Originally posted by threewisemonkeys
reply to post by LittleBlackEagle
As pointed out, it's been speculation for quite some time. Was it Subramanian and Kessler in The Economist who speculated that the Yuan would have overtaken the USD by 2035 or there abouts? Perhaps that time frame is a little too long for the Chinese, and switching to a gold standard may speed up the process, and the demise of the US as a superpower. America, a broke homeless sichophant selling nukes to third world countries in order to scrape together enough spare change to buy a loaf of bread from a chinaman. Would be quite funny really.
edit on 24-1-2013 by threewisemonkeys because: (no reason given)
Originally posted by teslahowitzer
My question is why would china change the game? They make millions of low quality trinkets and products, most not worth the price, the reason their junk is cheap is their currency manipulation practices. Their market is the US, we buy their junk in droves, so why would you destroy your best market and how do you keep your billions of slaves in jobs? What would their people do and who would buy it? China would not invade the US as that is just insane, how do you transport millions of troops to the target? Millions of armed and pissed Americans on their soil is no picnic. Mutually asured destruction has no gain. A collapsed dollar means their currency is more valuable, therefore would cost more for the same junk that was not worth what it cost before the balance offset. This is a lose-lose situation for the Chinese and they know it. The only thing they gain is a population decrease, as do we, no winner here, so why increase your currency value in this situation? This is the real reason our worthless lying theiving clowns in Washington play their little game, they know China will not cut the legs off the food producers of this planet, So they play, and play.
Originally posted by unityemissions
Russia and China both have limited debt and massive savings compared to the US.
Pushing forward with a gold-backed Yuan means the US has to get creative to stay on top of their game.
I don't know how they can pull it off, but hopefully western think-tanks have prepared for this move, and have an ace up their sleeve.
Something which could sway influence back to the west would be mining the moon for H3. If we could back the dollar with reserves in H3, that would trump gold.
You can't power your nation off of gold, directly. You can with H3.
Originally posted by stuntmanbob
So this is why Germany wanted its gold back?
King World News is pleased to break the news first in the world for our global readers that the World Gold Council has now confirmed the Chinese are going to back the yuan with gold.
he second thing I want to make KWN readers aware of is the report which was commissioned by the World Gold Council. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold. This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency.
And is this why China and North Korea are talking of WW3 the last few days?
China is sitting on a huge amount of gold. By backing the Yuan with gold they will force nations to seek the return of their gold from the US who obviously doesnt have it. China is going to expose the US Federal Government for its lies in front of the whole world.
We saw what the west did to Gaddafi after he tried to introduce a Gold backed African Dinar. but China is no Libya. Doesnt seem like the USD has long left now.edit on 24-1-2013 by stuntmanbob because: (no reason given)
Originally posted by Krazysh0t
reply to post by miniatus
So China is just a powder keg waiting to explode. Yet this isn't good for the world markets either. We all know that what happens to one country economically ultimately effects the rest of them. Especially looking at China as a rising superpower. Once the bubble pops, China will come look to cash in on the debt that the US owes them since they'll be broke again. Obviously the US will be unable to pay and things will escalate from there. Just another card in the giant house of cards that is our world economy.
Originally posted by unityemissions
reply to post by Krazysh0t
We won't pay China back. Problem solved.
As for the world economy tanking IF China bursts, meh... we'll just revamp our industrial output to make up for the loss.
Remember, we essentially exported our junk to the world. This happened with debt, and pollution. China took both as bait.
So we cleaned up our air quality a bit, and now can afford to screw it up a little until cleaner production/energy methods are utilized.
Problem solved, until another is yet created. Oh the humanity.
Originally posted by fireyaguns
America will never go to war with China; the US is only interested in attacking the defenceless.
America only wars with counties it can steal from. Russia will defeat America on US SOIL with the help of a few Arab countries. China will finish it.
The US has its day numbered and we the whole world know it.