nom=de=plume wrote:
"Canuck57" wrote in message
...
JohnH, wrote:

Please say it often.
May his days be few;
may another take his office!

Well put. 'bama seems to look worried in going to Asia Pac Rim. Likely
the people who hold much of the US government debt are going to set the
'bama straight on what will happen if Congress and 'bama don't get their
fiscal house in order. That is cut the deficit and debt spending or else.
Want a trade war?

China has over $2 trillion of USDs on cash, more on debt and deficit
trade. 'bama better not try to get tough with them or they might decide
to squish the whole USD to 10 cents on the dollar.

'bama isn't holding any cards in this round. He is a debtor hoping for a
credit extention as no one is lending to the US and Canadian governments.


You really don't know much about economics or the Chinese. Fortunately, it
doesn't matter much what you know or don't know.

Correct. What we know maters not to the big picture. You and I have
zero influence.

But I follow it for my own reasons, buy and hold investors get squshed
like bugs for events like these. Foe example, acorrect observation
would have had you mostly in cash in the fall of 2008. Which means you
wouldn't have taken the loses most did.

Well this time, the last place you want to be is bonds, debt, GIC, CD,
money market prefering hard assets in oil, or even bars of gold. Me, I
treat the price of a barrel of oil as a benchmark. Now that China makes
and sells more autos than the US, oil has a future and will price itself
independantly of any one currency. Including a depreciating USD.