The demise of the dollar

Why would cnbc say thier dumping the dollar, then change thier story? Usuaklly, its either unconfirmed info resulting in a hoak someone started OR thier hiding last minute info form the public...kinda like the feds knew bin laden and the planes crashing into twin towers, WWII, the government kinda KNEW the japanese were going to attack, but the info was never passed on, and the public was never informed about it...
IS this the case? hoax? hiding stuff?

reply to post by ziggy1706
I would guess the lying has, and will continue, till you see the flash in the distance...

CNBC reminds more of a entertainment channel, than a news channel, so nothing surprises me coming from them...

The Market indicators can't make-up their minds now either...they started to do a 180 and now are kind of hovering between the lows and the highs after the retraction came out... :shk:

[edit on 10/6/2009 by Hx3_1963]

This is the signal for the beginning of hyperinflation if all those dollars start coming home to roost.

Fine. If this is the way it's got to be, bring it ALL home.

Bring our manufactoring home,

Bring our Troops home,

Bring our Technology home,

Bring our Food home,

Bring home all the money we give damn near every nation in this world.

Bring it Home baby. Bring it Home.

Originally posted by loam


Moving to another currency would also bury other sins...and offer real opportunity for those on the inside or in the right place at the right time.

The only question I wonder about is whether the shift will happen abruptly or more slowly over time?

The shift will happen during this and the next millennium. The dollar has been always misbehaving. Here's a "snaphot" of it taken in 1987.

The drop in the dollar over the last two years, which has helped make U.S. goods much less expensive in international markets while putting pressure on foreign producers to boost their prices, is finally expected to start producing a visible improvement in the U.S. trade picture this year.

archives

China, Japan and France are in meetings right now deciding the dollars fate. Stay tuned for the decision, but remember: the USA always, and I mean always wins!

Just like Vietnam . And the Olympics.



[edit on 6-10-2009 by Drexl]

Originally posted by PenandSword

Originally posted by chi_z
this just in:

Damn! In addition to the raping of trillions off the backs of Americans, the Illuminati are skimming 30 percent off the top in an exchange. How nice!

Add the usual 2.5% currency exchange float that the banks take home on top of that. Banks love having many currencies because they skim percentages each time a currency conversion is made. Having many currencies is not of a great benefit to the ordinary consumer.

Governments are far more clever than our little computer predicting tools, they are probably laughing and sitting with their feet on their highly polished desk laughing at our speculations while they smoke their $100 dollar Cuban cigars.

[edit on 10/6/2009 by krystalice]

[edit on 10/6/2009 by krystalice]

[edit on 10/6/2009 by krystalice]

I don't know why some are in denial over this, and equally why others are predicting the end as we know it.

The Dollar IS losing international value and the SDR WILL replace as the standard for Gold, Oil and most other International trades of interest. This isn't conjecture, it's fact.

SDR stands for Special Drawing Rights and was thought of first by the IMF (International Monetary Fund) in 1969 to support the Bretton Woods fixed exchange rate system, basically as the reserves of Gold and the US Dollar were already seen to be failing.

It is, in essence, a way to move toward the fabled "Amero" as the Euro has all but taken the same role as SDR in setting values across various currencies. Chances are that it will not replace the Dollar, but the value will drop further as Gold soars and America's purchasing power, through the use of SDR, will become limited.

At the end of the day, regardless of what currency replaces another - it's still printed out of nothing or typed into existence on a borrowing network. This is also true for Gold, so don't put all your stock here either. The last thing a starving person needs is a gold bar to... chew on?. No, nobody in the course of human history has ever needed Gold. I hope that it ALL collapses for the sake of common sense. In the meantime do look into SDR and what they're planning ... my prediction? Well since this boards full of them - January '10 see's SDR replacing Dollar & Gold standard - a fake value replacing every other fake value and like horologist endorsing moody Rolex's, the worlds Governments will tell us it really is valuable. Del Boy economics at its finest.

[edit on 6-10-2009 by Pr0t0]

[edit on 6-10-2009 by Pr0t0]

We need a gov't with some sack, if you'll pardon my straightforwardness. I want Andrew Jackson or Lincoln back. SHUT DOWN THE FED. I want to see several hundred sobbing Wall Streters frog-marched in orange jumpsuits to a real PMITA prison.

It might not be too late. Let all the banks fail, reimburse the "little guy's" deposit. Cut off the credit binge, but bring some manufacturing back home so people could earn real money making real things rather than borrowing it. Stuff like that. Lincoln stared down a boardroom of Bankers who came to him expecting be asked to borrow money for the civil war. Their jaws dropped when he midly told them he'd sooner cut off his right leg than borrow from them, and that he would be making a new national currency. Andrew Jackson shut down the first US Central bank against howls of protest. He also warned future generations of Americans sternly and specifcually to never borrow from foreigners or that would be the end of the Repubic. Guess we blew that one big time, too.

President Thomas Jefferson said: “I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

BOLD MOVES, PEOPLE. Why all this simpering and pandering to the same old crowd? We need leaders who can man up and make fast, hard decisions. That's how history gets made. And in the end if the government can't deliver men like that then one way or another, for better or worse, they will rise up and take action because that's what leaders do: they act.


[edit on 10/6/09 by silent thunder]

Originally posted by ziggy1706
Why would cnbc say thier dumping the dollar, then change thier story? Usuaklly, its either unconfirmed info resulting in a hoak someone started OR thier hiding last minute info form the public...kinda like the feds knew bin laden and the planes crashing into twin towers, WWII, the government kinda KNEW the japanese were going to attack, but the info was never passed on, and the public was never informed about it...
IS this the case? hoax? hiding stuff?

CNBC is nothing other than financial pornography. Please view it as nothing more...

Originally posted by johnny2127
CNBC is nothing other than financial pornography. Please view it as nothing more...

And perhaps too much of it will turn into an obsession and a lack of moral reality

[edit on 10/6/2009 by krystalice]

[edit on 10/6/2009 by krystalice]

I am not very clued up with how the money system works. Would someone be kind enough to explain what possible outcomes could happen (if the dollar is dropped by said nations) to other countries than the U.S. I live in the UK. How/would this effect us over here.

Thanks

Ed

Originally posted by Erasurehead

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.

Secret meetings?

This is the proof that this has been planned all along. The collapse of the dollar has been engineered by our enemies and they had help from the inside. The financial collapse and the bailout was all part of the plan. This is the beginning of the end.

Engineered by 'our' enemies? Yes correct.

But you seem to be infering though that it is other nations which have done this - not so - this has been engineered within the UK, US and EU - these guys don't care about any nation, and don't belong to one. They control the banking systems - and I think they are using it to collect all the prime real estate - they are bankrupting mortgage holders, and setting aside that real estate, protected by government money.

One bank to examine closely is Barclays Bank - which apparently holds 60% or more of the worlds silver. The value of silver is going to go off the charts soon - next few years - that holding of silver will be incredibly valuable. Barclays also managed to create a new entity to hold its 'toxic' assets, which I am starting to believe is simply not true - that the mortgages were the prize that was intended all along.

Originally posted by eddiemaiden_80
I am not very clued up with how the money system works. Would someone be kind enough to explain what possible outcomes could happen (if the dollar is dropped by said nations) to other countries than the U.S. I live in the UK. How/would this effect us over here.

Thanks

Ed

No problem Eddie. The US dollar is used as the world reserve currency. What this means is that international trade is always priced and settled in US Dollars. For this to be possible, nations all over are forced to buy or trade their currencies for US dollars, either in the form of US Treasury bonds, or dollars themselves. That is the linchpin. The fact that as the system is set up now, countries have to buy dollars and/or US Treasuries has caused what economists like to call 'artificial demand'. Given the supply and demand nature of economics, artificially high demand also props up dollar values more than what otherwise would happen. So, after our largest trading partners no long have to buy dollars and/or US Treasuries, there is less demand for dollars and treasury bonds at the exact time in which the US govt is printing more money and trying to borrow more. This consequently raises the supply of dollars just as demand is dramatically reduced.

Given that the US buys most of its good from other nations, a massive dollar devaluation then makes everything we buy overseas cost more since our dollars aren't worth as much to them anymore. This then causes inflation and makes things more expensive to US consumers. This then causes more economic contraction, reduction in corporate profits and revenues, more job losses, less tax revenue for the govt, food and goods shortages, etc... In essence, this turns into an economic war. And if history is any indication, economic wars such as these tend to turn into military wars.

That make sense?

reply to post by johnny2127


That makes sense now, thank you for explaining it to me. Quite a scary thought this may lead onto WW3.......

About time too! The US dollar has been fraudulently propped up for a while now and to only the benefit of the US.

There is nothing backing that dollar. NO gold reserves, no oil reserves, no...nothing.

why should it be the standard. I'd rather invest into something substantial, and with a 10 trillion dollar debt and climbing, you can bet that America is not a good investment.

Originally posted by eddiemaiden_80
reply to post by johnny2127

 

That makes sense now, thank you for explaining it to me. Quite a scary thought this may lead onto WW3.......

Who knows what will happen. One would assume the US govt has known about this going on. So I am sure there are discussions going on.

The problem though is that the US has borrowed far too much money. Daily right now the US has $500 million in interest payments for the money its borrowed from the govt overspending. To get out of that, we need to do one of 2 things:

1) Inflate our way out of the debt issue. This works by devaluing the US dollar compared to other currencies, so we do pay them back but the dollars aren't worth as much so the US comes out of it better.

or

2) Grow our economy so much that we generate more tax revenue that the govt actually uses to pay off debt.

Number 2 isn't happening anytime soon. And number 1 working requires the US to continue having its dollar dominance. So these countries are basically saying they will not let the US inflate its way out of paying them back the same value they put with us. So they are taking back their ability to not be beholden to the dollar devaluation.

Also, if you are worried, the ways to hedge against inflation and dollar devaluation, is buying commodities and metals (gold, silver, platinum, etc).

Originally posted by TiM3LoRd
1 Australian dollar = 0.8771 U.S. dollars

Invest in Aussie dollars lol

just kidding i think the whole worlds will feel the crunch WHEN the us dollar falls. Your cant print trillions of dollars and it not have an impact. Time to pay the piper lads.

actually OZ just raised its interest rates, so i think a play in aussie dollars is a good move

at least that shows some fiscal restraint on their part

plus the aussie buck is farily resource rich. you could do worse.

reply to post by Finalized


Cue ET disclosure and US-led emergence of a new technological economy?!?

Apart from invading ALL these countries, just like the US did three months after Iraq started trading oil in Euros (by the way the first thing coalition forces 'liberated' was the Irqai-petro-dollar from the clutches of the evil Euro), this surely MUST be the only solution to avoiding conflict and the demise of the Dollar and the USA.

Think about it...

If you're Obama, you need stable longevity for your country's economy and you have the means to provide it.

if you disclose ET technology you have (at least) a possible two more than likely outcomes, in a nutshell:

1. Disclosure is given, granting the emergence of US-led economy. Stockpiled intelligence and new energy technologies are given to a not-so-obvious cartel of US companies who, of course, keep all interests in-house (in-country).

2. Disclosure enables other economies to start developing their own technologies and we ALL move away from oil. Foreign plans to cease trading oil in dollars are shelved as a new focus on ultra-green energy, propulsion systems and fuel become priority #1.

Hiccups caused by any mix of the aforementioned countries trying to get the best of both worlds would of course occur.

Alternatively and potentially more intriguing would be if this is a co-ordinated and elaborate plan to persuade (force) US disclosure and move the world away from needing a petro-dominated world...

Just my penny's worth

Edited for typos!

[edit on 6/10/2009 by TailoredVagabond]