Reply to: Proper doom

[suityou01]

True. hence their insistence on a global currency.

OK so now I am agreeing with Sasguru. What does this mean for me?

I am not his sock puppet btw.

[sasguru]

I think the crisis has made the Chinese realise how silly they were to fund the US current account deficit in recent years to the extent they did. How annoyed would you be if you were that little guy working his arse off on a factory floor manufacturing tat for Yanks to give you dollars for that are now going down in value.

However that's in the past. What the Chinese must surely be thinking about now is how they can reduce that exposure in an orderly way. If the $ collapses then all that paper they are holding is worthless. So it is not in their interests for that to happen.

True. hence their insistence on a global currency.

[SallyAnne]

Just for me? You've taken a shine to me haven't you.

I may have

Why is that funny? Do I already know you in another persona and think you're a gimp?

[scaramanga]

Interesting Scaramanga. The doom-mongers were saying that the Chinese were fairly certain it was going to happen, which is why they wanted to drop the dollar and move over to a new currency based on SDR (the little lauded Super-Sovereign reserve currency)

There is apparently a shockwave about to come back over here as the other players devalue their currencies (eg Japan) which has the potential to collapse the dollar.

I think the crisis has made the Chinese realise how silly they were to fund the US current account deficit in recent years to the extent they did. How annoyed would you be if you were that little guy working his arse off on a factory floor manufacturing tat for Yanks to give you dollars for that are now going down in value.

However that's in the past. What the Chinese must surely be thinking about now is how they can reduce that exposure in an orderly way. If the $ collapses then all that paper they are holding is worthless. So it is not in their interests for that to happen.

[suityou01]

I will try my best - just for you

Just for me? You've taken a shine to me haven't you.

[SallyAnne]

Very good. I do not know why I typed it like that. Perhaps it was because it is before coffee. Perhaps it is because this is just a forum and people often tend to type like this. I understand this pushes the mercury up for all you pedants, but I spend most of my days typing documents and worrying about language semantics that I like to slob out a little bit in here. I will try harder in future. If you could reciprocate and post something on topic for here?

TIA

I will try my best - just for you

[suityou01]

I see what you did there

Very good. I do not know why I typed it like that. Perhaps it was because it is before coffee. Perhaps it is because this is just a forum and people often tend to type like this. I understand this pushes the mercury up for all you pedants, but I spend most of my days typing documents and worrying about language semantics that I like to slob out a little bit in here. I will try harder in future. If you could reciprocate and post something on topic for here?

TIA

[SallyAnne]

"There are" trolls like these Brillo.

I see what you did there

[suityou01]

Why do you talk like that?

"Working away..." instead of "I am working away..."
"Lots of very convincing.." instead of "There are lots of convincing..."
"Top things predicted..." instead of "There are top things predicted..."

I've seen a couple of people write like this and I always wondered why they did it - do you have a superiority complex or something?
Or is it the opposite - are you so unconfident about the interest people will have in your post you try to keep it as brief as possible, almost like bullet points?

"There are" trolls like these Brillo.

[suityou01]

Those who come wandering into general find it inhabited by the worst sort of trolls. I am only here while waiting for tpd to wake up.

Are you some sort of masochist?

Yes, now please me

[SallyAnne]

Working away atm so find I spend my evenings on google. Been quite interested in all this global currency malarky.

Lots of very convincing conspiracy stuff out there. Fox news seem to love this stuff.

Top things predicted to happen in the very near future.

Collapse of the dollar
Super-soveriegn currency to replace dollar and be used internationally as a reserve currency.
Biometric ID cards (with retina information) to be brought in to the UK as early as next year, Thales SA have won a £36.6m contract to design, build and implement this system as we speak.

Just thought it'd be interesting to get some opinions.

Why do you talk like that?

"Working away..." instead of "I am working away..."
"Lots of very convincing.." instead of "There are lots of convincing..."
"Top things predicted..." instead of "There are top things predicted..."

I've seen a couple of people write like this and I always wondered why they did it - do you have a superiority complex or something?
Or is it the opposite - are you so unconfident about the interest people will have in your post you try to keep it as brief as possible, almost like bullet points?

[suityou01]

The Chinese won't let that happen. It will get weaker slowly but won't collapse.

What is it going to collapse against? EURO - with PIIGS dragging it down? Great British Krona? Gold which we spend lots of money getting out of the ground so we can put it back in the ground in a vault somewhere.

Interesting Scaramanga. The doom-mongers were saying that the Chinese were fairly certain it was going to happen, which is why they wanted to drop the dollar and move over to a new currency based on SDR (the little lauded Super-Sovereign reserve currency)

There is apparently a shockwave about to come back over here as the other players devalue their currencies (eg Japan) which has the potential to collapse the dollar.

I'm not sure what you mean "what is it going to collapse against", because to me a currency that has collapsed has collapsed against everything.

[Jubber]

The Chinese won't let that happen. It will get weaker slowly but won't collapse.

What is it going to collapse against? EURO - with PIIGS dragging it down? Great British Krona? Gold which we spend lots of money getting out of the ground so we can put it back in the ground in a vault somewhere.

Ahhh - didn't take you long to start talking about gold did it my dear Scaramanga

[BrilloPad]

But I love you guys.

Those who come wandering into general find it inhabited by the worst sort of trolls. I am only here while waiting for tpd to wake up.

Are you some sort of masochist?

[scaramanga]

Collapse of the dollar

The Chinese won't let that happen. It will get weaker slowly but won't collapse.

What is it going to collapse against? EURO - with PIIGS dragging it down? Great British Krona? Gold which we spend lots of money getting out of the ground so we can put it back in the ground in a vault somewhere.