China says "Dollar to Be 'Discarded' by World" (hints at currency collapse)

The Godfather

Spark it up for The Godfather and say!!!!!
May 9, 2007
11,256
10
163
#1
http://www.cnbc.com/id/44050325



“I think the most pressing issue facing the U.S. at the moment is to reflect on the crisis which happened in relation with the debt ceiling," Guan said. "They should get a clear understanding that the continuous decline of the debt service capability will inevitably result in the outbreak of a sovereign debt crisis.”

His sentiment is also reflected in a strongly worded editorial published by China’s official Xinhua news agency on Saturday that is widely seen as a thinly-veiled criticism of U.S. fiscal and economic policies from Beijing.

The editorial called for “international supervision over the issue of U.S. dollars” and the introduction of “a new, stable and secured global reserve currency.”

It also noted that as its largest creditor, Beijing has every right “to demand the United States to address its structural debt problems and ensure the safety of China's dollar assets.”
 
Dec 9, 2004
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Baton Rouge
#2
We should stop all "foreign aid" and use that to pay our debt.

Fuck other countries. The welfare state we have created in this country is bad enough, we don't need a welfare planet.
 

JoeyDVDZ

That's MR. MOJO, Motherfucker!
Aug 20, 2004
29,671
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#3
We should stop all "foreign aid" and use that to pay our debt.

Fuck other countries. The welfare state we have created in this country is bad enough, we don't need a welfare planet.
This shit RIGHT THE FUCK HERE. Pay back money owed, but fuck ANY ONE OF THESE MOTHERFUCKERS who hold their hand out for cash that we don't owe. We give and give and give, but whenever we need help, we get shit on. Fuck them all.
 
May 24, 2004
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Queens, NY
#4
Some say the aid is used to promote a positive environment for our military-industrial complex (man!!!!)

We stop handing cash over, they kick our companies out.

/Kirk post

My stupid opinion: We've all seen enough international diplomatic policy events to know where this is going: Barry H. met with the Dolly Llama, China said they were pissed, now they're being belligerent until we make nice in some way, shape or form.
 

lajikal

Registered User
Aug 6, 2009
16,407
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#5
We should stop all "foreign aid" and use that to pay our debt.

Fuck other countries. The welfare state we have created in this country is bad enough, we don't need a welfare planet.
Sure.
U.s. Foreign aid/yr = ~$50billion
U.s. Debt just to the chinks = ~$1.2trillion

There's no way out of this shit.
 

lajikal

Registered User
Aug 6, 2009
16,407
3,927
373
#6
Were simply not producing anything of substance besides child porn.
 

Psychopath

I want to fuck your girlfriend.
Dec 28, 2008
19,190
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Constant sate of misery
#7
They are all talk. Seriously, we are their biggest market. They need us as much as we need them.
 

Don the Radio Guy

G-Bb-A-D
Donator
Mar 30, 2006
69,623
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#8
Wal Mart alone pulling out could destroy the Chinese economy. This is just talk.
 

MayrMeninoCrash

Liberal Psycopath
Dec 9, 2004
24,660
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#10
I'm starting to see a pattern here

ShooterMcGavin = Crazy raghead stories
Kirk = Crazy Infowars stories
Jordan = Crazy Chinese conspiracy stories
 

afternoonquil

Apology Ostrich
Apr 2, 2011
1,773
864
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#11
I'm starting to see a pattern here

ShooterMcGavin = Crazy raghead stories
Kirk = Crazy Infowars stories
Jordan = Crazy Chinese conspiracy stories
MayrMeninoCrash = Crazy Republicans are evil/ Libaroos are angelic stories.
 

The Godfather

Spark it up for The Godfather and say!!!!!
May 9, 2007
11,256
10
163
#20
What are you talking about?
This isn't 1999, this isn't 2004..

The United States is not the same powerfull country you're used to. We are a drag on the world economy. Eventually China will cut the dead weight (their pegging of the yuan to the dollar) and collapse the value of our inflated fiat currency.

We are 14 trillion in debt, we will default through inflation.
 

Psychopath

I want to fuck your girlfriend.
Dec 28, 2008
19,190
3,692
393
Constant sate of misery
#22
This isn't 1999, this isn't 2004..

The United States is not the same powerfull country you're used to. We are a drag on the world economy. Eventually China will cut the dead weight (their pegging of the yuan to the dollar) and collapse the value of our inflated fiat currency.

We are 14 trillion in debt, we will default through inflation.
Oh, look an expert on our economy.