Jump to content
House Price Crash Forum
ralphmalph

Helicopter Ben Wins

Recommended Posts

The Chinese have already won, the US have ditched their production and jobs and swapped them for a series of financial bubbles driven by the fed.

Now the Chinese can throw the shit back that they never really wanted but suited their purpose in letting the US strangle themselves financially.

Share this post


Link to post
Share on other sites

The Chinese are one of the main holders of US debt. They can't be too happy that all the stuff they sold them cheap which they then used the money to buy US debt with has is going to devaluing the as the US dollar devalues against the Renminbi.

Share this post


Link to post
Share on other sites

The Chinese are one of the main holders of US debt. They can't be too happy that all the stuff they sold them cheap which they then used the money to buy US debt with has is going to devaluing the as the US dollar devalues against the Renminbi.

Not ideal, but all accounted for in the Chinese strategy. You have to take some fire to win a war.

Share this post


Link to post
Share on other sites

The Chinese are one of the main holders of US debt. They can't be too happy that all the stuff they sold them cheap which they then used the money to buy US debt with has is going to devaluing the as the US dollar devalues against the Renminbi.

doesn't really matter does it, they spent the dollars they wanted to spend, the rest they have no real use for so lent it to the yanks to buy more TVs. It's just a game of swap really.

If the dollar devalues the yanks end up like the Chinese and the Chinese borrow money from the yanks. (tbh can't see that happening, the dollar would have to devalue a lot)

but then the yanks are never going to pay back their debt so what does it matter, they are just renting a few zeros.

Share this post


Link to post
Share on other sites

I do enjoy sometimes reading the outright praise of the Chinese on here. They're just playing the same game of manipulate and fudge the numbers.

Besides that I wouldn't want to live in a country who's main competitive edge is to promise no oversight to big business whatsoever.

If you rank polluting at will, complete disregard to health and safety and murdering thousands of dissidents for daring to question any of this then your welcome to it. It's neither innovative nor sustainable.

Edited by sundance_kid

Share this post


Link to post
Share on other sites

doesn't really matter does it, they spent the dollars they wanted to spend, the rest they have no real use for so lent it to the yanks to buy more TVs. It's just a game of swap really.

If the dollar devalues the yanks end up like the Chinese and the Chinese borrow money from the yanks. (tbh can't see that happening, the dollar would have to devalue a lot)

but then the yanks are never going to pay back their debt so what does it matter, they are just renting a few zeros.

Ignore the money, it is meaningless and worthless, just like the GDP growth that the us and uk have chased - not worth a shit. The chinese have got what they wanted. Time to bury the hatchet in the cranium(s) of the victim(s).

Share this post


Link to post
Share on other sites

I do enjoy sometimes reading the outright praise of the Chinese on here. They're just playing the same game of manipulate and fudge the numbers.

Besides that I wouldn't want to live in a country who's main competitive edge is to promise no oversight to big business whatsoever.

If you rank polluting at will, complete disregard to health and safety and murdering thousands of dissidents for daring to question any of this then your welcome to it. It's neither innovative nor sustainable.

+ 1

Share this post


Link to post
Share on other sites

The problem is inflation has been let loose in the entire global financial system, putting this genie back in the bottle is going to be very difficult. It will probably need global cooperation or total collapse, so it's more likely total collapse is coming.

Share this post


Link to post
Share on other sites

Those goods from China are going to get dearer.

Yah ! China doesn't manufacture anything anyone actually needs or can't be produced elsewhere at short notice.

Edited by Alan B'Stard MP

Share this post


Link to post
Share on other sites

Ignore the money, it is meaningless and worthless, just like the GDP growth that the us and uk have chased - not worth a shit. The chinese have got what they wanted. Time to bury the hatchet in the cranium(s) of the victim(s).

Do you think that our Chinese friends have just put the US Dollars they have in a vault in order to bting them out when required ? No,they have been buying the world with Trillions of US dollars. They now own Africa and lots of Oz . They have been very wise in their dealings with US and even if there is a dollar devaluation the chinese have converted their dollars into industries and properties worldwide . If the Renmimbi is revalued it will make their purchase of the entire world that little bit cheaper . Unless of course China just co;;apses in on itself as it has gone too far too fast .

Share this post


Link to post
Share on other sites

I am a little surprised the attached story has not got more attention

http://www.bloomberg.com/news/2011-04-19/sinopec-halts-fuel-exports-on-shortage-as-refiners-make-loss-1-.html

http://online.wsj.com/article/SB10001424052748703922504576272542123032296.html

In the end it is going to come down to who has access to the mosr

t energy not who has the most money

Edited by stormymonday_2011

Share this post


Link to post
Share on other sites

I am a little surprised the attached story has not got more attention

http://www.bloomberg.com/news/2011-04-19/sinopec-halts-fuel-exports-on-shortage-as-refiners-make-loss-1-.html

http://online.wsj.com/article/SB10001424052748703922504576272542123032296.html

In the end it is going to come down to who has access to the mosr

t energy not who has the most money

Not just oil - access to all commodities is key.

Share this post


Link to post
Share on other sites

Do you think that our Chinese friends have just put the US Dollars they have in a vault in order to bting them out when required ? No,they have been buying the world with Trillions of US dollars. They now own Africa and lots of Oz . They have been very wise in their dealings with US and even if there is a dollar devaluation the chinese have converted their dollars into industries and properties worldwide . If the Renmimbi is revalued it will make their purchase of the entire world that little bit cheaper . Unless of course China just co;;apses in on itself as it has gone too far too fast .

Maybe they got fooled by some twigs in a vase and completely overpaid. I expect their politburo is not as wise as you expect.

Share this post


Link to post
Share on other sites

I think a rising yuan, if done in a controlled steady fashion.. will be good for America and China. One of the advantages of huge printing by the fed is it will force other nations like China off the dollar peg. (The alternative is China stays on the same peg, but has to come up with real goods for printed American dollars).

America actually has the potential to be an export powerhouse, if its currency was not valued so highly. Its at the super high end, like computer chips and passenger planes. And also at the low end with commodities and food. Which America is and always has been shockingly efficient at producing.

For the Chinese people a higher yuan would give them more real buying power in things like food and energy. And it would weaken some of their export industry, but the reality is China's economy is becoming more and more inward focused.

Share this post


Link to post
Share on other sites

Maybe they got fooled by some twigs in a vase and completely overpaid. I expect their politburo is not as wise as you expect.

They are up to their necks in sh!tty financial instruments, read Traders, Guns and Money.

Share this post


Link to post
Share on other sites

I think a rising yuan, if done in a controlled steady fashion.. will be good for America and China. One of the advantages of huge printing by the fed is it will force other nations like China off the dollar peg. (The alternative is China stays on the same peg, but has to come up with real goods for printed American dollars).

America actually has the potential to be an export powerhouse, if its currency was not valued so highly. Its at the super high end, like computer chips and passenger planes. And also at the low end with commodities and food. Which America is and always has been shockingly efficient at producing.

For the Chinese people a higher yuan would give them more real buying power in things like food and energy. And it would weaken some of their export industry, but the reality is China's economy is becoming more and more inward focused.

Yup, it comes down needing balance.

China volunteered to make everything on the cheap and we reaped the benefits. Arguably, much of it was tat that we didn't need, but if they were going to make it at slave labour rates...

Now China has their factories, full of poor workers. What are they going to do next? That strategy not only has a limited shelf life, but is also gross malinvestment. We may have lost some low paid jobs, but they have gained too many. They're are simply making more stuff than the rest of the world can pay for; they even loaned us money to keep it going for a while, which was just encouraged even more malinvestment.

Share this post


Link to post
Share on other sites

Yup, it comes down needing balance.

China volunteered to make everything on the cheap and we reaped the benefits. Arguably, much of it was tat that we didn't need, but if they were going to make it at slave labour rates...

Now China has their factories, full of poor workers. What are they going to do next? That strategy not only has a limited shelf life, but is also gross malinvestment. We may have lost some low paid jobs, but they have gained too many. They're are simply making more stuff than the rest of the world can pay for; they even loaned us money to keep it going for a while, which was just encouraged even more malinvestment.

Yes when it gets to the point that they had to lend us money to buy more of their stuff.. that is when it has to end. Japan and Germany really never learned that lesson.

China however did, and shocked a lot of people how quickly it re-oriented its economy after the economic crisis in 2008. The premier of China, Wen Jiabao has been talking since then about how the long term plan is to drive consumer spending within China. To do that he needs to have the mass of Chinese people gaining real disposable income.

Share this post


Link to post
Share on other sites

China however did, and shocked a lot of people how quickly it re-oriented its economy after the economic crisis in 2008.

I am shocked by that, because I haven't even noticed it has happened. Could you explain how the economy has been reoriented in greater detail?

Share this post


Link to post
Share on other sites

Not ideal, but all accounted for in the Chinese strategy. You have to take some fire to win a war.

What 'war' ? when the west crashes Chinas manufacturing will be left idle and there will be 100 million more unemployed in China.

Yeah they played their cards right , whatever :lol:

Share this post


Link to post
Share on other sites

What 'war' ? when the west crashes Chinas manufacturing will be left idle and there will be 100 million more unemployed in China.

Yeah they played their cards right , whatever :lol:

100 million can go back to the farm where they came from last year or 5 or 10 years ago.

And here in the UK an extra 2 or 3 million can also go back to the farm....no that doesn't work does it?

Share this post


Link to post
Share on other sites

100 million can go back to the farm where they came from last year or 5 or 10 years ago.

And here in the UK an extra 2 or 3 million can also go back to the farm....no that doesn't work does it?

In the UK, the extra 2 or 3 million will get jobs in factories again. I think many would appreciate that too.

Maybe the Chinese will return to the land, but I don't think that is what they would call progress. I would imagine that they would want to push into higher tech industries, but for this, they need a highly educated work force - people who can put tops on pens, isn't going to cut it.

Share this post


Link to post
Share on other sites

people who can put tops on pens, isn't going to cut it.

Which is why they may take the conscription option and invade somebody

Taiwan ~ reunification

Kazakhstan ~ oil/cotton and food

North Korea ~ as an 'anti axis of evil operation'

Mongolia ~ Coal oil, bauxite.

To distract the public route. Sure sure they may have inferior weapons to western powers but they've got lots of them and life is incredibly cheap. I remember a quote from the CCP about the massive recent earthquakes in China. It didn't bother the CCP party much as the 40,000 (or was it 400,000) deaths were but a drop in the ocean of expendable people they have.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.