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Message
re: Bears need to wave the white flag
Posted on 4/9/20 at 10:47 am to mule74
Posted on 4/9/20 at 10:47 am to mule74
quote:-Parliament of the United Kingdom (probably?)
They need a Pound Sterling to stay strong so that we can continue to buy their crap
I respect both Russian’s and wutang’s stances and thoughts on this board. That said, I think that in a collective currency race to the bottom, there will still always be a stronger currency relatively. Which one will that be in the end? The Fed will damn sure try to make sure it’s the dollar but could destroy it in the process.
But admittedly, I’m primarily a lurker here leaving discussion to those smarter than me in this arena. So what do I know? I’ll hang up and listen.
0
Posted on 4/9/20 at 10:50 am to NC_Tigah
They allegedly have $13 trillion USD resrves stacked in offshore accounts. That's more than the entire amount of dollars circulating in the real economy in the U.S.
And they are not a creditor nation, this isn't 2006. They are running dual deficits like we are.
And they are not a creditor nation, this isn't 2006. They are running dual deficits like we are.
Posted on 4/9/20 at 10:51 am to wutangfinancial
Just wait until the bond bubble blows. All the dollars will pour into the U.S. and then we know what happens next.
Got physical gold?
Got physical gold?
Posted on 4/9/20 at 10:52 am to wutangfinancial
quote:Who is "they"?
They allegedly have $13 trillion USD resrves
Whoever you claim it is, you're saying one entity owns over half of the U.S. debt?
How about giving a link for your claims. Thanks.
Posted on 4/9/20 at 10:56 am to LSURussian
Know how we will know that the Fed has truly lost control and the new global reserve currency is at our door?
Posted on 4/9/20 at 10:56 am to LSURussian
The CCP.
I didn't get a chance to follow up on your last "they" question. That was a reference to the Fed before with the swap lines.
I didn't get a chance to follow up on your last "they" question. That was a reference to the Fed before with the swap lines.
Posted on 4/9/20 at 10:58 am to Hussss
quote:Oh, it was an accident alright.
Those that think this is all by accident are just not paying close attention.
China gathered the highest concentrations of CoV infected bats in the world and brought them to Wuhan labs for study. Lab workers came into repeated contact with the infected bats. There are reports of multiple incidents requiring quarantine. All this occurred in the middle of a densely populated huge city.
When informed of a CoV outbreak in Wuhan, their lead virologist thought first lab contamination as a source, not some fictional batsoup vender in the Huanan Market. But if one buys into the Bat Soup premise, the fact the wet markets are now back up and running is not exactly a responsible act.
So either way, this was an accident born of negligence. If China does not understand that now, it will at some point.
Posted on 4/9/20 at 10:59 am to Hussss
quote:
Know how we will know that the Fed has truly lost control and the new global reserve currency is at our door?
Dude, seriously. Let these two finish their conversation. Quit trying to interject yourself in the middle. No one gives a shite about what you have to say. Just sit in the corner and listen to them.
Posted on 4/9/20 at 11:00 am to NC_Tigah
This was an act of war by China and most Dems are actually on their side.
We are at war on all fronts. Domestically AND globally.
We are at war on all fronts. Domestically AND globally.
Posted on 4/9/20 at 11:02 am to Janky
I’m trying to look out for you and everyone here to see the big picture in all this but you are too shortsighted.
Posted on 4/9/20 at 11:05 am to wutangfinancial
quote:Okay, and a link?
The CCP.
And why would China need an offshore account to hold the U.S. debt they own? They ARE already offshore.
Your posts aren't making sense.
quote:Okay....AND??
That was a reference to the Fed before with the swap lines.
Posted on 4/9/20 at 11:06 am to Janky
Hessssss has been all over this. He just gets shite on because the Federal Reserve was able to stabilize asset prices in Q4 2018 when the whole ship was going down. At that point, all of these actions became inevitable and the debt from 2008 was officially monetized. Just go look at bond volatility. That appears to be Jerome Powell and friends' only concern.
It's fine that most of this board trusts the instiution to kick this can again, but at some point they won't be able to. Most people seem pretty happy that the nominal value of their 401k's is going up.
It's fine that most of this board trusts the instiution to kick this can again, but at some point they won't be able to. Most people seem pretty happy that the nominal value of their 401k's is going up.
Posted on 4/9/20 at 11:10 am to wutangfinancial
quote:
Hessssss
It's Hussss...and he is a jackass.
This post was edited on 4/9/20 at 11:11 am
Posted on 4/9/20 at 11:10 am to wutangfinancial
AMEN
And once people REALIZE what it takes to keep a debt based monetary system afloat only THEN can they understand the true mechanism behind all this!
In summary: Fed can print / digitally add CREDIT (money) to a screen BUT they need BORROWERS to make it happen! Without BORROWERS the debt based ponzi COLLAPSES.
I would hope everyone can SEE that they now have PLENTY of BORROWERS.
And once people REALIZE what it takes to keep a debt based monetary system afloat only THEN can they understand the true mechanism behind all this!
In summary: Fed can print / digitally add CREDIT (money) to a screen BUT they need BORROWERS to make it happen! Without BORROWERS the debt based ponzi COLLAPSES.
I would hope everyone can SEE that they now have PLENTY of BORROWERS.
This post was edited on 4/9/20 at 11:12 am
Posted on 4/9/20 at 11:13 am to LSURussian
quote:
Okay, and a link?
Because they are "privately held" entities not deemed CCP. I think they have a little over $3T in USD reserves they officially report. There is no link to be provided. It's been estimated much like people estimate the real growth in their economy but nobody actually knows.
quote:
Okay....AND??
And that would imply that what I'm saying about a shortage of dollars is correct. It's going to cause massive pain overseas. The dollar stregthening will increase the debt burdens for those countries. There are many many high profile investment professionals that agree. That being said, nobody has a clue what will happen because all of this is unprecedented.
Posted on 4/9/20 at 11:13 am to Hussss
quote:
I’m trying to look out for you and everyone here
Posted on 4/9/20 at 11:15 am to NC_Tigah
quote:
Oh, it was an accident alright.
I've been wanting to know how long it took for the virus outbreak to make it up to Xi. Can you imagine being the person that had to break that news to him?
Posted on 4/9/20 at 11:15 am to wutangfinancial
ZeroHedge, right?
Posted on 4/9/20 at 11:16 am to LSURussian
I will ask you again:
Once the bond bubble starts to unravel and the Fed starts to lose control, know how we will know that a new global currency is at our door?
Once the bond bubble starts to unravel and the Fed starts to lose control, know how we will know that a new global currency is at our door?
Posted on 4/9/20 at 11:17 am to Hussss
quote:
In summary: Fed can print / digitally add CREDIT (money) to a screen BUT they need BORROWERS to make it happen! Without BORROWERS the debt based ponzi COLLAPSES.
Not only that, but to lend/borrow money there has to be collateral. Right now all of the collateral is toxic.
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