...Why will things cost more over night?
Is it because in order to buy the "Chinese Dollar" that there is an exchange rate or conversion fee that must be paid?
Like when I convert my dollars to a foreign currency, it's not just an even exchange, but a conversion fee is deducted by the bank (or money changer) at the time of conversion.
Is this why prices will immediately go up for Americans, or are there other reasons?
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford
Want DP delivered to your inbox daily? Subscribe here: