China tells US "good old days" of borrowing are over, demands stable world currency
Wadaich
Prime Minister (20k+ posts)
PkRevolution
Chief Minister (5k+ posts)
Re: China tells US "good old days" of borrowing are over
Not only you all of your Indian firends don't want to see this US economy crash. Next week is total crash in markets.
Not only you all of your Indian firends don't want to see this US economy crash. Next week is total crash in markets.
crankthskunk
Chief Minister (5k+ posts)
China Demands Stable World Currency: Yahoo
According to the story of Yahoo, China has demanded new stable global reserve currency.
The day Dollar is removed as global reserve currency America would finish instantaneously, with no hope of recovery or survival. I have predicted in the past and stating again, mark my words, American would be split in to different countries if this goes out of control. America is only living because of Dollars position in the world, like I explained in one of my thread, they can print money and spend it on the Wars without suffering much from inflation. Plus they can pay for imports from extra money printed. This also takes the extra currency out of the domestic money supply, dampening the chances of hyperinflation.
If it was a smaller country, America would have launch a war against it, like against Libya or in the past against Iraq. But this is China, you can not do so unless you want to start WWIII.
I have this nasty feeling that USA as a dying superpower may start WWIII out of frustration or in the hope that it may revive its economy but defence production needed to conduct the war.
Whatever, the world would be a better place without USA. Since its inception it has given nothing but wars to the world. Then they have the guts to say Islam teaches militancy, what a shame.
According to the story of Yahoo, China has demanded new stable global reserve currency.
The day Dollar is removed as global reserve currency America would finish instantaneously, with no hope of recovery or survival. I have predicted in the past and stating again, mark my words, American would be split in to different countries if this goes out of control. America is only living because of Dollars position in the world, like I explained in one of my thread, they can print money and spend it on the Wars without suffering much from inflation. Plus they can pay for imports from extra money printed. This also takes the extra currency out of the domestic money supply, dampening the chances of hyperinflation.
If it was a smaller country, America would have launch a war against it, like against Libya or in the past against Iraq. But this is China, you can not do so unless you want to start WWIII.
I have this nasty feeling that USA as a dying superpower may start WWIII out of frustration or in the hope that it may revive its economy but defence production needed to conduct the war.
Whatever, the world would be a better place without USA. Since its inception it has given nothing but wars to the world. Then they have the guts to say Islam teaches militancy, what a shame.
mh.saghir
Minister (2k+ posts)
Re: China tells US "good old days" of borrowing are over
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.
this is interesting and the main point in the news; means US's monopoly is ended now...(clap)(clap)(clap)
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.
this is interesting and the main point in the news; means US's monopoly is ended now...(clap)(clap)(clap)
Re: China tells US "good old days" of borrowing are over
I heard about Americo as the common currency of North America against Euro sometime couple of years ago. I do not know what is its fate now. May be @biomat can throw some light on the currency issues. Today I only see one solution. China/ Russia/Turkey together come up with a new currency. We may wana call it "Communo". I would love to see oil traded in Yuan (RMB). Deenar or gold coins would be ultimate but it is a far cry as the world does not have enough gold to support it.
biomat
Minister (2k+ posts)
Re: China tells US "good old days" of borrowing are over
Assalam-o-alaikum
Due to ramadan i am out of touch mostly. But from my research this crisis is leading to new level.
That is world war or riots.. then new currency based on gold & silver. Silver might come same to Gold as some speculate that SILVER may be the best choice for today buying. All this SILVER to GOLD price ratio is artificial & hyped so that common man should sell their belongings to buy as much paper as possible.
My brother told me that in Canada these gold shops (buying mostly not selling) have risen up like mushrooms (like pakistani mobile shop or balance UTOP shop) buying gold & silver from common man.
When he asked them about his desire to buy silver they refused to sell...
=============
ALLAH knows best what is next.. But most indicators are pointing towards shifting from PAPER to PRECIOUS METAL soon..
I will keep u posted if i get any breaking news from my sources..;)
Dear Bro Shamsheer
Assalam-o-alaikum
Due to ramadan i am out of touch mostly. But from my research this crisis is leading to new level.
That is world war or riots.. then new currency based on gold & silver. Silver might come same to Gold as some speculate that SILVER may be the best choice for today buying. All this SILVER to GOLD price ratio is artificial & hyped so that common man should sell their belongings to buy as much paper as possible.
My brother told me that in Canada these gold shops (buying mostly not selling) have risen up like mushrooms (like pakistani mobile shop or balance UTOP shop) buying gold & silver from common man.
When he asked them about his desire to buy silver they refused to sell...
=============
ALLAH knows best what is next.. But most indicators are pointing towards shifting from PAPER to PRECIOUS METAL soon..
I will keep u posted if i get any breaking news from my sources..;)
biomat
Minister (2k+ posts)
Re: China Demands Stable World Currency: Yahoo
http://www.siasat.pk/forum/showthre...quot-good-old-days-quot-of-borrowing-are-over
http://www.siasat.pk/forum/showthre...quot-good-old-days-quot-of-borrowing-are-over
Unicorn
Banned
Re: China Demands Stable World Currency: Yahoo
China has demanded who for new global currency?? Maybe the rest of the world? if they did than good luck.
Its up to China to decid how they want to get paid for their goods they can tell any country to whom they sell to as how the want to get paid. No one is forcing US dollars on them.
Which currency China suggests that we all deal with? Pakistani Rupee[hilar]
America will split into many small countries? is this a soofi's dreams, if it is only than it can happen.:lol:
United States Of America, the Greatest country in the World will survive.
China has demanded who for new global currency?? Maybe the rest of the world? if they did than good luck.
Its up to China to decid how they want to get paid for their goods they can tell any country to whom they sell to as how the want to get paid. No one is forcing US dollars on them.
Which currency China suggests that we all deal with? Pakistani Rupee[hilar]
America will split into many small countries? is this a soofi's dreams, if it is only than it can happen.:lol:
United States Of America, the Greatest country in the World will survive.
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crankthskunk
Chief Minister (5k+ posts)
The Future of America
I have just started a new threat with China demanding that the World should have a new stable world reserve Currency. Here is a realistic trailer, from USA, Ironically.
Detroit once used to be the Car Manufacturing Capital of the World. But now have turned in to a Ghetto.
Once dollar is not the reserve currency of the world, the whole of USA will become like Detroit.
Without dollar's backing, it wouldn't be able to even finance the purchase of oil to run its economy. Once the imports are restricted and economy is hit. Worst hit would be on manufacturing because of import of oil.
It would be a snowball effect, first problems with balance of payment, imports hit, industry hit, communication, i.e. movement of goods and people effected. Followed by increase in unemployment, less tax revenue, contraction of the Economy, widening of the budgetary deficit. Cuts in services as a result.
END would be like DETROIT: A GHETO
I have just started a new threat with China demanding that the World should have a new stable world reserve Currency. Here is a realistic trailer, from USA, Ironically.
Detroit once used to be the Car Manufacturing Capital of the World. But now have turned in to a Ghetto.
Once dollar is not the reserve currency of the world, the whole of USA will become like Detroit.
Without dollar's backing, it wouldn't be able to even finance the purchase of oil to run its economy. Once the imports are restricted and economy is hit. Worst hit would be on manufacturing because of import of oil.
It would be a snowball effect, first problems with balance of payment, imports hit, industry hit, communication, i.e. movement of goods and people effected. Followed by increase in unemployment, less tax revenue, contraction of the Economy, widening of the budgetary deficit. Cuts in services as a result.
END would be like DETROIT: A GHETO
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bons
Minister (2k+ posts)
Unicorn
Banned
Re: China Demands Stable World Currency: Yahoo
I am very much Indian who love America too.
I am very much Indian who love America too.
bons
Minister (2k+ posts)
Re: China Demands Stable World Currency: Yahoo
Everytime I read your pro America posts, I feel that you are an American. I havent seen such patriotic posts for India.
Everytime I read your pro America posts, I feel that you are an American. I havent seen such patriotic posts for India.
Unicorn
Banned
Re: China Demands Stable World Currency: Yahoo
How can I call India the greatest country in the world when its not. I stand up for India and US when I should and don't when I should not read my posts.
How can I call India the greatest country in the world when its not. I stand up for India and US when I should and don't when I should not read my posts.
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Re: The Future of America
a by name muslim ten years ago fought against me passionately when i predicted americans downfall after they mess with true muslim mujahideen of khurasaan...still these ********** have hard time believing that america may be on its death bed
a by name muslim ten years ago fought against me passionately when i predicted americans downfall after they mess with true muslim mujahideen of khurasaan...still these ********** have hard time believing that america may be on its death bed
only_truths
Minister (2k+ posts)
Listen to Dr. Manmohansingh as an economist regarding his views of American resilence and alternative to dollar. This interview was two years back, I still belive it holds good even for today.
Please listen to the interview from 3.10 onwards till the end. He deals with America, China and India in terms of economy.
Please listen to the interview from 3.10 onwards till the end. He deals with America, China and India in terms of economy.
only_truths
Minister (2k+ posts)
Re: The Future of America
I wish Nobel prize committe on Economics takes note of this post.
I wish Nobel prize committe on Economics takes note of this post.
crankthskunk
Chief Minister (5k+ posts)
Re: China Demands Stable World Currency: Yahoo
A Little while back you used to love Russians too.[hilar][hilar][hilar]
They got defeated by the Taliban. You were with the losers then.
Now you are in love with Americans.[hilar][hilar]
They are defeated by the Taliban. You are with the losers now.
I guess something never change.:lol:
And some people never learn.:lol:
Your dream to in circle Pakistan or stop it having influence in Afghanistan would not succeed.
You know why? Because the Afghans and we are the same people. We are the people who ruled over you for over 1000 years.
Take my personal example, both my parents were Pushtoon. My family moved to near Dehli from an area near Pakistan and Afghan's border, during Afghan's rule of India. Despite been rooted in the UK (My great grand mother was from an English Aristocrat family) for over a century, my family never settled in the UK despite having all the chances, because their life at the time of undivided Sub-Continent was far better than most lived in the UK. My elders were educated from the UK but went back.
If someone ask me, I am Pushtoon first and foremost.
Did you get it?(bigsmile)
A Little while back you used to love Russians too.[hilar][hilar][hilar]
They got defeated by the Taliban. You were with the losers then.
Now you are in love with Americans.[hilar][hilar]
They are defeated by the Taliban. You are with the losers now.
I guess something never change.:lol:
And some people never learn.:lol:
Your dream to in circle Pakistan or stop it having influence in Afghanistan would not succeed.
You know why? Because the Afghans and we are the same people. We are the people who ruled over you for over 1000 years.
Take my personal example, both my parents were Pushtoon. My family moved to near Dehli from an area near Pakistan and Afghan's border, during Afghan's rule of India. Despite been rooted in the UK (My great grand mother was from an English Aristocrat family) for over a century, my family never settled in the UK despite having all the chances, because their life at the time of undivided Sub-Continent was far better than most lived in the UK. My elders were educated from the UK but went back.
If someone ask me, I am Pushtoon first and foremost.
Did you get it?(bigsmile)
Re: China tells US "good old days" of borrowing are over
china and usa both are controlled by one world body which is stronger than anyone,so till these "real rulers" of the world dont allow china to do the same the chinese will keep helping americans.
dont you ppl observe one thing that to keep fighting war in afghanistan and iraq america borrows money from china,and china willingly gives it...
this world body that rules us are the king makers of whole world,obama zerdari or kyani etc would not be on their seats if this world body did not want it...and this world body is satanic agents emobodied.
but only wise ppl know the above,,,others will not read my post but will start complaining that i did not use proper capital letters at their right place in my post:lol:.such are ppl today,they eat a camel whole but criticise other people for eating chicken.
china and usa both are controlled by one world body which is stronger than anyone,so till these "real rulers" of the world dont allow china to do the same the chinese will keep helping americans.
dont you ppl observe one thing that to keep fighting war in afghanistan and iraq america borrows money from china,and china willingly gives it...
this world body that rules us are the king makers of whole world,obama zerdari or kyani etc would not be on their seats if this world body did not want it...and this world body is satanic agents emobodied.
but only wise ppl know the above,,,others will not read my post but will start complaining that i did not use proper capital letters at their right place in my post:lol:.such are ppl today,they eat a camel whole but criticise other people for eating chicken.
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