Schadenfroh
Elite Member
- Mar 8, 2003
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Says the man who helped the overlords of The Soviet Union suck the life out of Eastern Europe...
Given the same opportunity I'm sure more than a few of our Polioticians would be just like him.
...Further, the same guy's own currency is pegged to a basket of the USD and Euro.
Who, exactly, is the leech? Allowing your currency to be pegged to another currency allows you to avoid having to appreciate/depreciate your currency, thus making your goods' prices move in lock-step with the other currency. Thus, if you want your goods to be cheaper, you just devalue your currency to a fixed peg and then flood your competitor's/peg's market with cheap goods.
Leech indeed.
You've mistaken Russia for China.
