Comments on: The Five Financial Shockwaves to Expect When China's Yuan Swaps Places with the U.S. Dollar

By: Norman T

Norman T — Tue, 08 Sep 2009 02:58:43 +0000

Not to worry… because the Federal Reserve (& the US Dollar) is owned by the Builderberg Group and you can be sure that they are not gonna let the Yuan replace & diminish their monetary weapon of mass destruction.

By: Allan Pinto

Allan Pinto — Sun, 06 Sep 2009 19:43:21 +0000

It is a fair question that the Chinese would want to shift away from dollar, but in doing so it might hurt its own interest as today it is the largest subscriber of US Treasuries.

2) China’s Shifting away from Dollar policy mite also hurt its export based economy already hit by a slowdown worldwide, by weakening the dollar further it would make its own exports more expensive thereby, hurting its export based industries

By: Sam Harrison

Sam Harrison — Sat, 05 Sep 2009 17:02:40 +0000

Just goes to prove (again) what we’ve always suspected. Those in charge in Washington, D.C., don’t know their rear end from a hole in the ground.

By: James Yamaki

James Yamaki — Sat, 05 Sep 2009 17:01:00 +0000

Don’t hold your breath because you going turn blue in the face waiting! Justice Litle came out with a series of articles in Outstanding Investments in 2006, three years ago about gold’s role in the 21st century and the demise of the dollar. It ain’t happened yet. This is another long-term thing. The way to benefit from this Kurt is to hold gold, silver and other precious metals. It’s already here! Watch gold breakout from the thousand dollar level. It may shoot up to $2,000 according to some experts.

By: art youmans

art youmans — Sat, 05 Sep 2009 00:48:34 +0000

Out-of-control spending by Congress has already doomed the future of the U.S. dollar.

The U.S. National Debt should be at least $20 trillion in ten years & taxes should be sky-high when the global-warming indirect tax clobbers every citizen’s near-empty pocketbook & drives many small & large firms out of business or out of the country. Plus, unfunded Medicare & Social Security now totals about an additional $60 trillion. This country is broke now, but will look like Humpty Dumpty when it falls off the wall in ten years.

Shouldn’t investments in gold mining/mineral royalty companies be a way to insulate ourselves from the dollar’s collapse at some time in the near future?

It’s obvious to me that a basket of non-Euro countries’ currency (e.g. Chuna’s yuan, Russia’s ruble, Iran, Venezuela etc) will probably replace the U.S. dollar for pricing commodities before 2019.

The spendthrifts in the U.S. Congress are not looking out for you. They’re looking out only for themselves & the jokers who donate big bucks to their re-election campaigns (e.g. Wall Street firms who got bailouts, Trial lawyers, who get lawyer-friendly laws passed, making it easier to sue, and Unions, who get to own much of GM & get new laws passed in Congress, making it easier for them to organize.

You & newscaster Bill O’Reilly are the only people who can look after you. If you expect politicians to protect your financial future, there’s a bridge in Brooklyn you may want to buy. Any New York congressman will probably direct you to someone (on Wall Street) who’ll gladly sell you stock in the Brooklyn Bridge.

Unfortunately for us, the folks in congress don’t understand history. History tells us that unlimited printing of a fiat (paper) currency, backed by nothing but trust, is doomed. If you don’t believe me, ask the folks what happened in 2009 Zimbabwe and the 1923 German Weimar Republic when the bureaucrats printed unlimited amounts of fiat currency.

Remember the words of philosopher George Santayana, “Those who cannot remember the past are condemned to repeat it.”

Art

By: Alexander Santos

Alexander Santos — Fri, 04 Sep 2009 21:53:49 +0000

There is no denying that China has become an economic power house,but I would like to believe that the yuan alone can not supplant USD as the global currency. I’m inclined to believe though that Yuan will be a part of a new global financial system/currency where EU, the BRI(C), US and British and its commonwealth countries are also included.

By: walter (jock) mitchell

walter (jock) mitchell — Fri, 04 Sep 2009 21:07:13 +0000

please read about the dollar. please understand this play. i have told people for more than a year that i want to be paid in yuans. i’ll take them whether or not they replace the dollar. i can like democrats for alot of things, but not with money.

By: Kurt

Kurt — Fri, 04 Sep 2009 11:42:46 +0000

Great article, however was hoping for some suggestions at the end on how to benefit from this rather than just pointing out that

“Some of those opportunities will be obvious – like the need to invest in currencies and commodities that are of interest to China. Others, like direct investments in China’s yuan, will require special insight, a good investment guide, or a leap of faith.

The bottom line – and the most important thing to remember – is this: No matter how this plays out, there will always be an upside for investors who are willing to seek it out.”

Kurt