OpieRadio Logo
Compound Media Logo
Jim Norton Logo

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

Discussion in 'Current Events' started by The Godfather, Aug 7, 2011.

  1. The Godfather

    The Godfather Spark it up for The Godfather and say!!!!!

    Joined:
    May 9, 2007
    Messages:
    11,256
    Likes Received:
    9
    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.”
     
  2. Awful Me

    Awful Me I do it.

    Joined:
    Dec 9, 2004
    Messages:
    18,504
    Likes Received:
    231
    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.
     
  3. JoeyDVDZ

    JoeyDVDZ That's MR. MOJO, Motherfucker!

    Joined:
    Aug 20, 2004
    Messages:
    28,433
    Likes Received:
    5,452
    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.
     
  4. SaltyDelights

    Joined:
    May 24, 2004
    Messages:
    3,231
    Likes Received:
    503
    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.
     
  5. lajikal

    lajikal Registered User

    Joined:
    Aug 6, 2009
    Messages:
    15,495
    Likes Received:
    3,805
    Sure.
    U.s. Foreign aid/yr = ~$50billion
    U.s. Debt just to the chinks = ~$1.2trillion

    There's no way out of this shit.
     
  6. lajikal

    lajikal Registered User

    Joined:
    Aug 6, 2009
    Messages:
    15,495
    Likes Received:
    3,805
    Were simply not producing anything of substance besides child porn.
     
  7. Psychopath

    Psychopath Plata O Plomo

    Joined:
    Dec 28, 2008
    Messages:
    17,686
    Likes Received:
    3,346
    They are all talk. Seriously, we are their biggest market. They need us as much as we need them.
     
  8. Don the Radio Guy

    Donator

    Joined:
    Mar 30, 2006
    Messages:
    69,628
    Likes Received:
    5,082
    Wal Mart alone pulling out could destroy the Chinese economy. This is just talk.
     
  9. lajikal

    lajikal Registered User

    Joined:
    Aug 6, 2009
    Messages:
    15,495
    Likes Received:
    3,805
    Sadly he didn't pull out.
     
  10. MayrMeninoCrash

    MayrMeninoCrash Liberal Psycopath

    Joined:
    Dec 9, 2004
    Messages:
    24,092
    Likes Received:
    8,346
    I'm starting to see a pattern here

    ShooterMcGavin = Crazy raghead stories
    Kirk = Crazy Infowars stories
    Jordan = Crazy Chinese conspiracy stories
     
  11. afternoonquil

    afternoonquil Apology Ostrich

    Joined:
    Apr 2, 2011
    Messages:
    1,773
    Likes Received:
    864
    MayrMeninoCrash = Crazy Republicans are evil/ Libaroos are angelic stories.
     
  12. MayrMeninoCrash

    MayrMeninoCrash Liberal Psycopath

    Joined:
    Dec 9, 2004
    Messages:
    24,092
    Likes Received:
    8,346
    Can you name one crazy republican that's good?
     
  13. afternoonquil

    afternoonquil Apology Ostrich

    Joined:
    Apr 2, 2011
    Messages:
    1,773
    Likes Received:
    864
    Vince McMahon
     
  14. Psychopath

    Psychopath Plata O Plomo

    Joined:
    Dec 28, 2008
    Messages:
    17,686
    Likes Received:
    3,346
    All politicians are cunts.
     
  15. Party Rooster

    Party Rooster Unleash The Beast

    Joined:
    Apr 27, 2005
    Messages:
    40,304
    Likes Received:
    7,462
    You missed one.
    Stalker2 = Crazy Enner stories.
     
  16. Don the Radio Guy

    Donator

    Joined:
    Mar 30, 2006
    Messages:
    69,628
    Likes Received:
    5,082
    Ron Paul is crazy and I believe he is a good man.

    Sent from my HTC Glacier using Tapatalk
     
  17. kloraferm

    kloraferm Humor is reason gone mad

    Joined:
    Sep 6, 2002
    Messages:
    31,364
    Likes Received:
    41
    Anthony Cumia
     
  18. lajikal

    lajikal Registered User

    Joined:
    Aug 6, 2009
    Messages:
    15,495
    Likes Received:
    3,805
    Doesn't mean shit when it comes down to it.
     
  19. Psychopath

    Psychopath Plata O Plomo

    Joined:
    Dec 28, 2008
    Messages:
    17,686
    Likes Received:
    3,346
    What are you talking about?
     
  20. The Godfather

    The Godfather Spark it up for The Godfather and say!!!!!

    Joined:
    May 9, 2007
    Messages:
    11,256
    Likes Received:
    9
    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.
     
  21. Ballbuster1

    Ballbuster1 In The Danger Zone...
    Wackbag Staff

    Joined:
    Aug 26, 2002
    Messages:
    101,985
    Likes Received:
    16,346
    Yeah, but they're funny and the pics he chooses for some
    of them are fucking classic.
     
  22. Psychopath

    Psychopath Plata O Plomo

    Joined:
    Dec 28, 2008
    Messages:
    17,686
    Likes Received:
    3,346
    Oh, look an expert on our economy.
     

Share This Page