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Thread: Next question: When do other countries call it quits with the USD?

  1. #1

    Default Next question: When do other countries call it quits with the USD?

    THAT will be the turning point IMO.



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  3. #2

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    It's happening. It ain't like a light switch. The process is underway. They are losing faith in the Fed, we Americans are losing faith in the Fed. The only question left is not will the Fed let us down, but will we be able to find a soft place to land?
    'It ain't what we don't know that hurts us, it's what we "know" that ain't so.'--Will Rogers

    'I prefer someone who burns the flag and then wraps themselves up in the Constitution over someone who burns the Constitution and then wraps themselves up in the flag.'--Molly Ivins

  4. #3

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    I hear China and Germany have a thing going, and I think China and Brazil do, too. Then there's Russia and China. Circumventing the US dollar. Anyone know of any others? I'm thinking some of these "rebel" Middle Eastern countries are giving the Treasury some grief, too, but I'm not sure.
    Last edited by wgadget; 09-15-2012 at 11:12 AM.

  5. #4

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    Russia/Iran

    Iran/China

    China/Japan

    China/Russia

    Most BRIC's and countries that do business with them.

    Over the last 2-3 years MANY pacts have been made to shun the USD entirely.

    Quote Originally Posted by wgadget View Post
    I hear China and Germany have a thing going, and I think China and Brazil did, too. Circumventing the US dollar. Anyone know of any others?
    "Like an army falling, one by one by one" - Linkin Park

  6. #5

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    So what would come of that? Massive deflation?

  7. #6

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    Quote Originally Posted by VIDEODROME View Post
    So what would come of that? Massive deflation?
    Just the opposite. If they don't alter the supply, and the demand for FRNs that comes of 'world reserve currency status' dries up and blows away, then supply outstrips demand and the FRN becomes even more worthless.
    'It ain't what we don't know that hurts us, it's what we "know" that ain't so.'--Will Rogers

    'I prefer someone who burns the flag and then wraps themselves up in the Constitution over someone who burns the Constitution and then wraps themselves up in the flag.'--Molly Ivins

  8. #7

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    Incredible inflation. And then war. Big time war.

    Quote Originally Posted by VIDEODROME View Post
    So what would come of that? Massive deflation?
    "Like an army falling, one by one by one" - Linkin Park

  9. #8

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    Quote Originally Posted by Seraphim View Post
    Incredible inflation. And then war. Big time war.
    Yeah, and unfortunately, we're probably going to be the target.






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