Keynesian Debt vs Chinese Mercantilism
I've added this group because of the importance of the effect of each player's economic policies on the other. Particularly and currently, there is adverse pressure on the Chinese economy(as well as the other BRICs) and their savings by Bernanke's QE and low interest policies which will work to destroy Chinese savings via their Treasuries. In their turn, the Chinese have begun to develop an economic monetary strategy in earnest against the dollar now. How will this play out and what will be the effects on each country's economy?
Owner: slowsmile
Members: 4
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Great post on Naked Capitalism this morning. The potential for a trade war with China is rising. The more our USD drops, the more jobs that will go to China because of their cost advantages. When the USD declines, China's exports rise because of their peg to the dollar. They only care about employing their masses. They are build...
Posted 94 days ago
link http://theburningplatform.com
Sent to me and reposted; I am opening a new category called "other voices" for articles such as this, and will use it from time to time. Anything in here is, obviously, from people other than myself :) China Defaults, Currency Basket Threatens Dollar TSF – October 6, 2009 By Janet Tavakoli Robert Fisk exposed revived...
Posted 157 days ago
link http://market-ticker.denninger.net
A new and significant economic move against the dollar by China is happening now.(click the link) The Chinese are actively promoting and encouraging their populace to buy gold and silver with their savings. And this campaign by the Chinese government, by all accounts, appears to be working. Advertisements to purchase silver and gold...
Posted 163 days ago
link http://www.dnaindia.com