Chinese government says US causing inflation by printing too much money....

[ARCHIVED THREAD] - Chinese government says US causing inflation by printing too much money....

Posted: 10/27/2010 10:58:08 AM EDT

http://finance.yahoo.com/news/China-official-dollar-apf-1263355013.html?x=0

Well, I guess it isn't just a bunch of gun toting survivalist nutjobs that think our governments runaway printing presses are affecting the global economy. But, I'm sure someone will be along shortly to tell us how there is no inflation and how we're going to pay off all our debts easily with our bullshit service based economy.

Posted: 10/27/2010 11:01:58 AM EDT

[#1]

I was just gonna add fuck China, actually

Posted: 10/27/2010 11:02:56 AM EDT

[#2]

Haha! The Chinese broke the code. We've been telling each other that for a long time.

Posted: 10/27/2010 11:04:28 AM EDT

[#3]

They are interfering in the normal evolution of our trading relationship and markets. As a result they will wind up with a pile of depreciating dollars.

Posted: 10/27/2010 11:06:02 AM EDT

[#4]

I've always wondered. where does that money paper come from?

Posted: 10/27/2010 11:06:43 AM EDT

[#5]

well DUH

Posted: 10/27/2010 11:06:51 AM EDT

[#6]

"Quantitative easing" is a scheme to devalue currency held by foreigners.

Posted: 10/27/2010 11:17:18 AM EDT

[#7]

Weimar Republic 1923

soon it will be America as well

Posted: 10/27/2010 11:19:48 AM EDT

[#8]

Quoted:
I've always wondered. where does that money paper come from?

It never was "paper".

Congress needs money, asks treasury. Treasury emits bonds, people, bank, foreign countries and the Federal Reserve buy bonds. The Federal Reserve's money is never printed it's just a number they can make up at will because government has little or no control over the Fed and the money supply.

http://en.wikipedia.org/wiki/Federal_reserve

Posted: 10/27/2010 11:21:27 AM EDT

[#9]

it ain't the Chinese communists causing the problems.

Posted: 10/27/2010 11:21:33 AM EDT

[#10]

1. No kidding? Printing too much? Duh!

2. The Chinese have absolutely NO right to complain as they've been manipulating their currency forever.

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[ARCHIVED THREAD] - Chinese government says US causing inflation by printing too much money....

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