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USD=SGD. is just a matter of time !
boyikao3 ( Date: 07-Sep-2010 20:41) Posted:
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USD will never crash, Just like Thai baht never crashed. What will crash is EURO and it will most certainly disappear from the face of earth !
niuyear ( Date: 20-Aug-2009 10:36) Posted:
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I beg to differ, present world trading currency system is no longer valid to the current global economic progress and development . . . Therefore it is time to reevaluate and perhaps reformation of the global currency mechanism should have been on going process. United Asian regional currency existance is compulsary to rebalance the unstable global financial economic mechanism wisely and fairly.
ten4one ( Date: 20-Aug-2009 14:52) Posted:
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All CHINA related stocks throughout the world are rocketing !
China said they are still elementary student in capital management. They have to still buy US Bonds ....it will take a very very long time for them to unwind from US Treasuries... need not think too strategic since we are not paid to do so..
China is holding a huge pile of US$. They will not let US$ crash now as its asset will shrink. In order to divert it's risk, and capitalise on US$ to crash, they are on buying spree of world oil and oil refinery now. Even our dearest SPC is also bought over by Petro China. And their purchase is in US$. If one fine day US$ crash, China will be the one big winner.
Totally agreed with all d invaluable comments on largest US gov bonds holder, diversification of investment fr PRC and most importantly d cooperation fr d giants, may be add in India n Nippon, to uplift d current global weak economy. Cheers.
Like it or not, China & USA must work together now and lead the world to kick start the economic engines for a smooth recovery. Any hicup will worsen the current situation. Therefore, a change in the current world trading currency is no good for the economy.
Ten to twenty years downn the road....may be and who knows? Cheers!
I dun think the Chinese is willingly to back USD for too long.
Look at the spending spree of the Chinese state-owned companies, they are already buying assets from South Africa, Australia, Mexico, etc.
Speaking with the New York Times, a top Chinese economist explained why China is cutting its holdings of U.S. bonds by quoting John Maynard Keynes: “If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.”
AK_Francis ( Date: 20-Aug-2009 12:29) Posted:
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Ha ha, jangan tension, relax lah, PRC is still backing US mah!!
if one day oil price is no longer pegged to USD but to SGD, hor sey liao!
US$ is closed linked to Oil $$. Oil is traded in US$. If US$ crash, Oil will shoot out of the roof. And I think it's possible US$ will crash one fine day, but not overnight where people like Soros can capitalise on.
who is Buffets? dun prey prey. he advocated value investing.so if USD is no longer seen as valuable, what will happen next? certainly it will not collapse over night, but the warning is here.
When Buffets start to talk about currency, i think there is going to be a currency crisis soon? And this time round, dont tell me is US$? Remember how much George Soros made during the sterling pounds crisis? followed by Thai baht that led to asian crisis 1997 and now may be US$? If it is so, our Temasek has indeed, made a good decision to exit Bank of America and venture into China market .
China rawks......
MsAloevera ( Date: 20-Aug-2009 02:48) Posted:
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Definitely not in the foreseeable future 'cos not one single Nation is able to come up with an alternative single world trading currency!!!!
IT IS SIMPLY TOO BIG TO FAIL
Cheers!
it will not happen as too many pple linked to it
It should be something beyond my imagination!
MsAloevera ( Date: 20-Aug-2009 02:48) Posted:
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What do you think will happen to the financial market 'IF' the USD crash?
Link to article
http://finance.yahoo.com/tech-ticker/article/306287/Buffett-We're-Going-to-Be-Crushed-Under-Mountain-of-Debt?tickers=tbt,tlt,udn,uup,brk-a,brk-b,spy&sec=topStories&pos=9&asset=&ccode=