China requests for US bonds in yuan ; bank holiday and Peter Schiff predictions

[cobrajitsu]

The system can't be supported anymore. It will collapse. Sell your dollars for Chinese Yuan. Huge Appreciation of the yuan is unavoidable.

[Sammy0414]

they really dont have a choice , and that happens in the case of japan , It drives up the yen which In turn drives down exports .................. You know the japanese will do everything to avoid that scene

[indochineboy22]

stop let china good in us stop buy outsider country made, us mart us dollar store stop china  bond

[TheClassicalLiberal]

I figured this would happen

[golfprobro4eagles]

There will be no bank holliday or any other process to fix the market you are all brain dead why would it make any diffrence to you.

[golfprobro4eagles]

Please do not beleave what Peter has to say you smug arragant ass ho.

[johnedwards1968]

LOL! Sugar high???  Really? Why can't you people just admit that Schiff doesn't really know what he's talking about?

[ThatsMrSteve2u]

test

[BernardPoolman]

This was predicted by a Boer prophet a 100 years ago with advice--invest in Gold and that this event will for practical purposes take the world to the dark ages -- this seems inevitable unless an equality principle of value emerge that values life and not paper and digits and numbers

[CoinsFreedom]

In all likelyhood it could occur this fall when the market typically has a seasonal downturn. We are also getting oversold on the Dow, so the second dead cat bounce is coming to an end around 10,000 Dow. Look for it to crash worse than it did fall of 2008. The FDIC needs another bail-out when they announce 2nd quarter report today. They quietly post/announce about 5 bank failures every Friday after the market shuts down for the weekend. Not on the MSM. );

[truthsabre7]

NO one knows when the sh*t will hit the fan. Max is a good man, but he does not know when things will happen.

[hpd707]

Well, it didn't happen in two weeks. But I think it will happen at some point, probably this Fall unless there's some serious arm twisting, divine intervention, or both.

[CoinsFreedom]

I think he meant whena " Bank Holiday" is used it will be for a two-week period that devalues the dollar against the other global currencies.  People will over a two week period, wake up as second class citizens of the world economy.

[sabrinacle]

IIve been following Jim Willie and the Golden Jackass for years. He is NEVER wrong. Buy gold

[rocksiphone]

Max & Stacy are Great

[Arginine88]

I like Peter Joseph's idea but that would take a long time to complete, money corrupts way to much! Gold will always be desired however!

[matsutakneatche]

'the Z cult'

[starlight1946]

Senator Ron Paul should of been elected President and none of this would be happening. Now we can see why the Insiders didn't allow him to be such. The Hidden Hands wanted America to be brought down.

[Metalgear55]

@starlight1946 how can ron paul change anything? What do you want him to change??

[soleeforu]

@starlight1946 do you remember how he was treated at the republican's debates by the media? go back and watch...its interesting to see how in one debate that lasted almost an hour, he only got maybe a total of 5 minutes to talk...it was clear that they didn't want the public to hear him. I m surprise we still get to hear Ron Paul in the Internet, seem like the government would have clamped down in this already

[sujajajjaakakajjs]

6.84 x 955 = ....

[jobedied]

You mean we have become an Animal Farm Banana Republic.

[Paetaor]

Everyone should have a copy of CrashProof.

Reading it woke me up to so many things that I was totally blind to.

[wtfbroskie]

i agree, i have just began reading this book. brings everything into perspective.

[HR1207auditthefed]

Geithner is a Traitor and he admits it here> /watch?v=e_I4CYhk6P4 After watching it you tell me if he admits it. Why else would he say "Your Government" when referring to the Government of the United States of America?

[FreedomForMankind]

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¨°º¤ø„ ¸ How about a world º¤ø„¸

¨°º¤ø„ ¸ without money º¤ø„¸

¨°º¤ø„ ¸ Governments, courts º¤ø„¸ ¨°º¤ø„ ¸ religions and armies? º¤ø„¸

¸„ø¤º°¨¸„ø¤º „¸¨°º¤ø„¸¸„ ¸„ø¤º „¸¨°From Portugal

[PTTurboe]

Conspiracy Theory? THEY ARE DOING EXACTLY WHAT THEY DID IN THE FIRST ONE. It is engineered sheeple...

[YouWinForever]

At least that is good news because their citizens will now invest in silver which will help drive up the silver/gold ratio. That is why I purchase both bullion and coins that are both uncertified bullion and certified. Just got an MS70 Silver eagle today. She's a beauty! I have a couple tubes of uncertified Eagles.

[codediporpal]

That's hillarious. Chinese goverment is having trouble selling their OWN yuan denominated bonds. Just a few weeks ago their bond auction failed.

Oh, just noticed the "peter schiff" in the info box. That explains a lot.

[ChristiansMustLearn]

Can you post info on this failed bond auction. Thanks

[codediporpal]

just goggle china failed bond auction, first link. July 8.

It's just a few in the Chinese gov't spouting crazy talk. Nobody wants yuan because they have too many capital controls. I can't even open a frigging bank account in yuan, except for zero interest which is a joke since 4%+ is the norm in china with their high inflation. And they supposedly want to be a reserve currency?  Yeah, right. It nonsensical.

[ChristiansMustLearn]

Do you think there will be a "de-coupling" as Peter Schiff and some others have mentioned where the Yuan removes any peg it has to the dollar and lets the currency rise?

[codediporpal]

yes, eventually they will. But these changes will take place over a decade or more, IMO.

[ChristiansMustLearn]

It came to my atention that treasuries are being bought by the fed and China has started to bow out of purchasing US debt...does your assessment work towards the US as well as China

[codediporpal]

Yes, just pointing out the problem is more severe in China.

For a long time China gov't did not run deficits. Fed prints money by buying treasuries. PBOC prints money by buying...? If there is no domestic gov't debt to buy, they buy the debt of other nations (USA), which also works to keep up a trade surplus.

Now the chinese gov't is running massive deficits of it's own. No big need to buy US treasuries to print money, since they have their own deb.t The game has shifted.

[buzzz121]

Interesting!

[hermillan]

when was this inteview?

[YouWinForever]

Honest news. Prepare accordingly. Keep cash on hand not in bank. Buy food staples now and store before they become scarce and inflate. Take posession of gold/Silver bullion to preserve any wealth you have before dollar is trashed. Wait for the "solution" they announce for the next fiat currency system.

[Entropy137]

One more point if I may. If the gov. institutes price controls on a certain consumer good where the market price should be higher than the set price, buy as much of it as possible as quickly as possible because it'll soon run out. And you can sell it on the black market for a high price.

[van1976]

Is this a radio program?

[AEVautomatic]

yes

[watcher0777]

thanks for posting, bond info on dollar demand is pivotal

[deelean]

Why was the UK the exception?

[rytis1]

cause just like US they have consumer/debt based economy. Pound already lost 30% last year

[AEVautomatic]

why is the devils symbol on chinese money?

[dankeewolnir4042]

probably the same reason its on the USD...

[MrBankRuns]

Dr. Edwin Vieira has a You Tube video called "The Power of the Purse the power of the Sword" and he explains the solution to the problem not just more fear mongering telling everyone the problems.