![\"dennisgartmancnbc.png\"](\"http:\/\/static.businessinsider.com\/image\/4adc61260000000000c6263b\/dennisgartmancnbcpng.png\")
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It’s nothing new that relations between China<\/a> and the US are more tense these days, but Congress and Tim Geithner are beginning to fear that in the not-too-distant future, the Chinese Yuan could overtake the US Dollar as the world’s reserve currency.<\/p>\n That is exactly what Mr. Dennis Gartman<\/a> suggests this morning in his Gartman Letter, saying that Congress is full of “idiots” and that their decisions are “truly, truly stupid” because they signed a letter with Tim Geithner that was sent to China. The letter stated their concern over the need to boost the value of the Yuan. Says the letter:<\/p>\n The impact of China’s currency manipulation on the U.S. economy cannot be overstated. Maintaining its currency at a devalued exchange rate provides a subsidy to Chinese companies and unfairly disadvantages foreign competitors.<\/em><\/p>\n Chalk another one up for the Krugman brigade.<\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n It’s nothing new that relations between China and the US are more tense these days, but Congress and Tim Geithner are beginning to fear that in the not-too-distant future, the Chinese Yuan could overtake the US Dollar as the world’s reserve currency. That is exactly what Mr. Dennis Gartman suggests this morning in his Gartman […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-434373","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/434373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=434373"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/434373\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=434373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=434373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=434373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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