Author: jimmy67

Are Asian central banks using RMB as reserves now? [Copy link] 中文

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Post time 2007-1-17 14:48:17 |Display all floors
When USD is no longer be used as the international currency, that is the end of the Empire, because the Empire can no longer just turn on its printing machines and use PAPERS to exchange for REAL product made by other countries.  China is now the biggest product maker, and is also slowly changing the clearing policy, ie. price no longer base on USD. The puchase of Chinese product  by HK is now base on RMB, not USD any more. For other sales to countries which also sell resources to China, it use barter, to Europe it use Euro. The demand of USD as the international currency is declining fast, and that is the reason why its value dropped like diving.

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Post time 2007-1-17 15:19:37 |Display all floors
Originally posted by baersworth at 2007-1-17 14:48
When USD is no longer be used as the international currency, that is the end of the Empire, because the Empire can no longer just turn on its printing machines and use PAPERS to exchange for REAL p ...


Yr News so Interesting!!!

So keep on printing.......paper money

like paper tiger!!!

Do you know once it happened about " BANANA MONEY"????

It was done by the Japanese during WW2!!!

When they lost the war,

those banana paper turns into ASHES!!!

So soon it is USA turn who likes to beat other people!!!
What's on your mind now........ooooooooooooooo la la....Kind Regards

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Post time 2007-1-17 15:22:56 |Display all floors
Originally posted by jetsam at 2007-1-16 21:09

The USD has depreciated 50% against the euro from 2002 to 2004 and will depreciate further. It depreicated massively against sterling and gold in 2006 and massively against gold in 2005. The USD  ...



Euro RISES, i am happy!!!

Cos' hve some stocks in Euro.

USD DROPS, i am happier too!!!

So i could change money to get MORE USD to visit CHINA.
What's on your mind now........ooooooooooooooo la la....Kind Regards

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Post time 2007-1-18 11:30:25 |Display all floors
impossible!
wo chinese have a long way to go!
   this needs the hard work of several generations
I succeeded because I willed it, I never hesitated!!

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Post time 2007-1-18 11:53:08 |Display all floors

Reply #45 caringhk's post

Hi old buddy!

I see you are fully ONBOARD with the game strategy!

ha ha ha

Take care, it's a game.....
As in any game, there are risk...
Please concentrate on your 1st and 2nd love...
ie. real estate and film production!


Green Dragon
Yoda
Game Master

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Post time 2007-1-18 11:54:10 |Display all floors

Reply #46 adam_xu's post

Mr. Adam!

change can come fast and furious!
It might be thrust upon the chinese people!
so learn as much as possible!


Green Dragon

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Post time 2007-1-18 14:23:06 |Display all floors
Originally posted by adam_xu at 2007-1-18 11:30
impossible!
wo chinese have a long way to go!
   this needs the hard work of several generations


Don't worry too much for the future!!!

I think CHINA has dumped the USD earlier on like last year

&

INVESTED into a BASKET OF CURRENCIES!!!

i am sure Euro is ONE OF THEM!!!
What's on your mind now........ooooooooooooooo la la....Kind Regards

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