not at all, didn't white house say that chinese yuan should continue appreciation against US dollar?
in that case obama should add a 10% income savings tax for all US guys and use that forced savings to buy china's treasury bond.
he can hold bonds in a faithful way, until his anticipated chinese yuan appreciation realize after his 5-year term, then that bond will have great return isn't it. definitely will not lose value.
use a real example:
if you save 1/10 of your average salary each year, say that is 5k USD
that can fund 10 plain chinese peoples' every day life.
in reverse, are you expecting 100 chinese people to not use money to live their life, and give that money to raise 1 US worker?
can't you see who to save money and give to who to spend
is a better and more reasonable decision of money management? if you were god...
in terms of who has excess money and who can make use of money for significant life improvement, the direction should be reverse as you think.
detail example:
last Q4, white house gave citi 300 billion dollar amount guarantee of toubled assets... what does that mean?
let's pick 10% of chinese total population or 0.1 billion which are average rural chinese peasants, if you want them to pay this bill, that would mean 3000 dollar per person,
their income in Y2000 was on average 300$/year, that was 10 years income or a life's saving of a person,
would you take this person's life saving for anything casual? that's nothing but a madoff's play.
bernanke can definitely buy more treasury bonds, he can also define an obama dollar equal to 1/2 of a bush dollar value,
so you suddenly get 200% more liquidity measured by dollar numbers. isn't that maigc?
I would applaud to that idea if I am NOT holding usdollars. why should I care if I did not hold a stake? why should I not care if I do hold a stake?
I think globalization means better organization of resource, knowledge and markets to achieve better & cheaper life for everyone ...
there could be a win-win if all parties cooperate and care for the others.
to profit on other people's loss is not a good mentality if that's a long term thinking. as trader you would know, when place a bet, you lose 50% of the times.
3 out of 5 investment banks bet to failure. because they want to make extreme money via no work but bets
and magics and fake capital evaluation equations that is not backed by real work contribution and real value or use added to business or end customer.
especially, a widely perceived world leader, should not have a thinking to profit on other people's loss.
otherwise we would suspect if this is in reality a grown-up and responsible man, or a big child that is too big and too proud to fail.
in that case obama should add a 10% income savings tax for all US guys and use that forced savings to buy china's treasury bond.
he can hold bonds in a faithful way, until his anticipated chinese yuan appreciation realize after his 5-year term, then that bond will have great return isn't it. definitely will not lose value.
use a real example:
if you save 1/10 of your average salary each year, say that is 5k USD
that can fund 10 plain chinese peoples' every day life.
in reverse, are you expecting 100 chinese people to not use money to live their life, and give that money to raise 1 US worker?
can't you see who to save money and give to who to spend
is a better and more reasonable decision of money management? if you were god...
in terms of who has excess money and who can make use of money for significant life improvement, the direction should be reverse as you think.
detail example:
last Q4, white house gave citi 300 billion dollar amount guarantee of toubled assets... what does that mean?
let's pick 10% of chinese total population or 0.1 billion which are average rural chinese peasants, if you want them to pay this bill, that would mean 3000 dollar per person,
their income in Y2000 was on average 300$/year, that was 10 years income or a life's saving of a person,
would you take this person's life saving for anything casual? that's nothing but a madoff's play.
bernanke can definitely buy more treasury bonds, he can also define an obama dollar equal to 1/2 of a bush dollar value,
so you suddenly get 200% more liquidity measured by dollar numbers. isn't that maigc?
I would applaud to that idea if I am NOT holding usdollars. why should I care if I did not hold a stake? why should I not care if I do hold a stake?
I think globalization means better organization of resource, knowledge and markets to achieve better & cheaper life for everyone ...
there could be a win-win if all parties cooperate and care for the others.
to profit on other people's loss is not a good mentality if that's a long term thinking. as trader you would know, when place a bet, you lose 50% of the times.
3 out of 5 investment banks bet to failure. because they want to make extreme money via no work but bets
and magics and fake capital evaluation equations that is not backed by real work contribution and real value or use added to business or end customer.
especially, a widely perceived world leader, should not have a thinking to profit on other people's loss.
otherwise we would suspect if this is in reality a grown-up and responsible man, or a big child that is too big and too proud to fail.
DislikedThanks TIcker,
You're right! I forgot all about Geithner speaks tomorrow. And on top of that, I was reading Huffington Post about China having lost faith in the US. They are wondering about the US Bond market and their Billions invested in this country. Sunday just may be interesting after all.Ignored
Collecting pips
