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China Calls For New Reserve Currency
FT.com ^ | 23 Mar 09 | Jamil Anderlini

Posted on 03/23/2009 4:17:35 PM PDT by datura

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To: schu

Maybe the chicoms should try untying their currency from ours.

The only reason they’ve done as well as they have recently, is because of the dollar based economy.

Bunch of crybabies.


41 posted on 03/23/2009 7:30:38 PM PDT by o2bfree
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To: dynachrome
Paper money is worth the paper it is printed on.

Great! I'll send you a full ream of 500 sheets of 20 pound 96% white paper, and you can send me back 1500 single $1 bills (about the same amount of paper).

Just PM me an address and I'll get it shipped out immediately!

Oh, and I'll even save you the return shipping on the 1500 dollar bills - you can just PayPal the money, or use a US Postal Money order...

42 posted on 03/23/2009 7:34:30 PM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: o2bfree
The Chinese are about to get fleeced, when Bernanke opens the flood gates, these Treasuries held by China will be paid off pennies on the $$.

The US Government is the world's largest debtor, does anyone think they are concerned about anything but maintaining their power? Inflation allows them to get out of this dilemma ... and we shall have it!

schu

43 posted on 03/23/2009 7:41:58 PM PDT by schu
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To: schu

If we do what the Chinese want we won’t be able easily to inflate our way out of debt. If every country that spent like a drunken sailor was able to just “print money” - the Haitians would be rich. Same with all the tin plated dictators in the world.


44 posted on 03/23/2009 8:20:03 PM PDT by GOPJ (Dem's are making *an example of AIG - business will fall in line or else. (*Easier to "shake-down"))
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To: datura

Honestly, I can’t say I blame them. Obama & Friends are going to give us hyperinflation in a few years.

Please see this thread: http://www.freerepublic.com/focus/f-news/2213174/posts


45 posted on 03/23/2009 8:20:26 PM PDT by ksm1
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To: datura; All
I wonder if/how this plays into the rumor a week or two ago about China having eminent domain rights here in the US

BTW, what ever happened with that story?

46 posted on 03/23/2009 8:27:46 PM PDT by Las Vegas Ron (Wake up people, AIG executives are not the enemy, your Government is!)
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To: Thunder90

It’s a proposal which will go nowhere. They may as well say, “we’re going to make those cool multicolored bills from the ‘Life’ game into the new world reserve currency.”


47 posted on 03/23/2009 8:34:49 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: datura
“A fiat currency controlled by the IMF.....versus a fiat currency controlled by the Fed.” I don't see any improvement. A global currency that is based upon gold, silver or oil would be an improvement, but it must be backed by a real, tangible asset.
48 posted on 03/24/2009 6:16:07 AM PDT by 2001convSVT ("Only Property Owners that pay taxes should have the right to Vote")
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To: PugetSoundSoldier

Sure. My $60 printer can print up that much without dying,.

:)


49 posted on 03/24/2009 6:29:23 AM PDT by dynachrome (Barack Hussein Obama yunikku khinaaziir)
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To: Texas Fossil
Is this why China has shouldered up with Mugabe in Zimbawe?
Zimbawe has a lot of precious metals and diamonds. And a currency that is totally worthless.
Does China want to provide the asset based world currency?
Think about this.

Those who believe that "our" government's massive debt to China is a good thing, argue that anything China does with the US dollars they own that will eventually benefit us. For example, if they buy US goods, that's good for us.

But what if China buys raw materials, gems, and precious metals from severely impoverished nations like Zimbabwe. Zimbabwe could pay debts they owe to the USA, and if many 3rd world countries did the same that could cause inflation here. Or they could buy nukes or nuke materials, and I don't have to tell you what could happen in that case.

50 posted on 03/24/2009 6:57:34 AM PDT by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
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To: bert

OR: How about a Uranium or Plutonium standard?


51 posted on 03/24/2009 10:39:47 AM PDT by 2harddrive (...House a TOTAL Loss.....)
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