Thread: Nigeria Shifting Currency reserves from dollars to chinese yuan

Nigeria shifting currency reserves from dollars to Chinese yuan
http://www.csmonitor.com/World/Afric...o-Chinese-yuan

After Nigeria, Brazil may be next to diversify into yuan
http://www.csmonitor.com/World/Afric...o-Chinese-yuan

Mark my words. Nigeria will soon become a "terrorist safe haven" or "hostile towards the U.S." Just as all the other BRIC countries are considered our enemies to an extent.

This is also further proof that the dollar is losing respect on the global stage, and as with all empires, once their currencies lose /respect/value so falls the empire. If anyone thinks times are any different than from anything they've read in history books as far as this is issue is concerned then they're seriously retarded.

Now, the yuan by it's very fiat nature is a flawed currency, but it's no where near as flawed as the dollar. The dollar is literally a currency that's fundamentals allow it to collapse any day now. I mean I wouldn't be surprised if out of the blue, the dollar lost like 10% of it's value TODAY. That's how messed up it is.

The yuan is seen as a safer economy in some peoples eyes as the Chinese have an emerging middle class than should in time be able to sustain its own economy.......much like the US did after WW2 and emerged to be the most powerful economy in the world.

We're going to see this more and more. The value of the dollar is going to be 0 at some point. It's all a matter of when.

The Fed has no choice but to devalue the dollar.

When not if.

Cheers

I remember when the dolar was almost 4 times more than Brazilian "Real". Now is around 1,5 and it's going lower!

Fvck Nigeria! I mean that in the nicest way possible it's one of those places that no one miss if it was wiped off the face of the earth.

As far as the yuan shift it's bound to happen the US dollar is failing the Euro will be right behind it.

Seriously, we knew this was coming...besides, China is doing a TON of investment and infrastructure building in Africa.

the 7th largest producer of oil in the world and the United States 5th largest supplier wont be missed if its wiped off the face of the earth?

lol.. i knew someone was bound to say something asinine

Originally Posted by DINOONE

Fvck Nigeria! I mean that in the nicest way possible it's one of those places that no one miss if it was wiped off the face of the earth.

As far as the yuan shift it's bound to happen the US dollar is failing the Euro will be right behind it.

Originally Posted by DINOONE

As far as the yuan shift it's bound to happen the US dollar is failing the Euro will be right behind it.

The Euro is already failing lol

When you been kidnapped for 5 days and left naked on the side of the road your tone will change........ PS US has more oil reserves than Iraq and Iran combined genius.......

Originally Posted by chidoks

the 7th largest producer of oil in the world and the United States 5th largest supplier wont be missed if its wiped off the face of the earth?

lol.. i knew someone was bound to say something asinine