WOW! France FIRST To Leave Euro....Death Of Petrodollar NEAR..."Dollar Kill Switch"

China is dumping dollars too!

Dollar dumping has been going for years now.

İ wonder what if petrodollars fail. Which one winner of the future gold € tl,¥,£,$

Just use gold, All other fiat paper system = manipulation / slavery

Wipe your butt with American dollars

[link to www.youtube.com]

Exactly.



What matters is when the dollar finally collapses.

That's what has me spooked!

SILVER is the BETTER choice over gold, unless your buying a caddy or land !

Already in use everywhere; only need to establish it's TRUE VALUE; i.e. NOT what the 'paper pirates' of Comex have driven it to/keep it at for the present.

Silver at $200 an ounce will be where it will be on it's way UP to $500 an ounce, as there is less now than gold, and MORE being removed to dumps of the world in tiny amounts in chips, wiring,etc. that is TOO little to salvage at present.

FIAT is FINISHER ! Just kicking it's LAST on the hangman's rope of paper, around the world !

GOT ANY GRASSHOPPERS ? There will be a 'blizzard' of fiat money SOON !

Eagle

+1

money systems should bind paper currency to gold/silver..
otherwise, economic manipulation could be abused

Interesting from this transcript:

“With the socialist Hollande taking over the reins of power, expect much larger deficit spending, higher bond yields, more strains on their economy, even the flight of capital, possibly bank runs. Then it will be obvious that France is the King of the PIGS.”

“The certain death knell for the USDollar will be the acceptance on non-US$ payment for Saudi crude oil.”

[link to goldsilver.com]

All falacy, dollar wont fall for decades probably....\

,,,,,,,,,,,,,,or will it?

"More than 60% of the foreign reserves of central banks and governments are in dollars" as reported by the Wall Street Journal. The U.S. dollar has been the world's reserve currency since the decline of England's pound in the early 20th century.

Economists predict that there are three major conditions that would need to come about for the dollar to be replaced as the world's reserve currency. One – the expansion of U.S. debt – has already begun to take shape. The U.S. debt has nearly tripled over the past decade. If the U.S. continues to let the dollar's value decline, our debts will be repaid with future dollars that are worth less, upsetting our lenders. Let me explain… Once we get around to paying back the debt, the value of each U.S. dollar we are paying back, will have less purchasing power compared to the dollar initially lent to us.

The other two conditions necessary to dethrone the greenback have yet to develop… One is that there is no viable alternative currency for the world to switch to. With the eurozone faltering and on the brink of economic collapse, there is less global competition. Many have predicted the pressure is actually being applied from China, whose yuan could rival the U.S. dollar.

A major factor that keeps China from challenging the U.S. dollar's reserve currency position is the sheer amount it has invested in America. The Chinese currently own $1.5 trillion of America's debt and that number is rising. If they started selling off their holdings to diversify their portfolio, they would be devaluing their own investment in U.S. Treasury bills, notes, and bonds.

The final condition that would need to aspire is an event that triggers a global panic. Ironically, the dollar is what the world flocks to during a crisis. The greenback is the most liquid and globally accepted form of currency because it has had a long-standing reputation of stability. This trust in the dollar has kept the panic induced fire sale of U.S. dollars at bay.

So what happens if the U.S. dollar is dropped as the world's reserve currency?

The Wall Street Journal used this example to explain our good fortune, "When a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. dollars, not pesos, with which to pay the Chilean exporter. The dollar is virtually the exclusive vehicle for foreign-exchange transactions between Chile and Korea, despite the fact that less than 20% of the merchandise trade of both countries is with the U.S." In the article, the author explains that "85% of foreign-exchange transactions world-wide are trades of other currencies for dollars."
Additionally, American companies have had the luxury of paying their workers at home and abroad in U.S. dollars. They pay not only their workers' wages, but also for imports, and collected on exports all without ever having to take a hit exchanging currency.

One of the many perks America enjoys as the world's reserve currency is that "reserve-currency status," makes it easier for the United States to run higher trade deficits with little economic impact, or even postponing a potential currency crisis. The government is free to borrow more because of our world reserve currency title. It is proving to be a double-edged sword. Not only has it kept our economy afloat through many hiccups in the past, it is also keeping us on a path that could lead to a second great depression.

Hope for the dollar lies in the global dependence on a stable currency it can trust. America has had currency fluctuations in the past. To date we have not defaulted on our debts but the U.S. greenback is living in a fragile "eco(nomic)-system."

Last Edited by No Dhimmi on 04/25/2012 03:23 PM

Use gold? haha What would the States Use? States has no gold... and from what I hear, haven't had any since 1938.

Had a dream some years back about France breaking out in chaos....America was next! For the record saw 911 and Katrina in dreams prior too. Just keep watch!!!

Gold is not the answer. Removing banks from power is. Let the governments handle it. It's the only way to rid the world of financial totalitarianism.

Benjamin Fulford 4-23-12…”Major confrontations in South China Sea as desperate cabal tries to steal Asian gold deposits”



Highlights

Reports from Philippino tribes-people and the White Dragon Society members indicate a major military stand-off is taking place in the South China Sea and the Philippines over control of historical gold deposits in the region.

The US warships are linked to a mysterious Hong Kong based individual by the name of “Rosenberg” (first name not known), the CIA sources say. Rosenberg is believed to be seeking physical gold to seize on behalf of the Nazi/Sabbatean cabalist owners of the Federal Reserve Board, these sources say.

This dispute is linked to the failed IMF and World Bank meetings that took place in Washington D.C. last week. It is also linked to an ongoing power struggle between the three factions in China, multiple sources say.

The US, or should we say, Nazi (national socialist Zionist) forces have been systematically searching bunkers and caves in the Philippines…
…this battle by the cabalists to steal gold is actually a sign of desperation…

This gold grab is seen by many as last minute looting by cabal members hoping they will still be able to control the world with gold even as their fiat financial rule collapses. That is not going to happen.

This brings us to last week’s IMF and World Bank meetings in Washington. The Western propaganda media reports a “victory” by the IMF because it was able to get $430 billion worth of funding for Europe.

However, a look at the fine print reveals the BRICs nations have made their funding conditional on reform of IMF voting rights.

The European nations are willing to increase BRICs voting shares in the IMF but the US is blocking it… In any case, both the IMF and the World Bank are increasingly irrelevant.

…the White Dragon Society is proposing the creation of a Long Term Infrastructure for Everybody (LIFE) planning agency with initial funding of $800 trillion.

The current rules allow the Japanese to leverage their $8 trillion in hard foreign exchange assets 100 times, meaning 800 trillion dollars or over $100,000 each for every man woman and child on earth…

The cabalists, for their part, have been making a desperate push to ensure their survival.

[link to kauilapele.wordpress.com]

your a bunch of silly bastards really , this is all lanned by the world bankers ...

the doller is collasing , they are using america as a scae goat and the white man to fool the world into the mARK OF THE BEAST ..

aLL countries have been buying u gold iff you didnt notice , all countries will soon trade in precious metals amonst themselves ..

and the population will go under the mark , all electronically chipped in the right hand ...

how cant any off you assholes see this coming ... america is gona be sacrificed to allow the coming of the mark ... ffs

Nothing this asshole says ever comes true, your all retards

Yeah

That doesn't mean other people don't want to talk about it. I'm sorry, but you've earned yourself a Rodney.

Actually the spelling is "you're", and it's a very simple English word.

People are making way more out of this French election than there really is.

The socialist will not upset the apple cart that is the Euro. He may spend more on social programs but he will pay for it with new taxes on the rich, although it will still be harmful it is a slow death.

how much poop is left in the butt to dump, that is the question

We mine gold in Canada, yet if i want to buy gold certificates from a Canadian bank, I have to first change my Canadian dollars into US dollars. Then I have to exchange my funds back into Canadian after I sell the gold.

no wonder the banks love the concept of a reserve currency. They get commissions on a whole bunch of foreign exchange transactions that are totally unneccessary.

what does this all mean!?