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How Long Before the US Dollar is Worth Nothing? And the U.S. Standard of Living Is Crushed?

concerned dude 2011/01/25 19:29:08
Related Topics: Family, China, Finance, Money
No. It Can't Happen In America
Yes. It is inevitable. It's just when.
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The Demise of the Dollar


Recent secret meetings went unreported in the United States media and is still ignored in an effort to protect the current administration as well as because most politicians and media are clueless as to what happens to our way of life when the dollar is no longer the world currency standard. In a graphic illustration of the new world order,
Arab states have launched secret moves with China, Russia and France to
stop using the US currency for oil trading.








Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. Iran announced recently that its foreign currency reserves would henceforth be held in euros rather than dollars.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years .

Why does this matter? Simply put, when the world currency is no longer the dollar and then the U.S. Government can no longer print money to pay the massive debts we owe. When that happens the dollar will crash. When the dollar crashes everything we buy will skyrocket in price. When that happens $6 per gallon gas will be cheap, $10 milk will be a deal, $20 Big Macs will be normal.

Massive crashes, endless unemployment, home values spiraling downward, business and personal bankruptcies at a world record high, and massive poverty. Think it can't happen? That's what the citizens have said in the past when it happened in their countries. Open your eyes to what is happening on the world financial market. America is in deep trouble and the debt is rising along with the tidal wave heading our way. The dollar is failing and many think it is not if, but when.

Read More: http://www.endofamerica14.com

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Top Opinion

  • Dave 2011/01/25 23:35:33
    Yes. It is inevitable. It's just when.
    Dave
    +4
    Within two-four years you will see something a lot worse than what happened in 2008. The part no one talks about is peak-oil production has been over now for a few years. That's why they talk about $5 a gallon by the end of 2011. The USA relies on imported oil and when the pricing sky-rockets so will everything related. There is not going to be any bail out on this financial disaster.

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  • bill 2011/09/03 03:47:51
    Yes. It is inevitable. It's just when.
    bill
    the federal reserve is a private corporation who you all signed your country and citizens over to in 1913. Your government is dishonest and dictated by corporations who answer to one god. the god of money. this is why your country is going to fail inevitbly. dont think for a second that its an accident. all of the people at the top, federal reserve, big oil, big banks from all countries are in bed with one another to crash the US dollar and with it the world economy. this will allow them to bring in a one world currency and eventually a chip. To think that the US government has no part in any of this master plan, is not only naive, its downright ignorant. Thanks US big corporations.
  • Burrows7 2011/04/07 03:42:54
    Yes. It is inevitable. It's just when.
    Burrows7
    It's just a matter of time until the Federal Reserve Bank realizes that they can't control the inflation rate, which right now is at 3.5% when it should be at 2%!! The Fed reserves monetary policy won't help us out of this hole. They have already dug the hole too deep. History has a habit to repeat itself and right now history is repeating itself.
  • Vintage 2011/02/02 03:58:23
    Undecided
    Vintage
    watch the history channel documentary, "Prophets of Doom"
  • Don Leuty 2011/01/26 17:59:22
    Yes. It is inevitable. It's just when.
    Don Leuty
    People don't seem to realize that in 70 short years, we have attained a one-cent dollar. After a fashion, we have arrived at the station and just don't realize it, yet.
  • Burrows7 Don Leuty 2011/04/07 03:43:55
    Burrows7
    +3
    economists predict that the us dollar will fail in 2015 FYI.
  • ~ The Rebel ~ 2011/01/26 17:54:56
    Yes. It is inevitable. It's just when.
    ~ The Rebel ~
    Stop the presses!

    The dollar is devalued simply by printing more than what is actually earned.

    http://www.blurtit.com/q47631...
  • dick 2011/01/26 16:09:57
    Undecided
    dick
    Our currency is as worthless as Obie's promises! We are fast on the way to becoming just another third world slum and the border jumpers are seeing to it that we will be just like their homeland so they won't get home sick!
  • Wolfman 2011/01/26 08:25:21
    Undecided
    Wolfman
    +1
    There is no silver or gold to back up the dollar. The worldwide strength of the dollar is based on one thing - the United States Military. If we reduce the influence of our military the dollar will fall as well. The Chinese Yuan is gaining influence. I don't know how this turns out.
  • wtxwoman 2011/01/26 03:59:46
    Undecided
    wtxwoman
    +1
    They won't do it unless all the zillionairs have their money out of dollars. It may take a while. I don't think the zillionairs will let it happen.
  • Mr. Furious 2011/01/26 03:51:40
    Undecided
    Mr. Furious
    +3
    Dunno, but it's slidin' hard! But that's ok, The Annointed One will save us just like back in 2008 when He said He would wave his magic wand and fix the economy that evil GWB screwed up. How's that workin out for us?
  • bluejacket 2011/01/26 03:49:28
    Undecided
    bluejacket
    +2
    Pretty much not worth anything now, after withholding taxes, and all those charities, like welfare, how many loaves of moldy bread can you buy?
  • Rockies Man 2011/01/26 03:10:14
    Undecided
    Rockies Man
    +2
    If the Terrorcrats and the Obama fascists win in 2012, it will happen by 2016 and we are toast.
  • Theresa 2011/01/26 02:25:33
    Yes. It is inevitable. It's just when.
    Theresa
    +3
    I say the hyperinflation will kick in about March 2011!
  • FN6R BAN63R 2011/01/26 01:17:38
    Undecided
    FN6R BAN63R
    +2
    What this nation does in the 6-12 months with regard to government spending, taxes, tarrifs, and foreign policy will seal the deal as the whether or not we are subjugated to a remembered place in the history books.
  • Dave 2011/01/25 23:35:33
    Yes. It is inevitable. It's just when.
    Dave
    +4
    Within two-four years you will see something a lot worse than what happened in 2008. The part no one talks about is peak-oil production has been over now for a few years. That's why they talk about $5 a gallon by the end of 2011. The USA relies on imported oil and when the pricing sky-rockets so will everything related. There is not going to be any bail out on this financial disaster.
  • Theresa Dave 2011/01/26 02:28:03 (edited)
    Theresa
    +4
    Dave Peak Oil is a myth we have plenty of oil! The USA is swimming in the stuff! We are not allowed to get it. Our Gov't has not issued any permits in 3 years! It is removed from exploitation. So what is available is dwindling because all our oil is off limits!
  • wtxwoman Theresa 2011/01/26 03:52:52
    wtxwoman
    +4
    We still have beau coups of oil out here. There are more idle pump jacks than working ones. And, there is still lots of reserves under the ground not tapped.
  • Wolfman Theresa 2011/01/26 08:29:06
    Wolfman
    +3
    You are absolutely correct, Thersa. We have enough oil, natural gas, and coal to provide for ourselves in the forseeable future.
  • Dave Theresa 2011/01/28 22:46:28
    Dave
    +1
    You just don't get it. Get off the oil kick. Oil is passe - it has been the most destructive natural resource ever pulled from the ground. Peak Oil is not a myth and to extract oil there is a great cost associated with it. The technology isn't keeping up with what you have to do to get the oil.
  • Theresa Dave 2011/01/28 22:50:57
    Theresa
    Not True but I never said we should not explore other possibilities but they must make sense.
  • concern... Dave 2011/01/29 15:12:04
    concerned dude
    This question was really about the dollar losing value due to it not being the universal currency but this is an interesting topic. We should definitely be looking for cleaner and more sustainable forms of energy but oil has been and continues to be one of the best forms of natural resources the world has known and it is actually in ABUNDANT supply. It has been the engine for man for generations and hype and fear tactics has made it seem bad but it is a fantastic resource for all of society.

    While we continue to develop other sources of energy we should be also developing better ways to get some of the 500+ billion barrels in the United States. One of the biggest scams on the American public is that despite the information being easily available on the government websites, thanks to our poor quality in media and our politicians, most Americans have no idea that we have:

    8-times as much oil as Saudi Arabia
    8-times as much oil as Iraq
    21-times as much oil as Kuwait
    22-times as much oil as Iran
    500-times as much oil as Yemen

    and it's all right here in the Western United States. All we need to do is get smart and invest in new technology and go get it.

    Think about it, no potential oil spills in the oceans, gas should be about $.25 per gallon and we would eliminate the middle east and O...



    This question was really about the dollar losing value due to it not being the universal currency but this is an interesting topic. We should definitely be looking for cleaner and more sustainable forms of energy but oil has been and continues to be one of the best forms of natural resources the world has known and it is actually in ABUNDANT supply. It has been the engine for man for generations and hype and fear tactics has made it seem bad but it is a fantastic resource for all of society.

    While we continue to develop other sources of energy we should be also developing better ways to get some of the 500+ billion barrels in the United States. One of the biggest scams on the American public is that despite the information being easily available on the government websites, thanks to our poor quality in media and our politicians, most Americans have no idea that we have:

    8-times as much oil as Saudi Arabia
    8-times as much oil as Iraq
    21-times as much oil as Kuwait
    22-times as much oil as Iran
    500-times as much oil as Yemen

    and it's all right here in the Western United States. All we need to do is get smart and invest in new technology and go get it.

    Think about it, no potential oil spills in the oceans, gas should be about $.25 per gallon and we would eliminate the middle east and OPEC control on oil. It would be a massive strategic win for the United States of America.

    These are the facts
    http://www.usgs.gov/newsroom/...
    massive strategic win united america facts httpwww usgs govnewsroom I love oil
    (more)
  • Dave concern... 2011/02/01 23:58:27
    Dave
    Oil is not an answer for the weakening dollar or for the futire of this planet. It's because the USA has become a dinosaur living in the past. It will die soon.
  • concern... Dave 2011/02/02 02:05:39
    concerned dude
    You are correct that oil is not the answer for the weakening dollar. Stopping printing money, stop expanding deficits, and balancing the budget will help the dollar. Harvesting some of the billions of barrels of oil on our soil is just one smart way to help the US over the next 100 years or so
  • Burrows7 concern... 2011/04/07 03:48:51
    Burrows7
    +1
    actually if we only used our own oil the gas prices will be 10 times higher, becuase of it being an American product.
  • Burrows7 Theresa 2011/04/07 03:46:03 (edited)
    Burrows7
    +1
    its true that we are practically swimming in oil. It's just that we haven't tapped into it yet.
  • Theresa Burrows7 2011/04/07 18:47:44
    Theresa
    It is interesting how the federal gov't has created this dichotomy of having a Whole department purposed in remove our dependence on foreign oil and how they have removed our ability to get to our own supplies!
  • wtxwoman Dave 2011/01/26 03:51:36
    wtxwoman
    +2
    We import 66.8% of our oil, 20% of that comes from Canada and 11% from MX. If we reduce our consumption by 30%, our need for foreign oil would drop to below 50%. If we continued to purchase oil at the same rate from Canada and MX, then we wouldn't need hardly any from anyone else. Everybody needs to work together to reduce the oil consumption.
  • Dave wtxwoman 2011/01/28 22:47:50
    Dave
    +1
    Thank you - you are right on the money with your statement. This is the first time I have ever agreed with a Texan in all my life.
  • lr wtxwoman 2011/02/03 14:09:03
    lr
    Also consider that if we reduce our imports (of fuel and products), we reduce the import/export ratio. The more we reduce it, the stronger the dollar becomes compared to other currency's. I don't think that it is in the world's best interest for the dollar to collapse , since it is the base currency for most of the rest of the world. Almost all currency's are compared to the dollar to show their value. If the dollar fails, all currency basically fails. This would cause such chaos in the world markets that the last depression we experienced would look " like a day in the park", compared to what we would see.
  • wtxwoman lr 2011/02/03 15:35:41
    wtxwoman
    I agree with everything you say. I don't think the people with the money will let the dollar collapse because it is not in THEIR best interest. We get to enjoy the ride.
  • Burrows7 lr 2011/04/07 03:51:20
    Burrows7
    +1
    I agree with you 100%, even though im a junior in HS my economics teacher is really good but if we dont import that would reduce the GDP, but it would increase the value of the American Dollar.
  • UnckSam 2011/01/25 21:45:52
    Undecided
    UnckSam
  • WannaBeRSC the Contrarian SOB 2011/01/25 21:42:55
    Yes. It is inevitable. It's just when.
    WannaBeRSC the Contrarian SOB
    +3
    Well, it's at @ .04 cents now... 6-8 months, maybe?

    I'm just waiting for those gubberment checks to start bouncing... that's gonna be the end of the road for "civility", lemme tell ya.
  • PoliticallyIncorrect 2011/01/25 21:06:34
    Yes. It is inevitable. It's just when.
    PoliticallyIncorrect
    +4
    The president of China announced that the dollar is dead and he is making an effort to get the Chinese yuan to take the place of the dollar on the global market. Other Western nations have expressed their concern about Obamass's spending policies and are probably not adverse to this change. If the rest of the world drives a stake through the American economy now that Obamass has given them the opportunity, then we are ... toast. It still sticks in my craw that we wined and dined the guy two days after he announced that the dollar is dead and I am still angry over the lead in their toys and poison in the dog food. They're killing us and we grin and go on about our business. Boycott Chinese products.
  • Ron–Born from Above 2011/01/25 20:39:48
    Yes. It is inevitable. It's just when.
    Ron–Born from Above
    +2
    It really is not a matter of 'if', but 'when'! The stock market is at 10,000 and unemployment is 9.5–this makes no sense!
  • Burrows7 Ron–Bor... 2011/04/07 03:52:33
    Burrows7
    acually unemployment is at 10%
  • jumpboots 187th PIR 2011/01/25 20:09:15
    Yes. It is inevitable. It's just when.
    jumpboots 187th PIR
    +2
    Any time.Could be next week,next month...What is the dollar worth now" 8-cents?
  • patrick 2011/01/25 19:59:45
    Undecided
    patrick
    +3
    Leave Obama in and it will eventually be worth very little with his spending addiction. Once we have printed more money than we can back up, we will be sliding down that slippery slope. What one must remember this is exactly what Obama wants. If he can get our economy to collapse and all that goes with it, he can put the govt in control of all banks and corporations, he will have the military, he already has a good deal of the auto industry and some of the big financial institutions. He is in the process of taking over health care. He is allowing continued access to the illegals to our systems without repercussions. Watch out if he decides to build that million man fully armed civilian force he talked about during his campaign. Ya, he's setting it all up as we speak. Cap and tax will be the crown jewell,,,,,just watch.
  • Always ... patrick 2011/01/25 23:45:32
    Always Right
    +2
    well said! It might be cheaper to burn the us paper money for heat, than to try to buy gas/electric, if it's available.
  • Linda 2011/01/25 19:59:22
    Yes. It is inevitable. It's just when.
    Linda
    +4
    As austere as our government will try to be, I expect it to shut down by April or May? Watch for the Yuan to be revalued higher because that is equal to dollar devaluation. I expect that most people are going to be wondering where all the food is on the grocery shelves...maybe by July?

    It is the shake down of America so that the world elites can issue in the New World Government, a one-world currency, and a one-world control system.

    By May, your state driver's license will be a federal ID. If you don't have one or don't drive, you'll be required to get a federal ID card through your state agency. RFID at work.

    Now do you wonder why our states will give control to the Fed? Because the states are broke and are beholden to the lender--the Fed.

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