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China dumping dollar??

Discussion in 'Preparedness & Survival' started by Just Jim, Apr 24, 2011.

  1. Just Jim

    Just Jim Well-Known Member

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  2. Just Jim

    Just Jim Well-Known Member

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  3. SOG165

    SOG165 Cent. Or. Member

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    I canjust imagine what the response would be if I tried to buy Lunch at Chappies there in Albany, using the Chinese Yuan.....
     
  4. Sasquatchvnv

    Sasquatchvnv Port Orchard Active Member

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    It's not only China - some of the largest hedge funds are bailing out of treasuries. God help you if you can't see what is plain as the nose on your face. The time to prepare is passing - that window is closing right now. 30-60 days tops I think.
     
  5. Blitzkrieg

    Blitzkrieg WA Well-Known Member

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    Just in time to motivate me for gardening season. Already planted my elephant garlics, sweet onions and leeks
     
  6. 2506

    2506 Seattle Well-Known Member

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    That or shorting them.
     
  7. Just Jim

    Just Jim Well-Known Member

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    Government said that the dollar could drop 25% in value. The Chinese are smart to get out of the dollar so they don't lose billions due to the drop. The Fed will buy the debt and print money to pay for it. With the dollar allready falling 25% then you add Chinas dumping the dollar it is possible that we are toast. All prices will inflate and then we will run out of money causeing a huge deflation. Think it out.

    jj
     
  8. caden08

    caden08 washougal Member

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    Looks like I'm making another stop at the pawn shops tomorrow ;)
     
  9. Just Jim

    Just Jim Well-Known Member

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    This could be the financial earthquake before the financial Tsunamis. When all is done China will be the new super power of the world. Happy Easter

    jj