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Levin, Brown Introduce China Currency Bill

Tyler Durden's picture





 

Well, they threaten to sell our crap, we punish them for pegging to the world's most manipulated currency. Quid pro quo Clarice.

More as we see it

 


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Thu, 02/10/2011 - 16:03 | Link to Comment PicassoInActions
PicassoInActions's picture

can i use it in wallmart?

Thu, 02/10/2011 - 16:46 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Must.... close.... market.... green!

 

14 MINUTES TO GO AND THEY GOT IT AGAIN!!!

 

Thu, 02/10/2011 - 16:59 | Link to Comment dbach
dbach's picture

the afternoon boner went limp at the last minute there...

Thu, 02/10/2011 - 17:07 | Link to Comment firstdivision
firstdivision's picture

Nope, the boner hit full erection there at the end.  That was lovely manipulation there.

Thu, 02/10/2011 - 18:14 | Link to Comment SheepDog-One
SheepDog-One's picture

You know its over when your 6 year old niece runs up to you at the computer and says 'WOW imagine that, the Bernank closed it green again'?? Heh heh its so over...Charles Dow's shoeshine buy aint got shit.

Thu, 02/10/2011 - 19:00 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

Hey, smart kid, smarter than about 95% of American adults.  Give 'er a ZH "you go girl" for us.

Thu, 02/10/2011 - 16:06 | Link to Comment AccreditedEYE
AccreditedEYE's picture

Modern day Smoot-Hawley cometh! lol

Thu, 02/10/2011 - 17:28 | Link to Comment Charles Wilson
Charles Wilson's picture

Amen, Brother and pass the Plate.

Maybe somebody out there will lend us their truck and some jumper cables and we can see if we can revive Jude Wanniski!

Oh Lordy, Lordy, Lordy.

 

Are we in the soup now.  Hold on to your Dinkys and Fun Buttons folks.  We are headed for 45 miles of Bad Road!

 

TRADE WAR!!!

 

CW

Thu, 02/10/2011 - 17:47 | Link to Comment topcallingtroll
topcallingtroll's picture

I will hold the nearest funbutton if someone will hold my dinky.

Fri, 02/11/2011 - 05:02 | Link to Comment sethstorm
sethstorm's picture

So be it.  Appeasing China hasn't done us any good.

It'll be kind of nice to see it not play beggar-thy-neighbor this time around.

 

 

Thu, 02/10/2011 - 16:08 | Link to Comment QQQBall
QQQBall's picture

Fava beans will be on the tarriff list.

Thu, 02/10/2011 - 17:31 | Link to Comment Logans_Run
Logans_Run's picture

But hopefully not Cianti!

Thu, 02/10/2011 - 17:44 | Link to Comment topcallingtroll
topcallingtroll's picture

That has got to be a cantilevered crotch. Why not put it right side up so i dont have to twist my neck so far?

Fri, 02/11/2011 - 00:31 | Link to Comment StychoKiller
StychoKiller's picture

There's plenty of pr0n on the interwebz, just not on this site -- unless you count currency manipulation and fraud as pr0n -- well, party on then! :>D

Thu, 02/10/2011 - 16:08 | Link to Comment Jason T
Jason T's picture

I'm with Trump.. 25% tarriff.  We need to rebuild our manufacturing base.  IT's really too late.  

Thu, 02/10/2011 - 16:11 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Can't be done. People will riot when their salad shooters are no longer $4.99.

Thu, 02/10/2011 - 16:15 | Link to Comment Kayman
Kayman's picture

No Wait !!  That's 2... count 'em, 2 Salad Shooters for $4.99. And, of course, this handy Cheese Cutter comes with it...

Thu, 02/10/2011 - 16:18 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

wait, there's more...........

Thu, 02/10/2011 - 16:23 | Link to Comment tmosley
tmosley's picture

http://www.youtube.com/watch?v=hP0kWqJJZa4&feature=related

I think this may be the limit of American industrial capacity for a while.

Thu, 02/10/2011 - 19:09 | Link to Comment Kayman
Kayman's picture

Especially if you use a "made in China" powersaw.

1. Rope breaks on first pull.

2. Chain won't cut thru melted butter.

3. Motor overheats and burns your house down.

But, naturally, it's cheap at Chinese Wallmart.

Thu, 02/10/2011 - 16:34 | Link to Comment youngman
youngman's picture

...and thats not all.....a cap snaffler....

Thu, 02/10/2011 - 16:20 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

Channeling the ghost of Billy Mays?

Thu, 02/10/2011 - 16:21 | Link to Comment william the bastard
william the bastard's picture

Trump runs a reality show, has been bankrupted, has stiffed the public with a Jersey casino, stiffed the public with a joke of an airline, whores out his name on the most bloated of miami condos, wouldn't take a breath without ginning the vig. He's qualified!

Thu, 02/10/2011 - 16:19 | Link to Comment arkady
arkady's picture

Basic economics = fail.

Thu, 02/10/2011 - 16:43 | Link to Comment DonnieD
DonnieD's picture

Basic economics also says we will send them all of our jobs and wealth until we are on even footing.

Fri, 02/11/2011 - 06:29 | Link to Comment Bobbyrib
Bobbyrib's picture

I remember reading that in the Law of Comparative Advantage...

Thu, 02/10/2011 - 17:11 | Link to Comment arby63
arby63's picture

Agreed but make it 35%. After the announcement we should NUKE North Korea and put about 2000 Patriot Missiles in Hong Kong.

The Chicoms are mercantilist assholes. They talk a big game but they are disorganized and hold their people by the throat.

We give them way more credit than they deserve.

Thu, 02/10/2011 - 16:09 | Link to Comment grunk
grunk's picture

... until death do us part.

Thu, 02/10/2011 - 16:09 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

M.A.D. has a way of raising the tension doesn't it? Please pass the fava beans.

Thu, 02/10/2011 - 16:20 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Mutually Assured Dollarprinting?

Thu, 02/10/2011 - 16:11 | Link to Comment Shameful
Shameful's picture

rotflol!

Wait wait wait! So let me get this straight. China is thinking about selling, which would almost force them to float their currency. The side effect is a dollar wasteland...so the brain trust in DC wants to force their hand and force them to help Zimbabwe Ben blow up the dollar?

I think we have gone beyond the pale of pure stupidity. Feces flinging chimps have a better grasp on the situation. Empty out San Diego Zoo and lets get a Chimp House and Senate. Couldn't do any more harm, and the legislation might be more readable. Get enough of them working on enough typewriters and we'll get Hamlet. On the plus side the chimps will be way more cute then the current crop of sub humanoid creatures residing in Mordor on the Potomac.

Thu, 02/10/2011 - 16:23 | Link to Comment Misean
Misean's picture

We had a chimp in the War House for 8 years...really wasn't all that good.

Thu, 02/10/2011 - 16:28 | Link to Comment tmosley
tmosley's picture

Well, more like we had this guy in the White House for 8 years: http://www.youtube.com/watch?v=h8a5zUPx3Bs

Shrub was more of a figurehead.

Thu, 02/10/2011 - 16:35 | Link to Comment Shameful
Shameful's picture

Bush sadly never flung poo at any debates or press conferences...that I'm aware of but if there is a clip I'm willing to watch it.  If I'm going to live in a combination of the Twilight Zone and Far Side then I demand more comedy!  Lets go down a few notches on the evolutionary chain (I know it's arguable but I want another species dammit). Tell me you wouldn't like to see a chimp in a 5k suit sitting at a state dinner then tossing a hot load of feces at some head of state.  Imagine the media circus, and I mean that literally!  We are paying top dollar, I want top dollar entertainment!

Thu, 02/10/2011 - 16:44 | Link to Comment AccreditedEYE
AccreditedEYE's picture

 I want top dollar entertainment!

Something to hold you over Shameful...

 

http://www.youtube.com/watch?v=lKSV52JrWXQ

Thu, 02/10/2011 - 17:36 | Link to Comment topcallingtroll
topcallingtroll's picture

That would be funny as shit!

Thu, 02/10/2011 - 16:37 | Link to Comment william the bastard
william the bastard's picture

It's only been 2 years! Seems like 8!!!!

 

Thu, 02/10/2011 - 17:40 | Link to Comment topcallingtroll
topcallingtroll's picture

You havent thought it all the way through. It will be a china wasteland not a dollar wasteland.

Thu, 02/10/2011 - 17:49 | Link to Comment Shameful
Shameful's picture

Oh I have. Remove the welfare/warfare state and this country rips itself apart.  China is action packed with problems but they have a few tricks that can be used to rally the people, IE quick war with Taiwan or Vietnam.  If China kicks out the floor of the dollar the only answer would be a quick default or print to make up for the wave of selling.  I think the wave of selling might lock limit up a lot of commodities for a long time, and I'm willing to bet that social cohesion is lost well before $20 a gallon gas and milk.

Now if you are going to argue that infinite deficit spending for eternity is viable I'm willing to hear it.  But eventually the planet is going to tell us to shove off.

Thu, 02/10/2011 - 18:09 | Link to Comment SheepDog-One
SheepDog-One's picture

Yea Shameful, what does the US have preventing chaos other than about half the people on food stamps, 99+ weeks of unemployment...nothing!

Thu, 02/10/2011 - 16:12 | Link to Comment Ecoman11
Ecoman11's picture

Which one can be done faster- implementing tariffs or dumping dollars?

Thu, 02/10/2011 - 16:42 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

 

pimp & dump

Thu, 02/10/2011 - 16:12 | Link to Comment sabra1
sabra1's picture

didn't timmy say no? on one told these guys!

Thu, 02/10/2011 - 16:13 | Link to Comment Pure Evil
Pure Evil's picture

Snooze Alert: Congressional idiots running around like chickens with their heads cut off.

Next up, Bernanke prints another trillion.....zzzzzzzzzzzz

Thu, 02/10/2011 - 16:13 | Link to Comment Greater Fool
Greater Fool's picture

Is it called the "Forcing China to Unpeg So Consumer Prices Rise and Inflation Totally Kicks Our Ass Act?"

Thu, 02/10/2011 - 16:15 | Link to Comment reTARD
reTARD's picture

Let's see if they are willing to touch our banks' fecal backed securities?

http://www.youtube.com/watch?v=Vj96ZkLpbVI&feature=player_embedded
Thu, 02/10/2011 - 16:19 | Link to Comment arkady
arkady's picture

So utterly stupid, but then again, the whole world is convinced that the Yuan is undervalued so who can blame the Congresscritters from slurping up the kool-aid.

Fri, 02/11/2011 - 00:37 | Link to Comment StychoKiller
StychoKiller's picture

"POMO-ADE, the Growth Thirst Mutilator - Rich in "electronlytes".  Pour it on everything and watch it grow."

 

Still cracks me up! :>D

Thu, 02/10/2011 - 16:19 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Tit for tat...

Welcome to the start of things to come

Thu, 02/10/2011 - 16:21 | Link to Comment MrTrader
MrTrader's picture

China Currency Bill? Is this the bill presented to Wall Street a$$holes for bringing the whole country down?

Thu, 02/10/2011 - 16:22 | Link to Comment buzlightening
buzlightening's picture

bendover has AmeriCON'd set up for a free jiffy lube! It's goon-a hurt every last working class AmeriCON'd individual to the raw bone!!!! Operation prepartion "H" near completed!! OUCH!

Thu, 02/10/2011 - 16:24 | Link to Comment Misean
Misean's picture

King Arthur's rebuttal to the Black Knight comes to mind:

"What're ya gonna do? Bleed on me?"

Thu, 02/10/2011 - 17:22 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

when excalibur is freed from the stone, the sybols R no longer ossified,,,,,,,,,::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

then all who arnt nitenite knightz can uni-fry the kinkdome, ccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc

Fri, 02/11/2011 - 00:09 | Link to Comment tmosley
tmosley's picture

Cocaine is a helluva drug.

Fri, 02/11/2011 - 01:29 | Link to Comment RockyRacoon
RockyRacoon's picture

It would only bring that rat back to normal.

Thu, 02/10/2011 - 16:27 | Link to Comment Josh Randall
Josh Randall's picture

Does this mean they arent allowed to build our rail systems any more ?

Thu, 02/10/2011 - 16:29 | Link to Comment william the bastard
william the bastard's picture

imeldt is Chinese?

Thu, 02/10/2011 - 16:34 | Link to Comment Josh Randall
Thu, 02/10/2011 - 16:39 | Link to Comment william the bastard
william the bastard's picture

For the strip clubs likely

Thu, 02/10/2011 - 17:05 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

You should prollly visit before making that comment.

Thu, 02/10/2011 - 18:15 | Link to Comment Boxed Merlot
Boxed Merlot's picture

Article describes their humble almost ah shucks approach to trying to understand the native environment. C'mon, these people own more paper and deeds of trust to real estate in the valley than fannie and freddie combined, or certainly could with a couple months of interest payments on the treasuiers they're holding.

They could likely build their own railroad on CA land they already own. But don't wake the US citizen up to the fact his country's been sold out from under him, he still can't believe his country's currency is actually owned by a private enterprise.

The new Hudson Bay Co. from China trading beads for islands.

Thu, 02/10/2011 - 16:28 | Link to Comment plata pura
plata pura's picture

Oh hell yes; protectionism be called for all up in this mofo. Tariffs, getting the fok out of NAFTA, CAFTA, NKFTA, WTO, GATT, UN etc. Top it off with ending corporate personhood.

Thu, 02/10/2011 - 16:31 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

What is:  list of things that will never happen, ever?

Thu, 02/10/2011 - 17:32 | Link to Comment topcallingtroll
topcallingtroll's picture

You won the daily double!

Fri, 02/11/2011 - 01:31 | Link to Comment RockyRacoon
RockyRacoon's picture

Improbable Events for $100, Alex.

Thu, 02/10/2011 - 16:29 | Link to Comment Bigger Dickus
Bigger Dickus's picture

Benny the Mad Printer in happier times:

http://www.youtube.com/watch?v=-sKTjBZST4Y

Thu, 02/10/2011 - 16:30 | Link to Comment mt paul
mt paul's picture

dollar

dumping

tariff....

Thu, 02/10/2011 - 16:35 | Link to Comment AldoHux_IV
AldoHux_IV's picture

Heard some douchebag on tv say how we can teach the Egyptian about democratic politics-- please, it's like the fed trying to teach the Chinese how not to manipulate one's currency.

Thu, 02/10/2011 - 16:53 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

NOTHING healthier than watching douchebags on tv  //s//!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 02/10/2011 - 16:41 | Link to Comment Canucklehead
Canucklehead's picture

Slightly off topic:

Bank of America hires lawyers to contain Wikileaks.  These lawyers hire technology firms to inflitrate the hacker community and get the "goods".

Guess what happens next....

http://www.thetechherald.com/article.php/201106/6798/Data-intelligence-firms-proposed-a-systematic-attack-against-WikiLeaks?page=1

Thu, 02/10/2011 - 17:10 | Link to Comment John McCloy
John McCloy's picture

Thats cute that they found taxpayer money to ensure their corruption continues.

Thu, 02/10/2011 - 16:43 | Link to Comment jmc8888
jmc8888's picture

Hannibal will be pissed when his fava beans go hyperinflationary.  Paging clarice, once pissed off hannibal.

No Glass-Steagall, just threatening the hand that helped feed the ponzi (pre-fed). 

Woo hoo.  Way to get it competely wrong congress. 

Hannibal won't like it either, and he'll be able to smell the hooker lobbyists you banged yesterday before announcing this. 

Thu, 02/10/2011 - 17:56 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

breakfast of champions 4 the slaughterhouse 5?

cornholing chilren w/ wheat-ease!

paul krassner leaving all his wunnerfulwunnerful friends @ fuckfacebookof JOB:Paul Krassner: Why I Fled Facebook

year of the rabbit, said engles.  white rabbits, everywhe_ re:  even elmer fudd cldn't miss sez slewie 2 steweeeie:  YouTube - Jefferson Airplane - White Rabbit - (Woodstock 1969)

t.y. meta tarshush 1! that ain't no orange wedgie!  wering the purple w/ jh?  squirt0life from a dead man walk-in?  goy who posteddissez 2#srooD.  paulus, paulus, the judaspreest0unitardOprankerwanker still a-round?  ask him to say hi to the fur0Dball'r in the oceani\yc vinyurd, mebBE and maybe he can get carp0tunneler to tune inxo

2baddaboutdajack-ette...

Thu, 02/10/2011 - 17:14 | Link to Comment nmewn
nmewn's picture

It puts the lotion on it's skin!

Thu, 02/10/2011 - 17:17 | Link to Comment Quinvarius
Quinvarius's picture

There really isn't any good option here.  We did the damage aready.  Do we want to kicked in the balls or have our balls stomped on?

Fri, 02/11/2011 - 01:32 | Link to Comment RockyRacoon
RockyRacoon's picture

Doesn't matter to a gelding.

Thu, 02/10/2011 - 17:29 | Link to Comment topcallingtroll
topcallingtroll's picture

The collase of the most distorted malinvested unbalanced economy of all time will be interesting to watch. They will probably after lots of bluster pull themselves back from the brink and give us most of their material wealth increases and glumly accept their fate over the next two years. We can replace china with bangladesh and vietnam if they dont play nice and do what the new master says. Piss on them harder ben. Make sure they know that you know they have no choice. If they decide to play chicken a little longer we know who starves and riots first. So do they!

Thu, 02/10/2011 - 17:55 | Link to Comment Clint Liquor
Clint Liquor's picture

The collase of the most distorted malinvested unbalanced economy of all time will be interesting to watch.

You are be describing the USA?

Thu, 02/10/2011 - 18:08 | Link to Comment gwar5
gwar5's picture

Chinese currency bill..... this is ridiculous. 

They should just impose tarriffs, and justify it, if that's the way they want to go.

 

Thu, 02/10/2011 - 18:10 | Link to Comment SheepDog-One
SheepDog-One's picture

Now we're going to try to bully around China? NICE work, Clowngress!

Thu, 02/10/2011 - 19:37 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

Stop debasing our currency?  Noooooooooo.

Stop bullying / threatening other nations into revaluing theirs?  Noooooooooooo.

Start making stuff here again so we don't have to buy everything from China?  Noooooooooooo.

Start doing anything that would approach common sense?  Noooooooooooooooooooo.

Thu, 02/10/2011 - 21:20 | Link to Comment Yen Cross
Yen Cross's picture

 That's about it Levy Brown and company. Do ya feel lucky? Do ya?? PUNK!

I'll drill ya so deep they will have to pump Sun Light to ya.

Fri, 02/11/2011 - 04:44 | Link to Comment oh_bama
oh_bama's picture

Digital option for "Nothing will be done" is 0.5 bid. If they achieve nothing other than normal politician mombo-jumbo talk, I get paid $1 by 11PM 4/30/2011, (nothing is defined as RMBUSD appreciated less than 3%)

Otherwise you keep my premium. Any offers?

Those guys only talk the talk. They can never get anything done..

 

wahahahahahhaha

 

Fri, 02/11/2011 - 07:43 | Link to Comment teichman317
teichman317's picture

Its not beggar-thy-neighbor its peg-to-thy-neighbor

Do NOT follow this link or you will be banned from the site!