[NEWS] America, China's new bitch

[user]

http://www.cbsnews.com/video/watch/?id=4816957n

Summary: China has been manipulating its dollar for years to keep its competitive edge in the global. Obama and Clinction had vowed to end China's unethical practice, but since USA is looking for Chinese support for its new stimulation plan, they are now holding back on changing China.

[Grimjaw]

China.

[Crowley]

China.

[rumpleKillskin]

America

[Barotix]

I loled@the title. Yeah, China has got us by the balls. The dollar is the reserve currency of the world. This means most currencies are backed by the dollar; coincidentally, China has the biggest reserve of dollars. All they would have to do is "dump" the dollars into the Asian market, and hyperinflation would follow. If the dollar falls all currencies tied to it will fall too. China has every country that uses the dollar as it's backing by the gonads. Meh, hyperinflation will come regardless
(assuming we keep trying to spend and inflate our way out of a problem caused by excess spending >_> and inflation)

my 2cents.

[inky]

KAZAKHSTAN

[Squirt]

America got Ninja'd!

[XemnasXD]

^ lols

I loled@the title. Yeah, China has got us by the balls. The dollar is the reserve currency of the world. This means most currencies are backed by the dollar; coincidentally, China has the biggest reserve of dollars. All they would have to do is "dump" the dollars into the Asian market, and hyperinflation would follow. If the dollar falls all currencies tied to it will fall too. China has every country that uses the dollar as it's backing by the gonads. Meh, hyperinflation will come regardless.

look at you go.

[BloodyBlade]

America

[Reise]

Just crash the goddamn economy already.

[aznronin]

lol somewhere around the chinese articles or something, China bought alot of bonds from US to help but the other countries didn't buy as much as China did.. so.... iono thought it was the other way around

[CrimsonNuker]

China.

[nohunta]

Fk going to britian im going to china woooooot

[school]

I loled@the title. Yeah, China has got us by the balls. The dollar is the reserve currency of the world. This means most currencies are backed by the dollar; coincidentally, China has the biggest reserve of dollars. All they would have to do is "dump" the dollars into the Asian market, and hyperinflation would follow. If the dollar falls all currencies tied to it will fall too. China has every country that uses the dollar as it's backing by the gonads. Meh, hyperinflation will come regardless
(assuming we keep trying to spend and inflate our way out of a problem caused by excess spending >_> and inflation)

my 2cents.

i usually disagree with you but you are on a role today !

ed: forgot to add that Farking with the economy doesnt help any1.

[Snoopy]

America

Edit: I think China are underestimated. They're actually quite a smart bunch of people. They seemed to only have really opened up after the Olympics and are giving away some of their top secret details

[Draquish]

Just crash the goddamn economy already.

I add a value of one to this post.

[marjin_boo]

Every country put its own interest first. Would you do it IF you are China? I think I would too lol.

[PsYch008]

Just crash the goddamn economy already.

I add a value of one to this post.

agreeeeeez

<-------is tired of all the economy bullshit and votes for government overthrow.

[Shomari]

Just crash the goddamn economy already.

Is broken already

[I_R_Powerpuff]

KAZAKHSTAN

lol

[JustOnePlz]

Every country put its own interest first. Would you do it IF you are China? I think I would too lol.

If i were china, id try to make all products ever needed and ship them world wide........ oh wait nvm

[HawaiianMix]

China needs America more than America needs China. All this "caught by the balls" could be fixed too easy. It's all about business squeezing profit, thus this is nothing new.

What I love the most is how China hacked into our grid and caused the blackout up north a couple years ago.

[MrTwilliger]

How about we start manipulating Australia's currency for a change. Im sick of paying $1.20 per litre for fuel when oil is $38 a barrel, as opposed to paying $1.50 per litre when oil was $140 per barrel!

fuck my car

[Snoopy]

How about we start manipulating Australia's currency for a change. Im sick of paying $1.20 per litre for fuel when oil is $38 a barrel, as opposed to paying $1.50 per litre when oil was $140 per barrel!

fuck my car

They suck here. When we had a strong dollar, it apparently had nothing to do with our dollar being strong it had to do with the price of oil. Everyone thought, meh okay. When our dollar became weak, so did the price of oil. What changed? Nothing! This time it has to do with a weak dollar, which apparently in the first place wasn't the problem...

Big companies ripping Aussies off

For Americans: I think we're paying something between the equivalent of $5.50-7USD per gallon of Petrol/Gas.

[F-22]

lol, the chinese are in no position to do anything. they have over 1bil people. the chinese government cant even feed their own people. they have many problems like everyone in the world. the chinese also depends on the usa for their export goods. if the usa stop buying the chinese goods, say goodbye to china.

[woOsh]

if we go down, so does the rest of the world.

[Snoopy]

if we go down, so does the rest of the world.

Then the world would recover minus one superpower.

[woOsh]

if we go down, so does the rest of the world.

Then the world would recover minus one superpower.

And which specifically would that be.

[Snoopy]

if we go down, so does the rest of the world.

Then the world would recover minus one superpower.

And which specifically would that be.

Who else but the US.

[woOsh]

so you're saying the strongest country on earth wouldnt recover.

lol@you