its official, china dumps the dollar.

its official, china dumps the dollar.

Posted in the Cookeville Forum

service2others

Cookeville, TN

#1 Sep 17, 2012
These duo (China and Russia) actions by the two most powerful adversaries of the U.S. economy and empire, have now joined in to make a move to attack the primary economic stronghold that keeps America as the most powerful economic superpower. Once the majority of the world begins to bypass the dollar, and purchase oil in other currencies, then the full weight of our debt and diminished manufacturing structure will come crashing down on the American people.

This new agreement between Russia and China also has serious ramifications in regards to Iran, and the rest of the Middle East. No longer will U.S. sanctions against Iran have a measurable affect, as the rogue nation can simply choose to sell its oil to China, and receive Yuan in return, and use that currency to trade for the necessary resources it needs to sustain its economy and nuclear programs.

The world changed last week, and there was nary a word spoken by Wall Street or by politicians who reveled in their own magnificence as this event took place during the party conventions. A major blow was done on Sept. 6 to the American empire, and to the power of the U.S. dollar as the world's reserve currency. And China, along with Russia, are now aiming to become the controllers of energy, and thus, controllers of a new petro-currency.

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

"On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.- Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.

Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today's price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China's announcement.
Yes we can

Cookeville, TN

#2 Sep 18, 2012
I wonder if this means the dollar will crash? I wonder if everyone will be surprised when they find their money to be worthless as the paper it’s written on, the banks shut down, Government checks Social Security, SSI, and EBT is stopped ? I wonder if some people will find it difficult to live in these conditions?
I wonder if people are planning and prepared for what’s soon to come “Total Economic Shut Down”?

I wonder if anyone has told Obama about all this? He has been very busy thou. Playing golf, issuing executive orders, to help us when martial law Starts, Raising campaign money, hanging out with pimp with a limp, but I’m sure he will take care of us with his New World Order Agenda. Yes We Can America!!! Yes we can…we can and have got screwed by Obama America.
Cat Man

Cookeville, TN

#3 Sep 18, 2012
This is not good!!!!!!
betch ya

Saluda, SC

#4 Sep 18, 2012
Do you "really" want see the value of the dollar ?
Watch the price of Gold...Its climbing up...
And that means the dollar, going down !
I really wish college kids could understand what that means for their futures...
Regardless what that professor tells you, you know, one of the 22 professors, You WILL NOT find a job,
YOUR future in ANY industry, is lost !
Blame it on Bush..
But Obama has been captain(ruler) of the American economic ship,for four years, and it seems to be lost in the fog, and taking on water.
Cat Man Doo

Cookeville, TN

#5 Sep 18, 2012
Looks like Obama has stepped in it.
Agreed

Cookeville, TN

#6 Sep 18, 2012
betch ya wrote:
Do you "really" want see the value of the dollar ?
Watch the price of Gold...Its climbing up...
And that means the dollar, going down !
I really wish college kids could understand what that means for their futures...
Regardless what that professor tells you, you know, one of the 22 professors, You WILL NOT find a job,
YOUR future in ANY industry, is lost !
Blame it on Bush..
But Obama has been captain(ruler) of the American economic ship,for four years, and it seems to be lost in the fog, and taking on water.
I agree…Good post.
I hope the younger voters have woke up, and wont find Obama as their savior this time. If they want to have a future and want to save this country they will vote Obama out.
Well

Cookeville, TN

#7 Sep 18, 2012
Talking with some of the democrats around here they seem confident that Obama is staying in office, and everything he has done is so great, and we are all on the right path to a better future.
Good lord! How can people be so blind to what Obama has done to our country.

How could someone say they are a Christine and vote Obama ? How could anyone who claims they care about their children and grandchildren’s future vote Obama? These Obama supporters are such idiots , It’s unbelievable.
waitasec

Cookeville, TN

#8 Sep 18, 2012
Well wrote:
Talking with some of the democrats around here they seem confident that Obama is staying in office, and everything he has done is so great, and we are all on the right path to a better future.
Good lord! How can people be so blind to what Obama has done to our country.

How could someone say they are a Christine and vote Obama ? How could anyone who claims they care about their children and grandchildrenÂ’s future vote Obama? These Obama supporters are such idiots , ItÂ’s unbelievable.
Almost like they are hypnotized! Kinda scary!
the kid rulz

Columbia, TN

#9 Sep 22, 2012
the 2 bush war mongers caused all of this by keeping us in every war and conflict possible . for their greed for govt. contracts and oil. The sad part is we still haven't accomplished a damn thing and gas is 4 dollars a gallon. Blame obama if you want , but no one could clean up this mess after the republicans decided 2 police the world. Mitt Romney is nothing more than a con man. We are f----d. Where is Ross Perot and T. boone Pickens when we need them?
Wonder

United States

#10 Sep 22, 2012
the kid rulz wrote:
the 2 bush war mongers caused all of this by keeping us in every war and conflict possible . for their greed for govt. contracts and oil. The sad part is we still haven't accomplished a damn thing and gas is 4 dollars a gallon. Blame obama if you want , but no one could clean up this mess after the republicans decided 2 police the world. Mitt Romney is nothing more than a con man. We are f----d. Where is Ross Perot and T. boone Pickens when we need them?
Maybe your not old enough to remember (by the Ross Perot reference I think you are) but after the towers fell this entire country had the need for justice. We ALL wanted justice , war had been declared on us and we had no choice. The war in Iraq was started because of bad intel. President Bush has a hard decision to make, he was told they were going to make a nuclear bomb and they had the tools to do it. If you were in his shoes at that moment, with the U.S. just being attacked, what would you have done? Gambled with our lives when the intel said they had it? Hindsight is always 20/20. President Bush had a hard decision to make, but he was man enough to do it.

Obama can't make a decision like that, right or wrong. If he had been president on 9/11 he would have apologized to the world for our buildings and planes killing their citizens.
the kid rulz

Columbia, TN

#11 Sep 22, 2012
first of all we knew and had been warned several times about the airplane and twin tower stuff. we ignored it, we spend all our defense resourses in every 3rd world country and make no effort too protect our own country. yes he made a bad decision in Iraq, so 2 cover up his bad mistake he and his entire staff formed companies and awarded theirselves govt. contracts too get rich off of. poor Bush. he should be in prison, he is no better than Bernie Maddof, just not as smar. I voted for ross Perot, and I remember the stolen election Bush beat Gore in. I am not a fan of Obama, certainly not a democrat, But how can you think 10 years fighting desert people will bring back the towers. We need too bring our troops home, secure our borders, Let israel fight Iran if they so choose and let China and Japan kill each other. Korea isn't our problem either. No jobs, 4 dollars a gallon gas. We would be better off with Bill and Hillary than Romneys conning ass.
Wonder

United States

#12 Sep 23, 2012
the kid rulz wrote:
first of all we knew and had been warned several times about the airplane and twin tower stuff. we ignored it, we spend all our defense resourses in every 3rd world country and make no effort too protect our own country. yes he made a bad decision in Iraq, so 2 cover up his bad mistake he and his entire staff formed companies and awarded theirselves govt. contracts too get rich off of. poor Bush. he should be in prison, he is no better than Bernie Maddof, just not as smar. I voted for ross Perot, and I remember the stolen election Bush beat Gore in. I am not a fan of Obama, certainly not a democrat, But how can you think 10 years fighting desert people will bring back the towers. We need too bring our troops home, secure our borders, Let israel fight Iran if they so choose and let China and Japan kill each other. Korea isn't our problem either. No jobs, 4 dollars a gallon gas. We would be better off with Bill and Hillary than Romneys conning ass.
First of all your facts are all wrong, please research everything you just posted about, the facts are easily found. Bush did not steal the election from Gore, in every recount up until the stop order Bush had won. South Korea, Japan and Israel are our allies and we need to stand with them. If we abandon all of our allies then we are a country on our own, susceptible to attacks from several countries at once, we need friends. Lastly we can't use our troops to secure our boarders, something else you need to research.

I agree that neither candidate is the best for the job, I am neither a democrat or republican(I believe we should eliminate the two party system) but you must pick the lesser of the two evils. Obama has had 4 years and the democrats have had 6 years in the house and they can't accomplish anything but a larger deficit.
the kid rulz

Columbia, TN

#13 Sep 23, 2012
Since you are a genius, allies refers 2 people who are on your side and will help you when you are in a crisis. Let me know when japan , South Korea, or Isreal , as far as Mexico , Canada, and any other of these pitiful countries will ever engage in combat. We have one true ally, It is Great Britain. @ pick the less of 2 Evils is like Quitting . Get your facts straight, Florida was stolen from Al Gore, who I wouldn't of voted for either, but he was the less of 2 Evils. There isn't a 2 party system anymore, It is about an 8 party system, The govt. only gives campaign money too 2 of them, shows how fair of a Govt. we have. Sorry If my post offended you, It obviously has. I'm sure you have never been wrong in your entire life either. Our Natl. Guard and Coast Guard are our so called defense against the enemy. The Natl guard isn't capable of protecting anything, It is made up of mostly semi retired ex miliatary and wore out hand me down equipment. Most of the people only see the 2 weeks a year they are so called training, and getting a check at their mailbox. The coast guard can only do so much, but they are at least real Miliatary.
Wonder

Charlotte, NC

#14 Sep 23, 2012
Like I said, do some research you are wrong again. I won't sit here and tell you about every thing you are wrong about, I don't have that kind of time and I dont care for arguing (debate is a different story). I have been wrong plenty in my life, I learn and grow from it.

Just sit and research it all, you will get your answer.

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