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News & Current Events Discuss Chinese President: U.S. $ Based Market Is A Thing Of The Past at the General Forum; Originally Posted by MintJulep Definitely not good news. Read more: Hu: Dollar-Based System 'Product of the Past' - FoxNews.com Originally ...

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Old 08-06-2011, 08:54 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by MintJulep View Post
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Originally Posted by mlurp View Post
For some this was excepted. Yet for finding it and posting it. Now those two bowls of s*** are spilling over and we the people are in for a wild ride.
And it is mostly all down hill..
My was meant to go to MintJulep for posting this bit of important news.

And if they have their way it will be very important news. So try to remember the title
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Old 08-06-2011, 08:58 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by alan View Post
Here we go, China tells U.S. "good old days" of borrowing are over - Yahoo! News
snips,




China is not bluffing, they are continuing to lay the groundwork to replace the US dollar as a global currency. They want the yuan to be that replacement.
If you think the US has an economic mess right now go back and look what happened to England when the US Dollar replaced the Pound Sterling.
I never before thought of myself as particularly paranoid...but....the Chinese are masters at long term planning...do you suppose they've been working on this for some time?

As a nation we are so short sighted
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Old 08-06-2011, 09:11 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by cnredd View Post
Sing along with Mikeyy!...

This is sung to any song you feel like...

Ohhhhhhhhhhhhhhhh....

Nothing is Obama's fault; Messiah does no wrong
Everyone else is to blame; It's always the same old song
Barry, he is pure of soul; the rest are full of hate
Never mind the logic; facts will surely have to wait

Barry's bum,it smells so good; I can't take my nose away
It passes gas and sounds just like "The right's fault!" every day
I must reiterate the line; Obama's ass has spoken
Doesn't matter that his policies have all been broken
lmao! That was awesome.
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Old 08-06-2011, 09:14 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by saltwn View Post
Why do you watch this kind of anti-American commie crap?
Because we are intertwined with them, and we are putting ourselves at risk by staying that way. Refusing to watch what is unsettling may be easy for the mind, but it's a practice in ignoring the realities, and the realities are what we must deal with in the long run.
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Old 08-06-2011, 09:14 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by Mikeyy View Post
I don't always agree with Obama and I say so all the time. When it isn't his fault it just isn't. He said over and over again he was there to negotiate with. If some could get over the fact that he is the POTUS and live with that they might be able to work.
Seriously, I am mad at the tea party members of congress. Aren't you? Or let me ask it this way. Don't you think we missed the chance a a real deal?
The dems weren't going to cut anymore thaan they were forced too. If they were serious they would have voted for real cuts but instead they are claiming republicans want to kill people by cutting pending.

So which is it? Are they for spending cuts are do they think spending cuts will end up in everyone dying you can't have it both ways.
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Old 08-06-2011, 09:15 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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lmao! That was awesome.
it is...
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Old 08-06-2011, 09:16 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by lizzie View Post
I would be surprised if it happened that suddenly, but I expect a slow economic decline and increasing debt that can't be paid at some future date. At that time, I expect some of what we are seeing in Europe currently with social unrest and rioting.
Economist Jeffery Rogers Hummel makes a case for simply repudiating the government debt.

On his web site he has this Lysander Spooner quote: "This business of lending blood-money is one of the most thoroughly sordid, cold-blooded, and criminal that was ever carried on, to any considerable extent, among human beings. It is like lending money to slave traders, or to common robbers and pirates, to be repaid out of their plunder. And the men who loan money to governments, so called, for the purpose of enabling the latter to rob, enslave, and murder their people, are among the greatest villains that the world has ever seen. And they as much deserve to be hunted and killed (if they cannot otherwise be got rid of) as any slave traders, robbers, or pirates that ever lived."

Wow.

Repudiation would 1) eliminate the debt burden and 2) ensure that nobody would lend to the US for several generations. Both good things, in my mind.
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Old 08-06-2011, 09:22 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by Longshot View Post
Yes, similar to Kent State (I assume you mean Kent State), only worse.



I'm for eliminating all government borrowing altogether. Let the current taxpayers pay for the services they want and not enslave future generations. If we don't want to pay the taxes, then we shouldn't get the free stuff.
Im for doing a lot of things different. But gradually with a long term plan
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Old 08-06-2011, 09:23 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by Mikeyy View Post
Im for doing a lot of things different. But gradually with a long term plan
As long as we end up in the same place in the end.
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Old 08-06-2011, 09:36 PM
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Default Re: Chinese President: U.S. $ Based Market Is A Thing Of The Past

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Originally Posted by Coyote View Post
I never before thought of myself as particularly paranoid...but....the Chinese are masters at long term planning...do you suppose they've been working on this for some time?

As a nation we are so short sighted
Very much so, I would add Russia to the same list... As they like China do plan ahead.
And unlike America China maybe Russia has 5th generation fighters and missiles
that can take out a aircraft carrier.

Some do it under water going in a cavativation (or how ever it is spelled) bubble which can travel about 300 to 600 MPH. And no carrier can defeat these.

Both Nations keep quite about their best military equipment.. As we do till we use them, which we always find a way to do.

The only real secrets we have are in the airforce or navy and are still untested. And both of these Nations do have spys while we haven't done so well in that area, that is why the CIA had the U 2 and other high flying special aircraft built.

And unlike either nation we depend on our military satellites which other countries can mess with and all of our military communications are dead and the most important part is we lose our GPS systems.

They win without firing a shot at us on the ground. But I bet if they did one they would go for the throat..

And Coyote you got your thinking cap on tight...
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