â€śIt is a moral crime to give money to support ideas with which you
disagree. It is a moral crime to give money to support your own destroyers.â€ť
Is it a stretch to say the Chinese wish to
destroy the United States?Maybe!But it isnâ€™t a stretch to say that China
wants to become the primary global economic and military power in the
world.It is why the G-20 was so fresh
with irony.We have China and Germany
teaming together for the â€śsanction of the victimâ€ť -- the United States.Even though it is US liquidity that is
keeping both their economies afloat, now that Germany has become attached at
the Chinese hip.
You know what they say boys: Be careful what
you wish for ... it may come true!I
guess it doesnâ€™t translate well into either Chinese or German.
Bashed, indeed, Mr. Obama was at the G-20; and
for a lot of good reasons.But, the
reality is this problem in the global economy is first and foremost a global
imbalance problem with China and Germany (to a lesser degree) as the two
spoiled children creating a problem they fail to admit.
German Finance Minister Schauble, tell us
again how that single currency regime, structured primarily by your country to
your own benefit by creating a captive market for your industrialists knowing
all too well by locking the other countries into a system whereby they cannot
adjust to compete with Germanyâ€™s efficiencies, i.e. the straightjacket of the
euro, is working for you?
Oh yes, you are correct Mr. Schauble -- it is
working very well.Germany is sucking
the air completely out of the eurozone as the others are wheezing on life
support.Nicely done!And you hammer the US for liquidity
generation?That is fresh!
Why so fresh?Well it is US liquidity and ability to take on Chinaâ€™s huge
manipulated trade surplus that is creating the demand for Germanyâ€™s industrial
orders, Mr. Schauble, in case you hadnâ€™t noticed.Ahh ... no good turn goes unpunished, does it
But not to be outdone in the hypocrisy
department, China, always one to love sanctioning its victims, tries to turn
the G-20 into a US bash fest.And
because the so-called leaders of most other countries are a bunch of weenies,
afraid China will turn its power on them with even more predatory practices
should they speak up, remain quiet as doves cooing in their pens.
One again, in case the rest of the world
hasnâ€™t noticed, the US in all its so-called fx manipulation has once again
taken on the bulk of Chinese exports, keeping the game alive through both US
demand and the Fedâ€™s QEs.
We canâ€™t remember China ever complaining about
the dollarâ€™s decline when demand was brisk before the credit crunch.We canâ€™t remember China complaining about US
consumers spending like drunken sailors and over leveraging then.But much seems to have changed since US
demand has fallen after the credit crunch.But much is still the same because it is the US demand that is keeping
the commies in power.It is the US demand
that is still delivering the goods to the powerfully politically connected spoiled
brats known as the â€śPrincelings.â€ťAnd it
will be interesting to see what happens to these â€śindustrial wizardsâ€ť once the
US finally gives them what they are asking for -- less liquidity.
How come nobody seems to mention Chinaâ€™s
massive quantitative easing program which on a relative scale was much larger
than that of the US?Because my friends,
the vested powerful interests inside and outside the US who make huge money
inside China would be showing the emperor with fewer cloths than he currently
credit expansion was 9.6 trillion yuan in 2009 and will be 7.5 trillion yuan
this year from 5.8 trillion in 2008.This immense credit goes to the state-owned enterprises at 5.5%
interest, lent by state-owned banks that amass captive household savings at
2.25% deposit rates.â€ť
China GDP growing at 10% and they pay 2.25% to
depositors?Talk about incredibly
suppressed market interest rates, Batman!And the US is typically the recipient (rightfully so) of bashing
criticism for its artificially low rates.Just close your eyes ... push the China-Cheerleading stuff and the â€śUS
is always the bad guyâ€ť stuff you hear from the financial press out of your head
for a moment ... then think of the massive displacement of capital inside the
Commie Kingdom; it will end badly.The
only question is when.And we know the
answer to that riddle.
It ends badly when the leaders of the US
government reach around and finally find some spine!
This maybe a bit egocentric; it may sound a
bit like your typical ugly American yahoo; it may sound like yet another
philistine in the wilderness that has not come to grips with the new power
structure of one world order; it may appear my blue-collar roots are showing;
to all that I plead guilty as charged; proudly so.But I am sick and tired of watching the US
enrich poor Asians on the backs of blue collar workers and the rest of the
middle-class so platform companies, and the powerfully politically connected
can enrich themselves and their shareholders as they transfer massive
industrial power and research to a country that wants to bury them.And then they dicker around the edges of
econometrics bull$*&^ wondering why the US has a structural unemployment
problem.It is to laugh, but so pathetic
it makes you cry.
So when does it all end badly? When the US
finally erects very high tariffs against Chinese goods flowing into the US
economy -- thatâ€™s when.The latest
election cycle should make it very clear to the Chinese that this game is about
over.The victims are sick and tired of
Daily Forex Market News Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Forex News Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Actionable trading levels delivered to YOUR charts in real-time.
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.
The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.
The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.
Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.
The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.
Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.
Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.
Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.
WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES
CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN
EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE
PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE
INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC
REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL
SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR
SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.