China considers ending dollar peg

[iyamwutiam]

Re: China considers ending dollar peg

Think of what happened to the Euro and how it ruined many European middle class. The value of your currecy increases in value internationally -great ? -for you?

Only if you are super rich and want to buy super rich stuff like corporations. But if your an ordinary joe -it means that you get paid less for doing more work over time because someone could hypothetically earn way less but still way more.

So this causes jobs to be shipped overseas by the lure of pollute at will, exploit at will and bring 'wealth' to this country. All of a sudden a huge area of manufacturing plants spring up -reminding you eerily of mining towns where everything was owned by the robber barons. They called this vertical or horizontal integration.

In the meanwhile -your fighting inflation that supposedly doesn;t exist in the statistics (gee funny how that turns out eh). Sure gas, energy, rent are all that is up -esp. utilities but there is no inflation because millions of contracts have been pegged to inflation in this country particularly Social Security, Veterans Benefits (definitely a lot for a country that is at war almost EVERY year).

That beautiful river of income stream from the american working public. Millions every day -automatically painlessly deducted from every working person (salaried) -quietly efficiently and extremely profitably. After all -I have about 4 million numbers -being used 6 times on average for a lot of low end jobs -so in essence one SS is paying in to the funds 6 times!!

The point is the appreciation of the currency as the depreciation affects mainly the very rich. These shocks only effect the middle class after the player involved have thought out a reasinable plan from having 'us' recover their losses.

So in short -China should de-link and depreciate.

[Morelia]

Re: China considers ending dollar peg

Get your shortwave while you can.

for the newbies and impressionable folks here, please review the iTulip disclaimer:

"Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only."

[jtabeb]

Re: China considers ending dollar peg

for the newbies and impressionable folks here, please review the iTulip disclaimer:

"Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only."

Actually, that WAS investment advice.

But it does remind me of one of the better aviation jokes I've heard.

A Free Polish Pilot who flew in the RAF during the war is on a speaking visit stateside to raise funds for war bonds (the guy who told me this SWEARS it's true, but then again, you all know how pilots are;))

He is regaling a tail of aerial combat over Europe when he starts talking details about the dog fight he was in.

"These Fokkers rolled in on me and I just turned my plane around as fast as I could and met them head-on".

At this point the embassy attache jumps in with a quick disclaimer.

"Ladies and Gentlemen, I do have to appologize, but I must point out that since our speaker today is not a native english speaker, that you may have MISUNDERSTOOD that last part."

"You see Ladies and Gentlemen, a [Fokker] is a type of German Fighter plane, I wanted to make sure that you did not mistake something you just heard as inappropriate language".

All the audience issues a sigh of relief.

Our Free Polish Pilot takes the helm again, not sure what that was all about, and proceeds to correct the young attache.

"Ja, what you say is true, but in my case, these Fokkers were Messerschmitts!"

(Sorry, can't help myself, that is my all time favorite pilot joke. And the inappropriateness definitely gives it credibility).

[ThePythonicCow]

Re: China considers ending dollar peg

Best computer I could afford (way overspec'd),

With your investing success in gold this decade, that must be one fine computer -- the following perhaps:

The CERN Computer Centre in March 2008.

If you require a programmer for this beast, give me a call. Such beasts are my specialty.

[ThePythonicCow]

Re: China considers ending dollar peg

Get your shortwave while you can.

Thanks for the prod. I've long had this task in my queue. A Sony ICF-SW7600GR is now en route to my doorstep.

[jtabeb]

Re: China considers ending dollar peg

With your investing success in gold this decade, that must be one fine computer -- the following perhaps:

The CERN Computer Centre in March 2008.

If you require a programmer for this beast, give me a call. Such beasts are my specialty.

I am looking for someone to make SDRMAX3 compatible with the current version of the SDR server software (and add I/O recording capability)

Hell, I'd just be happy to get my makefile for Dreamradio to freaking compile and put out a working executible,

http://sourceforge.net/apps/mediawik...itle=Main_Page

http://www.philcovington.com/QuickSilver/

[Glenn Black]

Re: China considers ending dollar peg

As long as China maintains their peg to the dollar, they will maintain an absolute wage advantage over the US economy, thus maintaining a positive flow of manufacturing jobs and capital investment dollars from the US into China. They will not abandon this until the US consumer can no longer purchase what Chinese make, or until there are no more jobs to be siphoned out of the US.

This is economic warfare, plain and simple. It is the Chinese elites and US elites vs the US people, and guess who is winning.

The US economy must be crushed in order to establish the New World Order. That is the number one agenda item for these people.

Until these global elites are convinced that the US economy is permanently crippled, expect to see more of this kabuki theater and jawboning on both sides of the pacific.

In a nutshell, the dispute is this:

The exchange rate is set by China, with an internal and external currency, they can have their cake and eat it too.

By pegging it, they can ensure that the Chineese goods are cheap and desirable by US and others, causing a Chinese trade surplus. US argues that the currency is artificially and unfairly set too low, and is therefore leads to dumping, unfair competition against US manufacturers & US goods, and on & on.

[ThePythonicCow]

Re: China considers ending dollar peg

I am looking for someone to make SDRMAX3 compatible with the current version of the SDR server software (and add I/O recording capability)

Hell, I'd just be happy to get my makefile for Dreamradio to freaking compile and put out a working executible,

From the looks of the thread at http://groups.yahoo.com/group/qs1r/message/6103, SDRMAXIII is open source alpha software abandoned by it's original author. It seems that SDRMAXII is more widely useable. But all I know is what I read on the internet in the last 20 minutes. It seems from that thread that SDRMAXIII is not a new version of or replacement for SDRMAXII, but rather something distinct.

Are you trying to build and run this on Windows, Mac or Linux? My expertise is on Linux, and I only dabble in the others when something in particular interests me. So far as short wave radios go, I'm content to get a $300 retail product. If the internet and reception to my trusty AM/FM radios are all down, then I'll be content to read books during daylight hours and port water from the nearby lake for the time being.

[jtabeb]

Re: China considers ending dollar peg

From the looks of the thread at http://groups.yahoo.com/group/qs1r/message/6103, SDRMAXIII is open source alpha software abandoned by it's original author. It seems that SDRMAXII is more widely useable. But all I know is what I read on the internet in the last 20 minutes. It seems from that thread that SDRMAXIII is not a new version of or replacement for SDRMAXII, but rather something distinct.

Are you trying to build and run this on Windows, Mac or Linux? My expertise is on Linux, and I only dabble in the others when something in particular interests me. So far as short wave radios go, I'm content to get a $300 retail product. If the internet and reception to my trusty AM/FM radios are all down, then I'll be content to read books during daylight hours and port water from the nearby lake for the time being.

Dream Radio is a source file only (must build it yourself) DRM decoding software (Digital Radio Mondial). Really awesome stuff. That is the one I'm having pains with for Win 7 64 bit.

The SDRMAXIII thing was just a pipe dream. (But DAMN, the UI is nice) I like the UI more than for SDRMAXII, but that server version that is uses only runs on 32 bit Win.

This software defined radio shit is amazing.

This tiny black box does 7 channels of simultaneous reception and can show you the RF spectrum in multiple Mhz Size chuncks in real time.

Just caught a little radio Taiwan myself on 4.6 Mhz

[ThePythonicCow]

Re: China considers ending dollar peg

Dream Radio is a source file only (must build it yourself) DRM decoding software (Digital Radio Mondial). Really awesome stuff. That is the one I'm having pains with for Win 7 64 bit.

Over the years I've come to prefer finding a vendor for software who will go through the problems with getting it to work on my preferred platform, except and unless it is something for which I am (or working for) said vendor, in which case I must become the expert on getting it to build and maintaining it across various versions of the underlying required packages. Life is too short to put up with the crap of stuff breaking because something else up-revved. In Windows, they call this DLL hell. In Linux, it's dependency hell. In the particular case of DRM radio, it might be that various patents control critical pieces of the software, so one is not dealing with pure free and open (FOSS) software. This complicates life for the do-it-yourself builder.

A quick search suggests giving further consideration to http://www.winradio.com/index.htm or http://www.iis.fraunhofer.de/bf/db/produkte/swradio.jsp

For those looking for a pre-packaged retail solution, consider the UniWave Di-Wave 100 at http://www.universal-radio.com/catal...able/0023.html (out of stock at present.)

[ThePythonicCow]

Re: China considers ending dollar peg

There's a six year old, but still good read, post documenting someone else's experiments with Digital Radio Mondiale (DRM) software at http://www.fineware-swl.com/drm.html. At least at that time, building DRM on Windows took a bit of effort.

[medved]

Re: China considers ending dollar peg

It's called "cutting off your nose to spite your face".

OK, would things get tight for a bit? Sure. Maybe six months of pure ugliness. But China is *not* the world. There are other plants in other countries and a crash program could get lots of stuff going fast. With the potential profits to be made I think you'd be surprised.

And China would forfeit decades of manufacturing goodwill. No company would trust sourcing products from China for years.

And don't ever forget. The #1 goal of the Communist Party is staying in power. Killing the manufacturing base and throwing lots of workers out in the street is not the way to guarantee that!

Bottom line: I give this < 0.01% probability. Might be wrong, but not losing sleep over that. Much higher probability events to lose sleep over.... ;)

I agree.

This whole noise about cutting the peg only means, their perception of the currency peg environment is back to about mid-2008. This is when slow revaluation of yuan stopped. I guess, they think it is safe to renew it.

[aaron]

Re: China considers ending dollar peg

What concerns me is a what if?

What if the Chinese closed their borders to exports to the rest of us and smiled an inscrutable smile? IMHO we would be stuffed! Most of our electronics now come from China. Go look in any hardware store in the US and find made in the USA labels..... no?

There is historical precedent, but I wonder if any of you know that.

You are kidding, right? Do you know how much shit we Americans have? We do not need electronics, hardware, or anything from China. We have plenty to go around for a long time. Before we run out, we can start buying our stuff from other countries and re-open factories.

On a side note... I was just in Mexico on vacation. I was at the local "mega" store... seemed like a Mexican target or walmart... I was looking for some cheap plastic crap for my kids to play in the sand. They said MADE IN AMERICA. I seriously doubt the plastic pale was make in america, but that is was it said. I was shocked.

China needs the U.S. far more than the U.S. needs China. Closing off trade would be hard for the U.S., but it would be devastating to the Chinese economy.