sc94597 on 14 May 2016
| Final-Fan said: You say the US qualifies with this restriction? "the country's government has foreign asset reserves exceeding the amount necessary to repay all its debt obligations." |
This isn't true for China either. China's government debt is something like 70% of its GDP, or about $7 trillion dollars. The total foreign asset reserves China has is something around 3.2 - 4 trillion dollars.
But as is usual with these types of laws the numbers can be skewed to fit the requirements, so that they can enforce it based on intent. Nevertheless, the U.S still manipulates its currency as does any country with a central bank.
