Author: DanseMacabre

Chinese are cowards [Copy link] 中文

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Post time 2011-7-26 18:09:24 |Display all floors

The meekness of a swine herd

The submission by Americans to the zio lobby and its fraudulent wars based on a false flag attack that killed thousands and bankrupted their oikonomy underscores the extent to which they've been dumbed down to accept their fate.

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Post time 2011-7-26 18:10:30 |Display all floors
Ditto with the poor, stupid Brits.

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Post time 2011-7-26 18:17:36 |Display all floors
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Post time 2011-7-26 19:36:30 |Display all floors
by removing the commodity peg from currency, money is nothing more than a promise to pay a given value

China's 3 trillion reserves of USD and T-Bonds are ultimately a promise that the American worker will return that value

As a promise to pay is nothing more than confidence in a contract, then China's reserves are dependent on confidence in the US system to return the value

It is now a political issue

It is all very good to whine and lambast the USA

but the Chinese livelihood is at stake

As if confidence in the contract to repay is lost, then Chinese reserves are lost and thus the Chinese government is itself at stake
(beast ex machina)

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Post time 2011-7-26 19:40:24 |Display all floors
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Post time 2011-7-26 19:42:02 |Display all floors
In Weimar Germany, the value of one Deutschmark soon required a trillion Deutschmarks to give equivalent value

China made the mistake of pegging its currency to the USD

By doing that, the Chinese government could artifically push down the value of Chinese labour.

The Chinese government pushed down the value of the labour of its populace.

I think it was foolish. For labour itself is the ultimate capital.

Paper promises mean nothing.

Think Weimar won't happen again?
(beast ex machina)

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Post time 2011-7-26 19:43:31 |Display all floors
the Chinese government decided the value of Chinese labour in terms of purchasing power.

What if all that work is for nothing?

[ Last edited by lebeast at 2011-7-26 09:18 PM ]
(beast ex machina)

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