Say Bye Bye to The U.S. Dollar

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trd01
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Say Bye Bye to The U.S. Dollar

Postby trd01 » Tue Mar 24, 2009 6:35 pm

I knew this was going to happen. There is no way in hell the world is going to let us print 'funny money' left and right to bailout f'd up companies. I would not be surprised if the world reverted back to the "gold standard" that the u.s. dumped long ago. If this actually happens and the world converts over expect the u.s. dollar to be worth about as much as a sticky pad piece of paper....Obviously China is so spooked about what we are doing that it seems they rather lose the 1 trillion in u.s. dollars if it will guarantee them a more stable form of world currency.

China calls for new global currency - AOL Money & Finance


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Mogul of Pineapples
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Postby Mogul of Pineapples » Tue Mar 24, 2009 10:56 pm

I saw this on HuffPo earlier today also. What people have been saying is that we will convert to a regional currency and then after that those regional currencies will be combined to make up one world currency. Europe is already a step ahead of us by combining their currencies into the Euro. The rumor is that North America will become a currency called the Amero.

I've been relaying these stories about a regional currency for years to friends but they never believed me. But now that the world is experiencing a global meltdown, suddenly the ideas don't seem so far fetched. That being said I think a global currency is decades away. But I do think within the next 10 or 15 years (maybe a lot sooner) North America will have the Amero has a currency. They will phase it in like Europe did, by allowing countries to have both the Euro and their native currency. So we would still have the dollar system, but the Amero system would be there too - same exact way they did it in Europe.
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Postby HYENA » Sun Oct 11, 2009 6:00 pm

This is nothing new and the real reason we went into Iraq. The demand for the usd is what kept it up. Iran changed to the Bourse Euro so demand dropped again. China is trading with SE Asia now off the yen and the usd which is a first ever so basically everyone's running from the usd. We had it good requring countries to trade using USD even though neither trade partner was the US.

China is using eh Yuan on all their trades which is keeping demand high. They learned our trick. The USD is down 5 year lows against all Asia monies. This is old news but only becoming popular here now (I go to SE Asia a LOT).

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Postby HYENA » Sun Oct 11, 2009 6:04 pm

The real reason we went to Iraq and want to invade Iran is demand of the USD which is the only thing propping it up. We import more than we exp so the usd should be crap but demand keeps it high. CHina has been using the yuan for a while now and usd demand is low hence the weak usd. the only other thing we could do is raise oil prices (double edged sword) so usd is in demand for those who use it. China figured out the trade dollar game and stopped using the USD to trade abroad with.

I agree, we're screwed and the usd will never be back. DO your research. Look up Iran, USD, dollar demand, Iraq and Bourse and you'll see lots of how we're not coming back.

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Postby HYENA » Sun Oct 11, 2009 6:05 pm

Mogul of Pineapples wrote:I saw this on HuffPo earlier today also. What people have been saying is that we will convert to a regional currency and then after that those regional currencies will be combined to make up one world currency. Europe is already a step ahead of us by combining their currencies into the Euro. The rumor is that North America will become a currency called the Amero.

I've been relaying these stories about a regional currency for years to friends but they never believed me. But now that the world is experiencing a global meltdown, suddenly the ideas don't seem so far fetched. That being said I think a global currency is decades away. But I do think within the next 10 or 15 years (maybe a lot sooner) North America will have the Amero has a currency. They will phase it in like Europe did, by allowing countries to have both the Euro and their native currency. So we would still have the dollar system, but the Amero system would be there too - same exact way they did it in Europe.


I think like the UK we'll remain separate and no do the Amero. We're too egotistic to do so.

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Postby Mogul of Pineapples » Fri Oct 16, 2009 12:29 am

We are definitely too egotistical but if we sink into a depression and are spoon fed this is a solution you never know people will latch onto anything if they're desperate or angry enough. Look at the Iraq war and the bailout. I hate to say it but we would support the Amero if times got tough enough for us.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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