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Forum Post: This Quarter's Financial Excuse for Rate Rigging: Weak Yuan.

Posted 6 years ago on Aug. 13, 2015, 7:58 a.m. EST by turbocharger (1756)
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Wow, really? We are now using foreign nations as an excuse for rate hikes? Really?

Its already impossible for them to raise these rates, as the debt continues to flow out under 0. The longer it goes, the more of an impossibility.

What a joke.




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[-] 1 points by turbocharger (1756) 6 years ago

Who needs a new group of policy writers when the current two have done such a fantastic job lately?

And by lately, I mean the last 100 years. 100 years of the same two policy makers running our nation, completely bought out, everyone knows it, and all the little lemmings still flock to them like flies on shit.

[-] 0 points by grapes (5232) 6 years ago

After Christine Lagarde's returning from her trip to China, the IMF, deviating from its long-held non-interference policy, publically and strongly recommended the U.S. (Non-)Federal (No-)Reserve not to increase the U.S. interest rates till 2016. What do you think of what she might have learnt on her China trip?

Now that China's economic weakness has shown up in the numbers and yuan devaluated roiling financial markets, U.S. interest rates must be held down for even longer although the airs must be put on that the rate increases are imminent by talking up how strong the U.S. economy is. Managing economies is a Con(fidence)-game and the Numera Witches cannot fly away trick-or-treating until they get their broomsticks to sweep the Big Mess of Debts under the rug to hide it there for a little while longer.

[-] 1 points by turbocharger (1756) 6 years ago

One big sweep job, sounds about right :)

[-] 0 points by grapes (5232) 6 years ago

The creation of debts tracks human desires for getting goodies for free. There is only a not-so-minor problem with it - the servicing of the debts using the money generated by the economies. There is no amount of money that can service all the debts outstanding so this is a perennial game of musical chairs.

Debts must be destroyed through inflation, bankruptcies, currency devaluations, recessions, panics, austerity measures, wars, etc. None of them is palatable but the Folly of Man will be sanctified by the Pain of Man which must be administered regardless of Justice. Steal where one can, break promises, whether legal or illegal, to get back to reality. Hmm, let us call it the Debt Reset. Did China kick (inadvertently) at the reboot button of the world's economy?