Posted on 04/02/2023 3:28:15 PM PDT by Its All Over Except ...
China is selling US treasuries at a wicked fast rate. Hell is apparently coming to breakfast. Biden’s America.
Where do you think “good” cell phones are made?
Wherever anyone wants. China benefitted by a compliant, cheap workforce, and has learned quite a bit, but they didn’t design the phones or the equipment to make them. If we pull out now, and end their piracy, China will be as famous for quality goods as Turkey or Argentina.
Better than mean tweets
So what happens to all those billions and billions of dollars that aren’t needed over there?
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When there are more dollars in the U.S., people use them to buy things, and prices rise.
The Saudis hold billions upon billions of U.S. dollars and there is no upside for them in devaluing or crashing the dollar.
They certainly are not going to convert their dollars to yuans.
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Suppose they believe the dollar will end in 2053. They would want to sell them gradually.
Right, more and more dollars chasing fewer goods. And then exchange rate losses, if the shoe is on the other foot. What if say, Brazil no longer uses dollars for their coffee exports?
Somehow there has been an avoidance of several decades of monetary inflation pressure here at home. I’m not smart enough to know when it blows up, but it is likely to be epic. Probably some combination of “if you have to ask you can’t afford it” or with some imports “not to be had at any price”. I’m sure our fearless leaders will be fine in their underground bunkers.
How do I buy into those currencies?
To who?
This article misses the most important aspect of the petro dollar: The Saudis would take those dollars and buy treasuries. THAT is what kept the dollar the king of the hill.
Have these countries started buying China or Russia bonds?
Xxxxx
You said it all right there
Frankly speaking, I know nothing about the quality of stuff made in Argentina, but Turkish manufactured good are on average of very high quality.
Regarding China, the quality of their products depends on the price you are paying. If you want a chair for $2 you’d get it, the quality would be according to a price.
I have to idea how you are going to stop piracy.
Regarding smartphones, check out Oppo. I have their at the time OPPO Find X3, my wife has IPhone 12. Mine is more technologically advanced. It even has a microscope in it.
Only the idiots are buying the US bonds right now.
Russia and China are dumping them, Saudis invest the minimal sums over the last 7 years.
I don't think you know what a personal attack is.
I said he was hawking gold and quoted his solicitation from the piece.
If you think that's an attack I'm not sure what to say.
The trend isn’t great, but I see no reason or the Anti-American establishment here to being celebrating on America’s demise quite yet.
It’s going to the Yaun, it will take a couple more years. Biden just f***ked it up with Saudi Arabia. Who doesn’t he do that with, although it’s really Obama. Never let a foreigner be over you.
We shall see.
Though I completely agree about Biden.
In the matter of “petro” dollars, trading money for oil, I don’t think the oil producers will trust China.
You can trade FX pretty easily. Call it investing if you will. TD ameritrade is one, I have accounts with multiple brokers, in and out of the US.
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