Floyd Brown Loc: Milwaukee WI

Did the US demand that the world needed to trade in dollars?
Or did it just become the best way to trade between countries?

Now there is no law that says a country has to trade in dollars. It just has been the best way to do it.

Now it has become less of a good thing & will be replaced.

Some would suggest that it might be replaced with BRIC. This might seem like a good idea by some.

These counties have many internal problems with poverty. Until they solve many of those problems they will not be sound enough to be used as reserve currency for the rest of the world.

The key to where you are going is that is the rest of the world going to want to have two different currencies in use?

I just don't see the major corporations wanting any thing but a single reserve currency.

So I guess that it boils down to what the major players in the worlds banking system wants.

This battle will not be with guns but in the back rooms of the banking system.

We are seeing some jockeying for position now.

We as individuals will not have much say in all of this. But running down our country in the run up to the changing will mean the part that the US has in the out come of the issue will be lessened.

It is with hope that the days of all of the bad things that have been pointed out that have been happening will come to an end.

The only hope most of us have is that the interests of the common people of the world are looked after with fairness.

For it is only with in a fair & balanced system that Capitalism will provide a free & open Market Place

PhilosophyMan Loc: Washington state.

well, we'll see, we can only hope we can recover, we will see.
it might be too late.

Patty

This just came out this morning.
http://thebricspost.com/uk-announces-yuan-clearing-bank-in-london/#.U4ynb7lOXIU
Currency wars are nothing more than trade agreements.
The BRICS put together their own currency trade deals 2 years ago and many are signing up since.
http://zeenews.india.com/business/news/economy/brics-to-sign-pacts-for-trade-in-local-currencies_44626.html
Why do you think Washington is going after Ira? They don't seem to mind Pakistan and many others having nuclear weapons.
http://www.zerohedge.com/news/2014-05-13/russia-holds-de-dollarization-meeting-china-iran-willing-drop-usd-bilateral-trade
China is probably now the biggest economy in the world and the US only has war and the toys that go with it since there is nothing manufactured here any longer.
I guess everything is s nail after all.
http://www.usatoday.com/story/money/business/2014/04/30/china-us-top-economy/8538689/

the waker Loc: 11th freest nation

Might have something to do w/ the friendship pipeline including Iran,iraq, and Syria. I believe there's only one left, then there will be plenty of oil for europe, and little to no need for russian oil.

Patty

Yes I think you're right and that is why Russia is headed south with their pipelines.
Russia already has a deal in place and are trading in gold and goods and is why the US is pissed off.
Russia's contributions are largely weapons and electric generation in Iran.
http://news.yahoo.com/russia-may-build-eight-nuclear-reactors-iran-134635604.html;_ylt=A0LEVzROlo1TuzUA0GNXNyoA;_ylu=X3oDMTEzNmZoMGphBHNlYwNzcgRwb3MDMwRjb2xvA2JmMQR2dGlkA1ZJUDQzMV8x

rickdri

This could possibly turn to war as the Western Elites are not willing to give up their power so easily to the Eastern Elites. Gold goes where the money is and currently the East seems to have most of the money while the west has most of the debt. It wouldn't surprise me to see a false f**g war started by the West in order to retain their power. I hope that people will see through their nonsense and stop such a war from happening! Too many folks have already died due to the elites thirst for power!

rickdri

Thanks for an excellent and informing post!

rickdri

Thanks again Patty! As always you are spot on!

Patty

:thumbup: :thumbup:

Floyd Brown Loc: Milwaukee WI

Thank you!

I think that we need not lose sleep over the prospect of Global War.

Those on both sides have to much to lose.

It is just that us average people need too find a way to hang on through the changes that will take place.

I truly believe that any leader in power on the winning side or not will not be in power long after the k*****g stops.

For I predict that their deaths will mark the end of war.

TroubleshooterTim Loc: People's Republic of Oregon

Floyd,
BRICs is not a currency. It is Brazil, Russia India, China and south Africa economic alliance. The BRICs symposiums have called for another currency to replace the US Dollar as the premier global reserve currency. China, which does have the resources, have advocated their currency the Reminbi replace the dollar globally.

Where did it start?
We can point to the Bretton Woods agreement following WWII. Commodities were traded in US Dollars. In 1978, OPEC agreement required that all oil be traded solely in
US Dollars-- the countries that have sold oil in currencies other than US Dollars are the victims of US led war coalitions. Now it is all unraveling. China owns a huge portion of the US Debt and wants to replace the Dollar on the world stage, countries are selling their oil in currencies other than the US Dollar and are not getting whipped for doing so, and commodity pricing is affecting 3d world countries.

Want a good read....
http://www.internationalman.com/articles/timing-the-collapse-ron-paul-says-watch-the-petrodollar

We have already gone over the fiscal cliff, we are just smooth sailing until we hit the bottom...there is no possible way for us to repay 17 trillion in debts while also supporting 125 Trillion in unfunded liabilities. There is no economic model that show us recovering and avoiding this collapse. The Fed cannot print enough bills fast enough.

TroubleshooterTim Loc: People's Republic of Oregon

Oh, and Floyd,
The US Dollar is not the only Global reserve currencies, there are others, Euro, German mark, Swiss Franc, and about a doesn't more.

US Dollars and the Euro make up about 90% of the reserves held.

I don't think there will be a shooting war of it. All China has to do is start selling all their US Treasury bills to flood the market, the loss they take will be monetary, but they can defeat us without firing a shot...scary thought.

Ricko Loc: Florida

Tim-the scariest part is that government does not seem to get it as they are not making any effort to either balance the budget or pay down the debt. An honest effort in that respect would show the rest of the world that we are changing our ways and will try to live within our means with a much smaller government, re-alignment of existing programs , and a strict monetary diet. This cannot go on but nobody seems to be concerned. Good Luck America !!!

rickdri

You are right, we should not worry! I don't know about your beliefs in God, but I will put my faith in him! He has always carried me through my darkest times. He will carry me through anything.
I feel at ease even though I know what will come to pass. America's leaders have become a selfish lot! The ruling elite only care for their own salvation. This in time will be their downfall. They put their faith in money and worship it above God. As a result those that do not put God first, will feel the error of their ways.I did not mean to preach to you, only to let you know my feelings.
America's fall will not be the end of the world. Only a new chapter will begin. One in which we will find our way back. It will be very hard for Americans for some time. This is why I have been saying on this forum that you should prepare in some way. This will make a little easier for you when it finally happens.
This has taken some time to come about. Many do not believe since they have heard this for a long time now. What I say to them is Rome was not built in a day. Nor did it destroy itself in one day. It took years for the fall of the Roman Empire. Just as it is taking years for the fall of the American Empire. We are rotting slowly from within. We are doing what was impossible for any other nation to do. Destroying ourselves.

TroubleshooterTim Loc: People's Republic of Oregon

I present Executive Order 11051. This order specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.

What does “all Executive Orders” in EO11051 mean?

Here is a list of EO’s that give total power over every aspect of our lives to the President or whomever he chooses.

* Executive Order 10990 allows the Government to take over all modes of t***sportation and control of highways and seaports.

* Executive Order 10995 allows the government to seize and control the communication media.

* Executive Order 10997 allows the government to take over all electrical power, gas, petroleum, fuels, and minerals.

* Executive Order 11000 allows the government to mobilize civilians into work brigades under government supervision.

* Executive Order 11001 allows the government to take over all health education and welfare functions.

* Executive Order 11002 designates the Postmaster General to operate a national registration of all persons.

* Executive Order 11003 allows the government to take over all airports and aircraft, including commercial aircraft.

* Executive Order 11004 allows the Housing and Finance Authority to relocate and establish new locations for populations.

* Executive Order 11005 allows the government to take over railroads, inland waterways, and public storage facilities.

Not only do those orders allow complete control over every aspect of our lives, EO 11000 and 11004 allow the government to forcefully relocate Americans to internment camps and put us in forced labor. EO 11002 allows national registration of all people!


As you can see, if Obama wrecks the economy bad enough, he can implement Executive Order 11051, under the “economic or financial crisis” section. This would then allow him to enact all the EO’s that I have listed, hence, complete dictatorial power over the United States.