[SkyPilot]

This is it gang. The beginning of the End.

The US Dollar is finished as the world's Reserve Currency. That status is the only reason we have been able to print money and spend like maniacs. That is now ending - - fast.

Our economy, our military, and our leadership forged the latter half of the 20th Century and the first decade of the 21st.

Obama has achieved what hard core Communists and leftists could only dream of.

What is next?

In the short term, we don't know.

By 2015, I believe we will have a Stock Market crash.

A huge one. I hope you are not planning on living on your IRA or 401K.

We will eventually be forced into some sort of "North American Union" or whatever they wish to call it. Our borders will mean nothing (if they don't already).

The rise of the Anti-christ system is upon us.

[SkyPilot]

Look at this.

[SkyPilot]

Russian bank chiefs take aim at US dollar

[SisterK]

"The beginning of the End." You got that right. Very soon we will learn of more countries kicking the dollar to the curb. The dollar will become worthless. Zero. Nada. Then will folks wake up?

[MulberryDraw]

USG printing a trillion dollars a year has consequences.

[Paine in the Neck]

The BRICS have been working in this direction for some time. Once these arrangements start to fall into place there will be a preference cascade that will make your head spin.

Noone really wants to use the dollar; it's just that there has been no reasonable alternative. As soon as people settle on an alternative (which the BRICS intend to supply) the run from the dollar will be the biggest financial storm the world has ever seen.

The only thing that has been keeping hyperinflation due to Fed printing at bay is that everyone still needs to use dollars. Produce an alternative that is functional and even slightly more trustworthy than the Fed-manipulated dollar and the dollar goes up in flames.

[Soul of the South]

“By 2015, I believe we will have a Stock Market crash.”

The elites will hold off the crash until after the 2014 elections.

When the dollar collapses, hyperinflation will ensue. The experience of the Weimar Republic in Germany and Argentina in more recent years suggests it will come on quickly, triggered by some event. Perhaps China will tell Wal-Mart it won’t take payments in US dollars, perhaps the government will admit the gold in Fort Knox is long gone, perhaps Saudi Arabia will announce it will no longer accept dollars in payment for oil, perhaps Soros will trigger a run on the dollar in collusion with foreign nations, perhaps Iran will take out a US carrier in the Persian Gulf with no military response from Obama, perhaps a US city will be blown up by a terrorist nuke. Whatever the event, prices will immediately begin taking off. There will be runs on banks as people demand cash instead of virtual currency. The banking system and stock market will crash. It will be a prime opportunity to declare a state of emergency, disband Congress for the duration of the crisis, and assume dictatorial powers.

[1010RD]

Or maybe China is spanking N. Korea. Have you ever heard of currency markets?

Not hyperbolic enough, eh?

[StormEye]

"The announcement came as Chinese President Xi Jinping wrapped up a state visit to South Korea on Friday."

Notice that North Korea is totally quiet about this visit.
(When the Chi-Comms tell their puppet state to shut-up, they shut-up.)

[junta]

Basically I think all this chatter about dollar dumping went from fantasy to reality was when they started talking about using the international clearing system for transactions against the Russians and anyone who even thought about buying Iranian oil. Or basically allowing the IRS type American government worldwide power, and that is not going to fly these days.