As this movement gains momentum, America can save itself only by moving toward gold, too. I'd bet you a few Bitcoins that we won't.
Probably don't have any.
1 posted on
10/21/2013 2:15:06 PM PDT by
BfloGuy
To: BfloGuy
The world will use whatever currency it feels safest with as a reserve currency. China can have very little impact on this.
2 posted on
10/21/2013 2:22:32 PM PDT by
DannyTN
To: BfloGuy
The world will use whatever currency it feels safest with as a reserve currency. China can have very little impact on this.
3 posted on
10/21/2013 2:22:32 PM PDT by
DannyTN
To: BfloGuy
Mission accomplished!
4 posted on
10/21/2013 2:23:51 PM PDT by
E. Pluribus Unum
(Who knew that one day professional wrestling would be less fake than professional journalism?)
To: BfloGuy
the problem with this is that the US oil production is going straight up.
If not for the fed doing their QE’s .... the dollar would go straight up too.
as it is the downward pressure of the QE’s is matched by the upward pressure of rising oil pressure so the dollar has been going roughly sideways for five years.
6 posted on
10/21/2013 2:32:25 PM PDT by
ckilmer
( e)
To: BfloGuy
China is now overtly pushing for the US dollar to be replaced as the world’s reserve currency.It's only a matter of time, now.
7 posted on
10/21/2013 2:36:32 PM PDT by
Navy Patriot
(Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
To: BfloGuy
The industrialized nations/regions of the world (the US,Europe,Japan,etc) made a huge mistake in the 80's when they decided to allow Chinese made goods into their countries.During my first trip to China in 1980,the areas I saw looked like they were straight out of the Middle Ages.During my most recent visit (2010) that same area was clogged with traffic and the major city (Guangzhou) had numerous glass and steel skyscrapers.
And we allowed all that to happen.Without access to our markets they'd still be riding bikes and living in stone huts as they were in '80.
14 posted on
10/21/2013 3:26:32 PM PDT by
Gay State Conservative
(Osama Obama Care: A Religion That Will Have You On Your Knees!)
To: BfloGuy
Isn’t it wonderful, obama and china, full steam ahead ushering the Brave New World.
Everything is beautiful in it’s own way........./S
15 posted on
10/21/2013 3:51:29 PM PDT by
PoloSec
( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
To: BfloGuy
The dollar is backed by oil. Eventually, maybe Russia or Iran, will fix their oil to gold.
18 posted on
10/21/2013 5:06:10 PM PDT by
IDFbunny
To: BfloGuy
As of January 2013 The Federal Reserve had deposits of 8.133 thousand tons of physical gold. This is about the equivalent of Germany Italy and France, the next three largest holders of gold, put together. China had about 1000 tons.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson