MacHamish wrote:

> On Tue, 23 Nov 2004 19:15:06 -0700, "John P. Mullen" <jomullen@zianet.com>
> wrote:
> 
> 
>>Rykk wrote:
>>
>>>>in article 41a29357$0$24335$a8266bb1@news.titannews.com, Ian Smith at
>>>>ianinhoose@btinternet.naespam.com wrote on 11/23/04 10:47 AM:
>>>
>>>
>>>>>  The entire world (the other 94%) doesn't have to use dollars, and
>>>>>it certainly wouldn't be the end if the dollar collapsed. The people
>>>>>of America should realise this. However, I'm not anti-American, and I
>>>>>continue to buy their products/services. They have achieved much, and
>>>>>many can learn from them. It doesn't make them perfect, though. The
>>>>>question is, can they/are they willing to learn from the rest of the
>>>>>world?
>>>
>>>
>>>As I said.  Many countries currencies are Pegged to the dollar.  That 
>>>means for every point the dollar goes up or down, that countries 
>>>currency goes up or down automatically by the ratio they pegged thier 
>>>currency at.
>>>
>>>If you don't think a depression in the US will lead to a depression 
>>>everywhere else.  Read more history.
>>>
>>>The US is a significant percentage of the World Economy.  Other 
>>>countries with large Economies, Such as Japan have a significant amount 
>>>of their economy invested in the US.  Hurting the US hurts these 
>>>countries.  Ruining the US economy won't be be the end of the world.  
>>>But then again.  Neither is drinking from the toilet.  You just won't 
>>>feel very good afterward.
>>>
>>>Rykk
>>
>>
>>Interesting theory, but no relation to facts.
>>
>>Here are some facts
>>
>>http://www.x-rates.com/d/EUR/USD/graph120.html
>>
>>It seems like nobody tracks to the USD.  It also seems the USD is 
>>falling with respect to most currencies.
>>
>>John Mullen
> 
> 
> Chinese Yuan.
> 
> http://www.x-rates.com/d/CNY/USD/graph120.html
> 
> MacHamish M$(D??(Br

The need to adjust the Chinese Yuan exchange rate

http://english.epochtimes.com/news/4-11-4/24165.html

John Mullen