China About To End Dollar-Peg
The general attitude I have encountered (which is obviously fuelled by how the mainstream media chooses to report this issue) is that China’s government is likely to retain the dollar-peg either because a) that has been its policy throughout the last decade; or b) that China is somehow “trapped” into maintaining the “peg”. I firmly believe the exact opposite: that China’s government is very close to abandoning the dollar-peg, and (in fact) has made a multitude of preparations to do so.
It is entirely moot (at this point) to debate whether China “should” dump the dollar-peg. The facts are obvious: China must dump the peg, and both China and the rest of the world will benefit enormously from it doing so.
Read Article Here…
n
