This page has been archived and commenting is disabled.
"De-Dollarization" Continues - China Starts Direct Trade With UK
Following the initial de-dollarization meeting, there has been a slew of anti-dollar moves around the world (including Gazprom's shift of 90% of its clients to non-dollar payments). However, on the heels of the "anti-dollar alliance" discussions yesterday, DW reports that China would start direct trade between the renminbi and the British pound on Thursday. China's Foreign Exchange Trade System (CFETS) confirmed Sterling and yuan would be directly swapped without using the US dollar as an intermediary.
China's Foreign Exchange Trade System (CFETS) said Wednesday the Asian nation would start direct trade between the renminbi and the British pound on Thursday.
Sterling and yuan would be directly swapped without using the US dollar as an intermediary, the trade platform noted.
"The move will promote the bilateral trade and investment between China and the United Kingdom and facilitate the use of renminbi and pound in the cross-border trade settlement," CFETS commented.
China has long had direct currency trade with the US and has recently added Japan's yen, the Australian, New Zealand and Canadian dollars, Russia's ruble and the Malaysian ringgit to its options.
Wednesday's announcement came during a visit to the UK by China's Prime Minister Li Keqiang and after the signing of various bilateral business contracts.
Britain for its part has been looking to make London a European hub for overseas yuan trading in competition with Frankfurt and Paris. China's central bank announced Wednesday that a subsidiary of China Construction Bank had been chosen to undertake yuan clearing business in London.
Still - there's always Iraq to trade USDs with...
- 40774 reads
- Printer-friendly version
- Send to friend
- advertisements -


Red coats? Hey, whatever funds the good looking Prince and his bride are okay by me. Because in this day and age we're over Royalty and all that.
God save Queeny and all.
Save or embalm?
China is the 900lb gorilla in the room, they have the world by the balls literally. Nothing the USA can do about it and the Australians and New Zealanders are worried about what the Pacific will look like once the dollar folds. It ain't gonna be pretty.
And very interesting that London wants to be a center of Yuan trade. Those little bastards better not be hoping for any moral support in the Falklands war part 2. I hope Argentina gets its shit together and kicks their little treacherous asses back to those overpopulated Unuinted Kingdom Isles.
And I hope the Scots give the Brits a final kick in the balls with their independece from those POS
I often agree with you, but not here on the first paragraph. China has more than 1 billion mouths to feed. It is the 900 pound chihuahua fed by American consumers. If we cut off their trade advantage tomorrow, they would have civil war. But we won't, because the status quo is too profitable for the oligarchs.
Right input but wrong logic.
China can buy anything cheaper if the dollar system resets and renbinmi is overnight backed by gold( which will happen in near future when a crisis hits the markets).
Thats why all countries one by one signing deals with china to exclude dollar and use renbinmi, one day their saved renbinmis will have a backing by gold, but not us dollars, even in future us dollar is also backed by gold, then it will loose more than half of its value ( due to less gold reserves).
Yes China has many mouths to feed but they have the money to pay for it which is gold.
Its more US's advantage right now to sell as much food as possible. US is selling all its food with very expensive dollars.
China is the ultimate expression of the new normal. A very small percentage of the population is doing very well. Formerly self-sufficient farmers are going broke and their kids are moving to the cities hoping to join the elusive middle class or even more elusive upper class. The wealth is created by banker ponzi schemes enforced by oligarchs who control a centralized government that stays in power because of the illusion of upward mobility and the power of a military funded by the bankers who spend the People's money.
China is the ultimate expression of the new normal. A very small percentage of the population is doing very well. Formerly self-sufficient farmers are going broke and their kids are moving to the cities hoping to join the elusive middle class or even more elusive upper class. The wealth is created by banker ponzi schemes enforced by oligarchs who control a centralized government that stays in power because of the illusion of upward mobility and the power of a military funded by the bankers who spend the People's money.
Are you talking about China or the USA?
"Are you talking about China or the USA?"
Yes.
U.S.: et tu, BrU.K.us?
it's funny
in one article, it will be highlighted how corrupt all the policymakers of China are, and in an attempt to show China as bearish, it will be shown how all the Chinese policymakers and executives are abandoning China and transfer their wealth to USD or USD-based assets (though AUD CAD GBP are common too)
and yet in another article, it will be highlighted that China is trying to destroy the USD as a reserve currency which would essentially crush the value of the USD and therefore all their money
so which is it? why would China be trying to destroy the USD and yet at the same time abandoning China and transfering all their wealth to USD?
one is obviously more symbolic politics than the other...
Bad form to keep your loot in the same place you stole it. US property dollar prices will suffer during a dollar collapse, but property values are a different story. Learn to understand the difference and exploit divergences therein. The US pols understand rich people, and this is and will continue to be a place that attracts them regardless of what fantasy said pols are indulging in on any particular week.
if dollar collapses so will real estate because enough foreigners have it as investments that this would start flight
especially when the market is already frothy and looking for any excuse to collapse
Another reason gold is rising. The fear of dollar devaluation relative to other currencies. Both the UK and China have long histories dealing with all these issues, including currency. UK is diversifying. Plus, the City of London folks have loyalty to no country ... their only loyalty is to money and accumulating and preserving their wealth.
'the ocean called; they're running out of shrimp.'
and the sharks will be lean and mean (could they eat each other when the shrimp are gone?)-haha
history has a way of going full circle as shimp are a vital part of the food chain-haha again...
+1.....both US and China
bank on it
Well done. And just what do those in power do when they seem to have this unstoppable inertia, too many mouths to feed, an excess of young males with no prospects for a family, and a distant receding... imploding empire?
March!
I've decided that the US going to war after WWII is like the old saying about better to keep your mouth shut and be thought a fool than to open it up and prove you are a fool. We would have been so much better served by projecting strength through a defensive posture along with the same from our so-called allies. But noooo. We had to go everywhere and fight every battle to protect everyone. We did develop the best military ever but we also depleted it in ways for which you cannot buy fixes. All of that so we would have extremely weak allies who then turn and cut us off at the knees to make a pound with our rivals.
All that and the reality is that we've debased our currency to the point of having forced our allies to abandon us.
Hari-kari!
Perhaps the Ukrainian action is also about the control of it's agriculture; if food production can be locked down, the hungry masses of China and the Middle East could be controlled / influenced by throttling food supplies...
BINGO! Fuck with the almighty U.S. Dollar and we cut off your food supply!
Which is one big reason Putin wants Ukraine so he can help feed China and sell them gas too.
"one day their saved renbinmis will have a backing by gold, "
China has recently printed 3x what the US has printed (as reported here at ZH). Why and more importantly how would a country that does that, back their currency with GOLD.
Sorry, not going to happen, without a lot more preparation on their part, and probably will never happen. They want the same advantages the US had.
Look I agree everyone has dirty hands, nobody is clean, but the freakin Chinese have our entire infrastructure which was shipped to them over the past thirty years. I remember growing up seeing story after story of places closing down and the equipment being moved to China courtesy of the slime balls on Wall street with their buyouts and structured deals for LBOs and whatever other parasitic scheme that drained this country on know how and production ability. We are an empty shell. Sure we make military equipment but the Chinese are cutting us out on that too. No wonder everyone is doing the currency deals with the Chinese. Its not like you are going to find any hair dryers made in the USA. Or smartphones, or microwaves or whatever other shit you need in your house. The Chinese have won period. We have a country full of people with no skills and no jobs for them out there.
Cosmos if everyone coud see the way you do. Unfortunately they dont.
game over USA.
We did it to our self's when we bought in to "Free Trade". Now the USA has nothing to sell in the market save food, and that's not aloud because the rest of the world
is not as dumb as the USA, and will not let there farmers be put out of business. All these "Free Trade agreements that the one percent want will just come about at the cost for the ninety nine percent. The MSM is not helping us, so it's every man/ woman for them selves.
We did it to ourselves when we bought into allowing politicians and unions to give themselves and Wall Street a giant chunk of every worker's earnings.
It is not an either or situation. And it certainly isn't one uses Fiat and the other doesn't.
I don't disagree with your post of China having infrastructure, but that is not really tied to is a Fiat backed by GOLD.
They both will try and use Fiat for the next 100 years
There is too much interdependance between all trading countries for any one country to back their currency with gold. If the Chinese did this, then the exports would tumble and both them and the US would go into a deep recession. Unfortunately it is a marriage of convenience.
With China now starting to change there economy to more consumption based, they may in time be able to do something like this, but it wont be for a long time.
My bet is that this is a race to the bottom until a global reset is put in place, then hopefully a sound monetary system will prevail.
A smart chinese man said to me, that i cant beleive the world is allowing us to buy gold with printed pieces of paper......
Exactly but the Chinese dont need to back their currency with gold, they back it with the stuff that everyone needs in their house, like microwaves, tv, hair dryers, hardrives, computers, furniture, textiles, utensils, dishes, and so on and so on. The Chinese are the manufacturing dynamo for the world. Their products back their currency.
"A smart chinese man said to me, that i cant beleive the world is allowing us to buy gold with printed pieces of paper......"
That's it right there. The Chinese are apparently printing more than anyone else (everyone else?), and buying "real" shit with nearly worthless paper.
Your totally right. They know that the US economy is going to implode once the dollar devalues and become a non-reserve currency. Everyone is slowly getting out and setting up their lifeboat to rescue. Because the Renbinmi or whatever will be the next reserve currency will be backed by gold, platinum and other resources and if you don't have enough of that you won't be able to press your will around the planet. I think what will happen in the US will be that the greenback or dollar will be used internally by the people in the US but the new reserve currency will be relegated to being used by the govt. and sanctioned companies and traders and financial companies that need to use it. And having this new reserve currency as a person not sanctioned to have it will be against the law in the US.
After WW1 and then WW2, Britain was broke.
Now, after 2 Gulf Wars, the US is broke.
China is next.
The progression of History
"Because the Renbinmi or whatever will be the next reserve currency will be backed by gold, "
They will not walk quietly into the night. The next few currencies proposed will still be Fiats, all the way including when they propose the world currency.
They got a good gig going, why would they give it up?
PS, I am not sure China could survive the turmoil that would be caused by fiscal discipline.
They are skating a fine line with food and water is not to be found in some areas. And business people will not visit the highly polluted areas.
They need food first.
How ya doing, Tommy?
I like how people think that since shit is bad here it must be better elsewhere. It isn't.
I like how people think that since shit is bad here it must be better elsewhere. It isn't.
The difference is that there are a lot of people in the world that can deal with hardships so much easier than americans. Imagine a typical american living on rice and cabbage, sleeping in a hot room and carrying water from the river. They would last about 1 day.
LOL so true Jerk, hit it right on the money. But its not like our forefathers weren't doing that kind of stuff in the dustbowl era and before. But at least they weren't slaves to this financial parasitical system. Back then a silver coin meant something, its value was not manipulated by some a--holes.
Listen I agree with a lot of people around here, many folks going to wake up to an America they will not recognize and there wont be any place for them to run to get away. My prediction is that by the end of this year gas will not be going below 4 dollars a gallon for the lowest grade of unleaded period. I also love it how over the past few years we have been seeing less 87octane for the lowest level unleaded and now we are seeing 86 at most pumping stations.
And the gas is crap as well. It's best to run highest octane regardless of your vehicle. I have some friends who run a Honda 1000 generator as their grid source. On regular gas they get 4hrs on a tank.
On super they get 6 hours. It may be cheaper to run better gas. It's at least worth checking on your own vehicle.
When I was a kid we only had 2 grades at the pump, Regular and Eythl. Regular was 93 octane and Eythl was 97. This is why I don't have an old 60s muscle car. All they will do is start pinging and valve clattering when you stomp the accelerator with 86 octane without additive. You used to set the timing to ignite the fuel at 5-7 degrees before top dead center of the piston rotation on the old cars versus todays engine that are set to ignite at close to exactly 0 degrees or when the piston travel is at its highest.
It can be thought of like a modern slow burning rifle powder that takes a long time to burn versus black powder that goes instantly poof. Todays gasoline is all dinosaur farts in comparison.
I remember even the regular grade was more solvent like, if you spilled it you could see it start evaporating quickly, unlike this beady oily stuff like the unleaded today. It was RED colored and we used it for everything from cleaning oily parts to killing weeds, it was that cheap, 25cents a gallon which was ..07 oz of real silver for a gallon.
We had real gas, real money, real wood furniture and stuff was made here in the US and built like a brick shithouse to last. Americans took pride in their work and were compensated well for it, it started at the top. You tried to build the best that you could; today people just show up wanting a paycheck, its all about money,greed, the next qtr profit and the money only stays at the top.
I broke my straight razor the other day and needed a small piece of brass wire to make a pin for the handle. I though I would go to Walmart and buy a hanging plant basket or something to scrounge some wire off. I slowly walked the entire store looking. Not a piece of brass on anything. It was just shelves and shelves of plastic crap.
Better days for sure my friend.
Those time are gone lika a 59 Cadillac.
Lets put two and two together then,
You have a spoiled nation with the most powerful standing military about to lose everything. They have two options left, collapse peacefully, or start world war three... Given their violent past what do you think is going to happen?
Odds are it's going to be very bad for everyone including the US, and the ability to eat cabbage and rice will not save you from nuclear fallout.
I see where you are coming from, but I can't agree with you. You give them far too much credit, I don't think the current problems are some "Grand Plan" I think they are a result of greedy short sighted people grabbing everything they can.
I also seriously doubt the eilte trust each other, they made their fortunes by being the very oppisite of trustworthy people. So to think that a bunch of selfish power hungry people are going to hold hands in order to dominate the world is a silly Idea, World War Three is coming, there will be no peaceful fall.
I expect this nation-versus-nation mode soon to be rendered obsolete as global elites self identify as a nation unto themselves. They see that the consumers of the developed world can't be allowed to go on polluting the biosphere and devouring natural resources as though there were no tomorrow.
That is to say, the biosphere can no longer endure your flying off to Greece to snap pictures of the Parthenon. It can't endure your driving your SUV (or even your Prius) to the stadium just to watch a football game. It can't endure your eating steak for dinner and having still more babies.
The least messy fix would not be to depopulate the planet with WW III or to unleash a global pandemic.
The obvious fix, readily at hand, is the collapsing of fiat currencies.
Hence, "the Great Wealth Transfer" is likely to continue.
Reduced purchasing power means reduced consumption, reduced pollution.
The party is already winding down, folks. This will soon be painfully clear. Things will get worse and worse - and still worse. No tech is in the works that will save our sorry asses.
Stay home, mend socks, eat rice and beans - that's our future, we who are not in the one percent.
Not really, no. US trade with China while a decent sized chunk is increasingly insignificant. If you cut off their trade advantage tomorrow, your stores would be empty and your population will be rioting as they find they can no longer afford even the basics they have come to expect. Enjoy THAT chaos, far more devastating than any civil war.
I would love to see which of us is right, but we'll never know because your central government will continue to do business with our central government, controlled by the oligarchs who make all the money. Remind me which technologies the Chinese had before Nixon opened the free trade window, or is that an ancient Chinese secret?
Good discussion you guys. I don't know who's right, except maybe you both are. The future is remarkably unpredictable, but I have a notion that the apparently upcoming pain is going to be somewhat equally distributed among all industrialized nations. Every major nation has major problems. I just hope that the system can crash without someone breaking out the big-ass war machines.
Maybe we can all mutually default -public and private debt- all of it... lick our wounds locally for a while, and then start up barter based trade. It will have to be direct, same time, trading, because even collateral will be suspect (thanx to rehypo blah blah blah) unless it is in the lender's back yard. So picture the US calling up China and saying "ok, we have a boatload of wheat ready to sail. Your people have inspected it and approved." Then China says "ok, we have a boatload of manufactured goods (thanx to the energy we traded for gold to Russia last month) ready to sail. Your people have stamped it ok".
OK, on the count of three cast off the mooring lines!!
I can play that game too. Remind me which technologies the US had before they stole them all from Europe and then pilfered Germany, or is that still off limits?
You have to admit FDR played the game wonderfully......keep in contact with Churchill as Minister inside Chamberlain's Government using Naval ciphers and signals, set up a crappy operation in Narvik, get Chamberlain out and the American Churchill to bomb German cities to stop any peace overtures.....then simply keep Britain on a credit string for weapons and oil from Texas until it invites the first Occupation Army since 1066 and the US never leaves but turns the UK into a colony - the template for Germany which now has 185,000 soldiers and 40,000 US Occupiers to keep control
Interesting that your comeback doesn't involve either the U.S. or Europe stealing technology from China.
Like gunpowder?
Speaking of which, Rand, what's your view on guns?
Funny thing about that, Europe stole a whole lot of shit from China. England stole tea from China, flat out stole it in a case of espionage. The Byzantines stole silk. And then there was the whole "missionary" scam where backwards Europe stole tons of technology and pretended that it invented it. Sanitation and plumbing systems? Look back to Shang dynasty, a good 1000 years prior to Rome. The trade just flowed that way and most of the cool shit to be had was out East flowing through places like Bactria, which when the Greeks stumbled across thought it was the most advanced place ever... but compared to China, it was nothing. Arabs essentially acted as knowledge brokers when Europe was busy burning witches and being retarded. I don't hear anyone crying over stolen IP from that era though... oh, it's historical, it's in the past, it's different. Once the west had stolen enough and plundered enough and gotten a leg up, well well well, time to implement a patent system and pull that ladder up along with us! Ideas and technology get copied, deal with it. Or be a big crybaby, and then we can talk all about how you're a hypocrite.
Laomei, so true ! Alone the stolen patents support the U.S. economy to this day !
Your logic is that they need the Americans as consumers...how much do they pay in the consumer field I would love that job. If anything there would be a civil war in the US when people realize that wal mart and most other stores are empty. All the Chinese have to do is literally give the Chinese people money to buy the products that they themselves manufacture. After the Russians decided to sell their resources for Yuans there is nothing you cannot buy with the Yuan.
"Your logic is that they need the Americans as consumers...how much do they pay in the consumer field I would love that job. If anything there would be a civil war in the US when people realize that wal mart and most other stores are empty. All the Chinese have to do is literally give the Chinese people money to buy the products that they themselves manufacture. After the Russians decided to sell their resources for Yuans there is nothing you cannot buy with the Yuan."
YES, a chinese EBT card..why the hell not! I can see that happening.
what matters is output...if you can make something, someone else wants more than you wanting what someone else makes...then, you have the advantage. Whether it's a 900 pound gorilla, or 9 billion ants.
The advantage that the US has had, and currently continues to have is that people want oil. And we do have it, and to get it they need US Dollars. So, our hold on the middle east becomes equivalent to the productivity of a billion Chinese. Of course...like most ZH'ers I believe this hold will continue to erode.
As for civil war, we live in an integrated world. If we cut trade with China...the US would descend into an abyss also. Government induced trade wars, are wars of quasi mutual destruction.
indeed , all large centrally organized countries, in the west face the same problem as china and india ---namely how do you keep so many people organized together under one roof without massive civil war and fractionalization.
the larger the nation, the more problematic this becomes when things turn south.
all of these global trade relationships are co-mutual, however, if the west turns off the game, or the east turns off the game----all nations will have to find methods of controlling their own populace including scapegoating minorities, and scapegoating foriegn enemies.
china can pick on central asian muslims and japan.
russia can pick on central asian muslims and georgia and ukraine
the united states will try and pick on iran
the common theme here is you cannot pick on anyone who has nukes. you can pick on minorities in your own country UNLESS you are the united states.
however, to counterbalance that problem for the u.s.---china has 1.2+ billion mouths to feed so they have to scapegoat people many of whom are simply trying to avoid starving to death. that will keep the chinese plenty busy. while the u.s. europe and every where else begin with their own death squads.
the real losers here are people in developing world countries where mass murder is the norm. because mass murder will escalate unchecked when times are bad in countries where the west can secretly encourage the process .
and you see- THAT IS WHY YOU WANT A NEW WORLD ORDER WITH ONE GOVERNMENT FAST AND DIRECT RATHER THAN SLOW AND THROUGH A TORTUROUS PATH.
BECAUSE THE SLOW CIRCUITUOUS PATH IS THE PATH OF JUST A LOT MORE PAIN.
it is to be avoided if possible.
Well its not helping that we are growing our population like crazy. If we held steady at 300 million we might be ok but they are forecasting half a billion mofos in the USA by 2050. Dude this place will look like CHINA real soon.
Good. You cant pick on muslims, they have it coming. You have to trim them back every so often or they become jihadist nutballs.
I'm not so sure about that.
They can't survive w/o importing food/grains, water, and oil. The banking ponzi there is being exposed and the implications are cataclysmic. They have most of their water grossly polluted, and they are just seeing the spray from their own property bubble bursting.
China sounds more like a prime candidate for internal revolution. Hope not, but looks like it.
"And I hope the Scots give the Brits a final kick in the balls with their independece from those POS"
But Scots are "Brits" (as you put it) themselves. What with Scotland being a part of the land mass known as the British Isles, I mean.
Not quite lets explore a little history,
The Scots were never conquered by the Romans and are Pure Celtic blood. The Britons are a mix of Celts and Romans and Anglo Saxons. Hadrian's wall marked the boundary between the Scots and the Brits.
The Scots entered the Union with the Brits, but they are not hanging around for long. Look Hungary is part of the land mass of Europe but they sure have nothing in common linguistically with the Spaniards.
Rubbish, the Scots were conquered numerous times by the Vikings. Some Scots also have French and/or Spanish genes as well.
I'm fairly sure the English defeated the Jacobites at the Battle of Colluden, but if you have your own version of Scottish history I am sure there are plenty of historians curious to hear it.
c-o-s-m-o-s ? I'm 10 years old and can't find my lunch.
Negative. The Scots reluctently entered an Union with which clan?
mater of factly Scotland was an province of England during that age. A.D.
Yea, I think she meant Pommie bastards rather than Brits.
Maybe you don't understand that there has been a mad scramble over here between, Oaris Frankfurt and London to become the first Yuan trading centre. And those bastard europeans want to replace the City of London with their continental version.
Regardless, your Federal Reserve is taking you over the cliff, tough.
And USA barely lifted a finger for us in the Falklands War. Save for a few AAMs, we have gained little by sticking with you through thick and thin by joining in with disastrous illegal wars in the ME.
See Ya..
Britain hasn't had US support on the Falklands since you elected Barry: Obama administration not neutral on Falkland Islands
There isn't a single living Argentinian that has any links to the island, and the people there overwhelmingly want to retain ties to the UK.
Cosmos. The UK got NO help from anyone, let alone our good friend the US, with the Falklands.
If you look at history, the US does basically shit towards the UK but the UK licks the balls of the US like a pathetic lapdog. And don't talk about help in the 2 World Wars, the US only wanted to protect its future markets (nothing wrong with that), so the UK got help by default.
You've not heard about how we're offering to let the Chinese build a naval base there then?
Blue. Quiet. Radiated.
there will come a time in the future when global trade doesnt require you to get pieces of paper from the US central bank. at that time, people will no longer give us real commodities in exchange for pieces of paper that we can print at a whim, and write whatever number on them we please.
bernanke in a pizza restuarant:
"Would you like your pizza cut into 4 pieces or 8 pieces"
Bernanke: "8 please, im REALLY hungry"
The Bernanke owns the pizza restaurant. You are the customer. And in case you forgot, BernYellen work for a private organization.
Every minute that you don't eat a piece they snatch it up and take a bite for themselves.
I'm troubled by the juxtaposition of Yellen and snatch and eat.
The only way I could rationalize it was that Yellen was a flexi chick when she was young.
There goes my morning woody.
Sooooo, are you suggesting that USA is a pizza restaurant? Owned by a mystery parent company?
"Excuse me, are you the manager here? Someone locked the front doors, I like to leave now. "
Sum Ting Wong?
GBP/USD is at 2009 highs! Carney is threatening to raise rates!
Carney is trying to stave off usd inflation. I get that. The Fed has been subsidizing europe for over 5 years.
The second the markets correct, 10 year gilts will blow out! Algo's will look for yield and get slaughtered.
The yen will reflexively strengthen. (gbp/jpy)
Kaput!
Watch.... This will be spun as bullish.
Watch the liberal progresive lame stream media
say
nothing
like it never happened
So Fox will be all over this then?
I knew with certainty the dollar was headed into stormy waters when I heard O'Reilly say that the US should attack the Russian currency. As always, the opposite of what is said happens.
Whoopsy. There goes that "special relationship" a former PM kept bragging about.
That was a great comment!
How many months left before a USD implosion ?
As you know, nobody really knows, but the only 2 predictions that I can think of at the moment (obviously both will likely prove to be wrong) are:
Nov 2014 - Clif High of Webbot fame
Oct 2015 - Martin Armstrong has been giving that timeframe for a few years now
I got sucked over the Clif for a few years. Greatest doom porn in the world and absolutely ZERO correlation with timing. He throws 30 predictions against the wall and one is close and everyone claps their hands like it was a miracle. Less than random. Sure fucked with my head for several years though... Ask me an I'll post 50 or 60 predictions from a 5 year old ALTA report and you can come to your own conclusions. (Spoiler alert: Zero came true.)
Oh Madge...How could you?
*Sniff* all those years....gone...
Anudda nail in the coffin! Drones over Downing Street.
LOL those turncoats better be careful they just may end up with an Anglo Saxon Spring going on in Lodon with Nuland handing out cookies on her way back from Ukraine.
That gives me an idea for a tv reality show.
As The Cookie Crumbles.
It already has a spin-off.
As The Wookiee Rumbles.
I think those Carney Cannuks hate the Amerikans moar than the English.
I'm starting to miss, Merv "the" Swerve.
' Merv the 'PERV' you mean?
I can't stop laughing. I've never heard such accusations. (I hope you're wrong) Dominique Strauss-Kahn,
THE QUEEN IS DEAD.
shhh! don't wake up Mr. Kohn, i mean Mr. Kerry, he's sleeping blissfully next to his beautiful bride...
LOL which high priced call girl are you referring to. I think he has a few houses around the world stashed with a few young naked big boobed chicks in their 20s waiting for him whenever he gets horny.
Slim, tight,Intelligent, perky breasted, confident, = Cosmos
I'm waiting for the 900 number. I'm so lost inyour voice COSMOS. Please help me?
I'm very attractive and single. (no luggage -kids) You seem so worldly!
Should I sell usd? (break below 80) or should I trust your effervescent wine stained lips?
Still - there's always Iraq to trade USDs with...
I missed that.
Ouch.
Well he did say he wanted to fundamentally change America...
This could be it.
The USD is being nickeled and dimed to death.
Get out of dollars. NOW.
By the way, recall that Emperor Caracalla granted Roman citizenship to a whole bunch of illegal aliens, and then devalued the shit out of the money supply.
Just sayin'.
He is also one of the emperors who commissioned a large public bath-house in Rome.
Ha. Bath house.
Reggie and Barack would approve of more bath houses.
Obama would win the favor of
ilga.org
(Marlboro Theme)
"Come to maaaaan's Countryyyy"
(Video shows Barry riding bitch on a horse behind Reggie with fluffy cowboy suits)
I hope Bath House Barry isn't proof reincarnation is real.
See the Bus coming .... see America.... give her a shove .... splotch
Yellen, Rosengren, Evans, Williams and Dudley will throw the 99% into the fire when they announce they are converting to SDRs. All US dollars instantly devalued.
Push China into it instead, and you save the world.
Kill the US dollar and petrol-dollar and it will push the US to use the Federal Reserve to their next Ponzi game, the IMF's SDRs.
The SDR is the Fed's ace in the hole.
It will still be a blow to everyone in the US as it instantly devalues the dollar.
Invade the UK! They have WMDs. Or at least the balls to trade in something other than the TP$/Petro$ like Hussein.
/s
Roll the frog slicers Bitchez/
Wow; look at this cowing over here at Zerohedge... BAD BAD SHEEP! This is all done on computers and the only thing it does is elimates the conversion calculation in dollars 3 to 4 years from now. The deal is also limited to 100 Billion; every country uses others currency. The big difference is Full Convert ability and which holds the biggest value.
The Chinese are doing business mainly with countries that like Slave Labor Wages period. These are people that can't feed themselves and have no accesiability to clean water. They are doomed to fall back the second anyone pulls there trade agrements. If you think thats a BLUFF GO 4 Days without drinking any liquids then Respond to my post!
The liberal media will keep quite until some morning/weekend when the Federal Reserve Banksters announce the USD is being transistioned to SDRs and a new currency.
SPDRs be utilized after the PhDs at the Federal Reserve after the current ponzi scheme is determined to be dead, onto the next.
UK just uses the Chinese. Once the opportunity comes, UK will slit the chinese throat. They already are doing it by passes the taxes and fines on empty expensive houses. Lure them closer and closer, then cut them up for dinner.
Reverse that thought and you're spot on. The UK clearing houses take a cut. China slaps London like a wet noodle.
Maybe Cameron might like to trade laps to sit on.
Hope he remembers that dog is a delicacy in China.
"Still - there's always Iraq to trade USDs with..."
Meanwhile Iraq has most of its oil reserves shut in, meaning that if they continue to take USD, the US has continued access to a lot of oil. I see some geo-strategy at play here.
because obama sent back the winston churchill bust....
Too many people it appears a struggle is occurring to unseat America as the words most dominate nation. Too many proud Americans who see the world from the unenlightened and possibly undefendable position the United States has a right to be in control it is both threatening and frustrating to see control slip away.
It is threatening to think the country might quickly fall to the position of a second rate power mired in debt with many of the options we have come to see as our right suddenly ripped away. It is frustrating that in many ways the country has become its own worse enemy guilty of political inaction and squandering its power through a series of bad choices and missteps. More on this shift in power and our best response in the article below.
http://brucewilds.blogspot.com/2014/06/americas-struggle-to-stay-on-top....
The GBP is part of the inverse bias to the USD.
http://bullandbearmash.com/about/usd/
The CDN, Euro, JPY, SEK and SF are the others.
When one of the "six" fluctuate, it affects the USD.
All of China's wealth comes from their US trade surplus, take away the petrodollar and they are broke.
Were stuck with each other, their govt is a bigger scam than ours, their environmental legacy will last much longer than our debt legacy.
Debt you can just dump like toxic waste, unlike toxic waste once dumped it goes away, ask Detroit.