Title: Another Deal to Circumvent the Dollar Post by: Ghepetto on October 11, 2014, 07:56:07 AM http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/ (http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/)
This time it's China and the European Union. The Dollar may die sooner than expected? Title: Re: Another Deal to Circumvent the Dollar Post by: RustyNomad on October 11, 2014, 09:58:32 AM Another nail in the Dollar's coffin.
Title: Re: Another Deal to Circumvent the Dollar Post by: zyzzbrah on October 11, 2014, 12:14:23 PM Another nail in the Dollar's coffin. At this pace they are going to run out of nails. I claim the dollar can continue going on as it is for at least 20+ years before we see big changes. Title: Re: Another Deal to Circumvent the Dollar Post by: redhawk979 on October 11, 2014, 02:40:17 PM Another nail in the Dollar's coffin. At this pace they are going to run out of nails. I claim the dollar can continue going on as it is for at least 20+ years before we see big changes. Bitcoin: The only currency so bad, only the complete economic collapse of the entire world can make convince the world to use it. Title: Re: Another Deal to Circumvent the Dollar Post by: IIOII on October 11, 2014, 02:53:32 PM Truly significant news. It's getting tougher for the USD every day.
Another nail in the Dollar's coffin. At this pace they are going to run out of nails. I claim the dollar can continue going on as it is for at least 20+ years before we see big changes. I doubt it. I would be surprised if its primary reserve status will last longer than 10 years from now. Things will accelerate quickly when the seed of distrust has sprouted. There are many countries that want to get rid of the USD hegemony. When they sense that the power of the empire is dwindling they'll use that opportunity to exit the dollar sphere. Title: Re: Another Deal to Circumvent the Dollar Post by: duke1839 on October 11, 2014, 03:09:15 PM Another nail in the Dollar's coffin. At this pace they are going to run out of nails. I claim the dollar can continue going on as it is for at least 20+ years before we see big changes. These deals countries make to settle up with each other using their own currencies don't really affect the dollar's reserve status. If Germany had any balls they would go back to the deutsche mark and maybe that currency could affect the dollar's reserve status. But don't hold your breath for any dollar collapse. It will happen but I don't think it is imminent. Title: Re: Another Deal to Circumvent the Dollar Post by: Eisenhower34 on October 11, 2014, 07:24:19 PM Truly significant news. It's getting tougher for the USD every day. Most of the dollar's problems is because of Obama's crazy economic policies. Once the GOP takes control of both parts of the legislature and hopefully takes control of the White House in 2017, the economic policies will be reversed and the amount of borrowing the US does will decrease substantially (and potentially the national debt will start to be reduced) Another nail in the Dollar's coffin. At this pace they are going to run out of nails. I claim the dollar can continue going on as it is for at least 20+ years before we see big changes. I doubt it. I would be surprised if its primary reserve status will last longer than 10 years from now. Things will accelerate quickly when the seed of distrust has sprouted. There are many countries that want to get rid of the USD hegemony. When they sense that the power of the empire is dwindling they'll use that opportunity to exit the dollar sphere. Title: Re: Another Deal to Circumvent the Dollar Post by: Nrcewker on October 12, 2014, 08:23:36 AM Another nail in the Dollar's coffin. +1Title: Re: Another Deal to Circumvent the Dollar Post by: kutaka on October 12, 2014, 09:17:49 AM 1 years old news.
Title: Re: Another Deal to Circumvent the Dollar Post by: picolo on October 12, 2014, 11:21:40 AM Central banks keep getting a lot of USD, if they were selling it it would be very bearish for the USD
Title: Re: Another Deal to Circumvent the Dollar Post by: bf4btc on October 12, 2014, 12:33:57 PM Another nail in the Dollar's coffin. At this pace they are going to run out of nails. I claim the dollar can continue going on as it is for at least 20+ years before we see big changes. These deals countries make to settle up with each other using their own currencies don't really affect the dollar's reserve status. If Germany had any balls they would go back to the deutsche mark and maybe that currency could affect the dollar's reserve status. But don't hold your breath for any dollar collapse. It will happen but I don't think it is imminent. Even if the dollar is no longer primarily used by foreign governments as a reserve currency, it will likely still be used as a 'secondary' reserve currency for a very long time Title: Re: Another Deal to Circumvent the Dollar Post by: pitham1 on October 13, 2014, 01:13:43 AM The article is dated Oct-13.
Nothing material seems to have happened on this front in the last 1 year. The BRIC countries joining together to form their own bank seems to be a bigger threat to the dominance of the dollar. Title: Re: Another Deal to Circumvent the Dollar Post by: abrahamlitcoin on October 13, 2014, 02:24:06 PM Any update about this?
Title: Re: Another Deal to Circumvent the Dollar Post by: polynesia on October 14, 2014, 05:10:55 PM Any update about this? Nothing in the news since then. Title: Re: Another Deal to Circumvent the Dollar Post by: DhaniBoy on October 14, 2014, 06:00:41 PM dollars now still be excellent in international trade transactions, despite the presence of competitors such as the euro and the pound, the dollar is still widely used in the export and import trade of a country, it also caused a lot of American interests abroad has mainly security issues, America is still a beacon of problem security world, as the world police can not release the American interests in other countries, so that for any economic problem America has a lot of interest in other countries, thus automatically also always used the American dollar in trade transactions ... 8)
Title: Re: Another Deal to Circumvent the Dollar Post by: pattu1 on October 15, 2014, 04:49:11 PM dollars now still be excellent in international trade transactions, despite the presence of competitors such as the euro and the pound, the dollar is still widely used in the export and import trade of a country, it also caused a lot of American interests abroad has mainly security issues, America is still a beacon of problem security world, as the world police can not release the American interests in other countries, so that for any economic problem America has a lot of interest in other countries, thus automatically also always used the American dollar in trade transactions ... 8) I think you are trying to say that the US, because of its military might and wide presence, pushes the use of the USD? Title: Re: Another Deal to Circumvent the Dollar Post by: picolo on October 16, 2014, 10:31:50 AM dollars now still be excellent in international trade transactions, despite the presence of competitors such as the euro and the pound, the dollar is still widely used in the export and import trade of a country, it also caused a lot of American interests abroad has mainly security issues, America is still a beacon of problem security world, as the world police can not release the American interests in other countries, so that for any economic problem America has a lot of interest in other countries, thus automatically also always used the American dollar in trade transactions ... 8) The Dollar is still the main international currency but the trend is negative and we see many indications that it will not be used as much anymore, Yuan and Gold will be used more, maybe Euro and Bitcoin too ;D Title: Re: Another Deal to Circumvent the Dollar Post by: chennan on October 16, 2014, 12:05:07 PM China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA.
Title: Re: Another Deal to Circumvent the Dollar Post by: polynesia on October 17, 2014, 01:13:25 AM China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, Title: Re: Another Deal to Circumvent the Dollar Post by: Jamacn on October 17, 2014, 01:58:00 AM China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead
Title: Re: Another Deal to Circumvent the Dollar Post by: DhaniBoy on October 17, 2014, 03:36:36 AM dollars now still be excellent in international trade transactions, despite the presence of competitors such as the euro and the pound, the dollar is still widely used in the export and import trade of a country, it also caused a lot of American interests abroad has mainly security issues, America is still a beacon of problem security world, as the world police can not release the American interests in other countries, so that for any economic problem America has a lot of interest in other countries, thus automatically also always used the American dollar in trade transactions ... 8) I think you are trying to say that the US, because of its military might and wide presence, pushes the use of the USD? of course it affects the use of the US dollar in other countries, along with the increasing insecurity in other countries, then the US as the world's policeman to use his right to secure its assets in other countries, such as political and economic assets, the safer the situation of a country the more dollars are used, especially in the field of economic assets ... Title: Re: Another Deal to Circumvent the Dollar Post by: picolo on October 17, 2014, 05:00:59 AM China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, The Communist Party in China is opening up the Yuan to the markets Title: Re: Another Deal to Circumvent the Dollar Post by: zinger on October 17, 2014, 06:20:38 AM China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, The Communist Party in China is opening up the Yuan to the markets How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world? Title: Re: Another Deal to Circumvent the Dollar Post by: pattu1 on October 17, 2014, 04:42:05 PM China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, The Communist Party in China is opening up the Yuan to the markets How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world? Let me remind you that the Chinese were one of the earliest civilizations to trade. Where do you think the name "Silk Road" came from? Title: Re: Another Deal to Circumvent the Dollar Post by: lyth0s on October 18, 2014, 03:53:07 AM China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead Spend USD on gold. Hold gold. GG. Title: Re: Another Deal to Circumvent the Dollar Post by: scarsbergholden on October 18, 2014, 11:19:55 AM China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, The Communist Party in China is opening up the Yuan to the markets How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world? Let me remind you that the Chinese were one of the earliest civilizations to trade. Where do you think the name "Silk Road" came from? The term 'Silk Road' came from China as it is/was a trade route from China. I believe (although may be incorrect on this) had something to do with the trade of meth. Title: Re: Another Deal to Circumvent the Dollar Post by: picolo on October 18, 2014, 01:10:07 PM China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, The Communist Party in China is opening up the Yuan to the markets How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world? You mean English? It is the "universal" language only for the last 100years or so and it may not be for that much longer Millions of Chinese are getting kind of rich each year and tens of thousands are getting rich while Americans will get poorer or won't get richer as a whole in the coming years China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, The Communist Party in China is opening up the Yuan to the markets How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world? Let me remind you that the Chinese were one of the earliest civilizations to trade. Where do you think the name "Silk Road" came from? The term 'Silk Road' came from China as it is/was a trade route from China. I believe (although may be incorrect on this) had something to do with the trade of meth. The Chinese Communist Party invented the concept of a dictatorship that allows most economical liberties so the people get richer and don't question the dictatorship too much which allows the ruling class to keep their power, their leadership and to enjoy a large share of the wealth created Title: Re: Another Deal to Circumvent the Dollar Post by: FattyMcButterpants on October 18, 2014, 04:45:18 PM China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, The Communist Party in China is opening up the Yuan to the markets How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world? You mean English? It is the "universal" language only for the last 100years or so and it may not be for that much longer Millions of Chinese are getting kind of rich each year and tens of thousands are getting rich while Americans will get poorer or won't get richer as a whole in the coming years Title: Re: Another Deal to Circumvent the Dollar Post by: tooil on October 18, 2014, 07:04:40 PM http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/ (http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/) This time it's China and the European Union. The Dollar may die sooner than expected? Look like it will happen sooner than expected. Many economists were expecting this to occur over 1-3 decades. Title: Re: Another Deal to Circumvent the Dollar Post by: picolo on November 05, 2014, 09:08:49 PM http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/ (http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/) This time it's China and the European Union. The Dollar may die sooner than expected? Look like it will happen sooner than expected. Many economists were expecting this to occur over 1-3 decades. China is growing strong and saving Gold, they produce a lot and they produce quality products The USD is over evaluated in the sense that the FED will print more USD in the coming decade than the market anticipates Title: Re: Another Deal to Circumvent the Dollar Post by: theblacksquid on November 05, 2014, 10:25:23 PM http://rt.com/op-edge/202259-brics-us-information-war/ (http://rt.com/op-edge/202259-brics-us-information-war/) http://www.bloomberg.com/news/2014-09-26/putin-s-sell-treasuries-for-brics-bond-plan-has-limits.html (http://www.bloomberg.com/news/2014-09-26/putin-s-sell-treasuries-for-brics-bond-plan-has-limits.html) The BRICS nations and their own development bank pose a greater threat to the USD's reserve currency status than the Euro will ever be. Title: Re: Another Deal to Circumvent the Dollar Post by: worle1bm on November 06, 2014, 12:16:51 AM A year old article spells doom for the dollar!
What crap. At least put some thought into it. Title: Re: Another Deal to Circumvent the Dollar Post by: pattu1 on November 07, 2014, 02:21:19 AM http://rt.com/op-edge/202259-brics-us-information-war/ (http://rt.com/op-edge/202259-brics-us-information-war/) http://www.bloomberg.com/news/2014-09-26/putin-s-sell-treasuries-for-brics-bond-plan-has-limits.html (http://www.bloomberg.com/news/2014-09-26/putin-s-sell-treasuries-for-brics-bond-plan-has-limits.html) The BRICS nations and their own development bank pose a greater threat to the USD's reserve currency status than the Euro will ever be. The Chinese with their huge reserves of dollars are the most potent. However, it is in their interest to see the dollar flourish. Title: Re: Another Deal to Circumvent the Dollar Post by: rh1n025 on November 07, 2014, 10:17:49 AM Truly significant news. It's getting tougher for the USD every day. Another nail in the Dollar's coffin. At this pace they are going to run out of nails. I claim the dollar can continue going on as it is for at least 20+ years before we see big changes. I doubt it. I would be surprised if its primary reserve status will last longer than 10 years from now. Things will accelerate quickly when the seed of distrust has sprouted. There are many countries that want to get rid of the USD hegemony. When they sense that the power of the empire is dwindling they'll use that opportunity to exit the dollar sphere. Sounds about right, the IMF actually have a 10 year plan for the SDR (Special Drawing Rights) to replace the dollar as the worlds reserve currency. Although the paper was released a couple of years ago so maybe more like 7 or 8 years now. I couldn't find the link to the actual paper but this sums it up nicely http://money.cnn.com/2011/02/10/markets/dollar/index.html Title: Re: Another Deal to Circumvent the Dollar Post by: picolo on November 07, 2014, 07:36:06 PM http://rt.com/op-edge/202259-brics-us-information-war/ (http://rt.com/op-edge/202259-brics-us-information-war/) http://www.bloomberg.com/news/2014-09-26/putin-s-sell-treasuries-for-brics-bond-plan-has-limits.html (http://www.bloomberg.com/news/2014-09-26/putin-s-sell-treasuries-for-brics-bond-plan-has-limits.html) The BRICS nations and their own development bank pose a greater threat to the USD's reserve currency status than the Euro will ever be. The Chinese with their huge reserves of dollars are the most potent. However, it is in their interest to see the dollar flourish. No it is not because what they will gain by not subsidizing the US will be far greater than what they will loose on their Dollar reserves Title: Re: Another Deal to Circumvent the Dollar Post by: YinShuiSiYuan on November 08, 2014, 06:21:52 AM http://rt.com/op-edge/202259-brics-us-information-war/ (http://rt.com/op-edge/202259-brics-us-information-war/) http://www.bloomberg.com/news/2014-09-26/putin-s-sell-treasuries-for-brics-bond-plan-has-limits.html (http://www.bloomberg.com/news/2014-09-26/putin-s-sell-treasuries-for-brics-bond-plan-has-limits.html) The BRICS nations and their own development bank pose a greater threat to the USD's reserve currency status than the Euro will ever be. The Chinese with their huge reserves of dollars are the most potent. However, it is in their interest to see the dollar flourish. Title: Re: Another Deal to Circumvent the Dollar Post by: arieq on January 03, 2015, 02:27:30 AM China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. The Growth of the GDP is meaningless these days, it' a vestigial indicator, all the grow of the GDP goes to the 1% so it measures almost nothing. Title: Re: Another Deal to Circumvent the Dollar Post by: General_A on January 03, 2015, 03:11:30 AM This:
China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead There is a lot more sinister plays being played out by both countries. At the moment the system is benefiting both countries, whether this rings true into the future is yet to be seen. All that can be read from this article is the dollar has a tiny bit of competition, that is all. Title: Re: Another Deal to Circumvent the Dollar Post by: picolo on January 03, 2015, 09:04:33 PM China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA. The Growth of the GDP is meaningless these days, it' a vestigial indicator, all the grow of the GDP goes to the 1% so it measures almost nothing. The growth of GDP is made by going into a lot of debt that will need to be repaid or destroyed by inflation. |