Godlike Productions - Conspiracy Forum
Users Online Now: 2,677 (Who's On?)Visitors Today: 1,103,855
Pageviews Today: 1,501,087Threads Today: 342Posts Today: 6,709
12:19 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency

 
Anonymous Coward
User ID: 10971613
United States
11/07/2012 03:29 PM
Report Abusive Post
Report Copyright Violation
Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the U.S. dollar and peg their currency to the Chinese yuan…

And now seven out of 10 economies in the region – including South Korea, Indonesia, Malaysia, Singapore and Thailand – track the renminbi more closely than they do the U.S. dollar…

According to the latest report by the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, renminbi-denominated trade accounted for 10 percent of China’s total foreign trade in July. The figure was zero just two years ago.

From July 1 to August 31, global payments in the renminbi rose 15.6 percent, according to Swift as payment in other currencies fell 0.9 percent on the average… [emphasis mine]

We see three obvious points in the quote above:

1) The move from the dollar to the renminbi is now occurring rapidly.

2) Demand for the U.S. dollar is falling as a direct result of this shift.

3) Even Chinese media are attempting to cover-up the collapse of the dollar.

Read more:

[link to etfdailynews.com]
Anonymous Coward (OP)
User ID: 10971613
United States
11/07/2012 03:29 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
Anonymous Coward
User ID: 27248840
United States
11/07/2012 03:37 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
bump
Anonymous Coward
User ID: 6630717
Canada
11/07/2012 03:37 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
This is/was going to happen regardless of who sits in the oval office. It is inevitable and the writing has been on the wall for years.
Anonymous Coward
User ID: 12064276
United States
11/08/2012 07:41 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
they forget to add cambodia to their list... the central bank now has renminbi in their reserve besides the dollars and china is investing and loaning money very heavily there...that 's what worry the US and panetta is scheduled to visit there soon.
Anonymous Coward
User ID: 6685296
United States
11/08/2012 07:43 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
whatever
Anonymous Coward
User ID: 27343763
United States
11/08/2012 07:45 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


Damn straight it will.

Congratulations Democrats!

All that free money you thought you voted to yourselves?

It's about to become worthless!!

HAHAHHAHAHA!

ohappy
Anonymous Coward
User ID: 27343763
United States
11/08/2012 07:46 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
they forget to add cambodia to their list... the central bank now has renminbi in their reserve besides the dollars and china is investing and loaning money very heavily there...that 's what worry the US and panetta is scheduled to visit there soon.
 Quoting: Anonymous Coward 12064276


Panetta is more of a godamn commie than Hu Jin Tao.
Once4All
The Truth Is Clear To Everyone!

User ID: 27336683
United States
11/08/2012 07:48 PM

Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


Most likely!

Thanks for the info.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Northman

User ID: 1101610
United States
11/08/2012 07:50 PM

Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Yeah it's got a real ring to it. What it aint got is:

Components that make it interchangeable for anything
anywhere in the world.
Anonymous Coward
User ID: 957572
United States
11/08/2012 07:52 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
these pricks can't sell drywall that is not toxic , think they can get people too trust their currency ?

ha the day the fucko's try to gold back their currency as in exchange currency for gold , their whole fucking stash of PM's will be gone.

given the chinese are wily bastards and meant in a good way, they will have counterfeiting problems up the ass , along with a good dope slapping of idenity theft ) it will be an epic clownfuck
Anonymous Coward
User ID: 14544295
United States
11/08/2012 07:54 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
WONDERFUL !

We/they accept another FIAT, worthless paper not ours. That's about as bright as dropping one alcoholic, nonworking bum for ANOTHER !

Now THAT would make headlines, in your two celled brain.... LOL !
Anonymous Coward
User ID: 14544295
United States
11/08/2012 07:56 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
OP is 'out' for a while ..... vomiting !
Anonymous Coward
User ID: 1707881
United States
11/08/2012 07:59 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
banana2banana2

Obama gonna go down as worst prez ever! Glad he won now!
Fatstogie

User ID: 21157412
11/08/2012 08:00 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


This has been in the works for decades. Your retarded if you think Obama has anything to do with it.

Oh and its already accelerating rapidly. But only because the FED looses its charter to print the dollar on 12/21/12.

Funny date huh? Self fulfilling prophecy much?

Last Edited by Fatstogie on 11/08/2012 08:01 PM
Anonymous Coward
User ID: 14564403
United States
11/08/2012 08:04 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


Damn straight it will.

Congratulations Democrats!

All that free money you thought you voted to yourselves?

It's about to become worthless!!

HAHAHHAHAHA!

ohappy
 Quoting: Anonymous Coward 27343763


God you are lost. Please read a history book and take economics class.
tandym

User ID: 14038453
United States
11/08/2012 08:08 PM

Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
So how does one go about securing some Renminbi to save for a rainy day?
Buck Johnson

User ID: 24110709
United States
11/08/2012 08:12 PM

Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the U.S. dollar and peg their currency to the Chinese yuan…

And now seven out of 10 economies in the region – including South Korea, Indonesia, Malaysia, Singapore and Thailand – track the renminbi more closely than they do the U.S. dollar…

According to the latest report by the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, renminbi-denominated trade accounted for 10 percent of China’s total foreign trade in July. The figure was zero just two years ago.

From July 1 to August 31, global payments in the renminbi rose 15.6 percent, according to Swift as payment in other currencies fell 0.9 percent on the average… [emphasis mine]

We see three obvious points in the quote above:

1) The move from the dollar to the renminbi is now occurring rapidly.

2) Demand for the U.S. dollar is falling as a direct result of this shift.

3) Even Chinese media are attempting to cover-up the collapse of the dollar.

Read more:

[link to etfdailynews.com]
 Quoting: Anonymous Coward 10971613


And it's also the reason why China is stockpiling gold and precious resources.
[link to www.s8int.com]

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Quote from Joseph Goebbels Hitlers propaganda man.
Anonymous Coward
User ID: 13641821
United States
11/08/2012 08:13 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
bump
Anonymous Coward
User ID: 21588115
United States
11/08/2012 08:13 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
these pricks can't sell drywall that is not toxic , think they can get people too trust their currency ?

ha the day the fucko's try to gold back their currency as in exchange currency for gold , their whole fucking stash of PM's will be gone.

given the chinese are wily bastards and meant in a good way, they will have counterfeiting problems up the ass , along with a good dope slapping of idenity theft ) it will be an epic clownfuck
 Quoting: Anonymous Coward 957572


Its funny that you bring up gold. There have been many reports that china has recently been calling in for all their physical gold from the US and European reserves. There have also been reports that a foundry in Switzerland has been pouring kilo sized bars for them along with china doing it themselves. They are very likely positioned to have the only true gold backed currency in the world. All the while, they have been buying up our debt as leverage to do this. Once they dump that debt back on us and prop up their currency with a true gold backing, its lights out for the dollar and the US in general.
Anonymous Coward
User ID: 17694439
United States
11/08/2012 08:14 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


Damn straight it will.

Congratulations Democrats!

All that free money you thought you voted to yourselves?

It's about to become worthless!!

HAHAHHAHAHA!

ohappy
 Quoting: Anonymous Coward 27343763


God you are lost. Please read a history book and take economics class.
 Quoting: Anonymous Coward 14564403


Hey Knumbskull, that’s what the problem is. Economics teaches the free trade system of price discovery through open and transparent markets.

What do we have ? laugh

again what do we have ? dick
BCHD

User ID: 9041357
United States
11/08/2012 08:15 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


This has been in the works for decades. Your retarded if you think Obama has anything to do with it.

Oh and its already accelerating rapidly. But only because the FED looses its charter to print the dollar on 12/21/12.

Funny date huh? Self fulfilling prophecy much?
 Quoting: Fatstogie


I agree :retards. But the charter expiration is false, it was voted to extend it indefinately way back. It can only be overturned by an act of congress.


This was interesting......Finally some real news




tiemunch
Anonymous Coward
User ID: 17694439
United States
11/08/2012 08:16 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
these pricks can't sell drywall that is not toxic , think they can get people too trust their currency ?

ha the day the fucko's try to gold back their currency as in exchange currency for gold , their whole fucking stash of PM's will be gone.

given the chinese are wily bastards and meant in a good way, they will have counterfeiting problems up the ass , along with a good dope slapping of idenity theft ) it will be an epic clownfuck
 Quoting: Anonymous Coward 957572


Its funny that you bring up gold. There have been many reports that china has recently been calling in for all their physical gold from the US and European reserves. There have also been reports that a foundry in Switzerland has been pouring kilo sized bars for them along with china doing it themselves. They are very likely positioned to have the only true gold backed currency in the world. All the while, they have been buying up our debt as leverage to do this. Once they dump that debt back on us and prop up their currency with a true gold backing, its lights out for the dollar and the US in general.
 Quoting: Anonymous Coward 21588115


The money changers will blame it on the Chinese !
Anonymous Coward
User ID: 27339817
United States
11/08/2012 08:16 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


This has been in the works for decades. Your retarded if you think Obama has anything to do with it.

Oh and its already accelerating rapidly. But only because the FED looses its charter to print the dollar on 12/21/12.

Funny date huh? Self fulfilling prophecy much?
 Quoting: Fatstogie


if the Fed loses its charter ?
what then???
and how did you find that information anyway?

just pondering...
BCHD

User ID: 9041357
United States
11/08/2012 08:22 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
So how does one go about securing some Renminbi to save for a rainy day?
 Quoting: tandym


They actually just opened up their own PM market last year.


[link to www.asianmetal.com]


not sure if this is the place to get it, but look around. This is one of the only ways to tap into the RMB.
BCHD

User ID: 9041357
United States
11/08/2012 08:24 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


This has been in the works for decades. Your retarded if you think Obama has anything to do with it.

Oh and its already accelerating rapidly. But only because the FED looses its charter to print the dollar on 12/21/12.

Funny date huh? Self fulfilling prophecy much?
 Quoting: Fatstogie


if the Fed loses its charter ?
what then???
and how did you find that information anyway?

just pondering...
 Quoting: Anonymous Coward 27339817


this is false info. Congress must act to get rid of the FED
Anonymous Coward
User ID: 1488727
United States
11/08/2012 08:24 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
This is/was going to happen regardless of who sits in the oval office. It is inevitable and the writing has been on the wall for years.
 Quoting: Anonymous Coward 6630717


True, but everything for last 4 years everything was the fault of the republician, not Obama. So when will he take any of the blame.
Keystone pipe line, 2 years on fail health care plan instead of working on creating jobs. Shutting down coal mines. Spend billions on solar energy that yeild nothing but debt. I can go on but you get idea
Anonymous Coward
User ID: 13700709
Argentina
11/08/2012 08:40 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


strongman shelford right again, and again.
Anonymous Coward
User ID: 13700709
Argentina
11/08/2012 08:40 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


strongman shelford right again, and again.
GFX guy

User ID: 9776422
United States
11/08/2012 08:43 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Now that Obama has been re-elected, this will accelerate rapidly.
 Quoting: Anonymous Coward 10971613


This has been in the works for decades. Your retarded if you think Obama has anything to do with it.

Oh and its already accelerating rapidly. But only because the FED looses its charter to print the dollar on 12/21/12.

Funny date huh? Self fulfilling prophecy much?
 Quoting: Fatstogie


I agree :retards. But the charter expiration is false, it was voted to extend it indefinately way back. It can only be overturned by an act of congress.


This was interesting......Finally some real news




tiemunch
 Quoting: BCHD


damned
Anonymous Coward
User ID: 27314276
United States
11/08/2012 08:58 PM
Report Abusive Post
Report Copyright Violation
Re: Renminbi Relentlessly Replacing U.S. Dollar As Global Reserve Currency
Who can even pronounce Renminbi?
If they shorten it to Ren, like Ren and Stimpy,
I'll buy some.

News