| U.S. Senate Banking Committee Chairman Chris Dodd | | | | in the international markets. That being said, when |
| responds to reporters concerning his expectation of | | | | the strategic economic dialogue is unveiled, as |
| what President elect Obama will do concerning the | | | | President Obama takes office on January 20. 2009, |
| China Yuan currency manipulation. Higher-ups in the | | | | expect immediate pressure on China and Japan to |
| international economy are quietly buying China yuan | | | | stop the manipulation of their currencies. |
| while the American dollar is strong and waiting for U.S. | | | | China's currency hit a new high against the American |
| pressure legislatively to be applied during the Obama | | | | dollar on in June of 2007 when the United States' |
| administration. Huge potential profits await as the | | | | congress began to increasingly demand China increase |
| yuan gets released from captivity to rise to all-time | | | | the value of the yuan more quickly. Once the |
| highs. | | | | People's Bank of China complied and set the midpoint |
| There truly is no better time to learn currency | | | | at 7.6282, the minute trading started the 7.63 barrier |
| trading & exchange secrets to make millions | | | | was instantly broken for the first time since China |
| during the devaluation en route to economic | | | | ended the peg to the US dollar in July 2005. |
| globalization. | | | | Although the China yuan is currently allowed to move |
| For those without much intestinal fortitude to ride | | | | 0.5 percent up or down the midpoint in a day, expect |
| the waves of change during this unprecedented | | | | more pressure to be applied from the Obama |
| global financial crisis, many are parking their life | | | | administration and Washington upon China in the |
| savings in gold and watching the currencies of the | | | | coming months. This will translate into record highs |
| world unravel after which they can reposition and | | | | for those investing in China yuan, as its artificially low |
| relocate their fortunes in the appropriate currency of | | | | valuations break free and begin to rise to all-time |
| choice once stability returns to global financial | | | | highs. |
| markets. Gold has been a timeless and solid bet for | | | | Expect U.S. lawmakers, Chris Dodd, and the Obama |
| savvy investors unwilling to risk their hard earned | | | | administration to put unprecedented pressure on |
| money. | | | | China to stop manipulating their currency and let the |
| In June of 2007, despite pressure from the US | | | | yuan rise to all-time highs. Once the controls on the |
| Congress, the Bush administration refused | | | | yuan are lifted, the yuan a.k.a. RMB will hit record |
| acknowledge and cite China as a country that | | | | highs. |
| manipulates its currency to gain unfair trade | | | | That being said, a very safe and wise long-term |
| advantages. Yet that finding was quickly challenged | | | | investment is the China yuan given the fact China |
| by a group of senators who said they would | | | | holds over $1 trillion of U.S. debt and manufactures |
| introduce legislation to make it easier for the United | | | | countless goods and products bought throughout |
| States to pursue economic sanctions against China | | | | America by salivating consumers lusting for Chinese |
| for allowing its currency to rise in value more quickly | | | | items. |
| against the dollar. | | | | For more than half a century, US labor-intensive |
| American manufacturers contend that China is | | | | industry has mostly shifted overseas. Take the shoe |
| undervaluing its currency by as much as 40 percent. | | | | industry for example. In 1976, in the US market 53 |
| Contributing to a recession and an unprecedented | | | | pairs of shoes per 100 pairs were domestically made. |
| jobless rate in America, China yuan currency | | | | That figure dropped to 22 pairs in 1986; 11 pairs in |
| manipulation has produced a massive US-China trade | | | | 1996; and only only one and half pairs per 100 were |
| gap exceeding an all-time high of $232.6 billion, | | | | domestically made in 2006. |
| one-third of America's record deficit of $758.5 billion | | | | Now, 98.5 percent of the shoes worn by Americans |
| last year. | | | | are imported. In 2005, the US imported 1.8 billion pairs |
| Expect a majority Democratic Congress and | | | | of various kinds of shoes from China. The average |
| President elect Obama to take aggressive action | | | | American wore six pairs of shoes made in China. |
| against China for manipulating their currency and | | | | American lawmakers are adamantly calling for punitive |
| artificially keeping the yuan and RMB rate. The time | | | | action against China if it fails to take faster action to |
| for change has come and it will begin in the global | | | | let the yuan rise. Once President elect Obama enters |
| economy as President Obama applies pressure with | | | | the White House, expect immediate action against |
| his economic team on countries like China who have | | | | China to ensure compliance and a release of the yuan |
| manipulated their currency, held the yuan down, to | | | | from captivity and Chinese governmental intervention. |
| profit handsomely at the expense of the U.S. | | | | Certainly there can be no better time to buy China |
| economy. | | | | yuan while the American dollar is strong and wait for |
| The Obama administration will not mirror the passivity | | | | U.S. pressure legislatively to be applied during the |
| an complacency of the Bush administration, but | | | | Obama administration. Huge potential profits as the |
| rather take aggressive action to remedy the global | | | | yuan gets released from captivity to rise to all-time |
| market injustices and create a level playing field for all | | | | highs. |