What do YOU think will happen to the USD when Japan and China start direct currency trading Friday?

reply to post by Peter Brake


I did not know about NZs trade with China, it would appear to be a creeping don't wake the sleepy sheepy type of side slip out of the USD dependancy

Originally posted by michaelbrux
reply to post by Danbones

 

the USD is always the most stable...introducing greater flexibility and choice in the global currency market will strengthen it further, as it will make it more difficult and expensive for currency manipulators to function and act against it.

the Euro is a currency, in my opinion, that benefited from plots formed as the USD, which were easily implemented because of the lack of transaction choices in the market for currency.

once the currency market ceases to be monopolistic/oligopolistic, all currencies that benefit from this reality, will weaken.

its quite clear to me that the Euro was formed as a replacement for the USD. that it is giving up its gains to the USD at present, the introduction of new market realities will be the nail in its coffin and an end to its legendarily short life.

From what I understand, because of the lack of a mechanism to differentiate between the value of money in the different member countries, the euro which was started 50 years ago in stealth, was never meant to survive.
it may have been a trojan horse of financial destruction
thats why condoms are called trojans I regret

Originally posted by tothetenthpower
Billateral trading means nothing in the grand scheme of the global economy.

Russia and China do it, China and Iran also do it.

So it's not the first time and it's nothign to worry about.

It would be a huge thing if they stopped using the Dollar as the reserve currency in general, but billateral trade?

A non issue.

~Tenth

I hope you are right!
but I'd gentleman's bet you if we could find a safe currency to bet in

reply to post by SeekerofTruth101


Japan could collapse if fucushima goes
that is scary
so its totally scary for the people ( damn, I hope the horible TEPCO ( they run many US reactrs too) gets it spit together..but I dought they can, or will)

but also it will send BIG waves through the system and would effect people
who are finacially connected all over the planet

rads and NO health care

reply to post by Danbones


started 50 years ago in stealth,,actually 60 years,,
u know Diamond Jubulee and all that ie one Generation,,
60 years,,not 70,,,
mercy thing,,
your right i never was meant too flourish too the point of Domina Patre, Spiertum Sancta,, et eh,,?,,
wasn't blessed correctly,,the E.U,,,it was Vat backed. lol,,and Blessed..,,opps,,,
DOOMED.
the Butler did it.

the change means little to the dollar in the end, but it does help out the two countries should Japan need to relocate some substantial amount of people to china should fukashima fall into total disarray this summer. The crash of the euro is the more interesting. Much of that depends on how the losing bets are to be paid should Greece "default" or should Spain go completely kaput.

reply to post by Nspekta

Im not sure what will happen other than possibly other countries realizing it may be in their best interest to not use the greenback 'middleman' anymore and start trading across straight currency more and more? Maybe another currency will start to emerge as a better choice as the middleman over a period of time?

That currency wouldn't be carbon credits would it?

reply to post by crankyoldman


yeah, that makes sense...the bets
that goes well with the jp morgan acting weird post I made upthread

if the Japanese need to hook up with the Chinese that will be something
traditionally they have not got along well
but then fucushima is a whole new bag of rocks

Originally posted by magma
reply to post by Nspekta

 

Im not sure what will happen other than possibly other countries realizing it may be in their best interest to not use the greenback 'middleman' anymore and start trading across straight currency more and more? Maybe another currency will start to emerge as a better choice as the middleman over a period of time?

That currency wouldn't be carbon credits would it?

carbon credits...
global warming by burning our money

amazingly it fits,,

Earthquake Destruction Wipes out another Country's
infrastructure.

Well thats the whole of Italy,,
North,,too South,,,
Devistated there infrastructure/,Industrial Base,,,
they gonna pay in,,,,,, E.U $,, Ero's???,,the Insurance Companies,,,they gonna pay in,,,,,, E.U $

hmmmmm
would u?

France's Turn.

reply to post by Danbones


Im glad you posted it too, i thinks it ok cause its a different and more relevant forum than where i posted mine. People should be more aware. Perpetual downgraded credit and the loss of the world currency would be a disaster for america.

reply to post by Danbones


enough Volcanoes,,,(they emit Carbon Gas.)
blew
just,,,yesterday,
,its a Carbon TAX,,
too tax the entire world,,7645765765765765765765767657644433 times X
for each ,,Man,,Woman,,Car,,Cow,,Pig,,etc,,6536754764876 times the world over.

its a scam.sam
its math.
Volcano Tax,,lol

Originally posted by Danbones
reply to post by crankyoldman

 

yeah, that makes sense...the bets
that goes well with the jp morgan acting weird post I made upthread

if the Japanese need to hook up with the Chinese that will be something
traditionally they have not got along well
but then fucushima is a whole new bag of rocks

Agreed on China and Japan.

As long as the dollar is part of the Special Drawing Rights Basket demanded by the IMF, the dollar is very safe (I think the current total required for borrowing is around 50 percent ish). The problem is who bet what and in what currency does that bet get paid off if the whole of a currency is dead? Historically it has meant a war to seize the assets of the country with the collapsed currency but I can't see JPM rallying the US to take over Greece to grab the Parthenon to pay off a debt.

well the price of gold just went up 75 bucks an once
straight up today
goldprice.org...

usd index is down today
www.goldseek.com...


if gold and silver take precedents over paper....

reply to post by BobAthome


they have discovered a lot of underwater volcanos lately...
some say when they start going off it will change some climate....for the colder
the ice cores show glaciation even

reply to post by Nspekta


give the gold chart and the usd index a couple of days into next week to telltale the reaction in the markets.
if the gold keeps on the way it is today....

If you read the financial news with a microscope, you might have noticed that the Securities and Exchange Commission decided to do something that it likes to do, which is to delay taking action on something. That something has to do with the most jarring non-event in recent financial history, the flash crash of May 2010.

Meanwhile, President Obama held a $35,800-a-head dinner with Wall Street fat cats at a French restaurant in New York.

Meanwhile, Preet Bharara, the U.S. attorney in Manhattan, was telling the New Yorker that Wall Street was a "dry well" as far as high-level prosecutions are concerned.

Meanwhile, JPMorgan Chase(JPM_) was let off with a chump-change settlement when it was found to have engaged in a deal with a hedge fund that was precisely as corrupt as Goldman Sachs'(GS_) arrangement with hedge fund manager John Paulson, who designed a mortgage-backed security that he was shorting while Goldman was pitching it to clients.

As William D. Cohan put it in Bloomberg, "the new, official Obama administration policy on Wall Street is crystalline: Hands off the bad guys."

www.thestreet.com...

well there is the real problem with the USD
the rest is window dressing or consequenses of " hands off the bad guys"

just invest in the USD for safety so the Jon Corzines of this world can just TAKE your money

Originally posted by AutOmatIc
reply to post by Danbones

 

I think there will probably be an earthquake in either Japan or China, courtesy of our clandestine operatives.

www.japantoday.com...

Your right !! It Happened !

An earthquake with a preliminary magnitude of 5.2 hit eastern Japan on Friday, shaking buildings in Tokyo.

There were no immediate reports of damage or injuries, and no tsunami warnings were issued after the quake struck at 5:48 p.m., the Japan Meteorological Agency said. The epicenter was at a depth of 50 kilometers in southern Ibaraki.
The quake measured 4 in Ibaraki, Tochigi, Gunma, Saitama and Kanagawa prefectures, while in most parts of Tokyo, it registered 3, the agency said.

reply to post by JohnPhoenix


oh noe!
the quake density in that area is incredible, there was a thread somewhere with a quake density map and the graph was going steadily upwards
www.abovetopsecret.com... ...thread
www.thehorizonproject.com... ...chart in general

US Dollar actually went up today, despite an almost 300 point drop in the DOW.

China already trades directly in YUAN with other countries, not much of an impact here.

Biggest problem with China is that the Government artificially sets the price of their currency, a major timebomb waiting to happen.