Meanwhile, Xia Bin, a member of the monetary policy committee of the central bank, said on Tuesday that 1 trillion U.S. dollars would be sufficient. He added that China should invest its foreign exchange reserves more strategically, using them to acquire resources and technology needed for the real economy.
Sooner or later -- when the Chinese are convinced that the Fed is determined to crash the dollar -- they will spend their reserves doing what we've always wanted them to: by buying U.S. products.
And the trade-deficit-fearing populace will cheer. But that flood of dollars returning to the country will be the spark that triggers the widespread inflation we've only, up till now, seen in food and energy.
The Federal Reserve has maneuvered us into a position where we lose no matter what happens.
Some of the headlines discussing what will be done with FOREX are, if not shocking, startling, and carry meanings the writers certainly never intended!
The Federal Reserve has maneuvered us into a position where we lose no matter what happens.
The unfortunate truth is that you are absolutely on the money. Arrg.
But, this is a favor. It is telling Congress, no you can't get anyone to borrow that next Trillion. So, cut now and cut hard.
soooo, does this mean they won’t lend us 1.6 trillion dollars.
BTW, for about four years, “journalists” have been sponsored to write free traitor propaganda stating that China’s crashing and will allow oil prices to fall. But China, India and other east Asian nations continue to increase manufacturing and drive oil prices up. And the dollar is still falling. The globalist house of cards is falling. Our USA is going to default. Big government needs a heavy manufacturing base for sustainable revenues. So tomorrow, there won’t be any big government for favored constituents to manipulate.
Many of us can look forward to tomorrow.
This would be a good time for America to “cap” Chinese imports.
Commence the trade war. Right now.
If not now, when?
Interesting. If China puts a credit limit on the US, the Congress won’t have to worry about raising our debt limit. The Chinese will do it for us, and those spendthrifts will have to live on the billions they coerce from their subjects.
That would be a whole new world.
The chinese buying/ US inflation has begun already with agricutural products.
Don’t we have some of our fine Senators over there right now? Or they were just there—what a coincidence!
As I posted on another thread, it is ironic that Easter Sunday is the day when the piper called to be paid.
Actually this means that interest rates are about to skyrocket to attract investors needed to buy up all of the debt. This of course will make the debt even larger, much quicker. We are in a death spiral and captain obama is not willing to pull up.
Then all of the satanic elites will own the world.
And pray, tell, what have we to sell them other than Boeing aircraft, intellectual property/patents and foodstuffs?
For the amount of surplus they’ve accumulated, we haven’t enough to sell them.
You’re already seeing inflation in foodstuffs in part due to the Chinese buying huge amounts of corn and beans.