Steve Bannon nails China and talks about Covid 19

For a country that is apparently not to be trusted, is seeking to undermine the USA and thwart global competition, they sure so seem keen to do a lot of business with the West and hold a lot of it's debt. Chinese companies have also shown interest in many major investments in the UK and Europe in recent times also. They have part financed Hinkley C, for example. In Germany, they bought an entire steel works.
The huge devaluing of any currency cannot be carried out without other wider-ranging effects on other parts of the world's economy.
 

alex04w

Member
Mixed Farmer
Location
Co Antrim
The problem with your forecast, is that it is certainly not in China’s Interest, to devalue the dollar, since they are the largest holder of US debt. if the dollar loses its value, it will not only cost the Chinese this Debt , but also lose them a huge export market.

China have been huge buyers of gold. What are they paying in. Yip, that is right, US dollars.

They are also building infrastructure (ghost cities etc) and what are paying for those - US dollars.

They have also been divesting themselves of US treasuries as fast as they can.

When they have bought the gold and got rid of the dollars, it will be the end of the US dollar as the reserve currency (and their economy with it).
 

DaveGrohl

Member
Mixed Farmer
Location
Cumbria
Paper money this and that. You are placing intrinsic value in something which has none.

What are you trying to say, exactly? There are safer investments than gold, long or short term. There are products with greater returns, there are products easier to buy and sell or store. What makes gold so special apart from your psychological attachment to it?
Paper money has intrinsic value? Ollie you seem to be reading between my lines and seeing things that aren't there. I'm actually struggling to follow your train of thought. You have a different opinion of gold, most of which has been retold over and over again for a lot longer than we've been around. I don't agree with a lot of what you're saying, you don't agree with me. I can live with that. Again, I'm out.
 
Paper money has intrinsic value? Ollie you seem to be reading between my lines and seeing things that aren't there. I'm actually struggling to follow your train of thought. You have a different opinion of gold, most of which has been retold over and over again for a lot longer than we've been around. I don't agree with a lot of what you're saying, you don't agree with me. I can live with that. Again, I'm out.

I don't know what point you are trying to make, either. I try not to trouble myself over things like that.
 
China have been huge buyers of gold. What are they paying in. Yip, that is right, US dollars.

They are also building infrastructure (ghost cities etc) and what are paying for those - US dollars.

They have also been divesting themselves of US treasuries as fast as they can.

When they have bought the gold and got rid of the dollars, it will be the end of the US dollar as the reserve currency (and their economy with it).

Have they set a date?
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 80 42.3%
  • Up to 25%

    Votes: 66 34.9%
  • 25-50%

    Votes: 30 15.9%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 7 3.7%

Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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