Will China destroy the global economy to maintain exports?

Chinese currency manipulation could lead to a global economic collapse according to the master currency manipulator, George Soros. Nations are devaluing their currency in an attempt to expand exports. The Chinese are the only nation that has absolute control of their and other currencies. China can thwart any attempt to undermine their policy of low balling any competitor.

American leadership took a terrible risk when they used China to provide cheap goods that would make americans feel wealthy even as american wages stagnated. They thought that they could manipulate the Chinese but lost control of the stampede to offshore. Now america, and the rest of the world, are at the mercy of Chinese policy. The Chinese are the single largest monolithic race on the face of the globe. They are Chinese first and last thus they will stand together against the rest of the world.

Many believe that the world is in the midst of a currency war. The US started this, lost control of it and now wants the Chinese to fix it. Why should they? It is american stupidity and greed that offshored the work then ran up a huge trade deficit buying Chinese goods on credit. China should tell the US to fuck off and they probably will.

Will China destroy the global economy to maintain exports? Probably. The world needs China more than China needs the world.