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Where are we going with the Reserve Currency.
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Jun 5, 2014 23:19:55   #
rickdri
 
TroubleshooterTim wrote:
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.
I present Executive Order 11051. This order specif... (show quote)


Thanks Tim, I really think he is trying to do just that. That should make all of the liberals really happy! Government control of everything!

Reply
Jun 6, 2014 00:32:55   #
UncleJesse Loc: Hazzard Co, GA
 
Does China invest in a China, Greek or BRIC currency? No, they purchase US treasuries.

If China decides to exchange for Greek or BRIC treasuries there would be plenty holders of Greek or BRIC treasuries that would prefer to swap to US treasuries.

Worst case scenario? The US dollar might temporarily depreciate against some other currency that China decides to buy. This means that we would have a big opportunity to export stuff there.

This is how it would look if china dumped everything. And they'd want to get something more financially sound than Greek, BRIC or china RMB such as euro, pound, franc and yen. Those currencies would soar in value. In order for these countries to balance their sheets so they could import and export stuff with us at reasonable rates to control their trade balance, these countries would need ... to buy dollars.

China would then own treasuries in countries they preferred not to own in the first place while the US balance sheet would have no change.

This why it doesn't make sense for China to do that. They are invested in our success to stabilize their market and some gaming scheme to destroy the US economy so they can take the world currency lead can only occur when their economy is so valuable that everyone wants to invest their money there.

Reply
Jun 6, 2014 01:18:50   #
rickdri
 
UncleJesse wrote:
Does China invest in a China, Greek or BRIC currency? No, they purchase US treasuries.

If China decides to exchange for Greek or BRIC treasuries there would be plenty holders of Greek or BRIC treasuries that would prefer to swap to US treasuries.

Worst case scenario? The US dollar might temporarily depreciate against some other currency that China decides to buy. This means that we would have a big opportunity to export stuff there.

This is how it would look if china dumped everything. And they'd want to get something more financially sound than Greek, BRIC or china RMB such as euro, pound, franc and yen. Those currencies would soar in value. In order for these countries to balance their sheets so they could import and export stuff with us at reasonable rates to control their trade balance, these countries would need ... to buy dollars.

China would then own treasuries in countries they preferred not to own in the first place while the US balance sheet would have no change.

This why it doesn't make sense for China to do that. They are invested in our success to stabilize their market and some gaming scheme to destroy the US economy so they can take the world currency lead can only occur when their economy is so valuable that everyone wants to invest their money there.
Does China invest in a China, Greek or BRIC curren... (show quote)


That's exactly why China is buying gold! Money flows to where gold is. As I have said before, The east has all of the money and gold while the west has all of the debt! I appreciate your view, you do make some very good arguments. I just disagree. With all of our free spending and debt, the dollar is slowly wearing out it reserve currency status. Eventually we will see a basket of currencies that may include the dollar or we may see the SDR's maintained by the International Monetary Fund. Either would end the dollars reign.
I do hope and pray that you are right. Perhaps if our "governmental leaders" could learn how to run a budget correctly and learn how to reduce our debt, you may be right! Thanks for your good arguments and a great discussion!

Reply
 
 
Jun 6, 2014 02:07:04   #
UncleJesse Loc: Hazzard Co, GA
 
rickdri wrote:
That's exactly why China is buying gold! Money flows to where gold is. As I have said before, The east has all of the money and gold while the west has all of the debt! I appreciate your view, you do make some very good arguments. I just disagree. With all of our free spending and debt, the dollar is slowly wearing out it reserve currency status. Eventually we will see a basket of currencies that may include the dollar or we may see the SDR's maintained by the International Monetary Fund. Either would end the dollars reign.
I do hope and pray that you are right. Perhaps if our "governmental leaders" could learn how to run a budget correctly and learn how to reduce our debt, you may be right! Thanks for your good arguments and a great discussion!
That's exactly why China is buying gold! Money flo... (show quote)


Thank you too.

I think that a disadvantage that banks have with gold is the limited supply. This would make them wary of lending too much money because if they had to get gold instead of cash to balance their sheets, they wouldn't risk it. It's easier for them to borrow something that can be printed when there is a run on withdraws or an economic crisis when too many debtors can't pay their loan back.

Reply
Jun 6, 2014 05:07:44   #
Patty
 
China hasn't been buying treasuries for a couple years now.
http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html

Even US corps are trading in renminbi and is up 327% from April last year. So it looks like even Walmart is dumping the USD.
"Renminbi use surges in home of US dollar
Jun 4, 2014 11:28am by James Kynge

It is the monetary equivalent of what Chairman Mao called “bombarding the headquarters”. China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.

The reasons driving the upsurge are structural and long-term, said Debra Lodge, a managing director at HSBC in New York.

First, US importers can slash the cost of imports from China by agreeing to trade in renminbi rather than US dollars, Lodge said. Second, a recent surge in the popularity of a host of renminbi-denominated financial market instruments are making it easier for US corporates both to hedge currency risk and to earn an investment return from the renminbi they hold.

More…"
UncleJesse wrote:
Does China invest in a China, Greek or BRIC currency? No, they purchase US treasuries.

If China decides to exchange for Greek or BRIC treasuries there would be plenty holders of Greek or BRIC treasuries that would prefer to swap to US treasuries.

Worst case scenario? The US dollar might temporarily depreciate against some other currency that China decides to buy. This means that we would have a big opportunity to export stuff there.

This is how it would look if china dumped everything. And they'd want to get something more financially sound than Greek, BRIC or china RMB such as euro, pound, franc and yen. Those currencies would soar in value. In order for these countries to balance their sheets so they could import and export stuff with us at reasonable rates to control their trade balance, these countries would need ... to buy dollars.

China would then own treasuries in countries they preferred not to own in the first place while the US balance sheet would have no change.

This why it doesn't make sense for China to do that. They are invested in our success to stabilize their market and some gaming scheme to destroy the US economy so they can take the world currency lead can only occur when their economy is so valuable that everyone wants to invest their money there.
Does China invest in a China, Greek or BRIC curren... (show quote)

Reply
Jun 6, 2014 05:23:21   #
Patty
 
rickdri wrote:
That's exactly why China is buying gold! Money flows to where gold is. As I have said before, The east has all of the money and gold while the west has all of the debt! I appreciate your view, you do make some very good arguments. I just disagree. With all of our free spending and debt, the dollar is slowly wearing out it reserve currency status. Eventually we will see a basket of currencies that may include the dollar or we may see the SDR's maintained by the International Monetary Fund. Either would end the dollars reign.
I do hope and pray that you are right. Perhaps if our "governmental leaders" could learn how to run a budget correctly and learn how to reduce our debt, you may be right! Thanks for your good arguments and a great discussion!
That's exactly why China is buying gold! Money flo... (show quote)


:thumbup: :thumbup: Even Europe is going to the Yuan for trade.
http://thebricspost.com/uk-announces-yuan-clearing-bank-in-london/#.U5GGqblOXIU
All trade is going to the Yuan as it gains value. Last year it was around 8/1 and now its 6.1699 against the dollar.
The trade deals that Russia and China are making are unlike any agreements ever reached before.
http://thebricspost.com/the-chinese-drank-quite-a-bit-of-our-blood-putin/#.U5GH-7lOXIU
Even New Zealand is doing currency swaps.
http://thebricspost.com/china-new-zealand-renew-currency-swap-pact/#.U5GIKrlOXIU
Meanwhile the US to punish France for not denying Putin the ships he has paid to have France built the DOJ goes after Frances banking system "do as we say or we will crush your economy and starve your people"
Then Pelosi threatens China to rename the street that the Chinese embassy is on after a Chinese villain is just downright childish.
http://news.yahoo.com/rename-chinese-embassys-street-washington-us-lawmakers-urge-010645966.html;_ylt=A0LEVzQ7iJFTXT8ARLBXNyoA;_ylu=X3oDMTEzaTZxaGpwBHNlYwNzcgRwb3MDMQRjb2xvA2JmMQR2dGlkA1ZJUDQ0OF8x
This is the kind of juvenile tantrums that we have come to expect coming out of Washington.
China said "we feel like we are passengers in a car driven by an 8 year old"

Reply
Jun 6, 2014 09:30:42   #
Floyd Brown Loc: Milwaukee WI
 
Patty wrote:
:thumbup: :thumbup: Even Europe is going to the Yuan for trade.
http://thebricspost.com/uk-announces-yuan-clearing-bank-in-london/#.U5GGqblOXIU
All trade is going to the Yuan as it gains value. Last year it was around 8/1 and now its 6.1699 against the dollar.
The trade deals that Russia and China are making are unlike any agreements ever reached before.
http://thebricspost.com/the-chinese-drank-quite-a-bit-of-our-blood-putin/#.U5GH-7lOXIU
Even New Zealand is doing currency swaps.
http://thebricspost.com/china-new-zealand-renew-currency-swap-pact/#.U5GIKrlOXIU
Meanwhile the US to punish France for not denying Putin the ships he has paid to have France built the DOJ goes after Frances banking system "do as we say or we will crush your economy and starve your people"
Then Pelosi threatens China to rename the street that the Chinese embassy is on after a Chinese villain is just downright childish.
http://news.yahoo.com/rename-chinese-embassys-street-washington-us-lawmakers-urge-010645966.html;_ylt=A0LEVzQ7iJFTXT8ARLBXNyoA;_ylu=X3oDMTEzaTZxaGpwBHNlYwNzcgRwb3MDMQRjb2xvA2JmMQR2dGlkA1ZJUDQ0OF8x
This is the kind of juvenile tantrums that we have come to expect coming out of Washington.
China said "we feel like we are passengers in a car driven by an 8 year old"
:thumbup: :thumbup: Even Europe is going to the Y... (show quote)


Just remember it is just the Money Changers playing with money.

Every time some money changes hands some one is trying to keep a piece of it.

Most of the money is in to few hands.

With all of the talk about what is going to happen.

What is going to happen is that more of the money is going to end up in fewer hands.

What is going to change is or is changing is how the money is going to go through different hands.

Changing the Money Changers is not going to improve any thing for the average person.

There will be more Money Changers looking for their cut.

Now it is all well & good that we become aware of what is going on. But that is of little use to us unless we find ways to see that the money flows through the system better with more people getting a little more.

You hear so much about the poor free loaders & so little of the rich freeloaders.

Our pockets are being picked & a clear picture of how that picking is being done is not getting a true over all picture.

Most people want more. But is it a bad Idea to say at some point to say enough is enough?

What would be bad in a system where there is a top 10%, a bottom 10% & a middle of 80%. Where the middle had 80% of the wealth. Not every one has as much as any one else put every one has some thing.

All I am trying to get to is that it is the middle that holds a nation together & the middle that should control the out come.

Reply
 
 
Jun 6, 2014 09:43:04   #
rickdri
 
UncleJesse wrote:
Thank you too.

I think that a disadvantage that banks have with gold is the limited supply. This would make them wary of lending too much money because if they had to get gold instead of cash to balance their sheets, they wouldn't risk it. It's easier for them to borrow something that can be printed when there is a run on withdraws or an economic crisis when too many debtors can't pay their loan back.


That's why we had the gold standard at one time! To prevent us from running up a debt such as we have done these past 40 years. Yes it is easier but it is very much more destructive for a currency to be able to borrow at as wanted. That's pretty much why we are in the trouble we are in today! We need to get our house in order and stop piling onto this already massive deficit! A gold standard would help to reign this in. People can never be trusted with a paper currency!

Reply
Jun 6, 2014 10:00:50   #
Floyd Brown Loc: Milwaukee WI
 
UncleJesse wrote:
Does China invest in a China, Greek or BRIC currency? No, they purchase US treasuries.

If China decides to exchange for Greek or BRIC treasuries there would be plenty holders of Greek or BRIC treasuries that would prefer to swap to US treasuries.

Worst case scenario? The US dollar might temporarily depreciate against some other currency that China decides to buy. This means that we would have a big opportunity to export stuff there.

This is how it would look if china dumped everything. And they'd want to get something more financially sound than Greek, BRIC or china RMB such as euro, pound, franc and yen. Those currencies would soar in value. In order for these countries to balance their sheets so they could import and export stuff with us at reasonable rates to control their trade balance, these countries would need ... to buy dollars.

China would then own treasuries in countries they preferred not to own in the first place while the US balance sheet would have no change.

This why it doesn't make sense for China to do that. They are invested in our success to stabilize their market and some gaming scheme to destroy the US economy so they can take the world currency lead can only occur when their economy is so valuable that everyone wants to invest their money there.
Does China invest in a China, Greek or BRIC curren... (show quote)


Just where are the rich people of the world investing their personal wealth? The West seems to be a sound target for a lot of of that money.

Reply
Jun 6, 2014 10:12:45   #
Floyd Brown Loc: Milwaukee WI
 
rickdri wrote:
That's why we had the gold standard at one time! To prevent us from running up a debt such as we have done these past 40 years. Yes it is easier but it is very much more destructive for a currency to be able to borrow at as wanted. That's pretty much why we are in the trouble we are in today! We need to get our house in order and stop piling onto this already massive deficit! A gold standard would help to reign this in. People can never be trusted with a paper currency!


It is not what money is backed by. It is who controls the supply of money.

Money for trade is like oil for an engine. It is only used to make things run smoothly.

Not to much or not to little.

To much money to little supply not good.

To much supply not enough money not good.

The more stable the moneys value the better.

Reply
Jun 6, 2014 10:18:04   #
Patty
 
Floyd Brown wrote:
Just remember it is just the Money Changers playing with money.

Every time some money changes hands some one is trying to keep a piece of it.

Most of the money is in to few hands.

With all of the talk about what is going to happen.

What is going to happen is that more of the money is going to end up in fewer hands.

What is going to change is or is changing is how the money is going to go through different hands.

Changing the Money Changers is not going to improve any thing for the average person.

There will be more Money Changers looking for their cut.

Now it is all well & good that we become aware of what is going on. But that is of little use to us unless we find ways to see that the money flows through the system better with more people getting a little more.

You hear so much about the poor free loaders & so little of the rich freeloaders.

Our pockets are being picked & a clear picture of how that picking is being done is not getting a true over all picture.

Most people want more. But is it a bad Idea to say at some point to say enough is enough?

What would be bad in a system where there is a top 10%, a bottom 10% & a middle of 80%. Where the middle had 80% of the wealth. Not every one has as much as any one else put every one has some thing.

All I am trying to get to is that it is the middle that holds a nation together & the middle that should control the out come.
Just remember it is just the Money Changers playin... (show quote)


:thumbup: :thumbup: Unfortunately the ones in control don't want to share. Floyd I just wrote a bit about James Rickard latest book and you might find his thinking interesting.

Reply
 
 
Jun 6, 2014 10:18:53   #
Patty
 
rickdri wrote:
That's why we had the gold standard at one time! To prevent us from running up a debt such as we have done these past 40 years. Yes it is easier but it is very much more destructive for a currency to be able to borrow at as wanted. That's pretty much why we are in the trouble we are in today! We need to get our house in order and stop piling onto this already massive deficit! A gold standard would help to reign this in. People can never be trusted with a paper currency!


:thumbup: :thumbup:

Reply
Jun 6, 2014 10:53:52   #
rickdri
 
Floyd Brown wrote:
It is not what money is backed by. It is who controls the supply of money.

Money for trade is like oil for an engine. It is only used to make things run smoothly.

Not to much or not to little.

To much money to little supply not good.

To much supply not enough money not good.

The more stable the moneys value the better.


Yes but in order for a currency to be stable it must be backed by something of value. At the moment our currency is backed by oil. That is slowly coming to an end as more and more nations are trading without the petrodollar. The BRIC nations are currently buying all of the gold they can. They are pushing hard to replace the dollar as the world's reserve currency. If we are not able to get our debt and spending under control quickly we will most likely see a new world currency within a short amount of time. Possibly a few years. It's impossible to pinpoint due to the world's current economic crisis.
When it happens you will likely see a basket of currencies comprised of the BRIC nations along with possibly the dollar. The dollar is becoming too unstable due to the massive deficits and out of control spending.
Another option are DSR's controlled by the International Monetary Fund. Either way we will see the dollars' influence over the world's trade diminish.

Reply
Jun 6, 2014 14:57:27   #
UncleJesse Loc: Hazzard Co, GA
 
Patty wrote:
China hasn't been buying treasuries for a couple years now.
http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html

Even US corps are trading in renminbi and is up 327% from April last year. So it looks like even Walmart is dumping the USD.
"Renminbi use surges in home of US dollar
Jun 4, 2014 11:28am by James Kynge

It is the monetary equivalent of what Chairman Mao called “bombarding the headquarters”. China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.

The reasons driving the upsurge are structural and long-term, said Debra Lodge, a managing director at HSBC in New York.

First, US importers can slash the cost of imports from China by agreeing to trade in renminbi rather than US dollars, Lodge said. Second, a recent surge in the popularity of a host of renminbi-denominated financial market instruments are making it easier for US corporates both to hedge currency risk and to earn an investment return from the renminbi they hold.

More…"
China hasn't been buying treasuries for a couple y... (show quote)


The c*******t relaxing of the allowed trading band is an increase in confidence that speculators no longer control it but it led to the drop in RMB value and now the open question is how it will play into Beijing's efforts to reduce debt and wasted investment while maintaining enough growth to keep employment stable. So far, the tell has been that expectations were high but it only led to a drop in value. It won't lead to financials swapping. Maybe some traders but that is all.

Reply
Jun 6, 2014 15:00:28   #
UncleJesse Loc: Hazzard Co, GA
 
rickdri wrote:
That's why we had the gold standard at one time! To prevent us from running up a debt such as we have done these past 40 years. Yes it is easier but it is very much more destructive for a currency to be able to borrow at as wanted. That's pretty much why we are in the trouble we are in today! We need to get our house in order and stop piling onto this already massive deficit! A gold standard would help to reign this in. People can never be trusted with a paper currency!


Both have disadvantages. Paper is the answer to a quick response to economic volatility. The debt occurs either way. Using gold prevents growth.

Reply
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