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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:KnightsTemplar.TV:MV8yMTIzMTM0XzM1ODI2MDA5X0M1OThGRTUx] [quote:Chip:MV8yMTIzMTM0XzM1ODIyNTU5XzMxNDY1RkE4] It's a currency circle jerk. [/quote] [youtube]https://www.youtube.com/watch?v=68LAbJtd4uk[/youtube] We just get by However we can We all gotta duck When the shit hits the fan 10 kids in a cadillac Stand in lines for welfare checks Let's all leach off the state Gee!the money's really great! Soup lines Free loaves of bread 5lb blocks of cheese Bags of groceries Social security Has run out on you and me We do whatever we can [b]Gotta duck when the shit hits the fan [/b] [/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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