Quantcast
  1. Sign up now and join over 35,000 northwest gun owners. It's quick, easy, and 100% free!

Bad Tidings from China

Discussion in 'Preparedness & Survival' started by Quackerbacker, Apr 25, 2011.

  1. Quackerbacker

    Quackerbacker Springfield, OR Active Member

    Messages:
    241
    Likes Received:
    61
    BEIJING, April 23 (Xinhua) -- China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.

    The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.

    China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.

    Tang's remarks echoed the stance of Zhou Xiaochuan, governor of China's central bank, who said on Monday that China's foreign exchange reserves "exceed our reasonable requirement" and that the government should upgrade and diversify its foreign exchange management using the excessive reserves.

    Meanwhile, Xia Bin, a member of the monetary policy committee of the central bank, said on Tuesday that 1 trillion U.S. dollars would be sufficient. He added that China should invest its foreign exchange reserves more strategically, using them to acquire resources and technology needed for the real economy.

    China should cap forex reserves at 1.3 trillion U.S. dollars: China banker

    There were 10 senators in China last Thursday. Pray they managed to kick the can a little further down the road.
     
  2. Sasquatchvnv

    Sasquatchvnv Port Orchard Active Member

    Messages:
    719
    Likes Received:
    171
    Sick of kicking the can down the road - how about some real fixes? Start by clearing out the District of Criminals and putting some americans with morals and a brain in charge. Wake up America!!
     
  3. armedredneck

    armedredneck Oregon Active Member

    Messages:
    273
    Likes Received:
    34
    Pretty much knew this was coming. They're talking about it now. That means they're not far from following through with it. Here comes the suck.
     
  4. Sasquatchvnv

    Sasquatchvnv Port Orchard Active Member

    Messages:
    719
    Likes Received:
    171
    Embrace the suck.
     
  5. mjbskwim

    mjbskwim Salmon,Idaho Well-Known Member

    Messages:
    10,451
    Likes Received:
    7,716
    Do you,or have you ever voted for an incumbent?

    If so you haven't helped the problem.Every time we re-elect the same people,they see their job as a career and forget about the "doing this for America and it's people" speech they gave at election time.

    Kinda like putting term limitations in place when we already have them-VOTING

    But,alas, we are too stupid to just elect someone else and we need a law to tell us to put new people in Washington.

    Start limiting their terms by voting them out of office.Real simple
     
  6. Just Jim

    Just Jim Well-Known Member

    Messages:
    6,828
    Likes Received:
    6,267
    LOL take two trillion from the Chinese and all the US debt Japan owns then sell it back to the fed. If this happens you will be officialy third world. China will be the new super power.

    Read a little history and see how we became no. one, we just loaned out money. Your progressive politicions have sold you out and you don't even know where the trillions went..

    jj
     
  7. Just Jim

    Just Jim Well-Known Member

    Messages:
    6,828
    Likes Received:
    6,267
  8. svxr8dr

    svxr8dr Vancouver, WA OathKeeper #004404

    Messages:
    502
    Likes Received:
    171
    Amen
     
  9. Markjz

    Markjz Longview, WA Member

    Messages:
    147
    Likes Received:
    20
    when_the_shit_hits_the_fan_3215952.jpg
    here we go.. sure would be nice if we could just be wrong for once.
    I wouldn't mind if I was laughed at the rest of my life. -_-
     
  10. OPAWY

    OPAWY NorthCentral Wyoming Member

    Messages:
    125
    Likes Received:
    2
    Put on the crash helmets and seat belts. Gonna be a rough ride. Ya can't buy any silver right now in my area. Nothing available.
     
  11. EZLivin

    EZLivin SW of PDX Well-Known Member

    Messages:
    1,164
    Likes Received:
    298
  12. Sasquatchvnv

    Sasquatchvnv Port Orchard Active Member

    Messages:
    719
    Likes Received:
    171
  13. Sasquatchvnv

    Sasquatchvnv Port Orchard Active Member

    Messages:
    719
    Likes Received:
    171
  14. armedredneck

    armedredneck Oregon Active Member

    Messages:
    273
    Likes Received:
    34
    SSSSSSSSCCCCCCCCCCCCCCCCCRRRRRRRRRRREEEEEEEEEEEEEEEEWWWWWWWWWWWWWWWWEEEEEEEEEEEEEEEEEEDDDDDDDDDDDDDDDDD!!!!!!!!!!!!!!!!!!!!
     
  15. simpleguy

    simpleguy Clackamas Active Member

    Messages:
    627
    Likes Received:
    95
    The short story is if the politicians we all elected continue to vote along the lines of "kicking the can down the road", instead of really and proactively solving our problems economically, then the rest of our world will "help" us by not continuing to take part in the sham....

    My take, I am glad that China is doing this. We put ourselves in this situation, it's sad we are not solving our own problems.
     
  16. EZLivin

    EZLivin SW of PDX Well-Known Member

    Messages:
    1,164
    Likes Received:
    298
    At least everyone in the US has had ample warning if they chose to pull their heads out of the sand and look around. This has been years in coming. Who I feel sorry for is my parent's generation. They are not internet savvy, and continue to get their information from newspapers and the mainstream media. They see problems in the making, but they just don't get how serious it is (how could they get it with the information sources they use?).

    I am quick to voice my disagreement with those who have put all their funds into supplies (with the intention of using them for barter) while disregarding safe-haven currencies (metals, Canadian $, Swiss Franc, etc.). But I certainly applaud them for having recognized the problem and having acted to plan as they saw/see fit. All of us who have planned and acted should be infinitely better off than those who chose to ignore the signs.
     
  17. salmonriverjohn

    salmonriverjohn N.W Oregon coast, Gods country Well-Known Member

    Messages:
    3,158
    Likes Received:
    4,298
    6/30, QE2 ends.
     
  18. Just Jim

    Just Jim Well-Known Member

    Messages:
    6,828
    Likes Received:
    6,267
    "I am quick to voice my disagreement with those who have put all their funds into supplies (with the intention of using them for barter) while disregarding safe-haven currencies (metals, Canadian $, Swiss Franc, etc.). But I certainly applaud them for having recognized the problem and having acted to plan as they saw/see fit. All of us who have planned and acted should be infinitely better off than those who chose to ignore the signs."

    Let's see now, a good bag of rice cost about $16 for 25 lbs. I won't sell it for gold or silver when the dollar goes down. I will eat it. Got to see the seasonings people will put on their gold and silver LOL.

    The Fed is doing a press conference tomorrow. I wonder what news they bring?

    jj
     
  19. EZLivin

    EZLivin SW of PDX Well-Known Member

    Messages:
    1,164
    Likes Received:
    298
    Me too. But I will likely add some country gravy or perhaps a few herbs from the garden.

    Good grief Jim; haven't you learned anything on these threads! :D People will exchange metals for the local currency in order to buy fresh tasty food items from local merchants who will be pleased to make the sale. But SOME people here will be waiting at the merchant day in and day out until such time as the merchant is willing to barter his/her precious items for something he does not need (like ammo, or rodent jerky, or whatever). ;)

    I think the FED's news will be something like "blah blah blah BS blah blah BS"...