China Calls For New Currency - THIS IS HUGE

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As soon as Americans become poor, the rest of the world will become Dirt Poor.
America has the entrepreneurial laws, habits, patents, ideals, investors and attitude to retake the world #1 spot in less than 20 years. And this time, America will be stronger, as long as it bans the sale of Acai scams and Subprime loans.

If America becomes poor, China will lose 50% of it's jobs, India will lose 60% of it's outsourcing income. Russian cash reserves will disappear by then.
 


marcel said:
As soon as Americans become poor, the rest of the world will become Dirt Poor.
America has the entrepreneurial laws, habits, patents, ideals, investors and attitude to retake the world #1 spot in less than 20 years. And this time, America will be stronger, as long as it bans the sale of Acai scams and Subprime loans.

If America becomes poor, China will lose 50% of it's jobs, India will lose 60% of it's outsourcing income. Russian cash reserves will disappear by then.
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Can someone ban this ebook asshole please.
 
jdomaha said:
I really don't think that we'll instantly head to third-world-nation status if this happens, man.
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I guess that's where we differ. If the globe switches to a new reserve currency, all the nations that currently hold the dollar will dump them. This is a massive amount of dollars alone, however the introduction of so many back into our money supply will cause high inflation.

Best case, yes, prices of goods rise and the dollar's value worsens. Worst case, you'd need a wheelbarrow of cash to get a Big Mac at your local Mickey D's.
 
turbolapp said:
You know, fuck this shit.

I don't buy any of this crap and yet you still have me thinking ZOMG TEH CHINEEEZE ARE COMING!! It's like the fucking religious nuts and their stupid Apocalypse. It's bunch of malarkey bullshit, but yet it still gets to you sometimes.

Stupid Alarmists.
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You're like a optimistic skater who skates on dangerous thin ice on an iced pond. Thinking the ice is thick does not make the skater safer, nor make the ice thicker.
 
marcel said:
If America becomes poor, China will lose 50% of it's jobs, India will lose 60% of it's outsourcing income. Russian cash reserves will disappear by then.
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The Chinese is better off without the USA. Right now I see China as a slave to USA, exchanging products for useless currency, bloody pointless. USA is a parasite to China. Yes, initially jobs will be lost but then the Chinese will start manufacturing for their own country and will prosper.
 
marcel said:
wow, I got a -rep for stating my opinion on politics. awesome

We touched on the same topic in a MBA class and come to the same conclusion.
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NO fuckhead I minus repped you because you are an ebook cunt!

Nothing to do with your posts, you've been here since 2006 & you're promoting ebooks? GTFO
 
Yep it will be painful for USA. Have to start paying for oil etc using a real currency.
Look what happened to Iraq when they were going to lead the way to the arab world in selling oil in Euros, weapons of mass destruction were suddenly a hot topic!
 
Sohan said:
U.S. National Debt Clock
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There's still probably 15 country's with a higher national debt by percentage of their GDP. In 2007 we were at about 60%. Even Canada's was higher. We're probably up to about 78% now if you use 14trillion as the gdp number.. If the rest of the list stayed constant we'd still only be at 16.


1 Zimbabwe 218.20 2007 est.
2 Lebanon 186.60 2007 est.
3 Japan 170.00 2007 est.
4 Jamaica 126.50 2007 est.
5 Sudan 105.90 2007 est.
6 Egypt 105.80 2007 est.
7 Italy 104.00 2007 est.
8 Singapore 96.30 2007 est.
9 Seychelles 92.30 2007 est.
10 Greece 89.50 2007 est.

11 Sri Lanka 85.80 2007 est.
12 Belgium 84.60 2007 est.
13 Norway 83.10 2007 est.
14 Bhutan 81.40 2004
15 Israel 80.60 2007 est.
16 Cote d’Ivoire 75.20 2007 est.
17 Jordan 72.40 2007 est.
18 Morocco 67.40 2007 est.
19 Hungary 67.00 2007 est.
20 Germany 64.90 2007 est.
21 Uruguay 64.80 2007 est.
22 Canada 64.20 2007 est.
23 France 63.90 2007 est.
24 Portugal 63.60 2007 est.
25 Mauritius 63.10 2007 est.
26 Nicaragua 62.90 2007 est.
27 United States 60.80 2007 est.
28 Cyprus 59.60 2007 est.
29 Austria 59.10 2007 est.
30 Ghana 58.50 2007 est.
31 India 58.20 2007 est.
32 Argentina 56.10 2007 est.
33 Philippines 55.80 2007 est.
34 Tunisia 55.40 2007 est.
35 Panama 53.00 2007 est.
36 Colombia 52.80 2007 est.
37 Gabon 52.80 2007 est.
38 Albania 51.40 2007 est.
39 Malawi 50.60 2007 est.
40 Pakistan 50.60 2007 est.
41 Kenya 48.70 2007 est.
42 Croatia 47.80 2007 est.
43 Costa Rica 46.60 2007 est.
44 Aruba 46.30 2005
45 Bolivia 46.30 2007 est.
46 Netherlands 45.50 2007 est.
47 Brazil 45.10 2007 est.
48 Ethiopia 44.50 2007 est.
49 Switzerland 44.20 2007 est.
50 United Kingdom 43.60 2007 est.
 
clashctyrokr said:
lolcatsdotcom31rlfxe597v92q5h.jpg

12765
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I love this. This conveys exactly what I think these types of threads do.
 
clashctyrokr said:
lolcatsdotcom31rlfxe597v92q5h.jpg

12765
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Lol that's a pretty funny picture..

I'm not necessarily panicked though, and I don't want to panic others. I wrote 'THIS IS HUGE' because if it did happen, it would be a historical event that would fundamentally alter the balance of power. It would be huge, imho.

I do think its good to be aware of these possibilities and remain alert to the fact that they could happen.

Like I said, talk of a new reserve currency has been floated around for years, but never gotten anywhere. This, however, was the first time China's official government has ever publicly contemplated it.

In the end, I'd rather be vigilant and aware of what's going on than apathetic and uninvolved. If that's panic, guilty as charged.
 
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