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This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!

 
Anonymous Coward
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06/10/2014 10:41 PM
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scaredscaredscared

ahhhahhhahhhahhhahhh
bartmoon
Saddletramp

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06/10/2014 11:13 PM
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The dollar is fucked...

tick-tock-tick-tock...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Anonymous Coward
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06/10/2014 11:24 PM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
[link to www.alt-market.com]


China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.
 Quoting: Anonymous Coward 59099391


There is no validity to this story. The Chinese Yuan is a controlled currency artificially pegged to a low value against the Dollar to increase Chinese exports.
 Quoting: Anonymous Coward 58812623


Learn to read dude!
China has 2 currencies. The yaun AND the RENMINBI. The Renminbi is not pegged.
Anonymous Coward
User ID: 58625653
Mexico
06/10/2014 11:33 PM
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[link to www.alt-market.com]


China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.
 Quoting: Anonymous Coward 59099391


There is no validity to this story. The Chinese Yuan is a controlled currency artificially pegged to a low value against the Dollar to increase Chinese exports.
 Quoting: Anonymous Coward 58812623


Being retard is an option too !!
Anonymous Coward
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06/10/2014 11:42 PM
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glassesoff
Anonymous Coward
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06/10/2014 11:44 PM
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Is this not business as usual?
 Quoting: SuzHannah


No. Very much no.

This is an extraordinary and extremely pivotal moment. Remember where you were when you first read this so you can tell your grandchildren (as you huddle around a garbagecan fire and batmrebeque possum meat over it on wire coathangers).
Anonymous Coward
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06/10/2014 11:50 PM
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[link to www.alt-market.com]


China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.
 Quoting: Anonymous Coward 59099391


Best to call all the wetbacks to Mexico.
Digital mix guy

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06/10/2014 11:51 PM

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bump
Have no fear, Spock is here!!! LLAP
JustChillin

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06/10/2014 11:51 PM
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All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."
-Winston Churchill.
cashmire
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06/10/2014 11:56 PM
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Anyone have time frame speculations on when, how much or how fast hyperinflation will set in. I'm thinking exports could double by the end of the year. Even some domestic products. I guess if you want a big ticket item now's the time to buy.
Anonymous Coward
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06/10/2014 11:58 PM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
 Quoting: JustChillin


Yeah, and if only I didn't diddle that slut in Durango back in '78 on a tequila-n-lude bender, I wouldn't have the herp. Some mistakes from decades ago remain gifts that keep on giving.

Woulda coulda shoulda...

This has been a long time coming. Now it's here.
-The father's dying words to his son in Cormac McCarthy's "The Road."
Anonymous Coward
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06/11/2014 12:00 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
 Quoting: JustChillin


hey, that's what you get for putting 2 wars on the credit card
Anonymous Coward
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06/11/2014 12:05 AM
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— n , pl renminbi
another name for the Chinese yuan
JustChillin

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06/11/2014 12:06 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
 Quoting: JustChillin


hey, that's what you get for putting 2 wars on the credit card
 Quoting: Anonymous Coward 29307


Are you kidding me...? 'O' Racked up MORE DEBT in 4 yrs then 'W' did in 8.

But yea, both are at fault.
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."
-Winston Churchill.
JustChillin

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06/11/2014 12:13 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
[link to www.alt-market.com]


China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.
 Quoting: Anonymous Coward 59099391


Alt-Market...?

Is that anything like.....Bobs news? I don't trust it.
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."
-Winston Churchill.
Anonymous Coward
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United States
06/11/2014 12:14 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
 Quoting: JustChillin


Debt under Reagan was $1.5 trillion.

The next 16 trillion was from BushCo-Clinton-Obama fucking America over for the Skull and Bones, PNAC, and the CFR.

BushCo should be barbequed.
Anonymous Coward
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United States
06/11/2014 12:16 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
 Quoting: JustChillin


Debt under Reagan was $1.5 trillion.

The next 16 trillion was from BushCo-Clinton-Obama fucking America over for the Skull and Bones, PNAC, and the CFR.

BushCo should be barbequed.
 Quoting: Anonymous Coward 45461846


Debt under John F. Kennedy was $300 Billion.

Prior to Kennedy, America was a net CREDITOR nation.


Since 1960, we have been fucked.


BUSHCO!!! GWB was in Dallas running the operation.
Anonymous Coward
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06/11/2014 12:17 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
 Quoting: JustChillin


Debt under Reagan was $1.5 trillion.

The next 16 trillion was from BushCo-Clinton-Obama fucking America over for the Skull and Bones, PNAC, and the CFR.

BushCo should be barbequed.
 Quoting: Anonymous Coward 45461846


Debt under John F. Kennedy was $300 Billion.

Prior to Kennedy, America was a net CREDITOR nation.


Since 1960, we have been fucked.


BUSHCO!!! GWB was in Dallas running the operation.
 Quoting: Anonymous Coward 45461846


GHWB that is.
Anonymous Coward
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06/11/2014 12:19 AM
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Consequences: [link to www.biblegateway.com]
Chay-Ophan

User ID: 55263579
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06/11/2014 12:21 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
[link to www.alt-market.com]


China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.
 Quoting: Anonymous Coward 59099391


There is no validity to this story. The Chinese Yuan is a controlled currency artificially pegged to a low value against the Dollar to increase Chinese exports.
 Quoting: Anonymous Coward 58812623


Thanks for cutting through the hysterics and providing clarification.
ChayOphan
Anonymous Coward
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Ireland
06/11/2014 12:21 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
I'd rather Yuan than Dollar right now - more upside unless the US wakes up politically.

No one wats the world currency controled by a totaliarian state.

So I hope the US get itself together.
Anonymous Coward
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United States
06/11/2014 12:26 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
So will V the Guerrilla Economist be proven right this month?

He said come june/July timeframe a major shtf event would begin.
Saddletramp

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06/11/2014 12:26 AM
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Make no mistake, we deserve everything we're about to get...

17 Trillion in debt with another 22 Trillion in unfunded liabilities, who the fuck thought that was feasible?
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Anonymous Coward
User ID: 51954317
United States
06/11/2014 12:29 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
 Quoting: JustChillin


Yeah, and if only I didn't diddle that slut in Durango back in '78 on a tequila-n-lude bender, I wouldn't have the herp. Some mistakes from decades ago remain gifts that keep on giving.

Woulda coulda shoulda...

This has been a long time coming. Now it's here.
-The father's dying words to his son in Cormac McCarthy's "The Road."
 Quoting: Anonymous Coward 59068803


Best reply so far

hesright
Anonymous Coward
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06/11/2014 12:32 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Please don't take this lightly, get ready folks hiding
Anonymous Coward
User ID: 58625653
Mexico
06/11/2014 12:34 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
[link to www.alt-market.com]


China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.
 Quoting: Anonymous Coward 59099391


Alt-Market...?

Is that anything like.....Bobs news? I don't trust it.
 Quoting: JustChillin


In fact, the real source was the Financial Times but you don't have a paid subscription to read it , do you ??
cruise



[link to blogs.ft.com]
Anonymous Coward
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United States
06/11/2014 12:35 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Please, if you have children, try to find a piece of land and buy it outright

The downtrodden masses of Europe came to America for the chance to own LAND. When this house of cards comes tumbling down, your children may have a prayer of rebuilding.

See that you educate them properly, the time is short now. They must know basic survival skills: how to observe their environment, how to evaluate threats and risks, how to blend in, how to find food and water, how to make a good decision (strategic thinking process), how to keep opsec (i.e. keep their mouth shut), how to know who is trustworthy. Kids who grow up ghetto style learn all this from daily experience. However, if you are living a suburban lifestyle and your child is sitting in front of the XBox right now, you are not doing your job as a parent. I suggest you take up camping as the new family hobby and make it extreme camping as soon as you can. Surviving in the years ahead will be NO JOKE. Get ready. It really is that bad.
Anonymous Coward
User ID: 58625653
Mexico
06/11/2014 12:36 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Make no mistake, we deserve everything we're about to get...

17 Trillion in debt with another 22 Trillion in unfunded liabilities, who the fuck thought that was feasible?
 Quoting: Saddletramp


You don't want to know ..in fact nobody wants to !!

[link to www.theglobeandmail.com]
Anonymous Coward
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06/11/2014 12:41 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
All of this would not be happening if we didn't rack up DEBT. 17 Trillion & counting...
 Quoting: JustChillin


hey, that's what you get for putting 2 wars on the credit card
 Quoting: Anonymous Coward 29307


IT'S NOT OUR DEBT IT IS A BANKER SCAM. THE DEBT BELONGS TO WASHINGTON DC AND THE BANKERS WHO CONTROL IT. THEY JUST WANT TO SUCKER YOU AND I INTO PAYING FOR IT. IF ANYTHING THEY OWE US FOR THE USE OF OUR YOUNG MEN AND WOMEN, THEY USED THEM TO CONQUER OTHER COUNTRIES AND STEAL NATURAL RESOURCES.

THEY ALSO INSTALL ONE OF THEIR FEDERAL RESERVE STYLE MONEY MAKING MACHINES IN THOSE COUNTRIES FOR SHADOW GOVERNMENT CONTROL. THEY USED US TO BUILD THEIR BANKING EMPIRE AND THEY GOT US TO GO ALONG WITH IT THROUGH THE FRAUD THEY COMMITTED ON 911.

THEY SHOULD PAY US AND/OR WE SHOULD PUT THEM IN JAIL.
ICELAND DID.
Anonymous Coward
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06/11/2014 12:42 AM
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[link to www.alt-market.com]


China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.
 Quoting: Anonymous Coward 59099391


Alt-Market...?

Is that anything like.....Bobs news? I don't trust it.
 Quoting: JustChillin


I know ... there is no validity to the story , but prepper ,barter and financial doom tards get their hopes up when they read bias news like this.


These people have shitty and miserable life that all they wish is financial doom so every one will be miserable like them.

Hey doom tards , get rid of all that negative energy .... find positive energy and change your mindset so you can dig yourselves out of the shit hole you are in.





GLP