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The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap

 
Stu
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06/22/2012 12:39 PM

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The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
When the US Dollar is ultimately dethroned as the world's reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic "theories") nobody will have seen it coming. Well, nobody except for the following headlines: ""World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees."


rest>
[link to www.zerohedge.com]

Last Edited by Account Deleted by User on 06/22/2012 01:20 PM
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Brazil
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06/22/2012 12:42 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
pphtt
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06/22/2012 12:45 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
I'm stockpiling renminbi (yuans) in my basement.

The currency of the future!


5a
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06/22/2012 12:49 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
ana
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06/22/2012 01:09 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
dance
Anonymous Coward
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06/22/2012 01:19 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
And so it begins!

banana2
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06/22/2012 01:25 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
And how much money has the USA given/loaned these nations lately? Quick! Send Obama to apologize!gangup
Anonymous Coward
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06/22/2012 01:29 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
clappa
Paisley

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06/22/2012 01:36 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
good read :)
Anonymous Coward
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06/22/2012 01:44 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
I'm stockpiling renminbi (yuans) in my basement.

The currency of the future!


5a
 Quoting: Anonymous Coward 18401348


This is actually a smart move.
Anonymous Coward
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06/22/2012 03:08 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
I'm stockpiling renminbi (yuans) in my basement.

The currency of the future!


5a
 Quoting: Anonymous Coward 18401348


That's what I was thinking yesterday. China is scooping up all the gold and silver in the world, so it looks like when it all ends, the Chinese Currency will be the reserve curency backed by gold and silver.

I can't wait to belittle people when they lose it all, and ask them why they didn't put it all in gold or silver before it crashed?

The game is almost over
Anonymous Coward
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06/22/2012 04:31 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
dont forget , that you have to live through any transition and you have to trade at full value, and it's unlikely you will do either.
With nobody to ensure things are done fairly, it;s most likely that if you have a lot to trade, you will simply be dispensed with by someone with more heat and narcissism than you do.
Mo popop's gonna help you in thunderdome land
luke777

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06/22/2012 04:39 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
But What year will it happen? Will the dollar be dethroned this year?

Last Edited by luke777 on 06/22/2012 04:53 PM
luke777
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06/22/2012 04:40 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
When the US Dollar is ultimately dethroned as the world's reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic "theories") nobody will have seen it coming. Well, nobody except for the following headlines: ""World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees."


rest>
[link to www.zerohedge.com]
 Quoting: Stu


got gold and silver?
Corporal Klinger

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06/22/2012 04:44 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
I'm stockpiling renminbi (yuans) in my basement.

The currency of the future!


5a
 Quoting: Anonymous Coward 18401348

Surfers for Brazillian she-male porn can now pay in yuan.
tranny in a tin foil hat
Anonymous Coward
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06/22/2012 04:45 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
When the US Dollar is ultimately dethroned as the world's reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic "theories") nobody will have seen it coming. Well, nobody except for the following headlines: ""World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees."


rest>
[link to www.zerohedge.com]
 Quoting: Stu


Al quada has officially allied with China and Brazil.

Terror terror terror.

We need to go to war with brazil now., they have WMD
Anonymous Coward
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06/22/2012 05:07 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
When the US Dollar is ultimately dethroned as the world's reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic "theories") nobody will have seen it coming. Well, nobody except for the following headlines: ""World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees."


rest>
[link to www.zerohedge.com]
 Quoting: Stu


i'm still buying silver..
Anonymous Coward
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06/22/2012 06:35 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
It's not a good thing. it will eventually impact us down the road eventually.
Eagle # 1
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06/22/2012 06:50 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
SMART THING IS TO TURN BULLION BARS, GOLD OR SILVER, (sorry didn't see caps on ) into 90% OLD silver coins, IF you can STILL get them.

What FOOL will go grocery shopping with an ounce of gold/bar of silver, when gold is $5000 an ounce and silver OVER $100 an ounce ? You WILL be followed home and/OR robbed on the way home. Will they offer worthless FIAT paper for change that is depreciation by the HOUR ? THINK ahead !

There IS a LIMITED amount of these coins AND they will be HARDER and harder to get, at HIGHER PRICES !

Eagle
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06/22/2012 06:51 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
bump
Anonymous Coward
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06/22/2012 07:22 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
SMART THING IS TO TURN BULLION BARS, GOLD OR SILVER, (sorry didn't see caps on ) into 90% OLD silver coins, IF you can STILL get them.

What FOOL will go grocery shopping with an ounce of gold/bar of silver, when gold is $5000 an ounce and silver OVER $100 an ounce ? You WILL be followed home and/OR robbed on the way home. Will they offer worthless FIAT paper for change that is depreciation by the HOUR ? THINK ahead !

There IS a LIMITED amount of these coins AND they will be HARDER and harder to get, at HIGHER PRICES !

Eagle
 Quoting: Eagle # 1 18252414


Nickels and pre 1982 pennies i think will came in handy also
Anonymous Coward
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06/22/2012 07:26 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
Trading one fiat for another fiat is beyond stupid. Anyone who thinks that the country controlling the reserve currency will not take extreme advantage of the ability to print it does not have a firm grip on reality. Taking advantage is the whole point of fiat in the first place. Just print it up.
Anonymous Coward
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06/22/2012 07:26 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
Hey Eagle,

We've followed (and supported) each other on threads in the past regarding Silver.

I for one am worried about what happens if Silver goes to $100-$1000/oz. or Gold even higher.

Local coin shops will NOT have enough cash on hand to cover all of the transactions. People with silver, big and small, will be lined up at the door every place and calling in to lock a price will be impossible in days where money is fluctuating up and down.

Food, gas and other necessities will be SO much more important that if you didn't stock up already, Gold and Silver will not save your ass.

People are nervous with a sick sense of excitement of what's yet to come, but in all honesty, it's going to be a bloodbath. :(
Anonymous Coward
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06/22/2012 08:47 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
This is amazing!
luke777

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06/22/2012 09:00 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
So will the dollar collapse this year?
luke777
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06/23/2012 11:43 AM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
After reading that another GLP'er is investing his fiat in re nimbi I have to agree that only one currency can prevail as the leading currency - and as of right now that's the USD - and we all know how that will end. So regardless of any bloodbath over commodities, a currency will have to be liquidated into the general populace - that being the leading nation (CHINA) It has to be the re nimbi. Start buying Re nimbi at your domestic FX stores. What good is a fiat at war with itself anyways? The U.S. has to pay it's dues like any debtor or prisoner that has committed a crime.
Anonymous Coward
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06/23/2012 09:34 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
I'm stockpiling renminbi (yuans) in my basement.

The currency of the future!


5a
 Quoting: Anonymous Coward 18401348


You do not know how true that is...
Anonymous Coward
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06/23/2012 09:37 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
All the freebies will soon becoming to an end as the dollar collapses....
Chris in Canada
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06/24/2012 12:06 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
Do you think the people's bank of china lowered the reference rate so that they can continue to by Renminbi to offset their loss of the giant T bond dump?
Anonymous Coward
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06/24/2012 12:28 PM
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Re: The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
You are all wrong. In a currency war, the debtor nation is always in the stronger position, it is just a matter of how they take advantage of this. Germany used this economic reality to start WWII and very nearly conquered all of Europe.

To quote Donald Trump

If you owe the bank 40,000, the bank owns you. If you owe the bank 40 million, you own the bank.

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