china raises interest rates

[Landis82]

Quote from S2007S:

Third increase since October, who would have thought, guess Bubble ben bernankes easy money policies are taking the entire world for the inflation ride!!!!

You must have FAILED your Econ class in college.
Bernanke has exported inflation to the Chinese and is forcing them to act on the value of their currency. Pure stroke of genius, in my opinion.

But you wouldn't even begin to understand that.

 

[abattia]

Quote from Landis82:
...You must have FAILED your Econ class in college.
Bernanke has exported inflation to the Chinese and is forcing them to act on the value of their currency...

Assume I FAILED my Econ class in college...
... and explain how Bernanke exported inflation to the Chinese.
Thanks.

 

[shortie]

Quote from JohnathanIII:

Take Reagan who was the 40th President of the United States

The man most of you adore.

How many of you people know that during Reagan reign, US debt went from 700 billion to 3 trillion.

But CNN, BBC, CBC told you the man is a hero.

So we will keep repeating that.

USA USA USA USA

when are you going to tell us that Reagan was a Jew?

 

[kashirin]

Quote from abattia:

Assume I FAILED my Econ class in college...
... and explain how Bernanke exported inflation to the Chinese.
Thanks.

Dollar is a reserve currency
All commodities are traded in US dollars
so if dollar goes down and commodities go up it increases inflation in other countries if they don't change their exchange rate

If food part of CPI is 50% and food goes up 20% that means CPI is 10%

basically FED vs the World.

The world will lose if they revalue and they lose if they don't

The world can win only if they dump US dollar from global trade and let USA die in hyperinflation but how can this be accomplished?

 

[athlonmank8]

genius? Are you kidding! You're thinking like you just got out of a mcgraw hill economic convention. Let's be a realist.....what happens when you piss off the whole world? You must have failed "Life" Landis. I like to keep my friends (the few I have left if I'm the US). Explain to me why it's good that the biggest holder of US bonds is going to be the Fed.

 

[shortie]

Quote from Landis82:

...
Bernanke has exported inflation to the Chinese and is forcing them to act on the value of their currency. Pure stroke of genius, in my opinion.

...

Landis = Ben

Shortie Sherlock Out

 

[JohnathanIII]

Quote from shortie:

when are you going to tell us that Reagan was a Jew?

Reagan was not of Jewish faith.

Federal Reserve shareholder on the other hand are.

And that's all that matters, the rest are puppets.

 

[piezoe]

Quote from kashirin:

Dollar is a reserve currency
All commodities are traded in US dollars
so if dollar goes down and commodities go up it increases inflation in other countries if they don't change their exchange rate

If food part of CPI is 50% and food goes up 20% that means CPI is 10%

basically FED vs the World.

The world will lose if they revalue and they lose if they don't

The world can win only if they dump US dollar from global trade and let USA die in hyperinflation but how can this be accomplished?

Hey there. Nice concise summary. Maybe a little too simplified, but nice nevertheless. Good job!

 

[piezoe]

Quote from JohnathanIII:

Reagan was not of Jewish faith.

Federal Reserve shareholder on the other hand are.

And that's all that matters, the rest are puppets.

Johnathan, we get it. Let it rest now. This tirade really does belong in another thread. And i'm no Reagan fan, believe me.

 

[athlonmank8]

No, I don't think john can! I think he's got issues that haven't been addressed in this thread.