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originally posted by: elysiumfire
Go Russia! Go China! Go the BRICS countries!
originally posted by: crazyewok
Except do that and the USA will NEVER be able to borrow of anyone EVER again. The US would be a liability to lenders
Your USD will devalue too the value of my turds.
You and china both have each other by the balls, it economic mutaly asured destruction.:
originally posted by: Phage
a reply to: Telos
Do you really think you know more than the most brilliant economists of two of the most distinct countries on Earth? Seriously????
Do you actually think that China wants to ruin the US economy? Seriously???
The deal between China and Russia will have no effect on the dollar. It may carry some symbolic significance but that's it. The majority of international trade in both countries is in dollars.
I think you are part of that american mentality that no one else but americans are great,
originally posted by: borntowatch
It will effect the US as 90 billion US dollars will flood the market
It will be a surplus on an already jittery market
The US $ will devalue, just watch
What do you think this story is about, nothing?
Do you think Russia and China are just doing this for fun, no plan or outcome devised.
originally posted by: np6888
Honestly, I don't know why you would put sanctions on Russia in the first place. The Russians have enough nukes to destroy the world 7 times over, so no amount of sanctions is going to weaken them. People keep saying that the Russians annexed Crimea, but the fact is 97% voted to join the Russians. Granted, the Russians' army were there, but even if they weren't, the spirit of the vote would probably be 70%.
IMO, the reason that Putin has to deal with China is because he has no other clients, and he has a lot of oil to sell off.
originally posted by: GAOTU789
I agree, any of this requires China to loosen the reigns on the Yuan and how it's valued. At this point, they don't have to do that but at some point, when the Chinese feel it is most advantageous to them and their allies, they will do it, I have no doubt about that.
If the United States loses the dollar as the currency used to trade oil in, the status as the worlds reserve currency won't be far behind.
The thing is, the Chinese see things in the long term. They are an ancient country and culture and waiting decades for a plan to come to fruition isn't out of their scope of patience. This type of economic warfare takes decades imo and the Chinese have the patience to wait it out, again imo.
There is a reason why the UFOs decided to hand the nukes over to the U.S, instead of the Chinese.
CHINA. We need to bomb them back to the 1950s. Seize all the US based assets, cancel the debt, and leave them to the wolves.
Do you actually believe this BS?
This is just as clear as pick a political party, but the players are all the same.
In other news, US markets seem fine. Dollar is up a bit at the moment.
originally posted by: Phage
a reply to: MessageforAll
"We won't be signing," Mao Zefeng told the FT. "At the moment the import price and the domestic price are inverted. We are already losing money on imported gas, and we can't lose more."
originally posted by: Meee32
originally posted by: lostbook
Well if the Dollar really is about to tank then this might be the perfect time to start using Bitcoin. It's unregulated but I'm not sure if it has any international appeal.
Are you for real? Lmao... Do you think Bitcoin is american? LOL... Its a worldwide open source currency... The chinese loves thier coins too btw... International appeal! Hahahha
EDIT: Besides Bitcoin might not be your best bet, coins like Netcoin (internet, net, netcoin, better name than bitcoin?) are 100's of times cheaper and so a LOT less risky! You may even strike it rich.