tag:blogger.com,1999:blog-1185219031783989911.post501563179198229399..comments2023-12-23T02:16:43.463-08:00Comments on "Rational Preparedness" : The Blog: China Actively Seeking to Replace US Dollar as World Reserve CurrencyJaneofVirginiahttp://www.blogger.com/profile/15320442534060401465noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-1185219031783989911.post-61457615371884453322013-11-12T04:23:47.083-08:002013-11-12T04:23:47.083-08:00Sadly, that was the beginning. The work, the indus...Sadly, that was the beginning. The work, the industry which helped to make America great for almost everyone, was sold to other nations by our leaders. The high tech jobs which were to replace the manufacturing ones we "gave away" didn't materialize in the numbers in which we needed them.<br /> Thanks for your post.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-28620812054310137292013-11-11T17:34:00.503-08:002013-11-11T17:34:00.503-08:00I live in an area that lost many industries that m...I live in an area that lost many industries that manufacture cloth, and manufacture clothing. With Clinton's deals, all these industries are lost forever. Men who repaired the machines lost their living. Men in their 50s don't adapt well to losing their livelihood. <br />Besides the manufacture of fabric and sewing plants, there were satellite industries. There was a seconds store where many people found clothing at amazingly low prices from fabric made in the USA, made by Americans. There was a cutting room that sold scraps. Now, a cutting room is over 150 feet wide and that long. The bolts of fabrics are actually rolls, some 6 feet in diameter, moved by machinery. The fabric is cut using a vertical knife that slices through a foot of fabric rolled out on the table. When I bought scraps, pieces were often 10 yards or maybe 2 yards. I could make a sweat shirt for less than one dollar, plus they had the cuffs and collar bands for sale. I bought commercial machines and made money at home. No, I never sewed in a factory. So, you see, we lost on a grand scale and on the personal scale. <br /><br />One factory made clothing for Spiegel, so some of my clothing was of high quality fabric. All that is lost now. Walmart has fabric that is not made in the US. <br /><br />We lost the sock factories! That means no stores selling seconds of socks, no loops to make potholders!<br /><br />This area suffered but people are resourceful and resilient.Lindahttps://www.blogger.com/profile/14991571309786149363noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-53500169581668819922013-11-10T06:56:33.081-08:002013-11-10T06:56:33.081-08:00Sounds like a plan !Sounds like a plan !JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-48923106700040716702013-11-10T04:51:02.137-08:002013-11-10T04:51:02.137-08:00I have no debt except for a couple of small monthl...I have no debt except for a couple of small monthly bills and can and have lived without electricity and plumbing. Plenty of wild game here and it's easy to grow things to eat here. And all I have to take care of is myself, and the old lady next door, but she is low maintenance also.BBChttps://www.blogger.com/profile/15323188240580782454noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-21239785389150858862013-11-10T04:44:36.708-08:002013-11-10T04:44:36.708-08:00We still have a low amount of debt which is unsecu...We still have a low amount of debt which is unsecured. Still in a collapse, we need to be able to pay taxes, homeowner's insurance, food, electricity (if it's still on) maintain our place (make sure the well and septic are maintained and can keep working.), buy medications, and help our large family as is appropriate. We wouldn't have an easier time than most everyone else, because we are a great distance from anything, and because our animals still need to eat. My point is that even with low debt, it could be very difficult.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-71568388054448833652013-11-09T16:23:27.799-08:002013-11-09T16:23:27.799-08:00We need to continue to prepare, and get rid of our...We need to continue to prepare, and get rid of our debt before the SHTF or Westinghouse.Sandy Livesayhttps://www.blogger.com/profile/06183449816586125720noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-3146033940532357652013-11-09T15:28:15.956-08:002013-11-09T15:28:15.956-08:00The future does not look bright for the US. Howev...The future does not look bright for the US. However, a lot of the people I know have been living like paupers for a long time anyway, and they are getting good at it.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-78461272194398485822013-11-09T15:26:48.142-08:002013-11-09T15:26:48.142-08:00I hope it isn't replaced. BTW. US dollars fun...I hope it isn't replaced. BTW. US dollars function quite well in Russia also, although it is frequently and very well counterfeited.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-26504364803652044402013-11-09T15:25:45.559-08:002013-11-09T15:25:45.559-08:00Eek ! We have some subscribers from Florida, and ...Eek ! We have some subscribers from Florida, and they don't speak Chinese !JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-85981325116821374962013-11-09T14:48:29.406-08:002013-11-09T14:48:29.406-08:00They've been buying gold for years, and we'...They've been buying gold for years, and we've been selling it. What should we expect? The only thing that backs our money is the fuel value of the paper it's printed on. (Yes, I know it's more complicated than that, but that's a lot of it.)Gorges Smythehttps://www.blogger.com/profile/08777621500611603786noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-54823849108093478102013-11-09T13:53:03.318-08:002013-11-09T13:53:03.318-08:00Chinese funny money will not be replacing our mone...Chinese funny money will not be replacing our money anytime soon. The world loves our currency, drug lords love it, terrorists love it, black market arms dealers love it, all criminal elements love it, shucks, it's even good in the whorehouses in Amsterdam. <br /><br />There is much more of our paper currency (especially 100's) outside of this country than there is in it. Even Saddam had a large horde of it, and I'll bet there is a hell of a lot of it in China. BBChttps://www.blogger.com/profile/15323188240580782454noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-27103298532732871732013-11-09T12:52:49.129-08:002013-11-09T12:52:49.129-08:00Yes, I think you're right. This is what we hav...Yes, I think you're right. This is what we have been trying to do, but it's tough work. My husband has spent the entire day repairing and rebuilding chicken housing. It seems a lot to do for the number of organic eggs they give us.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-40278401481094944822013-11-09T12:51:26.960-08:002013-11-09T12:51:26.960-08:00Thanks for posting, Dani. I did not realize tha...Thanks for posting, Dani. I did not realize that South Africa also purchased goods in fairly large amounts from China. I know in Russia they do, but they prefer American goods when they can get them. The textile industry in the US also collapsed some time ago, which is a shame. It paid fairly well and a lot of women raised families alone on their salaries.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-68048674501915241802013-11-09T12:49:18.342-08:002013-11-09T12:49:18.342-08:00Of course, you have made many good points. I acce...Of course, you have made many good points. I accept that I will not be acquiring anything additional and that I will likely never retire. My fears now are that my children, will never have the opportunities than I had, and they are already saying that they don't plan to have children in such an economically unstable environment. I suppose I fear 18% interest rates, starvation, civil unrest, and the US being bounced right into a Third World nation. The US has squandered the post WWII advantages that it, at one time, had.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-4976051579756202452013-11-09T12:47:42.177-08:002013-11-09T12:47:42.177-08:00We should let them repossess Florida, it's goi...We should let them repossess Florida, it's going to be under water in the future anyway.BBChttps://www.blogger.com/profile/15323188240580782454noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-51801212165041104772013-11-09T08:02:17.919-08:002013-11-09T08:02:17.919-08:00Tell me why should I or any White Hetero Christian...Tell me why should I or any White Hetero Christian Male within the US even care at this point? What have the politicians done with the incredible advantage brought by having the dollar as the world reserve currency? Other than gadgets and gear they have used it to constantly attack the values I consider most important and place as many barriers in my way as possible.<br /><br />At this point a little reality sinking in would be a good thing. Our government, both the Repubs and the Femocrats have totally abused the economic power we managed to slide into and have become decoupled from the real world.<br /><br />Some claim China cannot afford to crash the dollar. I say crashing the dollar will in the end be cheaper for them than all out war. At this point there is more FIAT money in circulation than the entire world is actually worth so that money really has no value when you come right down to it.<br /><br />The natural balance will be restored one way or another.<br /><br />PioneerPreppyhttps://www.blogger.com/profile/09269878017447335944noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-77648958478155707412013-11-09T07:38:25.328-08:002013-11-09T07:38:25.328-08:00We also have a problem / surplus of sub-standard C...We also have a problem / surplus of sub-standard Chinese goods available here in South Africa. "Cheap" clothing imports from China caused the collapse of a thriving textile industry, to mention just one.<br /><br />Buying local, whenever possible, not only supports local manufacturers, but it is also an eco-friendlier option with less transport miles adding hidden "expense" to your purchase.Danihttps://www.blogger.com/profile/04020970904311512357noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-1739448119485063582013-11-09T07:21:27.299-08:002013-11-09T07:21:27.299-08:00Being more self-reliant will be the best insulatio...Being more self-reliant will be the best insulation against the Chinese.Khttps://www.blogger.com/profile/14188650874375595590noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-51852261404190652202013-11-09T06:19:29.070-08:002013-11-09T06:19:29.070-08:00I wish Virginia had passed through the assembly th...I wish Virginia had passed through the assembly the bill they voted on last year. They were going to mint their own silver and gold in anticipation of a collapse. Thanks for posting.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-20883866021363805752013-11-09T06:17:57.471-08:002013-11-09T06:17:57.471-08:00Thanks for contributing, Russell.Thanks for contributing, Russell.JaneofVirginiahttps://www.blogger.com/profile/15320442534060401465noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-61014467791666960592013-11-09T05:10:08.958-08:002013-11-09T05:10:08.958-08:00During President Clinton's presidency Japan wa...During President Clinton's presidency Japan was still the big object of worry. Under U.S. protectionist pressure a deal was signed which reduced the strength of the U.S. dollar. Thus the last great manufacturing boom which was only slightly negated by NAFTA.<br /><br />The Chinese can do nothing with their dollars except protect their own currency from a collapse, and sit on them.<br /><br />The Germans are in the same problem with Greece except they use the same currency.<br /><br />To simplify, the Chinese (and Germans) sell their goods by lending the purchaser money. They do this mostly in the form of weakening their currency and holding onto the excess cash generated. If they float the cash their own currency will get stronger and their export economy will crash.<br /><br />We should laugh all the way to the bank if the Chinese try to go off the dollar standard.russell1200https://www.blogger.com/profile/16258915475311426433noreply@blogger.comtag:blogger.com,1999:blog-1185219031783989911.post-21125264519726656772013-11-09T04:44:28.537-08:002013-11-09T04:44:28.537-08:00I wonder if Walmart and Tractor Supply and the oth...I wonder if Walmart and Tractor Supply and the other China marts will just start accepting Yuan since the dollars end up in China anyway. This could save a lot of trouble for them and streamline their organization. IF the Yuan would hold it's value better than the Dollar, I would accept them since the dollar is about to get inflated beyond belief, we will all be millionaires!Sunnybrook Farmhttps://www.blogger.com/profile/18135224259672444423noreply@blogger.com