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Mainstream Media Admits "The US Dollar's Domination Is Coming To An End"

Tyler Durden's picture




 

Submitted by Simon Black of Sovereign Man blog,

“Whoever is winning at the moment will always seem to be invincible.”

 

– George Orwell

Wise words indeed as they aptly describe misguided confidence in the US dollar.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), which helps manage the global banking system, tells us that US dollar settlement accounts for the vast majority of global trade.

And as Orwell suggests, many people take it for granted that just because the dollar is in the lead today, it will be that way forever.

They couldn’t be more wrong. There’s been a dominant reserve currency for thousands of years.

The Byzantine Empire’s gold solidus was the world standard for centuries; when they hit the reset button in the 11th century, it became the gold hyperpyron.

Eventually this was abandoned for Venetian ducats. Soon Spain’s silver pieces of eight became the dominant reserve standard to the point they were still legal tender in the United States until 1857.

By the 1860s, the British pound sterling was the world’s primary reserve currency, and over 60% of world trade was settled in pounds.

Reserve currencies come and go. So will the dollar. This is nothing new.

It’s bad enough that US debt is greater than any other nation’s in the history of the world. Or that the dollar is being rapidly debased by a tiny banking elite.

But what’s really driving the nail in the dollar coffin is the US government’s continued appalling arrogance, particularly in bullying around foreign banks.

Just one tiny example is the US government’s $10 billion threat against French bank BNP Paribas, which may even include criminal charges.

BNP’s bank in Geneva stands accused of financing deals with Iran. Never mind that it’s perfectly legal for a bank in Switzerland to do business with Iran. Iran, after all, is one of Switzerland’s largest trading partners in the Middle East.

The issue is that BNP violated a 2012 -executive order- from Barack Obama (#13622) that requires non-US companies to enforce US sanctions.

The arrogance is really overwhelming. This isn’t even an actual law. It’s just an executive order– a royal decree from King POTUS, first of his name.

And even if it were an actual law, on what possible grounds could the US government claim jurisdiction to regulate foreign banks? None. But this doesn’t stop them from doing so.

FATCA is another great example– a seismically destructive law passed in 2010 that mandates all sorts of US compliance requirements on foreign banks.

The only reason the US is able to get away with this is because the dollar (and hence the US banking system) is so important to their global business.

Their patience has run out, and things are starting to change.

The Chinese government has been rapidly loosening controls over the renminbi to increase its reserve status and compete with the dollar. And the rest of the world has quickly adapted to the opportunity.

The proof is clear. According to SWIFT, China’s renminbi is now the second most used currency in the world for global trade settlement, putting it ahead of even the euro.

In London, renminbi trade last year surged 50% to $25.3 billion per day. And there’s every indication that this growth will continue.

Singapore’s central bank is now offering overnight renminbi liquidity. Russian companies are preparing to pay for trade in renminbi. Even the World Bank’s IFC just issued its first renminbi-denominated bond.

It’s happening. And based on the data, it’s completely obvious… to just about everyone but the US government.

I was surprised to see an article in the Financial Times’ banking intelligence subsidiary (‘The Banker’) entitled “The US’s dollar domination is coming to an end.”

Shocking. This reality has become obvious to just about everyone… except for the US government.

And seeing it reminded me of another great Orwell quote– “[W]e have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men.”

Orwell was right. Fortunately, intelligent people can choose to embrace this obvious reality and benefit from it… rather than ignore reality and be devastated by it.

 

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Fri, 06/27/2014 - 10:28 | 4902114 _ConanTheLibert...
_ConanTheLibertarian_'s picture

I hope the system crashes before GATCA comes. It may come anyway.

Fri, 06/27/2014 - 10:29 | 4902121 Chief Kessler
Chief Kessler's picture

Ted Nugget is doing some dominating on Clive's Bunghole tonight ladies!

Fri, 06/27/2014 - 10:34 | 4902143 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

According to SWIFT, China’s renminbi is now the second most used currency in the world for global trade settlement, putting it ahead of even the euro.

If the RMB is pegged to the USD, this does NOT matter!!! It is a defacto dollar. The USD will NOT be hurt. Get over it. When the peg is dropped then the USD will be threatened.

Fri, 06/27/2014 - 10:36 | 4902147 y3maxx
y3maxx's picture

...Soon after the USSA swallows Canada for its wealth of Natural Resources and tiny population, the Canadian Loonie will emerge as the World Currency Reserve...No pun intended.

Fri, 06/27/2014 - 10:41 | 4902163 Top Gear
Top Gear's picture

Just a bunch of gold-bug wankers hoping for the Financial Apocalpyse.

Rapture = Collapse

Heaven = Gold Standard

Harold Camping is on the white courtesy phone.

 

Fri, 06/27/2014 - 10:45 | 4902190 MeMongo
MeMongo's picture

"Think of it men, hoof and mouth disease a thing of the past!

..........

Fri, 06/27/2014 - 11:25 | 4902220 JRobby
JRobby's picture

Damn miracle anti-biotics

Fri, 06/27/2014 - 13:17 | 4902765 SamAdams
SamAdams's picture

Once the dollar loses its reserve status, it can be canceled, and the whole debt/inflation scam started anew.  The only reason it has not yet been canceled, is that the gold and the financial system took time to move to the new wealth extraction land of China.  Why do you think all the gold is moved?

Currencies have been canceled many times in European countries, but they were not a reserve currency.  For all practical purposes, Bretton-Woods is moving to China.

Remember, a dollar in 1913 is worth 4 cents now.  That means it is about played out.  And over that 100 years, they have bled the USA dry, just like a parasite should.  Now that the host is nearly deceased, and it is time to move to a new host.  However, there will be plenty of parasites left behind to keep the old host down.  Agenda 21, fracking, illegal immigration, etc.

Fri, 06/27/2014 - 10:49 | 4902209 El Vaquero
El Vaquero's picture

I'm not a Christian and I fully expect an economic collapse. 

 

The average life expectancy for a fiat currency is 27 years.” Onward to gold.

 

http://www.forbes.com/sites/ralphbenko/2014/06/23/ron-paul-and-rand-paul...

The USD has been pure fiat since 1971.  That's roughly 43 years.  The dollar is an old and worn out whore.  What now, BITCHEZ? 

Fri, 06/27/2014 - 10:57 | 4902255 Azannoth
Azannoth's picture

I don't think "True Belivers" buy much gold, it's "God" they trust remember? not Gold

Fri, 06/27/2014 - 11:09 | 4902305 Top Gear
Top Gear's picture

God, Gold, Guns, Grub, and Girls! (not in that particular order) or is it Bible, Bullion, Bullets, Beans, and Babes?

Fri, 06/27/2014 - 11:21 | 4902346 Grande Tetons
Grande Tetons's picture

Prayer, Pms, Power, Preperation and Pussy....and then more Pussy. 

Fri, 06/27/2014 - 11:42 | 4902418 MuleRider
MuleRider's picture

Sprituality, Silver, Shooting, Sustenane and Skanks....hey this s fun!

 

 

Fri, 06/27/2014 - 11:47 | 4902437 Grande Tetons
Grande Tetons's picture

I am going to add this exercise to my home schooling curriculum. 

Fri, 06/27/2014 - 14:17 | 4903081 Cathartes Aura
Cathartes Aura's picture

I'm sure your daughters

will be pleased

to learn their place.

Fri, 06/27/2014 - 14:37 | 4903167 Miles Ahead
Miles Ahead's picture

Real True Believers?  Not Gold, nor Silver.  More like 401-K.  And...

KillingAbortionists, K9 Knots, Kerosene, Kissing Kin, Ku, Klux, and Klan...

Fri, 06/27/2014 - 11:26 | 4902371 JRobby
JRobby's picture

There is a sale on Toughshed's this weekend

Fri, 06/27/2014 - 11:39 | 4902409 Son of Loki
Son of Loki's picture

Gold at $2,800 and oil at $150 is a real probability in the near future as the dollar weakens, costs to make things rises and geopolitical conflicts increase. The lady down the block is a buyer for a large retail chain and says textiles like cotton, merino wool, cashmere and up over 30% yoy. She also said due to the Vietnam problems many Chinese companies are relocating back to mainland and will pay the higher labor. This translates into much higher clothes prices next year.

 

I guess it’s just a matter of timing when these commodities/textile prices soar.

Fri, 06/27/2014 - 12:05 | 4902513 Praetorian Guard
Praetorian Guard's picture

Guns, Grub and Gold

www.gunsgrubandgold.com

Fri, 06/27/2014 - 12:51 | 4902669 Citxmech
Citxmech's picture

You keep fiddling - I'll keep prepping.  We'll see who's wager pays bigger dividends.

Fri, 06/27/2014 - 12:09 | 4902526 Space Animatoltipap
Space Animatoltipap's picture

These Top Gear guys are indeed megalomane. They are just living tragedies. Cynical, arrogant, incompetent. But popular with the blind masses.

Fri, 06/27/2014 - 12:26 | 4902596 Slave
Slave's picture

They still haven't banned this fucking troll?

Fri, 06/27/2014 - 14:19 | 4903090 Cathartes Aura
Cathartes Aura's picture

heh, "fucking trolls" are becoming the

backbone of commentary threads.

get 'em while you can though, as those same

comments dis-appear every few months. . .

Fri, 06/27/2014 - 20:38 | 4904441 The Merovingian
The Merovingian's picture

Fuck off troll.  

Fri, 06/27/2014 - 11:15 | 4902330 BobTheSlob
BobTheSlob's picture

Define "pegged"...more like a "managed float" and who controls it?

"The true value of the yuan is difficult to ascertain, and although various studies over the years suggest a wide range of undervaluation - from as low as 3% to as high as 50% - the general agreement is that the currency is substantially undervalued. By keeping the yuan at artificially low levels, China makes its exports more competitive in the global marketplace. China achieves this by pegging the yuan to the U.S. dollar at a daily reference rate set by the People’s Bank of China (PBOC) and allowing the currency to fluctuate within a fixed band (set at 1% as of January 2014) on either side of the reference rate. Because the yuan would appreciate significantly against the greenback if it were allowed to float freely, China caps its rise by buying dollars and selling yuan. This relentless dollar accumulation led to China’s foreign exchange reserves growing to a record $3.82 trillion by the fourth quarter of 2013."

http://www.investopedia.com/articles/forex/09/chinas-peg-to-the-dollar.asp

Sounds to me like the "exchange rate" can be quickly altered to suit China et. al.

Fri, 06/27/2014 - 12:20 | 4902567 Urban Redneck
Urban Redneck's picture

No, a CNY is not a de facto USD.

A currency peg is not some magical bond, it is an actively maintained machination of a central bank.

A currency peg between the #1 and #2 trading currencies has serious implications for domestic monetary and fiscal policy in both China and the US (as well as the rest of the world).

You could apparently actually learn something from an Economics 101 class.

Fri, 06/27/2014 - 13:03 | 4902721 screw face
screw face's picture

buy the fucking dip

Fri, 06/27/2014 - 13:11 | 4902755 Redneck Hippy
Redneck Hippy's picture

Yes, but that Uraguayan soccer player had to pay a fine to FIFA denominated in Swiss francs.  Surely that's a sign of imminent collapse.

Fri, 06/27/2014 - 14:38 | 4903173 Miles Ahead
Miles Ahead's picture

+100

Fri, 06/27/2014 - 10:36 | 4902145 y3maxx
y3maxx's picture

Most definitely.

Fri, 06/27/2014 - 10:38 | 4902155 ZH Snob
ZH Snob's picture

it's tricky tryin' to balance the cash one should keep (outside the bank), the PMs one should turn most of it into and the food that would be wise to store. 

black markets and bartering will become the preferred means of buying and selling once even the dolts realize our government is out to destroy us.

Fri, 06/27/2014 - 11:05 | 4902286 MeMongo
MeMongo's picture

Mongo suggests NOT another minute should go by before one actively gets involved in bartering with others! Those are not the type of networks where trust is often quickly gained. Imho the sooner the better, once trustworthy relationships are established trades get easier and smoother!

Fri, 06/27/2014 - 13:04 | 4902723 zerocash
zerocash's picture

Executive Order 666666 will mandate that all assets will be seized of businesses that don't use FRN's for international trade wherever they are located in the world and of whatever nationality they are. And that all persons involved (from upper management to the lowest janitor) will become outlaws who are eligible to be droned or killed by all law abiding people.

Execute Order 666666!

Fri, 06/27/2014 - 10:27 | 4902116 madcows
madcows's picture

Winning!, Er, wait, no, LOSING!

FORWARD, Comrades!  Way to go, guys.  You have successfully killed the Golden Goose.

Fri, 06/27/2014 - 10:28 | 4902117 Thought Processor
Thought Processor's picture

 

 

It's ok, Belgium will soak up all the excess reserves.

Fri, 06/27/2014 - 10:43 | 4902173 BeerMe
BeerMe's picture

Not after a U.S. victory in the World Cup!

Fri, 06/27/2014 - 10:30 | 4902120 alexcojones
alexcojones's picture

    "Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened."

-Ron Paul


Fri, 06/27/2014 - 10:36 | 4902150 Top Gear
Top Gear's picture

Ron Paul is a threat to personal liberties.  That moron seems to have never read the Constitution.

• The notion of a rigid separation between church and state has no basis in either the text of the Constitution or the writings of our? Founding Fathers. ~wRoNg Paul, 2003

Really?

• I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should "make no law respecting an establishment of religion, or prohibiting the free exercise thereof," thus building a wall of separation between Church & State. ~Thomas Jefferson, 1802

wRoNg Paul is just a sex-obsessed fundie boy.

• "There clearly is NO RIGHT TO PRIVACY...found anywhere in the Constitution....The State of Texas has the right to decide for itself how to REGULATE SOCIAL MATTERS LIKE SEX, using its own local standards..." ~wRoNg Paul (lewrockwell.com/paul/paul120.html)

Here's your privacy, Ronny boy:

1st Amendment = Privacy of Beliefs
3rd Amendment = Privacy of the Home
4th Amendment = Privacy of? the Person and Possessions
5th Amendment = Privacy of Personal Information

Somebody hand wRoNg Paul a copy of the Constitution.

Fri, 06/27/2014 - 10:45 | 4902188 NoDebt
NoDebt's picture

You make friends like Obama wins the respect of other world leaders.

Just curious.... in your mind, are you winning?

Fri, 06/27/2014 - 11:03 | 4902280 Top Gear
Top Gear's picture

I don't want Ron Paul in a Texas Ranger hat peeping in my bedroom.  Therefore, I'm pro-Obama.  Libertarian Logic, it's awesome.

Fri, 06/27/2014 - 11:09 | 4902302 Deathrips
Deathrips's picture

Yup Top Gear.... You're a moron.

The same mother fucker signs all their checks. Fuck wearing political jersies while getting ass raped.

The face you think is a choice are all controlled by central bankers that create money out of nothing, and the people work for it dumbass. Which party gives me the opt out of this central bank circle jerk?

 

Some people....

RIPS

 

Fri, 06/27/2014 - 11:18 | 4902337 BobTheSlob
BobTheSlob's picture

Wow...you actually admit that you are pro-Obama...incredible! White guilt much?

Fri, 06/27/2014 - 11:57 | 4902487 Top Gear
Top Gear's picture

Do you find Obama to be an anti-property shade?

"In short; racialist science is properly not an act of aggression or a cover for oppression of one group over another, but, on the contrary, an operation in defense of private property against assaults by aggressors."  ~Murray Rothbard (lewrockwell.com/rothbard/ir/­Ch75.html‎)

Do you reckon them suthern Mises Institute boys in Auburn, Alabama gots 'em a scientific plan to put Obama back in his place?

"I laid out my 'Thirty Day Plan' for...restoring the natural socioeconomic hierarchy..." ~Lew Rockwell (mises.org/freemarket_detail.aspx?control=560)

Boy, bring me my lemonade before I apply my freemarket whip to your backside!

"He'd like more than anything else to boss me around, and then whip me every time I displeased him....Slave-master Rafe would never shell out the cold cash if, after he paid, I could haul him into court on assault and battery charges when he whipped me."
Voluntary Slave Contracts, by Walter Block, Austrian Economist (lewrockwell.com/block/block134.html)

And don't you forget it:

"We libertarians do not oppose HIERARCHY or COMMAND or? AUTHORITY..." ~Stephan Kinsella

Bow to your freemarket boss, NOW!

Fri, 06/27/2014 - 12:02 | 4902501 cocky roach
cocky roach's picture

I wanted to point out that Top Gear is a moron, but I see everybody beat me to it.

Fri, 06/27/2014 - 13:08 | 4902738 Citxmech
Citxmech's picture

You know, the other day I was going to post something about the only way this asshole (Top Gear) could ensure more downvotes is if he started talking shit about gold and Ron Paul.

Apparently, nothing needed to be said.  This clown has got to be the latest itaration of MDB.  A little less pure sarc, a lot more vitriol - but all the talking points are basically the same.  

Pure uncut troll.  

Nobody could be this much of an idiot for real.

 

Well played sir.

Fri, 06/27/2014 - 14:26 | 4903116 Cathartes Aura
Cathartes Aura's picture

while he may well be "trolling" - he IS making some points worth noticing, amidst the sarcasm.

anyone looking to divest themselves of a limiting belief system that requires "leaders" to tell them how to think, can certainly take some of his posts at face value.

but you'll have to give up that ole FatherGod/old man worship, and the belief that voting can change anything

in a system that is working as designed.

((including the ole controlled opposition chestnut))

Fri, 06/27/2014 - 16:17 | 4903650 NidStyles
NidStyles's picture

You've obviously never actually read anything Ron Paul or Mises have wrote.

Sat, 06/28/2014 - 13:00 | 4905475 Cathartes Aura
Cathartes Aura's picture

au contraire, my stance is actually BASED on Ron Paul's ongoing propping up of bills designed to insert government into women's body sovereignty - a gene he's passed on to his career-politician son, and others in the Republican Party the Pauls live within.

while he's terribly popular with the volunteer military and the young folks seeking legalising of marijuana, etc. - there are people paying attention to what

his other hand is up to.

back when ZH pages were FILLED with his fans during the electioneering circus, I did much research into Paul's written histories, even those he later disavowed.  as a career politician only recently retired, there was quite the backstory for those who took the time.

as to Mises.org?  I am not a voter, nor a State-ist, nor do I seek to be governed by adopting a "label" to argue from, so it holds little value for me to re-search anything "Mises" lads are interested in, beyond a political perspective currently trendy for adoption.

HOWEVER, here's a link to mises.org that is of interest to me,

Another argument of the anti-abortionists is that the fetus is a living human being, and is therefore entitled to all of the rights of human beings. Very good; let us concede, for purposes of the discussion, that fetuses are human beings—or, more broadly, potential human beings—and are therefore entitled to full human rights. But what humans, we may ask, have the right to be coercive parasites within the body of an unwilling human host? Clearly no born humans have such a right, and therefore, a fortiori, the fetus can have no such right either.

I've read that Ron Paul has a portrait of Rothbard on his office wall. . .

 

((not that it matters, but I didn't downvote you. . .))

Fri, 06/27/2014 - 12:04 | 4902507 Grande Tetons
Grande Tetons's picture

Lemme guess....Adderall with a Red Bull chaser? 

Fri, 06/27/2014 - 12:56 | 4902692 jerry_theking_lawler
jerry_theking_lawler's picture

Man, they are thick in here tonight....plus they get dumber, and dumber, and dumber as time goes on....the pay must be getting low (as .gov is running out of funding)...

Fri, 06/27/2014 - 11:45 | 4902429 yogibear
yogibear's picture

"I'm pro-Obama."

Correction comrade, you mean Socialist logic, as in the former Soviet Union. 

Fri, 06/27/2014 - 11:06 | 4902287 pods
pods's picture

Hey Dickpuff (Topgear above you NoDebt):
I have a right to privacy.  Have you bothered to read amendment 9? 

That is the problem with the BOR, or including it with the constitution.  It allows the statists to use the consitution to reign in the people, instead of what it was.

pods

Fri, 06/27/2014 - 11:33 | 4902392 RaceToTheBottom
RaceToTheBottom's picture

His role in life at ZH is to provide the use case for a new functionality called "IGNORE Poster"

Fri, 06/27/2014 - 14:30 | 4903133 Cathartes Aura
Cathartes Aura's picture

*meh*

either FIGHT or learn to scroll.

else it devolves into a sweet lil echo club of boy-friends,

whiling away their waking hours chatting

and gazing wistfully at each others avatars.

Fri, 06/27/2014 - 16:49 | 4903774 NidStyles
NidStyles's picture

Fighting you is like having an argument with a woman, but it never makes sense and goes no where.

Sat, 06/28/2014 - 13:09 | 4905493 Cathartes Aura
Cathartes Aura's picture

aawwwww, petal - you can't keep up with my points raised?

they're actually quite simple, particularly since I don't obfuscate with political posturing or economic theorising, nor do I add in any SkyDudes to back up my "beliefs", nor am I wedded to flag-waving for any fictive nationstate under the mind-control of myriad True Believers. . .

quite simple, really.

but cute how you've labeled me a "woman" and then applied the popular cliches.

Sat, 06/28/2014 - 08:01 | 4905116 RaceToTheBottom
RaceToTheBottom's picture

too late.

Sat, 06/28/2014 - 13:26 | 4905506 WillyGroper
WillyGroper's picture

hey, can u make urself available on chat?

Fri, 06/27/2014 - 10:46 | 4902189 Grande Tetons
Grande Tetons's picture

  I miss Fonestar. 

Fri, 06/27/2014 - 10:46 | 4902194 NoDebt
NoDebt's picture

Let's not be hasty.

Fri, 06/27/2014 - 10:50 | 4902215 Grande Tetons
Grande Tetons's picture

...ok....

BITCOIN!!!!!! 

Fri, 06/27/2014 - 13:31 | 4902838 COSMOS
COSMOS's picture

The hands behind Fonestar may be the same hands behind Top Gear.  Who knows, certainly the members with 4+ year history will deny it LOL

Fri, 06/27/2014 - 10:50 | 4902218 Blano
Blano's picture

Haven't seen MDB lately either.

Fri, 06/27/2014 - 13:09 | 4902742 Citxmech
Citxmech's picture

I think MDB got sick of all the copycats diluting his brand and he's reappeared as Top Gun.

Fri, 06/27/2014 - 11:00 | 4902268 NotApplicable
NotApplicable's picture

Ummm... if you haven't noticed, his name is now gh0atrider.

Fri, 06/27/2014 - 11:16 | 4902325 Grande Tetons
Grande Tetons's picture

...it is not the same. Kinda like Prince when he changed his name to a symbol. 

Fri, 06/27/2014 - 12:05 | 4902509 Top Gear
Top Gear's picture

I guess I should've known by the way you parked your car sideways that it wouldn't last.

Fri, 06/27/2014 - 12:13 | 4902549 Grande Tetons
Grande Tetons's picture

Little Red Corvette! Yeah, I knew you were not a moron. Now, go get em champ! 

Fri, 06/27/2014 - 13:01 | 4902709 Rylie
Rylie's picture

Leo and his chinese solars was my favourite troll, and who can forget Jonny Bravo..

Fri, 06/27/2014 - 13:10 | 4902744 Citxmech
Citxmech's picture

Meth Man was fun for a bit too.

Fri, 06/27/2014 - 10:49 | 4902210 JailBank
JailBank's picture

Wow both a long and stupid comment. Top notch top gear.

Fri, 06/27/2014 - 11:04 | 4902283 TuPhat
TuPhat's picture

At least MDB made his comments sound somewhat plausible and Fonestar was sort of laughable, Top Gear is an annoyance.  A sweat bee in my drink is more welcome.

Fri, 06/27/2014 - 11:08 | 4902300 pods
pods's picture

Makes a tick on your taint seem downright lovable.

pods

Fri, 06/27/2014 - 13:11 | 4902753 Citxmech
Citxmech's picture

<-- AnAnonymous

<-- Top Gear

 

Most annoying troll?

Fri, 06/27/2014 - 11:00 | 4902264 yrad
yrad's picture

You are such a troll that the fact I am even typing such an obvious comment makes me wince.

Fri, 06/27/2014 - 11:34 | 4902393 Bemused Observer
Bemused Observer's picture

I posted a comment yesterday defending transgenders, and got 3 downvotes. I felt bad about those three, even reposted to try and find out what they didn't like.

How does 32 feel? Wow...And you are racking them up all over the place on multiple topics. Either you have the hide of a crocodile, or you are actually enjoying it.

And no, please don't tell me what you think of transgenders, I'm pretty sure I already know.

Fri, 06/27/2014 - 12:00 | 4902497 Top Gear
Top Gear's picture

Well I'm not dumb but I can't understand,
Why she walked like a woman and talked like a man.

Fri, 06/27/2014 - 14:35 | 4903154 Cathartes Aura
Cathartes Aura's picture

carefull there

or you'll conjure up Harbanger. . .

Fri, 06/27/2014 - 11:34 | 4902396 yogy999
yogy999's picture

It never ceases to amaze me the depths of which IQ's can go. Top Gear comes in at a solid 29.

 

Fri, 06/27/2014 - 11:58 | 4902492 Docnyc
Docnyc's picture

Is 63 down votes a record?

Fri, 06/27/2014 - 12:07 | 4902519 Save_America1st
Save_America1st's picture

66 now and still plunging. He's about as popular as CONgress or obama at this point. 

Fri, 06/27/2014 - 12:08 | 4902527 Top Gear
Top Gear's picture

63 out of 64 Paultards prefer Texas Ranger peeping toms to peruse their bedroom activities--if their dear leader wRoNg Paul advocates it. Otherwise, it would be like living in North Korea.

Fri, 06/27/2014 - 14:36 | 4903168 Cathartes Aura
Cathartes Aura's picture

most of those don't mind

as long as it's only the "womens"

who get the laws applied, constitutionally of course.

so easy to play the "sides" for profit.

Fri, 06/27/2014 - 12:05 | 4902511 Save_America1st
Save_America1st's picture

@Top Gear

Why didn't you post the entire article Ron Paul wrote that's on that link from Lew Rockwell?  Have the guts to show what Ron Paul was speaking of so that everyone can see the context of what he was talking about.  What you did by taking that out of context is total bullshit, dude.  Just because you don't possess reading comprehension skills doesn't make it Ron Paul's problem.  It's your problem.  Just sayin'...

So here's what Ron Paul wrote from the link this idiot provided above.  I bolded and italicised the section in question.  And clearly Ron Paul was not saying what asshead (top gear) was trying to imply in his comment above. 

 

Federal Courts and the Imaginary Constitution

by Rep. Ron Paul, MD 
 

 

It's been a tough summer for social conservatives, thanks to our federal courts. From “gay rights” to affirmative action to Boy Scouts to the Ten Commandments, federal courts recently have issued rulings that conflict with both the Constitution and overwhelming public sentiment. Conservatives and libertarians who once viewed the judiciary as the final bulwark against government tyranny must now accept that no branch of government even remotely performs its constitutional role.

The practice of judicial activism — legislating from the bench — is now standard for many federal judges. They dismiss the doctrine of strict construction as hopelessly outdated, instead treating the Constitution as fluid and malleable to create a desired outcome in any given case. For judges who see themselves as social activists, their vision of justice is more important than the letter of the laws they are sworn to interpret and uphold. With the federal judiciary focused more on promoting a social agenda than upholding the rule of law, Americans find themselves increasingly governed by men they did not elect and cannot remove from office.

Consider the Lawrence case decided by the Supreme Court in June. The Court determined that Texas had no right to establish its own standards for private sexual conduct, because gay sodomy is somehow protected under the 14th amendment “right to privacy.” Ridiculous as sodomy laws may be, there clearly is no right to privacy nor sodomy found anywhere in the Constitution. There are, however, states' rights — rights plainly affirmed in the Ninth and Tenth amendments. Under those amendments, the State of Texas has the right to decide for itself how to regulate social matters like sex, using its own local standards. But rather than applying the real Constitution and declining jurisdiction over a properly state matter, the Court decided to apply the imaginary Constitution and impose its vision on the people of Texas.

Similarly, a federal court judge in San Diego recently ordered that city to evict the Boy Scouts from a camp they have run in a city park since the 1950s. A gay couple, with help from the ACLU, sued the city claiming the Scouts' presence was a violation of the “separation of church and state.” The judge agreed, ruling that the Scouts are in essence a religious organization because they mention God in their recited oath. Never mind that the land, once privately owned, had been donated to the city for the express purpose of establishing a Scout camp. Never mind that the Scouts have made millions of dollars worth of improvements to the land. The real tragedy is that our founders did not intend a separation of church and state, and never envisioned a rigidly secular public life for America. They simply wanted to prevent Congress from establishing a state religion, as England had. The First amendment says “Congress shall make no law” — a phrase that cannot possibly be interpreted to apply to the city of San Diego. But the phony activist “separation” doctrine leads to perverse outcomes like the eviction of Boy Scouts from city parks.

These are but two recent examples. There are many more, including the case of Alabama Chief Justice Roy Moore, who was ordered by a federal court to remove a Ten Commandments monument from Alabama courthouse property.

The political left increasingly uses the federal judiciary to do in court what it cannot do at the ballot box: advance an activist, secular, multicultural political agenda of which most Americans disapprove. This is why federal legal precedents in so many areas do not reflect the consensus of either federal or state legislators. Whether it's gun rights, abortion, taxes, racial quotas, environmental regulations, gay marriage, or religion, federal jurists are way out of touch with the American people. As a society we should reconsider the wisdom of lifetime tenure for federal judges, while Congress and the President should remember that the Supreme Court is supreme only over other federal courts — not over the other branches of government. It's time for the executive and legislative branches to show some backbone, appoint judges who follow the Constitution, and remove those who do not.

August 12, 2003

Fri, 06/27/2014 - 12:13 | 4902548 Top Gear
Top Gear's picture

Here's the context of your misuse of the word "context."

CONTEXT!!!!!!
444,547 views, 15,217 likes
http://www.youtube.com/watch?v=PK7P7uZFf5o

As you can see, a critique of your "context" bullshit is rather popular.

Fri, 06/27/2014 - 12:16 | 4902554 El Vaquero
El Vaquero's picture

Deflect much?  Post the whole fucking Ron Paul piece and let people judge for themselves.  Don't be a big flobbity clap infested pussy.  Post it all next time. 

Fri, 06/27/2014 - 12:49 | 4902664 Parabox
Parabox's picture

He's not here to educate, he's here to obfusgate. 

Fri, 06/27/2014 - 14:53 | 4903234 Cathartes Aura
Cathartes Aura's picture

What a conspiracy this,
          between church and state!
     Sing Tantarara, rogues all, rogues all!
     Sing Tantarara, rogues all!
              
-- Thomas Jefferson

Fri, 06/27/2014 - 12:18 | 4902561 Top Gear
Top Gear's picture

Oh, I must add that I really love it when STATES RIGHTS! and STATIST! comes out of the same pie hole in one breath.

Fri, 06/27/2014 - 14:29 | 4903125 JailBank
JailBank's picture

Not even reading what you write just click the red arrow. Say don't you have a to get back the MSNBC studio and scrub Rachel Maddo's cock?

Fri, 06/27/2014 - 14:23 | 4903057 Save_America1st
Save_America1st's picture

@Top Gear

a stick-figure cartoon?  that's your comeback?  a stick-figure cartoon?  really?  stick-figures?  Wow...so many "likes"...that's impressive stuff there, dude. 

speaking of "likes" that also reminds me of "dislikes".  Let's take your posts on this thread for example.

I counted 10 posts from you so far.  Your "like" and "dislikes" scores for each post are below.  I'll do the math cuz I'm guessing for someone into stick-figure cartoons, math just might not be your forte.  (forte means "strength", by the way...what I'm saying is math (among other things like reading comprehension) is probably not something you're very good at.  Just an assumption.)

So, anyways then...back to the tally.

Total "likes" for the shit you've been spewing all over this thread:  16 

Wow...good job, dude.  However, I'm going to automatically have to dock you 9 votes, because it's a very high probability that you voted for yourself on 9 of your posts.  I guess you hated your last post so much though that you didn't even "like" yourself for it.  There's still time to tally another for yourself though.  So that will leave you with a grand total of 7 "likes". 

Total dislikes:  258

Damn, dude.  That kinda negativity can only rival Fonestar on Zerohedge.  And those are big shoes to fill.  But even that guy has somewhat of a support base on ZH.  Of course, you've only been on ZH for a little over a week, so we can tell you're quite ambitious to suck really, really bad.  But I'm not really seeing a Fonestar-type support base for you here though...sorry...it just ain't happenin'. 

You can see the scores below.  To your credit the negative scoring did start to drop off as you posted more replies to everyone.  But also that really just means that nobody gives a flying fuck what you're talking about and they've become bored with you. 

4

-69

2

-17

3

-87

1

-51

1

-16

2

-4

1

-3

1

-4

1

-5

0

-2

 

Fri, 06/27/2014 - 14:41 | 4903187 Cathartes Aura
Cathartes Aura's picture

y'all sure do love yer votes,

and your beliefs in "majority rules" by virtue

of pixel ticks in a box'd

mind.

Fri, 06/27/2014 - 12:28 | 4902605 DosZap
DosZap's picture

Top Gear Obamanite,

Really?.Do YOU EVEN understand what the establishment of religion clause meant?,guess not.FYI, it meant the GOVT cannot establish ONE denomination, or religious/belief system over the nation.

Also, there is NOWHERE to be found is a document or clause, reading there is a "Separation of Church and state".

BS: Used by ACLU clowns for decades to rid the country of Christian beliefs,and where and when anything biblical can be posted.

I cannot fathom anyone admitting their kiss ass attachment to Obama.But, that's your right.

 

Fri, 06/27/2014 - 13:13 | 4902762 Citxmech
Citxmech's picture

Er, what is the 1st amendment, Alex?

Fri, 06/27/2014 - 14:09 | 4903052 Top Gear
Top Gear's picture

Read what wRoNg Paul actually wrote, OK? He said no founder said it.

• The notion of a rigid separation between church and state has no basis in either the text of the Constitution or the writings of our? Founding Fathers. ~wRoNg Paul, 2003

Maybe wRoNg Paul doesn't consider Thomas Jefferson a founder? LOL

<<admitting their kiss ass attachment to Obama>>

More made-up bullshit by Lying Paultards. Please quote where I said anything like that.

Fri, 06/27/2014 - 16:54 | 4903798 NidStyles
NidStyles's picture

You obviously know dick about Jefferson, he was a Diest. 

Fri, 06/27/2014 - 10:45 | 4902123 JustObserving
JustObserving's picture
"The US Dollar's Domination Is Coming To An End".  

Unpossible.  Could we have a better president than the Nobel Prize Winner?  And the $6 trillion that we blew on the wars in Iraq and Afghanistan will boost the economy for years.  Why, we had -2.9% growth in Q1 GDP.

Fri, 06/27/2014 - 10:48 | 4902201 Al Huxley
Al Huxley's picture

The important thing to focus on is that there WAS growth!   Now granted, it was in a different direction than forecast, but I think if we can all focus on the number, and not get hung up on 'which way it's pointing', then we'll feel a lot better about the strength of the recovery.  Oh, and also 'Buy Stocks!!!'

Fri, 06/27/2014 - 10:49 | 4902212 NoDebt
NoDebt's picture

I never thought about it that way before.

Fri, 06/27/2014 - 11:06 | 4902289 TuPhat
TuPhat's picture

Sort of like back asswords but I get it.

Fri, 06/27/2014 - 11:20 | 4902345 BobTheSlob
BobTheSlob's picture

Growth = |-Growth| = Growth

Well at least the math works!

Fri, 06/27/2014 - 11:21 | 4902351 Winston Churchill
Winston Churchill's picture

Growth as in goitre.

Fri, 06/27/2014 - 10:30 | 4902124 orangegeek
orangegeek's picture

And the MSM always has the right answers.

 

Does the MSM publish this?  http://bullandbearmash.com/about/usd/

 

Of course not.

 

If the USD was no longer dominant, this would directly impact the Euro, GBP, JPY, CDN, SF and SEK.

 

MSM are a bunch of trained baffoons that pump stuff that the government tells them to pump - otherwise the MSM won't get their next interview.

Fri, 06/27/2014 - 10:32 | 4902134 Danno Anderson
Danno Anderson's picture

A little peek deeper into the facts. 

 

http://www.economist.com/news/finance-and-economics/21604579-buzz-about-rise-chinas-currency-has-run-far-ahead-sedate-reality-yuawn   Excerpts:   The hype rests on several seemingly impressive numbers. Yuan deposits beyond China’s borders have increased tenfold in the past five years. The “dim sum” bond market for yuan-denominated debt issued outside China has gone from non-existence to a dozen issuances a month. And the yuan is the second-most-used currency in the world for trade finance.   London’s currency traders, however, will not be hyperventilating. The rapid growth in the use of the yuan outside China, whether for trade settlement or investment, has been from a minuscule base. The yuan is the seventh-most-used currency in international payments, according to SWIFT, a global transfer system. That is up from 20th place at the start of 2012. However, the Chinese currency still accounts for a mere 1.4% of global payments, compared with the dollar’s 42.5%. Given that many of those deals just shuffle cash between Chinese companies and their subsidiaries in Hong Kong, there is much less than meets the eye to the yuan’s stature as a trade-settlement currency.
Fri, 06/27/2014 - 10:33 | 4902135 Dr. Engali
Dr. Engali's picture

The arrogance of .gov is appalling, however you aren't going to get much sympathy for the criminals in the banking cabal Simon. Fuck them all.

Fri, 06/27/2014 - 10:34 | 4902137 Kaiser Sousa
Kaiser Sousa's picture

250 oz's got ordered from Apmex yestiddy...

when r the rest of ya'll mother fuckers gonna wake the fuck up...

if u aint sleep walking then this dont apply to u...

if u is - WAKE THE FUCK UP!!!!!!

keep stackin.

Fri, 06/27/2014 - 10:47 | 4902205 Grande Tetons
Grande Tetons's picture

Good for you, buddy. Let us hope this bitch can break 22 before your box arrives. 

Fri, 06/27/2014 - 11:25 | 4902364 BobTheSlob
BobTheSlob's picture

It won't. And the COT report will prove this to be true. This rally will get smacked down in short order. Until of course the silver shortage becomes glaringly obvious.

Fri, 06/27/2014 - 10:48 | 4902206 NoDebt
NoDebt's picture

First rule of buying sizable quantities of gold:  don't talk about buying sizable quantities of gold.

Good for you, now learn how to keep your yap shut about it.

Fri, 06/27/2014 - 10:52 | 4902222 Kaiser Sousa
Kaiser Sousa's picture

man, it aint about braggin...

and i dont fear no one including the government...

look, i feel obliged to speak the gospel...i want to live amongst free men in a world were sound money affords us all liberty and prosperity...

for that i willing to speak my mind and damn who is listening...

Fri, 06/27/2014 - 11:20 | 4902349 A82EBA
A82EBA's picture

Amen Brother !

Fri, 06/27/2014 - 11:50 | 4902455 Docnyc
Docnyc's picture

I fear the government. That's one of the reasons I stack.

Fri, 06/27/2014 - 10:52 | 4902223 IridiumRebel
IridiumRebel's picture

Stack Boat Lose Repeat

Fri, 06/27/2014 - 10:49 | 4902208 Kaiser Sousa
Kaiser Sousa's picture

speaking of lamestream media...

on the front page...

 

http://www.marketwatch.com/story/why-silver-is-outperforming-gold-and-is...

Fri, 06/27/2014 - 10:50 | 4902217 IridiumRebel
IridiumRebel's picture

Kaiser babe, I'd say most here mimic your stacktional healing. Go say this on Yahoo and see what those sentient folks say.

Fri, 06/27/2014 - 10:52 | 4902230 Blano
Blano's picture

I'm awake, just in a bind these days that I can't seem to get out of.  Eventually I'll be back to it.

Fri, 06/27/2014 - 10:58 | 4902260 Kaiser Sousa
Kaiser Sousa's picture

with meager means if that is ur current lot pick up some pre 65' quarters or halfs...

YOU CAN DO IT!

every unit edges you closer to freedom from the MoneyChangers...

onward brother.

Fri, 06/27/2014 - 10:34 | 4902140 pods
pods's picture

As long as it is another central bank controlled currency things will still suck.

Just suck moreso in the USA.

pods

Fri, 06/27/2014 - 10:34 | 4902144 pathetic looser
pathetic looser's picture

its interesting to see how the most significant events in history are are being played in a slow motion , so slow that most of the people who lived thru it wouldn't even notice . only when read about it in a history book it seems like it was something that happened overnight...

 

Fri, 06/27/2014 - 10:38 | 4902152 ebworthen
ebworthen's picture

"It's six o'clock it's quitting time I'm done for the day
Out on the streets I overheard a lady say
We now have everything or so people say
But now this emptiness haunts me every day
We seek the lion's share never knowing why."

Styx - "Pieces of Eight"

http://www.youtube.com/watch?v=UAJvZYr---Y

And the Dollar is a hundred fold more hollow than Silver.

"Federal Reserve Note" = broken promise.

Fri, 06/27/2014 - 10:37 | 4902153 Anasteus
Anasteus's picture

"Reserve currencies come and go. So will the dollar.""

...and I hope, so will the NWO insanity together with it.

Fri, 06/27/2014 - 10:42 | 4902166 Spastica Rex
Spastica Rex's picture

I'm waiting for the Fed to make an official announcement on the end of the Dollar before I get worried.

Fri, 06/27/2014 - 10:47 | 4902203 IridiumRebel
IridiumRebel's picture

Front running the back end I see....I'll do the same!

Fri, 06/27/2014 - 10:42 | 4902168 yogibear
yogibear's picture

Burn baby burn.

Why do you think Ben Bernanke didn't pay for his son's $400,000 plus medical school education?

Ben Bernanke knows the Federal Reserve's plan is quietly trash the US dollar and make any huge debts minimal.

No surprise when the US sees hyperinflation.

 

Fri, 06/27/2014 - 10:44 | 4902177 Kaiser Sousa
Kaiser Sousa's picture

just curious to know if any of you guys have noticed...

why is it every fucking day that the equity markets rocket up as soon as the last hour of trade commences in London?????

fucking fraud.

Fri, 06/27/2014 - 10:45 | 4902184 Duc888
Duc888's picture

 

 

 

MSM,  what a total joke. 

 

It's not like EVERYONE here in ZH didn't see the writing on the wall at least two years ago.

 

A big fat fucking "no shit" to MSM.

 

 

Fri, 06/27/2014 - 10:56 | 4902249 JRobby
JRobby's picture

But Gospel to the masses. Let's see what happens next............

Fri, 06/27/2014 - 10:52 | 4902224 Calculus99
Calculus99's picture

How I'd like to invite George Orwell for dinner, what a thinker and soothsayer.

Fri, 06/27/2014 - 10:52 | 4902226 JRobby
JRobby's picture

Don't sugar coat it. Let them hear the truth.................

Fri, 06/27/2014 - 10:53 | 4902234 Azannoth
Azannoth's picture

"The issue is that BNP violated a 2012 -executive order- from Barack Obama (#13622) that requires non-US companies to enforce US sanctions."

It is really amazing that BNP did not motion to have this thrown out of court due to prosecutions lack of legal standing! Are they simply going to gift the USG 10 Billion?!

Remember 1 thing if you're going to accept a game on somebody elses rules are always going to loose! Beat them with their own devices or don't play!

Fri, 06/27/2014 - 10:54 | 4902236 JRobby
JRobby's picture

"Soon Spain’s silver pieces of eight became the dominant reserve standard to the point they were still legal tender in the United States until 1857."

 

Long treasure hunters

Fri, 06/27/2014 - 10:54 | 4902237 Duffy Duck
Duffy Duck's picture

oh, I think the largest banks and banking families will be just fine...

www.jewishfaces.com/china.html

and then there's this:

For decades, Israel has enjoyed the unlimited access to the most advanced U.S. military technology and weapons (often in the form of military aid, which means that Israel often did not pay for them), but Israel has passed U.S. military technology to China.

For instance, only a few months ago, a U.S. investigation discovered that "secret U.S. missile and electro-optics technology was transferred to China...by Israel, prompting anger from the U.S.," and the U.S. investigation "concluded that technology, including a miniature refrigeration system manufactured by Ricor and used for missiles and in electro-optic equipment, was sent to China, according to the Israeli newspaper Maariv. Another Israeli news site, Aretz Sheva, reports the U.S. is concerned the technology could ultimately find its way to Iran, which last year sought to buy military equipment from China for its nuclear program," as reported by Bryant Jordan on December 24, 2013.

But this is not an isolated case, as "Israel has a long record of getting U.S. military technology to China. In the early 1990s then-CIA Director James Woolsey told a Senate Government Affairs Committee that Israel had been selling U.S. secrets to China for about a decade. More than 12 years ago the U.S. demanded Israel cancel a contract to supply China with Python III missiles, which included technology developed by the U.S. for its Sidewinder missiles, the Associated Press reported in 2002," as Jordan wrote.

In addition, it is widely known that the U.S. was also angered when "Israel violated agreements by exporting restricted US technology it buys with yearly US subsidies. This was the case with the largely US-funded Lavi fighter-plane program. Israel...passed on technology to Beijing. China's F-10 fighter jet is believed to be almost identical to the Lavi" -- and the reason is that "Israel's military industry is dependent on exports for its survival. And arms sales to China are among its most lucrative businesses," in a report by The Insider.

And now the International Comparison Programme in the World Bank had recently announced in 2014 that China is to surpass the U.S. as the world's largest economy by the end of this year (2014), as measured in terms of "the total GDP of the country as reflected in purchasing power parity" (PPP), and "both The Financial Times and The Economist" reported that "China would surpass the United States who has held the spot since 1890, the title being held by China before that," as Armand Holmes wrote on April 30, 2014.

With this strategic shift of the global balance of power in mind, Israel is already steadily changing its foreign policy direction by pivoting to Asia, especially in its relation to China (and to a lesser extent, India), in preparation for the steady decline of America on the world stage.

Already, in April, 2014, "Israeli President Shimon Peres arrived in Beijing...for a three-day state visit to China. Peres' trip was the first visit to China by an Israeli president since 2003, although Prime Minister Benjamin Netanyahu took a trip to China in May 2013. Netanyahu's visit itself was noteworthy, as it was the first such trip by an Israeli Prime Minister since 2007," as reported by Shannon Tiezzi for The Diplomat on April 09, 2014.

In fact, Israel's Economic Ministry chief scientist, Avi Hasson, confirmed last year that "[China] was second last year after the United States in terms of joint projects between Israel and foreign firms," in a report by Forbes on May 26, 2014. The "$300 million research project focused on nanotechnologies" between Tel Aviv University and Beijing's Tsinghua University in 2014 is a good example of this increasing trend, as reported by Ariel David for the Register-Guard on May 19, 2014. And "China...has surpassed Europe as the second leading source of high-tech capital [in Israel]. There are also growing calls in Israel to restart the arms trade with China, although currently U.S. pressure has prevented this from happening," as Shannon Tiezzi wrote.

Most importantly, "in an interview with Chinese press, Peres made clear Israel's admiration for China's ability to raise millions out of poverty without relying on foreign aid. Peres said that 'China can do a great service to the Middle East' by showing the region how to 'save itself, with its own hand, their own countries, not by dollars and not by Rubles, but [by] really mobilizing the people to come together.' This sentiment hints at one possible motivating factor in Israel's courting of China: a desire to balance against over-reliance on American aid and support," as Shannon Tiezzi wrote.

In the long haul, Israel aims to establish a sort of "Jewish lobby" in China, so as to maintain some influence on the next superpower -- just as it had done the same vis-a-vis America in the past few decades. To what extent this will be successful remains to be seen in future history, but the Chinese, if they are wise enough, have a lesson to learn from history, in that, if Israel has betrayed America (its main benefactor), it can likewise betray China in the future, when the situation arrives.

- http://english.pravda.ru/opinion/columnists/24-06-2014/127887-israel_bet...

Fri, 06/27/2014 - 10:55 | 4902245 JRobby
JRobby's picture

They fucked up. They trusted them.

Fri, 06/27/2014 - 12:13 | 4902545 Azannoth
Azannoth's picture

"Never trust a J**" - should be the 1st Commandment of any Businessman, Politician heck Anybody!

Fri, 06/27/2014 - 11:28 | 4902374 goldhedge
goldhedge's picture

Maybe Israel are hedging their friends list ;)

 

Fri, 06/27/2014 - 12:11 | 4902538 Azannoth
Azannoth's picture

They are simply shifting their "allegiance" to their new Protector, I wonder if China will fall for it or just say "Thanks Suckers!"

Fri, 06/27/2014 - 10:54 | 4902239 TeaParterade
TeaParterade's picture

yess... yes!!! zero hedge YES. we MUST get off the US  as the reserve currency to take away POWER from the EVIL us government and give it to the FREE, and LIBERATING CHINESE government. FAR too long have we been ENSLAVED by the US reigeme and CRUSEHD in its iron grip.

We must RUN to the embrace of state owned enterprises, and RUN into the warm, comforting embrace of an opaque legal and political system where the individual has absolutely no rights  whatsoever. FOR PATRIOTISM AND FOR FREEDOM. Destroy FACTA! Destroy regulation! BURN IT ALL DOWN !

the arrogance! the ARROGANCE! of the us government by making banks play by the rules. HOW DARE THEY. we must follow the Chinese way of doing things which involves, if you don't like the number? change it! accounting standards? don't worry, just lie!

zero hedge forgets that for all its misgivings, the US political system allows for websites like zero hedge to flourish and a culture that actually encourages disagreement with the government. Having lived in China myself i can guarantee the author that glorifying the demise of the dollar to appease its radical bearish audience will seem silly if Chinese influence begins to worm its way out of the middle kingdom and into trade settlement and counterparty transactions.  If you think the US being the referee is bad and having rules are bad wait until you meet the mafia that is the chinese communist party.

in the meantime though LET IT BURN BABY BURN!!!!

tea party stalwart - out

Fri, 06/27/2014 - 10:55 | 4902240 TeaParterade
TeaParterade's picture

yess... yes!!! zero hedge YES. we MUST get off the US  as the reserve currency to take away POWER from the EVIL us government and give it to the FREE, and LIBERATING CHINESE government. FAR too long have we been ENSLAVED by the US reigeme and CRUSEHD in its iron grip.

We must RUN to the embrace of state owned enterprises, and RUN into the warm, comforting embrace of an opaque legal and political system where the individual has absolutely no rights  whatsoever. FOR PATRIOTISM AND FOR FREEDOM. Destroy FACTA! Destroy regulation! BURN IT ALL DOWN !

the arrogance! the ARROGANCE! of the us government by making banks play by the rules. HOW DARE THEY. we must follow the Chinese way of doing things which involves, if you don't like the number? change it! accounting standards? don't worry, just lie!

zero hedge forgets that for all its misgivings, the US political system allows for websites like zero hedge to flourish and a culture that actually encourages disagreement with the government. Having lived in China myself i can guarantee the author that glorifying the demise of the dollar to appease its radical bearish audience will seem silly if Chinese influence begins to worm its way out of the middle kingdom and into trade settlement and counterparty transactions.  If you think the US being the referee is bad and having rules are bad wait until you meet the mafia that is the chinese communist party.

in the meantime though LET IT BURN BABY BURN!!!!

tea party stalwart - out

Fri, 06/27/2014 - 10:55 | 4902243 TeaParterade
TeaParterade's picture

yess... yes!!! zero hedge YES. we MUST get off the US  as the reserve currency to take away POWER from the EVIL us government and give it to the FREE, and LIBERATING CHINESE government. FAR too long have we been ENSLAVED by the US reigeme and CRUSEHD in its iron grip.

We must RUN to the embrace of state owned enterprises, and RUN into the warm, comforting embrace of an opaque legal and political system where the individual has absolutely no rights  whatsoever. FOR PATRIOTISM AND FOR FREEDOM. Destroy FACTA! Destroy regulation! BURN IT ALL DOWN !

the arrogance! the ARROGANCE! of the us government by making banks play by the rules. HOW DARE THEY. we must follow the Chinese way of doing things which involves, if you don't like the number? change it! accounting standards? don't worry, just lie!

zero hedge forgets that for all its misgivings, the US political system allows for websites like zero hedge to flourish and a culture that actually encourages disagreement with the government. Having lived in China myself i can guarantee the author that glorifying the demise of the dollar to appease its radical bearish audience will seem silly if Chinese influence begins to worm its way out of the middle kingdom and into trade settlement and counterparty transactions.  If you think the US being the referee is bad and having rules are bad wait until you meet the mafia that is the chinese communist party.

in the meantime though LET IT BURN BABY BURN!!!!

tea party stalwart - out

Fri, 06/27/2014 - 11:29 | 4902375 IridiumRebel
IridiumRebel's picture

Mr Shithead....can I call you Shithead? I'll call you Shithead. The US is doing this on purpose. They need America on par with the rest of the world. It is not about us mimicking the Chinese, it's about a select few working this global change to their advantage. You truly don't understand the game. No one here is rooting for a dollar death. We are watching a slow motion fleecing. Some have grown so angry with the financially evil chicanery that they almost hope for this. Those folks are somewhat misguided, but the fact remains that the dollar is being killed on purpose. Hope this helps. You're a shithead if you blame a website and posters for this as if we here make it happen. We just understand it for what it's worth.

Fri, 06/27/2014 - 11:31 | 4902387 Meat Hammer
Meat Hammer's picture

Well, that was 30 seconds of my life that I'll never get back.

Fri, 06/27/2014 - 11:32 | 4902390 Chuck Knoblauch
Chuck Knoblauch's picture

You talk like it's a choice you'll have time to indulge.

hehehe

Fri, 06/27/2014 - 12:47 | 4902658 bluskyes
bluskyes's picture

Spoken as a true slave, both in body and mind.

Fri, 06/27/2014 - 10:58 | 4902256 Ancona
Ancona's picture

I need a glass of tiger blood.

Fri, 06/27/2014 - 11:33 | 4902391 Fix It Again Timmy
Fix It Again Timmy's picture

I admire the way the Chinese handle fraudulent bankers and financiers....

Fri, 06/27/2014 - 11:49 | 4902449 WMM II
WMM II's picture

"Mainstream Media Admits "The US Dollar's Domination Is Coming To An End"

 

 

with fx markets 'determining' the relative value of every currencies nano second by nano second, the idea of 'reserve' currency is obsolete, just as the traditional idea of 'banking' became meaningless with the rise of the shadows.

 

:)

Fri, 06/27/2014 - 11:54 | 4902480 cornflakesdisease
cornflakesdisease's picture

Yes, the Chinese currency accounts for an astonding 3.5% of world trade and has only collapsed 4 times in the last 100 years!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

Where can I get mine?

 

 

Fri, 06/27/2014 - 14:16 | 4903078 Peak Finance
Peak Finance's picture

Ummm, we are on the third iteration of the dollar in 100 years (pre bretton, bretton, then post-bretton pure fiat) and the only reason our dollar is still used is cause we have big guns and are not afraid to use them???

Fri, 06/27/2014 - 12:19 | 4902563 messymerry
messymerry's picture

King POTUS.  That's effing awesome, thank you thank you thank you...

His lord and majesty, master of the universe, King POTUS

HaHa,

;-D

Fri, 06/27/2014 - 12:41 | 4902642 Oldrepublic
Oldrepublic's picture

Some people here on ZH probably saw this two or three years ago

Max Keiser and James Turk

On Fiat money inflation in France: part one deals with an earlier inflation in the 1720s , part two, the most interesting of the two videos deals with the paper money, the assignats and the hyperinflation in the 1790s.

Fiat money inflation in France - Part 1: John Law - YouTube

https://www.youtube.com/watch?v=7zvNV-vkEzc

Fiat money inflation in France - Part 2: Assignats - YouTube

https://www.youtube.com/watch?v=U4aRuiO1OuQ

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