World Prepares to Dump the Dollar

Originally posted by marg6043
reply to post by RetinoidReceptor

 

Or they get away with having no only the dollar as the worlds main currency but others also.

That is what China wants to prop their currency along side the dollar.

We have to understand that China is buying vast amounts of natural resources the only reason they are doing that is to be able to have material wealth to back their currency.

The way the US used to do back in the days with the gold now all US have to back its currency is the good will of the American people.

That could happen. I am not saying there won't be some sort of change, as I believe there will be...but not in the way that YOU guys are contemplating with countries just dumping the dollar plunging the world into financial crisis....again....

reply to post by whoshotJR


That is the old ways, the markets are to big to fail a war will only bring more devastation to an already depleted world.

Iraq was to do that to the US bring prosperity, but one catch only the few got the profits.

The rest of the nation got a military defense complex eating monster after the privatization and the tax payer got the bill.

Originally posted by whoshotJR
The easiest way out of this is the one they will take and that's war. Not a little bombing like Iraq but a big war like China/Russia.

After the war is over you sign a peace treaty that also happens to ratify all debts owed and clears our books.

Do you really believe you could do such a thing in this days of age?

Nah! impossible! - if you did that! the world would unite against you!

reply to post by warrenb


Well said Warren, the writing has been on the wall for some time now. the present bull DOW market has surged past 9000, it is a joke, we all know it. The world has no confidence in the dollar any more and quite rightly so.
Time for us all to withdraw all our money and sink the banks. Imagine if everyone cleaned their accounts out, it would cause a serious set back to the plans of the NWO.

POWER TO THE PEOPLE,

PEACE,
RK

reply to post by jjkenobi


Buy gold for your dollars, the price may seem high now, but when the dollar collapses, it will surge, thus protecting your "wealth"

DYOR

PEACE,
RK

reply to post by Rigel Kent


Your logic is flawed my friend.

What currency does the world have faith in then?

The manipulated Yuan as well? Or perhaps the EURO? Since most countries that support it are in far worse shape than us.

And pulling all the money out of the bank and putting it into gold is honestly ridiculous. Good luck tying all your money to a commodity that has violent price moves and is at a historically high price.

Sorry, but that is terrible advice IMO.

Originally posted by mikerussellus
Please forgive the ignorance, but what does that mean for us? "We the Peons..."

I do know it isn't good, but in basic nut and bolts, how will the average american be affected?

Let me illuminate the things going on in the back ground.

The end result will hyperinflation, a crashed stock market,
and crashed bond market, and no one accepting dollars
for the many things we used to import.

Now I present the evidence for these statements.

It has been confirmed by other news sources now that the
$134 billion in US bonds were likely real, and the japanese
men sneaking them around were likely japanese ministry of finance.

If that is true and they are trying to quietly dump them on the
market and other countries start doing it, we don't have long and
it is likely the trigger event for the Wall street journals mentioned
upcoming nationwide bank shutdown.

*** The two below say that the two japanese men stopped
with supposedly fake bonds were released...And if they
had been fake they would have broken the law and be
held on counterfeiting charges.
This says the japanese are dumping US bonds secretly
to get off the ship before it goes beneath the waves...

www.freerepublic.com...

market-ticker.denninger.net...

*** Below says US foreign Embassys are being told to horde
1 years worth of non-US currency due to a possible
lengthy banking shutdown.

www.marketwatch.com...

Speaking of shutdown, 7 banks in one day went poof...

www.fdic.gov...

FDIC top level official says bank closures to increase 10 fold.

moneynews.newsmax.com...

The unofficial troubled bank list as of 30 march 2009 ( 4 months old )
It is worse now than the march list shows.

bankimplode.com...

Over 1,000 Trillion in derivatives are set to implode.

theinternationalforecaster.com...

There is more going on, but with this Triumvirate of Destruction
the rest just becomes piling on.

Prepare accordingly !

Good Luck to you all !

reply to post by Ex_MislTech


Good post.

Good collection of data presented as usual.

Originally posted by GreenBicMan
reply to post by Rigel Kent

 

Your logic is flawed my friend.

What currency does the world have faith in then?

The manipulated Yuan as well? Or perhaps the EURO? Since most countries that support it are in far worse shape than us.

And pulling all the money out of the bank and putting it into gold is honestly ridiculous. Good luck tying all your money to a commodity that has violent price moves and is at a historically high price.

Sorry, but that is terrible advice IMO.

Bankers and politicians from any shore are not to be trusted,
but the ruse is this, the world is tired of US hegemony and
they are ready to be the ones pulling the strings.

A few of them have banded together and are making things
happen to move in that direction.

All empires fall, and the US empire of 700+ bases in 130+ countries
is starting to fade into the history of what was the formerly late great USA.

I cover some of the factors that are being leveraged to bring this
all to a coordinated crisis in the next several weeks in my prior post.

reply to post by Ex_MislTech


You are incorrect in the fact that if they were fake they would be in trouble.

It is not a law in that country.

I posted a link to the WSJ in a separate thread confirming this.

Originally posted by Rigel Kent
reply to post by jjkenobi

 

Buy gold for your dollars, the price may seem high now, but when the dollar collapses, it will surge, thus protecting your "wealth"

DYOR

PEACE,
RK

I recommend junk silver as they say over on survival blog, read their
reasons on survival blog and you will see the sense of it.

Also silver does not have as far to fall as gold.

Gold can fall from near $1,000 an ounce to its prior historical low
of $20 an ounce and ppl will be very much out of luck.

You ever ask why all these ppl are paying thousands of dollars
for commercials to sell their gold ?

I'd say silver is a safer bet at a current price under $20 an oz.
with odds of it going below $5 an oz. being VERY low.

Originally posted by Ex_MislTech

Originally posted by GreenBicMan
reply to post by Rigel Kent

 

Your logic is flawed my friend.

What currency does the world have faith in then?

The manipulated Yuan as well? Or perhaps the EURO? Since most countries that support it are in far worse shape than us.

And pulling all the money out of the bank and putting it into gold is honestly ridiculous. Good luck tying all your money to a commodity that has violent price moves and is at a historically high price.

Sorry, but that is terrible advice IMO.

Bankers and politicians from any shore are not to be trusted,
but the ruse is this, the world is tired of US hegemony and
they are ready to be the ones pulling the strings.

A few of them have banded together and are making things
happen to move in that direction.

All empires fall, and the US empire of 700+ bases in 130+ countries
is starting to fade into the history of what was the formerly late great USA.

I cover some of the factors that are being leveraged to bring this
all to a coordinated crisis in the next several weeks in my prior post.

You are saying a lot, but what is the point you are trying to make?

Can you refute what I am saying?

I don't care what other say, I am interested on what these countries would switch to and how they would accomplish this?

You can say anything you want about empires fall etc.. but I am talking about the current world situation and what situation this country is in compared to the others that are supporting this. And remember China needs us a lot more than we need them at this current point in the game.

I am not being derogative in my comments, but I am looking for a real counter-argument to what I am presenting. I have posted many posts about how this is all disinformation campaign against the US Dollar and so far I really haven't seen anything that would sway my opinion.

Nothing will happen. Everything is as it always has been since the beginning.

Then again, with the collapse of the dollar, the US won't be able to help Israel.

With the US down the toilet and out of the picture: Iran, Lebanon, Syria, Russia, China, etc. will smell blood and go after Israel.

Then comes the "Samson Option" deployed by Israel which will turn the middle east into a wasteland of glass and charred rubble.

Bring it on.

reply to post by GreenBicMan


Now I remember why I had you on ignore

Ah well, back to putting you on ignore

Originally posted by GreenBicMan
And remember China needs us a lot more than we need them at this current point in the game.

Not to mention China DEVALUES its Yuan against the dollar. Why would they want the Yuan to appreciate exponentially against the dollar all of a sudden?

reply to post by warrenb


Yes, the factual evidence hasn't been of very much interest to you I have found.

reply to post by John Matrix


Sorry to burst your bubble but I see Israel been ignore more than been seek after, Israel have nothing that any of those countries wants or need.

Originally posted by GreenBicMan
reply to post by Ex_MislTech

 

You are incorrect in the fact that if they were fake they would be in trouble.

It is not a law in that country.

I posted a link to the WSJ in a separate thread confirming this.

Counterfeiting is a crime, that is why they were initially jailed.

Italy, the US, and Japan have interdiction treaties.

Read this article and the fact the Italians took the time to spread
the bonds out and photograph them, you will notice the articles
title points to the fact that is a crime.

I think you need to read your own sig.

$134 billion in US bonds are fakes or not ???

Further details on the fake/real bond issue

Even if you were somehow right, you do not address the other
issues which buffet himself has spoke out against the derivatives
disaster that is coming.




[edit on 24-7-2009 by Ex_MislTech]

reply to post by Ex_MislTech


No, I am correct my friend. I promise, I dont have the time right now to go link it, but if you look through the threads I started (only a few) you will see the link there.

You will have to explain the derivatives bubble as well. What derivatives are we talking about?

The fact is (and this is all IMO) that we are turning the corner (or did a couple months ago) and you will be suprised 6-18 months down the line we are in just as good if not better shape than we have ever been in this country. The market is telling us things are turning, and you can expect this to happen on "main st." again anywhere from 6-18 months down the line.

I have a lot of faith in my argument, and I believe it is rock solid. I wouldn't state this otherwise. I know you feel the same about your side, so I will just present my opinion I suppose.

Originally posted by GreenBicMan
reply to post by Ex_MislTech

 

No, I am correct my friend. I promise, I dont have the time right now to go link it, but if you look through the threads I started (only a few) you will see the link there.

You will have to explain the derivatives bubble as well. What derivatives are we talking about?

The fact is (and this is all IMO) that we are turning the corner (or did a couple months ago) and you will be suprised 6-18 months down the line we are in just as good if not better shape than we have ever been in this country. The market is telling us things are turning, and you can expect this to happen on "main st." again anywhere from 6-18 months down the line.

The derivatives are the ones buffett mention right here back in 2007:

Buffett burned by derivatives calls them a ticking timebomb

Buffett doesn't get fooled often so the ruse has to be pretty good.

It was $516 Trillion with a T back in 2007, it is double that now.

Derivatives is what took Iceland into the toilet, then lower.

As for us turning the corner, you are TOTALLY right, but I think
you will find it is not a turn for the better.

FDIC chair says bank failures to increase 10 fold

348 banks in the red or orange zone

Optimism sometimes runs afoul of reality.

I wish you were right, but too many professionals are speaking out.

9 reasons the economy will not recover soon

Economist predicts another stock crash this fall

These do not point to good times ahead.

[edit on 24-7-2009 by Ex_MislTech]