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Author Topic: Signs on the wall  (Read 742 times)
Birdy
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November 22, 2013, 12:54:29 PM
 #1

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)
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CMMPro
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November 22, 2013, 01:02:43 PM
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Basically I see it as a rejection of the USD as THE world reserve currency...this is going to be interesting.
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November 22, 2013, 01:30:27 PM
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$ has been weakened for decades. Countries will start to reject it as its value drops, just a matter of time.

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November 22, 2013, 01:40:48 PM
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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.
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