Home » China, Currency, Economics

China To US: “We Hate You, We Hate You”

6 September 2009 295 views One CommentEmail This Post Email This Post

national-emblem-of-china-forbidden-city-5-gold-starsThis is a quote from the video below,

We hate you, we hate you. You’re spending a trillion dollars and effectively devaluing your currency.

No wonder the Chinese government hates the US! They own a few trillion US dollars worth of currency and bonds and when we devalue our currency, they take a multi-billion dollar haircut. The only we way can afford to finance our deficit spending is through issuing bonds which foreign governments are buying. When they stop buying, we start printing money to pay for these bonds and thus we devalue our currency and introduce inflation into the economy.

In order to “keep up” with us, foreign governments are issuing their own bonds in an effort to prevent their own currencies from appreciating against the US dollar. This downward chase to the bottom will only result in one thing – sky rocketing prices of gold and silver.

Check out the video below:

Related Posts
  • money-to-burnHyperInflation In The US: Possibility Or Reality? Here's an exceptionally well made video by the National Inflation Association. If you don't believe in hyperinflation (or even if you do) this eye-opening video will entertain and educate you regarding the historical currency devaluation that several other countries have faced and the total break down of economies like Zimbabwe.......
  • University of Maryland Professor Calls for $3,000 Gold With the failure of Italy and the European Union imminent, Dr. Peter Morici, professor of economics at the Richard Smith School of Business at the Univesity of Maryland is calling for gold prices to hit $3,000 per ounce. “With the implosion of Italy,” says the University of Maryland’s Peter Morici,......
Related Websites
  • The Weakening Dollar - I There's been a lot of talk regardimg the weakening US dollar and its effect on your wealth. Many people believe it can't last and the dollar will rebound. Others think that it still has more room to fall. I personally think that it will continue to fall so long as......
  • The Weakening Dollar - II Now we've seen some reasons for the Dollar's continued weakening, how do we profit from this knowledge? Here's a compendium of worthwhile investments that I've been researching. Invest in foreign currencies and foreign bonds If your bank allows you to make foreign currency deposits, that may be the simplest solution.......
  • Promise to Pay...?4 Ways To Get Out of US Dollars and Hedge Against US Dollar Weakness OK, ok, the photo is a bit hyperbolic, but it raises an essential point.  Whether or not you view the trending weakness in the US dollar a good thing, it makes sense to protect your money from further downside. Why, you may ask, should you hedge against USD weakness if......
  • Cheney Betting Against The Dollar Not exactly fresh news, but its been reported that Dick Cheney, our beloved vice-president is betting against the US Dollar. He has tens of millions of dollars in foreign government bond and currency funds and international and emerging market stocks. His excuse is that it's in a blind fund and......
  • forex994 550x250Introduction To Forex Trading If you are just starting out in the stock trading business or if you are already in it, you may have heard the term Forex trading quite a few times, but you probably might not have a clue on what it may actually mean. Forex or foreign exchange trading is......
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

One Comment »

  • Chris Weber said:

    One exception to the global ignorance of gold as money is China. This nation is mounting campaigns to educate their citizens about the value of buying gold and silver.

    China is the world’s biggest producer of steel. It is also the world’s biggest producer of gold. The steel, it mostly exports. All the gold, it keeps.

    Pretty much all the good thinking about gold as money being done today is taking place in Europe, in Asia, and in the Middle East. In America, sound thinking about money is still regarded as an activity engaged in by fringe groups.

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.