and this will do what to their dollar peg???
Posted on 01/16/2011 4:21:57 PM PST by Dubya-M-DeesWent2SyriaStupid!
The big message in Hu Jintao's interview with the WSJ is that China is ready for the yuan to play a larger role in the global economy.
But the interview just caps what was already a big week for the Chinese currency.
For example, China said for the first time that it will low foreign investors to participate in yuan-denominated private equity vehicles.
(Excerpt) Read more at businessinsider.com ...
and this will do what to their dollar peg???
Buy Silver. It will become a key component in whatever comes next.
ping
Looks like a gold mine of good info on this thread.
BTTT, because I yuan to read it later.
If the USD is no longer the world reserve currency, expect a 15% to 20% decrease in our standard ofliving.
And the little socialist freaks in power now will have to wave good bye to their big government salaries and to their
money soaked entitlement programs.
Obama has brought Zimbabwe to the USA. Thanks you liberal fascists!
> China doesn’t innovate, and could easily be taken down economically
This may have been true a generation ago, but is not true anymore.
The government school system is become the Bus Ministry of the Church of Nihilistic Hedonistic Socialism.
In these indocrination camps, the children are spoon fed political correctness and are taught to focus more on eachother’s genitals than on mathematics, science, economics, history, or language.
Consider what just happened last week in our local school collective.
http://www.heraldonline.com/2011/01/07/2736831_nh-high-school-bans-safe-sex-kits.html
http://www.sentinelsource.com/articles/2011/01/13/opinion/letters_editor/free/id_423722.txt
I’ll venture that you won’t find that kind of stupidity in the Chinese school system. They don’t have time for it.
What does “AIDS education” have to do with academic excellence? This is “progressive education”?
Isn’t it ironic that the progressive liberal (especially of the CBC) are for... what they fake... they are fighting against?
> And the little socialist freaks in power now will have to
> wave good bye to their big government salaries and to
> their money soaked entitlement programs.
They will never be adversely affected, even if it means reducing everybody else’s standard of living by a factor of ten, even if it means killing large swathes of the population.
> Obama has brought Zimbabwe to the USA. Thanks you liberal fascists!
Yes, not just economically, but socially and politically as well. Expect riots and mass killings. Just like Zimbabwe.
Whereas I agree with you about the loss of focus and the liberal bias that has permeated our educational system, I still stand by what I said. It’s not just about ‘education’. It’s about culture. Free form thinking isn’t fostered in rigid homogeneous societies that emphasize collective thought rather than individualism.
There are many people in the world who have mastered the violin, for example, and can play anything with extreme precision. Few of these people, however, ever write a new piece of music that inspires humanity for centuries. You can make people go to school every waking minute of every day, and push the concept of societal responsibility, but this will not lead to creativity and innovation. That comes, by definition, from individuals. Societies that don’t celebrate the individual will always lag behind in creativity.
We already owe the a Trillion. They own us. We better stop borrowing money from our enemies.
They would only do that if the yuan was a bubble that was about to pop, and they wanted to grab some suckers before it did.
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