Forex Trading 101

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

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Thurs. Jun. 4 2009 | 1:03 PM ET
Discussing whether the market will continue to rally and if there is a currency crisis ahead, with Jim Rogers, Rogers Holding chairman

I was surprised they would allow this on the state sponsored media.

Cnbc after all is NO friend of the “people”.

Hyper inflation is imminent, likely to commence in October but can be averted with manipulation.
No way around it though, what is coming will not be pretty.

Duration : 0:7:26

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