Skip to comments.
De-Dollarization Accelerates - China/Russia Complete Currency Swap Agreement
Zero Hedge ^
| 9 Aug 14
| Tyler Durden
Posted on 08/09/2014 5:24:13 PM PDT by SkyPilot
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-29 last
To: deadrock
“What I dont understand is why the US buck is still high relative to other currencies.”
Because, sadly enough, despite the 99% decrease in value of the dollar since 1913, the dollar is still the most stable and valuable of the world’s major currencies.
However, the main thing propping up the dollar right now (aside from the short-term effects of massive Fed money manufacturing) is the fact that the U.S. dollar functions as a world currency. If enough of these various de-dollarization schemes succeed, the dollar collapse will be greatly accelerated from just the effects of Fed money printing alone.
21
posted on
08/09/2014 11:01:22 PM PDT
by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
To: catnipman
amen, and they only reason we are able “print” money is because the US Dollar is the world's Reserve Currency, and has been since the end of WW II. That privilege was bought and paid for by the blood of our military who fought and died. The US was they only remaining superpower at the end of WWII, and all nation's agreed on the Dollar as the reserve. That is about to change.
22
posted on
08/10/2014 3:48:44 AM PDT
by
SkyPilot
To: SkyPilot
How much longer do you expect this fantasy to last? I hear you. I'd bet a dozen doughnuts that Obama and company will crash the economy, deliberately. It is like everything he is doing is vectoring to the point of collapse and chaos via Cloward-Piven.
23
posted on
08/10/2014 6:33:30 AM PDT
by
VRW Conspirator
(The next DNC convention will be spoken in Spanish; Press 1 for English)
To: SkyPilot
if there were viable reasonable alternatives we would do it....
I remember clearly my younger brother talking about starting an IRA like 35 yrs ago....he said his finacial guy said one thing...."the govt doesn't give anything away for free"....
think about it.....all these years of dangling carrots in front of us, and all those synchophant "advisors" telling us to sing everything we got into our retirement....
you can't even withdraw all your money now without a big penalty/tax bill...
24
posted on
08/10/2014 7:49:25 AM PDT
by
cherry
To: Jonty30
what do we do?...I know I know..invest in brass....but beyond that, is there anything else we could do?...anything to put our money into?
25
posted on
08/10/2014 7:51:09 AM PDT
by
cherry
To: cherry
All will take is a financial crisis that is but a few keystrokes away, and then Obama and his ilk will move in for the kill. They will seize IRAs and all retirement accounts. They have been planning it for years, modeled on South American actions. They will “give” you bonds in return. When the market drops, the panic sheeple will act grateful. Someone tell me I am wrong.
26
posted on
08/10/2014 11:39:18 AM PDT
by
SkyPilot
To: cherry
Don’t trust in money......trust in God.
27
posted on
08/10/2014 11:40:19 AM PDT
by
SkyPilot
To: VRW Conspirator
28
posted on
08/10/2014 11:40:58 AM PDT
by
SkyPilot
29
posted on
10/25/2014 6:15:22 PM PDT
by
SunkenCiv
(if a-holes could fly, this place would be an airport. https://secure.freerepublic.com/donate/)
Navigation: use the links below to view more comments.
first previous 1-20, 21-29 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson