China's Economy & US-China Relations | Moneytalk 2 of 4

[sugarpuddin88]

Even when America fails many countries like China will continue experiencing an increase in their own consumption, (Chinas GDP continues to rise despite exports being way down); collapsing the US dollar will help the world economy!

BRIC is trading in their own currency; & China now refuses to pay US derivatives.

Currently, the world is forming ad-hoc currency baskets for trade in order to get away from the contamination, which is the US dollar, (google: Shanghai Organizational Coop)

[stalkingalizee]

Not really, Chinese consumption continues to decline. Housing prices eat up all there disposable income.

[CuteCatFaith]

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[CuteCatFaith]

@sugarpuddin88 I think China's and Russia's decision in November, 2010 to just deal with each other in their local currencies for things such as oil was the Web Bot's "tipping point." Nothing will ever be the same again. I was just in Turkey -- no USD accepted. I hear USD are not accepted in Asia, but no country was named. USD have not been welcome in France for about a year now. I had a bank acct opening turned down in France because I asked for both a USD acct & a euro acct.