It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: Weisshaupt on January 23, 2012, 11:12:11 AM

Title: Dollar Being Isolated
Post by: Weisshaupt on January 23, 2012, 11:12:11 AM
More milestones on the march to loosing the world's reserve status

UAE and China

Quote
The currency swap agreement between China and the United Arab Emirates [UAE] signed during Premier Wen Jiabao’s tour of the Persian Gulf region ending today, will raise eyebrows in the western capitals, especially London and Washington. The list of countries with which China has such deals is slowly and steadily lengthening and this is the first such deal with a Gulf Cooperation Council [GCC] state.
 The deal with the UAE is worth $5.5 billion — bilateral trade was $36 billion last year with Chinese exports accounting for two-thirds — and aims at “strengthening bilateral financial cooperation, promoting trade and investments and jointly safeguarding regional financial stability”, according to the Chinese central bank. China is, in essence, providing ’seed money’ so that businessmen wouldn’t need to convert every transaction into dollars, thereby lowering the foreign exchange costs. (http://blogs.rediff.com/mkbhadrakumar/2012/01/19/china-tiptoes-into-petrodollar-recycling/)

Iran and India
Quote
"India  and Iran have agreed to settle some of their $12 billion annual oil  trade in rupees, a government source said on Friday, resorting to the  restricted currency after more than a year of payment problems in the  face of fresh, tougher U.S. sanctions."  (http://www.zerohedge.com/news/india-joins-asian-dollar-exclusion-zone-will-transact-iran-rupees)

Iran and Russia
Quote
"Iran and Russia replaced the U.S. dollar with their national currencies in bilateral trade, Iran’s state-run Fars news agency reported, citing Seyed Reza Sajjadi, the Iranian ambassador in Moscow. The proposal to switch to the ruble and the rial was raised by Russian President Dmitry Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization, the ambassador said. (http://www.zerohedge.com/news/russia-iran-proceed-bilateral-trade-drop-dollar-russian-warships-park-syria)

Russia and China
Quote
in the first summit of the so-called BRIC countries." And judging by the market's reaction, and the dollar resurgence overnight it appears that everyone has read through this as just posturing. Furthermore, keep in mind that Russia was not even a top 10 trading counterparty of China in 2010. If China does the same with any of its top 10 partners then there may be a reason to worry. For now, China is merely testing the waters, and has absolutely no intent on isolating the US, nor making its nearly $3 trillion US FX reserves lose a double digit percentage of their value overnight. (http://www.zerohedge.com/article/much-ado-about-nothing-china-russia-drop-dollar-bilateral-trade)
- But don't worry, its just posturing. Until it isn't.

China and Japan
Quote
Japan and China will promote direct trading of yen and yuan without using dollars and will encourage the development of a market for the exchange, to cut costs for companies, the Japanese government said. Japan will also apply to buy Chinese bonds next year, the Japanese government said in a statement after a meeting between Prime Minister Yoshihiko Noda and Chinese Premier Wen Jiabao in Beijing yesterday. (http://www.zerohedge.com/news/worlds-second-and-third-largest-economies-bypass-dollar-engage-direct-currency-trade)"

And this is of course in addtion to the BRICS Agreement  (http://economictimes.indiatimes.com/news/economy/policy/brics-credit-local-currencies-to-replace-dollar/articleshow/7979273.cms)  and the coming  plan to  end the sale of oil in dollars  (http://www.guardian.co.uk/business/2009/oct/06/oil-us-dollar-threat-to-america)

Quote
"Chinese financial sources believe President Barack Obama is too busy fixing the US economy to concentrate on the extraordinary implications of the transition from the dollar in nine years' time. The current deadline for the currency transition is 2018," added.

Nothing to see here. These attempts are really ust getting a system of trade in place before the dollar goes away, to lessen the impact of it. The dollar is still the major reserve currency overseas and there is only so fast that can change. They may be able to keep it ( and the euro) afloat so that the dollar dies with a wimper instead of the bang, but die it will, and we will be left with 16+ Trillion in debt and 30-60 trillion in liabilities we need to pay for in a circumstance where we have lost reserve status and we can't just print our way out and export the problem.

That which cannot continue, won't.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 23, 2012, 11:16:58 AM
What kills me is people thinking some other currency is any less fiat than ours...all currencies are built on a mountain of fog, suck the fog out of one, people will have ideas about another...next thing you know a little currency war turns into a real shooting war.

Oh well, gotta pass the time somehow...

 ::)
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on January 23, 2012, 12:35:40 PM
What kills me is people thinking some other currency is any less fiat than ours...all currencies are built on a mountain of fog, suck the fog out of one, people will have ideas about another...next thing you know a little currency war turns into a real shooting war.

Oh well, gotta pass the time somehow...

 ::)

Fiat is like the rule of Kings.  You have the right King in place, and the kingdom is stable, the people are free, and the government is far more efficient than anything we can do with a Democracy.  Of course, what we lack is a decent method of picking Kings.

A Fiat system administered with the wisdom of our Mythical Good King, would work fine, just as a kingdom works fine. Geither/Bernake and Greenspan were not good Kings. And how ever ever got off othe gold standard when the Consititution  clearly mandates it, I will never understand. If I don't pay my taxes, can't I argue that the government expects them to be paid in and pay taxes in an  illegal currency? I am no lawyer, but I expect at some point that did go to court and the court laughed and said, oh that bit of the Constitution? We excised that, just like we did the 9th and 10th amendments. Now pay us (in U.S. Mint  gold coins at $20 value if you want)  or go to jail.   Now there was a case where an employer DID pay in U.S. Minted Gold and silver (http://www.lvrj.com/news/46074037.html), and of course the Fed has been harrasing him for years, but he has yet to loose in court.  I paid them  $400 of 100% legal U.S. currency, and they owe taxes ( paid in fiat of course) on $400 dollars.  The price of the gold in the coins is irrelevant. They are worth $20 each in U.S. currency.  Now if only I could get my liberal employer to go along.
 
Anyway...  other currencies are Fiat, but if they are administered by better kings,  that may be a better bet, even if they aren't a much better bet.  That was basically the thinking that allowed the dollar to become the reserve in the first place. Which govt do I trust to keep the currency more stable? My own, or the U.S. Government.  In Argentina you were an idiot if you trusted the govt to do the right thing, and dollars (in cash) were the right thing to hold. Better than gold in many cases as the .999 pure stuff was accepted at "junk gold" jewelery rates as there was no easy  way to verify the purity.  We are in a race to the bottom now, but that doesn't mean someone isn't marginally better. In fact that is what Russia and China are couting on.. being the last man standing, and the worlds new reserve by default of the others.
 
I expect the interconectedness of things will still cause a worldwide depression as the dollar fizzles (after all we are a major market),  but  countries which  have agreements in place will at  least allow them to continue trading even if the dollar drops out suddenly. All that is needed is a stable medium of exchange ( and by stable I mean predictable - 3% inflation is fine as long as I know its 3% and will continue to be 3%.. Even gold and silver backed currencies can't promise that - the gold and silver rushes would cause economic havoc.. and yes the Federal reserve has an excellent record ( up till Nixon took us off of gold completely and even then some time after - wish I could find that link again- it was a good chart) of keeping the money value predictable..

Bototm line, a managed fiat system can, in theory, be a better currency system than one based on metals with potentially unpreditable production numbers, just as a Kingdom can, in theiry, be a better system of government than a Democracy or a Republic. The problem is, has been, and always be, in finding the people who can make them so. As that is the case, you pick from the alternatives you have, not the ones you wish you had, and that might very well be another system of fiat - doomed in the long term to failure by human failings, but pretty much everything humans do is.  Good enough for now  (or if you prefer "good enough for government work" ) is usually the best we can achieve.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 24, 2012, 07:54:01 AM
I have no issue with what you are saying, but the key thing is the "peg", without the "peg" any fiat currency can kiss stability goodbye.  The dollar became the world currency "peg" because it was the strongest and most stable, and was so for quite a while.  Now, if nations decouple from the dollar, they are basically saying two things - our currency is stronger and more stable & the dollar is weaker and less stable.  If more and more nations decouple form the dollar the immediate effect will be a dollar in freefall.  Once that happens the "fog" as I call it is sucked out.  The ripple effect in our economy will be felt world wide, putting pressure on these independent currencies or whatever new pegs may exist.  Then there's the big fugly monkey in the corner, our national debt.  Our bondholders will quickly demand repayment, but in what?  The exchange value will be ridiculous.  Either the other nations take it in the shorts and get paid in worthless dollars or they wait for the dust to settle and negotiate new terms.  What if we just say screw it, were bankrupt, you got nothing but pulp in your hands?  And some point the pain cannot be escaped by those currently running away, and at some point financial pain can translate into shooting wars and real pain.  If I just got stiffed by someone who owes me, I might figure it is better to take some assets (land & resources) by force than accepting worthless currency, new empty promises or a raised middle finger.

PS-Love the idea of being paid in US gold coins and only owing taxes on the face value!!!

 ::whoohoo::
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on January 24, 2012, 04:06:40 PM
 India agrees to pay GOLD for OIL with Iran. (http://www.debka.com/article/21673/) But don't let anyone tell you that outdated shiny rock, a relic from ancient history, will ever be used as money again. You are fool to buy gold when you can hold dollar denominated assets. Gold is in a bubble. Get out now!  ::smalldeadhorse::

Quote
India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile's intelligence and Iranian sources report exclusively.  Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran's total exports of 2.5 million bpd. Both are superpowers in terms of gold assets. By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank's assets and the oil embargo which the European Union's foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran's oil exports.

Move along. Nothing to see here.





Title: Re: Dollar Being Isolated
Post by: Libertas on January 25, 2012, 07:37:41 AM
Heh.  Amounts that large can't be hidden too easily...wonder if we (or Israel) could intercept the payment!

 ::evil::
Title: Re: Dollar Being Isolated
Post by: HenryJennifer on February 08, 2012, 01:49:33 AM
I won't believe it, it's next to impossible.
Title: Re: Dollar Being Isolated
Post by: Pandora on February 08, 2012, 10:22:09 AM
You don't believe what?
Title: Re: Dollar Being Isolated
Post by: IronDioPriest on February 08, 2012, 10:24:24 AM
You don't believe what?

I think Trap already got 'im. Go read his siggy in his profile...

 ::hysterical::

I think if this one doesn't come back within a day or so, we can safely delete the account.
Title: Re: Dollar Being Isolated
Post by: Pandora on February 08, 2012, 10:30:08 AM
You don't believe what?

I think Trap already got 'im. Go read his siggy in his profile...

 ::hysterical::

I think if this one doesn't come back within a day or so, we can safely delete the account.

Don't have to; it's right there in the bottom of his post.  I did check his profile, though, and figured either you or trap slapped him, but decided as long as he wasn't deleted, engaged on the chance he might respond.
Title: Re: Dollar Being Isolated
Post by: IronDioPriest on February 08, 2012, 10:58:00 AM
....Don't have to; it's right there in the bottom of his post...

I forgot to take my anti-moron pill this AM.
Title: Re: Dollar Being Isolated
Post by: Pandora on February 08, 2012, 11:01:19 AM
....Don't have to; it's right there in the bottom of his post...

I forgot to take my anti-moron pill this AM.

It ain't that; you're OLD NOW.  Not as frail and forlorn as you'll be next birthday, but accept it, approaching antiquity.  ;D

Oh, and Gunsmith told me to warn you that the AARP will begin contacting you this year ... in preparation for next year's approaching fossil-hood.
Title: Re: Dollar Being Isolated
Post by: Libertas on February 08, 2012, 11:43:06 AM
AARP, Amerikan Association of Retarded Progressives!

 ::mooning::

Title: Re: Dollar Being Isolated
Post by: Libertas on February 08, 2012, 11:44:33 AM
BOT - More currency collapse warnings...

http://www.zerohedge.com/news/guest-post-why-our-currency-will-fail (http://www.zerohedge.com/news/guest-post-why-our-currency-will-fail)

Of course, nobody can answer the question "When?"!

It's just one of those things ya have to be ready for!
Title: Re: Dollar Being Isolated
Post by: Glock32 on February 08, 2012, 12:00:39 PM
Ammo: the currency of the new millennium.

Funny this is, I've been hearing that line since the mid-90s before things were palpably bad, back when it was more a joke than anything.
Title: Re: Dollar Being Isolated
Post by: charlesoakwood on February 08, 2012, 12:25:40 PM

Quote
However, of all the challenges that catch my eye right now, the one most worrisome is the shredding of our national narrative to the point that it no longer makes any sense whatsoever. I'm a big believer that our actions are guided by the stories we tell ourselves. To progress as a society, having a grand vision that aligns and inspires is essential.

But when words emphasize one set of priorities and actions support another, any narrative falls apart. At a personal level, if someone touts their punctuality but chronically shows up hours late, the narrative that says "this person is reliable" begins to fall apart.

A new currency must be something that everyone has access to and
will accept at a constant value or it will be a barter item. 
Title: Re: Dollar Being Isolated
Post by: John Florida on February 08, 2012, 10:30:12 PM
....Don't have to; it's right there in the bottom of his post...

I forgot to take my anti-moron pill this AM.

It ain't that; you're OLD NOW.  Not as frail and forlorn as you'll be next birthday, but accept it, approaching antiquity.  ;D

Oh, and Gunsmith told me to warn you that the AARP will begin contacting you this year ... in preparation for next year's approaching fossil-hood.

 You guys just hate to see people have fun don't you. ::angry::
Title: Re: Dollar Being Isolated
Post by: Sectionhand on February 09, 2012, 02:12:16 AM
India agrees to pay GOLD for OIL with Iran. (http://www.debka.com/article/21673/) But don't let anyone tell you that outdated shiny rock, a relic from ancient history, will ever be used as money again. You are fool to buy gold when you can hold dollar denominated assets. Gold is in a bubble. Get out now!  ::smalldeadhorse::

Quote
India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile's intelligence and Iranian sources report exclusively.  Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran's total exports of 2.5 million bpd. Both are superpowers in terms of gold assets. By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank's assets and the oil embargo which the European Union's foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran's oil exports.

Move along. Nothing to see here.







India and China don't love Iran THAT much ! I don't seriously believe that they would tap their gold reserves to pay for Iranian oil . That would be just about the dumbest thing they could possibly do .
Title: Re: Dollar Being Isolated
Post by: Libertas on February 09, 2012, 07:13:41 AM
Depends upon alternative sources, why pay more and why pay with something tangible when there are much better options?

Unless they feel like subsidizing their Persian friends it does look stupid.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on February 09, 2012, 05:39:33 PM
India and China don't love Iran THAT much ! I don't seriously believe that they would tap their gold reserves to pay for Iranian oil . That would be just about the dumbest thing they could possibly do .

There seem to be  competeing narratives (http://www.zerohedge.com/news/very-different-take-iran-barters-food-story)
I don't know how one would go about confirming one or the other without being in on the deal, but I don't disagree, and neither does this article.

Quote
Much has been made of today's Reuters story how "Iran turns to barter for food as sanctions cripple imports" in which we learn that "Iran is turning to barter - offering gold bullion in overseas vaults or tankerloads of oil - in return for food", and whose purpose no doubt is to demonstrate just how crippled the Iranian economy is as a result of the ongoing US embargo. Incidentally this story is 100% the opposite of the Debka-spun groundless disinformation from a few weeks ago that India was preparing to pay for Iran's oil in gold (they got the asset right, but the flow of funds direction hopelessly wrong).

But...

Quote
Yet going back to the Reuters story, it would be quite dramatic, if only it was not the case that Iran has been laying the groundwork for a barter economy for many months now, something which various other analysts perceive as the basis for the destruction of the petrodollar system.

Which is really the point.

  

Title: Re: Dollar Being Isolated
Post by: Libertas on February 10, 2012, 07:18:00 AM
Read that ZH article this AM, sounds like to me the thrust of this debate indicates something is going on, but nobody can agree what exactly it is or why.  Something just just doesn't smell right to me about this...
Title: Re: Dollar Being Isolated
Post by: Libertas on March 02, 2012, 07:21:14 AM
Brazil is upping the ante.  I would expect more nations feeling the sqweaze to adopt similar strategies, and the pace will quicken.

http://www.ft.com/cms/s/0/76d1d4d0-63d0-11e1-8762-00144feabdc0.html#axzz1nxlEqmI7 (http://www.ft.com/cms/s/0/76d1d4d0-63d0-11e1-8762-00144feabdc0.html#axzz1nxlEqmI7)
Title: Re: Dollar Being Isolated
Post by: charlesoakwood on March 02, 2012, 01:49:27 PM

Colombia’s central bank is also working for the peso.
It's also buying dollars.

"Currency war, anyone?"

http://blogs.ft.com/beyond-brics/2012/02/07/latam-currencies-war-again/#axzz1nh5Zg1T8 (http://blogs.ft.com/beyond-brics/2012/02/07/latam-currencies-war-again/#axzz1nh5Zg1T8)
Title: Re: Dollar Being Isolated
Post by: Libertas on March 04, 2012, 03:32:10 PM
There's thjat word again...inflation.  Apparently the PTB's in this nation do not know what it is.  They will know for sure as they are dragged out into the streets.
Title: Re: Dollar Being Isolated
Post by: charlesoakwood on March 04, 2012, 08:42:16 PM

There's a clip of Ron Paul with Ben Bernanke in which he delicately states
that we are 9% inflation right now.  It is a very recent clip, if I find it I'll
post it.

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Title: Re: Dollar Being Isolated
Post by: Libertas on March 05, 2012, 06:58:07 AM
The only way the CB's can reintroduce sanity into the system is to raise rates, but it will constrain growth and kick the stock market in the balls so there is no chance in hell they do it.  They've cornered themeselves.  Now would be a good time drive stakes into their hearts, but there is no will to do so...so the dance continues...grab a partner...
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 05, 2012, 09:13:30 AM
The only way the CB's can reintroduce sanity into the system is to raise rates, but it will constrain growth and kick the stock market in the balls so there is no chance in hell they do it.  They've cornered themeselves.  Now would be a good time drive stakes into their hearts, but there is no will to do so...so the dance continues...grab a partner...

 The stock market isn't real anyway.  Te real thing prevents them from raising rates is the deficit. The "twist" put most of the debt back into long term- very low interest debt, ( The clinton "surplus" was largely the result of an opposite twist)  but if rates rise  then the deficit itself becomes quickly unsustainable.  The Fed can't raise rates, and they can't lower them any further.  They have no choice but to issue more debt no one will buy and then print money so they can buy it.  A lot of that inflation gets exported to China and the other dollar holding nations, and they are getting pissed .. but that has more to do with Oil rising than anything else. In terms of Gold, oil is pretty cheap (historially speaking)  at the moment.  Add in all of the dollar swaps we are doing to keep the EU afloat and its easy to see how this stuff goes abroad first.   I gotta love the folks who say leave America. Americans are going to be the most hated and persecuted people worldwide when this falls.
Title: Re: Dollar Being Isolated
Post by: charlesoakwood on March 05, 2012, 10:35:02 AM
Quote
I gotta love the folks who say leave America. Americans are going to be the most hated and persecuted people worldwide when this falls.

Yeah, one might be OK in Taipei or Bern other than that it'll be "Get Peachy".
Title: Re: Dollar Being Isolated
Post by: Libertas on March 05, 2012, 11:17:32 AM
The only way the CB's can reintroduce sanity into the system is to raise rates, but it will constrain growth and kick the stock market in the balls so there is no chance in hell they do it.  They've cornered themeselves.  Now would be a good time drive stakes into their hearts, but there is no will to do so...so the dance continues...grab a partner...

 The stock market isn't real anyway.  Te real thing prevents them from raising rates is the deficit. The "twist" put most of the debt back into long term- very low interest debt, ( The clinton "surplus" was largely the result of an opposite twist)  but if rates rise  then the deficit itself becomes quickly unsustainable.  The Fed can't raise rates, and they can't lower them any further.  They have no choice but to issue more debt no one will buy and then print money so they can buy it.  A lot of that inflation gets exported to China and the other dollar holding nations, and they are getting pissed .. but that has more to do with Oil rising than anything else. In terms of Gold, oil is pretty cheap (historially speaking)  at the moment.  Add in all of the dollar swaps we are doing to keep the EU afloat and its easy to see how this stuff goes abroad first.   I gotta love the folks who say leave America. Americans are going to be the most hated and persecuted people worldwide when this falls.

The word "unsustainable" comes to mind.

"Reality is not optional." -- Walter E. Williams.   ;)
Title: Re: Dollar Being Isolated
Post by: Libertas on March 05, 2012, 11:20:21 AM
Quote
I gotta love the folks who say leave America. Americans are going to be the most hated and persecuted people worldwide when this falls.

Yeah, one might be OK in Taipei or Bern other than that it'll be "Get Peachy".


Like this guy?  

http://jimrogers-investments.blogspot.com/ (http://jimrogers-investments.blogspot.com/)
It says "...a native of Demopolis, Alabama" but he hauled ass to Asia (Singapore I think)...that pasty white bastard will stike out like a sore thumb!  Good luck, Jim!

 ::hysterical::
Title: Re: Dollar Being Isolated
Post by: charlesoakwood on March 05, 2012, 11:28:43 AM

Yeah, He and the city he lives in were in the top ten bugouts at a site linked from AoSHQ.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 05, 2012, 01:34:07 PM

Like this guy?  

http://jimrogers-investments.blogspot.com/ (http://jimrogers-investments.blogspot.com/)
It says "...a native of Demopolis, Alabama" but he hauled ass to Asia (Singapore I think)...that pasty white bastard will stike out like a sore thumb!  Good luck, Jim!

 ::hysterical::

And this one: http://lewrockwell.com/casey/casey101.html (http://lewrockwell.com/casey/casey101.html)

Its all fine and well for those with millions to go buy 3000 acre ranches in Argentina and a private army to defend them, but Doug Casey is obviously oblivious to what the little guy can do.  You can't just "go on vacation" and not come back. That makes you an illegal alien wherever you went, and in most countries (not ours)  that is considered a crime, and they really won't have tolerance for it after the dollar collapse causes serious hurt.  Same with expatriation of assets and cash. The little guy can't afford the armies of lawyers  and the bribes it takes to buy real estate or move  and then protect large amounts of wealth to/in another  country, much less actually doing what is required to become a citizen in that destination. In many countries, you can't own real estate or even a bank account without citizenship, and you are forced into trusting someone in-country to own things for you. "internationlizing" assets is NOT an easy task.  Sure it can be done, but after the collapse I wouldn't expect foreign people, nor their justice institutions to have a lot of sympathy for the ex-pat American, especially a poor one. You will be discriminated against, and shamelessly. Only in America is discrimination against somone based on race or nationality considered "wrong" -in the rest of the world, that is just the way its done.
 
 
Title: Re: Dollar Being Isolated
Post by: Libertas on March 06, 2012, 06:46:15 AM
Yeah, if these fatcats think they can just set up a compound in someone elses country and rest easy is insane.  If the gobal economy crashes, angry mobs with shotguns, pistols, axes, shovels and clubs will descend upon you and no matter how good your compounds defenses are, you will get overrun.

Plus, timing political stability in times of rampant instability?  Really, for a rich guy he is mighty dumb.  I guess he figures he can grease enough of the right palms.  Hope you got lots of grease, payola has a tendency to grow exponentially.

Silly bastard!

Now, if he were to say learn the language and go native and carve out a hole in the jungle somewhere, at least that would have made more sense.  Go under the radars!
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 07, 2012, 10:13:44 AM
To further carry the point:comments from this ZH article  (http://www.zerohedge.com/news/guest-post-cause-effects-fallacy-return-normalcy?page=1)( which is good in its own right)

"oldman" obviously feels the culture he lives in now is superior and lauds the natives for being so much better for being more primative and "human" ( and for some people that probably is better)- but better is always a matter of opinion, and I did chuckle at his assertion that Galts are stupid because culturally South Americans take care of each other, while simultaneously admitting they have women who have to whore in order to survive, and that foreigners are not much liked.

 However, the point I am trying to make is that American expats we would be the damn aliens coming in and F'ing up the culture elsewhere   in the world.  Most conservatives get it: When in Rome, do as the Romans do.  Liberals, being Narcisstic, selfish, and 5, and who will desert this country in droves like rats from a sinking ship,  and will, like the locusts they are ( sorry about the mixed metaphor) go forth  and destroy any place that has greater prosperity.  If you are going to move, you need to do it now, before the collapse, and do what is required to ingratiate yourself with the locals and win friends. Even then, the locals will probably hate you once the droves of refugee American's arrive.

Language Warning!

Quote
Hugo Chavez:

I am just gonna leave the country someday. Pretty young putas beckon me in south america. I can be a super duper sugar daddy with a thousand dollar a month allowance. I kinda like feudalism if I am the lord.

I can already get a retirement visa for most countries down there past the age of forty five. As soon as i get my kids thru college I am going galt. I dont even f**kin recognize the ussa any longer. For real freedom and a little chaos (gotta take the good with the bad) head south.

Quote
RSloane:

I don't know if you've ever lived outside of the US. There are a lot of things, both cultural and not, that you are going to have to get used to very quickly. I don't know anything about you, but before you move south I strongly urge you to consider the East, or at least go there for an extended vacation before you make up your mind, if you haven't already.

Quote
oldman

Hugo,

If you bring generosity and culture(read as GRACE), you will be OK, but not welcome here. Most of the US citizens that have come over the last four years are basically poor white trash with what is left of the proceeds of a lucky real estae sale.

The locals are sick of these rednecks because they are trying to run their games of greed and fear on a culture that lives day to day and now cannot even afford to rent a place to live because the yankees have driven rents so high.

I am back in a village that I lived in for a couple of years 15 years ago and my friends who were born here are forming 'Defensa de la Cultura' comites to save what remains of the local culture. I saw this happen 18 years ago in another South American village and it only stopped with the killing of a foreign friend of mine.

Anyway, this is just a note to let you know that all is not as it seems. A local friend of mine asked recntly, 'Viejo, why don't the 'americans' change, don't they know how disliked they are?'

I told her the truth, 'They just won't---they don't care whether anyone likes them or not, they are that drunk on their own 'power and wealth.'

I don't know if this is true or not, and certainly not all who come here are in that category, but most are. They refuse to learn the language, respect the customs, or the religious beliefs, and constantly haggle over pennies. These are not nice people, and, in the US, are people I would only nod or wave a hand at, not open a conversation as they have nothing to say except to parrot the last thing they read on the web or saw on fox or cnn.

We have too many Galts here alredy with their arms, water, food, survival sh*t----all unneccesary in this culture where no one has ever been allowed to starve for lack of a helping hand from one of us. This culture is deep in compassion and and sympathy. For me, it reminds me of the US about forty years ago.

So, if you are looking for 'Pretty young putas'. please stay home and f**k your daughter.

We have enough locals who can only 'PAY for a piece', to take care of our pretty young putas who only work because they have children to feed and no social assistance.

And if you have a lot of good ideas for the local folk---keep them to yourself because our people have the same ideas and dreams as everyone else. It is their nation that I am a guest in for 'indefinitely', as it says on my ID card and visa, and while they welcome what little financial support that I can afford to give them, they just need my support to correct the deficiencies of the governments they vote in and then throw out----these are real people and I love them.

The chaos you mention is the result of true democracy and free expression here. And yes, we are occasionally punished for our rashness, and----------------------so what?

I see you have 15 greens and this is why I have taken the time to comment to yours---and the 15 greens-----you are buying trouble for yourselves by coming here with the attitude posted above, and I say, 'f**k you and anyone else who believes the myth you wrote.

We don't want the type you describe in our society---we are already full up!

Respectfully,        om

Quote
candyman:

i feel the same way about the illegal aliens moving here to the us


Quote
oldman:

Candyman,

Thank you because I am an immigrant here in South America.

And I also, now, understand what this means, personally.

There is a big difference, however, when immigrants who 'retire' in another country as GUESTS elect to compete with locals in a nation whose average income is under $500 per month in a dollarized economy where foreign exchange in surplus is required to manage the economy.

The problem here is, if I can explain it properly, that US citizens come in with pensions, support from family members, and saved funds to BID UP rents and property prices dislocating the sons and daughters of the locals. Then they open little bizinesses without permission or work without work permits(most come in as 'tourists)----and they do business with the other foreigners, draining the locals' opportunities and paying slave wages.

Now, this is true in the US---we do to our own! How many US cops, firemen, teachers, not to mention more poorly paid servants and wage slaves can live in the communities in which they work; it is the same f**king snake! The difference here is that people will only tolerate this to a certain extent before striking out at the perceived source of the problem. We are not sh*t-eaters; we have thrown out a number of presidents in my time here by going to streets and not to work until there was a new government. When I say 'we', I do not mean that I am leading the charge or even on the street; this is not my country and I am a guest here, but I do give what funds I have available, buy food, and provide a place for others to meet. South Americans are intelligent and courageous enough to run their own country, with or without a foreigner's approval or broken dreams that never worked in their own country.

I have spent twenty years of my life here in flower----an oldman blooms every year in this environment----and these have been the finest years of my life. I still am affected by the lifelong conditioning I received; I cannot deny this, but only be aware and laugh at this oldfool when he falls on his own sword. This happens often, but the people here just smile and put my faux pas aside; they know that I am a foreigner and can expect no more.

This used to be true more than now, and it is simply because there are too many people from the states fleeing the fear they have created by being stupid enough to trade life for a sofa and a tv

sh*t, how I wish it was different----yeah, I am one of the people who sees how easy it might be if each of us only be responsible for 'the one'---a dreamer/realist who was fortunate to be born white, anglo, christian, male in the most powerful and wealthiest nation in the history of humanity---a complete 'accident of birth'. This oldman now realizes, though he has no beliefs, he was born in a 'state of grace'.

That is why he is so grateful for this life------accident of birth, no more   om
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 26, 2012, 11:23:08 AM
Another one

http://www.citypress.co.za/Business/News/Brics-move-to-unseat-US-dollar-as-trade-currency-20120324 (http://www.citypress.co.za/Business/News/Brics-move-to-unseat-US-dollar-as-trade-currency-20120324)
Title: Re: Dollar Being Isolated
Post by: Libertas on March 26, 2012, 11:35:58 AM
Another BRICS in the wall...
Title: Re: Dollar Being Isolated
Post by: charlesoakwood on March 26, 2012, 11:42:40 AM

"The move is set to challenge the supremacy of the US dollar. This, experts say, is the latest salvo in the greatest worldwide currency war since the 1930s"

How'd that work out for ya?

"The five-member nations have collectively called for an end to the tacit agreement between the US and Europe that ensures that the head of the World Bank is an American citizen, and the International Monetary Fund head is European"

Time to end the World Bank.
Title: Re: Dollar Being Isolated
Post by: Libertas on March 26, 2012, 11:47:57 AM
And end the IMF and every other alphabet soup outfit meant to funnel our wealth to foreigners!
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 26, 2012, 11:52:27 AM
I missed this one...

http://www.nytimes.com/2011/12/27/business/global/china-and-japan-in-currency-agreement.html (http://www.nytimes.com/2011/12/27/business/global/china-and-japan-in-currency-agreement.html)

Listening to Lindsey Williams in crazy town..  or at least I really hope Alex is Crazy.
http://www.infowars.com/timeline-to-americas-total-destruction-with-pastor-lindsey-williams/ (http://www.infowars.com/timeline-to-americas-total-destruction-with-pastor-lindsey-williams/)

He says Saudis to trade oil with China Directly.  Claims no collapse will be allowed before June - apparently because they want to create such massive debt because they want control. Just like they did to Greece.  Just like they did to Argentina. 50% payback? That is fine. As long as we tell you what to do and get unrestricted access to your natural resources.  He says the financial collapse will be upon us when the derivatives market crashes...

Can't really confirm the Saudi info.. best I can do...

http://gaslamppost.wordpress.com/2012/03/23/i-bet-you-didnt-hear-about-this-on-the-news-china-and-saudi-arabia-in-big-energy-deal-may-no-longer-trade-oil-in-u-s-dollars/ (http://gaslamppost.wordpress.com/2012/03/23/i-bet-you-didnt-hear-about-this-on-the-news-china-and-saudi-arabia-in-big-energy-deal-may-no-longer-trade-oil-in-u-s-dollars/)



Title: Re: Dollar Being Isolated
Post by: Libertas on March 26, 2012, 12:04:04 PM
So, apparently this means the ChiCom's aren't interesting in being paid back and instead think we'll be too weak to respond militarily if we are too busy killing each other in the streets, leaving them as top dog on the world stage.  If true, I am compelled to think some of that contains a grain of truth, but it is not a given we wouldn't act and it is not given what China's fate might truly be.  In the end one should be careful what they wish for, they may get it, or worse yet, they may get it in a form they didn't expect.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 26, 2012, 12:19:31 PM
So, apparently this means the ChiCom's aren't interesting in being paid back and instead think we'll be too weak to respond militarily if we are too busy killing each other in the streets, leaving them as top dog on the world stage.  If true, I am compelled to think some of that contains a grain of truth, but it is not a given we wouldn't act and it is not given what China's fate might truly be.  In the end one should be careful what they wish for, they may get it, or worse yet, they may get it in a form they didn't expect.

This is the problem with Alex-- everything is tied back to the Elite/Bankers/Rothchild/Bilderberg/Illuminati/NWO conspiracy, which if it exists, probably does not include leaders in Russia or China. (If it did, would there be a reason for Obama to say stupid things on an open mike?  All that would be planned out - regardless of Obama's re-election chances-- and of course one could argue "false flag" - because that is what one does with contrary evidence when protecting a conspiracy theory)

If such a group does exist, its western. It doesn't control Islam, China, or Russia. It may be in control of the banking system, and encouraged by their success in creating the EU, only to deliberately crash it and make Brussels more powerful as PIIGS fall into the net ( Funny how Iceland seems to be getting along just fine since they said F' off.)  They could try it here, and with the right leaders, they will sell off our natural resources, but I think it will require them to keep the Federal Puppet govt, but unlike other countries, we have individual States that may very well leave the union, and unlike Europe, we have a Tea Party movement that protested the spending- proving there is a will to resist here. The U.S. will still be hard to subjugate. So yeah, they may have to resort to plagues or nukes if that is really the goal.

However the goal may just be to disrupt America to the point where we can no longer play, allowing world control to go to  China and Russia and Islam.  Without a doubt if an Illuminati exists they have an over inflated sense of their own importance and power, and  as you said "they should be careful of what they wish for" - I don't think they have the power and control they think they have.   China and Russia have a lot to gain by the fall of Europe and West, and these bankers are probably being encouraged by them in that plan. Islam isn't that organized, but I am sure they will take most of Western Europe.  I hate watching Alex. It freaks me out.

 
Title: Re: Dollar Being Isolated
Post by: Libertas on March 26, 2012, 01:13:41 PM
Agreed, Illuminati power overstated and seeking outright violence is leaving too much to chance, I can read influence and a measure of control into (insert name here), but patently suicidal behavior or ascribing a measure of control to shadow groups that is beyond their control stretches reality too far for me to accept.
Title: Re: Dollar Being Isolated
Post by: Libertas on March 26, 2012, 02:17:49 PM
Oh oh, looks like someone is predicting the Yen to implode!

http://www.zerohedge.com/news/chinese-business-media-cautions-jgb-bubble-ready-burst-anticipates-40-yen-devaluation (http://www.zerohedge.com/news/chinese-business-media-cautions-jgb-bubble-ready-burst-anticipates-40-yen-devaluation)

If this comes to pass it spells big trouble for the ChiCom's, who are (as we see above) trying to become the top-dog currency!

There is so much competing liquidity, inflation, debasement and business cycle stuff going on that getting a clear picture out of all this noise and make anything approaching a valid prediction a real challenge, but trends overall around the globe are not good and if economies truly are global, then the entire thing could be like one big zipper on a fat man and if the fat keeps growing and hits a point where the buttom fails the zipper (and all those local economies that make up its teeth) are going to fly apart!
Title: Re: Dollar Being Isolated
Post by: Libertas on March 28, 2012, 07:46:36 AM
I'm going to post this link here, since my big take from this article is not so much the doom & gloom over the state of our balance sheets (one can argue the degree of incestuousness between assets and liabilities and between nations from now till eternity) but the single largest item on anyones sheet is currency.  That being said it is no wonder why currency wars and the policy of central bankers is so scrutinized, much on this score can affect other areas on the balance sheet with a snap of the fingers.  It also makes me more concerned over the zipper effect I mention above.  I cannot recall a point in history where the economies of the world were so in peril from so many quarters.  If sanity is lost it is a simple matter of when not if it all goes sideways.

http://www.zerohedge.com/news/worlds-balance-sheet (http://www.zerohedge.com/news/worlds-balance-sheet)
Title: Re: Dollar Being Isolated
Post by: charlesoakwood on March 28, 2012, 10:53:22 AM

Are you saying that they are so equally balanced that if they
were put together the sum would be Ø?
Title: Re: Dollar Being Isolated
Post by: Libertas on March 28, 2012, 11:21:03 AM
Oh no, there are variances and what makes them "balance" is often smoke & mirrors.

Think MF Global and a grander scale and ask the victims how it worked out for them.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 28, 2012, 12:28:21 PM
I'm going to post this link here, since my big take from this article is not so much the doom & gloom over the state of our balance sheets (one can argue the degree of incestuousness between assets and liabilities and between nations from now till eternity) but the single largest item on anyones sheet is currency.  That being said it is no wonder why currency wars and the policy of central bankers is so scrutinized, much on this score can affect other areas on the balance sheet with a snap of the fingers.  It also makes me more concerned over the zipper effect I mention above.  I cannot recall a point in history where the economies of the world were so in peril from so many quarters.  If sanity is lost it is a simple matter of when not if it all goes sideways.

http://www.zerohedge.com/news/worlds-balance-sheet (http://www.zerohedge.com/news/worlds-balance-sheet)
Look at this:
http://fofoa.blogspot.com/2010/06/old-hyperinflation-question.html (http://fofoa.blogspot.com/2010/06/old-hyperinflation-question.html)

Quote
This has been coming at the dollar for a long time now. The hyperinflation is already present in all the debt. Every penny of one man's debt is a penny of another man's retirement plan. It will all be liquidated at the speed of a lightning bolt when the US Treasury market finally burps, or when the paper gold window finally mandates "paper only".

The dollar's value will already be decimated before Bernanke even gets started issuing the high denomination bills like we saw in Zimbabwe and Weimar Germany. Yet he will issue them, as that will be the only way for the US government to pay its current account, its debt service and its other liabilities, all denominated in dollars, some structural and indexed to inflation, others simply nominal. But it will be a mad dash to print like "crazy".
Title: Re: Dollar Being Isolated
Post by: charlesoakwood on March 28, 2012, 12:34:24 PM

Those words are so emotional, they cause my
heart to flop around like a fish.  I'm more
comfortable with a simple  Ø.
Title: Re: Dollar Being Isolated
Post by: Libertas on March 29, 2012, 07:18:30 AM
Yeah, I think this dude is thinking along the right lines.  The PTB's are and continue to go all-in on printing, we hear QE3 is coming, well duh, it was another case of when not if!

And the worst part is there are few people alive who know anything about Weimar Germany (and what followed!) or Zimbabwe, so the natural human tendency toward denial (IT can't happen here/to me!) is going to cause a lot of people to tune out and get literally caught with their pants down.

The level of pain coming our way is on a scale that very few will be able to comprehend let alone adapt to.

But all is well, that's what the PTB's keep saying...

(http://1.bp.blogspot.com/_cvdgPlEKW9k/TA9NCYzex4I/AAAAAAAABMI/2HSpRckajBU/s400/Money_Fort.jpg)
Title: Re: Dollar Being Isolated
Post by: Libertas on July 03, 2014, 07:46:13 AM
The VOR - BRICS are morphing into an anti-dollar alliance...

http://www.zerohedge.com/news/2014-07-02/brics-are-morphing-anti-dollar-alliance (http://www.zerohedge.com/news/2014-07-02/brics-are-morphing-anti-dollar-alliance)

 ::saywhat::

Really?  Well, that admission is only several years late...silly me, I always thought the initial purpose of the BRICS was to replace the world reserve currency status of the dollar from the get-go?

Huh...well, better they realize that now than later, eh?   ::)
Title: Re: Dollar Being Isolated
Post by: Libertas on July 15, 2014, 08:13:41 AM
BRICS propose to launch rival devolpment bank...cut out the IMF & WB...

This weeks Summit to include -

(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/07/20140714_bric1.jpg)

http://www.zerohedge.com/news/2014-07-14/anti-dollar-alliance-prepares-launch-brics-bank (http://www.zerohedge.com/news/2014-07-14/anti-dollar-alliance-prepares-launch-brics-bank)

Step one - poach dependents.

Step two - deepen other eocnomic ties.

Step three - dump the dollar.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on July 24, 2014, 04:18:54 PM
Unsubstantiated Rumors that Germany may join BRICS (http://www.infowars.com/analyst-germany-secretly-planning-to-join-brics/)
Little meat here to prove it, just  one guy who MAY know something, but an interesting theory if true-- and it WOULD explain why we were keeping close tabs on "allies" via illegal spying (Merkel etc) .
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on July 26, 2014, 08:39:42 AM
Swiss and Chinese enter Swap Agreement (http://www.zerohedge.com/news/2014-07-25/de-dollarization-spreads-swiss-chinese-central-banks-enter-swap-agreement)  as Dollar-ized Panama implments prices controls (http://www.zerohedge.com/news/2014-07-25/no-inflation-friday-dollarized-panama-issues-price-controls-basic-goods)

Yes the price controls will operate as they always have and create shortages and are just stupid banana Repbulic stuff - but they were implemented because of INFLATION in the DOLLAR, and that is the point.  We export much of our inflation at the moment

Quote
According to the Panamanian government, the price of basic foods rose 4.1% from April 2013 to April 2014.

Over the last five years, in fact, food prices have risen more than 24%

So real dollar  inflation in Panama is running at 4% -- as this keeps up and as the BRICs create an alternative, more and more of these dollars will be coming home....  the inflation is going to be MASSIVE.   The day the new Caliphate in the Middle East announces the end of OPEC and direct trade with BRICs  is the day the Dollar will die.... and that day is just not looking too far off anymore.
Title: Re: Dollar Being Isolated
Post by: Libertas on July 27, 2014, 02:42:20 PM
I doubt the German thing, but they are pissed about spying and not getting all their gold back.  The OPEC thing could be a nasty bit of business.
Title: Re: Dollar Being Isolated
Post by: Libertas on July 31, 2014, 02:27:14 PM
Here we go...fellow BRIC layers laying another foundation for a post-dollar world...

http://www.zerohedge.com/news/2014-07-31/russia-and-india-begin-negotations-use-national-currencies-settlements-bypassing-dol (http://www.zerohedge.com/news/2014-07-31/russia-and-india-begin-negotations-use-national-currencies-settlements-bypassing-dol)
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on August 08, 2014, 09:11:18 AM
And more

http://www.zerohedge.com/news/2014-08-07/first-brics-bank-now-brics-food-bank (http://www.zerohedge.com/news/2014-08-07/first-brics-bank-now-brics-food-bank)

The "sanctions" are what again?  Restrictions on Russia trading in the dollar? 
All Obama is doing is accelerating the process.  Of course, he wants to.
This economy will die on his watch.
Title: Re: Dollar Being Isolated
Post by: Libertas on August 08, 2014, 11:27:27 AM
With luck that is not all that dies... 
Title: Re: Dollar Being Isolated
Post by: Libertas on August 14, 2014, 08:01:19 AM
Putin calling for the end of the PetroDollar, again...

http://www.zerohedge.com/news/2014-08-14/putin-says-petrodollar-must-die-dollar-monopoly-energy-trade-damaging-russias-econom (http://www.zerohedge.com/news/2014-08-14/putin-says-petrodollar-must-die-dollar-monopoly-energy-trade-damaging-russias-econom)

...the US would have to be further weakened before another substitute could gain traction though, and ever since Russia launched its totalitarian land grabs in Ukraine the Europeans have been mostly in lockstep with the US, those pesky spying scandals on pals pushed aside for now...

Getting closer though, aren't we?  Lucky for Putin and his BIRCmates they have O'Bongo to dick with...
Title: Re: Dollar Being Isolated
Post by: Libertas on August 28, 2014, 07:06:24 AM
Step two...

http://www.zerohedge.com/news/2014-08-27/gazprom-begins-accepting-payment-oil-ruble-yuan (http://www.zerohedge.com/news/2014-08-27/gazprom-begins-accepting-payment-oil-ruble-yuan)

Nail?  Not hardly, just the start...need more nails...
Title: Re: Dollar Being Isolated
Post by: richb on August 29, 2014, 04:11:16 PM
Even if we weren't committing cultural suicide there would be moves to dethrone the dollar.  That's just the nature of the game,  nothing stands still.   That's why this all is so grating to me, because now we are laying down and letting it happen.

It probably would have happened already,  if the rest of the world wasn't even a bigger basket case then we are.   There really is no paper currency that COULD be the world standard at the moment.   Every one thinks the Chinese could,  but they have fundamental problems that are even worse then ours.   I really don't see a socialistic or communist system being able to do the job,  as most in those governments couldn't even pass a basic and dumbed down economics course.

I think the reality is there will be no "world" currency.  At least not a "paper" one  and not one "run" by a government.   Maybe some sort of electronic one or better yet several.   Run by private interests,  not a corrupt government or near government like the FED. 

Something like that may* be better,,,,,  in the long run.

*provided it could be free of manipulation by government or crony interests.   I know that may not be possible or maintainable.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on August 29, 2014, 04:57:34 PM
It probably would have happened already,  if the rest of the world wasn't even a bigger basket case then we are.   There really is no paper currency that COULD be the world standard at the moment.   Every one thinks the Chinese could,  but they have fundamental problems that are even worse then ours.

Well that is the thing, and every article you read arguing against the dollar loosing the reserve will say it: The dollar sucks the least. 
What they NEVER ask is "What would it take for another currency to suck the least?"
The dollar has significant play all over the world and the systems to make it easily fungible and used in world trade are already in place - and it doesn't hurt that major commodities markets - like oil - are priced in Dollars - requiring others- however briefly- to obtain dollars to buy the commodity - which is really how most countries running a trade Deficit with the US spend them..

So a better system would have to have a international trade banking system, allow the buying of major commodities directly without the need for the dollar to be involved, and  be just ever so slightly more stable and trusted than the US Dollar. 

the BRICS nations are working very hard to bring all of that about, and they are about 25%  of world GDP. If the new bank they are starting issues something similar to the Wolrd Banks's SDRs, and those SDR are based at least in part on a basket of various commodities produced or held by BRICS nations, they have a very serious chance of taking the reserve status from the Dollar.  It may not be a currency controlled by one nation - but controlled mostly by Russia and China, with input form India ..  and if every BRICS BUCK is exchangeable for a set amount of gold, silver, oil, diamonds, rare-earths etc,  then they have backed it BETTER than the dollar is backed. The dollar used to be a set exchange for gold and silver -for the FULL value of those commodities-- i.e the value of the dollar was directly related and pegged  to the value of gold and silver.  The BRICS nations can peg it to 10% of the value of that basket and it will still suck the least.

They are building it now.  At some point OPEC will announce it will price and sell Oil both in dollars and in BRICS bucks and then the real moves will happen.
Title: Re: Dollar Being Isolated
Post by: Libertas on September 01, 2014, 05:23:17 PM
I agree, if a currency were to be backed by a basket of commodities then it would suck the least, but it would be stronger if it coincided with market reforms that eliminate and severely punished corruption, fraud and cronyism.  But the latter is much more problematic than the former so manipulation will still be too strong of a means to be avoided.

What is tragic is the Fed not seeing it and pushing for it itself, it may be the only thing that rescues the dollar.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on September 02, 2014, 09:06:45 AM
For everyone saying ( including Obama)  Russia is "isolated" here is a map (http://www.zerohedge.com/news/2014-09-01/everyone-saying-russia-isolated-heres-map)

(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140901_isolated_0.jpg)


Quote
new Publicus

Color the BRICS nation green. I dare you.
[/url]
Title: Re: Dollar Being Isolated
Post by: Libertas on September 02, 2014, 11:48:54 AM
I dare them to think they are going to keep India in the fold with the ChiCom's attacking them all the time...plus, what will the others do if Pakistan invades or their meltdown spills over into disputed territory?  What will the ChiCom's do if the Rooskies fail to deliver fossil fuel?  People act like the BRICs are the bees-knees, but it is all driven by their hatred of the US and EU...and yeah the US led by that floppy-eared buffoon Obama is an easy target and he and his ilk royally suck at everything but screwing us all over and yeah the EU is a bunch of sissy socialists willing to surrender their nation and their lives to 7th Century savages...but Russia, China, Brazil & India got it all together?

Hey look, that poop doesn't stink as much as this poop, lets herald that poop as the best!  Woo Hoo!

 ::facepalm::

PS-Africa and most of the Middle East...yeah, not the world as far as I care...
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on September 02, 2014, 02:12:25 PM
I dare them to think they are going to keep India in the fold with the ChiCom's attacking them all the time...plus, what will the others do if Pakistan invades or their meltdown spills over into disputed territory?  What will the ChiCom's do if the Rooskies fail to deliver fossil fuel?  People act like the BRICs are the bees-knees, but it is all driven by their hatred of the US and EU...and yeah the US led by that floppy-eared buffoon Obama is an easy target and he and his ilk royally suck at everything but screwing us all over and yeah the EU is a bunch of sissy socialists willing to surrender their nation and their lives to 7th Century savages...but Russia, China, Brazil & India got it all together?

Hey look, that poop doesn't stink as much as this poop, lets herald that poop as the best!  Woo Hoo!

 ::facepalm::

PS-Africa and most of the Middle East...yeah, not the world as far as I care...

I don't know. Wars are expensive.  If BRICS is smart they won't start squabbling (much)  till the dollar is done and they have the reserve. Of course by then, they will have so much power there may not be a need to squabble. China I think is just trying to establish the pecking order with India, and mkae sure they understand they are in BRICS only so long as China says they are.. otherwise they will be kicked back to die with the Western Nations.
 
Title: Re: Dollar Being Isolated
Post by: Libertas on September 03, 2014, 07:05:47 AM
I dare them to think they are going to keep India in the fold with the ChiCom's attacking them all the time...plus, what will the others do if Pakistan invades or their meltdown spills over into disputed territory?  What will the ChiCom's do if the Rooskies fail to deliver fossil fuel?  People act like the BRICs are the bees-knees, but it is all driven by their hatred of the US and EU...and yeah the US led by that floppy-eared buffoon Obama is an easy target and he and his ilk royally suck at everything but screwing us all over and yeah the EU is a bunch of sissy socialists willing to surrender their nation and their lives to 7th Century savages...but Russia, China, Brazil & India got it all together?

Hey look, that poop doesn't stink as much as this poop, lets herald that poop as the best!  Woo Hoo!

 ::facepalm::

PS-Africa and most of the Middle East...yeah, not the world as far as I care...

I don't know. Wars are expensive.  If BRICS is smart they won't start squabbling (much)  till the dollar is done and they have the reserve. Of course by then, they will have so much power there may not be a need to squabble. China I think is just trying to establish the pecking order with India, and mkae sure they understand they are in BRICS only so long as China says they are.. otherwise they will be kicked back to die with the Western Nations.

Yeah, perhaps I am projecting too much traditional American independence to see "knees" being a more noble choice than "death" on cultures used to being someones bitch.  I gotta watch out for that bias in myself.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on September 09, 2014, 01:26:46 PM
INteresting - China moves troops to Russian Border (http://www.infowars.com/report-china-moves-12000-troops-to-russian-border/)

I bet this is more defensive in nature.  They want to make sure Putin understands that China is not to be messed with and he better keep his attention  and sights focused on Eastern Europe
Title: Re: Dollar Being Isolated
Post by: Libertas on September 10, 2014, 07:15:18 AM
INteresting - China moves troops to Russian Border (http://www.infowars.com/report-china-moves-12000-troops-to-russian-border/)

I bet this is more defensive in nature.  They want to make sure Putin understands that China is not to be messed with and he better keep his attention  and sights focused on Eastern Europe

Bingo!  You win a stuffed Panda!   ::thumbsup::

12k troops is spit in the wind for China but is more problematic for Russia, it's a subtle reminder not to jack around in their sphere.

Sure would be nice if this partnership suffered the same fate as Stalin & Hitler's little bromance...but I am not going to hold my breath on that hope...
Title: Re: Dollar Being Isolated
Post by: Libertas on September 16, 2014, 07:47:39 AM
I wonder how this factors into the China is going to kick our ass and the Yuan will replace the dollar dynamic?  Or if it really matters anyway?

http://www.zerohedge.com/news/2014-09-15/chinas-scariest-chart (http://www.zerohedge.com/news/2014-09-15/chinas-scariest-chart)

I think maybe the latter.

Once again, Doc nails it -

Dr. Engali - "They can all read the handwriting on the wall. The problem is we live on a prison planet. There is no escape."


Title: Re: Dollar Being Isolated
Post by: Weisshaupt on September 22, 2014, 08:30:58 AM
Russia considering investing in BRICS BONDS instead of US Treasuries. (http://www.zerohedge.com/news/2014-09-20/russia-finmin-calls-shift-away-us-treasurys-bric-bonds-settlement-non-dollar-currenc)

Now who could have seen that coming?
Title: Re: Dollar Being Isolated
Post by: Libertas on September 22, 2014, 11:29:58 AM
Russia considering investing in BRICS BONDS instead of US Treasuries. (http://www.zerohedge.com/news/2014-09-20/russia-finmin-calls-shift-away-us-treasurys-bric-bonds-settlement-non-dollar-currenc)

Now who could have seen that coming?

Oh! Oh!  I know?

Not them!!! 

It will take time to see how all this shakes out...maybe we'll see a Balkanization of nations into various groups...so in place of nations in various stages of cooperartion and competition it is associations in cooperation and competition...with the useless institutions left in the dust...

It may not necessarily be all bad...not right away anyway...it will be seen if a new market for paper picks up the slack (more of the friendly paper-swapping?) or if it falls the Central Bankers to monetize away...
Title: Re: Dollar Being Isolated
Post by: Libertas on September 30, 2014, 07:46:23 AM
Yeah, this is interesting...

http://www.zerohedge.com/news/2014-09-29/europe-china-start-direct-trading-euros-yuan-de-dollarization-expands (http://www.zerohedge.com/news/2014-09-29/europe-china-start-direct-trading-euros-yuan-de-dollarization-expands)

...the part that gets me though is the clincher at the end, the Obamites want this de-dollarization, it's all part of adjusting down to the New Normal, and it incidentally makes it much easier to enslave people, hook them into accepting less and less rights, if only the keep some sort of gravy-train and easy living chugging along...

...no way this story ends anything other than horrifically!
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on September 30, 2014, 09:05:53 AM
Yeah, this is interesting...

http://www.zerohedge.com/news/2014-09-29/europe-china-start-direct-trading-euros-yuan-de-dollarization-expands (http://www.zerohedge.com/news/2014-09-29/europe-china-start-direct-trading-euros-yuan-de-dollarization-expands)

...the part that gets me though is the clincher at the end, the Obamites want this de-dollarization, it's all part of adjusting down to the New Normal, and it incidentally makes it much easier to enslave people, hook them into accepting less and less rights, if only the keep some sort of gravy-train and easy living chugging along...

...no way this story ends anything other than horrifically!

De-dollarization is a destabilizing force.  Never let a Crisis go to waste and all of that.. but the Food has to come from somewhere.. and even if America remains a Viable, but diminished world power.. it can't do so for very long..  if even 1/2 of the overseas dollars come home, massive inflation will result,  and you can't pay for the "easy living" lifestyle without massive tax increases ( stifling growth and recovery ) or massive printing which simply accelerate the problem.

So its unclear to me that TPTB WANT this.  Upping the number of people on govt assistance won't help if you can't actually provide assistance- and as the dollar wanes in the world we may get to the point where our food crops are sold overseas instead of at home- because no one here can afford to outbid the foreigners switching to the new BRICS currency.
Title: Re: Dollar Being Isolated
Post by: Libertas on September 30, 2014, 11:19:42 AM
Yeah, this is interesting...

http://www.zerohedge.com/news/2014-09-29/europe-china-start-direct-trading-euros-yuan-de-dollarization-expands (http://www.zerohedge.com/news/2014-09-29/europe-china-start-direct-trading-euros-yuan-de-dollarization-expands)

...the part that gets me though is the clincher at the end, the Obamites want this de-dollarization, it's all part of adjusting down to the New Normal, and it incidentally makes it much easier to enslave people, hook them into accepting less and less rights, if only the keep some sort of gravy-train and easy living chugging along...

...no way this story ends anything other than horrifically!

De-dollarization is a destabilizing force.  Never let a Crisis go to waste and all of that.. but the Food has to come from somewhere.. and even if America remains a Viable, but diminished world power.. it can't do so for very long..  if even 1/2 of the overseas dollars come home, massive inflation will result,  and you can't pay for the "easy living" lifestyle without massive tax increases ( stifling growth and recovery ) or massive printing which simply accelerate the problem.

So its unclear to me that TPTB WANT this.  Upping the number of people on govt assistance won't help if you can't actually provide assistance- and as the dollar wanes in the world we may get to the point where our food crops are sold overseas instead of at home- because no one here can afford to outbid the foreigners switching to the new BRICS currency.

I never said Obama was smart...in fact I know for a fact I've never accused him of that, or his minions...but yes, the crony capitalist PTBs have to know this is a dead end...but maybe they all plan to abscond with their ill-gotten gains and let the nation go to Hell, statist pol's get to institute martial law and sweep out whatever vestiges of liberty may remain (if any) and ride the carcass into Hell...

And as far as crop sales go...if the government bans BRICsBuxx, the option is to accept something else (gold? silver?) which doesn't matter to the farmer who will get pooched with BarryBucks...

I think we'd be forced out of all global markets entirely at some point...the Prog's will have turned us into a pariah nation ala present day North Korea...
Title: Re: Dollar Being Isolated
Post by: Libertas on October 06, 2014, 07:33:46 AM
This is interesting...

http://www.zerohedge.com/news/2014-10-05/us-dollar-about-inflict-carnage-all-around-planet (http://www.zerohedge.com/news/2014-10-05/us-dollar-about-inflict-carnage-all-around-planet)

For the US, it’s now shooting fish in a barrel – but just for now. The three-pronged plan the Fed has started to execute is plain for everyone to see:
 
1) Stop QE. This hauls back in to the US dollars from around the planet, from a million parties that owe debt denominated in USD. Already happening at a frantic pace, though no-one involved would advertize it.
 
2) Raise the value of the greenback. This makes it that more expensive for all parties under 1) to pay off their debts. They have to offer ever more just to stand still. And when they can’t, assets will be confiscated.
 
3) Raise interest rates. The final blow. It will make life much harder on the US government too, but they’ll have trillions of dollars flowing in to cope with that. It’ll put millions of Americans into the equivalent of medieval torture instruments, and out of their homes and cars and jobs, but that too will be initially softened by the dollars coming home to papa. Crucial take home: they’ve given up on the US real economy, likely a long time ago.

...but I see #3 as a massive minefield...how can they raise rates and kill off the pseudo good times and not suffer politically?  Unless they see the latter as sewn up, I am not buying this strategy.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on October 06, 2014, 09:49:50 AM
This is interesting...

For the US, it’s now shooting fish in a barrel – but just for now. The three-pronged plan the Fed has started to execute is plain for everyone to see:
 
1) Stop QE. This hauls back in to the US dollars from around the planet, from a million parties that owe debt denominated in USD. Already happening at a frantic pace, though no-one involved would advertize it.
 
2) Raise the value of the greenback. This makes it that more expensive for all parties under 1) to pay off their debts. They have to offer ever more just to stand still. And when they can’t, assets will be confiscated. see http://www.zerohedge.com/news/2014-10-06/barclays-warns-king-dollar-could-crush-earnings (http://www.zerohedge.com/news/2014-10-06/barclays-warns-king-dollar-could-crush-earnings)
 
3) Raise interest rates. The final blow. It will make life much harder on the US government too, but they’ll have trillions of dollars flowing in to cope with that. It’ll put millions of Americans into the equivalent of medieval torture instruments, and out of their homes and cars and jobs, but that too will be initially softened by the dollars coming home to papa. Crucial take home: they’ve given up on the US real economy, likely a long time ago.

...but I see #3 as a massive minefield...how can they raise rates and kill off the pseudo good times and not suffer politically?  Unless they see the latter as sewn up, I am not buying this strategy.

These are the steps that would need to be taken to solve the problem. I think there is ZERO chance of that happening. Is there a link that goes with this or is this your opinion of what is happening?

1) I don't think QE has ended, is ending or ever will end (before the collapse)   I think its going strong, just using different methodology.. transactions via cronies, etc. Its off the official books is all. Its primary purpose is to prevent the Dollar price of assets from falling - and it does this by artifically bidding them up using printed money. That is going to continue for the foreseeable future because the Stock Market is 100%  on life support now.  Falling prices means falling government tax  revenue and still more printing. Better to make it less obvious and continue doing it

2) Not that I think this is easily within their control, but a strong greenback means foreigners  cannot purchase our goods and services. This is what forces the "race to the bottom" thing where everyone prints more, but just wants to suck the least.  It also would encourage the adoption of other currencies for world trade as the greenback becomes harder to get for short term transactions.  If they did this it would force MORE foreclouses etc as people have to pay of inflated loans with deflated dollars. 

3) A Rise in interest rates would help savers in the long run and actually encourage investment in the United States again.  Long term this is the right thing to do.  Our govt however, is 17 trillion in debt, and while much of that has been "twisted" into longer term securities at low rates, new debt would really pile on as the Welfare system gets even more over burdened and no one can pay their mortgages or taxes ( because of the deflation..)  So you either suspend welfare and deal with the riots, or you keep kicking the can.  Our pols are either evil or stupid-- so Yeah, the stupid will kick the can.  The Evil  bring in Ebola so they can avoid the riots.

Seriously I don't see any of this happening till after the collapse... which will be different than what we have been seeing in Europe.. You won't see interest rates explode, because the bond auctions will always be successful - with money printed and handed to cronies to make it look legit. The Stock Market via clandestine QE will just keep growing. Tax revenue will keep hitting new records, because price inflation is going to make your profits look fantastic.. even though your margins are shrunk to zero and the Graham Cracker boxes you are selling  are only half full.

No you will know the collapse has arrived because suddenly welfare and Social Security  payments are "indexed to inflation" and adjusted every six months, then every month, then every week.  You know, providing all of the non-contributing zeros and euthanize-able 75 year olds aren't already dead of ebola.

But I think this ebola outbreak, now, at the point where our Southern Border has collapsed and in the second half of Obama's second term are all you need to know about what is coming.  The economic collapse has now been rendered moot for us.  They are using a bio-weapon to exterminate us, and there is very, very little that can be done to stop it.  The elite have had their immunizations, and whatever 1 out of five of the population survives (which leaves 1.5 billion)  can be culled under martial law as required to preserve skill sets to reach  the desired 500 Million. Its game over. NWO wins.   Enjoy the time you have left.

 
Title: Re: Dollar Being Isolated
Post by: Libertas on October 06, 2014, 12:00:58 PM
Oops, sorry...here is the link - http://www.zerohedge.com/news/2014-10-05/us-dollar-about-inflict-carnage-all-around-planet (http://www.zerohedge.com/news/2014-10-05/us-dollar-about-inflict-carnage-all-around-planet)

I just pasted the conclusion this Raul guys came up with, and I agree with your economic analysis completely and hope your depopulation theory is wrong, if there is to be any depopulation efforts it should be by liberty-minded people wiping out the rest!

I'll add the link back to my original post.
Title: Re: Dollar Being Isolated
Post by: Libertas on October 08, 2014, 02:45:21 PM
Fed continues to help our enemies...beating the crap out of the dollar is winning!

http://www.zerohedge.com/news/2014-10-08/dollar-dumps-post-fomc-minutes-stocks-bonds-bullion-bid (http://www.zerohedge.com/news/2014-10-08/dollar-dumps-post-fomc-minutes-stocks-bonds-bullion-bid)

The Kabuki Market thrives on psychosis!!!

Up, Up and Away!!!!!!!!!!!!!!!!!!
Title: Re: Dollar Being Isolated
Post by: Libertas on October 13, 2014, 01:08:48 PM
OK, now this is hilarious...

http://www.zerohedge.com/news/2014-10-13/china-russia-sign-cny150-billion-local-currency-swap-plunging-oil-prices-sting-putin (http://www.zerohedge.com/news/2014-10-13/china-russia-sign-cny150-billion-local-currency-swap-plunging-oil-prices-sting-putin)

...currency swap my  ::mooning:: !   ::hysterical::

This is basically Barter Town!  The PetroRuble is CRAP!  No way do the ChiCom's want that arse-wipe!   ::laughonfloor::

The Russophile ZeroHedgers are smoking crack!  This will end up being a oil for finished goods swap for Russia & China!

And price controls?  Heh, good luck with that crap, Putin you Soviet-era schmuck!   ::laughonfloor::
Title: Re: Dollar Being Isolated
Post by: Libertas on November 10, 2014, 07:40:25 AM
8,500 tons of gold ought to be a nice basis for a currency...

http://www.zerohedge.com/news/2014-11-09/china-aims-official-gold-reserves-8500-tonnes (http://www.zerohedge.com/news/2014-11-09/china-aims-official-gold-reserves-8500-tonnes)

...but the ChiCom economy is not different than any other, it cooks the books quite nicely, and at some point it was to become a real economy or that sought-after position as new reserve currency might not be the feather in the hat they think it will be...
Title: Re: Dollar Being Isolated
Post by: Libertas on November 11, 2014, 07:59:09 AM
Canada made their choice, chooses China over the US...

http://www.zerohedge.com/news/2014-11-10/petrodollar-panic-china-signs-currency-swap-deal-qatar-canada (http://www.zerohedge.com/news/2014-11-10/petrodollar-panic-china-signs-currency-swap-deal-qatar-canada)

...let that sink in a bit, it is not as dire as some would believe, not in the short term, but longer term, if this trend continues...
Title: Re: Dollar Being Isolated
Post by: Libertas on November 13, 2014, 08:53:40 AM
New world currency, by 2018.

(http://socioecohistory.files.wordpress.com/2014/07/theeconomist-phoenix_get_ready_for_world_currency_by_2018.jpg)

http://socioecohistory.wordpress.com/2014/07/26/flashback-1988-get-ready-for-a-world-currency-by-2018%E2%80%B3-the-economist-magazine/ (http://socioecohistory.wordpress.com/2014/07/26/flashback-1988-get-ready-for-a-world-currency-by-2018%E2%80%B3-the-economist-magazine/)

Interesting, in that this was made in 1988.

But...it is still fiat, I will not welcome it!
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 12, 2015, 08:11:07 PM
http://www.ft.com/cms/s/0/31c4880a-c8d2-11e4-bc64-00144feab7de.html#axzz3UDuBuXa6 (http://www.ft.com/cms/s/0/31c4880a-c8d2-11e4-bc64-00144feab7de.html#axzz3UDuBuXa6)

Nothing to see here  move along

Quote
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The Obama administration accused the UK of a “constant accommodation” of China after Britain decided to join a new China-led financial institution that could rival the World Bank.

The rare rebuke of one of the US’s closest allies came as Britain prepared to announce that it will become a founding member of the $50bn Asian Infrastructure Investment Bank, making it the first country in the G7 group of leading economies to join an institution launched by China last October.

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Thursday’s reprimand was a rare breach in the “special relationship” that has been a backbone of western policy for decades. It also underlined US concerns over China’s efforts to establish a new generation of international development banks that could challenge Washington-based global institutions. The US has been lobbying other allies not to join the AIIB.

Relations between Washington and David Cameron’s government have become strained, with senior US officials criticising Britain over falling defence spending, which could soon go below the Nato target of 2 per cent of gross domestic product.

A senior US administration official told the Financial Times that the British decision was taken after “virtually no consultation with the US” and at a time when the G7 had been discussing how to approach the new bank.

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We are wary about a trend toward constant accommodation of China, which is not the best way to engage a rising power,” the US official said.

British officials were publicly restrained in criticising China over its handling of Hong Kong’s pro-democracy protests while Mr Cameron has made it clear he has no further plans to meet the Dalai Lama, Tibet’s spiritual leader — after a 2012 meeting that prompted a furious response from Beijing.

While Beijing has long been suspicious about US influence over the World Bank and International Monetary Fund, China also believes that the US and Japan have too much control over the Manila-based Asian Development Bank. In addition to the AIIB, China is the driving force behind last year’s creation of a Brics development bank and is promoting a $40bn Silk Road Fund to finance economic integration with Central Asia.

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The Obama administration has said it is not opposed to the AIIB but US officials fear it could become an instrument of Chinese foreign policy if Beijing ends up having veto power over the bank’s decisions.

The UK Treasury denied that Britain had acted out of the blue, saying there had been “at least a month of extensive consultation” at a G7 level, including with Jack Lew, US Treasury secretary.

George Osborne, UK chancellor of the exchequer, was unrepentant, arguing that Britain should be in at the start of the new bank, ensuring that it operates in a transparent way. He believes it fills an important gap in providing finance for infrastructure for Asia.

“Joining the AIIB at the founding stage will create an unrivalled opportunity for the UK and Asia to invest and grow together,” Mr Osborne said. He expects other western countries, which have been making positive noises privately about the new bank, to become involved.

Beijing launched the AIIB in October with the backing of 20 other countries but Japan, South Korea and Australia —US allies in the region — did not become founding members. There has been a strong debate within the Australian cabinet about whether to join, after US pressure to stay on the sidelines.

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A decision by the major economies to join now would give up leverage they might have over the AIIB as it was being set up, the US official said. “Large economies can have more influence by staying on the outside and trying to shape the standards it adopts than by getting on the inside at a time when they can have no confidence that China will not retain veto powers.”

Mr Osborne’s decision reflects London’s desire to pursue commercial relations with China aggressively, even at the expense of antagonising Washington.

When Mr Osborne visited Beijing in 2013 he said he wanted to “change Britain’s attitude to China”. The chancellor hailed the British government’s sovereign renminbi bond issue in October, the first by a western government. The UK has been keen to establish the City of London as a platform for overseas business in the Chinese currency as it starts to play a bigger role in the global economy.

The House of Commons foreign affairs committee said last week the British government should press China harder to introduce political reforms in Hong Kong. The committee also said it was “profoundly disappointed” at the “mild” response of the government when MPs were prevented from visiting Hong Kong in November during the protests.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 17, 2015, 10:37:08 AM
Nothing to see here.  Move along

http://www.zerohedge.com/news/2015-03-17/plan-b-major-european-allies-desert-obama-join-china-led-infrastructure-bank (http://www.zerohedge.com/news/2015-03-17/plan-b-major-european-allies-desert-obama-join-china-led-infrastructure-bank)

The pviot to the East is happening.  Once they have the systems in place that they need, they will start dropping the dollar  for trade in an orderly fashion, and start flooding the US with its own currency as they buy up any  resources not nailed down, and probably some that are.

So  get ready for serious price inflation...
Title: Re: Dollar Being Isolated
Post by: Libertas on March 17, 2015, 11:27:20 AM
I didn't overread this article...Australia is an Asian nation...it makes sense they should hedge their bets...the big decoupling is yet to happen, so the actual Go/No Go is not yet breached in a PONR respect.  This is the Obama and everybody in America is evil and everybody in Russia and China and Iran are God's gifts to mankind ZeroHedge we are talking about after all.  Grain of salt.  See where Europe goes and the traditionally friendly to America regions of Asia , then fence-sitters will then have to choose.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on March 17, 2015, 02:27:25 PM
I am not saying its complete.. only more dominoes are falling - dominoes that used to be our allies, dollar centric and western culturally.

UK, Australia, France, Germany, and Italy...  I don't think its insignificant.  The realingment will take years, maybe a decade, but it is happening, and these are signposts on the way to the destination.



Title: Re: Dollar Being Isolated
Post by: Libertas on March 18, 2015, 06:44:52 AM
Agreed. 
Title: Re: Dollar Being Isolated
Post by: Libertas on March 23, 2015, 08:23:53 AM
Well, bullstuff!  We should have known the one obvious wildcard in the mix!  Yes, that long-time anti-American jackanapes Barrack Hussein Obama...accelerated things by waving the white flag!

http://www.zerohedge.com/news/2015-03-22/washington-blinks-will-seek-partnership-china-led-development-bank (http://www.zerohedge.com/news/2015-03-22/washington-blinks-will-seek-partnership-china-led-development-bank)

I'm embarrassed...I should have seen it coming...

 ::unknowncomic::
Title: Re: Dollar Being Isolated
Post by: warpmine on March 26, 2015, 01:30:23 PM
To expect anything less  would have been, well, embarrassing. ::unknowncomic::
Title: Re: Dollar Being Isolated
Post by: Libertas on March 31, 2015, 06:52:52 AM
And the stampede is on...

http://www.washingtontimes.com/news/2015/mar/30/us-allies-rush-to-join-chinas-new-bank-as-deadline/# (http://www.washingtontimes.com/news/2015/mar/30/us-allies-rush-to-join-chinas-new-bank-as-deadline/#)!

...when the herd gets going...
Title: Re: Dollar Being Isolated
Post by: warpmine on March 31, 2015, 07:05:09 AM
This will in the end(soon)destroy our economy as if it's doing well. The Fed will be just an entity of a decrepit broken down country that refused to thwart it's printing of money from those that loaned it to you in the first place.

Thinking this will nail the coffin shut on the practice of devaluing this currency as nobody will want to use it. Good bye libtards, this is going to be a serious butt hurt.
Title: Re: Dollar Being Isolated
Post by: Libertas on April 10, 2015, 08:04:35 AM
The China Play...first the SDR, then, the world!

http://www.zerohedge.com/news/2015-04-09/spelling-out-big-reset (http://www.zerohedge.com/news/2015-04-09/spelling-out-big-reset)

Sure, it could work.  Why not?

Comments I think hit the mark the best -

1)  Buckaroo Banzai

Martin Armstrong has proposed a debt-for-equity swap whereby all Treasury bills and bonds will be redeemed for coupons.
 
"In this case, we would swap out the federal debt of $18 trillion into coupons that are redeemable for the purchase of private equity. You would then take the coupons and invest in stock. Since large corps are buying back their shares now, they do not need the money. This will go to entrepreneurship starting up businesses or expanding small business. It would provide a stake in the nation for all for the lower class would actually become investors. The “rich” make money from investment, not wages.
 
Of course there will be people who criticize this idea. They have no practical solution for there is no other choice. You reach the point of no return. Governments are causing DEFLATION and destroying everything as they hunt money. That will collapse the world economy and they are TOO STUPID to comprehend what they are doing until it is too late. The hard money guys have already sent nasty emails, but their world is precisely what Germany is imposing in Europe. They are handing the people over to the bankers for go ahead, back bonds with gold and how do you pay your mortgage.
 
There is no practical solution and EVERY debt crisis has involved either a DEFAULT or some sort of haircut. Any way we slice it, the next downturn will present solutions that hand more money to the bankers and you will see revolution next time. We either seriously look at how to end this cycle of perpetual borrowing, or go build a cabin in the woods far from everything. We are rapidly reaching the point of no return."
 
http://armstrongeconomics.com/2015/03/30/28763/ (http://armstrongeconomics.com/2015/03/30/28763/)
 
It's an interesting idea.
 
Armstrong also proposes a new international currency similar to SDRs that all national currencies would float against, and that nations would use to settle international trade flows with.

2) CrazyCooter

While I don't disagree, I think our leaders/elite are too selfish and ... well ... frankly, psychopathic.
 
What I really think we are going to see is (1) they hang on to the old system and (2) debtors prisons/punishment.
 
It will just be the next phase of the strip mining and most people have no idea the sovereignty they inherited and will go along trying to stay one set of chains ahead of the gang.
 
I haven't given up on humanity, it has a kind heart most of the time, but it is also catfish stupid on average.

Title: Re: Dollar Being Isolated
Post by: Weisshaupt on April 10, 2015, 09:38:23 AM
"In this case, we would swap out the federal debt of $18 trillion into coupons that are redeemable for the purchase of private equity. You would then take the coupons and invest in stock. Since large corps are buying back their shares now, they do not need the money. This will go to entrepreneurship starting up businesses or expanding small business. It would provide a stake in the nation for all for the lower class would actually become investors. The “rich” make money from investment, not wages."

Wait, what?  These coupons would then just become another form of limited currency. Just like vouchers for tires, gasoline and pantyhose during the second world war.   If you need tires, gasoline or pantyhose they are great,  but you would need to trade them  to someone who did need those things  in order to get something else. If I am a startup- why do I take these "coupons"  in trade for my stock? Can I buy machines with them? Pay employees?  - No I can only buy stock - apparently in other startups.  Why would blue chips even sell stock for these now that they own most of their stock again?

They are based on debt that will never be repaid-- or be repaid at pennies on the dollar - so why would I take these coupons in payment for anything?  unless I am taking enough of these pennies on the dollar to make up for what I am selling?  This is just like issuing a new Blue dollar that is the equivalent of a  green $1000 bill.  It has  a 1910 $1 purchasing value. The haircut still happens. No one is fooled. Well, no one with a brain anyway. And its only good for Buying Stocks?  Again, how does that help me buy a can of beans? 

The really scary thing would be if they revalued individual  mortgage  debt in Blue dollars- and now you have to pay 1000 times more for your mortgage payment than you were. And they may try that. They certainly have elsewhere as bankers try to grab all assets when the currency goes down ( So if Gold does shoot to $50,000 because China does make this play - go pay off your house with a few gold coins you found while scuba diving..)

If China is smart, they will start using  this process (http://valaurum.com/company/) or something similar when issuing their new cash..  put 1/20 of a gram in each note and then make the face value 10-20X the gold content value.  Most trading will continue to be done electronically, so the scam can continue.. but its great marketing for them.. and will help ensure that real, printed Yuan ( or whatever) is what is held in reserve currency vaults. 





 
Title: Re: Dollar Being Isolated
Post by: Libertas on April 10, 2015, 11:17:13 AM
I agree, of the two scenarios Crazy Cooters is probably the most likely (which is like your Blue dollar example), but I also agree with you on that gold-based/valaurum type of set up, that idea has legs to stand on, more than the status quo nothing-but-paper option that's been in play now, that's for certain!
Title: Re: Dollar Being Isolated
Post by: warpmine on April 11, 2015, 08:41:20 AM
What can one use to disinfect the humongous bite in the ass when the beast turns round to bite everyone within reach of it's jaws?  ::deercorn::
Title: Re: Dollar Being Isolated
Post by: Libertas on April 13, 2015, 06:38:57 AM
Lead?
Title: Re: Dollar Being Isolated
Post by: Libertas on April 13, 2015, 07:54:53 AM
The coming SDR gold standard...

So once completed, the SDR basket valuation will consist of the following stores of value:
 
US Dollar
 
Japanese Yen
 
British Pound
 
Euro
 
Renminbi
 
and Gold.

http://www.zerohedge.com/news/2015-04-12/gold-backed-sdr-quite-likely-happen-lses-lord-desai-warns (http://www.zerohedge.com/news/2015-04-12/gold-backed-sdr-quite-likely-happen-lses-lord-desai-warns)

And then the currency wars really kick into high gear...

Meh, like one war or another isn't going to happen...
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on April 26, 2015, 10:13:18 AM
Mexico Dealing itself in to the new Reserve (http://www.internationalman.com/articles/the-mexican-libertad-the-currency-solution)  buy minting silver coinage tied to the Peso. 

I could see this being used a lot along the border .. and having that spread - especially if the SDR/YUAN thing isn't ready for prime time when this goes. Granted, mostly they are trying to sell you on Mexican Silver coins, but this is the first I headr that the Mexican government has a clue about what they could( and should) be used for.

Via a infowar article  (http://www.infowars.com/what-will-happen-to-you-when-the-dollar-collapses/)

they talk of the Euro collapsing first.. and many Sheeple will  probably "run to the dollar for safety" and that may buy time. Maybe even years of it.  My mistake before was underestimating the stupidity of the sheeple. Its is boundless.  We know that because of swaps, the euro and the dollar are almost functionally the same currency now,  but the sheeple will trade for dollars anyway.  This is just going to be long and drawn out and very, very painful.
Title: Re: Dollar Being Isolated
Post by: Libertas on April 28, 2015, 07:01:14 AM
Crack the whip, the herd moves...repeat with sickening monotony...

 ::unknowncomic::
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on May 05, 2015, 09:10:25 AM
Yuan fairly valued- to be included in SDR

http://www.zerohedge.com/news/2015-05-04/gates-says-bet-yuan-imf-calls-currency-fairly-valued (http://www.zerohedge.com/news/2015-05-04/gates-says-bet-yuan-imf-calls-currency-fairly-valued)

and..

http://www.zerohedge.com/news/2015-05-04/adb-boosts-firepower-china-led-bank-grabs-center-stage (http://www.zerohedge.com/news/2015-05-04/adb-boosts-firepower-china-led-bank-grabs-center-stage)

Title: Re: Dollar Being Isolated
Post by: Libertas on May 05, 2015, 11:40:22 AM
Saw that.  Fairly valued...heh!  Our crony-capitalist economy led by statists more in line with fascist socialism manipulate the hell out of everything...and here come the Chi-Com crony-oligarchs...

Fairly valued?  As good as any I guess...

 ::laughonfloor::

At least they have been hoarding physical gold while we've been moving it off with paper!

As for the ADB/AIIB thingy, time will tell if this works to China's favor, all things being equal it should, but stuff happens.  And speaking of stuff...we don't know what surprises lay in store in the secretive Obama Regime Trans-Pacific Partnership (http://itsaboutliberty.com/index.php?topic=13085.msg144057;topicseen#msg144057) being schemed behind closed doors...how much of it will be protect America's ass vs sell America's ass away?  With this idiot it likely will be all over the place...but for certain this will affect China somehow.
Title: Re: Dollar Being Isolated
Post by: Libertas on June 30, 2015, 07:19:14 AM
AIIB launched.

http://www.zerohedge.com/news/2015-06-29/china-makes-it-official-launches-bank-humiliated-washington (http://www.zerohedge.com/news/2015-06-29/china-makes-it-official-launches-bank-humiliated-washington)

And so it begins...
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on August 24, 2015, 08:24:30 AM
interesting article on ZH  that explain how the low oil prices are killing the petrodollar (http://www.zerohedge.com/news/2015-08-22/why-it-really-all-comes-down-death-petrodollar) 

It is something I hadn't thought about but it makes perfect sense... since the dollar's worldwide value is largely driven by the need to purchase oil.. if the price of oil falls, you will get more dollars floating around looking for homes. .. but the more the economies of the world lag because of it - the less oil will be produced and so oil prices will continue to have downward pressure, and therefore so will the dollar. The relative "strength" of the dollar is still more than other currencies, and that also adds to the problem - eventually forcing other nations to "de-peg"  or to seek other payment schemes... 
Title: Re: Dollar Being Isolated
Post by: Libertas on August 24, 2015, 12:52:26 PM
Yup, until a lot of sizable trade is conducted in another medium the dollar wins by default, and since the currency wars are still raging and are a sub-set of the wider central bank shenanigans in cahoots with political debt addiction...throw in lack of any real GDP growth and its a mess.  Of course ZeroHedge thinks PetroDollar is impacted more than PetroRuble, even though the Rooskies need oil to prop up their economy more than ours since they have so little else to offer besides military hardware and ammunition, vodka, crime and hookers...maybe a little caviar on the side.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on August 26, 2015, 07:49:06 AM
China dumped $100 Billion in treasuries in the last two weeks (http://www.zerohedge.com/news/2015-08-25/devaluation-stunner-china-has-dumped-100-billion-treasurys-past-two-weeks)

Gee,  devalue your own currency.. strengthen the dollar and then sell dollars.  A move worthy of Soros.
 No seriously, what else would they do? - they are sitting on a pile of dollars that will become worthless if they don't exchange them for something else.   You can bet that all of the nations sitting on larger dollar reserves are doing the same..  That is why the "crisis" is happening now..  The American people are too stupid to panic.  Foreigners see the writing on the wall and simply want to exit while  retaining as much value as possible.  So while we race to the bottom and Dollar is king-- its the best time to "sell" dollars. and trade them for real goods - you know - like Gold.
 


Title: Re: Dollar Being Isolated
Post by: Libertas on August 26, 2015, 08:15:55 AM
China dumped $100 Billion in treasuries in the last two weeks (http://www.zerohedge.com/news/2015-08-25/devaluation-stunner-china-has-dumped-100-billion-treasurys-past-two-weeks)

Gee,  devalue your own currency.. strengthen the dollar and then sell dollars.  A move worthy of Soros.
 No seriously, what else would they do? - they are sitting on a pile of dollars that will become worthless if they don't exchange them for something else.   You can bet that all of the nations sitting on larger dollar reserves are doing the same..  That is why the "crisis" is happening now..  The American people are too stupid to panic.  Foreigners see the writing on the wall and simply want to exit while  retaining as much value as possible.  So while we race to the bottom and Dollar is king-- its the best time to "sell" dollars. and trade them for real goods - you know - like Gold.

Yup.  I also noted that here (http://itsaboutliberty.com/index.php?topic=11367.msg147467;topicseen#msg147467) along with the devaluation news about India and how China plans more.  I would expect to see more Treasuries converted to shiny barbarous relic, after all the brainiacs monkey-hammer it down to price levels that make it impossible to pass on, especially if you are China and India.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on August 31, 2015, 04:40:58 PM
and ISIS pushes gold currency ( in propaganda at least) [url] in its contribution to the currency war.

 (http://www.independent.co.uk/news/world/middle-east/isis-shows-off-new-currency-with-gold-dinar-coins-worth-91-each--in-quest-for-world-domination-10480121.html)
Title: Re: Dollar Being Isolated
Post by: Libertas on September 01, 2015, 06:47:11 AM
That could be an inducement to get some Merc's in on the game...

"You keep what you kill"   ;)

 :D
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on November 15, 2015, 07:03:31 PM
and Yuan is now getting into the SDR basket

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html (http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html)
Title: Re: Dollar Being Isolated
Post by: Libertas on November 16, 2015, 07:50:31 AM
and Yuan is now getting into the SDR basket

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html (http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html)

Step by step...

Meanwhile back in the Stupid States of America...how many times have we (Them!) done one stupid thing after another?  I'm an accountant and even I lost track...

 ::unknowncomic::

But, honestly...in the END end...it doesn't really matter whose fiat is top TP...every nation on this planet has issues, serious issues...there is no "win" to be had except in a short-term whooptie-doo PR-sense...

BFD!

In the END only real value will matter, everything else is scat.
Title: Re: Dollar Being Isolated
Post by: Libertas on November 30, 2015, 08:18:01 AM
More short-term whooptie-doo...

The Chi-Com's are coming!  (Again!)

 ::ohno::

http://www.theguardian.com/business/2015/nov/29/chinese-yuan-imf-special-basket-of-currencies-us-dollar (http://www.theguardian.com/business/2015/nov/29/chinese-yuan-imf-special-basket-of-currencies-us-dollar)

Whatever.
Title: Re: Dollar Being Isolated
Post by: Libertas on May 17, 2016, 11:44:37 AM
Ho Li &%$#!

Are we closer to monetary armegeddon or what?!

http://iotwreport.com/chinas-icbc-buys-giant-london-gold-vault-from-barclays/ (http://iotwreport.com/chinas-icbc-buys-giant-london-gold-vault-from-barclays/)

 ::speechless::
Title: Re: Dollar Being Isolated
Post by: Libertas on July 19, 2016, 07:26:00 AM
What the heck is China going buying more?

https://www.yahoo.com/news/foreign-ownership-us-debt-slips-200134265.html (https://www.yahoo.com/news/foreign-ownership-us-debt-slips-200134265.html)

Must be a head-fake.
Title: Re: Dollar Being Isolated
Post by: Libertas on November 17, 2016, 05:38:56 PM
Sweden - you don't need no stinkin' cash!

http://www.zerohedge.com/news/2016-11-17/sweden-begins-planning-transition-cash-digital-currency (http://www.zerohedge.com/news/2016-11-17/sweden-begins-planning-transition-cash-digital-currency)

1's & 0's are so much easier to manufacture, this is a winner of an idea...it will run out the string to it's last digit.



Meanwhile in India...

http://www.zerohedge.com/news/2016-11-17/indian-economy-grinds-halt-after-cash-ban-demonetisation-has-shaken-our-faith-moneta (http://www.zerohedge.com/news/2016-11-17/indian-economy-grinds-halt-after-cash-ban-demonetisation-has-shaken-our-faith-moneta)

...they really hate their lower caste there...loud, whiny, ungrateful...cash is banned, gold is banned...cows are worshipped...

...mass hysteria!

I wonder what it takes to piss off a billion people?  Whatever, forward!  Let's find out...
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on February 09, 2017, 08:32:35 PM
http://www.zerohedge.com/news/2017-02-09/grant-williams-death-petrodollar-and-what-comes-after (http://www.zerohedge.com/news/2017-02-09/grant-williams-death-petrodollar-and-what-comes-after)

Title: Re: Dollar Being Isolated
Post by: Libertas on February 10, 2017, 07:35:46 AM
Yeah, I read that.  Lots of data, lots of projections and assumptions where the devil is.  And units of measure are, well, units of measure - they are what they are!  Petrodollar?  Sure.  But there are Petrorubles, Goldyuan, etc...the point being everything can be and is a commodity.  What makes it all go around is belief and a track record to match that belief combined with some reality and a fat dose of compliance.  I am not necessarily saying he is wrong in the end result...I'm just saying this guy also as a business to run and a living to make and as with most things of this nature it all comes down to the timing...place your bets on that one but I think the kabuki masters across the globe aren't played out yet.
Title: Re: Dollar Being Isolated
Post by: Libertas on April 03, 2017, 07:07:33 AM
Another milestone reached...

http://www.zerohedge.com/news/2017-04-01/moscow-and-beijing-join-forces-bypass-us-dollar-global-markets-shift-gold-standard (http://www.zerohedge.com/news/2017-04-01/moscow-and-beijing-join-forces-bypass-us-dollar-global-markets-shift-gold-standard)

...kinda the opposite of Nixon 8/15/71, eh?

Well, it worked for a time, but now King Dollar is going to get knocked down a bit.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on May 23, 2017, 08:50:39 AM
http://www.zerohedge.com/news/2017-05-22/why-chinese-yuan-wont-be-worlds-reserve-currency (http://www.zerohedge.com/news/2017-05-22/why-chinese-yuan-wont-be-worlds-reserve-currency)

Yeah, you see the can't be the reserve currency, because a reserve currency is is wide use and the Yuan isn't.  And popularity is permanent.  You could replace dollar with  Sterling, and Yuan with Dollar and these factors would have been true 200 years ago of the dollar as well.  I am just amazed a person can write this and not realize they are trying to rationalize away the threat.

Well that geek in high school will never be accepted or popular, because how popular you are in High School is how popular you will be  forever.  Not true? Things can change?  Maybe try applying that idea to your analysis of why the Yuan can NEVER be a reserve currency because its not used that way now.

Title: Re: Dollar Being Isolated
Post by: Libertas on May 23, 2017, 11:39:07 AM
http://www.zerohedge.com/news/2017-05-22/why-chinese-yuan-wont-be-worlds-reserve-currency (http://www.zerohedge.com/news/2017-05-22/why-chinese-yuan-wont-be-worlds-reserve-currency)

Yeah, you see the can't be the reserve currency, because a reserve currency is is wide use and the Yuan isn't.  And popularity is permanent.  You could replace dollar with  Sterling, and Yuan with Dollar and these factors would have been true 200 years ago of the dollar as well.  I am just amazed a person can write this and not realize they are trying to rationalize away the threat.

Well that geek in high school will never be accepted or popular, because how popular you are in High School is how popular you will be  forever.  Not true? Things can change?  Maybe try applying that idea to your analysis of why the Yuan can NEVER be a reserve currency because its not used that way now.

Fricken hilarious!  Obviously the Tylerz posted this so Fight Club could make sport of it.  That bit about fiat being a store of value, ha!  That's a dead giveaway this guy is either woefully naive or a stooge of the kabuki masters!  No surprise then that real stores of value were not even mentioned.  And to the point of the article...if I were Chinese I would take this as a challenge gleefully taken up...all there needs to be for anybody to assert their currency as a reserve currency is a) an economy of size sufficient for the attempt, b) allies with which to broaden that influence, c) the long-term will to stick with a plan of isolating the current fat lazy king on the hill and d) the patience and persistence to allow others to slowly one by one adopt your replacement.

(http://img.theepochtimes.com/n3/eet-content/uploads/userphoto/323.jpg)

Valentin Schmid
Valentin Schmid is the business editor of the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris and Hong Kong.

The Epoch Times is poorly represented.  I would offer to replace this idiot, and probably for less than what they are currently paying this moron!
 ::hysterical::
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on May 23, 2017, 01:59:05 PM
That bit about fiat being a store of value, ha!  That's a dead giveaway this guy is either woefully naive or a stooge of the kabuki masters! 

I saw many  took that view in the comments. I don't mind them saying its a store of value.. anything other humans see as valuable is a store of value. Houses, Furniture, Gold, Silver, Shells, carved stones, specially printed bits of paper.  Anything that is near universally accepted as having value becomes a store of value ... The dollar is currently seen as a store of value - if it were not the cascade would have occurred and our bank account balances would have something other than a  '$" before them. Its value is based on the US Government's ability to indenture its citizen's current wealth  and future productivity   to the Federal Reserve Bank.. Our currency is based on "property rights" - the right of the US Government to treat its citizens productive ability as collateral to take on and pay interest on loans.

The dollar will collapse only when it is seen that ability as being compromised to a degree where that can't be maintained.

There is nothing really different about a paper note and a gold coin. They both have intrinsic value:   The paper could still be used to wipe your butt or start a fire. The Gold  useful for adornment and some industrial uses.  Intrinsic value is ALWAYS separate from Currency Value..

There is no guarantee humans will always find Gold valuable either.. maybe huge asteroids will be found of gold and each person could make a house out of it and have enough left over to pave the streets, and any currency based on gold would then become as valuable as one based on the leaves torn off of trees. If buggy whips were used commonly as currency at some point , they would probably STILL be used as currency today - even though the intrinsic  value of a buggy whips has declined drastically.

Gold and Silver have been traditionally used as money simply because they are 1) in short supply 2) not easily counterfeited 3) easily recognizable 4) Humans seem to be impressed or Dazzled when you use it to adorn yourself or your abode and dazzling people is often a useful (and valuable thing)

If people stopped being dazzled by gold and it was seen as just another rock. Watch Mark Dice videos - Chocolate is often perceived by Californians to be more valuable than gold or silver. Most don't see it as money, but as an object, and don't know enough about tat object to know its worth a many boxes of chocolate, just as if I showed you some antique furniture worth $1000s and you might mistake it for a $5 garage sale find. You are unaware of how rare it is, or that there is a market for it, so you undervalue it.  If everyone does that, then it becomes a $5 garage sale item.

I know I am harping a bit, but this is really , really important to understand. We may already past the point were people will see Gold/Silver and be ready to accept it as money, and post teotwawki you may be better off with boxes of Hershey bars to trade with. In  WWII chocolate(and of course cigarettes) - and with FDR's ration books, those ration coupons became currency since they could be reliably traded for tires, or nylons, or fuel.  Its the predictability and reliability of the trade - knowing that it will have value to a lot of someones in the future,  that make a thing a store of value, and nothing else.

If we go full mad max, you can bet that beans and bullets care a better store of value than bullion - at least for a time- which is why smart preppers collect all three.  You share the world with idiots, and you never know what idiots will find consistently valuable
 
Title: Re: Dollar Being Isolated
Post by: Libertas on May 24, 2017, 07:04:49 AM
Oh I fully agree so don't worry about any harping.  My point was merely obvious eye-poking of the fiat-peddlers gloating over the fact that (for now) some see one species of fiat as being a better store of value than another...they want to have their cake and eat it too...to hold that status is to merely say a significant consensus finds it expedient to grant it that status...nothing is permanent and to your point circumstances can and will change...and what people value today may not be the same regardless if it is a fiat/currency value or intrinsic value.  In the short-term while fiat has value and can be converted into intrinsic value, the conversion into the latter will have a better long-term value than the former which can be replaced at any time.  PM's cover both, but your point about other commodities, which we have discussed often among ourselves here is accurate...many things will be valued in a SHTF economy.  TP while plentiful and innocuous now, will be a lot more valuable for instance.  A diversified portfolio of SHTF items is a good idea.
 ::thumbsup::
Title: Re: Dollar Being Isolated
Post by: Pandora on May 24, 2017, 07:41:10 AM
We planted potatoes this year to see if we could raise them.  I had a friend remark that while he knew many who gardened in Virginia when he was a kid, he doesn't remember anyone planting potatoes because they were so plentiful and cheap.  And they pretty much still are ............ until they aren't.  So ... we'll see how we do.
Title: Re: Dollar Being Isolated
Post by: Libertas on May 24, 2017, 07:49:57 AM
I planted Yukon Gold, supposed to be nummy, have grown other varieties and they work.  I employ the trench method...seed the trench, cover with dirt as they grow, after a few times they are established and then it is just a function of time.

Trying spinach too, hope that works.  And carrots which for some reason can be iffy at times.  And onions.  Tomatoes and peppers and lettuce pretty standard.

Hope it goes well for you!   ::cool::
Title: Re: Dollar Being Isolated
Post by: John Florida on May 24, 2017, 09:14:39 PM
We planted potatoes this year to see if we could raise them.  I had a friend remark that while he knew many who gardened in Virginia when he was a kid, he doesn't remember anyone planting potatoes because they were so plentiful and cheap.  And they pretty much still are ............ until they aren't.  So ... we'll see how we do.

   Wait I'll be there ASAP and we can experiment together. I teach you and you teach me. And It's sauce.
Title: Re: Dollar Being Isolated
Post by: Libertas on May 25, 2017, 06:59:42 AM
 ::ohno::

The Great Sauce vs Gravy Wars have re-ignited!

 ::hysterical::
Title: Re: Dollar Being Isolated
Post by: Libertas on May 25, 2017, 07:38:30 AM
Uhhhh...

http://www.zerohedge.com/news/2017-05-24/somethings-breaking-yuan-suddenly-spikes-2-month-highs (http://www.zerohedge.com/news/2017-05-24/somethings-breaking-yuan-suddenly-spikes-2-month-highs)

http://www.zerohedge.com/news/2017-05-25/bitcoin-blows-throuigh-2500-2600-2700-overnight-south-korea-demand-soars (http://www.zerohedge.com/news/2017-05-25/bitcoin-blows-throuigh-2500-2600-2700-overnight-south-korea-demand-soars)

Who is blowing up these skirts?  We know they are not "risking" anything...kabukinomics ya know?

I do like the one comment about "How do I short this?", gotta love it!
Title: Re: Dollar Being Isolated
Post by: Libertas on June 13, 2017, 07:21:09 AM
Yeah...uhh huh...we've gone down this road before...BTC...ETH no different...

http://www.zerohedge.com/news/2017-06-12/putin-meets-ethereum-founder-create-national-virtual-currency (http://www.zerohedge.com/news/2017-06-12/putin-meets-ethereum-founder-create-national-virtual-currency)

Paper fiat, digital fiat...it's still fiat!

Interesting dialogue in the comments, some have merit, others don't...

What I get out of this is that fiat of whatever form is a perishable commodity...I like non-perishable commodities that will always have value, and not just PM's, it's good to have a healthy mix of all sorts of in-demand barter goods.
Title: Re: Dollar Being Isolated
Post by: Libertas on October 13, 2017, 07:58:29 AM
http://www.zerohedge.com/news/2017-10-12/china-launches-yuan-ruble-payment-system (http://www.zerohedge.com/news/2017-10-12/china-launches-yuan-ruble-payment-system)

The effect of which is TBD...

Right now this is just a bilateral thing...it needs traction and expansion to make a real dent in the dollar...
Title: Re: Dollar Being Isolated
Post by: Libertas on November 21, 2017, 07:31:37 AM
This makes no sense to me...

http://www.zerohedge.com/news/2017-11-20/doomsday-preppers-are-switching-allegiance-gold-bitcoin (http://www.zerohedge.com/news/2017-11-20/doomsday-preppers-are-switching-allegiance-gold-bitcoin)

...a not insignificant possibility confronting any serious prepper is an EMP attack...how exactly will you be able to access let alone use your Ether-coins when it all goes dark?

I'm pretty sure PM's are impervious to EMP waves...
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on November 21, 2017, 09:02:53 AM
This makes no sense to me...

http://www.zerohedge.com/news/2017-11-20/doomsday-preppers-are-switching-allegiance-gold-bitcoin (http://www.zerohedge.com/news/2017-11-20/doomsday-preppers-are-switching-allegiance-gold-bitcoin)

...a not insignificant possibility confronting any serious prepper is an EMP attack...how exactly will you be able to access let alone use your Ether-coins when it all goes dark?

I'm pretty sure PM's are impervious to EMP waves...

I am SOOO kicking myself.  Back when the greek bank bail-ins were occuring I saw some folks were moving money from the country with bitcoin... I went to Michelle and said "I want to put $1000" into bitcoin as a hedge to have money on the other side of a border if we are forced to cross  one. . She looked at it and said.. "it seems pretty scammy".  I have to admit it did (and still does) - it was  a fiat after all, run mostly by dark net types for money laundering.. .  In the end we decided we had better uses for that $1000 which would be about $800,000 now.

B
Title: Re: Dollar Being Isolated
Post by: Libertas on November 21, 2017, 11:17:55 AM
This makes no sense to me...

http://www.zerohedge.com/news/2017-11-20/doomsday-preppers-are-switching-allegiance-gold-bitcoin (http://www.zerohedge.com/news/2017-11-20/doomsday-preppers-are-switching-allegiance-gold-bitcoin)

...a not insignificant possibility confronting any serious prepper is an EMP attack...how exactly will you be able to access let alone use your Ether-coins when it all goes dark?

I'm pretty sure PM's are impervious to EMP waves...

I am SOOO kicking myself.  Back when the greek bank bail-ins were occuring I saw some folks were moving money from the country with bitcoin... I went to Michelle and said "I want to put $1000" into bitcoin as a hedge to have money on the other side of a border if we are forced to cross  one. . She looked at it and said.. "it seems pretty scammy".  I have to admit it did (and still does) - it was  a fiat after all, run mostly by dark net types for money laundering.. .  In the end we decided we had better uses for that $1000 which would be about $800,000 now.

B

Speculation is all about timing...and not being run over by insiders...
Title: Re: Dollar Being Isolated
Post by: Libertas on November 30, 2017, 07:31:24 AM
It is kinda hilarious...how can a communist nation be considered a "market economy"?!  There very essence of Communism is State control, of everything...which for morons means their economy as well.  So how can one compete as an independent capitalist company against a State-run entity?  The State can manipulate the sh*t out of everything...just has China has done, is doing and wants to be rewarded for doing.

http://www.zerohedge.com/news/2017-11-30/us-fights-chinas-market-economy-status-threatens-future-wto (http://www.zerohedge.com/news/2017-11-30/us-fights-chinas-market-economy-status-threatens-future-wto)

There is only one reason for China to push this...to use it as their excuse, lame as it may be, that the US isn't being fair to the poor little communist nation with half the worlds population in de facto bondage...

Another milestone along the path to isolating the dollar, marginalizing American economic dominance and become to bully of the world that America just can't seem to get right...
Title: Re: Dollar Being Isolated
Post by: Libertas on December 22, 2017, 09:03:40 AM
Terrorist-harboring Pakistan opts out of dollar in favor of yuan...

http://www.zerohedge.com/news/2017-12-21/pakistan-plans-replacing-dollar-yuan-trade-china (http://www.zerohedge.com/news/2017-12-21/pakistan-plans-replacing-dollar-yuan-trade-china)

...maybe that will make it harder for terrorists to fund operations against us...if they're stuck with yuan?!

 :D
Title: Re: Dollar Being Isolated
Post by: Libertas on December 29, 2017, 07:58:57 AM
Crypto Billionaire kidnapped, snuffed...who knows...

https://www.zerohedge.com/news/2017-12-29/bitcoin-exchange-ceo-kidnapped-leaving-office (https://www.zerohedge.com/news/2017-12-29/bitcoin-exchange-ceo-kidnapped-leaving-office)

Cyrpto billionaires...it's a different world innit?!
Title: Re: Dollar Being Isolated
Post by: John Florida on December 30, 2017, 02:42:28 PM
Terrorist-harboring Pakistan opts out of dollar in favor of yuan...

http://www.zerohedge.com/news/2017-12-21/pakistan-plans-replacing-dollar-yuan-trade-china (http://www.zerohedge.com/news/2017-12-21/pakistan-plans-replacing-dollar-yuan-trade-china)

...maybe that will make it harder for terrorists to fund operations against us...if they're stuck with yuan?!

 :D
   This may explain why Trump cut millions out of their aid package.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 01, 2018, 12:31:44 PM
Terrorist-harboring Pakistan opts out of dollar in favor of yuan...

http://www.zerohedge.com/news/2017-12-21/pakistan-plans-replacing-dollar-yuan-trade-china (http://www.zerohedge.com/news/2017-12-21/pakistan-plans-replacing-dollar-yuan-trade-china)

...maybe that will make it harder for terrorists to fund operations against us...if they're stuck with yuan?!

 :D
   This may explain why Trump cut millions out of their aid package.

This is pretty unequivical -


   
Trump rips Pakistan in first tweet of 2018:

President Trump blasted Pakistan in his first tweet of 2018, saying its leaders have given the U.S. “nothing by lies & deceit.”

“The United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies & deceit, thinking of our leaders as fools,” he said Monday morning.

“They give safe haven to the terrorists we hunt in Afghanistan, with little help. No more!” he added.

http://thehill.com/policy/international/366965-trump-rips-pakistan-in-first-tweet-of-2018 (http://thehill.com/policy/international/366965-trump-rips-pakistan-in-first-tweet-of-2018)

Fricken Paki's have been nothing but parasites living off of both sides in the WOT, time to make them put up or they can FOAD!

We should have sided with India decades ago, would have cut the Russians and Chinese out and put asswipes like Pakistan on notice we see no difference between them and any other batshyt muzzie sh*thole.
Title: Re: Dollar Being Isolated
Post by: John Florida on January 01, 2018, 12:41:24 PM
  They did what they were allowed to do by our idiots in DC!  Don't blame them the fault lies in DC as usual.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 01, 2018, 02:13:23 PM
All this cowardly "certification" BS, it's assclowns like Ted "Drown Your Date" Kennedy that dreamed up sh*t like that!

Congress needs a purge, Foggy Bottom, the Pentagon, the NSA, CIA, FBI...every damned department...yes, we are hampered abroad mostly because we are hampered at home!

The amount of diseased material to rid ourselves of is seemingly beyond anyone's ability to achieve!

(https://images2.imgbox.com/f0/de/CWXca8sz_o.jpg)
Title: Re: Dollar Being Isolated
Post by: Libertas on January 02, 2018, 12:58:57 PM
See what I said the other day about Pakistan and India?

This is timely -

https://www.weaselzippers.us/369603-pakistani-islamist-leader-calls-for-using-nuclear-weapons-against-israel-to-free-jerusalem/ (https://www.weaselzippers.us/369603-pakistani-islamist-leader-calls-for-using-nuclear-weapons-against-israel-to-free-jerusalem/)

Yeah, that crap is in Pakistan...and is a proven threat to India, US and Israel...

Cut off the Paki's!!!
Title: Re: Dollar Being Isolated
Post by: John Florida on January 02, 2018, 04:44:11 PM
See what I said the other day about Pakistan and India?

This is timely -

https://www.weaselzippers.us/369603-pakistani-islamist-leader-calls-for-using-nuclear-weapons-against-israel-to-free-jerusalem/ (https://www.weaselzippers.us/369603-pakistani-islamist-leader-calls-for-using-nuclear-weapons-against-israel-to-free-jerusalem/)

Yeah, that crap is in Pakistan...and is a proven threat to India, US and Israel...

Cut off the Paki's!!!
[/quote

  Only in a sick mind does destroying Jerusalem set it free.  Does he have any idea where Palestine is?? Does he think the Israel is just going to sit there and wait to die??   Or will Israel set the Pakis on Hell Fire!
Title: Re: Dollar Being Isolated
Post by: Libertas on January 03, 2018, 07:34:08 AM
I dunno...when crazy people talk about incinerating another race all bets are off.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 16, 2018, 09:00:22 AM
More in the political version of "You Suck! Oh yeah? You Suck!" game...

https://www.zerohedge.com/news/2018-01-16/china-downgrades-us-credit-rating-bbb-warns-us-insolvency-would-detonate-next (https://www.zerohedge.com/news/2018-01-16/china-downgrades-us-credit-rating-bbb-warns-us-insolvency-would-detonate-next)

Pots & Kettles

Kibbles & Bits

Chutes & Ladders

 ::)
Title: Re: Dollar Being Isolated
Post by: Pandora on January 16, 2018, 11:44:11 AM
Weisshaupt started this thread, speaking of, haven't "seen" him here in a bit.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 16, 2018, 12:00:49 PM
Could have his hands full on the Ponderosa...
Title: Re: Dollar Being Isolated
Post by: John Florida on January 16, 2018, 03:54:37 PM
Could have his hands full on the Ponderosa...

 I hope that's all it is.
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on January 17, 2018, 09:36:05 PM
Weisshaupt started this thread, speaking of, haven't "seen" him here in a bit.

Present. Just less often.  Have my focus elsewhere at the moment.
 ::grouphug::
Title: Re: Dollar Being Isolated
Post by: Pandora on January 17, 2018, 10:06:38 PM
Good to know you're okay and checking in.    ::grouphug::
Title: Re: Dollar Being Isolated
Post by: Libertas on January 18, 2018, 06:50:40 AM
 ::thumbsup::
Title: Re: Dollar Being Isolated
Post by: John Florida on January 18, 2018, 10:25:15 AM
  Thought the bull got you.    ::rolllaughing::
Title: Re: Dollar Being Isolated
Post by: Libertas on January 24, 2018, 08:12:33 AM
The latest tit for tat...

Slam the dollar, slam bonds...

https://iotwreport.com/president-trump-signs-section-201-trade-action/

A modest slam on dumping.

Next!
Title: Re: Dollar Being Isolated
Post by: John Florida on January 24, 2018, 09:13:07 AM
The latest tit for tat...

Slam the dollar, slam bonds...

https://iotwreport.com/president-trump-signs-section-201-trade-action/

A modest slam on dumping.

Next!

 They have to opportunity to do the right thing and build their products here and hire American workers or go elsewhere with their products.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 25, 2018, 06:51:23 AM
The latest tit for tat...

Slam the dollar, slam bonds...

https://iotwreport.com/president-trump-signs-section-201-trade-action/

A modest slam on dumping.

Next!

 They have to opportunity to do the right thing and build their products here and hire American workers or go elsewhere with their products.

It's a modest start, of course the Chi-Com's and their vassals here will go apenuts...but you are right, want to make a go of something the best way is to invest locally.
Title: Re: Dollar Being Isolated
Post by: Libertas on May 01, 2020, 08:50:22 AM
Small Italian town goes to a local currency during C-19 hysteria.

https://www.zerohedge.com/crypto/italian-town-creates-new-currency-cope-covid-19 (https://www.zerohedge.com/crypto/italian-town-creates-new-currency-cope-covid-19)

Should just stamp own silver coins as silver is a natural anti-microbial material for small transactions...make just a couple denominations in gold...use a LOC for larger transactions...don't need to laminate paper...expose it to the sun...or a UV light.
Title: Re: Dollar Being Isolated
Post by: Libertas on September 23, 2021, 10:17:39 AM
This is serious...BIS is THE clearinghouse...

https://twitter.com/SwanBitcoin/status/1372859090943246340

...this will eliminate the dollar and every other fiat currency without exception...and they would naturally want "banking" to be done in one crypto currency...pretty sure independent crypto would be in their crosshairs next.

Only way around it is for those with means (cue China, Russia etc) to hold court in their own clearinghouse...

Either way, trade would get messy...disputes could quickly boil over into shooting wars...and underground barterworld would commence...

Given the dark days we are already in...seems about par for the course...
Title: Re: Dollar Being Isolated
Post by: Libertas on September 24, 2021, 08:57:14 AM
Sum Ting Wong?

No, Chi-Com's just reading the obvious tea leaves...

https://www.zerohedge.com/markets/china-declares-all-virtual-currency-transactions-illegal-sending-crypto-prices-tumbling (https://www.zerohedge.com/markets/china-declares-all-virtual-currency-transactions-illegal-sending-crypto-prices-tumbling)
Title: Re: Dollar Being Isolated
Post by: Libertas on October 18, 2021, 08:23:40 AM
https://www.zerohedge.com/markets/bitcoins-futures-etf-launch-tuesday (https://www.zerohedge.com/markets/bitcoins-futures-etf-launch-tuesday)

https://news.bitcoin.com/neil-patrick-harris-hodls-bitcoin-partners-cryptocurrency-atm-operator/ (https://news.bitcoin.com/neil-patrick-harris-hodls-bitcoin-partners-cryptocurrency-atm-operator/)

How does BTC get used when the grid and web go down?
Title: Re: Dollar Being Isolated
Post by: Weisshaupt on October 18, 2021, 08:41:41 AM

How does BTC get used when the grid and web go down?

You can't stop the signal Mal

It would need to be taken down world wide.. If it stays up anywhere, then 3rd parties will have to bank it for you -  you call them up, or write a letter/check and they move it around and send a statement.  If you do partial outages, then it will  be all TOR/Blackmarket /Encrypted VPN stuff, but it   will still happen.


But taking down all of the power and all internet connectivity would cause most people under 30 to lay down in their beds and never get up again.  They don't know how to live without a working cell phone and social media.
Title: Re: Dollar Being Isolated
Post by: Pandora on October 18, 2021, 05:38:00 PM
Quote
But taking down all of the power and all internet connectivity would cause most people under 30 to lay down in their beds and never get up again.  They don't know how to live without a working cell phone and social media.

No kidding!  And a bunch of older folks as well!

We got caught in a miles and miles-long traffic jam on Saturday (8 car pile-up ahead) and as we inched by, I checked what the cars' occupants in the next lane were doing:  on their phones.  Inch up, back to phone; inch up, back to phone.

Today, while traveling, I saw one, in particular, blind texting with one hand, the other hand on the wheel.

I can't wait for TEOTWAWKI.
Title: Re: Dollar Being Isolated
Post by: Libertas on October 19, 2021, 08:10:47 AM
Quote
But taking down all of the power and all internet connectivity would cause most people under 30 to lay down in their beds and never get up again.  They don't know how to live without a working cell phone and social media.

No kidding!  And a bunch of older folks as well!

We got caught in a miles and miles-long traffic jam on Saturday (8 car pile-up ahead) and as we inched by, I checked what the cars' occupants in the next lane were doing:  on their phones.  Inch up, back to phone; inch up, back to phone.

Today, while traveling, I saw one, in particular, blind texting with one hand, the other hand on the wheel.

I can't wait for TEOTWAWKI.

I miss the old days...cars with engine bays I could crawl into and tinker with on my own...devices not beeping at me telling me I have to do something...people goofing off in cars the old fashioned ways...

O/T- On the latter, all-time scariest thing I saw back in the day...a gal in morning rush hour traffic obviously steering with her leg and both hands busy - doing make up in the rear view mirror with her right hand, cup o joe in her left hand...heater hanging off her lip...(and I think her hair was still in curls)...

Me, upon witnessing this - "What the F, are you shi****** me?!" (Accelerate with extreme haste and get way ahead of that train-wreck-in-progress)

The creature above probably has better survival skills than mommies current basement dwellers and their ilk...
Title: Re: Dollar Being Isolated
Post by: Libertas on December 31, 2021, 01:47:33 PM
No fan of gamed fiat...but gamed digital is every bit as if not more scary than it!

https://www.zerohedge.com/economics/bank-mexico-announces-its-own-central-bank-digital-currency-2024 (https://www.zerohedge.com/economics/bank-mexico-announces-its-own-central-bank-digital-currency-2024)

All governments are corrupt...and the corrupt will not be friendly to the common people but to their allies and fellow oligarchs...

This cannot end well no matter what...
Title: Re: Dollar Being Isolated
Post by: patentlymn on January 01, 2022, 04:26:56 PM

Every time the US sanctions some country they provide one more incentive to work around the dollar. I lose track of all the countries we sanction. The US has been threatening to remove Russia from SWIFT for a long time. That means Russia has been planning to create their alternative to SWIFT for a long time.

Russia wanted to be part of Europe and even wanted to join NATO at one point. Instead the US forced them into their second choice relationship with China. I recall they trade each other not using dollars now. Countries that used to trade mostly with the US now do so with China. If Russia and China use their own version of SWIFT they might try to trade with the rest of the world not using dollars.



Title: Re: Dollar Being Isolated
Post by: Libertas on January 02, 2022, 12:09:59 PM
As I stated in Ukraine thread...peace was missed under Clinton...and Czarist Russia acting like Soviet Russia and corrupt Deep-state America of today will never see eye to eye.

And the idiots here are doing more on their own to destroy the dollar than sanctions could ever hope to achieve...it's just another factor...

If Russia de-coupled from Iran and Syria maybe...

If America engaged in like kind maybe...

See either of those happening?
Title: Re: Dollar Being Isolated
Post by: Libertas on January 13, 2022, 08:29:23 AM
https://www.zerohedge.com/markets/dollar-dumped-after-soaring-cpi-crypto-crude-jump (https://www.zerohedge.com/markets/dollar-dumped-after-soaring-cpi-crypto-crude-jump)

Greenback took a beating...probably not as bad as the beating FJB continues to enjoy...but the boxed-in Fed, the crackhead Congress spendaholics untamed, Team FJB making one dumb move after another...there is enough bad baked into everything that even a lifting of plandemic scarathon (how the frack does that work for power-mad lunatics?) and a re-opening of America is likely to keep the dollar battered, inflation locked-in if not higher...and prospects no brighter than when the Fedsurrection began...

Even GS traders are expecting more bad news, and heck, they on the inside...

Let's see the T shorts activity over the coming weeks...
Title: Re: Dollar Being Isolated
Post by: Libertas on February 23, 2022, 09:31:32 AM
Not surprising...

https://www.zerohedge.com/crypto/russias-ministry-finance-submits-bitcoin-bill-proposal (https://www.zerohedge.com/crypto/russias-ministry-finance-submits-bitcoin-bill-proposal)

A dollar and sanctions dodge...

But, requiring "knowledge tests"?  "Annual 'limits' for people"?  Sounds like Vlad wants this in hands of business and oligarchs with "people" just riding along for the ride.
Title: Re: Dollar Being Isolated
Post by: Libertas on April 03, 2022, 12:00:03 PM
OK, here's where the BS starts to fly so fast and furious it is hard to keep up with it all, just triggers a freakin' headache when these Russophiles get a raging one and run wild with it...

https://www.zerohedge.com/commodities/paradigm-shift-western-media-hasnt-grasped-yet-russian-ruble-relaunched-linked-gold-and (https://www.zerohedge.com/commodities/paradigm-shift-western-media-hasnt-grasped-yet-russian-ruble-relaunched-linked-gold-and)

Logic points somebody can try to reconcile for me:

If Rus bank selling gold stabilizes Ruble downside with gold-linked dollar...they have to sell said gold, right?  So, if selling gold...their gold-backed Ruble scheme discussed downstream is weakened if their reserves are depleted through Ruble-supporting sales...yet, as if by magic that is solved by getting gold for oil and gas exports...which would have to come primarily from China and India as they have been loading up on gold too, but their reserves are not inexhaustible either and the depletion would hurt their fiat schemes too...and Euro's cannot pay in gold without incurring wrath from America and also faces limited reserves...so exactly how is this shell game to work both directions for Russia???

Seems to me this is just a lot of Russophile premature speculation...wanting something to be that isn't quite there merely because they so desperately have been lusting for it for decades...
Title: Re: Dollar Being Isolated
Post by: Libertas on April 06, 2022, 12:12:37 PM
Here's where the games reach childish levels...

https://www.zerohedge.com/geopolitical/russia-sends-650-million-bond-payment-rubles-after-us-treasury-blocks-dollar (https://www.zerohedge.com/geopolitical/russia-sends-650-million-bond-payment-rubles-after-us-treasury-blocks-dollar)

...not allowed to pay in Rubles...banned from paying in allowed Dollars...

...everybody gets what they want...Sanction-lovers see Russia default...Russia blames big bad America...

...nice to be so cavalier about serious things, innit?
Title: Re: Dollar Being Isolated
Post by: Libertas on April 29, 2022, 12:27:40 PM
Well, isn't this just fascinating?!

https://www.zerohedge.com/markets/new-gold-standard-kremlin-confirms-intention-back-ruble-gold-and-commodities (https://www.zerohedge.com/markets/new-gold-standard-kremlin-confirms-intention-back-ruble-gold-and-commodities)

None of this is new.  Russia's Chi-Com allies have long sought to displace the dollar as the worlds reserve currency...but the Yuan is not the ideal vehicle and the Communist Masters not the right managers the majority of the world would accept.  I believe the Chi-Com's allowed the Russian state to take a lead in this...which given the Ukraine invasion is curious now...but in pre-invasion terms there was less distrust of Russia than China in a global sense...now, they are appearing not all that different from the ambitious Communists. 

Anyway, so plow ahead with a commodities-based Ruble...but even the fella interviewed (more on that chap in a bit) admits initially this is an "internal" launch.  There's a lot that has to happen to create even limited utilization in international commerce terms, and much of that pending conclusion of the Ukraine affair.  But, expectations of the Ruble as the new world reserve currency is very premature...and if in a post-Ukraine world it occurs in the next decade...I predict if it is successfully rolled out to the world...the Russians won't have to worry about the Dollar and America...but the Yuan and the jealous Communist Chinese, whose larger GDP (assuming things return to a pre-scamdemic/pre-Ukraine normalcy) will overtake Russia's Ruble.

And America, unless collapsed and ruined...would still be around as would the Dollar, even if weakened and battered...because none of the other surviving partners would be in any better position.  So, a bifurcated system seems highly likely.

Now, to the most interesting part...this all spilling out of the person of Nikolai Patrushev, Secretary of the Russian Security Council...the man I hold accountable for the disappearance of Defense Minister Shoigu...

It seems to me, Niko's rise...blessed honestly or by intimidation by Putin, seems to have elevated this hardliner of hardliners to a position second in actual power to only Putin himself...and I cannot say this bodes well for the future of the planet.  If his increased stature is blessed by Putin he is the heir-apparent to the expanding Rus Empire...if it is being driven by him Putin's days could be numbered.  Being no fan-boy of Putin...Patrushev replacing him elevates my concern ten-fold.
Title: Re: Dollar Being Isolated
Post by: Libertas on July 12, 2022, 09:26:13 AM
They need all hands on deck to have a chance...

https://www.zerohedge.com/geopolitical/china-and-russia-want-replace-us-dollar-brics-currencies (https://www.zerohedge.com/geopolitical/china-and-russia-want-replace-us-dollar-brics-currencies)

...not a one is without economic weaknesses, political corruption or societal turmoil...and hilariously enough Russia may be the most stable...but how likely is China to play second fiddle and the rest won't jockey for position?  Not very...

And even if they get all their poop in a group...the combination may be on par with the US...and as I stated in earlier posts...the hapless Euro's are on the outside of all this...

Leaving two questions:  1) Will the US stupidly keep trying to keep the Euro's afloat at risk of being sucked into 2nd or 3rd world status themselves?  (I see only a corrupt Demscat/Cuck government being that stupid) and 2) Can the US nationalize crypto fast enough before the BRICS basket of fiat comes online? 

As discussed here - http://itsaboutliberty.com/index.php/topic,18873.0.html (http://itsaboutliberty.com/index.php/topic,18873.0.html)

(I think I lean towards 50-50 on that call)

Title: Re: Dollar Being Isolated
Post by: ToddF on July 12, 2022, 10:32:57 AM
Maybe if they tied it to some sort of gold standard, it could take off?
Title: Re: Dollar Being Isolated
Post by: Libertas on July 12, 2022, 12:09:23 PM
Someone who isn't gaming their markets?

https://itsaboutliberty.com/index.php/topic,913.msg197870/topicseen.html#msg197870

The speculation has always been that these nations collectively or concurrently would link to gold...Russia, China, South Africa and India have always been producers and holders of the shiny barbaric relic...

They would need a mechanism to mitigate non-BRICS market manipulations impacting them, means cutting off from the rest of the world...that bifurcation of markets could prove interesting...and would take more time to put into place...
Title: Re: Dollar Being Isolated
Post by: patentlymn on July 12, 2022, 03:32:19 PM

I read somewhere that it might be based on a basket of commodities, not just gold.
IMO the US kicked this off big time by freezing Russian central bank assets which were located in the US. Other countries are afraid they might be next as the US loves to sanction other countries. Russia showed that countries can survive off SWIFT.



Title: Re: Dollar Being Isolated
Post by: Libertas on July 12, 2022, 04:20:36 PM

I read somewhere that it might be based on a basket of commodities, not just gold.
IMO the US kicked this off big time by freezing Russian central bank assets which were located in the US. Other countries are afraid they might be next as the US loves to sanction other countries. Russia showed that countries can survive off SWIFT.

Yes, their initial thought was a basket...but gold was just a portion...I don't think a final decision is anywhere near yet.  And it was coming regardless of what Euro fools or the illegitimate occupation government did...if anything their actions merely sped up the timetable/called their bluff...depending whatever point of view fills your jib...
Title: Re: Dollar Being Isolated
Post by: patentlymn on July 12, 2022, 05:48:48 PM

I read somewhere that it might be based on a basket of commodities, not just gold.
IMO the US kicked this off big time by freezing Russian central bank assets which were located in the US. Other countries are afraid they might be next as the US loves to sanction other countries. Russia showed that countries can survive off SWIFT.

Yes, their initial thought was a basket...but gold was just a portion...I don't think a final decision is anywhere near yet.  And it was coming regardless of what Euro fools or the illegitimate occupation government did...if anything their actions merely sped up the timetable/called their bluff...depending whatever point of view fills your jib...

IMO The US actions sped it up.
Title: Re: Dollar Being Isolated
Post by: Libertas on July 13, 2022, 08:00:29 AM

I read somewhere that it might be based on a basket of commodities, not just gold.
IMO the US kicked this off big time by freezing Russian central bank assets which were located in the US. Other countries are afraid they might be next as the US loves to sanction other countries. Russia showed that countries can survive off SWIFT.

Yes, their initial thought was a basket...but gold was just a portion...I don't think a final decision is anywhere near yet.  And it was coming regardless of what Euro fools or the illegitimate occupation government did...if anything their actions merely sped up the timetable/called their bluff...depending whatever point of view fills your jib...

IMO The US actions sped it up.

And now the bifurcation can commence...

Funny, I wonder if this was part of the hidden script behind Firefly and the exodus from the dystopian Earth?
Title: Re: Dollar Being Isolated
Post by: Libertas on July 15, 2022, 12:44:24 PM
This will accelerate the bifurcation...

https://www.zerohedge.com/geopolitical/preparing-apply-membership-saudi-arabia-turkey-brics-plan-join-brics (https://www.zerohedge.com/geopolitical/preparing-apply-membership-saudi-arabia-turkey-brics-plan-join-brics)

...going to be hilarious seeing how the relationship with Turkey evolves and if they stay in NATO...or are spurned membership in BIRCS unless they bail on NATO...

...and the Saudi's are obviously interested in moving beyond the US, which is interesting given Russia and China especially have heavy dealings with the Mahdi Death Cult running Iran and the Saudi's are threatened by the Cult...

...lot of horse-trading yet to come...
Title: Re: Dollar Being Isolated
Post by: Libertas on October 26, 2022, 08:30:44 AM
Fresh off consolidating power Xi dumps dollars...

https://www.zerohedge.com/markets/chinas-yuan-soars-most-record-after-beijing-orders-banks-dump-dollars (https://www.zerohedge.com/markets/chinas-yuan-soars-most-record-after-beijing-orders-banks-dump-dollars)

It'll all be fine, in Xi World, once Taiwan is invaded...nothing like war to reinvigorate an economy in need.
Title: Re: Dollar Being Isolated
Post by: Pandora on October 26, 2022, 10:33:58 AM
According to Carol Roth (https://www.carolroth.com/blog/small-business-marketing-tips-in-a-bad-economy/), many Western countries are "dumping" their gold, including the US.
Title: Re: Dollar Being Isolated
Post by: Libertas on October 26, 2022, 11:45:40 AM
The desperate sell, this wise buy...

Russia, China & India are always on the latter...the West mostly on the former...

On the dollar front -

https://www.zerohedge.com/markets/roubini-warns-imminent-dollar-crash-fed-going-wimp-out-inflation-fight (https://www.zerohedge.com/markets/roubini-warns-imminent-dollar-crash-fed-going-wimp-out-inflation-fight)

...it seems a bit too easy to peg The Fed as a bunch of gutless fools...but it's easy because it is true...

...the corner they backed themselves into was backed into on purpose...they fear all exits...and they cannot solve for A - Z...the right move is the most unpopular for gutless creatures, taking your medicine and admitting your past mistakes led you to this pain and falling on your sword once the beast has been slain...something their counterparts on the fiscal end of this nightmare and their chronic overspending hath wrought with the ghastly debt situation...

...but this is the era of gutless cowards...when it all hits the fan...they'll try to escape to their isolated retreats and bunkers...
Title: Re: Dollar Being Isolated
Post by: Libertas on November 13, 2022, 10:39:05 AM
I'm really hating being right!!!   ::outrage::   ::cussing::   ::gaah::

After yet another corrupt "election" cycle (https://itsaboutliberty.com/index.php/topic,18210.msg199701/topicseen.html#msg199701) treasonously funded by yet another criminal scheme (https://itsaboutliberty.com/index.php/topic,19268.msg199700/topicseen.html#msg199700)...it appears the latter is giving totalitarians a bonus excuse to outlaw private crypto, just as I said the would as an initial move to have government move to convert fiat to crypto...as the ONLY legal currency one can ever have!

Viola!  I give you the nefarious Janet Yellen!

https://www.thegatewaypundit.com/2022/11/go-janet-yellen-calls-crypto-regulated-biden-mega-donor-collapses-multi-billion-dollar-crypto-ponzi-scheme/ (https://www.thegatewaypundit.com/2022/11/go-janet-yellen-calls-crypto-regulated-biden-mega-donor-collapses-multi-billion-dollar-crypto-ponzi-scheme/)

Regulate, exterminate...and government remains the only game in town.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 18, 2023, 09:08:40 AM
https://www.zerohedge.com/crypto/iran-and-russia-want-issue-stablecoin-backed-gold-report (https://www.zerohedge.com/crypto/iran-and-russia-want-issue-stablecoin-backed-gold-report)

Uhh huh...keep hearing this but never see this...

When?

Who?

Where?

How?  Like who's gold?  People have to physically deposit in each others vaults or we talking paper gold promises?

Details Ivan & Achmed...details!
Title: Re: Dollar Being Isolated
Post by: Libertas on January 20, 2023, 08:20:31 AM
This comes as perfect timing in regards to the above...

https://www.zerohedge.com/markets/contrarian-thoughts-petro-yuan-and-gold-backed-currencies (https://www.zerohedge.com/markets/contrarian-thoughts-petro-yuan-and-gold-backed-currencies)

...it's nice to see ZH posting some common sense articles based in reality and not the typical ad hom attacks du juor.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 27, 2023, 09:44:04 AM
https://www.zerohedge.com/markets/dollar-collapse-now-motion-saudi-arabia-signals-end-petro-status (https://www.zerohedge.com/markets/dollar-collapse-now-motion-saudi-arabia-signals-end-petro-status)

Some people, I call them fools, think this break with the dollar is necessary, deserved and long overdue...

In reality it would make things exponentially more dangerous for the globe...

If SA ends the dollar, the US would effectively have only two options to counteract it quickly...and which do these folks think the despotic clowns in control are going to chose?

1) Stop buying foreign oil and re-open America's organic energy resources to its maximum potential.

 - or -

2)  Invade SA and take their oil and gas for themselves.

?
Title: Re: Dollar Being Isolated
Post by: Pandora on January 27, 2023, 10:19:14 AM
Why #2, of course!  Which is gonna be a hoot when SA gets a look at the US military trannies/gays/freaks doing the "invading"
Title: Re: Dollar Being Isolated
Post by: patentlymn on January 27, 2023, 06:40:58 PM

This de-dollarization was predicted if the US enacted all the anti RU financial sanctions which is why the US fed went nuts opposing them. In particular, disconnecting SWIFT and seizing RU sovereign wealth.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 28, 2023, 10:35:47 AM
Kicking out of SWIFT et al was stupid, it was an action without teeth going in and I am surprised the IC let them do it as it makes it harder to track transactions.

Anyway, the batshyt-crazy are running everybody's institutions all over the globe, and all people are doing is increasing polarization and ensuring wars will rage...

Misery for all is all everybody is going to get...
Title: Re: Dollar Being Isolated
Post by: patentlymn on January 28, 2023, 01:50:34 PM

The US is telling other countries they would never seize their central bank funds, just Russia's.
Did the UK return the VE gold yet?

In recent years the US backed unsuccessful coups in Kazakhstan, Belarus, and maybe Turkey.
Now Victoria Nuland (Ms. Piggy)  is talking openly about backing the opposition in Belarus.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 29, 2023, 08:33:07 AM
Don't see Russia, Cuba, North Korea, China et al admitting to assassinations, coups, espionage, larceny and extortions they've been linked to either...

Looking for innocents is a fools errand...

Everyone is culpable, complicit and compromised...

Welcome to planet Earth...
Title: Re: Dollar Being Isolated
Post by: patentlymn on January 29, 2023, 10:27:30 AM
Yeah. The US screwed itself by recent financial actions against Russia. The fed was screaming privately at the time NOT to seize Russian sovereign wealth/central bank assets.  Now even Saudi Arabia is talking about ending the petrodollar.
Title: Re: Dollar Being Isolated
Post by: Libertas on January 30, 2023, 08:38:31 AM
And I do not understand what more people need to know about the intentional destruction being done and why it is being done?

Well, here's some more sure to keep idiots heads buried in the sand...

https://www.zerohedge.com/political/white-house-targets-cryptocurrencies-calls-stronger-enforcement-regulators (https://www.zerohedge.com/political/white-house-targets-cryptocurrencies-calls-stronger-enforcement-regulators)

You cannot end private crypto without first regulating it for planned extermination and once exterminated government can call unconverted cash holdings into government cyrpto as devoid of value...then it will have total cradle-to-grave control over every soul...what they buy, what they sell, what they eat, what they read, what they say, who they marry...literally people will become total slaves overnight.

I say eff that and them.
Title: Re: Dollar Being Isolated
Post by: Libertas on February 03, 2023, 11:51:41 AM
The CBDC sh*tstorm approacheth like a thief in the night...

https://www.zerohedge.com/political/warning-shot-fired (https://www.zerohedge.com/political/warning-shot-fired)

...get the shiny and flash them your heinie!
Title: Re: Dollar Being Isolated
Post by: Libertas on February 10, 2023, 09:12:55 AM
These assholes are moving a lot faster than I expected, perhaps too fast...

https://www.zerohedge.com/crypto/operation-choke-point-20-underway-and-crypto-its-crosshairs (https://www.zerohedge.com/crypto/operation-choke-point-20-underway-and-crypto-its-crosshairs)

...can only hope for a hared fast backlash and major backfire...or this shizzle is going to get fugly...
Title: Re: Dollar Being Isolated
Post by: patentlymn on February 10, 2023, 10:06:38 AM
Oops. I already posted this.

Gonzalo Lira used to manage money/investments as I recall. He said that the US is the largest holder of cash from people in other countries who want a safe place to stash it. Lots of Saudi and Chinese money. They are getting creeped out by the US seizing the wealth of Russia and private Russian citizens. AG Garland just announced DOJ was moving fast on seizing the wealth of Russians. What is the legal basis? Who is next?
Title: Re: Dollar Being Isolated
Post by: Libertas on February 10, 2023, 01:26:01 PM
Oops. I already posted this.

Gonzalo Lira used to manage money/investments as I recall. He said that the US is the largest holder of cash from people in other countries who want a safe place to stash it. Lots of Saudi and Chinese money. They are getting creeped out by the US seizing the wealth of Russia and private Russian citizens. AG Garland just announced DOJ was moving fast on seizing the wealth of Russians. What is the legal basis? Who is next?

Everybody. 

The Fedcoat crypto crackdown now being picked up by the corrupt SEC...

https://www.zerohedge.com/political/sec-warns-against-including-crypto-assets-retirement-accounts (https://www.zerohedge.com/political/sec-warns-against-including-crypto-assets-retirement-accounts)

So, once physical fiat/physical fiat-based electronic transfers are banned and only govt crypto allowed...your money will be only THEIR money!
Title: Re: Dollar Being Isolated
Post by: Libertas on February 25, 2023, 10:46:51 AM
https://bigleaguepolitics.com/us-legislators-propose-ban-on-central-bank-digital-currency/

Yeah, existentially necessary to prevent it at any cost, but people are going to have to keep pushing this and not lose focus...

Which can be said about anything...hence my general unease is not dissipating...
Title: Re: Dollar Being Isolated
Post by: Pandora on February 25, 2023, 09:57:32 PM
Mine either.  The state Legislatures also need a continuous reminder.
Title: Re: Dollar Being Isolated
Post by: Libertas on March 12, 2023, 11:54:24 AM
The SVB collapse and any that may follow will also be used as excuses for going CBDC...like everything else, total statist control buries lots of things from coming to ight...but whats a little total loss of liberty and freedom for a (cough) perfected (cough) medium of exchange?

/

And...this makes total sense...

https://theconservativetreehouse.com/blog/2023/03/11/kristi-noem-sends-warning-about-state-level-effort-to-redefine-currency-same-legislation-currently-hitting-20-states/

...from a despotic puppetmaster and weak-minded common political hack point of view...

Too many today rely in lobbyists to write legislation they don't read because their campaign coffers rely on the same SOBs!!!   ::outrage::   ::cussing::   ::angry::

https://youtu.be/tbgWf72vZhg

CBDC?!

OMDB!!!
Title: Re: Dollar Being Isolated
Post by: patentlymn on March 12, 2023, 12:14:46 PM
IMO the Ukraine war sped up the pace of isolating the dollar; big time.
Title: Re: Dollar Being Isolated
Post by: Libertas on March 12, 2023, 02:46:21 PM
The suicidal sanctions that only an idiot couldn't see were going to be injurious to Western economies already crippled by insane and unnecessary totalitarian lockdowns during the scamdemic you mean.  The war was going to happen with or without sanctions, everybody's idiot was all-in on that.
Title: Re: Dollar Being Isolated
Post by: patentlymn on March 12, 2023, 04:58:07 PM
Headlines indicate that much of the world is grouping together partly in response to endless US sanctions.
Russia, China, India, Saudi, Iran. China is normally reserved but recently tore into the US with language not like them. Two African leaders told Macron and a US diplomat to pound sand. China is building plants all over. I think Russia discussed building a refinery some place maybe Venezuela. China might build a refinery in Saudi, something the US used to do.

China built a railroad through Laos. The US threatens people. I think people notice more and more. I think the US used sanction too much for our own good.

Title: Re: Dollar Being Isolated
Post by: Libertas on March 13, 2023, 08:16:43 AM
The sanctions were stupid, but so are the people thinking The Dragon in the end won't enslave them.  But, ignorance is bliss for the foolish...

But, whatever...if people think inheriting ashes means they win who am I to care about any of it?
Title: Re: Dollar Being Isolated
Post by: Libertas on March 31, 2023, 09:40:19 AM
Hey, flipping that Brazil election really gave the BRICS a better B partner, huh?  And all JoeFraud did was let that steal happen too because a Latin Trump is just so much worse for American than a, er...Marxist Brazil in lock-step with the rest of the BRICS and uhh, their plan to end the dollar dollar dominance...which can umm, only hurt America...

Brilliant!

/

https://www.zerohedge.com/markets/china-and-brazil-strike-deal-ditch-us-dollar (https://www.zerohedge.com/markets/china-and-brazil-strike-deal-ditch-us-dollar)

And the House of Saud are all whores...always have been...but under MBS they no longer pretend to be friendly with their John's from the West...they'll spread their oil rigs for whoever best ensures the families coffers are full...

https://www.zerohedge.com/geopolitical/saudi-arabia-joins-china-led-economic-and-security-bloc-russia-also-member (https://www.zerohedge.com/geopolitical/saudi-arabia-joins-china-led-economic-and-security-bloc-russia-also-member)

Good luck with all those sluts...

Likely win the battles but the war may be another thing....

Oh well, nothing like rank pathetic weakness in America birthed by fraud and corruption to make it easy for them...

(https://media.townhall.com/cdn/hodl/cartoons/afb032823dAPR-800x0.jpg)H/T-WZ
Title: Re: Dollar Being Isolated
Post by: patentlymn on March 31, 2023, 02:48:29 PM
No idea where to file this in short time. Kim Iversen has landed some big win interviews recently. Maybe they are approaching her as little chance of getting on CNN. Kim is almost giddy at the intellectual catnip. Some guy with good CV and central banks experience. Tells her her gut is not wrong. I fell asleep last night. LONG.

https://youtu.be/FFAbK20rXa0
 Conversation With Economist Richard Werner | The Plandemic Was Used To Usher In TOTAL CONTROL
Kim Iversen

Richard Werner author and University of Winchester professor & internationally renowned economist with a track record for accurate economic analysis joins us.

Find Richard's publications here: https://quantumpublishers.com/entry.html
Reach out to Richard here: https://professorwerner.org/

Originally aired February 24, 2023 on Rumble.
Title: Re: Dollar Being Isolated
Post by: Libertas on June 06, 2023, 08:38:53 AM
As predicted, there will be more episodes like this...

https://www.zerohedge.com/crypto/coinbase-crashes-after-sec-sues-crypto-exchange (https://www.zerohedge.com/crypto/coinbase-crashes-after-sec-sues-crypto-exchange)

...all private crypto players must be destroyed by any means possible if CBDC is to reign supreme and usher in a new era of totalitarian tyranny in the world.
Title: Re: Dollar Being Isolated
Post by: Libertas on June 20, 2023, 08:47:18 AM
The statists at UN recycle WEF vomit as their avenue for totalitarian control of all...

https://www.zerohedge.com/geopolitical/united-nations-planning-digital-id-linked-bank-accounts (https://www.zerohedge.com/geopolitical/united-nations-planning-digital-id-linked-bank-accounts)

"No" means NO!

 ::doublebird::
Title: Re: Dollar Being Isolated
Post by: Libertas on June 22, 2023, 08:25:06 AM
https://www.zerohedge.com/geopolitical/watch-imf-managing-director-says-we-are-working-hard-global-cbdc (https://www.zerohedge.com/geopolitical/watch-imf-managing-director-says-we-are-working-hard-global-cbdc)

Again...NO!

These despots are asking to be kicked!
Title: Re: Dollar Being Isolated
Post by: Libertas on June 26, 2023, 02:23:21 PM
https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/ (https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/)

Get it through your fat Bulgarian Soviet statist head - No, Never...not under any circumstance or threat!

 ::viking::
Title: Re: Dollar Being Isolated
Post by: Pablo de Fleurs on June 26, 2023, 07:33:35 PM
https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/ (https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/)

Get it through your fat Bulgarian Soviet statist head - No, Never...not under any circumstance or threat!

 ::viking::

CBDC framework/platform supposed to go live this Saturday, July 1st.
Title: Re: Dollar Being Isolated
Post by: Libertas on June 27, 2023, 08:26:18 AM
https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/ (https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/)

Get it through your fat Bulgarian Soviet statist head - No, Never...not under any circumstance or threat!

 ::viking::

CBDC framework/platform supposed to go live this Saturday, July 1st.

Hmmm, where are the worlds hackers when we need them?
Title: Re: Dollar Being Isolated
Post by: Pablo de Fleurs on June 27, 2023, 08:58:38 AM
https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/ (https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/)

Get it through your fat Bulgarian Soviet statist head - No, Never...not under any circumstance or threat!

 ::viking::

CBDC framework/platform supposed to go live this Saturday, July 1st.

Hmmm, where are the worlds hackers when we need them?

Yeah. The launching of the platform sets the stage for eventual cash confiscation & a social credit system where the gumminit can turn you "on" & "off" like a water faucet, based upon your behavior or political perspectives.
Title: Re: Dollar Being Isolated
Post by: Libertas on June 27, 2023, 09:34:14 AM
https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/ (https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/)

Get it through your fat Bulgarian Soviet statist head - No, Never...not under any circumstance or threat!

 ::viking::

CBDC framework/platform supposed to go live this Saturday, July 1st.

Hmmm, where are the worlds hackers when we need them?

Yeah. The launching of the platform sets the stage for eventual cash confiscation & a social credit system where the gumminit can turn you "on" & "off" like a water faucet, based upon your behavior or political perspectives.

How about a on, scratch that...off button for tyrannical government?
Title: Re: Dollar Being Isolated
Post by: Pablo de Fleurs on June 27, 2023, 09:14:18 PM
https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/ (https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/)

Get it through your fat Bulgarian Soviet statist head - No, Never...not under any circumstance or threat!

 ::viking::

CBDC framework/platform supposed to go live this Saturday, July 1st.

Hmmm, where are the worlds hackers when we need them?

Yeah. The launching of the platform sets the stage for eventual cash confiscation & a social credit system where the gumminit can turn you "on" & "off" like a water faucet, based upon your behavior or political perspectives.

How about a on, scratch that...off button for tyrannical government?

I believe that's covered . . . somewhere in the Bill of Rights -- let me try & remember which Amendment it's in . . . ;)
Title: Re: Dollar Being Isolated
Post by: Pandora on June 27, 2023, 10:33:40 PM
https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/ (https://www.thegatewaypundit.com/2023/06/imf-proposes-global-central-bank-digital-currency-move/)

Get it through your fat Bulgarian Soviet statist head - No, Never...not under any circumstance or threat!

 ::viking::

CBDC framework/platform supposed to go live this Saturday, July 1st.

Hmmm, where are the worlds hackers when we need them?

Yeah. The launching of the platform sets the stage for eventual cash confiscation & a social credit system where the gumminit can turn you "on" & "off" like a water faucet, based upon your behavior or political perspectives.

How about a on, scratch that...off button for tyrannical government?

I believe that's covered . . . somewhere in the Bill of Rights -- let me try & remember which Amendment it's in . . . ;)

Hows about ALL OF THEM!
Title: Re: Dollar Being Isolated
Post by: Libertas on July 07, 2023, 08:21:36 AM
https://www.zerohedge.com/crypto/supreme-court-could-stop-secs-war-crypto (https://www.zerohedge.com/crypto/supreme-court-could-stop-secs-war-crypto)

Whatever it takes to stop government ending private crypto...because once that happens they will move in with their totalitarian CBDC scheme...and the arguments used to beat the private sector into the dirt will be deemed moot by the government that now has full control over what people do...

OODB!!!
Title: Re: Dollar Being Isolated
Post by: Libertas on August 16, 2023, 09:29:49 AM
https://www.zerohedge.com/geopolitical/another-blow-petrodollar-india-uae-complete-first-oil-sale-rupees (https://www.zerohedge.com/geopolitical/another-blow-petrodollar-india-uae-complete-first-oil-sale-rupees)

How interesting, too bad this is only half the story...doubt we'll get an admission on the missing half...

UAE and others going to hold on to rupees and other such fiat...or are they going to exchange it with something else?  Other fiat, commodity?

Is not the big news people think it is...seeing what the left hand is doing and not the right hand leaves an incomplete picture...but some are fine with half-assed things...
Title: Re: Dollar Being Isolated
Post by: Libertas on November 21, 2023, 08:29:34 AM
Fricken EU...

https://www.zerohedge.com/political/eus-digital-identity-wallet-electronic-leash-which-brussels-wants-control-its-citizens (https://www.zerohedge.com/political/eus-digital-identity-wallet-electronic-leash-which-brussels-wants-control-its-citizens)

...voluntary, pah!  Another attack on personal liberty that will make crap like ending private crypto and ushering in CBDC totalitarianism...and as usual the Euro-captives are the guinea pigs...

And on CBDC I don't think people fully appreciate the scale of federal control over human activity that would result if that nightmare ever became reality...

https://www.zerohedge.com/crypto/imf-releases-digital-currency-handbook-worlds-central-banks (https://www.zerohedge.com/crypto/imf-releases-digital-currency-handbook-worlds-central-banks)

...the article above spells it out very politely and basically.  Free people WILL NOT accept such a despotic scheme...EVER!
Title: Re: Dollar Being Isolated
Post by: Libertas on December 07, 2023, 09:48:05 AM
https://theconservativetreehouse.com/blog/2023/12/06/because-of-course-he-does-jpmorgan-ceo-jamie-dimon-wants-crypto-currency-banned-in-usa/

Control & greed...Dimon the Demon will gleefully embrace CBDC once private crypto is outlawed!

(https://i.postimg.cc/5NGNPh1D/IMF-Pushing-Global-Digital-ID-And-CBDC.png)

(https://i.postimg.cc/rFdqtfWj/Programmable-CBDC-WEF-Davos-China.jpg)

(https://i.postimg.cc/RVnNzSPv/EU-Vote-on-CBDCs.jpg)

(https://i.postimg.cc/j5LJwzh7/UN-Forced-Digital-IDs.jpg)

(https://i.postimg.cc/FzM8SV5C/CBDC-Progress-22-Jan.jpg)H/T's-CTH

 ::doublebird::
Title: Re: Dollar Being Isolated
Post by: Pandora on December 08, 2023, 01:54:20 AM
"Non-compliant".  That'd be me.
Title: Re: Dollar Being Isolated
Post by: Libertas on December 08, 2023, 08:15:26 AM
Amen!!!
Title: Re: Dollar Being Isolated
Post by: Pablo de Fleurs on December 08, 2023, 09:36:07 PM
(https://teamlegionnaire.files.wordpress.com/2023/12/2a-ambitions.png)
Title: Re: Dollar Being Isolated
Post by: Libertas on January 18, 2024, 11:06:55 AM
This issue alone should generate the full and enthusiastic support of every American who cherishes freedom and despises despotism!

And combined with the pledge to stop de-banking (rank discrimination!) this is a very powerful stance to champion!

Former President Donald Trump on Wednesday vowed to never allow the use of a Central Bank Digital Currency (CBDC), as it would "give the government absolute control over your money."

"This would be a dangerous threat to freedom – and I will stop it from coming to America. We are also going to put in place strong protections to stop banks and regulators from trying to de-bank you for your political beliefs. That will never happen while I am your president," Trump told a crowd in Portsmouth, New Hampshire - as first reported by The National Pulse.

Trump's comments come hours after Rep. Jim Jordan (R-OH) revealed that federal agencies have been flagging financial transactions using politically sensitive words such as "MAGA" and "Trump" in yet another egregious example of the establishment targeting political rivals.

As we've reported for years, CBDCs - touted by globalists such as French Central Bank deputy governor Denis Beau as "the catalyst for improving cross-border payments by enabling the build-up of a new international monetary system" - are in fact the ultimate tools of oppression.

Even Fed Governors know 'this way lies danger':

"In thinking about the implications of CBDC and privacy, we must also consider the central role that money plays in our daily lives, and the risk that a CBDC would provide not only a window into, but potentially an impediment to, the freedom Americans enjoy in choosing how money and resources are used and invested," Federal Reserve Governor Michelle Bowman told a Harvard Law School Program on International Financial Systems last year.

Central bank digital currencies are part of a broader "war on cash."

A cashless society is sold on the promise of providing a safe, convenient, and more secure alternative to physical cash. We’re also told it will help stop dangerous criminals who like the intractability of cash.

But there is a darker side – the promise of control.

The elimination of cash creates the potential for the government to track and control consumer spending. Digital economies would also make it even easier for central banks to engage in manipulative monetary policies such as negative interest rates.
https://www.zerohedge.com/crypto/trump-vows-never-allow-central-bank-digital-currency (https://www.zerohedge.com/crypto/trump-vows-never-allow-central-bank-digital-currency)

And DO NOT be deceived!  Demonazis and Cucks want CBDC, as I have said all along (https://itsaboutliberty.com/index.php/topic,18873.0.html) in several threads their goal is introduction of a CBDC prototype (FedNow) combined with greater regulation of private cypto (by creating creatures like SBF!) so that private will be banned as corrupt and fraud-prone and government CBDC hailed as totally safe!  DO NOT FALL FOR THEIR LIES!!!

The despotic corrupt FJB regime continues to use a weaponized federal bureaucracy against its political enemies!

https://www.zerohedge.com/political/jim-jordan-demands-answers-after-biden-admin-caught-flagging-maga-and-trump-track (https://www.zerohedge.com/political/jim-jordan-demands-answers-after-biden-admin-caught-flagging-maga-and-trump-track)

This totalitarian crap must be ENDED, the corrupt institutions GUTTED and DE-FUNDED!  Never should crap like this happen in America, EVER!!!!

https://youtu.be/XDjp_UMPFoo (https://youtu.be/XDjp_UMPFoo)

WAR!!!  We the People will NOT allow them to do any of this crap!!!  Their time is over!!!