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

 
Anonymous Coward
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Brazil
06/11/2014 12:46 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
bsflag
Anonymous Coward
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Canada
06/11/2014 12:46 AM
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Is this not business as usual?
 Quoting: SuzHannah




Yes, it kind of is... but in a different way;-)







This was set in motion long ago... we just get to witness it.
Anonymous Coward
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Canada
06/11/2014 12:48 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


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.
 Quoting: Anonymous Coward 58996797


hesright
JustChillin

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United States
06/11/2014 12:58 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.

 Quoting: Anonymous Coward 37998484


Iceland was interesting to watch. First time in history the people actually went after 'the Source' of their problem.
"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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Canada
06/11/2014 01:19 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Watch that Bruce Willis and Joseph Gordon Levitt movie LOOPER and learn about the future. Reminbi, silver and gold is all you need in a poverty stricken, violent America

 Quoting: Anonymous Coward 47342726


AND SO IT BEGINS !!

russia should be the next to dump !!
talkstory

User ID: 59108850
Thailand
06/11/2014 01:32 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
China has indicated that it will allow its currency to appreciate - following months of pressure from the US. Some refer to the currency as the yuan, others call it the renminbi. Who is right?

Chinese yuan
In colloquial speech the yuan has other names too
Both names are perfectly good, but in slightly different ways.

"Renminbi" is the official name of the currency introduced by the Communist People's Republic of China at the time of its foundation in 1949. It means "the people's currency".

"Yuan" is the name of a unit of the renminbi currency. Something may cost one yuan or 10 yuan. It would not be correct to say that it cost 10 renminbi.
talkstory
Anonymous Coward
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United States
06/11/2014 02:02 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
siren2Maybe the reset is happening right in front of us. If U.S. companies choose to abandon dollars for imports, the dollar is in very big trouble, and China may get their wish of a new global currency after all - the renminbi.
 Quoting: G5


THIS
 Quoting: G5


You are THISing your own posts? A litter desperate I'd say.
Infamous-Pigeon

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Canada
06/11/2014 02:04 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
siren2Maybe the reset is happening right in front of us. If U.S. companies choose to abandon dollars for imports, the dollar is in very big trouble, and China may get their wish of a new global currency after all - the renminbi.
 Quoting: G5


Not going to help China either if Chinese products pricing increases dramatically for Americans, there just going to say F* it and not buy anything. Sales are already down, American's are already broke, we don't need any more cheap sh*t. Not saying this is a good thing at all, but the whole world is shifting and coming unglued here.
 Quoting: cashmire 58088371


they're going to say f it and not buy anything. just like that huh. So the U.S. is going to invest US Dollars, which are expensive, to build factories and infrastructure AND employ people, paying them now a considerable amount more than Chinese workers. so now that "Cheap sh*t" cost what like 3 times more, even without having to ship it across the pacific ocean. I just don't think American companies have the capitol to make an investment like that. and i believe it shows once they start importing using a foreign currency. This is concerning considering the seeming exponential growth of that graph. I understand the argument about the value of the currency, however i agree that this is bad news for the American economy because as more use the currency it will push the value of the currency up.
"The only thing nessisary for the triumph of evil is for good men to do nothing." - Edmund Burke

You don't appreciate the water until the well runs dry.
Infamous-Pigeon

User ID: 56905149
Canada
06/11/2014 02:08 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
siren2Maybe the reset is happening right in front of us. If U.S. companies choose to abandon dollars for imports, the dollar is in very big trouble, and China may get their wish of a new global currency after all - the renminbi.
 Quoting: G5


Not going to help China either if Chinese products pricing increases dramatically for Americans, there just going to say F* it and not buy anything. Sales are already down, American's are already broke, we don't need any more cheap sh*t. Not saying this is a good thing at all, but the whole world is shifting and coming unglued here.
 Quoting: cashmire 58088371


they're going to say f it and not buy anything. just like that huh. So the U.S. is going to invest US Dollars, which are expensive, to build factories and infrastructure AND employ people, paying them now a considerable amount more than Chinese workers. so now that "Cheap sh*t" cost what like 3 times more, even without having to ship it across the pacific ocean. I just don't think American companies have the capitol to make an investment like that. and i believe it shows once they start importing using a foreign currency. This is concerning considering the seeming exponential growth of that graph. I understand the argument about the value of the currency, however i agree that this is bad news for the American economy because as more use the currency it will push the value of the currency up.
 Quoting: Infamous-Pigeon


when i mean capitol i mean moral capitol, i know they make billions.
"The only thing nessisary for the triumph of evil is for good men to do nothing." - Edmund Burke

You don't appreciate the water until the well runs dry.
Anonymous Coward
User ID: 59052023
United Kingdom
06/11/2014 02:30 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Not going to help China either if Chinese products pricing increases dramatically for Americans, there just going to say F* it and not buy anything. Sales are already down, American's are already broke, we don't need any more cheap sh*t. Not saying this is a good thing at all, but the whole world is shifting and coming unglued here.
 Quoting: cashmire 58088371


The whole world is not Amerika!

Yes TPTB have allowed China loot the wealth of the USA, with the collusion of the gullible shoppers of Amerika.

It was a nice ride while it lasted.

Millionaires that made money are naively sitting pretty, the multimillionaires are looking to stash some of their wealth else where. Billionaires are spreading it about everywhere.

Money is very different when super-rich they know it's not real. It is only the poor and moderately wealthy who think money is real.

It's only a game played with poor peoples' lives !
Anonymous Coward
User ID: 32667213
United States
06/11/2014 02:53 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Republicans sold you stupid fucks. I'd sell you out too. You are dumb as hell.
Alxander Raven
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United States
06/11/2014 03:10 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Knock it off with the 'we' shit.
We didn't rack up the US debt. We didn't create then crash the housing bubble, tech bubble, education loan bubble.
Any one here manipulating the stock market daily?
Anybody launch a war lately?

Anonymous Coward
User ID: 51694535
United States
06/11/2014 03:16 AM
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US corporations will do what they do best

Screw everybody over to maximize profits
Anonymous Coward
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United States
06/11/2014 03:19 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Republicans sold you stupid fucks. I'd sell you out too. You are dumb as hell.
 Quoting: Anonymous Coward 32667213


The irony is those that shout the loudest about patriotism are the first to abandon ship so they don't lose MONEY
Anonymous Coward
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New Zealand
06/11/2014 03:36 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
one yuan
 Quoting: talkstory

yi kuai
Anonymous Coward
User ID: 1313288
United States
06/11/2014 04:15 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


Even with out those 2 wars we would still be in the same boat. Obama is hell bent on the destruction of America!
Anonymous Coward
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United States
06/11/2014 04:17 AM
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Republicans sold you stupid fucks. I'd sell you out too. You are dumb as hell.
 Quoting: Anonymous Coward 32667213


Democrats and Republicans are both to blame. But the Democrats have done the most harm to this Country
Lester
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United States
06/11/2014 04:17 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


Hey Dummy,

"We" didn't rack up all that debt.

The fucking Nation has been LOOTED, Setup so there can be no renewal, revival, or rebuilding. Debt was under $2T when Reagan took office. Under $8T when Bush II final months began the Looting in frenzied fashion. Continues to this day. All the bail-outs of Euro banks: put on the USA...

None of this shit is Constitutional or "our debt".

Fraud is like that; not binding on you unless upon discovery, you accept it and go with it...

Don't perpetuate the fraud or the myths.

We don't owe anyone who bought USA paper a damn thing and the debt the politicos racked up for their masters ain't ours...
Anonymous Coward
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United States
06/11/2014 05:10 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Renminbi what a fucked up name
 Quoting: Anonymous Coward 22518552


22518552

What a fucked up number!!!!
Anonymous Coward
User ID: 52784467
United States
06/11/2014 05:13 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
SELL SELL SELL THE US IS GONNA COLLAPSE!!!!

HERE

WE

GO!!!
Anonymous Coward
User ID: 53250709
United States
06/11/2014 06:05 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
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).
 Quoting: Anonymous Coward 59068803


Thank you.
Anonymous Coward
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United States
06/11/2014 06:12 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Knock it off with the 'we' shit.
We didn't rack up the US debt. We didn't create then crash the housing bubble, tech bubble, education loan bubble.
Any one here manipulating the stock market daily?
Anybody launch a war lately?


 Quoting: Alxander Raven 46291152


Thanks for saying it. It's like blaming the victim of a mugging for being mugged.
Anonymous Coward
User ID: 59118986
Australia
06/11/2014 06:19 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Renminbi what a fucked up name
 Quoting: Anonymous Coward 22518552


That's what I was thinking.
Why not just call it a Yang or a Ying,
Something that rolls of the tongue.
Anonymous Coward
User ID: 57203240
United States
06/11/2014 06:36 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Old news...this was posted a week ago...

Fail.
The Bard
User ID: 35597183
United States
06/11/2014 06:37 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Yes, and add to this the boomeranging freshly printed bucks that are coming back out of Europe and Asia, and you have Argentina, or Zimbabwe, or worse yet, Weimar, Germany.

It's tough times ahead for the entire world. No global currency transition has ever been smooth.
Anonymous Coward
User ID: 35597183
United States
06/11/2014 06:38 AM
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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
Not going to help China either if Chinese products pricing increases dramatically for Americans, there just going to say F* it and not buy anything. Sales are already down, American's are already broke, we don't need any more cheap sh*t. Not saying this is a good thing at all, but the whole world is shifting and coming unglued here.
 Quoting: cashmire 58088371


The whole world is not Amerika!

Yes TPTB have allowed China loot the wealth of the USA, with the collusion of the gullible shoppers of Amerika.

It was a nice ride while it lasted.

Millionaires that made money are naively sitting pretty, the multimillionaires are looking to stash some of their wealth else where. Billionaires are spreading it about everywhere.

Money is very different when super-rich they know it's not real. It is only the poor and moderately wealthy who think money is real.

It's only a game played with poor peoples' lives !
 Quoting: Anonymous Coward 59052023


You're right, China is actually in worse shape. Their economy is more propped up than our house of cards. It's all a shit sammich, so hold your nose and open wide.
F-BVFA

User ID: 48442288
France
06/11/2014 06:39 AM

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Re: This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!
siren2Maybe the reset is happening right in front of us. If U.S. companies choose to abandon dollars for imports, the dollar is in very big trouble, and China may get their wish of a new global currency after all - the renminbi.
 Quoting: G5


If the US Dollar is dumped I guess the Euro will also get dumped??

and how about the other "dollars" Singapore, Australia, Malaysia, et al?

hiding
I came. I saw. I Concorde.

For once you have tasted Concorde you will walk the earth with your eyes turned skywards, for there you have been and there you will long to return.

"I would say today we can integrate all religions and races EXCEPT ISLAM."
Singapore's founding father Lee Kuan Y ew
Anonymous Coward
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United States
06/11/2014 06:46 AM
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The renminbi, with the portrait of the greatest mass
murderer in the history of mankind.
PASS
Anonymous Coward
User ID: 2877009
United States
06/11/2014 07:24 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.
 Quoting: Anonymous Coward 2877009


bump



Goofy Thum
CMcC

User ID: 302197
United States
06/11/2014 07:49 AM

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...is it time to cue up the Doors, This is the End?
Fear God and Dread Nought.





GLP