They talk about "national savings rates", and say China's is about 50%. I think it must include the buildup of foreign currency reserves, because...
LOL, HIG is gonna become an S & L so they can get $3bb TARP money to buy some bank?
Yeah, we can just sell them more debt to cover the interest, and more to cover the principle, like we have been doing. At some point, do you...
At some point, when your best customer owes you a lot, and doesn't pay their bills, and obviously isn't going to, you stop shipment or slow them...
The problem is that the money they are handing out isn't getting lent to anyone, so as a result the "sterilization" increases the rate of...
I would guess its our hedge funds that were doing the selling/deleveraging as the rest of the world bought on the cheap, trading us back our paper...
Makes you wanna say HMMMMMMM Looks like they are pretty willing to trade green paper for metal at this price if you ask me......
Does anyone here think we can spend more than we earn forever? Does anyone here think we can borrow more forever? Does anyone here think we...
It would be a much bigger collapse than the Soviet Union was. Things trade in dollars around the world. The dollar is the worlds reserve...
Not anymore. Just like "In the long run housing prices always go up" is not true. To assume they WILL always go up was and is foolish....
So do you think China will be increasing their US Bond holdings? I don't. And i think that's real bad news for the US dollar a month or two...
What makes us think the dollar will be granted eternal forgiveness? Why not the Yuan as the world's reserve currency? At least they are...
I don't really disagree with any of that. The lack of a better world reserve currency alternative to the dollar is what's keeping our debt...
http://www.nytimes.com/2008/11/09/world/europe/09iceland.html?_r=3&_r&oref=slogin&oref=slogin&oref=slogin How much advance notice did they get?...
I read today that China only has $484 billion of US treasuries, smaller than Japan's holdings. I makes me wonder what the rest of their $1.5...
They are trying, but in the end they will be left "holding the bag" with trillions of dollars of worthless US treasury bonds. That loss of value...
Pretty sad they couldn't come up with that small an amount of metal, huh?
If it goes below $690 again, I'm thinking of taking delivery on a 100 oz COMEX bar.
Maybe Russia will sell oil in Yuan. At least its more stable than dollars.
That change is why we no longer make things here, and why we seem destined to borrow and consume till nobody will take more of our paper promises....
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