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To: ken21
At times the Chicoms find themselves comparing their current existence against that of a country that's had essentially the same government 236 years ~ which just doesn't work for them.

They've had several different SYSTEMS, not just governments, in the same time period, plus vast upheavals where the winners and the losers both lost and ended up under foreign domination and even occupation.

You get to have a world reserve currency by being around for a couple of centuries. The Chinese experience is entirely too short for anyone to trust the Yuan.

23 posted on 08/07/2011 9:42:05 AM PDT by muawiyah
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To: muawiyah

>>>The Chinese experience is entirely too short for anyone to trust the Yuan.

yes.

francis fukuyama says one extended family controls china; we know we can’t trust them.


29 posted on 08/07/2011 9:55:32 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: muawiyah; ken21
The Chinese experience is entirely too short for anyone to trust the Yuan.

Not to mention that the Yuan is the most manipulated major currency in the history of the world. The Chicoms inflate it at will simply to create GDP.

There are certainly world currencies that are more stable than the Dollar and there are government bonds that are possibly a little safer than US Treasuries; however, there aren't any from a country with a big enough economy to supply the amount of currency required for world trade or enough bonds to satisfy demand.

54 posted on 08/07/2011 1:40:43 PM PDT by wagglebee ("A political party cannot be all things to all people." -- Ronald Reagan, 3/1/75)
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