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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

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slayur Champion Author Chicago Posts:1,534 Points:1,238,990 Joined:Sep 2005	Message Posted: May 1, 2012 8:23:30 PM Ignore slayur Report Abuse Ya Right
carman11 Champion Author North Carolina Posts:3,480 Points:719,425 Joined:Jun 2011	Message Posted: May 1, 2012 8:23:07 PM Ignore carman11 Report Abuse OK
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: May 1, 2012 8:22:32 PM Ignore mfeldstein Report Abuse Alaydown ... Bang on!
USAv8tor Veteran Author Long Island Posts:348 Points:139,115 Joined:Mar 2012	Message Posted: May 1, 2012 8:20:26 PM Ignore USAv8tor Report Abuse This is what happens when people are arrogant and ignorant.
Alaydown Champion Author Los Angeles Posts:5,259 Points:847,815 Joined:May 2007	Message Posted: May 1, 2012 8:15:38 PM Ignore Alaydown Report Abuse 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.
bif65 Champion Author Virginia Posts:1,024 Points:200,650 Joined:Jan 2011	Message Posted: May 1, 2012 8:14:33 PM Ignore bif65 Report Abuse ok
Ayeghoti Champion Author Michigan Posts:2,535 Points:369,355 Joined:Aug 2007	Message Posted: May 1, 2012 8:09:52 PM Ignore Ayeghoti Report Abuse it's hard to b a superpower when you go in debt to give money away to troubled places, like haiti
firefly09 Champion Author San Diego Posts:2,613 Points:740,105 Joined:Mar 2009	Message Posted: May 1, 2012 8:07:26 PM Ignore firefly09 Report Abuse Check out kitco.com and see what the dollar is worth anywhere.
Lukus Champion Author Halifax Posts:8,420 Points:1,702,125 Joined:Nov 2007	Message Posted: May 1, 2012 8:06:06 PM Ignore Lukus Report Abuse 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.
ExplorerWA Champion Author Washington Posts:4,235 Points:824,850 Joined:Feb 2011	Message Posted: May 1, 2012 8:06:00 PM Ignore ExplorerWA Report Abuse It's coming and our economy and way of life is going away.
suzmar Champion Author Texas Posts:2,224 Points:897,080 Joined:Jun 2006	Message Posted: May 1, 2012 8:02:57 PM Ignore suzmar Report Abuse The Obama administrations policies have greatly devalued the dollar. We are reaping what the Democrats have sown.
thuathienhue Champion Author Michigan Posts:3,584 Points:659,915 Joined:Jul 2011	Message Posted: May 1, 2012 7:59:04 PM Ignore thuathienhue Report Abuse Yuck, the clean version of my comment
letmathe Champion Author Chicago Posts:14,449 Points:3,159,570 Joined:May 2001	Message Posted: May 1, 2012 7:55:36 PM Ignore letmathe Report Abuse 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.
Alfied Champion Author Riverside Posts:8,079 Points:1,783,940 Joined:Jun 2001	Message Posted: May 1, 2012 7:54:05 PM Ignore Alfied Report Abuse The beginning of the end.
Fitwit Champion Author Stockton Posts:6,528 Points:1,379,980 Joined:May 2009	Message Posted: May 1, 2012 7:51:33 PM Ignore Fitwit Report Abuse This makes me sick to my stomach.
bojiway1 Champion Author Minnesota Posts:2,190 Points:506,635 Joined:Dec 2011	Message Posted: May 1, 2012 7:51:19 PM Ignore bojiway1 Report Abuse scary
200porter Champion Author Toronto Posts:2,205 Points:569,835 Joined:Sep 2011	Message Posted: May 1, 2012 7:50:41 PM Ignore 200porter Report Abuse NWO
Yankee829 Champion Author Dallas Posts:2,349 Points:587,290 Joined:Sep 2010	Message Posted: May 1, 2012 7:50:37 PM Ignore Yankee829 Report Abuse Ok
69Bonne Champion Author Gary Posts:1,261 Points:494,120 Joined:Sep 2005	Message Posted: May 1, 2012 7:49:59 PM Ignore 69Bonne Report Abuse If that would happen than our economy will really be toast.
crashintuc34 Champion Author Tucson Posts:4,193 Points:839,530 Joined:May 2010	Message Posted: May 1, 2012 7:45:48 PM Ignore crashintuc34 Report Abuse 4 more years of Der Fuhrer and this country is doomed.
abcdMA Champion Author Worcester Posts:8,057 Points:1,601,705 Joined:Nov 2008	Message Posted: May 1, 2012 7:37:31 PM Ignore abcdMA Report Abuse that will take time
REKEY Champion Author South Carolina Posts:8,723 Points:1,727,095 Joined:May 2008	Message Posted: May 1, 2012 7:37:26 PM Ignore REKEY Report Abuse Who thinks it's solid?
Blue48 Champion Author Illinois Posts:7,450 Points:1,666,620 Joined:Feb 2007	Message Posted: May 1, 2012 7:36:25 PM Ignore Blue48 Report Abuse TIME WILL TELL!
CapNC Veteran Author North Carolina Posts:398 Points:377,980 Joined:Jul 2011	Message Posted: May 1, 2012 7:35:28 PM Ignore CapNC Report Abuse who knows anymore what to do
OKRifle Champion Author Oklahoma City Posts:10,582 Points:1,837,985 Joined:Oct 2007	Message Posted: May 1, 2012 7:33:03 PM Ignore OKRifle Report Abuse I TRIED TO LEAVE A COMMENT BUT THE CENSORS KEPT DELETING MY COMMENT, SO FORGET IT! kEEP PROTECTING OBAMA!
JCS319 Champion Author Tacoma Posts:20,857 Points:2,570,310 Joined:Dec 2005	Message Posted: May 1, 2012 7:30:57 PM Ignore JCS319 Report Abuse 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.
feistyfella All-Star Author Detroit Posts:921 Points:213,495 Joined:Jun 2010	Message Posted: May 1, 2012 7:29:07 PM Ignore feistyfella Report Abuse I wouldn't either.
rf6480 Champion Author Miami Posts:1,584 Points:570,605 Joined:Mar 2011	Message Posted: May 1, 2012 7:28:40 PM Ignore rf6480 Report Abuse 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.
drz614 Champion Author Harrisburg Posts:2,443 Points:626,275 Joined:Aug 2011	Message Posted: May 1, 2012 7:28:06 PM Ignore drz614 Report Abuse ok
skyking19 Champion Author Little Rock Posts:2,021 Points:1,723,490 Joined:Jan 2007	Message Posted: May 1, 2012 7:27:08 PM Ignore skyking19 Report Abuse Not a surprise.
iamforiu Champion Author Indiana Posts:3,710 Points:738,465 Joined:May 2011	Message Posted: May 1, 2012 7:25:47 PM Ignore iamforiu Report Abuse ok
WillyG Champion Author Cincinnati Posts:3,694 Points:933,770 Joined:Aug 2005	Message Posted: May 1, 2012 7:17:41 PM Ignore WillyG Report Abuse 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.
darkknight1 Champion Author Winston-Salem Posts:4,480 Points:923,760 Joined:Nov 2010	Message Posted: May 1, 2012 7:16:37 PM Ignore darkknight1 Report Abuse Doesn't surprise me. A one world government and currency seems just around the corner.
KWM2011 Champion Author Ontario Posts:1,451 Points:351,950 Joined:May 2011	Message Posted: May 1, 2012 7:15:21 PM Ignore KWM2011 Report Abuse Look out for China.
IUVidiot Champion Author Indiana Posts:3,725 Points:736,160 Joined:Jun 2011	Message Posted: May 1, 2012 7:15:03 PM Ignore IUVidiot Report Abuse ok
bvrbill Champion Author Eugene Posts:3,445 Points:546,325 Joined:Jul 2011	Message Posted: May 1, 2012 7:14:25 PM Ignore bvrbill Report Abuse Another reason to be energy independent and self sufficient.
ericbcire Champion Author Nevada Posts:4,665 Points:1,295,410 Joined:Aug 2009	Message Posted: May 1, 2012 7:14:21 PM Ignore ericbcire Report Abuse Stop monetizing the debt.
Zeke33 Champion Author New Hampshire Posts:5,662 Points:1,636,055 Joined:Sep 2005	Message Posted: May 1, 2012 7:13:00 PM Ignore Zeke33 Report Abuse 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.
walkingtall Champion Author Toronto Posts:4,139 Points:1,149,380 Joined:Nov 2004	Message Posted: May 1, 2012 7:11:28 PM Ignore walkingtall Report Abuse The end is near for the green back.
preacherboyFL Veteran Author Orlando Posts:444 Points:125,860 Joined:Feb 2012	Message Posted: May 1, 2012 7:11:13 PM Ignore preacherboyFL Report Abuse 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.
jdc17327 Champion Author Pennsylvania Posts:2,582 Points:199,730 Joined:May 2009	Message Posted: May 1, 2012 7:10:59 PM Ignore jdc17327 Report Abuse okay
gmcgas Champion Author Atlanta Posts:6,094 Points:1,741,870 Joined:Mar 2004	Message Posted: May 1, 2012 7:10:15 PM Ignore gmcgas Report Abuse the end is near.
fajeff01 All-Star Author Atlanta Posts:678 Points:1,337,560 Joined:Jan 2005	Message Posted: May 1, 2012 7:10:10 PM Ignore fajeff01 Report Abuse 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.
DABEE1073 Champion Author San Diego Posts:8,355 Points:1,600,785 Joined:Jun 2008	Message Posted: May 1, 2012 7:09:08 PM Ignore DABEE1073 Report Abuse NOT UNLESS obummer APPROVES IT.
carefrey Champion Author Orlando Posts:5,670 Points:1,186,210 Joined:Sep 2009	Message Posted: May 1, 2012 7:09:02 PM Ignore carefrey Report Abuse I wonder why?
dbecks44 Champion Author Michigan Posts:1,477 Points:459,680 Joined:Jan 2012	Message Posted: May 1, 2012 7:08:02 PM Ignore dbecks44 Report Abuse Yes, claremont, I have. 11/12, hurry up!
cicio2000 Sophomore Author Chicago Posts:216 Points:390,295 Joined:Jan 2009	Message Posted: May 1, 2012 7:07:14 PM Ignore cicio2000 Report Abuse 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
clermont40miles Champion Author Cincinnati Posts:10,754 Points:1,800,345 Joined:Apr 2008	Message Posted: May 1, 2012 7:05:31 PM Ignore clermont40miles Report Abuse So it goes with a devalued currency and a bankrupt nation. Had enough?
jjfisher All-Star Author Toledo Posts:559 Points:771,600 Joined:Aug 2008	Message Posted: May 1, 2012 7:04:56 PM Ignore jjfisher Report Abuse It's bound to happen.
DustyHorse Champion Author Virginia Posts:6,222 Points:1,417,740 Joined:Oct 2008	Message Posted: May 1, 2012 7:03:42 PM Ignore DustyHorse Report Abuse 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.
ezone Champion Author Florida Posts:2,455 Points:966,315 Joined:Oct 2008	Message Posted: May 1, 2012 7:03:26 PM Ignore ezone Report Abuse 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.
ratones1 Champion Author Los Angeles Posts:2,987 Points:756,755 Joined:Mar 2011	Message Posted: May 1, 2012 7:03:08 PM Ignore ratones1 Report Abuse hhhhhhhhhhhhhhhhhhhhhhhhhm...