URGENT! READ THIS POST — Death Knell For U.S. $

The majority of Americans are absolutely ignorant about money and how it works.  Consequently, many of us have absolutely no idea what it would mean if the world were to un-pin from the U.S. dollar.  There was a video produced by a well-known and highly regarded U.S. economist and investor that explains what would happen (I apologize, I couldn’t find it).  When he was on FOX, Beck spent several weeks on this issue, as well.  Basically, if the U.S. dollar is abandoned as the world reserve currency, we will cease to be a world power within two weeks!  In two weeks or less, our money will be worthless on the world market.  You will see oil soar to over $400+/barrel, which means most of us will no longer be able to buy gas – let alone pay our electric bill or even buy food.  In short, we will become the Weimar Republic (which is one reason I have been urging you to learn about the Weimar Republic).  Well, it has begun:

So Long, Yankees! China And Brazil Ditch US Dollar In Trade Deal Before BRICS Summit

The deal, which extends over a three-year period and amounts to an exchange of about $30 billion in trade per year, marks the latest effort among two of the world’s largest emerging economies to shift the dynamics of international trade that have long favored the U.S. dollar.

Watch Out, World Bank: Here Comes the BRICS Bank

Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias.

Neither Russia nor the Chinese think the U.S. is there friend.  If they could destroy us, they would.  Well, they are well aware of our vulnerability to the world abandoning the U.S. dollar as its reserve currency, but up until now, they needed to keep the U.S. dollar in that position because their economies were tied to it.  But no longer: now they are approaching a position where they can survive without the U.S.  Once they believe they are there, they can easily remove us from the world scene by doing nothing more than removing the U.S. dollar from its thrown – and these stories are a warning that they are preparing to do just that.

US rivals ‘plotting to end oil trading in dollars’

China, Russia, Japan and several of the most powerful Gulf States are actively plotting to end the decades-old practice of buying and selling oil in dollars, the Independent claimed today.

The newspaper said the plan is for the US currency to be replaced for trading oil by a basket of currencies, including the Japanese yen, the Chinese yuan, the euro, gold and a new, single currency for the Gulf states. If executed, the move would be a significant blow to the dollar’s position as the premier world currency and would potentially threaten America’s position as the world’s leading economy.

Once oil is un-pinned from the U.S. dollar, we cease to be a player on the world stage.  Start making plans to live in this new world: it is coming, and coming sooner than I had feared.

[NOTE: this is what happens when you elect leaders who are so arrogant as to think they are important enough or ‘smart enough’ that they can control the rest of the world.  Sooner or later, they find out that there are people in the world who do not acknowledge their self-indulgent delusions of greatness and they go their own way.]

8 thoughts on “URGENT! READ THIS POST — Death Knell For U.S. $

  1. What happens to China when we stop importing their goods. Since most of their exports wind up here maybe the Longshoremen can just stop unloading their crap. Let them sell to the BRIC countries and other wanting to do us in.
    Regardless, difficult times are coming because our elected politicians have sold us all down the river and most of the population now is in the boat with them headed over the falls.

    • Chhelo,

      I deal with some Chinese companies. They have a faster growing domestic market than we have. This is the point: China is moving in a direction so they will not need us. They have already dumped a large part of our debt they once held. DO NOT underestimate or dismiss this. It’s only American arrogance that makes us believe the world needs us. It doesn’t — not any more.

  2. Joe,

    Sad to say but true. We have 2 clients looking at helicopters we have for sale and if all goes well we will be exporting to China. At least they can send us some of the US$’s back we sent over there. We have sold and purchased several from China in the past and spent time over there as well. People are very friendly and the only negative is the long plane ride over. My above post is just me blowing off steam, created mostly by our failure to run our own economy so that we can keep that #1 ranking.

    • Chhelo,

      It’s cool. But you need to remember that the people running things now WANT our economy to tank. They see that as “justice” for all the wrongs they believe we committed in the past. Funny thing, huh? They will punish the children for the crimes of their parents and grandparents and call that justice. Only in the mind of the collectivist…

  3. Sad to say but this is a direct result of exporting our manufacturing processes to third world Countries.

    Used to be that every one wanted jeans made here. Now those same products are made overseas and shipped here.

    Used to be that every one wanted the electronics that were manufactured here. Now we manufacture few electronic products as our plants were shipped overseas and they learned that we were unnecessary.

    Could go on forever I think, but hope you got the idea.

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