Nations Abandon US Dollar - Fear Of Collapse, page 1
Pages:
ATS Members have flagged this thread 6 times
Topic started on 14-5-2007 @ 07:34 PM by AllSeeingI

Nations Abandon US Dollar - Fear Of Collapse


en.wikipedia.org
Kuwait announced that it is considering abandoning pegging its dinar to the dollar

the central banks of Italy, Russia, Sweden, and the United Arab Emirates had announced similar shifts out of the dollar and into other currencies or gold
(visit the link for the full news article)


Related News Links:
www.brillig.com
en.wikipedia.org
www.treas.gov


reply posted on 19-10-2008 @ 04:42 PM by Anonymous ATS
The Federal Reserve invites the countries of the world to buy up the interest in out National Debt which is called Federal Reserve issues also known as key fields. This is ridiculous and should never have been allowed by our government for these central banks to do this!!! It is not just the Countries themselves that buys the interest to our debt it is these countries central banks. The two biggest buyers of our Debt are China and Japan both make up a total 44% of what they buy. In all there are 27 countries that have brought up the federal reserve issues. American people need to understand this is money that we have to pay back but can't due to the fact that the American dollar is worthless. Under President Bush Jr. the U.S. dollar has lost 41% of it's value.IF YOU add the domestic national debt($10 trillion) plus the foreign debt (about $43 trillion) that puts America's debt total to $53 trillion dollars!!!!! If the countries of the world no longer use the U.S. dollar as the world Reserve currency this will have a CATASTROPHIC EFFECT on our economy that will crash our economy and will put us in a depression that will make The Great Depression from the 1930's look like SESAME STREET!!!!! With this dam Bailout it will definately destroy our economy. American people both White, Black, Hispanic, Asian need TO WAKE UP, GET INFORMED and EDUCATE themselves so that they will know the truth and we all can ban together and demand change in this country even if we all have to march to Washington D.C. by the millions and start a Revolution!!!!!!!!!

Peace and love,
T.R. Scott

T.R.



reply posted on 19-10-2008 @ 04:51 PM by vonvitt
Originally posted by AllSeeingI

Nations Abandon US Dollar - Fear Of Collapse


en.wikipedia.org
Kuwait announced that it is considering abandoning pegging its dinar to the dollar

the central banks of Italy, Russia, Sweden, and the United Arab Emirates had announced similar shifts out of the dollar and into other currencies or gold
(visit the link for the full news article)


Related News Links:
www.brillig.com
en.wikipedia.org
www.treas.gov


I call complete and total BS on your part. You completely butchered the quote from wikipedia. The many countries you listed said this in 2006. Here is the correct quote...

"In 2006, the central banks of Italy, Russia, Sweden, and the United Arab Emirates announced they would reduce their dollar holdings slightly, with Sweden moving from a 90% dollar-based foreign reserve to 85%. [39] On May 20, 2007, Kuwait discontinued pegging its currency exclusively to the dollar, preferring to use the dollar in a basket of currencies.[40] Syria made a similar announcement on June 4, 2007."


Big difference when you take it in context. Trying to stir up more fear when we have enough already.

[edit on 19-10-2008 by vonvitt]


reply posted on 19-10-2008 @ 05:26 PM by Reddupo
reply to post by ModernAcademia


That is such a stupid arguement. I hate it when people use that. Wikipedia is just a collection of information from other sources. The information has [1] or other numbers next to it. Click it and find your true source, be it a peer reviewed journal or a government website, .etc. If the article doesn't site sources, wikipedia puts a big fat "THIS ARTICLE DOES NOT CITE ITS SOURCES" up top.


reply posted on 19-10-2008 @ 05:33 PM by yellowcard
Originally posted by Reddupo
reply to
post by ModernAcademia


That is such a stupid arguement. I hate it when people use that. Wikipedia is just a collection of information from other sources. The information has [1] or other numbers next to it. Click it and find your true source, be it a peer reviewed journal or a government website, .etc. If the article doesn't site sources, wikipedia puts a big fat "THIS ARTICLE DOES NOT CITE ITS SOURCES" up top.



Actually, Wikipedia doesn't generally put a big fat anything at the top, the Wikipedia community does. Also unpegging a currency doesn't mean that your banks are no longer holding dollars The world demand for the dollar is immensely high because of the economic crisis, which has caused deflation and a flight to liquid assets...like dollars.


reply posted on 19-10-2008 @ 05:58 PM by bruxfain
More current currency News

Whoever created this thread should read more current currency related news.





reply posted on 19-10-2008 @ 06:34 PM by West Coast
reply to post by AllSeeingI



These reports are unfounded, and not credible by any means. Wiki is also a terrible source to be quoting.


reply posted on 19-10-2008 @ 06:36 PM by West Coast
Originally posted by bruxfain
More current currency News

Whoever created this thread should read more current currency related news.



Amen, Mr. burxfain.

Additionally, the USD looks to be poised for a full rebound in mid to late 2009-2010, as the US will come out of its poor economic conditions sooner than Europe.
Pages:     ^^TOP^^



USDA Forces Whole Foods To Accept Monsanto
  Posted 9 days ago with 99 member flags
Greece wipes out Citizens Debt!! Tells Bankers to suck it
  Posted 10 days ago with 78 member flags
The Collapse of The American Dream Explained in Animation
  Posted 17 days ago with 53 member flags
Obama on the verge of a deal with the banks
  Posted 15 days ago with 23 member flags
EU financial dictatorship agreed to by EU ministers last night
  Posted 17 days ago with 17 member flags
Bankers requesting that Greece become their debt slaves
  Posted 13 days ago with 15 member flags