The petrol dollar days are numbered = SHTF
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  1. #1
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    The petrol dollar days are numbered = SHTF

    China and Russia have removed the US Dollar from their trade
    China is rushing its trade agreement with Brazil
    China, Russia, Brazil, India, and now South Africa are moving to trade more in their own currencies (not the US Dollar)
    Saudi Arabia is moving to formalize trade with China and Russia
    Singapore is moving to trade yuan

    The trend here is obvious. The US Dollar’s reign as the world’s
    reserve currency is ending. The process will take time to unfold. But
    the Dollar will be finished as reserve currency within the next five
    years.
    Yes, the days of the U.S. dollar being the primary reserve currency of the world are definitely numbered.

    It will not happen overnight, but as the U.S. economy continues to get weaker
    it is inevitable that the rest of the world will continue to question
    why the U.S. dollar should automatically have such a dominant position
    in international trade.
    Over the next few years, keep a close eye on Saudi Arabia.

    When Saudi Arabia announces a move away from the petrodollar system,
    that will be a major trigger event for the global financial system and
    it will be a really, really bad sign for the U.S. economy.
    The level of prosperity that we are enjoying today would not be
    possible without the petrodollar system. Once the petrodollar system
    collapses, a lot of our underlying economic vulnerabilities will be
    exposed and it will not be pretty.
    Tough times are on the horizon. It is imperative that we all get informed and that we all get prepared.

    If you are not familiar with the Petrol Dollar term, do some research and you will understand.
    "Politicians are the lowest form of life on Earth. Liberal Democrats are the lowest form of politician"

    - General George S. Patton

  2. #2
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    I'm not an expert on the petrol dollar. I will look into later when I get a chance. But when it comes to the world economy relatively speaking America is doing better than most of the world. Its still seen by many as being the safest place to be. And Saudi Arabia, even though I certainly dont trust them are a fairly strong ally of ours. They like selling us their oil. And they like the fact that our army is ready to protect them, in the past from Saddam and in the future from other potential aggressors. America, even with all its problems still seems better and stronger than most.

  3. #3
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    China will be SA's largest oil partner in the near future and China will not be using the US petrol dollar in its transactions.
    "Politicians are the lowest form of life on Earth. Liberal Democrats are the lowest form of politician"

    - General George S. Patton

  4. #4
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    Yes, but this is clearly what "The People" wanted when they voted for Obama again. I just can't wait until they look in the mirror and figure out they cut their own noses off, ah but then the democrats will just convince them that republicans did it and get their votes again. Smell that? (sniff sniff sniff) oh that's ok it's only meggots coming home to roost. Enjoy All!
    Nothing is magic, it works or doesn't work for a reason.

  5. #5
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    "The people" are uneducated. They don't know how the world works or who is in charge.
    "Politicians are the lowest form of life on Earth. Liberal Democrats are the lowest form of politician"

    - General George S. Patton

  6. #6
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    Quote Originally Posted by billg View Post
    Yes, but this is clearly what "The People" wanted when they voted for Obama again. I just can't wait until they look in the mirror and figure out they cut their own noses off, ah but then the democrats will just convince them that republicans did it and get their votes again. Smell that? (sniff sniff sniff) oh that's ok it's only meggots coming home to roost. Enjoy All!
    Curious as to how Obama and the Democrats decided that other countries should move off using the petrol dollar. The war with Iraq was over this very issue, the WMD thing was just a smoke screen. I guess the neo-con way of dealing with it is to just let the bombs fly - good luck with convincing Russia, China, etc. that bombing them is a good idea.

  7. #7
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    Its not a Republican/Democrat thing at all. Its about power and global interests that are dictated by the worlds elite and the council of Foreign Relations.
    "Politicians are the lowest form of life on Earth. Liberal Democrats are the lowest form of politician"

    - General George S. Patton

  8. #8
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    This was an issue before the Obama administration. As much as we would like to blame Obama for this it isn't his doing. It been a point of contention among other countries for a while and it's just now coming to a head. China and others have a long history of taking issue with the fact that oil is traded in US dollars.

  9. #9
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    Its our fault...we are the ones that printed the money with no oversite and with no gold to back it. France as well as others called us out on it after the Vietnam war. They saw us spending money like water and couldn't understand or believe that we had the gold to back it.

    France said, I want our gold back!

    Nixon gave them the middle finger, took us off the gold/silver standard and made a deal with the Saudis. The deal consisted of all oil being traded in US dollars. in return, we would protect them and their oil fields.

    There is lots more to it, but thats the basics.
    "Politicians are the lowest form of life on Earth. Liberal Democrats are the lowest form of politician"

    - General George S. Patton

  10. #10
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    I'm not blaming Obama and the dems, they are just the direction the people are voting. As to the dollar why would other countries want to use it, its almost worthless now what will it be worth in a year? Not to mention the manipulation done by those that control it.




    Quote Originally Posted by netsalt View Post
    Curious as to how Obama and the Democrats decided that other countries should move off using the petrol dollar. The war with Iraq was over this very issue, the WMD thing was just a smoke screen. I guess the neo-con way of dealing with it is to just let the bombs fly - good luck with convincing Russia, China, etc. that bombing them is a good idea.

  11. #11
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    Quote Originally Posted by ADillon View Post
    This was an issue before the Obama administration. As much as we would like to blame Obama for this it isn't his doing. It been a point of contention among other countries for a while and it's just now coming to a head. China and others have a long history of taking issue with the fact that oil is traded in US dollars.
    The representative money value has been at issue since paper/coil money has been invented. The top dog stays on top only because he's the top dog through power which comes from the strength of innovation, research & development & and the strength of the individual freedom of the citizens.

    The fight to remain on top has now been greatly diminished by the present administration - on purpose - which allows the competition for those that want to be on top without representation of it's citizens to be taken by that country based on raw power of goods and not the individual freedoms of its citizens or its innovative character for producing superior products.

    The damage that has been done to this country at a systemic level is beyond measurment. Pretty much the only thing the average citizen can do now is to hold on and hope they survive.

    And the lack of trust and faith in our trading instrument, the US dollar, worldwide is a natural by-product of our administration hell bent plan on destroying the roots of this country.

    And our administration is a natural by-product of our 51% fat & lazy in the head attitude of the average voting citizen of this nation.
    "The American Republic will endure until the day Congress discovers it can bribe the public with the public's own money.
    - Alexis de Toqueville, 1835

  12. #12
    Quote Originally Posted by coolwhip View Post
    China and Russia have removed the US Dollar from their trade
    China is rushing its trade agreement with Brazil
    China, Russia, Brazil, India, and now South Africa are moving to trade more in their own currencies (not the US Dollar)
    Saudi Arabia is moving to formalize trade with China and Russia
    Singapore is moving to trade yuan

    The trend here is obvious. The US Dollar’s reign as the world’s
    reserve currency is ending. The process will take time to unfold. But
    the Dollar will be finished as reserve currency within the next five
    years.
    Yes, the days of the U.S. dollar being the primary reserve currency of the world are definitely numbered.

    It will not happen overnight, but as the U.S. economy continues to get weaker
    it is inevitable that the rest of the world will continue to question
    why the U.S. dollar should automatically have such a dominant position
    in international trade.
    Over the next few years, keep a close eye on Saudi Arabia.

    When Saudi Arabia announces a move away from the petrodollar system,
    that will be a major trigger event for the global financial system and
    it will be a really, really bad sign for the U.S. economy.
    The level of prosperity that we are enjoying today would not be
    possible without the petrodollar system. Once the petrodollar system
    collapses, a lot of our underlying economic vulnerabilities will be
    exposed and it will not be pretty.
    Tough times are on the horizon. It is imperative that we all get informed and that we all get prepared.

    If you are not familiar with the Petrol Dollar term, do some research and you will understand.
    To date there are 12 to 13 nations that are trading without using the dollar.

    The same firm hired to do the stress tests on the banking system MSCI,also conducted their own stress test on the Federal Reserve.
    By all general accounting principals the Fed is in bad shape.For them to sell the 479 billion in securities for re-value in 3 years they would be bankrupt.
    FEN

  13. #13
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    Quote Originally Posted by ADillon View Post
    This was an issue before the Obama administration. As much as we would like to blame Obama for this it isn't his doing. It been a point of contention among other countries for a while and it's just now coming to a head. China and others have a long history of taking issue with the fact that oil is traded in US dollars.
    I think maybe the issue China has with the USD is that they're holding 2 trillion of them, and they are worth less and less every month as the fed prints at least 80 billion/month. I think the Chinese are actually fuming mad about this. OTOH, if the fed stops printing, we go into more recession and we don't buy as much from China. But, I agree with the OP, we are going to lose our status as the world's reserve currency in 5 years. It's amazing how far we have fallen in a generation. I say the fall officially started in 1973.

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