User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday November 16, 2010 - 18:00:07 GMT
Black Swan Capital - www.blackswantrading.com

Share This Story:
| | Email

Sick and tired of "sanction the victim"

“It 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.”

           

Ayn Rand

 

Is it a stretch to say the Chinese wish to destroy the United States?  Maybe!  But it isn’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 “sanction of the victim” -- 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 doesn’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 Germany’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 China’s huge manipulated trade surplus that is creating the demand for Germany’s industrial orders, Mr. Schauble, in case you hadn’t noticed.  Ahh ... no good turn goes unpunished, does it Mr. Schauble? 

 

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 hasn’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 Fed’s QEs. 

 

We can’t remember China ever complaining about the dollar’s decline when demand was brisk before the credit crunch.  We can’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 “Princelings.”  And it will be interesting to see what happens to these “industrial wizards” once the US finally gives them what they are asking for -- less liquidity.

 

How come nobody seems to mention China’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 appears. 

 

“Chinese 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.”

 

                                                            Leto Research

 

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 “US is always the bad guy” 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 -- that’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 being sanctioned.

 

Jack Crooks

Black Swan Capital LLC

www.blackswantrading.com

 

Forex Trading News

Forex Research

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 here.

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."



Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales


John M. Bland, MBA
co-founding Partner, Global-View.com


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube



Max McKegg's Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.


Request a TRIAL of Max's Forex Service.


pic

Retail Forex Brokerage Changing!

Are you 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.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

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.

Forex News

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

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.

Forex Brokers

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 Trading

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.

FX Trading

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.

Forex Blog

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.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105