Yewheng Twincharged July 31, 2011 Share July 31, 2011 (edited) they have reached an agreement to increase rhe debt limit but curb future spendings USD is likely to drop, Interest rate will not go up (sh!T), I dont think there will be any significant impact if you live in Singapore Well still not enough.. The cut in spending is very little as compared to what US government spend in past few years. So by comparing that, the cut will need to be a lot more. And by right if cutting spending a lot more. Debt ceiling will not need to raise, as US can rise income tax, and interest rate and collect more $. To raise debt ceiling is = to more debt.. and currency crisis in US going to come very soon. Edited July 31, 2011 by Yewheng ↡ Advertisement Link to post Share on other sites More sharing options...
Without_a_car Clutched July 31, 2011 Share July 31, 2011 (edited) US holds 9000 ton of gold, which they never use a single ounce to repay their debt. They just print more fiat paper to pay everyone. I am beginning to suspect the Lehman collapse meltdown was engineered to play "paper money inflation" game. Edited July 31, 2011 by Without_a_car Link to post Share on other sites More sharing options...
Yewheng Twincharged July 31, 2011 Share July 31, 2011 US holds 9000 ton of gold, which they never use a single ounce to repay their debt. They just print more fiat paper to pay everyone. I am beginning to suspect the Lehman collapse meltdown was engineered to play "paper money inflation" game. Print $ = easy way out for US government. [:(] Link to post Share on other sites More sharing options...
Without_a_car Clutched July 31, 2011 Share July 31, 2011 Print $ = easy way out for US government. [:(] It's a more sinister form of financial warfare since every one holds USD as part of their country's reserves. Link to post Share on other sites More sharing options...
Yewheng Twincharged July 31, 2011 Share July 31, 2011 It's a more sinister form of financial warfare since every one holds USD as part of their country's reserves. Very soon when world realize that is not sustainable and now need to wait for China to do the right thing and the rest well follow.. and rest assured, that will cause collapse of USD. Link to post Share on other sites More sharing options...
Without_a_car Clutched July 31, 2011 Share July 31, 2011 (edited) Very soon when world realize that is not sustainable and now need to wait for China to do the right thing and the rest well follow.. and rest assured, that will cause collapse of USD. Simple question, would you accept RMB as a reserve currency? Currently only Iran doesn't keep USD as reserves, all the country's reserves in either Euro or Yen. Edited July 31, 2011 by Without_a_car Link to post Share on other sites More sharing options...
Yewheng Twincharged July 31, 2011 Share July 31, 2011 (edited) Simple question, would you accept RMB as a reserve currency? Currently only Iran doesn't keep USD as reserves, all the country's in either Euro or Yen. Well.. very soon other currencies will take over USD.. [laugh] USD is going to be toilet paper soon.. Edited July 31, 2011 by Yewheng Link to post Share on other sites More sharing options...
Without_a_car Clutched July 31, 2011 Share July 31, 2011 Well.. very soon RMB will take over USD.. [laugh] USD is going to be toilet paper soon.. Like I said, US holds 9000 ton of gold. PRC holds 1000 ton of gold. Say the US bankers allow the dollar to collapse (forced everyone to write off their debt), China's 3.2 trillion will go up in smoke. China's only practical retaliation, is to nationalise all US MNCs on Chinese soil. Link to post Share on other sites More sharing options...
5936 1st Gear July 31, 2011 Share July 31, 2011 US dollars so low already hurt profit margin for companies trading in US$ but expense mainly in SGD. Link to post Share on other sites More sharing options...
Meanmachine Supercharged July 31, 2011 Share July 31, 2011 time to buy properties????? buy only during inflation,as we speak many ' speculators ' are waiting on sidelines oredi . . . oso known as sharks ready for d kills ( property owners who has many properties with o/s mortgage servicing loans ) Link to post Share on other sites More sharing options...
Fri13th 1st Gear July 31, 2011 Share July 31, 2011 they have reached an agreement to increase rhe debt limit but curb future spendings USD is likely to drop, Interest rate will not go up (sh!T), I dont think there will be any significant impact if you live in Singapore Bro where u find out about the agreement? Got any link? Link to post Share on other sites More sharing options...
Yewheng Twincharged July 31, 2011 Share July 31, 2011 buy only during inflation,as we speak many ' speculators ' are waiting on sidelines oredi . . . oso known as sharks ready for d kills ( property owners who has many properties with o/s mortgage servicing loans ) Kinda stupid to buy property during inflation.. 1st property is already overprice.. and by buying over price property during inflation, one gain nothing.. and worst is when property bubble burst.. jia lat.. best way to curb inflation is to invest in gold or sliver. Link to post Share on other sites More sharing options...
Without_a_car Clutched July 31, 2011 Share July 31, 2011 Kinda stupid to buy property during inflation.. 1st property is already overprice.. and by buying over price property during inflation, one gain nothing.. and worst is when property bubble burst.. jia lat.. best way to curb inflation is to invest in gold or sliver. if you make a lot of USD and want to hedge against inflation (wealth protection), buying gold and silver is logical but if you want to make money, more logical to use USD as a carry trade currency Link to post Share on other sites More sharing options...
Meanmachine Supercharged July 31, 2011 Share July 31, 2011 Kinda stupid to buy property during inflation.. 1st property is already overprice.. and by buying over price property during inflation, one gain nothing.. and worst is when property bubble burst.. jia lat.. best way to curb inflation is to invest in gold or sliver. U dun get it, buy pty when that guy bought at low px, so he makes some $$, and not from those guys who bought on high, get it !!! I agree to disagree on silver and gold, bt never count them out, quite happening outside now . . . Link to post Share on other sites More sharing options...
Without_a_car Clutched July 31, 2011 Share July 31, 2011 US is just trying to create global financial panic to hold the world ransom. They can print/inject a trillion dollars during Quantitative Easing to bailout bankers, they can't raise their debt ceiling? Link to post Share on other sites More sharing options...
Maldini03 1st Gear July 31, 2011 Share July 31, 2011 Of coz. It collapses, then u got no one to pay to! U got a free home!! actually not... someone will take charge of the bank assets inclusive of yr loan and sell the loan to another bank at a lose to recoup the $$. the $$ will then be repay to the debtor. Link to post Share on other sites More sharing options...
GoodCar 4th Gear July 31, 2011 Share July 31, 2011 They got ten aircraft carrier as backing leh, in god we trust. Link to post Share on other sites More sharing options...
Without_a_car Clutched July 31, 2011 Share July 31, 2011 They got ten aircraft carrier as backing leh, in god we trust. that my friend, is the hidden fist of Adam Smith's free market ↡ Advertisement Link to post Share on other sites More sharing options...
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