September 10, 2009
– Comments (9) |
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Must listen to. Bummer about the stupid advertisement in the beginning and the speaker isn't that eloquent, but the content is spot on...
Given that we are the largest buyer of stuff from China, how is a financial war with us in their best interest?
What does China gain again from financial War?
CHK- funny I was trying to post around the "OOPS there's an error" message, and you beat me to it.
Wow, cheering for the demise of the US economy and coaching China about how to subvert American interests (by rooting out all the Goldman Sachs plants inside the Bank of China). I dunno, JFC. Usually your stuff is thought provoking and well articulated, but this takes conspiracy theories out there no far this side of "space ships doing mind control" level. This is the first -1 rec I've ever given you. Not worth the 8 minutes.
PS: Grains of truth, but way too out there that China simply has to i.d. all the Goldman Sachs people in the country and their problems are gone. Sorry. :(
CHK / Gnubee,
Well. I guess we'd have to ask China that. Suffice to say they don't think like westerners so any thesis is a guess at best. However, I am guessing by your comments that you want my opinion. If I had to guess I'd say the want the respect of the world community and possibly are setting up the Yuan to play a major role.
Sorry. I didn't mean to endorse all that was in this video including the get rid of GS personnel comments. The post was made primarily to highlight the war going on that few people understand and want to admit. For certain, these stories are not being told in the MSM. The fact that China is willing to reneg on their half of these derivatives is very, very significant. The thought that China has turned their messaging (if not action) from the US govt to those like JPM and GS, the creators of these derivative time bombs that got us into this mess, is a significant development.
Part of me wants to see GS and JPM brought to their knees because they deserve justice for their financial tyranny they created for the US. However, I also understand if JPM and GS are forced into Ch 11, it will be extremely damaging to the US and the market.
I love this country, but distrust our government.
Hope this helps to understand the intent of the post.
But then China would need the Yuan to be free floating, and drive up the cost of its goods and labor. They were are already losing jobs to Vietnam and Cambodia in good times.
Would they really sabotage their own currency like that?
And you are right,about trying to guess the innerworkings of the PRC's brains though.
Disagree that there is a "war" going on. Of course, the Chinese compete with us, and sometimes the don't play fair (they will probably argue that neither do we).
JFC,Makes more sense in the context that you just described. Much more along the lines of the reasonable posts that you usually grace us with. :)
CT - thanks sorry for not being more clear about the context. A lot going on in my personal life...
Got gold? Nice rise over $1000 today. We'll see if it sticks.