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| 'A US trade war with China will end US monopoly on global financial system’ – Jim Rogers; and trade wars prelude hot wars | |
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| Tweet Topic Started: Sep 17 2017, 05:54 AM (127 Views) | |
| Siberian | Sep 17 2017, 05:54 AM Post #1 |
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If the Trump administration puts sanctions on China, this would hurt America more because it just forces China and Russia and other countries to cooperate, says investor and financial commentator Jim Rogers. https://www.rt.com/op-edge/403553-us-china-north-korea/ Edited by Siberian, Sep 17 2017, 05:56 AM.
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| Goood morning GULAG!!! | |
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| Siberian | Sep 17 2017, 07:57 AM Post #2 |
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China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over world trade and finance. Wall Street and Washington are not amused, but they are powerless to stop it. http://www.zerohedge.com/news/2017-09-16/suddenly-de-dollarization-thing |
| Goood morning GULAG!!! | |
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| George Aligator | Sep 17 2017, 11:21 AM Post #3 |
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The hegemony of the US in the global financial system is pretty much doomed no matter what. The new technology and its global economic impact inevitably transform social and political structures. In 1945 the USA produced half of the total world GDP. Now China alone produces as much as we do and players like India, Japan and the EU are coming up fast. By mid-century, we will have a UN sponsored form of Bitcoin as the global currency and our right wingers will be hoarding Federal Reserve notes they way they are now hoarding gold coins. |
| Conservatism is a social disease | |
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| Robert Stout | Sep 17 2017, 10:37 PM Post #4 |
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I would not trust the UN to operate a global currency...Greece would be more trustworthy.......... :oyvey |
| Jesus can raise the dead, but he can't fix stupid | |
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