sponsored links

Community > Politics, Current News & Events

Topic: Chinese are going to back their currency with gold
Sojourning_Soul Joined Fri 02/13/09 Posts: 10767	Thu 01/24/13 07:53 PM
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/23_Massive_Squeeze_Coming_As_WGC_Confirms_Gold-Backed_Yuan.html

AndyBgood Joined Thu 12/25/08 Posts: 12437	Thu 01/24/13 08:25 PM
And to think there is a suspicion England has been moving a lot of gold TO China! Hmmmmmmmmm... A planned collapse?

1956deluxe Joined Thu 12/06/07 Posts: 8559	Thu 01/24/13 08:50 PM
What a bunch of hogwash.

Mortman Joined Tue 05/01/12 Posts: 1779	Sat 01/26/13 09:52 PM
It would be awesome for American industry if China did move to a gold standard. That would likely mean that their currency would become more expensive, then US goods would become cheaper by comparison. We win.

Sojourning_Soul Joined Fri 02/13/09 Posts: 10767	Sat 01/26/13 10:03 PM Edited by Sojourning_Soul on Sat 01/26/13 10:12 PM
It would be awesome for American industry if China did move to a gold standard. That would likely mean that their currency would become more expensive, then US goods would become cheaper by comparison. We win. WRONG! Means we could never hope to pay our debt to them and they end up owning us when our money becomes useless on the foreign market!! You're thinking we'll be rich... But the truth will be you're just taking out the trash! This boy was smart enough to save the rubber bands at least!

jessejames2 Joined Tue 01/08/13 Posts: 123	Sat 01/26/13 11:54 PM
There is no debt that our military cannot erase.

Community > Politics, Current News & Events