Tuesday, February 9, 2010

Chinese inflation will destroy the USD

Call for Beijing to tolerate some inflation

The big risk in China today is inflation – not just because of the 2009 money blowout, but also thanks to secular demographic trends that are generating wage pressure.

Posted by sold 2 rent 1 @ 10:34 AM (937 views)
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7 thoughts on “Chinese inflation will destroy the USD

  • sold 2 rent 1 says:

    I found this article written a year ago that explains how chinese inflation will be exported all ove the world, once the deflation scare is over.
    The Chinese authorities will find it impossible to bring inflation under control without sacrificing the dollar
    http://www.marketoracle.co.uk/Article8320.html

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  • sold 2 rent 1 says:

    All the talk at the moment is about the sovereign debt crisis, but rampant inflation being exported from China is the next crisis on the horizon; and with this brings the gold/silver mania that normally goes with high inflation.

    After gold’s crash last week I revisited the Armstrong/Calleman’s model for my gold/silver peaks.

    It appears that Calleman’s model is much more complex than I first thought. This complexity stems from the disputed length of the universal cycle in 2011. Even Calleman can’t decide whether it is 260 or 234 days long.

    To cut a long story short I have a new date for the gold/silver peak. This date is mid-late May 2010, with 19 May being the most preferred date. The peak price of gold still stands at $2,200 and the peak price of silver (provided we get a colloidal silver revolution) is $200.

    This is my final prediction for gold/silver. If this date does not happen then I will officially quit the models and admit I was wrong.

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  • sold 2 rent 1 says:

    If you can’t read the article, type “call for beijing to tolerate some inflation” into Google

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  • cynicalsoothsayer says:

    Loosing faith?

    Gold rises on the fear of inflation, not the actuality of inflation. Much like house prices rise on the fear of being left behind, not the actuality of being priced out.

    If/when inflation kicks off we will be looking for high interest returns to cover the degradation of the value of the capital by inflation, but gold just sits there paying no interest and can only loose value as the bubble pops.

    Anyway, back to HPC. Seeing lots more property coming on the market up here in Edinburgh this week, and lots of reductions on existing listings. Anyone seeing similar?

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  • ………and again from me, US DOLLAR COLLAPSE.

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  • UK money supply growth in 10% pa
    China’s money supply growth is 30%+

    House price inflation in China is 20-30%. If you think UK had a house price bubble. Wait for China to blow.
    You would have never seen anything like this before.

    You heard it first here….

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  • “You heard it first here….”

    Not really. Been talked about for a while.

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