De-Dollarisation.

[msmoby]

You blatantly lied about your Russian speaking abilities after I called you out on it.

You have some sort of imagination - you ducked my terms for the bet ... I wonder why ? 

You couldn't even understand what I wrote you in Russian here.

  Once again, you are 'mistaken' ...  that you still choose to  doubt how SC and I manged all these years - how I tracked her down and we started off - when her English was zip - is amusing ...  You constantly overlook that I've lived / worked with RU speakers for nearly two decades  ...

Try and get 1 forum member here to publicly say that you are their friend and that you helped them out.  Bet you can't.

 I could get Don from Canada or Maxx - for example ( is  he still banned ? )   But what would that prove - other than you are a constant source of entertainment

I had several members on the other forum who I personally gave advice to about Moscow and beyond, and even some Russian women who backed me up via PM when dealing with Boethius.

For once I do not doubt you - but I note they used PM - rather than publicly 'supporting' you ....   Boethius ( Halo) on here did not ban you there ...  nor did I seek your banning ..  Om most forums following a poster around - checking out his friends and relatives and even exs and promising all sorts of harm tends to get one sin-binned

Well done on trying to help folk - rather than posting utter tripe about places you've not BEEN to and getting bent out of shape when picked up on same

You still arguing with John Gaunt, BillyB, DaveNY, Trenchcoat, JayH...did I miss anyone?

I think you forgot our Beel, FT, - ML on the use of knowing ( some) the RU language when dating FSU W and I'm sure a few more you forgot ... 

Some of those posters have  different names on here and it is hard to argue with any poster who prefers to dwell on interesting interpretations of  of my life experiences -  'lies' [  ] - esp from 30 years ago and demanding photo evidence to prove  MY experiences

What is it with some folks that they get SO upset about being incorrect that they might feel the need to repeat the bollox of others or even 'threaten'   
- not that that seems to be a successful 'silencing' technique ....

Moby, do some critical self-examination and learn how to make friends in real life.  It's a pretty useful skill to have.

I'm quite happy with the circle of friends I've got, thanks .... You might like to get your 'anger management issues seen to - you don't seem to take being busted too well



What has any of your infatuation  got to do with 'de-dollarisation' ?

[Markje]

Try and get 1 forum member here to publicly say that you are their friend and that you helped them out.  Bet you can't.

I think he can.

At least moby isnt trying to insult people. I find those posts worthy of deletion usually

[Guile]

So are you his friend Markje? 

[Markje]

So are you his friend Markje?

Acquaintence more likely. I do not meet him irl as much to call him friend. I used to run tech projects for him from my own biz

[Chris]

Guile, I'm watching, keep on topic and off Moby, or else! last warning 

[cufflinks]

Back on Topic of the War between the US Treasury and China-Russia Gold ReminRubles and IMF CryptoSDRs...

Who will be the ultimate world reserve currency and the many machinations behind the scenes...

The interesting concept is the "New Scheiss Dollar"...

goldenjackass.com - pretty crappy website and a paywall for the premium newsletter... but an Iconoclast's focus is not on a slick website...

Plus Trump knows that to be reelected in 2020 he needs to show progress on rebuilding the USAs infrastructure and the Anti Terror Wall and gator-croc moat complete at least 25% to 35% but to finish it we need to reelect him or the Democrat Socialist Peoples Party will tear it down to flood the USA with Narco Terror and Terrorists.

Jim Willie Truth Bombs:

Jim Willie is the most iconoclastic global economist online and brutally candid about the USA and global economic hegemony as taught to the USA by the UK and their British Economic Empire (So the USA would acquiesce to rebuild the UK and Europa in the 50s till now to BP, BAE, Lloyds and the City of London and the Crown's Global Rothschilds Banksters eternal profit).

Dollar will be devalued and a flood of foreign investment will flood in to the Trump Deregulated and now low tax USA with a lot of new Jobs and Zero fringe benefits and Curry Breath and or Goose Stepping Fascisti Managers in Charge and Living Large as the USA becomes the new unlimited productive land and unlimited Low Cost diversified Energy and Physical and Administrative Overhead automated Robotic manufacturing supplier.

USA will have to increase all 50 states Free Trade Zones and increase Manufacturing Exports...

Trump is trying to relieve the $1Trillion-USD Trade Deficit by wiping out the Current Account Deficit...

Mixed News for all the Pro-China Yank Haters on RUA - China FXI ETF and SPY ETF Options Way Down and I just put in an Order in for some for the Post Trumpian Red Wave Mid Terms Victory Rally:

That is only 12 Cents (Times 100 Underlying SPY Shares) for $12.00 USD Per Nov 16 Call
That is only 10 Cents (Times 100 Underlying FXI Shares) for $10.00 USD Per Feb 15 Call

10/25/18   475   Option
Buy Open
2
SPY Nov 16 '18 $290 Call Limit   Day   0.12   0.12

10/25/18   474   Option
Buy Open
10
FXI Feb 15 '19 $48 Call Limit GT50 0.10

Will know the SPY Fate on Nov 6 and post elections week.

Will know the fate of the China Reciprocal Fair Trade NO IP Theft Deal by the New Year as Chinese have a tradition of beginning the New Year with NO Debt and NO Nuked Markets on the Chinese New Year...
   

[Guile]

Guile, I'm watching, keep on topic and off Moby, or else! last warning 

Chris I'm trying my best man!!!

[Chris]

Guile, I'm watching, keep on topic and off Moby, or else! last warning 

Chris I'm trying my best man!!!

Well please try a bit harder, there's a good man!

[Dogsoldier]

Guile, I'm watching, keep on topic and off Moby, or else! last warning 

Chris I'm trying my best man!!!

Well please try a bit harder, there's a good man!

Ah, a bit of MobyBashing. Keeps us in good humour. ?

[cufflinks]

Ten (10) more FXI Calls executed at $0.12 Cents...

Last Price   Today's Change   Bid (Size)   Ask (Size)   Day's Range   Volume   Trade   
0.14   -0.02 (-12.50%)   0.10  x183   0.14  x331   0.12 - 0.14   42

However...  Maybe time to short Goog/Alphabet and Face-Instagram-space before the AntiTrust Breakup...

From behind the Strategic Intelligence Report paywall... so if you want a link you will have to pay them or just trust me that I did not modify it to Hypnotize Wiz and Moby into a kumbayah love fest.

Google Helps China to Fill Its Concentration Camps:

Prior to and during the Holocaust, Jews in Nazi Germany were required to wear yellow six-pointed star badges on the outside of their clothes. Other targeted groups including gays, Catholics and Romani also had to wear unique insignia. This proved helpful to the Nazis when the time came to round up the targets and send them to death camps (euphemistically called “concentration camps”). Now Google is working on a similar project for the Communist Chinese.

As described in this article, Google is building a search app for China (called “Project Dragonfly”) that will flag queries using words or phrases such as “human rights.” Once users are flagged for such searches, they will be put under state surveillance and tracked with facial recognition software. Eventually, the targets could end up in modern-day Chinese concentration camps for brainwashing and so-called “reeducation.” In this article, Google’s CEO attempts to rationalize such reprehensible behavior. This is one more reason to steer clear of certain highflying tech stocks. It’s possible to make money in Google. But would your conscience be clear knowing you’re helping Communists round up victims for concentration camps?

[msmoby]

[
Ah, a bit of MobyBashing. Keeps us in good humour. ?

  

I'm not feeling at all 'bashed' - more entertained 

[Contrarian]

This looks to be interesting...

https://mises.org/wire/will-dollar-survive-rise-yuan-and-end-petrodollar

[andrewfi]

That's an interesting article from almost a year ago. Time gives useful context in a year when the US of the dollar in international trade has fallen to 62%, a figure that is lower than it has been for many years and where we are seeing a relative growth in non-dollar denominated debt holdings.

The comments are interesting as the people disagreeing with each other, when examined Objectively, are pretty much in agreement with each other.

WRT those comments, some defenders of the dollar are suggesting that a fall in the relative value of the dollar is good for US exports whilst assuming that those exports can be created out of nothing and at no cost in investment terms. Of course, that's ridiculous because it isn't possible. China took more than a generation to achieve its position and did so from a position that can not be matched by the United States. Trump's strategy makes the same assumption, that markets react without delay and at, effectively, zero cost. That's why his strategy of trying to force structural change in the US by raising the costs of imports will fail - the United States is incapable of replacing those imports, in the short/medium term, at any price. Doing so in the longer term implies the impoverishment of the United States populace to a point where they become cost effective to other manufacturing economies. Worth bearing in mind that setting aside logistical (supply chain) matters, China is no longer the lowest cost producer that it used to be.

It should also be remembered that it does not serve the other major economies of the world to impose a sudden change upon the United States - unless the USA starts to act in a manner that is impossible to bear, in which case matters will quickly come to a head and the USA will be denied the resources to carry out its enforcement actions.

[Texan77]

There is no shortage of capital in the USA. There is only a shortage of investment that will make money. Our cost to produce thing is just too high. Most of our major companies to not know what to do with there money so they have stock buy backs. 

[Contrarian]

This also looks interesting. Andrew?

https://www.newsbud.com/2018/10/24/risks-to-petrodollar-growing-circumventing-iran-sanctions-the-khashoggi-false-flag-hit/

[andrewfi]

Texan77, what you are seeing is resource misallocation due to the non-market pricing of risk. That's a side effect of too easy borrowing at rates that don't accurately reflect risk.

When all rates are low then it is not possible to price risk. Businesses see that they get better returns by borrowing to buy stock than investing in new production.

The problem is that the United States economy can not sustain market priced interest rates. This is a vicious cycle.

The Trump administration is trying to break the cycle by increasing the cost of imports by making US businesses and consumers pay a tax on imports. Problem is that, as I already wrote, there's a considerable lag between the pricing out of imports and the possibility of replacing them. This is made worse by the likelihood that it is no longer possible for US businesses to replace many of those goods. That makes the worst of all worlds as demand for imports is reduced without an increase in the supply of those goods at any price within the US market.

All that is going to happen is that China will continue to develop their internal market and will increase export development to non-US markets. Of course this will cause some disruption in the Chinese economy but it is very, very, unlikely to cause their economy to cease growing.

There's probably no solution for the United States that does not either include war or a continued lowering of living standards, at least in relative terms for the people of the United States - or possibly both.

[AvHdB]

Tex there are two other factors in play:

The value of the US $ has changed against other currencies, to a large degree this negates the tariffs that the Trump administration enacted against countries such as China.

Because of changes in corporate governance and the aggressive nature of some hedge funds/investors it is safer to a do a stock buy back and lessen outside influences. The corporations are not using there spare capital to grow there companies but rather to insulate themselves from irate/aggressive stock holders.

In the end both of these trends are not good for the US economy.

[Texan77]

It appears that there is a belief that the tariffs will not last long and the China will be bringing in low price products again in the near future. There is a current bounce in the stock market, The reason for this according to Chinese financial channel I look at say it is because Xin and Trump will meet at the G20 meeting and there is hope that the trade war will be solved. Also there is a the fact the trade war is not costing China much in lost of sales. When I talk to people here, there seemed to be little interest in building new plants or even changing suppliers as they see the tariff thing as something that will go way before the 2020 electrons and maybe in a few weeks. 

A lot of people are sitting on cash. That includes me. Lack of investments that pay well. Many of our corporations have more cash than they do not know what to do with. Most of the time when I look at foreign countries the return rate is even worse than here. The really low interest rate have caused people to except rate of business return they would not of done before. The low borrow cost have meant the people could invest and borrow the money in a low return business and still make a profit. From what I can see this is likely a bubble that will blow up sometime soon and these low return business will not make it.

The US economy is trying to turn down at the present time. This is part of why people think that Trump may want to goose it again by ending the tariffs with China real soon. Trump announce that he wants to give another tax cut to the middle class maybe be another way he can goose it again. Now he is not talking about it any more. That maybe a future sign what he is thinking when the economy get in trouble again. I am thinking he is wanting to hold the economy up until the elections in November 2020. I think that is going to be tuff.

The federal reserve is raising rates and reducing the money supply. Two more years of this is going to make hard to keep the USA economy expanding.

Understand some other things about China. China has the highest zombie loans and loans in default of any of the major industrial country. Over forty percent of China's GDP is construction and construction related businesses. In 2008 they had to borrow heavy to keep constructing or implode. It will be interesting to see what happens during the next great crash.

It appears that Venezuela is going to be using dollars whether the government likes it or not. They stop selling oil in dollars and now sell if in euros. But it appears the rest of the country is still running on dollars as local currency is pretty much worthless. 
http://www.msn.com/en-us/money/news/shopping-at-well-stocked-venezuelan-stores-better-take-dollars/vi-BBPgqDJ?ocid=U218DHP

In Honduras most larger stores, gas stations and new constructed convenience stores will take dollars and/or the local currency as if there is no difference.  Any of the hotels, resorts, restaurants, taxi cabs are the same way. 

[Texan77]

Few people here want to admit that there are a few problems in China. This is an article about one of those problems. 

Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said.

The nightmare scenario for policy makers is that owners of unoccupied dwellings rush to sell if cracks start appearing in the property market, causing prices to spiral. “There’s no other single country with such a high vacancy rate,” said Gan, of Chengdu’s Southwestern University of Finance and Economics. “Should any crack emerge in the property market, the homes to be offloaded will hit China like a flood.”

http://www.msn.com/en-us/money/realestate/a-fifth-of-chinas-housing-is-empty-thats-50-million-homes/ar-BBPuMlV?li=BBnb7Kz&ocid=U218DHP

[Wiz]

Few people here want to admit that there are a few problems in China. This is an article about one of those problems. 

Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said.

The nightmare scenario for policy makers is that owners of unoccupied dwellings rush to sell if cracks start appearing in the property market, causing prices to spiral. “There’s no other single country with such a high vacancy rate,” said Gan, of Chengdu’s Southwestern University of Finance and Economics. “Should any crack emerge in the property market, the homes to be offloaded will hit China like a flood.”

http://www.msn.com/en-us/money/realestate/a-fifth-of-chinas-housing-is-empty-thats-50-million-homes/ar-BBPuMlV?li=BBnb7Kz&ocid=U218DHP

So how this China problem is going to affect the USA economy and its people?

Are you planning to invest in China?

Just for your info I read in a Greek Paper that Many Chinese people buy flats and apartments in Greece and get permanent residency too........

 

[Texan77]

Actually Chinese building will have an effect on just about everything. This is because they buy so much raw materials for its construction industry. Many countries depend on the construction industry in China.  The thinking here on RUA is the USA will collapse, Europe will stay just like it is and the China will takes our place. But few want to consider the problem China has and negative out look for Europe. 

What is actually happening behind the scenes is if you look at the countries GDP base in Purchase power in the country to determine its GDP, the method used to make China the world largest, shows UK as 9th and Mexico as a fast rising 11 in 2017. I bet Mexico come close to catching the UK in 2018 and passing them up in 2019. Soon the UK will be less important to the world economy than Mexico. Even using the real dollar method, Mexico will pass up the UK about 2025. Using PPP method Brazil and Indonesia have also passed up the UK.

India is the seventh largest economy based in dollars and will soon pass the UK and France but if you used the method of the purchase power in the country methode, India is now 4th having way passed Germany leaving all European countries in the dust. India will likely in the early 2020's catch Japan even using the real dollar amount GDP and be the new rising economic star. European countries are on there way to being unimportant in the world economy.  The future standerd of living in the European countries and the UK likely to decline in future.

Of nearly 200 countries the GDP of Ukraine is 61. A long way from a failed state. This is using the dollar method and it would be higher if you used the in country purchasing power method. 


 

[AvHdB]

Of nearly 200 countries the GDP of Ukraine is 61. A long way from a failed state. This is using the dollar method and it would be higher if you used the in country purchasing power method. 

Regarding what Wiz posts up thread a while back read an interesting article about Chinese buying real estate in Vancouver. The authorities are trying to stop the practice of payment in full in cold cash. If you ask me those buying into Greece are getting the better deal.

Regarding Ukraine the greater problem is the wealth of the country is in the hands of a few and the farmers. From the perspective of an average society the nation has failed them.

[Texan77]

The Ukraine is not perfect and it is not without its problems, but everything work like a normal country. The currency is stable. Most people are earning a living. There are not millions of Ukrainians leaving the country because they can not eat. I know life is hard there for many but not impossible like in a failed state.   

[Guile]

if you think Ukraine is bad check out Venezuela right now...

[AvHdB]

if you think Ukraine is bad check out Venezuela right now...

   Is that ever the truth, the sad thing there are some who blame the US for there self inflicted debacle.