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China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
Ms Sans Serif
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[quote:Anonymous Coward 1416114:MV8yMTIzMTM0XzM1ODI1MTA4X0ExRTgwQjFF] [quote:Marxist:MV8yMTIzMTM0XzM1ODIzODI1X0M3RDU3MTcy] [quote:Anonymous Coward 1416114:MV8yMTIzMTM0XzM1ODIzNTMxX0QxN0IxNzc5] [quote:Marxist:MV8yMTIzMTM0XzM1ODIzMzcxX0IxOUFBRUNG] [quote:Mordier L'eft:MV8yMTIzMTM0XzM1ODIyMzQyX0JCMDJDQkQz] hot air both sides blow it once in a while, but no one will act because each side will end up pooched in the end. [/quote] True. An economic war with the US is something China cannot afford. It is, in a word, America's bitch. [/quote] America´s bitch? When the US dollar collapses there will be no US. [/quote] OK. Watch them rally around the US dollar in the event of any risk to its value. Just do that...if and when it does happen. Especially China!! Don't argue with me. Just look and observe the real state of power in this world. Then go away and read Das Kapital by Karl Marx to make sense of what you are observing. [/quote] I have been watching the Dollar loose 30% of its value against the Swedish Krona. I have watched the Dollar loose 20% of it value against the Euro. In less then a dacade. When the US dollar is no longer needed for Oil purchases its over. [/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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