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Presenting De-Dollarization In One Simple Map

Tyler Durden's picture




 

Sometimes a picture is indeed worth a thousand words (or a thousand yuan) which is why we present the following map which shows all of the countries that have joined the China-led Asian Infrastructure Investment Bank with no comment other than to say "spot the odd G-7 nations out"...

*  *  *

Bonus chart:

 

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Fri, 04/24/2015 - 19:14 | 6028117 kaiserhoff
kaiserhoff's picture

Meh,

Who is gonna go tits up first?  Not the USA.  This dog and pony show has a long run ahead.

It's taken 5 years to kick Greece out of the club, and it still isn't a done deal.

Fri, 04/24/2015 - 19:21 | 6028143 Carpenter1
Carpenter1's picture

US will kick it off. Have to take the US down first, after all, this is about transferring power from west to east

Fri, 04/24/2015 - 19:26 | 6028152 kaiserhoff
kaiserhoff's picture

First, no one knows, but it's fun to shoot the shit.

I think the old politics will be in deep doo doo everywhere, and cities will take the worst of it.

The new maps won't look much like the old ones.

Fri, 04/24/2015 - 19:28 | 6028155 ILLILLILLI
ILLILLILLI's picture

"The Reds are coming...!!"

Fri, 04/24/2015 - 19:45 | 6028194 Winston Churchill
Winston Churchill's picture

The feds are coming.....

fify

Fri, 04/24/2015 - 20:51 | 6028334 smlbizman
smlbizman's picture

better dead than red....

Sat, 04/25/2015 - 11:32 | 6029240 HowdyDoody
HowdyDoody's picture

Better Red than Fed

Fri, 04/24/2015 - 20:13 | 6028263 GMadScientist
GMadScientist's picture

The Reds are selling!

Fri, 04/24/2015 - 20:43 | 6028318 Lost My Shorts
Lost My Shorts's picture

The reds are coming ... and buying all your real estate.

They can has your country.

Fri, 04/24/2015 - 20:47 | 6028330 auntiesocial
auntiesocial's picture

so how are those Russian sanctions working out for ya anyway?

Fri, 04/24/2015 - 19:29 | 6028157 TeamDepends
TeamDepends's picture

Correct. As sorry as conditions have sunk to here, we still represent liberty and individual freedom. Then there's that pesky Second Amendment they have so spectacularly failed at eradicating (see Sandy Hook). That's where Jade Helm steps in. Cataclysmic changes here by October first.

Fri, 04/24/2015 - 20:21 | 6028276 MonetaryApostate
MonetaryApostate's picture

Something tells me that the elite don't give a damn one way or another...

Fri, 04/24/2015 - 23:59 | 6028689 SilverDOG
SilverDOG's picture

"You can take that to the bank" - Hard to Kill

 

Sure as hell have not yet.

Sat, 04/25/2015 - 11:22 | 6029213 Bill of Rights
Bill of Rights's picture

You can take my guns after I empty them.

Fri, 04/24/2015 - 19:35 | 6028172 seek
seek's picture

We have far too an entrenched MIC for it to happen in the US first. Trust me, Washington lobbyists and Locheed will be pushing droning starving zombies to death as they approach DC before the US collapses. The government has massive contingency plans, continuity of government bunkers, and storage warehouses, and they'll use them all up before they'd even consider folding.

The US ends when there's a few thousand people inside Mt. Weather and Site R, all barking orders out over the radio -- with no one left that listens to them or cares. And even then they'll still believe they're the ones in power because of the shiny red button they've got.

Fri, 04/24/2015 - 19:41 | 6028180 kaiserhoff
kaiserhoff's picture

Just because it makes for cheesy movie plots doesn't mean it won't happen:)

Fri, 04/24/2015 - 19:48 | 6028201 ILLILLILLI
ILLILLILLI's picture

I say we get us some of them fracking machines and go after the bastards in their hidey-holes...

Fri, 04/24/2015 - 19:50 | 6028208 TeamDepends
TeamDepends's picture

They just reopened Cheyenne Mountain! All the DUMBs are as stocked as they'll ever be. MIC does not care about borders. Europe, UK, Australia have all been disarmed. It is clear many are not taking Jade Helm seriously. The chess pieces are in place or will be by July 15th. It's almost showtime!

Fri, 04/24/2015 - 20:44 | 6028320 Chupacabra-322
Chupacabra-322's picture

@ Team,

Question therein remains. Will these Criminal Psychopaths even make it to the DUMBs? Something about "behind every blade of grass."

Fri, 04/24/2015 - 21:12 | 6028372 seek
seek's picture

When they really do decide to pull the trigger -- pardon the pun -- on this, I suspect that we'll see the VIPs relocate prior to the events. If a bunch of TPTB people in congress suddenly pull a Putin-like disappearing act, I'd be very alarmed. It makes the most sense for them to do this when nothing is in session and everyone is on "vacation." That also makes is easier to justify using executive action rather than congress as well.

Sat, 04/25/2015 - 11:27 | 6029227 Bill of Rights
Bill of Rights's picture

To much info wars bro ... Besides they are preparing and so are we. We already have people on the inside who are mixed in, they just don't know it.

Fri, 04/24/2015 - 19:50 | 6028209 El Vaquero
El Vaquero's picture

Those of us in flyover country might be tempted to make sure that they don't get much in the way of food if they want to play that game. 

Fri, 04/24/2015 - 20:50 | 6028333 Not Too Important
Not Too Important's picture

On the contrary. It's all radioactive now, so keep producing as much as you can, and live life to the fullest on their dime.

It isn't about saving up for retirement anymore.

Fri, 04/24/2015 - 22:45 | 6028559 capital one
capital one's picture

I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com

Fri, 04/24/2015 - 19:14 | 6028119 Shaznardickleze...
Shaznardickleze the Doon's picture

That just about leaves the Polar Bears, Penguins, Lions, Elephants and Narwals holding the bag... Oh and of course the welfare state and newly minted upper lower class.

Fri, 04/24/2015 - 20:46 | 6028326 Not Too Important
Not Too Important's picture

No animals left in the northern Pacific. You must mean the Atlantic.

Fri, 04/24/2015 - 21:06 | 6028361 TheAntiProgressive
TheAntiProgressive's picture

The welfare state will go a scavaging and become targets of opportunity.  And if it gets that bad, the scavengers need to made an example of.  Like a video tape of 4 of them being pushed thru a hydraulic chipper.

Fri, 04/24/2015 - 19:15 | 6028122 TeamDepends
TeamDepends's picture

And some of you think the dollar charade can go on for years! The fat lady is warming up.

Fri, 04/24/2015 - 19:17 | 6028128 McMolotov
McMolotov's picture

That fat lady's name is Hillary.

Fri, 04/24/2015 - 19:47 | 6028199 Winston Churchill
Winston Churchill's picture

Cankula to you.

Fri, 04/24/2015 - 19:52 | 6028220 TeamDepends
TeamDepends's picture

She is Empress Cankulus in her mind.

Fri, 04/24/2015 - 21:55 | 6028461 g'kar
g'kar's picture

Shrilligula

Sat, 04/25/2015 - 11:33 | 6029242 Bill of Rights
Bill of Rights's picture

Man you're a doomers doomer huh?and like Y2k and thr end if the world , when nothing happens you will move on to something else... Galati os really.

Fri, 04/24/2015 - 19:15 | 6028123 knukles
knukles's picture

Nunavut?

Fri, 04/24/2015 - 19:27 | 6028147 kaiserhoff
kaiserhoff's picture

You keep bringing that up.  Got a snow bunny up there, or a couple of tons of Marker's Mark?

You wouldn't hold out on your homies, would you knucks?

Fri, 04/24/2015 - 19:33 | 6028162 knukles
knukles's picture

Me?  Hold out on my brothers?  
Even I have no idea why I keep wondering about up there Great Slave Lake way.

 

Did you know that Hellen Keller had a tree house in her back yard?
Neither'd she.

Fri, 04/24/2015 - 19:43 | 6028188 kaiserhoff
kaiserhoff's picture

Wonders will never cease.

I bought a painting today, so I am now a patron of the arts,

which only proves that any damn thing can happen.

Fri, 04/24/2015 - 20:15 | 6028268 GMadScientist
GMadScientist's picture

They're painting pornos now?

Fri, 04/24/2015 - 19:16 | 6028125 arby63
arby63's picture

All fine and dandy but if/when the USA no longer buys Chinese shit products...........then what? I am still waiting for that answer because all the world combined wouldn't even make a dent in our Wal Mart shopping asses.

Fri, 04/24/2015 - 19:26 | 6028154 Harbanger
Harbanger's picture

Walmart is moving to China.

Fri, 04/24/2015 - 20:17 | 6028272 GMadScientist
GMadScientist's picture

But will be rebranded as "Price Low Number One Red King Box".

Fri, 04/24/2015 - 21:08 | 6028364 TheAntiProgressive
TheAntiProgressive's picture

In China, Walmart is nummer one.

Fri, 04/24/2015 - 21:56 | 6028469 g'kar
g'kar's picture

Walmart love you long time, 1 dollah

Fri, 04/24/2015 - 19:30 | 6028159 813kml
813kml's picture

The BRICS have about half the world's population, more than enough aspiring middle classers to replace the former middle classers of the USA.

It is the US sheeple that depend on buying cheap Chinese shit because they are either too poor or because the US doesn't make anything anymore.

Fri, 04/24/2015 - 19:30 | 6028160 runningman18
runningman18's picture

The Chinese are buying their own shit products now, and there are billions of them.  They don't need American consumers for jack anymore.  The arrogance of the idea that the rest of the world cannot survive without us buying their stuff is truly amazing.

Fri, 04/24/2015 - 21:09 | 6028366 silverer
silverer's picture

If we lose the US dollar as the reserve, you'll be paying Waldorf Astoria prices for Chinese goods.  Luxury if you can afford it.  Otherwise, it will be made in Detroit.  Ugh.

Sat, 04/25/2015 - 01:10 | 6028747 arby63
arby63's picture

Good luck believing that. 

Sat, 04/25/2015 - 08:19 | 6028980 logicalman
logicalman's picture

US population is about 1/4 that of China.

Big clue as to the relative sizes of their economies if the Chinese do start buying all their own shit.

 

Sat, 04/25/2015 - 11:12 | 6029196 TheReplacement
TheReplacement's picture

Maybe they'll start demanding improved quality.  That in itself would go a great distance toward leveling the playing field.

Sat, 04/25/2015 - 11:40 | 6029254 Bill of Rights
Bill of Rights's picture

If that be the case what are they waiting for ?

Sat, 04/25/2015 - 20:52 | 6030184 August
August's picture

>>>The arrogance of the idea that the rest of the world cannot survive without us buying their stuff is truly amazing.

Thank you for making that succinct point.

Every 20 years or so, I find myself in Washington DC.  This year, more than ever, it smells like dead people.

Sat, 04/25/2015 - 08:27 | 6028987 Agstacker
Agstacker's picture

Walmarts have been closing...

Fri, 04/24/2015 - 19:16 | 6028126 caustixoid
caustixoid's picture

Canada's still the US's bitch though. 

Fri, 04/24/2015 - 19:35 | 6028170 directaction
directaction's picture

Canada does as it's told. 

They are good boys and girls. 

Fri, 04/24/2015 - 19:56 | 6028225 Kirk2NCC1701
Kirk2NCC1701's picture

Yes. The national mantra is "Be nice"**

Canadians are worldly and independent thinking, and usually are, except when taking their queues and global priorities (marching orders) from DC, NY, London and Tel Aviv. Then they toe the line, like the good little colonials they are.

** You often it said in conversations: "Oh, he/she is so nice... They weren't nice at all... Oh, that was a nice thing to do... We're much nicer than Americans..."

Sat, 04/25/2015 - 08:23 | 6028984 logicalman
logicalman's picture

Having just travelled from UK to Canada via US where I overheard a flight attendant taking the piss out of Canadians for being 'nice'.

Comparing UK, US and Canadian service in stores, on the flights and border officials, US comes a very poor 3rd.

 

Sat, 04/25/2015 - 12:59 | 6029401 Villageidiot777
Villageidiot777's picture

US is a 3rd world country.

Fri, 04/24/2015 - 20:14 | 6028264 Boomberg
Boomberg's picture

Canada's official head of government is the Queen of England. Don't mean to be offensive and other heads of governments are not much better, but it's a simple fact: If you're Canadian then you're an imbecile. 

Sat, 04/25/2015 - 21:00 | 6030204 August
August's picture

Her Majesty is the Head of State.

That asshole whats-his-face is the head of government.

Fri, 04/24/2015 - 20:33 | 6028297 bluskyes
bluskyes's picture

The talking heads on the telescreens don't speak for everyone.

 

Fri, 04/24/2015 - 20:40 | 6028311 Rehab Willie
Rehab Willie's picture

I can't help but notice Canada's postion as a buffer between to two Empires.

Hope they don't end up like Poland did in 1939, I will miss their beer and cheap hookers.

Fri, 04/24/2015 - 21:10 | 6028367 TheAntiProgressive
TheAntiProgressive's picture

Canada has better banks.

Fri, 04/24/2015 - 19:19 | 6028134 ah-ooog-ah
ah-ooog-ah's picture

Better Red than dead

Fri, 04/24/2015 - 19:19 | 6028135 dogfish
dogfish's picture

Forgot the Crimea.

Fri, 04/24/2015 - 19:22 | 6028145 ah-ooog-ah
ah-ooog-ah's picture

and Kaliningradskaya Oblast

Fri, 04/24/2015 - 19:23 | 6028146 Soul Glow
Soul Glow's picture

Whatever.  Banking is a sham.

Fri, 04/24/2015 - 19:24 | 6028148 I need more asshats
I need more asshats's picture

What a pretty map. Red mean happiness to the Chinese, you'll see a lot of red when you go visit there.

USSA Brain drain in 3, 2, 1....

Fri, 04/24/2015 - 19:35 | 6028166 mrpxsytin
mrpxsytin's picture

Get to Australia.

We're set to issue 5 million visas this year. That's big considering we only have a popof about 23million.

It's a pity so few of those visas will be issued to Americans. But I guess they know better than 5 million other nationals...

Fri, 04/24/2015 - 19:40 | 6028178 I need more asshats
I need more asshats's picture

"You guys are missing the story, OK?"
--Ambassador to Japan Caroline Kennedy

"The real growth is happening in Asia".

Smart Americans know that already, they know their lives in America is stagnate from here on out.

http://www.cbsnews.com/news/ambassador-to-japan-caroline-kennedy-60-minutes

Fri, 04/24/2015 - 19:42 | 6028183 813kml
813kml's picture

Why is Australia trying to increase it's population so quickly?

Be careful, there may be an influx of Californians looking to trade one desert for another. 

Fri, 04/24/2015 - 20:27 | 6028286 Bazza McKenzie
Bazza McKenzie's picture

The influx of Chinese and Indians is a counterweight to religion of peace immigrants who flock to welfare handouts.

The current government has slowed the inflow of the latter by turning around the boats they used to enter Australia illegally, but those who are here breed like cockroaches, helped by numerous welfare scams that we are too PC to stop.

However the Chinese and Indians actually work, are relatively young and educated, and they aren't burdened by the PC sensibilities of the rest of us, so they will eventually act to stop the scams so beloved of the religion of peace.

Fri, 04/24/2015 - 20:35 | 6028303 mrpxsytin
mrpxsytin's picture

hehe thanks for the heads up. I'll be sure to keep an eye out for them.

Plenty of room here in this 'desolate wasteland' though. Although, I may start to get concerned when our population hits 200million because then we might have to actually try to farm rather than export the massive surplus we produce every year.

I'm not saying our farmers don't try. It's just that we are not going anywhere near the lengths that other countries go to to grow food.

Fri, 04/24/2015 - 21:58 | 6028471 813kml
813kml's picture

I would think that it would start to feel crowded after 50 million, how much of the land is comfortably habitable?

Sat, 04/25/2015 - 00:12 | 6028679 mrpxsytin
mrpxsytin's picture

U seriouuuus?

Have you heard of multi-level buildings?

How many people live in London? How many Londons can you fit in to Tasmania?

According to Wikipedia, London's pop is 17times as dense as Perth, Western Australia. Perth has a pop of 2million. So just to get Perth on the same level as London we'd need over 30million people to move here.Then do a similar thing with the other cities and towns and you easily hit 200million.

I've been to London and it is not overcrowded unless you go to one of the tourist spots.

Sat, 04/25/2015 - 00:54 | 6028727 813kml
813kml's picture

I didn't know you were looking to create London Down Under, but I suppose that I have a different comfort level of population density.  I always thought one of the most attractive features of Australia was its wide open spaces.

Maybe the Queen will ship over some more convicts to get the ball rolling.

Sat, 04/25/2015 - 01:12 | 6028749 bid the soldier...
bid the soldiers shoot's picture

but 813kml

one of the most attractive features of Australia was its wide open spaces.

 At one time or other you could have said that about Malibu, the Hamptons and Palm Beach.

Jest sayin'

Sat, 04/25/2015 - 06:03 | 6028894 Monty Burns
Monty Burns's picture

Of course there's physical room. But if you fill the country with Indians and Pakistanis Australia becomes the Indian sub-Continent. That what you want? Fill it with for example the Swiss and it becomes like Switzerland.Think about that.

Fri, 04/24/2015 - 23:55 | 6028683 Lurk Skywatcher
Lurk Skywatcher's picture

Depends on your definition of comfortably - the less you need, the more room there is. The resource hogging waste generating obese consumerist habitats are already overcrowded, which might explain the lack of visas available for certain first world countries.

Fri, 04/24/2015 - 21:00 | 6028353 The_Prisoner
The_Prisoner's picture

Californians are experts in turning green places INTO deserts. Australia is already a desert, they won't come here.

 

Fri, 04/24/2015 - 20:20 | 6028277 GMadScientist
GMadScientist's picture

We already have a housing bubble; we don't need yours.

Sat, 04/25/2015 - 05:58 | 6028892 king leon
king leon's picture

It's "STEALTH" cheap labour, We already have it in the UK . We no longer have skilled tradesman or craftsmen, we have now been flooded with cheap unskilled labour from eastern bloc EU countries. They live in comune, sometimes  8,10, even 12 to building, work for less money, lowering our standard of living and forcing down wages . The poles send their money back to Poland where it is worth double. "GOOD LUCK WITH THAT ONE" 

Sat, 04/25/2015 - 05:59 | 6028893 Monty Burns
Monty Burns's picture

And in 50 years the country will look like a combination of India and China.  Good luck with that.

Sat, 04/25/2015 - 11:06 | 6029183 IcarusOnFire
IcarusOnFire's picture

Mr Pxsytin says:  "Get to Australia." 

Are you serious?  Australia is already socialist utopia.  Your government contols everything down there.  You just don't know it yet.  Wait till they get taken out by big business and the big banks, and you'll see what little freedom you the common man really have...............

You were born in slavery and your country will die in slavery.

Icarus

Sat, 04/25/2015 - 21:08 | 6030221 August
August's picture

One of the nice, honest things about Australian government is that they already have their gold confiscation laws on the books;  they're just not being enforced at the moment.

Fri, 04/24/2015 - 19:24 | 6028150 Kaiser Sousa
Kaiser Sousa's picture

King Dollar!

 

 

 

 

N O T.....

Fri, 04/24/2015 - 19:29 | 6028156 kchrisc
kchrisc's picture

The new "Red Scare."

Liberty is a demand. Tyranny is submission.

 

Could be subtitled: "Where Zion is Losing Sway"

Fri, 04/24/2015 - 19:32 | 6028164 q99x2
q99x2's picture

The NWO is...on the run.

Fri, 04/24/2015 - 19:32 | 6028165 ah-ooog-ah
ah-ooog-ah's picture

where is Blue Pill when you need him...

Fri, 04/24/2015 - 19:36 | 6028173 starman
starman's picture

Dollar is finished chaps! Te IMF will introduce a "new" world currency thus avoiding for the US to look like idiots that ran the system to the ground. 

Fri, 04/24/2015 - 20:37 | 6028307 I need more asshats
I need more asshats's picture

Is the new one named Ultra Coin?

Fri, 04/24/2015 - 21:11 | 6028370 williambanzai7
williambanzai7's picture

No Veritasmaianumadvertismenariumreggieium

Fri, 04/24/2015 - 21:23 | 6028393 I need more asshats
I need more asshats's picture

I thought I could get in now. (UTC/USD) 0.00278916.

Buy the whole fucking company for $5.

My Link'din
"I'm a creative investor seeking distressed assets at greatly discounted valuations. Whatcha got?"

Fri, 04/24/2015 - 22:14 | 6028507 Cityzerosix
Cityzerosix's picture

Great word!

Sat, 04/25/2015 - 01:51 | 6028777 joego1
joego1's picture

 

Can you fit it on a coin?

Sat, 04/25/2015 - 05:55 | 6028890 Monty Burns
Monty Burns's picture

A World Currency will represent a fundamental element of the NWO.

Fri, 04/24/2015 - 19:48 | 6028204 BI2
BI2's picture

It's The American Curse >>> http://wp.me/p4OZ4v-3z

Fri, 04/24/2015 - 20:03 | 6028245 Kirk2NCC1701
Kirk2NCC1701's picture

As more and more countries use the AIIB and similar structures, and have bilateral trade in their own national currencies, the demand for US Dollars, Bonds and Treasuries will keep waning.

That's why USD-denominated Sovereign Debt may matter less and less, as a sovereign's Debt Repudiation leaves them with alternatives outside the USD sphere.

The next POTUS is gonna have to deal with the USD losing its GRC status -- and the consequences will not be pleasant. At the same time the US demographics is such that True Employment is getting worse, as are the number of Boomers retiring (earning less, using less, spending less, expecting more from the system they paid into...). One shudders.

Fri, 04/24/2015 - 20:26 | 6028285 A82EBA
A82EBA's picture

wonder what idiot downvoted you?

Sat, 04/25/2015 - 10:41 | 6029148 Kirk2NCC1701
Kirk2NCC1701's picture

I have a stalker: nailgunnin4you.

Fri, 04/24/2015 - 20:30 | 6028290 Winston Churchill
Winston Churchill's picture

1/1/16 .or WWIII before then Jim.

Fri, 04/24/2015 - 22:48 | 6028566 MEAN BUSINESS
MEAN BUSINESS's picture

Why 1/1/16?

Sat, 04/25/2015 - 06:30 | 6028903 Winston Churchill
Winston Churchill's picture

SDR reforms are going thru' effective that date, whatever Uncle Sam says.

Sat, 04/25/2015 - 13:49 | 6029488 MEAN BUSINESS
MEAN BUSINESS's picture

Thanks, Winston, I've already got 1/1/16 marked in my calendar but must add SDR reform in the note to self. "similar structures" coughUNcough as Kirk said...

Fri, 04/24/2015 - 20:43 | 6028317 Not Too Important
Not Too Important's picture

The next POTUS is going to be up to their eyeballs in Fukushima radiation. That cat'll be well out of the bag by then.

Fri, 04/24/2015 - 21:16 | 6028383 TheAntiProgressive
TheAntiProgressive's picture

How abouts national wage rated tarriffs by country?  No special deals just a flat rate.  Institute a flat tax both corporate and individual and let the tarriffs make up the dif.  Back when the country was founded the .gov was funded entirely with tarriffs.  That also brings jobs home and kills crony trade agreements.

Sat, 04/25/2015 - 05:53 | 6028888 Monty Burns
Monty Burns's picture

" the consequences will not be pleasant"

More humanitarian bombings.

Fri, 04/24/2015 - 20:30 | 6028291 Fukushima Fricassee
Fukushima Fricassee's picture

I saw a full dress military contengent accompanied by what looked like FEMA fuckers taking a management lead tour of costco this morning, what the fuck does that mean?

Fri, 04/24/2015 - 20:41 | 6028315 Not Too Important
Not Too Important's picture

Regional food distribution centers when the lights go out.

The Waltons are the .001%. You know which way they swing.

Sat, 04/25/2015 - 05:52 | 6028887 Monty Burns
Monty Burns's picture

Hopefully they will swing.

Sat, 04/25/2015 - 09:59 | 6029102 DrNybble
DrNybble's picture

Right.
I suppose they all arrived in black helicopters, too.

Sat, 04/25/2015 - 11:41 | 6029258 Fukushima Fricassee
Fukushima Fricassee's picture

Did not see one, I think it was one of them SUV land ships.

Sat, 04/25/2015 - 11:20 | 6029208 TheReplacement
TheReplacement's picture

Pics?  Video?

Sat, 04/25/2015 - 11:41 | 6029255 Fukushima Fricassee
Fukushima Fricassee's picture

No time

Fri, 04/24/2015 - 20:41 | 6028316 Crtrvlt
Crtrvlt's picture

For all the criticism around here of the misallocation of resources due to public malinvestment, there sure is a lot of rooting for yet another publicly funded entity that distorts markets

Fri, 04/24/2015 - 20:46 | 6028327 22winmag
22winmag's picture

Japan?

Fri, 04/24/2015 - 20:52 | 6028337 Cityzerosix
Cityzerosix's picture

A while back a lot of the world was pink; these areas were all pushed around by "Great" Britain.But now we're bloody Red; the Empire must have ended.

Fri, 04/24/2015 - 21:16 | 6028382 silverer
silverer's picture

Red: It's the new green.

Sat, 04/25/2015 - 00:58 | 6028730 Laurent K
Laurent K's picture

To get a better view of the de-dollarization, compare this map of Asian Infrastructure Investment Bank countries with countries already having a swap agreement with China for RMB. Canada (who seems to be important for a lot of American commenters) is already in the list and it is not the only additional countrie.

The big one missing are:

  • The USA
  • Japan
  • Large oil producers such as Saudia Arabia, gulf monarchies and Iran
  • India

Total of these agreements cover 3,143 billions RMB - about 500 billions USD. It's a lot but in the meantime, in 2012, WTO estimates the world mechandize trade amount to 44,710 billions USD and 87% of transactions in Fx in 2013 were in USD.

Conclusion: De-dollarization is far from being done yet but a lot of people and countries are already working on it. USA have clearly lost the confidence of many major players in the world and the rest of the world is building an alternative system leaded by China.

 

Sat, 04/25/2015 - 03:14 | 6028823 Max Steel
Max Steel's picture

wrong both India and S.Arabia are part of AIIB . India is expected to fet Vice President's position in AIIB .

Sat, 04/25/2015 - 08:26 | 6028986 Laurent K
Laurent K's picture

The map I am talking is about swap agreements, not AIIB

Sat, 04/25/2015 - 12:56 | 6029394 besnook
besnook's picture

japan has a swap agreement with china.

Sat, 04/25/2015 - 07:54 | 6028954 piratepiet2
piratepiet2's picture

Not really a de-dollarization chart.  Will that new China-led bank not be capitalized with...dollars ?  ( USD 50 billion if I remember correctly, which is peanuts compared to the USD 3 trillion in US treasuries I read China holds/held )

Sat, 04/25/2015 - 09:11 | 6029052 Gohigher
Gohigher's picture

Please, please don't leave me now..... I'll never do it again ma belle bebe, I promise.

https://www.youtube.com/watch?v=K8flfOeWMPQ

Sat, 04/25/2015 - 10:25 | 6029127 nuke ISIS now
nuke ISIS now's picture

FROM OUR FRIENDS AT STAGECOACH DRIVE [WF SECURITIES] - RE CHINA INTERNATIONAL CURRENCY

https://www08.wellsfargomedia.com/downloads/pdf/com/insights/economics/i...

Mon, 04/27/2015 - 00:52 | 6033121 onmail
onmail's picture

Americans should be contend with a lot many African nations. But hey stop, they are already with the Chinese.
And North Korea is also wrongly shown.

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