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Bye, bye dollar, Russia to Raise Reserve Currency Issue at BRIC

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posted on Jun, 16 2009 @ 09:28 AM
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Originally posted by marg6043
reply to post by audas
 


The predictions are that the BRIC will be taking over the G7 in about 20 years, but the way things has been accelerating and due to our economy downfall this may happen faster as other nations will start taking sides and building new alliances.


The BRIC - includes India which will fall with America - further the EU will remain as the dominant economic force in the world as it is today. China will without doubt return to being the most powerful country one earth as it was for about 4000 years.

Brazil will falter as it too has aligned its fortunes with the US.

Russia is an independent player, whos history will be its future - it will always be relevant, and a power player distrusted by the outside world.

BRIC will not "replace" G7 or G8.

America is finished however. Only real opportunity lies in some SERIOUS displays of humility and engagement with the global community as an equal member as opposed to rapacious overlord.




posted on Jun, 16 2009 @ 09:39 AM
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reply to post by audas
 


Actually believe of not that is the intention of the BRIC to replace the G7, since 2008 that has been the plans.

After the financial crisis many developing countries believe that they should have more power when it comes to already established world leaders.

2008,


Finance ministers and central bankers from the so-called G20 nations are scheduled to meet Saturday in Brazil to hammer out a plan to take to world leaders in Washington next weekend.

“The present institutions have failed,” Brazilian Finance Minister Guido Mantega said. “They were not able to detect [the global financial crisis] in time, and stop it from happening.”


www.globeinvestor.com...

We should not under estimate the power of emerging nations.



posted on Jun, 16 2009 @ 10:13 AM
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reply to post by marg6043
 


I'm all for currency reform, money has done nothing but corrupt. Unfortunately I fear this would only be trading one tyrant for another so to speak.



posted on Jun, 16 2009 @ 10:23 AM
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reply to post by SkepticPerhaps
 


I agree, it seems that the purpose of all this so call BRIC is to help prop the Chinese currency.

The Chinese goal has been to get economic supremacy and they are just about to reach that goal.

And they are starting with the Asian and south American markets.

While US has been fighting wars China has been winning economic allies.



posted on Jun, 16 2009 @ 10:33 AM
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Russia is raising the issue but according to Russia’s Finance Minster whom I recently read an article about in the Moscow Times (English version) Russia is in no position or is China yet or the European Union to create a substitute reserve currency.

While the desire is there, the logistics aren’t.

Because the U.S. Dollar has so long been used as the world’s reserve currency there are so many Dollars in circulation to print a similar number of Euros, Juan or Rubles would take the better part of a decade if not longer.

To use another currency as a flexible reserve currency there has to be enough of it in circulation to fulfill the task of what a reserve currency does.

Things like Oil and Airline Tickets have to be purchased currently in Dollars, if you want to take Iran Air to Dubai you better have some Dollars in your pocket if you want to pay cash. If you want to pay Credit they are charging the fare in dollars and then converting your bill to your own currency but even in a paperless transaction somewhere the physical notes have to exist to change hands behind the scenes.

If Russia or China or the EU really wants to supplant the Dollar as a Reserve Currency they need to crank up the printing presses today and start rolling off un-monetized notes to start stockpiling and storing for the day that maybe they win that case with the IMF.

Even then it’s going to take a long time once they have enough notes to get them into circulation and if they start putting them in circulation ahead of time, then they become monetized and as they are as that pool of monetized currency increases the value of that currency goes down.

This is in many ways a lot of hype to keep markets unstable and people afraid.

Logistics not money make the world go round.

Just say no to fear propoganda!



posted on Jun, 16 2009 @ 10:52 AM
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reply to post by ProtoplasmicTraveler
 


Is one country that since 2008 has been using the Japanese and Russian currency for the sell of oil, Iran, since their open their bourse last year they refused to use US dollars.

That is when the US mark them as a dangerous nation and sanctions were impose on anybody doing business with them.

While smaller developing countries listened, Japan, China and Russia didn't not and still are doing business as usual.

The last country that try to do the same Was Iraq and we invaded them.

Iranian oil bourse
en.wikipedia.org...



posted on Jun, 16 2009 @ 11:02 AM
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Originally posted by marg6043
reply to post by ProtoplasmicTraveler
 


Is one country that since 2008 has been using the Japanese and Russian currency for the sell of oil, Iran, since their open their bourse last year they refused to use US dollars.

That is when the US mark them as a dangerous nation and sanctions were impose on anybody doing business with them.

While smaller developing countries listened, Japan, China and Russia didn't not and still are doing business as usual.

The last country that try to do the same Was Iraq and we invaded them.

Iranian oil bourse
en.wikipedia.org...


There is a real danger in going against the money cartells.

Because fiat instrument of debt currency is not secured by anything tangible but the abstract idea of it's value and exchange rate, it becomes imperative to the money cartells to propogate that myth it has some real intrinsic value.

Believe it or not the U.S. Federal Reserve is incorporated as a Not for Profit Religious Corporation!

In other words "In God We Trust" legal tender notes is all just part of some religious ritual the money cartells enslave us with.

It can be a deadly game to play...it can be a deadly game not to play!

It took the owners of the money cartells the better part of a century and a number of bankrupting wars, political intriques, coups and assissinations to get the entire world off of any type of 'value' linked currency attached to anything tangible and onto this system that is basically numbers for the sake of numbers and nothing but numbers in a complex hard to understand system that awards wealth to those who control it and those few that understand it, and enslaves the rest of humanity to it's monopoly on the people.

The don't take kindly to any nation that bucks this system and well who can blame them? After all it's good to be the king!



posted on Jun, 16 2009 @ 11:20 AM
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reply to post by ProtoplasmicTraveler
 


That is why US under Bush was so adamant to even consider talks to Iran, while Obama perhaps may be following the same path, China doesn't give darn about anything but themselves.

As you can see US doesn't even dare to go against China no matter how much the media wants to play antagonism.

But when our leaders go to China they do nothing short of kissing their buts.


Japan the same way, they have been affected so much by the US crisis that they just do as they wish.

China is a big buyer of Iranian oil with vast amounts of holdings on investments and Japan also buy oil from Iran.



posted on Jun, 16 2009 @ 11:42 AM
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Originally posted by marg6043
reply to post by ProtoplasmicTraveler
 


That is why US under Bush was so adamant to even consider talks to Iran, while Obama perhaps may be following the same path, China doesn't give darn about anything but themselves.

As you can see US doesn't even dare to go against China no matter how much the media wants to play antagonism.

But when our leaders go to China they do nothing short of kissing their buts.


Japan the same way, they have been affected so much by the US crisis that they just do as they wish.

China is a big buyer of Iranian oil with vast amounts of holdings on investments and Japan also buy oil from Iran.





It's important to understand 'who' China is, in the New World Order scheme of things.

China has been transformed by U.S. and European Manufacturing and Banking consortiums who see in it not just the world's largest market for durable goods and petrol products but a place by and large devoid of any idealogies other than allegiance to the state. A State that for the most part U.S. and European Business interests now own.

China will eventually supplant the U.S. as the World's policeman as their economic might and flexibility develops further under the tutelage and guiding hands and watchful eyes of the American and European Financial Oligarchs.

The "Redistribution of Wealth" Barack Obama talked about is not domestically but internationally as the only credible threat to a New World Order being openly implemented is a strong and financially prosperous and well educated American citizen willing to speak out against it and take up arms against it.

Redistribution of Wealth is about minimizing the chances of that happening and to minimize it's impact if it does. With a badly divided and fractured and impovershed America struggling to come to terms with the decades long political betrayals that led to Capital flight the explosive developing markets in Asia and China offer much more profit and far greater control for the Oligarchs.

Most of how these events are related in the News to the American public are simply a complex charade and staged show to keep Americans dumb, poor and confused and in a progressively weaker and weaker state to mount resistence.

This plan has existed on the books and has slowly been worked on since the then still largely independent U.S. Congress and a President Woodrow Wilson realing with the bite of European betrayal and duplicity rejected the Treaty of Versailles and the League of Nations.

The Rockefeller owned and staffed CFR (Council for Foreign Relations) in New York City, and it's subsidiary the United Nations have worked relentlessly over the past 8 decades to submerge American Sovereignty and to gain absolute control of the world's money supply as a means of nuetralizing American intervention against One World Government.

As to whether they can pull it off is anyone's guess at this point despite the fact that they seem to be doing a fine job and are nearly complete in accomplishing their goals and tasks.

It ain't over until the fat lady sings though, and in this economy finding a woman who can afford to be overweight might keep this game going a lot longer and stronger than anyone intended!



posted on Jun, 16 2009 @ 11:51 AM
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reply to post by ProtoplasmicTraveler
 


Amen to that, at least you see exactly what is going on right now in the world, I always said that most American people are slow but they are not stupid, eventually they will wake or are waking up already, just look at the sale of guns lately.

Still is going to take just more than anger and resentment to take out the powers that rule this nation.

Usually power corrupts and that is why we have no seen a hero yet coming to the rescue.





[edit on 16-6-2009 by marg6043]



posted on Jun, 16 2009 @ 12:07 PM
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Originally posted by marg6043
reply to post by ProtoplasmicTraveler
 


Amen to that, at least you see exactly what is going on right now in the world, I always said that most American people are slow but they are not stupid, eventually they will wake or are waking up already, just look at the sale of guns lately.

Still is going to take just more than anger and resentment to take out the powers that rule this nation.

Usually power corrupts and that is why we have no seen a hero yet coming to the rescue.





[edit on 16-6-2009 by marg6043]


I don't think the Mufti of Jerusalem had any idea what a powerful concept he created when he named the law that divides the Holy Places in Jerusalem between various Christian sects the "Status Quo".

The real challenge that is quite mind boggling is how to overcome the Status Quo as America has become so interlinked internationally in systems that it participates in but are not under the direct control of the U.S. Government or the U.S. Citizen.

What most Americans do not understand is after the Revolution when a small delegation of Americans went to Europe to negotiate the treaty to recognize American independence what they encountered there was a whole long line of concerned Creditors and Litigants who had something alot more powerful than guns as their weapons, they had signed Contracts!

Whether the founding fathers were aware of it or cognizant of it at the time they staged their revolution the reality is that revolution imperilled a lot of different peoples property and wealth and contractual obligations.

Ultimately it was then the King of England in his primary capacity of Prince Elector of the Holy Roman Empire and their High Mightiness of the Netherlands and the Court of Madrid that more or less dictated the terms of which the victors would be financially responsible to the loosers in the armed portion of the struggle.

Bills still had to be paid, obligations fulfilled, people who lost property and revenue had to be compensated and the new American government had to gaurantee it in writing in the Treaties in order to be granted it's 'Independence'.

In 1792 the concept of the International Corporation was just taking root and hold.

Today those roots are so intertwined into every fabric of American life that it is not simply a matter of rebelling against Washington as once a New Order exists in Washington it will be made to be held accountable for the debts and contracts that the Old Order initiated lawfully under what would still be the prevailing system of International Contractual Law and International Banking Laws.

If a New Order in America is unable or unwilling to make good on those things two things then happen...(1) the risk of foreign military invention by a host of nations looking to secure lost rights and funds to American property and monies. (2) a pariah status internationally because of broken contracts and unpaid debt and no longer being a member of the treaties that so disadvantegously govern international trade and law at the expense of individual nations soveriegnty.

Number 2 is even more frightening as we do not any longer manufacture enough things or have enough domestic natural resources to keep the infrastructure up and running and the nation as a result from falling in to a total state of anarchy.

So once again the only way out of this is just as it was in 1776 and that's to cut a deal with the devil, which is why we are still not any freer today in 2009 than we were in 1775.



posted on Jun, 16 2009 @ 12:21 PM
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reply to post by ProtoplasmicTraveler
 


Interesting, but some of south American countries has defaulted in their debts.

Isn't debt default the way to to Restructuring Sovereign Debt, if small countries has done it, why not the US, I guess been the biggest debtor in the world make it a big difference.

BTW they way you explain the indebtedness of America and other countries in your post make me think that is not way we can ever change the "status Quo".



posted on Jun, 16 2009 @ 12:29 PM
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Originally posted by marg6043
reply to post by ProtoplasmicTraveler
 


Interesting, but some of south American countries has defaulted in their debts.

Isn't debt default the way to to Restructuring Sovereign Debt, if small countries has done it, why not the US, I guess been the biggest debtor in the world make it a big difference.

BTW they way you explain the indebtedness of America and other countries in your post make me think that is not way we can ever change the "status Quo".



We are neither a small nor insignificant debtor nation but a huge debtor nation that has trillions of dollars in circulation throughout the world that would become worthless, trillions of securities and insurance policies in circulation throughout the world that would become worthless, and trillions in real estate that foreign nationals, corporations and governments own.

America defaulting would literally cause World Wide financial collapse we are in fact still currently the lynchpin that holds the whole system the world over together as a system.

We are as it stands now the one straw whose removal would instantly break the camels back for the very same logistical reasons I put in my reply to the first post.

It's a pretty overwhelming trap and problem, but you know what they say, where there is a will there is a way!

It is a part of the equation domestically that few people consider, but believe come a succesfull revolution or regime change in Washington D.C. the world sure is going to make Americans consider it!



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