The reaction will be to blame it on Bush... if it happens on O's watch anyway. Bush had his faults, but the blame game still going on is past getting stale.

I'm about to inherit a yet to be disclosed amount of money along with stocks and bonds.
Looks like I may have to wait until the turn of the year before I receive any of it.
I'm thinking it may all go poof in value just before it is handed over.
At least old dino still has his monthly retirement and SS payments.
Uh, not so fast says dino's brain.
That may all go poof also.
Why I've been watching videos on how to skin and cook squirrels.
I'm on the verge of buying a very quiet air rifle toward that purpose.

Imagine you are playing Monopoly. Things are going well, property is being bought, houses and hotels are gong up, all proceeding to the rules of the game. Then, one player makes a deal with the "banker" to "borrow" some extra money. And only this one player. The banker loans the player $10,000. What happens to prices? That player drives them up which the other players can't match. But that is not the real problem. The deal with the banker is that if the player "needs" more money, the previous debt will be extinguished and more money will be injected into the system to that one player. The other players, us, are screwed and sooner than later, the game comes to a crashing end. To paraphrase someone, "It is the money supply, stupid."

The problem with china is a simple one; they did not make any effort to build a domestic economy. The communists could only see monies flowing into their coffers from the west without regard for their own population which was used in a way like slaves. Here in the usa we had a domestic economy for over 100 years and we did not need to sell product over seas to live a good life. That selling over seas was a bonus. However our version of communists chose to increase their share of the private sectors pie so the response was for our private sector to go off shore. after 50 years of that activity our own built in economy has deteriorated with less and less production i.e. jobs. all of the fat cats on was street are probably having sleepless nights now. Today i read that Bass Pro has terminated 60 at corporate and at least 6 per store. why lack of sales. a few months ago they negotiated i believe a 2 + Billion dollar loan to be repaid by 2026 I think. this is what you call tip of the iceberg. the crash will happen.

Can you say, "Cyprus?"

Author starts by saying the central banks saved the world.
Propaganda BS.
If anything, the central banks are still managing the economy to bankrupt all their competition and any sovereign state that hasn't taken on enough debt from the central banksters. Trade may be the golden goose that the banksters are planning to decapitate next.

Just no substitute for hard currency.

I've listened to the video. I've read all the comments. I have been inundated with predictions both on TV and radio. The sky is falling! Er, sorry, the collapse is coming! The sum total seems to be that everyone and no one knows why, let alone when. The old saw:
Stand 10 economists in a circle and they'll all point in different directions. To quote that great sage Alfred E. Newman: "What, me worry?"

So, what is the difference between a Yuan and a remnimbi? Confusing.

From one of the comments:

"verse 56 of the Obama Impeachment song (as if sung by Obama to the tune of “Please release me, let me go”)

China’s Yuan is falling free
and tanking our economy.
My grand plan will come to be:
A racial uprising scenery."

http://www.marketminder.com/
for perspective...

ah, forget it....