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Yuan Devaluation May Spark Race to the Bottom
- Text size
Telegraph
November 4, 2008
The central bank has shifted the central peg of its dollar band twice this week in a calculated move that suggests Beijing aims to offset the precipitous slide in Chinese manufacturing by trying to gain further export share abroad.
- A d v e r t i s e m e n t
The futures markets are pricing in a 6pc devaluation over the next year. “This is clearly a big shift in policy and we are now on alert,” said Simon Derrick, currency chief at the Bank of New York Mellon.
The move follows a Politburo speech by President Hu Jintao warning that China is “losing competitive edge in the world market”.
China has allowed a crawling 20pc revaluation over the past three years. Any reversal risks setting off conflict with the incoming team of President-Elect Barack Obama in Washington. Mr Obama called China a “currency manipulator” during the campaign, a term that carries penalties under US trade law.
Outgoing US Treasury Secretary Hank Paulson is viewed as a “friend of China”. He called for a stronger yuan this week before embarking on a visit to Beijing, but the plea was couched in friendly terms. This soft-peddling may soon change.
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December 4th, 2008 at 2:27 pm
china a currency manipulator?,all is fair in horse shoes and hand grenades like they say
December 4th, 2008 at 2:34 pm
I dont realy care anymore
This world is under the rules of a system and im not part of this new wave of humans
Jesus is about to return i think so its best i just pray to him and let the world do whatever
December 4th, 2008 at 2:40 pm
A 100% backed gold standard would end any possible manipulations by any country, didn’t the Treasury or Fed think about that?
December 4th, 2008 at 2:41 pm
http://www.petitiononline.com/.....ition.html
——————
The Transparency of Loyalty in Government Amendment is 353 signatures strong today, 4 Dec 2008. If this proposal were law the ramifications would TRULY be revolutionary and more effective than anything the TRUTH/REVOLUTION movement has yet to propose. The last time this legislation was passed the US was INVADED BY ENGLAND and the TONA was PURGED from American history. This IS the ORIGINAL 13th Amendment, it should be an easy sell! Please sign and support. For the love of justice PASS THIS ALONG!! This battle can’t be won alone as one voice cannot be heard above the shitstorm of corporate propaganda.
If you want to know who is a CORPORATE self serving shill SELLOUT, send them this petition and see if they will PLEDGE their ALLEGIANCE against corruption. If you are not against CORRUPTION,you are for CORRUPTION! If you are not for AMERICA, you are against AMERICA!
GET MAD, GET MAD AS HELL!! If you aren’t uncontrollably mad, you are still asleep! Fill your heart with anger against corruption brothers and sisters. This will give more fulfillment than any corporate mortal pleasure.
ANGER IS THE FUEL OF THE REVOLUTION!!!
December 4th, 2008 at 3:11 pm
#3 – i don’t care if there are feds watching us on this site. we can usually tell who they are. if they want to come for me or put me on some list go ahead. i refuse to fear my government. you want me come and get me. you’ll die if you do.
December 4th, 2008 at 3:12 pm
follow up to my #8 post: http://www.youtube.com/watch?v=fxQ1inTARU4
December 4th, 2008 at 3:53 pm
We know where you live.
When matial law happens, the 9/11 truthers will be the first group to be rounded up.
December 4th, 2008 at 4:04 pm
Did you all see the riots taking place all over china? Cab drivers, factory workers… at least they are mad enough to attack their police stations and factories, what about us?
December 4th, 2008 at 4:19 pm
F**CK the money its going-going- gone…and stick your gold up your arse! I would rather eat squirell pie than put my faith in money or gold.
December 4th, 2008 at 4:21 pm
don’t start something you can’t finnish…I really do beleive I will see you in hell you clever bastard!
December 4th, 2008 at 4:41 pm
Devaluating the Yuan?
Shouldn’t that make all that stuff cheaper we get from china?
Don’t Worry… Be Happy
I think that’s a song?
December 4th, 2008 at 4:46 pm
NSA you spelt martial law wrong( you said matial…This is how you spell GOON! I bet you work for homeland security you little brainwashed little F**ck…
Go on get george bush i will kick his fucking head in!
December 4th, 2008 at 4:48 pm
Plz infowars try to make the respond time faster.
I understand your servers are overloading with data
But people might get the idea someone from the secret service
actually has to read them for approval
And to the person who has typed on this site some time ago
ALEX JONES = BILL HICKS
Thanks i never heard of Bill Hicks…
I wish it where true because Hicks IS a REAL FKING HERO
And to mister Jones….. Would it not be a compliment to be compared to Hicks?
December 4th, 2008 at 5:26 pm
interesttin.. Lets see if Paulson goes to China like GreenSpan went to Japan.
December 4th, 2008 at 6:09 pm
You’re all a bunch of pussies, and you don’t deserve freedom, because you’re not willing to do anything, you’re not willing to fight, and you’re not willing to risk anything.
You’re too afraid to lose your beloved box of wood, your house, and you’re too afraid to lose your job, so you just want me to take the heat, right?
Let some freedom fighter on the other side of the world give his life at a checkpoint, while you shrug and eat your fucking cornflakes?
And that is why your country is finished–first of all, you’re not going to keep your jobs; and second of all, you’re not losing your jobs because you picked up your guns, you’re losing your jobs because you didn’t pick up your guns.
December 4th, 2008 at 6:12 pm
You’re censoring my comments in realtime, which means someone’s reading them in realtime.
You and all your “web properties” can fuck off. Phoney-baloney snitching crusader–why don’t you go google your grandmother’s ass?
December 4th, 2008 at 7:10 pm
If they are censoring then how did post just now?
December 4th, 2008 at 7:17 pm
birch you`re an idiot, if you listen to his radio show he explained why shit sometimes wont post. Why dont you google end game and get your learn on rather than calling alex a snitch
December 4th, 2008 at 7:42 pm
There will be a place of refuge from the beast system. Look for it in the Appalachian mtns. and also in Ireland. There is nothing you can do to stop what is coming. Prepare yourself and loved ones for what will take place is what has been fortold. If you humble yourselves and help someone who will not be marked you’ll make it through. Be careful and use your head… God will not be mocked.
December 4th, 2008 at 9:54 pm
OFF THE SUBJECT BUT IMPORTANT: Folks we must maintain what liberties that remain and take back those that were lost in the name of one war or the other.
If LIBERTY is in tack then commerce and trade will return just as the ocean tides ebb and flow. Liberty folks that’s what Alex preaches and that is all that counts no matter what happens to the economy. Liberty, Liberty, Liberty…… Let no one take you liberties away furthermore take back those rightful freedoms that have been stolen in name of the War on Terror. Liberty…..Good Day….
December 4th, 2008 at 10:27 pm
what if ; satan knowing this puts up a dupe only to be knocked down in due course whereupon he promptly places himself in power, and (calling himself jesus or whatever) aparently fools a great mass of the world anyway?? yu think satan can’t read r smething, jeez.how tranparent.
December 4th, 2008 at 10:44 pm
And yet, while the world is smoldering around us, I sincerely hope there will be time for a least one final cup of tea.
December 5th, 2008 at 12:40 am
why is always the religious nuts that write the most drivel
December 5th, 2008 at 12:47 am
birch is gay
December 5th, 2008 at 1:52 am
LOL, Obama calls China a “currency manipulator”. What a farse, the FED is the biggest currency manipulator to the American people.
Down with Nazi Washington lackeys. Long live the Republic.
December 5th, 2008 at 3:27 am
Yeah, as usual the Judeo-Christlings flock to the public forum to “spread the gospel”, i.e., Jewish mythology, to persons who come here to indulge in debate and learn about REAL WORLD issues.
Keep hollering about that Jew-book ; the Jews laugh their asses off watching the stupid Goyim bragging to everyone about how much they love “God’s Chosen” and their preposterous myths!
Sorry to tell you, but many, many millions of devout Christians over the years, especially under Jewish Communism last century, didn’t get zipped-up into the clouds…they suffered extremely cruel torture, slavery, and murder by God’s Chosen commisars.
Well, about the news item now, something REAL : as has happened recently in Iceland, and happened in Argentina similarly before then, Americans are gonna wake up one day, probably in the next couple of months, to find their dollars worthless, and the banks closed to them, and the store shelves empty. Next Spring will see some major events, both at home and abroad.
Maybe then America will rise up in righteous FURY and “do unto” these International Parasites, that which they have done unto us, and so many of our brethren!
When the Plunderers see the masses stirring to move against them, that’s when they plan on unleashing both Civil War at home (thus the troops, and this new “Homeland Security Corps”, as well as Contractor thugs and, yes, foreign troops, for “domestic use”), as well as World War Three, to finally break the American Majority, in order to absorb the remains of our country into the Jews’ New World Order.
Enjoy your Christmas holiday with your families, it may be the last one for many of our people…it certainly won’t be the same next year!
December 5th, 2008 at 5:08 am
Carolina Dave,
I see you are caught up thinking that the influence behind the American decline is all foreign, that is what most Germans belived at the time of Hirlers nationalist party rule, they also believe that in Cuba also. When we blame everything bad on foreigners it is called “not being informed about the source of the problem”. Remember the song “a man can’t get your love unless your woman let him”, same applies here in this situation.
December 5th, 2008 at 6:57 am
WELL WELL THE CHICKENS HAVE COME HOME TO ROOST, 2009 WILL BE AN INTERESTING YEAR . WE KNOW THERE WILL BE WARS ETC BUT PERHAPS AT LAST WE HAVE THE CRISES FORETOLD BY JOE BIDDEN(SHIT-HEAD). THE CHINESE ARE GOING TO START DUMPING THE DOLLAR AND A TRADE WAR IS GOING TO START ENDING WITH THE DEATH SPIRAL FOR THE DOLLAR. THINGS ARE HAPPENING THAT WILL BE UNPRECEDENTED. THERE ARE SO MANY THINGS SET TO HAPPEN WE KNOW ABOUT IT MAKES THE HEAD SPIN. BUT ITS THE THINGS THAT CATCH YOU OFF GUARD AND THE ILLUMINATE ARE GOING TO GET HIT AS WELL. THIS IS A VUNREBLE TIME FOR THEM
December 5th, 2008 at 7:35 am
The Chinese are already at the bottom.
December 5th, 2008 at 8:42 am
Well one question comes to mind, considering all the talk around the Fed’s more than dodgy role in all this…..”Who is the real currency manipulator? The US or China?”
If someone knows better how to manipulate currency it certainly is the US…
In fact, can anyone explain how the US $ is doing so well right now? Is it just that other currecies aren’t doing well?
December 5th, 2008 at 10:31 am
In answering the question that was posted by Spiral Zone about “can anyone explain how the US $ is doing so well right now? Is it just that other currecies aren’t doing well?” The answer is this. When you see the market in contraction and freefall. Many investors panic and route/roll their investments into the perceived safety of Treasury Bills, thus the Dollar rises. The second thing that is also occurring is the demand for dollar monetized debt created by credit default swaps that must be payed. This also creates a rise in the dollar. Once these demands are met you will see the dollar in freefall. Let us brace ourselves.
December 5th, 2008 at 12:43 pm
“Obama calls China a “currency manipulator”. What a farse, the FED is the biggest currency manipulator to the American people.”
Ya, what a f’n joke.
Obama is a mass manipulator…and his Jewish puppetmasters at the FRB are the world’s greatest monetary manipulators!
December 5th, 2008 at 12:44 pm
“Obama calls China a “currency manipulator”. What a farse, the FED is the biggest currency manipulator to the American people.”
What a f’n joke.
Obama is a master mass manipulator and his Jewish puppetmasters at the FRB the world’s greatest monetary manipulators!
December 5th, 2008 at 1:23 pm
All “Fait” currencies have lost over 30% of thier value collectively. Some people think that the Dollar is strong!
Watch “Money as debt” on ICH. We have too many people asleep. The stuff we know, (the choir) is way too frightening to overcome the denial that terrified people generate.
We need more awake people and I hope we concentrate on that first. Because of the financial aspect to the latest, “Threat to personal security,” a simple cartoon that introduces the lethal trap of a system that is inherently evil and contary to the best interests of the vast majority of ordinary and decent people, should first be understood.
Good luck to all but the vampires!
December 5th, 2008 at 8:43 pm
Strange to see how the world is changing. Also this American Patriotic behavior scares me a little. Guess this is just cultural? Not that it is bad to be proud about something though. Anyways I been looking a lot at America since 9/11 and have to say your leaders are scary when they address you.
What I see now is like China is the bad man? Though I believe you have not seen anything yet. The west has profit so much from the cheap Chinese labor. So maybe Chinese government are evil, but the citizens are hard workers. We can not blame them for this fake economic crisis. This was known to happen for many years and warned for by many good people and nice documentaries.
Don’t get me wrong. I like Americans. Just not your fascist government. And most of you now begin to realize what that word means. I hope the American people revolt against their corrupt government. And don’t be afraid of being shipped into those concentration camps. You only seen that in WW2 movies perhaps, but those are based on a real story. Not Hollywood productions.
To end. China? Not concern right now. Start with your own country as it is currently occupied by terrorists. And they are ready to offer you in their satanic occult rituals.
December 6th, 2008 at 12:37 am
At least China hasn’t gone to war to manipulate their currency unlike the USA. What do you think the Iraq War was about? It was about Stopping Iraq selling oil on the international market using Euros. Nothing to do with getting oil, weapons of Mass Destruction or bringing freedom and liberty to the Iraqi people. Washington and Wall Street couldn’t give a toss about that stuff. It was about maintaining strenght of the US $ as an international currency.
Pot, calling Kettle Black ROFL.
December 6th, 2008 at 1:58 am
test
December 6th, 2008 at 2:12 am
post test
December 6th, 2008 at 3:27 am
CD in all of your studies Im surprised to learn that you still dont know the difference between an Israelite and a jew. You are most probably an Israelite.
December 7th, 2008 at 9:53 am
Race to the bottom is what the gold traders and gold holders would choose. Everyones currency is worthless, gold goes to $50 000. I wonder if China has any massive gold reserves. How will China devalue the yuan? Will they prints truckloads af money like the U.S.A.? Wouldn’t that take too long?
December 7th, 2008 at 4:12 pm
WE SHOULD ALL GO BACK TO THE DAYS OF FUR TRADING!!! =)
http://www.myspace.com/freehovind http://wyattarchaeology.com/noah.htm
http://www.fool4given.com/books/301proofs.pdf http://www.discovery.org/artic.....Fakest.pdf
http://www.100abortionpictures.com
December 7th, 2008 at 7:35 pm
Turn your fear to rage…Satan’s minions are not to be feared…even though they think they are strong and go forth to slaughter God’s own….remember…Satan is a liar..what is really happening is God delivering your enemies into your hands…to be crushed and trampled. Satan will see his fallen followers and laugh at them…tell them how stupid they are..show them how easy it was to pull them away from God…then drag them into the depths of hell…laughing all the way.
Give them no quarter…show them no mercy..for they are not of God!!
December 10th, 2008 at 10:13 pm
beggar thy neigbor . . .
tragedy of the commons. . .
December 12th, 2008 at 8:57 pm
Slumming at Borders this past week was a pretty rewarding experience for those of us who wandered around the music aisle. There under