China worried about the dollar - GoFuckYourself.com

pigman · 03-24-2009, 07:17 PM

http://abcnews.go.com/Business/wireStory?id=7073605

"Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried," Wen said at a news conference Friday after the closing of China's annual legislative session. "I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets."

If China stops buying US treasuries the dollar is fucked. The global economy is going down, who are the US going to borrow from in a year or two?

st0ned · 03-24-2009, 07:19 PM

Quote:

Originally Posted by pigman

http://abcnews.go.com/Business/wireStory?id=7073605

"Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried," Wen said at a news conference Friday after the closing of China's annual legislative session. "I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets."

If China stops buying US treasuries the dollar is fucked. The global economy is going down, who are the US going to borrow from in a year or two?

They can just print some more.

Our government is truly fucked..

camgirlshide · 03-24-2009, 07:23 PM

They are not going to dump dollars. It's mutually assured destruction. They can stop buying treasuries and kill our economy. The US can stop buying cheap goods from China and kill theirs.

J. Falcon · 03-24-2009, 07:23 PM

Everything will be fine.

onwebcam · 03-24-2009, 07:28 PM

The Fed is already monetizing the debt so what's this year or two talk?

http://www.federalreserve.gov/newsev.../20090318a.htm

DWB · 03-24-2009, 07:37 PM

Quote:

Originally Posted by camgirlshide

They are not going to dump dollars. It's mutually assured destruction. They can stop buying treasuries and kill our economy. The US can stop buying cheap goods from China and kill theirs.

China would survive and doesn't give a shit about their people. They produce and WE consume. If we don't consume, they will just be dirty poor again they way they were not too long ago.

Meanwhile in Asia, there is a LOT of news on about China talking about dumping their dollars. Just about every Asian news channel has something about it every day. It could happen. The more the US prints money, the more it devalues the dollar the less important that dollar is to China. There is a breaking point and we are running to it as fast as we can regardless of whatever destruction comes our way. In fact, we started driving down the road of destruction the moment we stopped backing our currency by gold and began printing money out of thin air.

pigman · 03-24-2009, 07:53 PM

The dollar dont need to be backed by gold.
The dollar need a responsible country. Not a country that borrows huge sums of money year after year to cut taxes.

slavdogg · 03-24-2009, 11:32 PM

what they gonna change the dollars into ?
euros, pounds, franks ? those are all fucked too even more than the dollar
yen ? i doubt it

rubbles ? good fucking luck

maybe china should let its yuan float as an open currency instead

slavdogg · 03-24-2009, 11:33 PM

china and russia talk about global currency ?
well we've had that not so long ago in GOLD
that didnt work out so well

NinjaSteve · 03-24-2009, 11:40 PM

Can't they just print more money and not tell anybody?

WoW! · 03-24-2009, 11:50 PM

Quote:

Originally Posted by pigman

The dollar dont need to be backed by gold.

Just when you thought you heard it all.

03-24-2009, 07:17 PM	#1
pigman Confirmed User Join Date: Aug 2006 Posts: 760	China worried about the dollar http://abcnews.go.com/Business/wireStory?id=7073605 "Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried," Wen said at a news conference Friday after the closing of China's annual legislative session. "I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets." If China stops buying US treasuries the dollar is fucked. The global economy is going down, who are the US going to borrow from in a year or two? __________________ Suffering arises from attachment to desires. Suffering ceases when attachment to desire ceases.

03-24-2009, 07:23 PM	#3
camgirlshide Confirmed User Join Date: Jan 2005 Posts: 1,558	They are not going to dump dollars. It's mutually assured destruction. They can stop buying treasuries and kill our economy. The US can stop buying cheap goods from China and kill theirs. __________________ Useful adult webmaster links - Alphabetical list of solo models with webcam Stats on my best converting affiliate programs - camgirlshide webmaster blog complete list of affiliate programs I use.

03-24-2009, 07:23 PM	#4
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03-24-2009, 07:28 PM	#5
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,673	The Fed is already monetizing the debt so what's this year or two talk? http://www.federalreserve.gov/newsev.../20090318a.htm __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. Last edited by onwebcam; 03-24-2009 at 07:30 PM..

03-24-2009, 07:53 PM	#7
pigman Confirmed User Join Date: Aug 2006 Posts: 760	The dollar dont need to be backed by gold. The dollar need a responsible country. Not a country that borrows huge sums of money year after year to cut taxes. __________________ Suffering arises from attachment to desires. Suffering ceases when attachment to desire ceases.

03-24-2009, 11:32 PM	#8
slavdogg Confirmed User Join Date: Jan 2001 Posts: 3,570	what they gonna change the dollars into ? euros, pounds, franks ? those are all fucked too even more than the dollar yen ? i doubt it rubbles ? good fucking luck maybe china should let its yuan float as an open currency instead __________________ Adult Traffic for Sale

03-24-2009, 11:33 PM	#9
slavdogg Confirmed User Join Date: Jan 2001 Posts: 3,570	china and russia talk about global currency ? well we've had that not so long ago in GOLD that didnt work out so well __________________ Adult Traffic for Sale

03-24-2009, 11:40 PM	#10
NinjaSteve Too lazy to set a custom title Industry Role: Join Date: Dec 2003 Posts: 11,089	Can't they just print more money and not tell anybody? __________________ ...