China's Foreign Reserves Hit $1.95 Trillion

Discussion in 'Economics' started by libertad, Apr 11, 2009.

  1. http://www.chinadaily.com.cn/china/2009-04/11/content_7668745.htm

    What is noteworthy is that the US will need far more than this amount in order to try to alleviate economic woes....

    Thus so far the only tool in the toolbox is money fabrication....

    If it is the only tool one thinks that they have....this is what will be utilized....

    As everyone knows.....the losses have already happened....

    And "someone" will pay the tab...."someone" who is innocent of the problem....

    Fudging accounting rules....

    Fudging the trading mechanisms in the stock market....

    Fudging political governmental rules....

    Do not offer the "real" solutions....

    .........................................................

    Of course the issue now is the upward climb of re-establishing the confidence in stocks....the most efficient means of capital formation....At least it used to be....until legal largesse took over ....both within and around the regulators and legal entities....
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    The "Nano" movement ....is going to move China and India a long way forward....and one can include Brazil....

    The BATS style stock market will assist....as the NYSE style market will dwindle....

    A "real $300" multiplied by billions is far more than a "false $300" multiplied by millions....
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  2. There is however a viable solution....


    The Fair Tax is on the right track....but is too expensive....

    23% Consumption tax is too much....

    10% allows for competitiveness....

    23% does not allow for competitiveness....

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    The 10% tax will allow for the quickest route to a manufacturing base supported by stock capitalization....

    This is a "real" solution....
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    The" fake" money will remain "fake" money....

    Until "real" money is formed....
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    Get the shovels out....

    Time to rebuild....
     
  3. we will be back on the goldstandard in a few years.

    China has no option but to "Fund" the world in crises as all those 'Resrvs" will come crashing down and she loves the taste of "Capitalism" too much to allow that to happen.

    The middle class (200k and under) will be wip'd out in America. They will be the new "poverty" and thats the end to them.
     
  4. 200k is not middle class. And yes China could save us, but why do it? The stimulus in the US will hurt the US but it will reboot the rest of the world, since the US imports far more than it exports. Why help?
     
  5. Eight

    Eight

    We need revolution in the form of the ten to fifteen percent consumption tax. That's all the entire public sector gets, they have to live within that. Define their role as securing the borders, infrastructure, and overseeing the greedy and criminal with some tight loops on their behavior, preserving a situation where well motivated people could prosper iow... the income tax is incredibly invasive, probably not constitutional at all, how is it the Man's business how much I make? Or what I spent on health care??

    Then we can get the fourth amendment back, confiscation of property in the drug war is absolutely nuts... the conservs that went for that should fess up, they gave up a constitutional right so the bad guys would get punished... the bad guys still don't pay taxes you numbnuts folk!! They would if all the taxes were consumption taxes...