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Just think what the trade balance would be if American consumers actually had jobs and made money.
One man's surplus is another man's deficit.
This will end in tears....and war.
OT or not;
JEW HASIDIC BROOKLYN NEW YORK BASED NEWS PAPER PRACTICES SHARIA LAW IN AMERICA!
"A big hat-tip to Failed Messiah (who gave a hat-tip to Critical Minyan) for breaking the news that an Ultra-Orthodox Hasidic Jewish newspaper, Der Tzitung, has determined that the photo of top U.S. leaders receiving an update on the mission against Osama bin Laden was too scandalous.
What was so offensive about the image? U.S. Secretary of State Hillary Clinton was in the photo and, based on good intel, the editor of Der Tzitung discovered that she is a woman. The Hasidic newspaper will not intentionally include any images of women in the paper because it could be considered sexually suggestive. The iconic photo shows President Obama, Vice President Biden, and members of the U.S. National Security Team in the Situation Room of the White House. Secretary of State Clinton, wearing a long-sleeved suit jacket, sits with her hand over her mouth. I'm not sure how Der Tzitung determined this was a racy photo. Perhaps they just don't like the idea of a woman with that much political power."
Hasidic Newspaper Photoshops Hillary Clinton from Iconic Photo
Way too negative and unamerican!
Be a patriotic person, can you?
Just trust the government. Trust the FED!
Ben can solve the problem. One man's surplus FIXES another man's pain.
That is called Quantitative EASING!!
DID I TELL YOU BTFD?
WHAT THE HELL IS GOING ON HERE? CAN SOMEONE PLEASE EXPLAIN TO ME WHY JEWS ARE PRACTICING SHARIA LAW IN MY COUNTRY RIGHT UNDER OUR NOSES? I DON'T CARE IF IT IS MUSLIM SHARA OR JEW SHARIA. I DON'T WANT IT PRACTICED HERE IN MY COUNTRY! HOW LONG HAVE THOSE JEWS BEEN DOING THIS?
i replied below, but i bounced out of the thread.
Bottom line take away -- learn about the Hasidim.
I call it buying your own goods with your own money.... where "you" (metaphorically speaking) are suffering from multi-personality disorder.
not that good, look at it as a constant financial bleeding... given enough time.... you know what it leads to....
What do you expect from a parasitary relationship? Thats the whole point of an "abuser-dependent dependent-abuser" relationship..... it works..... until it doesn't work..... the "process" constantly "leaks", and can only be sustained by constant external additional input. Parasitism.
China actually has a lot going on, and is seriously important. http://bit.ly/lWu18k
The hew and cry is silly. Learn something. I was amazed at these data points.
Looked at them. But I would be very careful.What you call "data" is a actually more a point of view (almost sounds like one of these power point presentations of a product) - I could easily point out that China is also the country with the most riots and protests in the world, and that number is increasing very fast in the last few years.
Plus, as a German I am not in favour of a "closed" system. There is a lot of potential, yes. But there is also a lot risk involved. As a business partner it is now more important than the USA. But I am still cautious. China has not shown it's full potential so far. When it does, it will get serious. It might not get to that point within the next 10-20 years. Everything depends on their ability to get a stable and open society. As long as they don't care about international law, they must be dealt cautiously. We've spent a lot of time, energy and money for the design and research of our products. This is the core value of our company. And we are more focussed on long term solutions, than short term profits.
One thing I want to add. Five years ago, everyone here was uberoptimistic and enthusiastic about Russia. But now that mood has changed. Russia is still an important economic partner.
We've spent a lot of time, energy and money for the design and research of our products. This is the core value of our company. And we are more focussed on long term solutions, than short term profits.
Very good reasons to be extremely cautious when dealing with "closed" States that don't care about international law.
You as a german, actually live in the same economic role as china. Your economy is based on the same bullshit as china (lending and export bias). And before you now suddenly out of nowhere become a patriot, i'm german too.
Yes, I know. That's part of our interior problems in Germany and I am not in favour of this economic policy. In fact, I believe it is a terrible mistake.
A "terrible mistake"?
Thinking that "giving others money on credit, so that they would buy our goods" could be sustainable at all, isn't a "terrible mistake"... it is completely braindead.
Or as i phrased it elsewhere "You lend money to yourself to buy your own goods, where 'you' have multiple-personality disorder".... it's so stupid that it hurts. But hey, the GDP and stuff will look good, and debt too will look good, because all the cash that we lended, is economically treated as an asset, rather than a loss.
And then, when SHTF.... what happens is what we have now...... everyone screaming at each other and making a media circus..... because NOONE could have seen THIS coming.... riiight.
blame china, meanwhile
so many distractions in a shell game
The yuan will never, ever, ever, ever, evereverEVER... de-peg from the dollar. Trust me, I work at Wal-Street.
That is the reason I won't trust you
Maybe someone would have believed you in early 2005 (Chinese year of the rooster)... the CNY was depegged that year and it has been allowed to float somewhat against a basket of world currencies since then. Grow up, educate yourself, and get a real job.
I'll take responsibility... but you need to start swimmin' in the deeper end of the pool.
I work "at" Wal-Street
Wall Street, Wal - Mmmarr - Street
I swear Jeopardy questions are easier now-a-days too.
8/10, honestly you can`t compete with Chimerica.
6/10, but only cuz I heard that one before. ;)
"WalStreet" is fantastic! May I use this?
Of course! Just start being nice to the greeters ok!
I smell somethin' afoul.
Take a bath.
What would happen if China suddenly acquiesces and floats the RMB, and RMB:USD hits parity? Would price inflation is simply transitory be the slogan of the administration?
The law of unintended consequences or be careful what you wish for - take your pick.
China would catch the japan disease.
Yes that is exactly what the fed would say and they would be correct, assuming that monetary policy was non inflationary.
I don't get it. Chinese made stuff up all the time. Why not fake the GDP again to show that they have slowed down the trade deficit.
They have been pounded by US and everyone about their currency undervalue. This report doesn't help at all.
If they had come up with a narrowed trade gap, they will be off the hook for a while.
Also, more the trade surplus, they have to invest more. And that means they may have more US dollar reserve. I thought they want to dump the dollar. This report doesn't help and doesn't make sense.
Are the Chinese just want to bolse their economic surplus ?
I don't understand why they just not buy more oil ? Their cities are starving on gas. And OPEC is saying demand is getting low. Why not buy more oil to trade off the surplus.
It just doesn't make sense. Keeping foreign currencies at this stage is just like stocking up on toilet paper. Any one of the fiat currencies collapse, they will be the biggest suckers in the history of mankind.
The chinese have to hold their surplus mostly in financial assets. They cant just start buying a lot of extra oil unless they want the price to shoot up to 200.
When they start buying commodities in large amounts it causes increased prices. With a suppressed yuan their profit margins get smaller.
The chinese have capped their dollar percent profit margin and dont dare spend too much on commodities for fear of raising input costs.
Maybe China is planning the old divide and defeat strategy. Some imaginative loaning to Meridional and Eastern Europe, at competitive interest rates, could bring them good political and economic allies,forever grateful, and they can use worthless fiat currency which they possess in abundance, while they fragment the western world into pieces.
Hey, the USA plus EU countries with their own 100% homemade mega debt spiral are doing it for them! When you see the current tug of war going on....FED vs Main street via printing press; ECB vs sovereigns and their main street people as well...who needs a China syndrome excuse to hot up the deep fried western frankfurters with chinese concocted ketchup!
But if you ask them into the party, like the USA does buying their goods against credit, as the EU does now selling their sovereigns and sovereign debt, hand over fist, they'll bring their own ketchup ...FOR SURE! They ARE an old dog type country. You don't have to teach them those ole tricks!
There is your China doomsday trade, inflation must be going ballistic over there. 3-6mths out and China is toast.
Can't see this going on for much longer, commods are correcting, shanghai/asia marekts are sideways. Warning signs galore.
Ha, China releases their surplus and All Ords sink. Do the equation. 2011 is going hit hard.
China CPI due out Wend 11. They can't BS any longer, they will give a truthful measure (as much as they can) cause those butnuts have got to tighten
China April Trade Surplus Jumps To $11.4Bn ..As Yuan Parity Hits New Record High Of 6.4950
demonstrating once again the nonsense that a strong currency is bad for exports and a weak currency boosts exports... business hedges currency, they're not half as stupid as economists and politicians twiddling, fiddling and jawboning with an economy they know jack shit about
how are US exports and trade balances since Timmays weak Dollar policy began?
..no difference whatsoever... someone should tell Timmay and crony economists his policy does not work
It is working quite well.
The most visible aspect is nets around chinese worker dormitories to catch suicidal jumpers.
Another was the recent trucker strike.
There are signs all around that the pressure is building up in the pressure cooker. It is funny watching the chinese pretend that it's business as usual.
I'm interested in the breakdown of these figures i.e. what the relative contribution of low value added goods (e.g. toys, clothes, electronics etc) and high value added goods (e.g. power stations, mining equipment etc) are to these figures. Seems like they buy a lot from ROW (presumably primary inputs) and sell it to US and EU (LVA).
You need to brush up on you knowledge of Hasidic Orthodox Judaism.
Start here: http://en.wikipedia.org/wiki/Hasidic_Judaism
They would not be following Sharia Law, or course, but Talmudic Law. Other (superficial) things in common between the two groups: no pork, women's heads must be covered, men and women never shake hands (the pious wont even speak to women), gender-segregated worship services, etc.
The name of the paper that did the photoshop trick translates (I think) as "The righteous people" so you better believe they are going to hold to the letter of their Law.
Come to Brooklyn some time and visit them. They make good food.
Yeh? Careful. I gotta chinese soul. I'll eat anything.
the chinese always think 5 moves ahead compared to the US. china setting itself up for the new world currency (gold) which they have amassed. all their exports have inflation written all over it for the consuming nations. am sure all this will end up in chinas' favor!
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