The demise of the dollar? Reserve currencies in the era of ‘going big’

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chadh2o

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BIS (Bureau of International Settlements) has instituted Basel3. It starts implementation June 26. This is the beginning. The international banking groups are bitching and the LBMA in London is screaming.
When an organization can print currency at ZERO cost and purchase oil, coal, silver, wheat, ect, the other side starts to push back. We are here.
Gold will become a Tier 1 asset, equal to US Treasury bonds. In 5 years, gold becomes a supera tier asset.
Hopefully the US does have the 8,500 tons. China has 20,000 tons and is still purchasing. Russia is selling dollars and buying gold.
Settling international trade in gold may become the future.
 

cowadle

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i can remember in 2011 i think not sure though about the exact time. that the european countries and china were getting their gold back out of the usa. word then was we were getting low. the dollar hasn't been tied to gold for a long time
 

John6185

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It's coming....so is the third world. ....look at the border, think those people will live the American dream when it crashes ?...They'll show US how to live in a third world nation....
This is a true statement! We are not bring in scientists, educators, physicians and people who are going to add to our society, the politicians are bringing in criminals, perverts, people of base means who have no job skills, education or American values. They know of and are coming her because of the benefits, they are put up in fine hotels and our National Guard in DC sleeps on the cement floor of a parking garage and the Democrat congress gives them no honor, no courtesy.
 
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ForsakenConservative

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I don’t know cow pies from shinola, but I believe intentional collapsing of the dollar has been in work since Nixon finished what FDR started. “Inflation” (devaluation) is just a way to increase the volume of dollars changing hands for any given transaction (the “value” of the transaction did not change). Since most tax revenue is based on percentages of those transactions, tax “revenue” increases. I believe simply increasing revenue to pay war debt was initially the only goal, but politician greed has left the collapse of the fiat currency we now have inevitable. I wouldn’t argue against the mixed bag of reserve currencies idea, but I really think they would prefer a digital currency that they can track, and tax EVERY transaction. I would also bet most socialist demoncrats would openly tell you that is their goal, since it’s “the government’s money” anyhow. As far as gold is concerned, I always wondered why all those companies are willing to sell you “the only thing that has never been worthless” in exchange for dollars, because they don’t expect you’ll be allowed to keep it. I remembered what FDR did (by executive order); he demanded all bullion be “sold” to the IRS for the fixed price. Once he was satisfied nearly all had been collected, he “raised” the price to make it look on paper that the government was on better financial footing. I’m not buying gold, you can’t eat it or shoot it anyhow. I’m working to get out of debt as fast as possible. Nazi Germany used confiscated real estate as the basis of their new currency. If you think that can’t happen to you, just consider the fact that most mortgages are underwritten by Fannie Mae or Freddie Mac......the government already holds it. Keep your powder dry, folks!
Sorry for the long rant........
 

cowadle

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If you watch the programming I/we do then you have heard tell it is already underway and that 45 has our backs..
Only time will tell..

it's been going on for a long time. probably three presidents really printed the crapola out of the dollar. 45 printed quite allot also but if he would have been given a half a chance in his first term and a second term then maybe just maybe we could have pulled back some. but it is obvious to me that the rino's are sold out also. to me the key is the world reserve status and that is rapidly being eroded by the current leadership who i think are heavily invested in it's demise. a few politicians are set to benefit greatly but most of us will suffer.
 

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