Somethings about to happen.................
Oh-oh! Here we go!
If I were short the dollar, I'd consider covering on news like that...
Since the yuan is pegged to the dollar I don't think that's going to help.
The Chinese announcer forgot to add: “and as you do you will raise the value of the Yuan to the point you will kill your imports in the US, which are the basis for your rising economy.”
Until it gets that bad, because the majority of the mainland Chinese exports are for foreign owned companies and because a big portion of them are for US company-owned plants in China, the gradually lowering sale figures, by units sold, in exports to the US will earn more dollars per unit, not less, and will be reflected as such on the books of the US companies.
Currency values are not zero sum items.
I also see a pattern in recent history, Korea, Vietnam, Afghanistan, all with trails leading back behind the bamboo curtain, always using a puppet to do the fighting
sorry, but I'm getting paranoid, China controls international shipping, so they have a trojan horse delivery system in place.
Cosco is just the commercial facade of the Chinese navy
This is just a typical appeal to nationalism. They are telling their people that China is great and that US dominance is weakening.
The only place you won't here such nationalistic comments is in the US media, because they hate their own country.
What gives?
Dollar has already demonstrated a “double” or “W” bottom this week. Expect it to really further against the Pound and Aussie dollar in the coming weeks, and against the Euro (though not as much).
I’d take a wild guess and suppose that most Chinese citizens “eating lunch” don’t have access to an international bank that specializes in currency exchange. Even if they did, is the average Chinese sophisticated enough to exchange dollars and pick the “right” choice - yen, euros, panda gold bullion or tulip bulbs. And what’s the rate exchange cost that the bank charges? (That cost might wipe out any gains made) And does the average chinese citizen have enough dollar cash laying around to make the conversion worthwhile?
I’d just continue eating lunch if I were a Chinese man or woman, and worry more about whether puppy tails are in my Guangdong dumplings.
Dump the products “made in China.”
So they don't censor all truthful news?
It is happening...Are you going to be ready? Are the free traitors and Crapitalists ready?
What’s about to happen is we are about to destroy terrorism in iraq and declare complete victory. The rest of the world is angry and scared that we are so capable in military efforts and are attempting to punish us for it.
When you’re king of the hill, everyone tries to knock you down. It’s much easier to attack the king than it is to be the king.
That’s a really intelligent statement. These godless (brainless) commies fail to remember that they are one of the biggest holders of T-bonds. Causing a run on the US$ will only ensure their financial ruin.
Really bright.
Well, the people in China have learned NOT to do what the government tells them. They should have told the Chinese people NOT to sell the dollar, then it would have gone down like lead on a sinker.
bttt
We are in some very interesting times.
chicom bump