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China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

 
waht

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09/11/2012 06:22 PM
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China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, the U.S. dollar is the primary reserve currency of the world. Even though that status has been chipped away at in recent years, U.S. dollars still make up more than 60 percent of all foreign currency reserves in the world. Most international trade (including the buying and selling of oil) is conducted in U.S. dollars, and this gives the United States a tremendous economic advantage. Since so much trade is done in dollars, there is a constant demand for more dollars all over the globe from countries that need them for trading purposes. So the Federal Reserve is able to flood our financial system with dollars without it causing a tremendous amount of inflation because the rest of the world ends up soaking up a lot of those dollars. But now that is changing. China and Russia have been spearheading a movement to shift away from using the U.S. dollar in international trade. At the moment, the shift is happening gradually, but at some point a tipping point will come (for example if Saudi Arabia were to declare that it will no longer take U.S. dollars for oil) and the entire global financial system is going to change. When that tipping point comes the global demand for U.S. dollars is going to absolutely plummet and nightmarish inflation will come to the United States. If such a scenario sounds far out to you, then you have not been paying attention. In fact, China and Russia have been working very hard to move us toward exactly such a scenario.

China and Russia are not the "buddies" of the United States. The truth is that they are both ruthless competitors of the United States and leaders from both nations have been calling for a new global currency for years.

They don't like that the United States has a built-in advantage of having the reserve currency of the world, and over the past several years both countries have been busy making international agreements that seek to chip away at that advantage.

start conducting an increasing amount of trade with each other in their own currencies...

[link to investmentwatchblog.com]

Last Edited by waht on 09/11/2012 06:22 PM
Anonymous Coward
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09/11/2012 06:27 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
i don't think the FEDS needs any outside help to destroy the dollars....
Stu

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09/11/2012 06:34 PM

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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
germany snuggling up to china is big news

also germany has many trade agrreements with russia

its lights out for the euro then the dollar and germany will be the main instigator
_____________________________________
There is no use removing doubts one by one. If we clear one doubt another doubt will arise and there will be no end of doubts. But, if by seeking the doubter, the doubter is found to be really non-existent, then all doubts will cease. -- Ramana Maharshi


You have to keep breaking
your heart until it opens.

~ Rumi
Anonymous Coward
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09/11/2012 06:36 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Our government is doing a fine job destroying this country without having to blame someone else.
Anonymous Coward
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09/11/2012 06:37 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Our government is doing a fine job destroying this country without having to blame someone else.
 Quoting: Anonymous Coward 23612110


clappa
chris999

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09/11/2012 06:41 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
WW3 is basically unstopable at this point, yet some of my friends look at me like I am crazy when I tell them to prepare for it.


People sitting back and waiting for Fox News and MSNBC to tell them the news are going to be too late. It is best to prepare now before everything collapses.
I dont mean everything I say to be literal. I just like to throw around ideas, and play devil's advocate.

I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use.

-Galileo Galilei
Anonymous Coward
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09/11/2012 06:43 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
anyone who didnt already know this is stupid.
Anonymous Coward
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09/11/2012 06:43 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
anyone who didnt already know this is stupid.
Stu

User ID: 16666051
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09/11/2012 06:49 PM

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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
furthermore irans rejection of the dollar is not acceptable thus they will be attacked...all other reasons are noise and fluff

the dollars last stand will be in iran

this is what happened to libya and iraq

america loses reserve currency status it is fucked period and they know it

Last Edited by Stu on 09/11/2012 06:50 PM
_____________________________________
There is no use removing doubts one by one. If we clear one doubt another doubt will arise and there will be no end of doubts. But, if by seeking the doubter, the doubter is found to be really non-existent, then all doubts will cease. -- Ramana Maharshi


You have to keep breaking
your heart until it opens.

~ Rumi
Anonymous Coward
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09/11/2012 06:58 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Republic of China and HSCB are members banks the federal bank of NY. They have an office in NYC.
Russia is out of it and has not much to say. Their ruble is worthless and prone default. Get your facts straight
Anonymous Coward
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09/11/2012 07:55 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
We destroyed our own nation when we allowed the FEDs to remove us from the Gold Standard.
Printed paper money became toilet paper and not worth anything more than monopoly game play money.
Reelman

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09/11/2012 08:03 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
The mainstream media is completely controlled by the government and their minions, they can only report on what they are told to report.

Most americans are waking up to this via the internet, the only answer will be to restrict the Internet.
Fact are important, They should be presented first, opinions will vary.
Anonymous Coward
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09/11/2012 08:03 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
...YEA, now we can go back to making our own crap instead of importing it....
Anonymous Coward
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09/11/2012 08:17 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
germany snuggling up to china is big news

also germany has many trade agrreements with russia

its lights out for the euro then the dollar and germany will be the main instigator
 Quoting: Stu



No surprise. Germany has been fast becoming the dominant power in Europe for the last decade.

They will emerge the benefactor of any great financial crisis through default of their agreements/investments with China and Russia.

Watch raw earths too.

Germany conquered Europe the smart way this time around ;-)
Anonymous Coward
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09/11/2012 08:37 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
OP you don't know the half of it. And its good, they should be doing this,
Anonymous Coward
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09/11/2012 08:39 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
About fucking time.
Justalittlebad

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09/11/2012 08:42 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Let it explosion
Justalittlebad/more or less
Anonymous Coward
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09/11/2012 08:45 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
furthermore irans rejection of the dollar is not acceptable thus they will be attacked...all other reasons are noise and fluff

the dollars last stand will be in iran

this is what happened to libya and iraq

america loses reserve currency status it is fucked period and they know it
 Quoting: Stu


That right there !! ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Eagle # 1
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09/11/2012 08:55 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Voltaire said it best ... " The INTRINSIC value of FIAT currency IS ZERO. "

19232 Germany IS our example of just how far a country will go in printing FIAT/PAPER money. I HAVE 1923 postage stamps to mail a letter that cost 1,000,000 Marks !

Got food, grasshoppers ? Winter IS HERE !

Eagle
Anonymous Coward
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09/11/2012 08:56 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
bump For the Uneducated !
Anonymous Coward
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09/11/2012 08:56 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
you do realize the usa dollar is more than worthless
Anonymous Coward
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09/11/2012 09:04 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
In Oct. 2011 the G20 agreed to add some of the BRICS countries to the SDRs basket of currencies with the IMF. All BRICS countries have been buying gold like crazy. One of two things will happen:

The price of gold will be manipulated to nothing or the dollar will be devalued.

Let's see did Obama say we need to do some FDR experimentation in his DNC speech. FDR confiscated gold and devalued the dollar.

Buckle up and get ready for the ride. Learn how to cook on a pile of sticks while you have the leisure, sticks are cheaper than electricity or natural gas.

Minimize all contracts on phones, cable, etc., don't sign any new ones or create any new debt.
Anonymous Coward
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09/11/2012 09:06 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
...YEA, now we can go back to making our own crap instead of importing it....
 Quoting: Anonymous Coward 20022035


Guess that is how Mitt will put 12 million people to work. Wonder if it will be at China labor prices?
Anonymous Coward
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09/11/2012 09:08 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Financially I have a lot to lose but I don't give a fuck.........Bring this crooked shithole down!
Anonymous Coward
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09/11/2012 09:10 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
You'll know things are bad when the Israelis demand that we send them their welfare checks denominated in Russian rubles.
Anonymous Coward
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09/11/2012 09:10 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
We destroyed our own nation when we allowed the FEDs to remove us from the Gold Standard.
Printed paper money became toilet paper and not worth anything more than monopoly game play money.
 Quoting: Anonymous Coward 9231012


This^
Deej

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09/11/2012 09:26 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Our government is doing a fine job destroying this country without having to blame someone else.
 Quoting: Anonymous Coward 23612110


clappa
 Quoting: Anonymous Coward 23405281


I double that sentiment...

applause2 applause2
No matter what happens... just say "Thank You." - D W Fierce
Anonymous Coward
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09/11/2012 09:33 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Your precious dollars you greedy war mongers are going to lose more than that!

Patriots are going to bawling their eyes out rewwy soon...bwahwahwahwah!
Deej

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09/11/2012 09:35 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Our government is doing a fine job destroying this country without having to blame someone else.
 Quoting: Anonymous Coward 23612110


clappa
 Quoting: Anonymous Coward 23405281


WHAT'S HAPPENING TO ALL THE BEES????

doomface
No matter what happens... just say "Thank You." - D W Fierce
Anonymous Coward
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09/11/2012 09:36 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
Republic of China and HSCB are members banks the federal bank of NY. They have an office in NYC.
Russia is out of it and has not much to say. Their ruble is worthless and prone default. Get your facts straight
 Quoting: Anonymous Coward 21417186


HSBC is a British bank.
Capital Hell
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09/11/2012 09:42 PM
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Re: China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
i don't think the FEDS needs any outside help to destroy the dollars....
 Quoting: Anonymous Coward 12064276





Indeed

The biggest enemy America ever faces, in term of the stability of the American currency, is the American congress, the FED, and the White House

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