allthingsluxury (OP)
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May 11, 2018, 06:44:24 PM |
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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
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May 13, 2018, 11:37:03 PM |
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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.
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ladydark
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May 13, 2018, 11:54:30 PM |
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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.
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DooMAD
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May 14, 2018, 11:29:39 AM |
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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.
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allthingsluxury (OP)
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May 17, 2018, 06:00:00 PM |
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In the end, the Dollar will go the way of all other fiat currencies before it, and find its true intrinsic value. Zero.
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FrueGreads
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May 17, 2018, 06:40:00 PM |
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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.
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darkangel11
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May 17, 2018, 08:30:08 PM |
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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.
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Nichao
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May 17, 2018, 10:40:27 PM |
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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.
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stompix
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May 19, 2018, 05:46:18 PM |
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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: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIJclKEz.png&t=665&c=CLrhnkvpmW3xJw) 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 ?
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aso118
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May 19, 2018, 06:32:23 PM |
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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.
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kajin
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May 19, 2018, 06:35:02 PM |
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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.
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jvdp
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May 19, 2018, 06:41:11 PM |
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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.
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hualangktsld841
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May 19, 2018, 06:43:16 PM |
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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.
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Beerwizzard
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May 19, 2018, 06:50:56 PM |
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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. linkBut 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.
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clip123
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May 19, 2018, 06:56:07 PM |
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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
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stompix
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May 19, 2018, 07:19:54 PM |
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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. linkBut 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...
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ocid
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May 20, 2018, 05:40:10 AM |
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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.
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ladydark
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May 20, 2018, 10:43:06 AM |
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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.
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crzy
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May 20, 2018, 10:58:46 AM |
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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.
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Kakmakr
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May 20, 2018, 11:09:59 AM |
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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. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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