crankthskunk
Chief Minister (5k+ posts)
What predictions?
Financial Collapse if Russia Sells U.S. Dollar
- Thread starter BrotherKantu
- Start date
What predictions?
so if i tell you max keiser was warning everyone about GFC before it happened, will you listen to him?
and the fact that you consider this pending dollar collapse as a surprise element and not a planned event actually finishes all arguments here. Because while its easy to push everything under the CONSPIRACY RUG, writings have been on the wall all along. Dollar since its rise to power (earlier in last century) was designed to serve a purpose which it has served really well and according to its designers its time is almost up now. World is ready for the transition, and transition is never smooth, and people suffer.
Why do you think india, china, russia alongside so many other countries are buying gold as if there is no tomorrow !
why did US eliminate Qadaffi and Sadam (i know you will think i am a lunatic by going all over the place. Reason I am adding these two men is because there demise is linked to US dollar as well).
so, it all depends how much time you have actually spent on finding out the real cryp-tique behind dollar. I will not be surprised to find out that you actually haven't looked much into all that thinking most of it is conspiracy.
and the fact that you consider this pending dollar collapse as a surprise element and not a planned event actually finishes all arguments here. Because while its easy to push everything under the CONSPIRACY RUG, writings have been on the wall all along. Dollar since its rise to power (earlier in last century) was designed to serve a purpose which it has served really well and according to its designers its time is almost up now. World is ready for the transition, and transition is never smooth, and people suffer.
Why do you think india, china, russia alongside so many other countries are buying gold as if there is no tomorrow !
why did US eliminate Qadaffi and Sadam (i know you will think i am a lunatic by going all over the place. Reason I am adding these two men is because there demise is linked to US dollar as well).
so, it all depends how much time you have actually spent on finding out the real cryp-tique behind dollar. I will not be surprised to find out that you actually haven't looked much into all that thinking most of it is conspiracy.
United4Pak
Minister (2k+ posts)
Ok, You can read max keister but do let me know what you understand of the scenario or max keister in case of Russia and Ukraine. When is the dollar going to collapse and when we should start buying bit coins, gold or yuan?
United4Pak
Minister (2k+ posts)
Financial and political predictions.
buy gold NOW.
please do not presume dollar is infallible. history of fiat currencies before dollar should be a guide. out of a few hundreds of such examples, not a single one was a long term success. remember its fiat currencies i am talking about.
you do seem to know max keister :)
russia and ukraine is an interesting one, and still evolving. its not going to end peacefully and smoothly i can tell you that.
please do not presume dollar is infallible. history of fiat currencies before dollar should be a guide. out of a few hundreds of such examples, not a single one was a long term success. remember its fiat currencies i am talking about.
you do seem to know max keister :)
russia and ukraine is an interesting one, and still evolving. its not going to end peacefully and smoothly i can tell you that.
i think thats what putin meant when he said it was not in good interest for both russia and EU. you must realise russia has stockpiled a lot of gold in recent times. that wouldn't be for no reason.
in all probability, it may be yet another step towards an imminent dollar/ US collapse.
in all probability, it may be yet another step towards an imminent dollar/ US collapse.
crankthskunk
Chief Minister (5k+ posts)
And if they decide to invoice in their own currency Rubles than no impact on them and the payers had to cough up more in their currencies if Rubles are stronger.
What if China does the same and they start to have another common currency between their trading block, which is inevitable sooner or later. What would happen to the FIAT currencies then? I know at the moment USA had good flow of domestic oil and gas, they wouldn't be effected that much due to Russia's actions, but the Europeans are relying on Russia for their gas supplies.
Yes surely Russia China and India are stocking Gold which probably means that they have lost confidence in US $.
The brettonwood institutes like IMF were created to support US $. Major trading currency is US $ because oil producing countries demand dollars in return for there sales and they are the major supporter of dollars.if for example they start demanding Euro for there oil Dollar will be in free fall as US budget is deficit budget means they are printing dollars based upon its international strength.
The brettonwood institutes like IMF were created to support US $. Major trading currency is US $ because oil producing countries demand dollars in return for there sales and they are the major supporter of dollars.if for example they start demanding Euro for there oil Dollar will be in free fall as US budget is deficit budget means they are printing dollars based upon its international strength.
United4Pak
Minister (2k+ posts)
thanks for being understanding but I ain't assuming anything about dollar. Everything I wrote is my own analysis based on what I little understand about anything. I can understand your statement about buying Gold because of uncertainty but can I get a date range from you to expect any major changes that you or Max Keiser foresee else we might see a spike in Gold price one day and you will say "didn't I tell ya" gold will go up.
sorry about me keister as I didn't want to correct the autocorrect.
you are assuming that dollar is infallible because the whole world deals in it. right?
you need to investigate what do bankers aim with dollars, and what's their plan B with it.
US state department and other people related to financial aspects of US have uttered a number of times US is on an irreversible pathway towards dollars destruction. And an easy way out for them will be to let the dollar go.
Few of my accountant friends, who keep an eye on regional economics keep telling me dollar collapse is overdue and US is holding it back for some particular reason. Military industrial complexes, pentagons and the big banks are living in a very different world than you and I my friend and they simply don't like masses. They will be happy to see few billion people go. Collapsing US economy fits in well with that plan.
No, these bankers or few people are not loyal to US or its citizens. US has been a playground for them, and that's what it will remain to be. Look at the plight of a common american citizen. How did US got it all wrong given its ability to foresee things and manage things. I am one to think US collapse is exactly as planned and not otherwise.
US dollar you ask me. I give you 2 years. It will happen within this time frame. I am no prophet so my predictions are not to be taken seriously. However given the unfolding drama in middle east, the increasing polarity among veto powers, we are all heading into a very conclusive era now.
You said your analysis is based on what you know. That's a good way of putting it. I do not claim I know it all, but I do cross check my facts from different sources. And if you tell me something otherwise, I will check it before I discard it or take it on board.
you need to investigate what do bankers aim with dollars, and what's their plan B with it.
US state department and other people related to financial aspects of US have uttered a number of times US is on an irreversible pathway towards dollars destruction. And an easy way out for them will be to let the dollar go.
Few of my accountant friends, who keep an eye on regional economics keep telling me dollar collapse is overdue and US is holding it back for some particular reason. Military industrial complexes, pentagons and the big banks are living in a very different world than you and I my friend and they simply don't like masses. They will be happy to see few billion people go. Collapsing US economy fits in well with that plan.
No, these bankers or few people are not loyal to US or its citizens. US has been a playground for them, and that's what it will remain to be. Look at the plight of a common american citizen. How did US got it all wrong given its ability to foresee things and manage things. I am one to think US collapse is exactly as planned and not otherwise.
US dollar you ask me. I give you 2 years. It will happen within this time frame. I am no prophet so my predictions are not to be taken seriously. However given the unfolding drama in middle east, the increasing polarity among veto powers, we are all heading into a very conclusive era now.
You said your analysis is based on what you know. That's a good way of putting it. I do not claim I know it all, but I do cross check my facts from different sources. And if you tell me something otherwise, I will check it before I discard it or take it on board.
>>the payers had to cough up more in their currencies if Rubles are stronger.
Thats why I said a stronger Ruble will hurt Russia's Commodity Export based economy.
Europe may be screwed again. Only difference is Russia replaces Germany this time around.
There are 3 reasons for Dollar's strength.
1. Oil is sold in USD.
2. International Debt is dollar denominated.
3. US Financial Markets have more liquidity than any other international markets (a logical conclusion to my 2nd point)
Thats why I said a stronger Ruble will hurt Russia's Commodity Export based economy.
Europe may be screwed again. Only difference is Russia replaces Germany this time around.
There are 3 reasons for Dollar's strength.
1. Oil is sold in USD.
2. International Debt is dollar denominated.
3. US Financial Markets have more liquidity than any other international markets (a logical conclusion to my 2nd point)
Its goods and services that create economic value and trade. Gold is just a medium. If Russia rounds up all of the Gold in the world and declares that their Ruble is the new currency, backed by Gold. At that point, Global trade would stop because there isnt enough Ruble/Gold out there to facilitate International trade.
Not all money is created equal. If you are interested, look up "Private Money" and High-Power Money. Problem is there is alot of Private money denominated in USD in the International trade. All that QE and lowering interest rates at the US Fed is only increasing the "Excess reserves" which simply sit on Commercial Banks balance sheets till they are lent out. And no one is borrowing because there is no prospects for growth in a Global Imbalanced economy.
Not all money is created equal. If you are interested, look up "Private Money" and High-Power Money. Problem is there is alot of Private money denominated in USD in the International trade. All that QE and lowering interest rates at the US Fed is only increasing the "Excess reserves" which simply sit on Commercial Banks balance sheets till they are lent out. And no one is borrowing because there is no prospects for growth in a Global Imbalanced economy.
crankthskunk
Chief Minister (5k+ posts)
I can see your confusion reading too much of market reports without understanding the basic of con spread by the west for their benefits, the prime purpose of most of the markets in the world.
One place you say it is goods and services that create economic value and trade, and on the other hand you say, Gold itself is just a medium, supposedly to pay for those goods and services. You think trade would stop because there are not enough Rubles and gold in the world to pay for those goods and services in world trade. That is precisely the point of FIAT money like Dollar. It is printed in huge quantity over the decades without any support or guarantees. How dollar is outstretching every other currency in the world is because it is printed in huge numbers to pay for the luxuries for the Americans. If all you need to do is print more money to pay for your liabilities then off course you would be among the richest, more industrialised and influential. Others have to earn that money by trade and giving something of the value in exchange of something of the value. Same principle for others. But different one for the USA, they don't have to exchange something of the value, they can print as much as dollars as possible and pay for valuable through FIAT money.
This is the whole point, which the whole world understands.
USA has huge military network to support and back that unique position so it can enjoy the fruits of FIAT money. As soon as someone start to think about changing from Dollars to any other currency or medium like Gold, it is treated like IRAQ and Libya. Now that's part of recent history almost everyone in the world agree upon. It is no more Conspiracy theory. We all have observed it with our own eyes. And in both cases the Americans have even used their nemesis, those cavemen.
Anyone who says he "knows", is a charlatan. I dont sell Dogma.
When have you heard me support the dollar? I have written articles specifically explaining that having a reserve currency is detrimental to that nation's economy
http://tribune.com.pk/story/499408/...the-world-reserve-currency--root-of-all-evil/
The US Govt spends dollars because rest of the nations are more than willing to accept dollars. May I ask where exactly does the STATE BANK OF PAKISTAN parks its Dollar reserves? Correct! At the NY Fed in TBills. I rest my case.
When have you heard me support the dollar? I have written articles specifically explaining that having a reserve currency is detrimental to that nation's economy
http://tribune.com.pk/story/499408/...the-world-reserve-currency--root-of-all-evil/
The US Govt spends dollars because rest of the nations are more than willing to accept dollars. May I ask where exactly does the STATE BANK OF PAKISTAN parks its Dollar reserves? Correct! At the NY Fed in TBills. I rest my case.
uetian
Senator (1k+ posts)
uetian
Senator (1k+ posts)
Spot on!, indeed the forum has already lost its charm due to this problem.
laiken phir bhi ghoomtey phirtey wapis idhar hee ..
I got emails from few folks for advice from here. Returned here. Saw Dogma attack (like this very thread), so I kicked it back a bit..
United4Pak
Minister (2k+ posts)
I don't want to do "see I told you" but I have waited for a year and your it your guru's controversy theories haven't been proven right. In fact far from it the Russian Ruble has gone down. I juzt hope you didn't invest money in Ruble.
