U.S. Trying to Push Back a Dollar Blowup

Economist Dr. Paul Craig Roberts says the U.S. is trying to gain global support for the U.S. dollar through trade deals. Not every country thinks the U.S. wi...

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Comment by 14300 on July 13, 2013 at 6:42am

Excellent info James - "good find"!  I will visit his website to read more.  Many thanks! . . . 8-P

Comment by 14300 on July 13, 2013 at 6:16am

Tell it like it is Suzie!  . . . 8-P

Comment by Nobody Will Observe on July 10, 2013 at 4:44pm
Comment by Patrick W on July 10, 2013 at 1:01am

The point of my post was to say only one thing really: Everything is NOT valued in dollars anymore.

Yes, good to meet you too... :)

Comment by Nobody Will Observe on July 10, 2013 at 12:57am

LOL but you can't name one ;)  I hear you and agree. But it's kinda black market for now. I'm in no way supporting the western central banks. Good to meet you and good chatting!

Aloha

Comment by Patrick W on July 10, 2013 at 12:40am

Nope. Can't point to even one country OFFICIALLY trading in other currencies, (except Iran, who officially shun the dollar, but still have to deal with their glut somehow) but, as above, crucial industries are now dealing openly with their own currencies in the biggest arena: Oil. The Breton-Woods has become null and void for all who were conned into it and most countries are secretly dumping dollars at an alarming rate and the BRICS and their allies, some secretly and some not, are the weight that will tip the scales and send the dollar to extinction. I do believe that this is the intention by the Rothschild dynasty, for many reasons, most of all, because it's the only way to repay the US debt, not even war will do the trick this time.

So, in pointing to my original post I'll repeat, everything is NOT valued in dollars anymore. Massive trade, as never before, takes place in every arena with a basket of currencies, in the open market, every day, using the US dollar as a (language) yardstick even though it's lost 99% of its value. It's only the sheep that still believe in the might of the dollar and its ability to be the world's reserve currency. The decoupling is happening quickly, and the only reason the dollar has even an iota of credibility left is due to the fact the nations do not want to be left holding it, and have to play the game until they unload. Once any country unloads most of this currency, they will abdicate in a heartbeat.

Comment by Nobody Will Observe on July 10, 2013 at 12:20am

So you can't point to any commodity valued in the world officially other than dollars. Not one.

"and they cannot afford to dump the dollar as a currency quite yet. If they did, they would end up with many billions of deficit in a heartbeat"

So we agree. You proved my point: The world at present, IS valued in 'Dollars"

All for it's end!  never did I here MR say not to fight or give up. The video only pointed to what is going and has gone down in history.

GO S. Africa!  All for it, even though it's going to hurt like hell over here.

Comment by Patrick W on July 10, 2013 at 12:07am

I cannot point to any one country who officially trade exclusively in the dollar, because there are none, at present. Too many countries have a massive glut in dollars, especially from all the QE's, but largely through petro-dollar transactions via the ME, and they cannot afford to dump the dollar as a currency quite yet. If they did, they would end up with many billions of deficit in a heartbeat. They HAVE to continue trading with dollars until they can dump most of them back into the US, via trade agreements and other mechanisms. This return flow to the US is picking up fast, and, like water finds its own level, the glut of dollars that the entire globe is now holding, will be returned to the US as fast as the Bernank keeps printing them, and the rest of the world keeps dumping them.

Central banks do ahve a measure of control in all countries, and I agree with Rivero, all wars ARE bankers wars, but their control is not as absolute as he presents it; There is massive resistance by the oligarchs, corporate owners and fund managers that reign in the control of these central banks because they too, among all of us see, that the end game will affect them just as negatively as the rest of us peons. And so the game of musical chairs plays out, but the trigger finger is much more tense than ever before.

In South Africa there was a furore about joining the BRICS coalition, all of it from Gill Markus, head of the SA Reserve, a jewess who has the Rothschild interest at heart, and some from jew-owned mega-business who backed her up, and the rest of the corporate giants. The Zuma government sided with the "rest"... and we joined BRICS, despite dire warnings from SARB. This is playing out across the globe because, each country, being registered corporate entities listed with the SEC, ultimately has survival as top priority and not slavery to the central Rothschild controlled banks.

Rivero simplifies the situation a little bit by basically saying... "We're fucked, they own everything, there's no point in fighting it" This is not strictly true, many are fighting back. When the dollar does finally collapse, it will affect every human being on earth negatively, I do not look forward to that day, but I do say: Bring it on. The time has come.

Comment by Nobody Will Observe on July 9, 2013 at 11:35pm

BS if it's not. But yes there are moves around it and the small nations that have valued their oil in anything other than dollars have been invaded and occupied and over thrown. If you haven't noticed

B razil R ussia I ndia C hina S.Africa   Syria is in a foreign invasion civil war. Iran is in the cross hairs. Why do you think this is? To maintain the dollars hegemony over the world.

I do not reject that your claim is valid, but name one, just one, commodity valued in other than dollars.  Iran has been outlawed to sell oil in gold. The other countries are not willing to totally reject the dollar just yet. Some day perhaps so but isn't so right now.

Comment by Patrick W on July 9, 2013 at 11:23pm

Not true. Everything is NOT valued in dollars anymore. Economists and people in general may TALK dollars because dollars is a universal language used for decades. In reality, the BRICS, Arabs, Syria/Iran, Chinese, India, Russia, and a whole host of South American countries are dealing in a basket of currencies and also in PM's and oil, slowly freezing the bloated dollar out of existence. Besides the decades long currency wars between the Chines and the US, there is another reason the world is moving away from the dollar: They hate the US/israel coalition and their dragging the world into oblivion and are kicking back, albeit in a backhand way, but the end result is that we are watching the endgame for the dollar and when the tipping point is reached, it will collapse faster than building 7.

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