China is preparing itself for the collapse of the US Dollar

Discussion in 'Media' started by hvactec, Jan 18, 2012.

  1. hvactec
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    hvactec VIP Member

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    [ame=http://www.youtube.com/watch?v=4R5QHBMVTVk]Keiser Report: China continues buying gold before US Dollar collapse (17Jan12) - YouTube[/ame]
     
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  2. Mr. H.
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    Mr. H. Diamond Member

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    Geithner is concerned with China's rediculously undervalued currency.
     
  3. TakeAStepBack
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    TakeAStepBack Gold Member

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    Price to Buy Gold "Faces Resistance at $1667", IMF Seeks BRIC Funds, New Crisis "Could Engulf Banks on Both Sides of Atlantic" - 18 January 2012

     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I guess that's why Obama's been saying he needs one more term to "finish the job "
     
  5. TakeAStepBack
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    TakeAStepBack Gold Member

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    As the worlds reserve currency, it is rather unlikely that the dollar will fail any time soon in this race to the bottom. It will drag down a large chunk of the world economy with it, should that happen.

    What is more likely, is a loss in the reserve status, another credit downgrade and the slow descent out of the world spotlight as a "super power". Britain suffered a similar fate many moons ago. It's the ebb and flow of artificial wealth creation.

    Obama, Bush, Clinton, Reagan, etc.....pick your poison. They all have raised national debt, ran deficits and created devaluating policies (and it doesn't stop there...it goes back a long way).
     

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