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China Announces That It Is Going To Stop Stockpiling U.S. Dollars
DC Clothesline ^ | 11/22/2013 | Michael Snyder

Posted on 11/23/2013 7:25:46 AM PST by IbJensen

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America is a fool's paradise.

Crime is rampant, negro teenagers are sneaking up behind whites and coldcocking them with a knockout punch, a traitorous liar is president, the entire government is loaded with perverts, Congress keeps rolling out legislation upon legislation, our military has been deliberately ruined and nobody seems to be doing anything about this mess!

If only a Senator or a Congressman would do the following three things after the impeachment and removal of Barry we might survive.

(1) a complete overhaul of the foreign aid policy.

(2) change the tax system to a low flat tax for businesses and individuals.

(3) charge a penalty in the form of a tax for companies that outsource jobs overseas. It won’t fix things overnight, but those steps would create a turn around in our economy.

1 posted on 11/23/2013 7:25:47 AM PST by IbJensen
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To: IbJensen

“China Pulls the Plug”

Youtube video of Peter Schiff audio reaction.

http://youtu.be/PY_u6d1_xsk


2 posted on 11/23/2013 7:32:37 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: IbJensen

They finally figured out that the US is intentionally driving down the value of its own currency?

Stockpiling gold would have made a lot more sense.


3 posted on 11/23/2013 7:33:15 AM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: IbJensen
If the U.S. dollar isn't taken out of Washington and given back to the American people, we have until the fall of 2015. That's when the democrats house of cards will fall and take the entire globe with it.

Margaret Thatcher - 'The trouble with socialism is that eventually you run out of other people's money'.

4 posted on 11/23/2013 7:33:32 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: IbJensen

The BRICS are going hard to divorce themselves from the dollar. Once they have, the reserve currency status of the dollar will be broken and that’s when the hyperinflation we’ve been expecting from “QE to infinity!” kicks in. The hyperinflation will start when confidence in holding your wealth in dollars collapses and the preference cascade for something else rolls across the globe.


5 posted on 11/23/2013 7:34:51 AM PST by Paine in the Neck (Socialism consumes everything)
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To: IbJensen

I’ve been wondering for years what the hell China has been waiting for.

It’s like they’ve been holding a gun at our head all this time, and all we do is reach out and try helping them to pull the trigger.


6 posted on 11/23/2013 7:35:36 AM PST by Safrguns (PM me if you like to play Minecraft!)
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To: IbJensen
Good points

However I add that the great thing about Red China's actions against us is that it will cause some inconvenience for us;

but it will result in REVOLUTION for them as tens of millions more citizens become unemployed and even more angry about total corruption in the ruling party.

7 posted on 11/23/2013 7:35:51 AM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: IbJensen

I guess they’re doing their own form of quantative easing.

The clowns in charge are making it like Monoply money.


8 posted on 11/23/2013 7:39:06 AM PST by boycott
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To: IbJensen

Hmmm...I guess I should ask for gold jewelry for my birthday...lots of it


9 posted on 11/23/2013 7:43:06 AM PST by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: IbJensen

Your number 3 sounds like it was copied straight out of the liberal playbook.


10 posted on 11/23/2013 7:44:07 AM PST by Rusty0604
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To: Paine in the Neck
The hyperinflation will start when confidence in holding your wealth in dollars collapses and the preference cascade for something else rolls across the globe.

We're quickly moving into what will be referred to as a "calorie economy." Food will become very valuable. Business, because of obomacare (the straw that broke Americas back), are not going to survive. There won't be anyone left to bake the bread.

Rev.6:6 - And I heard a voice in the midst of the four beasts say, "A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine."
(And I heard a voice from among the four living beings say, "A loaf of wheat bread or three loaves of barley will cost a day's pay. And don't waste the olive oil and wine.")

11 posted on 11/23/2013 7:46:07 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: IbJensen

On similar threads I have suggested that U.S. exports pay for imports. It is surprising how many found this a really difficult concept so no doubt these same ones will find your article equally so.


12 posted on 11/23/2013 7:47:39 AM PST by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: IbJensen

My fellow Americans:

I know I am not saying what a majority of you are wanting right now, but I think it is time to bring back American manufacturing right here.

To America. Now.


13 posted on 11/23/2013 7:50:02 AM PST by Cringing Negativism Network
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To: IbJensen
"Thanks to the massively unbalanced trade that we have had with China, tens of thousands of our businesses, millions of our jobs and trillions of our dollars have left this country and gone over to China. And now China has apparently decided that there is not much gutting of our economy left to do and that it is time to let the dollar collapse. As I mentioned above, China has announced that it is going to stop stockpiling foreign-exchange reserves…

We could help them in their goal to not stockpile dollars. Raise the import tariffs, put Americans back to work, restore American industry, make America less dependent on foreign countries. And China with reduced sales to the U.S. will quickly use it's foreign exchange reserves to feed it's people.

14 posted on 11/23/2013 7:50:58 AM PST by DannyTN
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To: DannyTN

Enacting tariffs actually takes balls, something the Free Trader lacks.


15 posted on 11/23/2013 7:52:28 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Cringing Negativism Network
I know I am not saying what a majority of you are wanting right now, but I think it is time to bring back American manufacturing right here.

Won't work. The U.S. has the highest corporate taxes in the world. The U.S. has out of control labor costs. The U.S. has obomacare, a massive new tax no one can afford to pay and still stay in business. The public schools are producing graduates who can't even read (but they can put a condom on a banana at record speed!).
Manufacturing would have to have a death wish to come back here. In order to get them back, Washington would have to be run by real conservatives for at least a generation.

16 posted on 11/23/2013 7:58:09 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: concerned about politics
If the U.S. dollar isn't taken out of Washington and given back to the American people, we have until the fall of 2015. That's when the democrats house of cards will fall and take the entire globe with it.

And America will be destroyed. Their lifetime goals will have been accomplished. Praise Allah! Praise George Jackson and the Black Guerrilla Family!


17 posted on 11/23/2013 8:01:26 AM PST by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
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To: COBOL2Java

We have reached the tipping point and the point of no return. We must prepare for what is coming. Good luck and God help us.


18 posted on 11/23/2013 8:03:54 AM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: concerned about politics

Sorry all those excuses, have been used up.

It is now time to bring back manufacturing to America.

Now. To repeat: now.

This needs law, behind it. America’s exporters have exported America’s manufacturing.

Enough. Bring back jobs. Now.


19 posted on 11/23/2013 8:09:37 AM PST by Cringing Negativism Network
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To: concerned about politics

— we have until the fall of 2015

My projection also +\- 6 mo.


20 posted on 11/23/2013 8:10:05 AM PST by HangnJudge
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