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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (67296)	8/8/2007 4:17:04 AM
From: shades	Respond to of 116555

As cramer said in that youtube video you just posted - "when is it a crime or unethical to make people money?" Sheesh Mish - what is china's problem with paulson and bernanke - they just want to make people more money and zoom up those printing presses eh? (be damned what the money can buy or what it is worth) Why can't those chinese guys think like cramer - what is the crime with making more money for the people? hehe I don't get those chinese guys either talking about weapons of mass destruction and dropping nukular financial bombs - certainly they don't want to dump their US cash and make Bernanke ashamed he couldn't drop that much out of a helicopter as fast as they dropped their reserves eh? I am confused - the chinese man is holding an item that the american man can control its value (through inflation or not) so chinese man makes threats to american man to keep that value high or the chinese man himself will sink the value - I just don't get this contradiction in logic - keep the value high by not cutting rates or we will destroy the value ourselves - I mean it seems like bernanke has no choice ultimately - someone is going to destroy the value - why let the chinese man decide the terms to destroy that value - I think the american man should dictate the terms. I once knew this art collector that hoarded saroyama artwork - he would buy the limited runs - then burn all the copies but ONE so he could greatly increase its value - so if the chinese want to increase the value of the dollar - why don't they light a match to some of their reserves - they could even use it to heat chinese homes in the cold winter months eh and save some of thier coal? Could they burn it up as fast as bernanke can print it though? hmmmm.... Certainly with the coming credit crunch they are going to have something that is increasing in value after 500 trillion in derivatives go boom - what was the old saying in the depression - money is short and times are hard - why would the chinese man want to dump something that is about to tremendously soar in value and scarcity?? Do they not think credit crunches and deflations are coming?