US still plundering global wealth

Senate bill on currency exchange rates is another attempt to shift the cost of its domestic crisis to other countries

The passage by the US Senate of a bill aimed at pressuring China into appreciating the value of the yuan, at a time when the world's largest economy still faces a gloomy prospect of recovery, highlights the efforts of the United States to use the issue of the yuan's exchange rate to shift outward the US' domestic crises and problems.

The US has become accustomed to boosting its national wealth and reducing its economic risks by using money from other countries and diluting the wealth of its creditors.