{"id":6440,"date":"2012-12-10T21:53:39","date_gmt":"2012-12-11T02:53:39","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6440"},"modified":"2012-12-10T21:53:39","modified_gmt":"2012-12-11T02:53:39","slug":"what-to-do-about-the-us-currency-war-alan-kohler-commentary-business-spectator","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/10\/what-to-do-about-the-us-currency-war-alan-kohler-commentary-business-spectator\/","title":{"rendered":"What to do about the US currency war | Alan Kohler | Business Spectator"},"content":{"rendered":"

Alan Kohler writes about the Fed’s quantitative easing strategy which is effectively debasing the US dollar:<\/p>\n

\n

Because it is trying to reduce the world\u2019s reserve currency, the Fed is effectively giving other countries two choices: either allow your currencies to appreciate against the US dollar and thus make your economies less competitive and crunch your export industries, or print money with us and risk (or perhaps guarantee) inflation.<\/p>\n

It is a Hobson\u2019s Choice, and like most other countries\u2019 central banks, the Reserve Bank of Australia doesn\u2019t quite know what to do.<\/p>\n<\/blockquote>\n

The strategy is also debasing the more than $2 trillion of US Treasuries held by China and Japan, placing these Asian exporters in an awkward position. Repatriating their investments would send the dollar plummeting against the yuan and the yen, reversing their export advantage maintained over the last two decades through capital account inflows into US Treasuries. Capital inflows were used to offset the current account outflows and prevented the yen and yuan from appreciating against the dollar. If the flows reverse, the US will enjoy an unfair trade advantage from an under-valued dollar.<\/p>\n

Methinks those who predict a globally dominant China with continued growth rates of 7% to 8% are a mite premature. …….Possibly a century or two.<\/p>\n

Read more at What to do about the US currency war | Alan Kohler | Commentary | Business Spectator<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alan Kohler writes about the Fed’s quantitative easing strategy which is effectively debasing the US dollar: Because it is trying to reduce the world\u2019s reserve currency, the Fed is effectively giving other countries two choices: either allow your currencies to appreciate against the US dollar and thus make your economies less competitive and crunch your … <\/p>\n

Continue reading “What to do about the US currency war | Alan Kohler | Business Spectator”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,41,34],"tags":[1317,1328,1828,2831],"class_list":["post-6440","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-china-hk","category-us-canada-countries-regions","tag-exchange-rates","tag-exports","tag-inflation","tag-quantitative-easing"],"yoast_head":"\nWhat to do about the US currency war | Alan Kohler | Business Spectator - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What to do about the US currency war | Alan Kohler | Business Spectator - 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Michael Pettis suggests the latter and argues in favor of constraining unlimited purchases of US or other government bonds by international trading partners like China and Japan: ...it is actually quite easy to list the conditions\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60957,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/02\/14\/gold-the-long-game-2\/","url_meta":{"origin":6440,"position":5},"title":"Gold, the long game","author":"Colin Twiggs","date":"February 14, 2025","format":false,"excerpt":"A timeline since 1960 shows that the price of gold tends to rise in waves, typically triggered by an event that unsettles global financial markets. 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