Do Americans cheat? Yay or nay?

[xunzi]

Yuan don't need to be fully convertible to complete with USD as world currency, but the Chinese market need to be open and transparent.

A $1 note worth $1 not because this is what the government tell you it is, but it's the investor believe $1 note have $1 value in it. Without Chinese government no interference policy on local financial market, RMB can go no where near competitive.

Imagine you currency can change of face value simply because the government can change the denomination? How secure you feel to invest on that currency? This is what RMB is currently doing.

What, my friend? What are you trying to say? That our government don't intervene in our Chinese financial market or that the US don't intervene in their financial market? Truth is both manipulate the market to guide the financial market to remain stable. The issue is that our govt has a restriction on the capital inflow and outflow of the country to keep us safe from unwanted money supply from the outside. This is effective before but in order to us to gain a bigger foothold on the global financial market, we would need to liberate and fully make the yuan convertible and exchange in the open market for all domestic and foreign entities. That's when Yuan will kick off but there are risks involved so we are just careful. We are wary of the US manipulating nature to destroy our economy.

 

[Lightningbolt]

I would love to debate anyone, if you have any valuable point to debate.

As far as I see, you point is all "I think this and I think that

How do I debate with something what you think is right because you believe is right?

For all I learn, your logic have no ground and you point have no logic, the only "debate" I can do with you is WHEN ARE YOU STOP WASTING MY TIME.

Come back to me when you have some factual evidence with solid reference, not just I say and I think, I will gladly debate you with that. Otherwise, even a word reply to your so called logic is simply wasting my time

I don't need to say 'I Think'.....I KNOW!

Guys like me don't need others to tell me....I TELL THEM!

Just like I've taught you about renminbi, Chinese consumption power vs purchasing power, etc

My knowledge is -- VASTLY -- greater than anything you could ever dream of kiddo

You just can't handle me, I put you in your place like no one else on this forum. So you run away....hiding behind the mods.

Wherever you go, I'm there debunking your lies and myths.

I wouldn't say I'm a cocky guy....just damn confident!

 

[jhungary]

What, my friend? What are you trying to say? That our government don't intervene in our Chinese financial market or that the US don't intervene in their financial market? Truth is both manipulate the market to guide the financial market to remain stable. The issue is that our govt has a restriction on the capital inflow and outflow of the country to keep us safe from unwanted money supply from the outside. This is effective before but in order to us to gain a bigger foothold on the global financial market, we would need to liberate and fully make the yuan convertible and exchange in the open market for all domestic and foreign entities. That's when Yuan will kick off but there are risks involved so we are just careful. We are wary of the US manipulating nature to destroy our economy.

What I was saying is the market in china is not transparent enough.

Even Hong Kong influence their market, US is no exception. The important thing is we know when they are influencing the market in US and what they were doing. Not nearly the same in China.

If you have a bunch of money to invest and you can either invest in US or China, which market will you choose?

 

[Lightningbolt]

You debate? That is a laugh. The only thing you are good at is casting insults. How else can we explain your repeated suspension?

Shermi Shermi Shermi.

Missed ya kiddo.

Did you miss me bud?

No one on this forum can handle me, I'm the boss. I know it, and you damn sure as hell know it!

 

[jhungary]

I don't need to say 'I Think'.....I KNOW!

Guys like me don't need others to tell me....I TELL THEM!

Just like I've taught you about renminbi, Chinese consumption power vs purchasing power, etc

My knowledge is -- VASTLY -- greater than anything you could ever dream of kiddo

You just can't handle me, I put you in your place like no one else on this forum. So you run away....hiding behind the mods.

Wherever you go, I'm there debunking your lies and myths.

I wouldn't say I'm a cocky guy....just damn confident!

I don't need to say 'I Think'.....I KNOW!

Guys like me don't need others to tell me....I TELL THEM!

Just like I've taught you about renminbi, Chinese consumption power vs purchasing power, etc

My knowledge is -- VASTLY -- greater than anything you could ever dream of kiddo

You just can't handle me, I put you in your place like no one else on this forum. So you run away....hiding behind the mods.

Wherever you go, I'm there debunking your lies and myths.

I wouldn't say I'm a cocky guy....just damn confident!

Dude, if you want to teach somebody, you are welcome to apply for a professor position in any academic institution in china and teach people. That is if you can do it

Again, I am more than happy to debate you if you have infact any point to raise.

What can I say if you think your education background and knowledge is more than me? Do you have any evidence to support that? If not, I can say I am a PhD and I would not be matter

You are of course free to say what you want and believe what you can believe, and if you believe you know more than me and my calling me a half rat and you are more superior, then please go ahead and believe that.

As I said many time, I have no intention on stopping other people from making a fool out of themselves. So please, do go ahead

 

[xunzi]

What I was saying is the market in china is not transparent enough.

Even Hong Kong influence their market, US is no exception. The important thing is we know when they are influencing the market in US and what they were doing. Not nearly the same in China.

If you have a bunch of money to invest and you can either invest in US or China, which market will you choose?

Our country will adapt to change and reform in according with the 5-years plan. After all, we are still a developing economy and not reach the US's full potential so it's pointless to compare us.

 

[Superboy]

Money used to be measured in the millions. Then in the billions. Now in the trillions. Next it'll be in the quadrillions, then in the quintillions. So what? There's no limit. Money is only a number. China can say its annual GDP is 44 quintillion US dollars. So what?

 

[jhungary]

Money used to be measured in the millions. Then in the billions. Now in the trillions. Next it'll be in the quadrillions, then in the quintillions. So what? There's no limit. Money is only a number. China can say its annual GDP is 44 quintillion US dollars. So what?

Of course china can say that, the world would just laugh at you lot, that's all

 

[Superboy]

Of course china can say that, the world would just laugh at you lot, that's all

So? By borrowing 44 quantillion US dollars, China can build 100 aircraft carriers and 1,000 destroyers and decimate the US navy.

 

[armchairPrivate]

Everybody cheats. It is just human nature or should I say nature. You can find it in both flora and fauna. The bigger question is why the US can keep on cheating and for so long. The answer is a simple one - because they can.

 

[my2cents]

How far will this go..who knows , but the Dollar is being Bypassed which is my point..

You think in past 50 years countries haven't tried that. Then they fall back on Dollar because of its intrinsic value. Some of its value is propped up because of demand of International trade and hoarding. It is better to have regional currencies like Euro(28 countries) and West African CFA Franc (8 western african countries) where lot of regional trade takes place.

 

[Lightningbolt]

Actually, in fact what you were saying was right, US did tried to get out of the QE situation before, but what you cannot see yourselves is the situation in 2008 is when that's the time we started to roll over, not yet in the valley, our economy bottomed up about 2010-2011 after QE3. In effect both QE1 and QE2 were a holding stragety so the market would not get wrose and to a term out of control

While QE3 is the open ended stragety that started to pull back the economy.

Although as far as the situation goes, I would probably delay or reform the process of QAe3 so it does impact our economiy and create a mini-crash, because the long term problem is not how we get out of the debt or what QE3 is doing, which is trying to deal with the bottom line consequence, but rather the problem lies in the irresponsible financial regulation. We need a crash so that we can weep out the bad seed and for people to know what was indeed happening, and we will most definitely recover from a mini-crash anyway (it's not our money to begin with) but if QE3 can do what we hope to do, we may not need a mini-crash after all. Actually, it's the foreign government who should wish for the success of QE3, cause if we crash, china and Japan will crash with us. Well consider 40+% ofour debt is owed by foreign government.

If you look at QE3 article in 2012 and 2013, you will notice there were a lot of doubt in 2012, but it's almost uniformly bright , it said the QE3 is working

QE3: More effective than QE1 and QE2? - The Triangle

ummmm no China and Japan won't crash. Chinese economy is not dependent on the US economy and the US bonds China holds won't crash the Chinese economy. There will be considerable losses but they are the investments of China, not the fundamental economy.

China will have a slowdown but won't crash. Chinese economic fundamentals are very strong. Any crash of the US means the world will readjust to the new realities. China has the largest savings pool and the a very strong production base. The Chinese problems is due to the stupid currency policy. As domestic consumption rises, the currency peg becomes a burden than a help. Chinese leaders now realise this.

I can explain it to you again in a much longer fashion with detail if you don't understand.

Btw, you avoided my previous answers again ae.

Dude, why do you avoid me? Don't be scared mate.

 

[jhungary]

ummmm no China and Japan won't crash. Chinese economy is not dependent on the US economy and the US bonds China holds won't crash the Chinese economy. There will be considerable losses but they are the investments of China, not the fundamental economy.

China will have a slowdown but won't crash. Chinese economic fundamentals are very strong. Any crash of the US means the world will readjust to the new realities. China has the largest savings pool and the a very strong production base. The Chinese problems is due to the stupid currency policy. As domestic consumption rises, the currency peg becomes a burden than a help. Chinese leaders now realise this.

I can explain it to you again in a much longer fashion with detail if you don't understand.

Btw, you avoided my previous answers again ae.

Dude, why do you avoid me? Don't be scared mate.

No, I did not avoid you, I answered your question with Spanish, no es me equivo que no hables espanol

And yes Chinese economic will collaspe if QE3 fail, when 1.3 trillion worth of US bond suddenly become toilet paper. For those who don't know, that's 4 times the Chinese surplus.

Lol if china were not affected by the bond, would Chinese government sold out all the bond already and get rid of the control by the USD? Use your brain for once, won't kill ya

 

[Jlaw]

What the history of fail currency system have to do with US currency reserve system? Are you imply or hoping for a US system collaspe? If that is what you are saying I can tell you this, if US system fail in the next 20 years, it will take the world with it

Indeed US QE3 scheme is printing more money to consolidate the debt. Which in itself look unhealthy. However what you fail to see is that QE3 will not be in place forever (infact QE3 will end in 2015) and during the period of QE3 there will not be any interest associated with the currency, hence limited the inflation

What most economic worry about QE3 is ironically if QE has performed more effective than normally thought. It would bring in higher inflation than intended.

QE is a method researched and refined by many economist, and it was done by Japan Germany and South Korea before. Do you think their economic collapsed?

Because the US is doing what these other countries have done in the past that have caused hyperinflation. You can't keep printing forever without your currency being backed by asset. You do know that the USD before 1971 was backed by gold? QE3 is not going to end in 2015. But of course, no sense debating that part as time will tell.

One CNBC analyst got it right when they asked him about QE3 one time and he said, "QE3? how about QE4ever."

 

[jhungary]

Because the US is doing what these other countries have done in the past that have caused hyperinflation. You can't keep printing forever without your currency being backed by asset. You do know that the USD before 1971 was backed by gold? QE3 is not going to end in 2015. But of course, no sense debating that part as time will tell.

One CNBC analyst got it right when they asked him about QE3 one time and he said, "QE3? how about QE4ever."

Lol one thing for sure, the QE whatever is going to end, you are right we can't print money forever, but do we need to?

Lol at some point we would have buy back most to all our domestic bond market, infact from2011-2012, we bougt at a rate of 85 billions of housing mortgage per month, has been dropped to 65 billions per month in sept 2013.

Many people do not know, but for the QE3 or any QE to start showing result, US economy need to be around 2% inflation rate and less than 7% unemployment. Do you know the figure for both in 2008 when thing started to slip a d today?

Nobody would know if QE is going to be successful or failure ultimately. Only time will tell, but as far as history concern, Japan bailed out by QE in 8 year from 2000-2007 and UK was also bailed by the same scheme on 2012, would we fail when the US market is bigger than Japan and UK combine and the USD is stronger than both yen and pound?

Maybe we should wait for a few year before really comment on the project