China, Japan, Russia, Iran and India...... [29 countries] ...... DUMPING the dollar in bilateral trade

[Papster]

THURSDAY, JANUARY 26, 2012

China, Japan, Russia, Iran and India...... [29 countries] ...... DUMPING the dollar in bilateral trade

China, Japan, Russia, Iran and India...... (29 countries) ...... DUMPING the dollar in bilateral trade (updated: list inside)

For anyone wondering how the abandonment of the dollar reserve status would look like........a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate.

www.zerohedge.com

The list of countries dumping the dollar in bilateral trade:

Brazil

Argentinia

China

Indonesia

India

Iran

UAE

Belarus

Hong Kong

South Korea

Russia

Japan

Malaysia

Venezuela

Syria

Cuba

Turkey

Dubai+ 11 OTHER LATIN AMERICAN COUNTRIES

More:Yuan begins trading against the rouble [link to www.chinadaily.com.cn]

China, Japan to Back Direct Trade of Currencies[link to www.bloomberg.com]

India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees[link to www.zerohedge.com]

Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says[link to www.bloomberg.com]

India and Japan sign new $15bn currency swap agreement[link to www.bbc.co.uk]

China and UAE ditch US Dollar, will use Yuan for oil trade [link to www.commodityonline.com]

Brazil-China bilateral trade in Real and Yuan instead of US dollar[link to en.mercopress.com]

RI, China considering shift to rupiah, yuan for settling trade[link to www.thejakartapost.com]

China positions Yuan as new “reserve currency”[link to bullionbullscanada.com]

The Rise of the Chinese Yuan[link to www.southerntimesafrica.com]

Turkey and China to Shun the Dollar [link to online.wsj.com]

[Davesdeals]

This is not Good!

[puckster_guy]

Corporate and govt greed (corruption?) not to mention massive debt is to blame here

[SgtFuryUSCZ]

***///

Just which of these are the ones who were/are set to simultaneously RV, anyway..?

I heard there were 29, but never did find an actual list of them...

[Luigi1]

This could be good news for USA exports & for currency investors. As the USD crashes, foreign currencies become stronger & USA exports become cheaper. Other nations will be sreaming, unfairness as this backfires & demand the Dollar return to it's former value.

Take advantage while you can. Foreign imports will be going up. Currency speculators will be having a field day even if just for a short while. This is a once in a lifetime advantage to make a currency spread profit out of all this madness.

[Luigi1]

This is not Good!

This is also not good for China selling it's worthless junk at bargain basement prices. Their worthless shoddy made junk will now become expensive junk broken right out of the box.

Edited January 27, 2012 by Luigi1

[FXStockpiling]

This reminds me of a story my friend told me when he left Vietnam. He said he and a buddy of his took all the worthless money they had from there and threw it off the top of one of the buildings in town and watched the people beat each other to death to get it. Right or wrong it was a another time in another place. But the story holds true to the countries of the world beating each other to death over their worthless money with each one boasting how they can somehow make it better than the US Dollar.... If you know how to read charts you can see every time the Dollar tries to rally the US government kicks it back down by printing and loaning more and more to it's own budget and countries around the world so that they may keep floating on that strong currency of theirs...

The fact remains that the Dollar is so strong that even the Obama administration can't kill it. If you want a chart that shows value down the toilet then look no further than the spot gold chart, it is in wave 5 the last wave up to 2,000 an ounce and that is where you will see people trying to kill each other to get their money back before it crashes back into reality...

In philosophy, reality is the state of things as they actually exist, rather than as they may appear or might be imagined.

[zigmeister]

This reminds me of a story my friend told me when he left Vietnam. He said he and a buddy of his took all the worthless money they had from there and threw it off the top of one of the buildings in town and watched the people beat each other to death to get it. Right or wrong it was a another time in another place. But the story holds true to the countries of the world beating each other to death over their worthless money with each one boasting how they can somehow make it better than the US Dollar.... If you know how to read charts you can see every time the Dollar tries to rally the US government kicks it back down by printing and loaning more and more to it's own budget and countries around the world so that they may keep floating on that strong currency of theirs...

The fact remains that the Dollar is so strong that even the Obama administration can't kill it. If you want a chart that shows value down the toilet then look no further than the spot gold chart, it is in wave 5 the last wave up to 2,000 an ounce and that is where you will see people trying to kill each other to get their money back before it crashes back into reality...

In philosophy, reality is the state of things as they actually exist, rather than as they may appear or might be imagined.

Interesting observation. Are you saying all these countries will jump in thinking the dollar is dead, instead they are actually resuscitating it, and when it catches its breath it will crush these countries?

[tyron]

This reminds me of a story my friend told me when he left Vietnam. He said he and a buddy of his took all the worthless money they had from there and threw it off the top of one of the buildings in town and watched the people beat each other to death to get it. Right or wrong it was a another time in another place. But the story holds true to the countries of the world beating each other to death over their worthless money with each one boasting how they can somehow make it better than the US Dollar.... If you know how to read charts you can see every time the Dollar tries to rally the US government kicks it back down by printing and loaning more and more to it's own budget and countries around the world so that they may keep floating on that strong currency of theirs...

The fact remains that the Dollar is so strong that even the Obama administration can't kill it. If you want a chart that shows value down the toilet then look no further than the spot gold chart, it is in wave 5 the last wave up to 2,000 an ounce and that is where you will see people trying to kill each other to get their money back before it crashes back into reality...

In philosophy, reality is the state of things as they actually exist, rather than as they may appear or might be imagined.

FXS the dollar is mighty due to the great privilege given to it as the reserve currency status of the world - basically the petrodollar system, but that entire concept is now under threat and if all these countries decide they no longer need to impose this very expensive system on themselves, any longer, the dollar is going to come crashing down. Gold and silver will then become real money as it has been throughout history and will be again.

This article will give you a better understanding of the concept. http://www.globalresearch.ca/index.php?context=va&aid=28854

[Darin]

FXS the dollar is mighty due to the great privilege given to it as the reserve currency status of the world - basically the petrodollar system, but that entire concept is now under threat and if all these countries decide they no longer need to impose this very expensive system on themselves, any longer, the dollar is going to come crashing down. Gold and silver will then become real money as it has been throughout history and will be again.

This article will give you a better understanding of the concept. http://www.globalresearch.ca/index.php?context=va&aid=28854

Is this a real threat? The media doesn't put a whole lot of focus on this.... But, it seems as if it were the Euro or some other foreign reserve currency we would be seeing a lot more about it.

It was roughly 40 years ago, that the U.S. made a deal with the M.E. to distribute & export oil/crude in exchange for USD. This deal was set to expire in roughly 40 years. I think I spoke with a more inteligent fellow that had links that actually show that this expiration date was about 3+ years out.

I correlated this with the Gold rush we had a few months ago...

If our currency is worth less, imports cost more... We may be more reluctant to buy imports and purchase locally. Great for the trade balance, not so great for foreign countries who rely on U.S. purchases

Especially when costs of living go up, inflation starts to hit, gas prices are high, and so forth.

I wonder how this will go down and the impacts will be.

[chocolate1]

THURSDAY, JANUARY 26, 2012

China, Japan, Russia, Iran and India...... [29 countries] ...... DUMPING the dollar in bilateral trade

China, Japan, Russia, Iran and India...... (29 countries) ...... DUMPING the dollar in bilateral trade (updated: list inside)

For anyone wondering how the abandonment of the dollar reserve status would look like........a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate.

www.zerohedge.com

The list of countries dumping the dollar in bilateral trade:

Brazil

Argentinia

China

Indonesia

India

Iran

UAE

Belarus

Hong Kong

South Korea

Russia

Japan

Malaysia

Venezuela

Syria

Cuba

Turkey

Dubai+ 11 OTHER LATIN AMERICAN COUNTRIES

More:Yuan begins trading against the rouble [link to www.chinadaily.com.cn]

China, Japan to Back Direct Trade of Currencies[link to www.bloomberg.com]

India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees[link to www.zerohedge.com]

Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says[link to www.bloomberg.com]

India and Japan sign new $15bn currency swap agreement[link to www.bbc.co.uk]

China and UAE ditch US Dollar, will use Yuan for oil trade [link to www.commodityonline.com]

Brazil-China bilateral trade in Real and Yuan instead of US dollar[link to en.mercopress.com]

RI, China considering shift to rupiah, yuan for settling trade[link to www.thejakartapost.com]

China positions Yuan as new “reserve currency”[link to bullionbullscanada.com]

The Rise of the Chinese Yuan[link to www.southerntimesafrica.com]

Turkey and China to Shun the Dollar [link to online.wsj.com]

...all these substantiation Links are going to drive "GodyesRVmaybe" absolutely crazy!

[jericho]

Honestly, can you blame them? It definitely sucks for us, but we've proven that the basic difference between our money and the dinar is historical reputation. It USED to be solid, but now it's all artificial and we've done nothing reinstill confidence in our FIAT currency. I'd dump us too!

...and Obama won't do much to right the course because he wants us in a socialist state!

[GinaG]

What will happen next? I would really like a answer to this. What will be the outcome of Americans and their dollar?

[jericho]

What will happen next? I would really like a answer to this. What will be the outcome of Americans and their dollar?

I've always thought the one world currency thing was mainly hype or conspiracy theory. However, it seems like the perfect storm is brewing up a scenario that supports such an idea. I hope this isn't the case, but like you, I wonder what the future holds. At the present time, it's either one world currency or a dinar revaluation to bail us all out.

[Luigi1]

What will happen next? I would really like a answer to this. What will be the outcome of Americans and their dollar?

For every action there is a reaction.

China Russia India & Iran will also feel the pain. They don't call this a global economy for nothing.

Let's see what China does once it's shoddy made products double or triple in costs. They better get used to eating their shoddy made products.

[EternalReality]

This reminds me of a story my friend told me when he left Vietnam. He said he and a buddy of his took all the worthless money they had from there and threw it off the top of one of the buildings in town and watched the people beat each other to death to get it. Right or wrong it was a another time in another place. But the story holds true to the countries of the world beating each other to death over their worthless money with each one boasting how they can somehow make it better than the US Dollar.... If you know how to read charts you can see every time the Dollar tries to rally the US government kicks it back down by printing and loaning more and more to it's own budget and countries around the world so that they may keep floating on that strong currency of theirs...

The fact remains that the Dollar is so strong that even the Obama administration can't kill it. If you want a chart that shows value down the toilet then look no further than the spot gold chart, it is in wave 5 the last wave up to 2,000 an ounce and that is where you will see people trying to kill each other to get their money back before it crashes back into reality...

In philosophy, reality is the state of things as they actually exist, rather than as they may appear or might be imagined.

Implying that currency with a value pegged to it is something that isn't imagined.

[FreckledFuzz]

Well, if you can't beat them- join them?

Perhaps this is the "Great Reboot of the Financial System" --the Gold Standard people are touting

Perhaps they were looking for an "excuse" to make it all look viable, as why do anything without a really good reason?

Yes the power is or has shifted from West to East. The question is how long will this last and for the US to "join them"?

[tyron]

Is this a real threat? The media doesn't put a whole lot of focus on this.... But, it seems as if it were the Euro or some other foreign reserve currency we would be seeing a lot more about it.

It was roughly 40 years ago, that the U.S. made a deal with the M.E. to distribute & export oil/crude in exchange for USD. This deal was set to expire in roughly 40 years. I think I spoke with a more inteligent fellow that had links that actually show that this expiration date was about 3+ years out.

I correlated this with the Gold rush we had a few months ago...

If our currency is worth less, imports cost more... We may be more reluctant to buy imports and purchase locally. Great for the trade balance, not so great for foreign countries who rely on U.S. purchases

Especially when costs of living go up, inflation starts to hit, gas prices are high, and so forth.

I wonder how this will go down and the impacts will be.

The media will always tell you the opposite of what you need to know. The Euro is toast, but the dollar is in MASSIVE trouble. Just imagine even in the midst of a terrible recession, a nuclear holocaust, and demographic destruction, the Japanese yen is so strong against the dollar they have to resort to this:

http://www.bloomberg.com/news/2012-01-26/boj-should-be-allowed-643-billion-fund-to-buy-foreign-bonds-iwata-says.html

As for the supposedly short lived gold rush - don't bother to look at short term technicals as they are totally misleading. The market for precious metals is so horrendously manipulated it is a wonder people just don't wake up and notice. Especially if India starts trading oil for gold, gold will see a huge price explosions on the upside. Note too that Europe has also banned Iran from trading gold and silver. This proves that gold and silver are a lot more than just "old banker traditions" as Ben Bernanke would have us believe.

As for American exports stepping up - its going to a very long slow climb upwards Darin - American manufacturing has been almost totally decimated.

[FreckledFuzz]

The media will always tell you the opposite of what you need to know. The Euro is toast, but the dollar is in MASSIVE trouble. Just imagine even in the midst of a terrible recession, a nuclear holocaust, and demographic destruction, the Japanese yen is so strong against the dollar they have to resort to this:

http://www.bloomberg.com/news/2012-01-26/boj-should-be-allowed-643-billion-fund-to-buy-foreign-bonds-iwata-says.html

As for the supposedly short lived gold rush - don't bother to look at short term technicals as they are totally misleading. The market for precious metals is so horrendously manipulated it is a wonder people just don't wake up and notice. Especially if India starts trading oil for gold, gold will see a huge price explosions on the upside. Note too that Europe has also banned Iran from trading gold and silver. This proves that gold and silver are a lot more than just "old banker traditions" as Ben Bernanke would have us believe.

As for American exports stepping up - its going to a very long slow climb upwards Darin - American manufacturing has been almost totally decimated.

While doing my cruisin' of the net this morning, I came upon something we don't hear in the news.

Wonder why the hush hush

Seems Japan is just as in dire straits as US...or worse.

Maybe something to this global reset thing?

link below is only one of many sources to read--this is forst one I found in Google]

http://freerepublic.com/focus/f-bloggers/2838203/posts

¥1,086,000,000,000,000 (Quadrillion) In Debt And Rising, And Why The ¥ Will Soon Be A $

Zero Hedge ^ | 01/26/2012 | Tyler Durden

Posted on Thursday, January 26, 2012 10:45:14 by SeekAndFind

Yesterday the Japanese Finance Ministry made a whopper of an announcement: in the year ending March 2013, total Japanese debt will surpass one quadrillion yen, or ¥1,086,000,000,000,000. This is roughly in line with the Zero Hedge expectations that by this March total Japanese debt would surpass one quadrillion yen. In USD terms, at today's exchange rate, this is precisely $14 trillion. And while smaller than America's $15.4 trillion (net of all post debt ceiling breach auctions), which was $14 trillion about a year ago, the GDP backing this notional amount of debt, which just so happens is greater than the GDP of the entire Euro area, is a modest ¥481 trillion, so by the end of the next fiscal year, Japan will have a Debt to GDP ratio of 225%.

[fastarnie]

NWO is closer than people think. We were the ones standing in their way, so they had to break us. I've known about this for a long time. I was only a teenager when I first heard about it. I tried talking to people about it. They would laugh, and I would go home kickin rocks. I told my friend the other day there will be mass riots in every major city in the US, he said "Not for another 50 yrs". A lot of people are blind, or don't want to here about this country failing. What goes up must come down, and all good things must come to an end.

[FXStockpiling]

Once salt was traded as a currency for it was very much in demand, but once they realized it wasn't as rare as everyone made it out to be it's value diminished. Everyone talks about counterfeiting bills and coins... How many ways can you think of to counterfeit salt by adding a byproduct to it? How many ways can a counterfeiter think of for counterfeiting gold or silver? What would be the price of gold if they found better ways of extracting it? What if it was as easy as boiling sea water down for the salt? I can assure you that gold isn't as rare as everyone makes it out to be, and you don't need it to live. The dollar isn't just some paper that is used to trade oil around the world or something to back the US. It is however what the most powerful Nation on the planet chooses to back as it's currency, a nation that created a currency that became too strong for gold to back.

What is the opposite of the yen in the currency market? If you trade the yen then you know it is stronger when it is weak against the dollar, so it is the opposite of the dollar but it also is the dollars trading partner. Look at it this way, if you took the total amount of all yen and dollars and placed them on a scale against all the other currencies in the world, the scale would balance out. When the dollar gains, the yen losses and vice versa. The dollar loss is transferred to the yen... If you trade the yen right now you would be picking up positions for it to be weaker to the dollar. What does this tell you?

Don't think that the dollar is all alone out there just waiting for another country to stop using it wondering what tomorrow will bring. The US made Japan what it is today, anyone remember WWII enough said. When China told the Federal Reserve they will begin the process of replacing the US Dollar with gold in their reserves, what did the Feds do? Did they get mad and start screaming and kicking? No, they were joyful and enlightened that they would be getting their dollars back at such a low rate... knowing that China had taken the blunt of the hit and will now suffer the loss by selling it back... The Fed wasn't buying back some worthless paper and they knew it. And it is what they know that counts, the Rothschild s wouldn't own two of our Federal Reserve Banks if it wasn't profitable.

Sorry for rambling here but to sum this all up gold and oil have one thing in common they have a rock bottom price around $27.00 But gold has something more interesting than that! Gold is the commodity that is the opposite of the dollar! So if the dollar goes up, gold goes down and visa versa... It's all in the charts... even if gold went into parabolic Elliott wave patterns over the 2000 mark it would happen so fast that it would be a shooting star on the charts right before a crash in gold.

What will cause this? I don't know, but I have seen many times a free traded chart predict it's future by counting the waves.

And yes I do think that the US Dollar along with the Pound and all of it's entities Canada, Australia, New Zealand, etc... Will be the last man standing in the so called currency wars

And yes the world needs the US to back a reserve currency, not the other way around. The US has wealth and shares it's wealth because it has compassion while other nations try to obtain wealth for self preservation... The US could close it's borders and have everything it would ever need while the rest of the world suffered. "I guess that's about all I have to say about that." Quote: Forrest Gump

[splicer09]

Well Soros warns of economic disaster for the dollar. I don't normally put too much faith into what he says, however his knowledge of currency investing speaks volumes. This to me is not good news. He is not the only one with beliefs of the dollar crashing. If it truley does crash we will see things that we never have and never wanted to see.

[SgtFuryUSCZ]

NWO is closer than people think. We were the ones standing in their way, so they had to break us. I've known about this for a long time. I was only a teenager when I first heard about it. I tried talking to people about it. They would laugh, and I would go home kickin rocks. I told my friend the other day there will be mass riots in every major city in the US, he said "Not for another 50 yrs". A lot of people are blind, or don't want to here about this country failing. What goes up must come down, and all good things must come to an end.

***///

So right, Fast.

After having spent a considerable amount of time out of the CONUS,

I can tell you that this OWO business has been creeping like a deadly fog - in alot of countries.

The plan - to turn the weakest countries first with promises of equity is an easy sell - thus momentum gained.

Next, take the lefty countries and bring them into the fold..

And lastly US... POTUS is assisting in this by breaking our Country down to smithereens.

He's doing the same thing to the American people - telling the have-nots & don't wanna-works

that they are entitled to equity.

They jump on his bulls**t bandwagon because they have a sense of entitlement

and, not unlike pathetic 3rd world countries out there, are easily led by the nose with promises of something-for-nothing.

Stupid, effing lemmings who'll vote for him again. Hope & change my arse, you've been hoodwinked!

This cat gets another term and WE ARE TOAST .

Edited January 27, 2012 by SgtFuryUSCZ

[tyron]

Well, if you can't beat them- join them?

Perhaps this is the "Great Reboot of the Financial System" --the Gold Standard people are touting

Perhaps they were looking for an "excuse" to make it all look viable, as why do anything without a really good reason?

Yes the power is or has shifted from West to East. The question is how long will this last and for the US to "join them"?

When you buy a Japanese car, where does the money you paid end up going? It goes to Japan, right? Wrong! The Japanese use that money to buy American government bonds. Now consider... The federal government receives (through taxation) about 33% of an American car sale, but receives (through Japanese purchase of bonds) nearly 100% of a Japanese car sale. So now you know why American workers building cars is not better than Japanese workers building cars in the grand scheme of enhancing the American government's revenue. Likewise Japan is constantly devaluing its yen to keep the dollar looking strong. A good example of this strange 'following policies that don't put the interest of their own citizens at heart' is when the Swiss government decided to leave their status as the most reliable currency in the world and devalue it by 10% overnight, worse, peg it to the dying Euro!!

All fiat currencies are being deliberately overprinted. If you and I can see that bank bailout to the tune of 16 trillion is bad then so can they. In the wake of our 'worthless money' we will beg the TPTB to bring in their new gold backed global currency.

[CrappieShark]

This is what in my own very humble opinion is happening. The people who rule the economy rule the world. They built the dollar up and it never had any value in the first place. Basically gold and silver and any precious medal as well as gems and jewels are true and real currency. Foods and trades are barterable currency. In America you never own anything so you are always in debt. Think you own land? Think again just stop paying property taxes and watch your multimillion dollar home be sold for tax dollars. Same with your cars and vehicles. The American person is the only thing that has value. And they value us according to time. 40 hours a week 52 weeks a year from the age of 16-65 years old. The only thing of value is time. You are "paid" according to time. Our government and country can only be sustained if people give them time in exchange for goods, such as money, food, shelter, clothing etc. This is why we are going broke because so many do nothing with their time and depend on a ever dwindling amount of persons to cover them. Money is just a bartering system. The paper itself is worth nothing at all. The country that stands behind the currency and the goods of that country makes a currency valuable. Our country is now ran by people that are crooked and corrupt and the world has no faith in our leaders nor in our the longevity of time our country has. There is a plan to destroy America and these other countries see it and know it. We are not stable and cannot be depended on for a future. Therefore they are seperating themselves from us to make the impact less greater than it would be when we go down. This country taxes its people that work more than any other country period. The people dont want to give their time to the government anymore because we have become their vassals and or slaves. When you work and never own anything and have no way of enjoying the fruits of your labor and the government sucks it all in and demands more and is trying to take more there comes a breaking point. We are there. The people who control the economy wants us there and have put us there so they can take complete control of us and all other nations that depend on "economy". basically if we went back to the barter system then people would have to get opff their lazy butts and work and provide a good that others want or need to sustain their life. It has to start with getting the people back in control of our government and economy. If we don't our military will kill us if we don't comply. America is on the verge of civil war and it could be avoided if we would just impeach our government and bring back our constitution and end taxation and demand all people work to support the whole or they don't have anything. When you sit and hold worthless paper and make people work for it and you do nothing but make and control paper that everyone is brainwashed into believing is the answer to their problems you have pulled off the most brilliant con job ever. We have been conned. The only way to fix it is go back to the barter system and get our government back.