*** Breaking News ***
 

http://www.halturnershow.com/ChinaToDumpUSDollars.html

CHINA TO DUMP ONE TRILLION IN U.S. RESERVES!!!!

Tells visiting Bush administration officials they will not sit back and lose their shirts as U.S. Dollar collapses; they are getting out fast and large!!!!!!

http://www.washingtonpost.com/wp-dyn...121400681.html


U.S., China Clash on Currency

Both Countries Assertive as Economic Talks Open in Beijing


By Ariana Eunjung Cha
Washington Post Foreign Service
Friday, December 15, 2006; Page D01

BEIJING, Dec. 14 -- U.S. and Chinese leaders clashed publicly on the opening day of strategic economic talks, with Treasury Secretary Henry M. Paulson Jr. pushing China to revalue its currency and Chinese Vice Premier Wu Yi saying Americans do not have a full understanding of the situation.
After standing by as U.S. officials criticized her country's economic policies in the media during the past week, Wu set the tone for the meeting with assertive introductory remarks that spanned 20 typed pages and 5,000 years of Chinese history.

Okay, that's the last time I buy a plastic tricycle, plastic ciagarette lighter or silk tie from China ... We really can't do anything about it ... I owe, I owe, it's off to work we go ... :D

A good opportunity to twist the arm of Uncle Sam says the Middle East:

:down: Not great news...but also not surprising...China has had this sword hanging over the US for some time...let's see what the admin can do to prevent problems before we start wheeling out barrows of dollars to buy a loaf of bread.

If the US goes back to the gold standard China and the EU loose their shirts.

EDIT: The reserves in tonnes.

United States8,133.52
Germany3,427.83
International Monetary Fund3,217.34
France2,892.65
Italy2,451.86
Switzerland1,290.17J
Japan765.28
Netherlands722.49
European Central Bank719.910
China, Mainland600.011
Spain493.312
Taiwan423.313
Portugal407.514
Russia386.615
India357.716
Venezuela357.417
United Kingdom311.318
Austria307.519
Lebanon286.820
Belgium227.721
Philippines187.922
Bank for International Settlements185.323
Algeria173.624
Sweden155.425
Libya143.826
Saudi Arabia143.027
Singapore127.428
South Africa123.929
Turkey116.130
Greece107.931
Romania104.932
Poland102.933
Indonesia96.534
Thailand84.035
Australia79.736
Kuwait79.037
Egypt75.638
Denmark66.539
Pakistan65.340
Kazakhstan58.6

How true is this and how much of it is bluster?

I seriously doubt that.

I posted the gold reserves above. The US federal reserve also holds 5000 tonnes for other nations. I suspect that belongs to the US now.

http://en.wikipedia.org/wiki/Hal_Turner

All bluster - and this is your idea of breaking news?

If we went back to the gold standard ... Would the price of Gold go up or down?

Should go up.

Look at the advertisement I've found on the first link:
http://www.privatewebhosting.org/

How cute. After looking who this guy is the end of his article makes complete sense.

EDIT: Another cute ad found in Hal Turner's site - http://www.aryanwear.com/

LOL, check the entire website. It's a freak show:

*** BREAKING NEWS ***
BANKS "CAPPING" WITHDRAWALS AT $1,000 MAX!!
REPORTS COMING IN THAT PEOPLE ON LINE FOR AN HOUR; TOLD THEY COULD ONLY WITHDRAW ONE THOUSAND DOLLARS!
Word of a possible collapse of the U.S. Dollar has apparently spread far enough and fast enough that the banking industry is reportedly LIMITING the amount a person can withdraw! More details as they become available.

Now check out the comments:

remember when the jew starting taking over the roosevelt government in 1930
baruch the jew wanted americans not to be able to get their money out of the bank and closed the bank for several days.
the jew is ready to do that again.
now they run our entire government.
they will also confiscate all pensions for Jew World order.
if your money is in stocks bonds pensions bank, you do not own that money until it is in your hands.
it is the 100 percent property of the Jew American government

Fish, keep the washington post stuff but get rid of this crap.

He, I am just the messenger.

Breaking News !!!!




I scratched my foot.

The TV was on, too. Not sure if these events are related.

Hal Turner, seem a lovely guy..NOT....

I knew it! Neal's the "BIG D"! :yep:

:sunny:
Well after China told US to shut up or we will nuke you( BTW with MTNWM's given to them by our glourious, cigar smoking, blue silk dress staining,Prez. Clinton...oops almost forgot whorehopping:nope: ) ...when they took control over some hole in the wall country over there seems we anit got to much to worry over we will shut up and take it like a man[ with out lubrication in places where a man should not be taking it]...

After they threatened us my wife and I had a bonfire in our front yard and now there is no Chinease products that aren't needed in our home.

yes yes Im sure that some where buried deep inside my TV or Stero or Computer there are chinease parts....I think my cars are made in Mexico so no worries there...show me how to get rid of them and still provide every one with my biting saracasm and mispellings and I will put an end to my particial dependence on China products....:roll:

Your car's made in Mexico and you're not worried?!

Ay caramba! :o

=============

No! not worried...being the labor unions here demand that a man/woman[I will leave the man/woman thing to your imagination] get 1: paid $20 an hour 2: have his and his entire family insured with dental and no deductibles 3: plus a nice retirement fund, to do his/her {agian leaving that to your imagination} job of screwing lug nuts on a wheel...THEN expecting a person making $6 to $10 an hour to pay $600 a month for 5 years on a vehical with maybe $1000 materials in it:huh: :huh: :damn: :o

Yes!... I'm ok with my car being made in Mexico

Whether this is bluster or not. The US-China relationship is not a mutual one regardless. It is extremely one sided, and they get the upper hand in everything. They get knowledge, technology, ideas, business, businesses, and etc from us. And what do we get from them... nothing but a huge trade deficit, we hardly sell them anything, we certainly don't acquire anything like what they are receiving from us on a daily basis. We have hung ourselves horribly. I do my part in boycotting everything that is "Made in China" but it's damn hard anymore here in the states cause almost everything is made or at least has a component coming from that country. If China were to say, we are nationalizing all private businesses and/or emplacing economic sanctions on the US, it would not be good for us at all economically. You thought the market crash after 9-11 was bad, that would be nothing.

Clinton was the one who lead us into this hole. Now, Bush is the one who seems to be doing nothing about it... Here's to hoping that '08 brings better resolve on this issue. I still agree with a lot of what Bush has done, but there are times like with this issue that I don't understand the man. This and his stand on immigration, but that's for another thread.

EDIT: just a few additions to make myself clearer.