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China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings
Zero Hedge ^ | April 24, 2011 | Staff

Posted on 04/24/2011 9:42:07 AM PDT by library user

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To: BenKenobi

Maybe I’m old fashioned but I think there will be an option 3, multi-generations living in the same house ala “The Waltons.”I don’t think we need to kill off the old people at all, although the families will have to assume more responsibilities for themselves. Just because people are old, they are not useless. You might have Mom and Dad out working while the grandparents help care for the kids and so on, to fill in the gaps the parents leave. I think maybe the period from World War II to now has been an aberration, the norm has been where the families stayed close by or in the same house with multi-generations, it was like that before World War II and during the Depression. We might be returning to that norm.


221 posted on 04/26/2011 9:28:28 PM PDT by Nowhere Man (General James Mattoon Scott, where are you when we need you? We need a regime change.)
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To: dagogo redux
Many individuals will suffer and die. It seems inevitable by now. It’s unfortunate for those clueless or lazy individuals in a certain sense, but it will be a blessed purging for the sake of society, a society grown fetid and bloated with riffraff of boundless sloth and stupidity.

I think the best these people can do if they cannot grow or make food is to learn and/or have some skills they can trade to someone who does. Things like plumbing, electronic repair, radio communication, auto repair and so on will be valuable to get through dark times and to rebuild the country. We all should brush up on our vocational skills. First aid and paramedic skills would be useful too.
222 posted on 04/26/2011 9:38:53 PM PDT by Nowhere Man (General James Mattoon Scott, where are you when we need you? We need a regime change.)
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To: Nowhere Man

Not an option for my family, unfortunately. You see back in the walton’s day they actually hired young men and paid them sufficient to raise a family.

Now they neither hire them nor pay them.


223 posted on 04/27/2011 12:58:37 PM PDT by BenKenobi (Replied Henny Penny, "The sky is falling, and we must go to tell the king.")
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To: NVDave

“And we’ll have the Free Trade Uber Alles twits to thank for it, the people who thought that “free trade” with communists was a suave economic theory.”

Wrong enemy. We can thank our UNIONS, LABOR LAWS, OSHA LAWS, and God knows what else.

We did it to ourselves and WE DESERVE IT.


224 posted on 04/29/2011 3:59:58 PM PDT by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts))
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To: BobL

Everything you list there is a factor, but in the minority.

The majority factor here is the currency arb. The yuan peg allows China to make their stuff cheaper than our stuff, no matter what we do.

You’re right, we deserve it. Because the WTO regulations allow us to retaliate with tariffs against countries that engage in currency manipulation. If a peg isn’t “manipulation,” then nothing qualifies as manipulation.


225 posted on 04/29/2011 6:50:42 PM PDT by NVDave
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To: NVDave

I won’t argue that. It’s DEFINITELY a big factor...but it wouldn’t be nearly as effective if we unshackled ourselves our bit.

Anyway, when the Yawn actually floats, we’ll become borderline destitute as a country (i.e., everything in Walmart will triple in price, for example).


226 posted on 04/29/2011 6:59:07 PM PDT by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts))
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To: Quix; ex-Texan

Now it’s happening, June 2011.

Lord, have mercy. We humble ourselves, we pray, we seek Your face, we turn from our wicked ways, please hear from heaven, forgive our sins, and heal our land. There is none but You, show us Your ways and help us to walk in them, we ask and pray in the Name of Jesus Christ, amen.


227 posted on 06/04/2011 9:06:09 AM PDT by Joya (Jesus is coming back. Something to look forward to, it is more than enough.)
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To: Joya; library user; Quix; M. Espinola; investigateworld; TruthConquers; Whenifhow; Chunga85
China knows how to deflate Bernanke's ego bubble because they have deduced other key Illuminati secrets.

I've been waiting for this "hot breaking news" (LOL !) for about four years.

Everything most people know is wrong. 99% of Americans still believe in our phony two party system. Reality is that the "New World Order" was developed by Hitler and really bright people understand that Skull 'n Bones and other secretive groups run everything to get richer while most (90%) Americans get poorer -- faster -- everyday.

China knows they have many advantages over the US and now they will begin exerting pressure on our elites. But there are only about true 4,000 elites living in the US and about 2,000,000 live in Asia.

It's all a numbers game anyway -- ones and zeros. The end was predestined long ago -- because our corrupt leaders screwed the pooch when they decided to pass WS gambling debts (esoteric derivatives) off to the taxpayers. The middle class was raped to save the elites.

The time to wake up is long past . . .

228 posted on 06/04/2011 11:59:59 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: Joya; library user; Quix; M. Espinola; investigateworld; TruthConquers; Whenifhow; Chunga85
I forgot to include this image:

Keeping the Useless Eaters Happy and Well Media Fed . . .


229 posted on 06/04/2011 12:20:38 PM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: Magic Fingers

Blanket generalizations necessarily have plenty of exceptions . . .

Nevertheless . . . there is a shocking amount of seemingly willful blindness in our culture in the face of

brazenly screaming neon lit warnings of unprecedented devastations not that far ahead.


230 posted on 06/04/2011 2:14:09 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: bIlluminati

With China flushing American paper as fast as they can . . . who’s stupid enough to buy it?


231 posted on 06/04/2011 2:16:11 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: ex-Texan

http://cnsnews.com/news/article/china-has-divested-97-percent-its-holdin


232 posted on 06/04/2011 2:17:07 PM PDT by demsux (Obama: THE job destroyer)
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To: BenKenobi

What would the economic result of 1/3 the global population . . . or even 20% being relieved of breathing in this dimension?


233 posted on 06/04/2011 2:17:30 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: bIlluminati

I wouldn’t doubt the puppet masters are using Islam to plague other religions—particularly Christianity.

However, I’m also even more convinced that they will ultimately destroy Islam.

Scripture is clear . . . the one world religion will worship satan incarnate.


234 posted on 06/04/2011 2:19:08 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: OilCanDan23

Works for me.

Particularly when we have WELL OVER

MORE THAN 400 years of our oil needs within our own borders—including accounting for increased demand.


235 posted on 06/04/2011 2:20:27 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: The Theophilus

INDEED. INDEED.


236 posted on 06/04/2011 2:21:16 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: PeterPrinciple

Of course.

They decided a long time ago that they MUST destroy this country virtually utterly in order to make estabilshing the global government easier and faster.


237 posted on 06/04/2011 2:24:44 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: Marine_Uncle

I think it’s otherwise—that they planned exactly that.

Though you could be right in the sense that they may not have believed they’d actually achieve it so successfully so fast.

Reportedly some of the billionaires were not QUITE ready to head to the bunkers.


238 posted on 06/04/2011 2:26:11 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: Mr. K

-——NOW while these libtards can take full responsibility-——

China needs a strong America and sound money. It is to the advantage of the Chicaps to destroy Obama et al.


239 posted on 06/04/2011 2:27:53 PM PDT by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
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To: Nowhere Man

. . .

They came first for the trade unionists but I didn’t protest because I wasn’t a trade unionist . . .

. . .

. . .

And finally, they came for grandpaw . . . and I realized I was the grandpaw.

Useless eaters they call us now.

For the good of society . . . and global warming . . .

/sarc


240 posted on 06/04/2011 2:28:05 PM PDT by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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