and... Obama surrenders.

sarktastic

Obviously, we've all seen this coming for quite some time so, it's not exactly 'news worthy' but nevertheless, marks a serious change for the future of the United States as an economic influencer.

Goodbye, Dollar.

http://www.wsj.com/articles/u-s-to-seek-collaboration-with-china-led-asian-infrastructure-investment-bank-1427057486?tesla=y

2001400ex

sarktastic said:

Obviously, we've all seen this coming for quite some time so, it's not exactly 'news worthy' but nevertheless, marks a serious change for the future of the United States as an economic influencer.

Goodbye, Dollar.

http://www.wsj.com/articles/u-s-to-seek-collaboration-with-china-led-asian-infrastructure-investment-bank-1427057486?tesla=y

Exactly, the dollar is now gone. Can't wait to see the Chinese president on our bills. That's the next logical step.

OZONE

Once England, and Germany, and Canada, and France, had all agreed to work with the new bank that the Chinese started, did you want the US to go it alone?

I don't see the issue. Maybe they will step up and be the world's welfare pocket instead of US tax payers.

I'm tired of my tax dollars being spent all over the world. Let the other guys pay for some shit.

Let Egypt borrow money from China.. and let China deal with Egypt when they default.

DugtheDoog

OZONE said:

Once England, and Germany, and Canada, and France, had all agreed to work with the new bank that the Chinese started, did you want the US to go it alone?

I don't see the issue. Maybe they will step up and be the world's welfare pocket instead of US tax payers.

I'm tired of my tax dollars being spent all over the world. Let the other guys pay for some shit.

Let Egypt borrow money from China.. and let China deal with Egypt when they default.

I honestly haven't been following this, but once the dollar ceases to become the world's reserve currency, we are F.U.C.K.E.D. in the ass. Which is inevitable anyway, so we might as well get it over with. The Fed, while creating money out of thin air and artificially keeping interest rates at zero, have at best delayed the inevitable and most likely made the coming devaluation and collapse much much worse. It's like when you're sick as a dog but decide to down a bottle of whiskey. It'll make you feel better for the time being, but it's only masking that you're sick and will make you feel 10x worse when you wake up.

I think it's time we take our medicine for all the shitty monetary policies and ride it out. You eventually recover from it and once you do, your currency is stable again. But it takes a little while.

OZONE

DugtheDoog said:

OZONE said:

Once England, and Germany, and Canada, and France, had all agreed to work with the new bank that the Chinese started, did you want the US to go it alone?

I don't see the issue. Maybe they will step up and be the world's welfare pocket instead of US tax payers.

I'm tired of my tax dollars being spent all over the world. Let the other guys pay for some shit.

Let Egypt borrow money from China.. and let China deal with Egypt when they default.

I honestly haven't been following this, but once the dollar ceases to become the world's reserve currency, we are F.U.C.K.E.D. in the ass. Which is inevitable anyway, so we might as well get it over with. The Fed, while creating money out of thin air and artificially keeping interest rates at zero, have at best delayed the inevitable and most likely made the coming devaluation and collapse much much worse. It's like when you're sick as a dog but decide to down a bottle of whiskey. It'll make you feel better for the time being, but it's only masking that you're sick and will make you feel 10x worse when you wake up.

I think it's time we take our medicine for all the shitty monetary policies and ride it out. You eventually recover from it and once you do, your currency is stable again. But it takes a little while.

I doubt anybody is going to view the Chinese Yuan as a safer place to put their money, compared to the US dollar, in our lifetimes.