Yet another accomplishment of the Obama regime and the Obama/Hillary “Reset”.
Way to go guys; your competence is stunning.
IMHO we should be looking for ways to nullify Chinese and Russian economic and potentially military aggression, but we can do this better by promoting traditional American economic prosperity to our neighbors rather than capitulating to an ideology that doesn't work and hurts people.
Good. Screw 'em both.
Nothing in there about what happens when the China bubble bursts. Millions of hits searching for, china bubble 2014.
Will the dollar survive and the yuan not?
Red China has literally hundreds of millions of citizens (double our population) left out of the economic "miracle." Red China is corruption, oppression, pollution, avarice via Party connections -- maybe even division among its tyrants.
All we have to worry about are a couple million aged 1960s Marxist-Alinsky campus radical, psycho spoiled brats and their ideological issue (the Obama Administration and its "Establishment" of government, media and academia).
In conjunction with this announcement, the Republic of Mongolia has indicated that they are also changing the appearance of their currency, the umol, to very nearly match the latest Chinese tender. The Ministry of Finance believes that this will aid in the acceptance of their own currency in International transactions, since after all:
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“If you see Yuan, you’ve seen Umol...”
This is not a trend, this is nonsense.
The dollar is the world’s reserve currency and will remain the world’s reserve currency throughout the foreseeable future.
No one in their right mind is going to use the Chinese yuan as their reserve currency.
That's not how it works.
Only one major problem boys. If the Yuan comes to pass as the reserve currency all the US has to do is stop Chinese imports and their Yuan will dissolve overnight.
No one will really go to the yuan. China is in worse shape than the US.
Luv it !
The sooner the USA loses reserve currency status the better.The second it does, it crashes and burns.
’ Let it Burn ‘
http://ace.mu.nu/archives/335557.php
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It’s coming. Soon our dollars won’t be worth anything.
YES.
When the United States loses ‘reserve currency’ status (which is what Russians and Chinese are doing with this move) we won't be able to ‘print’ our way out of debt.
Ever wonder why countries like Haiti can't ‘print more money’ to run their governments when they're broke? It's because they're NOT a reserve currency. That's what's happening to the United States. We're becoming Haiti...we're losing reserve currency status because of Obama and the filthy lying democrats.
YES.
When the United States loses ‘reserve currency’ status (which is what Russians and Chinese are doing with this move) we won't be able to ‘print’ our way out of debt.
Ever wonder why countries like Haiti can't ‘print more money’ to run their governments when they're broke? It's because they're NOT a reserve currency. That's what's happening to the United States. We're becoming Haiti...we're losing reserve currency status because of Obama and the filthy lying democrats.