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OMG...what's going to happen to $ when oil pass $150. If we recall, the first round of oil pressured inflation was the 70s.... and cost of things rose and everything the US stirfried a war, another round of increase rose.... and now the it says its policy is to maintain a strong $.... people can only stomach full of lies....and their stomach are full and now spilling out and rejecting. So ?.... the $ fall further, bond holders will shy away.... but a weaken $ wont lower prices in US as cost are pushed up which mean export will not strenghten. MCC Smarts are getting popular now and used SUV will be like used Lincoln in 70s, .... no one wants them. It is not the cars that will consume as desperation will push technology discovery nearer.... Oil is needed to heat homes in winter. China and India need to step up nuclear energy. Automobile oil consumption is still low as perhaps about 4% of china population owns automotibles... wait till 10% own one...therefore a new technology must come...it just must...it had...only that the consumerism of it had not taken off yet...fuel cell....but that is still minute considering air fuel from increase air travel. This world is really messed up. The $ is beyond worthless really... in 1984, the $ was worth something like 15cents.... now? it should be beyond recognition.... It is about time to bring forth the ACU regime and China is in the position to chair that. Other regional currency regime may emerge as more are off loading. Poor Saudi, got licked holding on the $. Didn't i said few mths back to go long on gold? Its the only thing people will believe in next to the Yuan. |
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11/21/2007 6:03 pm |
'Surely sophisicated complex cross asset swap deals must have taken place with its friends across the world' right, Goldman hopefully, including some strategies to curb the irresponsible actions of hedge fund traders and their ilk and a little more transparency with World Bank, IMF decision making
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'Surely sophisicated complex cross asset swap deals must have taken place with its friends across the world' right, Goldman hopefully, including some strategies to curb the irresponsible actions of hedge fund traders and their ilk and a little more transparency with World Bank, IMF decision making
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11/21/2007 7:48 am |
Chinese Premier Wen Jiabao, currently visiting Singapore for the ASEAN + 3 (Korea, China and Japan) summit, said in an address to Singaporean businessmen on November 19, “The weak dollar has left China in a difficult position to maintain the value of its foreign currency reserve.” The premier added, “If the size of a foreign currency reserve is not big, there is no problem. But with the huge foreign reserve as China now has, how to effectively manage it becomes a critical problem.” A significant number of experts observe that this remark indicates that China might no longer adhere to its current dollar-based foreign currency policy, and sell dollars to buy more euro and yen.
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Chinese Premier Wen Jiabao, currently visiting Singapore for the ASEAN + 3 (Korea, China and Japan) summit, said in an address to Singaporean businessmen on November 19, “The weak dollar has left China in a difficult position to maintain the value of its foreign currency reserve.” The premier added, “If the size of a foreign currency reserve is not big, there is no problem. But with the huge foreign reserve as China now has, how to effectively manage it becomes a critical problem.” A significant number of experts observe that this remark indicates that China might no longer adhere to its current dollar-based foreign currency policy, and sell dollars to buy more euro and yen.
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Food for thought; At the end of September this year China’s dollar reserve reached 1.4336 trillion dollars. In China’s foreign reserve, the dollar comprises 75%, the euro 20%, and other currencies including yen 5%. If China officially announces its intention to ditch its dollar-based foreign currency policy, a chain reaction in the global economy because of a weaker dollar would be inevitable. A weaker dollar could lead to an outflow of foreign capital from the U.S. such as yen carry trade capital, resulting in the aggravation of the U.S. credit crisis recently caused by subprime mortgage financial problems. The spin-off for $US-pegged economies in the Asia Pacific region will be widespread- anyone remember what happened following the 'blood baht of 97'?
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11/20/2007 2:00 pm |
this will happen.. China now holds the paper that backs the RE in the US... and watch what happens.. you don't hear now, the US talking to china about human right, nor do you hear them asking china to change it's currency .. as a matter of fact the only thing it is doing now, is griping about the products china makes.. but yet it is still buying them.. and it does not have the industrial capacity to create anything to replace it.. so it's just talk... trying to appease the public.. but the ships are still pulling into the docks .. and the rest comes thru the back door of NAFTA... China Immigration will be taking place very soon... just remember how the door opened for the Japanese when they had all the money.. it will open even wider for China.. The US temper tandrums don't work anymore .. and it cried wolf one time too many and the bully stand.. has cost it it's integrity in the world community and had brought it more debt than it can bear and ... the oil business is now thinking AGAIN of changing over to the Euro.. and it will... becase the dollar is not stable.. and people are not going to loose money on what use to be yesterday... the world has changed... Bush was and is a fool.. that became the catylisis of America's decline .. trying his John Wayne moves that served to erode what was an america that had potential.. China will come and it will breath life it to much, but it will do so on it's terms.. not the US terms.. did you see when china stood with N Korea .. the N. Koreans did not back off N power until china asked it to.. and what did the US do... stepped in and paid the money that China negotiated for it to pay.. to save face.... it's more going on than people imagine.. did you also notice when the China president went on his world tour.. when he got back home .. Oil never ever went below $50 a BBL.. China made it's deals and the deal was.. if the rest can't pay the price they don't get the oil.. and china went on and made it's deals too with Angola.. and whom ever else it wanted to.. then the President went back home.. and there was nothing Bush could do but sit and whine and ask if he could borrow some more money. Then China stated publicly, they would be shifting some of their reserves to Gold and not as much into American Securities, and then the RE market began one hell of a tumble.. All those years of Americans going to other lands acting like they were king on the hill.. they were unaware that everyone like to knock the king off the hill and in time they will... and they have. but if it does not become a meeker country it will fall further and that's sad but .. I'm not the controller of it.. but most certainly I am an observer. Now China has it's problems and their problem are HUGE... they have a lot of money but they don't have enough money to lift all their people out of poverty, and establish a welfare system and a social security system.. and they are letting the few get richer while the masses are just money changes for the wealthy.. and that will become a problem bigger than China...and that is yet to be faced but it will come to be faced.. and that's when a hell storm will erupt inside of China. people in many regions have a quiet rage brewing and that's like a keg of kerosene.. waiting on a match.. and China's leaders know it.. they also know that big money is running many provinces.. thru bribes and corruption.. and they can't do much about it.. becase it's too wide spread and to try and fix it will only unemployed people and further add to the masses that are already pissed off. So that's in it's own strange way is a element of point reprieve for the US.. but the US has to atone itself with a different demeanor.. The US is needed .. as a example of what can be done.. but it has to transform itself in how it manages what it has done.. and become.. but you can bet.. when China money comes by boat and air.. they will bring with it conditions, and mindset changes and influence policy changes.. that's the cost of the deal... and it's a deal that neither the US nor China can pass up. it's a big baby that has been both eating like gluttons, and now it's time for both to be put on an aerobic program..
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11/20/2007 7:34 am |
good to hear you speak Al.... indeed people have short memories because their audience reject listening to history yet history repeats itself..... America? its up to its people and its system...that shaped its people.....its a wheeling dealing nation that is fast loosing friends and loosing its grip on $. The sun must set for a new sun to rise. The next president would have to stop the bleeding and the challenge is beyond repair. ...... America wanted to create the crystal ball that only itself can see but its own negative negative is fighting back as the world may have just woke up with each nation now knowing its right seat in this stage and knowing how to say NO NO NO.
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11/19/2007 2:24 pm |
when I point these things out people would be more driven to claim and try and tag me as racist to keep from looking at the facts.... but I'm not racist to see what of racism that has harmed and what has been this country's process.. and some may care to look with broader eyes to see what and how this country functions.. people are quick to forget.. that it is a country that is 500 years old, and only passed quality laws and put some level of enforcement to them in the past 40 years.. it was 1964 before the bills got passed,a and people were still being beat over the head in 1968.. and it was 1970 before schools became basically integrated.. and still in corporate america the glass ceiling is very high... and unreachable by a great many of the mass. Even some of the Asian that are in this country.. have very short memories.. they forget when they could not get employment in places, and even they get employment now days.. they have not tall enough ladders to reach the glass ceilings in corporate america with MBA or not.. they are not allowed to enter and surely not offered a seat at the table.. but many are happy to be able to shop and wear name tag clothing and drive expensive cars and run a corner shop.. that has more Asian and minority customers than universal customer.. in this city .. when I want to see Asian people.. I basically got to go to a Chinese restaurants, or to the Casino... it's really sad.. that such exist in the 21st century.. especially when the climate in the south is so much like China.. both of the hot weather, the falls, the cold winter and etc.. and rich for farming and such which has been a main staple of the rural Chinese and other Asian cultures. there are some who get in the medical field and a few other fields but some put themselves above the same minorities who fought hard for the right that all people of color could at least go into all place thru the front door instead of the back door. people forget so quickly so much..and then will put don those who fought to open doors for them to be seen as a equal person. go look back thru the civil rights movenments of the 60's and see how many Asian can you see in the crowd fighting along with to get equality. but they revel in having it so much so they even try and look down on the people who made that possible.. this is how screwed up american life is. People from India.. basically only had small motels.. scattered around the countryside.. but now they get let in and elevated mainly because their country has it's rep in tech.. but before 'their country" got that rep.. they were relegated to the lower rungs of things.. but people need to figure out what's what.. and see what things are .. but they .. only fragmented and adopted racism... when they entered these doors... and became more a part of the problem than the solutions... when that effort of solutions is what got them in the door. it's a mad house.
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11/19/2007 2:07 pm |
there are some in this site who can't face the decline of the American dollar and the american economy.. they attack anything that even prompts them to pay attention.. but that's people.. that's how america continue to fall.. the blind can't consider anything beyond their delusion of american the invincible.. and they are too unaware to know .. that Rome thought that, so did the British.. but where are they today.. the Great Egyptian empire rule, Mesopotamia ruled at one time, where is it today? but reality is it's one thing and some will find out far too late and some will deny it even when the gas lines form and the rations come and the soup lines snake along their neighborhoods.. that's how the people are today.. not to make it racist.. but the blacks, latin and american Indians, in america.. have been seeing it all along.. so the shock may be even less of an impact but more of the realism of the same.. but.. some can't see the spiral Bush set in motion and the man is a world destroyer and has made the world crazy.. trying to head off what was coming by thinking he could capture Iraq and secure the oil for america.. but it backfired.. instead he only made the process speed up.. and spiral out of controllable realms.. maybe the world could have adjusted differently but.. that same old.. I'll take what I want and the world can do nothing about it" mentality .. found it's match.. American cities are despaired and the employment picture is so bleek, Detriot is now considered the most crime filled city in the US.. becase America in it's effort to deny the sectors a share.. shipped off the Jobs and now it can't get them back.. this country is run by the same mindset that built this country through forced labor and mal treatment of people.. and now it's catching up with it.. and it has to face itself.. but it can't and won't... it will seek to blame anything and anyone except itself.. for all those years it thought it could use the Chinese for cheap labor.. but it never stopped to think.. that it was sending it's pennies to china which over time became dollars, and then over more time, china was the one holding the dollars.. and America has a hand full of pennies when everything now cost dollars.. so they borrow from the same one's they thought at one time they could buy cheap and use.. they thought they could build a nation that sits around and profit off the labor s of other sand just be a giant marketing and managment team.. but the world found it it could be it's own managment and marketing machine .... so now everything has changed.. it's like buying anything.. if you buy enough from someone .. they eventually will have all your money... but America was and is buying so much that it's buying now with borrowed money.. trying to maintain a delusion of eliteness .. at a very high interest rate on the borrowing debt that continues to mount.. but the reality is.. it can't stop borrowing or it will stall in it's tracks.. and if other country's raise their rates.. inflation will rip the bottom out of this economy.. they don't learn.. they are too arrogant to learn.. they thought they could always play their trump card.., but forgot that there are only so many trump cards in any deck...when the Arabs did their move in the 70's they raised the price of Gold and got twice the oil for half the money.. then when Japan did it move, they crashed the Real Estate market in the 80's and got their property back.. but now.. they have nothing to control.. they can't toss off the debt, they have bleed the value out of the Real estate and leveraged that.. and they are too backwards to have continued development in all the vast lands and they got too elite to continue to be a manufacturing country.. they did not want to get their hands dirty or pay minorities and women a share of the production earing so they shipped away the jobs and sued the delusion that labor cost was too high.. but they did not think so.. when that labor was mainly held by white males and no women and no minorities.. Slavery labor built this country strong, but trying to find devise and devices of sorts to recreate and prolong slavery by a contrite means is it's downfall... and they can't see it.. be3case it implies facing self.. and the undertone of mindset that never let go of the elite and thinking it's controllers as being superior.. and now they have to face being the inferior and weaken nation.. that shows the fools for what they have always been... people robbers.. and users and abusers.. how can you have a country with median home prices at 150K but you only have a min wage of 5-7$... that's slavery... mentality.. and the mindset of thinking that they can reorder the process and create a smoke screen of sorts and maintain slavery without it being seen for what it is..and it became a slavery not by color but by who was consider the controlling elite.. CEOnow make 50 million like nothing for non performing companies... while the people are stripped of any and all benefits.. now what and how is that any different from a slaver plantation.. who work the people and steal all the profits.. and pay themselves but give nothing for nor to the people who do the work.. that old saying live by the swofrd .. die by the sword.. well america rose by slavery and will demise itself by slavery... but there are many who can't stand for that reality to be seen nor for anyone to paint a picture of it in such simple terms. but see or not see .. reality becomes what it is built upon and buit with ..
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