Originally posted by Cobra.EXE
now all your morons that think the democrats, obama, or your stupid bailouts will save us now have no other choice but to eat their own words of BULL####!
its about time the brainwashed masses wake up from this mess.edit on 24-11-2010 by Cobra.EXE because: spelling error
Originally posted by FlySolo
Looking for some financial advice here. Gold? or Yuan? I know China likes to manipulate their currency to keep it low for import/export purposes but eventually there has to be a line.
So, which is it? Gold or Yuan?
Originally posted by projectvxn
The only thing the People's Bank of China is talking about right now is raising RMB reserve requirements by .5 percentage points. If the US dollar had actually been renounced we'd know, trust me.
What they are talking about is allowing the ruble to trade into RMB (Yuan) creating a bilateral trade agreement. This is no different than what happens between any two peaceful neighbors. The only way China and Russia will be able to challenge the dollar is if they started chewing away on the reserves of country after country that use dollars and buying them up with a more robust RMB.
I smell oil deals, and more BRIC activity coming in the next few months and years. The US dollar will be inflating pretty badly by then. Other nations dropping their reserves of USD, leading to a renunciation is not out of the question, but that is not what China is doing with this particular policy move.edit on 24-11-2010 by projectvxn because: (no reason given)edit on 24-11-2010 by projectvxn because: (no reason given)
If you buy now you are getting in pretty late for the party (imo) and betting that the US and world economies are going to crash further.
Originally posted by Danbones
and how will the debt holders deal with the fraud...?
thats were it will become very dangerous for the peeps left holding the bag...
Originally posted by Azp420
reply to post by hawkiye
Anyone with any experience in the markets knows there is no such thing as a sure thing. What fundamentals are you basing your mathematics on?
If you truly believe it is a sure thing then why not get leveraged up to your eyeballs and make millions?edit on 24-11-2010 by Azp420 because: (no reason given)