2011-10-01

Liu Jun Luo on Operation Twist & U.S. strategy

I have translated this shorter post from Mr. Liu. Note that for number 5, he is referring to QE1. The Fed extended the program with QE2, but it concluded at the end of June.
America's Operation Twist and Happy National Day
On September 9, 2011, America's central banker Bernanke started replacing U.S. short-term Treasuries with long-term ones, the market nicknamed it "Operation Twist." Today, no matter which market, the U.S. has already completed a perfect opening. In June 2010, I published "China's Kidnapped Economy", in which I pointed out after America completed its macro-strategy layout, the start of the dollar rally offensive would be signaled by:
1. Strengthen financial oversight
2. Start large scale debt issuance procedures
3. America's central bank replaces short-term Treasuries with long-term Treasuries
4. America's central bank stops mutual action with other central banks
5. America's central bank ends it's 1.3 trillion in purchases
6. American hedge funds short Japanese long-term government debt
Today just as I said, the third offensive signal is "America's central bank replaces short-term Treasuries with long-term Treasuries." Indeed, America is already too powerful, and in the rear of this formidable America , merely China's central bank sparing no effort to strike at inflation and China's media doing it's utmost to brainwash the Chinese people into madly buying gold.
This has already developed into a national disaster, our national catastrophe comes from ignorance, arrogance and discrimination.
Wish you a happy National holiday
Liu Jun Luo
October 1, 2010
美国的“扭曲操作”和国庆快乐
2011年9月21日,美国央行伯南克开始了用美国短期国债置换美国长期国债,市场也称之“扭曲操作”。今天,不论从任何市场来说美国已经完成了完美的布局。2010年6月本人出版的《被绑架的中国经济》一书中,指出美国完成宏观战略布局后,发动美元上涨的总攻信号是:
1.加强金融监管;
2.开动大规模发债程序;
3.美国财政部用短期国债大规模置换长期国债;
4.美国央行停止与其他央行货币互换行动;
5.美国央行1.3万亿美元购买结束;
6.美国对冲基金做空日本的长期政府债券。
今天正如本人第三条的总攻信号是“美国财政部用短期国债大规模置换长期国债”。的确美国已经太强大了,而美国这个强大的背后,只是中国央行奋力地反击中国通货膨胀和中国媒体拼命地洗脑中国民众疯狂购买黄金。
这已经演变成了我们的一场民族灾难,我们的这场民族灾难是来自于愚昧、自大和歧视。
祝国庆长假快乐
刘军洛
2011年10月1日

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