China's Secret Plot to Dump the Dollar

[mosaicmaster1]

The true hard assets are being hidden from the Public...Water,Food,Land.

[leolego88]

comunism will come back as well as fascism

[hehefromhere]

you motherfuckers need ron paul fast

[Jorge420x]

sounds good

[xilitol]

us dollar should be dumped, everyone should boycott us product and let us go bankrupt. we don't need united shit t control the economy, finance and peace of the world. we had enough. fuck you yankees. fuck you all, go rot in hell you evil fat yankees

[ididntmakethisname]

@xilitol well that would work, if we actually made stuff. i have literally have only seen "made in USA" on 2 things

[benitoyao]

@xilitol it's not the fault of the us citizens. they are conditioned to be that way. they are just victims.

[MrYassinMek]

Why should people do business in the Us Dollar ??? If the other countries want another currency it is their right !!! The problem is that Americans are arrogant and think the hole world must do business in Dollars because its in their interest offcourse !

I hope China and other Oil countries do business in another Currency and leave the Us Dollar !

[tusnaitachi45]

@MrYassinMek i agree with you 100 percent trust me america has been screwing countries over the longest what goes around comes around and now america is fucked but people in this country are to blind to understand the truth

[Mobsie666]

Can you block someone on here or has he gone off crying and deleted all his crap??

[ThexNaaru]

Actually .. America shouldn't really fear seeing that after some calculations you come to the conclusion that the western hemisphere of Europe owns the majority of the US foreign debt surpassing that of China. Now Europe would never turn its back on its closest ally in this world full of sick weird and deluded governments, tyrants,...

[Mobsie666]

@ThexNaaru

hahahahaha

What do you mean you're not joking?

[ThexNaaru]

@Mobsie666 No it's true really :p make the calculations yourself. The UK is the 3d nation who owns most of the USA public debt. Now if you take that amount and add it to all the other West-European nations to whom the US owes money to, you come to the conclusion that is in fact Europe or the European Union who has the biggest share in your public debt.

[Mobsie666]

@ThexNaaru What are you refering to. You do know I'm British right?

[ThexNaaru]

@Mobsie666 in the public debt of America .. I thought you were American but that's not the point :p I'm referring to the fact that if you take into account all the countries of the European Union who have hold a share in the US public debt than it surpasses the amount China holds.. so again it is the EU who has the biggest part in it ..

[Mobsie666]

@ThexNaaru To be honest I got so tied up with that pilate idiot I can't remember my initial point. I don't know about european debt but the chinese are doing all the actual making. So inevitably the debt is going to keep rising while the european one doesn't. Give it 30 years and the dollar will be worthless anyway so whatever debts there are won't get paid anyway.

[ThexNaaru]

@Mobsie666 Europe will/ should eventually be strong enough to take it over from America I suppose. Everyone keeps saying that we all depend on the USA while the Europe is left out of that 'doomsday picture'. That is due to the American arrogance I suppose. And all countries on earth have debt (with some noteable exceptions :p) so we all find ourselves in a pretty bad position. But America stands on top of that.

[Solidarnosc1980]

VOTE RON PAUL YOU AMERICAN GOOFS!!!

[fourtwozerofab]

this isn't a secret... Ron Paul has been saying it for years....

[volosblur]

The voice is right! The best way to make profit from a crisis is to write a book about how to make profit in the times of crisis. :)

[dilegentelectron]

@IAMPontiusPilate China is making less and less cheap products. They all go to countries like india and vietnam. They will never go back the american why don't you understand? 

[dilegentelectron]

@IAMPontiusPilate what you said doe snot solve realistic problems

[dilegentelectron]

@IAMPontiusPilate lol keep dreaming

[dilegentelectron]

@IAMPontiusPilate lol inferior mind what do you do for a living?

[dilegentelectron]

@IAMPontiusPilate and you think I'll take that shit? what makes you hate us so much? inferior mind

[Mobsie666]

@IAMPontiusPilate

So let me get this straight...

Your solution to Americans being lazy, worthless scratters is to force China into buying your substandard goods by threatening to kill them?

The nearest you've ever come to being a biomechanical engineer is your lego set and your snotty nose.

Simpleton.

[Mobsie666]

@IAMPontiusPilate You are just a troll. nothing you say makes any sense. China are going up in the world and america is broke. Simple as.

Soon they will be buying bits of america....

Oh wait... they already are......

Cool I hope you like communism and rice....

[Mobsie666]

@IAMPontiusPilate

Well at least I have the satisfaction of you going too. Noone would let you in on any cure.

Why bring jesus into it. You aren't a christian.

[Mobsie666]

@IAMPontiusPilate yes they can. "execute that idiot" would be one sentence of the top of my head you pedantic moron.

[Mobsie666]

@IAMPontiusPilate I know what you are referring too. But You don't know what China has and neither do your government.

You are selling land to pay of your debts don't be obtuse.

Thankfully it's not down to you.

I don't need to tread on you I can kill you with words it's easy.

[Mobsie666]

@IAMPontiusPilate yes, anyone with a brain can see i've just destroyed you as a person with any right to an opinion.

[Mobsie666]

@IAMPontiusPilate How about there are WMD's in Iraq?

[Mobsie666]

@IAMPontiusPilate you backpedal faster than a politician. These are your christian leaders you're talking about here. The ones who you think are going to wipe china out and save you?

[Mobsie666]

@IAMPontiusPilate Did they really. Oh well now I know.

Look, you are all over the place here. I feel like I'm watching someone go schizophrenic in text.

[Mobsie666]

@IAMPontiusPilate WTF does that mean you tit you brought ghosts into it. you are seriously not well.

[Mobsie666]

@IAMPontiusPilate Why would I not admit it. You don't know my opinion on this subject. What is wrong with you?

[Mobsie666]

@IAMPontiusPilate Well no, obviously....

[Mobsie666]

@IAMPontiusPilate why did you bring jesus into it? Are you just looking for attention and so will say anything to get it?

[Mobsie666]

@IAMPontiusPilate So even tho you are an atheist you are also biased against islam.

Funny that I'd swear that means you are quite indoctrinated into christiianity.

Of course i know history repeats itself. I also know you are a patronising half wit.

You are one of those atheists that makes me feel uncomfortable being one. You actually argue so badly you make christianity seem like a better choice.

What does someone like you know of the history of the world wars?

[Mobsie666]

@IAMPontiusPilate Buddhism? It never claims to be anything other than man made you moron. It is an atheist belief. F%ck man you are really dumb. This is almost too easy.

What are you talking about hiding? You are utterly clueless aren't you? Your insults are meaningless and you are embarrassing yourself..

[Mobsie666]

@IAMPontiusPilate

So you claim to be not human. Well that explains everything really.

I'm clearly older and better educated than You.

Sheep don't have Hierarchy You clown.

Buddhism does not believe in deity

The 666? It's a juvenile epithet that I added to my email when I was 15 so go on insult a 15 year old.... It should have told you quite clearly I'm not a christian really but you're just not very intelligent.

Keep going idiot.

[Mobsie666]

@IAMPontiusPilate Because it is a well known symbol for devil worship. Even christians know that. how come you don't? and yes I'm well aware of it being from a christian story. Which part of "i was 15" didn't you understand?

So why are you using the bible as proof to what you are saying?

Are you a bit special?

777? It has numerous meanings. In hebrew it has spiritual significance. in numerology it has others. Some say it points to romans while others say it points towards parts of the bible.

[Mobsie666]

@IAMPontiusPilate Well there you go. I killed you just like I said I would. A family history of cowards is it?

[Mobsie666]

@IAMPontiusPilate Why so i can prove you wrong again and you can delete all your stupid comments again? what's in it for me?

[Mobsie666]

@IAMPontiusPilate I don't know why it matters to you but My grandfather was in ww2. Not sure what point you are trying to make other than you have suicidal relatives.

[IAMPontiusPilate]

@Mobsie666 Well, there you go. They weren't all atheists!

[Mobsie666]

@IAMPontiusPilate Who said they were? What planet are you on?

[IAMPontiusPilate]

@Mobsie666 Jupiter. Named after Roman God Jupiter.

[Mobsie666]

@IAMPontiusPilate It would figure you'd be from a planet full of hot air.

[kuanged]

Even without Europe or the U.S., China can still sell products (including hi-tech like renewable energy techs) to Latin America, Africa, India, Russia, and Southeast Asian nations in exchange for natural resources and energy. They can also sell to wealthy Chinese, many of whom own revenue-generating assets in the US and Europe. Finally, since there will be a Mid-East war, the remainder of cash flow can be generated by selling weapon systems, and giving loans to warring Mid-East nations.

[briansuck]

They would have done it ages ago, don't you think?

[JUSTBAKERS135]

Ugh. maybe because 60% of exports go to the West. Good luck managing the loss of >50% of foreign market.

[1Khmerlove]

Right now there is a plot for monkey usa globalists to fool the whole world, but China United is blocking the way to cool the whole World. hey globalists did you know that americas belongs to Natives,Red skinned First Nations people? So why the racism, they let you in when they could of bashed your brains in a long time ago. Why isnt there a Native for president, cause you did a good job of slaughtering them, while preaching jesus. YOu fungus terd

[308beatZ]

All this was, was an advertisment to buy gold?

[JUSTBAKERS135]

LOL - It's not US$ they have, it's US T-bills. I'd love if they dumped the dollar, it would shut down their factories (that sell to us) and the whole country (China) would collapse. They don't have much gold (1000 tonnes) - look how much the US has (8133 tonnes).

If they wanted to redeem their t-bills, we'd just print money. 1 trillion of M1 for the Fed is only 5-7% inflation - not really bad considering the impact it would have on China.

[aaricharris11]

They keep screaming recession.. i been strugling all my life!!

i dont feel any change as of down fall or rising up!!

[grandaddyc]

You say3.5 trillion is sitting in market accounts and use long trillion (12 zeros) as does the US national debt clock ,yet when you talk of gold you use short trillion (9zeros ) Designed to deceive? Also removing the reserve status of the US dollar will not make you change your currency as you imply.

[frankyfrankyren]

@grandaddyc

We British wanted your dollar index to collapse under 60.00.

[frankyfrankyren]

@grandaddyc Perhaps a few terrorist attacks would be better. LOL!

[grandaddyc]

@frankyfrankyren Our parliament would make a good target!

[grandaddyc]

Never ! been a secret.  allways buy physical.

[EndTheFedRes]

I use Gainsville Coins. Haven't found any place cheaper...for silver.

[minerva3181]

Why does this video hide these facts from the viewers:

#1: USA is the biggest gold owner in the world (8,133.5 tonnes),8 times more than China's 1,054 tonnes.

#2: To purchase gold, the US dollar is the only currency for settlement. More demand for gold = more demand for USD.

#3: If the US went bankrupt, it would be forced to shed its gold reserve in a big way. When the world's biggest holder begins to sell, the world's gold price will only drop.

How can China or you profit from this?

[B1ATCH1000]

@minerva3181 duno but i dont think china is that dumb...if u realize this then the chinese would too...they must have a plan

[minerva3181]

@B1ATCH1000 In fact, they have no plan. They are trapped by their over-large USD assets and are being held hostage by its own wealth. If US goes broke, they will go broke too. Putting China in the same boat is USA's best insurance policy. If China wants to save their assets from vaporizing, they must save the USD first. The so called plot in this video is totally groundless is only destined to scare people into a panic gold rush, just stay clear-minded and don't fall for it.

[minerva3181]

@B1ATCH1000 Obama should tell the Chinese leaders: "If you want to trash the USD, just go ahead. Your US$3.2 trillion foreign currency reserve is at stake. See if I care!" That's attitude!

I just can't understand why at this difficult time, US bullion traders are still trying to cheat the last dollar out of their own common folks.

[ashtoncoxable]

@minerva3181 #1: We don't have enough gold to keep up with the federal reserve's printing of money.

#2: The trick is not to obtain more gold but to invest in gold and silver minning co. The last gold rich soils are in Africa and Canada.

#3: Your right. However, when this hyper inflation takes place the dollar will plummet, leaving us not nearly enough gold to break even. China is worried about thier investments. They are not indebted. Thier economy will remain strong.

[minerva3181]

@ashtoncoxableWhen the dollar plummets, the 1 trillion debt that US ows China will plummet too. That's why they'll never be the first to dump USD. UR right, China doesn't have much soverign (external) debt but the SOEs (state-owned enterprises) are all heavily indebted to foreign banks. The Railway alone owes 3 trillion and can't replay the interest. Many SOEs are technically insolvent. When their property bubble bursts, China's default would be worse than Europe.

[ashtoncoxable]

@minerva3181 i had not realized all that.... Thank you. I don't believe China's government is bailling out the SOE's debt. Well, not the way our government or Europe is anyway. And for now it works. However our goverment needs massive reform in any case. I appreciate your input...

[minerva3181]

@ashtoncoxable Anyone can do the math. China's (much overclaimed) 9% GDP growth minus its (greatly understated) 6.5% inflation = 2.5% real growth (even if you believe in their official figures). That's the same as America's. What's the magic in this "Economic Locomotive"? When hyper-inflation hits and the capital-chain breaks, all Ponzi schemes will implode (when output is bigger than input = unsustainable). The Party is now forcing its bank to lend out big money in bad times. What will happen?

[ashtoncoxable]

@minerva3181 The only solution to the upcoming hyperinflationary crisis will be a global digital gold backed currency.

[minerva3181]

@ashtoncoxable I suspect that's what US strategists are thinking too. That's why, even in financial crisis, the Fed still chose to print more dollars but not to sell a single ounce of gold in Fort Knox. After all paper currency (USD, Euro, Jap Yen, Renminbi) becomes trash and must sit down and design a new global currency. America with its 8,000+ tonnes of gold reserve will re-emerge as the richest nation in the world..But now you have to bite the bullet.

[idangle6]

@minerva3181 china is a myth they growth is fueld by fake construction

[minerva3181]

@idangle6 With fake growth, fake GDP, fake industries, it's only natural that the Chinese people are eating fake food too.

[rei9707]

2:44 a little worried? really only a little?

[dishesdealer417]

Why wouldn't china want to dump dollars? They are getting more worthless due to the printing of unbacked dollars to bail out the incompetents & criminals on wall street. I dont' want dollars, that is why I am buying real money, Gold, Silver, Copper.

[chinasweetbaby]

we have to addmit chinese are more hard workers

[rubbersole79]

@chinasweetbaby

Or rather, they are worked harder.....we don't put nets around our buildings to catch people trying to commit suicide at work.

[massivemak]

cant blame the chinks for what they are doing saddam tried the same along the lines of selling oil for the european euro's so they killed him. gaddafi was about to trade oil for gold as he did not want to be reliant on the american dollar, specially when its a failing currency. so they killed him. think the masons are shitting there pants. cant see them going to war whit china.

[ruinedlikejesus]

@massivemak if you're going to use the word chinks, might as well you replace Americans with Fat-fucks?

[Aaaaarrrrrrggghhh]

@ruinedlikejesus they are just a bunch of dumb rednecks

[sasuke2545]

America's getting what is deserves its an evil corrupt nation

[buzzin1975]

@sasuke2545 You forgot Europe, where the albino Americans came from. They're getting their just rewards as well. Time for Brown and Yellow people to rise once again.

[sasuke2545]

@buzzin1975 Lmao i never looked at it like that but you may be right i hope not though we all need an equal chance if people keep rising and falling then itl keep going through that cycle

[buzzin1975]

@sasuke2545 There were no cycles before the Euro-peon happened on the scene. For thousands of years societies were stable.

[sasuke2545]

@buzzin1975 well thats not the case anymore plus americas not gonna let other nations rise to the top without a fight all this will probly result in war

[buzzin1975]

@sasuke2545 Bingo! And when did you figure that out?

[sasuke2545]

@buzzin1975 when i typed it o_o

[politicjunkee]

Karma is coming -- won't matter if you have precious metals.

[MrAppleseed88]

I hope we become so poor we can not afford to feed 3rd world scum and they all leave the USA for good.  No more food stamps no more section 8 housing no more free medical and education for 3rd world scum ever!!!!

[buzzin1975]

@MrAppleseed88 Which 3rd world scum are you referring too? The European Americans? Last time I checked, they were the ones who couldn't even fucking feed themselves when they invaded "America".

[hiperdeflacion]

@MrAppleseed88 You dont get it¡¡¡ NOW you are so poor that can own their homes. Only credit cards and debt, wile banks get fat rich with your money and bail outs.

[TrenchCoatMafia33]

@THENaners247 Have you tried learning Chinese?

[buzzin1975]

@TrenchCoatMafia33 Yeah, I have. "Hey Es so, u tink u so tuf, cuz u sta dee da mar xia aaart"

[marcemuzic]

BUFU ... BUY US FUCK YOU !!

[7curiousg]

$1230/oz for gold and $12-14/oz for silver is the absolute cheapest price for the PMs should the US not face another downgrade during this bear market. Buy and hold SRTY and sell for 100-120% gains for virtually guaranteed profits. Use profits to buy some physical gold and silver if you don't already have some. I suspect the EURO will go under before the USD. A failed t-bill auction will trigger a panic sell-off of the USD (2013-2016 to be conservative, some say mid to late 2012)

[7curiousg]

SLV or GLD are no substitutes to the physical due to counterparty risk if there ever is a run on gold and silver redemption when mania hits. Gold and silver prices will correct in the short to intermediate term in this bear market and dollar should be strong for now but when QE3, QE4, etc hits, prepare to see an accelerated sell-off of the dollar and accelerated increase in gold and silver (possibly in 2012-2013). We will default, either covertly through QE-inflation induced QE or outright

[Tubeglowfun]

Why not just invest in the gold backed Chinese currency instead of paying the crazy inflated prices for gold?

[msoviet409]

Thinking of China before the Ronald Reagan years was poor as hell. Then American companies were allowed to invest in China, so heavily that turned this gigantic 3rd world country into a powerhouse. Now they think they can run the US? With the USD that they ripped off the American people? Never !!!

[61TUNER]

FUCK THIS. CAN,T EAT GOLD.

[babykevinxoxo]

why does the USA has to have to dumbest government?

[Wisdombluetooth]

I agree to dump the dollar, since USA is abusing the world since centuries...live and abuse resources every one American abuses 5 times more than any other human on earth and polute too...invasions and selling weapons they should calm down and let others live

[Rico8458]

excellent feedback.

[6308281]

This has to be the dumbest video the chinese only hold a fraction of US debt - who is this fool trying to kid

[ltmikepowell]

@6308281 As a gold investor and silver collector, here's my word for you.

PISS OFF!

[spemux]

No wonder why gold is very valuable today

[alex7ndar]

Welcome to open free trade new world order economics to bring in a one government world.

Tower of babel, they all talk the same language, austerity, bail outs, fiscal restraint yada yada yada

[TheCentralServices]

@TheARMAProductions Not to forget Russia. All these countries combined are a considerable and very interconnected part of global economy. Bombing Iraq did not solve US debt problems and nuking China won't either.

[TheCentralServices]

@TheARMAProductions I is funny to watch all the excitement of the US who seem to think China just came about 10 years ago and now get really agitated on how they could have missed it. They seem to be totally unaware of ASEAN and BRIC. ;-> Sorry that you have been blocked, just a stupid gamer kid I think.

[TheCentralServices]

@TheARMAProductions I very much like the British empire and Gentleman's values until 1914. It is a pity that it collapsed.

[TheCentralServices]

@TheARMAProductions Wind of change?

[TheCentralServices]

@TheARMAProductions I never preached that China is great, I said that we will survive and not collapse. We do entertain branches in other countries, we have foreign politics. Do you want all eg British diplomats who think Britain is as good or better as the country where they have embassies to close the embassies and go home to Britain?????

[TheCentralServices]

@TheARMAProductions Subduing insult, negativism and being positive is an important aspect about Chinese culture. Polite criticism is fine, insult is not. You insulted the poster.

[TheCentralServices]

@TheARMAProductions You didn't loose the Empire. It failed. What do you mean exactly by "If the West goes down"? But you are right about brands. Without Nike, Rolls Royce and Coca Cola China would indeed collapse.

[TheCentralServices]

@TheARMAProductions We were a little busy holding the Empire together and succeeded where the British failed. Technology is nice but not neccessary to survive, but thanks for the ground work. Do you honestly believe that Chinese are stupider than Europeans or Americans and that we intellectually live in the stone age? How many Americans are actually able to develop an eg totally new communications satellite. Ever thought about they could work for us if the salary is attractive?

[TheCentralServices]

@TheARMAProductions Is there somebody trying to blackmail us? We didn't need the USA 200 years ago, we don't need them now.

[TheCentralServices]

@TheARMAProductions Collapse? Survival? We have seen the babylonian empire fail and we prevailed, we have seen the roman empire, the byzantian empire, the roman catholic empire, the ottoman empire, the british empire and the attempt of a german empire fail and we prevailed and now we see the american empire fail and we prevail. What have we learned from that in order to stay safe, free and prosper? We have 5000 years of empire experience. Who are you to give us advice?

[TheTrueJBV3737]

I can't speak for everyone, but why would it be only china and why would it be secret? I dumped dollars long ago, I buy all hard assets, I think the rest of the smart people in the world are doing the same.

Physical Silver for the win!

[TheCentralServices]

Your dollar is nothing more than a FED fantasy. Get ready for the $50 000 Peoples Cheeseburger. We are getting out of the dollar and into gold. We don't need you anymore... Please stop asking for more money. Regards, Bank of China

[SuperDickweed]

I'm the guy who took that shit in your front yard.

Chairman Mao

[whatisupfolks]

Ah....know i understand, they want to pay for foods by gold & silver !

Wow, those Chinks are real smart

[whatisupfolks]

Why buy gold & silver at such a high price ? why not buy lands and raise durable crops ? You can't eat gold and silver after all !!!

[ltmikepowell]

@whatisupfolks Golds and silvers are for value keeper of the economy, use your common sense for once alright.

[youtp007]

prescient indeed