Just because somebody else is committing a crime, doesn't mean that the other side isn't or isn't actually committing a much bigger crime.
The thread is about the currency manipulation, those who've mentioned it in the past, and the nature of it's illegality and those involved in the treasonous act - which was to the detriment of the American people.
As for China it is very likely that they have to go through a big recession/correction to wash out the mass of bad credit. If that occurs the governments worst fear will rise and they will have a civil revolt on some scale. It is not inconceivable that becomes the end of the current system of government and we see a meaningful change as they move forward and 'grow up'.
I see this as being much like the 30's depression, it was driven by a debt bomb in the rising power (the US), it sucked the globe into the abyss BUT eventually when it was resolved it was clear that the US came out of it stronger than the old empire (the UK) and it took over as being the top dog. I see China's debt as being the big issue here and when they falter it will damage you more than them in the long run. They will be better positioned on the other side of it and probably dominant by then. The silver lining is that it will be a traumatic period that has a good chance of reshaping Chinese governance. This could get quite dicey for quite a while IMO.
Funny, I see that as being the flip side of this credit-fueled growth they have had, nothing comes without cost and this may well bury the architects of the last few decades of 'growth' in China. No doubt it will please many in the US and it will level the playing field a bit.
I'm speculating, but I'm not a shiny China bull... they will pay for their coke credit habit sooner or later, everyone does.
BUT they LOVE to speculate and, ironically, they are great little capitalists if left to their own means. If silver shows enough life, and there is a way for them to participate, I have no doubt that they will pile in like there is no tomorrow. IF that were to go down it would make BTC look tame.
You do realize that this quote is having it both ways... IF it is a pegged currency they import your monetary settings, i.e. your interest rates etc become theirs, it is practically the same as using USD domestically.
“They devalue their currency, they have for years: It’s put them at a tremendous competitive advantage. And we don’t have that advantage because we have a Fed that doesn’t lower interest rates,” Trump told CNBC’s Joe Kernen on “Squawk Box. ”
They, in fact, defend their currency by plowing the accumulated reserves back into UST bills thus financing the US government and keep interests rates lower in the USA benefiting all US-based lenders. Stopping that dynamic causes other issues, about which you'd no doubt complain.