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Haven't they been saying this for year and years and years? OR did I just experience a break in the Matrix
reply to post by therealguyfawkes
Wow. Now that they are stopping this practice, I wonder how long it will be until they flood the market with greenbacks causing hyperinflation? They are the largest foreign holder of debt too. Interesting. I wonder if they are going to allow the yuan to go where it should have years ago?
problem for china doing that is that like it or not, we're all connected, so in effect they can only move the pieces around the board, they have no way of doing anything else, unless they leave the game.
to raise the yuan, they would create havoc in their country, prices would skyrocket and their peoples would no longer be able to survive as they are. their goods would increase in price exponentially and would therefore not sell. all the global fiat based systems are linked together and can only change if the whole changes.
Right, but if they place themselves to transition as the world reserve currency, with all the infrastructure, all the industries, all the manufacturing, what choice would the world have? Sure prices would skyrocket, but with the US in hyperinflation people in China might be better off as a communist country with higher wages. Then the government of China would be better off to provide for their people...or they would send out their drone workers across the world using their new found wealth to go out and purchase more of the same listed in my above post.
If the US dollar devalued and the Yuan actually went to where it should be, that would qualify as the whole global fiat systems changing does it not?
it would only serve to shift this game board, it would not effect the system of debt based society. the shift away from debt based society is where we need to go and that will be the change in the system. when debt is no longer created out of thin air. if you and i and several other put our extra money together, we loaned it to each other on an as needed basis and we charged each other no interest, we essentially would have no interest based debt, which would free up a huge amount of resources.
i used to wonder as a kid, why doesn't everyone in the country put our money together and borrow from each other, instead of the govt.\fed? my mortgage will be double what i borrowed, i will have paid off two houses and made them rich. what if i could pay off one and donate extra to the fund? what if everyone only had one mortgage to pay off, the sheer amount of resources saved would be astronomical for houses alone, without supporting parasites as middlemen.
reply to post by OceanSpray
I'm starring that post as that is the way I have always thought things should be, considering I am one of the people you describe in that post.
Three years after China allowed the yuan to start trading in Hong Kong’s offshore market, banks and investors around the world are positioning themselves to get involved in what Nomura Holdings Inc. calls the biggest revolution in the $5.3 trillion currency market since the creation of the euro in 1999.
The swap deal will allow more trade and investment between the regions to be conducted in euros and yuan, without having to convert into another currency such as the U.S. dollar first, said Kathleen Brooks, a research director at FOREX.com. "It's a way of promoting European and Chinese trade, but not doing it with the U.S. dollar," said Brooks. "It's a bit like cutting out the middleman, all of a sudden there's potentially no U.S. dollar risk."
reply to post by superman2012
i can laugh at that image easily.
many monkeys walk the earth today but it is my belief that those who desire more from life will prevail. i have seen hope in the eyes of many i meet and i will not give up while i have the ability to walk this earth and i have a suspicion, neither will you my friend.