China Just Threatened a Currency War If the Fed Doesn’t Stop Printing | |
| Mordier L'eft User ID: 33147770 01/29/2013 01:15 PM ![]() Report Abusive Post Report Copyright Violation | 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. --"In this era of great big brains anything that can happen will. So hunker down." -- Kurt Vonnegut, JR. -- Galapagos. |
| waht (OP) User ID: 24118278 01/29/2013 01:20 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 33275964 01/29/2013 01:21 PM Report Abusive Post Report Copyright Violation | Europe will rule after this crisis is over. The germans know very well the consequences of inflation. That's why europe is adjusting to it's level of competitiveness. Others like the Uk and US just print money to cover the deficit. The US is dependent on the good will of the chinese to finance it's economy while europe is exporting even more and more to china. When the chinese dump the us dollar the us economy is toasted. ![]() |
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| waht (OP) User ID: 24118278 01/29/2013 01:25 PM Report Abusive Post Report Copyright Violation | 2008 Financial Panic Coming? CONSUMER CONFIDENCE COLLAPSE!! MASSIVE WITHDRAWN FROM 25 LARGEST US BANKS, China Averts Local Government Defaults As Soaring Debt Precedes Financial Crises, Central Banks Buying Gold, The Opposite Of Their Own Creation!! CHINA: STOP PRINTING MONEY!! [link to investmentwatchblog.com] |
| Anonymous Coward User ID: 961432 01/29/2013 01:25 PM Report Abusive Post Report Copyright Violation | hot air Quoting: Mordier L'eft both sides blow it once in a while, but no one will act because each side will end up pooched in the end. Not sure what you mean by "hot air". The consequence will be China further devaluing their currency, which will later result in the fed printing more money to devalue the dollar, and on and on and on. The net result being ALL currencies are devalued meaning you end up paying more and more and more for everything you need to live. . |
| waht (OP) User ID: 24118278 01/29/2013 01:26 PM Report Abusive Post Report Copyright Violation | China's New Leader Wants Officials To Cut Back On Extravagance Read more: [link to www.businessinsider.com] |
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| waht (OP) User ID: 24118278 01/29/2013 01:27 PM Report Abusive Post Report Copyright Violation | |
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| waht (OP) User ID: 24118278 01/29/2013 01:27 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1113183 01/29/2013 01:28 PM Report Abusive Post Report Copyright Violation | China news site had words of Reserve currency for the Yuan now besides an article with unloved dollar as the title. Orignally the info came from a blog that can't be linked in but has sherrie questioning all as the blog name. China came right out and said reserve currency. That was a first for them to use those words. [link to www.Gas_oven.com] |
| waht (OP) User ID: 24118278 01/29/2013 01:29 PM Report Abusive Post Report Copyright Violation | Davos 2013: China tells US to slow money printing presses [link to articles.economictimes.indiatimes.com] Last Edited by waht on 01/29/2013 01:30 PM |
| Anonymous Coward User ID: 1113183 01/29/2013 01:29 PM Report Abusive Post Report Copyright Violation | China news site had words of Reserve currency for the Yuan now besides an article with unloved dollar as the title. Orignally the info came from a blog that can't be linked in but has sherrie questioning all as the blog name. China came right out and said reserve currency. That was a first for them to use those words. Quoting: Anonymous Coward 1113183 [link to www.Gas_oven.com] Guess Rumor site isn't allowed to be linked either. |
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| Anonymous Coward User ID: 9266723 01/29/2013 01:32 PM Report Abusive Post Report Copyright Violation | The Yuan can't be a reserve currency unless China lets it compete agienst the others without controlling it directly. And if it does, it could get so high that it could devastate their exports, which is based in large part on their currency being so cheap. |
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Chip![]() Forum Moderator User ID: 26607318 01/29/2013 01:34 PM ![]() Report Abusive Post Report Copyright Violation | It's a currency circle jerk. Last Edited by Chip on 01/29/2013 01:45 PM Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain |
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| Crazy Harriet User ID: 16501830 01/29/2013 01:45 PM Report Abusive Post Report Copyright Violation | There is plenty of money now, but the banks that have received the fed's largesse and now hold well over a trillion dollars (1.4T, last time I checked) in "excess reserves" at the fed, cannot take those funds and use them to stimulate the economy. On the contrary, they must keep the money at the fed as a condition of receiving the fed's bailouts. This has the effect of sterilizing the money and keeping it from causing inflation, which is the normal situation in a fiat economy when economic activity is pursued. In other words, if they loan it to "main street", the inflation game will explode and the fed won't be able to keep rates artifically low. A direct and nearly-immediate result of this is believed to be (by the fed) that interest rates would rise and the USG would be unable to service its debt. thus... The fed has painted itself into a corner and will continue as they are ad infinitum, or it's game over. “I may not have gone where I intended to go, but I think I have ended up where I needed to be.” ― Douglas Adam |
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| Anonymous Coward User ID: 32353371 01/29/2013 01:57 PM Report Abusive Post Report Copyright Violation | 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. |
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| Patrick Bateman User ID: 23950367 01/29/2013 01:58 PM ![]() Report Abusive Post Report Copyright Violation | |
| Patrick Bateman User ID: 23950367 01/29/2013 01:58 PM ![]() Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 33271755 01/29/2013 02:03 PM Report Abusive Post Report Copyright Violation | every crash every war was planed. end the FED. end the central private banks. send bankers on the sun. problem solved. The Money Masters The Secret of Oz - Winner, Best Docu of 2010 |
| optimum judgment User ID: 24021617 01/29/2013 02:15 PM Report Abusive Post Report Copyright Violation | 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. Read more: [link to investmentwatchblog.com] [/quote the money system is riged m8 if it colapses it will be because they wanted it to ,look at every depression from now back 100 years,every time certain familys start it by moving funds from well known companys causing there colapse then they wade in at the last moment and buy the company then reset its earnings and carry on with the company worth more and all there money plus our money back its all a total scam and all countrys are involved |