China Want's It's Money

I have my idea of what is really going on with this "bailout"

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[JimboJammer1]

The banks are dealing with $ 45 + Trillion Dollars of OTC Derivitive Losses.... China said they won't pay out on this Loss .... The Dollar is Dog Food... Jim Sinclair explains this very well.... Buy Gold Buy Silver before sept. 30th '09

[Boomer1949]

If you have been following this and the G20 coming this week, as well as the IMF SDR's, then you already know that China is hedging against the dollar being dropped as "the" reserve currency. I don't think the dollar will drop off the face of the earth but it will be part of the SDR's basket of currency, loosing it's reserve status, which in turn will hurt the dollar and create inflation here in the US. I'm holding my breath for Oct 1 st.

[LucySmith2013]

All the toys are being returned to China.

I would not buy any products from China.

No boys, cosmetics, anything because of

lead.

[Boomer1949]

Lucy, in as far as all Americans can, we should avoid buying things marked made in China but I'll tell you right now, many things are made in China, shipped back to America and stamped "assembled in the US". It's very difficult to find items that are truly manufactured entirely in the US.

[bsg005]

After following the pronouncements of Chinese Central Bankers and other state officals, what I've concluded is this. Right now, the US is China's largest trading partner. But in the coming decade, Asia coutries plus South America plus Africa, will overtake US as the largest trading partner bloc. When the US becomes a smaller customer for China, its need to finance the US purchases also reduce. Until that time, China will keep doling out cash to the US, albeit at a decreasing rate.

[bsg005]

@holunhoyeah China is much less crowded than India. In fact, India which is slated to overtake China as the world's most populous in about a decade and a half, is a fraction of the land area of China. By 2030, don't be surprised if the most expensive pieces of real-estate in the world lie in Mumbai or Bangalore.

[bsg005]

@Boomer1949 A comparision with Japan might look like China's need for the the money it lend to the US is less than that of Japan, but that is unrealistic, since nations look first and foremost at their own interests. China has a large percentage of its populace in poverty while its coastal areas have developed to rival the West. It needs al the money it can assemble, to create the kind of Capex required to raise the living standards across the country. Fom China's point, this is urgent.

[missionaryoffaith]

@JimboJammer1

u cant eat gold or silver...so why buy it ...?

[Boomer1949]

You need to study the Petro Dollar to see what gives the US dollar its value

[Boomer1949]

I could call a rock as valuable as gold, it's the demand that makes it's value. As with paper money, or in the case of most of the currencies in the world, electronic. In the end, one who holds a gold coin will need to trade it for some sort of paper money to do any kind of business. Let's hope they can redeem their purchase price.

[danny458]

I really don't think that's a good idea too. Did you know China is the biggest consummer of American products? If you play the protectionism game of not buying other countrie's good, then they would do the same to us. Then US would be in a bigger trouble. US companies would sell even less and more layoff will come. This crisis is more then trade relation. It's something else.....

[wardmagic1]

Raising taxes is the worst thing to do at this point. You have to give America and samll businesses more money back to reinvest to create more jobs. This will increase tax revenues to pay off these debts.. This is not rocket science....give people more money and the tax revenues to increase to pay off debt.. Curb spending and stop giving out free money....I haven't ever gotten a job from a poor person