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Getbig Main Boards => Politics and Political Issues Board => Topic started by: SAMSON123 on September 25, 2009, 02:52:29 PM
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This could have unbelievably devestating consequences to the US economy when other nations follow suit.
Iran Replaces The US Dollar With The Euro…And So It Begins
By KhronoStock on September 22, 2009 | More Posts By KhronoStock | Author's Website
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts.
The September 12 edict was issued following a decision by the trustees of the country’s foreign reserves, Mehr News Agency reported.
Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro.
Following the switch, the interest rate for the facilities provided from the Foreign Exchange Reserves will be reduced from12 to 5 percent.
Since being introduced by the European Union, the euro has gained popularity internationally and there are now more euros in circulation than the dollar.
The move will also help decouple Iran from the US banking system.
http://presstv.com/detail.aspx?id=106669§ionid=351020102
Who is next? And what will be the USA’s retaliation?
Watch this fad catch on now. The dam has burst.
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Would this be a good time for Euros in Forex? ???
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Would this be a good time for Euros in Forex? ???
I can not Yea or Nay, but I can tell you it is a BAD TIME for the american dollar and economy. THe US dollar's value is based soley upon the fact that all oil transactions in the world occur with US dollars regardless of the country buying oil. If enough countries follow Irans lead the US dollar would become worlthless overnight...
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I can not Yea or Nay, but I can tell you it is a BAD TIME for the american dollar and economy. THe US dollar's value is based soley upon the fact that all oil transactions in the world occur with US dollars regardless of the country buying oil. If enough countries follow Irans lead the US dollar would become worlthless overnight...
The Fed is purposely devaluing (read: destroying) the dollar on purpose. Also, Iran has been trading in Euros with in its oil bourse for some time, right?
This Administration had a real chance to take a leadership role in righting the ship, instead it seems they have thrown it onto the iceberg.
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The Fed is purposely devaluing (read: destroying) the dollar on purpose. Also, Iran has been trading in Euros with in its oil bourse for some time, right?
This Administration had a real chance to take a leadership role in righting the ship, instead it seems they have thrown it onto the iceberg.
Iran kept the sale of oil in euros and dollars...Now they have dropped the dollar totally.
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There were hearings on HR1207 today, there might be some interesting video out on that.
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Perhaps you guys can do like you did in Vietnam and Korea - invade, kill a lot of people to stop the domino effect.
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I can not Yea or Nay, but I can tell you it is a BAD TIME for the american dollar and economy. THe US dollar's value is based soley upon the fact that all oil transactions in the world occur with US dollars regardless of the country buying oil. If enough countries follow Irans lead the US dollar would become worlthless overnight...
People are not going to drop the dollar overnight... unless China does of course.
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People are not going to drop the dollar overnight... unless China does of course.
Huh????... Are you not paying attention to world events? G20 meetings, G8 meetings, Russia and China agreeing on new currencies, Venezuela and Saudia Arabia agreeing to sell oil in non-american dollars, Brazil and India making moves to drop the dollar, Iraq dropped the dollar, Iran dropped the dollar, Syria dropped the dollar, Jordan dropped the dollar, Cuba dropped the dollar, Venezuela dropped the dollar, Oman dropped the dollar, Yemen dropped the dollar...DO I NEED TO GO ON?
China is one of the last few nations still holding onto the dollar (thanks to america begging for them to do so) therefore keeping america afloat. They are making moves however to drop the dollar as well...WHAT WILL YOU DO WHEN THEY DO?
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Are we sure this is for real ? looks like an internet rumor to me...
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Huh????... Are you not paying attention to world events? G20 meetings, G8 meetings, Russia and China agreeing on new currencies, Venezuela and Saudia Arabia agreeing to sell oil in non-american dollars, Brazil and India making moves to drop the dollar, Iraq dropped the dollar, Iran dropped the dollar, Syria dropped the dollar, Jordan dropped the dollar, Cuba dropped the dollar, Venezuela dropped the dollar, Oman dropped the dollar, Yemen dropped the dollar...DO I NEED TO GO ON?
China is one of the last few nations still holding onto the dollar (thanks to america begging for them to do so) therefore keeping america afloat. They are making moves however to drop the dollar as well...WHAT WILL YOU DO WHEN THEY DO?
Oman and Yemen dropped the dollar?? No way!!
We're up shitcreek without a paddle!!
I better start building my bunker now...
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People are not going to drop the dollar overnight... unless China does of course.
China wont.
China drops the dollar, US exports become more competitive. US imports become less competitive.
The original article is bullshit anyway,
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Oman and Yemen dropped the dollar?? No way!!
We're up shitcreek without a paddle!!
I better start building my bunker now...
Make sure you use LOTS of plastic and duct tape.
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Don't u use mud and human shit.
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Don't u use mud and human shit.
If that is all he has then use it...It works for you
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People are not going to drop the dollar overnight... unless China does of course.
China has no interest in dropping the dollar.
Their securities to the money they loaned USA are bonds. So they wouldn't be helped if the currency would go down.
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China has no interest in dropping the dollar.
Their securities to the money they loaned USA are bonds. So they wouldn't be helped if the currency would go down.
A large percentage of the world trade is done in USD.
What reason would the ones holding all those dollars have to sell the currency they have and incur a huge loss?
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Make sure you use LOTS of plastic and duct tape.
You two are serious?
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China has no interest in dropping the dollar.
Their securities to the money they loaned USA are bonds. So they wouldn't be helped if the currency would go down.
DUUUUUUUUUUUUUH!!! Their money is in TREASURY NOTES and they can call them in at any time forcing america to have to PAY UP. China will not lose any money, but calling in TRILLIONS of dollars will bankrupt america instantly
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If China recalls all the debt the US governent will say "fuck you".
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DUUUUUUUUUUUUUH!!! Their money is in TREASURY NOTES and they can call them in at any time forcing america to have to PAY UP. China will not lose any money, but calling in TRILLIONS of dollars will bankrupt america instantly
Yeah..and we'll sit by and let it happen right SAMSON...further the rest of the world would then just love China and trust her.....even further....the chinese would just loose a major market. Wars have started for less....we have very little to fear from china at this point. We could be blowing the shit out of each other over the Taiwan straight and the cash would still be flowing east and the rubber dog shit and lead baby toys would be flowing west. I think ur hut sprung a leak, quick go take a dump and patch it.
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Why would China want the US economy to fail? They are heavily intervened. If USA falls China may be the biggest loser.
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If China recalls all the debt the US governent will say "fuck you".
That is where the WORLD BANK enters. Once again you need to learn how the SYSTEM works and who controls it. The wealth of america is controlled so when another nation calls in its debts america has no choice but to pay up...RESISTANCE IS NOT AN OPTION.
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Why would China want the US economy to fail? They are heavily intervened. If USA falls China may be the biggest loser.
It is costing China to do business with america, becasue america borrows 3+ BILLION dollars per day from China. For China to cut off america is to cut off a liability. China has been doing business with many other nations and has been actively scouring the world to involve itself in the business of nations it has not previously: Brazil, Nigeria, Venezuela, Cuba, Canada, various African Nations, Peru, Argentina, Australia, Middle Eastern nations etc. They are already established so that if and when america collapses they will be secure with plenty of business from other nations to take up the slack.
CHINA WILL NEVER LOSE...ONLY AMERICA
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That is where the WORLD BANK enters. Once again you need to learn how the SYSTEM works and who controls it. The wealth of america is controlled so when another nation calls in its debts america has no choice but to pay up...RESISTANCE IS NOT AN OPTION.
Oh, I beg to differ:
(http://www.2dayblog.com/images/2006_november/nuclear.jpg)
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The thing is Samson, you're actually quite the scholar. But I suspect that you only apply the facts that supports your theories and discard the rest.
In my mind you are just like the right wing nut cases. Only you are on different kind of mailing lists, anti-globalization lists, anti-sionist lists, et al, 'truth-finding lists', et al'. You are all the same in that you constantly filter facts to suit your own reality.
When I asked you to back up some of your facts, predictably, it was hard to do.
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Oh, I beg to differ:
(http://www.2dayblog.com/images/2006_november/nuclear.jpg)
Slapper - you know what makes me laugh lately? We all hear this talk about "dont worry, its backed by the full faith and credit of the USA".
Well, WTF does that mean? All that means to me is the ability of the US Govt to tax the citizens to keep paying taxes, duties, tarrifs, etc to support the obligations incurred by the govt.
So, in essence, the full faith and credit of the USA is like our govt telling our foregin creditors, "Dont worry, we can always rely on the idiot to taxpayer to pay for this one way or the other".
Am I wrong in this?
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Slapper's argument is pretty simple and I would say based solidly in historical fact if u boiled it all down.....they say the bill is due..we can't pay..they commit economic suicide and insist and we go to war. It won't be that simple and won't look obvious but we'lll repudiate the debt and then we'll fight. SAMSON wishes this would happen...he's an idiot.
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The thing is Samson, you're actually quite the scholar. But I suspect that you only apply the facts that supports your theories and discard the rest.
In my mind you are just like the right wing nut cases. Only you are on different kind of mailing lists, anti-globalization lists, anti-sionist lists, et al, 'truth-finding lists', et al'. You are all the same in that you constantly filter facts to suit your own reality.
When I asked you to back up some of your facts, predictably, it was hard to do.
Thank you for the compliment...however when I supply the facts on an issue I do not do it to support MY THEORIES as you say. i find my self having to stress a particular aspect of an issue because people like yourselves wish NOT to believe something is true. So I emphasize the discussion in that regard (parts people widh not to believe) and I supply more facts/links/vids etc on that aspect assuming the rest of the matter is understood. I don't discard anything and if at anytime I think there are options/other opinions to resolving an issue I will say so and will offer my opinion and the opinions/facts of analysts/investigators/researchers etc who know more than I.
Please remove form your mind that i am like the right wing nut cases. I don't subscribe to any political leanings/groups/organizations etc. I just offer what I see adn feel is the best option/advice given the circumstance, while keeping the needs of the people, the respecting of rights at the center of the matter.
At what point did you ask me to back up somethig and i did not or found difficulty in doing so?
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Speaking of Iran, I heard there was a meeting between the two leaders.
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Thank you for the compliment...however when I supply the facts on an issue I do not do it to support MY THEORIES as you say. i find my self having to stress a particular aspect of an issue because people like yourselves wish NOT to believe something is true. So I emphasize the discussion in that regard (parts people widh not to believe) and I supply more facts/links/vids etc on that aspect assuming the rest of the matter is understood. I don't discard anything and if at anytime I think there are options/other opinions to resolving an issue I will say so and will offer my opinion and the opinions/facts of analysts/investigators/researchers etc who know more than I.
Please remove form your mind that i am like the right wing nut cases. I don't subscribe to any political leanings/groups/organizations etc. I just offer what I see adn feel is the best option/advice given the circumstance, while keeping the needs of the people, the respecting of rights at the center of the matter.
At what point did you ask me to back up somethig and i did not or found difficulty in doing so?
The ten trillion dollar giveaway by Obama.
You kind of backed it up later though.
Although I don't quite see it as a Jewish conspiracy.
I guess that's where you and I differ.
I don't see the woes of it all as some big giant conspiracy. I just see it as the mechanism of twisted globalization gone wrong.
Read John Pilgers stuff on TNC's. It's quite interesting.
There are IMO no hidden agendas in secret societies.
Just the age old traits such as greed.
Are Africa being held hostage?
Sure.
Africa is an extremely rich continent, and the riches are being leeched out to other parts of the world, eg UK (British Petroleum, Nigeria).
These trans national corporations are taking advantage of the low level of democracy and high level of corruption in Africa.
With the consent of the western world.
Sure.
But there is no Jewish conspiracy behind it all.
It's just the same kind of darwinism where the stronger eats the weaker that's always been around.
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The ten trillion dollar giveaway by Obama.
You kind of backed it up later though.
Although I don't quite see it as a Jewish conspiracy.
I guess that's where you and I differ.
I don't see the woes of it all as some big giant conspiracy. I just see it as the mechanism of twisted globalization gone wrong.
Read John Pilgers stuff on TNC's. It's quite interesting.
There are IMO no hidden agendas in secret societies.
Just the age old traits such as greed.
Are Africa being held hostage?
Sure.
Africa is an extremely rich continent, and the riches are being leeched out to other parts of the world, eg UK (British Petroleum, Nigeria).
These trans national corporations are taking advantage of the low level of democracy and high level of corruption in Africa.
With the consent of the western world.
Sure.
But there is no Jewish conspiracy behind it all.
It's just the same kind of darwinism where the stronger eats the weaker that's always been around.
I don't even know what you are RAMBLING about in this post. I brought none of these things you mentioned to the table except the TRILLIONS given away and more than showed the DENIERS of what is happening in america...What is your point?
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You want to laugh Samson? Re: the bailouts an trillions stolen.
Last year everyone I knew, short of a few informed people, thought I was nuts taling about the terrible things that are afoot. i tried to inform then of Goldman Sachs, Paulson, etc etc, and they all said I was paranoid, making shit up, etc.
They dont think I am nuts anymore. In fact, they ask how I knew a lot of this stuff was going to happen. I simply say, spend less time watching Dancing with the Stars and more time researching reality.
Its really sad how even now how many people dont have a damn clue about what is going on with the trillions being stolen and hauled off.
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You want to laugh Samson? Re: the bailouts an trillions stolen.
Last year everyone I knew, short of a few informed people, thought I was nuts taling about the terrible things that are afoot. i tried to inform then of Goldman Sachs, Paulson, etc etc, and they all said I was paranoid, making shit up, etc.
They dont think I am nuts anymore. In fact, they ask how I knew a lot of this stuff was going to happen. I simply say, spend less time watching Dancing with the Stars and more time researching reality.
Its really sad how even now how many people dont have a damn clue about what is going on with the trillions being stolen and hauled off.
You hit it right on the head with this comment. I am so sick of people having LOOOOOOONG conversations about american idol, dancing with stars, biggest loser and other nonsense...yet if I ask these same people about what is going on economically in the world, america, financial institutions, military maneuvers etc etc...they look at tme like I am crazy.
What drives me really insane are those on this board who even though they have an internet connection and I try and post information showing what is happening practically right in their faces...they still DENY IT or ask for proof or get int o emotional arguing. I don't understand why they don't spend that time and energy researching what I posted and what is going on in the world so they can see for themselves. But I guess like they say: You take a horse to water, but you can not make him drink.
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You hit it right on the head with this comment. I am so sick of people having LOOOOOOONG conversations about american idol, dancing with stars, biggest loser and other nonsense...yet if I ask these same people about what is going on economically in the world, america, financial institutions, military maneuvers etc etc...they look at tme like I am crazy.
What drives me really insane are those on this board who even though they have an internet connection and I try and post information showing what is happening practically right in their faces...they still DENY IT or ask for proof or get int o emotional arguing. I don't understand why they don't spend that time and energy researching what I posted and what is going on in the world so they can see for themselves. But I guess like they say: You take a horse to water, but you can not make him drink.
I remember posting that article showing the bailout was going to exceed 24 trillion, and notice? The media has been silent about that.
Its seem to me this guy Neil Barofsky really knows wtf is going on and notice how they released the story on TARP never being paid back on a Friday afternoon?