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

To: Hawkmoon who wrote (67981)	11/11/2010 12:05:50 AM
From: Maurice Winn	2 Recommendations Respond to of 218903

As the US$ zooms down and up against this and that, the yuan goes right alongside it. So the yuan has fallen heavily against gold, euro, $kiwi, $oz, oil, yen, and so on. So it's a free market in yuan, just not against the US$. Admittedly it would be more free if China didn't try to fix the rate at all. China doesn't just export to the USA. It's a reasonable argument. The US$ has been pegged - Big Ben helicopters another $trillion to keep prices where he wants them. He has got in mind some price for workers or houses or Goldman Sachs shares or whatever it is he doesn't want to fall in US$. If he thinks some deflation in those prices is looming, he does some more quantitative easing to fix the price again. It's also handy [for him and the Fed beneficiaries] that he dilutes and destroys creditors holding and who are owed US$. It's financial relativity theory in action. Inside a singularity, aka black hole, beyond the event horizon, should be an interesting experience. Mqurice