reply to post by 1947flxible
China, Japan to Back Direct Trade of Currencies - Dec 26, 2011
Japan has indeed entered into an agreement to drop the dollar in currency exchange with China and has expressed interest in melting into ASEAN. Japan
has also struck somewhat similar though slightly more limited deals with India, South Korea, Indonesia, and the Philippines almost simultaneously.
Japan, India Seal $15 Billion Currency Swap Arrangement to Shore Up Rupee - Dec 28, 2011
Japan agreed to make $15 billion available to India in a currency swap arrangement as Europe’s deepening debt crisis threatens to curtail developing
Asia’s access to dollar funding.
Japanese Prime Minister Yoshihiko Noda renewed a bilateral swap agreement with Indian Prime Minister Manmohan Singh in New Delhi today. The two
nations had signed a $3 billion accord in June 2008 that has since expired. Source
New "Asian Union" Means The Fall Of The Dollar - Dec 31. 2011
The two largest foreign holders of U.S. debt and Greenbacks will soon be in a position to tap into an export market far more profitable than that of
America, and that all of this trade will be facilitated by currencies OTHER THAN THE DOLLAR. It means the end of the dollar as the world reserve and
probably the end of the dollar as we know it.
Japan’s inclusion in this process was inevitable. With its economy already in steep deflationary decline, the Yen skyrocketing in value against the
dollar making exports difficult, as well as the ongoing nuclear meltdown problem at Fukushima, the island nation has been on the edge of complete
collapse. Its only option, therefore, is to sink into the chaotic sees, or float like a buoy tied to an Asian Union. There can be absolutely no doubt
now that Japan will soon implement the latter solution.
The dilemma at this point becomes one of timing. Now that we are certain that two of the largest economies in the world are about the dump the
Greenback, what signals can we watch when preparing for the event?
My belief is that the trigger will come squarely from the U.S. and the Federal Reserve, either as legislation to heavily tax Asian imports, a renewed
threat of further credit downgrades like that which S&P brought down in August, or the announcement of more open quantitative easing. Any and all of
these issues could very well arise in the course of the next 6-12 months, QE3 being a basic no-brainer. ASEAN could, certainly, drop the dollar
immediately after their central bank apparatus is put in place, resulting in a much more volatile trade war atmosphere (also useful for full global
centralization later down the road). The point is, we are truly at a place in our economic life when ANYTHING is possible.
My hope is that as our predictions in the alternative economic community are proven correct with every passing quarter, more Americans will take note,
and prepare. I can say quite confidently that we have entered the first stages of the catastrophic phase of the economic implosion. All the fantastic
and terrible consequences many once considered theory or science fiction, are about to become reality. Source
Japan Earthquake 2012 Was A Warning Not To Threaten US Dollar
edit on 24-1-2012 by
awakehuman because: (no reason given)