Author: dragon8

BRICS Countries are Going for Gold   [Copy link] 中文

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Post time 2014-8-18 22:37:29 |Display all floors
I have a hard time seeing why going for gold would be a incredibly good thing for China. It might be the biggest producers but it is per capita that matters. And the both US and Russia is better.

Anyway if the world switched to gold. I would love to see the inflation rates in Peru.

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Post time 2014-8-19 08:56:30 |Display all floors
raton Post time: 2014-8-18 10:17
….smartest working culture…..

Really..i wonder why they are so indebted with the rest of the wo ...

dozing......zzzzzzzzzzzzzzzz.

US is indebted but they have 18 people in this world's top 30 most rich list. The other 12 are shared by 9 other countries or so. The GDP these 18 combine to produce will probably come out more than what 80% of the countries in this world can produce on individual basis. In short together they can buy another country with a snap of fingers.

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Post time 2014-8-19 11:16:51 |Display all floors
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Post time 2014-8-19 22:34:54 |Display all floors
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Post time 2014-8-20 08:48:43 |Display all floors
yipman2.1 Post time: 2014-8-19 09:54
What does that say about the economic & political systems of the West?  A man comes to the world n ...

Dear reader, if a nation is smart, it is smart. If another nation isn't so smart, it isn't. You want to deny 90% of the world's computers have nothing but US technology in it? US has not just the bunch of most richest persons but also technology. Even if manufactured in China, the invention, creation and design are US cultivated, not Western but solely US. Really you must have been dozing............... Microsoft, Linux, Apple, Google, Facebook, which particular inch of those came from China?

And don't kid yourselves that you have the planes to fly or the submarines to dive. You Chinese can't even build a proper powerful aircraft engine indigenously as of this moment nor a submarine engine that is so silent that it is beyond today's technology to detect! Aircraft carrier? Needs no further elaboration. All the Chinese have is just paper - your RMB. But don't forget, spread that amongst the 1.3 billion of you, it isn't really very much to go by and without a single technological innovation, your nation is doomed to be a laborer for the rest of your history. By the way it isn't difficult for a currency to be turned into toilet paper if one is careless. Oh yeah by the way - your less than intelligent Hong Kees, really prove themselves to be the opposite of intelligent. Why even bother to protest when the protesters cannot bring any betterment to that territory? As if just going to elect one can attains sainthood. They don't have the slightest common sense - if a person has USD500 billion, do you really think that person is going give his or her 100,000 or so workers the slightest chance to vote and tax him or her through the nose!!?? Real stupid society. It is the same for all those with money and power be they Americans or Asians - they are all human and they have to behave more or less the same way to get to the same and one place - possessing massive power. Hong Kong is the most economically advanced of China's cities and if its people don't have the intelligence, then one can profile the entire China isn't going anywhere far. Instead of surging ahead with global economic leadership, they choose to stop with domestic protesting. Instead of global conquest they make themselves unhappy by arguing - so just how intelligent is Hong Kong. One cannot help but feel some sort of major corruption, like bribery took place amongst those protestors only that the ultimate source came from abroad.

As for BRICS, please. China and India with 2.5 billion brain sets between them can't even find a solution to a problem planted by a meager 70 million or so society and you want tell the world China-India is coming around? What a joke, Ha! Ha! Ha! Ha! can't ......stop....... laughing Ha! Ha! Ha!. 2.5 billion and they have demonstrated so far not an inch further than some slightly more than half a century ago. That's years isn't it, how many more do they need, another 30 centuries??? Its just that the world is polite not to say it clear and loud - IT IS REAL THAT CHINA AND INDIA DON"T HAVE THE WISDOM AMONGST THEIR 2.5 HEADCOUNTS TO SOLVE THEIR PROBLEMS! Its just all the media games played trying to depict a really friendly India and China, that's all. It only requires a small tick for India-China to explode, so how safe can BRICS be???? How strong is Russian-Chinese relation? Not very. That's why puny nations like the Baltics dare to stick their fingers into Russian noses and the Russians think they are mighty just because they have land mass (somewhat like Chinese and Indians thinking they have population mass). Excellent BRICS jokes! Just compare member nations in EU and member nations in BRICS, one feel the vast difference - positive in EU, negative in BRICS, honestly. If BRICS members cannot solve their problems, how is it possible that they are able to help solve others'! And if they solve others problems, there is no way they can lead.

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Post time 2014-8-20 08:49:48 |Display all floors
raton Post time: 2014-8-19 22:34
The problem with this board has to many idi-ots and regrettable to are one of them believing the U ...

..really? read posting #13

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Post time 2014-8-20 09:35:57 |Display all floors
Gold is indeed a scourge on the planet.  It make people go cocoo.  Do you know that India economy and its currency experienced major reduction due to over purchase of gold? Gold is useless in the economy.  This has been proven over and over again.  85% of India current account deficit is due to gold purchases.  If they do not buy any gold, they would have a lot of wealth.  They are losing trillions in lost wealth due to gold purchase.
Do everyone know that gold is not good as currency or money? This is the reason why gold was removed by our grandfathers sometime ago.  It is not a conspiracy.  The three books series of 259 trillion vs 5 trillion explains how the monetary system actually works.  What does debt really mean? Do bank really print money out of thin air? Do paper money have value? Find out for your information.

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