Word Prepares To Dump The Dollar

[Truthed]

What do China, India, Brazil, Russia, France and Germany have in common? These countries most often can’t agree on anything. But they are united in one strange—and ominous—way. They blame the United States for wrecking the global economy. And they think the dollar is the wrecking ball. One rock-solid, foundational belief underpins almost all economic theory in America: faith in the dollar’s unassailable status as the world’s reserve currency. Foreigners hold so many dollars that they can’t afford to stop buying them, the theory goes. Therefore the dollar’s status as the world’s reserve currency is sound. But the dollar is now coming under a concentrated attack. Are American economists about to get schooled?



Angela Merkel summed up the dollar-skeptic viewpoint last year. “Excessively cheap money in the U.S. was a driver of today’s crisis,” she told the German parliament. And America’s solution—even more cheap money—was just setting the world up for another crisis, she said. It was just a matter of time.
The irony is that America is completely blind to the catastrophe heading its way. As the economic crisis unfolded at the end of last year, investors made a mad rush out of global stock markets and into other assets. The biggest beneficiary of the panic was the one market large enough and liquid enough to handle the trillions of dollars being moved: the U.S. dollar market. This caused the dollar to surge in value.
America grossly misdiagnosed the demand for dollars as a vote of confidence in the U.S. economic system. In fact, it was primarily a case of investors looking for a place they could quickly and easily get their money in—and out.
Now that the initial panic has subsided, the dollar’s international purchasing power has resumed its former downward trajectory. Since the post-crisis high in March, the dollar has fallen by a portfolio-shredding 10 percent.
America’s foreign creditors are again questioning the wisdom of holding so many U.S. dollars. And they’re looking for a way out.
“Leaders from Brazil, Russia, India and China are demanding a greater stake in the management of the global economy and challenging the dollar as the primary denomination for world reserves,” reported Bloomberg about the recent G-8 summit.
But is dumping the dollar just wishful thinking on the part of these nations? Or is there some tangible alternative? Well, how about this: Some think they’ve already minted a dollar-killer.

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[$$kneel-B4-me$$]

i'll believe it when i see it

[kidflash2008]

I never heard of the source or its founder.

China has too much invested in the dollar to abandon it. The dollar has been gaining strength against the other currencies of the world. I will wait and see what happens.

[c4pt0r]

I think the thing is called the "bric" union or something like that. that was whenit was just brasil china and russia. and what about swiss franks?? no1 ever suspects the swiss franks..

[failman360]

Originally Posted by Truthed

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look out, here comes the amero

[Terminator]

Now this huge oil reserve has been discovered the Gulf of Mexico.....who lays claim to it? USA or Mexico?

Or is this the start of the mutually-beneficial process of conjoining?

[BURNING MAN]

The discovery is in US waters. The exploration estimates that the deposit holds between 4-6 billion barrels of oil equivalent. That would be enough to satisfy US demand for crude for nearly one year.

[c4pt0r]

I hope pepole embrase the amero despite all the new world taking over the world mumbo jumbo shit assosiated with it.

you have to consider that most of the worlds crime and corruption revolves around hot sticky cash in the form of US dollars.

so I dont think the amero will ever happen for that very reason.

then again if you look at it form a militalry standpoint. If the United States itself was to dump the dollar, it would throw the rest of the world into chaos. Not counting Europe that is. while the transition to the amero could be performed rather smoothly within the United States. The ones who stand to loose the most from dollar dumping would be China and Russia. Probably Africa too but that place is in chaos as it is. or so they tell us. maybe its all bannanars and topless girls down there who knows.

So is it the World that prepares to dump the dollar? or the United States?

Ive been investig heavily into shiny marbles and pretty sea shells just to be safe.

that and cactii you can eat em, you can drink em. you can make bateries of them. you can even use them as drugs.

woop woop woop woop. I gota go wash my tinfoil hats. k bai


so this poor priest is trying to explain the concept of life after death to a being that understands only on or off. badabing

[kidflash2008]

The amero will never happen. It exists only in the forums of conspiracy theorists. China and many other nations depend on the dollar, and their economies would take a serious blow if anything happened to it.

Besides, Congress has yet to stop production on the penny or switched entirely to dollar coins.

[TheNugzMan]

Originally Posted by kidflash2008

Besides, Congress has yet to stop production on the penny or switched entirely to dollar coins.

I hope the US doesn't go to dollar coins, I would feel really bad for strippers, could you imagine $200 in coins in your thong panties?