No Time Left, Time To Move Away From The Dollar

[allthingsluxury]

As interest rise the emerging markets are being demolished. The bonds that Argentina issued are worthless and they are looking to get a bailout from the IMF.

Hedge fund investors are now shorting the market, plus they are saying many corporations are going down with the ship.

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.


Click here to watch this video and to read more:

https://goldsilverliberty.blogspot.com/2018/05/no-time-left-time-to-move-away-from.html

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[Hydrogen]

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.

Bolded: If I remember right, the united states and european union imposed sanctions against russia and banned them from the SWIFT financial network. The only option available to russia (and nations under sanctions) was to find ways to become more independent and operate outside SWIFT utilizing financial networks which are denominated in something other than the US dollar. In a way, one might say that russia was banned from using the dollar under sanctions, and so they sought alternatives which is a bit different from blaming Putin for everything.

The major push for abandoning the us dollar comes from china btw. Over the last year china has moved to denominate its oil transactions in the yuan (china's native currency). China has leveraged its political and economic influence towards forcing saudi arabia and russia to likewise sell china oil in their native yuan currency. I don't know how Vladimir Putin deserves the blame for any of this but alas he looks innocent here.

I think may's US economic metrics will be critical in determining whether we'll soon see a recession as well as how severe it may be. Its nice to think that "only corporations will go down with the ship" if another crisis happens. The sad truth is it would have a negative effect on everyone.

[ladydark]

China and Russia have been trying to avoid USD for years and now,i think that they have succeeded by getting crude oil from Iran with their own currencies.Tgey are even trying to add some more countries in their group in the war against USD.

[DooMAD]

China and Russia have been trying to avoid USD for years and now

Not just them, but all the BRICS nations are hedging against USD and have effectively launched a rival to the World Bank, emphasising trade in local currencies.  There was also talk of having their own BRICS cryptocurrency, but I'm not sure if any steps have been taken to implement the idea yet.

[allthingsluxury]

In the end, the Dollar will go the way of all other fiat currencies before it, and find its true intrinsic value. Zero.

[FrueGreads]

I don't think Russia is an example to anyone, specially with all the conflicts they are having because of Putin re-election that some say it's not very transparent. Let's not forget that Russia is facing sanctions from US and the European Union, so it's perfectly natural that he want's to oppose and generate fud over other major currencies. Not saying the dollar is in good shape because we all know it's not, and we might actually see a recession coming up.

Anyway I do hope that if people actually start leaving the dollar, they start going into bitcoin, and not a centralized currency of a most likely corrupt government.

[darkangel11]

The world seems to be dividing into groups with similar interests. For instance you can see how USA is working closely with Israel and against Muslim countries like Iran and Syria, Japan seems to be allying with Korea, while China with Russia. At the same time we have a tense situation between the EU and Russia. I think that we're inevitably walking towards an armed conflict.

[Nichao]

Looks like there can be the end of US totally controlled USD market. If countries start trading without USD, it is much harder to control them (sanctions etc), but i think in the nearest months everything can change.. Trump has not much time.

[stompix]

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.

Bolded: If I remember right, the united states and european union imposed sanctions against russia and banned them from the SWIFT financial network. The only option available to russia (and nations under sanctions) was to find ways to become more independent and operate outside SWIFT utilizing financial networks which are denominated in something other than the US dollar. In a way, one might say that russia was banned from using the dollar under sanctions, and so they sought alternatives which is a bit different from blaming Putin for everything.

No, it never happened.
Second, SWIFT is not about the US dollar, as the company has been founded in Belgium.
It's all about access to the network, I doubt transactions between banks in Australia and Japan are happening in $.

The major push for abandoning the us dollar comes from china btw. Over the last year china has moved to denominate its oil transactions in the yuan (china's native currency). China has leveraged its political and economic influence towards forcing saudi arabia and russia to likewise sell china oil in their native yuan currency. I don't know how Vladimir Putin deserves the blame for any of this but alas he looks innocent here.

Which led to nowhere...
RMB’s share as a world payments currency, 2012-February 2018:

China and Russia have been trying to avoid USD for years and now,i think that they have succeeded by getting crude oil from Iran with their own currencies.Tgey are even trying to add some more countries in their group in the war against USD.

Yeah, Russia getting oil from Iran is one hell of a move...

Not just them, but all the BRICS nations are hedging against USD and have effectively launched a rival to the World Bank, emphasising trade in local currencies.  There was also talk of having their own BRICS cryptocurrency, but I'm not sure if any steps have been taken to implement the idea yet.

It's not BRICS, it's more like C alone, the other four are in such a mess nobody is taking them seriously.
Brazil? The capital of corruption and murders? Russia, the biggest country on earth with huge reserves of everything valuable and the GDP of Netherlands? South Africa, racing 1000 miles an hour to catch Venezuela ?

[aso118]

The US Dollar may be on the decline, but nobody can say whether it has a few months, years, or decades before it collapses. Right now, the increase in interest rates is making it attractive for global investors who are buying US bonds. The USD has appreciated in value against most global currencies over the past few months.

[kajin]

The US Dollar may be on the decline, but nobody can say whether it has a few months, years, or decades before it collapses. Right now, the increase in interest rates is making it attractive for global investors who are buying US bonds. The USD has appreciated in value against most global currencies over the past few months.

No one has the timeline for sure. Calls for doomsday have been made since the 2008 financial crisis. But we do see it coming miles away. and It will happen. Within the next five years, imo. One thing is for sure, it's a bigger bubble and we can't really have negative interest rates this time around to reinflate that bubble.

[jvdp]

The US Dollar may be on the decline, but nobody can say whether it has a few months, years, or decades before it collapses. Right now, the increase in interest rates is making it attractive for global investors who are buying US bonds. The USD has appreciated in value against most global currencies over the past few months.

Until world power under the control on US dollars you cannot get the world countries treated well mate. Please invest you fund on bitcoin and alts with in 5 years you will be find the usage of dollars in some months. Russia and Japan really fighting with US to get rid of from the US dollar usage.

I have heard few months back, after Russia election Vladimir Putin said that Russian government gonna start accept the bitcoin and alts in June month. May be next month we may find the btc rate will be spike up.

[hualangktsld841]

Most economists share the same view that the value of USD will decrease in the future. This is, of course, related to the contraction policy of the United States in recent years. I think the world economy is getting worse and worse. It is hard for most people to hope that there will be no economic crisis.

[Beerwizzard]

Which led to nowhere...
RMB’s share as a world payments currency, 2012-February 2018:

1.5% of the world payments is still a good number. Ofc they are far from taking the leadership (and they probably won't) but anyway

Yeah, Russia getting oil from Iran is one hell of a move...

By the way they are thinking about using cryptocurrencies to avoid sanctions. link
But in this case a new crypto that they issue (they probably won't use the already established ones) may turn up with another cancerous thing to the whole crypto market and even make more people think that cryptos are used for shady activities.
Anyway imho I don't think that something else (crypto or fiat) will overtake USD.

[clip123]

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.

Bolded: If I remember right, the united states and european union imposed sanctions against russia and banned them from the SWIFT financial network. The only option available to russia (and nations under sanctions) was to find ways to become more independent and operate outside SWIFT utilizing financial networks which are denominated in something other than the US dollar. In a way, one might say that russia was banned from using the dollar under sanctions, and so they sought alternatives which is a bit different from blaming Putin for everything.

The major push for abandoning the us dollar comes from china btw. Over the last year china has moved to denominate its oil transactions in the yuan (china's native currency). China has leveraged its political and economic influence towards forcing saudi arabia and russia to likewise sell china oil in their native yuan currency. I don't know how Vladimir Putin deserves the blame for any of this but alas he looks innocent here.

I think may's US economic metrics will be critical in determining whether we'll soon see a recession as well as how severe it may be. Its nice to think that "only corporations will go down with the ship" if another crisis happens. The sad truth is it would have a negative effect on everyone.

What sources you use? fake media will never talk about this until it is too late

[stompix]

Which led to nowhere...
RMB’s share as a world payments currency, 2012-February 2018:

1.5% of the world payments is still a good number. Ofc they are far from taking the leadership (and they probably won't) but anyway

It's a good number if it would have been growing from 1%, unfortunately from them is going down from 2.5%

Yeah, Russia getting oil from Iran is one hell of a move...

By the way they are thinking about using cryptocurrencies to avoid sanctions. link
But in this case a new crypto that they issue (they probably won't use the already established ones) may turn up with another cancerous thing to the whole crypto market and even make more people think that cryptos are used for shady activities.
Anyway imho I don't think that something else (crypto or fiat) will overtake USD.

You missed the main reason why I was laughing at that thought.
Russia buying OIL from Iran sounds like Greenland importing ice.

Besides that, how do they avoid sanctions with crypto? What is the difference between using crypto and fiat?
Nobody is stopping the Russian government to pay rubles to the Iran government.
Sanctions don't work like that.

No one has the timeline for sure. Calls for doomsday have been made since the 2008 financial crisis. But we do see it coming miles away. and It will happen. Within the next five years, imo. One thing is for sure, it's a bigger bubble and we can't really have negative interest rates this time around to reinflate that bubble.

Reading your post I wondered how old was the first prophecy about the death of the dollar on this forum.
Not going to link it to avoid some moron bumping that thread but it's:

Jintao: dollar-denominated international currency system "product of the past"
January 16, 2011

7 years later and the dollar is still king...

[ocid]

Until now the dollar has become the main currency in the world, although China and Russia are trying to avoid the dollar, world marketing will still be appreciated from its main source that is using Dollar, even USD currency has been trusted by all banks in the world.

[ladydark]

Russia and China have been trying from years ago to just boycott USD and trade in between them in their own currencies.Iran came as a third partner in this situation and it was ready to sell crude oil for local currency instead of USD.Now more countries are in the same idea to move away from USD and use their own national currencies.

[crzy]

China and Russia have been trying to avoid USD for years and now,i think that they have succeeded by getting crude oil from Iran with their own currencies.Tgey are even trying to add some more countries in their group in the war against USD.

USD will be no longer a powerful currency in the future if China and Russia continue on this kind of revolution against USD for sure they will succeed. Well, as the market soon to approach recession I see a big decline on the value of USD, and this can be a big chance for other currency, especially with cryptocurrency to take over.

[Kakmakr]

You can move wherever you want to, but the USA has always found ways to avoid a total collapse in their economy, even if it meant that they will have to go to war against the people who caused this. They have worked for centuries to establish themselves as the "Peacekeepers", but they do not hesitate, when there is any economic gain to take the WAR route out.

So do not think, if Russia and China is moving away from the Dollar, that the USA will just ignore that. 

[ylnar123]

China and Russia have been trying to avoid USD for years and now,i think that they have succeeded by getting crude oil from Iran with their own currencies.Tgey are even trying to add some more countries in their group in the war against USD.

Just like the ICO I joined where they are not accepting US citizen. Russian countries as well as China are trying to avoid dealing business with USD currency because of the conflict with the monetary aspects in each country. Right now Russia and China are on the right track on their motives to avoid the usage of USD.

[Dukjila]

The PRC decided to limit the circulation of dollars to its territory, while
gave an oral instruction to banks and exchange offices to limit the sale of dollars to individuals and legal entities.
I think this is a consequence of the fact that the Chinese stock market collapsed the other day, which led to the outflow of foreign capital from the country.
Russia keeps money in gold, for 18 years Russian gold reserves have grown by 500%.
As for plans to abandon the US dollar, if Beijing rejects the US currency when conducting international trade operations, the dollar's status will drop very sharply.

[cryptoalfs76]

As interest rise the emerging markets are being demolished. The bonds that Argentina issued are worthless and they are looking to get a bailout from the IMF.

Hedge fund investors are now shorting the market, plus they are saying many corporations are going down with the ship.

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.


Click here to watch this video and to read more:

https://goldsilverliberty.blogspot.com/2018/05/no-time-left-time-to-move-away-from.html

Definetly since from the start Russia and China is collaborating each other because they have disame kind of government and they want to  make there currency stronger than dollar,thats why they move it away because they patrionize there own currency,while in the other hand those happen in argentina that they issued a worthless because they are looking to get a bailout from the IMF,i thinks thats is not true,because all things they bond is worthy because until now the emerging market is still existing.

[Herbys]

Now this is an urgent issue. Especially in terms of US policy in recent times. Therefore, many countries have long been developing alternate options for the world currency, to replace the dollar. As always, the best investment is gold, which has always been in price.

[1Referee]

As always, the best investment is gold, which has always been in price.

It's not the best investment at all. In most cases if people end up buying Gold, they buy nothing more than a promise that they own whatever amount of Gold, which is a statement that's practically worthless. If you don't own what you buy, you just don't have it, period. In the same way if you buy physical Gold and store it elsewhere (likely within banks), you again don't own anything.

I am obviously biased and will always go for Bitcoin instead of Gold, but even from an unbiased position, we want a safe haven asset that at the same time will appreciate in value in a worthy manner, and that alone should make Bitcoin the preferred option. The only major drawback is that for very large institutions Bitcoin's lack of liquidity doesn't offer that much of an interesting outlook. Gold doesn't have any liquidity problems, and will likely remain the best possible option for institutions until Bitcoin improves in that aspect.

[Daseento]

Now I know why the likes of Venezuela are thinking of crypto adoption for their currency and just last week, The United Arab Emirates inaugurate an economic committee to develop a suitable roadmap for crypto adoption in the country. I think the wise one have started taking steps towards abandoning dollar. Bitcoin is the next global currency.

[Lagrood]

It is absolutely absurd. As far as I know America is the main trading partner of China and as you know payments are in dollars. What about Russia, with my respect of Russia, nobody can trust this information inside Russia because Russia have more than 70% import of basic goods which are in dollars and all businessman, politics and rich people hold their savings in dollars because unfortunately ruble is unstable and very weak currency especially last time.

[ivrynx]

I agree with this, the dollar is falling, though there is inflation everywhere, the movement of power is shifting frowm west to east, china and russia are alrrady proving to the world that they are the new superpower both have strong military and us is just becoming a big bully in asia but they cannot control the east because to the two countries, and the us has a huge debt with china that they need to pay in the future, and from what is happening war cannot be the answer since all powerful countries now has nuclear weapons as well as oil, since thatt is the only thing that is keeping their economy alive.

[Flor1982]

As interest rise the emerging markets are being demolished. The bonds that Argentina issued are worthless and they are looking to get a bailout from the IMF.

Hedge fund investors are now shorting the market, plus they are saying many corporations are going down with the ship.

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.


Click here to watch this video and to read more:

https://goldsilverliberty.blogspot.com/2018/05/no-time-left-time-to-move-away-from.html

I don't believe that its easy as 1,2,3 that they can stay away to not to use the dollar anymore. Maybe China but I don't think so for the Russia in which their economy is breaking after the dissolved of the USSR because members moved away from Russia. The dollar is the most commonly use around the globe in which its already build a foundation of trust among the nations so i think in needs for China and Russia to convince the other nations to become communist first before they can successfully encourage them to do not use the dollar anymore.

[ShadowBits]

As interest rise the emerging markets are being demolished. The bonds that Argentina issued are worthless and they are looking to get a bailout from the IMF.

Hedge fund investors are now shorting the market, plus they are saying many corporations are going down with the ship.

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.


Click here to watch this video and to read more:

https://goldsilverliberty.blogspot.com/2018/05/no-time-left-time-to-move-away-from.html

I think it is just a bit to early to do that since our financial systems isn't yet stable. But who knows what will happen. We are going to hope for the best.

[meanwords]

The fact that a transition from Dollars to another currency is scary enough but with this current system, it's inevitable. Russia and China are huge countries in terms of economics which is why I conclude that they have enough power to overcome dollar as it is no doubt falling. They would have to think of another way to maintain dollars or else it would be a total end for them. Sooner or later we would feel the transition. Things will change and a lot of lifestyles would be ruined. Well, Time to stack some Bitcoins or maybe a little bit of gold.

[mriansa]

it seems like this is one bad news that tries to destroy bitcoin prices and it seems this is just a conspiracy only, it is better for the reader not to get too panicked and do not be easily affected.

[Btcwashu]

it seems like this is one bad news that tries to destroy bitcoin prices and it seems this is just a conspiracy only, it is better for the reader not to get too panicked and do not be easily affected.

Hopefully all countries are adopting cryptocurrency especially to the bitcoin as a payment system of the you're purchase so that we totally leaving the dollar as our fiat money for the payment of our all purchases. If some countries are not adopting cryptocurrency as a payment system we cannot totally leave the dollars because those countries are still using the current currencies a fiat money called dollars.

[no0dlepunk]

I don't know what does this mean exactly but it has been a while since I used USD eh; Bitcoin will soon dominate this FIAT and you just have to accumulate as many as you can ASAP.

[stompix]

I don't know what does this mean exactly but it has been a while since I used USD eh; Bitcoin will soon dominate this FIAT and you just have to accumulate as many as you can ASAP.

Pure curiosity, where are you from and what can you have used $ for?
I live in the EU and I haven't used USD directly (not cc conversion) more than a few times in a decade.
I'm pretty sure half of China hasn't used the dollar this decade either but this doesn't mean a thing.

Hopefully all countries are adopting cryptocurrency especially to the bitcoin as a payment system of the you're purchase so that we totally leaving the dollar as our fiat money for the payment of our all purchases. If some countries are not adopting cryptocurrency as a payment system we cannot totally leave the dollars because those countries are still using the current currencies a fiat money called dollars.

This is why we can;t have nice things..like a clean forum:P
So, if the western world will ditch the dollar and adopt cryptos, the dollar will continue to work because Somalia is using it? Are you even trying to understand what you're typing?

I agree with this, the dollar is falling,

We two live in different universes...

the movement of power is shifting frowm west to east, china and russia are alrrady proving to the world that they are the new superpower

Call me when the minimum wage in Russia is more than a day of work at McDonald's.

[crzy]

I don't know what does this mean exactly but it has been a while since I used USD eh; Bitcoin will soon dominate this FIAT and you just have to accumulate as many as you can ASAP.

That’s true, a best time to accumulate more good coins because fiat money will become more weak in the coming years because our technology will continue to grow. USD or whatever currency you are using right now as long as you believe on it you are still in good hands, this is not only about making money but of course to make good relationship to other country using one technology that we can easily transact.