[ken21]

what to put in its place,

the dingdong?

[_a_0_0_]

The man who leads one of China’s top rating agencies

Oh now there's an image of credibility.

[Protoss]

Great job, Bernanke. Way to go. /S

[stars & stripes forever]

It is high time our country becomes self suffient again and builds privately owned companies that cannot be manipulated by the world system.

[no-to-illegals]

Meanwhile economic warfare continues, as congress and zer0 pocket some unwanted money from the population of the triple AAA USSA. /s

[Nuc 1.1]

Another thing we can thank the American Communist Democrat Party and their pubbie allies for. When this happens, and it will, there will be misery here the likes of which we cannot imagine.

[jpsb]

Bunch of threads on the market opening tomorrow, but the 800 lb money is the dollar, not the Dow.

[GOPJ]

The reason Hati can't print more money to get out of their mess is BECAUSE they're NOT a reserve currency. If we lose our currency status, we'll have to pay back every dime. We'll be broke forever.

The icing on that cake is once we're weakened, armies of other countries will come in to steal what we have.

Wonder how the liberals will feel about the ways Arabs fight wars - rape the women, kill the men.

Thanks dems - thanks for giving the wealth of our nation away to buy the votes of your victim group constituencies.

[SouthTexas]

That’s cute, China is as boned as we are.

Who will they sell to if we stop buying, Europe? They’re in the worst shape of all.

[Cringing Negativism Network]

Commence the trade war.

China will only become more arrogant from here on.

It’s going to happen, let’s start now.

[dila813]

Back at the time, our grandparents said there was lots of concern about the Dollar being the currency after the last world war, there was great concern what would happen if this day ever came.

Many people around the world store their savings in dollar valued assets. The dollars Russians have stuffed in their mattresses alone would unleash such a sudden inflation that people would be literally unable to cash them in for commodities.

Everyone wondered where all the inflation was from them printing all this money over the last 30 years, it has been reduced by people socking away money. When they realize their money is loosing value even under the mattress, it will unleash Armageddon on the US Currency.

[Biggirl]

Coming from a country whose economy is built on a “house of cards”.

[Poison Pill]

Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.”

And then...

Beijing has every right “to demand the United States to address its structural debt problems and ensure the safety of China's dollar assets.”

So the process is irreversible and yet they want it reversed? The reason the market doesn't pay attention to this agency is that it's not a market actor, it's a government agency

[doc]

Ah Obama’s plan, a one world currency!

[familyop]

"Dollar to Be 'Discarded' by World: China Rating Agency"

Oh, that would be just awful! Please, not that! LOL!

[wolfcreek]

And lil’ Timmy Geithner will lead the way.

http://www.telegraph.co.uk/finance/economics/5050407/US-backing-for-world-currency-stuns-markets.html

[devolve]

[Blood of Tyrants]

Obama’s plan is working perfectly.

[Diogenesis]

[americanophile]

Reports of our demise are greatly exaggerated. These setbacks provide us with the motivation and political imperative to reform and reemerge stronger - we need only the will and the political skill to achieve it.