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China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings

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posted on Apr, 25 2011 @ 02:30 PM
The Titanic is already sinking in the water and so many on the poop deck are drinking and feasting like nothing is wrong....what they fail to see is the steerage passengers below fight for their lives.

It's coming, and coming hard. It's going to be interesting to hear what the Federal Reserve has to say in their historic press conference this week. Something tells me they are going to announce the halt of the printing of money, and when that happens watch out wall st. The crash will be coming.

So, everyone out there do what I have been doing for a while now and buy silver or gold, copper is also a great choice, and stock up on non-perishable food stuffs.

Preparing for the worst and hoping for the best isn't crazy its good sense.

posted on Apr, 25 2011 @ 02:56 PM

Originally posted by Eurisko2012

Originally posted by TraptInTheSystem
The spiral always down. Well this obviously isn't good but we have been seeing for awhile that America is fast becoming a liability. The dollar sucks, the economy sucks, unemployment is high, gas prices are rising, Debt is at an all time high and etc. The next few years are most likely gona suck.

But on the plus side Obama & Biden want to build some high speed choo choo trains!

Gross Debt to GDP 97.6%? Who cares??? Spend baby.....spend!

I starred you for the choo choo trains!

posted on Apr, 25 2011 @ 03:17 PM
reply to post by pstrron

Excellent points.. It is difficult to argue with the master, Cooper.. Still the reality is created as we go, quantum mechanics teaches us that there will be uncertainty to the outcome. Your writings take on a tinge of confidence where only odds and risk exist.

The outcome of this will likely not be what anyone expects. It will be the greatest show on earth... and we all have a front row seat..

posted on Apr, 25 2011 @ 05:05 PM
Let china do whatever it wants.

They will be shooting themselves in the foot.

The american companies will have to pull out of china because it will be too expensive to do business in chinese currency.

That will mean more factory jobs back here in the usa. Transportation across the ocean will be too costly with the price of oil going higher. It will be cheaper to just make things locally than globally.

Trading tariffs on chinese products will cause a glut on their markets and business will suffer for it.

It's a dumb move on their part IMO.

posted on Apr, 25 2011 @ 05:53 PM
Cool. And when they do that, we can put all sorts of lovely economic sanctions on them with their cards being severely depleted. The bottom line is that the U.S. is still a major factor in their exports and provides them with tons of jobs. Do they have the middle class to pick up the slack? I'm sort of hoping we'll find out soon.

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