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China Just Threatened a Currency War If the Fed Doesn’t Stop Printing

 
Nikola Tesla

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01/29/2013 06:13 PM

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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
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]
 Quoting: waht


A currency war will assure the destruction of each participant Country's currency. China is blowing hot air. Keep in mind however that they have underway designs to make their currency (Yuan) the worlds reserve currency. They just aren't there yet. Also, they are stocking up on commodities and precious metals. Perhaps to protect themselves in the event of a trade war.
Anonymous Coward
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01/29/2013 06:19 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
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.



germany
 Quoting: Anonymous Coward 33275964


hitler
Anonymous Coward
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01/29/2013 06:29 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
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.



germany
 Quoting: Anonymous Coward 33275964


NO they won't. China owns the Federal Reserve system, which is global. europe does not.
Alexander

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01/29/2013 08:12 PM

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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
Note to self: buy Chinese Yuan.
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill
Anonymous Coward
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01/29/2013 08:18 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
The "petrodollar" is the USA's hidden ace... but if dollar is backed by hot air alone, why keep it as a "reserve currency" when the yuan is far more attractive and possibly backed by something other than bullsh1t?
Anonymous Coward
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01/29/2013 08:50 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
the very fact that the fed reserve prints american money is unconstitutional. look up thomas jefferson's quotes in regards to private central banks. everything he stated came true (banks would take citizen's homes, throw them in debt, etc)

If the fed reserve stopped printing worthless paper $ then it will be a good thing for both China and America.

Money is supposed to be notes representing gold and silver that you can redeem at any time. Now it's worth no more than the toilet paper I wipe my ass with

butt
Anonymous Coward
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01/29/2013 09:28 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
To everyone claiming money is worth nothing, feel free to send it to me.
Anonymous Coward
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01/29/2013 09:31 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
1rof1

just more smoke and mirrors people

another distraction

did everyone forget Kissinger & China in the 70's?

China has been in "the club" for ages
 Quoting: Ima Pseudonym


As we have learned from Sandy Hook, it is not whether it is staged or not that matters. What matters is what game-lords can do with it. If they WANT to crash the dollar, they can give currency wars as the "raison d'etre". The reason why for currency collapse.
Anonymous Coward
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01/29/2013 09:32 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
Note to self: buy Chinese Yuan.
 Quoting: Alexander


Note to self: Learn a foreign language :-)
The Right Policy

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01/29/2013 09:36 PM

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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
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.
 Quoting: Mordier L'eft


Yes, POPPYCOCK! China can suck it! We can do whatever 0bama wants with the Fed and the rest of the world can enjoy it. 0bama fixed our us economy, or else the Dow would not be above 14k, holla. The us economy be bangin, Satan Allah can't even touch the us for the next 4 years!!! The 47% can keep on partyin
The Right Policy is Always Conservative

"The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools, such as those who made him their President." - Vaclav Klaus
Nikola Tesla

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01/29/2013 09:39 PM

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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
the very fact that the fed reserve prints american money is unconstitutional. look up thomas jefferson's quotes in regards to private central banks. everything he stated came true (banks would take citizen's homes, throw them in debt, etc)

If the fed reserve stopped printing worthless paper $ then it will be a good thing for both China and America.

Money is supposed to be notes representing gold and silver that you can redeem at any time. Now it's worth no more than the toilet paper I wipe my ass with

butt
 Quoting: Anonymous Coward 23414035


Yep, wipe your ass with one dollar FRN's. The dollar has lost 96% of it's purchasing power since the Federal Reserve Act was authorized by CONgress in 1913.

They have really done a number on us.
Anonymous Coward
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01/29/2013 09:42 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
I'm no economist but aren't they a little late? 1dunno1
Anonymous Coward
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01/29/2013 09:57 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
the very fact that the fed reserve prints american money is unconstitutional. look up thomas jefferson's quotes in regards to private central banks. everything he stated came true (banks would take citizen's homes, throw them in debt, etc)

If the fed reserve stopped printing worthless paper $ then it will be a good thing for both China and America.

Money is supposed to be notes representing gold and silver that you can redeem at any time. Now it's worth no more than the toilet paper I wipe my ass with

butt
 Quoting: Anonymous Coward 23414035


Yep, wipe your ass with one dollar FRN's. The dollar has lost 96% of it's purchasing power since the Federal Reserve Act was authorized by CONgress in 1913.

They have really done a number on us.
 Quoting: Nikola Tesla


Of course, what did we think would happen? What is really intriguing is that Kennedy signed a bill called 11110 that prevented the fed reserve from printing money. basically making it illegal for them to do so. 6 months later he's killed. And the VP agreed to throw out 11110 before he even took office.

insidious plot anyone?

doomsol
Anonymous Coward
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01/29/2013 10:01 PM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
the very fact that the fed reserve prints american money is unconstitutional. look up thomas jefferson's quotes in regards to private central banks. everything he stated came true (banks would take citizen's homes, throw them in debt, etc)

If the fed reserve stopped printing worthless paper $ then it will be a good thing for both China and America.

Money is supposed to be notes representing gold and silver that you can redeem at any time. Now it's worth no more than the toilet paper I wipe my ass with

butt
 Quoting: Anonymous Coward 23414035


Yep, wipe your ass with one dollar FRN's. The dollar has lost 96% of it's purchasing power since the Federal Reserve Act was authorized by CONgress in 1913.

They have really done a number on us.
 Quoting: Nikola Tesla


Do you think Inflation is just always a bad thing?

The US dollar has experienced inflation, but most of it is by design. And to be clear, some of America's more prosperous years happened while the currency was inflating.
Anonymous Coward
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01/30/2013 11:38 AM
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Re: China Just Threatened a Currency War If the Fed Doesn’t Stop Printing
the very fact that the fed reserve prints american money is unconstitutional. look up thomas jefferson's quotes in regards to private central banks. everything he stated came true (banks would take citizen's homes, throw them in debt, etc)

If the fed reserve stopped printing worthless paper $ then it will be a good thing for both China and America.

Money is supposed to be notes representing gold and silver that you can redeem at any time. Now it's worth no more than the toilet paper I wipe my ass with

butt
 Quoting: Anonymous Coward 23414035


Yep, wipe your ass with one dollar FRN's. The dollar has lost 96% of it's purchasing power since the Federal Reserve Act was authorized by CONgress in 1913.

They have really done a number on us.
 Quoting: Nikola Tesla


Do you think Inflation is just always a bad thing?

The US dollar has experienced inflation, but most of it is by design. And to be clear, some of America's more prosperous years happened while the currency was inflating.
 Quoting: Anonymous Coward 9266723


1 million dollars to buy a loaf of bread?

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