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‘All China’s assets in the US might be annulled‘, warns ex-BoE chief, urging countries to diversify
Topic Started: Jun 9 2016, 07:45 PM (364 Views)
Siberian
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Washington may be forced to renege on its huge debt to Beijing under catastrophic circumstances, says the former head of the Bank of England Mervyn King. He suggests governments could mitigate risk by diversifying their assets.
https://www.rt.com/business/345982-china-us-debt-mervyn-king/
Goood morning GULAG!!!
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Siberian
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I'd say that US-China military conflict is absolutely inevitable.
All human history shows that wars and especially imperialist and World wars were driven by economic factors, fight for markets and resourses. China is to replace the US as the biggest economy within a decade, it has replaced the US already if we compare GDP on purchasing power but not actual currencies rates.
What is to follow? The Dollar will be replaced by Yuan as the World trade and reserve currency. And at that very monent it happens - the US will be destroyed, literally, becayse all US economy, prosperity and level and way of life are based on the printing press, giant and unpresenebted emission of debt, of empty dollars which are used to buy real goods and raw materials in exchange of the promise to pay later.
And if dollar is replaced by Yuan - it will lead to collapse of the US and then the World economy. It is the only thing which stops Chinese... for a while.
Edited by Siberian, Jun 9 2016, 07:55 PM.
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Drudge X
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Nope. Tear down the phony islands in the South China Sea and the US pay back or risk war with a greater loss. I guarantee you one thing. War with the US will collapse the communist regime. They know this.

Oh yeah, guess who Putin will cheer for?? :rotflmao:
Edited by Drudge X, Jun 9 2016, 08:38 PM.
Kate Steinle was separated from her family permanently but leftists didn't seem to mind.
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Drudge X
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Yuan replacing the dollar??? Where do you get this crap??? :rotflmao:
You wanna be China's bitch? Russians have sunk this low huh.
Edited by Drudge X, Jun 9 2016, 08:39 PM.
Kate Steinle was separated from her family permanently but leftists didn't seem to mind.
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Robert Stout
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Drudge X
Jun 9 2016, 08:36 PM
Yuan replacing the dollar??? Where do you get this crap??? :rotflmao:
You wanna be China's bitch? Russians have sunk this low huh.
Be careful if BRICS are thrown at you............. :tongue:
Jesus can raise the dead, but he can't fix stupid
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Drudge X
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Robert Stout
Jun 9 2016, 10:37 PM
Drudge X
Jun 9 2016, 08:36 PM
Yuan replacing the dollar??? Where do you get this crap??? :rotflmao:
You wanna be China's bitch? Russians have sunk this low huh.
Be careful if BRICS are thrown at you............. :tongue:
Lol..

Brazil = broke
Russia = have enough money for penis enlargement, but no money to feed its people
India = need another 30 years before they can make a measurable ripple in the global market
China = nobody likes them except few African nations taking bribes from China, let China sell their cheap crap to Africans.
Kate Steinle was separated from her family permanently but leftists didn't seem to mind.
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Siberian
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Drudge, the most pretty thing is that whatever course events go - the West and the US are going to loose, historic period of Whites dominance comes to the end, unfirtunately, the European civilization in broad sense is going to be replaced by Asia on the top , it's a long term and inevitable prosess.
And those who were benefitting the most in previous phase is going to loose the most. It's the US of course.
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Siberian
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And pretty thing is that if Chinese economy gets in trouble - the West is going too, because the whole model is based on free of charge supply of Chinese goods, Russian oil and gas etc. to the West. The US prints dollars, buys stuff from the rest of the World and then the World transfers these empty dollars to US treasury bonds. The US gets everything extremely cheap if not free of charge. This is what makes Putin a US puppet, by the way, whatever he does politically, economically he is an absolute US puppet, unfortunately. Whatever happens to Russia, China etc - the model of the current World economy breaks, the flow of free goods and resourses to the West stops. Hyperinflation starts in Dollar zone, Eurozone, globally. The end... :)
Edited by Siberian, Jun 10 2016, 01:51 AM.
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Drudge X
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Siberian
Jun 10 2016, 01:38 AM
Drudge, the most pretty thing is that whatever course events go - the West and the US are going to loose, historic period of Whites dominance comes to the end, unfirtunately, the European civilization in broad sense is going to be replaced by Asia on the top , it's a long term and inevitable prosess.
And those who were benefitting the most in previous phase is going to loose the most. It's the US of course.
Let me ask Russians this.

Do you want to live in a world run by the Chinese, especially when Russia has been trying for decades to be a dominant power?
Kate Steinle was separated from her family permanently but leftists didn't seem to mind.
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Siberian
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Drudge, after you fight (preferrably in nuclear war) and weaken each other to status of regional powers - I don't exclude the US to become Russia's ally. Because Chinese are dangerous, of course, if they replace the US as the strongest power. But I doubt it will hapen without military conflict and most probably Chinese will not be so dangerous afterwards :)
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