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Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!

 
Digital mix guy
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08/14/2012 07:04 AM
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Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
China Is Running Out Of Money. Why has the economy so far failed to respond? There are various reasons, but perhaps the most important is that the country is running out of money for stimulus.

At first glance, that proposition seems preposterous. After all, the People’s Bank of China, the central bank, held $3.24 trillion of foreign currency reserves at the end of the first half of this year. Yet foreign currency, no matter how plentiful, has limited usefulness in a local currency crisis. In any event, the PBOC’s foreign currency holdings are almost evenly matched with renminbi-denominated liabilities that were incurred to acquire all those dollars, pounds, euros, and yen. As a result, the central bank cannot use the reserves without driving itself deep—actually, deeper—into insolvency.

The recent slight decline in the value of the renminbi versus the dollar has decreased the amount of the PBOC’s liabilities in relations to its assets and has therefore marginally strengthened its balance sheet, but the central bank still does not have the flexibility to use its reserves as it pleases. Therefore, a massive foreign currency injection into the economy, even if it would work, is not in the cards.

[link to www.forbes.com]

Last Edited by Digital mix guy on 08/14/2012 07:05 AM
fromSouthCarolina

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08/14/2012 08:04 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
:greenbump:
luke
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
Dont worry , China is creating gold bars now.

pigchef
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
How much do we owe them again? hiding
Fred
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08/14/2012 08:48 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
They can't run out, press a button and more magically appears. Unlike Greece, China has its own currency.
Digital mix guy (OP)

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08/16/2012 10:14 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
bump
Anonymous Coward
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08/16/2012 10:53 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
this is pure dung.
in this day & age nobody runs out of money.
they just print..
Ohwell

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08/16/2012 10:59 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
this is pure dung.
in this day & age nobody runs out of money.
they just print..
 Quoting: Anonymous Coward 1246800


Precisely! There are many trees around and the computer has no problem with the number of zeros you are willing to type in front of 1 - 9.
Anonymous Coward
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08/16/2012 11:03 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
just print some rice corn
Philligan
in rainbows

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08/16/2012 11:08 AM

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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
their gold imports have doubled, they have been buying as much gold as possible lately
everything in its right place
Anonymous Coward
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08/16/2012 11:10 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
Its a cover story. they are not out of money they just arent giving any more to america. you people are so dumb.
Anonymous Coward
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08/16/2012 11:12 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
america you are cut off, no more money!
Anonymous Coward
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08/16/2012 11:13 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
Ah that must be why they are importing record amounts of gold every month.../sarcasm off.

[link to www.theblaze.com]

[link to www.zerohedge.com]
Anonymous Coward
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08/16/2012 11:19 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
How much do we owe them again? hiding
 Quoting: Anonymous Coward 6015287


who cares they will never get it and it is their fault for allowing the US to accumulate more debt.


what can they do?
Anonymous Coward
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08/16/2012 11:38 AM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
here's a good video explaining the basics. There's a lot more there, that go into further detail.

[link to www.khanacademy.org]
Digital mix guy (OP)

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08/16/2012 04:23 PM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
bump
Digital mix guy (OP)

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08/22/2012 03:50 PM
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Re: Uh-oh!!!! China Is Running Out Of Money. forbes.com!!! Aug 12!! Breaking news!!!! pin!!
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