Comments on: Will China Flex its FX Muscle? http://dailyreckoning.com/will-china-flex-its-fx-muscle/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: john jones http://dailyreckoning.com/will-china-flex-its-fx-muscle/#comment-32241 john jones Thu, 15 Oct 2009 20:12:37 +0000 http://dailyreckoning.com/?p=19162#comment-32241 the shift away from the us$ to the russian/chinese!! as the worlds reserve currency has already taken place. only most inflexable western minds. do not see this change the shift away from the us$ to the russian/chinese!! as the worlds reserve currency has already taken place. only most inflexable western minds. do not see this change

]]> By: tony bonn http://dailyreckoning.com/will-china-flex-its-fx-muscle/#comment-32139 tony bonn Thu, 15 Oct 2009 04:25:04 +0000 http://dailyreckoning.com/?p=19162#comment-32139 actually unemployment in china is quite high especially in the western provinces.... it is also not certain that chinese reserves are as high as claimed....i have no idea where the numbers come from and there is evidence that chinese trade surplusses have been overstated considerably.... yes the yuan has lots of problems and as much if not more per capita spendomania as the usa... as i have opined elsewhere it is too early to know if the chinese are the japan of the 1980s or if they really do represent a paradigm shift from west to east.... as long as capital flight from the usa persists, it would seem that the center of gravity is shifting to asia. actually unemployment in china is quite high especially in the western provinces….

it is also not certain that chinese reserves are as high as claimed….i have no idea where the numbers come from and there is evidence that chinese trade surplusses have been overstated considerably….

yes the yuan has lots of problems and as much if not more per capita spendomania as the usa…

as i have opined elsewhere it is too early to know if the chinese are the japan of the 1980s or if they really do represent a paradigm shift from west to east….

as long as capital flight from the usa persists, it would seem that the center of gravity is shifting to asia.

]]> By: JRod. http://dailyreckoning.com/will-china-flex-its-fx-muscle/#comment-32114 JRod. Thu, 15 Oct 2009 02:18:50 +0000 http://dailyreckoning.com/?p=19162#comment-32114 Check my math for me. 2.3 trillion dollars from a nation of 1.3 billion people is 1,770 dollars per person. Not everyone works, but in China I bet most do, child labor laws being a little, uh, lax. So say maybe $2,000 dollars per worker. 2.3 Trillion is a lot of money, but if I were a communist and I had a work force of a billion people and I could get them to work for peanuts, I think I could put up some big numbers too. We talk a lot about the declining dollar, but the yuan is falling along with it. The commies have to provide so little to their workers they can't be beat. Cheers! Check my math for me. 2.3 trillion dollars from a nation of 1.3 billion people is 1,770 dollars per person. Not everyone works, but in China I bet most do, child labor laws being a little, uh, lax. So say maybe $2,000 dollars per worker.

2.3 Trillion is a lot of money, but if I were a communist and I had a work force of a billion people and I could get them to work for peanuts, I think I could put up some big numbers too.

We talk a lot about the declining dollar, but the yuan is falling along with it. The commies have to provide so little to their workers they can’t be beat.

Cheers!

]]> By: tony bonn http://dailyreckoning.com/will-china-flex-its-fx-muscle/#comment-32094 tony bonn Thu, 15 Oct 2009 00:00:15 +0000 http://dailyreckoning.com/?p=19162#comment-32094 exxon should have thought about that when it decided to support free trade with slave wage communist countries.... exxon should have thought about that when it decided to support free trade with slave wage communist countries….

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