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61 - 73 of 73 Comments Last updated Sep 27, 2013
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McQuan

Montréal, Canada

#71 Sep 25, 2013
Posts #68 #69 are missing. Hmmm... very strange.
LOVE CHINA DESTROY CCP

Surrey, Canada

#73 Sep 26, 2013
Andrez Lopez wrote:
Trading in China's currency has tripled in three years --- Bank of International Settlement.
Yes, it is almost ONE PERCENT of the global market now.

Wow!

EIGHT CURRENCIES, including the MEXICAN PESO, are more important to world trade than the Chinese Communist Party's useless Banana Republic RMB Playmoney!

"Irrelevant" in the real world, but due to take over any second in the CCP China fantasy world of propaganda lies!

FUNNY!

Since: Nov 10

Guangzhou, China

#74 Sep 26, 2013
lct wrote:
where is my freedom of speech?
you can hide my comments, discount them, but you can't hide what is happening.
eh?
what's up?
a u abusing anyone? or your computer can not post it?

sometimes, my signal can not access to it.
lct

Beijing, China

#75 Sep 26, 2013
New China wrote:
<quoted text>
eh?
what's up?
a u abusing anyone? or your computer can not post it?
sometimes, my signal can not access to it.
you're the one abusing everyone here pretending.

Since: Jun 12

Location hidden

#76 Sep 26, 2013
Andrez Lopez wrote:
China's currency had almost no exposure in the international market, because of government control by the central Chinese government that prohibited almost all export of the currency, or use of it in international transactions. Only as of the middle of 2009, China started to allow the Renminbi to 'SWIM'
across international waters.
So, mark China's starting point in the race:
Middle of 2009.
If trading internationally in Renminbi increases LINEALLY it will catch up with Mexico in a year; and it will catch up with the US in TEN years.
If it increases EXPONENTIALLY, it will catch up with the US in LESS than 3 years.
And now you all know.
But not its stock and asset market, hot money has been flowing into that for years now and the Big 4 banks just kept buying these assets, now if QE was to end it would spell a burst into the housing bubble that has emerged there.

Remember 2007? This would be/no will be worse.

Since: Jun 12

Location hidden

#77 Sep 26, 2013
lct wrote:
where is my freedom of speech?
you can hide my comments, discount them, but you can't hide what is happening.
You extentions finally falling off your very small head?
Chinas MORON DICTATORSHIP

Port Moody, Canada

#78 Sep 26, 2013
lct wrote:
note 'pre-fed'.
fed is under liqudation. eaxtly what I said to started this thread.
started with S.F fed, now dallas fed is under way.
during the fed, they swaps alot currencys with yen, euro, MXN, CAD, ZAR. currency trade in this case is people trade.
and yes, we reached MEXICAN.:)
Is THAT what the CCP dictatorship is telling the Chinese people in its propaganda rags???

HA HA HA HA HA HA HA HA!

In fact, even CANADA has a currency used over TWICE as much for trade than the CCP's useless Banana Republic Playmoney!

Here, dumb misled Beijinger! The FACTS are known EVERYWHERE ELSE:

Currency: The U.S. Is Dominant, Europe Is Fading, And China Is Irrelevant (For Now)

by QUOCTRUNG BUI
September 24, 201311:05 AM

Every day, people around the world trade $5 trillion worth of currency. That's an astonishingly large number; it's equivalent to about four months of economic output for the entire U.S. A new report shows how that $5 trillion is spread among the world's currencies — and how the breakdown has changed over the past few years.

Currency Trades For Top Currencies
Source: BIS Triennial Central Bank Survey
Credit: Quoctrung Bui / NPR
A few key things about the graph:

The U.S. dollar is still the currency of choice for most international transactions, accounting for 44 percent of the global currency trade. In fact, its share of all transactions has actually increased over the past few years.

The euro is the second most traded currency — but its role in the world has fallen significantly in the past few years, largely because of the economic crisis in Europe.

The Mexican peso still accounts for a small share of the global currency markets, but trade in the peso is growing like crazy. This is partly driven by Mexico's strong economic growth. But it's also because, unlike governments in many other developing countries, the Mexican government has made it easy for people to buy and sell the peso.

China is the world's second largest economy – but its currency, the renminbi, accounts for only 1 percent of the global currency trade. That's because the government restricts the renminbi's use in financial activity. This allows China to control the value of its currency relative to the dollar and other key currencies. But China, which wants to be a bigger player in global finance, has been slowly loosening its restrictions on the renminbi — and as result, the currency's share of global trade, while still small, is starting to grow.

from;
http://www.npr.org/blogs/money/2013/09/24/225 ...

Get it?

"China is the world's second largest economy – but its currency, the renminbi, accounts for only 1 percent of the global currency trade. "

HALF that of CANADA!

A TINY FRACTION of the US!

But of course, Canada does not have a Leninist dictatorship surviving on lies and political terror against its own people like China does!
Andrez Lopez

El Paso, TX

#79 Sep 26, 2013
LOVE CHINA DESTROY CCP wrote:
<quoted text>
Yes, it is almost ONE PERCENT of the global market now.
Wow!
EIGHT CURRENCIES, including the MEXICAN PESO, are more important to world trade than the Chinese Communist Party's useless Banana Republic RMB Playmoney!
"Irrelevant" in the real world, but due to take over any second in the CCP China fantasy world of propaganda lies!
FUNNY!
Irrelevant, for now. And whatever percentage doesn't matter. What matter is that China is catching up very fast.

The matter is that China started to ALLOW her currency to be used in international transactions late and very late.

China released her currency to be used only after middle of 2009, only about 4 years.

But if trading internationally in RMB increases LINEALLY it will catch up with the Mexican peso in a year and catch up with the US$ in ten years.

If the trading increases EXPONENTIALLY it will catch up with the US$ in LESS than three years.

As international currency reverses China is gaining ground fast. The Chilean Central Bank reported to have almost a hundred million US$ worth of Renminbi in their reverses. Venezuelan Central Bank is moving all her foreign currency in favor of the Renminbi and is withdrawing from the EU and US.

HSBC expects the RMB to become the third major reserve currency soon.

It is no funny matter as you think. China enter into the race late and you are using old data to bash China which is not wise for you to do.
CCP a DEAD END for CHINA

Port Moody, Canada

#80 Sep 26, 2013
Yes, the RMB Playmoney is almost ONE PERCENT of the global market now, and all you have in light of that FACT is to spew propaganda fantasies about how it "will catch up with the USD in three years".

But clearly you are a CCP fool, and China would be LUCKY to reach the level of MEXICO or CANADA in three years!

Wow!

EIGHT CURRENCIES, including the MEXICAN PESO, are more important to world trade than the Chinese Communist Party's useless Banana Republic RMB Playmoney!

"Irrelevant" in the real world, but always due to take over any second in the CCP China fantasy world of propaganda lies!

FUNNY!

But it is NOT FUNNY how badly the Chinese people are being deceived by the CCP liars.....
McQuan

Montréal, Canada

#81 Sep 26, 2013
New China wrote:
<quoted text>
eh?
what's up?
a u abusing anyone? or your computer can not post it?
sometimes, my signal can not access to it.
Computer network also has a God or Demon like rivers and mountains. Maybe you have to give the computer God something to eat like mooncakes. If you can make the computer God happy you will not have any problem with signals or network.

Since: Nov 10

Zhengzhou, China

#82 Sep 26, 2013
McQuan wrote:
<quoted text>
Computer network also has a God or Demon like rivers and mountains. Maybe you have to give the computer God something to eat like mooncakes. If you can make the computer God happy you will not have any problem with signals or network.
amen,
McQuan

Montréal, Canada

#83 Sep 26, 2013
New China wrote:
<quoted text>
amen,
If you need extra money, you can pray the money God. He will make miracles happen so money will be in your pocket.

https://www.google.ca/search...
CCP a DEAD END for CHINA

Surrey, Canada

#84 Sep 27, 2013
McQuan wrote:
<quoted text>
Computer network also has a God or Demon like rivers and mountains. Maybe you have to give the computer God something to eat like mooncakes. If you can make the computer God happy you will not have any problem with signals or network.
Don't forget the CENSORS in China under the CCP regime.....worse than "demons".

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