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"Chinese yuan set to replace dollar"

"Beijing has launched the experiment of using the yuan as a reserve currency in relations with 8 countries. Chinese exporters are asking to charge in yuan instead of dollars, because the U.S. currency is losing value. But China needs to revise its model of development, too much inspired by eighteenth century mercantilism..."

"But Asia now understands that the increase of money supply decreases the intrinsic value of a currency. That is why China is seeking a possible and rational attempt to decouple Asian currencies from the dollar, as recent news stories report."


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What if the world uses the Yen . . .

Would this mean the world and the USA would be manipulated by another type of "fed" in China? You know,same old thing, as China carts away coal and cement from ameircan mountain tops?

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

Thanks for the link. Also

Thanks for the link.

Also check this site out, bounce around and read some of the more current articles he has done also. I think he does a good job tracking this stuff and then putting it together for others to read easily.




good posts deserve bumps


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Strike 'intrinsic' from that sentence

But Asia now understands that the increase of money supply decreases the intrinsic value of a currency

Strike 'intrinsic' from that sentence, since rags have ZERO intrinsic value.


It's Simple

They will default on Treasuries or at least stop interest payments. It would be a shock but we could get our house in order and run surpluses, if the G stops spending money. Not gonna happen.

Sheldon Waxman

This really is big news, so

This really is big news, so I wonder why we didn't hear it reported. I'm not one given to conspiracy theories or anything like that (however, no offense to those who do believe such things), but I honestly can't help but wonder if the government leaned heavily on media outlets not to report this.

not that is is a conspiracy, but...

“… it would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government …” - David Rockefeller in Baden-Baden, Germany 1991, thanking major media for keeping secret for decades the movement of the prophetic one world government.

Explore this is further detail here:

Hate to attempt to move you from your comfort zone (well, actually I realize you will probably disregard this information and stay in your comfort zone) but "conspiracy" is now a very effective post-hypnotic trigger word. Most people cannot think "conspiracy" without automatically thinking "crazy" and "theory." Carefully examine all three words, and see if you really are having a problem with the notion that there are conspiracies (which are by definition, a group of two or more people working toward a goal shielded from public view - do you really think that does NOT happen?) Or perhaps is your problem with theories, because human nature prefers facts. This is also a problem, as without being willing to examine theories, facts are elusive and we are subject to grasp for easy explanations that seem factual. And last, there is the word you left untyped, but it was there. No one wants to be "crazy" now, do they?

Hang on and let go... There are conspiracies, it is a fact not a theory, and only crazy people continue to behave as if there are not and expect a different outcome for our world.

Truth exists, and it deserves to be cherished.

Lisa, thanks for posting this article.

Please keep sending us articles from your side of the world! We're hungry for news.

Not a problem, Qwerk.


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Ron Paul "Sign Wave Across the USA" -- November 5th!

The Banksters have set us up for a massive collapse of the doll.

Do you think this is a set up for total control of our lives? I believe they have just totally screwed up and don't know what to do. Throw it all to wall and see what sticks, while Rome burns, the democrats and republicans play tiddly winks with each other.

Jesus said, "Be generous. Get yourselves a bank that can't
go bankrupt, a bank in heaven far from bankrobbers, safe
from embezzlers, a bank you can bank on.”
Luke 12: 33 (Message)


Waiting for War Drums

On the other hand, China is no Iraq. The Imperium may be coming to a sooner close than we anticipated.

The Freedom Formula: Au + Ag + Cu + Pb

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a novel of another america

China's economy could suffer a wholesale collapse

Exports, which still represent two-fifths of the Chinese economy, are already sinking fast. And the domestic economy, much of which depends directly or indirectly on the revenues flowing from exports, is also beginning to sink.

Warning signs are everywhere: Stocks, down 60% just in the last 12 months; imports, down 17.9% in November alone; foreign investments to China, off 36.5% last year.

In response, the government has slashed interest rates and pledged a $582 billion stimulus package. But that's mere pocket change compared to China's trillions in vulnerable exports. Moreover, it has done little to help millions of small- and medium-sized businesses which are already shutting down and laying off millions.

A big problem: 45% of the Chinese government bailout is earmarked for the cement and housing industry. Meanwhile, cash-flow problems are sweeping through the entire economy, downing airlines, manufacturers and property companies.

Airlines like China Southern and China Eastern, for example, have been losing money hand over fist. China's auto sales are plunging. Its shipbuilding industry is in a tailspin. And its real estate market is collapsing.

Next, expect surging unemployment ... mass reverse migrations from urban centers to the countryside ... spreading popular unrest ... and a major challenge to authority. Chinese leaders have already admitted that an economic downturn would test their ability to govern.

What do you think happens next if China's Economy collapses?

They have this mighty military now with no wars on it hands. We will see soon unless things turn around in the next 6 months or so.


The Great Wall

Faces North.

I wonder if they are going to

back it with silver before or after the dollar collapses.

Thanks, Lisa. Great post.

"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."

From what I understand, they've been buying quite a bit of gold.

Good to hear from you, Sir.

Hope you enjoyed your time with your goddaughter.


This space is for rent.

Ron Paul "Sign Wave Across the USA" -- November 5th!

Busted transmission and a head cold

so, I'm still here; but yeah, it has been a lot of fun.

"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."

What kind of car do you have????

Please let me know, that is the business we are in dear...

Sorry you're not feeling well.

Get well soon 'cause I miss ya.


This space is for rent.

Ron Paul "Sign Wave Across the USA" -- November 5th!

Thanks, I miss you too.

I should be able to devote more time to the DP in a week or so.

"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."

Michael Nystrom's picture

Buddy, take care.

Buddy, take care.

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

I knew this would happen sooner, or later...

China is not a country we want to mess with, especially in a war situation. Unfortunately, our country has done way too much meddling, and now we have most of our troops trying to locate ghosts in the middle east. The time is right for China to make their stand on earth. Their army far out-does ours for sure, they know that the economic problems that the U.S. faces will cause the Americans to stop spending so much, and buying their garbage. This is a way for them to back their currency with something of value, and I believe it will be gold, or some precious metal. Our dollar will die if this happens, and all those dollars will come home to roost, and the hyperinflation will begin. China is already working with the new Iraqi government on oil development and other projects. China has been working with Russia, and Iran for quite a while on different trades, especially oil. Iran has already stop accepting the U.S. dollar for oil, Russia, and China will soon follow suit. Folks it is going to get ugly if our government does not change their monetary, and foreign policies ASAP, but unfortunately, we all know that will not happen, so please be prepared, and try not to be afraid. Fear can be very paralyzing, and will do you no good. Let's hope for the best, but be prepared for the worse case scenario okay. Unfortunately, this one act from China will be the wake up call America needs...unfortunately, it will be too late, and very hard for most if it does happen. Hmmm..maybe Israel is keeping the media busy with the whole Gaza situation this information about China is not in the news, or even talked about in the business/news arenas, just a thought?

Ditto here ..except my sister

tells me I need to get off the internet and listen to the "real news" which in her mind is NPR radio!! lol!

"Thomas Jefferson is rolling in his grave fast enough to be a new source of energy independence."~ samthurston


"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd


what happens if we stop buying the products from China. There currency will be worthless also

Not at all. Their currency

Not at all. Their currency will do just fine w/o our consumption. Their country is big enough to produce and consume domestically.

Their country has such a strong manufacturing base, that they'll be one of the few countries able to produce things during the global slowdown.

I'm highly considering converting some of my dollars into Chinese Yuan.

Do you know someone who cares a lot about the Israeli people? Send them this link that explains why Ron Paul's message is better for Israelis, Americans, and the world. www.AmericansForIsrael.com

sean57 I agree with you...

You are absolutely right about China's manufacturing capabilities....goods from China are currently being bought from Venezula to Russia, and it will continue, and grow. I do know if China drops the dollar and starts using another form of currency they will be trading more, and more with other countries. Our government, along with Israel, and most of the European countries have left themselves out for failure. I believe there is something big coming, and I believe it will happen before fall of 2009. Some of you may be thinking I am off my rocker, and I sound like chicken little, but so did Ron Paul. Please, if you have any sense of what is going on prepare yourselves, if you have not already. The first couple of months of Obama's Presidency will look great, but that will collapse real fast, he is no different than any of the others in Washington, but I know most of you here already know that. Just wait until the food crisis hits, and he is on the TV telling all the folks that are looting, or trying to steal food to stop, it will be the L.A. Riots, but it will be 1000 times worse, and there will be no Rodney King getting hauled off, it will be mostly Americans that are just trying to get food on the table to feed their kids. I am not trying to be an alarmist, all I ask is that you all be prepared, things are going to get worse before they get better.

Michael Nystrom's picture

Yowza. It is happening


It is happening people. Right before our very eyes.

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

Peter Schiff and Jim Rogers

are getting out of US dollars for a reason. Well, there you have it.


I remember

seeing that. Very interesting this will throw a wrench in the FED wheel.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Nah...they are doing exactly what has been planned...

Remember Bernanke has stated he will not let deflation occur, and he will not, we will have hyperinflation before you know it if China does this.