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 Post subject: Re: Brazil and China eye plan to axe dollar
New postPosted: Tue May 19, 2009 12:48 pm 
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Light Sweet Crude
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Not to change the subject, but he actually looks good on the money. Hey, I call it as I see it.


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 Post subject: Re: Brazil and China eye plan to axe dollar
New postPosted: Tue May 19, 2009 1:34 pm 
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Light Sweet Crude
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Sixstrings wrote:
Not to change the subject, but he actually looks good on the money. Hey, I call it as I see it.


He would look a whole lot better on a toothpaste tube !!!.

Gasmon

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 Post subject: Re: Brazil and China eye plan to axe dollar
New postPosted: Tue May 19, 2009 1:37 pm 
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I'm sure both China and Brazil will decouple from the US economy. Oh, I heard foreign currencies will be the best bet. :roll:


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 Post subject: Re: Brazil and China eye plan to axe dollar
New postPosted: Tue May 19, 2009 1:44 pm 
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Good luck with that. No, they'll keep talking down dollars & buying them. It's a matter of creating jobs.

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 Post subject: Re: Brazil and China eye plan to axe dollar
New postPosted: Tue May 19, 2009 4:29 pm 
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my two cents . i read an article couple days ago that china was using the dollars they got from the us like treasuries &so forth and buying up gold &oil &metals , doing this to unload the dollar. did anyone see the article ? guys im a doomer & this stuff scares me to death . just hope we are ready when it happens cause guys i see a bad moon arisen i see trouble on the way .


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 Post subject: Re: Brazil and China eye plan to axe dollar
New postPosted: Tue May 19, 2009 5:12 pm 
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i definitely saw that article. It was on Bloomberg, I think.

China is turning it's dollars into oil, copper, steel and anything it can get it's hands on.

http://www.bloomberg.com/apps/news?pid= ... refer=bond

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 Post subject: Re: Brazil and China eye plan to axe dollar
New postPosted: Wed May 20, 2009 12:48 pm 
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Light Sweet Crude
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Revi wrote:
i definitely saw that article. It was on Bloomberg, I think.

China is turning it's dollars into oil, copper, steel and anything it can get it's hands on.

http://www.bloomberg.com/apps/news?pid= ... refer=bond


Now THATS a sensible thing to do at the moment.

Gasmon

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 Post subject: China Warns US Against Printing Money
New postPosted: Thu May 28, 2009 6:14 am 
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My goodness the Chinese don't like Obama's spending spree and his use of the Printing Press. http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5379285/China-warns-Federal-Reserve-over-printing-money.html

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Last edited by Ferretlover on Fri May 29, 2009 6:36 pm, edited 1 time in total.
Merged with THE China & the Global Ecoinomy Thread,


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 Post subject: Re: China Warns US Against Printing Money
New postPosted: Thu May 28, 2009 6:22 am 
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The bond markets don't like it either. CYA time.

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 Post subject: Re: China Warns US Against Printing Money
New postPosted: Thu May 28, 2009 6:25 am 
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Here comes inflation. Silver is over $15 today for the first time in a year.

Oil is back up over $60 and holding.

Is this the beginning of a new commodities bull?

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 Post subject: Re: China Warns US Against Printing Money
New postPosted: Thu May 28, 2009 6:35 am 
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Light Sweet Crude
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I watch commodities quite closely. I'd be real careful at the moment. There may be pops in the values but if the economy collapses wholesale and suddenly (which is what I'm anticipating) the commodities are going to get hurt just as bad.
One the next dip in silver and gold bullion I would buy the real thing. I buy silver bullion exclusively. I buy junior mining companies as well, but not right now.

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 Post subject: Re: China Warns US Against Printing Money
New postPosted: Thu May 28, 2009 3:27 pm 
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Heavy Crude
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Revi wrote:
Here comes inflation. Silver is over $15 today for the first time in a year.

Oil is back up over $60 and holding.

Is this the beginning of a new commodities bull?


Might be perceived as a bull market for commodities but really the true value wont go up much in the short term, they will just be worth more dollars as the dollars themselves are worth less. I think thats part of the reason oil has been gaining ground lately, that and the fact that the deficit spending and printing of money has finally started to level off the economic decline at least for now. Might not be a good inflation hedge to invest in commodities related stocks though, what do you guys think?


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 Post subject: Re: China Warns US Against Printing Money
New postPosted: Thu May 28, 2009 6:14 pm 
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I think that unless Obama Taxes the Shit out of everybody in the USA to pay for his spending spree, you are going to see hyperinflation and the collapse of the US dollar.

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 Post subject: Re: China Warns US Against Printing Money
New postPosted: Thu May 28, 2009 10:24 pm 
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apart from china what other countries have the capacity to fund debt in

USA
UK
EU etc?


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 Post subject: Re: China Warns US Against Printing Money
New postPosted: Thu May 28, 2009 10:30 pm 
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Quote:
"We at the Dallas Fed believe the total (of unfunded liabilities) is over $99 trillion," he said in February.


8O Free energy couldn't ever pay that off sum.

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