Bitcoin Forum
March 29, 2024, 08:56:12 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: 1 2 [All]
  Print  
Author Topic: Another Deal to Circumvent the Dollar  (Read 3272 times)
Ghepetto (OP)
Sr. Member
****
Offline Offline

Activity: 284
Merit: 255



View Profile
October 11, 2014, 07:56:07 AM
 #1

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?

--------------------Bagholder Extraordinaire--------------------
1711702572
Hero Member
*
Offline Offline

Posts: 1711702572

View Profile Personal Message (Offline)

Ignore
1711702572
Reply with quote  #2

1711702572
Report to moderator
1711702572
Hero Member
*
Offline Offline

Posts: 1711702572

View Profile Personal Message (Offline)

Ignore
1711702572
Reply with quote  #2

1711702572
Report to moderator
1711702572
Hero Member
*
Offline Offline

Posts: 1711702572

View Profile Personal Message (Offline)

Ignore
1711702572
Reply with quote  #2

1711702572
Report to moderator
Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711702572
Hero Member
*
Offline Offline

Posts: 1711702572

View Profile Personal Message (Offline)

Ignore
1711702572
Reply with quote  #2

1711702572
Report to moderator
1711702572
Hero Member
*
Offline Offline

Posts: 1711702572

View Profile Personal Message (Offline)

Ignore
1711702572
Reply with quote  #2

1711702572
Report to moderator
1711702572
Hero Member
*
Offline Offline

Posts: 1711702572

View Profile Personal Message (Offline)

Ignore
1711702572
Reply with quote  #2

1711702572
Report to moderator
RustyNomad
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250



View Profile WWW
October 11, 2014, 09:58:32 AM
 #2

Another nail in the Dollar's coffin.
zyzzbrah
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
October 11, 2014, 12:14:23 PM
 #3

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.
redhawk979
Sr. Member
****
Offline Offline

Activity: 271
Merit: 250


View Profile
October 11, 2014, 02:40:17 PM
 #4

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.
IIOII
Legendary
*
Offline Offline

Activity: 1153
Merit: 1012



View Profile
October 11, 2014, 02:53:32 PM
 #5

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.
duke1839
Full Member
***
Offline Offline

Activity: 143
Merit: 104


View Profile
October 11, 2014, 03:09:15 PM
 #6

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. 

1839REgeNTM2b84byywinp3BjtWdEqw27x
Eisenhower34
Legendary
*
Offline Offline

Activity: 907
Merit: 1002



View Profile
October 11, 2014, 07:24:19 PM
 #7

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.
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)
Nrcewker
Copper Member
Hero Member
*****
Offline Offline

Activity: 2128
Merit: 536


Building my own Dreams!


View Profile
October 12, 2014, 08:23:36 AM
 #8

Another nail in the Dollar's coffin.
+1

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
kutaka
Member
**
Offline Offline

Activity: 97
Merit: 10


View Profile
October 12, 2014, 09:17:49 AM
 #9

1 years old news.
picolo
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 500



View Profile
October 12, 2014, 11:21:40 AM
 #10

Central banks keep getting a lot of USD, if they were selling it it would be very bearish for the USD
bf4btc
Hero Member
*****
Offline Offline

Activity: 568
Merit: 500


Smoke weed everyday!


View Profile
October 12, 2014, 12:33:57 PM
 #11

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. 
The Euro is somewhat of a threat to the Dollars exclusive reserve status. It would probably have a better chance of dethroning the dollar as the world reserve currency then a currency that is only backed by Germany as the EU economy is many times larger then the German economy.

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

████████████████████████
███████████████████████████
█████████████████████████████
██████████████████████████████
███████████████████████████████
████▄▄▄█████████████████████████
█████████████████████████████████
███████████████████████████████████
██████████████████████████████████
████████████▄▄▄▄▄▄▄████████████████
█████████████████████████████████
████████▀▀▀██████████████████████
████████████████████████████████
████████████████████████████
████▀▀▀▀████████

pitham1
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile
October 13, 2014, 01:13:43 AM
 #12

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.

abrahamlitcoin
Member
**
Offline Offline

Activity: 81
Merit: 10

♔ of ♥


View Profile
October 13, 2014, 02:24:06 PM
 #13

Any update about this?

polynesia
Legendary
*
Offline Offline

Activity: 1358
Merit: 1000



View Profile
October 14, 2014, 05:10:55 PM
 #14

Any update about this?

Nothing in the news since then.
DhaniBoy
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
October 14, 2014, 06:00:41 PM
 #15

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 ...  Cool

█████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
▓▓▓▓▓  BIT-X.comvvvvvvvvvvvvvvi
→ CREATE ACCOUNT 
▓▓▓▓▓
█████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
pattu1
Hero Member
*****
Offline Offline

Activity: 675
Merit: 500


View Profile
October 15, 2014, 04:49:11 PM
 #16

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 ...  Cool

I think you are trying to say that the US, because of its military might and wide presence, pushes the use of the USD?
picolo
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 500



View Profile
October 16, 2014, 10:31:50 AM
 #17

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 ...  Cool

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 Grin
chennan
Legendary
*
Offline Offline

Activity: 1316
Merit: 1004


View Profile
October 16, 2014, 12:05:07 PM
 #18

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.

polynesia
Legendary
*
Offline Offline

Activity: 1358
Merit: 1000



View Profile
October 17, 2014, 01:13:25 AM
 #19

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,
Jamacn
Full Member
***
Offline Offline

Activity: 236
Merit: 100



View Profile
October 17, 2014, 01:58:00 AM
 #20

China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead
DhaniBoy
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
October 17, 2014, 03:36:36 AM
 #21

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 ...  Cool

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 ...

█████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
▓▓▓▓▓  BIT-X.comvvvvvvvvvvvvvvi
→ CREATE ACCOUNT 
▓▓▓▓▓
█████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
picolo
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 500



View Profile
October 17, 2014, 05:00:59 AM
 #22

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
zinger
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
October 17, 2014, 06:20:38 AM
 #23

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?
pattu1
Hero Member
*****
Offline Offline

Activity: 675
Merit: 500


View Profile
October 17, 2014, 04:42:05 PM
 #24

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?
lyth0s
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


World Class Cryptonaire


View Profile
October 18, 2014, 03:53:07 AM
 #25

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.

Monero - Truly Anonymous Digital Cash. Bitcoin Reading List 2017
scarsbergholden
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile
October 18, 2014, 11:19:55 AM
 #26

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 Chinese have been in the market of international trade longer then any other known civilization. Although their primary language is Mandarin (chinese) many/most people in China can and do speak english.

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.

picolo
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 500



View Profile
October 18, 2014, 01:10:07 PM
 #27

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 Chinese have been in the market of international trade longer then any other known civilization. Although their primary language is Mandarin (chinese) many/most people in China can and do speak english.

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
FattyMcButterpants
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
October 18, 2014, 04:45:18 PM
 #28

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
English has been the language of business because english speaking countries have dominated the amount of economic growth and have very strong military might. Countries have spoken the english language as the language of business since the Brittish empire
tooil
Full Member
***
Offline Offline

Activity: 181
Merit: 100


View Profile
October 18, 2014, 07:04:40 PM
 #29

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.
picolo
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 500



View Profile
November 05, 2014, 09:08:49 PM
 #30

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
theblacksquid
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
November 05, 2014, 10:25:23 PM
 #31


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

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.

Support Decentralized Commerce - OpenBazaar.org
Add some science to your mining!  GRIDCOIN
worle1bm
Full Member
***
Offline Offline

Activity: 1834
Merit: 166



View Profile
November 06, 2014, 12:16:51 AM
 #32

A year old article spells doom for the dollar!

What crap. At least put some thought into it.

███████ ███████        R O L L B I T               CRYPTO'S MOST INNOVATIVE CASINO               [ PLAY NOW ]        ███████ ███████
//     WHITEPAPER     //          R L B          //     RLB LOTTERY     //
███████ ███████      |       Twitter       |        ►   S P O R T S B O O K   |   [ N E W ]  C L A N S   ◄        |      Discord      |      ███████ ███████
pattu1
Hero Member
*****
Offline Offline

Activity: 675
Merit: 500


View Profile
November 07, 2014, 02:21:19 AM
 #33


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

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.
rh1n025
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile WWW
November 07, 2014, 10:17:49 AM
 #34

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
picolo
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 500



View Profile
November 07, 2014, 07:36:06 PM
 #35


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

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
YinShuiSiYuan
Hero Member
*****
Offline Offline

Activity: 1680
Merit: 505



View Profile
November 08, 2014, 06:21:52 AM
 #36


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

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.
This is correct. If the Chinese were to sell their dollar holdings then they would stand to lose a very large amount of money on losses on both their additional dollars they were not able to tell as well as their US government debt that would be trading at lower prices

.
.7 BTC  WELCOME BONUS!..
███████████████████████████
██████████▀▀▄▄▄▄▄ ▄▀▀██████
█████████▄██████ ████ ▀████
██████▀▀ ▄▄▄▄ ▀▀███▀▄██ ███
████▀   ██████   ▀██████ ██
███ ▄▄▄████████▄▄▄ ██▄▄▄ ██
██ █████▀    ▀█████ ████ ██
██  ▀██        ███▀ ███ ███
██   ▄██▄    ▄██▄   █▀▄████
███ ▄████████████▄ ████████
████▄▀███▀▀▀▀███▀▄█████████
██████▄▄      ▄▄███████████
███████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
██████████████████████████████▄▄▄█████▄▄▄████████████████████████████████████████████████████
██████████▄█████▄█▄███▄█▄██████████▄██▀▀▀████████████████████████████████████████████████████
██████████████▀████▄████▀██████████████████████████▄█████▄██▄█████▄████▄████▄████▄████████
█████████████████▐█████▌███████████▄█████▀███▀▀████████▀▀▀▀█████▀▀▀██████▀▀███▀▀███████████
██████████████▄████▀████▄██████████████████▄▄▄▄▄███▄▄▄▄█████▄▄▄████████████████████████
████████████████▀█▀███▀█▀██████████▀███████▀█████████▀█████▀██▀█████▀███████████████████████
██████████████████████████████▀▀▀████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████
███████████████████████████
████████▀▀  ▐█▌  ▀▀████████
██████▄     ▐█▌     ▄██████
████ ▀██▄▄███████▄▄██▀ ████
███    ██▀▀  ▄  ▀▀██    ███
██    ██   ▄███▄   ██    ██
████████  ███████  ████████
██    ██  ▀▀ █ ▀▀  ██    ██
███    ██▄▄ ▀▀▀ ▄▄██    ███
████ ▄██▀▀██████▀▀▀██▄ ████
██████▀     ▐█▌     ▀██████
████████▄▄  ▐█▌  ▄▄████████
███████████████████████████
.
.30+  ALTCOINS AVAILABLE..
arieq
Sr. Member
****
Offline Offline

Activity: 364
Merit: 254


View Profile
January 03, 2015, 02:27:30 AM
 #37

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.

General_A
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
January 03, 2015, 03:11:30 AM
 #38

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. 

picolo
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 500



View Profile
January 03, 2015, 09:04:33 PM
 #39

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.
Pages: 1 2 [All]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!