every body put money in Swiss bank than switerland must have wast reserve why the world don’t use its currency for trading instead of USD .
Attack those you need most and attempt to imbue them with unearned guilt! We’ve seen this game before, Mr. Commie-Thug Dictator; or shall we call you Mr. Wen?
Chinese Premier Wen Jiaboa took to the Davos stage yesterday to attack the US and the West; it borders on comical. But sadly, the elite gathered at Davos are foolish enough to lap it up like the simpering capitalist dogs Mr. Wen believes they represent, and for the most part he is probably right.
It is too fresh that Mr. Wen attacks the system that has helped his country pull millions from poverty and allowed for the transition of the Commies to represent a new happy face to the world even though their underlying intention of complete control of everything they touch, no matter how they must cheat and steal to achieve this goal, has never changed.
This proves Chinese disrespect to world and west again.It proves enough china is only about violating human right and creating financial crisis in world.hat has changed is the degree to which the Western business elites have been duped into thinking this is a regime they can really do business with. Which goes to the rotting core of the leadership of our multinational companies and political elites in the West; again Mr. Wen exploits this well. Think of the big hedge fund investments of the former politicos who along with the first-tier Western multinationals who hold vast Chinese asset investments. It is very much in their interest to pretend dealing with China is free trade. Interesting this same crowd represents the major funding for “think” tanks that get so much press and ink in order to spout the mantra of “free trade.” Lies flow from both sides – indeed.
If the dictator commie thug wasn’t so busy making sure any real dissent in his own country was stifled and the proper threats to the state dealt with, maybe he and his gang would have provided more domestic choices for his own people with all their wealth gained from dealing with the system he now supposedly finds so repugnant.
My musing on a bit of Wen self-dialogue; it might go something like this:
Heck, if we create a real domestic market it might increase citizens’ political power; we can’t have that … well, not yet.
We just don’t quite have enough internet monitoring equipment and software from Cisco, Yahoo, Microsoft, and Google (and other assorted tier-one western companies) to control 100%–but those dupes keep upgrading our ability to electronically enslave our people, so soon we can create a domestic market with Chinese “character.”
But since we are not there yet, let’s continue to play the export model game that has enriched us so well. You know the game: invite all the Western companies in to produce in China. We make it a quid pro quo – in order to gain access to our vast consumer market we make those greedy dupes produce here and transfer technology to us. We treat them pretty good and gain access to hundreds of billions worth of technology funded by Western shareholders. And of course we outright steal the gold teeth from all the second- and third-tier manufacturers we invite into the country. Those clowns don’t have well-funded think tanks to tell their story. No, instead those think tank dupes will continue to spout the mantra of “free trade” as we steal technology and jobs and hollow out Western manufacturing to boot. Gosh this is too easy. Wen’s call for global action should be seen for what it is: China has milked the export model for years (granted low cost final goods have benefited to a degree, but recycling excess reserves is what created the asset bubbles and led Mr. Consumer to over indebtedness – it was not the other way around) and it is now crashing before their eyes; they’ve stolen Western technology for years to boost export prowess; they have suppressed their currency for years to make its final goods even cheaper in order to keep the export machine humming; and we all know China’s enrichment was built on the backs of the blue collar workers in all industrialized nations. We have allowed for the hollowing out Western manufacturing so the power elites and the heads of our multinationals can enrich themselves through China.
Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it
is responsible for creating trade deficits.
helps eliminate the uncertainty about the value of a currency.
keeps a nation from trading fairly with other nations.
is based on the value of gold held by a nations.
leads to uncertainty about the value of goods traded internationally.
I am 100% sure its not C. Please explain your reasoning behind the answer. I am practicing questions for a quiz online.
As a personal investor, I’ve dealt more with options and commodities but have recently been looking at currencies & foreign exchange. What I don’t like about options is that they are a “wasting asset” that can expire worthless if not exercised whereas with commodities and foreign exchange, you have a position in an asset that won’t automatically expire.
It is interesting that with foreign exchange, you can trade on margin at rates of 100 to 1 whereas with pure equities, it is usually no more than 4 to 1.
If you are an experienced investor or financial advisor, I would appreciate hearing your perspective as to the pros and cons of trading in these three markets, i.e. FX, options, and commodities.
i wanna watch the live quotes for Indian rupee v/s Singapore dollar . and also want to online trading . can any one know the any exchange or any web site for quotes live . or trading online .
Imagine I create a new country. How do I assign a value to my currency? Can it be just any arbitrary value? Pretty much what ever is most convenient, without worrying about the rest of the world. Or is there more I have to put into consideration? And how do I determine the exchange rate once that currency has been created?
Let’s say the dollar would be replaced with the Amero, as I hear every so often. (This is not an argument about whether it will happen, but what happens if.) Would my dollars in the bank be replaced with Ameros? When Ameros come out, will they be worth the exact same as dollars at their current market rate? If so, what’s the point of changing currencies? What would happen to mortgages that have all the paperwork agreements in dollar amounts? Would the paper dollars I have in my mattress be worthless, or could I trade them in for Ameros at the bank?
Also, what would be the point of changing currencies? (obviously because one is weak and one is strong, but what makes the new currency stronger?)
Is there any country that has changed currencies? Where could I read about the finer points?
As we all know, China’s currency is tied somewhat illegally to the USD which greatly skews America’s trade deficits and many professionals say has caused a lot of global economic problems… But how bad would it be for China if they actually suddenly let up on this policy?
Sources would be appreciated.
It isn’t just the “others” that’ll suffer, though… Obviously, China has its own interests in mind. The main reason I’ve heard is that if they allowed their yuan to be what it should be in terms of value, people would start going to other countries for goods. Basically, China is cheating.
This is also running up huge artificial deficits with the US, its biggest trade partner, and putting them into the position to loan money back. If they untied the yuan, suddenly the deficit would shrink noticeably, at least the portion of it that is to China. This is common sense, tying your currency to another currency even by a fraction of a decimal can create millions of dollars in differences.
OK so today i heard about some meeting with a bunch of important people and it had something to do with them meeting about the failing economy and about a one world currency. And i heard that they want to start the one world currency thing in 2010. Well that’s good and all but how do we get money if we still have our current money? And what are they going to do with all of the useless money that’s going to be there?
For example, i live in Norway, and not long ago it was 7 kroner for 1 american dollar, and now it’s only about 5 kroner for one american dollar. How does someone determine how much a currency is worth?











