iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Citi: Economic Sovereignty No Longer Resides in Europe or America, It Lives in Beijing

The head of Asian trading at Citi, Mohammed Apabhai is an insane man. He truly gets what is taking place in the world and I believe his mind has snapped trying to process all of it. Listen to every word this man says. If you’re unable understand what this means for markets, feel free to ask questions.

Look forward to currency wars that China will eventually win. No matter how much they devalue, no one is on the other side taking advantage of lower prices. Wow, that’s a statement. Lastly, the center of the global economic engine no longer belongs to the west. It has been ceded to Beijing.

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6 comments

  1. pyromonoxide

    Wow, that was a hell of a great rant. He hit economic geek maxima. It seems so obvious, a great leveling of currencies until we find balance … or a little war or two.

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  2. mx2101

    I think Mr. Apabhai’s comments are thoughtful and interesting. Funny how the host tries to make it more entertaining with the “showdown at the OK corral” and he summarily ignores her.

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    • scottbot

      that was a perfect display of how the fucking media makes everybody insane. Everything has to be a “versus.” The idiotic and the reasonable are put on a seesaw as if they are equivalent.

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  3. braveflaps

    What is so original about what he’s saying? It’s a currency war, a zero sum game. The Chinese already built a wall, and it will make their shit cheaper to buy.

    Except they are fucking assholes, and a yuuuuuuuge number of Americans and Europeans have either already bought all the shit the will ever need from the evil Chicoms, or they can’t afford it anyway (extra government cheese in five pound blocks).

    Mrs Flaps did just buy a new bed – very pleased to see it was a great deal, and built elsewhere in China. Fuck them and their super gay wall.

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  4. braveflaps

    Elsewhere in Asia goddamn it.

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  5. peso trader

    Transportation index getting hammered this morning

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