Hip Forums Click for Zamnesia Headshop, Smartshop, Seedshop   Click to Chat

Thread Title Search    
Click to see Sexy Dolls
Hip Shops
Old 10-07-2010, 05:51 AM  
midgardsun midgardsun is offline
Senior Member
 
Join Date: Apr 2007
Location: midgard
Posts: 3,001
Default Currency war goes global

This will influence our lives more than anything else...

http://www.examiner.com/internationa...he-g-7-meeting

 


Extras
New Article
New Reply

Latest News
« Previous | Next »
You Rated this Thread:

Old 11-26-2011, 02:39 PM


midgardsun midgardsun is offline
Senior Member
Posts:3001
China, Russia to quit the dollar
Quote:
St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.
Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.
http://www.chinadaily.com.cn/cndy/20...t_11598626.htm
Add to midgardsun's Reputation  
Edit   Edit
Old 11-28-2011, 09:28 PM


midgardsun midgardsun is offline
Senior Member
Posts:3001
Prepare for riots in euro collapse, Foreign Office warns


http://www.telegraph.co.uk/news/poli...ice-warns.html
Add to midgardsun's Reputation  
Edit   Edit
Old 11-30-2011, 03:05 PM


midgardsun midgardsun is offline
Senior Member
Posts:3001
The final phase of exponential growth begins:
Quote:
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.
http://www.federalreserve.gov/newsev.../20111130a.htm
Add to midgardsun's Reputation  
Edit   Edit
Old 11-30-2011, 03:20 PM


midgardsun midgardsun is offline
Senior Member
Posts:3001
Quote:
"The world is watching Europe, waiting upon a solution. It's not just the euro that's at stake. If the euro fails, so too does the 27-nation European Union. Bank lending would freeze, stock markets would likely crash, and Europe's economies would follow. Nations in the euro-zone would see their economic output decline, though temporarily, by as much as 50%, according to UBS forecasters. That economic meltdown would then spread to the U.S. and Asia, who would find themselves caught up in the credit freeze while their exports to Europe would collapse."
Quote:
As yet more proof that the global financial house of cards is about to violently collapse, Standard & Poor's took action late yesterday to downgrade the ratings of key globalist banks (http://www.foxbusiness.com/industri...). Banks downgraded by S&P include:

• Citigroup
• Wells Fargo
• Bank of America
• Goldman Sachs
• JPMorgan Chase
• Morgan Stanley
• Barclays

... and many others. These ratings downgrades stemmed in part from the realization that failures of these banks may not be covered by governments which claim to insure their deposits.
http://www.naturalnews.com/034281_Eu...bt_crisis.html
Add to midgardsun's Reputation  
Edit   Edit
Old 12-16-2011, 11:49 AM


midgardsun midgardsun is offline
Senior Member
Posts:3001
Downgrading big banks II
Quote:
Fitch Downgrades 8 Global Banks Including BNP, SocGen, BofA, Deutsche, And Morgan Stanley
http://www.zerohedge.com/news/fitch-...tanley-and-ubs
Add to midgardsun's Reputation  
Edit   Edit
Old 12-18-2011, 07:34 AM


midgardsun midgardsun is offline
Senior Member
Posts:3001
Chinas take over of the banking world

http://www.zerohedge.com/news/charti...-stark-warning
Add to midgardsun's Reputation  
Edit   Edit
Old 01-13-2012, 06:50 PM


midgardsun midgardsun is offline
Senior Member
Posts:3001
Friday13 downgrades of Austria, Italy, France
Add to midgardsun's Reputation  
Edit   Edit
Old 01-26-2012, 06:24 PM


midgardsun midgardsun is offline
Senior Member
Posts:3001
The US are loosing their reserve currency status

Quote:
Since World War II, the United States has enjoyed the status of having the world’s reserve currency. After the war, the largest industrial nations got together in Bretton Woods, New Hampshire to work out rules for commercial and financial relations.
Quote:
Each nation adopted a monetary policy which tied its currency to the US dollar. At the time, US dollars were convertible to gold on demand, making for a sound currency and system.

In the late 60′s, the costs of the Vietnam war were escalating and France was worried that the US would not be able to cover their debts. French President Charles DeGaulle began converting their US debt into gold. This depleted the US Treasury and in 1971, President Nixon declared “force majeure” and essentially defaulted on US debt. This was done by ending the convertibility of US dollars to gold thus making the US dollar a fiat currency.
http://www.flipthepyramid.com/index....urrency-status
Add to midgardsun's Reputation  
Edit   Edit
Old 01-28-2012, 11:46 AM


midgardsun midgardsun is offline
Senior Member
Posts:3001
Add to midgardsun's Reputation  
Edit   Edit
Old 03-02-2012, 09:54 AM


midgardsun midgardsun is offline
Senior Member
Posts:3001
Add to midgardsun's Reputation  
Edit   Edit

Bookmarks

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

Smilies are On
[IMG] code is On
HTML code is Off

Hip Forums Home > News
All times are GMT +1. The time now is 10:25 AM.

The Hip Forums are intended for mature audiences for entertainment and educational purposes only. Hip Inc. doesn't encourage anyone to break laws, so know the law where you live. You are solely responsible for your actions on this site and illegal activities will be not be tolerated here.

Portal By vbPortal Version 3.8.1
Copyright ©2000 - 2014, vbPortal. All Rights Reserved.
Buy Posters Here!