OK, but so what will now happen to the worker's of China? Will they need to go on more strikes, until there's blood in the streets? To use a term that the British uppity ups have been using: what about the "little people".
BOHICA - Monday June 21, 2010 10:25AM EDT
No more cheap Chinese slave goods anymore. China will no longer hold onto out debts either. We will be the next Greek tragedy!
Johnny - Monday June 21, 2010 10:25AM EDT
The Stocks around the world because the Chinese currency will soon replace the dollar......In favor of Chineses currency..................That is the sign that soon China will Dominate the Western World......They will Buy all our Asset and Corporation soon....They have money we have debts........Money will move the mountain in China's Favor?......That what it is......The Mighty China?
ku - Monday June 21, 2010 10:30AM EDT
HAHA, CHINA CURRENCY WILL RISE AGAINST THE WORLD MONEY. SO THAT MEANS UNITED STATES OWED MORE MONEY TO CHINA,....ALSO THAT MEANS CHINA ECONOMICS WILL DRAMATICALLY SLOW DOWN. THERE ARE NO TURNING BACK BABY. ALL I CAN SEE IS THAT THE ECONOMICS AROUND THE WORLD WILL BE DRAMATICALLY SLOW DOWN TOO. YOU'LL SEE. RECESSION AND OR INFLATION WILL HAPPENED WITH THIS YEAR. I JUST WONDERING DON'T THESE PEOPLE KNOW THAT THE POOR FEEDING THE RICH.
Yahoo! Finance User - Monday June 21, 2010 10:31AM EDT
Our problems do not have anything to do with the Chinese yuan. A valuable yuan will make life more expensive for Americans. Affording less of what we need is not a fix! China cannot fix the world's debt problem. Debt was the problem to begin with and we have more of it now. US dollar rally is real. 2008 was just the warm up in this deflationary crash. FED printed a trillion and inflation is nowhere to be seen! Do you know why? Let me explain. Our money supply is NOT printed dollars. It is bank credit. We printed 2 trillion dollars. But we borrowed 50 to 300 trillion over many decades. This debt becomes our money supply. And it needs to be paid back with interest! Because banks create money when we borrow. For that reason, credit, which is our money supply, can deflate: http://www.tradingstocks.net/html/banks_create_money.html
BOHICA - Monday June 21, 2010 10:31AM EDT
Plunger team trying to hold the market up this morning on bad news for the US. China raising the yuan to the dollar would be good for our exports but the only problem is WE DON'T MANUFACTURE ANYTHING ANYMORE!!!!! We have become a useless service sector economy. We are like a 64k computer, useless
Johnny - Monday June 21, 2010 10:37AM EDT
It is a sign the soon the United States will soon be demoted to Third World Nation Category.............China will soon Demand payment for our Debts...........Okay $ 15 trillion Dollar Debts plus $ 750 Billion Dollar service Chargs every year in interest.............Good for China bad for us.......Where will we get the money to pay our creditor......The Mighty China..........
Don - Monday June 21, 2010 10:40AM EDT
USD will tank sooner or later.China several trillions reserve in USD will convert to "basket of currencies" which meant don't so much rely on USD anymore.What NOBAMA can do?
Yahoo! Finance User - Monday June 21, 2010 10:40AM EDT
China has opened the door for hyperinflation in the U.S. which is good news for the wealthy, bad news for the rest of us. The wealthy will recoup their losses with inflation, the consumer will get hosed with massive inflation, the economy will tank again taking the China economy along with it. Only rich Americans benefit from this move. Look at the stock market, it loves it. Anything good for Wall Street is bad for the rest of us
Turner - Monday June 21, 2010 11:27AM EDT
As US problems start to materialize, China is setting the stage for the removal of the US dollar as the global reserve currency. This will protect them and others in the world from collapsing commodity prices or severe price increases.
Yahoo! Finance User - Monday June 21, 2010 11:40AM EDT
You Fascist's forgot one thing: The rise in the Chinese currency means more expensive Chinese xxxx coming into the USA .... and thr Chinese woker is still paid less than an American worker .... So, tell me ... all you blowhards ... What did you accomplish?
what is happening 2 US - Monday June 21, 2010 12:05PM EDT
"STOCKS SOAR" really? This is just the next chapter in the plan. Manipulate this equals unintended consequenses so manipulate something else, repeat......... manipulation and uncertanty is not good. move to cash on the up days
Yahoo! Finance User - Monday June 21, 2010 12:16PM EDT
Wow, finally we got what we have wanted all the time: $10 a pack of eggs and $400 a pair of sneakers. Are all of us really so dumb to wish buy thing more expensive? Look at the price of groceries; expect it to triple in a very short time? Why do our politicians always try to mislead us that all our problems are someone else's fault? Last time (2005-2008) Yuan increased 20%; our trade deficit increased 34%, please do the math yourself. This is only good for the rich.
Arisian! - Monday June 21, 2010 12:24PM EDT
Jobs in America are the result of more expensive foreign goods and labor. In what way is a rising yaun bad for anyone who wants an American economic recovery? If we keep currency circulating HERE instead of concentrating it and sending it offshore to pile up as foreign debt, we all benefit- except, of course, the one percent that controls forty-five percent of American wealth. On the down side, there is also considerable potential for disaster: if the yuan rises fast enough, the wealthiest among Americans will precipitate a panicked sell-off of the dollar as they attempt to maintain equity
回复aac的评论:
Although 国际上公认新疆和西藏是中国的领土, the West is still interested in splitting
China if they ever have a chance. Now some of them hope that 吉尔吉思骚乱 could also
happen in Xingjiang.
左宗棠 has nothing to do with the "Red China", it was very irresponsible and
damaging for the ABC radio station to tell people that Xingjiang was
invaded and taken by Red China 60 years ago.
回复nonsense2010的评论:
You are loosing the point. What we are talking about is the relationship between the Yuan appreciation and the economic condition in the west. What you have said is that China is doing bad things worse than Japan. Except for the Yuan appreciation, what else you are referring to the "bad things?" What will happen if the economic condition is not improving in the west after the Yuan apperication?
回复nonsense2010的评论:
However, nothing is absolute. there is a good chance that the economic situation in the west will not be better after Yan's appreciation though. What will you say about that then?
Of course the trade balance is the best way to keep the exchange rate stable, however, normally this is not the case. Theoretically speaking, trade balance could be adjusted by itself if there was no governmental involvement. Personally, I don't think it is a good idea to keep high trade surplus and higher foreign currency reserve since China could end it up like Japan someday.
回复nonsense2010的评论:
We will see. If you are correct, there should be a possility that the economy in the west will be going better after Yuan's appreciation. Time will tell.
rondo said: "笔者不认为这些政客智商低到分不清看不到问题的根源", 本来我也一直不敢相信政客会那
么无知, 但昨天ABC的一位节目主持人的一句话让我怀疑很多有头有脸的老美真的很无知,这位主持人竟然说
"Xingjiang(新疆) was conquered by Red China about 60 years ago". 政客的智商不可能低,
但选票第一,不敬业,太懒,太自以为是.
msa640 发表评论于
We always give them what they want. Now they should be satisfied.