The Coming Collapse of the US Dollar

Here are a few snippets of what China is doing to get out of the US Dollar. Why is this important? What do they know that we don't. One, because of the Federal spending, anyone with a basic understanding that you can't spend your way out of debt including the monkey at the zoo knows that this can not continue, Second,,, it is coming, like it or not,, we are going to relive the Weimar Republic's disastrous hyperinflation of the 20's. I see the beginning of the Coming Second Civil War of the United States. Except this time, it ain't going to be too pretty,,, will it start with a prolong Bank Holiday? Or Americans using cans of Spam to buy gas, or worst, Those right wing conservative whack jobs who still believe that the United States Constitution still means something, you know, like the freedom to speech, to bear arms, to be free,, yeah,,, those not jobs,,,, the ones that are against the Health Care Programs,, The same Americans that think that America is a Republic, not a Socialist Fascist State, The same Crazy people who think that we should have the right to decide how to live their lives? Yep,,,, Will it be those Un-American Thugs that start the second civil war? { what is an un-american thug? geez, ask Nancy Pelosi, an un-american thug is an American that still believes in some crazy ideal that they live in the USA }

China to buy $50 billion of first IMF bonds

The Associated Press
2:13 a.m. September 3, 2009

"""The purchase also would give China a new investment vehicle to help diversify its foreign holdings beyond U.S. Treasury bills, in which it keeps a large share of its reserves. """

Chinese sovereign wealth fund dumping dollars for strategic investments like gold

by Lawrence Williams Thursday, September 3, 2009http://rs6.net/tn.jsp?et=1102693089367&s=13824&e=001gmRcxZgciDe0uZbA2pAR-iOlgzjsBHE6PdWb37tI_c_yIMhyHZe60pWb_765P6_7rzHXjQEvcLnhNvVCZ2VNg5FZ7nU5LICE

"""Probably the most interesting of the recent reports of what is happening with Chinese sovereign wealth fund investment outside China has come from Paul Mylchreest's Thunder Road Report where an ex-U.S. intelligence service member is quoted. He reports that he has a friend who is in the Chinese Sovereign Wealth fund sector who says - hearsay I know and it wouldn't stand up in court - indicated that the wealth fund analysts were working all hours of the day and night trying to put investment deals together - particularly in the oil and precious metals sectors. The conclusion is that China recognises that the U.S. dollar is going to tank and it wants to convert as much of its trillions of dollars of holdings into strategic assets as possible before the collapse really takes hold. """

China is Considering Ways to Diversify Out of the Dollar
By Bill Bonner • February 16th, 2009 • Related Articles • Filed Under
About the Author
Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.

"We hate you guys..."
Mr. Luo Ping, director general at China's Banking Regulatory Commission, speaking in New York on Wednesday, shared his opinion of U.S. bailout policies:
"Once you start issuing $1 trillion-$2 trillion ...we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do."
Reports in the press this week say that China is considering ways to diversify out of the dollar. The Chinese are no fools. They see what is coming. And they know what it will do to them - the holders of the largest pile of dollars ever assembled.

US Dollar Faces Death Of A Thousand 'Yuan Currency Swap' Deals
By: Kevin Mckern Thursday, April 16, 2009 7:34 PM

"""A first step in this redirection of policy focus on domestic development is for China to free itself from dollar hegemony. This can be done by legally requiring payment of all Chinese exports to be denominated in yuan to stop the unproductive role of exporting for dollars that cannot be spent domestically without incurring heavy monetary penalty."""

Decline of the Dollar Spurs Diversification
Increasing number of investors turn to foreign currency and precious metals

http://www.nuwireinvestor.com/articles/decline-of-the-dollar-spurs-diversification-51369.aspx
Published on: Wednesday, December 05, 2007
Written by: Cali Zimmerman

What do supermodel Gisele Bündchen and the Organization of the Petroleum Exporting Countries (OPEC) have in common? Both announced a desire to begin dealing in currencies other than the U.S. dollar in November. They’ve joined a growing number of people, organizations and countries that have decided the dollar is—as Iranian President Mahmoud Ahmadinejad said Nov. 18—just a “worthless piece of paper,” according to The Washington Post.