Comments on: Peter Schiff on Krugman and the End Game for the Dollar http://wallstreetpit.com/20859-peter-schiff-on-krugman-and-the-end-game-for-the-dollar Tue, 22 May 2012 19:21:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Robert Lee http://wallstreetpit.com/20859-peter-schiff-on-krugman-and-the-end-game-for-the-dollar#comment-227778 Robert Lee Thu, 29 Jul 2010 18:51:59 +0000 http://wallstreetpit.com/?p=20859#comment-227778 So if it is indeed the end of the game for the dollar - who steps into the vacuum to fill its place. It's a scary thought considering that tough financial times are not the best environment to install a new vehicle currency - and China means business if it decides to fill the hole. I'm also wondering where all the banking confidence in the dollar is coming from considering the taxpayer bailouts of late which are keeping them afloat - does not reflect well on the bankster's judgment. So if it is indeed the end of the game for the dollar – who steps into the vacuum to fill its place. It's a scary thought considering that tough financial times are not the best environment to install a new vehicle currency – and China means business if it decides to fill the hole. I'm also wondering where all the banking confidence in the dollar is coming from considering the taxpayer bailouts of late which are keeping them afloat – does not reflect well on the bankster's judgment.

]]> By: Zhuubaajie http://wallstreetpit.com/20859-peter-schiff-on-krugman-and-the-end-game-for-the-dollar#comment-132233 Zhuubaajie Mon, 22 Mar 2010 01:01:01 +0000 http://wallstreetpit.com/?p=20859#comment-132233 There is a never-published school of conspiracy economics that goes as follows: 1. American is rightfully OWNED by the Banksters Clan. Nobody else matters. If anyone suffers as the banksters grow even richer, they have to blame it on themselves as not being chosen. Only the chosen matters. 2. Banksters make their billions best when there is financial turmoil. If society is at peace and prosperous, the banksters do not do as well. So it is beneficial to the Clan to have unending trouble, the rest of America (or the world) be damned.. Again, they are not part of the chosen and their suffering is just their own damn bad luck. 3. China is doing too well economically, and has to be taken down a peg or two to slow it down, at whatever costs necessary. This is especially true since the Chinese have chosen not to be taken in by the truly chosen - the most recent Bankster's scheme die not hurt China enough. They are too smart for their own good, and must be destroyed (even if it means starving a hundred million or two of them in the process - they are not the chosen, so who cares?). 4. The American dollar is indeed "invincible", in that the Banksters firmly believe that they have an ACE that no other nation in the history of Man had - the power to make war on any and all other nations. The Weimar Republic did not have that, and neither did Argentina nor Zimbabwe. That's why they went into hyper inflation. If America wants its currency stronger again, at any time all that the Banksters have to do is to invoke the unholy alliance clause, and make war in some significant choke point on the world, and investments in U.S. govt. securities will flow into the U.S. again, EVEN is this financial investment benefits ONLY the Bankster class. There is a never-published school of conspiracy economics that goes as follows:

1. American is rightfully OWNED by the Banksters Clan. Nobody else matters. If anyone suffers as the banksters grow even richer, they have to blame it on themselves as not being chosen. Only the chosen matters.

2. Banksters make their billions best when there is financial turmoil. If society is at peace and prosperous, the banksters do not do as well. So it is beneficial to the Clan to have unending trouble, the rest of America (or the world) be damned.. Again, they are not part of the chosen and their suffering is just their own damn bad luck.

3. China is doing too well economically, and has to be taken down a peg or two to slow it down, at whatever costs necessary. This is especially true since the Chinese have chosen not to be taken in by the truly chosen – the most recent Bankster’s scheme die not hurt China enough. They are too smart for their own good, and must be destroyed (even if it means starving a hundred million or two of them in the process – they are not the chosen, so who cares?).

4. The American dollar is indeed “invincible”, in that the Banksters firmly believe that they have an ACE that no other nation in the history of Man had – the power to make war on any and all other nations. The Weimar Republic did not have that, and neither did Argentina nor Zimbabwe. That’s why they went into hyper inflation. If America wants its currency stronger again, at any time all that the Banksters have to do is to invoke the unholy alliance clause, and make war in some significant choke point on the world, and investments in U.S. govt. securities will flow into the U.S. again, EVEN is this financial investment benefits ONLY the Bankster class.

]]> By: DAN http://wallstreetpit.com/20859-peter-schiff-on-krugman-and-the-end-game-for-the-dollar#comment-132110 DAN Sun, 21 Mar 2010 21:50:52 +0000 http://wallstreetpit.com/?p=20859#comment-132110 Printing money faster will accelerate the demand for a replacement reserve currency. A worldwide economic shock with the dumping of 2 trillion US dollar from both the Chinese, Russians and Japanese would immediately get the world community to replace the U$. Amazing how Krugman thinks the US buck is invincible while the writing is on the wall. This will just galvinize the world to do what they fear to do. Printing money faster will accelerate the demand for a replacement reserve currency. A worldwide economic shock with the dumping of 2 trillion US dollar from both the Chinese, Russians and Japanese would immediately get the world community to replace the U$. Amazing how Krugman thinks the US buck is invincible while the writing is on the wall. This will just galvinize the world to do what they fear to do.

]]> By: xinglongnite http://wallstreetpit.com/20859-peter-schiff-on-krugman-and-the-end-game-for-the-dollar#comment-132036 xinglongnite Sun, 21 Mar 2010 16:12:34 +0000 http://wallstreetpit.com/?p=20859#comment-132036 What Krugman suggested is indeed madness. No one should advocate the voluntary destruction of the dollar. 2009 is a very important year in that Chinese M2 finally overtaken that of the US. All it took may be the convertibility of the Chinese Renminbi, and the faith and credibility in the dollar may crumble. If appreciated by another 20%, China's GDP would be 50% of that of the US in a year. But that 50% is nearly all in service output --- sort of a funny money. China already has larger industrial output. I don't believe Krugman would like it when his wish came true. The sino-US WTO agreement is already stacked against the Chinese as an unequal treaty the way it was negotiated. If made even more unequal, I'm no sure the Chinese would opt to stay within the WTO, instead of just racheting up its already massive array of bi- and multi-lateral free trade agreements. What Krugman suggested is so dangerous and disingeneous, it's a pandora's box that should not be openned. What Krugman suggested is indeed madness. No one should advocate the voluntary destruction of the dollar. 2009 is a very important year in that Chinese M2 finally overtaken that of the US. All it took may be the convertibility of the Chinese Renminbi, and the faith and credibility in the dollar may crumble.

If appreciated by another 20%, China’s GDP would be 50% of that of the US in a year. But that 50% is nearly all in service output — sort of a funny money. China already has larger industrial output. I don’t believe Krugman would like it when his wish came true.

The sino-US WTO agreement is already stacked against the Chinese as an unequal treaty the way it was negotiated. If made even more unequal, I’m no sure the Chinese would opt to stay within the WTO, instead of just racheting up its already massive array of bi- and multi-lateral free trade agreements.

What Krugman suggested is so dangerous and disingeneous, it’s a pandora’s box that should not be openned.

]]> By: Jim McClarin http://wallstreetpit.com/20859-peter-schiff-on-krugman-and-the-end-game-for-the-dollar#comment-132005 Jim McClarin Sun, 21 Mar 2010 13:42:31 +0000 http://wallstreetpit.com/?p=20859#comment-132005 This disagreement neatly illustrates the huge difference between two schools of economics. Schiff espouses Austrian economics while Krugman is Keynesian through and through. Keynes was an avowed socialist. This disagreement neatly illustrates the huge difference between two schools of economics. Schiff espouses Austrian economics while Krugman is Keynesian through and through. Keynes was an avowed socialist.

]]> By: Ben Gee, Edmonton, Canada http://wallstreetpit.com/20859-peter-schiff-on-krugman-and-the-end-game-for-the-dollar#comment-131964 Ben Gee, Edmonton, Canada Sun, 21 Mar 2010 09:41:29 +0000 http://wallstreetpit.com/?p=20859#comment-131964 The US can print money until one day when no one will accept $ in trade and for trade. Then, what? The US can print money until one day when no one will accept $ in trade and for trade. Then, what?

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