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Don't be deluded that China leaders are goody goody and willing to share their wealth with the rest of the world. |
China leaders and state owned managers are UNTOUCHABLE.
They are not accountable to rule of law and only follow their superior orders. They dare not go against their superior orders if they don't have strong backup from party leaders. If any project fail they will find scapegoat to blame on others.
US have shared s bit of their wealth with the rest of the world by transferring technology to Singapore, Taiwan, Japan, South Korea, Thailand, India, etc. You will never see China do this in your life time.
Federal Reserve may have officially ended QE or money printing. But they are now embarking on stealth QE, by forcing Japan to take the dollars printed by Bernanke and Yellen.
Jim Rickards and Marc Faber said US Federal Reserve money printing never stops. Some end up in Japan, some in Belgium, some in London, some in Caribbean Virgin island financial center and some even in China.
If money printing by US stopped how will Pentagon got USD700 billion spending, and not included 100s billions more on Social Security etc.
Where did US got the money to pay for all the 40 million Americans on food stamps ? How about the 1 trillion dollars infrastructure spending Trump proposed for 2018-2022, where the money come from ? From tax ? Rich elite Americans controlling 90% of the american wealth, avoid paying tax by having offshore accounts.
Are you trying to prove that you have more insider information than Jim and Marc ?
Dow Jones Wall Street is now 25,000. Is this not due to money printing ? Is it due to China or foreigners buying Wall Street ? If China and foreigners buying US dollar assets, then it just show US dollar is still king and petrodollar hegemony will continue but in different way even though US has import less oil from Saudi.
https://dailyreckoning.com/why-t ... rint-money-in-2015/
Bloomberg TV: So we’ll continue to grow the balance sheet. Because this is the one thing I think about…
The commercials that you hear on radio telling you to go and buy gold because the Fed’s printing presses are running nonstop… Makes sense… But when the Fed’s printing presses stop, does that trade turnaround? You’re saying that those printing presses are only on hold?
Jim Rickards: Right… But they’re going to have to keep printing… they have no other way.
But the reason is, they’re using a liquidity solution to a structural problem. It won’t work, but they think it works, so they’re going to keep trying. That’s the bottom line.
And remember, everything changes January first. We have the most hawkish FOMC you can imagine. There have been vacancies on the Board of Governors, so you’re overweight presidents and you got two “super-hawks” Fisher and Plosser.
January 1st the President has filled the vacancies. You got Brainerd and Sam Fisher who are doves. Let’s see, one more vacancy probably get another dove, and then two more presidents coming on, Evans and Kocherlakota are doves.
And Janet Yellen, you know, it took her a while to get her feet on the ground… Remember she didn’t start the taper, Bernanke did. He tied her hands. And you know, she’s the new kid on the block — you’re not going to blow up policy in your first meeting.
But by January, the governors are going to be at full strength, the presidents are going to be dovish, Yellen’s gonna have her feet on the ground, and her dashboard is still not blinking red… So they’ll, at best, not raise rates, and probably go to QE4.
Jim Rickards: Well, there could be a lot of causes behind it. Some of them are demographic, some of them are structural. That’s one of the debates. Is it demographic or is it structural? The answer is it’s a little bit of both. But the important thing is regardless of the cause, [real wages] are on her dashboard, that’s what she’s looking at. So, that continues to be weak. You know, we’ve got 50 million Americans on food stamps… 26 million Americans unemployed or underemployed… 11 million on disability which is kind of a new form of unemployment in some cases and that’s going up. Our fundamental economy is very weak… for structural reasons.
Yellen is trying to address a structural problem with a liquidity solution. It doesn’t work, it won’t work, that’s why the Fed forecasts have been wrong by orders of magnitude for five years in a row.
Interestingly Madame Lagarde the other day, because the IMF meeting is coming up… The IMF forecast has been wrong five years in a row also — they lowered their forecasts. She was actually candid about it, she said “you know, this is getting a little boring we’re wrong every year.” But that’s because we’re in a depression not a cyclical recovery.
Super Z and his J team which include D, still control China. Eleven is just a puppet and have to take instruction from Z who have links to the globalist elite. ;P