"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Thursday, July 21, 2005

BUSH WINS ANOTHER BIG ONE: China to revalue Yuan

NYTIMES: China Says It Will No Longer Peg Its Currency to the U.S. Dollar By CHRIS BUCKLEY 9:45 AM ET - China bowed to months of pressure by revaluing the yuan by 2.1 percent and abandoning the currency's decade-old peg against the dollar.

This comes on the heels of China LOSING the UNOCAL bid. BUSH RULES!

1 comment:

Kyle said...

I also just heard that the Chinese have backe down and pledges a "no first use" of nuclear weapons. Just as I predicted.
The Chicom party is on its last legs and when the present Directory of Octogenarians, looses its grip there might be a short time of instability we have to worry about.