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Senate Banking Committee Chairman Chris Dodd responds to reporters concerning his expectation of what President elect Obama will do concerning the China Yuan currency manipulation. Higher-ups in the international economy are quietly buying China yuan while the American dollar is strong and waiting for U.S. Obama administration. Huge potential profits await as the yuan gets released from captivity to rise to all-time highs. There truly is no better time to learn currency trading & exchange secrets to make millions during the devaluation en route to economic globalization. In June of 2007, despite pressure from the US Congress, the Bush administration refused acknowledge and cite China as a country that manipulates its currency to gain unfair trade advantages. American manufacturers contend that China is undervaluing its currency by as much as 40 percent. 758.5 billion last year. Expect a majority Democratic Congress and President elect Obama to take aggressive action against China for manipulating their currency and artificially keeping the yuan and RMB rate. The Obama administration will not mirror the passivity an complacency of the Bush administration, but rather take aggressive action to remedy the global market injustices and create a level playing field for all in the international markets.



That being said, when the strategic economic dialogue is unveiled, as President Obama takes office on January 20. 2009, expect immediate pressure on China and Japan to stop the manipulation of their currencies. China's currency hit a new high against the American dollar on in June of 2007 when the United States' congress began to increasingly demand China increase the value of the yuan more quickly. Although the China yuan is currently allowed to move 0.5 percent up or down the midpoint in a day, expect more pressure to be applied from the Obama administration and Washington upon China in the coming months. This will translate into record highs for those investing in China yuan, as its artificially low valuations break free and begin to rise to all-time highs. Expect U.S. lawmakers, Chris Dodd, and the Obama administration to put unprecedented pressure on China to stop manipulating their currency and let the yuan rise to all-time highs.



Once the controls on the yuan are lifted, the yuan a.k.a. RMB will hit record highs. 1 trillion of U.S. America by salivating consumers lusting for Chinese items. For more than half a century, US labor-intensive industry has mostly shifted overseas. Take the shoe industry for example. In 1976, in the US market 53 pairs of shoes per 100 pairs were domestically made. Now, 98.5 percent of the shoes worn by Americans are imported. In 2005, the US imported 1.8 billion pairs of various kinds of shoes from China. The average American wore six pairs of shoes made in China. American lawmakers are adamantly calling for punitive action against China if it fails to take faster action to let the yuan rise. Once President elect Obama enters the White House, expect immediate action against China to ensure compliance and a release of the yuan from captivity and Chinese governmental intervention. Certainly there can be no better time to buy China yuan while the American dollar is strong and wait for U.S. Obama administration. Huge potential profits as the yuan gets released from captivity to rise to all-time highs.



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