Some peace of mind and facts from stellaconcepts

Discussion in 'Silver' started by pmstacker, Jan 25, 2011.

  1. pmstacker

    pmstacker New Member

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    Just incase you havn't seen it yet

    [youtube]http://www.youtube.com/watch?v=leAfVO9qjbI[/youtube]
     
  2. Argentum

    Argentum Well-Known Member

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    love the guy with the cross at the end
     
  3. Guest

    Guest Guest

    Inflation? What inflation? There's no inflation! :D

    China WILL continue to buy our crap as our dollar strengthens remember! They're the answer to all our economic woes! They'll keep our businesses, mining industry and housing afloat!

    Oh who the hell am I kidding?

    China interest rates on the march. Australian interest rates on the march. Credit tightening. Commodities soaring.

    China is screwed, which by extension means you can all hold onto your collective arses I think.
     
  4. Matthew 26:14

    Matthew 26:14 New Member

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    Well I heard stella saying 1,320 was key price point in gold....currently 1,325 so we are at the edge supposedly...
     
  5. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    A girl at work has family in China and tells me the bloggs and forums from there are filled with egocentric, self-entitled, greedy young male investors whom blame the West for any drop in earnings and openly berate the Chinese Govt for not doing anything about it. I'd hate to see what's going to happen when their votes start forcing Govt Policy.
     
  6. Guest

    Guest Guest

    Since China is a communist state, I'd say very damn little to be honest.
     
  7. Dabloodymess

    Dabloodymess Active Member

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    China isn't screwed just yet... they hold all the cards (and the fiat :p). As long as they change all that fiat into real tangible assets before it becomes worthless then they are laughing, and from everything I have seen that's exactly the direction they are moving in.
     
  8. dccpa

    dccpa Active Member

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    They vote in China?
     
  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Oh Sure..it's a people's republic..they have a congress and everything...but there's only one party on the ballot card! :rolleyes:
     
  10. Matthew 26:14

    Matthew 26:14 New Member

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    Probably communist party members get some kind of a "vote". Or its a vote via a Kalashnikov-47 type of thing.
     
  11. jaynutter85

    jaynutter85 New Member

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    Alot of people on this forum seem to think that

    1. the chinese government can act with impunity since they are communist, and;
    2. just because the people cannot vote for their government, that would imply that the government has no interest in the people's welfare and they should not be afraid of 'people power' per se.

    I think this is a pretty simplistic view. Communist = bad, democratic = good?

    Try to imagine governing a country with 1.6 billon people, more of which are becoming educated every year, wanting the same cars and houses that we aussies are accustomed to. If the Chinese government did not keep these people happy, due to food inflation etc running wild and inflation eating away at hard earned savings, then they would have civil unrest problems of epic proportions. I can assure you that is not something they want.

    I do not think we should confuse the chinese the chinese government with other 'communist' states such as north korea/burma/laos.. Try to remember that this country has had close to 10% growth for the last 10 -15 years. True alot of that might be due to credit expansion issues but still, it is no mean feat to have taken such large amounts of people out of poverty at such a fast rate.

    India, indonesia, the Philippines and pakistan have large populations with democratic governments. Why is it that these countries seem to be lagging, never emerging from china's shadow? I know this is overly simplistic, but I just think we should give china and their government some credit for transforming them into an economic power in the short span of a few decades.

    By the way, I dont think China will be screwed. Like Peter Schiff said, the chinese can always let the yuan rise when inflation gets too rampant. There would probably be a period of adjustment so their economy can start to consume their own products, but all economies go through that phase. Dont think China will be any different.

    P.s. The Chinese Governments are also one of the few governments that advocate gold and silver ownership.
     
  12. pmstacker

    pmstacker New Member

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    Chinese government is also one of the governments that have not accepted a separate non government controlled reserve banking system such as that in place in America, Australia and England (which of course the source and ROOT of all evil, a private enterprise that doesnt care about the people within the country cause it doesnt have to). One of the things that Kennedy tried to abolish but couldn't complete when he was in power.

    India, Indonesia, Phils and Pakistan are in the state that they are due to heavy corruption within their government, indonesia for example is a relatively new country along with india as well (not sure how long Philippines and pakistan have been sovereign). Many of these countries are going through their discovery stage and making big mistakes along the way.Also what many of these countries call democratic isnt really democratic, its mostly .. really either facist or socialist, where really (even though they call themselves democratic) its the governments and the big corporations that REALLY control the country (kinda like where america is going right now) not the vote of the people. What drives the reserve banks to be the evil organisations that they are is corruption and in all these democratic countries mentioned above corruption happens at a GRAND scale.

    As far as i know China has been China for many more years then any of the countries mentioned above and has been able to grow as a country and learn from its mistakes so im sure they know what they are doing, china has probably learnt from mistakes of past countries that were about to rise to super power and failed (due to US knowing how to play the game) and are now trying to mitigate it any of these scenario's playing out again before it happens to them, plus years of communism followed by industrialisation has put them in a very patriotic and strong producing position.

    I think one of the things that china has to deal with now is this inflation that US is so graciously importing, gonna be interesting to see what kind of things China can do to prevent this from going wild ....
     
  13. renovator

    renovator Well-Known Member

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    the powers at be wanted to raise the worth of the chinese yuan but china resisted so the west keeps buying buying buying so i think they have a good idea on where their going & how to bring in the wealth . the only thing we can do is try not to buy chinese goods which is nearly impossible !!
     
  14. Dynoman

    Dynoman Active Member

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    One of the major pegs on China's inflation is the wage ceilings they have in place. Also the Chinese are habitual hoarders so every spare Yuan is saved. You have bowl of rice and wing of chicken. Everybrudy happy !
     
  15. pmstacker

    pmstacker New Member

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    Yeh, but the issue is this PEG to the USD is whats causing the inflation for china cause us prints, china appreciates against usd, china says no, china prints inflation occurs, which will sooner or later really start hurting the domestic economy, well actually its already begun to hurt the domestic as you can see from the video... will be interested to see how china curbs this inflation.

    If its interest rate hikes it could effect the whole global economy (and australia to say the least), if its subsidies foods etc it can only be for a certain time before those subsidies start hurting the government. As commodities, food etc keep going up, if china try to make it easier for its people to buy food (as inflation goes up) by subsidizing it will eventually be coming out of the governments own pocket. That can only be maintain for so long before it gets too painful, other countries subsidizing things such as fuel have experienced the same pinch as oil has started to rise in price. Last but not least If its to float the Yuan then made in china may not be so cheap anymore .... China dont like this either .... US would love for this to happen ....

    So its going to be real interesting to see how china works this little riddle out....
     
  16. dccpa

    dccpa Active Member

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    Last I read, China was going to implement price controls on food. That worked out really great in America in the 1970s. :rolleyes:
     
  17. realisticmystic

    realisticmystic New Member

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  18. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    I think that to effectively manage that sort of population the country has to be communist. Imagine the traffic jams and other major inconveniences to a working city if the govt could not dictate where people were to live if they wanted to work at a particular location (for example).
     
  19. SparkySilver

    SparkySilver New Member

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    China still thanks the USD is good... why else would they offer to exchange the USD for their dollar hear in the states. :eek:
    On the news this week the bank of china NY branch stated they are openly buying USD. ???? They showed lines in bank for these transaction.

    If... or should I say WHEN the USD fails... will the US have an "exchange" system? trade your USD for silver, gold or ? :D

    My thought is keep a little local fiat on hand to use during deflation then silver for the new currency during hyper inflation. that was until I had a terible boating accident last week and lost everything. Darn safe sunk like a rock. :cool:
     
  20. intelligencer

    intelligencer Active Member

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    Well in Australia boating accidents arent the norm. We are a very sleepy nation though, and whenever we think of the hoards of gold and silver we have amassed we wake up from our dreams.
     

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