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China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Marxist:MV8yMTIzMTM0XzM1ODIzODk0XzUzMjY5ODJG] [quote:Anonymous Coward 1416114:MV8yMTIzMTM0XzM1ODIzNjI0X0JBNEM2Q0VF] [quote:Anonymous Coward 32353371:MV8yMTIzMTM0XzM1ODIyODMyX0Y4MTZCMkY1] [quote:Anonymous Coward 1416114:MV8yMTIzMTM0XzM1ODIyNjg5Xzg2QUU5RkJD] [quote:Anonymous Coward 33207206:MV8yMTIzMTM0XzM1ODIyNDMwXzFGMDIyQUJE] we need to sort the commies out [/quote] So to stop printing money for pointless wars is out? [/quote] They are not pointless wars. They are keeping the muzzies from overrunning and destroying europe. If we left them alone, they would unite and go after their favorite target again - Europe. Keep one area destabilized to keep another better area stable. You could always bow down and let them cut off your head after you refuse to worship allah. [/quote] Do you acually belive that the taliban fighting in Afghanistan is stopping an invasion of Europe? That the almost 10 year war in Iraq was stopping an invasion? You can not realy belive that. They are fighting rag tag outfits, not an army that can invade Europe. [/quote] These Islamist groups are largely led by donkeys. However, they are skilled guerila fighters which they were trained to be in the Wests's Cold War with the Soviets. Now that they have served their purpose, they are being mopped up as the region is prepared for integration into consumer capitalism. Same with the Arab Mediterranean where these donkeys are alternately used to get rid of troublesome rulers and then given the boot themselves. [/quote]
The tension between Central Banks that we noted yesterday continues to worsen. This time it was China and the EU, not just Germany, that fired warning shots at the US Fed.
A senior Chinese official said on Friday that the United States should cut back on printing money to stimulate its economy if the world is to have confidence in the dollar.
Asked whether he was worried about the dollar, the chairman of China’s sovereign wealth fund, the China Investment Corporation, Jin Liqun, told the World Economic Forum in Davos: “I am a little bit worried.”
“There will be no winners in currency wars. But it is important for a central bank that the money goes to the right place,” Li said.
Speaking at the same session, French Finance Minister Pierre Moscovici voiced concern that the euro was becoming overvalued as a result of quantitative easing and other stimulus actions taken by other nations’ central banks.
link to investmentwatchblog.com
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