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keenasbro
people have been predicting this event for years, eventually someone has to be right.
benrl
keenasbro
people have been predicting this event for years, eventually someone has to be right.
The way I look at it is, we don't know where the straw that breaks the camels back will come from.
We just know its coming.
Will it be Chinese economic influence?
Russian Oil deal?
Bankruptcy in western nations?
We keep loading up the economy, and it keeps holding.
But the signs are there, the knees are shaky.
keenasbro
reply to post by cosmicexplorer
As the larger economies strike up deals, the smaller countries will follow suit, you would think, USA won't have as much clout as imposing sanctions, USA will lose it's leverage.
www.caseyresearch.com...
Russia and China are leading the charge. More than a year ago, the two nations made good on talks to move away from the dollar and have been using rubles and renminbi to trade with each other since. A few months ago the second-largest economy on earth – China – and the third-largest economy on the planet – Japan – followed suit, striking a deal to promote the use of their own currencies when trading with each other. The deal will allow firms to convert Chinese and Japanese currencies into each other directly, instead of using US dollars as the intermediary as has been the requirement for years. China is now discussing a similar plan with South Korea.
Similarly, a new agreement among the BRICS nations (Brazil, Russia, India, China, and South Africa) promotes the use of their national currencies when trading, instead of using the US dollar. China is also pursuing bilateral trades with Malaysia using the renminbi and ringgit. And Russia and Iran have agreed to use rubles as a means of currency in their trades.
Then there's the entire continent of Africa. In 2009 China became Africa's largest trading partner, eclipsing the United States, and now China is working to expand the use of Chinese currency in Africa instead of US dollars. Standard Bank, Africa's largest financial institution, predicts that $100 billion worth of trade between China and Africa will be settled in renminbi by 2015. That's more than the total bilateral trade between China and Africa in 2010.
The idea of moving away from the dollar is also finding support from major international agencies. The United Nations Conference on Trade and Development has stated that "the current system of currencies and capital rules that binds the world economy is not working properly and was largely responsible for the financial and economic crises." The statement continued, saying "the dollar should be replaced with a global currency." The International Monetary Fund agrees, recently arguing that the dollar should cede its role as global reserve currency to an international currency, which is in effect a basket of national currencies.edit on 4-4-2014 by keenasbro because: to add
cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....
So at least the US has that going for it...for now.
darkorange
cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....
So at least the US has that going for it...for now.
Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?
Thanks)
cosmicexplorer
darkorange
cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....
So at least the US has that going for it...for now.
Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?
Thanks)
No you are totally right mate....but what right now is more stable than the dollar.....I only found out about the petrodollar and how it all worked supposedly last year...I was late!!! But I think many countries would still rather use the dollar. We are all so linked together now that if we get hurt..China gets hurt...etc.
I really dont know how it all works....but I just dont see how some places would prefer currencies over the dollar ...yet....but as more and more hop on the bandwagon..then ya.
darkorange
cosmicexplorer
darkorange
cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....
So at least the US has that going for it...for now.
Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?
Thanks)
No you are totally right mate....but what right now is more stable than the dollar.....I only found out about the petrodollar and how it all worked supposedly last year...I was late!!! But I think many countries would still rather use the dollar. We are all so linked together now that if we get hurt..China gets hurt...etc.
I really dont know how it all works....but I just dont see how some places would prefer currencies over the dollar ...yet....but as more and more hop on the bandwagon..then ya.
What can be more stable than local agreement vs relaying on the currency of the country that is beyond your control?
Thanks)
edit on 4-4-2014 by darkorange because: (no reason given)
cosmicexplorer
darkorange
cosmicexplorer
darkorange
cosmicexplorer
Well and there is also no other currency to replace it....yet...I mean the world can shy away from the dollar but there is nothing to totally replace it....
So at least the US has that going for it...for now.
Why there is a need to re place anything with anything? Who said it has to be one currency for all trades? Why cannot countries trade in their local currencies or what ever they think will be beneficial?
Thanks)
No you are totally right mate....but what right now is more stable than the dollar.....I only found out about the petrodollar and how it all worked supposedly last year...I was late!!! But I think many countries would still rather use the dollar. We are all so linked together now that if we get hurt..China gets hurt...etc.
I really dont know how it all works....but I just dont see how some places would prefer currencies over the dollar ...yet....but as more and more hop on the bandwagon..then ya.
What can be more stable than local agreement vs relaying on the currency of the country that is beyond your control?
Thanks)
edit on 4-4-2014 by darkorange because: (no reason given)
In this day and age...I dont know...agreements seem to work when its only good for both parties....This is definitely one of my favorite topics to learn about!!! So send me any good info you find out there...
Also somewhere out there you know China and Russia have to be thinking..."'the only way we beat the west is to work together".
cosmonova
reply to post by keenasbro
'The Paradigm Shift is far along, no more an infant project. The Western leading nations have transformed into the Axis of Fascism. The Eastern leading nations have emerged as seeking viable fair solutions, essentially a return to the Gold Standard. The physical gold migration from London and Switzerland proves the shift in power underway. The swing nations of Germany, Saudi Arabia, Turkey, India, and Iran will play pivotal roles in shaping the future. The year 2014 will not end with any remote resemblance to its start.'
There is another interesting link posted on the same page by a forum member
www.24hgold.com... Willie+CB