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      <title> The Currency Exchange Rate Oversight Reform Act of 2011, a bill designed to pressure China into ending its currency manipulations and let the renmimbi rise, passes procedural hurdles in the Senate and is likely to come up for a final vote later in the week. Critics of the legislation say it risks alienating one of our biggest trading partners - not to mention one of the largest holders of U.S. debt. </title>
      <link>http://seekingalpha.com/currents/post/94125?source=feed#comment-1953932</link>
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        <![CDATA[China holds our debt since they are paid in dollars. As such, where else are they going to store the money? They are not interested in buying shares in our companies as much as they are protecting the money they have. What else are they going to do with the money, invest in Eurobonds through currency conversion. Similar to the job creator mentality. People do not create jobs to help others, the create jobs attempt to pay the lowest wages and keep as much as they can for themselves. With the tax rate being held at the Bush created, Obama passed lows for the job creators, now they must find an additional 4% return to invest that money. It is all about self interest. In this case, the US self interest. Is China going to stop creating cheaper goods to export? Or simply stop trading with the US? The answer is obvious to me. More expensive Chinese goods will be replaced by another country's cheaper goods, or potentially bring jobs back to the US.]]>
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      <pubDate>Wed, 05 Oct 2011 03:46:26 -0400</pubDate>
      <description>
        <![CDATA[China holds our debt since they are paid in dollars. As such, where else are they going to store the money? They are not interested in buying shares in our companies as much as they are protecting the money they have. What else are they going to do with the money, invest in Eurobonds through currency conversion. Similar to the job creator mentality. People do not create jobs to help others, the create jobs attempt to pay the lowest wages and keep as much as they can for themselves. With the tax rate being held at the Bush created, Obama passed lows for the job creators, now they must find an additional 4% return to invest that money. It is all about self interest. In this case, the US self interest. Is China going to stop creating cheaper goods to export? Or simply stop trading with the US? The answer is obvious to me. More expensive Chinese goods will be replaced by another country's cheaper goods, or potentially bring jobs back to the US.]]>
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