America's economic terrorism

Capitalism has turned into a rigged suckers game --a corporatocracy that is anti labor,anti middle class and whose only aim is the transfer of wealth upwards to the elites from the rest of us that do the actual work of this country. Why do we maintain a system/s that has been and will continue to eat up everything on the planet to the detriment of most of us ,when the economy is seemingly so fragile that a few hundred people can wreck the world monatary system and so many people's lives? The borders are wide open, the politicians are protecting the elites and the corporations that buy them into office ,wages have declined partly due to immigrants working cheaply and the military-industrial complex is doing just fine. We've got us a mess here. To paraphrase that German guy--"things are bad.They are going to get worse until the worst of all happens". And that's my good news for the day.

 

No I do not mean that. Perhaps you don't fully understand the means in which you're speaking of, credit is infinite in a sense. Yea, sure it's like ignorance in the sense it's ignoring the real value of things but it's how this world is going around. This discussion isn't really about the freedom you speak of, because in the system we are speaking of, if you participate, there is no actual freedom. Technically they can keep creating the means over and over again, and the only way the cycle will collapse is if everyone stops trading.

Istar, you sound somewhat educated on the topic, but at the same time I don't think you completely know what you're talking about. Originally you didn't accurately describe what China and Russia were doing with their currency. That is a choice both of them can make since their emergence as economic power, and is not politically motivated AGAINST the United States. Second, abSOfreakingLutely do countries care about the economic collapse of another... Just take a look what is going on in Europe. A centralization, that promotes real growth with the globe, is threatened by any Euro member's collapse. Also, China purchases many USD not only for materials and resources (and not even that much the ball is in their court with such things), but majorly for financial assets.

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We may be in Iraq over oil, but oil is always traded in USD. Even if the western world's capitalist fat cats gave a fair share of oil production over to sovereignty seeking Iraqis. (This is where there is a major Imperialistic theme and pressing of the American way).

I'm not sure how the Geitner and Bernanke can deny other countries inflation.....They can only diplomatically suggest monetary policies. They can't control foreign inflation with USD somehow just because it is the world reserve currency.

Your theory about the world leaving behind the USA for something more stable is really crackpot.

 

Foreign reserves are near 2/3 held in US dollars. This is slightly less than it was 3-4 years ago, but actually more than it was in the mid 90's. Dollar ain't going anywhere. Energy market is near all traded in dollars, most foreign reserves are in dollars, and the US is the top export destination for almost 70 countries

 

Umm Its kinda of obvious what china/russia have been doing, they have been quite clearly outspoken against the USD for how long now ? Why did you think gietner made a special trip to china not so long ago ? You do realize the USD is being liquidated from banks atm ? This is not something that is slowly moving about. The controlled media wants you to believe we are on the rise and that things are turning around, However this is stem revolts and anarchy. Its more serious then what you are being told and the fake news reports are there to put confusion in.

Oil was not always traded in USD, Oil since its a major world resource falls under the WTC agreements. IF the USD is removed from being the worlds reserve currency in this system, Oil will not be traded in USD and would conform to the new currency that is placed in. It is illegal for oil to be traded in another currency at this point, even though there is heavy demand for it to change, Europe is really pushing for the Euro to replace it.

Geitner denies inflation on the USD. due to our rather "printing money campaign that we have been doing and now bernake decided to deny this year on interview, rather then admitting to it last year lol. Our inflation is a big deal considering our position.. Its not like we can be like Zimbabwe atm with our currency.

Its seems your not understanding the pivotal role we are in, in regards with the WTC and G20.

Again other countries do not care, unless it involves them directly and effects them. Then and only then will they take measures to fix what they deem is needed... Otherwise we would not have the growing economic collapses out there like Zimbabwe.

 

This is essenitally all false. The global market of oil has basically always been traded in dollars. Pre WW2 the US was the largest producer in the world(and actually still are 4th or 5th), post WW2 the US dollar under the Brenton Woods system was the world's base currency, and all the Arab and other OPEC states built both their industries and economies based on dollars, in fact Saudi Arabia, Jordan, the UAE, Oman, Quarter and Bahrain still all have their currencies pegged to the dollar. The only country that can come close to the US for it's thirst for buying oil is China, and the yaun is essentially useless outside of China since it's not a freely traded currency, another reason why China does all it's international trade in dollars.

Banks are not liquidating US dollars, the hell, in fact since the Greek crisis, followed by the Irish crisis, followed by the soon to come Portguese crisis foreign reserves of dollars have gone slightly up compared to the Euro.

And our inflation rate is 1.3%, economists in general aren't concerned about inflation at all except Austrians who oppose any form of purposely created inflation, only people on the internet are, the more serious concern is deflation and falling into a lost decade like Japan did.

Seriously there's no pragmatic economic reason to think the dollar is going to either collapse or not be the world's reserve currency for at least another 50 years. People on the internet just like to believe it will so they can further their point on how evil Amerika is.

 

Competing currency being accepted across Mid-Michigan

Oil, Dollars, Euros And Dead Iraqi's

Trading oil in euros – does it matter?

Investors Liquidate 'Anti-USD' Trades ahead of FOMC Meeting

Citi: Central Banks Are Going To Start Dumping Dollars In The Coming Weeks!


Why are Investors Dumping Dollars?


Central Banks Dump $57 Billion Of US Agency Debt



Umm ok, They are not Ill go along with the crowd now

:Obviously theres a thousand more articles posted around the world then just these ~

 

Banks dumping dollars is just speculation that will never happen considering people have been saying it for years, and the Euro is just never going to replace anything, it's too unstable and the US buys more oil than the EU does from a much larger array of nations. A good deal of European oil comes from Russia.............which also uses dollars for international trade. In fact Russia is trying to rebuild it's foreign exchange reserves after having to had use most of its dollars in the recession to prop up the value of it's own currency. QE in itself doesn't cause giant inflation, ask Japan, they've been doing it for almost 20 years hoping to get inflation yet Japan still suffers from deflation at times. Printing money to buy up debt has sound economic reasoning, inter-governmental debt is easier to handle and refinance which means interest rates on outstanding debt is lower than it would be otherwise on the debt purchased.

 

Speculation before some significant factors that have arisen since September.

Good job at pointing out a pretty irrelevant and pointless tidbit that was brought up on the Daily Show last night. I'm sure you know what I'm talking about.

Also good job at posting links to articles that prove against your stated prophecy.

http://hken.ibtimes.com/articles/76...ate-anti-usd-trades-ahead-of-fomc-meeting.htm

Also, Articles from September?

 

someone should warn china that gold is in a bubble. the first ten months of this year they have bought 210 tons.. five times as much as all last year.

 

Fun fact, gold is also traded in dollars and the US holds almost 30% of all the world's official gold reserves.

 

Last I checked, I did not say I agree with everything posted in articles and I am not one for just looking at the one side of things ~ is there stuff being done to help the dollar in this mess, Most assuredly, Even as the madcapsypd said, US currency is everywhere in the world still being traded, and a massive inflation hike would affect more then just The U.S even with what the banks are doing across seas to stem this.

However Outright denial of the situation to me is insane. Also I do not think its going to be OMG they are going to pull the rug out from under the U.S. and watch all collapse, however history does show there is concern on that, and thats something not to be overlooked just by pure ignorance.

Also I assume most people actually read into things rather then needing a holding hand to figure things out. Or atleast can research what is being said. I do not hold hands well on this stuff and i will just throw stuff up with not much effort since its more of like "why should I even bother with you" When I say banks are cutting off USD, I am not saying it to just say it~ I'm saying it cause most def it is being done and in a serious way. And again think its absurd that the other person is going to need a hand in tracking it down ~

as for daily show, I do like jon stewart, however don't watch as much TV so miss it most of the time, So what did he have on it ? a stint thing with the nobel prize thing and china ? or something on russia, Not sure ~

 

neither one of those are facts. you kidding, right?

1 the chinese pay for gold in yuan. saying gold is traded in dollars is like saying blue jeans are traded in dollars
2 it takes more dollars now more than ever to buy gold

"holds" or OWN ? no one knows how much gold the usa has.. no audit for decades

 

Ron Paul is pushing for a gold audit on the U.S, He and others do not necessarily agree on our reserves. Will see what happens ~

 

China buys gold in dollars in foreign markets, especially China. It's one thing if it's Britain, Switzerland or another country with hard currency but the yaun is almost never used in international trade for the fact it's an undervalued currency that can't be traded freely on the markets which makes it useless to sellers. The gold market is dollar dominated just like the petro market, especially since until the Nixon shock the entire world operated on a system where their currency was pegged to the dollar and the dollar was pegged to gold.

 

so they are getting out of the dollar, and into gold

 

They can audit the gold all they want, minus some vast conspiracy it's still there. Why governments even hold onto gold anymore is a mystery aside from the fact it's valuable. It's almost never used in international transactions anymore except by poorer nations.

 

China isn't stupid. Gold has no intrinsic value and is no longer linked to a currency, no one is getting out of the dollar and into gold except ironically stupid Americans listening to Glenn Beck which are helping to drive the bubble.

 

how about to hedge against a dollar collapse

 

It's really not just Glen Beck, in fact, I didn't know Glen Beck was responsible for any of it. But many investment strategists have been suggesting diversification with precious metals. Not specifically just Gold either. Also it wasn't advertised as a major alternative because of fear of the dollar, but rather because of the forecasted bubble. Who is initially responsible for the bubble, I guess, can be left up to debate.

 

Dollar ain't pegged to gold, gold is as useless as holding as would be holding $500 billion worth of diamonds.

Actually diamonds in terms of price are substantially more stable, it would make more sense to hold diamonds.