Black People Politics : China plan to quit dollar infuriates US: Analyst

Discussion in 'Black People Politics' started by RAPTOR, Dec 2, 2013.

  1. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    The decision by the Central Bank of China to no longer accumulate foreign exchange reserves in dollar has infuriated the United States, an analyst says.


    Finian Cunningham made the remark in a Sunday column for Press TV amid escalation of tensions between US and China over Beijing's enforcement of an Air Defense Identification Zone (ADIZ).

    “The escalation of military tensions between Washington and Beijing in the East China Sea is superficially over China’s unilateral declaration of an air defense zone. But the real reason for Washington’s ire is the recent Chinese announcement that it is planning to reduce its holdings of the US dollar,” he wrote.

    Cunningham said China “move to offload some of its 3.5 trillion in US dollar reserves” poses “a mortal threat to the American petrodollar and the entire American economy.”

    “China - the second biggest economy in the world and a top importer of oil - has or is seeking oil trading arrangements with its major suppliers, including Russia, Saudi Arabia, Iran and Venezuela, which will involve the exchange of national currencies,” he wrote, warning that the development threatens “the petrodollar and its global reserve status.”

    Cunningham said Beijing’s November 20 notice about plan to “shift its risky foreign exchange holdings” in US dollars for other currencies “is a harbinger that the American economy’s days are numbered.”

    “But, in the imperialist, megalomaniac mindset of Washington, the ‘threat’ to the US economy and indebted way of life is perceived as a tacit act of war. That is why Washington is reacting so furiously and desperately to China’s newly declared air corridor. It is a pretext for the US to clench an iron fist,” concluded the analyst.

    Read: http://www.eutimes.net/2013/12/chin....likes"]&action_ref_map=[".UpzN_6MWYVM.like"]
     
  2. KPITRL

    KPITRL Well-Known Member MEMBER

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    I remember reading this a week and a half ago, about Chinas' plan to stop stockpiling US dollars. A story this important didn't even touch mainstream media, which didn't surprise me none. You can tell that this military tension over this air defense zone is related to this.
     
  3. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    This is what happens when the publicans go wild





    .
     
  4. Orisons

    Orisons Well-Known Member MEMBER

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    Even though China has embraced Capitalism by using Hong Kong as the economic template for the Mega-Cities on the mainland, because it works/creates the money for them to feed their so massive population.

    Haven’t they also adopted the very sound economic practice of cutting out the middlemen whenever they can [Brokers/Western PARASITES who do nothing but speculate/make millions] by setting up direct trading relationships with the countries who are supplying the natural resources necessary to keep their consistently spectacular economic growth, going?

    What can the USA and the West do about that so intelligent move by China to stop the dollar being such an integral part of their wealth in the long term, NOTHING; but isn’t it a fact that it would take at least 10 years for them to spend the trillions of dollars they currently have stockpiled/thus the USA’s collapse is hardly imminent, is it?

    Isn’t ANYONE who genuinely believes they are not programmed
    graphically illustrating that their programming is COMPLETE?
     
  5. skuderjaymes

    skuderjaymes Contextualizer Synthesizer MEMBER

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    you know that eutimes.net is a white racist site right? and racism is known to be blinding.. so they miss a whole helluvalot in much of their analysis.

    that aside..

    The currency conversation has been going on for years.. it's one the reasons Khadafi was demonized and taken down, even though his people had the highest standard of living in north Africa. The thing is.. the central banks of most countries.. are owned by the same people.. and it's those same people that profit from the US currency being used.. not us. We don't gain a thing from it.. As you know, the Federal Reserve is a private company.. with a secret membership. The best thing for America long term, would be for the devices of empire to be dismantled.. and for the American economy to accurately reflect economic production.. as opposed to military intimidation and price fixing. America needs to get back to manufacturing it's own products.. and dramatically reduce it's oil dependence.. And it's completely possible.. but it will take a good 25 years of a protectionist, isolationist government to make it happen. I'm not sure that can happen at the Federal level.. but it can happen on the State Level.. and success at the State level is contagious for other states.

    otherwise.. the US will be forced to prey on other nations.. and will be required.. as a matter of survival.. to intimidate and bully it's way through time in order to hold together this unethically gained standard of living.

    American's receive deep discounts on very very many things due to military arrangements.. and the American military's job is to hold strategic positions to keep those cheap imports coming in.. thus holding the lie together.
    But it's still a lie. And all lies eventually have consequences.


     
  6. Orisons

    Orisons Well-Known Member MEMBER

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    Libyans had the highest standard of living in Africa/Africa’s only welfare state [apart from Iraq under Saddam Hussein] where all of the populace had completely free education and healthcare [including free utility of ANY foreign specialists if they couldn’t be treated within Libya]; whereas now aren’t they just another chaotic mess/murderous hellhole with various cliques of armed militias running things now that they have been DEMOCRATIZED, like Iraq?

    However I don’t agree that without ongoing utility of the petrodollar the USA faces financial collapse because isn’t the whole Monetary System based on constant financial growth, fundamentally flawed, unsustainable without turning this whole planet into a very real HELL as per the current POWER ELITE/LUCIFERIAN LUNATICS inc one World Religion, Currency and Government agenda, despite KNOWING that there is more than enough wealth [if equably distributed] for this planet to sustain at least 3 times its current population?

    Isn’t the issue the fact that the 21st century’s Super Corporations genuinely don’t need to employ humanity’s masses for anything more than somewhat rabid easily controllable consumers, in order to make money, as underlined by even the middle class professionals in the USA, West and worldwide finding it increasingly challenging to earn a living, comfortably survive due to just how much wealth corporations owned by billionaires from the POWER ELITE are extorting by various means [including WARS and World Health Organization administered biological agents/pandemics like AIDS and Ebola] from the rest of Humanity?

    Isn’t ANYONE who genuinely believes they are not programmed
    graphically illustrating that their programming is COMPLETE?
     
  7. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    Skuderjaymes, how ya 'doin'?

    No I did not know the eutimes was a white-racists site.
    I try to have a presence of mind to ferret out truth/facts
    in terms of information where it is attainable.

    Wherever I may miss it, please continue to assist.
     
  8. skuderjaymes

    skuderjaymes Contextualizer Synthesizer MEMBER

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    Yes, Yes & Exactly!
     
  9. skuderjaymes

    skuderjaymes Contextualizer Synthesizer MEMBER

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    Peace Raptor,

    I'm good I'm good.. can't complain about much. How've you been?
    I see you're still focused on promoting truth.. that's good to see..
    lot of folks have given up.
     
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