China eff's the Dollar Bill!

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Old Mar 30, 2009 | 09:35 PM
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China eff's the Dollar Bill!

Preparing for the dollar bill collapse anyone?

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.
http://www.google.com/hostednews/ap/...NCIQQD978NTCG0
Old Mar 30, 2009 | 09:39 PM
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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.
Old Mar 30, 2009 | 09:51 PM
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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

Last edited by Turbo Rob; Mar 30, 2009 at 10:09 PM.
Old Mar 30, 2009 | 09:53 PM
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Originally Posted by brucelee
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.
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.
Old Mar 30, 2009 | 09:55 PM
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Originally Posted by iLoqin
Preparing for the dollar bill collapse anyone?
http://www.google.com/hostednews/ap/...NCIQQD978NTCG0
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?
Old Mar 30, 2009 | 10:07 PM
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this hurts my brain...did it fly over anyone else's head
Old Mar 30, 2009 | 10:09 PM
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Originally Posted by kYLEMtnCRUZr
this hurts my brain...did it fly over anyone else's head
What are you confused about?
Old Mar 30, 2009 | 10:12 PM
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the quote in OP lol
Old Mar 30, 2009 | 10:14 PM
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Amero. coming sooner than you think
Old Mar 30, 2009 | 10:36 PM
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Originally Posted by kYLEMtnCRUZr
the quote in OP lol
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...
Old Mar 30, 2009 | 11:19 PM
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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?

Originally Posted by brucelee
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.
Old Mar 31, 2009 | 12:31 AM
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Originally Posted by Turbo Rob
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?
What am I criticizing against? I wasn't criticizing anything. I posted the news because everyone else knows that printing multiple trillions and borrowing and consuming is just a death sentence of the dollar bill as we know it. More proof that the government is sinking the dollar (on purpose) to impose a new currency later on.

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
Old Mar 31, 2009 | 06:52 AM
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Originally Posted by Turbo Rob
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?
Oh, I'm sorry, I really should have been more clear with my post... This is NOT why I hate China, the whole communism thing is the first reason, and I don't feel like posting the 14,000 other reasons.


Old Mar 31, 2009 | 07:58 AM
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<sarcasm on> How dare those Chinese ***** try to use Chinese money. <sarcasm off>
Old Mar 31, 2009 | 08:01 AM
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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...



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