Renminbi Quick Fix

It is surprising to me that we are still asking China to revalue their currency.

If everyone thinks that the Chinese currency is undervalued, then Americans, Japanese and anyone else should be exchanging their currency for Renminbi and buying up a lot of capital and real property in China (including those factories that seem to be making so much money making things for Americans).

This could certainly not be considered retaliatory. China is already one of the largest recipients of direct investments.

This might also convince the Chinese that perhaps their currency IS undervalued.

But mostly, the market forces will naturally appreciate the Renminbi. Even the Chinese government could not keep the Renminbi undervalued under such an onslaught of interest in their currency (many have tried, sometimes in reverse -- and all have failed).

So let us buy Chinese -- not just goods -- but land, buildings, factories, shares, etc.