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October 25, 2008 at 9:51 AM #293047October 25, 2008 at 1:48 PM #29272334f3f3fParticipant
[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
October 25, 2008 at 1:48 PM #29304634f3f3fParticipant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
October 25, 2008 at 1:48 PM #29307534f3f3fParticipant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
October 25, 2008 at 1:48 PM #29308534f3f3fParticipant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
October 25, 2008 at 1:48 PM #29312234f3f3fParticipant[quote=Fearful][quote=kewp]
In any event, it is hard for me to imagine Fed and Treasury not intervening to weaken the dollar to ward off deflation. Right now things look awfully deflationary.Problem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.[/quote]
Fearful, thanks for the post. May I pick your brains a little further? Presumably it’s the Asian reserves that are the lion’s share, that would ultimately be the cause of a dollar collapse. But we are led to believe that the symbiosis between the US and Chinese economies make this unlikely? A crashing dollar sounds like a severe loss of value, but I guess that means basically it becomes unstable against a basket of currencies and can undulate, and whichever way it goes it’s bad right?
October 25, 2008 at 2:09 PM #292743ArrayaParticipantProblem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.
http://www.reuters.com/article/forexNews…
BEIJING (Reuters) – The United States has plundered global wealth by exploiting the dollar’s dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.
The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.October 25, 2008 at 2:09 PM #293066ArrayaParticipantProblem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.
http://www.reuters.com/article/forexNews…
BEIJING (Reuters) – The United States has plundered global wealth by exploiting the dollar’s dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.
The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.October 25, 2008 at 2:09 PM #293094ArrayaParticipantProblem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.
http://www.reuters.com/article/forexNews…
BEIJING (Reuters) – The United States has plundered global wealth by exploiting the dollar’s dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.
The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.October 25, 2008 at 2:09 PM #293105ArrayaParticipantProblem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.
http://www.reuters.com/article/forexNews…
BEIJING (Reuters) – The United States has plundered global wealth by exploiting the dollar’s dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.
The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.October 25, 2008 at 2:09 PM #293141ArrayaParticipantProblem is, if the Chinese, or any other net accumulators of dollar reserves, develop any bias away from the dollar, there would be a rapid devaluation. Fed and Treasury might not be able to intervene fast enough to stop the dollar from crashing.
http://www.reuters.com/article/forexNews…
BEIJING (Reuters) – The United States has plundered global wealth by exploiting the dollar’s dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.
The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.October 26, 2008 at 10:56 AM #293073peterbParticipantThe world is now officially becoming unwound. Emerging markets are getting hammered and will continue on this path as the OECD countries are not buying the exports anymore. They were highly leveraged on the expectation of this export growth. The US$ is the dominant currency on this planet. The Euro is under huge pressure from internal disagreement among its members. This trend will coninue for some time. Perhaps years. As global unemployment is rising and will destroy demand for all but essential items.
Deflation is just getting started. See what happens in 2009 as US employment hits 8% and the OECD’s in general go through the roof!!!!
October 26, 2008 at 10:56 AM #293398peterbParticipantThe world is now officially becoming unwound. Emerging markets are getting hammered and will continue on this path as the OECD countries are not buying the exports anymore. They were highly leveraged on the expectation of this export growth. The US$ is the dominant currency on this planet. The Euro is under huge pressure from internal disagreement among its members. This trend will coninue for some time. Perhaps years. As global unemployment is rising and will destroy demand for all but essential items.
Deflation is just getting started. See what happens in 2009 as US employment hits 8% and the OECD’s in general go through the roof!!!!
October 26, 2008 at 10:56 AM #293424peterbParticipantThe world is now officially becoming unwound. Emerging markets are getting hammered and will continue on this path as the OECD countries are not buying the exports anymore. They were highly leveraged on the expectation of this export growth. The US$ is the dominant currency on this planet. The Euro is under huge pressure from internal disagreement among its members. This trend will coninue for some time. Perhaps years. As global unemployment is rising and will destroy demand for all but essential items.
Deflation is just getting started. See what happens in 2009 as US employment hits 8% and the OECD’s in general go through the roof!!!!
October 26, 2008 at 10:56 AM #293436peterbParticipantThe world is now officially becoming unwound. Emerging markets are getting hammered and will continue on this path as the OECD countries are not buying the exports anymore. They were highly leveraged on the expectation of this export growth. The US$ is the dominant currency on this planet. The Euro is under huge pressure from internal disagreement among its members. This trend will coninue for some time. Perhaps years. As global unemployment is rising and will destroy demand for all but essential items.
Deflation is just getting started. See what happens in 2009 as US employment hits 8% and the OECD’s in general go through the roof!!!!
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