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France Assures Push Against Petrodollar Is Not A "Fight Against Dollar Imperialism"

Tyler Durden's picture


To complete the French triple whammy offensive against the US Dollar this weekend (first, French central banker Noyer suggesting de-dollarisation; second, French oil major Total's CEO "seeing no reason for the Petrodollar"), French finance minister Michel Sapin says "now is the right time to bolster the use of the euro" adding, more ominously for the dollar, "we sell ourselves aircraft in dollars. Is that really necessary? I don’t think so." Careful to avoid upsetting his 'allies' across the pond, Sapin followed up with the slam-dunk diplomacy, "This is not a fight against dollar imperialism," except, of course - that's exactly what it is... just as it was over 40 years ago when the French challenged Nixon.

Nope - no anti-dollar-imperiliasm here at all...

Single whammy:


Here is the full google translated segment:

Q. Doesn't the role of the dollar as an international currency create systemic risk?


Noyer: Beyond [the BNP] case, increased legal risks from the application of U.S. rules to all dollar transactions around the world will encourage a diversification from the dollar. BNP Paribas was the occasion for many observers to remember that there has been a number of sanctions and that there would certainly be others in the future. A movement to diversify the currencies used in international trade is inevitable. Trade between Europe and China does not need to use the dollar and may be read and fully paid in euros or renminbi. Walking towards a multipolar world is the natural monetary policy, since there are several major economic and monetary powerful ensembles. China has decided to develop the renminbi as a settlement currency. The Bank of France was behind the popular ECB-PBOC swap and we have just concluded a memorandum on the creation of a system of offshore renminbi clearing in Paris. We have very strong cooperation with the PBOC in this field. But these changes take time. We must not forget that it took decades after the United States became the world's largest economy for the dollar to replace the British pound as the first international currency. But the phenomenon of U.S. rules expanding to all USD-denominated transactions around the world can have an accelerating effect.

In other words, the head of the French central bank, and ECB member, Christian Noyer, just issued a direct threat to the world's reserve currency (for now), the US Dollar.


Double whammy:

  • Total’s de Margerie Sees No Need for Dollars in Oil Purchases

Oil major Total's chief executive Christophe de Margerie was responding to questions about calls by French policymakers to find ways at EU level to bolster the use of the euro in international business following a record U.S. fine for BNP.

"There is no reason to pay for oil in dollars," he said. He said the fact that oil prices are quoted in dollars per barrel did not mean that payments actually had to be made in that currency.

So even a major beneficiary of the status quo appears to see the end in sight for the Petrodollar.

And now The Triple Whammy


French Finance Minister Michel Sapin says that now is the right time to bolster the use of the euro in transactions outside the U.S. Sapin speaks in an interview with Bloomberg News in Aix-en-Provence, France.

“We sell ourselves aircraft in dollars. Is that really necessary? I don’t think so,” Sapin says, adding "I think a rebalancing is possible and necessary, not just regarding the euro but also for the big currencies of the emerging countries, which account for more and more of global trade."


“We can avoid the exchange rate risk, and that’s always useful. We can diminish financing costs in pricing more in other currencies,” Sapin says.


“This is not a fight against dollar imperialism,” Sapin says.


“It’s up to Europe, to the euro zone in particular, to lead this argument,” Sapin says.


As The FT reports, Mr Sapin said he would raise the need for a weightier alternative to the dollar with fellow eurozone finance ministers when they meet in Brussels on Monday, although he declined to go into detail about what practical steps might emerge.

As we showed only yesterday...(and have ever since 2010)... nothing lasts forever

Meanwhile, somewhere Putin is still laughing.


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Sun, 07/06/2014 - 15:49 | 4929520 rehypothecator
rehypothecator's picture

When the issue is important, you have to lie. 

Sun, 07/06/2014 - 15:51 | 4929521 So Close
So Close's picture

The French have a long history of saying exactly what they mean.

Sun, 07/06/2014 - 15:55 | 4929530 Hugh G Rection
Hugh G Rection's picture

Might have to send France some democracy.

Sun, 07/06/2014 - 16:01 | 4929539 I MISS KUDLOW
I MISS KUDLOW's picture

screw france

Sun, 07/06/2014 - 16:03 | 4929544 Hugh G Rection
Hugh G Rection's picture

How can you tell a Frenchman is in the military?

He has sunburned armpits.

Sun, 07/06/2014 - 16:29 | 4929593 BaBaBouy
BaBaBouy's picture

Ole Tricky Ricky Dick Pulls Out The GOLD Standard Guarantee From Under Us...

ALL Keynesians Bow To You... Thanks Big Dicky...

Sun, 07/06/2014 - 22:08 | 4930461 Tabarnaque
Tabarnaque's picture

Just like in 1965 when De Gaulle asked to be paid in gold, not in paper US dollar. From time to time France does bring some very positive contribution to the world history. Vive la France for this one!

De Gaule, l'Or et le Dollar.
Mon, 07/07/2014 - 04:03 | 4930928 Lea
Lea's picture

French President De Gaulle, back in the sixties, called the dollar "funny money" and said he didn't want any of it.

Wasn't he right.


Sun, 07/06/2014 - 16:33 | 4929613 brunoaa
brunoaa's picture


Sun, 07/06/2014 - 16:45 | 4929643 Hugh G Rection
Hugh G Rection's picture

How was copper wire invented?

2 Khazars found the same penny.

Sun, 07/06/2014 - 17:10 | 4929713 bbq on whitehou...
bbq on whitehouse lawn's picture

The joke works with any nationality.
So do these:
How was a pretzel invented, and Irish man tried to write his name in dough;
if he was polish he would still be at it.
How was the light bulb invented a ____ swallow gum, soda and poprocks; the florecent light was invented shortly after.

Sun, 07/06/2014 - 16:58 | 4929680 TeamDepends
TeamDepends's picture

"Eeeeediote!"  Would have been funnier.

Sun, 07/06/2014 - 17:20 | 4929737 Bingo Hammer
Bingo Hammer's picture

How can you tell if an American is in the army?

He has no idea why and for whom he's fighting an insane bunch of MF's for a dirt heap in the middle of nowehere

Suffers from acute PTSD

Has been injected with all kinds of chemical experiments called "innoculations"

Is sent to regularly patrol mammoth poppy growing fields for the CIA

Handles depleted uranium rounds nearly everyday

Is thieved of all benefits and health assistance upon returning home

Is one really messed up puppy but still salutes the Fuhrer in the White House

Now works for a private mercenary army blowing up all kinds of shit whilst ensuring heavy casualties...

God Bless today's American soldier 

Sun, 07/06/2014 - 17:26 | 4929745 EINSILVERGUY

How many Frenchman does it take to defen Paris against the Germans?

None, its never been tried

Sun, 07/06/2014 - 18:33 | 4929775 Bdelande
Bdelande's picture



Russian casualties  WW I & II - 15 million


French casualties WW I & II - 2 million


USA casualties  WW I & II - 600K


Moral of the story:  Johnny come latelies to both conflicts..........Glorified Gringos finally showed up after the outcome of both wars was largely predetermined.  

Sun, 07/06/2014 - 18:42 | 4929958 Money Squid
Money Squid's picture


"Johnny come latelies to both conflicts..........Glorified Gringos finally showed up after the outcome of both wars was largely predetermined."

Do you think it was an accident the gringos "finally" showed up? After sitting out letting the french, english and russians take a beating, giving just enough supplies, equipment and intelligence to let the germans, english, french and russians grind themselves down so the US would be the only major military power after the war? The US industrialists played it just right so that the US would come out on top after the war. The A-bomb was just a cherry on top.

Sun, 07/06/2014 - 19:17 | 4929994 Bdelande
Bdelande's picture

No, I think you have it dead right.  Having said that, you should probbaly consider losing the "glorious saviors of the free world" USA! USA! USA! pompom routine, it's rather unseemly, don't you think?

Sun, 07/06/2014 - 20:14 | 4930174 The Merovingian
The Merovingian's picture

Q: Why does the US President always have to stay near a phone on the 4th of July?  


A:  Because after the big fireworks show over the U.S. Capitol the French always call to surrender.


Now, before you get all bent out of shape, just remember that we love your fries.  :-)

Sun, 07/06/2014 - 20:23 | 4930194 Bdelande
Bdelande's picture

I doubt we would be too alarmed by any fireworks display over Washington, seeing as we designed your capital city......:-)

Mon, 07/07/2014 - 00:28 | 4930772 The Merovingian
Mon, 07/07/2014 - 04:12 | 4930940 Lea
Lea's picture

The Merovingian, let me do this one again.

Q: Why does the US President always have to stay near a phone on the 4th of July? 
A:  Because he thinks the big fireworks over the US. Capitol might be an interior security terrorist threat.

Mon, 07/07/2014 - 06:55 | 4931057 All Risk No Reward
All Risk No Reward's picture

Get real...  if it was a security threat the FBI would have apprised him of their low IQ moron that they provocateured into action...  like the guys who were convinced to try to blow up the World Trade Center with a truck bomb on behalf of the FBI in 1993...


Tapes Depict Proposal to Thwart Bomb Used in Trade Center Blast There is a lot on this subject - research it yourself...  you can hear the actual tape of the provocateur complaining to hs FBI contact that they, the FBI, was crazy for providing the bomb materials to those being provoked by the FBI...  the provocateur said that fake bombing materials would suffice to get the arrests. Once he realized the FBI was providing real bomb materials, the informant realized he was being set up by the FBI because they really wanted to bomb the towers...  he got an attorney, started recording telephone calls and removed himself from the situation lest he be framed alongside the low IQ morons who were provoked to actually drive the FBI bomb to the World Trade Center. If you didn't know, now you know - and there is a reason why the major media sued to enshrine their right to lie to you under the guise of "news." Unsettling Accounts (Indeed!)
Sun, 07/06/2014 - 23:11 | 4930630 Money Squid
Money Squid's picture

Let the gringos bask in the light a little longer, a long cold winter is coming.

Sun, 07/06/2014 - 17:43 | 4929791 Bdelande
Bdelande's picture

The Battle of Verdun was the longest of the war, lasting from February 21, 1916 until December 18 of the same year. The battle started after a plan by German General Erich von Falkenhayn to capture Verdun was executed, but after a few weeks, the battle had become a series of local actions. For the French, the battle signified the strength and fortitude of the French Armed Forces. Many military historians consider Verdun the "most demanding" and the "greatest" battle in history. 



It was Rochambeau who joined with Washington to press the campaign of 1781 against Cornwallis' forces at Yorktown, with the assurance that the French Navy would be on station to support the armies. While Rochambeau's fellow countryman, the able Admiral de Grasse, defeated the British fleet off the Virginia Capes, 10,000 French and American troops marched toward the final battle at Yorktown. When Cornwallis and his beleaguered army capitulated, General Rochambeau insisted that the surrender be made to the American forces. Nevertheless, without Rochambeau and his troops and the French Navy, the last great victory in the American struggle for independence, Yorktown, would not have been possible.

Sun, 07/06/2014 - 19:08 | 4930022 BigJim
BigJim's picture

What???? You question the myth of American revolutionary invincibility? Shame on you!

Mon, 07/07/2014 - 18:38 | 4931064 All Risk No Reward
All Risk No Reward's picture

Bd, I have to apologize for the ignorati.

The common French people were thrown under the bus by the Vichy French...  they cut a deal in order to retain power for the ruling elites in France.

The average person on Earth has no idea that the common American has been sold down the river IN THE EXACT SAME FASHION...  but throw Debt Money Subterfuge.


uzBANKSTERstan runs America like the Germans ran the French government...  except worse.  The French probably had more autonomy as the Germans were spread pretty thin.

All common people are screwed as long as our mind share is pitted against each other...  the mind control of the criminal oligarchs is very, very good.  Or, if you will, their scientificly engineered perception management programs designed to pit your own tribalism in ways inimical to your ongoing future.

Keep your eye on the Big Bad...  hint, the Big Bad is BIG!

Debt Money Tyranny

Sun, 07/06/2014 - 17:09 | 4929707 Stoploss
Stoploss's picture

===========================FUCK FRANCE===============================


We should send their people back to them since the dollar seems to be becoming a racist currency no? After all, the Euro is the currency of choice since we are bailing them out along with everyone else.  Bad, bad, dolla...

Sun, 07/06/2014 - 17:41 | 4929788 Bdelande
Bdelande's picture

Where is the memorial in Washington for the thousands of sailors in the French Navy who died for US Independence at the battle of the Chesapeake, and for the thousands of French infantry soldiers led by Comte de Rochambeau - more than half of the fighting troops at the decisive battle of Yorktown?

Sun, 07/06/2014 - 19:42 | 4930092 COSMOS
COSMOS's picture

The French may just yet help get our independence back again by burying the dollar.  There wont be money anymore for all those NSA servers and offshore military bases, and we will have to clean house or the redcoats working for the House of Rothschild.  We are always fighting some kind of monarchial system in our history.

Mon, 07/07/2014 - 07:12 | 4931072 All Risk No Reward
All Risk No Reward's picture

I respect all the good people of France... the rest can pound sand...  The good people of France rock.  The bad folks are a problem.

BTW, this is true OF EVERY COUNTRY.

Those people who can't control their tribalism / emotions / insecurity ARE A MAJOR PART OF THE PROBLEM!

The Money Power is the Big Bad...  they are Predators of both the French and Americans...  and everyone else outside their Big Club that we ain't in, as George Carlin said in his typical style.

Martin Luther King was right - it is all about THE CONTENT OF CHARACTER OF THE INDIVIDUAL.  Respect it or bask in ignorance that is being used to hurt you and yours badly.

Mon, 07/07/2014 - 07:15 | 4931077 All Risk No Reward
All Risk No Reward's picture

Oh, unlike the average American (or anyone on this Debt Money Power forsaken planet), at least napolean knew who the h*ll he was up against...

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

Not that Napolean was anything other than a megalomaniac tyrant and oppressor of the common person, but at least he had the brains to figure out WHO WAS RUNNING BRITAIN!

Sun, 07/06/2014 - 22:34 | 4930534 Frankie Carbone
Frankie Carbone's picture

You are a douche. 

Sun, 07/06/2014 - 23:20 | 4930647 nathan1234
nathan1234's picture

So where are you from Stoploss- Greece maybe !

Wanna go back there

After all America belongs to the Red Indians


Sun, 07/06/2014 - 17:34 | 4929765 Bdelande
Bdelande's picture

You may want to rethink that Gringo, without the frogs you wouldn't be celebrating your independence this weekend.


Read some history, please, and forget the propaganda.


80% of the Whermacht was defeated by the Russians, not by the Western allies.  Hitler lost the war in 1941 in Russia.  The US/UK invasion of Normandy was only trivially related to defeating the Wehrmacht, but was required to prevent the Red Army reaching Normandy first.

I don't mean to diminish the US effort, but the only Americans to be honored, is the average Joe who went to fight that particular war overseas, certainly not the "elites".   Having sold arms and munitions to both sides, the US only showed up to pick over the corpse of Europe for its own ends.


Guess who helped Hitler get into power?

If you answer "the American corporations and Wall Street", you win.

Sun, 07/06/2014 - 19:24 | 4930057 BigJim
BigJim's picture

 I don't mean to diminish the US effort, but the only Americans to be honored, is the average Joe who went to fight that particular war overseas...

Oh no! Even now, half a century later, the average American couch-potato is JUST as entitled to lord it over the French. It's manifest destiny... ahhh... or something.

Anyway, we're the freest country in the world! So there.

Sun, 07/06/2014 - 21:08 | 4930298 BudFox2012
BudFox2012's picture

Correction.  The Germans defeated themselves.  They thought of nearly everything EXCEPT developing a long range heavy bomber and to be prepared for a winter campaign.  Had they done that, Russian industry on the other side of the Urals would have been decimated and the misery of the eastern front would have been lessened.  They also would have made quick work of England as well.  To be honest, the world hadn't seen an armed force so technologically and tactically superior since the Romans.  I think historian still wonder at how they lost that war.

But your point on the US is well taken.  The balance of the land war was fought on the eastern front, and essentially was decided at places like Stalingrad.  The US spent most of its resources building ships just to get over there and planes to launch an air campaign with.

Sun, 07/06/2014 - 23:21 | 4930645 Money Squid
Money Squid's picture

" EXCEPT developing a long range heavy bomber and to be prepared for a winter campaign... They also would have made quick work of England as well.

Not sure Bud, as I understand it England had the first, but crude, integrated air defence network. The Germies saw the radio towers and bombed some, but did not fully comprehend their purpose. Also, consider Hitler did not put Germnay's economy on a full-time war footing until the battle for England's skies was lost, and he lost most of his military in Russia. In addition, the English broke the German code and once Hitler invaded Russia it was just a matter of time. Besides, if Germany stayed in the war a bit longer who would have received the gift of the first atomic bomb? Germany or Japan? The US had enough material for only three (two plutonium and one uranium). After that, the US was out of material for months. But, The US invested in the development of a massive nuclear weapons material production industry and was racing to crank out enough material for dozens of nuclear weapons. The end for the Germans and Japanese was coming one way or another.

Mon, 07/07/2014 - 03:48 | 4930920 hoos bin pharteen
hoos bin pharteen's picture

And the Soviet Union was given material and lots of oil to fuel the war effort by... the USA. Russia bled the most, but without the US, the outcome would have been a lot uglier.

Sun, 07/06/2014 - 23:17 | 4930641 nathan1234
nathan1234's picture

First think of screwing those running and ruining the US

But i guess you are all gas


Sun, 07/06/2014 - 16:08 | 4929555 ross81
ross81's picture

yes, we'll smoke em out of their cafes and liberate em from that dangerously laissez faire attitude towards prostitution.

Sun, 07/06/2014 - 16:14 | 4929573 Winston Churchill
Winston Churchill's picture

La Force da Frappe may stop the dropping of freedom bombs on France.

Anyways,they are white(mostly),and have no oil.Their ICBM's may not surrender.

Sun, 07/06/2014 - 17:15 | 4929732 Antifaschistische
Antifaschistische's picture

The aircraft analogy strikes at the heart of this matter.   It really isn't the's the fact that the US no longer makes much that the world wants.   Which leaves dollar holders asking "what am I suppose to do with this dollar thing?"

It wasn't this way when most of the tractors plowing the fields of Africa came from the US, or when the US exported rugs all over the world, (thousands of more examples)....but now, there are no more options for the dollar collectors.  The only thing left to do with the dollar is to buy oil/gas.  Which is a darn big incentive to have a few laying around, but Russia, China, Iran, etc...will continue to chip away at that strength.

Then...the US will change dramatically.   

Sun, 07/06/2014 - 17:43 | 4929790 SWRichmond
SWRichmond's picture

Perhaps those useless dollars will come rushing home...

Sun, 07/06/2014 - 23:06 | 4930614 Antifaschistische
Antifaschistische's picture

the big flush....God help us all then

Sun, 07/06/2014 - 19:24 | 4930056 RebeccaRiots
RebeccaRiots's picture


Vive la France.

BTW Send my regards to Victoria Nuland.



Sun, 07/06/2014 - 17:00 | 4929682 TheReplacement
TheReplacement's picture

Wouldn't it be ironic if they sold us those two carriers for dollars and then we used them to deliver the godo news.

But at least France is good for something.  Besides challenging bogus US positions I have no other use for them.

Sun, 07/06/2014 - 17:29 | 4929750 Bdelande
Bdelande's picture

You may want to rethink that Gringo, if it weren't for the frogs you wouldn't be celebrating your independence this weekend.

Sun, 07/06/2014 - 22:44 | 4930562 TheReplacement
TheReplacement's picture

They only helped us in order to hurt the British.  Heck, we almost went to war with France right after the revolution but they don't teach that in school anymore I think.  Any way, their assistance was pretty much intended the same way this country seems to be trying to help people in countries friendly or near to Russia now.

They weren't in it for humanitarian reasons and neither are we. 

Mon, 07/07/2014 - 05:50 | 4931011 Analyse2
Analyse2's picture

Also the Americans didn't even think of "saving the French" in WW2, they came to Europe because it was better to fight their enemy in Europe than in America ... but they liberated nonetheless. ... And nonetheless most Fench are still grateful for that.

The French do have faults, but they understand symbols:  American representatives are invited every year to the memorial in Normandy for the remembering of D-Day June 6, 1944.

… On the other hand I have never heard that French representatives were formally invited to the celebrations of the Yorktown victory (where half of the fighters were French soldiers led by the Comte de Rochambeau), or at the 4th of July celebrations …

Sun, 07/06/2014 - 20:40 | 4930233 BigJim
BigJim's picture

 But at least France is good for something. Besides challenging bogus US positions I have no other use for them.

What about their food? Wine? Women?

What are you? A gay, teetotal anorexic? What use are you?

Sun, 07/06/2014 - 22:48 | 4930574 TheReplacement
TheReplacement's picture

I don't like French food so much.  You decide if that has any gay factor to it or now.  Do gay people tend to like French food?

French women, meh.  I've not met many but from magazines and whatnot they don't seem special.  Is it true they don't shave or bath much?  Yeah, just asking that question is a turn off.  Do gay people find French women attactive?

Wine gives me a headache.  Give me beer or tequila over wine and I'll be fine.  Do gay people like beer or wine?

What use am I?  I can kill what I eat.  I can build a shelter from the wind and weather.  I can take care of myself.  What other use do I need to be?

Mon, 07/07/2014 - 02:23 | 4930875 I MISS KUDLOW
I MISS KUDLOW's picture

i like french fries and thats about it

Mon, 07/07/2014 - 04:22 | 4930954 Lea
Lea's picture

Plenty of you Americans believe in the strange assumption you can make it on your own, in total solitude. I wonder if it has to do with your dog-eat-dog worldview, where everyone else is an enemy to be shunned. 


Mon, 07/07/2014 - 04:43 | 4930968 Ghordius
Ghordius's picture

cult of individualism reinforced by advertisements and a gilded history of great personal mobility on a whole continent waiting for the heroic lone settler. confirmed by the growth of suburbia, a modern application of the old English "my home is my castle". refuted by the new growth of gated communities

not what Old Worlders ever experienced, except in heroic ages deep in our past. in our case, there was always some organized force looming on the horizon requiring organization at home

I wonder if your "dog-eat-dog worldview..." is correct, though

Mon, 07/07/2014 - 07:09 | 4931014 Lea
Lea's picture

Ghordius, the gated communities confirm the afraid-of-their-own-shadow, paranoid dog-eat-dog American worldview I was referring to. That vision can obviously lead to utter loneliness, backed with a sizeable collection of guns, being considered a proper solution. Gated communities are about barricading yourself against unwashed hordes of paupers, about hate and fear, about rejecting others. I even attended an American wedding where the bride and groom (gated community dwellers) were so scared anything might happen they had rented bodyguards with machine-guns.

How crazy and paranoid is that?


Mon, 07/07/2014 - 07:10 | 4931068 Urban Redneck
Urban Redneck's picture

Y'all need to get out mo' or expand yo' horizons...

As laughably pretentious as the US version of the “gated community” is- there is plenty of evidence the actual model works quite well in places were law and order breaks down with some regularity: Rio, Mexico City, Lima, Johanesburg, Lagos, Luanda, Algiers, Beirut, Islamabad (and just about every other city ending in -abad), Almaty, Bangkok, Phnom Penh. (and that's just the clear-cut cases of successful implementation from the passport that recently expired)

That said, gated community and individualism seem somewhat mutually exclusive terms. Even gun toting “individualist” guys like Teng Bunma who opt to forgoe the “community” for the gated single family residence, tend to have a platoon (or more) of infantry on hand to keep the riff-raff out.

But perhaps the more valuable question is what actually is the optimal size/locale/hardness that the individualist Goldilocks should seek out when in bear country? And how important is the draw of neighbors in various scenarios?

Mon, 07/07/2014 - 07:36 | 4931090 Lea
Lea's picture

Urban Redneck says, "That said, gated community and individualism seem somewhat mutually exclusive terms. Even gun toting “individualist” guys like Teng Bunma who opt to forgoe the “community” for the gated single family residence, tend to have a platoon (or more) of infantry on hand to keep the riff-raff out."

You contradict yourself, as you have proved in two sentences that gated community and individualism are totally connected. Of course, the individualist, if he can afford it, will want to head a tribe of serfs who will defend HIM and what belongs to him (generally, HIS objectified family/belongings, as in "my house, my wife, my cars, my garden, my kids, my dog, my TV". The words "my/mine/me/myself" are the keys to his thinking here).

Gated communities, gated single family residences are exactly the same as going it alone, but with a larger defence/attack paranoid organization. In every case, the enemy is the outsider, the other, whoever is not "me". BTW, whether that other is actually dangerous or not is a moot point.

Mon, 07/07/2014 - 08:06 | 4931139 Urban Redneck
Urban Redneck's picture

You're splitting cunt hairs trying to deny one form of small "s" socialism while advancing another form of small "s" socialism.

People for whom this isn't an intellectual exercise have the common sense that in order to keep the barbarians from breaching the gates they need to provide for the common defense. Common can be familial, clan, religious, socio-economic, etc. but it is inherently not individualist. No one who has seen the "enemy" hordes up close thinks that they are going to defeat them or fend them off indefinitely from their everyman's castle, regardless of whether one is worried about Hezbollah, the Shining Path, the Cartels, Boko Haram or Nelson Mandela's former cellmates and ghetto dwellers.

Mon, 07/07/2014 - 08:06 | 4931138 Ghordius
Ghordius's picture

UR, I have visited plenty of them. yet I maintain that they are symptomatic for a failure. a lack of civilization that breeds walls

the original gated community is the walled city. civilization inside the walls, the wild, wild whatever outside the walls. by which of course low crime is part of civilization

sociality, social-whatever (including dreaded socialism) inside, and as much individualism you want... outside

a physical application of the in-group/out-group dynamics, the wall

only that you probably don't survive as an individual outside if it's too wild. you have to form a band, or a pirate crew. so the only "true" individualist is a chief bandit, or a pirate captain/king, or a Robber Baron or other feudal lord of the Middle Ages. or a community

perhaps the more valuable question for the individualist Goldilocks would be to define better what he really, really wants. and if he thinks he was hatched whole and mature out of an egg and will never grow old or become infirm or feeble

for the ancient Greeks, individualism was a bonus. of civilization. in the Middle Ages, only the cities offered freedom

this is the human reality: only a group can grant... individualism. and recent psychological research shows that it's the size of the group that matters in how much "quirks" an individual can have

Mon, 07/07/2014 - 08:47 | 4931222 Urban Redneck
Urban Redneck's picture

Perhaps, including in the American case- the myth of the individualist is more appropriate than the cult of the individualist (once one unplugs from the internet and walled city dwellers who fervently fantasize about solitude).

Individualism may be an ideal and may be revered (like immortality), but anyone who has actually practiced it understands the where the long arc of individualism leads... (particularly if they've reached their 30's or 40's).

Granted there is an authentic Individualist existence that can be and is achieved in truly sparsely populated areas, but since this would be applicable to less than 1% of 1%... of the US population, and a couple orders of magnitude less of the population in Europe (since there are only so many Kvitøyas to divide among all those who desire to follow in the path of SA Andre, and not the half-hearted path of the hillbilly hermits of old.) ...I'll just ignore this tiny minority, particularly since the only way one of them could connect to ZH from a retreat so remote would by satellite hookup

Sun, 07/06/2014 - 17:27 | 4929746 Dugald
Dugald's picture

But of course, trust us we are French, n'est-ce pas?

to which those dreadful British reply, piss in your cordial and up yer bleedin jumper....

Sun, 07/06/2014 - 22:49 | 4930577 TheReplacement
TheReplacement's picture

Word is the French are very nice people.  Just ask the Haitians, Viets, or Angolans.  I'm sure they all have wonderful things to say.

Sun, 07/06/2014 - 15:55 | 4929528 Mr Pink
Mr Pink's picture

What's wrong with a fight against dollar imperialism??  Bring it!

Sun, 07/06/2014 - 15:51 | 4929522 Duffy
Duffy's picture

The closer the demise of the dollar becomes, the more desperate TPTB will become to get WW3 going...

Sun, 07/06/2014 - 16:08 | 4929552 Winston Churchill
Winston Churchill's picture

Been getting more ,and more desperate since the middle of last year.

Anyone here that thinks this is not coming to a conclusion this year, or Q1

2015, might be interested in some beachront property I'm selling in Ocala.

Whether its WW3, or a currency reset, or both,is all thats left to find out.

You all be good scouts , and get prepared, if you aren't already.

Sun, 07/06/2014 - 16:16 | 4929579 Duffy
Duffy's picture

It's just a matter of waiting to see if the false flag is nuclear or bio {or, let's hope, against the electric grid}, whether it is blamed on Russia or Iran, and whether it is done by Israel, the US gov, or, fairly likely - both.

You know, an attack on Congress itself would be a great way for Emperor Plalpatine to simply rule by emergency decree - no more borders, bail ins, Hope camps... I don't think so, but it's sadly not quite as crazy and improbable as one might prefer.




Sun, 07/06/2014 - 17:02 | 4929693 TheReplacement
TheReplacement's picture

Your almost there.  The false flag against Congress would have to be Tea Party associated militia and they would have to kill at least 50 or so congress people.  Of course nobody in media would ask why the TP militia only targeted TP pols but whatever.

Sun, 07/06/2014 - 17:15 | 4929731 bbq on whitehou...
bbq on whitehouse lawn's picture

It wount be a bomb or loud bang that is the next false flag it will be a commodity or other asset. Maybe a bond that goes and gets in trouble. Say microsoft becomes to big to fail then you will see a move to SAVE that thing we cant allow to die. Poof False flag.

Sun, 07/06/2014 - 19:38 | 4930083 grekko
grekko's picture

Don't forget Darth Cheney!  If it's a nuke, I hope he rides it down like Slim Pickens in Dr Strangelove.

Sun, 07/06/2014 - 15:55 | 4929524 deflator
deflator's picture

 Like inflation, this talk of supplanting the dollar is just noise according to supporters of the status quo.

Sun, 07/06/2014 - 22:44 | 4930563 Keyser
Keyser's picture

One must remember who controls the central banks as they are the ones calling the shots... I believe it is their desire to destroy the USD... It is the next step in their agenda... 


Sun, 07/06/2014 - 16:01 | 4929538 Hugh G Rection
Hugh G Rection's picture

And according to Dickhead Cheney, the next false flag will be nuclear.  That would be one way to solve the water issue in Vegas...

Sun, 07/06/2014 - 16:38 | 4929623 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

That demon probably armed the weapon himself.

Sun, 07/06/2014 - 17:51 | 4929816 NihilistZero
NihilistZero's picture

Find Matthew Broderick and Ally Sheedy!!!

Sun, 07/06/2014 - 16:04 | 4929546 Sudden Debt
Sudden Debt's picture

It's not just the dollar.

Every transaction in dollars requires a fee!! And why?

America has changed into a easy dropping thief.

Sun, 07/06/2014 - 16:05 | 4929548 AGoldhamster
AGoldhamster's picture

Another one blackmailed by NSA?!

Sun, 07/06/2014 - 16:08 | 4929554 earleflorida
earleflorida's picture

'Sacr'e`Bleu... le langue de`bois , eschatologies message`crypte?'


Sun, 07/06/2014 - 16:08 | 4929556 SHEEPFUKKER

It's a giant circle jerk until someone decides to back their currency with anything other than bombs. 

Sun, 07/06/2014 - 16:20 | 4929583 deflator
deflator's picture

Clearly, "something heavier than the dollar" is in reference to a return to some sort of sound money. China, Russia and Europe would be a formidable front for the dollar to defend against. I am sure all of the raw material and manufacturing countries are on board with a return to sound money. Wouldn't that include Canada and Mexico? ouch!

Sun, 07/06/2014 - 16:11 | 4929561 Salah
Salah's picture

My only question: why has it taken this long for them to figure it out?

Sun, 07/06/2014 - 16:13 | 4929570 kowalli
kowalli's picture

Because USA bomb countries which doing the same -Livia,Iraq,...

Sun, 07/06/2014 - 16:19 | 4929586 Who was that ma...
Who was that masked man's picture

They're French.

Sun, 07/06/2014 - 16:25 | 4929599 css1971
css1971's picture

Today I drove past a US military base in Germany. This is nearly 70 years after the war.

What do you think the reality is here?


Sun, 07/06/2014 - 16:29 | 4929606 stoneworker
stoneworker's picture

Tell them to go back home....The Americans, win the Germans win, and the world becomes a safer place.

Mon, 07/07/2014 - 00:02 | 4930729 assistedliving
assistedliving's picture

try to tell that to the Ukrainians, Georgians, Transnitreans however u spell it and oh, Nakorno karabakhians however u spell that too


that GE deal must hv hurt more than i realized...

Mon, 07/07/2014 - 05:31 | 4931004 Zwelgje
Zwelgje's picture


Sun, 07/06/2014 - 16:31 | 4929610 kowalli
kowalli's picture

You should make a petition "fack off USA and go home"

Sun, 07/06/2014 - 16:43 | 4929632 Herodotus
Herodotus's picture

It is there to insure the Germans don't step out of line; and to remind them that they are still being watched.

Sun, 07/06/2014 - 19:59 | 4930137 quadratic_equation
quadratic_equation's picture

That's the reason why Germany has very advance economy.  Look at South Korea and Japan, they're similar situation.  Once you go to war and win it or negotiate to stand still, don't abandon it because it will go to a chaos and eventually a totalitarian ruler will reign.  Since the US started abandoning countries we invaded through wars everything in those countries just went to crap.  Look at Iraq the most recent abandonment and Vietnam the first country we abandoned.

Sun, 07/06/2014 - 16:35 | 4929619 deflator
deflator's picture

My only question: why has it taken this long for them to figure it out?


While it has been more than 40 years since the end to any resemblance to sound money, the past 40 years of concomitant parabolic globalization growth has masked the inherent fraud of strictly fiat money regimes. It has only been about 8 years since globalization has reached it's logical conclusion.

Mon, 07/07/2014 - 20:57 | 4933891 Bemused Observer
Bemused Observer's picture

The returns have been so awesome that they just kept it going "a little longer, please..."

And here we are.

Sun, 07/06/2014 - 16:21 | 4929589 Goldilocks
Goldilocks's picture

Brother Nathanael
Has America Ceased To Exist? (3:48)

Sun, 07/06/2014 - 16:43 | 4929634 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Brother Nathanael sounds like he talks a good talk sometimes.

But if you step back from it and really look it -- he's mocking everything the character he's playing is talking about.  Look at it again.

Sun, 07/06/2014 - 16:24 | 4929597 surf0766
surf0766's picture

Dear Leaders plan is progresing on time.

Sun, 07/06/2014 - 16:49 | 4929654 Urban Redneck
Urban Redneck's picture

Barry likes French guys running a train on him, and the French love their SNCF. This will be an interesting show, grab some popcorn.

Tue, 07/08/2014 - 19:04 | 4937397 MeelionDollerBogus
MeelionDollerBogus's picture

Which Rothschild are you referring to?

Sun, 07/06/2014 - 16:30 | 4929608 q99x2
q99x2's picture

As if they haven't heard of Bitcoin.

Tue, 07/08/2014 - 19:05 | 4937406 MeelionDollerBogus
MeelionDollerBogus's picture

Damn near everyone's heard that joke already. It's just not funny anymore. We need real money & bitcoin has no such value.

Sun, 07/06/2014 - 16:37 | 4929622 I am Jobe
Mon, 07/07/2014 - 02:15 | 4930873 supermaxedout
supermaxedout's picture

your link is not working.

Mon, 07/07/2014 - 02:15 | 4930874 supermaxedout
supermaxedout's picture

your link is not working.

Sun, 07/06/2014 - 16:51 | 4929658 buzzsaw99
buzzsaw99's picture

changes nothing for the southern euro countries. whether it is usd or euro france and spain are still broke and germany will not let them print their way to prosperity the way the usa does.

Sun, 07/06/2014 - 16:57 | 4929679 deflator
deflator's picture

 Taking away consumption of resources in the U.S. that ending dollar hegemony implies, frees up a lot of resources for the Euro/Yuan/Ruble alliance to distribute.

Sun, 07/06/2014 - 17:02 | 4929689 buzzsaw99
buzzsaw99's picture

even so i highly doubt the piigs or frogs would benefit much from that. maybe if they cozy up with russia putin will be generous but there is no difference between the usd and euro. both are debt based, backed by nothing, and issued by loser countries with huge trade deficits.

Sun, 07/06/2014 - 17:15 | 4929728 FlyingDutchman
FlyingDutchman's picture

The euro area doesn't nearly have as huge a  trade deficit as the USD economy.

Sun, 07/06/2014 - 17:27 | 4929739 buzzsaw99
buzzsaw99's picture

+1 damn, i should have checked my facts before i included the trade deficit remark concerning the entire eurozone. i looked at their trade deficit with china awhile ago and assumed wrongly. they have actually been running trade surpluses lately?? HOWEVER, Spain and France et al HAVE NOT. also, if they become unfriendly with the usa the surpluses may evaporate which means it is actually a giant circle jerk

Sun, 07/06/2014 - 19:37 | 4930078 Soul Glow
Soul Glow's picture

When the dollar is threatened the US will try to break up the euro.  

Remember, "Fuck the EU."

Sun, 07/06/2014 - 16:56 | 4929674 pitz
pitz's picture

Payments for oil aren't being made exclusively in USD$, and haven't been for many decades.  So what's the big deal?  Sounds like some people are still stuck in the 1940s and 1950s when oil was purchased significantly in USD$ because the US was the most significant exporter of it.  Oil has been purchased and/or has been purchaseable in local currencies for a long time now. 

Sun, 07/06/2014 - 17:08 | 4929700 deflator
deflator's picture

 1) local currencies cannot be  "printed" by fiat to purchase oil. Non USD currencies are shackled to the dollar in the same way USD "was" shackled by a dollar pegged to gold at $38 the ounce. 

2) Financial structurings of fiat debt are time based, 2, 5, 10 20, 30 years. Central banks have massive exposure to the status quo of the past as much as the future. It takes time to unwind the past 75 years of dollar dominance. 

3) There can only be one bull since everything is done by political force. 

Sun, 07/06/2014 - 17:06 | 4929702 Winston Churchill
Winston Churchill's picture

DC must be unaware of it,because no other oil producers have been 'liberated'.

I am ignorant of ANY major producer that does not sell in USD's.Apart from Russia just now.

Maybe you could defend your statement ?

Sun, 07/06/2014 - 17:54 | 4929824 pitz
pitz's picture

If you want to buy oil from Canada, you have to pay Canadian dollars.  Or exchange your US dollars for Canadian.  If you want to buy from Russia, you need rubles.  There is, and hasn't been for many, many years, a requirement to actually pay US dollars. 

Sun, 07/06/2014 - 17:12 | 4929706 buzzsaw99
buzzsaw99's picture

i think the argument is that many countries keep usd assets because it is accepted around the world (for now) to buy oil. sometimes at gunpoint, but i digress. i think france's position is that if bnp can't skim off the currency exchange markets then fuck it, why even have them. germany's position is that yes, the usa does spy on us and stole our gold but they are our bestest buddies and what are friends for anyway.

Sun, 07/06/2014 - 19:51 | 4930115 quadratic_equation
quadratic_equation's picture

Yes it can be done to a non OPEC countries like Russia but they're few and also Russia is a powerful country with large military so they can defy the US.  However an OPEC country cannot sell oil other than in USD; a good example is Iran, they can't sell their oil with US sanction.

Sun, 07/06/2014 - 23:00 | 4930600 daveO
daveO's picture

Then there's the murders of Qadahfi and Saddam, as other examples. Iran's too big geographically and by population.

Tue, 07/08/2014 - 19:05 | 4937408 MeelionDollerBogus
MeelionDollerBogus's picture

Except they did, for gold.

Sun, 07/06/2014 - 17:02 | 4929687 kowalli
kowalli's picture

Payments for oil was made exclusively in USD$ for many decades,wake up

Sun, 07/06/2014 - 17:56 | 4929829 pitz
pitz's picture

Yeah in the 40s, 50s, and 60s.  Not in the past few decades.  Prices are still referenced against USD$, but that doesn't force actual payment to be in USD$.  Firms and nations will sometimes purchase USD$ to hedge their purchases, but that's not strictly necessary if their other methods of payment have reasonable price stability.

Sun, 07/06/2014 - 17:15 | 4929729 100pcDredge
100pcDredge's picture

Wo... shy ention mit? < FTFY

Mon, 07/07/2014 - 00:13 | 4930748 Sisyphus
Sisyphus's picture

horry shitgum... wo shy mention it?

Sun, 07/06/2014 - 17:35 | 4929768 GooseShtepping Moron
GooseShtepping Moron's picture

While it's true that one swallow (or in this case, three) does not a summer make, it's also important to remember that the pendulum always swings eventually, even if it seems to be taking an interminably long time.

Now that the central banks of the world have taken QE about as far as it can practically go, with Europe going NIRP and the Fed actually reversing course and tapering, perhaps we're witnessing the beginning of an international competition to strengthen currencies rather than weaken them, especially as resources like oil become heavily bid (the theory behind this being that the strongest currency will eventually become preferred for international trade and will acquire reserve status).

Of course, the big flaw in this reasoning is the staggering amount of debt; but the need for resources in the here and now outweighs the need to keep the paper debts serviceable when the latter can simply be repudiated by a sovereign act of defiance. Neither the EU nor the USA can win this battle, but they will be compelled to tighten anyway or risk having their purchasing power abroad fall down with a splatter.

I realize this is quite oversimplified, but it seems like a part of the puzzle. The QE endgame has to involve tightening in one way or another, so it would not hurt to watch for the signs and symptoms of it.

Sun, 07/06/2014 - 19:29 | 4930066 Soul Glow
Soul Glow's picture

Inflation compounds.  Tapering is still easing.  Printing still increases supply, and an increase in supply, unless demand moves in an equal ratio, weakens price/value.

Tue, 07/08/2014 - 18:24 | 4937211 MeelionDollerBogus
MeelionDollerBogus's picture

<-- central banks & national leaders really want to enslave & financially rape their own citizens
<-- central banks & national leaders really want to compete against each other

Sun, 07/06/2014 - 17:38 | 4929776 Totentänzerlied
Totentänzerlied's picture

Pay no attention to the man behind the curtain:

French (and, of course, all EU) banks continue to receive Fed welfare, so they can survive just one more day. Regarding the EU, "dedollarization" is (for now, still) pure theater.

A small sampling of ZH search results for those who aren't following:

So, wake me when the ECB announces that the EU banking system will no longer routinely come crying to the Fed for more damn-near-free stop-gap funding for its completely flat-broke ass.

Sun, 07/06/2014 - 17:58 | 4929809 Bdelande
Bdelande's picture



Wow, so you can print USDs and dole them out willy nilly, aren't you special.


It would be laughable if it weren't so pathetic.

Sun, 07/06/2014 - 20:47 | 4930253 Canucklehead
Canucklehead's picture

If you were to stop and think for a moment, you should arrive at the conclusion that those newly printed US dollars are not doled out to the Americans. They have plenty of US dollars. Those newly printed US dollars go into the international markets to float the global economy.

Do a little research... or do you expect to be spoon fed? How do you perform quality control on the baby food given you?

Sun, 07/06/2014 - 21:03 | 4930275 Bdelande
Bdelande's picture

Take a look above fruit cake, I was responding to a coment regarding your glorified overseas Dollars.  You best have some more mashed carrots sweetie, I hear it helps with eyesight.  

Sun, 07/06/2014 - 23:56 | 4930720 Money Squid
Money Squid's picture

Let them eat fruit cake.

Sun, 07/06/2014 - 23:24 | 4930652 Money Squid
Money Squid's picture

Hey Frenchy - according the reserve currency status chart in the above article your country had its day in the sun about 1750. Let the rest have a shot at fiat.

Sun, 07/06/2014 - 19:15 | 4930038 Soul Glow
Soul Glow's picture

The dollar swap article was ferom 2011, but that is neither here nor there, because it is even more dangerous for the swap line to be open and fat, because if and when those other Central Banks dump the dollar, it will be magnified times that amount.

And all central banks are broke, so what's your point?

Sun, 07/06/2014 - 20:45 | 4930248 Canucklehead
Canucklehead's picture

Has a Central Bank ever dumped a currency? I know they have dumped Gold, but have they ever dumped a fiat currency?

Mon, 07/07/2014 - 00:02 | 4930728 Soul Glow
Soul Glow's picture

The pound sterling for the dollar after WWII.

Sun, 07/06/2014 - 17:38 | 4929777 goldhedge
goldhedge's picture

"FUCK the EU"... oh wait.

Sun, 07/06/2014 - 17:48 | 4929803 Bemused Observer
Bemused Observer's picture

The only value of ANY fiat currency is the whole "full faith and credit" thing, which has by now been completely shot to hell as far as the dollar goes.
Of course we will lose reserve currency status, that's a given. Anyone observing how we've destroyed our economy and monetary system would have to be off their meds to keep using our paper as their reserve currency.
I wonder how the Fed intends to handle the tsunami of paper that starts coming ashore here. If we aren't the reserve anymore, why would anyone not living here even WANT dollars? So, like the swallows at Capistrano, they will come flocking back. And correct me if I'm wrong, but aren't the majority of dollars in circulation circulating outside the US?
I think we will get a new currency soon. They'll have us exchange our old reserve notes for the new bills, and there'll be a time limit on it so they can kill off the dollar for good after that point. The new stuff will be practically worthless, but they will likely give us a 'premium' for changing over, to make us feel like we've gotten something out of the deal. Maybe a 1,000 dollar (in the new currency) bonus or something, which will be effectively worthless, but sure sounds like a lot.
They have been preparing us you know, over the past decades, to get used to changes in design on our paper currency. And all the new coinage too, including gold-colored Sackajawea dollars. So, when they issue the new stuff people won't be as surprised by it.
They know the dollar is dying, and most likely have a replacement in mind. They sure as hell don't want it to be gold or silver, so they will insist on a new currency first.
Of course, gold itself might have something else in mind, so we'll have to see where that goes...:-)

Sun, 07/06/2014 - 18:03 | 4929851 crazytechnician
crazytechnician's picture


Sun, 07/06/2014 - 18:52 | 4929970 Soul Glow
Soul Glow's picture

It'll be something like that.  We'll have a domestic currency and a foreign reserve.  We'll be asked by the IMF to back our outstanding debt with our gold reserves to balance our debt issued.  We'll be asked by most other Nation-States to go along with said IMF request, backing us and all our nukes into a corner.  Then oil rich Nation-States will ask for future payments to be in gold as well.  This will have oil skyrocket in cost vs the dollar and allow gold to go for the ride.

Gold bitchez.

Sun, 07/06/2014 - 20:18 | 4930186 quadratic_equation
quadratic_equation's picture

That's easily solved.  Just declare bankrupcy and renege on paying our debt, revalue the dollar and back it again with gold, withdraw from all global economic treaties and reinstitute tariff on all imports that will bring back all US manufacturers back home, maintain the super power status of the US military that will scare the living crap out of all the countries of the world that thinks they can just force the US into submission when we're down, like the saying goes "a dog backed to the corner will bite".  The US is still a large producer of energy (oil, coal and natural gas) if the government just allow drilling and mining in places like Alaska and the coast of the US.  The US is still the largest agriculture producer in world if the government allows the farmers to grow instead of subsidizing them not to produce.

Mon, 07/07/2014 - 04:38 | 4930966 Lea
Lea's picture

"maintain the super power status of the US military"

Why are you Americans always so scared anyone will come invade you? It has never happened, yet you all buy into the "threats to America" phony narrative that has done so much to make your country a paranoid militarist hell-hole.

Get that into your head: nobody but you Americans likes wars or invading anyone. Even Hitler was American doing.

Mon, 07/07/2014 - 05:00 | 4930976 Ghordius
Ghordius's picture

Lea, perhaps it's the war of 1812, where btw the White House was burned down

but note that Russians like to invade - just annexed Crimea. the French and the British are the past champions of invasions, we are commemorating the 100 years of an Austrian invasion of Serbia which also resulted in Germany's invasions

it's difficult to find a country that has no history of invading others. most of them were founded through invasion (or a later revolution)

a small tip: avoid the Hitler discussion at all costs. nowadays everybody has his own pet history on him. including your "Hitler was American doing". you can't compete against years and years of History Channel's viewing, and the American involvement theories on him are very, very tenuos

Mon, 07/07/2014 - 20:51 | 4933866 Bemused Observer
Bemused Observer's picture

Invade us? Why?

Look at us on the would be much easier to just 'quarantine' us. Blockade...nothing in, nothing out.

And such a blockade wouldn't necessarily have to involve actual military can be done economically. Step one...get rid of King Dollar and our influence declines to the point we may as well have foreign navies offshore...

Invasion? Very unlikely. But we CAN be gradually shut out of global trade, and our status reduced to where we are largely left playing with ourselves while the rest of the world organizes some arrangements that don't include us.

Sun, 07/06/2014 - 17:52 | 4929818 Space Animatoltipap
Space Animatoltipap's picture

All spoils of war only last so long. Even the $.

Sun, 07/06/2014 - 18:01 | 4929840 falak pema
falak pema's picture

ha ha ha; its well known amongst true friends : hedge your bets especially against your tRUE friends. 

This is the world of Machiavelli ! 

Sun, 07/06/2014 - 18:24 | 4929902 Soul Glow
Soul Glow's picture

Keep your friends close....

Sun, 07/06/2014 - 18:02 | 4929849 crazytechnician
crazytechnician's picture

Oil will be priced in BTC.

Sun, 07/06/2014 - 18:22 | 4929899 Soul Glow
Soul Glow's picture


Sun, 07/06/2014 - 18:55 | 4929988 crazytechnician
crazytechnician's picture

That is so 2011.

Sun, 07/06/2014 - 19:08 | 4930023 Soul Glow
Soul Glow's picture

And BTC is so 2013.

Sun, 07/06/2014 - 19:43 | 4930097 crazytechnician
crazytechnician's picture

BTC will be 2013 - 2140.

Tue, 07/08/2014 - 15:47 | 4936598 MeelionDollerBogus
MeelionDollerBogus's picture

Past 2020 I would expect BTC cease to even exist.

Tue, 07/08/2014 - 15:48 | 4936604 MeelionDollerBogus
MeelionDollerBogus's picture

And 1637.

Do NOT follow this link or you will be banned from the site!