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

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posted on Aug, 7 2011 @ 04:22 PM
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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






NWO = new WORLD order.




posted on Aug, 7 2011 @ 04:27 PM
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Originally posted 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.



Dangerous, very dangerous.

You don't think China has been building up their own support system as they watch the US crumble? Entirely too many people think that China relies on the US, when in fact it's quite the opposite. Ten years ago, the US could play hardball with China and win. Now, not so much.



posted on Aug, 7 2011 @ 04:39 PM
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reply to post by burdman30ott6
 


Originally posted 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.


I don't claim to be an expert in all things business, by any means. But I do know what I have seen from the inside of some very large companies. They have slowly worked themselves into a precarious position and have become dependent upon the availability of low priced asian produced goods.

The larger businesses are subject to the rules and demands of their buyers such as Walmart. They demand a specific profit margin plus a built in marketing allowance plus a markdown fund, etc. etc. For instance, a $2.00 MSRP item is sold to Walmart for about $0.45 (if its a good day). The company who made the item has to pay their employees and operating expenses. They also have to pay import costs. In order to make enough money to continue business they must make a specific profit margin as well. When all is said and done they must buy the item from the asian factory for about $0.15. This price (plus the demand for quick turn around time) determines the quality and materials of the product.

These companies have all based their entire business model upon the knowledge that this item can always be produced for $0.15 (or less). And the larger they become, the bigger the impact will be in the event of a sudden interruption in any part of their dependable product development chain.

And the whole machine is driven by the consumer demand for more variety and lower prices.

So, imagine what will happen if the $0.15 asian produced item is suddenly no longer available to the USA manufacturers. There is no way they can have that same item produced here in the USA for $0.15 at the flip of a switch. That same item will cost $0.85 to produce here. The ripple, of that sudden change, would be huge. And I don't mean only for the company in question. People will loose jobs, companies will go under, the supply chain will be interrupted. Its just like in nature, everything is connected to everything else.

Some of them have alternate factories where the item can be produced, but it is not meant for a total changeover of the entire product line. And it will not be at the same price. There is a reason why most of their goods are being produced in China, Thailand, and Korea.

These companies seem, on the outside, to be huge and perfect and wise mega-gods. But they are not. They are just people. You all would be shocked to see the inside workings of some of these large companies. They are not the well-oiled machines which they appear to be. Many of them are just one crisis away from total collapse.



posted on Aug, 7 2011 @ 04:39 PM
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Originally posted by MRedfield

Ten years ago, the US could play hardball with China and win. Now, not so much.


I'm not nearly sold on that. Go to any retail store and pick up 10 products....my guess is that 8 of 10 say "Made in China". When 8 of 10 say made in the USA, then where will China stands on a global economic level. Don't even act like there are other economies that they can sell their junked up, toxic, copyright infringed crap to. To this day, the US consumer props up China's economy.
edit on 7-8-2011 by Aggie Man because: (no reason given)



posted on Aug, 7 2011 @ 04:42 PM
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we fall so does china

people think made in china but the truth is china was made in the usa.

and the us hasnt been a superpower since reagan



posted on Aug, 7 2011 @ 04:59 PM
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The next G-20 summit is is in London Novemeber 2011. Watch out then. We will know what the next currency will be then.



posted on Aug, 7 2011 @ 05:02 PM
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Originally posted 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.

Only if it were so simple, China can do just fine without Walmart but sure they would like the business.
Remember that rubberized sub that popped up between a US Carrier and its protectors a couple of years ago?
It was in the Persian Gulf just off Iran and it made me laugh big time.
This happened just after China warned the US to lay the ##### of of Iran,
Heads rolled and that Aircraft Carrier was toast if they decided to sink it.
When is the last time you heard or read the MSM beating the war drums about Iran since that episode?
I am not here to knock the USA at all actually we have many friends from the States as we live on the Boarder here.
But you people have got to grasp the situation as it is now.
The party is over and you cannot afford one more war than you have now without people actually starving to death.
Regards, Iwinder



posted on Aug, 7 2011 @ 05:10 PM
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Well we'll all heard this before but this time it just might happen and I wouldnt blame them. We havent recovered from 2008 yet. This will get very bad. I hope there isnt a run on the banks tomorrow and also hope China doesnt cash in their treasuries!



posted on Aug, 7 2011 @ 05:17 PM
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reply to post by silent thunder
 


China is doing its best to assist in the further decline of the US by making comments like this. What appears on the surface as responsible chastixing of the US is in fact another direct attack on our currency.

China just doesnt get it.. People still have more faith in the US than they do in China when it comes to stability.

China is having internal money issues as well, and since they are always hiding that information when their collapse happens its going to be a thunderclap out of the blue. I think China is doing its best to push the US aside in an effort to take that position in an effort to stave off their own disaster.

China think sit can just step in and no one will question their actions. They still have a ways to go when it comes to product safety. Theyhave a ways to go for its domestic sales to replace international sales due to lost markets.

The US will have a tough go for sometime, but its exactly what we needed to get the ball rolling to fix our own house.



posted on Aug, 7 2011 @ 05:21 PM
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reply to post by idunno12
 


You're looking at it wrong. What I'm talking about is full blown US protectionism. That ship hasn't sailed. It would cause some pain, but ultimately the situation we are now facing will cause far more pain. Either the feds tax the hell out of imports and, in doing so, rebuild the demand for a domestic production base... or they continue status quo with foreigners manufacturing all of our goods and tax the hell out of an unemployed nation of workers domestically.



posted on Aug, 7 2011 @ 05:23 PM
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reply to post by burdman30ott6
 


Congress has alrady had heated debates in the past wit reards to China and its trade practices. The loss of MFN status as well as protectionist tarriffs ahve all been rejected by China for whatever reason they like to give at the time.

If China refuses to play by the same WTO rules everyone else plays with, then I say we tax em.

The EU also has pending legal action against China for the same stunts in their economic zone as well.

I say we treat Chin a as an adult and see how well they deal.



posted on Aug, 7 2011 @ 05:24 PM
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Originally posted by Iwinder
The party is over and you cannot afford one more war than you have now without people actually starving to death.


Agreed. We'd have to trade our 2001 mint condition Afghanistan War card, our 2002 mint condition Iraq War card, and our 2011 Lybian War ookie card for the 2011 Gem Mint 10 China War special issue card.... but you have to break some eggs to make an omelet.

Don't kid yourself. The US, if pushed on the issue, would whip the daylights of of China in a war. That will remain the fact of the matter so long as the US doesn't do something immensely stupid like strip their military down or purposely level themselves versus the rest of the playing field.



posted on Aug, 7 2011 @ 05:33 PM
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Go China!

Sure, they're no 'shining light' but they're no worse than the U.S.A.....(waits)....


"Even the most resourceful housewife cannot create miracles from a rice less pantry." (Source)



posted on Aug, 7 2011 @ 05:36 PM
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Originally posted by burdman30ott6
reply to post by idunno12
 


You're looking at it wrong. What I'm talking about is full blown US protectionism. That ship hasn't sailed. It would cause some pain, but ultimately the situation we are now facing will cause far more pain. Either the feds tax the hell out of imports and, in doing so, rebuild the demand for a domestic production base... or they continue status quo with foreigners manufacturing all of our goods and tax the hell out of an unemployed nation of workers domestically.


I see, now, what you are saying.


I totally agree. It will be an extremely painful change and I agree that the only way it will start to happen is if the companies and consumers are forced to change the way they play.

Your view is a long term view rather than a short sighted "every man for himself" view, and one which I wish our leaders and our businessmen would adopt.

As a side note...I wonder if we could ever go back to, or support, more self-sufficiency and community based barter and trade.



posted on Aug, 7 2011 @ 05:40 PM
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reply to post by burdman30ott6
 




The US, if pushed on the issue, would whip the daylights of of China in a war.


If the US pushed the issue it will have to face more than just China. The whole world is involved in the global economy and getting annoyed with the games going on.



posted on Aug, 7 2011 @ 05:45 PM
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reply to post by kwakakev
 


And the world is annoyed with China and its meddeling in the global markets. China has pending lawsuits / trade complaints filed against them by the WTO for unfair trade praices and for refusing to comply with WTO guidelines.

Currency manipulation....
Using unfair trade practices IE rare earth metals and price gouging / leverage.

People are pissed at the US.... China is in the same category..

Now that the US is going to be forcede to deal with intrnal issues, the world can deal with China and see how that turns out.

I give it a year before Chinas house of cards come crashing down around them. Local provinices in debt to the tune of half a trillion dollars that China attempted to hide that moodys caught. Currency manipulation, abuse of WTO...



posted on Aug, 7 2011 @ 05:46 PM
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Also of possible interest

RT: Basket of currencies and gold may substitute for US dollar
In the wake of Standard & Poor's dropping America's ranking to AA+, Greencrest Capital senior analyst Max Wolff says this is just the beginning of more serious trouble for the US. ­“I do think this sets up… an environment in which symbolically, politically and economically the United States’ leadership of the global economy has another kind of strike against it,” he told RT. “It does reduce people’s confidence… People get scared, they run away from riskier assets...Eventually, Wolff concluded, a basket of currencies, along with some gold, may become a temporary substitute for the position occupied by the US dollar since World War II.

RT: Banks bulldozing towns across America
If something is giving you a hard time, there is one surefire American way to solve your problems: knock it straight to the ground. That’s the plan that Bank of America and a number of other financial institutions have been initiating lately. And the victims? Hundreds of foreclosed homes from coast-to-coast. With more and more homes being foreclosed, real estate specialists are showing worry that never-ending housing transactions could greatly diminish prices. It’s the logic behind the rules of supply and demand and it has bankers running scared. That’s why BofA and others are solving this problem by taking a wrecking ball to the wretched abodes...

See also:
CNN: Reactions to the downgrade from around the world



posted on Aug, 7 2011 @ 05:46 PM
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Originally posted by burdman30ott6

Originally posted by Iwinder
The party is over and you cannot afford one more war than you have now without people actually starving to death.


Agreed. We'd have to trade our 2001 mint condition Afghanistan War card, our 2002 mint condition Iraq War card, and our 2011 Lybian War ookie card for the 2011 Gem Mint 10 China War special issue card.... but you have to break some eggs to make an omelet.

Don't kid yourself. The US, if pushed on the issue, would whip the daylights of of China in a war. That will remain the fact of the matter so long as the US doesn't do something immensely stupid like strip their military down or purposely level themselves versus the rest of the playing field.

Actually I think most of the world is wishing just that ( Strip down the US Military) I think these freeking wars are sick and it is getting tiresome for most of the planet.
The US has been in perpetual war since World War 2 for sure if not earlier.
Your problems now are a direct result of having thousands of military bases around the globe and the logistics of supplying them and paying the soldiers.
I am not kidding myself here at all, why is Iran intact still? Because China and Russia have already made it clear if you #### with Iran your dead.
We did do the tariff thing with the US over our supposed bad beef after we refused to go to war in Iraq.
We taxed the hell out of our softwood lumber for your "all you can build boom" It rattled a few chains but not enough to get our beef exports approved again.
Next step was to hint ....hint I say that maybe our Oil is not good enough for a invading regime to consume.
Bingo two weeks later our beef was miraculously good enough for the States.
Oil talks and where are the bulk of the US forces now?
Michale Rupert comes to mind here, His book "Crossing the Rubicon" Is a must read and everything he predicted back then is happening right now as I type this.
Regards, Iwinder



posted on Aug, 7 2011 @ 05:51 PM
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So will China also own all our ultra top secret black tech? Or has it already been bought by the elite for a greater purpose?



posted on Aug, 7 2011 @ 05:55 PM
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Originally posted by DJM8507
So will China also own all our ultra top secret black tech? Or has it already been bought by the elite for a greater purpose?

I recall reading a thread here on ATS a year or so ago that China actually produces the micro chips that are installed in the American fighters (air craft)
I could be wrong about the facts but I am sure I read a thread on that.
Regards, iwinder





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