Audacious Chinese question our Imperial Masters finger Fed

[wizardwatson]

How dare they!!

Those egg heads think they know more about our system than our beloved masters!

http://www.prisonplanet.com/china-bl...-currency.html

If inflating the currency had any part in all this I'm sure Hank would have mentioned it here in his speech today...

http://www.forbes.com/feeds/ap/2008/...ap5447812.html

Those silly Chinamen, I guess that's what being upside down all day does to you.

[lucius]

Published by the Chinese government; distributed to the financial sector; has a chapter about 'Colonel' Edward Mandell House: yep, chalk full of 'policy agenda', no um...'conspiracy theory.'


Currency War (a best seller in China) [ISBN: 9787508608686]

"6th printing in two months, sales breakthrough 100,000 copies, still in short supply, -- the book "Currency war" in the financial services sector has brought spotlight.

Song is not denying his view - all Chinese families should produce 3% -5% of revenue to purchase gold in kind, to add their wealth with insurance, because when real turbulence come, we can guarantee wealth, rather than any government-issued letter with notes. In fact, when the government trusted, issued currency is valuable, and when the government was not strong sense of trust, it will devalue the currency, or even worthless."
http://images.google.com/imgres?imgu...%3D2%26hl%3Den

[Bruno]

Wow:

China has previously threatened to liquidate its vast holding of US treasuries, amounting to $1.33 trillion, if Washington imposes trade sanctions to force a yuan revaluation. The Communist power has also repeatedly expressed its anger at the Fed’s indifference to the weakening dollar. If China were to dump the dollar it would likely set in motion a chain of events that would lead to a collapse of the greenback.

[jon_perez]

The Communist power has also repeatedly expressed its anger at the Fed’s indifference to the weakening dollar. If China were to dump the dollar it would likely set in motion a chain of events that would lead to a collapse of the greenback.

What many don't realize is that the above is as striking an example of free market forces at work than anything you could come up with!

The entire planet is now a single globalized market . The US finds it hard to cheat and cannot go against market forces because it can and will be punished.

[jon_perez]

From the link:

"On Wednesday, China’s official People’s Daily newspaper, the voice of the ruling Communist party, said that the US had unleashed economic “weapons of mass destruction” and set off a “financial tsunami” by allowing Wall Street lenders to trade in subprime debts and unstable financial derivatives"

And yet it is these same people who bought Fannie and Freddie debt and made veiled threats if the Treasury did not intervene to rescue the two!! Nothing but scapegoating... I'm afraid...