The Cyrrency War Has Started
Oct 27, 2014 11:05:15 #
See how the US will fare if we are no loner the reserve currency.
http://rt.com/business/198928-china-world-bank-rival/
http://rt.com/business/198928-china-world-bank-rival/
Oct 27, 2014 11:29:21 #
NeilL
Loc: British-born Canadian
soba1 wrote:
See how the US will fare if we are no loner the reserve currency.
http://rt.com/business/198928-china-world-bank-rival/
http://rt.com/business/198928-china-world-bank-rival/
Good one for food for thought, Soba. What would happen to China if the US and Canada banned all imports of Chinese-made goods?
Oct 27, 2014 11:34:03 #
NeilL wrote:
Good one for food for thought, Soba. What would happen to China if the US and Canada banned all imports of Chinese-made goods?
They could call us on our debt. We have borowed a lot of money from China.
Its started long before Obama.
Oct 27, 2014 11:37:57 #
NeilL
Loc: British-born Canadian
soba1 wrote:
They could call us on our debt. We have borowed a lot of money from China.
Its started long before Obama.
Its started long before Obama.
Most western countries are heavily in debt. Yes it did, but he increased the borrowing. It has to be reduced soon, or the $ will be worthless, and inflation will go nuts.
Oct 27, 2014 11:42:31 #
NeilL wrote:
Most western countries are heavily in debt. Yes it did, but he increased the borrowing. It has to be reduced soon, or the $ will be worthless, and inflation will go nuts.
I agree. I'm afraid US policy has pissed other countries off.
The situation in the Ukraine is what helped push it.
Russia decided not to sit idly by while we imposed
sanctions on them
People want to say how corporations are interested
in their bottom line.
But it was suicide for them to ship all of their production
over to China.
They sold out their country and the American people
for profit.
Oct 27, 2014 11:44:24 #
NeilL
Loc: British-born Canadian
soba1 wrote:
I agree. I'm afraid US policy has pissed other countries off.
The situation in the Ukraine is what helped push it.
Russia decided not to sit idly by while we imposed
sanctions on them
People want to say how corporations are interested
in their bottom line.
But it was suicide for them to ship all of their production
over to China.
They sold out their country and the American people
for profit.
The situation in the Ukraine is what helped push it.
Russia decided not to sit idly by while we imposed
sanctions on them
People want to say how corporations are interested
in their bottom line.
But it was suicide for them to ship all of their production
over to China.
They sold out their country and the American people
for profit.
Greed overcomes common sense. :-(
Oct 27, 2014 11:48:52 #
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