China’s Foreign Currency Reserves May Be Big Liability: Video

China's Foreign Currency Reserves May Be Big Liability: Video

Feb. 8 (Bloomberg) — Bloomberg’s Sarah Eisen reports on the massive growth of China’s foreign currency reserves. (Source: Bloomberg)

All countries, except for the USA for now, have to sell items in order to acquire foreign “reserves”. They use these foreign reserves to buy imports. The USA…
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12 Responses to “China’s Foreign Currency Reserves May Be Big Liability: Video” Subscribe

  1. aviomaster May 6, 2013 at 8:32 am #

    YOU want OIL it is 116 Dollars per barrel. Give us your goods we give you dollar. EVERYONE needs OIL.
    This is proof how USA can have huge trade deficit USA exported 1480 Billion Dollars worth of goods in 2011.
    Imported 2300 Billion Dollars worth of goods in 2011. No nation on EARTH can do this.

  2. terrygand May 6, 2013 at 9:14 am #

    Michael Hudson , we may not like what he has said but, sometimes the truth isn’t very nice. The US empire is in it`s last few years; like our British empire `overreached` itself ( financially), so the same is happening to America. We should not be too surprised, if any one/company/bank or, nation spends what it can`t afford the result is debt and/or, bankruptcy. It is that simple! This is the `dawning` of the B.R.I.C nations. It is now a `mathematical certainty` . “Live Long & Prosper”

  3. jim bo May 6, 2013 at 10:09 am #

    Thanks for watching!

  4. jim bo May 6, 2013 at 11:07 am #

    I came across this video by mistake. I’m glad that I stumbled upon it.

  5. jim bo May 6, 2013 at 11:25 am #

    Dittos

  6. terrygand May 6, 2013 at 11:52 am #

    Just like ,the USSR, British Empire, Scandinavian `Kalmar Union` , Roman Empire, Assyrian Empire,Persian Empire, Greek Empire “Alexander the Great”; they all failed! Why? Economics; any Nation/Empire/Federation that spends what it cannot afford will, go into debt. This is a `simple` mathematical fact! US is living way beyond it`s means and unlike Iraq or, Libya, Russia,China,India cannot be `bombed` or, bullied, they have Nuclear weapons. They are doing Bilateral trade with their own money.

  7. 211Alucard May 6, 2013 at 12:45 pm #

    Great interview.Smart man.The days are coming for America.

  8. GranFury440 May 6, 2013 at 12:54 pm #

    Interesting video jimbobubbadj. The U.S.A isn’t a country if you ask me but rather a business. It is owned by big business and all of it’s criminal friends on wall st. The big business in North america is making the ones who aren’t in the “big club” as George Carlin put it look bad. Seems to me that this whole world is turning into this mess. Like someday it won’t be what country you’re from at all but rather what corporation you represent.

  9. HannoverFisk May 6, 2013 at 1:01 pm #

    Buy the Canadian dollar it’s backed by platium, gold, silver, nickel, oil, iron, uranium, wheat, barley, potash, softwood, anything you want. Canada has lots of everything.

  10. nteowl2025 May 6, 2013 at 1:02 pm #

    Not sure how I found you, jimbobubbadj, but you have a unique, direct, approach to whats going on. I have been YouTubing for almost a decade focusing on precisely this subject, and I’m thankful to know you. Keep up the good work, I am watching.

  11. wtf4688 May 6, 2013 at 1:52 pm #

    THIS GUY RIGHT ON THE MONEY WHEN TALKING ABOUT THE AMERICAN GOV”" I HOPE THE GOV GETS WANT IT HAS COMING THE PEOPLE OF AMERICA HANGING THERE ASSESS

  12. greatwf May 6, 2013 at 2:14 pm #

     ¡Great!

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