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AQuietNight
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Comments by "AQuietNight" (@AQuietNight) on "Gravitas: China, Russia ditch dollar for gas trade" video.
The United States helped make many countries richer, including Japan, China and Germany.
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Yes dear, we understand. India will sleep with who ever buys her dinner.
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If the value of the yuan goes up China's exports will drop which means less export income and job losses.
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@ganeshkumar-gt9wx For myself I would like to see the dollar drop in value. That would hurt China more as their exports will go up in cost. If the Yuan goes up, exports will cost more. In order to export more Chinese industry will have to cut their costs which means people will lose jobs. On the other hand, the U.S. would export more without having to cut jobs. Having a high value currency can do as much harm as it can do good. So, China maybe too smart for their own good. Interest rates wouldn't have that much of an affect. And if the Chinese cut rates too much they will get inflation. Russia has nothing to lose. they export little outside of military equipment and oil. Oil is an easy sell. Selling goods that compete with other countries is not so easy. The ruble can double in value but so what?
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