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China and Russia Quit Dollar

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posted on Nov, 24 2010 @ 09:50 AM
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Well, Russia and China, are major players, in 'end time' prophecy;a s a matter of fact, they are the KEY players. I'm not gonna explain the who, what, where, when, how and why's of it all (that's your job)....i'm just gonna say, keep your eye on those two countries, specifically; not that they can be stopped...because they can't, somethings MUST happen, regardless!

The way i see it is like this: America WAS the beacon of the world...and GOD HAD HIS HAND on the nation, for a very long time....because the majority of the people that ran the country, back then, namely the "Founding Fathers"...were VERY DEVOUT men of God..who believed STRONGLY and were totally convinced in their beliefs. Here's something to chew on....just ONE of MANY:

Benjamin Franklin: | Portrait of Ben Franklin
“ God governs in the affairs of man. And if a sparrow cannot fall to the ground without his notice, is it probable that an empire can rise without His aid? We have been assured in the Sacred Writings that except the Lord build the house, they labor in vain that build it. I firmly believe this. I also believe that, without His concurring aid, we shall succeed in this political building no better than the builders of Babel” –Constitutional Convention of 1787 | original manuscript of this speech.

AND THIS ONE:
Thomas Jefferson:
“ The doctrines of Jesus are simple, and tend to all the happiness of man.”

“Of all the systems of morality, ancient or modern which have come under my observation, none appears to me so pure as that of Jesus.”

"I am a real Christian, that is to say, a disciple of the doctrines of Jesus."

The reason why America is SUFFERING the way it is: financially, economically, socially, etc...is because it has turned it's back on what it USED TO BELIEVE IN: the Father, the Son, the Holy Spirit! America/AMERICANS have become the prodigal son. They said in their hearts, "Thanks God but 'we got it from here'"! And God said, "OK", if you 'think' so....'go for it'. And now you can see the results.

I think this quote says it best:
Thomas Jefferson:
“God who gave us life gave us liberty. And can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are a gift from God? That they are not to be violated but with His wrath? Indeed I tremble for my country when I reflect that God is just, and that His justice cannot sleep forever.” (excerpts are inscribed on the walls of the Jefferson Memorial in the nations capital) [Source: Merrill . D. Peterson, ed., Jefferson Writings, (New York: Literary Classics of the United States, Inc., 1984), Vol. IV, p. 289. From Jefferson’s Notes on the State of Virginia, Query XVIII, 1781.]

When Americans start thinking like those minds, then it will be a great nation, again. Unfortunately, people are being TRAINED differently so, that aint gonna happen!




posted on Nov, 24 2010 @ 09:50 AM
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reply to post by Phenomium
 


Yes, it would seem fitting to line them up and stone them with their own gold plated tungsten bars.
Make sure it's televised for the world to witness, perhaps you get 'some' justice and satisfaction.
The whole country and world for that matter has been robbed. Everyone should be OUTraged!

Violence you say?
This currency printed at will financed every war America ever fought.
It financed both sides of every war America fought.
The international bankster cabal must have been laughing all the way to 'their' banks.
When the parties over, the masks come off, the curtains ripped from their seams.

Oh, don't forget to pay your taxes!
Your tax master, the IR$ is waiting patiently for a 'subjects offering', a sacrifice of sorts.
Part 2; Revolt and Retribution.
Game over man, Game over.....
"They mostly come at night"
"Give me a five year, a five year old could figure this out", GrouchyMarx.

A new beginning.....
A new 'exist'ence.



no?
edit on 24-11-2010 by Perseus Apex because: (no reason given)



posted on Nov, 24 2010 @ 10:12 AM
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orders for durable goods just drooped the most last October, since jan 2009 some 3 plus percent, which of course indicates that there is no recovery going on here


FOR IMMEDIATE RELEASE
WEDNESDAY, NOVEMBER 24, 2010, AT 8:30 A.M. EST

New orders for manufactured durable goods in
October decreased $6.8 billion or 3.3 percent to $196.0
billion, the U.S. Census Bureau announced today. This
decrease, down two of the last three months, followed a
5.0 percent September increase. Excluding
transportation, new orders decreased 2.7 percent.
Excluding defense, new orders decreased 2.1 percent.
Transportation equipment, also down two of the last
three months, had the largest decrease, $2.9 billion or
5.2 percent to $52.3 billion. This was led by defense
aircraft and parts, which decreased $1.6 billion.


etcetera ecetera acetera
www.census.gov...
edit on 24-11-2010 by Danbones because: (no reason given)



posted on Nov, 24 2010 @ 10:21 AM
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reply to post by Danbones
 


The GAO is the only somewhat 'accountable' financial regulatory one could find.
Too bad they can't see the Fed books.
They report the figures provided 'for' them.

The credit rating agencies Moodys, Standard and Poorer had the insurance companies and banks it rated at triple AAA rating up to 3 days 'After' the last crash of 2008!
Dow jones newswire, PR newswire, AP (assoicated press) were busy at the wire disseminating mass deception, market manipulation and fraud all the way.....the NWO way that is.

Red flag folks? with a skull and bones insignia encompassed by a red dragon outlay with a Rotshield on it's arse.
Imagine.....that.
edit on 24-11-2010 by Perseus Apex because: (no reason given)



posted on Nov, 24 2010 @ 10:34 AM
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God people, CALM DOWN lol. FOREX and all the other indicative stocks have GAINED since they announced that, so it doesnt seem to mean anything, perhaps just a threat. anyway, even if China were to quit the dollar, they would have to release all of our debt, putting us in the black, making them lose trillions, and stop being an economic powerhouse, so theres NO WAY theyre quitting the dollar.



posted on Nov, 24 2010 @ 10:42 AM
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reply to post by beachguy123
 


What if the 'folks' were to discover that some of the TARP funds of which the banksters stole line and sinker, profitited from, paid massive unlawful bonuses from,,,,,were/are used to support the dow jones industrial average?

Market manipulation, fraud, conspiracy to defraud, high treason and treachery, etc. etc. What will it take, a citizens arrest? The 'authorities' appear to be blinded or lack the courage to do the right thing? Which is it? I suppose it will be up to the 'people' after all for the shephards are getting 'paid' to look a certain 'way'. This makes sense because it Is.....though that's the way it looks from here.

Just another conspiracy or too much information?
Well, without a thorough and 'Objective' audit, how would one know?
It is long past due for the 'people' to take the keys for their treasury 'from' the fed reserve.
They should all be in handcuffs and worse.

Oh, stArred and flAgged for the 'purpose' of it all.
I'm sure you agree.
Digressing.....
Agressed?

Later.....?
edit on 24-11-2010 by Perseus Apex because: (no reason given)



posted on Nov, 24 2010 @ 11:02 AM
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reply to post by bulletproof_monk
 


They're saying that they won't trade in the dollar...That just means they'll be holding onto it which can only be good, the more people sell the dollar the more it looks like they are trying to get rid of it, so this could actually be a good thing.

Jaden



posted on Nov, 24 2010 @ 11:27 AM
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reply to post by jrmcleod
 


Until China has that gold in hand, which it doesn't, no amount of debt they buy up will matter once the collapse happens.
Currently China is #7 in Gold reserves. The United States is firmly at the top with 8,139 tons of gold in its possession. Behind the US is Germany and the IMF.
China has stated that they hope to increase their Gold reserves by 10,000 tons in the next 10 years. We'll just have to see how adamant they are to get other nations to release their actual precious metals and not just bonds, which will be worthless should a World Economic Collapse occur.

Basically we're about to get into the world's most expensive and reckless pissing contest.
edit on 24-11-2010 by Mactire because: (no reason given)



posted on Nov, 24 2010 @ 12:31 PM
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EVERYONE THIS IS NOT A BIG DEAL. (this is a copy of my reply to the other post regarding this topic.)

I am sure you have heard this enough, but it is not major that they settle in their own currencies.

A $16 trillion economy does not use the USD to settle a majority of its internal trades (less oil). Can you guess what that economy is? EUROPE.

www.cia.gov...

Say someone in Spain wanted to buy a Mercedes. Would they convert their euros into dollars then buy the car, while Mercedes takes those dollars and buys euros? NO. This would require an elaborate scheme of forwards that would be costly and inefficient. The person in Spain buys a Mercedes in Euros, which are given to Mercedes.

I would start worrying when OPEC decides to not settle in dollars. I don't think we will see that happen any time soon. Also thats another reason everyone who is freaking about hyperinflation is wrong. Too many countries use the dollar for hyperinflation to be a realistic endgame currently. In the future this could change, but right now gold bugs are quite stupid. How do I know they are stupid? They exhibit the behavior of automatons. Whether gold is up or down, they buy gold. They completely ignore that we are not switching from paper money any time soon.

So the end story is: do not waste your money on gold right now. Once risk assets pick up again its price will fall. Right now it is getting pushed up by every major IBank pushing for $1600 gold. Remember $200 oil? What happened to that? Oh, yea. It went to $30.



posted on Nov, 24 2010 @ 12:35 PM
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EVERYONE THIS IS NOT A BIG DEAL. (this is a copy of my reply to the other post regarding this topic.)

I am sure you have heard this enough, but it is not major that they settle in their own currencies.

A $16 trillion economy does not use the USD to settle a majority of its internal trades (less oil). Can you guess what that economy is? EUROPE.

www.cia.gov...

Say someone in Spain wanted to buy a Mercedes. Would they convert their euros into dollars then buy the car, while Mercedes takes those dollars and buys euros? NO. This would require an elaborate scheme of forwards that would be costly and inefficient. The person in Spain buys a Mercedes in Euros, which are given to Mercedes.

I would start worrying when OPEC decides to not settle in dollars. I don't think we will see that happen any time soon. Also thats another reason everyone who is freaking about hyperinflation is wrong. Too many countries use the dollar for hyperinflation to be a realistic endgame currently. In the future this could change, but right now gold bugs are quite stupid. How do I know they are stupid? They exhibit the behavior of automatons. Whether gold is up or down, they buy gold. They completely ignore that we are not switching from paper money any time soon.

So the end story is: do not waste your money on gold right now. Once risk assets pick up again its price will fall. Right now it is getting pushed up by every major IBank pushing for $1600 gold. Remember $200 oil? What happened to that? Oh, yea. It went to $30.



posted on Nov, 24 2010 @ 12:53 PM
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reply to post by MGriff
 


China is the USA's bank...Therefor go ahead and get the USA to re-finance their mortgage!

It's about time other countries stop believing in the bully bullion system known as the USA and form new alliances with better strategies for importing and exporting and trading.

The USA did it to themselves, let them deal with their own BS corrupt system.



posted on Nov, 24 2010 @ 12:58 PM
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When did Russia and China even start using the dollar for bilateral trade? I am guessing China started in the 1950s because that is when their current government came into power, and Russia started using it after the collapse of the Soviet Union somewhere around 1990. So, it isn't that big of deal. It will drop the value of the dollar, how much I don't know, but definitely not enough to destroy the dollar. This move is probably better for the global economy and is definitely better for both Russia and China.

The real problem with this announcement is Russia and China’s pledge to "never become each other's enemy." That means when WWIII breaks out Russia and China get picked to the same team. That means all of Russia’s technology and vast resources go to China for the mass production of military goods, not to mention China’s ability to have a 100 million man army.



posted on Nov, 24 2010 @ 01:10 PM
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reply to post by jamiejames
 


I can't believe no one even commented on that,, my friend sadly u are indeed correct,,



posted on Nov, 24 2010 @ 01:11 PM
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obviously this isn't a big deal. Stocks are soaring today, completely erasing losses from yesterdays little korean war.

Nothing to worry about.



posted on Nov, 24 2010 @ 01:15 PM
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My understanding of currencies is meagre but would it not be a good thing for the US Dollar to tumble in value. It would mean more manufacturing at home, increased exports, increased tourism, less imports.

I don't see a downside, except maybe your holidays to Europe are gonna be more expensive, but then you don't come to Europe much anyway



posted on Nov, 24 2010 @ 01:16 PM
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reply to post by tooo many pills
 


I know the American dollar was no longer based on the amount of Gold that was in the reserve back in the 70's. Maybe this is when China and the Russia (USSR) began using the dollar as it entered into a world economy.

It doesn't really matter when it started. What is important, is that people realize that this is all a calculated event. Not just by the Chinese either.
edit on 24-11-2010 by Mactire because: (no reason given)



posted on Nov, 24 2010 @ 01:17 PM
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reply to post by MGriff
 

between USA & China, silent war is being activated: USA did run plans to reallocate their factories away from China, China has a plan to ruin dollar because most of advanced specialists have arrived in the USA from another countries for holy buckie sake



posted on Nov, 24 2010 @ 01:26 PM
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I would be very cautious of using todays market results to gauge the severity of this move by China and Russia. Or even the market results in the near future. This will be a slow fade to black. And in the mean time, is the Fed keeping the markets propped up. Or perhaps, trading may even increase in an attempt by traders to ease out what they can. Especially while the Fed has their back.

So I guess we can now see the results of the recent G20 summit, and Obamas standing amongst world leaders.



posted on Nov, 24 2010 @ 01:32 PM
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You are not understanding the meaning of this piece.

It means now the yuan trades as another pair against another currency, just this time it is ruble.

It does not mean they "quit" the dollar, whatever that means.



posted on Nov, 24 2010 @ 01:56 PM
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Originally posted by xxshadowfaxx
obviously this isn't a big deal. Stocks are soaring today, completely erasing losses from yesterdays little korean war.

Nothing to worry about.


Wow just wow
it might behove you to study market trends before the crash of 29... But I am sure you post will appeal to the ostrich crowd...






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