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Japan & China to Drop Dollar, Begin Trading Directly in June
05-27-2012, 05:38 PM #1
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Japan and China are expected to start direct trading of their currencies as early as in June as part of efforts to boost bilateral trade and investment, financial sources in China said Saturday.

With the new step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current ”cross rate” system that involves the U.S. dollar in setting yen-yuan rates.

It will be the first time that China has allowed a major currency except the dollar to directly trade with the yuan, also known as the renminbi, the sources said.


05-27-2012, 06:31 PM #2
Kreeper Griobhtha
Posts:10,979 Threads:668 Joined:Feb 2011
I guess we better get used to saying such terms as glorious leader and comrade.


Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor
05-27-2012, 06:39 PM #3
Octo Mother Superior
Posts:43,885 Threads:1,505 Joined:Feb 2011
Interesting... coffeetime.gif
05-27-2012, 06:57 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:32,022 Threads:1,457 Joined:Feb 2011
Wonder if the yen will be radioactive? 13.gif

05-27-2012, 08:03 PM #5
Kreeper Griobhtha
Posts:10,979 Threads:668 Joined:Feb 2011
The economy will be.


Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor
05-27-2012, 11:57 PM #6
misterbumps Member
Posts:1,051 Threads:38 Joined:Apr 2012
and here begins the decoupling of America from the rest of the world. Next stop BRIC countries agree single currency based on strong emerging economies that is run alongside their own currencies until the single currency appreciates enough. Good to see those people who jumped ship from the American and European banking fraud still working their magic with the brand new economies of China, Australia et al and using their failings on the euro and the ever increasing debts to direct hate upon the stupid and naive politicians that were bought off to begin with. NOT

I can see by your coat my friend you're from the other side. Just one thing I got to know. Who won?
05-28-2012, 04:28 AM #7
Cynicalabsurdance Member
Posts:9,980 Threads:223 Joined:Feb 2011
nother thought in ryme

" Diaspora perceived with paranoia

constant flux of the worlds bucks

nothing changes, just rearranges

dollar going down, going down to the ground

silver up, gold as well

dollar GONE all to hell

Oil in, Oil out, that's what it's been all about

grease the palm, feed the greed

disrupt calm , feed the need

rotten day in hell, ain't got a thing to sell

Dollar's GONE,,, Gone to HELL

outsource this, import that

change our course,, make the wealthy FAT

Job went over sea's, cheap plastic for me please

cheap plastic made,,,

by the Chinese

GM down, shin kai up

hit the ground on your way up

Market this,,, Market that

China's getting big and Fat

Desperate situations, call for desperate measures

Desperate capitulations, calls for selling off the treasures

America,,,,,,,, big and strong,,,,,

what'cha gonna do,

when your monies all gone "

05-28-2012, 04:45 AM #8
Cynicalabsurdance Member
Posts:9,980 Threads:223 Joined:Feb 2011
and now for the GOOD NEWS

between Friday Morning and right now,,,
Sunday 6:30 PM

i have racked up $637 in profit

buying and selling Bikes and Outboard Boat motors.

on one motor, me and Beepers Puppy made $215 profit
in less than 1 hour and 25 minutes.

I bought that motor for $50

I posted it on Craigslist and sold it for $265 an hour and 25 minutes later.

I bought a like new 1985 Schwinn World Sport 12 speed Road Bike for

$30,,, sold it the next day for $185

I sold a Puogeot vintage 10 speed for $175, i had bought it for $12

Thats right,, only $12

it need a front deraileur that i got from a FREE box

heh heh

I gleaned from a free box outside a bike shop,, a shït basket full of tires,,
tubes,, and bike parts

sold almost everything i got for free ,, in the past two days.

and i still have one bike i paid $5 for,,, to sell for $150 before i go to sleep tonihjt

THAT,,, is American Capitalism my friends

something this new generation knows nothing about
nor how it works

how to do it

so i do it and make money off them,,,
heh heh
05-28-2012, 04:53 AM #9
Cynicalabsurdance Member
Posts:9,980 Threads:223 Joined:Feb 2011
damned right i make money off them

the lazy fuckers,,,

they deserve to have someone make money off their lazy asses

spoiled fucktards

heh heh

well, if they were not so ğkking LAZY

they would learn to do the work themselves and save themselves the money i
make off their LAZY no give a shït asses.

heh heh

Monday,,, I'll hit a couple storage unit auctions and get more shït

To sell them,, and make enough to buy a few more sailboats at auction ,,,

heh heheheheheheheh heh HEH!!!!

GAWD i feeeeeeeeeellllllll,,,, just like a Vampire right now,, HA! ,,, NOT!
05-28-2012, 07:58 AM #10
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Great poetry CA, so true.

From Denninger

If Greece leaves, and I expect they will, the odds are high that the entire Euro will fracture and as this happens your deposits and other financial instruments denominated in Euros will be converted to the new local currency and then immediately devalued, stealing anywhere from a few percent to half or more of every Euro you have.


Bank run. Soon.
05-28-2012, 10:12 AM #11
Jed Member
Posts:230 Threads:40 Joined:Mar 2012
I'm startin' to wonder just
what the exchange rate
folks across the pond are
gonna' get when the dust
settles on the Euro.
Go to bed with a million
Euros and wake up with
fifty thousand marks.
We could be lookin' at another
big bank swindle in the makin'.
05-28-2012, 11:52 AM #12
Cynicalabsurdance Member
Posts:9,980 Threads:223 Joined:Feb 2011
Thanks Shadow

Hey Jed
Reproteur is swindle, as in,

i put my money in a bank
the bank sells it back to me as a loann at a percentage of charge

so i am paying the bank to sell me my money????

yepper, yessiree bobaloo loo

cash of mine is rolled into tight little cylinders

i push it into my shower curtain rod where no thief ever checks

filled a couple of those before that way

when i need a loan

i take a shower
pull the rod down and whiff out a few hundred skins

heh heh

i come out with a clean rich ass and go shopping
no interest rates to pay.

I invest in trash that people pay big to collect ,,, and sell it to them
at a fine profit

they buy my money that i buy from me and sell to them at a huge interest rate

read above post of my profit for this past weekend

heh heh

i think i had less that $120 invested in the shït items i sold

friends freak out how fast i make money buying and flipping CRAP
that i wouldn't own.

I started a car lot in 1980 on $200

Bought two cars at an impound auction
a Honda civic for $80
a Lincoln town car for $100

Flipped the Honda for $800

and the Lincoln for $1,250

turned $180 into $2,050 all in one day

i did not own the cars long enough to even drive them to the store

I took $1,500 back to the impound yard the next day
and spent $1,200 on every car they had

8 cars total

had to buy for sale signs and put them on the Street

sold 3 that day and had all my money back and a huge profit.

you gotta gamble that way to make the Gietus GROW quick

05-28-2012, 12:06 PM #13
JayRodney ⓐⓛⓘⓔⓝ
Posts:32,022 Threads:1,457 Joined:Feb 2011
Damn Rog' what a great stash place, never though about that. Thieves and whoever would never think of looking or taking your shower curtain rod. I like it, that's really thinking out of the box. hi5.gif
Jed, you could well be right, one thing for certain is the transition from Euro back to individual currencies is not going to be orchestrated in such a way that it helps anyone but the banking system.
The IMF is in some real trouble, if the Euro goes, so too does their cash cow.

05-28-2012, 12:30 PM #14
Jed Member
Posts:230 Threads:40 Joined:Mar 2012
(05-28-2012, 11:52 AM)Cynicalabsurdance Wrote:  i put my money in a bank
the bank sells it back to me as a loann at a percentage of charge

so i am paying the bank to sell me my money????

yepper, yessiree bobaloo loo

chuckle.gif Them Fed Reserve boys have that
same city slicker scam a goin' on with the
government. Don't quite know how such a thing
came about, seems to me they are as useful
to folks as a trap door in a fishin' boat.
05-28-2012, 12:52 PM #15
Cynicalabsurdance Member
Posts:9,980 Threads:223 Joined:Feb 2011
I used to have to stash cash so much,
I actually sat and thought it out while at stool

one day, i looked up, saw the curtain rod was about the same inside diameter
as the outside diameter of the flex tube i used when i stashed cash under the hood of a broke down car i had in the garage.
I thought,,, hmmmm,,, ain 't no slob agonna look in there for sure.

i pulled it down, rolled some bills up and stuffed away

never ever lost a dime that way

the flext tube i used in the car ,, was black and looked just like a heater hose

heh heh, in fact, thats what i attached it to.

never lost a dime that way either

Jed, sneaky is always best

i took a bank for $50 G's once

heh heh, and paid it back to them on a loan they gave me

they never caught on that i was giving them money they gave me.

ya gotta be a SNEAK



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