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Next Media Animation:“US-Sino Currency Rap Battle”

November 10th, 2010 4 comments

I am in Japan for another day and then heading back to the U.S.. Next Media Animation based in Taiwan has produced this video about the supposed currency battle between the U.S. and China. To me, the real truth is really a battle between the USD and the world’s currencies – not just China’s. Anyways, I thought the video was entertaining nevertheless. I don’t agree with the simple USD and RMB fixation as is in the Western media. For example, when the Japanese government intervened to weaken the Yen since the U.S. has weakened the USD so much against it, the Japanese government was severely lashed by the U.S..