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What if China goes to the Euro???? |
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November 15th, 2007, 11:54 AM
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#1 (permalink)
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What if China goes to the Euro????
China has been lending the US 10s of billions each month for a period of years, with the declining value of the dollar what would happen to this here economy, if they swithched to the Euro?
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November 15th, 2007, 02:20 PM
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Pretty obvious since its already happening..........it will crash and crumble creating a third world economy with multiple levels of poverty.
Example: Mexico...
I let y'all pull that together
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November 15th, 2007, 03:51 PM
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Quote:
Originally Posted by JABOOM
Pretty obvious since its already happening..........it will crash and crumble creating a third world economy with multiple levels of poverty.
Example: Mexico...
I let y'all pull that together
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I don't think you're to far off. So what do we do about it?
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November 15th, 2007, 03:54 PM
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Quote:
Originally Posted by natirnr
China has been lending the US 10s of billions each month for a period of years, with the declining value of the dollar what would happen to this here economy, if they swithched to the Euro?
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Good question. I do know that we need to do a better job of understanding world currencies and global economies and markets.
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November 15th, 2007, 05:13 PM
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Quote:
Originally Posted by dlang
I don't think you're to far off. So what do we do about it?
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Save up for a rainy day........ 
You know they rely on black buying power to keep a float.
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November 15th, 2007, 05:32 PM
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Quote:
Originally Posted by JABOOM
Save up for a rainy day........
You know they rely on black buying power to keep a float. |
You got that right! (Man, don't get me on my soap box about that topic)
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November 15th, 2007, 09:42 PM
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Quote:
Originally Posted by JABOOM
Save up for a rainy day........
You know they rely on black buying power to keep a float. |
That is precisely my point, a boycott of just 45% of us would make an impact in our defense and proection, also since we are in a Capitalist oligarchy and not a democratic republic we should learn how to buy politicians like everyone else. |
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November 15th, 2007, 09:57 PM
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Quote:
Originally Posted by dlang
You got that right! (Man, don't get me on my soap box about that topic)
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oh, ohhhh, another Detroiter in the housesssss!! |
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November 15th, 2007, 09:59 PM
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Quote:
Originally Posted by natirnr
China has been lending the US 10s of billions each month for a period of years, with the declining value of the dollar what would happen to this here economy, if they swithched to the Euro?
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This is probably why America is trying to combine the Mexican and Canadian economies with our own to create another money system. I think the new money will be called "mero"??? |
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November 16th, 2007, 12:49 AM
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Things aren't looking good at all for the dollar, with the the currency depreciating every passing day, you can't help but think about a possible economic depression, we definitely need to make good use of our every dollar.
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