This page has been archived and commenting is disabled.
Mainstream Media Admits "The US Dollar's Domination Is Coming To An End"
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.
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.
- 30210 reads
- Printer-friendly version
- Send to friend
- advertisements -


I hope the system crashes before GATCA comes. It may come anyway.
Ted Nugget is doing some dominating on Clive's Bunghole tonight ladies!
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.
...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.
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.
"Think of it men, hoof and mouth disease a thing of the past!
..........
Damn miracle anti-biotics
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.
I'm not a Christian and I fully expect an economic collapse.
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?
I don't think "True Belivers" buy much gold, it's "God" they trust remember? not Gold
God, Gold, Guns, Grub, and Girls! (not in that particular order) or is it Bible, Bullion, Bullets, Beans, and Babes?
Prayer, Pms, Power, Preperation and Pussy....and then more Pussy.
Sprituality, Silver, Shooting, Sustenane and Skanks....hey this s fun!
I am going to add this exercise to my home schooling curriculum.
I'm sure your daughters
will be pleased
to learn their place.
Real True Believers? Not Gold, nor Silver. More like 401-K. And...
KillingAbortionists, K9 Knots, Kerosene, Kissing Kin, Ku, Klux, and Klan...
There is a sale on Toughshed's this weekend
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.
Guns, Grub and Gold
www.gunsgrubandgold.com
You keep fiddling - I'll keep prepping. We'll see who's wager pays bigger dividends.
These Top Gear guys are indeed megalomane. They are just living tragedies. Cynical, arrogant, incompetent. But popular with the blind masses.
They still haven't banned this fucking troll?
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. . .
Fuck off troll.
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.
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.
buy the fucking dip
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.
+100
Most definitely.
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.
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!
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!
Winning!, Er, wait, no, LOSING!
FORWARD, Comrades! Way to go, guys. You have successfully killed the Golden Goose.
It's ok, Belgium will soak up all the excess reserves.
Not after a U.S. victory in the World Cup!
"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
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.
You make friends like Obama wins the respect of other world leaders.
Just curious.... in your mind, are you winning?
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.
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
Wow...you actually admit that you are pro-Obama...incredible! White guilt much?
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!
I wanted to point out that Top Gear is a moron, but I see everybody beat me to it.
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.
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))
You've obviously never actually read anything Ron Paul or Mises have wrote.
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,
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. . .))
Lemme guess....Adderall with a Red Bull chaser?
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)...
"I'm pro-Obama."
Correction comrade, you mean Socialist logic, as in the former Soviet Union.
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
His role in life at ZH is to provide the use case for a new functionality called "IGNORE Poster"
*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.
Fighting you is like having an argument with a woman, but it never makes sense and goes no where.
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.
too late.
hey, can u make urself available on chat?
I miss Fonestar.
Let's not be hasty.
...ok....
BITCOIN!!!!!!
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
Haven't seen MDB lately either.
I think MDB got sick of all the copycats diluting his brand and he's reappeared as Top Gun.
Ummm... if you haven't noticed, his name is now gh0atrider.
...it is not the same. Kinda like Prince when he changed his name to a symbol.
I guess I should've known by the way you parked your car sideways that it wouldn't last.
Little Red Corvette! Yeah, I knew you were not a moron. Now, go get em champ!
Leo and his chinese solars was my favourite troll, and who can forget Jonny Bravo..
Meth Man was fun for a bit too.
Wow both a long and stupid comment. Top notch top gear.
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.
Makes a tick on your taint seem downright lovable.
pods
<-- AnAnonymous
<-- Top Gear
Most annoying troll?
You are such a troll that the fact I am even typing such an obvious comment makes me wince.
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.
Well I'm not dumb but I can't understand,
Why she walked like a woman and talked like a man.
carefull there
or you'll conjure up Harbanger. . .
It never ceases to amaze me the depths of which IQ's can go. Top Gear comes in at a solid 29.
Is 63 down votes a record?
66 now and still plunging. He's about as popular as CONgress or obama at this point.
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.
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.
@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
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.
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.
He's not here to educate, he's here to obfusgate.
What a conspiracy this,
between church and state!
Sing Tantarara, rogues all, rogues all!
Sing Tantarara, rogues all!
-- Thomas Jefferson
Oh, I must add that I really love it when STATES RIGHTS! and STATIST! comes out of the same pie hole in one breath.
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?
@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
y'all sure do love yer votes,
and your beliefs in "majority rules" by virtue
of pixel ticks in a box'd
mind.
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.
Er, what is the 1st amendment, Alex?
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.
You obviously know dick about Jefferson, he was a Diest.
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.
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!!!'
I never thought about it that way before.
Sort of like back asswords but I get it.
Growth = |-Growth| = Growth
Well at least the math works!
Growth as in goitre.
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.
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.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.
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.
Good for you, buddy. Let us hope this bitch can break 22 before your box arrives.
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.
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.
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...
Amen Brother !
I fear the government. That's one of the reasons I stack.
Stack Boat Lose Repeat
speaking of lamestream media...
on the front page...
http://www.marketwatch.com/story/why-silver-is-outperforming-gold-and-is...
Kaiser babe, I'd say most here mimic your stacktional healing. Go say this on Yahoo and see what those sentient folks say.
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.
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.
As long as it is another central bank controlled currency things will still suck.
Just suck moreso in the USA.
pods
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...
"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.
"Reserve currencies come and go. So will the dollar.""
...and I hope, so will the NWO insanity together with it.
I'm waiting for the Fed to make an official announcement on the end of the Dollar before I get worried.
Front running the back end I see....I'll do the same!
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.
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.
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.
But Gospel to the masses. Let's see what happens next............
How I'd like to invite George Orwell for dinner, what a thinker and soothsayer.
Don't sugar coat it. Let them hear the truth.................
"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!
"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
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...
They fucked up. They trusted them.
"Never trust a J**" - should be the 1st Commandment of any Businessman, Politician heck Anybody!
Maybe Israel are hedging their friends list ;)
They are simply shifting their "allegiance" to their new Protector, I wonder if China will fall for it or just say "Thanks Suckers!"
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
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
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
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.
Well, that was 30 seconds of my life that I'll never get back.
You talk like it's a choice you'll have time to indulge.
hehehe
Spoken as a true slave, both in body and mind.
I need a glass of tiger blood.
I admire the way the Chinese handle fraudulent bankers and financiers....
"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.
:)
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?
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???
King POTUS. That's effing awesome, thank you thank you thank you...
His lord and majesty, master of the universe, King POTUS
HaHa,
;-D
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 - YouTubehttps://www.youtube.com/watch?v=U4aRuiO1OuQ