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..and people, if you do invest in gold, take physical possession of the gold. Don't be fooled into gold futures markets, and paper promises. If things go to shit, you'll even be in a worse situation than you'd be in holding onto severely devalued paper currency. |
China is one of the most progresive countries...their economy is growing up and its very inovative...but usd should stay as a currency.
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they are secrewed.
either they keep their currency artifically low vis-a-vis the dollar by buying t-bills and selling yuans or they let the yuan fluctuate freely, it apreciates and they take a huge exchange loss in the debt they already have and net exports down. |
They do that and who is going to buy their cheap shit.
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They're actually starting to focus more and more on satisfying demand in other developing countries, rather than relying on the west to keep buying stuff. While the direct profits might not be as big, it means long term growth is pretty much guaranteed even if the entire west were to fall off the edge of the earth tomorrow. |
GFY China!
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i hate all these old bumps...i check them to find out they are all 2-3 years old
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It's not a question of if the dollar is going to lose reserve currency status but when. And when that happens, hyperinflation here we come! (Just for you wig).
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But then our politicians are already doing that |
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