manny4life:

I haven't heard about a universal currency, heck if U.S and her Europe allies won't be part of it, then such decision is DOA. What I knew back then was BRICS wanting to initiate a new trading currency, but guess what, I think they've been unsuccessful about the idea. Brings us back to the question

How do you DE-AMERICANIZE THE WORLD ?

manny4life:

I haven't heard about a universal currency, heck if U.S and her Europe allies won't be part of it, then such decision is DOA. What I knew back then was BRICS wanting to initiate a new trading currency, but guess what, I think they've been unsuccessful about the idea. Brings us back to the question

How do you DE-AMERICANIZE THE WORLD ?

Billyonaire:

OPEC and BRICS and ASEAN countries need to meet with IMF and WORLD BANK to fashion something out. But then I guess the NSA has something on everyone, and will always make us all an offer we can not refuse. Give it to America, she preaches Freedom yet keeps us all bound.

abubaka101:
That's harsh and a little insensitive, considering that u may not knw any of us, wat we do, or wat we knw. And also, there is no bad thing in sharing ideas and making a good discussion.

Billyonaire:

OPEC and BRICS and ASEAN countries need to meet with IMF and WORLD BANK to fashion something out. But then I guess the NSA has something on everyone, and will always make us all an offer we can not refuse. Give it to America, she preaches Freedom yet keeps us all bound.

manny4life:

You forget so quickly, who controls most OPEC and ASEAN nations? This is unlikely to happen, this is why BRICS went solo but they've been unable to do so. At least, I remember three years ago when they stormed Washington DC, something is yet to come out of it.

Ola one:
Now you claim you don't know yet you berated us all for saying what you know nothing about? Tell us all you know about this saga. We want to learn from you

manny4life: Everyone has contributed greatly to this discussion, but my sincere advice to many, if you have any savings or investment, please consider taking it to Nigeria.

Nigeria is bad but they are on the right footing to lead Africa as a nation (i.e. if we don't divide)

The U.S. is unstable at the moment, I wouldn't be caught with my pants down when shitt hits the fan...

I'm out... I would be back

Ola one:
I laugh in Mandarin again. Are you talking about the same Bretton Woods institutions America controls with ease? Ever wondered why these institutions have always been headed by Americans and Europeans?

Billyonaire:


Chinese and Japanese are watching how their billions will disappear in a matter of hours.

0monnakoda: I do not know but your knowledge is in deficit.If it is possible to have a knowledge debt that is where you are so you need to acquire a lot of knowledge just to reach ZERO.
Do you even know what the subject of this thread is? Thou knoweth not and knoweth not that thou knoweth not but thinketh thou knoweth all

tdade: Dare I say, a US 'default' could cause military action. Maybe a bit far-fetched, but still plausible.

0monnakoda: You are living in the past today the reality is America is a debtor and China is its biggest creditor. Yesterday the British Chancellor turned into a praise singer ala Obesere whilst in China begging for Chinese Investement. Offering to change Visa rules for Chinese whilst they are asking Nigerians to pay a bond
[size=23pt]The Chinese came and bought Jaguar[/size] and are buying up key European companies . It will take some time before you wake to know that it is morning

0monnakoda: You are living in the past today the reality is America is a debtor and China is its biggest creditor. Yesterday the British Chancellor turned into a praise singer ala Obesere whilst in China begging for Chinese Investement. Offering to change Visa rules for Chinese whilst they are asking Nigerians to pay a bond
The Chinese came and bought Jaguar and are buying up key European companies . It will take some time before you wake to know than it is morning

Billyonaire:

Truth Remains that even if the Debt Ceiling is raised today, it means more borrowing by America, its means more debts accumulation, it therefore means that in the future, the climax will be reached and the bubble will affect the entire lenders to America. China and Japan will be affected, even Nigeria's Foreign Reserve and Sovereign Wealth Funds is in jeopardy.

America's debt, is America's burial in the near future, and means, Chinese Glory. By this time tomorrow, if there is no agreement reached by Republicans and OlBama to lift the debt ceiling, USA will be worth $30 billion dollars ONLY in cash.

The truth is that, it is no more safe to invest in America's Securities and Bonds, I say we run East, I say we run to China.

Timehin:
When and if the new world order breaks in our time it will definitely be from regions that aint already 'saturated' nor reach its peak.

Africa...my africa are we ready

Ola one:
See you. You included this rider because you know the facts are out there.

Read more:
http://www.economist.com/blogs/analects/2013/02/chinas-poor

http://www.ruralpovertyportal.org/country/home/tags/china

BTW, I expect you to discredit these sources .

manny4life:

I haven't heard about a universal currency, heck if U.S and her Europe allies won't be part of it, then such decision is DOA. What I knew back then was BRICS wanting to initiate a new trading currency, but guess what, I think they've been unsuccessful about the idea. Brings us back to the question

How do you DE-AMERICANIZE THE WORLD ?

tdade: Wasn't Japan considered the next big thing in the eighties? Didn't that dream bite the dust? The harsh reality is, with all China's potential, if US goes the 'default' route, they'd be burnt - badly, albeit temporarily. Leaves one wondering maybe those at capitol hill are doing this purposely to wipe off their debt, but ultimately, stunt China's growth.

InvertedHammer: /


It comes back to a famous quote that I stated sometime ago:

"If you owe a bank $10,000, it is your headache;
If you owe the bank $2 trillion, it is the bank's problem"

The whole world is following Economic and Financial policies formulated by the West.
For some reason, I believe that US is trying to wiggle out of their debt obligations. This is just a test run.
This issue will be resolved soon. But in a subtle way, US is telling their creditors that "nothing is guaranteed".

Remember that quiet a good number of American politicians are folks that climbed to the top by
using bankruptcy laws to screw creditors until bankruptcy laws were changed.
They are playing a familiar game on a higher scale.

I feel sorry for China. They should have learned their lesson in 2008. Invariably, they will be left with
empty bags. It is a matter of time. USA is not going to pay! They will find every reason in the book not
to pay. I can say with some level of confidence that WAR may not be off the table.

0monnakoda: How did it bite the dust? What is this thread about? Is it about who has the biggest dick in the land?

Japan is in terms of its size and available natural resources overperforming its potential.It is about the size of SW Nigeria and so we can safely say it has reached its peak. China on the other hand is ten times the size of Japan in Population terms and a lot bigger in terms of Natural resources
Anyway the idea of "De-Americanization does not imply that the world should replace America with China. That is an infantile approach. If the world is to learn anything from the demise of AMerica it is that there cannot be or should not be ONE reserve currency going forward.It would be naive to assume that America would suddenly disappear and become irrelevant. Different groups of nations can have their own or use several currencies as reserve and that is already happening to some extent already. The ability of the US/Europe to fund the World Bank/IMF is disappearing and countries are waking up to that reality.There will be alternatives that could be bigger and more influential that is the issue here not who has more cars or drinks more CocaCola
African can ask itself since it has been dealing with the West how much infrastructure it has received compared to recent experience with China.The facts are there. Concrete projects with no preaching/conditionalities

tdade: Your snide comments make you seem infantile and petulant. I said if the US govt. defaults, China would be at a loss, and 'albeit temporarily.' Where did I claim 'this has more than that?' I stand on what I said on Japan, and I still say if China isn't careful, they'd go down that route. BTW, Tata of INDIA bought Jaguar, not China. Before you give replies marred with snide comments, read properly. You'd see I also said the world must do away with the dollar in an earlier post.
And when did a 145000 sq mi Japan become equivalent to the SW of Nigeria? Do you know how small SW is in comparison? To further disprove your theory, why not compare 30000 sq mi England with a GDP of $2.5 trillion plus to Japan(145000sq mi) with a $4.7 trillion GDP. You do the math.
If you'd be petulant and uncivilized, don't reply - simple!

tdade: Your snide comments make you seem infantile and petulant. I said if the US govt. defaults, China would be at a loss, and 'albeit temporarily.' Where did I claim 'this has more than that?' I stand on what I said on Japan, and I still say if China isn't careful, they'd go down that route. BTW, Tata of INDIA bought Jaguar, not China. Before you give replies marred with snide comments, read properly. You'd see I also said the world must do away with the dollar in an earlier post. If you'd be petulant and uncivilized, don't reply - simple!