Casper Posted May 1, 2012 Report Share Posted May 1, 2012 http://www.businessinsider.com/the-media-wont-touch-this-story-about-the-end-of-the-us-dollar-2012-4 Quote Link to comment Share on other sites More sharing options...
Cheech Posted May 1, 2012 Report Share Posted May 1, 2012 Yawn. China won't give up the dollar because they've been fucking with the yuan too much, and their house of cards would fall down. No one's going to the Euro while there's still massive uncertainty in their financial sector and austerity/bailouts are still taking place. So who does that leave? Russia and the ruble? The oft-touted "basket of currencies"?Nope, love it or hate it, the Dollar is still the stablest of the currency solutions currently. Sure people will start saber-rattling when the exchange rates aren't going their way, but that's all that is. Quote Link to comment Share on other sites More sharing options...
Casper Posted May 1, 2012 Author Report Share Posted May 1, 2012 Yawn. China won't give up the dollar because they've been fucking with the yuan too much, and their house of cards would fall down. No one's going to the Euro while there's still massive uncertainty in their financial sector and austerity/bailouts are still taking place. So who does that leave? Russia and the ruble? The oft-touted "basket of currencies"?Nope, love it or hate it, the Dollar is still the stablest of the currency solutions currently. Sure people will start saber-rattling when the exchange rates aren't going their way, but that's all that is.I think you missed the point here. They aren't replacing the dollar with one currency at all. They're simply not using the dollar exclusively anymore. That's the big change. This means countries like China, Russia, etc no longer need to use the USD to purchase oil. That means our bargaining chip is shrinking considerably, and the value of the dollar overseas is being reduced. Quote Link to comment Share on other sites More sharing options...
kawi kid Posted May 1, 2012 Report Share Posted May 1, 2012 I think you missed the point here. They aren't replacing the dollar with one currency at all. They're simply not using the dollar exclusively anymore. That's the big change. This means countries like China, Russia, etc no longer need to use the USD to purchase oil. That means our bargaining chip is shrinking considerably, and the value of the dollar overseas is being reduced.Last summer the guy who does the survival podcast pointed this out as well. Quote Link to comment Share on other sites More sharing options...
ReconRat Posted May 1, 2012 Report Share Posted May 1, 2012 shoot .... typed out a long response and hit advanced... and it all vanished... screw it Quote Link to comment Share on other sites More sharing options...
kawi kid Posted May 2, 2012 Report Share Posted May 2, 2012 shoot .... typed out a long response and hit advanced... and it all vanished... screw itFuck it. The shits already hitting the fan its just taking its time to oscillate in our direction. Quote Link to comment Share on other sites More sharing options...
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