According to Kerri Shannon, Associate Editor, Money Morning, "You Need to Invest in the Yuan"!
Money Morning Chief Investment Strategist Keith Fitz-Gerald:
"I frequently refer to China's yuan as the only currency on the planet with adult supervision."
The Money Party keeps their assets elsewhere than in US dollar-denominated anything.
Their strategy now is to keep pulling money out of the U.S., intentionally participating in undermining of the U.S. dollar and the U.S. economy. The plan is to buy it all back later for pennies on the dollar, investing only "when blood runs in the streets."
Meanwhile they are trusting in the ignorance of the American people, the cupidity of the RNC, and, the stability of the PRC!
"China is turning out engineers in droves and planning the systematic improvement of their nation and its place in the world." -- Michael Collins
Since the 1980s. the People's Bank of China (PBC) has been the central bank of China, separated from commercial banking functions, which are handled by other institutions. The PBC is publicly owned, with its administrators directly responsible to the major political institutions of the People's Republic of China (PRC). In particular, the governor of the PBC is appointed into or removed from office by the President of the PRC.
The PBC is expected to, and does participate in, formulation and implementation of monetary policy for safeguarding overall financial stability and regulation of financial services. Assets of the PBC are greater than any other single public finance institution in world history.
What is important here is that the PBC has followed, and continues to follow, a straight-forward monetarist policy, with gradual expansion of money supply as the economy expands. The PRC has also experienced recent massive investment in physical infrastructure, and it appears that the PBC has handled the monetary consequences gracefully, making the China yuan a safe haven -- even (or particularly?) for supporters of Republican obstructionism to budget-related realism respecting the elimination of tax loopholes.
There is no doubt that a sane and steady monetarist policy is the best monetary policy, pragmatically applied. China is one of several examples that monetarism works for autocratically governed nations, even when there is considerable corruption of political processes. The question is whether the U.S. or other debtor nations under the sway of anti-nationalist international banksters, who are pursuing various global objectives, can manage a sane and steady monetarist policy in the context of a democratic constitutional republic, with at least a modicum of anti-corruption and anti-trust policy.
The principal originator of modern monetarist theory, Henry C. Simons, reasoned that the success of democracy is tied to the avoidance of concentrations of power, and, Simons held that in order to accomplish that precondition for democracy, government must embrace the necessity of a single publicly owned central bank, operating under law to effect a sane and steady monetarist policy.
We have great universities and fine professional scientists and what do the "rulers" do? They squander that exceptional resource. Shameless behavior on the part of those who know better.
Your point is axiomatic and explains why nothing gets done. We don't have total censorship, not by a long shot. But those who write the ongoing narrative don't let the facts intrude, even when they expose them.
Homeless nation. Maybe they'll revert to having "company towns" or tent cities with the right to squat offered in return for our labor. It's absurd. By destroying the system, The Money Party destroys the value of its assets. Now that's crazy.
Do the Greek people get to vote on the deal? Those in Iceland did and they said no way.
The most troubling and dangerous financial arrangements ruining the world are predicated on fraud. You're not bound to pay such a debt.
These banks need to be removed from the system as do the pathetic excuses for leaders in the US, Europe, and elsewhere. While we fiddle around and punish ourselves by indulging this, China is turning out engineers in droves and planning the systematic improvement of their nation and its place in the world. In addition the pain inflicted, these banks and their allies are creating huge opportunity costs.
My 48 hours program for Greece: default on the debt, leave the euro, build a single public bank, provide a jobs guarantee for all workers, nationalise all the zombie banks and warm over your middle finger for a lot of gesturing.
Go to your tax record and click on the book/page. In Palm Beach County, you will then click on image. It will bring up a .pdf of the mortgage. It will say MERS at the bottom of the FIRST Page.
Zhuubaajie is either a Chinese nationalist troll or member of the famed 50-cent party. His antics on the Huffington Post business section earned him an entire article dedicated to China's paid internet "contributors". I've got into countless arguments with the guy who has an severe intolerance to the slightest bit of criticism toward China; his common approach is to try to twist it into criticism toward America.
Anyway, I completely agree with your article. America's trade arrangement with China is utter stupidity. It's not a secret plan or conspiracy it's out in the open for all to see. If China designates a company of strategic interests it forces producers to move manufacturing there, form joint ventures, and pass over trade secrets. Chinese state run companies actively harass foreign companies to shut down and move to China using their connection to China's state run banks to effectively bribe our companies with subsidies. On top of that you'll see a noticeable increase in hacking attacks directed at intellectual property rich industries in technology rich fields and Chinese students gaining graduate student visas.
Unfortunately some of America's greatest companies are run by short sighted baffoons lacking the technical ability nor innovative history to see that the only thing that keeps their company viable is their trade secrets; they follow the Wallstreet mantra that losing the ability to produce for yourself means less risks. There are a few companies like Intel that have worked to hold back their most sophisticated production but then there are others like GE that likely will be out of business within the next decade (unless given a major bailout). The way I see it, only two things can put an end to this: a reciprocal trade policy or financial crisis in China.
Business interests are holding up reciprocal trade policy for now; but it's looking increasingly likely China's bubble will pop and business will be scared away not by things they don't understand like the value in intellectual property but things they do understand like exposure to toxic assets.
This is proof positive that the system is on life support in a lousy hospital.
How about you nominate me to go sign your mortgage and promissory note in your name. What would happen? It would harsh. The banks did the sam thing with MERS. In the NY Appellate decision I referenced (June 7), the justice writing for the majority said something like, 'We realize the implications of our decision'. He meant what I struggle to make clear in the article. None of these contracts involving MERS stand, not just the ones in bankruptcy court but all of them - FRAUD. The effort to cover this up is huge but they have to throw out contract law that is the basis for business. Allow lenders to commit fraud and what are the standards for other contracts? It's a whole lot different than Brando sending a Native American princess to pick up his Oscar. That was actually cool. The behavior of the banks with MERS is contempt of the court and the larger culture of people who try to live by the rules.
Most rapidly developing economies in the latter decades of the 20th and first decade of the 21st century with various combinations of public and private ownership use economic planning. How well economic planning works depends on institutions in each country and on international economic conditions not directly related to planning. Most of the rapidly developing countries of East Asia before the emergence of China provided government support and subsidies to manufacturing industries geared for export. China has learned from this experience, but unlike some of the other East Asian countries that relied on domestic capital, is now getting foreign multinationals to do the job. This is in essence the East Asian pattern of state supported manufacturing aimed at capturing markets in more developed economies with large consumer markets. Countries like the United States that simply open their markets for exports from countries with lower wages and various forms of state support for industry are bound to lose industries, technological capacity and jobs. Anyone who reads a few books about the development history of East Asian countries like Japan, South Korea, Taiwan and now the giant of all giants, China and then looks at the statistics on US trade deficits and the decline of the manufacturing sector in the US can see the relationship. The free traders can't seem to reconcile the facts of economic history with their doctrine. State support for manufacturing and exports equals planning and it has been more successful than the lack of planning. Outsourcing and off-shoring for the profit of multinational corporations and the Chinese state capitalist elite has been a kind of planning in reverse, planned de-industrialization.
MERS has not only misrepresented itself in millions of foreclosures, not thousands....it also defrauded every County Recorders in every State in the country and is the very reson all the States are broke!!!
MERS is paperless...it's a computer!! Thus, no filing of all the important land titles, assignments, transfers and sales and illegally moving millions of loans into their phony "pools" and selling this "pools" to foreign investors over and over and over!!
Go to your County Recorders and pull every documents that is there on your address....if, and it's not a big if, MERS is on your DEED OF TRUST, then your loan is part of their scheme!! Stop paying your mortgage and sue them in your Superior Court!! The Judges took many years to "get it" but too many people all claiming the same issues and has given them that light bulb moment. The courts are the only way to fight this mess...the Government will not stop them...they are part of it and have deceived we AMericans to believe in a big fat lie.
If we don't fight this, we will become a homeless country living in tents and eating scraps from wherever we can get food...
Wake Up!! We are being deceived!!
Want more?
elyse@gte.net
Huffington Post cites Fox Business News that "Goldman Sachs, the country's fifth-largest bank by assets, plans to hire 1,000 people in Singapore while laying off a significant number of workers at home."
HuffintonPost.com (27 June 2011)
Very good point that Foreclosuregate now has even less chance at justice through class action from the part of the Walmart 5-4 ruling where Scalia wrote the opinion. See Supreme Court Lands Blow to Women where I pulled out that very section you are referring to and how it damages any chance of justice, especially when there is a systemic pattern of whatever a class action suit is about.
While MERS is systemic, uniform and a pattern, it wouldn't surprise me to see this interpreted as somehow there is too much variance in something to be classified as a class action, simply because the court ignored the statistical findings of Walmart can seemingly hunted for variance to claim the case could not be.
the inane rhetoric such as "that's socialism" is absurd. Obamacare is corporatism if one wants to label his policies.
The airwaves fill with fiction. The U.S. policies benefit competitors and multinationals, esp. the so called U.S. multinationals in their moving of profits and labor arbitrage around the globe.
But clearly it will come back to bite them. They are not indigenous China corporations...yet.
According to Kerri Shannon, Associate Editor, Money Morning, "You Need to Invest in the Yuan"!
Money Morning Chief Investment Strategist Keith Fitz-Gerald:
"I frequently refer to China's yuan as the only currency on the planet with adult supervision."
http://moneymorning.com/2011/06/27/invest-in-the-yuan/
The Money Party keeps their assets elsewhere than in US dollar-denominated anything.
Their strategy now is to keep pulling money out of the U.S., intentionally participating in undermining of the U.S. dollar and the U.S. economy. The plan is to buy it all back later for pennies on the dollar, investing only "when blood runs in the streets."
Meanwhile they are trusting in the ignorance of the American people, the cupidity of the RNC, and, the stability of the PRC!
Alan Fogelquist: your link hasn't worked for me.
"China is turning out engineers in droves and planning the systematic improvement of their nation and its place in the world." -- Michael Collins
Since the 1980s. the People's Bank of China (PBC) has been the central bank of China, separated from commercial banking functions, which are handled by other institutions. The PBC is publicly owned, with its administrators directly responsible to the major political institutions of the People's Republic of China (PRC). In particular, the governor of the PBC is appointed into or removed from office by the President of the PRC.
The PBC is expected to, and does participate in, formulation and implementation of monetary policy for safeguarding overall financial stability and regulation of financial services. Assets of the PBC are greater than any other single public finance institution in world history.
What is important here is that the PBC has followed, and continues to follow, a straight-forward monetarist policy, with gradual expansion of money supply as the economy expands. The PRC has also experienced recent massive investment in physical infrastructure, and it appears that the PBC has handled the monetary consequences gracefully, making the China yuan a safe haven -- even (or particularly?) for supporters of Republican obstructionism to budget-related realism respecting the elimination of tax loopholes.
There is no doubt that a sane and steady monetarist policy is the best monetary policy, pragmatically applied. China is one of several examples that monetarism works for autocratically governed nations, even when there is considerable corruption of political processes. The question is whether the U.S. or other debtor nations under the sway of anti-nationalist international banksters, who are pursuing various global objectives, can manage a sane and steady monetarist policy in the context of a democratic constitutional republic, with at least a modicum of anti-corruption and anti-trust policy.
The principal originator of modern monetarist theory, Henry C. Simons, reasoned that the success of democracy is tied to the avoidance of concentrations of power, and, Simons held that in order to accomplish that precondition for democracy, government must embrace the necessity of a single publicly owned central bank, operating under law to effect a sane and steady monetarist policy.
We're in serious trouble when the 800 pound gorilla doesn't get a nod from the wise ones in DC. Thanks for reposting!
We have great universities and fine professional scientists and what do the "rulers" do? They squander that exceptional resource. Shameless behavior on the part of those who know better.
Your point is axiomatic and explains why nothing gets done. We don't have total censorship, not by a long shot. But those who write the ongoing narrative don't let the facts intrude, even when they expose them.
Homeless nation. Maybe they'll revert to having "company towns" or tent cities with the right to squat offered in return for our labor. It's absurd. By destroying the system, The Money Party destroys the value of its assets. Now that's crazy.
Do the Greek people get to vote on the deal? Those in Iceland did and they said no way.
The most troubling and dangerous financial arrangements ruining the world are predicated on fraud. You're not bound to pay such a debt.
These banks need to be removed from the system as do the pathetic excuses for leaders in the US, Europe, and elsewhere. While we fiddle around and punish ourselves by indulging this, China is turning out engineers in droves and planning the systematic improvement of their nation and its place in the world. In addition the pain inflicted, these banks and their allies are creating huge opportunity costs.
Very well said.
Truly, the banks are not only running the globe now we have to pay for the excesses to the point of serfdom.
Well said!
My 48 hours program for Greece: default on the debt, leave the euro, build a single public bank, provide a jobs guarantee for all workers, nationalise all the zombie banks and warm over your middle finger for a lot of gesturing.
Go to your tax record and click on the book/page. In Palm Beach County, you will then click on image. It will bring up a .pdf of the mortgage. It will say MERS at the bottom of the FIRST Page.
Zhuubaajie is either a Chinese nationalist troll or member of the famed 50-cent party. His antics on the Huffington Post business section earned him an entire article dedicated to China's paid internet "contributors". I've got into countless arguments with the guy who has an severe intolerance to the slightest bit of criticism toward China; his common approach is to try to twist it into criticism toward America.
Anyway, I completely agree with your article. America's trade arrangement with China is utter stupidity. It's not a secret plan or conspiracy it's out in the open for all to see. If China designates a company of strategic interests it forces producers to move manufacturing there, form joint ventures, and pass over trade secrets. Chinese state run companies actively harass foreign companies to shut down and move to China using their connection to China's state run banks to effectively bribe our companies with subsidies. On top of that you'll see a noticeable increase in hacking attacks directed at intellectual property rich industries in technology rich fields and Chinese students gaining graduate student visas.
Unfortunately some of America's greatest companies are run by short sighted baffoons lacking the technical ability nor innovative history to see that the only thing that keeps their company viable is their trade secrets; they follow the Wallstreet mantra that losing the ability to produce for yourself means less risks. There are a few companies like Intel that have worked to hold back their most sophisticated production but then there are others like GE that likely will be out of business within the next decade (unless given a major bailout). The way I see it, only two things can put an end to this: a reciprocal trade policy or financial crisis in China.
Business interests are holding up reciprocal trade policy for now; but it's looking increasingly likely China's bubble will pop and business will be scared away not by things they don't understand like the value in intellectual property but things they do understand like exposure to toxic assets.
This is proof positive that the system is on life support in a lousy hospital.
How about you nominate me to go sign your mortgage and promissory note in your name. What would happen? It would harsh. The banks did the sam thing with MERS. In the NY Appellate decision I referenced (June 7), the justice writing for the majority said something like, 'We realize the implications of our decision'. He meant what I struggle to make clear in the article. None of these contracts involving MERS stand, not just the ones in bankruptcy court but all of them - FRAUD. The effort to cover this up is huge but they have to throw out contract law that is the basis for business. Allow lenders to commit fraud and what are the standards for other contracts? It's a whole lot different than Brando sending a Native American princess to pick up his Oscar. That was actually cool. The behavior of the banks with MERS is contempt of the court and the larger culture of people who try to live by the rules.
Most rapidly developing economies in the latter decades of the 20th and first decade of the 21st century with various combinations of public and private ownership use economic planning. How well economic planning works depends on institutions in each country and on international economic conditions not directly related to planning. Most of the rapidly developing countries of East Asia before the emergence of China provided government support and subsidies to manufacturing industries geared for export. China has learned from this experience, but unlike some of the other East Asian countries that relied on domestic capital, is now getting foreign multinationals to do the job. This is in essence the East Asian pattern of state supported manufacturing aimed at capturing markets in more developed economies with large consumer markets. Countries like the United States that simply open their markets for exports from countries with lower wages and various forms of state support for industry are bound to lose industries, technological capacity and jobs. Anyone who reads a few books about the development history of East Asian countries like Japan, South Korea, Taiwan and now the giant of all giants, China and then looks at the statistics on US trade deficits and the decline of the manufacturing sector in the US can see the relationship. The free traders can't seem to reconcile the facts of economic history with their doctrine. State support for manufacturing and exports equals planning and it has been more successful than the lack of planning. Outsourcing and off-shoring for the profit of multinational corporations and the Chinese state capitalist elite has been a kind of planning in reverse, planned de-industrialization.
Listen up people....
MERS has not only misrepresented itself in millions of foreclosures, not thousands....it also defrauded every County Recorders in every State in the country and is the very reson all the States are broke!!!
MERS is paperless...it's a computer!! Thus, no filing of all the important land titles, assignments, transfers and sales and illegally moving millions of loans into their phony "pools" and selling this "pools" to foreign investors over and over and over!!
Go to your County Recorders and pull every documents that is there on your address....if, and it's not a big if, MERS is on your DEED OF TRUST, then your loan is part of their scheme!! Stop paying your mortgage and sue them in your Superior Court!! The Judges took many years to "get it" but too many people all claiming the same issues and has given them that light bulb moment. The courts are the only way to fight this mess...the Government will not stop them...they are part of it and have deceived we AMericans to believe in a big fat lie.
If we don't fight this, we will become a homeless country living in tents and eating scraps from wherever we can get food...
Wake Up!! We are being deceived!!
Want more?
elyse@gte.net
Citigroup signed a $2.1 billion dollar contract, so did Chase. This is what they do, displace Americans are seemingly their top agenda!
Well, rack up another reason to hate Goldman Sachs, as if they are not enough already.
Huffington Post cites Fox Business News that "Goldman Sachs, the country's fifth-largest bank by assets, plans to hire 1,000 people in Singapore while laying off a significant number of workers at home."
HuffintonPost.com (27 June 2011)
Very good point that Foreclosuregate now has even less chance at justice through class action from the part of the Walmart 5-4 ruling where Scalia wrote the opinion. See Supreme Court Lands Blow to Women where I pulled out that very section you are referring to and how it damages any chance of justice, especially when there is a systemic pattern of whatever a class action suit is about.
While MERS is systemic, uniform and a pattern, it wouldn't surprise me to see this interpreted as somehow there is too much variance in something to be classified as a class action, simply because the court ignored the statistical findings of Walmart can seemingly hunted for variance to claim the case could not be.
Would MERS be the same?
This is America?
the inane rhetoric such as "that's socialism" is absurd. Obamacare is corporatism if one wants to label his policies.
The airwaves fill with fiction. The U.S. policies benefit competitors and multinationals, esp. the so called U.S. multinationals in their moving of profits and labor arbitrage around the globe.
But clearly it will come back to bite them. They are not indigenous China corporations...yet.
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