Author: macanese

“China Says ‘No Dollars’ For New Yuan” - April 2016   [Copy link] 中文

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Post time 2016-4-16 02:10:35 |Display all floors
From a reader on rt.com:



America is fast tracking its own destruction by the inner rot. It does not need outside help. Much like other empires before it, and closely similar to the Roman Empire, the sign of decadence are there and expanding. Bread and circus have been replaced by social welfare and food stamps and TV and its concomitant entertainment forms of sex and drugs and rock 'n roll. Just as the Romans did, the US now employs mercenaries for its dirty work as Americans don't have the stomach to fight without he comforts of home: A/C, Budweiser and McDo's; The selection of President has become a circus unlike any seen in the history of the world , where the internal selection rules of the established parties are flouted in order to keep out the outsiders and give bias to establishment hacks. Billions are spent on this travesty of democracy. The kids are dumber than nails and the education system is sclerotic with no u-turn in sight. They owe an admitted 20 trillion ( 20 football pitches stacked two palettes high of one metre each of $100 bills) and maybe as high as 200 Trillion if one were to factor in the internal social debt to its citizens through Medicare, Old Age Security, government pensions or military benefits. They're done for and they know it. All they can hope for is to slow the slide. All it would take would be a China or Saudi Arabia to dump some bonds for the slide to speed up.







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Post time 2016-4-16 09:02:02 |Display all floors
Xangloid Post time: 2016-4-16 01:49
SOURCE??????


Round Up is good for developing the mind

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Post time 2016-4-17 19:05:09 |Display all floors
Xangloid Post time: 2016-4-16 08:45
Then the peaceful and harmonious China will be doing you 5-eye gits a BIG favour - administering a ...

It remains a mystery, to me, why I'm a "5 eye git".

I'm a citizen of my country with 2 eyes, same as citizens of most countries.

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Post time 2016-4-19 20:35:37 |Display all floors
CHINA SAYS "NO DOLLARS" FOR NEW YUAN


If you are going to quote macanese - you should cite the source, which in this case is a "radio station in New York City" (http://www.snopes.com/san-bernardino-shooting-pork-insult/)...

https://www.superstation95.com/index.php/world/1152

... which had this follow up article this morning...

https://www.superstation95.com/index.php/world/1186


China's Eccentric 'Uncle Laowai' from Chicago, IL

http://blog.chinadaily.com.cn/home.php?mod=space&uid=135031&do=blog&view=me&from=space

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Post time 2016-4-19 20:43:17 |Display all floors
...and here is some additional information about Hal Turner, the fellow that is apparently running the SuperStation95 website:

http://www.nj.com/hudson/index.s ... turner_says_go.html

Suffice to say, when people post "news articles" without links, it usually isn't news to begin with.
China's Eccentric 'Uncle Laowai' from Chicago, IL

http://blog.chinadaily.com.cn/home.php?mod=space&uid=135031&do=blog&view=me&from=space

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Post time 2016-4-20 08:41:39 |Display all floors
tradervic posted this info. - China Launches Yuan-Denominated Gold Benchmark

Post by U.S.Reporter - Apr 19, 2016  
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China launched its yuan-denominated gold benchmark on Tuesday in Shanghai as it seeks to secure more sway in the pricing of the precious metal.

The Shanghai Gold Benchmark Price (code: SHAU), is the quote for trading of 1kg, 99.99 percent purity bullion, denominated in the Chinese yuan and derived from multiple rounds of trading.

The benchmark was set at 257.97 yuan per gram on Tuesday, the Shanghai Gold Exchange (SGE) said in a statement.

The benchmark also lays the foundation for shifting bullion trading in Shanghai from mostly spot to derivatives to increase the appeal of yuan-denominated bullion trading as financial instruments for both domestic and global investors.

SGE Chairman Jiao Jinpu said the launch of the benchmark offers the opportunity to develop bullion trading in China's financial markets and encourage more participation by global investors.

Standard Chartered Bank (China) Ltd. and ANZ Bank (China) Ltd. are among 12 fixing members for the benchmark trading. The other ten members are domestic banks.

The trading margin is set at 6 percent and transaction fees are exempted until June 30 this year.

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Post time 2016-4-20 09:48:53 |Display all floors
The latest info. I posted was given by tradervic, he posted the URL, I merely cut and pasted the report.

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