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djsmnc
Joined: 20 Jan 2003
Location: Dave's ESL Cafe
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Tiger Beer
Joined: 07 Feb 2003
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 Posted: Wed Mar 31, 2004 5:05 am Post subject: |
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| Crois wrote: |
| Just look at the Chinese Human Rights. There arent any. |
That is something I've been meaning to look into for quite awhile. I think there are some directly related to the government. But, I do get sick of hearing that as an excuse to why the US should NOT like China.
| maxxx_power wrote: |
| Sojuman99 wrote: |
| Harpeau wrote: |
| Wow, that's very interesting. BTW, on a related note. Do you think it's a good idea to invest in Chinese Yuen? Some people have bought a crap load of it and are waiting until it goes on the market. They think it will go up and will make lots of $$. Any opinions on it? Risky? |
I'm pretty sure most people believe the Yuan is overvalued. It is pegged to the USD, currently about 8.2 Yuan to the $$. If the government (chinese) were to allow it to trade freely it would be worth about half as much. Maybe 15 to $1. Risky ? YES
This is how I understand it, somone may have more info though. |
The RMB is actually undervalued. Some believe it's actually 40% more valuable than the government mandated exchange rate. |
Yeah, thats a serious problem. The US wants to change that as it makes importing Chinese products a HUGE bargain and great for the Chinese economy.
On the plus side, our US $ is devaluating against the Euro.. and it seems there is a push NOT to do anything about that.. because it means someone is actually importing our products!! That being Europe. |
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Paji eh Wong
Joined: 03 Jun 2003
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| Posted: Wed Mar 31, 2004 5:27 am Post subject: |
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| maxxx_power wrote: |
| Sojuman99 wrote: |
| Harpeau wrote: |
Wow, that's very interesting. BTW, on a related note. Do you think it's a good idea to invest in Chinese Yuen? Some people have bought a crap load of it and are waiting until it goes on the market. They think it will go up and will make lots of $$. Any opinions on it? Risky?
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I'm pretty sure most people believe the Yuan is overvalued. It is pegged to the USD, currently about 8.2 Yuan to the $$. If the government (chinese) were to allow it to trade freely it would be worth about half as much. Maybe 15 to $1. Risky ? YES
This is how I understand it, somone may have more info though. |
The RMB is actually undervalued. Some believe it's actually 40% more valuable than the government mandated exchange rate. |
One more reason why I'd avoid it. All of that intervention is going to catch up with them (and us) at some point.
Then again, I don't know jack. |
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Sojuman99
Joined: 30 Nov 2003
Location: Leaning Right
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| Posted: Wed Mar 31, 2004 6:55 am Post subject: |
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| Paji eh Wong wrote: |
| maxxx_power wrote: |
| Sojuman99 wrote: |
| Harpeau wrote: |
Wow, that's very interesting. BTW, on a related note. Do you think it's a good idea to invest in Chinese Yuen? Some people have bought a crap load of it and are waiting until it goes on the market. They think it will go up and will make lots of $$. Any opinions on it? Risky?
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I'm pretty sure most people believe the Yuan is overvalued. It is pegged to the USD, currently about 8.2 Yuan to the $$. If the government (chinese) were to allow it to trade freely it would be worth about half as much. Maybe 15 to $1. Risky ? YES
This is how I understand it, somone may have more info though. |
The RMB is actually undervalued. Some believe it's actually 40% more valuable than the government mandated exchange rate. |
One more reason why I'd avoid it. All of that intervention is going to catch up with them (and us) at some point.
Then again, I don't know jack. |
Yeah, I had it backwards. My bad. Still a risky investment. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Apr 01, 2004 2:48 am Post subject: |
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| Tiger Beer wrote: |
| Crois wrote: |
| Just look at the Chinese Human Rights. There arent any. |
That is something I've been meaning to look into for quite awhile. I think there are some directly related to the government. But, I do get sick of hearing that as an excuse to why the US should NOT like China.
| maxxx_power wrote: |
| Sojuman99 wrote: |
| Harpeau wrote: |
| Wow, that's very interesting. BTW, on a related note. Do you think it's a good idea to invest in Chinese Yuen? Some people have bought a crap load of it and are waiting until it goes on the market. They think it will go up and will make lots of $$. Any opinions on it? Risky? |
I'm pretty sure most people believe the Yuan is overvalued. It is pegged to the USD, currently about 8.2 Yuan to the $$. If the government (chinese) were to allow it to trade freely it would be worth about half as much. Maybe 15 to $1. Risky ? YES
This is how I understand it, somone may have more info though. |
The RMB is actually undervalued. Some believe it's actually 40% more valuable than the government mandated exchange rate. |
Yeah, thats a serious problem. The US wants to change that as it makes importing Chinese products a HUGE bargain and great for the Chinese economy.
On the plus side, our US $ is devaluating against the Euro.. and it seems there is a push NOT to do anything about that.. because it means someone is actually importing our products!! That being Europe. |
the US runs a big trade deficit with europe dont' fool yourself |
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articulate_ink
Joined: 23 Mar 2004
Location: Left Korea in 2008. Hong Kong now.
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| Posted: Thu Apr 01, 2004 7:25 pm Post subject: |
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I read the aforementioned ATLANTIC article about the amount of American federal debt owned by China and Japan. In fact, I think I have the magazine on a shelf somewhere now. The gist of the article was that sooner or later the US will have to stop behaving like a Third World country, financially, if it doesn't want to be treated like one by creditor nations. What happened in Argentina could happen here.
The shell games the US Government plays with finances have been frightening me for a while; the more I read, the more I want to get out of here and stay gone. There's a huge trade deficit with China, Japan, Europe, and Canada. Apparently the surplus we supposedly had under Clinton wasn't as big as his administration tended to boast (Gore Vidal wrote about this). Then there are issues like the demographic screwing us Gen-X-ers are going to get when the Boomers retire. Social Security's been raided over and over, and by the time that huge generation starts drawing it down, it's going bye-bye. Nothing left for us, not that there'd be much to begin with. Oh, and recently alarms have been sounded about Medicare going broke, too. Plus there's the artificial inflation of the economy via low interest rates and constant media exhortations to buy! buy! buy! The overall result is the creation of a lot of money that doesn't actually exist, and a lot of debt by people who cannot afford to pay it off. I don't pretend to be an economist, but "irresponsible" doesn't even begin to express how I feel things are run here.
The US has nothing to gain from military action in China. I even doubt the government would intervene if Beijing were to annex Taiwan by force. China is viewed here as an enormous potential consumer base, and Uncle Sam will happily turn a blind eye to whatever China does to its neighbors and citizens... as long as business keeps booming. |
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Thu Apr 01, 2004 8:14 pm Post subject: |
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| articulate_ink wrote: |
| Then there are issues like the demographic screwing us Gen-X-ers are going to get when the Boomers retire. Social Security's been raided over and over, and by the time that huge generation starts drawing it down, it's going bye-bye. Nothing left for us, not that there'd be much to begin with. |
This is already happening now. Greenspan came out about a month ago and said this needs to be addressed immediately. Being at War on a couple fronts has seriously depleted us as a nation, and social security will need to be seriously overhauled in some way or another. The funds for it are simply just not there.
| articulate_ink wrote: |
| Plus there's the artificial inflation of the economy via low interest rates and constant media exhortations to buy! buy! buy! The overall result is the creation of a lot of money that doesn't actually exist, and a lot of debt by people who cannot afford to pay it off. |
The majority of individual Americans are definetely in debt. It does seem to be an allusion that we have something.. whereas the reality is something totally different. Everything has become based on this system of buy now and pay later.
| articulate_ink wrote: |
| I even doubt the government would intervene if Beijing were to annex Taiwan by force. |
The US ALWAYS intervenes here. Taiwan is significantly more important than China for us. Anytime anything happens at all.. we send a navy fleet of ships in there patrolling the Taiwan Straits. This happens all of the time.
| articulate_ink wrote: |
| China is viewed here as an enormous potential consumer base, and Uncle Sam will happily turn a blind eye to whatever China does to its neighbors and citizens... as long as business keeps booming. |
China is viewed as a potential consumer base.. but Taiwan has the strong economy and been a huge trading partner since its inception. Taiwan is completely dependent on the US for its survival from Day 1. It wouldn't even exist today as it does without years and years of very strong US intervention and interest to keep as it is today. No kidding about it, if China took Taiwan as they've threatened to do for years and years and years and years.. the US would do something about it as they've been threatening to for years and years and years. |
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