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Imperial Forum → Politics → dollar collapsing
Now where was that chart I had. The one that showed all the bank's borrowing from the goventment before 2007 and after 2007. I don't wanna stock up on food I'm moving in a month 
. Convienience or well u know the alternative.
"Bond Reaction
The 10-year note yield fell as much as 54 basis points yesterday, the most since daily records began in 1962. "
" The Labor Department said the number of Americans receiving unemployment benefits surged to a record 5.47 million. "
I for one am tired of records.
And the second trumpet blew, and the second seal was broken, and Black Wing started quoting Paul Krugman
And a third of the world's Republicans were turned to dust.
The third plague is over but woe unto you for the forth plague has not yet come and woo is the man unprepared for the forth.
And I saw the right and the left weep and gnash teeth in disbelief.
China calls for new reserve currency
By Jamil Anderlini in Beijing
Published: March 23 2009 12:16 | Last updated: March 24 2009 00:06
China
EEEKKKKK Krugman.....lol. Quite a fiscal conservative peice.....in the NY TIMES ?!?!?!
Yea...but I posted on Saturday....I think.... 
KRUGMAN quoting BW...... OMG !!!
As to the CHINA Article....ROFL.....
Oh yea...just like the EU supports the Euro......until the shit hits the fan, and they are start running for cover, questioning the system, and the Germans/French ability to be the base of it.
Imagine, .... The WORLD BANK ... OMG.
Even worse...>CHINA coming up w/an IDEA on their own.
Sigh...
> Black_Wing wrote:
> @ Fokker...
Explain to me "Rampant Capitalism." <
Well, as is my understanding, this all came about because of "Bad Debt", which was caused in turn by frivolous money lending, and in some cases totally retarded money lending.
> and....please enlighten us all on the "Conservatives" in the UK who will wander into the ". . .Same Minefield." <
Not what I said. Here: "I'd be more gleeful but thanks to the past actions of certain Conservatives the UK is destined to wander into the same minefield."
Notice how I said >UK< and not whtever the hell it is you want me to have said?
I tells you all, make me president I will fix all these problems within 3 years
1 year for me being an IC player that's semi-active to active
1 year for me working hard at getting the job done
and the last year for letting me get the job done by any and all means possible
sure we might end up on the down side of things, but we'll grow stronger and take them back again
@ Fokker
Explain the same "minefield"...that the UK "Conservative" might wander into......seems simple enough to me.
You wrote the same thing, and Im asking the same question.
"Rampant Capitalism" Explain that......Its your statement.
Explain to us JUST HOW it came to be that, In your opinion and words "Bad Debt", which became "Frivolous money Lending"..... and well..."Retarded money lending"
Can you PLEASE explain all of this.
How did this "Debt" be it retarded or Frivolous or bad come to be ??
You see, if you dont know what you are talking about......you know..... have even a LITTLE knowledge on the subject..... Dont comment.
BUT>>>>......
If you actually do your homework Assignment like I gave you..... You might actually educate yourself, and have a much different understanding of the situation.
Basically, Im saving you from yourself.
You can thank me later.
Governments never repay their debt - they take new loans to repay previous ones. This is classical Ponzi scheme.
$2,000bn US debt to China will never be repaid, China knows it, US knows it, everybody knows it
I just wonder when China is finally coming to its senses and stops throwing good money after bad $2,000bn
when that happens (soon after G20 i bet) US will have no choice but to collapse the Ponzi scheme of ever growing debt by printing $$ to buy its expiring bonds
Wow... I can't believe you're getting this crabby over what was obviously a joke statement... What exactly are you hoping to prove? Other than the well known fact that I don't do Economics for good reason?
> Black_Wing wrote:
> [...] Explain the same "minefield"...that the UK "Conservative" might wander into......seems simple enough to me.
You wrote the same thing, and Im asking the same question. <
You seem unable to understand that I said "... the UK is going to wander into the same minefield" and not "The Conservatives are going to wander into the same minefield".
Look man, unless you "get" this there is no point in trying.
> "Rampant Capitalism" Explain that......Its your statement.
Explain to us JUST HOW it came to be that, In your opinion and words "Bad Debt", which became "Frivolous money Lending"..... and well..."Retarded money lending"
Can you PLEASE explain all of this.
How did this "Debt" be it retarded or Frivolous or bad come to be ?? <
Partly idiotic mortgage lending, partly big banks taking the piss, toxic investments (Don't know what one of those is but they sound cool)... Mostly; Companies more powerful than governments... HRBS is so big now that the government HAS TO pump money into it to keep it afloat, without HRBS the entire economy of the country would collapse...
...idiotic situation...
> You see, if you dont know what you are talking about......you know..... have even a LITTLE knowledge on the subject..... Dont comment. <
Dude, if you are really this incapable of spotting a joke how the smeg have you lasted in IC?
> BUT>>>>......
If you actually do your homework Assignment like I gave you..... You might actually educate yourself, and have a much different understanding of the situation.
Basically, Im saving you from yourself.
You can thank me later. <
I understand everything I need to: My countries economy is reliant on ONE SINGLE BANK.
this is NOT inflationary
Lol. Of course it isn't. The passed 10 years have been inflationary. No longer, though.
Mervyn King warns Gordon Brown to stop spending
The Governor of the Bank of England laid bare tensions between Gordon Brown and the Treasury yesterday by warning that Britain could not afford a second economic stimulus in the Budget.
Mervyn King threw caution to the wind as he sided with Alistair Darling and the CBI against Downing Street in raising strong doubts over any prospect of another round of
the govts go nuts about "whatever it takes to create growth and the jobs"
now eher is my 2 cents to reply:
1) what growth are they talking about ? nominal growth (when we sell one item at 10x price) or real growth (when we sell 10x more items at the same price as before)
Govts can't do the latter by printing money, all they do is the nominal growth which is BS from my point of view
2) with ever increasing productivity do we really need more jobs ? Imagine everything is so highly automated and in robotics mode that all cars we need for the next 10 years are produced by robots operated by a dozen of engeneers. Do we need to hire more engeneers to overproduce ? If you got a magic box that produces out of thin air every item you need is there any reason to work except for pleasure maybe ?
We do work to produce and enjoy the fruits, we do not work just for the purpose of paying taxes to our govts
So in all our leaders don't see and don't understand what this crisis is about.
Czechs are right!
We're on the express elevator to Hell, GOIN DOWN!
> Chris_Balsz wrote:
> Czechs are right!
We're on the express elevator to Hell, GOIN DOWN!>
Yup, and you're going down too.
ahhh Fokker..... Its all a joke. 
ok.
I guess Im the one who doesnt understand the......... joke.
I guess thats the back door out of the round room ?
As for Peace you must remember "A bad peace is worst than a good war". Take Korea for example. Former Pre. Carter and Former Pres. Clinton created the current situation in Korea with a bad peace. As for the dollar. This is a coordinated by the Dems (Commies) to destroy the financial institution of the U. S. and force more Government control which is against the Law of the land (Constitution). Oh no, now the Government has written proof tha I meet 1 of their critiera for being ID'd as a gun toting, Constitution loving, Government bashing, Militia member, DOMESTIC TERRORIST. The U. S. Constituation states "Congress is authorized to coin money" so your paper money is counterfiet anyway, and has as much value and leagal standing as Monopoly money.
All of our economic problems are caused by the U. S. Government. The Fed's have illegally confisicated lands to prevent us from drilling, hunting, and building ect. The law (Constitution) states that the Fed. Gove is allowed to own ports and forts necessary for the defense of the nation, the seat of Govt. and the 10sq miles sorrounging it. That the Whitehouse and Wachington D. C. The Fed. Govt. has taken away States rights to make decisions concerning what to do with the land. The Fed Govt. has taken control of our ED. system which is also against the constitution. The Fed. has no authority given it in the Constitution concerning the education of the people exept to say that everyone has a right to become educated. Again this is a State right that has been taken away. There is much more and I would be happy to continue but ou of time.
> Black_Wing wrote:
> ahhh Fokker..... Its all a joke. ok.
I guess Im the one who doesnt understand the......... joke.
I guess thats the back door out of the round room ? <
Wait a minute...
...do you think you won something?
Won ??
Bonehead.
With reference to BW's crock-theory that the Chinese NEED more than the $700B worth of U.S treasury bonds that they already own otherwise the yuan would be worthless - I know of no intelligent economist (the kind that are actually in the markets and make $$ aka Marc Faber, Jim Rogers, Soros...etc.) who think this is the case.
In fact the consensus among -profitable- investment talent is that if the Chinese were to remove the dollar peg and float the yuan completely, it would appreciate significantly against the U.S dollar. The world buys from China, it has strongly positive trade surpluses and is backed by massive foreign reserves - only an economic or investment amateur would believe such a country's currency has little or no worth. Good luck and better get on with your purchases of U.S treasury bonds soon as its obviously denominated in a strongly-backed currency.
Hillary Clinton has recently made a trip to China to convince them to effectively finance Obama's gargantuan stimulus plan using their reserves to continue buying the flood of U.S Treasury bills being issued. Personally I think U.S "industry" is a write-off (aka physical therapists, lawyers and financial derivative peddlers) and needs to be allowed to fail so that it can be started from scratch again.
China only has to write off its $700B and choose not to commit any more to what appears to be a failed investment.
China isn't about to go buying US treasuries like it did in the past. Not any more, it won't. It'll be buying as few of them as is necessary to depreciate their currency. LOL, the irony!
Float the Yuan completely.....
Then you say "it will appreciate significantly".....yea.....thats the point
But, then you say thats its backed by trade surplus and foreign reserves....... Its what keeps it from inflating into the stratosphere.....yea?
Hillary was in China ? to talk about a global currency maybe....like a good socialist ?
the point ... Tavius ... Is that you think the Yuan can support itself?
Why dont you back that up ?? What is it that make the Chinese Yuan such a stable Currency ?
I think you for sure are confusing a strong currency with one that appreciates. A strong currency is one that is stable.
Yen, US Dollar, Euro and British Pound Sterling.
I would rather own a bucket of Ausie Dollars or maybe.....MAYBE even Canadian Dollars than Yuan.
But.... I will entertain your comments.
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