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US allies join the anti-dollar alliance

K1

Blue-Eyed Devil
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FATCA was one of the stupidest moves this country ever could have made...Pushing every other countries backs to the wall, which is turn has created this! You noticed that you can read NONE of this in any US media outlet (MSN, MSNBC, YAHOONews, ABC, CBS, NBC)?!

I have read in other articles lately that this is the main reason why the US wants to start another war in Europe and hopes that Russia invades Ukraine...So that they can destabilize Europe further, while avoiding the crash of the US dollar...WWII helped the USD greatly in rising and a non-nuclear WWIII would do the same, while keeping the rest of the world beneath it's boot heel! Here was one quote I read recently:

Historical experience shows that [World War II] in Europe was an important source of economic recovery and political power for the United States. The world wars drained capital, resources and minds from warring Europe. Another world war would achieve many objectives, including the fact that a further weakened Europe would need to rely on America, which will force Europe to accept more free trade and increase military spending for the benefit of the military-industrial-banking complex. ~ Egon von Greyerz (Founder of Matterhorn Asset Management Switzerland)

Anti-Dollar-Alliance.png



SOVEREIGN MAN
March 18, 2015
Santiago, Chile

The United States government just went from “Please, baby, don’t leave me,” to frustrated threats and whining.

After the UK announced it will join new China-led Asian Infrastructure Investment Bank (AIIB) as a founding member late last week, Germany, France and Italy decided yesterday to follow Britain’s lead and join as well.

Welcome to the beginning of the end of the US dollar’s domination. It’s happening.

For the past few decades America was the undisputed global economic and political superpower.

The entire world happily used the US dollar, and hence, the US banking system. More importantly, the world happily placed its trust in the US government.

But there’s a limit to how irresponsible, reckless, and threatening you can be. Eventually such behavior catches up to you.

That time has now come.

The US government is now drowning in debt that can never be repaid. The US government’s own numbers, in fact, estimate its level of insolvency at roughly $60 trillion.

This means that when you add up all the assets of the United States—every acre of land, every tank, every drone, every drop of oil in the strategic reserve… and subtract all the debt and liabilities, the result is MINUS $60 trillion.

That is the net worth of the United States government.

On top of that, the US government has chosen to use its once-trusted currency and banking system as weapons to blackmail the rest of the world.

FATCA (the Foreign Account Tax Compliance Act) is probably the best recent example.

FATCA’s provisions require every single bank in the world to jump into bed with the Internal Revenue Service and agree to all sorts of expensive, debilitating information-sharing agreements.

And any bank which dares to defy the US government gets effectively blackballed from the US banking system and subject to a 30% withholding tax.

On top of that, the US government has taken to slamming foreign banks with the most astonishing fines—$9 billion, for example, in the case of French Bank BNP Paribas.

BNP’s wrongdoing was conducting business with countries, like Cuba and Iran, that the US government doesn’t like.

Bear in mind, BNP is a French bank and broke no French law whatsoever.

Moreover, the business was done through its Swiss subsidiary, and they broke no Swiss law either.

That didn’t matter to Uncle Sam, which fined the bank $9 billion under threat of being kicked out of the US banking system.

Blackmail. Extortion. Intimidation. This isn’t the behavior of a trusted friend. It’s the behavior of an arrogant sociopath.

And the rest of the world is sick of it.

Other countries—even allied nations—see that times are changing. There are new players on the rise, and the US isn’t the only option anymore.

Increasingly they’re turning to China, who, by some metrics, is already the largest economy in the world.

And the US government can’t do anything about it.

This is happening now with increasing speed. It’s mainstream news everywhere: the US is being shunned by its allies for the new kid on the block.

This has major implications for the United States. History shows that when reserve currencies change, the losing country almost invariably goes through significant turmoil.

But here’s the thing—the world is changing. But it’s not coming to an end.

Yes, things will change dramatically in the West in the coming years.

The standard of living that was attainable in the US because of its economic dominance will diminish.

For cues, look to Europe to see how unsustainable policies unravel when you don’t have the backing of the world’s reserve currency.

But people who recognize and embrace these changes early will prosper, for there will be tremendous opportunities throughout this process.

Modern technology means that all of our lives don’t have to be trapped within one single bankrupt country.

You can move your savings abroad to safety.

You can structure your business and assets so that you keep more of your hard-earned income for yourself and your family.

You can seek out investment opportunities out there that aren’t subjected to chasing bubbles induced by world central banks.

You can plan ahead and establish an alternative residency in a safe and thriving place, and perhaps even qualify for a second passport.

Bottom line– the world is changing. We can’t stop the end of the dollar’s dominance. All we can control is how we react to it… and when.

This is a real opportunity. Either an opportunity to gain, or an opportunity to lose. The choice is ours to make.
 
Last edited:
The dollar will likely remain the world currency for quite sometime. Although this certainly is a problematic development and demonstrates the continued rise of china.

Although will be interesting to see what happens if their local financing/debt system implodes.
 
investment

Hi K1. Great article. What type of investment(s) should one make to profit from this news. Don't know too much about investing, but always willing to listen to people in the know.

Take care.
MS
 
blah blah blah. Have you seen the USD VS euro? I love these stories calling for the demise of the USD without even speculating what might possibly replace it! Euro? Greece is about to fall out which will send shock to everybody holding euro and kill the value. Chinese Yuan/remenibi? They have a RE bubble 10 times larger than what USA had in 2008, a socialist regime (More so than USA ;)) that manipulates their currency and does not allow it to float freely.

The FACTS are since 2009 global trade using USD has increased every single year! In the last yr the USD has increased in value against almost every major currency, euro, ruble, canadian $, aussie $..... and it will continue this way for several more yrs.
 
blah blah blah. Have you seen the USD VS euro? I love these stories calling for the demise of the USD without even speculating what might possibly replace it! Euro? Greece is about to fall out which will send shock to everybody holding euro and kill the value. Chinese Yuan/remenibi? They have a RE bubble 10 times larger than what USA had in 2008, a socialist regime (More so than USA ;)) that manipulates their currency and does not allow it to float freely.

The FACTS are since 2009 global trade using USD has increased every single year! In the last yr the USD has increased in value against almost every major currency, euro, ruble, canadian $, aussie $..... and it will continue this way for several more yrs.


Greece won't default... they'll get a bailout before that happens..


the EU however, is importing MASS amounts of poverty, crime, and rape from all parts of Africa.. the welfare roles are swelling like ticks as these immigrants reproduce like rabbits.
 
My feelings about FATCA are well known - cost me millions.
 
K1, I don`t read those kind of news sources that are USD alarmists, gold bugs, etc, but this is a real question. Do they ever write anything about Japan or the Yen`s demise? I mean their debt-GDP is more than twice ours at over 200%, they just upped the ante on QE, they are now printing money at a rate of 3 times what the US federal reserve ever did, yet they still have zero inflation and near zero interest rates. Remind you those rates on interest and growth have gone on for over 10 yrs!! So what gives, how can YEN make it but USD dies?

How about the powerhouse, sugar daddy of the EU, Germany, their growth has been falling for 2 yrs, now at near zero as their demographics age (the same way Japan did 20 yrs ago). The strong man on the EU is getting weak, the euro is at multi year lows vs USD.... but its the dollar that will disappear?
 
Since that big announcement that was going to make the USD worthless only the opposite has happened!! U.S. Dollar Index (DXY) is actually at 5 year highs. Its up 37% since 2011.... Gold well that`s down substantially since 2011. Don`t believe the hype, many stories have an agenda and are written by very stupid people.
 
China has no rule of law, it will never in its current form be the backbone of the worlds economy.
 
China has no rule of law, it will never in its current form be the backbone of the worlds economy.
While that is theoretically true, them being the manufacturing center of the world gives them A LOT of power.
 
But the tail is going to wag the dog soon enough.

It will be interesting to watch China deal with their current little bobble. 

Do you honestly think the great democracies of the world are going to tell their people we need to turn to a communist closed market to stabilize our economies...and that will somehow save us from ourselves. Haha
 
It will be interesting to watch China deal with their current little bobble. 

Do you honestly think the great democracies of the world are going to tell their people we need to turn to a communist closed market to stabilize our economies...and that will somehow save us from ourselves. Haha
The US has been saying it for years...along with the mantra of 'China cannot call our debt because if we go under, so do they.' The current regime in China will pull that trigger...i see it as a 'when', not an 'if'.
 
The US has been saying it for years...along with the mantra of 'China cannot call our debt because if we go under, so do they.' The current regime in China will pull that trigger...i see it as a 'when', not an 'if'.

It's called Neo-Colonialism. How do you like me now<>?

Is Marxism an eastern idea or a western idea? What is the State?

Thank you for complying.
 
...along with the mantra of 'China cannot call our debt because if we go under, so do they.' The current regime in China will pull that trigger...i see it as a 'when', not an 'if'.

WHY would China liquidate their holding of US treasurys all at once? They print all the money they need. What would happen to the price of ANYTHING if a large amount hit the bid?? It would tank the price instantly. That is just one simple reason they will never "call our debt" or "dump it" or any other of these stupid theory ideas. Why would they dump the strongest bonds they own, which are in the strongest global currency? Do you know what bond rates are in europe? The risk rating on those bonds? Look up some of these answers, you`ll get a clue and maybe get off infowars. China is not even the largest holder of US debt!!!

Back to topic, USD will remain kind for quite some time. Which in turn will hurt us exports. NOBODY is buying catapillar right now, they all want komatsu equipment because the YEN is so dang cheap.
 
WHY would China liquidate their holding of US treasurys all at once? They print all the money they need. What would happen to the price of ANYTHING if a large amount hit the bid?? It would tank the price instantly. That is just one simple reason they will never "call our debt" or "dump it" or any other of these stupid theory ideas. Why would they dump the strongest bonds they own, which are in the strongest global currency? Do you know what bond rates are in europe? The risk rating on those bonds? Look up some of these answers, you`ll get a clue and maybe get off infowars. China is not even the largest holder of US debt!!!

Back to topic, USD will remain kind for quite some time. Which in turn will hurt us exports. NOBODY is buying catapillar right now, they all want komatsu equipment because the YEN is so dang cheap.
China's economy is tanking, and they had to officially give up their policy of printing money without end. Selling some of their holdings to get cash makes sense. As far as largedt holder of US debt - China *is* the largedt holder of us debt - outside of the US government (which nobody cares about). Japan is #2, and they have their own problems.

The USD is still 'king', but more entities, both governmental and corporate, are looking at alternatives to the USD - and they are looking at the yuan. The IMF added the Yuan to its reserve fund, and Barron's has stated that the long term projection is that the Yuan will replace the USD as the world's reserve currency.
 
Barron's has stated that the long term projection is that the Yuan will replace the USD as the world's reserve currency.

I can agree that some countries dont like being tied to the US financially, BUT there is NO viable alternative in the forseable future. Unless Obama passes an executive order, and joins the Euro, im sticking with the greenback...
 
I can agree that some countries dont like being tied to the US financially, BUT there is NO viable alternative in the forseable future. Unless Obama passes an executive order, and joins the Euro, im sticking with the greenback...
I dont think Pres Obama would do that, but a Pres Sanders......uugh.
 

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