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China currency and "market forces"



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John Snow was just in China and of course, like every good Bush borg, he likes to repeat the classic GOP line about letting "market forces" decide. Anyone who takes an honest look at the GOP America can clearly tell that "market forces" is perhaps the most cynical, fraudulent line in their arsenal these days. It sounds good on paper, but the reality behind it has nothing to do with market forces.

The new China is pretty slick with marketing and after barely adjusting the yuan-dollar rates earlier this year, they are now pitching the "we will let market forces decide" line with regards to any changes in their over-inflated currency. Why do I get the feeling that they learned well from Snow and the Bush borgs and that real market forces will have very little to do with the value of the yuan? With this kind of spin, it will be interesting to hear how the GOP reacts to this latest pitch out of Beijing.


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