Destruction of the US dollar

Soros is not to blame for the condition of the US dollar or for our impending collapse. WE did it to ourselves, or allowed banks, military contractors, politicians, unions, and other fat cats to do it to us.

I think that something to be watchful of is the quiet reshoring of jobs.

http://www.thenewamerican.com/econo...-force-the-re-shoring-of-jobs-is-accelerating

Don't be fooled by the article here. It creates the illusion that this is free market phenomenon when in fact it's just a restructuring of policy by the fat cats because they know how bad of shape we're in. I don't think they'll resteer policy in scope...just a temporary shenanigan for effect.

Relevant reading... Russia sinks $1.5 billion into U.S. tech firms
 
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Dollar index is only a measure against other currencies. DX has literally nothing at all to do with the orderly destruction of the dollar as chronicled in this thread and elsewhere.
 
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Aren't China and Russia starting a currency exchange tomorrow?
 
Aren't China and Russia starting a currency exchange tomorrow?

Yes. Along with deals for commodities trading, as I detailed in another recent thread in this subforum. 12/29 could be a very interesting day on all markets. Disappearing plane story is probably a fresh media distraction away from this.

Here's the thread:
http://www.ronpaulforums.com/showth...and-China-sign-deal-to-start-bypassing-dollar

Worth noting that China and Malaysia just completed a deal bypassing the dollar.
 
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They are adding Russian and Malaysian currencies to their foreign exchange (Forex) market. They already trade in US Dollars, Japanese Yen, Euros, Australian Dollars and five other currencies. It really isn't a "by-pass" of the dollar. Traders can buy dollars with yuan or British Pounds with rubles or Euros with yen or whatever other currencies are allowed.
 
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LOL! Ron Paul: Dollar Will Collapse, Gold Will “Go To Infinity”

I agree

June 19, 2013

Appearing on CNBC yesterday, former Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless.

“Eventually, if we’re not careful, it will go to infinity, because the dollar will collapse totally,” Paul said on CNBC.com’s Futures Now.

http://www.infowars.com/ron-paul-dollar-will-collapse-gold-will-go-to-infinity/
 
Dollar was dead long ago . Dollar has been dead since you could no longer buy anything with one .
 
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Dollar is dead , they should just print Two's , 10's , 25's and get rid of 1's ,5's ,20's .LOL
 
Health care, hospital services, prescription drugs, "specialty" prescription drugs, food, college tuition, housing, automobiles, automobile insurance, automobile repairs, property taxes, credit card interest rates, bank services…

Do I really have to post the data or do Zippy and PRB have their bills paid for spewing strong dollar BS, so I have to post the actual numbers?

Silver and gold are severely (and illegally) managed "commodities" so that the Zippy Zombies will believe the dollar actually has been getting stronger.

Buy it while you can at these managed prices or forever hold your peace.

The bullion market (as it has been proven) trades 100 times physical to manage the prices while raking in billions in profit. But don't fret, an 'investigation' is under way.

Meanwhile...

JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen.

The total JP Morgan silver stockpile has increased dramatically in the last four years. In 2011, JP Morgan has little or no physical silver. By 2012, they had acquired 5 million ounces of silver bullion.

Incredibly, in the last 3 years their COMEX silver stockpile has increased tenfold and is now over 55 million ounces...

...while one can debate just what was the net demand/supply for various other sectors such as jewelry, technology, and physical (not paper) gold investment, one thing is clear: central banks went on a shopping spree. According to the latest World Gold Council data, in 2014 the world's central banks went on a golden shopping binge to take advantage of the ongoing dumping in paper ETF gold, resulting in bank net purchases amounted to 477 tonnes over the past year, a 17% above 2013’s 409 tonnes. This was the second highest year of central bank net purchases for 50 years, coming second only to the 544 tonnes added to global gold reserves in 2012.

Of course, the CBs just want to load up on gold tonnage in their vaults "for tradition", so Zippy recommends loading up on dollars instead. You decide. :rolleyes:
 
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