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.
    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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  • Linda Linda 2011/01/25 20:00:53
    Oh, go to any currency exchange...you'll find most countries do not want your dollars today--it'll cost you more to sell them than to buy them...Get it? They're valueless!
  • Always ... Linda 2011/01/25 23:37:33
    Always Right
    well said
  • flaca BN-0 2011/01/25 19:57:56
    flaca BN-0
    as long as Americans buy Chinese goods because they're cheaper (and crappier)
  • Politic... flaca BN-0 2011/01/25 21:08:00
    You're right, but they've sent children's toys with lead paint and poison in dog food. Not only are they cheaper, they're lethal and people still buy them.
  • Always ... Politic... 2011/01/25 23:40:49
    Always Right
    That's why I'm stocking up on American made dog food, done got a manual can opener.
  • Politic... Always ... 2011/01/26 01:05:49
    You have to wonder how Americans can be so deceived. I say we need to do the same thing that the Chinese have done with their Yuan. They have manipulated our interest among other things, but I won't buy Chinee.
  • Always ... Politic... 2011/01/26 01:15:43
    Always Right
    I say Right On!
  • Burrows7 Always ... 2011/04/07 03:55:04
    but American made products cost 10 times as much as imported products, so why would you want to buy a product 10 times as expensive than what you are already paying?
  • dick flaca BN-0 2011/01/26 16:17:18
  • The Sane One 2011/01/25 19:57:10
    Yes. It is inevitable. It's just when.
    The Sane One
    Actually, the American dollar IS worth nothing-- there is nothing backing the value. We owe FAR more than we actually HAVE, which is why most other countries want to use the Euro as the 'gold standard'.
  • Tominator 2011/01/25 19:32:05
    Yes. It is inevitable. It's just when.
    It WILL happen unless we CUT spending and reform the tax system and entitlements. Hopefully the new Congress will get us on the right track soon.
  • michele... Tominator 2011/01/25 19:42:45
    micheleT BN-O
    very soon
  • bobofloblaws 2011/01/25 19:31:46
    It's already worth nothing. It's just a matter of time before people realize it.
  • The Gov-Here to help BN362 2011/01/25 19:31:20
    No. It Can't Happen In America
    The Gov-Here to help BN362
    But my grocery bill went up 25 dollars over the past 3 months.. Gas too. But puhleeze.

    This is Merikuh. Can't happen here.

    Effin idiots.
  • concern... The Gov... 2011/01/26 17:13:56

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