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India Joins Russia, China in Questioning U.S. Dollar Dominance

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Anonymous Coward
User ID: 710900
7/5/2009 11:43 AM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
When I saw this thread title I got an image of 3 sharks circling around a whale corpse.

anonanon
User ID: 265891
7/5/2009 11:43 AM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
About the only thing that might really shore up the value of the dollar is the USA goes on a gold & platinum standard to establish its value. Right now it is just backed by our taxes and all the printing presses.

Anonymous Coward
User ID: 708904
7/5/2009 11:51 AM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
Watch Brazil joining them soon What did you think the BRIC alliance was for?

Hillcrest
User ID: 392015
7/5/2009 1:39 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
When I saw this thread title I got an image of 3 sharks circling around a whale corpse. Quoting: Anonymous Coward 710900 You can feel events precipitating, gathering energies like storm clouds. - AC728979

Phasesphere Subscriber

Captain Trypps
User ID: 714966
7/5/2009 1:40 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
All the world's indeed a stage, and we are merely players, performers and portrayers. Each anothers audience, outside the gilded cage, -Neal Peart Face your fear, accept your role, It is what it is.-Phasesphere Time is a face on the water. -Stephen KIng

Cunning_linguist
User ID: 658664
7/5/2009 1:44 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
In india you poop in a hole in the floor and use a "community" bucket and cup to wash your bum.... De Bunker Hiding in a Bunker.

Anonymous Coward
User ID: 718782
7/5/2009 2:00 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance

Quote

it wont be the action that leads to the downfall of the dollar but the marketperception of its strength.

The most likely scenario is all these countries are preparing openly to jump the ship once the dollar starts to obviously collapse...

The value of the dollar is nothing more than the trust its holders have in the US economy, thats why they cook the books all the time. Keeping the illusion alive aslong as they can.

What people should read into these stories is a warning of the highest level: change or destruction is imminent. Better heed that warning or suffer the consequence: they will all say we warned you.

Ofcourse there is also the idle hope their assest wont turn to dust, so thats why the rethoric reaches this level. In any case you can bet your life on it they have their finger on the button now.. any sign of worsening of the dollar will mean massive coordinated selloffs. Then there is no stopping the spiral as it is all an automated scenario from then on.

Quoting: NIMSTER 718587

smart money never openly jumps the ship. if they scare us dollar buyers, then they will be stuck with bunch of worthless us dollars.

they say these things to create uncertainty.

Anonymous Coward
User ID: 368888
7/5/2009 3:13 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
About the only thing that might really shore up the value of the dollar is the USA goes on a gold & platinum standard to establish its value. Right now it is just backed by our taxes and all the printing presses. Quoting: anonanon they would have to stop printing if it was backed by anything!

Hiram Abiff
User ID: 718751
7/5/2009 4:14 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
Funny, all the quickly developing economies whose countries are now calling for a new world reserve currency have been hording the dollar for decades now, what happens when they all drop them like a bad habit? [link to www.iamgalt.com]

Anonymous Coward
User ID: 694147
7/5/2009 6:56 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance

Quote

Hmmmm. Maybe India might sing a different tune if America pulled all the business we've sent to them, via things like call centers and so called customer service depts. (which is a joke). Have you ever called some place like your cell phone company or computer company to get a technical question answered and you can't understand a damn word their saying?

Quoting: Anonymous Coward 714112

You willing to work for $5 an hour? Your kids willing to work for $5 an hour? That's what it takes for you to get your phone service for $20 a month, unlimited long distance. Remember what it used to be?

Same story with computers. Remember when it was impossible to get someone on the "customer service" phone at all? Now, you just have to put up with a foreign accent and get service 24/7.

So, you ready to have all your costs go up and work for $% an hour?

Ridiculuous logic.

Anonymous Coward
User ID: 694147
7/5/2009 7:02 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
...add to that no benefits. Dream jobs we want back?

Anonymous Coward
User ID: 712206
7/5/2009 7:06 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance

Quote

China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.

To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.

IMO.

The ability of China to take a hit is bigger than your small brain could fathom. Their willingness to take a hit is even bigger. if the option is one year of no export to the usa or 15 years decline the chinese will dig in and let the pain begin.

+1

Is that before or after 1 Billion stomachs start growling??

China's domestic market is now strong enough to ride out any recession without major impact on its overall performance.

It is just wishfull thinking the rest of the world collapses if the USA does. Get real please.. Obviously those who follow your line of thought are still the majority of ignorant people in the USA.

Think of this... IF what you say is true, then why the hell would india and china be discussion letting the dollar go as major reserve currency??? The answer is obvious: you have been weighted and found wanting. Now deal with it.

Quoting: NIMSTER 718688

they are not strong enough. this downturn has severely
hurt their exports..companies closing and thousands
upon thousands without jobs...if we walk away they are
likely to have a stinking revolution form all of the
hungry mouths

Anonymous Coward
User ID: 551392
7/5/2009 7:36 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
PREPARE GOLD & SILVER !! THESE INDIAN PPL USE A LOT GOLD & SILVER !! EXPECT PRICES GO TO THE MOON !!

Anonymous Coward
User ID: 717093
7/5/2009 8:30 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
i think the course of the dollar was set in motion the minute it was removed from the gold standard. Every currency in history that has been moved off some backing by a precious metal has seen hyperinflation on the way to the dustbin of history. Im surprised its taken so long if Im honest.

Anonymous Coward
User ID: 717787
7/6/2009 12:49 AM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
screw india and china , lets stop giving them our jobs , let them go broke

Anonymous Coward
User ID: 674804
7/11/2009 8:30 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance

Quote

In india you poop in a hole in the floor and use a "community" bucket and cup to wash your bum....

]

Quoting: Cunning_linguist

It will do wonders for your bleeding hemorrhoids. Will be even better if you swab your starfish with some apple cider vinegar.

[link to www.earthclinic.com]

Watch Brazil joining them soon

What did you think the BRIC alliance was for?

Quoting: Anonymous Coward 708904

Exactly. Russia needs these new allies now.

screw india and china , lets stop giving them our jobs , let them go broke

Quoting: Anonymous Coward 717787

Here is some news for you mate - 11 Places With a Worse Economy Than USA (psst!!!! and that does not include China, India or Brazil).

[link to news.yahoo.com]

Razrin™
User ID: 695373
7/11/2009 8:31 PM

Re: India Joins Russia, China in Questioning U.S. Dollar Dominance	Quote
India is going to kick major ass in the next 100 years. See ya.

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