Gary A

Bill Gross: Fed on Hold Through 2010

My prediction of Chinese capital restraints for hot money has now become close to reality as it has been reported that the Chinese are considering the restraints.

And if the Chinese revalue their currency up that would play into the hot money play. This is just a scam from Wall Street hot money to get these assets to be worth even more.

Hot Money, Hot Commodities and the US Dollar Carry Trade Part 1

China wants to limit hot money. It isn't capitalism. It is an artificial bubble based upon artificially low interest rates in the US. Hot money is mercantilism, not capitalism.

The Unbearable Pain of 0.01%

At least he is preserving his capital. I think the little guy should preserve capital because the game is rigged.


On Nov 20 12:39 AM Moon Kil Woong wrote:

> He is not making 0.01% on his money. He is making -14% taking into
> account currency depreciation. Ouch...

Velocity of U.S. Money Supply Is Finally Edging Up

The m1 multiplier is still declining. What does the author say to this: research.stlouisfed.or...

Why Krugman Is Wrong About the Yuan

You will kill the US consumer if this game continues. Then that asset inflation will kill the US and world economies. I suggest that China will stop the hot money from Wall Street casino from jacking up their assets. Time to play hardball with Wall Street. Looks like the Saudis are playing hard ball with speculation as well. Too bad our leaders aren't as patriotic.

You are assuming that there are consumers in the world as dedicated to shopping as US consumers. You are wrong. And I am not advocating new US consumer debt, just more real money in their pockets.


On Nov 20 09:20 AM Tetrapod wrote:

> I keep hearing people say that the US has nothing to export.
> The US (as of 2008) is the 3rd largest exporter in the world:
> 1) Germany $1,466,137,472
> 2) China $1,428,686,080
> 3) USA $1,299,898,880
> 4) Japan $781,412,160
> Our exports are still only 10% lower than China's.
> If China's currency manipulation is ended, millions of jobs will
> return to the USA, and we will be buying capital equipment from China's
> bloated manufacturing infrastructure at a fraction of their cost,
> as manufacturing is repatriated.
> The US Administration is playing this correctly, forcing the dollar
> down in a big game of Chicken, until China is forced to drop or loosen
> their peg.

Why Krugman Is Wrong About the Yuan

Credit cards, lol. And usurious ones too!


On Nov 20 12:19 PM waf76 wrote:

> I have to agree with this article. Besides war, what does the US
> export?

Why Krugman Is Wrong About the Yuan

But a stronger dollar puts more money in the strapped US consumer's pockets. That is crucial to world recovery. Not a debt laden consumer, but a consumer with more purchasing power is the answer. Obama doesn't get it.


On Nov 20 01:38 PM user396040 wrote:

> I strongly disagree. A strong dollar makes it harder for US companies
> to export and compete against imports, discourages foreign tourism,
> and makes it harder to pay back dollar denominated debt. We need
> to get this country working again. There are all sorts of products
> and services we can and do export - high tech, food, etc. etc. In
> the long run, we must improve our balance of payments situation and
> it is impossible to do so at current exchange rates.

Why Krugman Is Wrong About the Yuan

Fox Business News and Cavuto are doing the same thing. Sour grapes from all these losers.


On Nov 20 01:51 PM mna wrote:

> Krugman is just parroting the official democrat position. Just know
> the political motives behind his comments and you'll be fine. It's
> fine to point the fingers at China, because we avoid having to point
> the finger at ourselves.
>
> That said, I do think the Yuan needs to be appreciated. It's actually
> in the interest of the Chinese to see it rise. A rising Yuan will
> do 2 things:
> 1) shut the American public up
> 2) increase their relative wealth in the world
>
> What it will NOT do, is decrease the trade deficit appreciably.
> It didn't work for Japanese deficit (think plaza accord), and it
> won't work for the Chinese deficit. When the Chinese do appreciate
> the Yuan, and the trade surplus doesn't get any smaller as so many
> predicted, the light bulb will finally come on. The average American
> will not have anyone to blame but themselves anymore. Then maybe
> we'll get some real fixes to the system.

Why Krugman Is Wrong About the Yuan

America and Wall Street want to export credit cards. That is why the Chinese know that their people will not go overboard in debt. That is why China knows that Wall Street and the US government are a threat to their export driven economy.

I am not for massive American debt either, but a stronger dollar would put more money into the pockets of Americans. That is crucial. Larry Summers, by driving the dollar down is destroying the golden goose of world prosperity, the US consumer.

Don't lean on the Chinese to consume away US problems. If they are smart they won't do it.


On Nov 20 02:41 PM Dragoman wrote:

> Great to hear that Vietnam can produce cheaper than China!
> It's seems like kicking a handicapped kid to point out that Christmas
> inventory was already priced and done so in dollars i.e. guess to
> takes the currency hit? Beyond that, the US doesn't export anything?
> Really? Someone please call the World Bank / IMF and tell them their
> stats are all wrong..
> Basically I-phones are nice, but I'm not sure that the Chinese government
> manipulating their currency is winning much support among the US
> manufacturers servicing the construction sector - which was a bit
> larger than the market for mobile phones when I last looked - and
> has been slogged by cheap but contaminated Chinese product.
> The reasons cited by Mr. Rein are the reasons why the US is in facing
> the trade crisis it is facing today. A policy of 'consume-or-die'
> is not the only option, and continuing a policy of exporting their
> personal wealth to China is understandably something American voters
> might not wish to continue.
> If China doesn't agree to float the yuan, then maybe a gradual depreciation
> of the dollar would clarify the situation, having at once the gratifying
> effect of improving the competitiveness of American products on foreign
> markets at the expense of China's national reserves.

Why Krugman Is Wrong About the Yuan

You don't get it. Americans cannot afford asset inflation. This is average Joe propaganda and I am all for it. I hope Wall Street chokes on the fact that China is also likely to stop the Wall Street hot money from pumping up their assets as well.

This world must fight asset inflation. And if that means killing Wall Street then so be it!


On Nov 20 06:37 AM BigBadBarry wrote:

> This almost sounds like Chinese Government propaganda to me...

If U.S. Stopped Issuing Treasuries, Would It Go Broke?

I would rather see us default on what we owe the Fed than on what we owe China. Then we could just show the Fed the door and hope it doesn't hit them on the backside as they walk through it.


On Nov 20 12:54 PM Jeff Nielson wrote:

> Edward, the only thing "missing" in your article is to extend the
> reasoning slightly further - and to fully explain this scam.
>
> Yes there is NO benefit to the American public for the government
> to BORROW the paper called "money" from the private bankers of the
> Federal Reserve. However, there is a HUGE incentive for these private
> bankers to continue this scam.
>
> The U.S. government now "owes" the Federal Reserve over $4 TRILLION
> for doing NOTHING except printing money - with the annual INTEREST
> alone which the Fed takes in from this scam at roughly $200 BILLION.
>
>
> Indeed, one way for the U.S. to combat its massive insolvency (CAUSED
> by the reckless policies of the Fed) would be to simply RENOUNCE
> ALL DEBTS owed to the Federal Reserve.
>
> There can be no possible justification for paying these banksters
> $4 trillion for nothing more than ink on paper (plus the hundreds
> of BILLIONS in annual interest). And unlike the foreign governments
> which hold TRILLIONS in U.S. debt, there would be NO repercussions
> for renouncing debts owed to the Fed.
>
> Remember that the Fed "owns" no assets of its own - except for the
> U.S. Treasuries which it has "misappropriated" (i.e. stolen) from
> the American people. This means there is NOTHING "backing" money
> printed by the Fed - meaning that the American people have LITERALLY
> received NOTHING of value in return for their $4 trillion of debt.
>
>
> It is a LEGALLY unenforceable contract - because there has been no
> "consideration" provided for these trillions.

The Oil Casino: SEC Heading for Monte Carlo, Part I

The author is saying that you don't have to drill a real well to have a reserve. Funny, weren't AAA cdo's formulated on models? Why do we keep going back to models? Why not try to cope with the real world for a change? Sheesh!

The Slippery Truth About Oil Price

But so does the right. Neocons are in bed with the mercantile bankers. This playing favorites is fascist and leftist. It is Hitler and Hamilton.


On Nov 20 09:49 AM Brandon211 wrote:

> Folks should really use "leftist" rather than "liberal." A liberal
> is a person who believes in freedom. What you guys are referring
> to is a "leftist." A leftist is a person who worships the state like
> a mindless sheep.

The Slippery Truth About Oil Price

Amazing, the Saudis and the Chinese are helping the American consumer fight massive asset speculation and appreciation. That makes the Saudis and Chinese more patriotic than our own Larry Summers!!!! hubpages.com/hub/The-R...

More Good News for U.S. Exports

Yeah, China is setting up to be able to export back to the US. Of course, when they find out that the US consumer is dead in the water, they will be very disappointed. Larry Summers is trying to export credit cards to China and could care less about the US consumer. Should set up for an interesting and disappointing future!

There Beach guy. I said doom and gloom as cheerfully as I could!