De-DOLLARization world-wide
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Re: De-DOLLARization world-wide
Böhse Tante wrote:I do not want to discuss it widely, only as info, before it gets deleted too. I'm not an expert on economics and finance, stock market and such, but I found it an interesting view on it.
The Grand Finale Pt. I: Here Is What Is About To Happen To You...An Economic Love Story, or Fifty Shades of Green?
https://www.godlikeproductions.com/forum1/message2231767/pg1
Re: The Grand Finale Pt. II: Behind The Green Door...
https://www.godlikeproductions.com/forum1/message2410016/pg1
The Grand Finale Pt. III: Janet Does Davos (latest update p. 195)
There are only 161 pages left!!!
https://www.godlikeproductions.com/forum1/message2482412/pg1
Somewhere is mentioned one other Part that seems got deleted completely.
Some other threads about the topic:
The Grand Finale: We Are Now Witness To The Death Throes of Fiat! Renewed Relevance Because It's On Like Donkey Kong!!!
https://www.godlikeproductions.com/forum1/message2327919/pg1
Re: The Grand Finale: An Economic Love Story, The Video Series...
https://www.godlikeproductions.com/forum1/message2245475/pg1
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Good stuff, reading it ... even though I hate walls of text. So far the author describes profoundly the ending of the economic cycle, the "Peak Debt" ... the difference this time to the years before is going to be this: only the western fiat currencies going into hyperinflation, not the yuan or ruble (backed by gold, resourceful and functioning real economy) IMO Thanks for sharing, Tante.
Slovák- Guest
Re: De-DOLLARization world-wide
Yep, he wrote it years ago, and many people laughed about it. You can see what happened since then.
It's not clearly about De-Dollarization but gives a good insight what's the direction of global economics.
It's not clearly about De-Dollarization but gives a good insight what's the direction of global economics.
![Twisted Evil](https://2img.net/i/fa/i/smiles/icon_twisted.gif)
_________________
The main reason for my wish to change this society is that so many human skills have no chance to come to fruition. Instead they are used in a really sick way so that people are maintaining their own suffering from wars, hunger and illness. But it can not be changed "top-down", only in some kind of "grassroots revolution" or better "evolution" where more and more people work together to get rid of TPTB (whoever that is).
No need for a "big event" but development. One of my ideas to reach it: Don't play "their" games - don't use "their" rules - don't think in the box of "their" paradigms.
It's more "refuse" than "resist" - without too much ideology. You don't need to know much about "what's going on behind the curtains", it's mainly to create your own rules together with like-minded people.
That is what I mean with "I'm on the side of the people".
Ceterum censeo Imperium Americanum esse delendum.
Die Lage ist hoffnungslos aber nicht ernst.
Böhse Tante- Posts : 15581
Reputation : 135
Join date : 2019-03-17
Age : 65
Location : ECB City
Re: De-DOLLARization world-wide
Russia mulls using yuan & euro instead of US dollar for external loans in 2020
https://on.rt.com/a3o9
https://on.rt.com/a3o9
Slovák- Guest
Re: De-DOLLARization world-wide
Russian Finance Ministry prioritizing ruble borrowing, will consider euros, yuan – Siluanov +de-dollar
Interfax
Interfax
Slovák- Guest
Re: De-DOLLARization world-wide
Zuckerberg will tell Congress that Libra can bring financial services to the world’s 1.7 billion unbanked. And if Libra doesn’t do it, he said, China’s new central-bank crypto will. “The current system is failing them,” Zuckerberg said. “The financial industry is stagnant and there is no digital financial architecture to support the innovation we need. … I understand we’re not the ideal messenger right now. We’ve faced a lot of issues over the past few years, and I’m sure people wish it was anyone but Facebook … the U.S. might lose its “financial leadership” on the world stage if Libra is not allowed to launch, noting that “China is moving quickly to launch similar ideas in the coming months.”
https://www.coindesk.com/facebooks-ceo-defends-libra-says-financial-system-is-failing-users?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20
https://www.coindesk.com/facebooks-ceo-defends-libra-says-financial-system-is-failing-users?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20
Slovák- Guest
Re: De-DOLLARization world-wide
Banks May Cut Ties With Facebook If Libra Is Launched: ING CEO
https://twitter.com/zerohedge/status/1186930261348487169
https://twitter.com/zerohedge/status/1186930261348487169
Slovák- Guest
Re: De-DOLLARization world-wide
the US Federal Reserve announced plans to send up to $60 billion monthly for the purchase of US government debt to finance the budget. This will lead to an excessive infusion of dollars into the global economy," Sechin stated.
Global currency war possible due to weakening national currencies According to Rosneft CEO, this may be triggered by the economic and technological confrontation between the US and China, trade and tariff wars and US sanctions against major oil producers
https://tass.com/economy/1085107
Global currency war possible due to weakening national currencies According to Rosneft CEO, this may be triggered by the economic and technological confrontation between the US and China, trade and tariff wars and US sanctions against major oil producers
https://tass.com/economy/1085107
Slovák- Guest
Re: De-DOLLARization world-wide
The Non-Aligned Movement (NAM) community of 120 nations has the power to counter and defeat illegitimate US economic and sanctions pressure, Iranian President Hassan Rouhani has said. ... the expansion of state-to-state trade agreements, trade in local currencies, and the use of independent and alternative banking services, as well as cryptocurrencies, could help nations in this regard.
https://sputniknews.com/world/201910261077155517-irans-president-reveals-global-force-which-can-neutralize-us-dollar/?utm_source=https://t.co/1KHLo77omV&utm_medium=short_url&utm_content=AjsQ&utm_campaign=URL_shortening
https://sputniknews.com/world/201910261077155517-irans-president-reveals-global-force-which-can-neutralize-us-dollar/?utm_source=https://t.co/1KHLo77omV&utm_medium=short_url&utm_content=AjsQ&utm_campaign=URL_shortening
Slovák- Guest
Re: De-DOLLARization world-wide
Medvedev backs initiative of switching to payments in national currencies as part of SCO
Medvedev: SCO member states' cooperation reaches new level
Next SCO Heads of Govt Council meeting to take place in India
Interfax
Medvedev: SCO member states' cooperation reaches new level
Next SCO Heads of Govt Council meeting to take place in India
Interfax
Slovák- Guest
Re: De-DOLLARization world-wide
By increasingly funding projects in national currencies BRICS countries will raise their international weight - Putin
Interfax
Interfax
Slovák- Guest
Re: De-DOLLARization world-wide
Russia prepared to help Turkey register ruble bond program, timing unclear
Interfax
Interfax
Slovák- Guest
Re: De-DOLLARization world-wide
the central banks of Poland, China and Russia moved to diversify their reserves at the expense of the dollar, buying 374 tonnes of gold in the first half of this year,
The banks bought bullion worth a record $15.7 billion, accounting for one-sixth of total gold demand since the beginning of 2019
as many as twenty European banks are seeking a pan-European payment system to effectively rival theUS’ Visa and Mastercard, as well as technology monopolists like Google and PayPal.
https://sputniknews.com/business/201911171077329797-de-dollarisation-russia-yuan-euro/?utm_source=https://t.co/NrQQKLlkSp&utm_medium=short_url&utm_content=Ax5u&utm_campaign=URL_shortening
The banks bought bullion worth a record $15.7 billion, accounting for one-sixth of total gold demand since the beginning of 2019
as many as twenty European banks are seeking a pan-European payment system to effectively rival theUS’ Visa and Mastercard, as well as technology monopolists like Google and PayPal.
https://sputniknews.com/business/201911171077329797-de-dollarisation-russia-yuan-euro/?utm_source=https://t.co/NrQQKLlkSp&utm_medium=short_url&utm_content=Ax5u&utm_campaign=URL_shortening
Slovák- Guest
Re: De-DOLLARization world-wide
China is set to expand its bond market through a record sale of sovereign bonds in dollars ... determination to develop an orderly offshore dollar bond market for Chinese issuers ... and is an important funding source for domestic borrowers.
Dollar bond issuances slid in 2018 following the escalation of the trade war. Despite the further escalation of the trade war in 2019, dollar bond issuances have increased as US treasury yields have fallen.
The record China sale isn't huge relative to some other sovereign issues. Italy sold $7 billion of dollar bonds last month. Argentina sold $9 billion in January 2018.
And it makes sense why China is ramping up its dollar borrowing because once it displaces the dollar as a reserve currency with yuan, it would be cheaper to repay dollar debt as the dollar is crushed into oblivion.
https://www.zerohedge.com/markets/record-breaking-dollar-bond-offering-china-could-be-imminent
Dollar bond issuances slid in 2018 following the escalation of the trade war. Despite the further escalation of the trade war in 2019, dollar bond issuances have increased as US treasury yields have fallen.
The record China sale isn't huge relative to some other sovereign issues. Italy sold $7 billion of dollar bonds last month. Argentina sold $9 billion in January 2018.
And it makes sense why China is ramping up its dollar borrowing because once it displaces the dollar as a reserve currency with yuan, it would be cheaper to repay dollar debt as the dollar is crushed into oblivion.
https://www.zerohedge.com/markets/record-breaking-dollar-bond-offering-china-could-be-imminent
Slovák- Guest
Re: De-DOLLARization world-wide
the share of dollars held in global reserves has tumbled from 65.3% in the fourth quarter of 2016 to 61.8% in the second quarter of 2019. Meanwhile, the shares of allocated reserves are becoming more diversified as the euro, yuan, and yen have attained a greater representation in global reserves.
Major oil producers and some of the world’s largest exporters have halted the accumulation of U.S. debt securities. In October 2014, China and Russia signed a three-year ruble-yuan currency swap agreement worth up to $25 billion,
the current situation is unsustainable. You have a growing club of countries — very powerful countries.
Europe wants to do business with Iran. It doesn’t want to be subject to U.S. law for doing business with Iran,
In September 2017, the Russian government approved legislation that made the ruble the main currency of exchange at all Russian seaports. Zimbabwe, Venezuela, and Iran have either diminished their acceptance of the dollar or have refused it entirely. Germany has requested a new independent payment system, suggesting that it wants alternatives to the buck.
central banks have revealed their consternation as of late. According to the World Gold Council (WGC), central banks have purchased an all-time high of 375 tons of gold this year (so far). ... only account for one-fifth of the total global gold demand,
https://www.libertynation.com/will-the-global-de-dollarization-collapse-the-greenback/
Major oil producers and some of the world’s largest exporters have halted the accumulation of U.S. debt securities. In October 2014, China and Russia signed a three-year ruble-yuan currency swap agreement worth up to $25 billion,
the current situation is unsustainable. You have a growing club of countries — very powerful countries.
Europe wants to do business with Iran. It doesn’t want to be subject to U.S. law for doing business with Iran,
In September 2017, the Russian government approved legislation that made the ruble the main currency of exchange at all Russian seaports. Zimbabwe, Venezuela, and Iran have either diminished their acceptance of the dollar or have refused it entirely. Germany has requested a new independent payment system, suggesting that it wants alternatives to the buck.
central banks have revealed their consternation as of late. According to the World Gold Council (WGC), central banks have purchased an all-time high of 375 tons of gold this year (so far). ... only account for one-fifth of the total global gold demand,
https://www.libertynation.com/will-the-global-de-dollarization-collapse-the-greenback/
Slovák- Guest
Re: De-DOLLARization world-wide
BRICS Nations Discuss Shared Crypto To Break Away From USD And SWIFT
Chinese have been researching the possibility of issuing a gold-backed token due to the country’s access to natural mineral reserves in Africa through China’s Belt and Road Initiative
what is new here is the willingness to enact it and for evidence of this there is absolute clarity. Trump has made transparent the long established use of the financial instrument of the dollar to pressurise Iran, Russia, China, etc for non-financial gain.
Chinese authorities are interested not only in the development of a unified cryptocurrency for settlements with BRICS countries but also in the launch of a national cryptocurrency that would serve as a shield against the economic adversary
Chinese analysts fear that the development of a global digital currency by a company, which is regarded to have strong affiliations with the U.S., would threaten the existence of national currencies and weaken their exchange rates. Such a stablecoin backed by the U.S. dollar may increase the power of its penetration into the global economy and thus solidify the political positions of Washington.
it could be tied to the value of another cryptocurrency, she told Russian media outlet Dp, “but in this case, it’s impossible to avoid either the continuation of the U.S. dollar’s monopoly,” or it can be pegged to the price of a raw material or a good, but then the risk of market manipulation becomes a threat. She concluded: “The third option is a link to gold, and taking into account the latest Basel Accords, such a decision seems very convincing and timely."
https://cointelegraph.com/news/brics-nations-discuss-shared-crypto-to-break-away-from-usd-and-swift
Chinese have been researching the possibility of issuing a gold-backed token due to the country’s access to natural mineral reserves in Africa through China’s Belt and Road Initiative
what is new here is the willingness to enact it and for evidence of this there is absolute clarity. Trump has made transparent the long established use of the financial instrument of the dollar to pressurise Iran, Russia, China, etc for non-financial gain.
Chinese authorities are interested not only in the development of a unified cryptocurrency for settlements with BRICS countries but also in the launch of a national cryptocurrency that would serve as a shield against the economic adversary
Chinese analysts fear that the development of a global digital currency by a company, which is regarded to have strong affiliations with the U.S., would threaten the existence of national currencies and weaken their exchange rates. Such a stablecoin backed by the U.S. dollar may increase the power of its penetration into the global economy and thus solidify the political positions of Washington.
it could be tied to the value of another cryptocurrency, she told Russian media outlet Dp, “but in this case, it’s impossible to avoid either the continuation of the U.S. dollar’s monopoly,” or it can be pegged to the price of a raw material or a good, but then the risk of market manipulation becomes a threat. She concluded: “The third option is a link to gold, and taking into account the latest Basel Accords, such a decision seems very convincing and timely."
https://cointelegraph.com/news/brics-nations-discuss-shared-crypto-to-break-away-from-usd-and-swift
Slovák- Guest
Re: De-DOLLARization world-wide
Venezuela offers to pay companies in yuan as workaround to US sanctions – report
https://twitter.com/SputnikInt/status/1200012711540580352
https://twitter.com/SputnikInt/status/1200012711540580352
Slovák- Guest
Re: De-DOLLARization world-wide
UK first European country to adopt Russia's Mir payment scheme, more set to follow
https://twitter.com/SputnikInt/status/1200005161772572672
https://twitter.com/SputnikInt/status/1200005161772572672
Slovák- Guest
Re: De-DOLLARization world-wide
Russia Has Dumped Its Entire US Bonds Portfolio — $100 Billion in Two Months https://t.co/rhAQdTkh7X
— dai truong (@GabrielTruong) December 7, 2019
_________________
"This is not a new world, it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom. But like every one of the super-states that preceded it, it has one iron rule: logic is an enemy and truth is a menace." - "The Obsolete Man" - The Twilight Zone, 1961
"I assure you, ladies and gentlemen that, very soon history will show that we and our allies have fought a war on behalf of the whole world against terrorism supported by governments that will be held accountable by its own people..."
Quoting Dostoyevsky:
"Rest assured, hell is big enough for all. It doesn't deserve this fierce competition over who will be the worst." - Dr. Bashar Jaafari, UNSC session, 22nd of February, 2018
Re: De-DOLLARization world-wide
Russian Market
@russian_market
·
12m
Russia may consider cutting US dollars in Wealth Fund this year: TASS
@russian_market
·
12m
Russia may consider cutting US dollars in Wealth Fund this year: TASS
_________________
"This is not a new world, it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom. But like every one of the super-states that preceded it, it has one iron rule: logic is an enemy and truth is a menace." - "The Obsolete Man" - The Twilight Zone, 1961
"I assure you, ladies and gentlemen that, very soon history will show that we and our allies have fought a war on behalf of the whole world against terrorism supported by governments that will be held accountable by its own people..."
Quoting Dostoyevsky:
"Rest assured, hell is big enough for all. It doesn't deserve this fierce competition over who will be the worst." - Dr. Bashar Jaafari, UNSC session, 22nd of February, 2018
Re: De-DOLLARization world-wide
Here I found an older text (2008) about the importance of the Petro-Dollar:
https://www.hintergrund.de/wirtschaft/finanzwelt/finanzpolitische-hintergruende-der-aktuellen-geopolitik/
And there is the important background knowledge what the aggression against Russia, China, Iran, Venezuela and others really is about. But also, why the USA can survive as import-champion, and the dangers of the de-dollarization for the USA. Because their whole economy and militarisation depends on the Petro-Dollar and the control of the financial markets.
It's a longer text in German, but the best and shortest analysis I've ever got. Methinks it's too long to put the translation here.
![Cool](https://2img.net/i/fa/i/smiles/icon_cool.gif)
https://www.hintergrund.de/wirtschaft/finanzwelt/finanzpolitische-hintergruende-der-aktuellen-geopolitik/
And there is the important background knowledge what the aggression against Russia, China, Iran, Venezuela and others really is about. But also, why the USA can survive as import-champion, and the dangers of the de-dollarization for the USA. Because their whole economy and militarisation depends on the Petro-Dollar and the control of the financial markets.
It's a longer text in German, but the best and shortest analysis I've ever got. Methinks it's too long to put the translation here.
![Cool](https://2img.net/i/fa/i/smiles/icon_cool.gif)
_________________
The main reason for my wish to change this society is that so many human skills have no chance to come to fruition. Instead they are used in a really sick way so that people are maintaining their own suffering from wars, hunger and illness. But it can not be changed "top-down", only in some kind of "grassroots revolution" or better "evolution" where more and more people work together to get rid of TPTB (whoever that is).
No need for a "big event" but development. One of my ideas to reach it: Don't play "their" games - don't use "their" rules - don't think in the box of "their" paradigms.
It's more "refuse" than "resist" - without too much ideology. You don't need to know much about "what's going on behind the curtains", it's mainly to create your own rules together with like-minded people.
That is what I mean with "I'm on the side of the people".
Ceterum censeo Imperium Americanum esse delendum.
Die Lage ist hoffnungslos aber nicht ernst.
Böhse Tante- Posts : 15581
Reputation : 135
Join date : 2019-03-17
Age : 65
Location : ECB City
Re: De-DOLLARization world-wide
"We consider that de-pegging from the dollar in mutual settlements is an objective response to the unpredictability of the U.S. economic policy and the outright abuse by Washington of the dollar's status as a world reserve currency," Lavrov said.
Together with our main partners,
..China and Turkey
... Within BRICS
...including India,
The agreement on a free trade zone between the Eurasian Economic Union and India which is currently being negotiated should also contribute to this,"
http://www.interfax.com/newsinf.asp?pg=3&id=947704
Together with our main partners,
..China and Turkey
... Within BRICS
...including India,
The agreement on a free trade zone between the Eurasian Economic Union and India which is currently being negotiated should also contribute to this,"
http://www.interfax.com/newsinf.asp?pg=3&id=947704
Slovák- Guest
Re: De-DOLLARization world-wide
Let the dollar debate begin... https://t.co/TBykTKviGM
— Patrick Henningsen (@21WIRE) 20. Januar 2020
_________________
The main reason for my wish to change this society is that so many human skills have no chance to come to fruition. Instead they are used in a really sick way so that people are maintaining their own suffering from wars, hunger and illness. But it can not be changed "top-down", only in some kind of "grassroots revolution" or better "evolution" where more and more people work together to get rid of TPTB (whoever that is).
No need for a "big event" but development. One of my ideas to reach it: Don't play "their" games - don't use "their" rules - don't think in the box of "their" paradigms.
It's more "refuse" than "resist" - without too much ideology. You don't need to know much about "what's going on behind the curtains", it's mainly to create your own rules together with like-minded people.
That is what I mean with "I'm on the side of the people".
Ceterum censeo Imperium Americanum esse delendum.
Die Lage ist hoffnungslos aber nicht ernst.
Böhse Tante- Posts : 15581
Reputation : 135
Join date : 2019-03-17
Age : 65
Location : ECB City
Re: De-DOLLARization world-wide
India, Iran ditch US dollar and then see rise in trade.https://t.co/NfmVfYHjFE
— MatsNilsson (@mazzenilsson) February 13, 2020
Wait, WOT, if you leave out the dollar the economy is improving?
![Twisted Evil](https://2img.net/i/fa/i/smiles/icon_twisted.gif)
_________________
The main reason for my wish to change this society is that so many human skills have no chance to come to fruition. Instead they are used in a really sick way so that people are maintaining their own suffering from wars, hunger and illness. But it can not be changed "top-down", only in some kind of "grassroots revolution" or better "evolution" where more and more people work together to get rid of TPTB (whoever that is).
No need for a "big event" but development. One of my ideas to reach it: Don't play "their" games - don't use "their" rules - don't think in the box of "their" paradigms.
It's more "refuse" than "resist" - without too much ideology. You don't need to know much about "what's going on behind the curtains", it's mainly to create your own rules together with like-minded people.
That is what I mean with "I'm on the side of the people".
Ceterum censeo Imperium Americanum esse delendum.
Die Lage ist hoffnungslos aber nicht ernst.
Böhse Tante- Posts : 15581
Reputation : 135
Join date : 2019-03-17
Age : 65
Location : ECB City
Re: De-DOLLARization world-wide
RUSSIA HAS REDUCED INVESTMENTS IN U.S. GOVERNMENT SECURITIES TO $9.9 BILLION: TASS
— First Squawk (@FirstSquawk) February 19, 2020
_________________
The main reason for my wish to change this society is that so many human skills have no chance to come to fruition. Instead they are used in a really sick way so that people are maintaining their own suffering from wars, hunger and illness. But it can not be changed "top-down", only in some kind of "grassroots revolution" or better "evolution" where more and more people work together to get rid of TPTB (whoever that is).
No need for a "big event" but development. One of my ideas to reach it: Don't play "their" games - don't use "their" rules - don't think in the box of "their" paradigms.
It's more "refuse" than "resist" - without too much ideology. You don't need to know much about "what's going on behind the curtains", it's mainly to create your own rules together with like-minded people.
That is what I mean with "I'm on the side of the people".
Ceterum censeo Imperium Americanum esse delendum.
Die Lage ist hoffnungslos aber nicht ernst.
Böhse Tante- Posts : 15581
Reputation : 135
Join date : 2019-03-17
Age : 65
Location : ECB City
Re: De-DOLLARization world-wide
RT
@RT_com
·
6h
Oil price war will expedite the end of petrodollar & rise of Chinese-Russian currency– RT’s Max Keiser
#oilwar
https://on.rt.com/acg3
@RT_com
·
6h
Oil price war will expedite the end of petrodollar & rise of Chinese-Russian currency– RT’s Max Keiser
#oilwar
https://on.rt.com/acg3
_________________
"This is not a new world, it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom. But like every one of the super-states that preceded it, it has one iron rule: logic is an enemy and truth is a menace." - "The Obsolete Man" - The Twilight Zone, 1961
"I assure you, ladies and gentlemen that, very soon history will show that we and our allies have fought a war on behalf of the whole world against terrorism supported by governments that will be held accountable by its own people..."
Quoting Dostoyevsky:
"Rest assured, hell is big enough for all. It doesn't deserve this fierce competition over who will be the worst." - Dr. Bashar Jaafari, UNSC session, 22nd of February, 2018
Re: De-DOLLARization world-wide
Forget the oil prices, the whole US dollar bubble is deflating – Peter Schiff to RT — RT Business News https://t.co/jdjIe8Gn2R
— Victor Kuhnovets (@vicktop55) March 10, 2020
_________________
The main reason for my wish to change this society is that so many human skills have no chance to come to fruition. Instead they are used in a really sick way so that people are maintaining their own suffering from wars, hunger and illness. But it can not be changed "top-down", only in some kind of "grassroots revolution" or better "evolution" where more and more people work together to get rid of TPTB (whoever that is).
No need for a "big event" but development. One of my ideas to reach it: Don't play "their" games - don't use "their" rules - don't think in the box of "their" paradigms.
It's more "refuse" than "resist" - without too much ideology. You don't need to know much about "what's going on behind the curtains", it's mainly to create your own rules together with like-minded people.
That is what I mean with "I'm on the side of the people".
Ceterum censeo Imperium Americanum esse delendum.
Die Lage ist hoffnungslos aber nicht ernst.
Böhse Tante- Posts : 15581
Reputation : 135
Join date : 2019-03-17
Age : 65
Location : ECB City
Re: De-DOLLARization world-wide
WORD!!!https://t.co/6L1qL5Hqf8
— Mark Twain was right, stick with a Dog!(@DogsareLoyal1s) March 14, 2020
_________________
The main reason for my wish to change this society is that so many human skills have no chance to come to fruition. Instead they are used in a really sick way so that people are maintaining their own suffering from wars, hunger and illness. But it can not be changed "top-down", only in some kind of "grassroots revolution" or better "evolution" where more and more people work together to get rid of TPTB (whoever that is).
No need for a "big event" but development. One of my ideas to reach it: Don't play "their" games - don't use "their" rules - don't think in the box of "their" paradigms.
It's more "refuse" than "resist" - without too much ideology. You don't need to know much about "what's going on behind the curtains", it's mainly to create your own rules together with like-minded people.
That is what I mean with "I'm on the side of the people".
Ceterum censeo Imperium Americanum esse delendum.
Die Lage ist hoffnungslos aber nicht ernst.
Böhse Tante- Posts : 15581
Reputation : 135
Join date : 2019-03-17
Age : 65
Location : ECB City
Re: De-DOLLARization world-wide
the chairman of the China Banking and Insurance Regulatory Commission delivered a strong warning on the U.S. currency this week:
A. The Fed is the de facto central bank of the world. When its policy targets its own economy without considering the spillover effect, the Fed is “very likely to overdraft the credit of the dollar and the U.S.”
B. The pandemic may persist for a long period of time, and countries keep throwing money at the problem with a diminished impact. “It is recommended that you think twice and reserve some policy space for the future.”
C. There is no free lunch. Watch out for inflation.
D. Financial markets are disconnected from the real economy, and such distortions are “unprecedented.” It’s going to be “really painful,” when the policy withdrawal starts.
“Some people say: ‘Domestic debt is not debt, but external debt is debt. For the United States, even external debt is not debt. This seems to have been the case for quite some time in the past, but can it really last for a long time in the future?”
https://www.zerohedge.com/markets/beijing-sounds-alarm-about-dollars-reserve-status
A. The Fed is the de facto central bank of the world. When its policy targets its own economy without considering the spillover effect, the Fed is “very likely to overdraft the credit of the dollar and the U.S.”
B. The pandemic may persist for a long period of time, and countries keep throwing money at the problem with a diminished impact. “It is recommended that you think twice and reserve some policy space for the future.”
C. There is no free lunch. Watch out for inflation.
D. Financial markets are disconnected from the real economy, and such distortions are “unprecedented.” It’s going to be “really painful,” when the policy withdrawal starts.
“Some people say: ‘Domestic debt is not debt, but external debt is debt. For the United States, even external debt is not debt. This seems to have been the case for quite some time in the past, but can it really last for a long time in the future?”
https://www.zerohedge.com/markets/beijing-sounds-alarm-about-dollars-reserve-status
Slovák- Guest
Re: De-DOLLARization world-wide
China, Russia bracing for SWIFT Iran-scenario embargo
Chinese officials have announced that Beijing should start really getting ready for this.
SWIFT is itself absolutely against these sanctions since the payment system could lose a huge number of clients because a contract on connecting to SWIFT is signed with each bank separately, not the country,
https://tass.com/pressreview/1171389
Chinese officials have announced that Beijing should start really getting ready for this.
SWIFT is itself absolutely against these sanctions since the payment system could lose a huge number of clients because a contract on connecting to SWIFT is signed with each bank separately, not the country,
https://tass.com/pressreview/1171389
Slovák- Guest
Re: De-DOLLARization world-wide
Money and debt are like matter and antimatter: when they come together in a financial black hole they cease to exist. A financial cytokine storm is bound to hit the over-owned US dollar first, being everyone’s international fiat currency. Its purchasing power measured initially against other currencies declines, and then against commodities, energy and the values of life’s essentials. The marker for this outcome is the price of gold, rising strongly and increasingly likely to cause its own crisis for bullion banks, which are currently committed to losses of $38bn on the Comex gold futures contract alone. The only solution for the US is to accept a return to gold. But that is wholly against the DNA of the Fed and US Treasury, and it would hand unacceptable power to the Chinese, who have cornered the physical gold market.
the pound is unlikely to survive a dollar collapse, which for any serious student of money, is becoming a certainty.
https://www.zerohedge.com/markets/pounds-future-dollar-collapse
the pound is unlikely to survive a dollar collapse, which for any serious student of money, is becoming a certainty.
https://www.zerohedge.com/markets/pounds-future-dollar-collapse
Slovák- Guest
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