China To Dump One Trillion In U.s. Reserves!!!!

Discussion in 'World Events' started by Ghost_007, Dec 17, 2006.

  1. Ghost_007 Registered Senior Member

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    Published December 15, 2006 7:27 PM EST
    *** BREAKING NEWS ***
    CHINA TO DUMP ONE TRILLION IN U.S. RESERVES!!!!
    Tells visiting Bush administration officials they will not sit back and lose their shirts as U.S. Dollar collapses; they are getting out fast and large!!!!!!

     
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  3. S.A.M. uniquely dreadful Valued Senior Member

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    Why hasn't this made the news?
     
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  5. The Devil Inside Banned Banned

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    billy t said it months ago.
     
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  7. S.A.M. uniquely dreadful Valued Senior Member

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    Yes, but you'd think something like this would be hitting all the headlines here.

    Or not?

    Please Register or Log in to view the hidden image!

     
  8. Ghost_007 Registered Senior Member

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  9. The Devil Inside Banned Banned

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    maybe to quell panic?
     
  10. Ghost_007 Registered Senior Member

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    News like this is normally swept under the carpet.
     
  11. Baron Max Registered Senior Member

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    'Cause only a select few people in the world will be affected in any direct way. I.e., it don't make no fuckin' difference in anything that the average Joe does or says.

    Baron Max
     
  12. Ghost_007 Registered Senior Member

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    I wouldn't jump the gun. The sources are weak, can't say anything for certain at this point.
     
  13. Nickelodeon Banned Banned

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    Wet dream come true........?
     
  14. The Devil Inside Banned Banned

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    if the chinese did this, the wallet full of dollars you have in your pocket, the bank accounts you have...etc.....would become meaningless numbers.
    think: the great depression multiplied by five.
     
  15. terryoh Registered Senior Member

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    388
    Hal Turner show? Hmmm...is that even credible?

    That's like relying on the World Daily Net for news. World Daily Net every so often comes out with a "OHHH! TERRORIST ATTACK IMMINENT BEFORE (insert date)" and then nothing happens at all.

    Sounds more like a joke than anything else. The comments (in the article) are way too blunt and juvenile to sound official, no offense.
     
  16. Ghost_007 Registered Senior Member

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    Agreed.

    An interesting article:

    http://www.moneyandmarkets.com/press.asp?rls_id=616&cat_id=6
     
  17. Baron Max Registered Senior Member

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    23,053
    So, you see? The Chinese would be absolutely stupid to do such a thing to their best customers for their products, wouldn't they?

    Think for a change, okay? ...before you do any panicking and worry.

    Baron Max
     
  18. The Devil Inside Banned Banned

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  19. The Devil Inside Banned Banned

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    you obviously know nothing about the larger picture, if this were to happen.

    this, from the guy that gives himself a title of nobility, but says he was raised on a dirt farm.
     
  20. Baron Max Registered Senior Member

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    For China to do such a thing as you suggest, it would send China's own economy into a major downward tailspin. Yet you seem to think that China wouldn't be harmed at all ...how do you figure that? When the US is their biggest consumer of Chinese goods?

    Even dirt-poor farmers can learn a little bit in 62 years.

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    Baron Max
     
  21. madanthonywayne Morning in America Registered Senior Member

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    So would the majority of China's reserve of US currency. Once they started the sell off, they couldn't sell dollars fast enough. They'd also take a big hit. Not to mention that the US is their largest market. Throwing us into recession/depression would hurt them almost as much as us. Here's a nice summary:
     
  22. The Devil Inside Banned Banned

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    Exports: $762.0 billion (2005)
    Exports - commodities: machinery and equipment, plastics, optical and medical equipment, iron and steel
    Exports - partners: US 21.0%, EU 18.1%, Hong Kong 17.0%, Japan 12.4%, ASEAN 7.2%, South Korea 4.7% (2004)

    Imports: $660.12 billion (2005)
    Imports - commodities: machinery and equipment, oil and mineral fuels, plastics, optical and medical equipment, organic chemicals, iron and steel
    Imports - partners: Japan 16.8%, EU 12.4%, ASEAN 11.2%, South Korea 11.1%, US 7.9%, Russia 2.2% (2004)
    http://en.wikipedia.org/wiki/Economy_of_the_People's_Republic_of_China

    judging from the growth stated in the article, the losses would be a drop in the bucket by 2009.
     
  23. Ghost_007 Registered Senior Member

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    2,170
    Mate, I wouldn't say it was neat, i'd call it fucking scary!

    This is from the article:

    Sources are more solid.

    Another website:

    http://www.chinanews.cn//news/2005/2006-12-16/31524.html

    It’s hard to get a realistic view when you have to deal with soft-fluffy bullshit like that.
     

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