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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / China Blasts US Shutdown, Calls For A ‘de-americanized’ World (25605 Views)
Mugabe Blasts Nigeria At AU Summit For “Betraying” Africa / Zulu King Changes Tone And Calls For End To SA Attacks On Foreigners / The U.S. Government Has Officially Shutdown!! (2) (3) (4)
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Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by DonMagicJuan: 11:37am On Oct 16, 2013 |
scortez: The Financial problem Of the U.S began in 1971 when president Nixon removed gold as a standard for exchange. By that single act, he made the dollar a currency.The dollar can't be claasified as money,it is simply currency.The dollar possesses no real value.Even America knows it.Prior to 1971,gold backed the dollar but with the action of nixon,the dollar lost it's backing.The debt of America will continue to rise because they have refused to learn from history and nip the problem in the bud.Spending more than they earn has always been their problem.They have also involved themselves in many unprofitable ventures. Expensive wars have been fought and this has eaten very deep into their finances.Countries like China have observed the U.S carefully and have started the pile up of gold.Sooner or later the world will have no choice but to revert back to gold as the standard.The U.S is sure on the path to extinction financially and as a world power.I hope Nigeria learns. The Gold Standard was a myth since the Federal Reserve has never had in possession the corresponding amount of Gold in proportion to the amount of paper currency they issued. And also the Federal Reserve is a private entity owned by Bankers .Don't be f00led by the word "Federal" as there is nothing Federal about the Federal Reserve and the dollar they issue is their calling card. The Federal Reserve came into being in the pioneer era of American History. At that period Americans hoping to venture west deposited their gold in Bank Vaults in the East and got promissory notes which will be honored in their bank branch in small gold rush towns. These small pioneer towns had provision stores that accepted bank notes in exchange for essential goods and supply. The bankers soon realized they could issue far more promissory notes than they amount of Gold they had in possession. They only draw back was the event that all depositors may at one time demand for their Gold. These banks then solved this problem by ensuring that paper currency will be the mainstay by uniting under one singular issuing authority. The Federal Reserve and the dollar it circulates is not controlled by the U.S. government but by BANKS. 2 Likes |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Olaone1: 11:40am On Oct 16, 2013 |
I don't trust America. This could be a deliberate ploy to put a clog in the wheel of China's progress. 1 Like |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 11:41am On Oct 16, 2013 |
Don Magic Juan: I think it was George W. Bush that bailed banks, I could recall that vividly. Obama's campaign policy included ending recession, which he tackled headstrong as advised by his economic team. The 2 wars were initiated by George W Bush. Obama pulled the troops out of Iraq and deployed more troops to Afghanistan. That much I can remember. The major policy which is contentious is the Affordable Care Act, which is the bone of contention at the moment, but is it really a bad idea ? This act ensures that every american has health insurance policy and if you do not have a job or source of income, the Federal Government provides funding (credit), to ensure that every citizen has access to medicare. It also introduces auditing measures which will stop clandestine fraud occurring in the health sector in US, where a doctor can raise a quote of $4000 to the federal government for treatment of common cold in the pretense of appendicitis (this is just an illustration, dont quote me). I think I love it, its going to be expensive but Health is Wealth. 1 Like |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by ckkris: 11:44am On Oct 16, 2013 |
grandstar: only one word describes the situation in the states- LAMENTABLE!You don't Uncle Sam. America has a solid economic base, not the EXPONENTIAL nonsense you see in China, Russia, Nigeria, etc. |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Olaone1: 11:45am On Oct 16, 2013 |
Billyonaire:@Billyonaire: Obama did bail banks out Remember the "too big to fail" mantra? |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by babihouse(m): 11:46am On Oct 16, 2013 |
GustavoFring: Billyonaire has seriously upgraded his thought processes.I am even looking for just his post to read |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 11:46am On Oct 16, 2013 |
No doubt, you are a man of vast interest in economics and politics, both local and international... Do you mind sharing the kind of books you read? I wanna be like you when I grow up. Billyonaire: |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by ckkris: 11:49am On Oct 16, 2013 |
Keneking: Can someone put Nigeria's economy graphically like this? At least we know how much we are worth as citizens?If the US stops buying Nigeria's crude oil, Nigeria will collapse, & scatter in six months. Other buyers HAVE NO MONEY TO PAY. |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by loswhite(m): 11:49am On Oct 16, 2013 |
First of all the US will not default. If a deal is not reached by oct 17,dat doesn't mean there is default, because the US can prioritize their payment.You can only say there is a default when interest payment on bonds securities are not paid as at when dew. So investors like china and japan are sure to have their payment, and they know that, but china has their interest also so it is normal 4 them to speak out and position themselves as growing world power. It is important 4 us to know how china got to been the second largest economy. Their economy is driven by exportation, meaning less comsumption @ home leading to having more to export there by getting excess revenue which they could Js saved as a fixed savings or invest on us securities so that they get interest on purchase of the securities. To be cont..... |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by 0monnakoda: 11:50am On Oct 16, 2013 |
CFCfan: ^^That is just wrong.Totally wrong! |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by VirginFinder: 11:51am On Oct 16, 2013 |
emmanuel4758: rusia vs chinko who take control abi na anoda world war What is wrong with you? Can't you be serious for once seeing that a very serious issue is being discussed? Can't you just relax, read and learn? Stop being a nuisance here, abeg! Or better still, find your level at other less serious sections/threads such as the whatsapp/2go thread. By the way, I am enjoying the debate on this thread. The whole world will definitely be affected by America's downfall. May God help us o! |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by 0monnakoda: 11:51am On Oct 16, 2013 |
Don Magic Juan:A little or "half" knowledge is more dangerous than no knowledge |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Olaone1: 11:52am On Oct 16, 2013 |
Obama didn't enact TARP, but he administered it. http://www.cbsnews.com/8301-503544_162-20013452-503544.html http://www.dailyfinance.com/2010/01/27/obama-bailing-out-the-banks-was-necessary-but-i-hated-it/ http://www.economist.com/news/books-and-arts/21565142-how-america-bailed-out-banks-rather-its-citizens-crisis-mismanagement |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 11:55am On Oct 16, 2013 |
Ola one: That was George Bush my friend, Merrill Lynch was bought over by Bank of America using Government financing options, Lehman Brothers, Fanni Mae went under too and government paid off most of their debt ownerships. The housing bubble was saved by the Government liquidity injection. Wachovia was bought over by Wells Fargo, Washington Mutual was bought over by JPMorgan Chase. All these were made possible under the Government bail out programme of my good friend, George W Bush. 2 Likes |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 11:57am On Oct 16, 2013 |
Ola one: Obama didn't enact TARP, but he administered it. Now you are talking. |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 11:59am On Oct 16, 2013 |
Ola one: I don't trust America. This could be a deliberate ploy to put a clog in the wheel of China's progress. my thought. it is economy war. america understand the game. |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 12:07pm On Oct 16, 2013 |
Ola one: I don't trust America. This could be a deliberate ploy to put a clog in the wheel of China's progress. China is a smart country run by elite brains. They have already made provision to cushion the effect of ANY default. Cash swap was initiated some days ago. Investing massively in other countries including America's Treasury Bill was a great and calculated move by China. Devaluing their currency purposefully to flood the world with their cheap goods succeeded in grounding most factories in America and that was also an excellent move. Most factories in USA became franchise outlets for Chinese products, and now this ? China has investments in most countries and could easily plough back some cash to re-ignite their economy but America will lose the only thing that keeps its wheel of progress running, which is their Dollar/Federal Reserve Paradox. If America chose to purposefully default, China and Japan will be the biggest losers, but America will lose more at the long run, because the only thing that kept the world running to them was their Fiscal Policy and stable banking economic equation. That trust is about to be eroded. 3 Likes |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Olaone1: 12:14pm On Oct 16, 2013 |
Billyonaire:How will America lose more in the long run when there are no credible alternatives to the dollar? And the CIA will swarm any country that tries to introduce another platform. Don't forget, America controls the world's banking sector hence the telling effect of America's sanctions on any country she decides to punish. Case in study: Iran |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by emmanuel4758(m): 12:15pm On Oct 16, 2013 |
Virgin Finder:anoda yaba left escapoo i no get ur time sha |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by ckkris: 12:23pm On Oct 16, 2013 |
Donmams: The fact is any individual or country that oppresses muslims will eventually be destroyed by the Almighty Himself. America is on its way to extinction. So is GEJ.The Muslims keep their gold safe at Fort Brags. Even Gaddafi kept Libya's in the US, where no one man can ever be stronger than the nation, and do whatever he liked with Other People's Money, OPM. |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Olaone1: 12:24pm On Oct 16, 2013 |
ckkris: The Muslims keep their gold safe at Fort Brags. Even Gaddafi kept Libya's in the US, where no one man can ever be stronger than the nation, and do whatever he liked with Other People's Money, OPM.Don't mind the guy |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 12:25pm On Oct 16, 2013 |
0monnakoda:From the official Federal Reserve website: "It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms." http://www.federalreserve.gov/faqs/about_14986.htm Perhaps it is in fact you with half knowledge and verbal diarrhoea. In your haste to type a pithy put-down, you have betrayed your own lack of knowledge. Typical Nigerian. All sound and no sense. 2 Likes |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 12:26pm On Oct 16, 2013 |
manny4life: Guys let us be look at this holistically. US economic hegemony is owing the world to ransom but that does not mean you have to kill a baby to love your husband. No. Replacing US dollar with China's option or regarding China's cry against US laughter is a no option. The country china is worst compare to US. This is a country that tolerates all form atrocities from other countries leaders as long as they are allowed market in such country. This is a country that manipulates their currencies just to appear sound economically. China os full of deception that will one day return the world back to the stone age. China is not a princinpled country. Forget that they try their corrupt leaders, what happens to them encouraging all round social justice in the world. Forget they will remain second best forever. 1 Like |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 12:28pm On Oct 16, 2013 |
Ola one: I think the problem here is the fear America. Russia during the Syria war imbroglio prove to the world that there is a political alternative to USA. Chinese have proven that there is Economic Alternative to USA. And this default whether it happens or not will present an alternative to the dollar. Watch out. The truth is, from this stand point, the world knows that their investments are no more safe in USA. Remove that fear away and you will see that there is a new World Order. Sometimes stay off American Channels and tune to Chinese channels and see the number of countries signing deals everyday with the about to announced Economic numero uno - China. London Mayor with High ranking members of British parliaments sign exchange deals with China last week. 1 Like |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by abubaka101: 12:32pm On Oct 16, 2013 |
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Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by abubaka101: 12:32pm On Oct 16, 2013 |
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Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by abubaka101: 12:32pm On Oct 16, 2013 |
cocoduck:Every country eyes America's role, but very few hav d ability or resources to challenge for dat role. China has the man power, the land the technology and to an extent, the leadership. Those gigantic structures as u said are mostly found in their EFZs like Shanghai also places like Macau, Hong Kong, Taiwan are not excluded, attract huge investments. China is also the home of substandard product manufacturing, hence "chinko", fake batteries, tvs, electronics etc... These goods are later exported to other nations. Those tall buildings are very much useful... Also note dat China is very strict on internet contents within it's teritory, hence you can't just Google anyhow about China and hold on to every search result as reliable or authentic. Verify it properly... Please correct me if am wrong... |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by loswhite(m): 12:35pm On Oct 16, 2013 |
While most of China’s major economic competitors around the world have seen their currencies climb against the dollar by 20 percent, 30 percent, 40 percent … even 50 percent in the last eight months … the Chinese yuan has been virtually unchanged. That’s because China controls the value of its currency. And that creates a major advantage for Beijing in the competition for world exports. It’s a primary reason China has been able to achieve such a rapid rise in global economic power. China’s currency policies have long been a problem for the United States. Cheap Chinese goods and cheap credit fueled a consumption binge for U.S. consumers and a massive trade deficit. Its authority to determine the value of its own currency and to stockpile U.S. dollars through one-way trade has put China in a position of strength against the rest of the world. |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 12:39pm On Oct 16, 2013 |
loswhite: While most of China’s major economic competitors around the world have seen their currencies climb against the dollar by 20 percent, 30 percent, 40 percent … even 50 percent in the last eight months … the Chinese yuan has been virtually unchanged.Please Explain the bold paragraph especially stockpiling dollars via one-way trade. |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by abubaka101: 12:40pm On Oct 16, 2013 |
Billyonaire:Exactly. the propaganda used by the American and British media is impressive and hard to see, but once one understands d dynamics involved in international political economy, they'll appreciate this ur post. Once in a while people watch CCTV, no be everyday be for CNN, especially in times like this. 1 Like |
Re: China Blasts US Shutdown, Calls For A ‘de-americanized’ World by Nobody: 12:41pm On Oct 16, 2013 |
America oni baje! *zooms out* |
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