and gas prices went up immediatly after the election--b--
Tin-foil hat scare tactics-Just monday the conservative
talk show bloviators said the economy was chugging right along, now this is worldwide confidence eroding in our Quasi-french we cant surrender fast enough gubbermint?
chicoms will now be pressured to stop holding down the value of their currency. WalMart will reduce purchases as other Nations goods will become cheaper etc.
LLS
When they decide the bill is due and payable, ...
This is perhaps the most mealy-mouthed, non-committal, all-bases-covered financial quote I've read in a while, and that's saying something. Does it have any content or meaning whatsoever?
and gas prices went up immediatly after the electionThank God with your folks now in power the "housing bubble bursting" will go away--Houdini-style.
Uh oh, this isn't good.
This is not new news as they have been jawboning about this for months for it would take some time to implement such a plan and the Chinese do nothing in short order (central planning mentality).
The threat is not the diversification away from USD as markets will adjust if economic conditions warrant.
The real threat is if and when they decide to bail on US Bonds, of which they are the second largest holder behind Japan. This would cause havoc in all markets.
When they do, you know they're getting ready to move on Taiwan.
Didn't take long for the Chinese to tell the new Congress what to do.
Let "diversify" our accounts with China with some tarrifs to price China out of our market.
Bastards.
Everything is down. Even gold. Could be the start of a Democrat recession.
PS the dollar broke down below .85 (a very important number)...but not without a fight. If the USD holds below .85 the next stop will be .80, a hugely important number. If the USD breaks below that, $1650 gold will be here in no time.
Why would the Chinese waste their precious foreign reserves on that barbaric relic?
Everyone knows that the North Koreans and others have been busy counterfeiting gold by the bushel basket!
The Chinese will sensibly keep their assets in greenbacks, and maybe add a little more Euros and yen, for the sake of diversication, always a wise plan with paper assets.
Nobody smart would want to own gold - ask the experts!
Their little nuggets of wisdom are sure to appear on this thread. I know I've learned a lot about why to not own gold right here on FR.
Which nation produces oil & gas, produces gold, has large foreign currency reserves.... AND would benefit most from USD being dislodged as the world's top reserve currency? With it being replaced by gold and the Euro.
I have a simplistic question:
Where are they going to go? The Euro?
I can see going to the Yen, but beyond that, where?