Revaluing the Yuan

In other news, China has announed today that it will not revalue the Yuan.

This is good news for me as my meager salary will still go futher in the marketplace. It is bad news for American workers and the rest of the world that is producing products for consumption because it essentially means that China will still be the best deal in the world to do business in for low end goods.
Why?
Because even though China has joined the WTO, they are still taking their own sweet time in coming into the marketplace at a fair and just rate. They keep the exchange rate high, which lures big business because it basically gets a deal that should not be available in the market--think of that scenerio where a stolen truck pulls up to your street with 52 inch Plasma televisions for sale at $200 instead of $2000. That is China.
The United States keeps shaking their finger at China, threatning to impose trade restrictions and China, as it will always do, is polite and doesn't directly say no (it is against Chinese culture to directly say no.)
Bush and the other big business capitalists in charge in Washington, know that this is political bullshit, but they also know that there isnt a thing that they can do about it.
Why?
For years, decades even, China has been getting a lot of money from open market capitalism and not giving any of it to the people in the people's republic. Instead, it just reinvests in the market--both in the bond market as well as the US market. They are the No. 1 country that owns most of the US debt. While Bush is fighting a war, he is essentially doing it on credit. The credit card used by more Bush's-- Bank of China.
So, while the US likes to use big words to make us seem like big balls, China has our balls and knows how small they really are and they have their cold hands cupping them gently and telling us to just cough and everything will be alright....