China Announces It Is About To Blast America Into Zimbabwe

In layman's terms, China is going to let its currency appreciate.

This means Wal Mart prices are going to look like shopping at Neiman Marcus.

The Federal Reserve and our criminal congress have destroyed the dollar's value, and now countries around the world are going to cease using it.

Further, since the US makes nothing except cars and bombs, everything that we do not make here is going to skyrocket in price.

Further, since the criminals in congress refuse to stop spending and the Fed refuses to stop printing, your food stamp ration card isn't going to buy you a loaf of bread.

Prepare for hell.

Zero Hedge reports:

In a surprising turn of events, today's biggest piece of news received a mere two paragraph blurb on Reuters, and was thoroughly ignored by the broader media. An announcement appeared shortly after midnight on the website of the People's Bank of China. Reuters provides a simple translation and summary of the announcement: "China hopes to allow all exporters and importers to settle their cross-border trades in the yuan by this year, the central bank said on Wednesday, as part of plans to grow the currency's international role. In a statement on its website www.pbc.gov.cn, the central bank said it would respond to overseas demand for the yuan to be used as a reserve currency. It added it would also allow the yuan to flow back into China more easily." To all those who claim that China is perfectly happy with the status quo, in which it is willing to peg the Renmibni to the Dollar in perpetuity, this may come as a rather unpleasant surprise, as it indicates that suddenly China is far more vocal about its intention to convert its currency to reserve status, and in the process make the dollar even more insignificant.

wow. if it actually comes to fruition, the american people will be having the biggest garage sale in the history of the earth...

and the bargain shoppers with lots of "good" currency are gonna make out like bandits.

Very misleading title...
Shame, shame, shame...

Originally posted by Dragon33
Very misleading title...
Shame, shame, shame...

It is only misleading if you are ignorant of Zimbabwe's currency problems.

Guess I should buy more silver. And more ramen noodle.

I thought I was getting a free ticket to Zimbabwe, misleading title.

If this is "news" to you, then you haven't been paying attention. Forget 2012, UFO's, and all the other things discussed on these boards, this is something that WILL impact everyone that gets anything from China. Welcome to the Communist States of Zimbabwe, collapse of our American society is inevitable,

Buckle your seat belts folks... I remember seeing a documentary about how in zimbabwe it cost 100 billion dollars for 3 eggs.

How will the govt repay the debt to china?

EDIT: Yes what the poster above said, buy silver!!! it will protect your assets at the minimum, what have you got to lose?

reply to post by mnemeth1



Yep, this will be even worst than hell. The Fed's are making decisions to "help economic growth" yet they are continuing to "spend." That's they're problem. As they continue to spend the country gets more and more in debt, therefore the US dollar no longer has any value! They have spent and spent over the years and now they have MAXED OUT!!! and they are now losing control! Their solution is "budget cuts" but budget cuts means eliminating many more jobs! These ppl must have their heads in the clouds! It really is sad! Their insane: doing the same thing over and over again clearly seeing its NOT working!!!

reply to post by mnemeth1


Stock up on rice, beans, vitamins, water, soap, plastic bags, and tons of other crap, now.

Made a Thread here before this one. Seems like the German News were the first to report it...its spreading. Market Day tomorrow will be interesting to watch

reply to post by raiders247


Cool we will rebuild, no problem there.
We will organize states and alliances and maybe a new US.
We can send the bankers to China to pay off their debt, maybe they can wash dishes or something.

Originally posted by g146541
reply to post by raiders247

 

Cool we will rebuild, no problem there.
We will organize states and alliances and maybe a new US.
We can send the bankers to China to pay off their debt, maybe they can wash dishes or something.

We can only rebuild if the Fed stops printing and the congress stops spending.

That will not happen.

We will devolve into a socialist police state, much like Zimbabwe.

reply to post by Shenon


And a better title too, excellent

People that invested in the Yuan are going to make a killing,

Wow this means nothing and I bet the dow rises tomorrow. Talk about spreading fear. Go hedge some money if you are scared. China needs oil. Guess what that is traded in. China holds a trillion of US foreign debt. I'm SOOOOOOOOOOO glad that when the dow hit 6500 I bought instead of selling like EVERY ats financial adviser would have had me do.

This site is good for ufo's but the WORST for making money in the market.

The best answer to solve this problem is to become a wolf. We are sheep. We let everything tell us to buy into this and buy into that; however, nothing that we buy in our local stores, departments, etc., sells anything from the U.S. Check your labels every time you purchase anything. You will be surprised to find out that no major retail store sells practically anything that comes from America. You have to google made in the USA to find our products. It's pretty sad to learn that no American stores carry products made here, but you can find them on the internet. Become a wolf and buy American. Everytime you do it provides someone here with a job. The more jobs we have the more we can pay our deficits. Imagine if we produced so much that other countries would buy our products and import our products we would once again become the economic giants of the 50s. We don't need their stuff, we have the capacity to produce everything we need here, and trust me it doesn't cost that much more. In fact, sometimes it costs less. Hardly any major brand companies manufacture here. Wake up! Become a wolf like me. Are you ready?

i wonder how many other countries import crappy chinese goods. not products made in china from outside manufacturers actual chinese owned companies. i think maybe it's time to pull out of the free trade act with them and put steep import taxes on their goods, and also any bodies goods that's made there and imported here or brought back to the u.s., maybe this would drive the cost of there junk sky high and make doing business in their country so expensive, that they would back down and start to try and play fair. isn't walmart like there number one
exporter and importer. of course i know it's not all their fault many things have caused companies to leave the u.s.
highfed and state government taxes, greedy corporations that want to squeeze every penny and keep all profits and unions demanding high wage and benefits that quite frankly are way out of bounds.

it's just a shame that a once great nation such as the u.s. has to go through the things we are seeing now.

Originally posted by g146541
reply to post by raiders247

 

We can send the bankers to China to pay off their debt, maybe they can wash dishes or something.

Aww I'm sure we can think of a harsher punishment than that

Originally posted by Kargun
Wow this means nothing and I bet the dow rises tomorrow. Talk about spreading fear. Go hedge some money if you are scared. China needs oil. Guess what that is traded in. China holds a trillion of US foreign debt. I'm SOOOOOOOOOOO glad that when the dow hit 6500 I bought instead of selling like EVERY ats financial adviser would have had me do.

This site is good for ufo's but the WORST for making money in the market.

Silver was 18 an ounce 2 years ago, now it is over 34.

If you had listened to me, you would have made a 190% return on investment.

How did the market do in the same period?

By the way, Zimbabwe has one of the best performing stock markets in the world..... in nominal terms.

Hyperinflation here we come!

Ah, I have seen it on the horizon a long while now. Let's get rid of money! Here's how:

www.abovetopsecret.com...