if china didn’t drop their dollar peg prior to making such a change, they would surely be killing themselves as well due to inflation.

if they did, if china’s currency were to float… wouldn’t they also be in a mess with deflation, loss of exports, economic mayhem?

i think they’re stuck… economic mutual destruction… or fisticuffs to collect debts…

come the day that china demands the us govt accept an IMF style strict monetary policy…