Russia Dumps the U.S. Dollar for Euro as Reserve

kevin82 · 22-05-2009, 08:15 PM

The US dollar is not Russia’s basic reserve currency anymore. The dollar has thus lost the status of the basic reserve currency for the Russian Central Bank, the annual report, which the bank provided to the State (Russia).

http://www.marketoracle.co.uk/Article10755.html

This will be bad, if it sets precedent for China, Japan and then all OPEC countries to follow. China have recently made public statements having doubts about investing in the U.S. dollar. I believe these nations will do the same as Russia soon.

Iran has already decided to dump the dollar a couple of years ago and if a country like Iraq chooses to take in Euros instead of dollars, this would crash the dollar immediatly. Countries like Japan and China could panic and decide to dump the dollar all at the same time which would mean the end for the U.S. dollar who would never be able to recover.

decim · 22-05-2009, 08:17 PM

Is this good or bad?

kevin82 · 22-05-2009, 08:19 PM

Quote:

Originally Posted by decim

Is this good or bad?

If your an American then it will be very bad.

steevo · 22-05-2009, 08:20 PM

The thing is, just by anyone SAYING that they are gonna dump a particular currency, it has the effect of devaluing the said currency, and the mainstream media had ALREADY pushed the story of the dollar crashing, and THAT IN ITSELF would be a reason for other countries to dump the dollar and rightly so. It's all been planned that way - A controlled demolition IMO.

decim · 22-05-2009, 08:29 PM

Iran has had a multi currency oil bourse ready to go for years.

yozhik · 22-05-2009, 08:37 PM

Quote:

Originally Posted by decim

Iran has had a multi currency oil bourse ready to go for years.

Iraq announced this years ago ... in fact ... just prior to the WMD justified, illegal invasion ... hmmmmm ... what a coincidence.

decim · 22-05-2009, 08:41 PM

Quote:

Originally Posted by yozhik

Iraq announced this years ago ... in fact ... just prior to the WMD justified, illegal invasion ... hmmmmm ... what a coincidence.

yes a coin cidence.

iraq is now a US puppet regime, can't see them switching from the dollar.

china might if they have a big enough market in africa & south america for growth.

mr facts · 22-05-2009, 08:42 PM

Another step towards the demise of the USA and u just know that its all going 2 plan! Americans are in for a hell of a time when it all comes tumbling down.

decim · 22-05-2009, 08:47 PM

it has been said, if america goes down we all go down.

if, it does.

who/what will fill the vacuum?

yozhik · 22-05-2009, 08:56 PM

No.
The USD is being manipulated to go down.

Problem --> Reaction --> Solution

USD crash --> market and economic chaos --> Amero merges as strong currency option to sure up economy

I can hear the Obamaganda now;
"By uniting the economies and providing a common market and unified trading environment, we can unify the 3 economies and put us back where we belong ... leading the world in trade, investment and prosperity. No longer at the mercy of the Chinese manufacturers nor the Euro fuelled banks. The Amero of the NAU will provide us with the stability and the confidence we all need, to make America strong and proud again. God bless the Amero and God bless the North American Union!"

(cue NAU flag waving ... the Obama Youth Movement saluting ... the sea of brainwashed faces smiling and crying tears of salvation ... then cut back to some anonymous Rupert Murdoch bankrolled news studio for stereotypical "Ken and Barbie" news dolls, with their freshly whitened teeth and botox riddled employer stipulated emotionless grin ... )

mr facts · 22-05-2009, 09:11 PM

Quote:

Originally Posted by yozhik

No.

The USD is being manipulated to go down.

Problem --> Reaction --> Solution

USD crash --> market and economic chaos --> Amero merges as strong currency option to sure up economy

I agree! The target here is USA! For 2 reasons i feel. 1.To usher in the Amero as the next step towards 1 world currency/goverment. 2. To cause civil unrest so they can have a reason 2 take there guns away.

I see america as being the last hurddle in tptb plan for there NWO. Once americans are disarmed the the games over. Thats why i dont see much trouble for us(for the time being atleast). We cant defended ourselves so they dont fear us!

yozhik · 22-05-2009, 09:16 PM

This is just history repeating.
Look back to the turn of the 20th century.
Britain was the "superpower"; it's currency was the world currency.
The Empire collapsed, as did the predominance of the Sterling as the #1 trading instrument.

Cue: U.S.A and its currency. (stage left)

The U.S.A has failed ... not to worry ... Homeland Security, the successor corporation of Peurto Rico, has already taken the reins.

... and we move forward ... history repeating, as it always has and will ...

monkeyboy · 22-05-2009, 09:33 PM

DOLLAR VS EURO "WHO'S THE MA$Tâ‚¬R?" XCLUSIVE RAP MUSIC VIDEO! - YouTube

mr facts · 22-05-2009, 09:42 PM

Quote:

Originally Posted by yozhik

No.
The USD is being manipulated to go down.

Problem --> Reaction --> Solution

USD crash --> market and economic chaos --> Amero merges as strong currency option to sure up economy

I can hear the Obamaganda now;
"By uniting the economies and providing a common market and unified trading environment, we can unify the 3 economies and put us back where we belong ... leading the world in trade, investment and prosperity. No longer at the mercy of the Chinese manufacturers nor the Euro fuelled banks. The Amero of the NAU will provide us with the stability and the confidence we all need, to make America strong and proud again. God bless the Amero and God bless the North American Union!"

(cue NAU flag waving ... the Obama Youth Movement saluting ... the sea of brainwashed faces smiling and crying tears of salvation ... then cut back to some anonymous Rupert Murdoch bankrolled news studio for stereotypical "Ken and Barbie" news dolls, with their freshly whitened teeth and botox riddled employer stipulated emotionless grin ... )

LOL. Made me laugh that but your bang on the money

mr facts · 22-05-2009, 09:48 PM

Quote:

Originally Posted by yozhik

This is just history repeating.
Look back to the turn of the 20th century.
Britain was the "superpower"; it's currency was the world currency.
The Empire collapsed, as did the predominance of the Sterling as the #1 trading instrument.

Cue: U.S.A and its currency. (stage left)

The U.S.A has failed ... not to worry ... Homeland Security, the successor corporation of Peurto Rico, has already taken the reins.

... and we move forward ... history repeating, as it always has and will ...

Yup so true! The people in charge sure do make the same mistake over and over. Though they arent mistakes to them. Tried and tested techniqs more like.

mr facts · 22-05-2009, 09:54 PM

[QUOTE=monkeyboy;1005459]

DOLLAR VS EURO "WHO'S THE MA$Tâ‚¬R?" XCLUSIVE RAP MUSIC VIDEO! - YouTube

[/QUOTE

That was weird and a turn on at the same time.

ex sheep · 22-05-2009, 09:58 PM

Please just remember, everything is planned, nothing gets done without reason, step back, see the bigger picture.

.

free thinker · 22-05-2009, 11:11 PM

Quote:

Originally Posted by kevin82

the U.S. dollar who would never be able to recover.

I'd buy it, but it would have to include disney world though!

for say.......€75.00

pgmazica · 22-05-2009, 11:14 PM

Quote:

Originally Posted by yozhik

No.
The USD is being manipulated to go down.

Problem --> Reaction --> Solution

USD crash --> market and economic chaos --> Amero merges as strong currency option to sure up economy

I can hear the Obamaganda now;
"By uniting the economies and providing a common market and unified trading environment, we can unify the 3 economies and put us back where we belong ... leading the world in trade, investment and prosperity. No longer at the mercy of the Chinese manufacturers nor the Euro fuelled banks. The Amero of the NAU will provide us with the stability and the confidence we all need, to make America strong and proud again. God bless the Amero and God bless the North American Union!"

(cue NAU flag waving ... the Obama Youth Movement saluting ... the sea of brainwashed faces smiling and crying tears of salvation ... then cut back to some anonymous Rupert Murdoch bankrolled news studio for stereotypical "Ken and Barbie" news dolls, with their freshly whitened teeth and botox riddled employer stipulated emotionless grin ... )

I agree...they are definitly making ground for amero....
now..there are 2 things that I'm courious about...how will they change dollars into ameros? I mean, at what exchange rate...and at what exchange rate will they change other currencys....( I'm sure that it wouldn't be good for them and that their standard will fall because everything will be more expensive- the same thing happend here with euro- so that countrys will depend even more on USA CB) and what about central banks in those countrys? they will loose this little independence that they have now... USA CB will be stronger than ever...
and second thing that I think about now is....as they would like to unite the whole world with one single currency, what other big country will make their euro, or amero, and how will they create problem-reaction-solution...because before one single currency, first we must have few very big..it won't came out of so many, that's why are they making amero now

655321 · 23-05-2009, 12:57 AM

When China dumps the dollar shit will hit the fan.

22-05-2009, 08:17 PM	#2
decim Senior Member Join Date: May 2009 Posts: 11,978	Is this good or bad? __________________ DISCLAIMER: Reader discretion advised. The above post is entirely fictional, for entertainment purposes only. Any similarities to real life events, animals, humans, persons, politicians, or any other form of organisation entity living, dead or in any other state of existence are coincidental. Any opinion, comment or statements related or attributed to this username are not necessarily nor implied to be those held by the ip/computer/username or other electronic media device or service owner/user.

22-05-2009, 08:20 PM	#4
steevo Banned Join Date: Jun 2007 Location: UK Posts: 13,906	The thing is, just by anyone SAYING that they are gonna dump a particular currency, it has the effect of devaluing the said currency, and the mainstream media had ALREADY pushed the story of the dollar crashing, and THAT IN ITSELF would be a reason for other countries to dump the dollar and rightly so. It's all been planned that way - A controlled demolition IMO. Last edited by steevo; 22-05-2009 at 08:20 PM.

22-05-2009, 08:29 PM	#5
decim Senior Member Join Date: May 2009 Posts: 11,978	Iran has had a multi currency oil bourse ready to go for years. __________________ DISCLAIMER: Reader discretion advised. The above post is entirely fictional, for entertainment purposes only. Any similarities to real life events, animals, humans, persons, politicians, or any other form of organisation entity living, dead or in any other state of existence are coincidental. Any opinion, comment or statements related or attributed to this username are not necessarily nor implied to be those held by the ip/computer/username or other electronic media device or service owner/user.

22-05-2009, 08:47 PM	#9
decim Senior Member Join Date: May 2009 Posts: 11,978	it has been said, if america goes down we all go down. if, it does. who/what will fill the vacuum? __________________ DISCLAIMER: Reader discretion advised. The above post is entirely fictional, for entertainment purposes only. Any similarities to real life events, animals, humans, persons, politicians, or any other form of organisation entity living, dead or in any other state of existence are coincidental. Any opinion, comment or statements related or attributed to this username are not necessarily nor implied to be those held by the ip/computer/username or other electronic media device or service owner/user.

22-05-2009, 08:56 PM	#10
yozhik Senior Member Join Date: Nov 2008 Location: Privately Posts: 11,438	No. The USD is being manipulated to go down. Problem --> Reaction --> Solution USD crash --> market and economic chaos --> Amero merges as strong currency option to sure up economy I can hear the Obamaganda now; "By uniting the economies and providing a common market and unified trading environment, we can unify the 3 economies and put us back where we belong ... leading the world in trade, investment and prosperity. No longer at the mercy of the Chinese manufacturers nor the Euro fuelled banks. The Amero of the NAU will provide us with the stability and the confidence we all need, to make America strong and proud again. God bless the Amero and God bless the North American Union!" (cue NAU flag waving ... the Obama Youth Movement saluting ... the sea of brainwashed faces smiling and crying tears of salvation ... then cut back to some anonymous Rupert Murdoch bankrolled news studio for stereotypical "Ken and Barbie" news dolls, with their freshly whitened teeth and botox riddled employer stipulated emotionless grin ... ) __________________ Anarchism stands for liberation of the human mind from the dominion of religion; the liberation of the human body from the dominion of property; liberation from shackles and restraint of government. It stands for social order based on the free grouping of individuals. It [...] maintains that God, the State, and society are non-existent, that their promises are null and void, since they can be fulfilled only through man's subordination. - Emma Goldman Last edited by yozhik; 22-05-2009 at 09:04 PM.

22-05-2009, 08:15 PM	#1
kevin82 Senior Member Join Date: Apr 2009 Location: Canada Posts: 270	Russia Dumps the U.S. Dollar for Euro as Reserve The US dollar is not Russia’s basic reserve currency anymore. The dollar has thus lost the status of the basic reserve currency for the Russian Central Bank, the annual report, which the bank provided to the State (Russia). http://www.marketoracle.co.uk/Article10755.html This will be bad, if it sets precedent for China, Japan and then all OPEC countries to follow. China have recently made public statements having doubts about investing in the U.S. dollar. I believe these nations will do the same as Russia soon. Iran has already decided to dump the dollar a couple of years ago and if a country like Iraq chooses to take in Euros instead of dollars, this would crash the dollar immediatly. Countries like Japan and China could panic and decide to dump the dollar all at the same time which would mean the end for the U.S. dollar who would never be able to recover. Last edited by kevin82; 22-05-2009 at 08:21 PM.

22-05-2009, 08:42 PM	#8
mr facts Senior Member Join Date: Dec 2008 Location: Glasgow, Scotland Posts: 142	Another step towards the demise of the USA and u just know that its all going 2 plan! Americans are in for a hell of a time when it all comes tumbling down.

22-05-2009, 09:16 PM	#12
yozhik Senior Member Join Date: Nov 2008 Location: Privately Posts: 11,438	This is just history repeating. Look back to the turn of the 20th century. Britain was the "superpower"; it's currency was the world currency. The Empire collapsed, as did the predominance of the Sterling as the #1 trading instrument. Cue: U.S.A and its currency. (stage left) The U.S.A has failed ... not to worry ... Homeland Security, the successor corporation of Peurto Rico, has already taken the reins. ... and we move forward ... history repeating, as it always has and will ... __________________ Anarchism stands for liberation of the human mind from the dominion of religion; the liberation of the human body from the dominion of property; liberation from shackles and restraint of government. It stands for social order based on the free grouping of individuals. It [...] maintains that God, the State, and society are non-existent, that their promises are null and void, since they can be fulfilled only through man's subordination. - Emma Goldman

22-05-2009, 09:58 PM	#17
ex sheep Forum Advisor Join Date: Aug 2008 Location: riding around Posts: 16,193	Please just remember, everything is planned, nothing gets done without reason, step back, see the bigger picture. . __________________ Yes let's throw science down the bog, this is the David Icke forum, we only know what we have been conditioned into believing, facts are not facts that come from "authority" Is that all there is ?. "no of course not !" When Icke says start of with a clean sheet of paper, what he means is "surrender", which is very powerful, you are more than what you think you are.

23-05-2009, 12:57 AM	#20
655321 Senior Member Join Date: Dec 2007 Location: Ludavico Centre Posts: 921	When China dumps the dollar shit will hit the fan. __________________ Your friend and humble narrator