No Time Left, Time To Move Away From The Dollar

[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.