Holy smoke - Australia / China currency swap

Discussion in 'Markets & Economies' started by CriticalSilver, Mar 23, 2012.

  1. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Well, in one more nail in the USD coffin, Australia has completed the largest currency swap with China "other than with Hong Kong and South Korea".

     
    CriticalSilver, Mar 23, 2012
    #1
  2. VRS

    VRS Well-Known Member Silver Stacker

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    All part of the plan... all part of the plan... :D x
     
    VRS, Mar 23, 2012
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  3. SilverSanchez

    SilverSanchez Active Member

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    Hmmm - will this make it easier for China to own Australia?
    I don't see China doing anything that is not stacked in their favor.
     
    SilverSanchez, Mar 23, 2012
    #3
  4. renovator

    renovator Well-Known Member

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    who said julia had no foresight ?
     
    renovator, Mar 23, 2012
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  5. SilverSanchez

    SilverSanchez Active Member

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    Considering Julia's heavy Marxist background, i don't think its for the security of Australian investment/manufacturing. There is a double-speak or an agenda here somewhere...
     
    SilverSanchez, Mar 23, 2012
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  6. Sultan Pepper

    Sultan Pepper Member

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    I think both sides just happen to think they're getting the better deal, a theoretical win:win.
     
    Sultan Pepper, Mar 23, 2012
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  7. SULLA

    SULLA Member Silver Stacker

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    I really don't think so!

    Slowly, slowly catchee monkey!
     
    SULLA, Mar 23, 2012
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  8. perthsilver

    perthsilver Member Silver Stacker

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    Maybe she's a stacker and wants to end the US reserve currency.

    $30 Billion US dollars no longer required for trade with china.
     
    perthsilver, Mar 23, 2012
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  9. QLDSILVER

    QLDSILVER Member

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    LOL "maybe shes a stacker" quality.

    We can only wish.
     
    QLDSILVER, Mar 23, 2012
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  10. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    If you're at the table and you can't figure out who the sucker is, it's you.
     
    Shaddam IV, Mar 23, 2012
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  11. damien192x

    damien192x New Member

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    If USD collapses, silver will just go up in USD, or would the demand still spike the price in all currencies
     
    damien192x, Mar 25, 2012
    #11
  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    I think the PTB know that USA will devalue soon after the US election and that will force a new world basket of currencies standard for trade. We'll see a lot more of these sort of deals throughout the year. We've already seen China-Japan (talk about forget old wounds for financial advantage!), Russia-China, Iran-India (gold trade for oil) and so it goes.

    If you're in the USA you suffer all the hazards of a devaluation (Bernanke seems to indicate "up to 40%"), and the rest of the world finds their US dollar denominated assets massively reduced - except the physical.

    This is not a circumstance we should wish for but I'm afraid it is already in the works. I'm assuming about 8-12 months window before the pain starts pouring down - unless 'they' really aren't in control, in which case it could be any day.
     
    JulieW, Mar 25, 2012
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