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Title: Signs on the wall Post by: Birdy on November 22, 2013, 12:54:29 PM The Chinese are announcing that they don't want US dollars anymore!
While this is not about Bitcoin, if they follow their own announcements it could have very huge implications for Bitcoin as possible alternative for the US dollar. http://michaelsnyder.mensnewsdaily.com/2013/11/china-announces-that-it-is-going-to-stop-stockpiling-u-s-dollars/ Discuss! (@Mods: If you don't think this thread is appropiate here, move it to Speculation please) Title: Re: Signs on the wall Post by: CMMPro on November 22, 2013, 01:02:43 PM Basically I see it as a rejection of the USD as THE world reserve currency...this is going to be interesting.
Title: Re: Signs on the wall Post by: EvilPanda on November 22, 2013, 01:30:27 PM $ has been weakened for decades. Countries will start to reject it as its value drops, just a matter of time.
Title: Re: Signs on the wall Post by: corebob on November 22, 2013, 01:40:48 PM Not even US believes in the $ anymore it seems.
With the massive depth and frantic money printing they are probably preparing to dump the dollar after moving their assets to gold, art etc. |