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The US vs China Currency War For Dummies

Tyler Durden's picture




 

We have a sinking suspicion we know who the ultimate winner of this particular war will be.

Via Merk Investments

 

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Wed, 05/08/2013 - 14:12 | 3541921 sgorem
sgorem's picture

+1 LOL......................or just cry in my beer...............

Wed, 05/08/2013 - 14:13 | 3541941 Spider
Spider's picture

But Buffet says gold doesnt generate any interest...

Wed, 05/08/2013 - 14:21 | 3541977 nope-1004
nope-1004's picture

Buffet "hopes" gold won't generate any interest.  The timing of his existence is what contributed to his success.  Had he been born in the mid 1800's or in 20 years time, he'd be singing a different tune.  Buffet and Munger are simply Johnny on the spot during the largest credit expansion the world has known.  I wouldn't give what he says any credit, as it's clear this credit debacle will sink the western banks.

 

Wed, 05/08/2013 - 14:30 | 3542020 SafelyGraze
SafelyGraze's picture

this cartoon shows china as being to the left of the us, which is kind of old-fashioned

Wed, 05/08/2013 - 14:34 | 3542039 DaveyJones
DaveyJones's picture

I was thinking, the title should read:

Dummies for Currency Wars

(Brilliant Cartoon)

A picture is worth a thousand words, and with QE, a lot more

My other thought on current events is

And you thought those other Castro Brothers Were Evil..

Wed, 05/08/2013 - 14:37 | 3542052 SMG
SMG's picture

Except China can't feed itself. This is going to get really interesting. Maybe time to head to the bunker soon.

Wed, 05/08/2013 - 14:40 | 3542065 DaveyJones
DaveyJones's picture

yes...but instead of buying worthless US promises, China is out there buying African land and other raw resources.

Our current Agricultural system in this country is completely dependent on oil, depletes ground water, and destroys soil. We're "more stupid."

 

Wed, 05/08/2013 - 14:43 | 3542082 Spastica Rex
Spastica Rex's picture

More stupider.

Moran.

Wed, 05/08/2013 - 14:45 | 3542096 DaveyJones
DaveyJones's picture

Surry

Wed, 05/08/2013 - 14:50 | 3542116 jbvtme
jbvtme's picture

buffet's holding plenty of gold or becky would be showing tail lights..

Wed, 05/08/2013 - 15:57 | 3542333 francis_sawyer
francis_sawyer's picture

He's got the Midas Touch... But he touched it too much... He's GOLDMEMBER...

~Foxxy Cleopatra

Wed, 05/08/2013 - 16:55 | 3542537 AmCockerSpaniel
AmCockerSpaniel's picture

You people are like those who quote the bible. The words were right on at the time they were spoken. As time moves on, the less the exact words relate. It's the principle of what is being said. It's good at this time, to have physical gold as a foundation of ones portfolio. We know not the day or hour, but this shit will explode.

Wed, 05/08/2013 - 17:14 | 3542579 Jack Napier
Jack Napier's picture

A fool and his money are soon parted.

Of course Buffet has no money, since that is what most of us refer to as gold.

Wed, 05/08/2013 - 16:01 | 3542352 Moe Hamhead
Moe Hamhead's picture

It's "moron" moran.

Wed, 05/08/2013 - 19:43 | 3543011 The Navigator
The Navigator's picture

Moe

The guys were just funning each other, thus some down-ticks for ya.

Wed, 05/08/2013 - 14:49 | 3542110 Rustysilver
Rustysilver's picture

DaveyJones,

I hope that China buys all the farm land in Zimbabwe.  It should work out well.

Wed, 05/08/2013 - 22:12 | 3543389 Parrotile
Parrotile's picture

Actually it would be a major "win" for the Planet - remember Zimbabwe was one of the World's major food producers under "external rule" -when it was known as Rhodesia.

The fact that China's BUYING the land should provide far less ammunition for the "Foreigners OUT" African mindset. If the locals DO decide to "follow tradition" they will be in for a very nasty surprise.

Wed, 05/08/2013 - 14:56 | 3542144 SMG
SMG's picture

You're right.

So how do you handle your country destroying itself? I'm kind of upset by it.

Wed, 05/08/2013 - 15:59 | 3542347 francis_sawyer
francis_sawyer's picture

do 'Tasmanian DEVILS' figure in your world domination scheme?

Wed, 05/08/2013 - 16:28 | 3542469 NotApplicable
NotApplicable's picture

Personally, I don't own a country.

Hope you didn't buy yours on leveraged debt.

Wed, 05/08/2013 - 15:10 | 3542184 Tulpa
Tulpa's picture

So instead of buying worthless US promises, they're buying worthless African promises.  What is the PRC's response if their newly bought land gets nationalized?

Wed, 05/08/2013 - 15:35 | 3542269 Urban Redneck
Urban Redneck's picture

I think that's less likely to happen one might think.  There are cultural and ambition clashes, and there will be small scale flare ups and perhaps tactical nationalization in an extreme diplomatic flare-up, but there are very diverse economic integrations and ongoing broad dependencies that African States have on China.  And when all else fails- there is the supreme irony of the US MIC creations - the World Bank and IMF being hijacked to serve Chinese strategic goals.

Wed, 05/08/2013 - 15:54 | 3542331 oddball
oddball's picture

Soylent green.

Wed, 05/08/2013 - 15:57 | 3542335 PontifexMaximus
PontifexMaximus's picture

They will send over a couple of PRC citizens to the spot and they will handle the solution (not the problem) the PRC way.

Wed, 05/08/2013 - 16:16 | 3542422 Helix6
Helix6's picture

I'm guessing they'll send over a few hundred million Chinese to "discuss" the issue.

Tue, 05/14/2013 - 09:36 | 3560077 Ctrl_P
Ctrl_P's picture

I wonder who would get tired out first...

Wed, 05/08/2013 - 16:16 | 3542420 resurger
resurger's picture

 

they are not even buying most of the time, they help other countries to extract their resources . all you need to do is ask

 

 

 

 

 

Wed, 05/08/2013 - 16:44 | 3542507 BraveSirRobin
BraveSirRobin's picture

We are actually quite good a soil conservation, and we have lots of hydrocarbons in the US. Sure there ain't no more "and while shoot'n for some food, up through the ground cam a bubble'n crude" oil, but we have lots of hydrocarbons. There are price floors associated with energy extraction that are now higher, certainly.

Having said that, the real idiots here are the Arabs, who are taking worthless paper (or worse, electrons) from us, and in exchange, they give us oil. Tell me that's not a great deal for the ol' US of A.

Our real stupidity is that we are draining our western aquifers to make corn to turn into alcohol to burn inefficiently in our cars. So we are basically burning the western aquifers. We will end up with ghost towns all across the Western US for this ethanol stupidity.

 

Wed, 05/08/2013 - 19:29 | 3542966 Clever Name
Clever Name's picture

Great deal unless its your blood being spilled to protect it.

Wed, 05/08/2013 - 22:53 | 3543469 BraveSirRobin
BraveSirRobin's picture

I never understood why we are trying to protect, certainly after the collapse of the Soviet Union. I mean, no matter, it's all those people have, and they are going to sell it no matter what. I guess the real danger is they will spend their time butchering each other and stop pumpimg the oil. They sure like to fight more than just about anything else.

Wed, 05/08/2013 - 22:53 | 3543470 BraveSirRobin
BraveSirRobin's picture

I never understood why we are trying to protect, certainly after the collapse of the Soviet Union. I mean, no matter, it's all those people have, and they are going to sell it no matter what. I guess the real danger is they will spend their time butchering each other and stop pumpimg the oil. They sure like to fight more than just about anything else.

Wed, 05/08/2013 - 19:33 | 3542975 DaveyJones
DaveyJones's picture

good points, I don't like to call it ethanol stupidity so much as ethanol corruption. Still our hydrocarbons are getting more and more expensive and we still consume mouch more than we produce and our food system, like just about any other system, presumes cheap energy going forward. In a sense, everyone's screwed. There, I feel better. 

Wed, 05/08/2013 - 20:28 | 3543130 post turtle saver
post turtle saver's picture

only 14% of harvested corn in the US is irrigated, so no we are not draining our aquifers to grow corn - that doesn't mean ethanol from corn isn't exceedingly stupid (it is) but the aquifer impact isn't as dire as many say

if you really want to see ethnol production take off in the US, it needs to come from switchgrass

Wed, 05/08/2013 - 14:43 | 3542078 TrumpXVI
TrumpXVI's picture

Exactly, don't those stupid chinks know YOU CAN'T EAT IT!

Wed, 05/08/2013 - 16:21 | 3542448 Skin666
Skin666's picture

+ 1 for "chinks"

Wed, 05/08/2013 - 17:47 | 3542698 Jones79
Jones79's picture

Trump you stole my pic!

Wed, 05/08/2013 - 14:48 | 3542108 kito
kito's picture

there arent 50 million chinese on food stamps. the poor ones already know what its like to go without food. cant say the same for the masses in the u.s. who are living comfortably numb....................

Wed, 05/08/2013 - 14:55 | 3542140 Debt-Penitent
Debt-Penitent's picture

I wonder when China is going to announce that they have 20,000 tons of Gold?

During or just after the SHTF?

Wed, 05/08/2013 - 14:56 | 3542147 fonzannoon
fonzannoon's picture

Or their announcement will cause it.

Wed, 05/08/2013 - 15:20 | 3542215 kito
kito's picture

you see fonz, my yuan can be looked at as a gold play......i figure im safe either way....if the dollar collapses...the yuan depegs and likely pegs to gold.......if the dollar stays strong, china would likely continue to peg to the dollar, but slowly strengthen it against the dollar, as it has been doing......

diversity fonz!!! buy yuan.......

Wed, 05/08/2013 - 15:25 | 3542233 fonzannoon
fonzannoon's picture

of course i see, i'm the one that told u that. I hope u don't keep your yuan in the bank. you don't want to get your remnimbi cut off before you get a chance to use it.

Wed, 05/08/2013 - 15:27 | 3542243 Doña K
Doña K's picture

Sure but yuan pays no interest. s/

Wed, 05/08/2013 - 16:03 | 3542357 francis_sawyer
francis_sawyer's picture

Did your 'hubby' tell you that while you were cooking him his gourmet dinner, sipping on wine, & detailing the structural re-fitting of fighter aircraft?... I'm just trying to get some perspective here so I know where we all stand...

Wed, 05/08/2013 - 16:20 | 3542443 resurger
resurger's picture

in China everyone hates the dollar. good call, the RMB might be as good as gold if the dollar collapses.

 

Wed, 05/08/2013 - 15:29 | 3542250 lasvegaspersona
lasvegaspersona's picture

D-P

by my calcs the Saudis (various individuals or possibly as a nation) may have 20k tons but the Chinese probably have a max of 10k to 12 k tons....unless they have been doing a LOT more mining than we know.

The end comes when the gold suppliers to the world stop supplying....say by this Friday? GLD will have zero gold left in less than  a year at the current rate of inventory depletion. This is a lot like predicting earthquakes but the pre-shocks are definitely increasing and I will not be surprised if this puppy blows quite soon.

Wed, 05/08/2013 - 14:40 | 3542066 Hohum
Hohum's picture

The USA is the kind of "left" where the 1% gets 99% of the income gains.  A very strange left.

Wed, 05/08/2013 - 16:24 | 3542456 Shevva
Shevva's picture

you might want to check your SS bill.

Wed, 05/08/2013 - 16:29 | 3542475 roadhazard
roadhazard's picture

The repubicans spell that kind of Left, RINO"s, lol, wingers crack me up.

Wed, 05/08/2013 - 14:57 | 3542151 QuantumCat
QuantumCat's picture

Buffett is part of the Silent Generation... it only makes sense that such ridiculous buy-side wealth accumulation would occur in this group as they were protected children during WWII, too old to die in Vietnam, fully invested during the mania years, and  lacked the courage to address our nations structural problems in their power years, instead choosing to spend their excess wealth on AARP donations to find ways to get at more of the teet... "I didn't pay a penny out pocket for my scooter chair." 

Just as they were protected as children, they seek to be protected as elderly... and we fully oblige them, all at the expense of the current jobless generation.  As reckless baby boomers lose all of their wealth in the crisis years, throw tantrums, and seek an external enemy to blame, all Millenials will have left in the wreckage are old Xers to blame as they head off to war with China in defense of the dollar.   

Wed, 05/08/2013 - 15:06 | 3542174 hedgeless_horseman
hedgeless_horseman's picture

 

 

flag as awesome (1)

Wed, 05/08/2013 - 15:54 | 3542229 prains
prains's picture

flagged

 

anon, lulzsec are the precusors to a different tangent than just a march on china/iran.

Two fronts !, glitchez

Wed, 05/08/2013 - 15:32 | 3542261 lasvegaspersona
lasvegaspersona's picture

QC

nonsense

when the dollar goes there will be nothing left to defend. We will just have the realization that it is worthless. The new one will be beter managed...hopefully.

Wed, 05/08/2013 - 15:46 | 3542306 QuantumCat
QuantumCat's picture

But that's my point... we have completely soiled ourselves in an ocean of public and private debt never to be repaid, and the overhang of that debt that keeps us as slaves to the dollar will eventually wither away through some combination of defaults and/or infinite printing... regardless, there will be nothing left. The government will not take the blame when the people are hungry and angry... are you crazy!  They'll need a "good war" and "good cause"... the Chinese destroyed the dollar!  I can almost see the recruiting posters... "Sign up to go get our gold back and Save the Dollar!"

Wed, 05/08/2013 - 16:23 | 3542453 new game
new game's picture

behind all that debt is something of value? detroit, dc, blm land, mt rushmore, fracted oil shale reserves, gold???, promises-trust, cough cough.

an almighty military; fly in ointment time. saddle up for the ride!

we are totally fucked...

Wed, 05/08/2013 - 19:29 | 3542964 master of the u...
master of the universe's picture

Debt is made up. The elite can't 'forgive' any of the debt because they are too greedy and evil. I believe we will see an icelandic scenario, before the world is somehow destroyed by fiat money.. which doesn't seem possible.

 

If you owed me $100,000,000,000 and I already had 600,000,000,000 in the bank, I would just forgive the debt if it made peoples lives easier.

 

These people get a kick as seeing the population suffer, and more so they think we are not deserving. That we are some sorts of slave, or half-rate humans, believing most of us to be degenerates and not worthy of 'their' money. It's a shame these people are so evil, but they have already had their day, and we will see their demise soon enough imo.

Wed, 05/08/2013 - 16:06 | 3542370 CheapBastard
CheapBastard's picture
Gold Imports by India Seen Topping 100 Tons for a Second Month


 

http://www.bloomberg.com/news/2013-05-08/gold-imports-by-india-seen-topp...

Wed, 05/08/2013 - 19:24 | 3542951 master of the u...
master of the universe's picture

Hopefully we will see this credit expansion overflow to a high % of people in the near future.

Wed, 05/08/2013 - 14:21 | 3541985 The Phu
The Phu's picture

Buffett's thoughts (read "BS") no longer generates any interest from me.

Wed, 05/08/2013 - 15:06 | 3542109 DaveyJones
DaveyJones's picture

He's like the demented old patriarch of a dysfunctional family, nobody gives a shit what he has to say and they've all learned to hate him.  

Wed, 05/08/2013 - 14:24 | 3541995 Silver Bully
Silver Bully's picture

'But Buffet says gold doesnt generate any interest...

Hey Dad, Mr Bernanke sez gold isn't money. So I guess that cartoon shows how dumb the chinese are, huh? Mr Bernanke sure showed them! Oh Dad, can I have some allowance? I don't have a job yet and my student loans are coming due next month. . . . wash the car? Oh sure, right after Duck Dynasty . . .

Wed, 05/08/2013 - 14:47 | 3542101 flacorps
flacorps's picture

After we send all the gold, we just do what Trajan did to get it all back. And people will remember China the same way they remember Dacia.

Wed, 05/08/2013 - 15:05 | 3542176 Matt
Matt's picture

It sounds like that show explains exactly what to do to earn wealth. Become really good at something, start of working in your shed, work hard at it for 25 years, and become immensely successful. Seems a much better model than "be born rich", "be famous for being famous", or "become a manufactured star". Definitely better than "make money by creating debt as a banker" or "make money by spending other people's money".

Wed, 05/08/2013 - 15:13 | 3542189 e_goldstein
e_goldstein's picture

"Become really good at something, start of working in your shed, work hard at it for 25 years, and become immensely successful."

The authorities tend to frown on the Ted Kaczynski model. 

Wed, 05/08/2013 - 14:30 | 3542019 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Money is not supposed to generate interest only be used to facilitate economic transactions....

Wed, 05/08/2013 - 14:52 | 3542125 seek
seek's picture

When real interest rates are negative, zero interest looks like a good deal to me.

Wed, 05/08/2013 - 16:48 | 3542515 GubbermintWorker
GubbermintWorker's picture

It certainly has my interest!

Wed, 05/08/2013 - 14:31 | 3542029 Shell Game
Shell Game's picture

Both, sgorem.  +1

Wed, 05/08/2013 - 14:11 | 3541922 fonzannoon
fonzannoon's picture

To be fair one of of those guys gets hit with a brick it's gonna hurt. We just need better aim.

Wed, 05/08/2013 - 14:17 | 3541961 SV
SV's picture

Bending Aldo's famous quote a little, "The assurance of possesing value is remembered long after the pain of the bar impact has faded from memory."

Wed, 05/08/2013 - 14:31 | 3542028 Kirk2NCC1701
Kirk2NCC1701's picture

You Amerikans may aim well, but "In Gold we Trust".

Also, in "Goldman Sachs we trust"... to screw you and work for us.  God works in mysterious ways, don't you know?

Wed, 05/08/2013 - 14:41 | 3542069 McMolotov
McMolotov's picture

Just wait till we roll out the catapults, China.

Wed, 05/08/2013 - 15:19 | 3542212 Toolshed
Toolshed's picture

"Just wait unitl we LAUNCH THE HELICOPTERS, China.

Fixed it for you.

Wed, 05/08/2013 - 16:32 | 3542478 KnightTakesKing
KnightTakesKing's picture

So this is how Amerika fights in the 21st century: Throw money at them.

"Crush 'em with bullion!"™

Wed, 05/08/2013 - 14:11 | 3541927 D-Man
D-Man's picture

What is American idiocy for $1,000?

Wed, 05/08/2013 - 14:13 | 3541934 venturen
venturen's picture

Who is BERNANKE?

Wed, 05/08/2013 - 15:49 | 3542317 phalfa5
phalfa5's picture

ding  ding  ding    ITS THE DAILY DOUBLE!

Wed, 05/08/2013 - 14:15 | 3541932 GraveyardSpiral
GraveyardSpiral's picture

I don't see any black people in that cartoon, er, I mean African-American people....or people with beards for that matter.... 

@Francis:  Do you see anyone with an abnorrmally large, hooked nose?

Wed, 05/08/2013 - 14:37 | 3541954 TheGermanGuy
TheGermanGuy's picture

Thats ´cause currency wars are wars fought by whites for white elites as opposed to conventional wars fought by blacks for white elites

Wed, 05/08/2013 - 15:26 | 3542239 Ness.
Ness.'s picture

How many blacks fought for your nazi's there Mr. 'GermanGuy'?  All I remember are lots of blond haired blue eyed boys - no negroes.

 

Enlighten me.

Wed, 05/08/2013 - 17:18 | 3542592 BattlegroundEur...
BattlegroundEurope2011's picture

Google N. African, Indian Waffen SS units ;)

Wed, 05/08/2013 - 14:14 | 3541937 AL_SWEARENGEN
AL_SWEARENGEN's picture

No one is throwing Silver bars because there aren't any left!

 

The battle against Silver by the statists and banks owning most of the Gold is an old battle.  http://en.wikipedia.org/wiki/Free_silver

Wed, 05/08/2013 - 14:37 | 3542054 DaveyJones
DaveyJones's picture

We should put them all behind bars for throwing them

Wed, 05/08/2013 - 18:29 | 3542824 Long_Xau
Long_Xau's picture

In other words, we should put the bars (of gold and silver) BEFORE the central bankers (and their money).

Wed, 05/08/2013 - 14:13 | 3541938 FLUSA.com
FLUSA.com's picture

Is that the DMZ?

Wed, 05/08/2013 - 14:27 | 3542012 IridiumRebel
IridiumRebel's picture

"Dumb 'Murican Zone"?

Yes.

Wed, 05/08/2013 - 14:14 | 3541942 Dr. Engali
Dr. Engali's picture

Lol that's damn funny. Is the bald guy Dick Cheney? If it is the guy next to him better watch his face.

Wed, 05/08/2013 - 14:16 | 3541958 Fuku Ben
Fuku Ben's picture

Ninja'd

I knew I should have hit post faster

+1

 

Wed, 05/08/2013 - 14:23 | 3541987 Bazinga
Bazinga's picture

Maybe it is that curmudgeon Charlie Munger...

Wed, 05/08/2013 - 14:23 | 3541990 Dr. Engali
Dr. Engali's picture

I hate when that happens.

Wed, 05/08/2013 - 14:15 | 3541949 Fuku Ben
Fuku Ben's picture

Is that Cheney on the right?

Wed, 05/08/2013 - 14:18 | 3541966 GraveyardSpiral
GraveyardSpiral's picture

Soon there are going to be 50 stars on the red flag; arranged in a circle around the Bejing, er, I mean the Main star!!!!!

Wed, 05/08/2013 - 17:39 | 3542661 darteaus
darteaus's picture

Hmm.  Not sure about your math.  I count only 38 additional stars:

Tibet, Taiwan, Senkakus Islands, Spratly Islands, Jones Reef, Aksai Ching, Arunachal Pradesh, Baekdu Mountain, Cherkip Gompa, Dho, Dungmar, Gesur, Gezon, Itse Gompa, Khochar, Nyanri, Ringung, Sanmar, Tarchen, Zuthulphuk, Demchok, Chumar, Kaurik, Shipki Pass, Jadh, Lapthal, Iedo Island/Suyan Rock, Jiandao, Kula Kangri, Haa District, Macclesfield Bank, Paracel Islands, Okinotorishima, Paracel Islands, Scarborough Shoal, Shaksgam Valley, South Tibet, Trans-Karakoram Tract

Wed, 05/08/2013 - 14:23 | 3541984 oddjob
oddjob's picture

i doubt that raisin could hold a dore bar that size above his head with one hand.

Wed, 05/08/2013 - 14:19 | 3541968 haskelslocal
haskelslocal's picture

To play fairly, we just move the fence 10 feet to the left.

Wed, 05/08/2013 - 14:24 | 3541981 GraveyardSpiral
GraveyardSpiral's picture

Thats where the orchestrated "war" comes in... throwin' bars and strapped cash is the easy part, moving the fence is the ultimate strategery!

Wed, 05/08/2013 - 14:20 | 3541972 Aegelis
Aegelis's picture

After all is said and done, everyone will say, "Hu knew?!"

Wed, 05/08/2013 - 14:21 | 3541980 magpie
magpie's picture

The Lord of the Hosts always said never touch the pagans' gold, bitchez.

Wed, 05/08/2013 - 14:21 | 3541983 no2foreclosures
no2foreclosures's picture

What's really funny and telling is that the cartoon had to label the Chinese flag with the word "China" on it!

Wed, 05/08/2013 - 14:24 | 3541993 Aegelis
Aegelis's picture

Funnier still is us Americans asking what the flag is on the right.  I like how the gold had to be labelled too so it wasn't mistaken for large sticks of butter.

Wed, 05/08/2013 - 17:25 | 3542617 darteaus
darteaus's picture

I know what butter is, but what's gold?

Wed, 05/08/2013 - 20:26 | 3543125 mkkby
mkkby's picture

Also, notice the Americans are throwing left handed...  "lefties"!

Wed, 05/08/2013 - 14:24 | 3541996 Kirk2NCC1701
Kirk2NCC1701's picture

Who are the Elite?  Who is Goldman Sachs?  Golden Rules for $1000 please, Alec.

Wed, 05/08/2013 - 14:25 | 3542001 CitizenLame
CitizenLame's picture

China! I WON!!!

 

Wed, 05/08/2013 - 14:25 | 3542005 Yen Cross
Yen Cross's picture

     The Chinese side is missing a third guy to test the bars for tungsten content.

Wed, 05/08/2013 - 14:29 | 3542017 IridiumRebel
IridiumRebel's picture

That dude would be fairly busy......

Wed, 05/08/2013 - 14:48 | 3542106 W74
W74's picture

Probably half of Americans can't find China on a map.  I understand if you don't know where Burkina Faso is, but China? That's a problem.

I was explaining to a friend about Turkey's geopolitical roll straddling both Europe and Asia.  It was mind boggling to find someone who didn't understand that Turkey bordered both Greece and Iran or that it was located on the Black and Mediterranian seas for example.  The guy had no idea that Byzantium/Constantinople/Istanbul is a mega city of over 10 million straddling one of the most strategic chokepoints in the world.

Mind boggling.  Absolutely stunning how little Americans know about the world.

Wed, 05/08/2013 - 15:15 | 3542200 shovelhead
shovelhead's picture

All that proves is that you hang out with dummies.

Wed, 05/08/2013 - 17:24 | 3542615 darteaus
darteaus's picture

Send the Kardashians there, then we'll be able to find it on a map.

Wed, 05/08/2013 - 17:48 | 3542703 Dull Care
Dull Care's picture

I remember when I was substitute teaching a middle school a few years back the youth in the class had to locate the US on a map along with 10 or so other countries. One kid asked for help to find the US. I was incredulous but then then same question kept coming which prompted me to conduct a survey of the class.

Only 1 in 32 could find the United States on a map. If they don't know where their own country is on a map, then how in the hell are they going to find Germany, Turkey, China, India, Brazil etc.?

Terrible public education and parenting. Idiots reign supreme.

Wed, 05/08/2013 - 17:23 | 3542610 darteaus
darteaus's picture

He's not testing, he's inserting.

Wed, 05/08/2013 - 14:27 | 3542010 Son of Loki
Son of Loki's picture

the dollar is losing Big Time...it's too strong. Exports sinking like lead with the stronger dollar as all of EU runs for safety. Ben is going to have to work overtime.

Wed, 05/08/2013 - 14:27 | 3542013 mattdubz86
mattdubz86's picture

put this on the cover of WSJ, Barrons, Times, et all...and see what kind of response we get!

Wed, 05/08/2013 - 14:27 | 3542015 JustObserving
JustObserving's picture

The currency pile on the Chinese side is a tad small for $3.3 trillion.

Wed, 05/08/2013 - 14:41 | 3542068 MsCreant
MsCreant's picture

But Ben can print to infinity. Might need to change the drawing a lil' bit, maybe a printer spitting out bales of currency, or a helicopter hovering over the scene dropping the shit on China to their obvious harm...

Wed, 05/08/2013 - 14:31 | 3542027 Jack Burton
Jack Burton's picture

Bloody Brilliant!  Good stuff that.

Wed, 05/08/2013 - 14:32 | 3542033 vulcanraven
vulcanraven's picture

Why is the USA throwing sticks of butter at the Chinese?

Wed, 05/08/2013 - 14:43 | 3542077 DaveyJones
DaveyJones's picture

cause they tried to sell us stuff they said was butter..

Wed, 05/08/2013 - 15:52 | 3542326 metastar
metastar's picture

Because we want them to use a lubricant.

Wed, 05/08/2013 - 14:36 | 3542047 hamstercheese
hamstercheese's picture

i don't see any Chinese guys on the left....bankers on both sides??

Wed, 05/08/2013 - 14:37 | 3542050 youngman
youngman's picture

How do you know when the game is over...and who won? 

Wed, 05/08/2013 - 14:39 | 3542060 Aegelis
Aegelis's picture

When China has all the gold and the U.S. needs a wheelbarrow to buy a loaf of bread.

Wed, 05/08/2013 - 14:45 | 3542097 Stuck on Zero
Stuck on Zero's picture

Guaranteed that wheelbarrow will be made in China and defective.

 

Wed, 05/08/2013 - 14:40 | 3542059 Bay of Pigs
Bay of Pigs's picture

The lefty throwing the gold would be Jacob "Jack" Lew, current US Secretary of the Treasury. 

Wed, 05/08/2013 - 14:43 | 3542086 W74
W74's picture

Ah yes, one has to wonder about good ol' Lack Jew.

Wed, 05/08/2013 - 14:42 | 3542072 Colonial Intent
Colonial Intent's picture

A curious game, it seems the only winning move is not to play.

Wed, 05/08/2013 - 14:42 | 3542074 MsCreant
MsCreant's picture

Debt bombs need to going off on both sides.

MAD, my fellow bitches.

Wed, 05/08/2013 - 14:45 | 3542095 Kaiser Sousa
Kaiser Sousa's picture

USA!!!!USA!!!!USA!!!

not...............

keep stackin mother fuckers....

Wed, 05/08/2013 - 14:53 | 3542132 Spastica Rex
Spastica Rex's picture

Let's see: 2,200 year old empire vs 250 year old nation of Walmart addicts? Tough call. China's number has to be up pretty soon. 

Wed, 05/08/2013 - 15:03 | 3542169 DaveyJones
DaveyJones's picture

and you thought Uncle Sam was the guy with the funny hat...

Wed, 05/08/2013 - 15:18 | 3542207 Tulpa
Tulpa's picture

The current Chinese state has been around for less than 65 years.  The current PRC govt has as much to do with Confucius as Obama has to do with Socrates.

Wed, 05/08/2013 - 15:26 | 3542236 Spastica Rex
Spastica Rex's picture

Right, that's certainly an American viewpoint.

Read any 4,000 year old English texts lately? Oh, right: post-Chaucerian English has only existed for about 600 years.

I think your perspective on empire is narrow.

Wed, 05/08/2013 - 15:52 | 3542325 css1971
css1971's picture

Greek.

Wed, 05/08/2013 - 15:28 | 3542244 GFKjunior
GFKjunior's picture

Well China's been the 2nd largest empire several times during human history. They've never quite made it to global leader though. My guess is that the oncoming war or economic collapse will cause the Chinese to revert to their shells and close off from the world again.

But either way the Chinese 'get' civilization more that most people. Build huge, successful societies that are eventually destroyed from within or from wars. Then repeat until the earth ends.

Wed, 05/08/2013 - 15:35 | 3542268 Spastica Rex
Spastica Rex's picture

Highly plausible.

Wed, 05/08/2013 - 15:45 | 3542304 andrewp111
andrewp111's picture

Me thinks China will go hard core after the collapse, and an alliance of China and the 4th Reich (formerly the EU) will attack Russia simultaneously.

Wed, 05/08/2013 - 14:55 | 3542142 New England Patriot
New England Patriot's picture

The expression is "sneaking suspicion."

 

Or, alternatively, a "sinking feeling," gets at the same thing.

Wed, 05/08/2013 - 14:56 | 3542148 PSEUDOLOGOI
PSEUDOLOGOI's picture

one of the best posts ever!!!

Wed, 05/08/2013 - 14:57 | 3542149 buzzsaw99
buzzsaw99's picture

both guys at right are tossing gold bars the size of bread loaves left handed like they were rotten apples. what an (left) arm they both have!

Wed, 05/08/2013 - 16:54 | 3542534 auric1234
auric1234's picture

They'd be somewhat lighter if filled with tungsten.

 

Wed, 05/08/2013 - 15:00 | 3542161 Legioona
Legioona's picture

President of Finland: "The next world war will be fought with currencies"

Feel free to Google translate:

http://www.kauppalehti.fi/etusivu/niinisto+seuraava+maailmansota+kaydaan...

 

 

Wed, 05/08/2013 - 15:10 | 3542183 AvenoSativo
AvenoSativo's picture

Everybody seems to forget that the Chinese currency is tied to the US Dollar by a leash, with the former having a peeing range.

There is no currency war between the two. They are one currency (block), similar to the Euro block.

Yuan is a colony of the US Dollar, period.

Wed, 05/08/2013 - 18:09 | 3542777 helping_friendl...
helping_friendly_book's picture

Until it is not.

Wed, 05/08/2013 - 15:19 | 3542211 Saint Pitbull
Saint Pitbull's picture

The US is so behind in this game that the Chinese politicians must laugh themselves to sleep each night.  They have been taking their money, from the time that they completely destroyed our manufacturing industry with their cheap labor, and have been turning it into hard assets.  Land, gold, buildings, etc...  They are continuing to do so. This has been going on for 25+ years.

Meanwhile, the US buys a different kind of funny money with freshly printed funny money - and they laugh thinking, "boy, we pulled a fast one".

Uncle Sam has a "kick me" sign taped on his back.  Even worse, they know it but still don't know why they are getting kicked.

Wed, 05/08/2013 - 15:32 | 3542264 GFKjunior
GFKjunior's picture

Considering how many new Chinese buildings I've read about collapsing or all the land they are buying in Africa(lol) I'm not worried about their hard assets.

Wed, 05/08/2013 - 15:48 | 3542308 yogibear
yogibear's picture

But Bubble Bernanke said gold wasn't money. 

When his paper won't buy jack, except heat by burning it, who will look foolish?

Who's practically the only buyer of US treasuries? Whoul it be Benny Shalom Bernanke and his Fed banksters?

Wed, 05/08/2013 - 15:49 | 3542313 orangegeek
orangegeek's picture

If I were the Chinese, I'd be throwing dead pigs, not USD.

Wed, 05/08/2013 - 16:06 | 3542371 metastar
metastar's picture

Europe throws dead PIIGS.

Wed, 05/08/2013 - 16:08 | 3542381 Shizzmoney
Shizzmoney's picture

The only thing missing is poo

Wed, 05/08/2013 - 16:22 | 3542449 mc_LDN
mc_LDN's picture

People are stupid if they think the US doesnt have a Gold back-up plan that no-one knows about. Of course they do. Sure you can watch the inventories of COMEX warehousing etc and I am sure there is all sorts of jiggery pokery going on but in the end a psychopathic state that has the balls to drop a bomb on Hiroshima, start multiple wars post WW2 and jump off a gold standard always has an Ace when s*** goes south.

Anyone read Gold Warriors: America's Secret Recovery of Yamashita's Gold by Sterling Seagrave?

That book is the reason why people need to be dead careful in betting against the US. Buy Gold by all means but just keep this fact in mind.

 

 
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