Dollar to Be 'Discarded' by World: China Rating Agency, page 1

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Topic started on 7-8-2011 @ 01:36 PM by silent thunder

Dollar to Be 'Discarded' by World: China Rating Agency

www.cnbc.com

In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.”...

...The United States "should get a clear understanding that the continuous decline of the debt service capability will inevitably result in the outbreak of a sovereign debt crisis.”

(visit the link for the full news article)

reply posted on 7-8-2011 @ 01:36 PM by silent thunder

The inflammatory rhetoric coming out of China is heating up. Only yesterday, China told the US that the "good old days" of borrowing were over. Hot on the heels of this unprecedented insult comes even stronger commentary.

What are we to make of this escalating war of words coming from Beijing? is it orchestrated for a purpose that is not what it seems on the surface? Or is it simply an eruption of anger? Keep in mind that China, like everywhere else, is not a unified power bloc internally, and that different internal players are trying to wrangle the situation for domestic reasons.

www.cnbc.com
(visit the link for the full news article)

edit on 8/7/11 by silent thunder because: (no reason given)

reply posted on 7-8-2011 @ 01:40 PM by Welshextremist

the nwo loses...

game over

fatality

flawless victory

you win

bing bing bing bing bing!

now give me a gold yuan!

reply posted on 7-8-2011 @ 01:43 PM by operation mindcrime

reply to post by silent thunder

Big words, that's all it is.

China needs America as much as America needs China. This game will continue for some time I'm sure...

Peace

reply posted on 7-8-2011 @ 01:45 PM by silent thunder

It is also worth noting in connection that the world finance leaders have been furiously consulting this weekend...

See for example:
www.cnbc.com...

Global Policymakers Discuss Debt Crisis, Market Turmoil

Global policymakers held an emergency conference call on Sunday to discuss the twin debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession. After a week that saw $2.5 trillion wiped off global stock markets, political leaders are under mounting pressure to reassure investors that Western governments have both the will and ability to reduce their huge and growing public debt loads.

South Korea said finance deputies from the Group of 20 major economies discussed the European debt crisis and U.S. sovereign rating downgrade on Sunday morning in Asian time zones. A Japanese government source said finance leaders from the Group of Seven big developed economies would also discuss the crisis and may issue a statement afterwards, although the timing of such a call was unclear.

reply posted on 7-8-2011 @ 01:45 PM by Fractured.Facade

When will the world realize that the USA has been defeated by an enemy that never needed military supremacy, and never needed to fire a single weapon?

Once the USA is isolated in its decline China will execute their plans to destroy any possibility of recovery for the new FORMER global leader and super-power.

If you set aside your opinions on China for a moment, you have to admire the pure brilliance in their decades long plan to destroy the USA and China's rise to be the new supreme global economic power.

They can talk bold all they want, there isn't a damned thing the USA can, or will do about it now.

It's all over but the crying, someone start passing around the tissues now.

edit on 7-8-2011 by Fractured.Facade because: (no reason given)

reply posted on 7-8-2011 @ 01:47 PM by professornurbs

Originally posted by Fractured.Facade

Once the USA is isolated in its decline China will execute it's plans to destroy any possibility of recovery for the new FORMER global leader and super-power.

I dont believe we are a Super Power I believe we are a Hyper Power.

reply posted on 7-8-2011 @ 01:48 PM by vermonster

Project America has finally come to a close.

The Banking House of Rothschild aka The Federal Reserve (Paul Warburg a Rothschild agent drafted the Federal Reserve Act which was signed into law on December 23 1913) Has systematically looted the peoples money over the last century.

China this, China that.

Think the London Connection (Rothschild) doesn't exist in China?

Rothschild Banks Operate Worldwide Including Beijing, Hong Kong, & Shaghai

reply posted on 7-8-2011 @ 01:50 PM by wcitizen

Originally posted by Fractured.Facade
When will the world realize that the USA has been defeated by an enemy that never needed military supremacy, and never needed to fire a single weapon?

Once the USA is isolated in its decline China will execute it's plans to destroy any possibility of recovery for the new FORMER global leader and super-power.

If you set aside your opinions on China for a moment, you have to admire the pure brilliance in their decades long plan to destroy the USA and China's rise to be the new supreme global economic power.

They can talk bold all they want, there isn't a damned thing the USA can, or will do about it now.

It's all over but the crying, someone start passing around the tissues now.

Or let's go dance in the streets....not sure what this means yet. If it is the demise of the NWO that's the best thing that has happened in centuries. As usual we are being kept in the dark about the facts, we're only here to pay the bills and keep the elite in their luxury lifestyles.

As the world economy disintegrates, Obama lvishly parties to celebrate his 50th, and Cameron is on holiday on a £10'000 a week holiday home. No worries for them, if things start getting a bit short they'll just increase taxes.

reply posted on 7-8-2011 @ 01:50 PM by vermonster

Originally posted by Welshextremist
the nwo loses...

game over

this couldn't be farther from the truth

reply posted on 7-8-2011 @ 01:51 PM by burdman30ott6

Well then, the answer here is painfully obvious. Monday morning, enact the largest tarriffs on Chinese produced goods entering the US ever seen. I'm talking about hundreds of percetage points worth of import tarrifs. We'll see how Big Red feels about the US dollar when they're suddenly seeing scarcely any of them feeding their country anymore.

For the third time in the past 2 days, China needs to shut their mouth or it will be shut for them.

reply posted on 7-8-2011 @ 01:53 PM by Fractured.Facade

Originally posted by operation mindcrime
reply to post by silent thunder

Big words, that's all it is.

China needs America as much as America needs China. This game will continue for some time I'm sure...

Don't fool yourself, China's rise in economic power is directly related to the economic decline in the USA, ownership of US debt, and absorbing much of the US manufacturing and business.

You have to realize that there is a whole world out there, other than the USA.

Redistribution of wealth and power, that is what is happening here, and China has been the top benefactor in this, next to India, and other nations.

reply posted on 7-8-2011 @ 01:53 PM by Blaine91555

reply to post by silent thunder

Just want to point out that China's Debt Rating is far lower than ours, even after the change? Important point I think.

China's power is highly overrated, over reported and rife with propaganda. This is just more propaganda.

reply posted on 7-8-2011 @ 01:54 PM by Welshextremist

reply to post by vermonster

ALL empires die the same way, why would it change this time round?

the nwo has lost because they couldnt be bothered to balance their books

unlike the USA and my shytty country, china wont bomb everyone into submission for influence

reply posted on 7-8-2011 @ 01:54 PM by vermonster

Originally posted by burdman30ott6

For the third time in the past 2 days, China needs to shut their mouth or it will be shut for them.

sure pal

china takes it's orders from the same bank the usa does

rothschild

reply posted on 7-8-2011 @ 01:58 PM by liejunkie01

Originally posted by Welshextremist
reply to post by vermonster

ALL empires die the same way, why would it change this time round?

the nwo has lost because they couldnt be bothered to balance their books

unlike the USA and my shytty country, china wont bomb everyone into submission for influence

I just want to chime in that I feel your politics is a little out of touch with the real world.........

That is all I have to say.

reply posted on 7-8-2011 @ 01:59 PM by Blaine91555

Originally posted by operation mindcrime
reply to post by silent thunder

Big words, that's all it is.

China needs America as much as America needs China. This game will continue for some time I'm sure...

Peace

Absolutely right. We stop buying, they go down. It is that simple. We saw this same nonsense to do with Japan at one time. Remember when Reagan brought Japan to it's knees in just a few days? Same thing here.

China is sitting on a huge Bubble itself and it will burst at some point. Overbuilding, overdevelopment and total disregard for quality or the environment will put them through a financial downfall way worse than we are living through. Half their citizens already live on under $2 a day. China is being highly overrated.

reply posted on 7-8-2011 @ 02:00 PM by Druid42

Wow, a link coming in from a MSM website! Think they have the world's attention, aye?

News articles like that circulate quickly. Not good news at all. That article will create all sorts of economic backlash, if the other countries of the world follow suit. Exactly how much clout does China have?

Guess we'll find that out.

(Looks like Hillary is gonna be busy this week!)

reply posted on 7-8-2011 @ 02:02 PM by AllUrChips

Originally posted by Fractured.Facade
When will the world realize that the USA has been defeated by an enemy that never needed military supremacy, and never needed to fire a single weapon?

Once the USA is isolated in its decline China will execute it's plans to destroy any possibility of recovery for the new FORMER global leader and super-power.

If you set aside your opinions on China for a moment, you have to admire the pure brilliance in their decades long plan to destroy the USA and China's rise to be the new supreme global economic power.

They can talk bold all they want, there isn't a damned thing the USA can, or will do about it now.

It's all over but the crying, someone start passing around the tissues now.

well im pretty sure chinas money wont be that valuable after the first couple of nukes wipeout a few cities including beijing. Sorry to break it to ya but the reason we have no money is we have built the worlds largest arsenal and we did not build it for nothing. keep runnin your mouth china you cant even take care of your billions of people so what now?????? huh?????