Tuesday 8 February 2011

Currency War: Brazil vs. China

The US has voiced support for Brazil in their "currency war" with China. US Secretary of the Treasury, Tim Geithner, has criticised undervalued currencies leading to Brazil receiving a disproportionate amount of global capital inflows.

The Brazilian currency, the Real, has been damaged by foreign investment and a increase of cheap Chinese imports.

Source: Telegraph

12 comments:

  1. The US supported Brazil? Shocking.

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  2. Ya, why support Brazil? US is so closely dependent on China for everything... Sounds like trouble.

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  3. I agree with Thatoneguy and Beau, why support Brazil when they depend on China so much ...

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  4. It's like fighting China through Brazil. The enemy of our enemy is our friend. C'mon didn't you watch alien vs. predator?

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  5. Hmm, this blog is relevant to my interests. I hope you don't mind me stopping by every once and awhile.

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  6. us and brazil, never would have thought it tbh

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  7. of course the US will side with brazil in a currency war against CHINA.

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  8. China is going to collapse soon due to ever population, either that or they're going to have to start taking over other countries. I don't think they're a problem

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  9. Brazil seems to be doing quite well despite their currency issues. At least they are playing fair, unlike China

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  10. the enemy of my enemy is my friend is certainly going on in here

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