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Something is up!!! Repudiation of the dollar!!! Its started!!

 
Anonymous Coward
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02/16/2013 09:05 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Dont worry folks " Brian Willaims" said were good. slaphim
 Quoting: GT500



If you and Max would learn to spell correctly, maybe we would take you more seriously....
 Quoting: Anonymous Coward 34547429


Sorry do I need to put "eh" or "ya der hey" in front of everything I say, so you can understand? eh?
 Quoting: MaxMad


Canadians dont speak that way...lol....obviously you watch too many movies....faggot....
 Quoting: Anonymous Coward 34547429



Relax Canada! Kick off your heels and crack a beer and chill out! dasbier
MaxMad (OP)

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02/16/2013 09:06 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Near me upstate NY $3.99, up .36c withing 2 weeks!
 Quoting: Anonymous Coward 16185513


We are up 52 cents in 2 weeks.. 3.56 to 4.08!
Anonymous Coward
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02/16/2013 09:06 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
wait till gas is 7.29 a gallon then you will have A interesting conversation to talk about with the "" SHEEPLE ""





lmaolmaolmaolmaolmao








......... and its going to a wild ride in the currency markets real soon hidinghidinghidinghiding

get ready

alonegaspalone
Anonymous Coward
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Near me upstate NY $3.99, up .36c withing 2 weeks!
 Quoting: Anonymous Coward 16185513


Opps... should be within
Anonymous Coward
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02/16/2013 09:07 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
...



If you and Max would learn to spell correctly, maybe we would take you more seriously....
 Quoting: Anonymous Coward 34547429


Sorry do I need to put "eh" or "ya der hey" in front of everything I say, so you can understand? eh?
 Quoting: MaxMad


Dont mess with the road worrior! Hill kick ya ass!!!! ohyeah
 Quoting: GT500



I think its more likely he would try to suck my cock dry if I lived near his fucken trailer or I waved a bag of Doritos and a bottle of coke in front of him....
 Quoting: Anonymous Coward 34547429


You are a sad strange little man............. Another computer tough guy!
MaxMad (OP)

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02/16/2013 09:07 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
wait till gas is 7.29 a gallon then you will have A interesting conversation to talk about with the "" SHEEPLE ""





lmaolmaolmaolmaolmao








......... and its going to a wild ride in the currency markets real soon hidinghidinghidinghiding

get ready

alonegaspalone
 Quoting: Anonymous Coward 4197163


We will be there in no time... I fear
Anonymous Coward
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02/16/2013 09:08 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
The Arabs at OPEC know how to play us perfectly. Raise gas prices till we complain so much we threaten with the use of alternative fuels. Hell they wait till we introduce legislation and drop it back down to the point of little complaint which was higher then the last point of no complaint but everyone is thankful it's not 4.65 again and we settle down, forget all about alternative fuels and national security and go back to sheeping like good sheep do.
That's the trick, take us to the brink of pissed, leave it there, drop it back but not all the way repeat process
GFX guy

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02/16/2013 09:08 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
FED prints to keep the price down...
 Quoting: MaxMad


still doesn't make sense. ok say if the world has 1000 dollar and one oz gold total. now they just printed another 1000 dollar into circulation, shouldn't gold now worth 2000? gasp
 Quoting: Anonymous Coward 14443159


Your thinking is pretty good, and in theory should be correct... However keep in mind gold is traded in virtually every currency. Additionally, the Fed plays games when reporting how much money they print... M1, M2 and M3 are not true readings on money being printed.
 Quoting: MaxMad


"When You Have Fiat Currency, What Level Of Value Is Real", Santelli Asks
The rise in energy prices; the surge in food prices; and the march higher in nominal stock market indices - all symptoms of one thing - central bank (or government) policy; and CNBC's Rick Santelli is calling them to task for their two-faced ignorance. "What is the difference between outright currency manipulation versus the collateral damage to one's currency based on central bank programs?" he rhetorically asks, "in my mind, very little, but obviously, in the minds of many leaders of G-7 developed economies, there's a huge distinction."

See the video here: [link to www.zerohedge.com]
Anonymous Coward
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02/16/2013 09:08 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Good night folks! 500 is out! Great thread max! Nice job GLP!
Anonymous Coward
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02/16/2013 09:11 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
In Canada right now, I am paying $1.16/per litre....

1 gallon is equal to approximately $3.79 litres.....
Anonymous Coward
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02/16/2013 09:11 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
All the guru,s say when medals crash look out? Uh? That happened yesterday!bump
 Quoting: GT500


you would think when dollar crash the medals will go up? gasp
 Quoting: Anonymous Coward 14443159



Me too! That confuses me to! Gold should keep rising as the dollor drops? Anyone care to explain in redneck terms?
 Quoting: GT500


You have to study monetary policy alittle to understand why.

here is a little bit:

Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with "leverage" it's ability to be a store of value has less conviction and faith. The "only" value that a fiat paper currency can retain "is" that conviction and faith.

So, let's look at the reason all faith will be lost in that currency at some point in the future. Since the creation of the FED in 1913 the currency (Dollar) value has been controlled through inflation/deflation. In 1944 the U.S. Dollar through the Bretton Woods agreement was granted “exclusive reserve currency status”.(that status meant that any country wanting to buy oil, food or commodities would have to buy dollars “first” and then they could go into the world market to make their purchase “on” the world market (with those reserve currency notes) also it meant that "If" any country lost faith or trust (through debasement or any other reason) in that currency they could go to "any" central bank in the world and trade that paper currency for physical Gold of equal value.
(Good as Gold) In 1971 Nixon suspended Brenton Woods and took us off the Gold Standard telling other nations that they could not "now" exchange the dollar for Gold as previously promised.

Here is the key to it's downfall:

The U.S. dollar (debt) from 1971 through around 1995 was able to be removed from a balance sheet with little implication through tax levy accounting techniques claiming (debt) as a loss and could be written off and that was the end of it.

Here (around 1995) comes Blythe Masters from JP morgan and she creates what is called a "Credit Default Swap" This is essentially an insurance policy on a default to pay back a debt or loan. So, lets say for shins and giggles Greece is lent 1 trillion dollars by another country. They promise to pay that money back at a set interest rate over time. The CDS (Credit Default Swap) enables financial institutions to purchase a put (Default insurance or a bet against the underlying asset (loaned debt) never being paid back). This would be OK if only "ONE PUT" was taken out against the chance of that debt not being paid back. The problem "of the whole planet situation right now" is that this debt can be "leveraged" by 100 "PUTS" or in laymens terms (for each dollar that was lent to Greece there are $100 betting against "each" one of the dollars lent, that it will default and not be paid back) So, now you have 100 Trillion Dollars leveraged against the default of a 1 Trillion dollar loan. So, now Greece cannot payback the loan (debt) triggering the CDS and now everyone that bought a "PUT" want's to get paid on their bet. The next problem is that those financial institutions that sold those "PUTS" are only required to have a 6% reserve (Money held in escrow to pay claims)(The money to honor or pay the leveraged debt claims does not exist "YET") So, in reality those institutions only have .06 cents per dollar to pay those claims and not the “whole” dollar "required or needed" to pay those claims.

As we transition into hyperinflation like the OP is talking about everyone will try to find a medium of exchange before the guy next to him as the price and scarcity of that element increases; to store their generational wealth in.
(They dont want printed paper anymore). Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, something that is familiar, is portable, is accepted all over the world through all language barriers.

There is only (1) one of element that meet this criteria.

If you have any direct questions just ask, as there are alot of smart people here on GLPbanana2
El Tiburon

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02/16/2013 09:13 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Changing from winter to summer blends. Always goes up during this process.
 Quoting: Anonymous Coward 11312444


Stupid Shill is Stupid
Anonymous Coward
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02/16/2013 09:14 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
All the guru,s say when medals crash look out? Uh? That happened yesterday!bump
 Quoting: GT500


you would think when dollar crash the medals will go up? gasp
 Quoting: Anonymous Coward 14443159



Me too! That confuses me to! Gold should keep rising as the dollor drops? Anyone care to explain in redneck terms?
 Quoting: GT500


The basis is the spread between the future's price and the spot price of gold. For the past 40 years or so it was always positive, meaning the nearest future's contract was a higher price than current spot. It has to be higher to cover the storage cost of gold. But since we left the international gold standard, the basis has been steadily declining.

Now the basis is zero and going negative that means it costs to store the gold for the warehouses, and it also means people would rather hold onto their gold than sell or lease to a warehouse to be held as collateral for a future's contract.

It means that if you had a thousand gold bars you could sell them immediately, buy a future's contract for the same amount of gold and make instant money. But guess what? People are not selling their gold. Because, they do not trust the warehousing or the future's markets. They would rather hold on to their gold now than get a risk free profit. It is completely contrary thinking to modern finance, and something the market's cannot grasp but it is real nonetheless.

As they issue more paper claims (futures for gold that does not exist or naked shorting) it will serve to drive down the future's price as that gold can only be obtained in the future. Their own mechanism to suppress the price of gold is destroying all credibility they once had and eventually no amount of money they offer will bring the basis positive again.

Even though paper instruments have ruled the markets for 40 years, gold is still the foundation of money as money. Look at all financial calculations to determine a future value of any bill of credit. It assumes that the standard unit of account is a constant value. Gold was constant, so that assumption was valid. But fiat currencies can never be a constant value as they are manufactured by banks and governments all the time. As the debt burden increases they need more debt to pay off past principle and interest. There is no way to liquidate or pay off that debt. It is a spiraling black hole into oblivion.

People with large enough quantities (mines, billonaires, etc) will not part with their gold for leasing or for the future's markets because the current price is always higher that the future's price.

The spot price of gold can go down or go up, it doesn't matter. What matters is the price difference between the spot price and the nearest future's price.

.
MaxMad (OP)

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02/16/2013 09:15 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
All the guru,s say when medals crash look out? Uh? That happened yesterday!bump
 Quoting: GT500


you would think when dollar crash the medals will go up? gasp
 Quoting: Anonymous Coward 14443159



Me too! That confuses me to! Gold should keep rising as the dollor drops? Anyone care to explain in redneck terms?
 Quoting: GT500


You have to study monetary policy alittle to understand why.

here is a little bit:

Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with "leverage" it's ability to be a store of value has less conviction and faith. The "only" value that a fiat paper currency can retain "is" that conviction and faith.

So, let's look at the reason all faith will be lost in that currency at some point in the future. Since the creation of the FED in 1913 the currency (Dollar) value has been controlled through inflation/deflation. In 1944 the U.S. Dollar through the Bretton Woods agreement was granted “exclusive reserve currency status”.(that status meant that any country wanting to buy oil, food or commodities would have to buy dollars “first” and then they could go into the world market to make their purchase “on” the world market (with those reserve currency notes) also it meant that "If" any country lost faith or trust (through debasement or any other reason) in that currency they could go to "any" central bank in the world and trade that paper currency for physical Gold of equal value.
(Good as Gold) In 1971 Nixon suspended Brenton Woods and took us off the Gold Standard telling other nations that they could not "now" exchange the dollar for Gold as previously promised.

Here is the key to it's downfall:

The U.S. dollar (debt) from 1971 through around 1995 was able to be removed from a balance sheet with little implication through tax levy accounting techniques claiming (debt) as a loss and could be written off and that was the end of it.

Here (around 1995) comes Blythe Masters from JP morgan and she creates what is called a "Credit Default Swap" This is essentially an insurance policy on a default to pay back a debt or loan. So, lets say for shins and giggles Greece is lent 1 trillion dollars by another country. They promise to pay that money back at a set interest rate over time. The CDS (Credit Default Swap) enables financial institutions to purchase a put (Default insurance or a bet against the underlying asset (loaned debt) never being paid back). This would be OK if only "ONE PUT" was taken out against the chance of that debt not being paid back. The problem "of the whole planet situation right now" is that this debt can be "leveraged" by 100 "PUTS" or in laymens terms (for each dollar that was lent to Greece there are $100 betting against "each" one of the dollars lent, that it will default and not be paid back) So, now you have 100 Trillion Dollars leveraged against the default of a 1 Trillion dollar loan. So, now Greece cannot payback the loan (debt) triggering the CDS and now everyone that bought a "PUT" want's to get paid on their bet. The next problem is that those financial institutions that sold those "PUTS" are only required to have a 6% reserve (Money held in escrow to pay claims)(The money to honor or pay the leveraged debt claims does not exist "YET") So, in reality those institutions only have .06 cents per dollar to pay those claims and not the “whole” dollar "required or needed" to pay those claims.

As we transition into hyperinflation like the OP is talking about everyone will try to find a medium of exchange before the guy next to him as the price and scarcity of that element increases; to store their generational wealth in.
(They dont want printed paper anymore). Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, something that is familiar, is portable, is accepted all over the world through all language barriers.

There is only (1) one of element that meet this criteria.

If you have any direct questions just ask, as there are alot of smart people here on GLPbanana2
 Quoting: Anonymous Coward 33034699


True... We dont know when the "official" repudiation of the dollar will happen, but it feels like it may be real soon... Remember, OPEC and especially Saudi Arabia is sitting on alot of dollars and TBills.... They are scratching their heads right now-trying to fiqure out what to do... Do they side with China (which they just started a refinery in Saudia Arabia for China)...
Anonymous Coward
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02/16/2013 09:15 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Hats off to Spain for raising hell all the time! Here in Amerika we just bend over! We wont even talk to each other let alone raise some hell!!! Im Mad as Hell!!!! And Im not gonna take it anymore!!!!!!yoda
 Quoting: GT500


in spain many aren't working here the few of us that are are working long hours to support the ones that aren't. where the time to bitch?
Anonymous Coward
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02/16/2013 09:20 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
...


you would think when dollar crash the medals will go up? gasp
 Quoting: Anonymous Coward 14443159



Me too! That confuses me to! Gold should keep rising as the dollor drops? Anyone care to explain in redneck terms?
 Quoting: GT500


FED prints to keep the price down...
 Quoting: MaxMad



Yes but printing is what drove it up correct? Now its tanking? But as someone said above ? Thats the paper price wich is now back to 1600 bucks!
 Quoting: GT500


When you here a price for, let's say, Silver.....at 30.....this is a totally manipulated market and has no basis in realty. You might suffer only if you are forced into selling real silver at this low price becuase of your personal situation.


There is the paper market.......which in essence is just trading paper back and forth......and totally manipulated.

Then you have the real inherent value.....something quite different.


The elites have a history of creating bubbles and then busting them........and then scooping up real assets at bargain basement prices.


They are trying to accumulate as much of the real metals as possible at these low manipulated prices. Once they feel that they have scooped up as much real as possible......they will crash the whole world fiat money system.

The exchanges will probably then no longer even be open.....so prices that you are familiar with will no longer exist.

This will leave barter during the Crisis.......and then later a real price established versus new currency units.


You probably have about 90% of dollars assets as "computer assets" all around the world. When these all get liquidated at once......BANG.


With a currency collapse........prices could very quickly go up 10-fold in a short amount of time. It will not be a steady inflation over a long period of time......as we are used to.....but rather......a sudden surge in prices......causing chaos.


In general....Gold stays rather steady over time in terms of inherent value. It is the paper fiat that changes.


In 1934.......2/3 oz. of Gold would pay for one month's rent......which is similar to what it will buy right now.
GFX guy

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02/16/2013 09:20 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
All the guru,s say when medals crash look out? Uh? That happened yesterday!bump
 Quoting: GT500


you would think when dollar crash the medals will go up? gasp
 Quoting: Anonymous Coward 14443159



Me too! That confuses me to! Gold should keep rising as the dollor drops? Anyone care to explain in redneck terms?
 Quoting: GT500


The basis is the spread between the future's price and the spot price of gold. For the past 40 years or so it was always positive, meaning the nearest future's contract was a higher price than current spot. It has to be higher to cover the storage cost of gold. But since we left the international gold standard, the basis has been steadily declining.

Now the basis is zero and going negative that means it costs to store the gold for the warehouses, and it also means people would rather hold onto their gold than sell or lease to a warehouse to be held as collateral for a future's contract.

It means that if you had a thousand gold bars you could sell them immediately, buy a future's contract for the same amount of gold and make instant money. But guess what? People are not selling their gold. Because, they do not trust the warehousing or the future's markets. They would rather hold on to their gold now than get a risk free profit. It is completely contrary thinking to modern finance, and something the market's cannot grasp but it is real nonetheless.

As they issue more paper claims (futures for gold that does not exist or naked shorting) it will serve to drive down the future's price as that gold can only be obtained in the future. Their own mechanism to suppress the price of gold is destroying all credibility they once had and eventually no amount of money they offer will bring the basis positive again.

Even though paper instruments have ruled the markets for 40 years, gold is still the foundation of money as money. Look at all financial calculations to determine a future value of any bill of credit. It assumes that the standard unit of account is a constant value. Gold was constant, so that assumption was valid. But fiat currencies can never be a constant value as they are manufactured by banks and governments all the time. As the debt burden increases they need more debt to pay off past principle and interest. There is no way to liquidate or pay off that debt. It is a spiraling black hole into oblivion.

People with large enough quantities (mines, billonaires, etc) will not part with their gold for leasing or for the future's markets because the current price is always higher that the future's price.

The spot price of gold can go down or go up, it doesn't matter. What matters is the price difference between the spot price and the nearest future's price.

.
 Quoting: Anonymous Coward 961432


I think what it really means is that nobody believes that they'll be able to take physical delivery from COMEX, et al. in the near future. "If you don't hold it, you don't own it"
Ontheverge

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02/16/2013 09:20 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
bump
MaxMad (OP)

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02/16/2013 09:25 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
I must be fair, I made the title Repudiation of the dollar??? It should have question marks because I am not sure if this is what is really happening... I fear it is but we may not know for sure for a few weeks...
TheAmericanCancerSoci​etySucks

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02/16/2013 09:25 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Gas and Diesel up big time and GOLD DOWN????gasp
 Quoting: eyestoseeearstohear


Thats because Gold is in direct competition with The Dollar.

Here is the hierarchy:

Dollar--->
<----------------OIL (Throttle for manipulating Gold/Dollar)
Gold --->
 Quoting: Anonymous Coward 33034699


Except for when gold and the dollar go in the same direction. The marketplace is sooooo manipulated that there is no calculus that works consistently like it should.

The retail price of gasoline looks to be the best measure of what is going on.
Author, inventor, disorganizer. Let's disorganize the American Cancer Society.
Anonymous Coward
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02/16/2013 09:25 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
The Arabs at OPEC know how to play us perfectly. Raise gas prices till we complain so much we threaten with the use of alternative fuels. Hell they wait till we introduce legislation and drop it back down to the point of little complaint which was higher then the last point of no complaint but everyone is thankful it's not 4.65 again and we settle down, forget all about alternative fuels and national security and go back to sheeping like good sheep do.
That's the trick, take us to the brink of pissed, leave it there, drop it back but not all the way repeat process
 Quoting: Anonymous Coward 34398220


Dude you have it all wrong. It's not the greeday Arabs, although they are greedy LOL! Its the loss of purchasing power of the dollar. When OPEC has an agreement with say the US they (the market manipulators) agree to keep it above a certain price and the OPEC'ers 1rof1 agree to only sell oil in dollars. Alot of these Arab countries have predicated their national budgets on $90.00 oil. If they keep printing dollars like toilet paper the Arabs want more dollars for their oil. You think the top Arabs want the masses mad at them for not proving public services ?

This saying may put it into perspective: created by me !

"They are printing more dollars today, and they will need more of them to buy that same barrel of oil as it was yesterday, tomorrow"
MaxMad (OP)

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02/16/2013 09:29 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
The Arabs at OPEC know how to play us perfectly. Raise gas prices till we complain so much we threaten with the use of alternative fuels. Hell they wait till we introduce legislation and drop it back down to the point of little complaint which was higher then the last point of no complaint but everyone is thankful it's not 4.65 again and we settle down, forget all about alternative fuels and national security and go back to sheeping like good sheep do.
That's the trick, take us to the brink of pissed, leave it there, drop it back but not all the way repeat process
 Quoting: Anonymous Coward 34398220


Dude you have it all wrong. It's not the greeday Arabs, although they are greedy LOL! Its the loss of purchasing power of the dollar. When OPEC has an agreement with say the US they (the market manipulators) agree to keep it above a certain price and the OPEC'ers 1rof1 agree to only sell oil in dollars. Alot of these Arab countries have predicated their national budgets on $90.00 oil. If they keep printing dollars like toilet paper the Arabs want more dollars for their oil. You think the top Arabs want the masses mad at them for not proving public services ?

This saying may put it into perspective: created by me !

"They are printing more dollars today, and they will need more of them to buy that same barrel of oil as it was yesterday, tomorrow"
 Quoting: Anonymous Coward 33034699


Yep... So OPEC has been at the mercy of the US Dollar (petrodollar). They have bought alot of TBills as well... They would destroy their economies overnight if they officially repudiated the dollar (in addition to potential military action). So they are between a rock and a hard place... they probably know the dollar is done and they need to team up with China, but they will hurt their economy switching over...
MaxMad (OP)

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02/16/2013 09:31 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Thread: Singapore to stop using dollar linked interbank lending rate

This is getting interesting..
MaxMad (OP)

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02/16/2013 09:32 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
 Quoting: MaxMad


Next step is to start trading in yuan...
GFX guy

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02/16/2013 09:33 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
The Arabs at OPEC know how to play us perfectly. Raise gas prices till we complain so much we threaten with the use of alternative fuels. Hell they wait till we introduce legislation and drop it back down to the point of little complaint which was higher then the last point of no complaint but everyone is thankful it's not 4.65 again and we settle down, forget all about alternative fuels and national security and go back to sheeping like good sheep do.
That's the trick, take us to the brink of pissed, leave it there, drop it back but not all the way repeat process
 Quoting: Anonymous Coward 34398220


Dude you have it all wrong. It's not the greeday Arabs, although they are greedy LOL! Its the loss of purchasing power of the dollar. When OPEC has an agreement with say the US they (the market manipulators) agree to keep it above a certain price and the OPEC'ers 1rof1 agree to only sell oil in dollars. Alot of these Arab countries have predicated their national budgets on $90.00 oil. If they keep printing dollars like toilet paper the Arabs want more dollars for their oil. You think the top Arabs want the masses mad at them for not proving public services ?

This saying may put it into perspective: created by me !

"They are printing more dollars today, and they will need more of them to buy that same barrel of oil as it was yesterday, tomorrow"
 Quoting: Anonymous Coward 33034699


Yep... So OPEC has been at the mercy of the US Dollar (petrodollar). They have bought alot of TBills as well... They would destroy their economies overnight if they officially repudiated the dollar (in addition to potential military action). So they are between a rock and a hard place... they probably know the dollar is done and they need to team up with China, but they will hurt their economy switching over...
 Quoting: MaxMad


Plus considering that their economies would be worse off if they did nothing.
Anonymous Coward
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02/16/2013 09:34 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
OP Moranovich, the price of gas lags the price of oil by about 2 weeks - refining and delivery time - which spiked up over the last 6 weeks. It is now headed down again.

If WTI goes below 90 in the next week, you'll see lower gas prices in spring before the artificial inflation they impose to bleed us dry.

This subject is complicated-er than you think.
ChipModerator
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02/16/2013 09:35 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Just paid 4.39 per gallon. damned
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every-citizen
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
 Quoting: MaxMad


Next step is to start trading in yuan...
 Quoting: MaxMad


Oh ya... That LIBOR scandal is just getting started isn't it..?
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02/16/2013 09:37 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
For those who have been paying attention to what is going on-this will come as no shock! Repudiation of the dollar has begun and is taking off! The way I know is that the price of gas is always the first indicator!! Gas has risen more than 60 cents in just the last 2 weeks! Here's the shock it has risen 14 cents in just the last couple of hours.... The looks like the dollar death is happening rapidly... I suspect it started in earnest when the Chinese announced OIl for Yuan!!! This may be it for the dollar!!
 Quoting: MaxMad


If it were caused by the devaluation of the dollar, all prices would climb at the same time. We are still in a contraction. Overall, wages are stagnant.
Dollar Deception: How Banks Secretly Create Money:

[link to www.webofdebt.com]

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MaxMad (OP)

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02/16/2013 09:37 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Just paid 4.39 per gallon. damned
 Quoting: Chip


How much is that up in a week, Chip?

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