Russia Is Doing It – Russia Is Actually Abandoning The Dollar

Only on a national basis. Many countries have no gold holdings what so ever. It is all about keeping emerging markets (third world countries)subservient to the USD (Petrol dollar) system. Are you suggesting that only the top 10 countries should have currencies? Countries gold holdings are tracked by what is submitted to the IMF. Countries like China havent reported their holding for decades and is highly doubtful that they ever reported an actual amount. China has been accumulating gold for centuries and I read a report that a man who had claimed to see their holdings state that theeir physical gold holding went further than his eye could see.

 

No, I'm not suggesting that only the top 10 countries should have currencies. I'm suggesting that gold and silver have all the attributes that make a good money, and that given the fact that they have been used as money for thousands of years, I assert that they could be used as money in the future.

 

Gold is the only real money. Currencies are debt. Banks create loans first, then create deposits out of those loans (debt).
House Committee on Banking and Currency, the Chairman of the Federal Reserve (Mariner S. Eccles) said:

"That is what our money system is. If there were no debts in our money system, there wouldn’t be any money."
The only way gold will ever tied to a currency again is if the 1% of the 1% fail and the system that we currently have completely collapses.
JP Morgan: “Gold is money, everything else is credit”

 

Yes...it's acurate.

The F-35 still has some problems but then again so did the F-15.

Little known fact.....when the Shah of Iran went to see performances of the F-14's vs. the F-15's the F-15's were having problems so the Shah only saw the F-14 Demonstration but the F-14's demonstrated amazing flight charachteristics with their swing wing ability and the Shah was so impressed he ordered the F-14's.

Although the F-14's existed for many years as a part of U.S. Nuclear Carrier Wings if the Shah had waited a bit longer for the MD to work out their issues with the F-15's the Shah would have bought a better aircraft that had less issues and was cheaper to maintain.

Anytime the United State Contractors build a Next Gen Aircraft and the F-22 and F-35 JUMPED from the Teen Series Gen 3 all the way to Gen 5 skipping Gen 4.

The Typhoon Eurofighter is a Gen 4.

When you skip an entire Generation of Aircraft there is BOUND to be problems as you are working with new technologies.

But I am fairly certain these issues will soon be worked out and the capabilities of the F-35 make it worth the wait.

The United States will not be building F-22's in large numbers not just because of the huge costs of this Gen 5 Stealth Aircraft but because the USAF and USN. are already flying and testing Self Autonomous Robotic Fighter Attack Aircraft.

Check out the X-47B.....which has already taken off and landed on U.S. Navy Carriers.

A HUGE amount of weight, space and cost goes into an aircraft to keep the pilot ALIVE.

Without a Pilot we are designing and in some cases already flying Self Autonomous Robotic Fighter Attack Aircraft that can manuever so quickly that such turns would KILL a pilot and as well they can carry a greater ratio of fuel to mass of the aircraft allowing some to stay aloft for 24 hours or more as well as carry more weapons and bombs and have much better Stealth Characteristics.

AboveAlpha

 

Well, on one hand robotic aircraft are the future and far superior to what we have now. But, on the other hand that's more humans replaced by technology.

Sure we won't be in danger of having one of our pilots captured by the enemy, and these days our enemies are likely to torch them... But, that's just another step towards replacing humans in the workplace in a world that's not equipped or ready to support the upcoming human obsolescence problem.

 

Dr. Craig Roberts was the economic advisor to Pres. Reagan. He helped us out of a long recession and threw us into two decades of unprecedented prosperity. Roberts sincerely believes that Russia should do everything it can to stop the Washington neo cons and liberal interventionists to prevent a world war... even if it means destroying the world economy to avoid it.

I think Russia though is biding its time, and wants to make sure their alternative economic system is in place...especially a substitute for the SWIFT.

 

This is true.

I will become a problem.

AboveAlpha

 

I agree that gold makes a good money, but silver also has the same attributes that make a good money.

 

Russia is biding it's time?

No...I think not.

Let's look at the facts.

When your nations own currency...the Ruble has been rendered worthless causing the Wold Bank and IMF to designate the U.S. Dollar as the now current Defacto Russian Currency....your Nation and it's Economy are in deep trouble!!!

Why do you think Putin has escallated fighting in the Ukraine?

He is lashing out in an attempt to both tale the Russian Peoples minds of their current Colapsed Economy as well as to attempt to frighten other European Nations in a manner Putin hopes will allow him to get his way.

Well...this is not going to work for Putin or for Russia.

AboveAlpha

 

I so thank you for giving me such phenomenal information to work with.

I had already made several posts on the Liberal Party discussion forum about my basic support for the F-35. Now I will be able to get a really interesting kerfuffle going!

As you can guess.... you have again been quoted in full to........


http://www.politicalforum.com/showthread.php?t=380300&page=6&p=1064743474#post1064743474

Is this analysis of the F-35 accurate? (page 6)

 

Yes gold and silver are the only real money. Currencies are basically IOU's.

 

You know.....this Threads Topic has been up for awhile and just NOW I read the Topics name and couldn't stop laughing!!

The Threads Topics name is......Russia Is Doing It – Russia Is Actually Abandoning The Dollar!

But now that the Russian Economy has completely collpased and the Ruble has been rendered almost valuelss the NAME of this Threads Topic should actually be........PUTIN IS DOING IT!! -- RUSSIA IS ACTUALLY ABANDONING THE RUBLE!

LOL!!!

AboveAlpha

.....

 

You might want to catch up on what is really going on globally. They dont care what the ruble is pegged to the dollar. They arent using it. Again, it would be equivalent to me caring what the street price of crack is. It doesnt effect me in the least.
http://thebricspost.com/chinas-xinjiang-russia-trade-rose-374-in-2014/#.VOHw_y6_SSo
http://thebricspost.com/putin-visit-seen-as-boost-to-egypts-economy/#.VOHx5C6_SSo
http://thebricspost.com/russia-cyprus-eye-military-agreement-renewal/#.VOHyCS6_SSo

 

Weren't you just telling me a few days ago that gold could not be used as money????

 

No, physical gold can not be used as a reserve currency for global trade. I have repeatedly explained this to you.
Look what happens to a country(banking sector) when they try. As I have told you the 1% of the 1%ers will not allow it.

http://www.reuters.com/article/2013/02/15/us-iran-turkey-sanctions-idUSBRE91E0IN20130215
"A provision of U.S. sanctions, made law last summer and implemented from February 6, effectively tightens control on sales of precious metals to Iran and prevents Halkbank from processing oil payments by other countries back to Tehran, bankers said.

"Halkbank can only accept payments for Turkish oil and gas purchases and Iran is only allowed to buy food, medicine and industrial products with that money," one senior Turkish banker told Reuters.

"The gas for gold trade is very difficult after the second round of sanctions. Iranians cannot just withdraw the cash and buy whatever they want. They have to prove what they are buying ... so gold exports will definitely fall," he said.

Trade in Turkish gold bars to Iran via Dubai was already drying up as banks and dealers declined to buy the bullion to avoid sanctions risks associated with the trade.

Reuters first reported the boom in Turkish gold sales to Iran via Dubai last year.

Turkish Economy Minister Zafer Cağlayan signaled a decline in the trade last week when he said that, while Turkey would not be swayed by U.S. pressure to halt gold exports to Iran, Tehran's demand for the metal was expected to fall.

"You could say that the United States has achieved its aim," said a western diplomat. "If Turkey is going to continue energy imports from Iran, there is no other way to go than trading sanction-free goods."

 

Okay, then I agree with you that gold/silver could be used as money.

 

Perhaps this will help as stated in a memo from Sidney Weintraub, Deputy Assistant Secretary of State for International Finance and Development, to Paul Volcker. Unless the current system collapses it will not be permitted to act as a currency.
" U.S. objectives for world monetary system—a durable, stable system, with the SDR [ZH: or USD] as a strong reserve asset at its center — are incompatible with a continued important role for gold as a reserve asset.... It is the U.S. concern that any substantial increase now in the price at which official gold transactions are made would strengthen the position of gold in the system, and cripple the SDR [ZH: or USD].

In other words: gold can not be allowed to dominated a "durable, stable system", and a rising gold price would cripple the reserve currency du jour: well known by most, but always better to see it admitted in official Top Secret correspondence.

We continue:

To encourage and facilitate the eventual demonetization of gold, our position is to keep the present gold price, maintain the present Bretton Woods agreement ban against official gold purchases at above the official price and encourage the gradual disposition of monetary gold through sales in the private market. An alternative route to demonetization could involve a substitution of SDRs for gold with the IMF, with the latter selling the gold gradually on the private market, and allocating the profits on such sales either to the original gold holders, or by other agreement.... Any redefinition of the role of gold must be based on the principle stated above: that SDR must become the center of the system and that there can be no question of introducing a new form of gold– paper and gold–metal bimetallism, in which the SDR and gold would be in competition.

 

Help to do what?

 

Escape from Narnia. What you are suggesting is not possible as our global economies are much to intertwined to make transporting metals as a trade mechanism back and forth from country to country. It does not appear that you are advanced enough to understand this despite my repeated explanations. Get back to me when you are ready for an educated conversation.

 

You said earlier that gold and silver are the only real money. Now you're saying that gold and silver can't be used as money. Which is it?

 

Until you are able to differentiate between "real money" and currencies you will not be able to grasp this issue despite my efforts. .
SHHUUUUU.

 

Are you suggesting that metal can't be transported between countries but that paper dollars can be?

 

You're saying that money can't be used as a medium of exchange? That's preposterous. Acting as a medium of exchange is one of the primary uses of money.

 

Please provide the post number or a copy paste or I will dismiss your "claim" as a juvenile attempt to back pedal when caught in a lie. Thanks.

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Do you really think that paper dollars are exchanged in trade between countries?

 

I'm asking you. Are you saying that gold and silver (money, you claim) cannot be used as a medium of exchange (currency)?

I'm saying that your argument against using gold as currency (transportation issues) applies equally to paper dollars and would be solved in exactly the same way as it has been solved for paper dollars.