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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.”
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.
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.
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.
Originally posted by Welshextremist
the nwo loses...
game over
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...
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.
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
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
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?????
Originally posted by burdman30ott6
China needs to shut their mouth or it will be shut for them.