Inforgraph – Dollar No More
Countries and international groups that have switched from US dollar to national currencies in trade.
In early 2014, Justin Yifu Lin, the former World Bank Chief Economist, blamed the dominance of the US dollar for global economic crises and said it should be eliminated as the world’s reserve currency. According to Lin, the solution would be to replace the national currency with a global currency.
In the recent months, several countries, including Russia, China, India and Turkey, have decided to ditch the US dollar in their foreign trade, often paying for products in gold or other agreed on currencies.
Even more interesting now the dollar has fallen 6% in the last 4 weeks and gold hasn’t gone up a penny.
Wow, in 2013 and 2014 the world reserve currency wasn’t invited to the party more than most probably realize. Thanks for posting it Cory.
GREAT POST……………….. THE BOOT has been given.
Yup, the reserve currency is changing.
As everyone knows it happens every 100 yrs aprox.
So, its just time.
We shall see how much goods rise in price as those dollars return to the states.
But the change from pounds to dollars was pretty orderly, not sure why this change shouldnt be as well.
People don’t question anything anymore and it’s too bad for North Americans because we had it made and we got soft and boy did we get soft, now we are going to lose much more because most of us don’t realize how are ignorance has been our undoing.
Martin Armstrong has repeatedly countered this, by saying that there’s no other game in town.
My little brain says, Martin is correct.
Have you all ever been to China? India? I haven’t been to Russia, but there’s NO COMPARISON between the US and these other 2. The dollar will rule for the next 50 yrs.
The closest current competitor is the Euro. And look how that’s doing (not well).
Yes, I don’t think the dollar will disappear Bill in Tokyo, but the reserve currency status is already in flux in international trade, and the PetroDollar is on the chopping block as well. The BRICS will want in on global trade, and what will likely happen is that there will be a basket of currencies and maybe some backing of commodities like Oil reserves and PM reserves.
If you follow what the Council on Foreign Relations, Trilateral Commission, and Bilderberger/Bohemian Grove brotherhoods want……it is 1 global currency. Now there is no way people are going to roll over and accept something like that until there is an all out currency crisis.
So like everything these David Rockefeller organizations do, they nudge the sheeple their direction but make it seem like it was everyone’s new idea. Problem/Reaction/Solution.
They orchestrate chaos create a Problem (Currency Wars), there is an anticipated Reaction (we don’t want the US dollar or Euro or Yen or Ruble etc… we want some kind of single basket…..grumble grumble grumble……) and then they provide a Solution (how about a micro-chipped population and just one currency that we (I mean the people) control…… That’s the end game, this is the tragic comedy and final flails of a dying era. Globalization is knocking….currency wars….Forward March!
It really is all about the Fiat Dollar and the 2 slogans with the all seeing eye at the top of the pyramid of power: Novus ordo seclorum; Annuit cœptis.
The phrase Novus ordo seclorum (Latin for “New order of the ages”) appears on the reverse of the Great Seal of the United States, first designed in 1782 and printed on the back of the United States one-dollar bill since 1935.
Annuit cœptis (/ˈænjuːɪt ˈsɛptɨs/; in classical Latin: [ˈannwɪt ˈkojptɪs]) is one of two mottos on the reverse side of the Great Seal of the United States. Taken from the Latin words annuo (third-person singular present or perfect annuit), “to nod” or “to approve”, and coeptum (plural coepta), “commencement, undertaking”, it is literally translated, “[he/she/it] favors our undertakings” or “[he/she/it] has favored our undertakings” (annuit could be in either the present or perfect tense).
Basically the plan is approved and endorsed by the top of the pyramid for New order of the ages…..and this age is upon us…….enjoy!!
You may not have been in China. If you have been there you would realize it has massive productivity. Large cities are fairly advanced. I have seen a lot which I would not see in US, bullet train for example. There are more people in Chinese large cities than US as a whole. Not saying China is richer, just like to say there is comparison and in a lot areas China is ahead. China is larger in manufacturing than us already. India does not come close.
I agree the dollar will continue. It’s that production outside the US will get more expensive forcing the US to reconsider manufacturing domestically. Other than that, I think it will simply mean in the next 25 years that imported goods will be more expensive. Nothing else and the dollar is not going to become worthless. When you travel to these other nations, the people always want dollars. But it is a start and these things take time.
Yes, the dollar will continue, just as the pound continued.
And all the reserves before the pound.
Its just time now.
Manufacturing in the states should increase in relation to how low wages go, unless the plan is to use robots of course. lol
What your guys are leaving out is whats important to all the major BIG global players, liquidity, and only 1 currency provides that, US$
I’ve been saying for months we are going to an assed based system. The rest of the world is ” Fed up ” ( pun intended ). Most countries are not using the USD right now to clear international trade. It’s a fact!
The BRICS, CIPS and AIIB has forced the US to comply. It is happening right now!
The world as you know it is about to change!
And the US Will be a republic soon, instead of controlled by an oligarchy. Also, Fact!
Good stuff!!
GOOD STUFF….IS RIGHT…………… THE BOOT……. 🙂
The three main things that will save the US are about to happen.
1. Go back to an asset based currency.
2. Repeal the act of 1871.
3. Going back to common law courts and abolishing admiralty law. ( ruled from a boat and controlled by the queen )
These three things are underway and happening. These three things is the tower of power and control!
#3 on your list is a big one that very few understand Chartster.
Admiralty law is the law of the sea and banking law is international maritime law. Maritime admiralty law was originally for the purpose of governing ships that were importing and exporting products abroad. Now it affects every are of or courts and banking system, and it was put in place when our government could no longer pay for its debt in gold & silver, and common law was trumped by admiralty law.
Check out this link for an article that does a nice synopsis.
http://understandcontractlawandyouwin.com/maritime-admiralty-law-conspiracy-fact-or-fiction/
GREAT THOUGHTS……………………THE BOOT………
I say we give maritime admiralty law …..THE BOOT!
Why we still let the law of the sea govern our human lives from when we come out the “Birth Canal” and then our straw-man account is set up and we are traded like cattle based on our birth certificate is beyond me. However, the police and secret service will jump all over anyone that claims to be “sovereign” to squash the opposition. My friend is a bail bondman, and the only time they give up on someone is if they claim to be sovereign, because about 20 black SUVs normally will surround the person.
The legal system, as it exists today, is a charade, but there are so few that ever try standing up to it that they just get steam-rolled over. It would take a mass effort of people to expose the maritime admiralty system, but that would get in the way of reality TV and eating frozen pizzas, so unfortunately, we’re stuck with a system that views US children as a commodity to be traded for the benefit of privately owned Brittish banks.
The truth is so much stranger than people can imagine, that this is thrown out 99% of the time as a conspiracy theory, but anyone that does their homework on the UCC1 Tax code and the “Strawman” account (your name in all capital letters as it appears on all official legal documents & government contracts) is not the same as you. It is just frustrating, because unless you want to to destroy your life, then there is no way to challenge the hypocrisy of the current system. There are a few that have successfully navigated the legal system (temporarily) the really know all the ins and outs, but conveniently they always get nailed after the fact, and many were taken to jail on charges that were totally unrelated to get the problem children that were whistle-blowers confined to the pen. I may just become a Canadian one day 🙂
GOOD ONE……………THE BOOT……….. 🙂 Stay informed and be wise.
thanks CHARTSTER………you are spot on with a return to FREEDOM. IT is GOD GIVEN and people do not understand that.
You’re welcome, the Boot.
The debt system won’t last forever…..
You are correct…………GO and OWE NO MAN. Biblical and common sense. Why be a SLAVE TO DEBT.
Shad,
That article told the story. It looks like it will Al be changing in the people favor soon.
Very interesting indeed, who would have thunkit gold is 5% off its $1130 lows and the US$ index rose a full 22 cents from last summer while every other currency was devalued