thanks Sliadon, made that much clearer , i just dont understand how that process would go through with all the chaos that could be going on in that time

if a civil war does break out and the banks start dropping like flies, i cant see why it would be a good idea.

But until then, ill keep myself debt free

Originally posted by SenorChili
ATS

Would it be wise to max out my credit cards and just start buying everything I need?

with the coming collapse of the dollar, would any debt would be completely erased and lost ?

I was wondering the same thing... but i guess if everyone did this it would be anarchy.

Originally posted by johnwayne
Fake, the first guy was talking about some home baked deserts and making some at home. Second guy talked about nothing about what video subtitle said.

Yes I speak fluent mandarin chinese.

[edit on 26-9-2009 by johnwayne]

ni hao?

I am going to try to email one of my old vendors and see if they can translate.

Only thing it's around 2 in the morning over there in Guangdong.

[edit on 26-9-2009 by lucentenigma]

Originally posted by really
This may or may not be true (obviously). We should also keep in mind that this is Chinese National Television. Why do you think they'd be more honest than our MSM? Just something to keep in mind.

I would not use the term 'honesty' or 'integrity' in the same sentence as 'U.S. mainstream media'. The terms are mutually exclusive.

What I know for sure is that you don't openly rob the treasury of a country that will remain a viable governing entity. The coming destruction of the currency is just another building block to the plan for the destruction of the US.

The sdr is not only a type of reserve note it is a weighted scale. You could say that currency will be SDR backed.

Instead of common forex statements such as Euro is trading at 1.50 US, you would say that the Euro has a SDR value of 1 and the USD has SDR value of .75 etc. Pardon my estimation lol.

The SDR will be a requirement. No international selling or buying with a member nation unless you are from a member nation. And most countries make their money by trading with would be member nations.

Both good and bad at the same time. Bad for the USD, no doubt, but good on real producers with undervalued currency. Especially good for intellectual property / piracy etc. Countries like China will lose value based on intellectual theft etc. There will be "global financial constitution/guiding principles/ethics laws" in place as part of signing on. Much like the WTO has.

Global financial cops. Bad and good, depending which side of the fence you are on at any given time.

Im calling hogwash aswell.Things like this take years to change,not in a few days,plus as far as i can see there is absolute no evidence for any of these assumptions.No doubt the dollar will be replaced as a reserve currency in the future.

Brits using SDR's as a currency within a few days what nonsense.

[edit on 26-9-2009 by Solomons]

Heres a babel fish translation of a popular chinese news website from today

President of China Hu Jintao on 25th warns the US, takes the world main reserve currency release country, when implements the domestic currency policy, should consider and be balanced it to our country economy and the world economics influence, maintains the international money market to be stable. This is following Chinese Premier Wen Jiabao in many public occasions, has after China the large amount US dollar property indicates worried, the Chinese supreme leaders once again express his concern. Attends G20 finance summit's Chinese Ministry of Foreign Affairs Vice-minister He Yafei along with Hu Jintao in Pittsburgh, when makes the explanation to Hu Jintao's conversation indicated that China worried the main reserve currency fluctuation can affect the economic growth, nibbles China foreign exchange assets the value. He Yafei pointed out that China to reserve currency stable worrying is very really. In recent years, China's foreign exchange reserve grew day by day, including many US dollar valuation properties. He indicated: “we worry these currencies the fluctuation, because this has the immediate influence to our property's value.” Hu Jintao on 25th makes the speech at the G20 summit, and appealed that various countries maintain the stimulation economical plan dynamics. He simultaneously appealed that the steadfast advancement international finance system reform, opposes and resists the multiform protectionism firmly. “the Wall Street Journal” pointed out that Hu Jintao about penetrates the enhancement domestic demand, to reduce to the export the dependence, reorganizes the economic development pattern the viewpoint, is consistent with the European Pama president's viewpoint. Hu Jintao indicated that inside and outside China adjusts positively needs the structure and the investment consumption pattern, realizes the speed and the structure, the quality, the benefit diligently in the economic development is unified. However he indicated that fundamentally speaking, the global economic unbalanced root is the north and south development serious is not balanced. Has developed the country to take the practical measure to increase to develops the national support. Accompanies Hu Jintao attending China country Development and Planning Commission external affairs Director Ma Xin to point out that the government large-scale involvement market, is in the financial crisis situation the non-conventional behavior, will have the involvement definitely to have the withdrawal, the key will be the opportunity question, when namely will withdraw well. Ma Xin said: “we thought that now discussed the withdrawal strategy is too early, because the world finance has not gone out crisis's shadow, American and Europe's economy still in downward, now will withdraw completely will possibly have the influence to people's confidence. May study the withdrawal the opportunity and the plan, simultaneously makes pays attention to the large-scale involvement the negative influence, prepares for which withdraws.”He indicated that China worried the withdrawal opportunity will grasp not well, possibly will create US dollar depreciation and the inflation. Hu Jintao on 25th travelled by the special plane to return to China in the afternoon.