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China Devalues dollar by 30%(But protects U.S. treasuries)

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posted on Jan, 26 2011 @ 07:39 AM
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reply to post by chocise
 


The petro dollar is what gives the USA much of it's power...they will not be giving it up anytime soon and will take extreme measures to make sure of that, plus the EU is going to crumble over the coming years...it was pretty much inevitable when you have so many countries using the same currency yet have different economies and financial status, Germany especially is getting a bit fed up having to foot the bill all the time, and being worse off for it.




posted on Jan, 26 2011 @ 07:57 AM
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QE and inflation are the reason for the devaluation of U$D. It appears to be a deliberate and purposeful process which has been occurring since the insertion of the illegal fed into the US money supply system some one hundred years ago..
Before the U$ admittedly caused the installation of chairman Mao.

China is riding the wave created by the banksters for the banksters.

But focus on the Chinese guy thinking about how to commit suicide on the coffe break he is anticipating next month...
I'm sure he hates everyones' freedoms.



 
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