Bitcoin Forum
May 08, 2024, 04:49:32 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Signs on the wall  (Read 830 times)
Birdy (OP)
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
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)
1715143772
Hero Member
*
Offline Offline

Posts: 1715143772

View Profile Personal Message (Offline)

Ignore
1715143772
Reply with quote  #2

1715143772
Report to moderator
1715143772
Hero Member
*
Offline Offline

Posts: 1715143772

View Profile Personal Message (Offline)

Ignore
1715143772
Reply with quote  #2

1715143772
Report to moderator
"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
CMMPro
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
November 22, 2013, 01:02:43 PM
 #2

Basically I see it as a rejection of the USD as THE world reserve currency...this is going to be interesting.
EvilPanda
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


Small Red and Bad


View Profile
November 22, 2013, 01:30:27 PM
 #3

$ has been weakened for decades. Countries will start to reject it as its value drops, just a matter of time.

corebob
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
November 22, 2013, 01:40:48 PM
 #4

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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!