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| User Info | RED ALERT! China and another asian country will DEVALUE! in forum [Rumors] | |||
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Mtgspy Posts: 5860 Incept: 2007-10-27 
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will devalue their currency within a week or two. Risk is 80-90% at this point according to source in DC. I am not at all looking at this angle and caught off guard. The informer wasn't into economy and only knows fact. Can anyone explain why this move is made? ---------- You kill them all! - Genesis Last modified:
2008-12-04 21:14:51 by mtgspy
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Phirang Posts: 8084 Incept: 2008-10-25 
Fields of Cannae
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BIS meeting in siam reap ongoing. Your source is correct. ---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell Last modified:
2008-12-04 21:09:20 by phirang
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Mtgspy Posts: 5860 Incept: 2007-10-27
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More from the source: 30-35% haircut. The other one seems to be Korea. ALL other currencies will have to follow as even NOW they couldnt compete in price with the price leaders china and korea. WTF is this about? ---------- You kill them all! - Genesis 2008-12-04 21:12:06
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Phirang Posts: 8084 Incept: 2008-10-25
Fields of Cannae
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Asian economies are committed to fighting deflation! I'm bidding for some KGC tomorrow: that's all i know!!! ---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2008-12-04 21:15:04
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Genesis Posts: 66463 Incept: 2007-06-26 
Royal Flush!
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A "**** you!" to the United States for dicking them. BAD JUJU. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-12-04 21:15:49
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Mtgspy Posts: 5860 Incept: 2007-10-27
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How does it constitute a "**** you"?
---------- You kill them all! - Genesis 2008-12-04 21:16:19
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Think dude.....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-12-04 21:17:28
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Phirang Posts: 8084 Incept: 2008-10-25
Fields of Cannae
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Trade war
---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2008-12-04 21:17:33
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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See what happens when you deal other nations a **** SANDWICH? Remember we tried to **** the KDB too (Lehman) ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me Last modified:
2008-12-04 21:18:18 by genesis
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Mtgspy Posts: 5860 Incept: 2007-10-27
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Sorry, I am not caught off guard this badly, couldn't think, but I will try drink a glass of wine and a bowl of soup maybe it helps.
---------- You kill them all! - Genesis 2008-12-04 21:18:28
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Scotch. This calls for Scotch.
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-12-04 21:18:52
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Phirang Posts: 8084 Incept: 2008-10-25
Fields of Cannae
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Well, I'm getting out of FXP for sure now... this is rally-licious. This must be what Xiaochuan came to tell Paulson: go **** yourself. haha ---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2008-12-04 21:19:20
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Teachmehow Posts: 1409 Incept: 2008-02-17
trenton nj
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does it matter ? we dont produce very much anyway.. just cheaper walmart trinkets
---------- patiently waiting for that unexpected and sharp discontinuous response 2008-12-04 21:19:40
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Oh this matters a great deal. Sit down and think this one through. It is very un-funny if this is starting - Bernanke has ZERO he can do about this. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-12-04 21:20:31
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Mtgspy Posts: 5860 Incept: 2007-10-27
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I think, steel, cement, and basic production in US (think MMM) will have issues with this. I think if it is real it wont come down easily without hundreds of lobbyists lining up asking Paulie to do something.
---------- You kill them all! - Genesis 2008-12-04 21:21:59
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Phirang Posts: 8084 Incept: 2008-10-25
Fields of Cannae
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Right, and then what happens to our treasury market? It kills their plan to reflate by piggy-backing bank capital onto the treasury market: the Chinese were clearly ****ed they were getting treasury returns to refinance the US banks who were then making bank on whatever fraud they had at hand. ---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2008-12-04 21:23:03
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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THERE IS NOT **** PAULIE CAN DO. CONGRESS, on the other hand, WILL raise Tariffs into this. Smoot-Hawley anyone? Here we GO! ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-12-04 21:23:13
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Eaglewwit Posts: 1458 Incept: 2007-11-30 SoCal Online
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Surely Bennie and Hank have seen this coming and have a plan. Maybe a 2 Trillion TARP will do it.
---------- "Not even I imagined we would see trillions of dollars being created and given to the culprits as a means of allegedly "saving" the system. This is not mere Keynesianism; it is Keynesianism on steroids and crystal meth." 2008-12-04 21:26:26
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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The plan was "be the **** out of office before this happens." Oops. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-12-04 21:27:04
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Phirang Posts: 8084 Incept: 2008-10-25
Fields of Cannae
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Synthetik is working on a pic of a bar of bullion up paulson's ass. I think it's most apropos. ---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2008-12-04 21:28:35
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Eleua Posts: 9192 Incept: 2007-07-05
N 47.72/ W 122.55
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Tariffs on goods from a slave nation? ---------- If you jam it down our throats in 2009, we will stick it up your ass in 2010. (if we survive that long) A.C.O.R.N. - A Criminal Organization Racketeering Network 2008-12-04 21:31:22
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Mtgspy Posts: 5860 Incept: 2007-10-27
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what do we do? I am sweating blood. I know how to handle J6P and subprime mortgage? But if this happens AUD has to do the same - absolutely no way to compete. Japanese won't sell dick anymore and there is ZERO they can do from fiscal or monetary. The US cannot devalue against anything else outside china because that is irrelevant, this is US-china issue and I think Gen is right, it could be tarriffs war. Now I understand the clip bush had in this one (skip to 3:30) http://www.youtube.com/watch?v=InFBnX87l.... ---------- You kill them all! - Genesis Last modified:
2008-12-04 21:32:09 by mtgspy
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Asianbull Posts: 2125 Incept: 2007-09-03
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As I stated earlier today, a virtual Plaza Accord is taking place. BTW, the real crisis(run on the dollar) is just beginning. Ironically, this will be good for everything except USD and US Treasuries. Stocks, are nothing more than long-dated TIPS, except the CPI input is market based. The real juice will be in commodities.
---------- The root cause of all the world's problems is inflation. The only sound money in the world is commodities. 2008-12-04 21:32:18
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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We're ****ed. This is what CONgress gets for passing the EESA and then not yanking it IMMEDIATELY when Paulson dicked them. Remember, the original plan was to buy off the Chinese - as disclosed to Congress. They ****ed them. Now we pay and there isn't **** we can do about it. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-12-04 21:33:09
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Mtgspy Posts: 5860 Incept: 2007-10-27
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WTF are you talking about AB, please spew crap somewhere else.
---------- You kill them all! - Genesis Last modified:
2008-12-04 21:34:18 by mtgspy
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