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The Media Won't Touch This Story About The End Of The US Dollar

Business Insider -- Over the past few years China and other emerging powers such as Russia have been quietly making agreements to move away from the US dollar in international trade. Several major oil-producing nations have begun selling oil in currencies other than the dollar, and both the United Nations and the International Monetary Fund (IMF) have issued reports arguing for the need to create a new global reserve currency independent of the dollar.

The supremacy of the dollar is not nearly as solid as most Americans believe it to be. More generally, the United States is not the global superpower it once was. These trends are very much connected, as demonstrated by the world's response to US sanctions against Iran.

Millions of barrels of Iranian oil that were in storage in Iranian tankers a few weeks ago


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Submitted May 01, 2012 By: dhdiesel
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: The Media Won't Touch This Story About The End Of The US Dollar Back to Topics
REPLIES (newest first) Post a Reply
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carman11
Champion Author North Carolina

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Message Posted: May 1, 2012 8:23:07 PM

OK
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mfeldstein
Champion Author Ottawa

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Message Posted: May 1, 2012 8:22:32 PM

Alaydown ... Bang on!
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USAv8tor
Veteran Author Long Island

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Message Posted: May 1, 2012 8:20:26 PM

This is what happens when people are arrogant and ignorant.
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Alaydown
Champion Author Los Angeles

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Message Posted: May 1, 2012 8:15:38 PM

Focus2, you have an amazing way of rewriting history cause and effect. Each of those causes you mentioned had nothing to do with the effect you gave.
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bif65
Champion Author Virginia

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Message Posted: May 1, 2012 8:14:33 PM

ok
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Ayeghoti
Champion Author Michigan

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Message Posted: May 1, 2012 8:09:52 PM

it's hard to b a superpower when you go in debt to give money away to troubled places, like haiti
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firefly09
Champion Author San Diego

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Message Posted: May 1, 2012 8:07:26 PM

Check out kitco.com and see what the dollar is worth anywhere.
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Lukus
Champion Author Halifax

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Message Posted: May 1, 2012 8:06:06 PM

The US and Canada are allowing too many businesses to move their production to Japan and China. US and Canadian jobs have been killed in the effort.
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ExplorerWA
Champion Author Washington

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Message Posted: May 1, 2012 8:06:00 PM

It's coming and our economy and way of life is going away.
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suzmar
Champion Author Texas

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Message Posted: May 1, 2012 8:02:57 PM

The Obama administrations policies have greatly devalued the dollar. We are reaping what the Democrats have sown.
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thuathienhue
Champion Author Michigan

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Message Posted: May 1, 2012 7:59:04 PM

Yuck, the clean version of my comment
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letmathe
Champion Author Chicago

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Message Posted: May 1, 2012 7:55:36 PM

This has been coming for a long time and is the consequence of the decision to "open markets" in China. Good for international firms, bad for the American people.
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Alfied
Champion Author Riverside

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Message Posted: May 1, 2012 7:54:05 PM

The beginning of the end.
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Fitwit
Champion Author Stockton

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Message Posted: May 1, 2012 7:51:33 PM

This makes me sick to my stomach.
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bojiway1
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Message Posted: May 1, 2012 7:51:19 PM

scary
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200porter
Champion Author Toronto

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Message Posted: May 1, 2012 7:50:41 PM

NWO
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Yankee829
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Message Posted: May 1, 2012 7:50:37 PM

Ok
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69Bonne
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Message Posted: May 1, 2012 7:49:59 PM

If that would happen than our economy will really be toast.
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crashintuc34
Champion Author Tucson

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Message Posted: May 1, 2012 7:45:48 PM

4 more years of Der Fuhrer and this country is doomed.
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abcdMA
Champion Author Worcester

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Message Posted: May 1, 2012 7:37:31 PM

that will take time
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REKEY
Champion Author South Carolina

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Message Posted: May 1, 2012 7:37:26 PM

Who thinks it's solid?
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Blue48
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Message Posted: May 1, 2012 7:36:25 PM

TIME WILL TELL!
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CapNC
Champion Author North Carolina

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Message Posted: May 1, 2012 7:35:28 PM

who knows anymore what to do
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OKRifle
Champion Author Oklahoma City

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Message Posted: May 1, 2012 7:33:03 PM

I TRIED TO LEAVE A COMMENT BUT THE CENSORS KEPT DELETING MY COMMENT, SO FORGET IT! kEEP PROTECTING OBAMA!
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JCS319
Champion Author Tacoma

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Message Posted: May 1, 2012 7:30:57 PM

Just a bunch of reactionary BS. So what are you going to buy instead of the dollar? The Yuan? don't think so. The Euro? Look what happened there. The Yen? That's so 1980. Gold? Been there done that. It looks good now, but I wouldn't bet on it's future. The bottom line is (like it or now) there simply is no replacement for the dollar as a global currency.
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feistyfella
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Message Posted: May 1, 2012 7:29:07 PM

I wouldn't either.
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rf6480
Champion Author Miami

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Message Posted: May 1, 2012 7:28:40 PM

Libya tried that and look what happened. Don't they know not to mess with the US. We are headed for disaster if we don't do something to turn this nation around. We need to go back to what works, the Constitution.
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drz614
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Message Posted: May 1, 2012 7:28:06 PM

ok
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skyking19
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Message Posted: May 1, 2012 7:27:08 PM

Not a surprise.
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iamforiu
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Message Posted: May 1, 2012 7:25:47 PM

ok
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WillyG
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Message Posted: May 1, 2012 7:17:41 PM

I'm not surprised. I don't think it'll happen though. I remember few decades ago when they wanted to create an international language (Esperando), and we saw how that worked out. Euro was supposed to be the currency all across EU countries, and yet there are some countries in this union that refuse to switch. What does that tell you about the Euro currency ? At least the dollar is used on ALL the states in the USA.
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darkknight1
Champion Author Winston-Salem

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Message Posted: May 1, 2012 7:16:37 PM

Doesn't surprise me. A one world government and currency seems just around the corner.
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KWM2011
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Message Posted: May 1, 2012 7:15:21 PM

Look out for China.
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IUVidiot
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Message Posted: May 1, 2012 7:15:03 PM

ok
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bvrbill
Champion Author Eugene

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Message Posted: May 1, 2012 7:14:25 PM

Another reason to be energy independent and self sufficient.
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ericbcire
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Message Posted: May 1, 2012 7:14:21 PM

Stop monetizing the debt.
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Zeke33
Champion Author New Hampshire

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Message Posted: May 1, 2012 7:13:00 PM

That's because the media is very liberal. Our problem with the dollar is that Obummer has run up such a deficit and is covering it by printing more money which is getting worthless.
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walkingtall
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Message Posted: May 1, 2012 7:11:28 PM

The end is near for the green back.
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preacherboyFL
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Message Posted: May 1, 2012 7:11:13 PM

Romans 6:23 For the wages of sin is death (spiritual and physical-eternal), but the gift of God is eternal life in Christ Jesus our Lord.
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jdc17327
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Message Posted: May 1, 2012 7:10:59 PM

okay
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gmcgas
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Message Posted: May 1, 2012 7:10:15 PM

the end is near.
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fajeff01
All-Star Author Atlanta

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Message Posted: May 1, 2012 7:10:10 PM

It may have something to do with the fact that the pound has always been THE currency to have and the Euro started out worth more than the dollar when it was first introduced a decade ago (January 1, 2002 to be exact). It means it's OLD NEWS.
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DABEE1073
Champion Author San Diego

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Message Posted: May 1, 2012 7:09:08 PM

NOT UNLESS obummer APPROVES IT.
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carefrey
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Message Posted: May 1, 2012 7:09:02 PM

I wonder why?
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dbecks44
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Message Posted: May 1, 2012 7:08:02 PM

Yes, claremont, I have. 11/12, hurry up!
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cicio2000
Veteran Author Chicago

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Message Posted: May 1, 2012 7:07:14 PM

Apparently the Wall Street Journal (among many others), don't count as "media." Aka: this has been reported many times over the past few years. http://online.wsj.com/article/SB10001424052748703313304576132170181013248.html

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clermont40miles
Champion Author Cincinnati

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Message Posted: May 1, 2012 7:05:31 PM

So it goes with a devalued currency and a bankrupt nation.

Had enough?
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jjfisher
All-Star Author Toledo

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Message Posted: May 1, 2012 7:04:56 PM

It's bound to happen.
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DustyHorse
Champion Author Virginia

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Message Posted: May 1, 2012 7:03:42 PM

This article is an infomercial. Notice the last line "[The end of dollar dominance is a very ominous sign for the US economy… especially since the federal government seems to be ignoring this enormous elephant. Ignore it at your peril – or get advice from over 30 financial experts that will help you thrive during the tumultuous times ahead.]"

I don't believe anything this article says. They are just trying to make a buck by sowing Fear Uncertainty and Doubt.
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ezone
Champion Author Florida

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Message Posted: May 1, 2012 7:03:26 PM

This has been coming for a long time, the result of running the printing presses full time (or the digital equivalent) creating a fiat currency. As soon as the dollar loses its standing as the global reserve currency, it will float to its true value, which is rapidly approaching ZERO. This is the collapse of our currency, and with it the collapse of our economy. NObama 2012.
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ratones1
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Message Posted: May 1, 2012 7:03:08 PM

hhhhhhhhhhhhhhhhhhhhhhhhhm...
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studebaker1940
Champion Author Tampa

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Message Posted: May 1, 2012 6:58:02 PM

Buy gold and take delivery and gold mining stocks.The dollar is doomed
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