InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,018.39
(
-0.34%
)
US TECH 100
16,910.00
(
-0.43%
)
Dow Jones
37,903.29
(
0.23%
)
Brent Oil
83.55
(
-2.74%
)
Bitcoin
57,869.40
(
-4.51%
)
Post# of 29692
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Mr. Bill

Send PM Follow Ignore
Followers 167
Posts 20654
Boards Moderated 1
Alias Born 08/09/2000

Mr. Bill

Member Level

Re: None

Saturday, 08/15/2015 12:12:09 PM

Saturday, August 15, 2015 12:12:09 PM

Post# of 29692
This seems to directly contradict all K has to say about a FREE FLOAT out of the gate!

http://www.cnbc.com/2015/08/15/imf-yuan-reforms-may-bring-china-quite-close-to-floating-rate.html

China has had their currency closely pegged at a finite rate with the USD.

Yes, China, the up and coming biggest economy in the world!

Yet they still are pegged to the USD and only after many years are getting closer to a point where they might begin to have a free float - SOME DAY!

Seems to be the exact opposite of the FREE FLOAT MANDATE IT MUST BE BS we hear day after day from some!

When my time on earth is gone, and my activities here are passed, I want they bury me upside down, and my critics can kiss my ass!
Robert Montgomery Knight - The General

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up