User 142738

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98 Comments

    • Thu Feb 14th 11:17 AM | Rating: 0 0
      Commented on:
      Book Review: Jim Rogers' "A Bull in China"
      No; the Hong Kong dollar is fully convertible into U.S. dollars because it's both pegged to and backed by U.S. dollars. The Chinese money regime applies to all currencies, not just the U.S. dollar.
      View article »
    • Tue Feb 12th 10:19 AM | Rating: 0 0
      Commented on:
      Chavez's Empty Threats
      I would like to congratulate you on finally saying what we're all thinking. After all, this guy's calling for the death of the U.S. dollar, but pegs his currency (with no backing by reserves) with the greenback!
      View article »
    • Mon Feb 11th 16:11 PM | Rating: 0 0
      Commented on:
      The Dollar, the Euro and Oil
      There isn't a single currency that has appreciated against oil. Not to mention that the largest mercantile exchanges have everything else priced in dollars...and for good reason: nearly all the commodities traded are either produced in either a NAFTA or CAFTA member, if not in the U.S. itself.
      View article »
    • Fri Feb 8th 15:08 PM | Rating: 0 0
      Commented on:
      Recession Fear and Dollar Loathing
      Amazing... all this mention of the problems in the U.S. subprime and banking problems, and you just sweep the myriad problems of the ECB right under the rug.

      I think George Soros started the (false) rumor that Gisele only accepts euros.
      View article »
    • Fri Feb 8th 13:31 PM | Rating: 0 0
      Commented on:
      China Security & Surveillance: Whitehorse Deal a Bullish Sign
      It's a fairly well-known fact that the Chinese government has its hands in every bit of economic wealth, but betting on a company called "China Security & Surveillance"? Please.

      If you want to make money on keeping the Chinese citizens downtrodden, just buy Cisco and Google stock.
      View article »
    • Fri Feb 8th 13:24 PM | Rating: 0 0
      Commented on:
      A Bull In China: Jim Rogers' Latest Book on China's Growing Importance
      Jim Rogers' book gives you a look into China from a penthouse suite in Hong Kong and offers you quick money, freshly printed from the government-controlled Chinese money presses. There's a reason why this hypocrite moved to Singapore instead.
      View article »
    • Thu Feb 7th 16:58 PM | Rating: 0 0
      Commented on:
      Does Anybody Care That Wheat Surpassed $10 A Bushel?
      As long as the U.S. manages the wheat/corn/cotton/etc. markets like Saudi Arabia manages the oil market, be prepared for higher prices. Outside of the NAFTA area, of course.
      View article »
    • Wed Feb 6th 09:11 AM | Rating: 0 0
      Commented on:
      Dollar Peg Doesn't Help Soaring Commodity Prices
      I think price controls are far more dangerous than printing more money. Take Zimbabwe, for example: they print money almost as fast as post-WWI Germany, but food shortages aren't caused by excess money; they're caused by government-subsidized price ceilings.

      Didn't the U.S. try this in the 1970's? Don't the leaders of China, Iran, and Venezuela have access to history books?
      View article »
    • Tue Feb 5th 09:21 AM | Rating: 0 0
      Commented on:
      Global Equity Market Caps: U.S. Loses Ground to China
      China is hellbent on photocopying the successes -- and shortcomings -- of the United States. They're rationing gasoline and fixing food prices in a futile 1970's-style inflation war.

      Also, the two-letter abbreviation for China is "CN"; "CH" is Switzerland. I was a bit confused.
      View article »
    • Mon Feb 4th 17:26 PM | Rating: 0 0
      Commented on:
      China, Volatility and the Winter Storm
      The state-controlled media in China always fabricates numbers. If you want to know the real numbers coming out, just multiply all the "bad" numbers by 10, and divide all the "good" numbers by 4. For example, if they make (pun intended) a statement saying that 60 people died in the storm, 80 trains are running, inflation's at 7%, and coal supplies are up 900 tons; the truth is that 600 people died in the storm, 20 trains are running, inflation's at 70%, and coal supplies are only up 225 tons.
      View article »
    • Sat Feb 2nd 21:31 PM | Rating: 0 0
      Commented on:
      Gold's Just Getting Started - Barron's Interview
      Based upon the historic data of the DJI, gold never traded at the same level (the Dow wasn't at $35 between 1900 and 1960). Just like the ECB and the Fed, it's only empty talk from bankers trying to manipulate their assets.

      Talk about "the pot calling the kettle black!"
      View article »
    • Fri Feb 1st 12:00 PM | Rating: 0 0
      Commented on:
      Anybody Seen Our Gold?
      The same thing could be said about the reserves in the Gold and Silver ETFs, as well as the cash reserves of China. If I haven't seen those, do they exist?
      View article »
    • Thu Jan 31st 20:32 PM | Rating: 0 0
      Commented on:
      Fed Cares More About Stock Market Than Inflation
      I must say: the recent actions by the Federal Reserve are almost mirroring what the Bank of Japan did when their housing bubble burst. Their currency had devalued about 33% since then (from an average USD 1 = JPY 90 to USD 1 = JPY 120), and the Nikkei hasn't really recovered.

      The question remains: which country's housing bubble will this apply to? The United States? Great Britain? Spain? France? Germany? Poland? Hong Kong? Taiwan? Indonesia? Singapore? (I could go on)
      View article »
    • Thu Jan 31st 13:58 PM | Rating: 0 0
      Commented on:
      The Dollar Crisis and Coming Gold Boom
      Name one U.S. online retailer demanding the euro instead of the dollar as payment. I heard the pound sterling is declining too; are U.K. online retailers demanding euros instead of pounds, too?

      Either you've found a merchant stupid enough to add a 2.5% overhead to accept a foreign currency, or you're lying outright.
      View article »
    • Wed Jan 30th 14:45 PM | Rating: 0 0
      Commented on:
      Picking Apart the WSJ's Manipulative Gold Reporting
      Where did you get the "24 times" figure? $930/oz. today divided by 24 equals $38.75/oz. at some point in the past, but the last gold standard price was at $42.22/oz.

      I've seen MySpace postings with less angst.
      View article »
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