Nikola

Three Reasons for a Chinese Revaluation Now

This is what HSBC is helping facilitate: www.hsbc.com.cn/1/2/co...

However, notice the many "No"s. This is not going to happen overnight.. The problem is once this is set in motion.... it's never going back to USD. Ever.

Chinese ALWAYS make statements before important meetings with Americans on these currency issues. They don't do it for face, they do it as a negotiating strategy. I am pretty sure that US politicians are used to it already. They make an eyebrow raising statement a few days before the meeting setting the stage. Then, usually, at the meeting itself, they strike an entirely different tone, leaving the other side unprepared. If Americans fall for this again, well....