This is a map of the nations that have stopped trading in dollars...mostly with China and Russia. It also shows the nations that will stop using it shortly. Before Russia dropped the petrodollar, and after the first two sets of sanctions, Putin warned Washington that Russia's response will be painful. I believe it's being dropped slowly to allow for adjustments and to avoid an economic calamity. The BRIC nations wanted to end the dollar monopoly, as did probably all the nations in the world, but they thought it would take at least ten years They were thrilled when Russia took the political leadership and dropped it. No one else could have really. http://sputniknews.com/infographics/20150430/1021575551.html
I personally think that we asked for this problem by not taking a better look at, and learning from our history. http://www.politicalforum.com/opini...etary-policy-central-american-revolution.html Is it historically accurate that monetary policy was central to American Revolution? America Created It's Own Money In 1750 How Benjamin Franklin Made New England Prosperous By Congressman Charles G. Binderup Copyright © 1941 ……
Interesting article, good read. I'm sorry but the US losing status has nothing to do with Russia and everything to do with our financial instability. Some countries believe a different reserve will be prosperous. If this were to happen US domestic spending and manufacturing would skyrocket, exports would as well, it would definitely be a big hit to the people at first though. As a Libertarian I believe our policies have made this inevitable. Right now we are still the best in the world, but only because a lot of the world is still in financial tatters. There however there are others rising, the world will see an Asian pivot IMO. Wars are going to be interesting
Draco…. do you think that I was largely correct or not to argue that high interest rates are the largest cause of inflation in the Canadian economy? (I have good reason to assume that this is also the case in the U. S. A.)! www.BankingSystemFlaws.blogspot.ca/
Funny, how everyone predicted this would cause the collapse of the dollar and US economy, but actually, one can hardly even notice the difference.
From what I read, China could collapse the US economy overnight, but it would be like a nuclear bomb. Half the world would probably starve and that is not exactly what Russia or China want to do. What they want is to create an alternate economic system which would be more humane, and not be so dependent on wars and genocide for humanity's survival. I mean look at what we're doing? There are two banks that have been created; the BRIC bank and the Asian Development bank that will now take the place of the IMF. The interest rates will be lower, so nations will not end up in a cycle of servitude. The most important thing though is to form an alternate SWIFT system that way nations currencies wouldn't have to be converted into US dollars for transactions. Russia has created a SWIFT for its internal transactions, but a world wide one where nations can enter the system in their own currencies, and exit into the currency of the receiving country is complicated and does take time. Russia has been working on it though. No matter the dollar will lose its value, the only thing is for it not to do so at a fast rate and throw the world into a world wide depression.
Wow!!!!!!!!!!!! It is not all that often that I want to quote an entire post from one thread.......and transplant it into another thread.........… but I do feel that I need to do so with what you write here................ You have raised an astonishingly important issue Jeannette! Wow!!!!!!! http://www.politicalforum.com/showthread.php?t=380595&page=8&p=1065020465#post1065020465
It makes sense that two nations engage in direct exchanges if there is sufficient bilateral demand for their currencies. The same reason that existed for Jesus to throw the money exchangers from the Temple exist today-the currency market is highly manipulated by people skimming off the top no matter which currencies are involved.
I didn't know the exact name. Actually it's called: The Asian Infrastructure Investment Bank. So far it has twenty one founding members and Britain infuriated Washington when it joined. What was interesting was that Russia didn't join immediately, and waited until other European nations did. I think it was planned so as not to put a hindrance on Europe and others from joining. Smart move!
"and that thou shouldest give reward unto thy servants the prophets, and to the saints, and them that fear thy name, small and great; and shouldest destroy them which destroy the earth." (Revelation 11:1 I am of the opinion that ultimately........ it is that same being of light who meets with so many people who have a brush with death and reviews their lives with them........ who is out to destroy the companies that are most guilty of destroying the earth..................… in order to get those companies................ devaluation of the dollar may be the method that the powers that be, (in fifth, sixth, seventh, and eighth dimensional space - time), decide on?????????! http://www.politicalforum.com/polit...-could-utah-state-dollar-save-usa-dollar.html Could a Utah State Dollar save the USA Dollar? Have you seen any of the following films: 1. The Future of Food 2. Food Inc 3. The World According to Monsanto. If so..... then you know that the USA dollar to some degree is linked to and backed up by a plan to control the world's production of food in such a way that could eventually produce global famine. "George Soros says that America must give up the dollar and accept world currency." http://www.examiner.com/article/geo...aggregation&fb_aggregation_id=288381481237582 (If you are curious as to what I mean by fifth, sixth, seventh and eighth dimensional space time..... there are some quotations on String Theory in my blog..... that will help). www.CarbonBias.blogspot.ca/
AboveAlpha gave a logical explanation as to why it was not in China's best interest to collapse the USA dollar......… Actually....... to me this seems like a win - win - win - win scenario for all of us???????? http://www.politicalforum.com/austr...t-about-his-analysis-usa-relations-china.html Is AA correct about his analysis of USA relations with China?
I cannot speak to the intent of the Chinese Communist Party, but the effect is that China is diversifying the currency backing of its debts such that if one currency is struggling, they have both means to profit off that struggle through regular currency markets and work around those currency markets when the particular note is strong in relation to Chinese currency. It is not a bad position for them to be in except to the extent that in the short term that money might be better spent at home than abroad.
China is now Washington's new enemy. They have been added to the Wolfowitz doctrine with Russia, so like Russia, China is fighting for its survival. They have no intention of hurting anyone, only of creating a financial system that will protect them and their trade from the rampages of Washington. There are problems in the South China Seas, which Washington has declared now a matter of its own security...(for who knows what reason). The American ships are being moved into the South Pacific en mass, which is the very thing China has been fearful of. So to free itself from any American embargo on its shipping routes, they are in the process of building high speed trains over land routes. These new routes will be crossing Siberia as well as the Central Asian nations, so while Washington is busy destroying the Middle East, Putin and Xi have been busy making trade deals with one another, and with other nations.
The world would be change, in the past we are direct to the west and later will be to east. beside if the currency for trading changed , it will make us drop because the liqudity of dollars must be slowed. in the future based from my instinct us economy will be collapse. HOW? the world reserve change , dollar in market low demand but high quantity, with the low interest rate in FED people will keep the money then, high inflation make the us economic like a ship between the ocean, rate of unemployment will be increase, and finally economy cycling will stop.
Zimbabwe trusts the mighty dollar! At least the people trust it more than their own failed basket-case currency....The Dollar and the Rand, Pula, Rupee, or Pound Sterling....
Interesting! Do you mean that if the dollar greatly decreased in value they would invest heavily in companies and real estate in America and within a few years or a decade or so they would come out of the problems with a greater percentage of the North American economy under their control? A devalued dollar would make that type of investment less expensive.
The only period in which the purchasing power of a dollar went up was between the Great Depression and WWII because they wre harder to come by in a seized economy. What I mean is that the LIBOR is a rigged system anyway. Let's say that today you can get one dollar for one yuan (it is really worth about 16 cents though); tomorrow you get 90 cents for one yuan and the day after you get $1.10 for one yuan just to illustrate the point, and a side of beef costs a consistent $100.00. If China wants to buy a side of beef to feed people, tomorrow they could us a dollar that they get from US investment to do it and the day after they could use yuan which they get from Chinese investments and today it would make no difference, or if they had a fixed amount to spend on beef, they will get more beef in 2 days than they could get today than they could get tomorrow.
