Hi Daraknor.

Seems you and I, we like to see same movies in same channels or read same books.

Please, do not misunderstood me.

I´m not saying CB are not Market Markers, just they´re market makers in an attempt to favor some people.

IE: Chinese yuan is undervaluated today and it´s a problem to fix. China is the bad guy? How about Japanese Yen? a currency with 0.5 interest rate isn´t undervaluated?

Off course, people can trust the history most wants. For someone, certain history is nuts idea, and for others it's the awful truth.

For some people world is black and white, for me it's always gray. I don't want to convince anybody, but trust me, 19 years in the politic arena teach me some things.

About insiders, there´re several documented cases where some people (not the president precisely) from a CB called some friends to prevent before a huge event occurs. This is nos happening all the time off course, and in not all CB. But tends to succeed when some administration is arriving to the end.

There is a book called Contagious Greed form Frank Partnoy very interesting to read.

Some people thinks smart money is this or that. Companies with a lot of information and super think thanks.
For me, smart money is people accessing to information that´s in not available to the public, and also is highly censored and not disclosed. You can´t access unless you know the password .

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for me this business all about system and knowledge ...if you've your own system and more knowledge then money will follow ...is it right ?

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You are correct. Knowledge first and money will follow. But sometimes it takes very long time and waste much money before we can make money.

Prof

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China has many trade issues, and a relatively low currency is one of them. On the other hand, the actual owners of many factories are multinational corporations from other places. China does not own it's means of production, and that has to annoy some communist tendencies. They also want a middle class, are experiencing a real estate bubble fueled by private investors and revenue for municipal governments. A deep concern of mine would be China nationalizing the foreign owned factories. (Not even a new move, and probably more acceptable than dumping $1.2 trillion in TBonds.)

The issue with Japan's interest rate is massively compounded, they can't afford to pay any interest due to the large quantity of bonds. I seriously wonder what the exit strategy for the Japanese government is going to be on all of those bonds. So far it has been "more bonds", but they need a large number of new bonds just to keep the economy in its current position. I don't think think the Yen will be a global player in another 10 years, but China could be. I wonder how much of the strength of the Yen is tied to a handful of companies (Sony, Toshiba, Toyota, Honda) instead of a large aggregate (massive amounts of exports from China). The physical manufacturing for Japan seems to be migrating out more and more.

It seems strange that we're heading into a depression, and they want to start policies that will drastically increase the cost of prices. A strong Yuan is a cliff to the US economy.

China has approved a law modification to save private property some weeks ago. But still is a communist country. How big guarantees could be.

If you let me express my opinion, The main problem is Japan is G7 member, full capitalist country, large corporations, big bank players. And is playing the G7 game. In other words, companies have the big influence in Japan as in any G7 member. Governments have some control in private activities.

However China plays a fifty/fifty game. They want want to be capitalis but the government keeps the full control. And that´s a problem for the west.

Gotcha!!! You got it.

PD: how interesting is to discuss our ideas and forget a little about indicators and trading systems.

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What options do you think Japan has in the future? Govt Debt = 176% GDP vs 64.7% of GDP in the US. (CIA Factbook as source) It appears to me most of the Japanese debt is held by the private citizens, while most of the US debt is held by foreign countries. (12% of the 10 trillion US debt held by China)

A stronger Yuan hurts the US more relatively than China, since we don't really export to China (music, movies, some tech = 4.6% of $1t) but Japan does (13.4% of $590b). Both countries have a large import basis from China, and both will loose (but Japan less so).

I think most of the exports listed for the US are actually fake, based on accounting rules. Japan would appear to be affected by a global recession/depression as well, and the US is deep into the beginning of one (we just haven't made it common knowledge yet).

Not too many, only accept the US terms. The power is in the big debtors hands, not in the big creditor hands.

Japanese people thinks in a different way that western people do. I suppose they going to resign and suffer because they can´t understand some people/company/country do not want to honor debts.

In fact, when Nielsen (Argentine representative to negotiate 2001 default ) visit Japan, after three hours explaining what happened, the default, the proposed solution, and the real value drop in the bonds and the new bonds value, Japanese citizens presents in auditorium asked: ok, and how do you going to pay us?.
And after Nielsen answer, some guy said: why do you not sell some territory of your country.

It's so simple, they can´t understand why somebody can't afford their debts.

They´re commodities in hundred million dollars. But you and I knows commodities does not have the same implicit value as manufactures.

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And ???

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Linuxuser, what does that mean? (I need food, not thinking too clearly.) Pooled assets... it sounds like they are bailing out a securities trader. Do you know what the money is being spent on?

I´d forget to post the title.

[quote]BOJ Supplying Y400.0 Bln Against Pooled Collateral At HQ/QUOTE]

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