The Race to the Bottom Contiunes

[johnbrickner]

http://finance.yahoo.com/news/u-warns-c ... 49073.html

So when China does it, we get mad. When we do it, it's QE but we get a weaker $$. Looks like the Euro gets the squeeze as a result. Kinda reminds me of the star wars program. We could afford to outspend Russia. How long can we afford to over depreciate our dollar and export our deflation to the rest of the world? Especially when China accumulates gold to bolster the eventual solidification of the Yuan.

Damn those Chinese executing so well the dare to challenge our Empire.