Now Britain Prints More Money!
-
Andrew Yap,
How about your "dollar as safe haven" standpoint?
Your so-called "Chinese despots" appear to have foreseen the future while you were still "pom-pom dancing" for U.S dollar. That is why their leaders were on whirlwind tours and shopping spree across 4 continents last month. Gee, these communists know capitalism inside-out. Africa will surely be poured down with massive dollars.
Again, as I said the other day, always stick to something tangible or at least something closely linked to very tangible assets.
-
Originally posted by angel7030:
The option to remove a post is possible, however,
Preferences are only given to IMH patient, Uncle, you got that got that previlege....and you know that because you are an IMH patient or because you are as you claimed...
" After all, I am an Angel of God"?
-
Originally posted by tai gok nang:
Andrew Yap,
How about your "dollar as safe haven" standpoint?
Your so-called "Chinese despots" appear to have foreseen the future while you were still "pom-pom dancing" for U.S dollar. That is why their leaders were on whirlwind tours and shopping spree across 4 continents last month. Gee, these communists know capitalism inside-out. Africa will surely be poured down with massive dollars.
Again, as I said the other day, always stick to something tangible or at least something closely linked to very tangible assets.
Can you point to one post, just one post, that I claimed ""dollar as safe haven" " status?
You have a delusion?
What I kept saying was that the Chinese despots cannot revalue their currency against the US dollar because they are impotent but the Japanese can.
-
Those impotent, despot run countries, Singapore, China, will suffer because they are impotent to revalue their currencies against the US$
CRUDE OIL
-
Americans Getting Jobless Benefits Jump to Record 5.47 Million
By Timothy R. Homan
March 19 (Bloomberg) -- The number of people collecting U.S. jobless benefits swelled to a record 5.47 million, indicating employees, once fired, aren't finding other work as companies cut costs.
...and why not? The US government just prints more dollars to pay them and they use it to buy made in China goods.... hahaha it is so good to be an American...
-
Originally posted by AndrewPKYap:
Can you point to one post, just one post, that I claimed ""dollar as safe haven" " status?
You have a delusion?
What I kept saying was that the Chinese despots cannot revalue their currency against the US dollar because they are impotent but the Japanese can.
You said not just that.
"How can the US $ lose its value? When people stop using the US$ for international trade.
Otherwise, it is not going to happen.
You do not use the US $ then what do you use? The Chinese Renminbi? hahahahaha dont make my toes laugh.
As long as the US$ is used for "everything" and "everything" is priced in US$, the USA can print US$ and get away with it."
Are you sure that is going to go on? If the US continues to create another mountain of debts, the dollar will become too unstable, hurting international trade. Don't underestimate China.
I absolutely agree with Europe and Canada that America and its supporters elsewhere, including you Andrew Yap, are too complacent. And this is a dangerous mindset.
I encourage you to hoard as much US dollar as you want because people have no other alternatives. And good luck!
-
Originally posted by tai gok nang:
You said not just that.
"How can the US $ lose its value? When people stop using the US$ for international trade.
Otherwise, it is not going to happen.
You do not use the US $ then what do you use? The Chinese Renminbi? hahahahaha dont make my toes laugh.
As long as the US$ is used for "everything" and "everything" is priced in US$, the USA can print US$ and get away with it."
Are you sure that is going to go on? If the US continues to create another mountain of debts, the dollar will become too unstable, hurting international trade. Don't underestimate China.
I absolutely agree with Europe and Canada that America and its supporters elsewhere, including you Andrew Yap, are too complacent. And this is a dangerous mindset.
I encourage you to hoard as much US dollar as you want because people have no other alternatives. And good luck!
When I asked, "How can the US $ lose its value? When people stop using the US$ for international trade...."
I mean of course, the US$ losing its value like the Zimbabwean dollar. That might change in the future, when the world agrees on another currency but at the moment, is there another currency that the world can agree on to use?
Nope, and as long as the world does not have another currency to use in international trade, the US$ will keep its value.
Of course if they keep on printing "too much" then the value has to fall but do you think that they are that stupid as to print "too much"?
They print enough to give them an unfair advantage in world trade but not "too much".
They can afford for the US$ to fall but not "too much".
China, as long as it continues as a coolie economy, cannot afford to revalue their currency up. If they can transform their economy from a coolie economy into a tow kay economy, they might be able to, but do you see that happening anytime soon?
The US$ has another trick up its sleeve. When the price of oil goes up, the amount of US$ needed in the world goes up with it.
I am too lazy to find the post where I said to hoard your money, if you are hoarding money (probably in my Are foreigners pulling money out of Singapore banks? thread) you should hoard the Yen.
Subsequently, I said to keep your money in hard assets. "you must take their paper money and use it to build businesses, convert the money to real assets under your control " "07 Mar `09, 9:16AM"
Where did I ask you to hoard your money in US$? Name one post that I asked you to do that. You have another delusion?
-
Geithner Puts Finishing Touches on Plan to Revive U.S. Banks
By Robert Schmidt and Rebecca Christie
March 21 (Bloomberg) -- The Obama administration put the finishing touches on a plan to remove troubled assets from banks’ balance sheets that will be unveiled early next week."
-
...expect the US to announce that they are printing more money on monday... if they announce the plan to buy up toxic bank debts
-
If you buy the concerns for hyper-inflation, you can buy ETF GOLD. But make sure you are not leveraged/highly leveraged in the Singapore exchange (SGX)
Live Quotes from SGX
Last Change % Vol B Vol Buy Sell S Vol High Low IOPV
Live Quotes from SGX
GLD 10US$94.750 +3.090 +3.4 21,060 150 94.750 94.800 110 95.000 93.560 93.64 -
Wha lau!!!, damn, sunday, my Uncle also work...shit! IMH today close, damn running out of medicines for my Uncle liao...
-
Originally posted by angel7030:
Wha lau!!!, damn, sunday, my Uncle also work...shit! IMH today close, damn running out of medicines for my Uncle liao...
..back to your IMH fixation? You having a Relapse?
-
Originally posted by AndrewPKYap:
..back to your IMH fixation? You having a Relapse?
Normal, the doctor told me, IMH patient like u like to say other having a relapse, one of the sign of brain north hemisphere half damaged.Take care Uncle.
-
Originally posted by angel7030:
Normal, the doctor told me, IMH patient like u like to say other having a relapse, one of the sign of brain north hemisphere half damaged.Take care Uncle.
Your IMH doctor told you? Poor thing. As an insane young ger, you get raped a lot?
-
Originally posted by AndrewPKYap:
Your IMH doctor told you? Poor thing. As an insane young ger, you get raped a lot?
normal, aiya, too bad, yr medicines run out liao...guai guai relax ya. Tomorrow we go see Uncle Doctor Lee. -
Originally posted by angel7030:
normal, aiya, too bad, yr medicines run out liao...guai guai relax ya. Tomorrow we go see Uncle Doctor Lee.
I think you are the one who need medication and in the process, trying make others going mad, like you. -
• Which of the ETFs listed on SGX can be purchased using CPF funds?
Currently, StreetTRACKS® STI ETF and SPDR® Gold Shares are CPF approved investment.
-
China backs alternative to US dollar
CNN International - 3 hours agoBEIJING, China (CNN) -- China, flexing some of its might as a growing economic power, has suggested overhauling the global monetary system by boosting the use of an alternative to the US dollar.US, Europe brush off calls for new reserve currency Globe and MailChina blocks YouTube
guardian.co.uk - 1 hour agoThe authorities have blocked the service on previous occasions and, more frequently, have prevented access to specific videos. Google, which owns YouTube, confirmed that Beijing halted access to the site this week but said it did not know why.China criticised over YouTube BBC NewsYouTube blocked in China CNN InternationalSo what if the despots back an alternative to the US dollar? As if the people of the world are so stupid as to listen to despots runing a country so idiotic that it blocks www.youtube.com
-
Back to topic title.....
U.K. Gilts Slump After First ‘Failed’ Bond Auction Since 1995
By Kim-Mai Cutler
March 25 (Bloomberg)
The yield on the 10-year gilt jumped 10 basis points to 3.43 percent by 11:45 a.m. in London. The 4.5 percent security due March 2019 slipped 0.84, or 8.4 pounds per 1,000-pound face amount, to 109.02. The yield on the two-year note rose six basis points to 1.30 percent. Yields move inversely to bond prices.
-
will bank of england then underwrite the gilts?
-
...and the US auction...
Anemic Treasury auction effects felt beyond bonds
-
Originally posted by Daddy!!:
will bank of england then underwrite the gilts?
Bank of England chief: UK cannot afford budget giveaway to boost economy
Mervyn King, the governor of the Bank of England, fired a shot acrossGordon Brown's bows yesterday when he warned that the deteriorating state of Britain's public finances ruled out a giveaway budget next month to boost the economy.
-
Purchase of Treasuries to continue
China Daily - 1 hour agoBy Zhang Ran (China Daily) The nation will continue buying US government debt but pay close attention to possible fluctuations in the value of the assets, ...For all their talk.... like they got any other alternative, DESPOTS!!!!
-
Geithner won't say if more bailout money needed
By Glenn Somerville
WASHINGTON, March 29 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Sunday the government will have about $135 billion left after banks give back some bailout money and declined to say whether he will ask Congress for more.
-
.........................................................................