China, trade, and deficits | |
ayr phorce yuan
User ID: 77943195 United Kingdom 08/23/2019 05:43 PM Report Abusive Post Report Copyright Violation | Interesting read. China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. GLP alert level 2; "Go get a Hard Hat:. GLP alert level 1; "Put the fucking Hat on:. |
embu User ID: 76993552 United States 08/23/2019 05:44 PM Report Abusive Post Report Copyright Violation | the chinese leadership is getting desperate, fraud in the economy their numbers are bad, not directly buying american food means they have to subsidize or risk unrest even if they could get enough. 1 child policy creating pressure due to lack of women. poor living conditions due to pollution. It will get very interesting. |
Larry D. Croc
(OP) User ID: 70736097 United States 08/23/2019 05:49 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Gold isn't going to do them any good when it comes to Boeing and MDD parts and aircraft or chips from Intel, etc. There will likely be turmoil but it's necessary to at least try and get things back on track. It's been a "silent war" for years, time to get busy. "Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan |
Larry D. Croc
(OP) User ID: 70736097 United States 08/23/2019 05:51 PM Report Abusive Post Report Copyright Violation | the chinese leadership is getting desperate, fraud in the economy their numbers are bad, not directly buying american food means they have to subsidize or risk unrest even if they could get enough. 1 child policy creating pressure due to lack of women. poor living conditions due to pollution. It will get very interesting. Quoting: embu 76993552 And their population is aging rapidly. I agree with your comment about the 1 child policy; it's the law of unintended consequences writ large. One of the reasons they want to totally absorb Hong Kong is to get at the financial success. Their leadership, of course, isn't elected so they get to play a "long game" while we need to hurry things up. "Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan |
ayr phorce yuan
User ID: 77943195 United Kingdom 08/23/2019 05:54 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Gold isn't going to do them any good when it comes to Boeing and MDD parts and aircraft or chips from Intel, etc. There will likely be turmoil but it's necessary to at least try and get things back on track. It's been a "silent war" for years, time to get busy. Yes, that was my point regarding gold purchase. I don’t think their purchase of such huge amounts had anything to do with circuitry unless they are expecting issues with emp attacks, but if that starts happening on that scale it’s game over for all. I would assume the mass purchasing was as a commodity to ‘trade’, but good heavens that is a high risk strategy with a ‘luxury’ commodity. GLP alert level 2; "Go get a Hard Hat:. GLP alert level 1; "Put the fucking Hat on:. |
Larry D. Croc
(OP) User ID: 70736097 United States 08/23/2019 06:01 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Gold isn't going to do them any good when it comes to Boeing and MDD parts and aircraft or chips from Intel, etc. There will likely be turmoil but it's necessary to at least try and get things back on track. It's been a "silent war" for years, time to get busy. Yes, that was my point regarding gold purchase. I don’t think their purchase of such huge amounts had anything to do with circuitry unless they are expecting issues with emp attacks, but if that starts happening on that scale it’s game over for all. I would assume the mass purchasing was as a commodity to ‘trade’, but good heavens that is a high risk strategy with a ‘luxury’ commodity. And they were hoping to make their currency more respected in the world market, perhaps even a reserve currency. Gold would help influence that perception. I suspect a lot of that gold has found it's way out of their economy and into the getaway accounts of their elite. Chinese as a rule, not all but many, love gold and diamonds. Anyone who has any extra cash buys even 1/20 ounce gold coins whenever they can. I asked a couple of people recently from China why those two things were so popular. Their response, excuse the gross answer, was that "it fits up your ass and we never know when we need to, or have the chance to get out." Portable wealth... "Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan |
ayr phorce yuan
User ID: 77943195 United Kingdom 08/23/2019 06:21 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Gold isn't going to do them any good when it comes to Boeing and MDD parts and aircraft or chips from Intel, etc. There will likely be turmoil but it's necessary to at least try and get things back on track. It's been a "silent war" for years, time to get busy. Yes, that was my point regarding gold purchase. I don’t think their purchase of such huge amounts had anything to do with circuitry unless they are expecting issues with emp attacks, but if that starts happening on that scale it’s game over for all. I would assume the mass purchasing was as a commodity to ‘trade’, but good heavens that is a high risk strategy with a ‘luxury’ commodity. And they were hoping to make their currency more respected in the world market, perhaps even a reserve currency. Gold would help influence that perception. I suspect a lot of that gold has found it's way out of their economy and into the getaway accounts of their elite. Chinese as a rule, not all but many, love gold and diamonds. Anyone who has any extra cash buys even 1/20 ounce gold coins whenever they can. I asked a couple of people recently from China why those two things were so popular. Their response, excuse the gross answer, was that "it fits up your ass and we never know when we need to, or have the chance to get out." Portable wealth... Well I never knew that, like Krugerrand. Hey, that true about the....well....storage??? I’m hoping that was a language barrier!! GLP alert level 2; "Go get a Hard Hat:. GLP alert level 1; "Put the fucking Hat on:. |
Anonymous Coward User ID: 77887454 Australia 08/23/2019 06:27 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Official gold reserves By country [link to tradingeconomics.com (secure)] |
Larry D. Croc
(OP) User ID: 70736097 United States 08/23/2019 06:31 PM Report Abusive Post Report Copyright Violation | ... Quoting: Larry D. Croc Gold isn't going to do them any good when it comes to Boeing and MDD parts and aircraft or chips from Intel, etc. There will likely be turmoil but it's necessary to at least try and get things back on track. It's been a "silent war" for years, time to get busy. Yes, that was my point regarding gold purchase. I don’t think their purchase of such huge amounts had anything to do with circuitry unless they are expecting issues with emp attacks, but if that starts happening on that scale it’s game over for all. I would assume the mass purchasing was as a commodity to ‘trade’, but good heavens that is a high risk strategy with a ‘luxury’ commodity. And they were hoping to make their currency more respected in the world market, perhaps even a reserve currency. Gold would help influence that perception. I suspect a lot of that gold has found it's way out of their economy and into the getaway accounts of their elite. Chinese as a rule, not all but many, love gold and diamonds. Anyone who has any extra cash buys even 1/20 ounce gold coins whenever they can. I asked a couple of people recently from China why those two things were so popular. Their response, excuse the gross answer, was that "it fits up your ass and we never know when we need to, or have the chance to get out." Portable wealth... Well I never knew that, like Krugerrand. Hey, that true about the....well....storage??? I’m hoping that was a language barrier!! Nope, not a language issue. Hell, think about how people try to smuggle drugs using the insertion of condoms loaded with meth, cocaine, etc. "Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan |
Larry D. Croc
(OP) User ID: 70736097 United States 08/23/2019 06:33 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Official gold reserves By country [link to tradingeconomics.com (secure)] Note the large increase in reserves by Russia, China, and, interestingly, Argentina and Brazil. "Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan |
ayr phorce yuan
User ID: 77943195 United Kingdom 08/23/2019 06:34 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Official gold reserves By country [link to tradingeconomics.com (secure)] Thx. Interesting site, the tourism index is an eye opener. GLP alert level 2; "Go get a Hard Hat:. GLP alert level 1; "Put the fucking Hat on:. |
Anonymous Coward User ID: 77887454 Australia 08/23/2019 08:12 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Official gold reserves By country [link to tradingeconomics.com (secure)] Thx. Interesting site, the tourism index is an eye opener. If you keep tab Of finance news On that site You’ll begin understanding these murky markets |
Larry D. Croc
(OP) User ID: 70736097 United States 08/23/2019 08:13 PM Report Abusive Post Report Copyright Violation | Interesting read. Quoting: ayr phorce yuan China has spent a fair amount on gold over the past 15-18 years. I have no idea how much but I do know it’s a risky business stockpiling a commodity you do not control the consumer value of. Official gold reserves By country [link to tradingeconomics.com (secure)] Thx. Interesting site, the tourism index is an eye opener. If you keep tab Of finance news On that site You’ll begin understanding these murky markets Good site, thanks for sharing it. Getting factual information that's not skewed is getting harder and harder to do. Resources like this are valuable to help sort through the smoke and mirrors. "Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan |
Anonymous Coward User ID: 77887454 Australia 08/23/2019 08:28 PM Report Abusive Post Report Copyright Violation | |
Larry D. Croc
(OP) User ID: 70736097 United States 08/23/2019 08:34 PM Report Abusive Post Report Copyright Violation | Once upon a time I believed the "efficient market" concept, not so much anymore. Too much time hanging around conspiracy theorists I guess... "Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan |