Russia Is Doing It – Russia Is Actually Abandoning The Dollar

Well you are correct even though the proof is not there still I am terrified of hyperinflation similar to what befell 1914>1924 Germany. Or a worse HI that Hungary experienced from 1945-46 or even the modern era Yugoslavia 1992-94. We all have heard of stories
Where people had to carry money in wheelbarrows or Suitcases for grocery trips. So yes I am worried about the citizenship making a classical run on the banks. (After (they finally discover the USA’s IOUs, i.e. bank notes etc are nearly worthless

I may be wrong and hope I am but many very small investors are expressing concerns. I see a lot of people compared to say 30 years ago buying physical silver gold and other real assets, including myself for fear of a worthless dollar, or a dollar that will become worthless. I don’t think traditional warning signs will express themselves due to government etc hiding or suppressing the ‘evidences’. Anyway I will admit that most of my claims are speculation and I hope I am so wrong! In any case anyone got any silver quarters to sell? I will pay you $ 3.00 for each one! lol and be ripping you off for the tune of .82 cents. A silver quarter not a copper/silver quarter is worth about 3.82 on this fourth of july...THAT should tell you how much the value of our currency has fell!


reva

 

LINK: http://rt.com/business/170408-south-korea-china-yuan/

South Korea and China have agreed to create a market for direct trading of the yuan and won, which is hoped, will help reduce the pressure of the US dollar, as well as cut foreign exchange costs and boost bilateral investment.

The memorandum of understanding (MOU) between China's central bank and the Bank of Korea to create a yuan clearing system was signed during Chinese President Xi Jinping's visit to South Korea on Thursday. The leaders of both countries pledged to sign an agreement by the end of the year.

“Through these measures, exchange between companies and citizens in the two countries will become faster and more free,” the Financial Times quotes South Korean President Park Geun-hye.

The main idea of the agreement is to provide an agent through which financial instruments such as shares, bonds and currencies will be traded. Clearing banks will be capable of making payments in the renminbi within South Korea.

Since 2004 China has been South Korea’s biggest trading partner accounting for a quarter of total exports. The establishment of a won-yuan market may make bilateral trade easier, and reduce the pressure of the US dollar on the Korean currency.

China also provided South Korea with a $12.8 billion quota to invest in national capital markets, the same amount the UK and France have been granted.

A few days earlier the French Central bank also signed and MOU with China to establish a yuan payment system in Paris.

"This MoU is the first step towards the creation of a renminbi clearing and settlement infrastructure in Paris," Banque de France said in a statement.

Earlier this year, China's central bank signed two similar MOUs with Germany and the UK.

In June the British pound became the fifth major currency to be exchangeable directly to renminbi in Shanghai. It is now in line with the Australian and New Zealand dollars, the Japanese yen and the US dollar.

The Chinese currency is now the world’s seventh most used currency for payment.

 

As far as limiting Chinese Imports economically at the moment it is not in our interests but within 2 years it will be.

Energy prices in the U.S. are right now cheaper than anywhere else in the world and U.S. and Canadian energy prices will become and are becoming so attractive to Businesses and Corporations worldwide that many have begun to build factories in the U.S. and Canada so right now there is a massive manufacturing renaissance in the U.S. and Canada and at that point even though the U.S. is still currently the worlds Largest Manufacturing Nation....manufacturing is expected to double and then triple.

At that point companies that set up shop in China and South East Asia will set up here and all the goods that have really zero strategic value for the U.S. such as just about everything sold at a Walmart....will be being made here.

At THAT POINT.....we will begin to limit trade with China not in a way where benchmarks and Political ideology of how much we should or should not import tells us but rather the MARKET AND PRICES tell us.

AboveAlpha

 

This is the way I see it and a lot of people who I work with and those who do the same...JOBS as I do see it.

Nixon going to China had two purposes.

#1. Improve Relations so that China and the CHINA CARD...as it was called back then....would allow us to pressure the Soviet Union from attempting any more land grabs.

#2. Slowly....over many decades...implement a long term plan to change China from a Communist Nation to a Democratic Republic and Capitalist Economy by exposing the Chinese population and youth to Western Ideology through Trade, American Business Models....and K.F.C....LOL!!!

China was our ALLY in WWII....and despite the fact we had to kill much too many Chinese in that idiotic war in Korea...the Chinese have NEVER FORGOTTEN....how our FLYING TIGERS....and Military fought against the most happened Japanese.

The reality is there is a great deal of good that can come and has come from a Chinese/American Trade Alliance and right now China has already told North Korea to knock it off and told North Korea that if they force China to chose between North Korea and the U.S.....China will go with the U.S.

We feel there is absolutely no reason that China and the United States cannot both grow and benefit from trade relations and all that is left and this has been pretty much already done....is to remove the last bastions of Crazy Maoist Ideologues who have almost all died off...and purge them from Chinese Leadership.

China has great potential but I have been to China several times and once you leave the relatively modern and efficient Urban areas and head out to the rural area...you will see poverty on a level that is ridiculous and this is why the Chinese Communist Party attempts to restrict the travel of foreigners.

WAR...is idiocy....and any conflict which China might enter that the U.S. Military would have to involve itself such as in Korea or Japan....for China would be SUICIDE!!!

We feel things are starting to go in the right direction after the idiocy in the years from 1997 to 2008 when Maoist Communists actually planned and intended to implement an Invasion of Taiwan which would have resulted in such a catastrophic defeat of the PLA and PLN that it would have upset world markets for a century!!

Let's all hope cooler heads prevail.

AboveAlpha

 

The Global ‘De-Dollarization’ Trend Accelerates: BRICS Bank To Start Lending Soon, New Development Bank Drafts Approved By Russia, France Calls For ‘Rebalancing’ Of World Currencies…

^^^^^^..... and that's just the headline!

LINK: http://investmentwatchblog.com/the-...y-russia-france-calls-for-rebalancing-of-wor/

 

China is not the "big boy on the bloc" the U.S. purchases and consumes more energy than China. You have not provided a single source for any of your assertions. Let's see your source for your very first assertion that the UAE trades oil in Yuan other than a one time inconsequential deal. The only country that has actually switched from Dollars and Euros is Iran and that is because they had to due to sanctions.

 

The currency wars will continue, and become more intense. I am sure the USA will remain a force to be reckoned with far into the future due to its attempts to transition the worlds forms of tender to a digital currency using smart phones as a format/enabler.

reva.

 

Well, the Federal Election Commission did vote unaimously in May to allow bitcoin for political contributions.

 

There is no Bitcoins anymore..

 

there have been several reserve currencies, from yen, to pound Stirling, to Deutschmarks, and more, since WWII. Being a reserve currency isn't all that important to economic growth. Economic policies in the US are, though.

 

While US growth is negative.

 

Pure FAIL

 

The mass media is only critical to a point in order to create the "necessary illusion" of a free and fair media.

The US media is neither free nor fair.

The Soviets are just more blunt about it.

Right, that's why most of the 911 perpetrators were Saudi and much of Bin Ladin's funding came from Rich Saudi's.

That must also be why it is Saudi Arabia was supporting the Extremist (Al Qaeda backed) rebels in Syria.

 

))))))))))))))))))))

 

Yeah....but what you don't see is the U.S.M.C. SNIPER....who has Putin in the cross hairs of a .50 Caliber M82 or M107 Barrett Rifle!! LOL!!!

Obama is SPOTTING and telling the Marine....OK....wind speed from...22.5 Degrees NNE at 5 kph.....distance...1350 Meters.....LOL!!!!

AboveAlpha...p.s...I hope the Leopard rips out your throat next time!!!

 

This is what China would like us to think, anyway.

Our position with our massive national debt and our huge, needy, greedy population, as well as our exported (thus no longer existent domestically) industrial capacity for all manner of consumer goods, means that we stand to lose the most. What do we export? Corn? Bombs? Sub-par fighter jets?

We're in trouble. China, not so much.

 

God bless capitalism! I just love it when capitalists fight among each other.

 

China has also reportedly been stocking up on gold. They're at least hedging their bets at this point.

 

http://eng.kremlin.ru/news/22667

 

Here are a few things that I hope brighten your day.

#1...By 2025...the United States will be COMPLETELY ENERGY SELF SUFFICIENT.

#2...The U.S. currently is the number #1...Manufacturing Nation on Planet Earth and will be increasing it's gap with China exponentially because of extremely cheap energy costs in the U.S. and Canada as well as both the U.S. and Canada are extremely connected economically as well as extremely connected as both Nations are helping each other become the WORLDS LARGEST ENERGY PRODUCERS AND EXPORTERS IN THE WORLD...a long time after Middle Eastern Oil Fields run dry...why?

#3...In 7 years the United States will be the WORLDS LARGEST EXPORTER OF SHALE OIL ON THE PLANET.

#4...U.S. is already the #1 Exporter of Coal and CHINA is and will continue to be heavily dependent upon U.S. Coal Exports to China.

#5...Canada will soon be the WORLDS LARGEST PRODUCER AND EXPORTER OF SAND TAR OIL.

#6...More Companies from around the world are choosing the United States as the place to setup business and build factories for Manufacturing then 3/4 of all other Nations on earth combined.

#7...The U.S. Military/DOE/Private Contractor Energy R&D Project is whispered to have developed Low Temp.Micro Fusion Reactors.

#8...Toyota sells more cars than ay other car company....MORE TOYOTA'S ARE MADE IN THE U.S. THAN ANYWHERE ELSE COMBINED THUS WE ARE EXPORTING TOYOTA'S TO JAPAN!! LOL!!

#9...The U.S. Military is so far ahead of any other nation....China's own General Chen Bingde stated China is 20 to 50 years behind the U.S. Military....China will not be any threat for the conceivable future.

#10...U.S. Workers are ranked #1 in the WORLD in Productivity.

AboveAlpha

 

I think your head is above the stratosphere, buddy. This sounds like an oil company pitch for getting permission to do fracking.

We're among the most overworked and under-compensated, anyway. Europe is kicking our kiesters there.

 

BRICS establish $100bn bank and currency reserves to cut out Western dominance

Story at link:

http://rt.com/business/173008-brics-bank-currency-pool/

 

You have drawn a very messy picture with really dirty economy. How about global warming?

 

Russia has a serious problem with a decline in population and rampant alcoholism. 50% of it's GDP iis energy based. It's economy is a one trick pony, if that collapses, so does Russia.