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View unanswered posts | View active topics
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Sixstrings
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Post subject: Re: Brazil and China eye plan to axe dollar Posted: Tue May 19, 2009 12:48 pm |
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Joined: Tue Jul 08, 2008 12:00 am Posts: 1699
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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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GASMON
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Post subject: Re: Brazil and China eye plan to axe dollar Posted: Tue May 19, 2009 1:34 pm |
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Joined: Sat Mar 29, 2008 12:00 am Posts: 1229 Location: England
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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
_________________ Been there, Done that, Bought the tee-shirt
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hironegro
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Post subject: Re: Brazil and China eye plan to axe dollar Posted: Tue May 19, 2009 1:37 pm |
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Joined: Tue Apr 08, 2008 12:00 am Posts: 432
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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. 
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heroineworshipper
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Post subject: Re: Brazil and China eye plan to axe dollar Posted: Tue May 19, 2009 1:44 pm |
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Joined: Fri Jul 14, 2006 12:00 am Posts: 894 Location: Calif*
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Good luck with that. No, they'll keep talking down dollars & buying them. It's a matter of creating jobs.
_________________ People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions.
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carrottop
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Post subject: Re: Brazil and China eye plan to axe dollar Posted: Tue May 19, 2009 4:29 pm |
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Joined: Fri Jun 08, 2007 12:00 am Posts: 21 Location: wv
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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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Revi
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Post subject: Re: Brazil and China eye plan to axe dollar Posted: Tue May 19, 2009 5:12 pm |
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Joined: Mon Apr 25, 2005 12:00 am Posts: 4255 Location: Maine
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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
_________________ Deep in the mud and slime of things, even there, something sings.
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GASMON
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Post subject: Re: Brazil and China eye plan to axe dollar Posted: Wed May 20, 2009 12:48 pm |
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Joined: Sat Mar 29, 2008 12:00 am Posts: 1229 Location: England
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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=bondNow THATS a sensible thing to do at the moment. Gasmon
_________________ Been there, Done that, Bought the tee-shirt
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deMolay
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Post subject: China Warns US Against Printing Money Posted: Thu May 28, 2009 6:14 am |
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Joined: Sun Sep 04, 2005 12:00 am Posts: 2057
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_________________ "We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
| 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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patience
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Post subject: Re: China Warns US Against Printing Money Posted: Thu May 28, 2009 6:22 am |
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Joined: Fri Jan 04, 2008 1:00 am Posts: 2869
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The bond markets don't like it either. CYA time.
_________________ Local fix-it guy..
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Revi
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Post subject: Re: China Warns US Against Printing Money Posted: Thu May 28, 2009 6:25 am |
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Joined: Mon Apr 25, 2005 12:00 am Posts: 4255 Location: Maine
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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?
_________________ Deep in the mud and slime of things, even there, something sings.
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RdSnt
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Post subject: Re: China Warns US Against Printing Money Posted: Thu May 28, 2009 6:35 am |
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Joined: Wed Feb 02, 2005 1:00 am Posts: 1496 Location: Canada
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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.
_________________ Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
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sicophiliac
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Post subject: Re: China Warns US Against Printing Money Posted: Thu May 28, 2009 3:27 pm |
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Joined: Tue Jun 28, 2005 12:00 am Posts: 407 Location: san jose CA
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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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deMolay
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Post subject: Re: China Warns US Against Printing Money Posted: Thu May 28, 2009 6:14 pm |
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Joined: Sun Sep 04, 2005 12:00 am Posts: 2057
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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.
_________________ "We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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kiwichick
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Post subject: Re: China Warns US Against Printing Money Posted: Thu May 28, 2009 10:24 pm |
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Joined: Sat Aug 02, 2008 12:00 am Posts: 407 Location: berrigan NSW OZ
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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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MonteQuest
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Post subject: Re: China Warns US Against Printing Money Posted: Thu May 28, 2009 10:30 pm |
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Joined: Mon Sep 06, 2004 12:00 am Posts: 14024 Location: Sedona, Arizona
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Quote: "We at the Dallas Fed believe the total (of unfunded liabilities) is over $99 trillion," he said in February.  Free energy couldn't ever pay that off sum.
_________________ A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
Live in Arizona? Check out: http://sustainablearizona.org and read my blog.
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