senate Bill S. 433
Currency Wars: Should Countries that Undervalue Their Currency (Like China) Face Investigation?
Argument in favor
Currency undervaluation hurts the American economy — especially manufacturers — and has resulted in millions of job losses. As a result the U.S. needs to do what it can to protect workers from foreign countries that engage in such unfair practices.
06/11/2016
China is simply the main aspect of our BROKEN economy. Even though they are promoting industrialization for these hedge fund, corporation CEO'S they are not only devaluing our economy , they are devaluing our corrupt capitalist system and they are devaluing our citizens. These corporations and hedge fund CEOS are unthinkably making a plethora of profit every minute and leaving the American people to pay off the 22% owed national debt to foreign nations incorporating China. The nation of China is simply manipulating our nation by utilizing us as leverage to BOOM THEIR ECONOMY AND SIT BACK ON THEIR COSI CHAIRS AND LAUGH WHILE THEY READ ABOUT OUR OUR ECONOMY CRUMBLING. I am not blaming the nation of China, I greatly respect China's values and not necessarily their political ideology. I have most of the Blame on our nations advanced entrepreneurs and finical companies that make their fortune on China's regulation of export/import trade. We can't make an excuse that during the time period of the American Revolution trade was completely fine by the British actions. No! American colonist were extremely manipulated and were sometimes exterminated for exercising their opinion on the taxation system, such as the Boston massacre as well. The American revolution system relates to the current trade relationship we have with China because let's say China is the king/British/RED COATS and the CEO'S of America are loyalists making extremely great profit to positively influence their economic status while they watch the colonist suffer trying to pay off this debt. The point being is we have to exercise our first amendment rights to inform our entrepreneurs are considerate of how the trade/manufacturing with China would influence the American people before they think about this- "HEY I AM MAKING THE MONEY, NO ONE ELSE SO I DONT CARE, MY BANK ACCOUNT WILL BOOM!" This statement is relevant to the current economic fiasco we are in with China especially. Furthermore, when Mr. Donald trump Jr. Is elected in office his administration is going to have to utilize its advanced entrepreneurship knowledge to alleviate our current foreign debt with China and gradually increase AMERICAN MADE PROCTS TO BENEFIT ALL CITIZENS, NOT NECESSARILY THE TOP CEO'S AND HEDGE FUND! Together in these next four years we are going to have to regulate procedures to alleviate this particular matter and once again travel back to the NEW DEAL AGE DURING FRANKLIN DELANO ROOSEVELT'S TIME, WHEN OUR ECONOMY BOOMED. America is the greatest nation on the face of the earth that can achieve any economic accomplishment as long as they set their mind to it. Thank you for your time
08/25/2015
The attitude that it's ok for a country to manipulate its currency to If nothing else but to steal jobs at the very least (China) has been doing this for decades.. And of course the U.S. Does nothing. How many U.S. Senators and Congressmen have gotten fat contributions from companies doing business in China???
Argument opposed
If another country wants to devalue their currency, that just means American consumers will save money on that country’s exports. When American consumers save money, their spending goes elsewhere in the economy to support businesses and jobs.
08/25/2015
The U.S. has devalued its currency for years. Borrowing money from the air. Trillion dollars in debt. Yes, China wasn't fair but Big Brother has devalued the U.S. Dollar since we went off the gold standard. A little inflation stimulates the economy, but rising prices have led us into 2015. Even with inflation our savings account made more that 0.25%. Back in the 80' locked in a 10% rate until I was 65 yo.
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08/24/2015
If our "leaders" in D.C. would give U.S. manufacturers tax breaks, U.S. citizens would be more inclined to purchase U.S.-made products. If our "leaders" in D.C. would give U.S. CITIZEN consumers tax breaks, and STOP giving our money to other countries' citizens, we would have more money to purchase U.S.-made products. Hmmm. What a novel idea. Why has nobody in D.C. thought of this?
The U.S. has devalued its currency for years. Borrowing money from the air. Trillion dollars in debt. Yes, China wasn't fair but Big Brother has devalued the U.S. Dollar since we went off the gold standard. A little inflation stimulates the economy, but rising prices have led us into 2015. Even with inflation our savings account made more that 0.25%. Back in the 80' locked in a 10% rate until I was 65 yo.
If our "leaders" in D.C. would give U.S. manufacturers tax breaks, U.S. citizens would be more inclined to purchase U.S.-made products. If our "leaders" in D.C. would give U.S. CITIZEN consumers tax breaks, and STOP giving our money to other countries' citizens, we would have more money to purchase U.S.-made products. Hmmm. What a novel idea. Why has nobody in D.C. thought of this?
China is simply the main aspect of our BROKEN economy. Even though they are promoting industrialization for these hedge fund, corporation CEO'S they are not only devaluing our economy , they are devaluing our corrupt capitalist system and they are devaluing our citizens. These corporations and hedge fund CEOS are unthinkably making a plethora of profit every minute and leaving the American people to pay off the 22% owed national debt to foreign nations incorporating China. The nation of China is simply manipulating our nation by utilizing us as leverage to BOOM THEIR ECONOMY AND SIT BACK ON THEIR COSI CHAIRS AND LAUGH WHILE THEY READ ABOUT OUR OUR ECONOMY CRUMBLING. I am not blaming the nation of China, I greatly respect China's values and not necessarily their political ideology. I have most of the Blame on our nations advanced entrepreneurs and finical companies that make their fortune on China's regulation of export/import trade. We can't make an excuse that during the time period of the American Revolution trade was completely fine by the British actions. No! American colonist were extremely manipulated and were sometimes exterminated for exercising their opinion on the taxation system, such as the Boston massacre as well. The American revolution system relates to the current trade relationship we have with China because let's say China is the king/British/RED COATS and the CEO'S of America are loyalists making extremely great profit to positively influence their economic status while they watch the colonist suffer trying to pay off this debt. The point being is we have to exercise our first amendment rights to inform our entrepreneurs are considerate of how the trade/manufacturing with China would influence the American people before they think about this- "HEY I AM MAKING THE MONEY, NO ONE ELSE SO I DONT CARE, MY BANK ACCOUNT WILL BOOM!" This statement is relevant to the current economic fiasco we are in with China especially. Furthermore, when Mr. Donald trump Jr. Is elected in office his administration is going to have to utilize its advanced entrepreneurship knowledge to alleviate our current foreign debt with China and gradually increase AMERICAN MADE PROCTS TO BENEFIT ALL CITIZENS, NOT NECESSARILY THE TOP CEO'S AND HEDGE FUND! Together in these next four years we are going to have to regulate procedures to alleviate this particular matter and once again travel back to the NEW DEAL AGE DURING FRANKLIN DELANO ROOSEVELT'S TIME, WHEN OUR ECONOMY BOOMED. America is the greatest nation on the face of the earth that can achieve any economic accomplishment as long as they set their mind to it. Thank you for your time
What can the U.S. do to discourage this practice? Nothing. We cannot dictate economic policy to other countries.
And just how would you do this? It's their business how they run their country, not ours. I guess we could do what the GOP would do. Bomb the hell out of them.
it's their business what they do in their country like Jesus can this country mind its own business for five minutes
Not only that but this type of warfare needs to be recognised and put on the same level as conventional warfare, just like what should be done with cyberwarfare
What business is it of ours to interfere in the internal economic affairs of other nations? The U.S. is not the world's moral arbiter! If we create an internally strong economy--as Bernie Sanders & Elizabeth Warren suggest--this should not be a crucial issue even with international economic interdependence.
who is going to investigate their must be a better way but it is a problem
It would be hypocritical for us to do so. Isn't that what we've been doing with quantitative easing for the last five years?
There are other ways for our country to balance currency actions by other countries. A recent IMF report talked about the importance of global value chains in the world economy. A country that devalues its currency excessively has to be able to produce finished products from almost entirely domestically produced raw materials, or it won't be able to keep its balance of payments reasonable. If a country is devaluing its currency, it could be the result and/or cause of structural weaknesses in that country. Rather than trying to legislate the problem out of existence, we should let the global market self-correct. Unless it becomes a national security issue, congress really has no reason to legislate.
We have no authority over other countries currency, and if they want to cheapen their exports we can save money anyways.
It's good business sense for America to investigate others countries trade practices, especially if they might be being deceptive. This isn't "getting in other country's business" it's protecting our own.
If you devalue your currency the U.S. government should respond by applying tariffs to your goods and services.
Investigate them if they have American company branches within their jurisdiction. If they devalue their currency they are hurting the American economy. Furthermore, to avoid this issue, bring American jobs back on American soil, so American citizens can have job. Not foreign assets.
Free trade only works when it is truly free from the crass cheating nations such as China engage in order to obtain unfair advantages. It's time to cut China and other offenders down to size in the global market.
The attitude that it's ok for a country to manipulate its currency to If nothing else but to steal jobs at the very least (China) has been doing this for decades.. And of course the U.S. Does nothing. How many U.S. Senators and Congressmen have gotten fat contributions from companies doing business in China???