Author: abramicus

OPEN CHALLENGE TO CONSUMPTION-DRIVEN ECONOMISTS - REFUTE THIS, IF YOU CAN! [Copy link] 中文

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Post time 2015-10-5 23:06:13 |Display all floors
The US economy recovery is fake.

#1 The Fed being owned by private banks – this is crazy stuff. Start here. Get rid of it in its present form. It is fundamentally unconstitutional anyway. But how do you do this? It takes a brave man to challenge this institution.

#2 TBTF banks. The moral hazard issues here are just ridiculous.
#3 The bipartisan political system that has rendered itself ineffectual.
#4 Way too many ‘bought and paid for politicians’ to the stage where the US is not really by definition a democracy any longer.

#5 The US and global problem of mainstream media feeding the masses a constant mixture of misinformation and propaganda.

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Post time 2015-10-6 07:04:53 |Display all floors
misinformation and propaganda.....welcome to China, Russia and Malaysia.




I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2015-10-12 03:56:48 |Display all floors
THE CONSUMPTION_DRIVEN_GROWTH_ECONOMIC_MODEL HAS LOST CHINA IN CASH MORE THAN A TRILLION DOLLARS AND WILL COST CHINA IN DEBT REPAYMENTS ANOTHER TWO TRILLION DOLLARS, EFFECTIVELY WIPING OUT THE REMAINING EQUITY OF THE CHINESE PEOPLE IN THEIR HARD EARNED FOREIGN CURRENCY RESERVES.

THIS LOOTING OF THE NATIONAL TREASURY IS LARGE SCALE ECONOMIC PLUNDER.

IT DWARFS ALL FORMS OF INDIVIDUAL CORRUPTION BY ORDERS OF MAGNITUDE.  

A GOOD GOVERNMENT SHOULD BE ACCOUNTABLE TO ITS PEOPLE.

WHERE IS THE ACCOUNTABILITY FOR THE TRILLIONS OF DOLLARS LOST IN THE NAME OF A DEFUNCT WESTERN ECONOMIC THEORY THAT WORKS ONLY IF CHINA CAN FORCE THE REST OF ITS TRADING PARTNERS TO ACCEPT THE YUAN AS PAYMENT FOR ALL ITS IMPORTS?  IS CHINA THE SAME AS THE USA?  IF NOT, WHY IS CHINA TRYING TO CONSUME 70% AND PRODUCE ONLY 30% OF TS GDP?  WHOSE IGNORANCE, NAIVETE OR BETRAYAL UNDERLIES THIS DISASTER, EAGERLY PANDERED TO CHINA BY THE IMF, WHICH AT THE SAME TIME, REFUSES TO ACCEPT CHINA AS ITS OWN RESERVE CURRENCY, EVEN FOR ITS PIDDLINGLY TINY POOL OF SDR'S THAT AMOUNT TO NO MORE THAN 4% OF THE RESERVE CURRENCIES OF THE WORLD?

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Post time 2015-10-12 08:26:41 |Display all floors
The China International Payment System (CIPS) will make the USDollar obsolete in the future.

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Post time 2015-10-12 10:09:27 |Display all floors
mikaelforsberg Post time: 2015-10-12 08:26
The China International Payment System (CIPS) will make the USDollar obsolete in the future.

The PBOC is in bed with BIS, and therefore the CIPS will not materialize.

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Post time 2015-10-12 10:23:35 |Display all floors
abramicus Post time: 2015-10-12 10:09
The PBOC is in bed with BIS, and therefore the CIPS will not materialize.

According to Sputnik News CIPS is already up and running.

"Local media reported that the Beijing-based Industrial and Commercial Bank of China (ICBC), one of the 19 direct CIPS participants, has cleared its first transaction of 35 million yuan ($5.5 million) in Singapore.

Another direct participant, Standard Chartered Bank said it had also cleared its first transaction with the Swedish home furnishing retailer IKEA through CIPS."

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Rank: 8Rank: 8

Post time 2015-10-12 10:38:43 |Display all floors
WHAT EMPEROR QIAN LUNG WOULD HAVE DONE IF THE OPIUM WAR NEVER UNDERMINED HIS INEPT HEIRS

IF CHINA IS PREPARED TO SPEND DOWN ITS FOREX RESERVES FOR THE MACRO FOLLY OF THE SO-CALLED "CONSUMER_DRIVEN_ECONOMY", IT MIGHT AS WELL DECLARE A MORATORIUM ON THE USE OF FOREIGN CURRENCIES AS PAYMENT FOR ITS IMPORTS, KEEP ITS REMAINING ONE TRILLION DOLLARS FOR RAINY DAYS SURE TO COME, AND TRULY ACHIEVE A CHINESE_CONSUMER_DRIVEN_GROWTH_ECONOMY, BUT OF COURSE, SAUDI WILL NOT COMPLY, SO CHINA MIGHT HAVE TO SEND SOME TROOPS TO YEMEN TO "FIGHT THE TERRORISTS".

BUT, WITH THE OIL GLUT BEING SO GREAT, THERE MAY BE COUNTRIES WILLING TO SELL OIL TO CHINA FOR YUANS, FINALLY.

DOES THE PBOC HAVE THE PATRIOTISM AND THE COURAGE OF LEADERSHIP TO DO THAT?  OF COURSE NOT.  IT WILL PREFER TO KEEP DONATING CHINESE BLOOD, SWEAT, TOIL AND TEARS TO THEIR JAPANESE LOVERS.

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