Starting to get doubts about QE3? Don’t tell that to the official Chinese rating agency Dagong, who in traditional uber-pragmatic fashion, has the following summary observation on US monetary policy, and any imaginary changes thereto: “The second round quantitative easing policy ongoing in the United States can not change its weak domestic demand in the short term.
In fact, it can only lower the interest rate of US Treasuries so as to maintain stable interest rate in the capital market in the long term, playing the indirect role of clearing some obstacles for a stable recovery. However, the plan of purchasing 600 billion US dollar Treasury bonds can not realize its predicted goal; and therefore, the United States will hardly change its predetermined monetary policy in 2011.” What does this mean for China and the rest of the world: “The continuous implementation of such unconventional monetary policy in the United States will lead to the escalation of world credit war and inflict greater losses for related parties in the world credit system.” Any questions?
Full Dagong report from 01/2011
Survivalists are subject to negative stereotyping - with good reason. However, we aren't all tin-foil hat wearing, conspiracy theorist Chicken Littles.
My Goal: Provide a skeptical, balanced, and rational environmental scan of current news and commentary about Dramatic Change Events (DCE).
About me: A tolerant, socially liberal, gun owning, food-stocking, information science professional and former native of eastern Kentucky who questions everything, but doesn't ignore the signs that dramatic changes are happening all over the world - every day.
Who cares about speculation on the causes at this point, I'm watching the symptoms.
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My Goal: Provide a skeptical, balanced, and rational environmental scan of current news and commentary about Dramatic Change Events (DCE).
About me: A tolerant, socially liberal, gun owning, food-stocking, information science professional and former native of eastern Kentucky who questions everything, but doesn't ignore the signs that dramatic changes are happening all over the world - every day.
Who cares about speculation on the causes at this point, I'm watching the symptoms.
Topics: Global food crisis, survivalism, emergency preparedness, natural disasters, economic crisis, currency revaluation, inflation, peak oil, climate change, personal security, firearms, civil liberties, privacy, domestic surveillance, and more.
Email Contact : skeptical [dot] survivalist [at] gmail [dot] com
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