Author: notknowwhy

China Urges New Money Reserve to Replace Dollar! [Copy link] 中文

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Post time 2009-3-27 13:30:52 |Display all floors

The best course of action is to do "creeping purchases" of...

....strategic materials, technology, gold, crude oil so as not to cause prices to rise.

What we worry about DOLLAR HOARDING, is a sudden Dollar Value burst.
"Creeping stockpile purchases" prevent commodities price from rising dramatically
It give China more security against drastic fluctuation, and against sudden US$ collapse.


Eventually when China economy is ready, we should be able to allow the Renmimbi to appreciate again!
(ie. with all those road, rail, airports, electric power plants, electric grid, gas pipeline, water pipeline, reservoir, desalination plants, sewage plants, mass rapid transit, light rail transit, improve road construction, improve tv broadcast, digitized hi defination TV, etc.)


YES CHINA IS RISING, deal with it!


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Post time 2009-3-27 13:41:00 |Display all floors

Reply #13 totothedog's post

I guess the WORLD must be prepared for any eventualities.....

Malaya is ready, we have develop our own mini economic zone.
At least, our economy should still HUM on peacefully should global competition get us new strange directions.
China has already build 4 economic zones to counter such any global storms too!


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Post time 2009-3-28 17:09:48 |Display all floors

we have to do what we don't want

Buying ohter assets must be harmful ,you know we buy their currency (only printed paper) with our goods (laborforce and resources).it is unfair ,but we have to do it.Risks are around us(financial crisis,economic crisis,crop crisis) ,and how to escape from them ?it is very easy,the only things we can do is getting the help from other relative stable contries.The US  was the biggest developed country  before and we must depend on him ,but now it is not ,we have lost confidence on him,so we need a more stable organization to stand out to be responsible for the emergency.so it is happened now .This is natural rules,no one can change,and to be yourself and accept it ,

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Post time 2009-3-30 07:48:40 |Display all floors

the pentagon better get beijing drunk B4 the G20...

in the next few days will be showdown for the US to stay either alive or comin up with somethin really concrete this time on...do or die but no more good ol' US alibi  

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Post time 2009-3-30 15:06:05 |Display all floors

Reply #21 totothedog's post

you must be joking!

the sdr needs the DOLLAR and GOLD to buttress the SDR.
without the forex reserve unit, SDR goes kaput!
it's just a way for CHINA to lend excess US$ FOREX safely, it cannot replace the US$

don't joke!

ha ha ha

such silliness!

ha ha ha


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Post time 2009-3-31 13:07:27 |Display all floors

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Post time 2009-3-31 13:34:05 |Display all floors

Reply #24 totothedog's post

so, which nation will finance the sdr's?

just gold?


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