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With about $400 billion in debt and a broken economy, Greece is in trouble. But, how did Greece end up with such a high debt, and who do they owe money to?
Greece's Debt Due: What Greece Owes When
"Greece is negotiating with its eurozone creditors to get more aid before the indebted government runs out of cash."
Explaining the Greek Debt Crisis
"Greece, the weak link in the eurozone, is struggling to pay its debt as its people and its creditors grow more restive."
Greek debts: what does it owe? When will the money run out?
"Crunch talks between Greece and its eurozone creditors are under way, but investors are growing increasingly sceptical that the country can reach an agreement on reforms and unlock the aid it needs from international lenders to avoid a debt default."
Greek debt crisis: Who has most to lose?
"Greece and its international lenders have embarked on a battle over the country's staggering debt."
What Happens If A Country Goes Bankrupt?
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Every country manipulates currency in a way. Fixed exchange rate countries have more work to do maintain a fixed exchange rate. But even those with floating exchange rates needs US dollars handy or their money printing presses on h standby.
AM I the only one who don't understand 'they've attempted to stem the inevitable devaluation of their currency' part? at 1:20, behind the footage, news saying 'China lets Yuan fall further' I think those two sentences contradict each other . Why does China want to stop the devaluation? devaluation means rise in exchange rate, so that would be helpful to boost its export.
US resorts to wars to maintain the US dollar as world “key currency”.That “key currency” status has allowed Washington to manipulate the value of the dollar because the US remains the sole unchallenged world military leader. Facts.
American talents raise their hourly billing rate.
China’s illiterates lower their hourly billing rate (through currency devaluation).
In 1978 1 yuan was almost equal to 1 dollar.
In 2018 7 yuan is equal to 1 dollar.
Basically, if you could afford to hire one Chinese servant for one hour each day in 1978, today that servant works 7 hours for the price of one.
Only the Chinese see value in feeding at the bottom.
China does manipulate its currency. You cant post 500 billion dollars a year in trade surpluses. If you arent manipulating your currency. When China's trade balance is zero. Meaning zero losses and zero gains. Then you know the currency is balanced. But 500 billion a year indicates extreme undervalue-ness. And the dollar is freaking worthless. You cant buy anything with it. And China stuck holding all of this worthless money.
The currency is undervalued. China should just sell its foreign reserves and then use the money to spend on nuclear missiles. What the Yuan is worth will be determined by the free market. The govt doesnt need to take part in the value of the Yuan. A stronger Yuan will lead to more purchasing power. Allow the Chinese govt to buy more stuff from abroad. A weaker Yuan will reverse that and allow Chinese corporations to export more abroad while reducing how much the govt and its people can import.
Chinese currency: Print some pieces of paper. Make all countries in the World accept your paper as money. Use your paper to buy real money. Use real money to buy (real state in) other countries until you own the World.
In which way does the Chinese Central Bank manipulate its currency? If it liberates the Chinese Yuan, would the Chinese people even have more money to buy everything in the world than they do it today? See the Canadian house bubble. Everywhere are the Chinese.
One minute she said that the Chinese currency holds "greater weight" than the pound. But then she goes onto to say that the Chinese currency has "far to go" before rivalling the dollar. Although the pound is stronger than the dollar. Makes no sense.
You have not explained how buying $500 Billion was currency manipulation. If China wants its currency value to be competitively cheap, why would it try to bolster its value? The video is just too fast paced and lots of text (subtitles, quotes etc.) which make it disturbing when combined with that sorta background music.
Hope this feedback is taken positively. Thx!
If the Yuan deflates and the Dollar inflates, how is that China being cheaper? The Exchange rate could go up to be 6USD = 1Yuan and from there the dollar keeps inflating and the Yuan keeps deflating so eventually 12USD = 1yuan. That would mean more USD is required for the same Chinese good. How is that attractive to buyers if it costs more?
Print some pieces of paper, get all countries in the world recognize your paper as money. Use your pieces of paper to buy real money. Use the real money to buy (real estate in) other countries until you own the world.
by the way mention one central bank in the world that is not manipulating its currency... the truth is, build economy that is based on massive production and when you manipulate your currency, it just works super fine.. but when you only print dollar and enforce using it with wars and removing head of states and having puppets all over the world to use it by force or fire... you are on the wrong side of history...
that is the difference between u.s and china.
China is finally taking over, slow but steady.. Lesson to learn here, you don't build economy backed by wars and removing head of states for backing the empty and useless dollar. You build economy with super hard working people.
Now this is communist finally taking over, an ideology the west created and campaigned against.. That is the idea of creating an ideology in the first place... Meanwhile I don't know what to call ppp. It just makes super sense.. Private public partnership, Chinese invention
I am confused. Why can't China print more money, so that the huge population can get benifit from it? and When you print more money, shouldnt the value goes down? How did China be able to purchase so many USD without any warning? Who exactly own it, the government or companies???
It's called a "currency peg," not "Currency Manipulation." Many countries have a fixed peg against the dollar. Why? Because the dollar is the worlds largest reserve currency. Don't get mad at China, or for that matter nearly 90% of the world that peg's their currency to the dollar. Why? Because the U.S. has chosen a monetary policy that benefits Wall Street, but not Main street. Those manufacturing jobs are not coming back to the U.S. unless the U.S. wants to relinquish its privilege of being the worlds reserve currency. There are pros and cons to everything in economics, monetary policy is no exception. So, calling China a "Currency Manipulator" is just the easy way of bashing China for out playing the U.S. Like I said, 90% of all countries peg to the dollar, this is called a fixed currency. The U.S. uses a free floating currency, just like the Euro and Yen, which are also considered reserve currencies.
This entire channel is built from simple people, who know very little about a particular subject and then quote the first online article they see as fact. If you really want to know something you should do your own in-depth research about it, not watch these short 3 minute videos that try to summarize an in depth novel into a few spark-notes.
pegging in US dollar helps in trade advantage and we do all benefit from the "free market". Why is it China pegging the currency and the rest of the world cannot compete? Please do your critical thinking.
Sorry dude. A peg is not the same as currency manipulation. The peg is fixed at a certain % of the dollar and rises and falls in tandem with it. China is manipulating its currency value based on transactions.
because you have no domestic policy space. Pegging your currency, you have to have both the currency you're pegged to and your own currency to manipulate the price. If you don't have the currency reserve necessary then you can be stuck in a trap. Foreign currency comes into the country when you export more, so you have to export more than importing. Another thing you can do is, keep domestic wages low so people can't afford to import so export is more than imports. Having pegged currency is not flexible.
I just want to show you something that i find in my country .
and its can make your wallet to be bigger than ever
pleas wath the video and i will know thet you like it .
Встроенное изображение 1
For all those who think that China is bad or whatever i want to clear you some things
1) The Chinese people are more patriotic than the American ones as they sacrifaces their own lives for a better generetion rather than having a debt that their grand grand children have to repay.
2) America is manupulating his own currency also... it is called lowering interest rates of central bank.
3) A businessman doesnt care about his nationality. The only thing that he cares is about profit (See Apple). So being proud for other american's fortune is like saying " My neighbour have the biggest dick in the world"
flooding the market with a particular currency/counterfeiting/overprinting with a particular currency will devalue that currency while draining the market of a particular currency will increase the value of that currency.
In a time of increasing change and uncertainty, we must be clear on what will not change to not get distracted.
Strategic Portfolio Management.
1. Periodic evaluation and prioritization of the entire innovation portfolio.
2. Strategic and priority-based resource allocation.
On a strategic level, portfolio and resource management must be fully aligned.
3. Release and exit of innovation initiatives.
About the authors.
Dr. Ralph-Christian Ohr has been working in several innovation, division and product management functions for international, technology-based companies. His interest is aimed at organizational and personal capabilities for high innovation performance. He authors the Integrative Innovation Blog.
The Biggest Mistakes in Managing a Portfolio.
The Biggest Mistakes in Financial Planning Series.
by Harvey Jacobson, CHFC, MBA, CLU.
Investors who have remained consistent with their risk profiles through volatile markets have seen a substantial recovery in their portfolios since March 2009. Those who are truly behind are those who panicked and are now left with the decision of how to recover their losses. They can, but it is a much slower recovery.
This article published originally April 13, 2010, Los Angeles Daily News.
Managing an agile portfolio.
When the right people on the right teams have the right context, they naturally do the right thing.
Set the right context.