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Thread: The Demise Of The Dollar

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    The Demise Of The Dollar

    In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

    By Robert Fisk

    In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

    Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

    The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

    [snip]

    The decline of American economic power linked to the current global recession was implicitly acknowledged by the World Bank president Robert Zoellick. "One of the legacies of this crisis may be a recognition of changed economic power relations," he said in Istanbul ahead of meetings this week of the IMF and World Bank. But it is China's extraordinary new financial power – along with past anger among oil-producing and oil-consuming nations at America's power to interfere in the international financial system – which has prompted the latest discussions involving the Gulf states.
    http://www.wvwnews.net/story.php?id=7959

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    This really doesn't surprise me. Much of it sounds like meaningless propaganda to me.

    Tuesday, October 13, 2009
    A Rebound for China and India’s Millionaires
    Economics piece by Offsite

    For those looking for a bit of schadenfreude, it’s good to know that the global downturn has whacked the rich along with everybody else. According to a new survey released by Bank of America Merrill Lynch (BAC) and Capgemini, the number of millionaires in Asia-Pacific fell by 14.2%, to 2.4 million, in 2008. The impact of the crisis was even bigger on their combined wealth, which contracted 22.3%, to $7.4 trillion.

    Still, with Asia already experiencing a recovery not seen in the rest of the world, it’s likely that the ranks of the rich will swell again this year, as will their wealth hoards. The report, which is based on a survey of wealth managers who deal with clients with at least $1 million in net worth (excluding the value of their principal residence) predicts the number of millionaires could jump as much as 9% this year thanks to booming stock markets and recovering property markets in the region.
    Retrieved From:http://americandaily.com/index.php/article/2326
    High oil prices? Weak dollar? Blame Bush
    By MARTIN FROST | 6/10/08 5:09 AM EST

    Few issues focus the public’s attention on politics like the price of gasoline. It keeps going up, the public wants relief, and politicians are held accountable for not fixing the situation. Yet to solve the problem, you first need to know the cause of the illness.

    Why do gasoline prices keep going up? Is it because Congress and President Bush have not fashioned energy policies to reduce our dependence on foreign oil? Clearly that’s part of the answer. Our government can do more to reduce demand and increase supply through conservation, auto fuel efficiency standards, tax breaks and subsidies for development of alternative energy sources, and incentives to drill more in the U.S.

    But that’s not the entire story.

    The immediate cause of rising oil prices is the weak dollar. Oil-producing countries are requiring more dollars to purchase the same barrel of oil because the dollar is worth less today than it was a few years ago. Anyone who travels abroad knows about the weak dollar. In 2000, it took $1 to purchase one euro.

    Today, it takes close to $1.60 to purchase a euro. A Canadian dollar is now worth the same as a U.S. dollar, whereas eight years ago it was worth considerably less than an American dollar.
    Retrieved From:http://www.politico.com/news/stories/0608/10940.html

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    From what I understand one of the main "real reasons" we invaded Iraq was that they were going to start trading oil in Euros. So we invaded them and its still in dollars but they've by-passed some of our regulations and such which has weakened us and other arab nations are following.

    The Jew elite are shifting away from the U.S. They've nearly sucked it dry like they did with the Soviet Union. Soon I would guess they will reshift back to East Europe as a major growth area. It is also primarily white so they will need to concentrate effort there to bring the economy up and pump in hoardes of non-whites.

    The collapse that occurred was also created by the bankers and is artificial. Well it had to happen anyway as there was more debt than can be paid back.

    Here's how they operate:

    Build economy up. Make a fortune while its done mostly by lending out money that doesn't exist (banks create money and debt) for a while they ride the wave while people work to pay off the debt. They buy and sell but mostly sell during this time and mostly loan out. Eventually there is more debt than can be paid up. This leads to recessions and necessary forgiveness of debt. In the long run more and more social parasites and inefficiencies plague society. They let the economy totally collapse like with the soviet union in the 90s. Then when everything is collapsed and dirt cheap they buy everything up. Build the economy back up and sell it at higher prices.

    Let's give an example: you live in the soviet union in the 1990s. Population is going down. Everybddy is selling. Everything is cheap. Poor economy. Say you sell your house for $5,000. Twenty years later or maybe thirty the economy is built up your son wants a new house, he buys this same house back for $50,000. Fifty years later the russian economy is collapsed. Your grandson has the house foreclosed on. The bank gets it very cheaply say for $5,000 again (well really for free cuz they invented the loan money out of thin air- the nature of fiat currency). Then your great grandson buys the house back for $50,000.

    What it is is debt slavery or wage slavery. prices and jobs are manipulated so that people are always working hard to gain resources but never permanently getting ahead. It happens over the course of generations so people don't realize what's going on. Its made to look random like there's no force behind it. You have to consider the great depression was 100% man made due to fiscal policies. The same with the current recession. It's all manipulated.

    Breaking out of the cycle: rely on government currency as little as possible. You need to use it some for practical reasons, but establish local trade networks, avoid taking out loans unless totally necessary, barter and trade etc. Produce as much goods as you can on your own or somehow don't depend on the job market for survival. Have strong community ties rather than being "individual" and "indenpendent".

    Or let me put it in simpler terms:

    The bank writes on a piece of paper that you have a loan. That's all they do. The money doesn't need to exist. they give you something that is make believe. You then give them real work in return on the payments. Then when your job is lost you give them something real- your house! Which they foreclose on. Who has the real wealth? The bank. They dont create wealth they just shift it from the masses into their own pocket. The pretend money isn't wealth- your labor, your car, your house, gold etc. is real wealth! You give them these things they give you nothing (a loan or money they just printed up).

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    I always believed that the main reason for going to war in Iraq was to secure the oil reserves there. The US has a major military presence in the Persian Gulf & for that reason only the US$ still has value has the prime trading currency for oil. The Russians could start trading their oil in other currencies then the US$ but I don't see anyone else doing it with any degree of success, including Chavez's Venezuela.

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    You've been listening to mainstream news run by the Israeli lobby. I remember before the Iraq war reading articles published by white supremacists that said if we invade Iraq the price of oil would go way up and the U.S. economy would be battered. They gave really good reasons why all of which I can't remember and repeat acurately here. Well I'll be damn it happened just like they said. Mainstream media never mentioned anything about this and said the price of oil just magickally went up because of speculation. Thing is we haven't "stolen" any oil from Iraq. Iraq sells its own oil and keeps the money. When we invaded the rebels destroyed oil pipelines and such which disrupted oil supply. Saddam was willing to sell us all the cheap oil we wanted. We are actually paying more for it now after we invaded.

    We invaded Iraq for the following reasons: 1) to protect Israel (this involves the whole middle east region coming under U.S. influence) 2) Saddam used to work for the CIA. Eventually he said the CIA was immoral and he would no longer go along with it. The CIA actually put him in power. Have you ever heard this mentioned in the news? Look it up yourself. Well CIA was out to get Saddam. 3) Personal grudge between bush family. Saddam put out a death warrant on first bush because first bush tried to assisinate him. 4) They were going to trade oil in Euros because the U.S. dollar sucks.

    Why is this a big deal? Say if Japan wants to buy oil. They can't. They must buy it with U.S. money. So to get gas and other things they have to sell stuff to the U.S. like say cars or VCRs or whatever. Then they can use this money to buy oil. This means everybody trades with the U.S. and the U.S. gets good deals and the dollar has a lot of value.

    U.S.A.- told rebels if they try to kill Sadam that the U.S. army will back them up. Thousands attacked. Iraqi army killed them all. This was justified they were trying to overthrow the government. U.S.A. lied and never came to their rescue.
    Saddam Husein- he saw one of his former guards working for the U.S. "not you too" he said "i have to feed my family" the guard said. Saddam handed him a stack of money.

    Whose the good guy? Whose the bad guy? Oh yeah after being found innocent by 3 judges we finally found one that would find him guilty for killing his own people. Guess what people those were? The ones that died because America lied to them and never helped them militarily. Saddam had to kill them or be killed himself.

    Read some of the interviews with the President of Iran. He's a smart man unlike the imbecile jew puppets that lead us. He asks tough questions about the holocaust and reveals American lies etc. Which is in part why they want to kill him and overthrow Iran next. But also again: must protect Israel. That is the number one priority of our military. If our people die who cares. If our nation goes bankrupt who cares. All that matters is Israel. Jews are gods that we must worship.

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    Quote Originally Posted by rainman View Post
    Breaking out of the cycle: rely on government currency as little as possible. You need to use it some for practical reasons, but establish local trade networks, avoid taking out loans unless totally necessary, barter and trade etc. Produce as much goods as you can on your own or somehow don't depend on the job market for survival. Have strong community ties rather than being "individual" and "indenpendent".
    This is always good advice, no matter what state the economy is in.

    Or let me put it in simpler terms:

    The bank writes on a piece of paper that you have a loan. That's all they do. The money doesn't need to exist.
    Why should it? The real worth of a man is his word. Northern Europe has always done business by way of contract and credit. Money, in the sense of 'currency' should not be needed at all. Trust is what drives the economy, as it should. If the economy or the currency is faltering it is a reflection of our trust.

    they give you something that is make believe.
    Why is it make believe?

    You then give them real work in return on the payments.
    As you should, through honest work and toil, we are rewarded the fruit. If you don't wish to use credit, then don't. This is entirely the individuals choice.

    Then when your job is lost you give them something real- your house! Which they foreclose on.
    There is always a high price to pay when we attempt to get something without working for it.

    Who has the real wealth? The bank.
    This is just illusion. Banks, don't hold on to titles, they sell, and foreclosed homes always go cheaper, and banks always loose out. Besides, according to you paper money dosent have any value, so how could the banks have wealth. If you start out with nothing and end up with nothing you still have nothing.

    They dont create wealth they just shift it from the masses into their own pocket. The pretend money isn't wealth- your labor, your car, your house, gold etc. is real wealth! You give them these things they give you nothing (a loan or money they just printed up).
    Unless you have loans out on any of those things, then they are liabilities. Wealth is what you own outright, which if you do, there is no danger of bank foreclosure.

    But really, since you have lost faith in the fiat system, would you like to see a return to gold?

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