BRICS Nations Dumping The Dollar

[2ADMNLOVER]

Don't know much about the new "world economy" but I'm bettin this can't be good for us .

BRICS nations to replace dollar credits with local currencies - Monsters and Critics

 

[TopDog]

The dollar has steadily been losing ground over the last 20 years. It has really accelerated over the last 8 years. At this point the dollar is worth less than a one for one exchange in countries like Canada and Australia. Soon the dollar will be just a third world currency. As this country will be just another third world country as we get passed by the majority of other countries.

Say good bye to the American way of life, only a few at the top will go unscathed. We were sold out and it continues toward a one world government and one world economy every day.

 

[ATOMonkey]

Don't worry, the Federal Reserve will buy up that debt, so it'll be fine.

Hey did you hear that the government is now providing bread and circuses? It's great!

 

[Eric J]

Hey did you hear that the government is now providing bread and circuses? It's great!

 

[williamrights]

Hey the bread and circuses is accurate. It is scary how we are mimicking the Roman Empire.

 

[Eric J]

Oh I agree, I just thought it was a funny reference.

 

[ATOMonkey]

Seriously though, the FED will release another round of QE to buy up the debt so that the velocity of our currency remains low.

If not, this selling of US securities would trigger the collapse of the dollar.

 

[2ADMNLOVER]

Follow up , BRICS demand global monetary shake-up, greater influence - Yahoo! Finance

 

[Plinker]

Momentum is starting to increase. It's only a matter of time now before some sort of wide spread 'Global Credit'.

 

[Liberty's Teeth]

Hey the bread and circuses is accurate. It is scary how we are mimicking the Roman Empire.

Unfortunately we are in the information age. What took the Romans 400 years to "de-chieve" we will do in 5.