Poke that dollar with a fork, it is DONE
Submitted by paul4won on Wed, 10/29/2008 - 05:58
The November summit in Washington could produce some unwelcome surprises which were hinted at by Thailand's Deputy Prime Minister, Olarn Chaipravat, who told Bloomberg News: ,
"The message of this initiative is for China to consider whether or not China would open up its banking system and allow the strongest currency in the world, which is the Chinese yuan, to be the rightful and anointed convertible currency of the world."
http://marketoracle.co.uk/Article7018.html
Can you say " no more hegemony?" Now, can you say it in Madarin or Cantonese? I feel like a complete tool, I went and learned Spanish... well, tried to.
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DON'T poke anything with a
DON'T poke anything with a fork!!!!
We can't afford to be having any other bubbles popping these days!
:-)
...
I just read today that russia and china
have agreed to stop trading in dollars.
http://en.rian.ru/russia/20081028/117991229.html
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !
Where did you read that they
Where did you read that they agreed to stop trading in dollars? The linked article was merely a suggestion by Putin to China. It doesnt mention whether or not the Chinese will go through with it.
Will Chinas' yuan be able to survive if noone is
importing from them anymore? Well, their exports won't drop off completely, but they may drop considerably. I wonder......
Your "conscience" is the measure of the honesty of your selfishness. ~Author Unknown
~Your perception becomes your reality~
Gold
If I were China and I understood how the US used the Bretton Woods semi-gold standard to force the dollar on the world and later profit enormously from inflating it, I would be trying to position my country to issue the new global currecny when the dollar fails. China has vast gold reserves. With the stroke of a pen, they could turn the Yuan into the world's only gold-backed currency. China also holds something close to $2 trillion in reserves. So China could simultaneously put the dollar on the ropes and expand its gold reserves by using its two trillion dollars to buy gold. Then, with the dollar staggering from inflation induced by China's dumping of dollars, it could back the Yuan with gold. And voila! China is the new banker of the world and the dollar is toilet paper. And we are screwed. Unless, of course, you bought gold.
November 15th will be THE DAY...
Watch for Nov 15th to be the day China "busts a move" on the dollar.
Why?
Why November 15?
spanish will come in handy
to talk to foreign troops patrolling the streets. You could also pick up french for all the canadians.
http://killfiat.blogspot.com/
http://killfiat.blogspot.com/