President Obama – Yuan Currency Manipulation, China RMB Rate

U.S. Senate Banking Committee Chairman Chris Dodd responds to reporters concerning his expectation of what President elect Obama will do concerning the China Yuan currency manipulation.

Buy China yuan while the American dollar is strong and wait for U.S. pressure legislatively to be applied during the Obama administration. Huge potential profits as the yuan gets released from captivity to rise to all-time highs.
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For those without much intestinal fortitude to ride the waves of change during this unprecedented global financial crisis, park your life savings in gold and watch the currencies of the world unravel after which you can reposition and relocate your fortunes in the appropriate currency of choice once stability returns to global financial markets. Gold has been a timeless and solid bet for savvy investors unwilling to risk their hard earned money. http://www.bullionvault.com/#paulfdavis

In June of 2007, despite pressure from the US Congress, the Bush administration refused acknowledge and cite China as a country that manipulates its currency to gain unfair trade advantages. Yet that finding was quickly challenged by a group of senators who said they would introduce legislation to make it easier for the United States to pursue economic sanctions against China for allowing its currency to rise in value more quickly against the dollar.

American manufacturers contend that China is undervaluing its currency by as much as 40 percent. Contributing to a recession and an unprecedented jobless rate in America, China yuan currency manipulation has produced a massive US-China trade gap exceeding an all-time high of $232.6 billion, one-third of America’s record deficit of $758.5 billion last year.

Expect a majority Democratic Congress and President elect Obama to take aggressive action against China for manipulating their currency and artificially keeping the yuan and RMB rate. The time for change has come and it will begin in the global economy as President Obama applies pressure with his economic team on countries like China who have manipulated their currency, held the yuan down, to profit handsomely at the expense of the U.S. economy.

The Obama administration will not mirror the passivity an complacency of the Bush administration, but rather take aggressive action to remedy the global market injustices and create a level playing field for all in the international markets. That being said, when the strategic economic dialogue is unveiled, as President Obama takes office on January 20. 2009, expect immediate pressure on China and Japan to stop the manipulation of their currencies.

China’s currency hit a new high against the American dollar on in June of 2007 when the United States’ congress began to increasingly demand China increase the value of the yuan more quickly. Once the People’s Bank of China complied and set the midpoint at 7.6282, the minute trading started the 7.63 barrier was instantly broken for the first time since China ended the peg to the US dollar in July 2005.

Although the China yuan is currently allowed to move 0.5 percent up or down the midpoint in a day, expect more pressure to be applied from the Obama administration and Washington upon China in the coming months. This will translate into record highs for those investing in China yuan, as its artificially low valuations break free and begin to rise to all-time highs.

Expect U.S. lawmakers, Chris Dodd, and the Obama administration to put unprecedented pressure on China to stop manipulating their currency and let the yuan rise to all-time highs. Once the controls on the yuan are lifted, the yuan a.k.a. RMB will hit record highs.

That being said, a very safe and wise long-term investment is the China yuan given the fact China holds over $1 trillion of U.S. debt and manufactures countless goods and products bought throughout America by salivating consumers lusting for Chinese items.

For more than half a century, US labor-intensive industry has mostly shifted overseas. Take the shoe industry for example. In 1976, in the US market 53 pairs of shoes per 100 pairs were domestically made. That figure dropped to 22 pairs in 1986; 11 pairs in 1996; and only only one and half pairs per 100 were domestically made in 2006.
Now, 98.5 percent of the shoes worn by Americans are imported. In 2005, the US imported 1.8 billion pairs of various kinds of shoes from China. The average American wore six pairs of shoes made in China.

American lawmakers are adamantly calling for punitive action against China if it fails to take faster action to let the yuan rise. Once President elect Obama enters the White House, expect immediate action against China to ensure compliance and a release of the yuan from captivity and Chinese governmental intervention.

http://ads.easy-forex.com/Gateway.aspx?gid=104994 – Buy China yuan while the American dollar is strong and wait for U.S. pressure legislatively to be applied during the Obama administration. Huge potential profits as the yuan gets released from captivity to rise to all-time highs.

Learn currency trading & exchange secrets to make millions during the devaluation en route to economic globalization.  https://paydotcom.com/r/73417/paulfdavis/20767083/

For those without much intestinal fortitude to ride the waves of change during this unprecedented global financial crisis, park your life savings in gold and watch the currencies of the world unravel after which you can reposition and relocate your fortunes in the appropriate currency of choice once stability returns to global financial markets. Gold has been a timeless and solid bet for savvy investors unwilling to risk their hard earned money. http://www.bullionvault.com/#paulfdavis

# # #

Paul F. Davis is a world-changer who has touched over 50 countries, more than 50 islands, and 6 continents empowering people throughout the earth to live their dreams!

Paul is the author of 14 books and premier life coach building dreams, breaking limitations, and transforming individuals and organizations. Paul is a change master that knows how to play with pain, while elegantly and humorously navigating through transition to ride the waves of change.

http://www.PaulFDavis.com
RevivingNations@yahoo.com
407-967-7553

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China to Diversify Foreign Currency Reserves, Dump Dollars, and Invest its $1 Trillion Elsewhere

China will soon begin to diversify its foreign currency reserves and dump dollars by the billions. As China invests its $1 trillion from trade surpluses elsewhere, other central and foreign banks will dump dollars. We holding dollars will lose much. 

China’s spectacular trade surplus and mighty strength as the lender of last resort to many nations including America, which owes $10 trillion in debt, are raising eyebrows as many investors are dumping dollars and buying China’s Yuan, a highly undervalued currency.

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[b]China’s plan to diversify foreign currency reserves is an unprecedented move away from the U.S. dollar.[/b]

The Chinese government announced the formation of a new agency to oversee investment of China’s $1 trillion in foreign currency reserves, representing a potent new force in international finance.

Finance Minister Jin Renqing offered no specifics about how much of the currency reserves would be made available to the investment agency. But analysts say the agency is expected to control one of the world’s biggest investment funds, and one that could singlehandedly alter the value of national currencies on a global scale. As China seeks more attractive investment earnings with its vast financial holdings and moves away from the devaluing dollar, expect the U.S. economy to take a nosedive. When it does (and already beforehand for savvy investors with sufficient foresight), watch for a run on the U.S. banks and widespread dumping of the dollar in favor of the Euro, Yuan, gold, and other safe havens.

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The Chinese government says one model for the agency was Temasek Holdings, the Singapore government’s successful investment agency, which manages an $84 billion global portfolio of investments.

China already has the world’s largest foreign exchange holdings, which is growing rapidly because of the country’s huge trade surpluses. According to the International Herald Tribune most of the reserves China now accumulates are conservatively invested in U.S. Treasury bonds and other government securities, which earn little return for China yet help to keep interest rates in the United States and other countries low.

The investment agency allows China to quickly diversify its foreign exchange holdings away from the dollar. Given the fact China and many Asian tigers loaning billions of dollars to the U.S. are disenchanted with America’s imperialistic foreign policy in Iraq, when disgust reaches its peak the dumping of dollars and non-renewing of loans to the U.S. could bankrupt the American economy.

China is ready to aggressively invest its huge trade surpluses as it seeks higher returns away from the dismal dollar. The impact of China’s emergence as a major global investor will be huge and a devastating blow to the U.S. economy as they progressively shift away from dollars in favor of more appreciating assets and higher yielding investments.

Rumor has it that China will soon begin dumping dollars by the billions. Before that happens, the American people would be wise to put their investments and protect their life savings in gold and other currencies such as the Euro and Chinese Yuan (which is greatly undervalued).

The biggest priority in these turbulent and troubling economic times is security, which the dollar no longer provides.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Chinese government announced the formation of a new agency to oversee investment of China’s $1 trillion in foreign currency reserves, representing a potent new force in international finance. China’s spectacular trade surplus and mighty strength as the lender of last resort to many nations including America, which owes $10 trillion in debt, are raising eyebrows as many investors are dumping dollars and buying China’s Yuan, a highly undervalued currency.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Finance Minister Jin Renqing offered no specifics about how much of the currency reserves would be made available to the investment agency. But analysts say the agency is expected to control one of the world’s biggest investment funds, and one that could singlehandedly alter the value of national currencies on a global scale. As China seeks more attractive investment earnings with its vast financial holdings and moves away from the devaluing dollar, expect the U.S. economy to take a nosedive. When it does (and already beforehand for savvy investors with sufficient foresight), watch for a run on the U.S. banks and widespread dumping of the dollar in favor of the Euro, Yuan, gold, and other safe havens.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Chinese government says one model for the agency was Temasek Holdings, the Singapore government’s successful investment agency, which manages an $84 billion global portfolio of investments.

China already has the world’s largest foreign exchange holdings, which is growing rapidly because of the country’s huge trade surpluses. According to the International Herald Tribune most of the reserves China now accumulates are conservatively invested in U.S. Treasury bonds and other government securities, which earn little return for China yet help to keep interest rates in the United States and other countries low.

The investment agency allows China to quickly diversify its foreign exchange holdings away from the dollar. Given the fact China and many Asian tigers loaning billions of dollars to the U.S. are disenchanted with America’s imperialistic foreign policy in Iraq, when disgust reaches its peak the dumping of dollars and non-renewing of loans to the U.S. could bankrupt the American economy.

China is ready to aggressively invest its huge trade surpluses as it seeks higher returns away from the dismal dollar. The impact of China’s emergence as a major global investor will be huge and a devastating blow to the U.S. economy as they progressively shift away from dollars in favor of more appreciating assets and higher yielding investments.

Rumor has it that China will soon begin dumping dollars by the billions. Before that happens, the American people would be wise to put their investments and protect their life savings in gold and other currencies such as the Euro and Chinese Yuan (which is greatly undervalued).

The biggest priority in these turbulent and troubling economic times is security, which the dollar no longer provides.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Burma’s Aung San Suu Kyi conferred honorary Canadian citizenship while under house arrest in Myanmar

Burma’s pro-democracy icon and Noble Peace Laureate Aung San Suu Kyi, who is under house arrest, will be conferred an honorary citizenship by the government of Canada.

I think it’s so cool Burma’s human rights advocate and Nobel Peace Laureate who has struggled selflessly for years for the liberation of her people, will be honored in such a way.

My wife is Canadian and I think that’s a first class move of solidarity with Aung San Suu Kyi and the people of Burma.

I’ve been to Burma several times ministering in various churches covertly and was disgusted with the level of governmental corruption I experienced. From the time you go through customs and cross the border, the greedy government is in your pocket making you exchange $300 USD in exchange for the FEC (federal worthless currency), which even the locals don’t want. Then to be of any value in Burma you must exchange the FECs for chat (the local currency), which you lose about 7% value upon immedite exchange. So basically the government beyond the visa immigration fees, wants another $21 upon arrival per person for themselves.

What makes my blood boil is the way you can’t travel freely throughout Burma. Nevertheless I went to several black out zones to preach the Good News of Christ to former University students (who couldn’t attend University for a while because the ignorant and fearful government had for some time shut the Universities down in an effort to practice mind control and a futile attempt to rid the land of democratic ideals from the West).

Laugh out loud at such governmental stupidity! Now the monks and people throughout Burma are rising up and boldly challenging the military junta – some even dying for their battle for freedom. The recent cyclone that devastated the country showed the heart of the governmental junta who withheld foreign assistance and aid for weeks, fearing they’d lose control over the people.

I pray God Almighty breaks the back of the enemy and causes the evil to bow before the good in Burma and be brought to justice swiftly before international tribunals for crimes against humanity. I pray corrupt governmental officials in China backing this brutal regime in Burma also be brought to justice.

Paul F Davis – international speaker, worldwide minister, peace activist for human rights, and author of several books including Poems That Propel The Planet

http://www.PaulFDavis.com
RevivingNations@yahoo.com