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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (67677)	10/31/2010 6:03:07 AM
From: elmatador	1 Recommendation Respond to of 218074

USD enough for 2 billion on an economy. Ended 1970. During Cold War period. Two billion world economy meant: USA, Europe (west), Japan and a few associated Anglo countries and some pockets of economies here and there, By 1970, the world eocnomy overgrown the system action among friends. US jumped off Gold Standard. Since then, it had been trying to patch up the system action among friends aka Bretton Woods. That patch up was done by: jacking up currencies of Europe and Japan via a currency cartel called G-7. Fleecing all capital going to LATAM (1980s) Fleecing all capital going to Asia. Late 90s) Creating artificial bubbles. The system unwinded mid 90s. Gathered pace, first decade of 2000s and runs ahead of everything that was patched up. The old system still try to use old assumptions to deny the reality that the world economy double in size and that double is out of the G7 control.

To: TobagoJack who wrote (67677)	10/31/2010 11:14:52 AM
From: carranza2	Read Replies (3) \| Respond to of 218074

Haven't followed the PRC's printing, but I really cannot see how global deflation can possibly result from its over-printing. Prices will end up higher in China ergo ditto for production costs, too, resulting in higher prices globally, dampened to some degree by any purchaser's overprinting. The rate hike was not taken seriously, it should have, since from everything I see the Chinese move very slowly and very deliberately. The same is true of the slight but deliberate move up in the yuan. The message I'm getting is that China wants to control inflation, not get caught up in a property bubble like the one the rest of the globe suffered. But it might be too late because property bubbles require drastic action, and it seems that the Chinese are loath to do anything decisively. The intra-bureaucratic negotiations must be very interesting. I think they do not wish to disappoint entrepreneurs who are the source of employment. Putting them in jeopardy puts the whole export model in jeopardy. Given modernization, my guess is that the primary focus in China is to provide as much employment as possible because the safety nets for the unemployed are very minimal. Just guessing.