That's what the Globalist Banksters and their Republicrat/Dumbocan meatpuppets have been working toward for decades.
Pictured: The men responsible.
Posted on 08/07/2011 9:08:35 AM PDT by barmag25
The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating.
In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.”
Dagong made headlines last week when it became the first rating agency to cut its U.S. credit rating from “A+” to “A” after policymakers in Washington failed to act in a timely manner to lift its debt celing.
However, the announcement failed to register in the markets as investors have yet to decide whether to take the Beijing-based company seriously.
(Excerpt) Read more at cnbc.com ...
An excellent book. His “Naked Capitalist” is almost as good and is a rebuttal to Galbraith’s “Tragedy and Hope.” But “Naked Communist” really spells out the history, goals, and progress of the communists.
As a side note, if you read the write-up of “Naked Communist” in wiki, there is a quote from Mark Hemingway (Ernest Hemingway’s son) who calls it the most paranoid book he ever read.
I found that really amusing, since the book essentially points out the goals the communist will obtain by subterfuge...and we now know that Mark’s dear old “Papa” contacted Stalin and offered his services to help turn America into a Soviet-style state (thanks to the FOIA).
Yeah, good ol’ Ernest Hemingway was not just a socialist who helped back Castro financially. He was a dyed-in-the-wool communist who thought Uncle Joe was just another macho man like himself.
I love his style of writing, but Ernie has become just another of those leftist jackasses (like Woodrow Wilson) that I would like to dig up just to piss on.
Please see item #4, post 77, just above yours.
Just as socialism, fascism, and communism, capitalism has its dark side too, and that dark side is that it puts profit above all else.
The free-traders (those who shipped manufacturing and jobs out of America purely for profit), have contribute to the decline of our economy just as much as any of the borrow-and-spenders.
Yes, I will grant that many businesses were forced to offshore in order to survive, but many, many others did so just to reap higher profits or for a quick golden parachute via a stock flip.
Congressional Record—Appendix, pp. A34-A35
January 10, 1963
Interesting it was put into congressional record as a guideline and warning? Maybe someone should pull it out of congressional record and read each goal and see how many are reality?
Weren’t we supposed to get the amero next? Canadian/US/Mexican currency? That was the movement hawked by our one-world leaders, including Bush Jr.
http://www.canadafreepress.com/2006/cover121406.htm
That’s one point on a fourty-five point todo list.
Perhaps, but how much do we trust Geithner, Bernanke, or much of the financial press here?
At this point, I think indications lean towards S&P's credibility.
China is still building empty cities. Wonder what those bonds are rated.
The current President will do nothing to defend our interests, because his ideological agenda puts him at odds with the long-term success of the US. It is, unfortunately, that clear.
Did’nt Ron Paul call to audit Fort Knox? I saw an Obama cartoon of Obama taking apart the statue of liberty to cash in for the metal/copper prices. We need progressives out of office and to pay China back. Everyone made fun of Patrick Buchanan for his isolationist ideas..
That's what the Globalist Banksters and their Republicrat/Dumbocan meatpuppets have been working toward for decades.
Pictured: The men responsible.
“China is still building empty cities.”
China has much bigger overall structural problems than we have, but we can’t afford to spend much more time trying to emulate failed European socialism or we will be very vulnerable.
China has tons of poverty and horrible human rights violations, but they have even more central control over information than liberals in our government have over our complacent liberal media. They can suppress knowledge of their internal problems for the time being, but eventually things will unwind. Name a recent invention that has come out of China that has made a major impact on the world. Give me an example of recent Chinese innovation. I’m only worried about China if we continue to commit national suicide.
“Give me an example of recent Chinese innovation.”
How about the self-crashing high speed train? I know we in CA will surpass them by innovating one that crashes before it’s even built but still...
As if those bastards would actually use real gold as standard. We need a long term plan to end this tyranny.
Rating agencies were getting a bad rap (due in part to that real estate bubble that they failed to predict and the hand wringing about a default that didn’t have a chance of happening) only a week or two ago.
Who is the China Rating Agency and do they have the power to change currency?
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You rprediction about who would do it first was wrong, but your prediction about who is going to call on our bonds...well, it looks like that one is going to be proved right
China will call on her treasury bonds as soon as she can
and we will pay it with what?
Your prediction about who would do it first was wrong, but your prediction about who is going to call on our bonds...well, it looks like that one is going to be proved right
China will call on her treasury bonds as soon as she can
and we will pay it with what?
Another notch on The Emperors belt.
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