China Announces It Is About To Blast America Into Zimbabwe

Originally posted by superman2012
Isn't the American dollar only backed by about 2 cents of gold for every dollar out there!? You can't keep devaluated your currency by printing more! I realize that no currency is fully backed by gold, the last one was the Swiss Franc...and that wasn't even close to being current. This had to happen sooner or later, just wondering who would have the balls to call the US out. Watch out for war China.

I weak dollar helps us

Look...(obama voice) let's make this clear. The yuan is undervauled. The dollar is still overvalued. This has caused an all time high trade deficit with China.

When the U.S. spends $5 on imports from China and China only wants to spend $3 on imports from the U.S., China has $2 sitting around that it can't use to purchase goods in China since China's currency is the yuan. Therefore it has two choices, sell the dollar for the yuan, which decreases the value of the dollar, or purchase U.S. securities, most often treasury bonds. Since treasury bonds are in essence loans to the U.S. government, the trade deficit and the trading partners of the U.S. fund the national debt

Overall we are at -10% GDP. Either the yuan needs to get stronger (china won't let that happen) or the dollar needs to get weaker. Obama cannot announce such a thing because the market would crash. Wall street likes a strong dollar. The stock market isn't based on anything real per say but its all speculation and confidence in the dollar. The dollar was at 80 cents when Clinton was in office because of the Presidents before him...Reagan and Bush Sr.. Obama needs to spend more (print more) and devaule the dollar slowly.

What the US needs is produce is more exports...alternative energy maybe. China is a dirty place and could use it...we need to export them that technology asap.

reply to post by TrueGrit


About that....

You know who's really to blame, the American Public
You allowed the Bush Dynasty to start 3 Wars, You voted for the Bush Dynasty 4 Times
You bought houses, cars you could not afford, and the Banks allowed you to
You keep buying V8 cars
You keep buying SUV's with V8's even though you have no real use for them
You Bought Chineese Crap, killing off Locally made goods

Hey do you know what happens when foreign currencies appreciate? People start shifting their purchases to cheaper, domestic products. Isn't this a good thing? Or do we just like to look for the negative in everything?

reply to post by mnemeth1


So when this doesn't happen, I assume that the OP will return to ATS to say "Hey guys, i was wrong again"

doom & gloomers are a scary scary breed.

Will you, OP, admit when you're wrong?

reply to post by PrimePorkchop


thats how people get 4000 stars, they come on here and try and scare us all.

In all honesty my dad's a pretty savvy business man and he's been preaching about this china monopoly problem for a long time, It's true that if they stop exporting to us we are screwed. But i'm not going to hold my breath just yet, I think china still has a long way to go before they take over the world

Originally posted by skeptic_al
reply to post by TrueGrit

 

About that....

You know who's really to blame, the American Public

You Bought Chineese Crap, killing off Locally made goods

and what other "crap" were we to buy. Incase you didn't notice there is a lack of production of the necessary goods around here. And don't be fooled by companies like Apple that say designed in California, but then in the fine print its made by Foxcon in China

I'm sure if I came to your house I'd find all sorts of "made in china" tags

don't try and act like you didn't help this market, everyone is a consumer. I bet the computer your using wasn't made by you so where'd you get it.

hypocrites

iconic products no longer made in the USA

Read the link i bet you'll be shocked at some of these products. Do you own a cell phone because it wasn't made here, nor was any of your silverware

GummB

reply to post by eLPresidente


No, he's right. China makes absolute garbage. I bought a gas powered water pump from Harbor Freight (Chinese reverse engineered Honda), and bought the 2 year extended warranty. Just tonight, I took my 6th or 7th one back. They run okay for about 2 to 3 months, then they self destruct. I got a friend who's gone through well over 20 of them. If I had bought a good Briggs and Stratton or Honda pump, I'd still have the same one. And don't get me started about products from Wal-Mart. Zippers snap in a week, they just fall apart. CHINESE PRODUCTS SUCK. You get what you pay for.

reply to post by 27jd


my point is that china has taken over production of the goods we used to produce, and that is where our problem stands.

reply to post by GummB


Well, whoever buys the goods are gonna get real tired of the terrible quality of them and eventually realize sometimes it's worth it to pay a little bit more for quality and dependability.

I believe they are purposely dropping the US dollar value so that it brings it a great opportunity for a one world currency.

The US dollar is the world's reserve currency, when you can purposely make that drop(which they have), you allow the opportunity to make a one world currency, since of course you are the power behind the worlds currency.

Two things to fulfill the NWO agenda.

World War III, and a one world currency by economic crash.

The tactic that has worked for 9/11 is you purposely cause a disaster, make the people beg for a solution, and then give them a solution, which is always planned ahead of time.

So with 9/11 we had the twin tower attacks. People wanted security, so this allowed Bush to do a lot of things, the most obvious two being the patriot act and of course going to war in the ME.

Now we see with the US dollar, make it purposely drop, people beg for a solution because of the poor living conditions, and then give them a solution(one world currency?).

Originally posted by Agit8dChop

Originally posted by DragonTattooz
I dare you to go find one thing the Chinese do better than the US

Manage their economy?
Not allow their Corporations to hijack the government?

Pretty critical things is you ask me.

I said "manipulate their economy"... There is a difference between managing and manipulating. They manipulate.

Not allow corporations to hijack their government? Are you freaking kidding me? The corporations have more power there than they do here! Why do you think the corporations pay nothing towards the things that make it expensive to do business here? Like wages and employee safety measures...

You China leghumpers make me sick. Not only are you leghumpers, but you are clueless leghumpers.

Originally posted by eLPresidente

Originally posted by DragonTattooz

Originally posted by smurfy
reply to post by donatellanator

 

quote by donatellanator,

"Everyone is so fearful of China and most have no confidence in America even though we do manufacture a great deal of goods here! They are of higher quality and because of that more expensive, BUT SAVE YOUR MONEY and this means nothing. We also are one of the biggest countries landwise (horizontally)... Since we have more horizontal space instead of vertical we can produce an abundance of crops in mass quantities in many states. China also has this advantage, but is nowhere near the producer we are in big ag."

What do you mean by higher quality and what goods are you talking about? if you mean a same article like a B&S lawnmower motor, there is most likely little difference in quality and durability, the American product however is more costly to make because of regulation and higher labour cost, not on a quality basis. The regulations however are a good thing, as long as they are abided by, the labour cost is an economic equation.

The sheer number of utterly clueless people on this site is staggering. China makes garbage. Look at ANY competing American vs Chinese product and the American product is better. I dare you to go find one thing the Chinese do better than the US...well, except violate human rights, steal technology, and manipulate their economy. The Chinese haven't had an original idea since the Ming Dynasty.

LOL to call others clueless and continue on your little ignorant rant was too ridiculous. Get your facts straight.

"ignorant" would imply that I don't know what I'm talking about. Instead of making a meaningless remark, show me where I'm wrong.

reply to post by GummB


Don't shoot I'm only the Messenger

Of course there's tons of made in china crap everywhere in the House
All the 'Lectronics is either made in Taiwan or Chine, all cloths made in China.

Manufacturing is Probably less than the US.
The difference is in My country, Employment not as crazy as the US
We don't have JP Morgan providing Food Stamps.
And our Financial System is "not as" corrupt as the US, however our
Politicians are.
We don't buy what we can't afford.
We are not the Reserve Currency

There isn't a single thing that got the US to where it is today.
But just like a Train Wreck, a series of Failures leading to it eventually coming of the rails. It's not off the rails yet, it's more like a car heading towards the Grand Canyon at 100MPH, but it's Ok because Bernake has Fixed the Brakes. When it gets to 100ft from the Edge Bernake plans to Light the Rockets to speed it up and make it Jump the Abyss.

Found this old article, but it is still ringing true
January 11, 2011

Chinese regulators early last month increased the number of exporters that can use yuan to settle international transactions from a few hundred to nearly 70,000. Some analysts have predicted that it will be only a few years before 20% to 30% of China's $2.3 (€1.8) trillion of imports could be conducted in yuan rather than US dollars. Today, less than 1% is done in yuan, according to Standard Chartered.

How True, this is what is about to happen, and we'll see how far the U.S. will go to stop it


Future of the yuan

Wow people are really believing in this crap lol, oh no china will own us lol, cant wait to see the millions or poor chinese farmers and factory workers start there revolution, the chinese army is 8 million strong, how will they stop the 1 billion people fed up of the lies there told.

But heck where in the america bashing years, too bad people bnelieve in that garbage and get scared of lies fed by the oh so nice and non bias news..

ehhehe

thanks again for another non story, with a funny title.

no stars and no flags for ya buddy boy eheheh

reply to post by mnemeth1


If true, couldn't this re-open US domestic manufacturing of goods? If imported crap is too expensive, and outsourcing becomes too expensive, those processes and jobs will come back home to roost.

Originally posted by 27jd
reply to post by GummB

 

Well, whoever buys the goods are gonna get real tired of the terrible quality of them and eventually realize sometimes it's worth it to pay a little bit more for quality and dependability.

Not likely.

Chinese goods are cheap and they do the job for most people. Professionals will want better stuff, but the Chinese goods suffice for many.

The Chinese have made it easier for the poorest Americans to obtain the items they want but previously could not afford.