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Old 07-08-2016, 06:08 PM
 
Location: Los Angeles
14,361 posts, read 9,782,455 times
Reputation: 6663

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Quote:
Originally Posted by irspow View Post
Imagine? Russia and China have now amassed enough bullion to make their fiat currencies real currencies. They use their own international banking transfer system separate from the SWIFT system used by all the fiat currency countries. There is no doubt that they wish to replace the magic green toilet paper as the standard as quickly as they can. And then we are toast...
YEP!

On top of that they are undermining the SWIFT system which has been used to punish bad players in the world. Now those countries, such as NK and Iran can simply use China's system.

We are witnessing the end of the petrodollar, and the beginning of a concerted effort to take the west down. Of course, a WW will result which is what the globalists want anyway.
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Old 07-08-2016, 06:12 PM
 
79,913 posts, read 44,161,983 times
Reputation: 17209
This isn't the reason for the vote but I've long said that Russia and China would gang up to knock down the dollar.

This idea isn't something new.
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Old 07-08-2016, 06:18 PM
 
Location: ATX-HOU
10,216 posts, read 8,113,448 times
Reputation: 2037
Quote:
Originally Posted by WaldoKitty View Post
Are you kidding yet again? According to their last census, 1 out of every 6 Chinese is under 14, and their largest demographic is the 25-29 age group.
No. They are right. China, S. Korea, and Japan all will start losing population sooner than later.
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Old 07-08-2016, 06:21 PM
 
Location: ATX-HOU
10,216 posts, read 8,113,448 times
Reputation: 2037
Quote:
Originally Posted by irspow View Post
Imagine? Russia and China have now amassed enough bullion to make their fiat currencies real currencies.
That's not true and they would be smart enough to not tie their currency to a precious metal.

Quote:
They use their own international banking transfer system separate from the SWIFT system used by all the fiat currency countries. There is no doubt that they wish to replace the magic green toilet paper as the standard as quickly as they can. And then we are toast...
Have you ever considered that China doesn't want to stop undervaluing their currency? Which has the affect of making their exports cheaper to the world?
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Old 07-08-2016, 06:24 PM
 
Location: ATX-HOU
10,216 posts, read 8,113,448 times
Reputation: 2037
Quote:
Originally Posted by pknopp View Post
This isn't the reason for the vote but I've long said that Russia and China would gang up to knock down the dollar.

This idea isn't something new.
It's just much tougher to do than you and others think. China and Russia haven't proven to be stable economic countries in the modern world and still have ways to go.
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Old 07-08-2016, 06:31 PM
 
79,913 posts, read 44,161,983 times
Reputation: 17209
Quote:
Originally Posted by dv1033 View Post
It's just much tougher to do than you and others think. China and Russia haven't proven to be stable economic countries in the modern world and still have ways to go.
NOBODY said it would be easy. NOBODY.

China has never been interested in instant gratification.
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Old 07-08-2016, 06:37 PM
 
Location: ATX-HOU
10,216 posts, read 8,113,448 times
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Quote:
Originally Posted by pknopp View Post
NOBODY said it would be easy. NOBODY.
Well the OP, and his SovereignInvestor "economic blog" seems to think it's well underway.

But if you haven't noticed City Data is pretty bullish on the "America is on the brink of destruction/collapse".

Quote:
China has never been interested in instant gratification.
Sure they have. They completely destroyed their environment (even putting aside climate change) in order to achieve rapid industrialization. They massively and quickly built up their country's infrastructure in the matter of 2 decades. It's quite impressive what China was able to accomplish in about 20 years, but it came at a monumental cost.
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Old 07-08-2016, 06:52 PM
 
Location: Brooklyn Brooklyn
22 posts, read 17,894 times
Reputation: 23
Quote:
Originally Posted by dv1033 View Post
That's not true and they would be smart enough to not tie their currency to a precious metal.



Have you ever considered that China doesn't want to stop undervaluing their currency? Which has the affect of making their exports cheaper to the world?
Deflating their nation's currency isn't a good long term strategy IMO, especially in a down turning global economy. However, selling off the dollar in mass quantities would be an intelligent move if other countries with a moderate currency value started doing the same, such as Australia and India. If Canada decided to follow Britain's lead in joining the AIIB it could be very detrimental to the dollar's value as the standard global currency.


Did you watch the video? It's long but very enlightening, even frightening if even half of Jim Davidson's projections come about. It could also be viewed as a long infomercial to sell his paraphernalia.
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Old 07-08-2016, 06:58 PM
 
Location: ATX-HOU
10,216 posts, read 8,113,448 times
Reputation: 2037
Quote:
Originally Posted by TeeeLow View Post
Deflating their nation's currency isn't a good long term strategy IMO, especially in a down turning global economy. However, selling off the dollar in mass quantities would be an intelligent move if other countries with a moderate currency value started doing the same, such as Australia and India. If Canada decided to follow Britain's lead in joining the AIIB it could be very detrimental to the dollar's value as the standard global currency.
Way too complicated to ever realistically succeed and would require global cooperation that is unprecedented.

Quote:
Did you watch the video? It's long but very enlightening, even frightening if even half of Jim Davidson's projections come about. It could also be viewed as a long infomercial to sell his paraphernalia.
Rather not since usually the latter is true.
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Old 07-08-2016, 07:00 PM
 
Location: Brooklyn Brooklyn
22 posts, read 17,894 times
Reputation: 23
Quote:
Originally Posted by dv1033 View Post
Well the OP, and his SovereignInvestor "economic blog" seems to think it's well underway.

But if you haven't noticed City Data is pretty bullish on the "America is on the brink of destruction/collapse".
It's not my blog. I read the story and watched the video. I thought it would make for a very interesting topic of discussion. What soured me somewhat on Jim Davidson's diatribe is he is selling his gathered info for $97 a year to get the inside track on his 'prognostications'. I do believe his info has merit, but not enough to shell out 100 bucks for it.
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