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BRICS is dumping the Euro! Doom on!

 
MuzzleBreak

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04/01/2013 04:52 PM
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Re: BRICS is dumping the Euro! Doom on!
All that printing of dollars, and missing trillions from the Pentagon--maybe the Dollar is just gonna replace the Euro.
In his book, "Between Two Ages," Brzezinski wrote: "The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values."

MuzzleBreak
insertfunnyusername

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04/01/2013 04:58 PM
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Re: BRICS is dumping the Euro! Doom on!
So it continues...

I sense some good ol' European austerity..

damned
Anonymous Coward
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04/01/2013 05:03 PM
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Re: BRICS is dumping the Euro! Doom on!
basically, DO NOT wait to hear about the shtf on mainstream media news. the first you will hear through these outlets, as in the case of cyprus, is that your account is FROZEN, and there are capitol controls in place. act accordingly.
Anonymous Coward
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04/01/2013 05:05 PM
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Re: BRICS is dumping the Euro! Doom on!
The euro is absurdly priced to the dollar at $.128-$1.30.

Should be at par or $.80 where is was a few years back.

The same financial powers control the euro, the dollar & the pound.


We've all heard 'planned financial collapse,' but then why are TPTB doing everything they can to save the system? Probably because they know the system cannot be propped up and are trading worthless fiat currencies for hard assets.


Nevertheless, these BRIICS are far too under-developed in financial institutions and other financial markets for any reasonable consideration as viable alternatives.

As another had mentioned, Special Drawing Rights based on a weighted average of relative GDPs and commodity prices is a more realistic approach. The post WWII dollar hegemony needs a new paradigm, the resistance being the US military industrial complex and the World Bank.
Hard Eight

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04/01/2013 05:10 PM
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Re: BRICS is dumping the Euro! Doom on!
If the dollar becomes worthless,how are the corporate lobbyests going to pay off and bribe the politicians?
 Quoting: Anonymous Coward 17969123


Guns & ammo? Food & liquor? Wine & women? Non-FEMA housing?
Texas has yet to learn submission to any oppression, come from what source it may.
Sam Houston

"The beauty of the Second Amendment is that it will not be needed until they try to take it."
Thomas Jefferson
Anonymous Coward
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04/01/2013 05:25 PM
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Re: BRICS is dumping the Euro! Doom on!
When the derivatives bubble pops there won't be any currencies left standing.
Anonymous Coward
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04/01/2013 05:32 PM
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Re: BRICS is dumping the Euro! Doom on!
Listen to Jim Willie.
[link to www.tfmetalsreport.com]
Anonymous Coward
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04/01/2013 05:49 PM
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Re: BRICS is dumping the Euro! Doom on!
It's quite easy.

When the SHTF, the dollar goes to the moon, because everyone will be struggling to get dollars to liquidate.

Eventually, the card house falls down, and it will take the dollar with it, but until then...

The rumours of the death of the dollar is exagerated. Still one of the best currencies around.
Anonymous Coward
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04/01/2013 05:49 PM
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Re: BRICS is dumping the Euro! Doom on!
[link to rt.com]

Put a fork in them, their done! This adds up with moves in Korea. Their is a major shift in the power structure. The US is not the power it was back then. And the other powers know it. Exploitation at its finest. Hunker down, it's going to be a long ride.
 Quoting: Anonymous Coward 37243858


Euro goes down first, then 2 weeks later the dollar is dead!!
 Quoting: MaxMad


Thanks Lyndsey Williams.cool2
The Right Policy

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04/01/2013 06:16 PM

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Re: BRICS is dumping the Euro! Doom on!
[link to rt.com]

Put a fork in them, their done! This adds up with moves in Korea. Their is a major shift in the power structure. The US is not the power it was back then. And the other powers know it. Exploitation at its finest. Hunker down, it's going to be a long ride.
 Quoting: Anonymous Coward 37243858


September 28, 2015 is when it all falls down. Even 0bama's AP and other state controlled media won't be able to lie and obscure out of that one. Buy Gold.
The Right Policy is Always Conservative

"The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools, such as those who made him their President." - Vaclav Klaus
MaxMad

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04/01/2013 06:17 PM

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Re: BRICS is dumping the Euro! Doom on!
[link to rt.com]

Put a fork in them, their done! This adds up with moves in Korea. Their is a major shift in the power structure. The US is not the power it was back then. And the other powers know it. Exploitation at its finest. Hunker down, it's going to be a long ride.
 Quoting: Anonymous Coward 37243858


Euro goes down first, then 2 weeks later the dollar is dead!!
 Quoting: MaxMad


Thanks Lyndsey Williams.cool2
 Quoting: Anonymous Coward 18619489


that name just got you banned!
Anonymous Coward
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04/01/2013 06:19 PM
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Re: BRICS is dumping the Euro! Doom on!
If the dollar becomes worthless,how are the corporate lobbyests going to pay off and bribe the politicians?
 Quoting: Anonymous Coward 17969123


bigger question is, if the dollar goes how will govt shill shave their assholes?
Anonymous Coward
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04/01/2013 06:32 PM
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Re: BRICS is dumping the Euro! Doom on!
It is a hard argument to make that the US dollar would be "dead in 2 weeks" if the Euro fails. The European Nations would be looking for a new currency to depend upon until they get a new national one established, and the dollar is the natural remedy for that case.

On the one hand, it is obvious that the US as a whole would be affected if the Euro died, because the EU is the biggest importer of US goods, so our already declining manufacturing base would suffer, and unemployment could go up while Europe flounders in currency issues. But, as stated above, these nations would need some sort of medium of exchange, and there are lots of dollars floating around and widely accepted.

Still, the Chinese Yuan could fill the void as well. And if it did, and now OPEC is sending more oil to Yuan-based countries (I know, unlikely, but still, work with me here), then the dollar could be dropped as the "petrol dollar" and then we would be screwed. Of course, the dollar is supported by the full might of the US military. So again, unlikely.
 Quoting: Anonymous Coward 24028110


If the Saudi's drop the U.S. dollar as the petro dollar (which was agreed upon under Nixon in exchange for U.S. military protection) then the U.S. is indeed screwed!

The Chinese are very close to announcing to the world that their Yuan is fully backed by "GOLD"!

Once that happens the U.S. is indeed screwed!

So many factors and scenario's are in play globally that it is anybody's guess at this point which way things will go. War is on the horizon as it is well known that the west chooses this option when the economy goes south and the U.S economy is so far south that it's almost an impossibility that war won't erupt!
Cebeij

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04/01/2013 07:53 PM
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Re: BRICS is dumping the Euro! Doom on!
How can you recommend to buy gold when they control that as well? Gold is just a material after all. Does it give you shelter? Can you eat it when your hungry? Does it provide energy?
Anonymous Coward
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India
04/01/2013 08:14 PM
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Re: BRICS is dumping the Euro! Doom on!
[link to rt.com]

Put a fork in them, their done! This adds up with moves in Korea. Their is a major shift in the power structure. The US is not the power it was back then. And the other powers know it. Exploitation at its finest. Hunker down, it's going to be a long ride.
 Quoting: Anonymous Coward 37243858


Exploitation?
Who? By who? On whom???
Anonymous Coward
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04/01/2013 08:32 PM
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Re: BRICS is dumping the Euro! Doom on!
It is a hard argument to make that the US dollar would be "dead in 2 weeks" if the Euro fails. The European Nations would be looking for a new currency to depend upon until they get a new national one established, and the dollar is the natural remedy for that case.

On the one hand, it is obvious that the US as a whole would be affected if the Euro died, because the EU is the biggest importer of US goods, so our already declining manufacturing base would suffer, and unemployment could go up while Europe flounders in currency issues. But, as stated above, these nations would need some sort of medium of exchange, and there are lots of dollars floating around and widely accepted.

Still, the Chinese Yuan could fill the void as well. And if it did, and now OPEC is sending more oil to Yuan-based countries (I know, unlikely, but still, work with me here), then the dollar could be dropped as the "petrol dollar" and then we would be screwed. Of course, the dollar is supported by the full might of the US military. So again, unlikely.
 Quoting: Anonymous Coward 24028110


Agreed. I followed your thoughts to the letter, and just before I read it I thought "but, our military...."

cheers

Could get rough out there though. Gonna be a tricky year and a half, by my estimate. Hell it could be much sooner than that.
Saddletramp
We Don't Rent Pigs...

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04/01/2013 08:36 PM

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Re: BRICS is dumping the Euro! Doom on!
It is a hard argument to make that the US dollar would be "dead in 2 weeks" if the Euro fails. The European Nations would be looking for a new currency to depend upon until they get a new national one established, and the dollar is the natural remedy for that case.

On the one hand, it is obvious that the US as a whole would be affected if the Euro died, because the EU is the biggest importer of US goods, so our already declining manufacturing base would suffer, and unemployment could go up while Europe flounders in currency issues. But, as stated above, these nations would need some sort of medium of exchange, and there are lots of dollars floating around and widely accepted.

Still, the Chinese Yuan could fill the void as well. And if it did, and now OPEC is sending more oil to Yuan-based countries (I know, unlikely, but still, work with me here), then the dollar could be dropped as the "petrol dollar" and then we would be screwed. Of course, the dollar is supported by the full might of the US military. So again, unlikely.
 Quoting: Anonymous Coward 24028110


If the Euro blows up, you'll have a derivative nightmare scenario...

Our biggest banks are heavily invested in Europe via the CDO and CDS markets...

If the Euro tanks and European Banks and Sovereigns begin to default, the derivative flotsam & jetsam will begin to wash up on our shores 3 to 6 weeks later...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
The World's Biggest Lie
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04/01/2013 08:39 PM
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Re: BRICS is dumping the Euro! Doom on!
Judas is the devil.
Anonymous Coward
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04/01/2013 08:41 PM
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Re: BRICS is dumping the Euro! Doom on!
How can you recommend to buy gold when they control that as well? Gold is just a material after all. Does it give you shelter? Can you eat it when your hungry? Does it provide energy?
 Quoting: Cebeij


That's pretty much my line of thinking too.

It's why I keep some cash on hand instead of PMs. I don't think I'll be able to waltz to the local "Mad Max" style trade/barter/flea market with my shiny gold and silver eagles and walk out with twenty chickens, 200 pounds of rice and beans, and a couple thousand rounds of rifle ammo after TSHTF.

There's just that thin margin of time between "phat dollar days" and "it don't fuckin matter, it's all fucked days" when my dollars will be handy. Once those days are up, all the paper, gold, and silver won't be worth shit, right?

It really boils down to the fact that I'm too poor to be long into PMs anyway, so I'm not too fucking worried about it. I just keep some extra cash out, and of course some extra food and water.
Anonymous Coward
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04/01/2013 08:53 PM
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Re: BRICS is dumping the Euro! Doom on!
[link to rt.com]

Put a fork in them, their done! This adds up with moves in Korea. Their is a major shift in the power structure. The US is not the power it was back then. And the other powers know it. Exploitation at its finest. Hunker down, it's going to be a long ride.
 Quoting: Anonymous Coward 37243858


No doubt the Russians pushed for this after the Cyprus debacle.
Anonymous Coward
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04/01/2013 08:55 PM
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Re: BRICS is dumping the Euro! Doom on!

...

The Chinese are very close to announcing to the world that their Yuan is fully backed by "GOLD"!

Once that happens the U.S. is indeed screwed!

....
 Quoting: Anonymous Coward


Does not matter which country says their currency will be backed by gold. No one will believe it.

1. There are no audits of gold in vaults,
2. There is too much talk of fake gold bars,
2. There is no ability to cash in your bills at bank for gold.
Anonymous Coward
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04/01/2013 08:56 PM
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Re: BRICS is dumping the Euro! Doom on!
The Euro is worthless. It is inflated by stealing money from depositors accounts in Cyprus. When they try it in Italy and Spain next that will be the end of the Euro.

The Spanish and Italians are not going to stand still while their deposits are looted.
Anonymous Coward
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04/01/2013 09:00 PM
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Re: BRICS is dumping the Euro! Doom on!
It is a hard argument to make that the US dollar would be "dead in 2 weeks" if the Euro fails. The European Nations would be looking for a new currency to depend upon until they get a new national one established, and the dollar is the natural remedy for that case.

On the one hand, it is obvious that the US as a whole would be affected if the Euro died, because the EU is the biggest importer of US goods, so our already declining manufacturing base would suffer, and unemployment could go up while Europe flounders in currency issues. But, as stated above, these nations would need some sort of medium of exchange, and there are lots of dollars floating around and widely accepted.

Still, the Chinese Yuan could fill the void as well. And if it did, and now OPEC is sending more oil to Yuan-based countries (I know, unlikely, but still, work with me here), then the dollar could be dropped as the "petrol dollar" and then we would be screwed. Of course, the dollar is supported by the full might of the US military. So again, unlikely.
 Quoting: Anonymous Coward 24028110


Yes but my take is that the world is seeing the US less and less as a safe haven, and taking more akin to BRIC Nations. When the confidence in the US military is undermined, that is when the world will flee the dollar.
 Quoting: Anonymous Coward 37243858


itisnot the USA. There is no USA. There is only the House of Rothschild (alias the Federal Reserve Bank)

How the House of Rothschild Destroyed the WORLD:
[link to 911wasahoax.blogspot.com]

And:
Ron Parsley:
[link to www.youtube.com]
Anonymous Coward
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04/01/2013 09:00 PM
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Re: BRICS is dumping the Euro! Doom on!
The Euro is worthless. It is inflated by stealing money from depositors accounts in Cyprus. When they try it in Italy and Spain next that will be the end of the Euro.

The Spanish and Italians are not going to stand still while their deposits are looted.
 Quoting: Anonymous Coward 25346234


Frankly, I'm surprised you guys haven't stampeded the Euro. "Little old Cyprus" or not, I'd have the majority of my Euros in hand / in commodities regardless of where in Europe I lived.

"Sacre bleu! Get zee monies from zee bank!"
Em18966

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04/01/2013 09:10 PM
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Re: BRICS is dumping the Euro! Doom on!
Enter war on the Korean peninsula.
Unixlike

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04/01/2013 09:22 PM
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Re: BRICS is dumping the Euro! Doom on!
I don't see how China could have enough gold to fully back their currency. According to an annual gold survey there is 170,000 tons of gold in the world. That's roughly 6 trillion dollars if I just did the math right in my head. How much of that gold does China have? How much remnimbi exist?
Anonymous Coward
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04/01/2013 09:27 PM
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Re: BRICS is dumping the Euro! Doom on!
Buy gold and silver and get your money out of the system. If you took all the gold ever mined since civilization began it would only fill up 1 olympic size swimming pool. Now thats a rare and valuable resource. Buy it and stash it away, even if its a bracelet or necklace. When shit hits the fan you can trade it for food, medicine, shelter. It and silver are the only true forms of currency on earth. I don't know what is going to happen when everything collapses, but buying ammo might be a good idea also. It can be a valuable trading resource as well as protection. Even if things don't sink in the next few years, you can't go wrong with gold. The price seems to always be going up. As a prepper I am prepared for this as I can be. The only uncertainty is how others will react and how I will keep a low profile and defend what I built here. I hope this event does not come anytime soon, but if it does you only have yourself to blame for not being prepared.
recollector

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04/01/2013 09:30 PM
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Re: BRICS is dumping the Euro! Doom on!
I don't see how China could have enough gold to fully back their currency. According to an annual gold survey there is 170,000 tons of gold in the world. That's roughly 6 trillion dollars if I just did the math right in my head. How much of that gold does China have? How much remnimbi exist?
 Quoting: Unixlike




It doesn't matter, really.


Because, you see, the U.S. have ZERO, NADA, ZILCH gold.
recollector
|DEAD|SERIOUS

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04/01/2013 09:31 PM
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Re: BRICS is dumping the Euro! Doom on!
that is why we still need a draft
God Leo
Anonymous Coward
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04/01/2013 09:33 PM
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Re: BRICS is dumping the Euro! Doom on!
Buy gold and silver and get your money out of the system. If you took all the gold ever mined since civilization began it would only fill up 1 olympic size swimming pool. Now thats a rare and valuable resource. Buy it and stash it away, even if its a bracelet or necklace. When shit hits the fan you can trade it for food, medicine, shelter. It and silver are the only true forms of currency on earth. I don't know what is going to happen when everything collapses, but buying ammo might be a good idea also. It can be a valuable trading resource as well as protection. Even if things don't sink in the next few years, you can't go wrong with gold. The price seems to always be going up. As a prepper I am prepared for this as I can be. The only uncertainty is how others will react and how I will keep a low profile and defend what I built here. I hope this event does not come anytime soon, but if it does you only have yourself to blame for not being prepared.
 Quoting: Anonymous Coward 36874452


I like the gold necklace idea. Someone told me a trick where if you needed to you could use wire cutters to snip a portion off and go trade that, just a bit at a time.

But as for me I'm too poor for a lot of gold and silver (any PMs really).

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