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Trading Dollar for Chinese Currency?

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posted on Mar, 12 2010 @ 03:17 PM
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All the talk of the dollar bubble and imminent collapse of the dollar got me thinking. The USA has accused the Chinese of holding their currency value artificially lower on purpose. Would it be a good idea to trade dollars for Chinese currency to hang on to it for a bit?



posted on Mar, 12 2010 @ 03:25 PM
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i think that unless China wants to give up communism, then the USA shouldn't trade with them at all, all we have gotten is Lead in child toys and Poison in dog food,



posted on Mar, 12 2010 @ 03:41 PM
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Chinese currency and US currency are intrinsically intertwined these days.

You can not trade one for the other as a precaution against the collapse or demise of the other one. This is a trap.

The reality is, that there is a very good chance BOTH will crash together. Thus neither will be worth anything.

So if you are seeking to find a place for SAFE INVESTMENT, seek to invest in tangible resources.

Such as buying land. Or putting your $ into commodities such as metals, foods, or other raw materials.

Raw materials are always worth something, while paper or electronic money is only worth something in our minds (fantasy).

Therefore invest your wealth into tangible real world things. Like land or raw materials.

This way you can profit when currencies collapse. Also, due to the slow rise of inflation, your raw materials will produce large returns in the long run.

So consider the raw materials outlook perhaps, rather than simply dumping your US $ for Chinese Yuan.



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