Undervalued Curriencies Japanese Yen and the Chinese Yuan

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Just a few days ago, Rodrigo de Rato, the Grand Vizier of the International Monetary Fund, told reporters, "right now the U.S. dollar is undervalued." Just yesterday, his underlings at the IMF released their semi-annual World Economic Outlook and said the greenback remains "overvalued."

For the record, we see the U.S. dollars as a fatally flawed paper currency living on borrowed time. The massive debt in the American public and private sector dooms the dollar.

The only "undervalued" currencies in the world are the Japanese Yen and the Chinese Yuan. Both are kept weak by their respective monetary masters for the purposes of boosting exports to the U.S. economy. Both will likely get stronger as consumer spending in China and the Far East picks up the American slack in the coming years.
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undervalued    quot    yuan    chinese    underlings    boosting    slack    fatally

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