US Dollar Funeral At Hand!
Posted on 04/10/2014 5:58:29 PM PDT by Errant
A global clash of nations is underway in full gear. The time is finally right. The urgency is acute. The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in particular the robot sock puppets of the Untied States, see the end of the USDollar. They appear to wish to lay blame on Russia for the death of the dollar. The global rejection began with the Iran sanction workarounds, where India bought Iran’s oil & gas, but paid with Turkish gold, delivered to Tehran banks. The global rejection will achieve escape velocity with the acceptance of Russian Rubles for its energy products. The global rejection will achieve additional escape velocity with the acceptance of Chinese Yuan payments for Saudi crude oil (then all OPEC oil). Coming is the launch of both the gold-backed Russian Ruble and the gold-backed Chinese Yuan. The global rejection will be final, and the funeral will be announced.
(Excerpt) Read more at silverdoctors.com ...
The dollar losing reserve currency status could cause a global upheaval not seen since WWII. It would be an unmitigated DISASTER for us. We’d surely end up killing people and breaking things somewhere. That much is certain.
Earlier today:
It’s On: Gazprom Prepares “Symbolic” Bond Issue In Chinese Yuan
http://www.freerepublic.com/focus/f-bloggers/3143021/posts
US Dollar Funeral At Hand!
Thanks for that Zero Hedge link ..... hadn’t seen that.
Hell, if I'm a citizen of ANY Western country I'd be worried sh*tless.
After reading that Zero Hedge article (link above) I'm starting to get there. Not because of China though, because of Russia.
If they’re going to tax gold purchases and sales at, say, 80% then how will having gold here, or in storage internationally escape that tax, once you need it to live on (retirement, etc.)?
Why didn’t they raise hell about it?
Say they did raise hell about it. They would expose the fact that the USA was basically insolvent, and an outright thief, all in one day.
Collapsing our system, would be like stabbing a hole in a life raft they are sharing with us.
How’s that working out for ya, Germany?
I’m starting to think there will never be a crash. Gradual self debasement is what we do best, because we have this seemingly unlimited ability to rationalize failure. Failure and decline on every front.
We are self destructing quite nicely on our own.
We are the target. The Chinese have nothing to fear from Russia except an all out nuclear war. The EU is totally emasculated. All the Chinese need to do is wait, and keep building.
Prepare for the worse and hope for the best I say. But that said, I think the odds favor a crash this year or perhaps the next at the latest.
It's going to drive many into a "black market" of sorts.
What kind of impact (if any) would there be if a good conservative pro US energy POTUS came into office and literally opened up ALL U.S. holdings now currently forbidden to oil exploitation to be opened? Further mandate that non OPEC American Oil companies get the first plumb bids and require all refinieries to be either updated, expanded or new ones built as a prerequisite to the deal. Also mandate that all proceeds have to be sold inside our borders first before being sold overseas and block any sales to unfriendly nations. Maybe also pass emergency legislation that limits frivolous lawsuits especially by enviro-whackos seeking to block the new system and base it on national security?
Look at how a limited example of this has changed the face of the economy in North Dakota. We could send our economy into orbit and crush those who seek our destruction at almost the same time, right? Or am I out of my mind (a somewhat common situation)?
None, without first tackling this:
Open up oil exploration would be a good thing. Your “mandate” proposals not so much. Open it and let the free market and private business operate.
That says it all, Frightening!
I agree with a Laizzez Faire attitude, but the problem is that I don't trust BIG OIL (read the OPEC affiliated companies) to do the right thing which is to bring cheap gas to the nation and the economy over corporate profits in doing what's right over their bottom line. I hold oil stocks, too. There is being a stockholder and there's being a patriotic American. See, those companies don't consider themselves to be American entities. They think of themselves as global citizens. They are amongst the biggest contributors to globalization movements like the Council on Foreign Relations. Under normal circumstances, the free market would work well, indeed. I'm not so sure it would here because of the enormous market manipulation that these companies can exert. Business is business, after all....
As long as lawlessness and disregard for the Will of the People and the founding documents prevails, it's going to be a very long three years until 2016 and what this administration does between now and then (and what, if anything, is done by politicians who love this nation to save America as we know it). With government agencies now being used as weapons against us (Bundy case now), anything is possible.
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