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Green Dragon Reply to your previous posts|
China exports is the main target.....
The good news is that if there is a US$ devaluation of 33%, it would affect only demand in USA, probably Europe...
Unlikely to affect elsewhere as long as China ENSURE the SWAP ARRANGEMENTs with Japan, Asian Trade Route States, Brazil, Mexico, Russia, South East Asia, are in order.....
THE DEVALUATION YOU TALK ABOUT IS IMMINENT. IT IS A MATTER OF TIME. IT IS THE ONLY WAY USA CAN GET OUT OF DEBT IN ONE QUICK SCOOP. DO YOU THINK THEY WILL PAY OFF THEIR FOREIGN NATIONAL DEBTS SLOWLY. LIKE YOU SAID, 30% OF ONE TRILLION DOLLARS IS A LOT OF MONEY. IN TWO YEARS IS ABOUT RIGHT. EXPECT IT TO HAPPEN BECAUSE THE US TREASURY CAN NOT CONTINUE TO PRINT US DOLLARS LIKE THERE IS NO TOMORROW !
and the Americans are testing the societal resillience too!
you know American Regime let their citizen tolerate gambling, drukeness, crime, drugs, wars, poverty, crisis after crisis.....
but China has similar foundations too!
Only i worry about lack of preparedness....
CHINA IS ALREADY PREPARED FOR THIS, THAT IS WHY JUST RECENTLY CONVERTED US HOLDINGS INTO YEN. CHINA ALSO HAS SWAPS WITH OTHER NATIONS ESPECIALLY WITH SOUTH AMERICAN STATES. THE CHINESE PEGS IS IN A BASKET OF CURRENCIES NOW. THAT IS WHY IN MY PREVIOUS POSTS, I SUGGESTED CHINA SHOULD SPEND MORE MONEY IN INFRASTRUCTURE SPENDING.