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Posted: 10/27/2010 10:58:08 AM EDT
http://finance.yahoo.com/news/China-official-dollar-apf-1263355013.html?x=0

Well, I guess it isn't just a bunch of gun toting survivalist nutjobs that think our governments runaway printing presses are affecting the global economy. But, I'm sure someone will be along shortly to tell us how there is no inflation and how we're going to pay off all our debts easily with our bullshit service based economy.
Link Posted: 10/27/2010 11:01:58 AM EDT
I was just gonna add fuck China, actually
Link Posted: 10/27/2010 11:02:56 AM EDT
Haha! The Chinese broke the code. We've been telling each other that for a long time.
Link Posted: 10/27/2010 11:04:28 AM EDT
They are interfering in the normal evolution of our trading relationship and markets. As a result they will wind up with a pile of depreciating dollars.
Link Posted: 10/27/2010 11:06:02 AM EDT
I've always wondered. where does that money paper come from?
Link Posted: 10/27/2010 11:06:43 AM EDT
well DUH
Link Posted: 10/27/2010 11:06:51 AM EDT
"Quantitative easing" is a scheme to devalue currency held by foreigners.
Link Posted: 10/27/2010 11:17:18 AM EDT
[Last Edit: 10/27/2010 11:18:47 AM EDT by Makarov92]




Weimar Republic 1923













soon it will be America as well


 
Link Posted: 10/27/2010 11:19:48 AM EDT
Originally Posted By patriot73:
I've always wondered. where does that money paper come from?


It never was "paper".

Congress needs money, asks treasury. Treasury emits bonds, people, bank, foreign countries and the Federal Reserve buy bonds. The Federal Reserve's money is never printed it's just a number they can make up at will because government has little or no control over the Fed and the money supply.

http://en.wikipedia.org/wiki/Federal_reserve
Link Posted: 10/27/2010 11:21:27 AM EDT
it ain't the Chinese communists causing the problems.
Link Posted: 10/27/2010 11:21:33 AM EDT
1.  No kidding?  Printing too much?  Duh!

2.  The Chinese have absolutely NO right to complain as they've been manipulating their currency forever.

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