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/cgi-bin/YaBB.pl General Category >> Politics, Religion (Tall Table) >> 5 prominent countries, dollar no more /cgi-bin/YaBB.pl?num=1364865505 Message started by Midnightrider on 04/01/13 at 18:18:25 |
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Title: 5 prominent countries, dollar no more Post by Midnightrider on 04/01/13 at 18:18:25 "The U.S Dollar is quickly losing its status as the world reserve currency. Five of the top ten economies in the world, plus a few others, no longer use the dollar as an intermediary currency for trade. This trend poses a huge risk to the dollar and the United States along with it. ZeroHedge points out today that Australia, the world's 12th-ranked economy, has now joined a growing list of nations that have agreed to bypass the dollar in bilateral trade with China. China, ranked 2nd behind the U.S., also has similar agreements with Japan (3rd), Brazil (6th), India (9th), and Russia (10th). Although unilateral agreements have been in place for some time between China and the countries listed above, last week the BRICS (Brazil, Russia, India, China and South Africa) agreed to set up a development bank to compete with the IMF, indicating it's gearing up to compete in a post-dollar world. Additionally, Brazil, who agreed in principle to drop the dollar with bilateral trade with China some time ago, just made it official with $30 billion in annual currency swaps which will facilitate around 50% of all trade between them. Besides those agreements with China, some of these nations have made other similar agreements with each other. India and Japan began swapping $15 billion in each other's currency in 2011 to handle their bilateral trade. And the sanctions against Iran haven't stopped them from trading oil with China, Russia, and India in anything but the dollar." Wont be too much longer the dollar will be worthless here and we'll find out what the 1.6 billion bullets are for. |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/01/13 at 20:35:34 They will all love it ... till china shafts them. Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by Paraquat on 04/02/13 at 06:17:07 Can't wait. --Steve |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/02/13 at 08:33:48 Not to mention Russia ... Anyway IMF is a loan shark, its time for it to die. Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by justin_o_guy2 on 04/02/13 at 09:30:00 IMF & World Bank,, both evil. Look at the countries that have "Needed to be liberated from their ( often democratically elected) leaders" since the 80's. Diary of, or tales of, I cant remember,, something about "Economic Hit Man",, tells how IMF & World Bank try to get national leaders to take "Loans" & put the nations natural resources & infrastructure up for collateral., ALL The While, the real agreement is to NOT repay the loan, but by defaulting, the country gets effectively taken over by the Globalists behind the IMF & W.B... Notice what happens when someone Wont play ball? Hussein, Gaddafi,, & some of the guys in south america who got clobbered in the 70's & 80's. &, when the dollars that are "Out there" are no longer needed for international trade, the holders will eventually send them home. Thats gonna be double pain, as we will have inflation coupled with a decreasing demand for our dollars. As the value of those dollars starts to decline, major holders, like China, are gonna have a big decision to make, Dump their holdings & take the loss or try to prop up the value of the dollar to protect their investment,,My crystal ball doesnt see what they do, but I wouldnt be shocked to see them over here buying the last of the big manufacturers, Hoover Dam, Major utilities, etc, dropping plane loads of bills into our pool of currency, inflating our $$$ supply far beyond the demand for the dollar, & then we will see wheelbarrows of cash to buy a loaf of bread, |
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Title: Re: 5 prominent countries, dollar no more Post by 45acp on 04/02/13 at 09:49:21 have you been down the bread isle lately? were not far from that now. |
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Title: Re: 5 prominent countries, dollar no more Post by Pine on 04/02/13 at 15:01:57 I sadly have to concur. It is unfortunate the either that congress either fails to note this or are blindly following the advice of those that do not have the nations interest at heart. I had not thought of China as spending their dollars on US resources, good catch. Something to watch for as a marker. I do know that China has made some large land purchases in the last year, supposedly with deals that they can run the extraction of resources without honoring US labor laws... though EPA law was not mentioned. I didn't put much stock into it at the time. The best I can do is to keep my debt as low as possible, and I bought just a tad of metals... nothing that would last long if I had to spend it. Of course my investment in ammo... has done very well! If I had a mind to I could double or triple my money. Silly how 17 pounds of "free" wheel weights has gone up in value. |
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Title: Re: 5 prominent countries, dollar no more Post by bill67 on 04/02/13 at 15:57:01 Thank president Nixon for our friendship with China,Just another smart republican move. |
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Title: Re: 5 prominent countries, dollar no more Post by Dane Allen on 04/02/13 at 16:59:26 62696C6C3637000 wrote:
I am soo glad I got here before this little gem mysteriously disappears. Ok, wiping tears away...ok so you are blaming Richard Nixon for the sorry state the union is in because he opened diplomatic relations with China in 1972. 41 years ago Nixon began to ease the relationship between China and the West and that is why Obama is printing reams of dollars and increasing our debt by the trillions??? Is the "Blame Bush" mantra running out of steam now? I'm pretty sure you could cover for Obamas failures by blaming something on every Republican president since 1900 but please expect to be mocked and ridiculed for these statements. I will refrain from the brutal sarcasm to which I could have written here as a gesture of respect for your views, more respect that I have received from liberals for mine. |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/02/13 at 17:41:05 3C2325223F3809390931232F64560 wrote:
Yup, the chinese are going buy the hoover darn, then they are going to "move it to china" It will be their hoover dam. Dude you can sit in a foreign country and buy any bloody thing in the US you like ... then they can be denied a visa to come to the US to look at their darn dam. We really can milk them dry if they buy american real estate. We can hit em with a "your grass is not mowed" ticket and charge them 1000 bucks fine. They cant come here to mow it, we deny them a visa, they will have to hire a local to mow it. That local knowing he's dealing with the chinese, will charge them $1000 bucks to "set up them" as a client. Then around the $999 mark, say that they cant accept their currency, they dont take checks form foreign country (can blame the nigerian check cashing scam) and say they have to remit the $ in person ... I have been outside the US and tried to get a visa to get in, nope ... they dont care what you have to say why you need to get into the country. Chinese or japanese or anyone buying american hard assets is a sure fire way to them losing their $$$. And sorry I really see russia and china screwing everyone else over, and the whole "Brics" groups throwing bricks @ each other. If they do manage to create an IMF clone, that would get the IMF to collapse, that cant be bad at all. My hope is India doesn't get shafted in the process. Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by bill67 on 04/03/13 at 03:50:15 7D58575C7855555C57390 wrote:
I am soo glad I got here before this little gem mysteriously disappears. Ok, wiping tears away...ok so you are blaming Richard Nixon for the sorry state the union is in because he opened diplomatic relations with China in 1972. 41 years ago Nixon began to ease the relationship between China and the West and that is why Obama is printing reams of dollars and increasing our debt by the trillions??? Is the "Blame Bush" mantra running out of steam now? I'm pretty sure you could cover for Obamas failures by blaming something on every Republican president since 1900 but please expect to be mocked and ridiculed for these statements. I will refrain from the brutal sarcasm to which I could have written here as a gesture of respect for your views, more respect that I have received from liberals for mine. [/quote] If it wasn't for Nixon Wal Mart wouldn't have anything to sell. |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/03/13 at 06:06:03 And remember the I in nIxon stands for Integrity. Yea look it up, the republicon slogan from back in the day. Right up there with the "Dewey defeats Truman" genius. Man they are geniuses, with a capital J. Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by bill67 on 04/03/13 at 06:22:51 Nixon must have made some money,He took a early retirement from the White House. |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/03/13 at 06:31:18 Also I was far more pessimistic about the USD from 2005-2010. The ascendancy of the euro was truly bad news for us. The columbian drug lords meeting with the mexican drug cartels and trading stuff in USD ... only happens in movies ... hollywood B movies to be exact, cos they dont know what currency columbia or mexico has. Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by Dane Allen on 04/03/13 at 09:32:51 505B5E5E0405320 wrote:
I am soo glad I got here before this little gem mysteriously disappears. Ok, wiping tears away...ok so you are blaming Richard Nixon for the sorry state the union is in because he opened diplomatic relations with China in 1972. 41 years ago Nixon began to ease the relationship between China and the West and that is why Obama is printing reams of dollars and increasing our debt by the trillions??? Is the "Blame Bush" mantra running out of steam now? I'm pretty sure you could cover for Obamas failures by blaming something on every Republican president since 1900 but please expect to be mocked and ridiculed for these statements. I will refrain from the brutal sarcasm to which I could have written here as a gesture of respect for your views, more respect that I have received from liberals for mine. [/quote] If it wasn't for Nixon Wal Mart wouldn't have anything to sell.[/quote] Ok, that is pretty funny ;D ;D ;D |
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Title: Re: 5 prominent countries, dollar no more Post by justin_o_guy2 on 04/03/13 at 10:48:56 God,, Im so sick of this, WHY do you insist on going Full on STUPID? Of Course they wont Take what they BUY home, If the Own it, they get the PROFIT it generates. They take THAT home. AND, When they buy these TRemendous HUGE things, they FLOOD our economy with dollars, creating huge inflation. Everyone else gets that, but your arrogant, snotty attitude, your "Im smarter than you" attitude will NOT allow you to see the simple answer. Youre an asshol. |
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Title: Re: 5 prominent countries, dollar no more Post by bill67 on 04/03/13 at 11:49:12 2E3137302D2A1B2B1B23313D76440 wrote:
JOG your IQ is shining through. |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/03/13 at 14:56:06 4F6A656E4A67676E650B0 wrote:
Look it up Dane - or Allen ? anyway look it up, printing $$$ does not increase our debt. Printing $$$ makes the $$$ out in circulation worth less. It is the right way to fund a lot of things, and it is really really irking rich people. They then decide to confuse people cos their $$ are worth less ... however since most common people dont have a stash of a few billion lying around, we are not much affected. That hurts the rich ... Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by justin_o_guy2 on 04/05/13 at 20:11:13 7B7075752F2E190 wrote:
JOG your IQ is shining through. [/quote] Yes, it is. Ive never scored under a 138 on an IQ test. If you were mentally capable, you could understand my posts. |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/06/13 at 15:44:54 786761667B7C4D7D4D75676B20120 wrote:
JOG your IQ is shining through. [/quote] Yes, it is. Ive never scored under a 138 on an IQ test. If you were mentally capable, you could understand my posts. [/quote] You know I dont doubt this 1 bit. In fact I'd have rated you higher even possibly. There is a huge difference between smart and unbiased though. Ann Coulther and Rush Limbaugh are no doubt very very high IQ. In fact Ann Coulther sounds like she's a combination of shakespere and Quentin Tarantino. Yea only problem is she's so biased nothing she ever says makes sense. Bias is different from being intelligent. Being intelligent doesn't automatically make you being creative. Being creative doesn't make you intelligent. And you can be none of these and still be successful. Even in a creative field. Odd. Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by justin_o_guy2 on 04/07/13 at 10:04:44 I am as Unbiased as anyone Ive ever met. I give credit where its due & blame, the same. I dont care who does it, if its wrong, Im ready to point it out as Wrong. If its right, Ill give them a High 5.. The only agenda I have is freedom & individual responsibility. I am a Libertarian & Constitutionalist. I dont support repubs or dems, I dont hate anyone for having an R or a D after their name, nor do I like them for it. ACTIONS are all I rate, irrespective of any party affiliations. |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/07/13 at 14:59:43 455A5C5B4641704070485A561D2F0 wrote:
Yup me too ... isn't that a hoot. Yea serious, I am very unbiased too. If there is a problem I call it as such. I may not be a libertarian or a constitutionalist - isn't that a bias too ? Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by justin_o_guy2 on 04/08/13 at 05:57:05 If wanting freedom in the Natural sense, the kind of freedom one would want if one was not a part of any nation or state, just alive, in a natural setting, is bias, then, I guess thats bias. |
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Title: Re: 5 prominent countries, dollar no more Post by Paraquat on 04/08/13 at 06:13:28 36372C2B24312D450 wrote:
I doubt this because you're under the impression the Republicans are somehow hindering Obama's master plan. A spade is a spade. --Steve |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/08/13 at 06:30:53 5263706373776376020 wrote:
I doubt this because you're under the impression the Republicans are somehow hindering Obama's master plan. A spade is a spade. --Steve[/quote] No from 2010 to 2012 the republicons entirely put a dead stop to anything and everything. Including defunding the state department resulting in the benghazi attack on a poorly staffed and defended consulate. After the elections the brakes are lighter, Obama has not had to fight as much, but a small group is still holding the rest of the country hostage. Sorry that's the way I see it. Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by justin_o_guy2 on 04/08/13 at 06:46:54 ncluding defunding the state department resulting in the benghazi attack on a poorly staffed and defended consulate. Show me they defunded the state dept. Clinton STATED she had no idea they needed help,, Help was held back, just like LBJ & the Liberty. What happened was a hit. The ambassador was taken out. WE knew it, we let it happen. There were some dealings going down, arms for the "wrong" people & he said he had had enough, Ill bet you dollars to donuts. REally? It started out as a march, a peaceful protest, & it escalated,, to RPG's? REally? In a Hot Zone, we dont have people watching for people coming into a town, hauling stuff for a full on assault? There were Marines about a mile away. They were told Do Not REspond., |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/08/13 at 08:00:58 312E282F32350434043C2E22695B0 wrote:
How am I supposed to "show" you. I heard all the bickering a few months ago about expanding govt and expenses for this and that from the repuglicons. And they were told to not respond ? really I wonder why I never hear of it me being the news addict I am .. yea I dont listen to the left or the right's propaganda machine. I've lived in a city like benghazi. You easily see a "march on the streets for this or that" and under cover of that, buildings get broken into and stuff gets stolen or damaged. The perps then just disappear after all they know the terrain there very well. Cool. Srinath. |
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Title: Re: 5 prominent countries, dollar no more Post by Trippah on 04/08/13 at 13:23:49 You do realize that Nixon wanted the uS currency to become less valuable, thus making HIS constituency, US Business, more competative in countries where workers get 10 Pharrts an Hr for their labor. The US is already scouring the Globe, looking for the next War..we have been at War constantly cause its good for the businesses that support the politicians. That we loose 1-5 thousand soldiers per war is good cause it allows for more of the otherwise unemployable to have a job. cause there aren't enough jobs. That's why we put so many in prison, hire so many prison guards, try to keep everyone in school to at least 2 years after hs graduation. All the jobs those without education, and most of those in the military would have taken were they civilians, do not exist in the US anymore..they are in Mexico, South America, Korea, Japan, now China, Vietnam and Indonesia. ;D ;D ;D ;D |
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Title: Re: 5 prominent countries, dollar no more Post by Pine on 04/08/13 at 14:32:21 7D7C67606F7A660E0 wrote:
How am I supposed to "show" you. I heard all the bickering a few months ago about expanding govt and expenses for this and that from the repuglicons. And they were told to not respond ? really I wonder why I never hear of it me being the news addict I am .. yea I dont listen to the left or the right's propaganda machine. I've lived in a city like benghazi. You easily see a "march on the streets for this or that" and under cover of that, buildings get broken into and stuff gets stolen or damaged. The perps then just disappear after all they know the terrain there very well. Cool. Srinath.[/quote] I just happend to be watching the senate testimony when testimony was given that local US soilders were told not to leave thier post to assist the embassy/ambassador. As this was congressional testimony.. I dont think one could color it rep or dem. Though to be sure the reps and dems were sure doing thier best to paint testimony to thier liking. (Thus Hillary getting upset in later testimony). Truth be told.. I am not that upset about Benghazi, it was sad, it shows how poorly the current Federal governent is run (finger points at all in washington.. not dems or reps.. but both). |
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Title: Re: 5 prominent countries, dollar no more Post by Dane Allen on 04/08/13 at 14:57:51 7E7F64636C79650D0 wrote:
I doubt this because you're under the impression the Republicans are somehow hindering Obama's master plan. A spade is a spade. --Steve[/quote] No from 2010 to 2012 the republicons entirely put a dead stop to anything and everything. Including defunding the state department resulting in the benghazi attack on a poorly staffed and defended consulate. After the elections the brakes are lighter, Obama has not had to fight as much, but a small group is still holding the rest of the country hostage. Sorry that's the way I see it. Cool. Srinath.[/quote] Great, now Republicans have to do Obama's job for him. Is there anytyhing Obama screwed up in the last 5-6 years that you won't try to blame on Bush or Nixon or Hoover or whoever? When does Obama get to be President and the leader of the country? |
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Title: Re: 5 prominent countries, dollar no more Post by Midnightrider on 04/08/13 at 19:29:33 Never. He's King Obama. He plays by his own rules, kills whoever he wants to, spys on American citizens. Wipes his A$$ the Constiutiom. All hail the King. |
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Title: Re: 5 prominent countries, dollar no more Post by srinath on 04/09/13 at 05:09:39 I wont say Obama screwed up - but this is his acheivements since getting to office. Repeal Dont ask dont tell. Yes I know you dont care about the gay's but the fact is they do work in the military, and just like the straight people they do get killed. Find and kill Bin Laden deep inside Pakisthan. Drone strikes against terrorists - Bush used them too, but Obama has taken it to a whole new level. And the biggie - Obamacare. You may again hate it, but unfortunately for you I have a very good yard stick for this - in 09, 10, 11, 12 I bought my own medical insurance and there was no change in anything else, no moves, no change in dependents nothing. So I have a perfect way to see pre Obama care vs post. In 2012 I got a $342 refund from the 80/20 rule. You see if you had employer partial payment and Obamacare went through, they could cut back their share form say 10% to 1% and promptly your cost will shoot up 9%, and you would think its "due to Obamacare". I know what exactly I was paying what for, and I can so far say for certain Obama care has saved some $$ all else remaining equal. Cool. Srinath. |
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