http://dailycapitalist.com/2009/03/24/the-chinese-arent-as-dumb-as-the-fed-thought/ Economics, Finance, and Investment Risk Tue, 07 Sep 2010 03:04:52 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://dailycapitalist.com/2009/03/24/the-chinese-arent-as-dumb-as-the-fed-thought/comment-page-1/#comment-570 Effor.com » Blog Archive » Who will give us money? Wed, 25 Mar 2009 23:34:40 +0000 http://dailycapitalist.com/?p=448#comment-570 [...] was reading through The Daily Capitalist blog tonight, and I read a post entitled “The Chinese Aren’t As Dumb As the Fed Thought” that reminded me of a news blurb I saw today.  It seems that there was much less interest [...] [...] was reading through The Daily Capitalist blog tonight, and I read a post entitled “The Chinese Aren’t As Dumb As the Fed Thought” that reminded me of a news blurb I saw today.  It seems that there was much less interest [...]

]]> http://dailycapitalist.com/2009/03/24/the-chinese-arent-as-dumb-as-the-fed-thought/comment-page-1/#comment-553 JournalJim Wed, 25 Mar 2009 00:41:00 +0000 http://dailycapitalist.com/?p=448#comment-553 One may say this is a "golden" opportunity to get serious about moving away from investments based upon a fiat dollar that will most certainly be devalued over the short term. It has already been debased, but fortunately so have most other currencies, and for the same reasons: spending at all levels of government in most of the world (less newly emerging Asian nations such as China, India,and perhaps, back in the west, Switzerland) is out of control. That's why President Obama continues to refer to the jobs he's "saved" of teachers, policemen, and construction workers. Without this federal borrowing spree, many of those union jobs would be endangered. But it is borrowed money and borrowed time. Consequently, holding a little bit of gold is probably a very good idea. One may say this is a “golden” opportunity to get serious about moving away from investments based upon a fiat dollar that will most certainly be devalued over the short term. It has already been debased, but fortunately so have most other currencies, and for the same reasons: spending at all levels of government in most of the world (less newly emerging Asian nations such as China, India,and perhaps, back in the west, Switzerland) is out of control. That’s why President Obama continues to refer to the jobs he’s “saved” of teachers, policemen, and construction workers. Without this federal borrowing spree, many of those union jobs would be endangered. But it is borrowed money and borrowed time.
Consequently, holding a little bit of gold is probably a very good idea.

]]> http://dailycapitalist.com/2009/03/24/the-chinese-arent-as-dumb-as-the-fed-thought/comment-page-1/#comment-541 Ted Tedesco Tue, 24 Mar 2009 23:34:56 +0000 http://dailycapitalist.com/?p=448#comment-541 Sounds like the Chinese have learned that "economic war" is a better way to go than the Communist Manifesto of military conquest! The end result is a lot cleaner, less costly than military battle and more effective. Put that together with their purchasing of oil rights and it seems they have a powerful duo for dealing with our future. Since we've, in effect, already mortgaged our future to the Chinese, maybe we should not be surprised if they ask us to let them have a regional office in the US Treasury building! Sounds like the Chinese have learned that “economic war” is a better way to go than the Communist Manifesto of military conquest! The end result is a lot cleaner, less costly than military battle and more effective. Put that together with their purchasing of oil rights and it seems they have a powerful duo for dealing with our future. Since we’ve, in effect, already mortgaged our future to the Chinese, maybe we should not be surprised if they ask us to let them have a regional office in the US Treasury building!

]]> http://dailycapitalist.com/2009/03/24/the-chinese-arent-as-dumb-as-the-fed-thought/comment-page-1/#comment-533 Matt Tue, 24 Mar 2009 23:07:05 +0000 http://dailycapitalist.com/?p=448#comment-533 Well, as long as we're on the subject, what about gold? Ron Paul and a slew of Ayn Rand followers would say that is the only valid monetary standard. The idea of an IMF controlled monetary fund seems to be just another bad idea that government can have its mitts in. Well, as long as we’re on the subject, what about gold? Ron Paul and a slew of Ayn Rand followers would say that is the only valid monetary standard. The idea of an IMF controlled monetary fund seems to be just another bad idea that government can have its mitts in.

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