It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
More at Link...
Is The Chairman's Plan To Kill The Dollar About To Be Derailed?
The Independent has released information that Arab States, along with China, Russia, Japan and France are about to end the dollar's hegemony. While snippets like this have been previously discussed, usually accompanied by lots of posturing, nothing firm had ever materialized. If the latest overture turns out to be real, that would be a dramatic hit to Ben Bernanke's attempt to inflate trillions of debt on the back of a rapidly devaluing reserve currency. Ironically, the end of the dollar's pain may now become Bernanke's new sad reality as with the loss of its reserve status, perpetual dollar devaluation becomes a moot point. Oh, and a side effect, first oil, and soon all other commodities, will soon stop being priced in USDs.
From The Independent:
Originally posted by Agit8dChop
9yrs you say?
If this is true, and indeed there's a push behind the scenes for this, I give it a 3-4yr time frame before concentrated actions are taken to stop this 'rot'
thats like saying youve got 9yrs to live, and waiting until the 9th year to do something. America is a MASSIVE beast, it will not go down easy
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
Originally posted by ziggy1706
The dollar represent AMERICA!!!! if it all switched over to the Euro, should we not simply throw our constittuiondown the toilet and become Eurpe#2 then? NO EFFIN WAY
Russian officials have held "secret meetings" with Arab states, China and France on ending the use of the U.S. dollar in international oil trading, Britain's Independent newspaper reported on Tuesday. The countries are reportedly seeking to switch from the dollar to a basket of currencies including the euro, Japanese yen, Chinese yuan, gold, and a new unified currency of leading Arab oil producing countries. "Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars," the paper said. The Independent said the meetings have been confirmed by Chinese and Arab banking sources. "These plans will change the face of international financial transactions," a Chinese banker told the paper. "America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate."
Originally posted by consciousdrum
Did this go down in the G7 meeting?...theres so many G groups i lose track
Originally posted by ziggy1706
Effin bastids..so much for business 'partners' hugh??? America had better re learn how to manufacture nad build jobs soon, i think it would help if not, bring the dollar back as strong as ever! It sounds like china, middle east is abandoning us..wake up america! and stop dealing with business terrorists*