{"id":288,"date":"2007-08-06T19:26:00","date_gmt":"2007-08-06T19:26:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=288"},"modified":"2007-08-06T19:26:00","modified_gmt":"2007-08-06T19:26:00","slug":"god-bless-china-poker-descubierto-2a-parte","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/god-bless-china-poker-descubierto-2a-parte\/","title":{"rendered":"God Bless China. Open Poker (Part 2)"},"content":{"rendered":"
It seems that the real new world order is being shaped by the currencies of the two giants, US<\/span>.US<\/span>. and China. Let\u2019s recall what we said in the first part of the post with the same title a couple of months ago:<\/p>\n

It seems clear to us that this empire of in fact<\/span> (China) is not prepared to throw away the hand it has been playing for the past few years, even though it continues to cheat. It may well end up accepting the other players\u2019 rules in a few years\u2019 time, but there is no denying that it wants to keep playing. And it wants to keep playing because it is winning, and with every passing day it gets closer to the level of the gamblers<\/span> with whom he shares a table and whose faces poker<\/span> watches it fade as the game progresses. Everyone knows that when China is forced to stop cheating and continues to grow faster and more effectively than the rest of the world, it will already be leading the global economy.<\/p><\/blockquote>\n

Every day, the strategy of US<\/span>.US<\/span>. to keep your heart rate up poker-like<\/span> with the cheater sitting opposite him. It seems he couldn\u2019t care less about kicking the other players out of the game. Perhaps that\u2019s how it has to be if we want someone to stand up to the Chinese giant that refuses to allow its currency to float freely.<\/p>\n

\"\"<\/a>
In the evolution of the yuan<\/span> with regard to euro<\/a> and to the dollar<\/a> In recent years, we have seen these strategic differences clearly. And therefore, if these trends continue for a yuan<\/span>, which is getting weaker and weaker against the euro and other Asian currencies, will undoubtedly cause a great deal of damage. That is why we are saying that it seems as though the departure of poker<\/span> It's now just a matter of two. China continues with its tricks, US<\/span>.US<\/span>. is striving to weaken the dollar as much as possible in order to mitigate the dire effects of the current account deficit (which now stands at 857,000,000,000 \u2013 1Q4Q). It is no surprise, then, that the dollar is currently trading at 7.565 yuan<\/span>, whilst the euro stands at 10.435. Whether for different reasons or not, the yen<\/a> It seems to be following in the dollar\u2019s footsteps, but I repeat: it will be a two-horse race.<\/p>\n

As our much-admired [name] once put it Rebuzner<\/span><\/a>: \u00abIf, ten minutes into the match, poker<\/span>, if you don\u2019t know who the sucker is, then it\u2019s you.\u00bb Even if he benefits from the carry<\/span> trade<\/span><\/span>, ... it seems clear that Japan hasn't ended up playing the fool. By this I mean that the EU<\/span> should take action in light of the direction the global gambling industry is taking. As you can see from the charts linked<\/span> from the yuan<\/span>, only the trade balance of US<\/span>.US<\/span>. you can plant something facing the GDP<\/span> China's GDP grew by 11.9% year-on-year in the second quarter, although in the West provide for<\/span> settings<\/a>.<\/p>\n

All in all, it seems that currency fluctuations will play a significant role in the new world order, even though some people still mentally stuck<\/a> in the \u20ac\/$ exchange rate or in the US dollar as a strong reference currency against the rest. But as I have said on previous occasions, currency speculation is the mother of all speculation, and in the markets one must be very humble when seeking clues. I believe in the weakness of the $ whilst the yuan<\/span> remains artificially pegged to that mysterious basket of currencies, but I believe this to be the case, in all humility.<\/div>","protected":false},"excerpt":{"rendered":"

Parece que el aut\u00e9ntico nuevo orden mundial lo est\u00e1n dise\u00f1ando las divisas de los dos gigantes, EE.UU. y China. Recordemos lo que dec\u00edamos en la primera parte del post con el mismo t\u00edtulo hace un par de meses: Nos parece evidente que dicho imperio de facto (China) no est\u00e1 dispuesto a romper la baraja con […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-288","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=288"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/288\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}