China eff's the Dollar Bill!
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China eff's the Dollar Bill!
Preparing for the dollar bill collapse anyone?
http://www.google.com/hostednews/ap/...NCIQQD978NTCG0
BUENOS AIRES, Argentina (AP) — Argentina and China have tentatively agreed to swap $10 billion worth of their currencies to enable South America's second-largest economy to avoid using dollars in trade between the nations, banking officials said Monday.
The swap would help Argentina by eliminating intermediate administrative steps required to exchange Argentine pesos for dollars and by shoring up liquidity in an indebted nation.
The swap would help Argentina by eliminating intermediate administrative steps required to exchange Argentine pesos for dollars and by shoring up liquidity in an indebted nation.
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China can go suck a fat one... Stupid communism!
Seriously, the Chinese government needs to die in a fire.
I have nothing against the people of China, only it's communistic douchbaggery.
Seriously, the Chinese government needs to die in a fire.
I have nothing against the people of China, only it's communistic douchbaggery.
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You two have good ideas, but you get caught up in so much BS.
The U.N. came out and said this first.
U.N. says Ditch the Dollar
http://www.reuters.com/article/newsO...52H2CY20090318
China says Ditch the Dollar and have the IMF set something up
http://hosted.ap.org/dynamic/stories...MPLATE=DEFAULT
This makes sense from an international standpoint. Why would they want to support money that is worth nothing?
Read about the Bretton Woods system
Once you actually understand this, you will be able to understand why world leaders are wary of the dollar.
BTW Russia came out and said they want to move back to "a form of the gold standard".
http://www.telegraph.co.uk/finance/f...al-crisis.html
(just for fun)
EU president criticized for vocally objecting to the U.S. stimulus.. calling it "Road to Hell"
http://www.nytimes.com/2009/03/26/wo...zech.html?_r=2
The U.N. came out and said this first.
U.N. says Ditch the Dollar
http://www.reuters.com/article/newsO...52H2CY20090318
China says Ditch the Dollar and have the IMF set something up
http://hosted.ap.org/dynamic/stories...MPLATE=DEFAULT
This makes sense from an international standpoint. Why would they want to support money that is worth nothing?
Read about the Bretton Woods system
Once you actually understand this, you will be able to understand why world leaders are wary of the dollar.
BTW Russia came out and said they want to move back to "a form of the gold standard".
http://www.telegraph.co.uk/finance/f...al-crisis.html
(just for fun)
EU president criticized for vocally objecting to the U.S. stimulus.. calling it "Road to Hell"
http://www.nytimes.com/2009/03/26/wo...zech.html?_r=2
Last edited by Turbo Rob; Mar 30, 2009 at 10:09 PM.
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Don't hate on China for having BILLIONS of dollars in investments in the U.S. economy and wanting to be apart of a sustainable global economy. Whether or not YOU agree with having a global economy, the world leaders want a global economy, so with the falling of the dollar, we are seeing the end of America as a hegemony.
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Preparing for the dollar bill collapse anyone?
http://www.google.com/hostednews/ap/...NCIQQD978NTCG0
http://www.google.com/hostednews/ap/...NCIQQD978NTCG0
China: Here, we give you Argentina our money, you give us your money.
Argentina: Okay, ty, now it won't be hard to change pesos to dollars
China can go suck a fat one... Stupid communism!
Seriously, the Chinese government needs to die in a fire.
As bad as China is made to look, we actually owe hella money to them...
Argentina: Okay, ty, now it won't be hard to change pesos to dollars
China can go suck a fat one... Stupid communism!
Seriously, the Chinese government needs to die in a fire.
What did you expect them to do when the dollar is worthless? What exactly did you think would happen when we print a few extra trillion dollars?
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Fox News attacked China over this the other day, but like I posted... the U.N. said it first! Why didn't the news agencies tell you that? So they can convince you that China is the big bad commies? HA. You should be criticizing the IMF. Do you even know anything about the IMF?
China is going to benefit (not in the beginning because they need to absorb all the stupid US bonds they bought) but ultimately they will pwn us later on economically. They have factories, savings, infrastructure, machines, people who are still pumping and producing... and the US... isn't producing **** but over priced stuff (which is why Walmart has a billion things made in China).
Here is a simple example of how this looks like... 7 people are stranded on an island. They need to assign duties to live on the island.
6 of the people stranded are asian
1 is an American
First asian is assigned finding berries
Second asian is assigned chopping wood
Third is assigned catching fish
etc...
The American is assigned eating the big feast at the end of the day.
At the end of the day, they gather around and the American eats the meal.
He doesn't eat it all, he saves crumbs for the asians so they can get up and work the next day for the next meal.
A moderate economist says, "Well America is vital for the whole island economy. Without him nobody would have to fish, hunt, gather firewood, etc. He's going to end up creating whole unemployment on the island."
The REALITY is... every asian on that island would have a dramatically improved life, if they just kicked the American off the island. Now they would have a lot more to eat or maybe they would not have to spend so much time hunting and more time relaxing and having fun.
-Peter Schiff
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Fox News attacked China over this the other day, but like I posted... the U.N. said it first! Why didn't the news agencies tell you that? So they can convince you that China is the big bad commies? HA. You should be criticizing the IMF. Do you even know anything about the IMF?
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I'd be surprised if China's money was even real... Probably comes with the infamous "made in China" sticker on each bill.
I know the money actually is made in China, but I'm referring to the money made in the wrong part of China.
The one with a bunch of typos and is laced with a bunch of poison...
I know the money actually is made in China, but I'm referring to the money made in the wrong part of China.
The one with a bunch of typos and is laced with a bunch of poison...


