The US bought Alaska from the Russian Empire in 1867 for $7.2 million. Was the purchase worth it? Using a variety of assumptions and techniques for valuing the net cash flows from Alaska, it is clear that the financial returns have not been positive. The economic benefits that have been received from Alaska over the years could have been obtained without purchasing the territory. In financial terms, Alaska has clearly been a negative net present value project for the United States.
If there ever was a killing to be made on a currency, here is the opportunity. There is absolutely no way that the Chinese fixed rate regime can continue. An artificially low yuan has to eventually cause the country’s inflation rate to explode. Or a global economic recovery will cause Chinese exports to balloon to politically intolerable levels. Either case will force a major upward revaluation in the currency.