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Time to learn Chinese, New 1 world currency in the works????

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    #1

    Time to learn Chinese, New 1 world currency in the works????

    Now we all know we have been devaluing our currency to the brink of solvency. We all have been over the quantitative easing and and the ills that brings with it.

    Well it seems that we may really be past the point of no return, and we are owned in whole by China. Seems Turbo tax Fed Reserve chairman let some thing slip.

    Originally posted by article
    US backing for world currency stuns markets
    US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

    The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.

    "The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation," he said.

    Mr Geithner later qualified his remarks, insisting that the dollar would remain the "world's dominant reserve currency ... for a long period of time" but the seeds of doubt have been sown.

    The markets appear baffled by the confused statements emanating from Washington. President Barack Obama told a new conference hours earlier that there was no threat to the reserve status of the dollar.

    "I don't believe that there is a need for a global currency. The reason the dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world," he said.

    US backing for world currency stuns markets
    http://www.telegraph.co.uk/finance/economics/5050407/US-backing-for-world-currency-stuns-markets.html
    US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.


    Really WTF is this administration doing, get ready to grab your ass

    Discuss
    Last edited by mrsleeve; 03-17-2011, 04:25 PM.
    Originally posted by Fusion
    If a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
    The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de Tocqueville


    The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken

    Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
    William Pitt-
    Tags: None
    #2
    these fuckers ought to be gutted like a fish for fucking around with their faith based policies for so long. I would sacrifice all of them in a heart beat

    Comment

      #3
      I say buy metals, not gold and silver either

      Lead and brass
      Originally posted by Fusion
      If a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
      The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de Tocqueville


      The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken

      Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
      William Pitt-

      Comment

        #4
        Just wait till Japan (2nd largest holder of US Treasuries) starts dumping its US bond holdings on the open market to help pay to rebuild. As well as Pimco last week removing all of its US Bonds from its portfolio. Pimco is the largest private bond holder in the world.

        If you think times are bad, it's only coming. Food prices are about to skyrocket. The United States is about hit a point of no return.


        Brass and Lead!

        http://www.thetradingarcade.com/bonds/the-world%E2%80%99s-top-bond-fund-has-dumped-us-government-debt/
        Build your own dreams, or someone else will hire you to build theirs!

        Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.

        Comment

          #5
          we're fucked. definitly shouldnt have read this.
          sigpic

          Comment

            #6
            Originally posted by xwill112x View Post
            we're fucked. definitly shouldnt have read this.


            Dont worry though the Bible is a fairytale!
            Build your own dreams, or someone else will hire you to build theirs!

            Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.

            Comment

              #7
              Dub you have a good source for .308. Everyone I know of is sold out up here I need more lead and brass ;)
              Originally posted by Fusion
              If a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
              The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de Tocqueville


              The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken

              Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
              William Pitt-

              Comment

                #8
                ammoman.com is about the best you can go....
                Build your own dreams, or someone else will hire you to build theirs!

                Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.

                Comment

                  #9
                  Originally posted by Vedubin01 View Post
                  Just wait till Japan (2nd largest holder of US Treasuries) starts dumping its US bond holdings on the open market to help pay to rebuild. As well as Pimco last week removing all of its US Bonds from its portfolio. Pimco is the largest private bond holder in the world.

                  If you think times are bad, it's only coming. Food prices are about to skyrocket. The United States is about hit a point of no return.


                  Brass and Lead!

                  http://www.thetradingarcade.com/bond...vernment-debt/
                  thats just the beginning, all it takes is just one large bond holder to dump and the rest will follow. in the financial industry we are already bracing for the worse.

                  Comment

                    #10
                    I really do not need to be reading all of this...
                    sigpic

                    Comment

                      #11
                      Yall Gonna Learn Chinese

                      - YouTube
                      http://www.youtube.com/watch?v=v9YYfEFTrgY
                      Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

                      Comment

                        #12
                        Originally posted by bmwstephen View Post
                        thats just the beginning, all it takes is just one large bond holder to dump and the rest will follow. in the financial industry we are already bracing for the worse.
                        I know, that is really a entire other thread in and of it self, but this shit with turbo tax really threw me off the deep end
                        Originally posted by Fusion
                        If a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
                        The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de Tocqueville


                        The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken

                        Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
                        William Pitt-

                        Comment

                          #13
                          And you know all this is just adding fuel to the 2012 crap.... gawd...

                          out dated sig is out dated

                          Comment

                            #14
                            Originally posted by AbeSonic View Post
                            And you know all this is just adding fuel to the 2012 crap.... gawd...
                            Really ............................... Come on fer srs Really ???
                            Originally posted by Fusion
                            If a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
                            The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de Tocqueville


                            The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken

                            Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
                            William Pitt-

                            Comment

                              #15
                              Its a currency, its a trade off. Importing gets expensive but then american goods become price-competitive on a global market. People keep bitching about how there are no manufacturing jobs, a falling dollar would revive the US steel industry all by itself.

                              In the short term it would hurt like a bitch because we have shipped EVERYTHING overseas but it would come home as "american made" wouldnt cost 3x as much.
                              Im now E30less.
                              sigpic

                              Comment

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