What is "Currency Manipulation"? It's Probably not What You Think.

How are China and Other Countries Manipulating their Currencies?



           A term we've been hearing a lot of lately is "currency manipulation". I think that most of us think this means that a country (China) has been taking some kind of monetary action to make their currency more valuable or superior to other countries' currency. Currency manipulation is simply a country using subsidies and other tactics to protect their country's markets from foreign competition. It helps protect them from running deficits with other countries. In the US it referred to as "protectionism". Corporations don't want it because if America decides on trade protections, they won't be able to maximize their profits all across the world.
        They will no longer to be able to have free access to American markets after moving all the manufacturing jobs overseas. Their goods would be taxed as foreign goods at a higher tax rate than goods manufactured in America. That's why they want "free trade" instead of "fair trade". So in that vein, the USA needs to do some "currency manipulation" of it's own to bring its trade deficit into balance, especially since these traitorous "American corporations" are hiding their profits in foreign countries so that they won't have to pay American taxes