China & U.S. Play Chicken: Currency Manipulation
China is manipulating its currency, proclaims incoming Treasury Secretary Geithner. Talking about manipulation is helpful only if ones intent is to impress a local and insult a foreign audience. More productive may be plain talk – the U.S. and China could issue a joint statement along the lines of: China and the U.S. agree that both will act in their respective self-interest in setting exchange rate policy.
Duration : 0:4:30
Tags: Axel Merk, bernanke, currency exchange rate, currency exchange rates, Currency Manipulation, currency trading, debt monetization, EXCHANGE RATE, exchange rates, falling dollar, Forex trading, Geithner, interest rate, interest rates, Merk Asian Currency Fund, Merk Hard Currency Fund, Merk Insights, Merk Investments, Merk Mutual Funds, Merk Perspective, printing money, renminbi appreciation, renminbi revaluation, yuan appreciation, yuan revaluation
August 10th, 2010 at 10:16 pm
Greed……..greed. …
Greed……..greed..greed. this sums very well for US
August 10th, 2010 at 10:16 pm
China’s currency is …
China’s currency is artificially propped up. Only a matter of time until it falls.
August 10th, 2010 at 10:16 pm
China currency will …
China currency will fall by corruption
August 10th, 2010 at 10:16 pm
China’s economy to …
China’s economy to save the world, now, the United States do not need it anymore
August 10th, 2010 at 10:16 pm
The United States …
The United States is the world’s largest currency manipulator. Non-interference in others is also its own tight control. The United States as a harmful non-self-interest
August 10th, 2010 at 10:16 pm
Open market …
Open market transactions, M1 & M2 increases, bond issuing, interest rate playing done by the federal reserve are all a form of currency manipulation (Supply side control over the US dollar). The pot is calling the kettle black?
August 10th, 2010 at 10:16 pm
All do that in …
All do that in every direction.
The Euro and the Sterling pound are ficticiously high currencies.
The US had manipulated its currency and the commodities market for ages.
Be honest, we had 15 countries with `hard currency` and the rest of the world
devalued working for pennies.
The problem is, there are new actors in the World scene, no one is vitallike 30 years ago, the US and Europe should start working on a more worldwide currency and start sweating again.
August 10th, 2010 at 10:16 pm
Every single one of …
Every single one of these failed/bailed out companies had outsourced to INDIAN companies a few years earlier. Indian conman Azim Premji and his company Wipro are grifters. AIG, Lehman, Merill, GM, Sun, PeopleSoft, ALL of them used Indian outsourcing companies. India’s workers are ranked 124th in world productivity while Americans are ranked FIRST! FOUR MILLION Indian workers have come into USA to take jobs since 1998. FOUR MILLION!
August 10th, 2010 at 10:16 pm
The Gold standard …
The Gold standard had massive problems as well. You wackos don’t know what you’re talking about.
August 10th, 2010 at 10:16 pm
Oh ohhhh… China …
Oh ohhhh… China calls for end of the dollar as global reserve currency – in favour of IMF backed standard.
See:
pbc . gov . cn –
‘Reform the International Monetary System’ by Zhou Xiaochuan
August 10th, 2010 at 10:16 pm
The FED needs to …
The FED needs to stop printing the dollars like there’s no tomorrow. This is causing inflation. Now they want other countries to inflate their currency to meet their out of control printing of the dollars? The dollar is not even backed by gold anymore. This is so irresponsible.
August 10th, 2010 at 10:16 pm
The Federal Reserve …
The Federal Reserve Bank is privately owned
The FED owes its duty to private shareholders!
America can no longer create money debt & interest free!
It’s a criminal organization that caused 3 depressions in the 30′s (google their retraction of money and the correlating collapse of biz & unemployment)
Then, the FEDs same shareholders bought up property and companies at pennies on a dollar!
The FED wants the USA to collapse! The FED is NOT part of the US Government!
August 10th, 2010 at 10:16 pm
Fed debt per person …
Fed debt per person: $58K
Un-funded Medicare/Medicaid per person: $332K
Fed’s plundered trusts per person: $30K
Un-funded SS: $166K
Every American owes: $586K for FED debt
Gov grows 4 Xs faster than economy
Fed spending grows 16 times faster than economy, (16 fold expansion in control & gov dependence)
The US gov now holds 57% share of entire National Income = Government makes more than all the money made in private sector!
How long does the USA honestly think it will last?
August 10th, 2010 at 10:16 pm
Every 15 months, …
Every 15 months, the USA owes another trillion dollars against Gov expenses!
Prop up the bad guys with money!
Reward the mistakes!
Weve increased the Money Supply 70% since October!!!!!
Can you imagine?!
Bernanke refused to show up the other day before congress
Altogether, the worlds markets over the past four weeks saw $11 trillion worth of assets wiped out. This sum corresponds to virtually the entire annual gross national product of the US, or the European Union.
August 10th, 2010 at 10:16 pm
Stop your media …
Stop your media Liar! Don’t blame China for US faillure? Yeah find an excuse to not pay your debts! China worked very hard for todays success while you american’s drink alcohol, sexual promoting and Gay generation conflit! The world start noticing your evil side and media to brainwash but …We know everything about US Liar excuses to war other contry ..remember the Viet nam war, Murderers 9/11, Iraq invasion, Drugs and killing and oil and control US wont success for long! COmplain!?
August 10th, 2010 at 10:16 pm
Methinks Axel needs …
Methinks Axel needs a better, or closer, microphone. Still, it’s nice to have the “Insights” in video as well as by text.