This page has been archived and commenting is disabled.

China And Japan Dropping Dollar Cross Rate System, Will Transact Directly

Tyler Durden's picture


While various three letter economic schools of thought continue sprouting left and right, in an attempt to validate endless spending predicated on one simple thing: transitory reserve currency status, and we emphasize transitory, reality moves on, oblivious of what economic theoreticians believe it should be doing. As Yomiuri Shimbun reported last night, China and Japan are set to launch direct currency trading, bypassing the dollar, and the associated benefits and risks, entirely. "But how can that be?" dollar purists will scream. After all, when one bypasses the dollar, one commits blasphemy to a reserve currency. Somehow we think China gets that. From the AP: "Japan and China are expected to start direct trading of their currencies as early as June as part of efforts to boost bilateral trade and investment, according to reports. With the planned step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current "cross rate" system that involves the dollar in setting yen-yuan rates, Kyodo News said on Saturday."

More specifics on how the world's second and third largest economy will just say no to dollar hegemony:

The two governments are eyeing setting up markets in Tokyo and Shanghai, the Yomiuri Shimbun said.


The yen-yuan exchange system would help businesses in the world's second- and third-largest economies reduce risks associated with exchange rate fluctuations in the dollar and cut transaction costs, Kyodo said.


It will be the first time that China has allowed a major currency except the dollar to directly trade with the yuan, Kyodo said.

As usual, why spend time commeting with words, when a simple chart will suffice.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 05/26/2012 - 11:31 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Go home $!

Sat, 05/26/2012 - 11:49 | Link to Comment vmromk
vmromk's picture

Oh, oh Bernank, you just got bitch slapped.

Get ready to launch the swaps bazooka on Tuesday you motherless cowardly piece of human dog shit.

Sat, 05/26/2012 - 12:11 | Link to Comment CrazyCooter
CrazyCooter's picture

Has anyone seen a running list of these agreements, or better yet a graphic? I recall Russia and China already did this. There is the Iranian "anything-but-the-dollar" oil bourse. I have read that a non-SWIFT system is forming.

I am sure there are others because I haven't been keeping count...



EDIT: If y'all wanna crowd source this, fee free to post under with links/citations of non-dollar trade policies between sovereigns.

Sat, 05/26/2012 - 13:05 | Link to Comment markmotive
markmotive's picture

China is dealing with its own domestic crash. Japan won't be selling anything to them after a while...

Sat, 05/26/2012 - 13:30 | Link to Comment Aziz
Aziz's picture

How did the dollar die?

Slowly at first. Then quickly. 

Sat, 05/26/2012 - 13:47 | Link to Comment Abitdodgie
Abitdodgie's picture

"How did the dollar die?" Slowly at first and then painfully slowly

Sat, 05/26/2012 - 14:23 | Link to Comment francis_sawyer
francis_sawyer's picture

Hey! Look over here... Gay marriages!

Sat, 05/26/2012 - 15:37 | Link to Comment Ahmeexnal
Ahmeexnal's picture

You gotta know how to read between the lines. Yes, China-Japan trade dumps the dollar, just as India-China, Russia-China, etc. They now trade DIRECTLY bypassing the dollar. *silence* cricket chirping *silence* Whatever happened to the eurocolonialists pipedream of a european currency as the new reserve currency? Answer: the euro global reserve currency was aborted before it was even born. It died while still a foetus INSIDE the eurozone womb. Germany peddled the euro to Chile, Brazil and other non-euro countries 10 years ago. They were skeptic. They were right to be so. Germany is now again peddling a european based global currency, this time to countries like Haiti, El Salvador, Nicaragua, Bangladesh, "Palestine", Nigeria. They have outright laughed at Merkel's face. Inside rumors describe Bilderberg in PANIC mode.

Sun, 05/27/2012 - 01:27 | Link to Comment Deo vindice
Deo vindice's picture

Any inside rumours from Bilderberg are either:

a) just that - rumours, or

b) deliberately misleading information to create the effect they want.

Sun, 05/27/2012 - 08:20 | Link to Comment lactam
lactam's picture

unless that's what they *WANT* you to think


Sorry, couldn't say that with a straight face

Mon, 05/28/2012 - 00:29 | Link to Comment FEDbuster
FEDbuster's picture

One more straw on the camel's back, crack in the dam, etc....  There are shit clouds in the sky, a shit storm is a coming.

Mon, 05/28/2012 - 12:31 | Link to Comment MichaelNY
MichaelNY's picture

I don't know where you've been, but in many places around this planet it has already been raining shit.

Sun, 05/27/2012 - 07:39 | Link to Comment supermaxedout
supermaxedout's picture

No other country  nor the Eurozone wants to overtake the role the Dollar plays till present.  The way the Dollar executed its power on the smaller currencies of this world was on the other side the reason why the Dollar is now dying. The Dollar was winning till he was dead. (Hat sich totgesiegt.)

Nobody with a clear mind wants to follow such a bad example. Currency exchange rates in the future are going to be established in a very different way as its is done now. Now its done simply by market manipulation  in the US/UK dominated so called finance markets. But these are no markets from the very begining. These so called markets are just a platform to demonstrte to the public, that the rates shown on the boards are derived from a free market, while they were simply set by Wahington via Wallstreet.


Sat, 05/26/2012 - 21:44 | Link to Comment greensnacks
greensnacks's picture

Trevon Martin is a much better distraction that simpletons can be outraged about. Guns, race, youth, violence, community leaders, self defense - it has it all. Now only if George Zimmerman was a gay Catholic, butler,

Sun, 05/27/2012 - 09:05 | Link to Comment Element
Element's picture

And look in France ... a "Friends of Syria" conference ... calling for military intervention!

Sat, 05/26/2012 - 13:38 | Link to Comment flyme
flyme's picture

China is credit swapping with everyone, reconnecting them all into its system. It's just a matter of time, before a full dollar fiat fall. If they continue it won't really matter even if the dollar does a reset.

Sat, 05/26/2012 - 15:29 | Link to Comment Ahmeexnal
Ahmeexnal's picture

NSA is now monitoring anyone who searches/types "Mexico" on the internet.  "John Corzine", "vaporized" and "birth certificate" also on the blacklist.


Revealed: Hundreds of words to avoid using online if you don't want the government spying on you (and they include 'pork', 'cloud' and 'Mexico')





there's someone at the door...brb

Sat, 05/26/2012 - 15:58 | Link to Comment Day_Of_The_Tentacle
Day_Of_The_Tentacle's picture

Conclusion: The entire ZH community is under survaillance then with listed words like Response, Crash, Riot, Wave, Collapse, Exposure, Toxic, Bust, Erosion and China. Oh Haaay DHS ;-)

Sat, 05/26/2012 - 16:33 | Link to Comment azzhatter
azzhatter's picture

I wonder if you use Timmy Geithner and cocksucker in the same sentence gets you spied on? I believe it's his middle name

Sat, 05/26/2012 - 17:56 | Link to Comment OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

There was a storm with snow and ice on my flight from Tucson to Mexico, I could see erosion on the interstate caused by a flood. I thought I might get stranded so I reached out for help at the airport but no luck. There was a telecommunications failure so I couldn't let you guys know. Now there's a big cloud over the facility because of a leak in the roof. They say the waves are still good in Sinaloa and that's the target of my surfing vacation, I hope they don't crest before I arrive. So watch TV in case the authorities have a response, my flight might still get cancelled. Not too smart to travel during a blizzard, I know, good thing I brought some homegrown!

Sun, 05/27/2012 - 13:10 | Link to Comment DanDaley
DanDaley's picture

G-man:  "We knew you were all criminals when you started using words."

Sat, 05/26/2012 - 12:10 | Link to Comment Colombian Gringo
Colombian Gringo's picture

Yep, who needs the stinking dollar when it is controlled by the worlds most evil criminal banksters.

Sat, 05/26/2012 - 15:05 | Link to Comment LeBalance
LeBalance's picture

please discuss how the other currencies fall outside of the force you mention. lol. they do not.

Sat, 05/26/2012 - 15:58 | Link to Comment SilverDosed
SilverDosed's picture

I always thought it was the chinese that taught us how to play the paper ponzi game in the first place?

Sat, 05/26/2012 - 21:45 | Link to Comment Bringin It
Bringin It's picture

Kubla Khan's paper money deal, backed by the invincible [at the time], Mongol army was a lot like our dollar, to wit - "Take this paper as payment or get sliced up."

Sat, 05/26/2012 - 14:03 | Link to Comment vast-dom
vast-dom's picture

i'll trade you 2 cesium sushi rolls for a bottle of human hair derived soy sauce, in either currency, at a later agreed upon time after tomorrow.

Sat, 05/26/2012 - 18:08 | Link to Comment goldfish1
goldfish1's picture

As J. Wellington Wimpy would say, "I'll gladly pay you Tuesday for a hamburger today."


Sat, 05/26/2012 - 18:46 | Link to Comment vast-dom
vast-dom's picture


Sat, 05/26/2012 - 19:06 | Link to Comment vast-dom
vast-dom's picture




Sat, 05/26/2012 - 19:55 | Link to Comment Ahmeexnal
Ahmeexnal's picture

MSM picking up on this latent ELE only means one thing.

It was nice reading y'all while it lasted.

Gotta dig me a nukular shelter skelter.

Sat, 05/26/2012 - 20:51 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

No Western Media organization, including ZH, ever discusses the SCO... If discussion of the SCO and it's goals were discussed this news about Japan and Australia beginning trading in their respective currencies vs the dollar would not come as a surprise to anyone...

Hello ZH!!! Lets talk SCO...

Sat, 05/26/2012 - 11:34 | Link to Comment Pairadimes
Pairadimes's picture

So endeth the Fed's ability to export inflation. BOHICA.

Sat, 05/26/2012 - 11:37 | Link to Comment Sudden Debt
Sudden Debt's picture

Raw materials... As long as those are traded in dollars the house will keep standing.

So if australia for example would start a love affair with china....

Sat, 05/26/2012 - 11:43 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Not likely. But keep your eye on those Tajiks 

Sat, 05/26/2012 - 15:45 | Link to Comment Temporalist
Temporalist's picture

Friday, 23 March 2012

Australia-China currency swap really is a big deal


From the Reserve Bank about 3.20pm, news of the first bilateral currency swap that China has done with an advanced Western country.

Today, the Reserve Bank of Australia signed a bilateral local currency swap agreement with the People’s Bank of China (PBC). The agreement allows for the exchange of local currencies between the two central banks of up to $A30 billion or CNY 200 billion. It is for an initial period of three years and can be activated by either party.

The main purposes of the swap agreement are to support trade and investment between Australia and China, particularly in local-currency terms, and to strengthen bilateral financial co-operation. The agreement reflects the increasing opportunities available to settle trade between the two countries in Chinese renminbi (RMB) and to make RMB-denominated investments. It follows the decision by the Chinese authorities last November to allow convertibility between Australian dollars and Chinese yuan in the interbank market in China.”


Australia and China sign currency swap deal
Posted: 22 March 2012 1528 hrs

"The People's Bank of China has signed currency swap deals with a range of other countries including Turkey, the United Arab Emirates, and Malaysia."

Sat, 05/26/2012 - 18:07 | Link to Comment Ahmeexnal
Ahmeexnal's picture

I sense a huge dislocation in the PM markets at the next open in Asia.

Magic 8-ball responded with NO-BRAINER when I asked if I should stack  some more before that happens.

Sat, 05/26/2012 - 21:17 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Brazil/China are already trading raw materials in their local currencies... as are many other SCO members.

Hello ZH... Let's talk SCO.

We hear enough shit about Greece/Troika/EU/IMF every fucking day. It's tiresome.

Let's talk SCO, that's where the action is moving toward.

Are you guys scared to talk SCO?

Sat, 05/26/2012 - 12:02 | Link to Comment Manthong
Manthong's picture

I wonder what kind of world this would be if JFK had stayed around long enough to defend his silver dollar?

Sat, 05/26/2012 - 13:45 | Link to Comment DosZap
DosZap's picture

I wonder what kind of world this would be if JFK had stayed around long enough to defend his silver dollar?

And his END around the Fed, printing United States Notes.

I personally think that is what got him murdered.

Sat, 05/26/2012 - 13:56 | Link to Comment tmosley
tmosley's picture

Everyone would be dead from being hit by all the magic bullets he kept dodging.

Sat, 05/26/2012 - 12:20 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture



We export government debt and debased currency.

World superpower?   Not much longer.

Sat, 05/26/2012 - 14:05 | Link to Comment Whiner
Whiner's picture

That announcement must a sounded to Bennie and the Jets like the racking of a 12 gauge to a house burglar moving quietly in the dark of night in the home.

Sat, 05/26/2012 - 15:47 | Link to Comment Temporalist
Temporalist's picture

The big export is arms, the biggest in the world for a long time.  Exporting war is good business in the US.

Sat, 05/26/2012 - 11:36 | Link to Comment Sudden Debt
Sudden Debt's picture

Silver and gold will bite the dust.... NOT!!!

Sat, 05/26/2012 - 15:57 | Link to Comment peekcrackers
peekcrackers's picture

“Fiat money has no place to go but gold,”

Alan Greenspan 2010





Sat, 05/26/2012 - 11:36 | Link to Comment veyron
veyron's picture

The only question I have is: why didn't they do this sooner?

Sat, 05/26/2012 - 14:21 | Link to Comment Sudden Debt
Sudden Debt's picture

Why does everybody always say "I'll clean up the garage NEXT week honey!

People are lazy...

At least I am

Sat, 05/26/2012 - 13:52 | Link to Comment TWSceptic
TWSceptic's picture

They just finished reading Peter Schiff's latest book:

Sat, 05/26/2012 - 11:36 | Link to Comment RopeADope
RopeADope's picture

China has more influence on Japan than the US so it makes sense that the yen replaces the dollar as a reserve currency.

Sat, 05/26/2012 - 11:37 | Link to Comment THX 1178
THX 1178's picture

Fukushima might do that idea in.

Sat, 05/26/2012 - 11:45 | Link to Comment RopeADope
RopeADope's picture

Fukushima provided the catalyst for this change. Japan will forge closer economic ties because of China's proximity and economic strength.

Sat, 05/26/2012 - 12:01 | Link to Comment Manthong
Manthong's picture

That logic could apply to Australia, as well.

Sat, 05/26/2012 - 13:02 | Link to Comment THX 1178
THX 1178's picture

I don't think the catalyst for this change came from Fukushima. I think it came from a realization that the USD is in its death throes. Fukushima, according to a number of sources including nuclear scientists domestic and abroad, has the potential to "kill" Japan. Discussions of the evacuation of Tokyo are being tossed around by on-the-level sources. The situation there is more serious than the MSM is letting on. It doesn't seem sensible for anyone-- any nation (US and BRICS included) to use the currency of a dying nation as a reserve currency.

Sat, 05/26/2012 - 13:28 | Link to Comment cossack55
cossack55's picture

Uhh......the list of dying nations grows at an alarming rate. Some are dying from nuclear power, others are dying from atomic nazis.

Sat, 05/26/2012 - 16:02 | Link to Comment Divine Wind
Divine Wind's picture

The situation is far more serious than the MSM is letting on.

3 of the 6 reactors at Fukushima Diachii, and possibly a 2 more at Fukushima Dianii about 8 miles south (shhhhh, it's supposed to be a secret....) are in full meltdown/melt through. They continue to spew radioactive gases and particulate matter in the air to this day. The leaking spent fuel pool at Diachii #4 is ready to collapse. Water being used to cool many of these masses is continually being pumped directly into the Pacific, particularly as they are running out of places to store the contaminated water at the facility. The filtering system they have in operation produces filters so hot they they themselves are a storage nightmare.

In order to dispose of the millions of tons of contaminated earthquake and tsunami debris, the have decided on incineration, with the resulting ashes being dumped into Tokyo Bay. This also re-aerosolizes the radioactive materials which are in turn redeposited on the landscape.

Japan is fucked.

Sat, 05/26/2012 - 17:52 | Link to Comment Hulk
Hulk's picture

I'll take the women. Wonder if they can all fit on 200 acres ???

Sat, 05/26/2012 - 18:08 | Link to Comment Ahmeexnal
Ahmeexnal's picture

at this point in time, I wouldn't touch any of em with mah 10 foot.....pole.

Sat, 05/26/2012 - 12:13 | Link to Comment gdogus erectus
gdogus erectus's picture

Then again, Fuckushima might be one of the reasons for the close ties.  I know of some available cities to evacuate people into...

Sat, 05/26/2012 - 13:19 | Link to Comment THX 1178
THX 1178's picture

Now that's an interesting idea. Japanese folk with engineering, robotics, academic and business skills are more valuable than shabby Chinese former-peasants who moved to cities. At least more valuable in some ways...

Sat, 05/26/2012 - 12:36 | Link to Comment zerozulu
zerozulu's picture

I think its time for US empire to go down. People are just looking for excuses.

Sat, 05/26/2012 - 13:37 | Link to Comment DosZap
DosZap's picture

China has more influence on Japan than the US so it makes sense that the yen replaces the dollar as a reserve currency.

I can dig that, but with the Fukishima disaster still very much alive and well, and maybe even going to get far worse, and Japans GDP to Debt ratio,( over 200%) is nearly double ours, I do not get it.

Sat, 05/26/2012 - 16:13 | Link to Comment Hohum
Hohum's picture


Correction: GDP to public debt.

Sat, 05/26/2012 - 18:17 | Link to Comment tony wilson
tony wilson's picture
China has more influence on Japan than the US so it makes sense that the yen replaces the dollar as a reserve currency : )

really someone should tell these guys.

who runs japan the pentagon or yakuza or both.

List of current facilities

U.S. military bases in Japan

U.S. military facilities in Okinawa

The USFJ headquarters is at Yokota Air Base, about 30 km west of central Tokyo.

The U.S. military installations in Japan and their managing branches are as follows:

(MilDep) USFJ Facilities
Admin Code Name of Installation Primary Purpose
(Actual) Location Air Force FAC 1054 Camp Chitose
(Chitose III, Chitose Administration Annex) Communications Chitose, Hokkaido FAC 2001 Misawa Air Base Air Base Misawa, Aomori FAC 3013 Yokota Air Base Air Base Fussa, Tokyo FAC 3016 Fuchu Communications Station Communications Fuchu, Tokyo FAC 3019 Tama Service Annex
(Tama Hills Recreation Center) Recreation Inagi, Tokyo FAC 3048 Camp Asaka
(South Camp Drake AFN Transmitter Site) Barracks
(Broadcasting) Wako, Saitama FAC 3049 Tokorozawa Communications Station
(Tokorozawa Transmitter Site) Communications Tokorozawa, Saitama FAC 3056 Owada Communication Site Communications Niiza, Saitama FAC 3162 Yugi Communication Site Communications Hachioji, Tokyo FAC 4100 Sofu Communication Site Communications Iwakuni, Yamaguchi FAC 5001 Itazuke Auxiliary Airfield Air Cargo Terminal Hakata-ku, Fukuoka FAC 5073 Sefurisan Liaison Annex
(Seburiyama Communications Station) Communications Kanzaki, Saga FAC 5091 Tsushima Communication Site Communications Tsushima, Nagasaki FAC 6004 Okuma Rest Center Recreation Kunigami, Okinawa FAC 6006 Yaedake Communication Site Communications Motobu, Okinawa FAC 6022 Kadena Ammunition Storage Area Storage Onna, Okinawa FAC 6037 Kadena Air Base Air Base Kadena, Okinawa FAC 6077 Tori Shima Range Training Kumejima, Okinawa FAC 6078 Idesuna Jima Range Training Tonaki, Okinawa FAC 6080 Kume Jima Range Training Kumejima, Okinawa Army FAC 2070 Shariki Communication Site Communications Tsugaru, Aomori FAC 3004 Akasaka Press Center
(Hardy Barracks) Office Minato, Tokyo FAC 3067 Yokohama North Dock Port Facility Yokohama, Kanagawa FAC 3079 Camp Zama Office Zama, Kanagawa FAC 3084 Sagami General Depot Logistics Sagamihara, Kanagawa FAC 3102 Sagamihara Housing Area Housing Sagamihara, Kanagawa FAC 4078 Akizuki Ammunition Depot Storage Etajima, Hiroshima FAC 4083 Kawakami Ammunition Depot Storage Higashihiroshima, Hiroshima FAC 4084 Hiro Ammunition Depot Storage Kure, Hiroshima FAC 4152 Kure Pier No.6 Port Facility Kure, Hiroshima FAC 4611 Haigamine Communication Site Communications Kure, Hiroshima FAC 6007 Gesaji Communication Site Communications Higashi, Okinawa FAC 6036 Torii Communications Station
(Torii Station) Communications Yomitan, Okinawa FAC 6064 Naha Port Port Facility Naha, Okinawa FAC 6076 Army POL Depots Storage Uruma, Okinawa Navy FAC 2006 Hachinohe POL Depot Storage Hachinohe, Aomori FAC 2012 Misawa ATG Range
(R130, Draughon Range) Training Misawa, Aomori FAC 3033 Kisarazu Auxiliary Landing Field Air Facility Kisarazu, Chiba FAC 3066 Negishi Dependent Housing Area
(Naval Housing Annex Negishi) Housing Yokohama, Kanagawa FAC 3083 Naval Air Facility Atsugi Air Facility Ayase, Kanagawa FAC 3087 Ikego Housing Area and Navy Annex Housing Zushi, Kanagawa FAC 3090 Azuma Storage Area Storage Yokosuka, Kanagawa FAC 3096 Kamiseya Communications Station
(Naval Support Facility Kamiseya) Communications
(Housing) Yokohama, Kanagawa FAC 3097 Fukaya Communication Site
(Naval Transmitter Station Totsuka) Communications Yokohama, Kanagawa FAC 3099 United States Fleet Activities Yokosuka Port Facility Yokosuka, Kanagawa FAC 3117 Urago Ammunition Depot Storage Yokosuka, Kanagawa FAC 3144 Tsurumi POL Depot Storage Yokohama, Kanagawa FAC 3181 Iwo Jima Communication Site Communications
(Training) Ogasawara, Tokyo FAC 3185 New Sanno U.S. Forces Center Recreation Minato, Tokyo FAC 5029 United States Fleet Activities Sasebo Port Facility Sasebo, Nagasaki FAC 5030 Sasebo Dry Dock Area Port Facility Sasebo, Nagasaki FAC 5032 Akasaki POL Depot Storage Sasebo, Nagasaki FAC 5033 Sasebo Ammunition Supply Point Storage Sasebo, Nagasaki FAC 5036 Iorizaki POL Depot Storage Sasebo, Nagasaki FAC 5039 Yokose POL Depot Storage Saikai, Nagasaki FAC 5050 Harioshima Ammunition Storage Area Storage Sasebo, Nagasaki FAC 5086 Tategami Basin Port Area Port Facility Sasebo, Nagasaki FAC 5118 Sakibe Navy Annex Hangar Sasebo, Nagasaki FAC 5119 Hario Dependent Housing Area
(Hario Family Housing Area) Housing Sasebo, Nagasaki FAC 6028 Tengan Pier Port Facility Uruma, Okinawa FAC 6032 Camp Shields Barracks Okinawa, Okinawa FAC 6046 Awase Communications Station Communications Okinawa, Okinawa FAC 6048 White Beach Area Port Facility Uruma, Okinawa FAC 6084 Kobi Sho Range Training Ishigaki, Okinawa FAC 6085 Sekibi Sho Range Training Ishigaki, Okinawa FAC 6088 Oki Daito Jima Range Training Kitadaito, Okinawa Marine
FAC 3127 Camp Fuji Barracks Gotenba, Shizuoka FAC 3154 Numazu Training Area Training Numazu, Shizuoka FAC 4092 Marine Corps Air Station Iwakuni Air Station Iwakuni, Yamaguchi FAC 6001 Northern Training Area
(Incl. Camp Gonsalves) Training Kunigami, Okinawa FAC 6005 Ie Jima Auxiliary Airfield Training Ie, Okinawa FAC 6009 Camp Schwab Training Nago, Okinawa FAC 6010 Henoko Ordnance Ammunition Depot Storage Nago, Okinawa FAC 6011 Camp Hansen Training Kin, Okinawa FAC 6019 Kin Red Beach Training Area Training Kin, Okinawa FAC 6020 Kin Blue Beach Training Area Training Kin, Okinawa FAC 6029 Camp Courtney Barracks Uruma, Okinawa FAC 6031 Camp McTureous Barracks Uruma, Okinawa FAC 6043 Camp Kuwae (Camp Lester) Medical Facility Chatan, Okinawa FAC 6044 Camp Zukeran (Camp Foster) Barracks Chatan, Okinawa FAC 6051 Marine Corps Air Station Futenma Air Station Ginowan, Okinawa FAC 6056 Makiminato Service Area (Camp Kinser) Logistics Urasoe, Okinawa FAC 6082 Tsuken Jima Training Area Training Uruma, Okinawa

JSDF-USFJ Joint Use Facilities and Areas

Temporary use facilities and areas are as follows:

USFJ Facilities
Admin Code Name of Installation Primary
Purpose Location FAC 1066 Camp Higashi Chitose (JGSDF) Training Chitose, Hokkaido FAC 1067 Hokkaido Chitose Maneuver Area (JGSDF) Training Chitose, Hokkaido FAC 1068 Chitose Air Base (JASDF) Air Base Chitose, Hokkaido FAC 1069 Betsukai Yausubetsu Large Maneuver Area (JGSDF) Training Betsukai, Hokkaido FAC 1070 Camp Kushiro (JGSDF) Barracks Kushiro, Hokkaido FAC 1071 Camp Shikaoi (JGSDF) Training Shikaoi, Hokkaido FAC 1072 Kamifurano Medium Maneuver Area (JGSDF) Training Kamifurano, Hokkaido FAC 1073 Camp Sapporo (JGSDF) Training Sapporo, Hokkaido FAC 1074 Shikaoi Shikaribetsu Medium Maneuver Area (JGSDF) Training Shikaoi, Hokkaido FAC 1075 Camp Obihiro (JGSDF) Training Obihiro, Hokkaido FAC 1076 Asahikawa Chikabumidai Maneuver Area (JGSDF) Training Asahikawa, Hokkaido FAC 1077 Camp Okadama (JGSDF) Recreation Sapporo, Hokkaido FAC 1078 Nayoro Maneuver Area (JGSDF) Training Nayoro, Hokkaido FAC 1079 Takikawa Maneuver Area (JGSDF) Training Takikawa, Hokkaido FAC 1080 Bihoro Training Area (JGSDF) Training Bihoro, Hokkaido FAC 1081 Kutchan Takamine Maneuver Area (JGSDF) Training Kutchan, Hokkaido FAC 1082 Engaru Maneuver Area (JGSDF) Training Engaru, Hokkaido FAC 2062 Camp Sendai (JGSDF) Training Sendai, Miyagi FAC 2063 Camp Hachinohe (JGSDF) Barracks Hachinohe, Aomori FAC 2064 Iwate Iwatesan Medium Maneuver Area (JGSDF) Training Takizawa, Iwate FAC 2065 Taiwa Ojojihara Large Maneuver Area (JGSDF) Training Taiwa, Miyagi FAC 2066 Kasuminome Airfield (JGSDF) Airfield Sendai, Miyagi FAC 2067 Aomori Kotani Maneuver Area (JGSDF) Training Aomori, Aomori FAC 2068 Hirosaki Maneuver Area (JGSDF) Training Hirosaki, Aomori FAC 2069 Jinmachi Otakane Maneuver Area (JGSDF) Training Murayama, Yamagata FAC 3104 Nagasaka Rifle Range (JGSDF) Training Yokosuka, Kanagawa FAC 3183 Fuji Maneuver Area (JGSDF) Training Fujiyoshida, Yamanashi
Gotenba, Shizuoka FAC 3184 Camp Takigahara (JGSDF) Training Gotenba, Shizuoka FAC 3186 Takada Sekiyama Maneuver Area (JGSDF) Training Joetsu, Niigata FAC 3187 Hyakuri Air Base (JASDF) Air Base Omitama, Ibaraki FAC 3188 Soumagahara Maneuver Area (JGSDF) Training Shinto, Gunma FAC 3189 Camp Asaka (JGSDF) Training Asaka, Saitama FAC 4161 Komatsu Air Base (JASDF) Air Base Komatsu, Ishikawa FAC 4162 1st Service School (JMSDF) Training Etajima, Hiroshima FAC 4163 Haramura Maneuver Area (JGSDF) Training Higashihiroshima, Hiroshima FAC 4164 Imazu Aibano Medium Maneuver Area (JGSDF) Training Takashima, Shiga FAC 4165 Gifu Air Base (JASDF) Recreation Kakamigahara, Gifu FAC 4166 Camp Itami (JGSDF) Training Itami, Hyogo FAC 4167 Nihonbara Medium Maneuver Area (JGSDF) Training Nagi, Okayama FAC 4168 Miho Air Base (JASDF) Air Base Sakaiminato, Tottori FAC 5115 Nyutabaru Air Base (JASDF) Air Base Shintomi, Miyazaki FAC 5117 Sakibe Rifle Range (JMSDF) Training Sasebo, Nagasaki FAC 5120 Hijudai-Jumonjibaru Maneuver Area (JGSDF) Training Yufu, Oita
Beppu, Oita FAC 5121 Tsuiki Air Base (JASDF) Air Base Chikujo, Fukuoka FAC 5122 Omura Air Base (JMSDF) Recreation Omura, Nagasaki FAC 5123 Oyanohara-Kirishima Maneuver Area (JGSDF) Training Yamato, Kumamoto
Ebino, Miyazaki FAC 5124 Camp Kita Kumamoto (JGSDF) Training Kumamoto, Kumamoto FAC 5125 Camp Kengun (JGSDF) Training Kumamoto, Kumamoto FAC 6181 Ukibaru Jima Training Area Training Uruma, Okinawa


Sun, 05/27/2012 - 05:07 | Link to Comment reader2010
reader2010's picture

No facilities around Fuckshima?

Sat, 05/26/2012 - 11:39 | Link to Comment zerozulu
zerozulu's picture

Time has come for the injustice to end and end for ever.

Sat, 05/26/2012 - 12:58 | Link to Comment Overfed
Overfed's picture

Keep dreamin'.

Sat, 05/26/2012 - 15:21 | Link to Comment RafterManFMJ
RafterManFMJ's picture

But first lets have a show! And keep 'em laughing' as you go! Just remember the last laugh is on you...

Sat, 05/26/2012 - 11:41 | Link to Comment falak pema
falak pema's picture

unpeg to the greenback; awesome; if the Japs talk to their traditional enemies of over thousand years, since the Mongol invasion days, it means there is a mean guy meaner than China in the neighbourhood, whose money and big stick stink. Hedge your bets when you are in bed with king kong greenback and it shows signs of Parkinsons. 

Japanese shakes and Chinese brakes, all to get oil from mid-east without US big stick and free their access to true money; whatever that means, cos it doesn't exist today; true money. Tipping point 

One side issue of interest is to see the effect this will have on IMF intervention. Will they take it over along with Eurozone or will they cut off their links and brand it as USD puppet. IMF and any currency change however transitory is vital to the game. Can't burn all your boats right yet. And what does Germany say as it ramps up trade direct to China? Merkel has to find an alternative to Euro zone consumption blues in dire recession and financial attrition. 

Sat, 05/26/2012 - 12:44 | Link to Comment guinea
guinea's picture

There's no other country more similar to China than Japan.  That traditional enemy thing is just hatred from familiarity. 

Sat, 05/26/2012 - 22:33 | Link to Comment Vlad Tepid
Vlad Tepid's picture

Not true on that point.  Korea is much more similar to China that Japan ever was.  Firstly by proximity and the on-again off-again tributary status of Korea's kingdoms to the various Chinese dynasties, and secondly through conscious emulation where Korea borrow the courtly procedures, tax systems, religious and philosophical fads as they passed through (Confucianism, Taoism, Buddhism), the civil examination system, their military structure.  Much of the time they outsourced their foreign policy to China, which is one reason they were caught so flat-footed when imperial rivalry really started heating up in the Far East - China had become an opium junkie and was in no shape to issue directives.  

Japan's connection to China is very much third degree:  either indirect borrowing from Korea or isolated periods of direct exchange on those odd occasions when both China AND Japan mutually felt like dealing.

Incidentially, Japan has used the US as the prime buffer through which to deal with China during the last half century and it appears,with this news, that they may be coming back together for mutually beneficial reasons.  Historians will take note.

Sat, 05/26/2012 - 13:19 | Link to Comment supermaxedout
supermaxedout's picture

Its quite simple. The Eurozones economical well being depends mainly on Germanys export to non Euro countries, first of all China and Russia, India.

So if the Japanese are going to take over the German exports to China/Russia /India because of their fixed rate with the Yuan, then it will take not long the Eurozone is going to do the same. Simply because otherwise no more business with China for the Eurozone. Japan can deliver more or less the same quality products to China as Germany is doing now (thanks to the low Euro(.  The whole time Japan was priced out because of the expensive Yen. This has now an end.

So this time the "Domino Theory" is getting reality. What a nightmare for the US.

Sat, 05/26/2012 - 13:42 | Link to Comment DosZap
DosZap's picture

We leave out the WILD CARD here,RUSSIA.

It has buku's of raw materials, gold, and natural resources( oil/Nat Gas), and nearly ZERO Debt.................

So,I think they are carrying a Huge stick.

 We ignore them at our peril.

Sat, 05/26/2012 - 21:30 | Link to Comment Bolweevil
Bolweevil's picture

Vewy, vewy quiet.

Sat, 05/26/2012 - 22:25 | Link to Comment Vlad Tepid
Vlad Tepid's picture

Interesting points except that Japan and China have not been enemies since the Mongol invasion.  They had a warm (medievally speaking) relationship prior to that and a very close relationship after that through antiquity as two powerful nation states who had been violated and traumatized by the Mongols.

The enmity between them got warmed up when Toyotomi adventured into Korea during the Sengoku Era (as Korea was a tributary state of China) and then later during industrialization when the Japanese realized that the only way to keep themselves from being raped by the British/Americans et al was to join the boy's club and become a rapist oneself - hence the Sino-Japanese War (first) and the beginning of a long road of emnity.

But don't exaggerate it.  You sound like you're reading out of a PRC propaganda playbook.

Sat, 05/26/2012 - 14:22 | Link to Comment Sudden Debt
Sudden Debt's picture

Trading the one doomed currency for another...
China better start importing some brains...

Sat, 05/26/2012 - 11:41 | Link to Comment zorba THE GREEK
zorba THE GREEK's picture

Who knows? Maybe the next world reserve currency will be the Drachma. 


Sat, 05/26/2012 - 12:27 | Link to Comment supermaxedout
supermaxedout's picture

Better call the new reserve currency     "Drallar".

That makes perfect sense very soon maybe.


Sat, 05/26/2012 - 16:04 | Link to Comment peekcrackers
peekcrackers's picture

Coinage Act of 1792, which adopted the dollar as our unit of account and defined it as 416 grains of standard, or 371 ¼ grains of pure, silver and established the constitutionality of a monetary role for gold (and which, not incidentally, prescribed the death penalty for anyone who would knowingly debase that dollar).


Sun, 05/27/2012 - 08:42 | Link to Comment Kobe Beef
Kobe Beef's picture

I, personally, would love to see some enforcement on this particular issue.

Sat, 05/26/2012 - 11:42 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Bullish news for gold as currency wars heat up some more. When you don't know who will win, when and at what cost, then the only winning bet is gold. 

Sat, 05/26/2012 - 11:45 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

Obama says, "You can't do thaaaat!"

China and Japan say, "What do you think you're playing with? Kids?"  "Bite Me!"

Cha Chink...........


Sat, 05/26/2012 - 11:53 | Link to Comment TonyCoitus
TonyCoitus's picture

Thread hijack.

Did anyone else read the Bloomberg article about debt sharing between Euro countries using Euro bonds backed by a gold standard?

Sat, 05/26/2012 - 12:12 | Link to Comment supermaxedout
supermaxedout's picture

Wurlitzer smoke and mirrors

Tue, 05/29/2012 - 05:48 | Link to Comment supermaxedout
supermaxedout's picture

Its a good threat.

I revised my opinion, while reading the article behind the thread a second time.

I found the original thread dated from November 9, 2011.

It came to my mind that there might be a connection with this publication and the dive gold took (or better stabiilzed and did not further rise). Look at the chart:

The Central banks are loading up on gold!!.. The most elegant way to get rid of a huge part of the nations debt is to let the gold price rise significantly in order to exterminate the debts at least for a huge part.  Italy has a lot of debt but also a lot of gold. The same accounts for Germany and France.


Sat, 05/26/2012 - 11:47 | Link to Comment orangegeek
orangegeek's picture

Trading currencies between two nations - one nation with a 2.3 debt to GDP ratio and the other  - a communist nation - communist nations are well known for their "reliable reporting".


This should be interesting to watch.

Sat, 05/26/2012 - 14:48 | Link to Comment FinalCollapse
FinalCollapse's picture

Reliable in USA?

Sat, 05/26/2012 - 15:13 | Link to Comment post turtle saver
post turtle saver's picture

Oh give it a rest already... anyone who compares US transparency to Chinese transparency and concludes they're roughly equal is being intentionally ridiculous. Even with everything that goes on in the US you are way better off from an accounting perspective there than you are in China.

Sat, 05/26/2012 - 15:26 | Link to Comment RafterManFMJ
RafterManFMJ's picture

I agree. I listen to the Chinese and think perhaps they will slip up and inadvertently reveal some true information, while I know they US machine supplies 100% pure unadulterated BS all the time.

Sat, 05/26/2012 - 15:58 | Link to Comment Temporalist
Temporalist's picture

I think the US and China problems are similar.  The people running things are incompetent; usually privelged people; getting jobs via nepotism, connections or wealth; who have learned to steal and bribe and feel entitled to their positions and fortunes; who lie and manipulate data and news for their own gain and to pacify the masses who they foster and grow for the purpose of "growth" and gdp (whatever that is) to ultimately benefit themselves and their dynasties.

Sat, 05/26/2012 - 11:50 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture



This is just the beginning. 

Entire asian continent is slowly moving away from the dollar.

Sat, 05/26/2012 - 12:16 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

@cranky-old-geezer: Based on your avatar, I'm sure you spend much more time on sites other than ZH............

Sat, 05/26/2012 - 21:49 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture



No, actually not.  I spend 90% of my internet time here.

...and this place could use a few ...pleasing... avatars amid solving the world's problems like we do ...ok, at least analyzing them.

Sun, 05/27/2012 - 13:28 | Link to Comment DanDaley
DanDaley's picture

c-o-geezer - It's avatars like yours that keep old men young -plus I agree with your Asian/currency assessment.

Sat, 05/26/2012 - 11:51 | Link to Comment Vince Clortho
Vince Clortho's picture

Bullish for Stocks, Bonds, PMs.  The Grand Wurlitzer will digest this and spit out rainbows of skittles!  CNBC will be in a continuous orgasm for the next 3 business days.  This is a giant stepl in bolstering the great economic recovery set in motion by Bernanke, who is rumored to have whispered "QE" while taking a shower.

A new golden age is dawning.  Free Unicorns and iPads for everyone!


Sat, 05/26/2012 - 16:43 | Link to Comment azzhatter
azzhatter's picture

Ben is more likely to be receiving a golden shower

Sat, 05/26/2012 - 11:55 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Ahhh sooo...Fuck You Round Eye banksta!

So Sorry.

Sat, 05/26/2012 - 12:05 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Hey Bob, what every happened to that "strong doelarr" policy of yours? LOL...


Sat, 05/26/2012 - 13:09 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

It seems to be missing. It must be with my long-gone credibility and once-unbesmirched reputation...

While I've got you: do you know where I can get some smirch remover?

Sat, 05/26/2012 - 11:59 | Link to Comment Joe The Plumber
Joe The Plumber's picture

It took only 40 years for the usa to squander the privilege of being the reserve currency

Oh well. Nothing lasts forever. I will tell my kids about what it was like to come of age in the eighties and have an effortless career in the nineties when money was infinite and every want was satisfied for everyone

Free lunch for all

Sat, 05/26/2012 - 12:02 | Link to Comment Joe The Plumber
Joe The Plumber's picture

My biggest concern pre 9 11 was whether or not I should put more mOney in REIT mutual funds or the S and P 500, and Janus funds were ordained by the gods themselves

Sat, 05/26/2012 - 13:47 | Link to Comment All Out Of Bubblegum
All Out Of Bubblegum's picture

"Grandpa, tell us again what it was like getting all the Coke you wanted for a dollar."

Sat, 05/26/2012 - 12:00 | Link to Comment JackT
JackT's picture

Makes sense. They are going to have to protect themselves. The Chinese are landing hard and the Japanese are running out of options. Would seem to lead to more flight to the dollar.

My question is, who is the US going to export to after its USD turns into the Incredible Hulk?

Sat, 05/26/2012 - 12:03 | Link to Comment Joe The Plumber
Joe The Plumber's picture

We gonna qe our way to a competitive currency. Briefly we will have a free lunch again at the expense of the rest of the world

Sat, 05/26/2012 - 12:31 | Link to Comment JackT
JackT's picture

I would tend to agree. There will be much demand for the "Safe" USD. QE-mcTwisting kicks in inflating assets even higher. Then the US's turn at the revolver.

Where are the Arab countries in all of this - especially with oil being priced in dollars?

Sat, 05/26/2012 - 12:45 | Link to Comment supermaxedout
supermaxedout's picture

Are you kidding.

US troops are in Saudi Arabia and every other place that has oil, except Iran. So what do you expect they will do. They cant do anything about it. They have to accept Dollars even its just worth a shit, otherwise .......

Sat, 05/26/2012 - 13:00 | Link to Comment dracos_ghost
dracos_ghost's picture

Makes sense. They are going to have to protect themselves. The Chinese are landing hard and the Japanese are running out of options. Would seem to lead to more flight to the dollar.

My question is, who is the US going to export to after its USD turns into the Incredible Hulk?


The US will export to itself since we don't make anything anymore. Jobs will literally disappear as a stronger dollar buys more offshore labor. Only upside would probably be real estate.

Sat, 05/26/2012 - 14:38 | Link to Comment The Credible Hulk
The Credible Hulk's picture

"My question is, who is the US going to export to after its USD turns into the Incredible Hulk?"


Say what?

Sat, 05/26/2012 - 14:51 | Link to Comment FinalCollapse
FinalCollapse's picture

Well - Greenspan plus Bernanki did it. What a dynamic duo...

Sat, 05/26/2012 - 12:04 | Link to Comment colddirt
colddirt's picture

Bernanke - "bummer............."

Sat, 05/26/2012 - 12:05 | Link to Comment Oldrepublic
Oldrepublic's picture

excellent interview regarding how the world will probably get a new world gold standard

Sat, 05/26/2012 - 12:17 | Link to Comment luckylogger
luckylogger's picture

Actually this could be a boon to traders .... if we can trade it on the same playing feild. Just saying that you need 3 currency pairs to make them honest..... If they try to do it with two then there should be some good arb opportunities.............Be interesting to see how it works out and if we can get a peice of the action..... lol.

Sat, 05/26/2012 - 12:42 | Link to Comment pcrs
pcrs's picture

What does it mean 'China' and 'Japan' will? Is it their governments? Their central banks? Did all currency traders simultaneously come to a similar decision?

Sat, 05/26/2012 - 12:57 | Link to Comment supermaxedout
supermaxedout's picture

Currency traders?

This profession is going to disappear like a fart in the storm. Ha,Ha Who needs them any longer once the exchange rates are fixed and nobody can trade in Renmimbi in the western world.

Now the Japanese can not anymore get hit by the USA Dollar shitstorm. Poor Euroland they will soon wading knee high in Bernank shit Dollars.  This is going on till Euroland is forced to do exactly the same like the Japanese did. There is no other way, the US Dollar is so rotten it kills each and every economy it deals with in the longer run. Simply to much fraud and inflation comes along with the US Dollar.

Sat, 05/26/2012 - 12:46 | Link to Comment ISEEIT
ISEEIT's picture

Funny. I was trying to explain to my oldest son last night that one primary (perhaps the primary?) reason that the fedtards have not already launched an open 3rd Qe is because of the threat of Japan electing to quit the game.

His response? "Well, I really doubt they would do that"

Took all of one day.

Sat, 05/26/2012 - 16:09 | Link to Comment tekhneek
tekhneek's picture

Buy that kid an iPad and point him to All this QE banter is bad for his critical thinking.

/sarc off

Sat, 05/26/2012 - 12:54 | Link to Comment Hulk
Hulk's picture

I want my mommy !!! but I'll settle for gold...

Sat, 05/26/2012 - 13:02 | Link to Comment ivars
ivars's picture

Why QE3 may be started next week and announced after poor May jobs report. (as USDx goes above 88 on June 14th, 2012):

Sat, 05/26/2012 - 13:09 | Link to Comment ZeroPoint
ZeroPoint's picture

Pretty soon only fools will own dollars.

Sat, 05/26/2012 - 22:36 | Link to Comment Vlad Tepid
Vlad Tepid's picture

I think we're already at that point...

Sat, 05/26/2012 - 13:21 | Link to Comment uno
uno's picture

road to hyperinflation, first currency rejected abroad, then at home.  

Sat, 05/26/2012 - 14:35 | Link to Comment pcrs
pcrs's picture

Just like the wars and the drones, they start abroad and come back home.

Julius Caesar first raided Galle and the germanic tribes before the civil war started and the republic changed to an empire.

Sat, 05/26/2012 - 13:23 | Link to Comment Atomizer
Atomizer's picture

All Silk Roads come to an End


Just look around. Our weekly Government reports have become nothing more than a prescheduled comedic relief event. 

This system thinking has been going on for some time. Thought it was time to share.

What is Systems Thinking? 

The poor mouth breathing bastards have no idea of their future, unfortunately they will discover in time. As growth continues to stall, the very purpose in contributing to society becomes a MA death cross.

The Limits to Growth- is the prediction of 1972 going to happen? 

I’ll leave it at that. You can figure out the rest of the story or bury your head in the sand.

Sat, 05/26/2012 - 13:29 | Link to Comment Winston Churchill
Winston Churchill's picture

That's it then.

It will be war against China and Japan by attacking their oils source(Iran).

Tick tock,tick tock..........

Sat, 05/26/2012 - 13:29 | Link to Comment AnAnonymous
AnAnonymous's picture

Or the acknowledgement of the USD domination.

Vital goods, non vital goods. Heaps of vital goods demand USD to be bought. No other way.

Now, just thinking, what if the doors to acquire USD are slowly closing on you?

Would you not try to spare the USD you can get by trading non vital goods in something else than USD?
To spare them to buy those vital goods.

So yup, the end of the USD as a reserve currency can look as the strengthening of USD as the world reserve currency.

The USD to buy everything you might want and need and the rest to buy stuff you dont need vitally.

Sat, 05/26/2012 - 13:30 | Link to Comment PaperBear
PaperBear's picture

What I want to know is how many American dollars are all of these nations dropping for their bilateral trade ?

Sat, 05/26/2012 - 13:49 | Link to Comment DosZap
DosZap's picture

What I want to know is how many American dollars are all of these nations dropping for their bilateral trade ?,

And where are they going, well over two thirds of printed USD's are not in the USA.

When those puppies start coming home to roost, you'd best be WELL away from them.

Sat, 05/26/2012 - 13:50 | Link to Comment Non Passaran
Non Passaran's picture

All of those 2 nations are dropping about $155.12 

Sat, 05/26/2012 - 22:38 | Link to Comment Vlad Tepid
Vlad Tepid's picture

Step One - Look at how much bilateral trade is conducted between the two.

Step Two - Add both figures together in dollars.

Step Three - Look at your answer in satisfaction.

Sat, 05/26/2012 - 13:37 | Link to Comment blue
blue's picture

So what do they do with the billions of treasuries?,geitner told them to do it

Sat, 05/26/2012 - 13:41 | Link to Comment q99x2
q99x2's picture

If you can't replace the middleman with a computer then replace him with one of your own. Bitcoin everything. Fuck the banks.

Sat, 05/26/2012 - 13:43 | Link to Comment supermaxedout
supermaxedout's picture

Euroland is following soon, if the US can not stop the Japanese/Chinese currency deal.

Simple for the reason, that otherwise Eurolands exports to China would be then taken over to a great extend by Japan.

Japanese goods would be suddenly cheaper in China compared to Eurolands goods. So Euroland will soon beg China to establish a similar deal for them. The US market is by then anyhow not anymore of great interest because its economy is bound to break down caused by hyperinflation.  The US will drown in its Dollars.

Sat, 05/26/2012 - 14:06 | Link to Comment magpie
magpie's picture

I've changed my opinion on this admittedly over several years. The FED ponzi scheme isn't going down that fast as there still are some others left to cannibalize like the UK, Canada, all of the Petrodollar Kingdoms etc.

Still, could be wrong but i was thinking about the British Empire which was slowly hobbled by the interempire debt after both World Wars. Sort of like the Target 2 balance at the ECB...

Sat, 05/26/2012 - 13:44 | Link to Comment pissing_excellence
pissing_excellence's picture

Looks like Duke Togo has been active last week clearing up any obstacles, Beirut Rules, bitchez

Enjoy the weekend, It will be opening time down on fascination street soon enough.

Sat, 05/26/2012 - 14:42 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

i'm sure andyW had a prominent seat at that table!

Sat, 05/26/2012 - 14:47 | Link to Comment I am Jobe
I am Jobe's picture

Amerikans are waiting for the waffle iron sale for Black Friday. Nuf said. This will be huge for retailers and the economy on the whole.

Sat, 05/26/2012 - 14:53 | Link to Comment FieldingMellish
FieldingMellish's picture

The end will come when the dollar/yen cross trades through the yuan.

Sat, 05/26/2012 - 15:15 | Link to Comment Yen Cross
Yen Cross's picture

 I wonder when South Korea will catch on? The only thing binding Asia, from a U.S. standpoint is " Aircraft Carriers".

   Not trying to beat a dead cat! Japan is the second largest holder of U.S. treasuries after China. Just under $1 Trillion.

Sat, 05/26/2012 - 15:11 | Link to Comment Shibumi2
Shibumi2's picture

What does one do with this information?


Presumably, gold and silver bullish vis a vis dollar, but I don't believe that ANY movement of gold/dollar exchange rates has an effect on one's wealth.


If the dollar loses reserve status, it means the end of the american way of life, as rumsfeld said. In other words, the death of the middle class.


I choose not to invest in china. Or europe. So, the collapse of the dollar reserve status. What is the play?

Sat, 05/26/2012 - 15:21 | Link to Comment Yen Cross
Yen Cross's picture

 Trade smalls to stay sharp, until the cannon fodder from the elections and tax laws are sorted in January 2013. Implied volatility (VIX) can be your friend if you are on the right side of it!

 The markets have pretty much erased their gains over the last four weeks. I suspect the trading community will be looking to do that (2) / (20) thing Tyler mentioned yesterday.

Sat, 05/26/2012 - 15:19 | Link to Comment gun4A
gun4A's picture

Zis iz an act of a war. Zey want zis war and zey will get it. Ze mighty dollar forewa!

Sat, 05/26/2012 - 15:35 | Link to Comment Timmay
Timmay's picture

This is not hard. China has empty cities, Japan needs to relocate its' citizens. Win-Win.

Sat, 05/26/2012 - 16:50 | Link to Comment azzhatter
azzhatter's picture

Japan has approx 125 million people, China has approx 65 million empty residences. Perfect fit

Sat, 05/26/2012 - 16:58 | Link to Comment Timmay
Timmay's picture

Young, educated and with money. There, fixed it.

Sat, 05/26/2012 - 15:43 | Link to Comment earleflorida
earleflorida's picture

Japan is in survival mode, period! China is well aware that Japan's manufacturing, and high tech industry are solely reliant on China's ~ 91% monopoly of REE's & Rare Earth Metals. It's kiss and make-up time, or watch your country become a "Penny Arcadia"?   jmo

thankyou tyler

Sat, 05/26/2012 - 15:51 | Link to Comment debtor of last ...
debtor of last resort's picture

To become the new world currency you need some backing by gold, and some support from the REGION.

Sat, 05/26/2012 - 15:56 | Link to Comment ZeroAvatar
ZeroAvatar's picture

One thing is for sure, there can be little doubt that there is a coordinated effort by China to reduce the dollar's hegemony.

Sat, 05/26/2012 - 16:04 | Link to Comment anonnn
anonnn's picture

The US as a [self-delusional] parent allowed and even encouraged Japan to construct nuclear power industry under coercice pressures, political and corporate. They gambled and lost more than they anticipated. hey were fooled, bigtime.

Japan can no longer goalong/wink-wink with the charade of dependancy on Daddy Warbucks.

Japan will now act more openly in its own interests. They have more plutonium  in-hand than needed to handle any overt threats from anyone. Their plan all along, but they misestimated consequences [Fukushima and other sites]. They snooze with one eye open, like all good dragons and bad dragons. They  are awake now.

Sat, 05/26/2012 - 16:14 | Link to Comment tekhneek
tekhneek's picture

PM stackers beware here. It could cause another pointless flight to USD.

Don't think China isn't shorting PM's with USD "reserves" and not reporting it. After all the super dollar's already starting to fuck shit up.

Watch out for fresh lows. I know summer's typically new highs, but things smells fishy right about now.

Sat, 05/26/2012 - 17:25 | Link to Comment FieldingMellish
FieldingMellish's picture

According to the COT the cartel have swung from short to long. I suspect the paper pushers will want to push the prices of the shiny higher from here.

Sat, 05/26/2012 - 18:35 | Link to Comment dognamedabu
dognamedabu's picture

This is huge news that should be forwarded to every cell phone on the planet. I know we here at ZH are keeping ahead of the curve but come on.. Go shopping at Walmart.. Look at fat ass in front of you. Think they even are close to comprehending what is about to happen to their sorry ass? No.. If you were to talk with them they'd be all like about some TV show, or global warming or some other crap they've been fed. I suppose that is why they have such a fat ass.

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