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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
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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
Champion Author Los Angeles

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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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LaVonneK
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Message Posted: May 1, 2012 6:55:23 PM

Oh.
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TDIdave
Champion Author California

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Message Posted: May 1, 2012 6:54:19 PM

hmmm.
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Focus2
Champion Author Illinois

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Message Posted: May 1, 2012 6:54:02 PM

As long as you wage wars with no money to pay for them, you will have debt! Obama didn't start these wars and is trying to bring the troops home. Two wars not paid for that he inherited. He didn't start this whole thing about trading oil in dollars either. That was a Republican named Nixon that set all this up back in 1973, that oil would be traded in US Dollars and we would guarantee protection to the Saudi oil fields. Yes, this boosted the Dollar and don't forget Ronald Regan that put us in debt by a trillion dollars with his star wars program and bringing back the scrapped B1 Bomber!
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ED6
Champion Author Riverside

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Message Posted: May 1, 2012 6:50:01 PM

I think this is what Obama is saying "change" you can believe in.
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carpenter4u
Champion Author Virginia

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Message Posted: May 1, 2012 6:42:50 PM

thanks to the 16 tillion dollars in debt we have created. Thanks Obama for your almost 6 Trillion in 3 years
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adr47
Champion Author Saskatchewan

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Message Posted: May 1, 2012 6:42:06 PM

So
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slowpoke63
Champion Author Louisiana

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Message Posted: May 1, 2012 6:41:07 PM

ok
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chicoCA
Champion Author California

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Message Posted: May 1, 2012 6:39:29 PM

The world is not the US, Europe and a bunch of third world countries anymore. The times they are a changin’
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blah2blah3
Champion Author Houston

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Message Posted: May 1, 2012 6:38:57 PM

ok
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themaninthehat
Champion Author New Orleans

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Message Posted: May 1, 2012 6:38:41 PM

Buy the rumor; sell the news.
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kelly1016
Champion Author Victoria

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Message Posted: May 1, 2012 6:34:44 PM

Weak dollar, lost prestige, poor economy, and putting your nose into everything. What exactly did the USA think would happen when stronger countries did not want to cooperate with a boycott and you took action against them by closing your financial institutions to them?
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itsjustme719
Champion Author Hamilton

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Message Posted: May 1, 2012 6:33:48 PM

The day is coming.
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JamesCalvin
Champion Author Lancaster

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Message Posted: May 1, 2012 6:31:43 PM

Come on guys!!!!

Let's quit arguing and follow the example of our leader:

Willingly and cheerfully spread the wealth around the globe...

...without grumbling!
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kelly1016
Champion Author Victoria

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Message Posted: May 1, 2012 6:30:32 PM

Yes this is another sign that the American Empire is in decline.
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dirt girl
Champion Author Twin Cities

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Message Posted: May 1, 2012 6:29:47 PM

Business Insider "is a U.S. business/entertainment news website...The site provides and analyzes business news and acts as an aggregator of top news stories from around the web, each with an "edgy" commentary...Business Insider has been criticized by bloggers ...in the way that it publishes third party content directly on its website..."

I guess this story would fall under the "edgy" category. lol

[Edited by: dirt girl at 5/1/2012 9:31:23 PM EST]
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JamesCalvin
Champion Author Lancaster

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Message Posted: May 1, 2012 6:29:35 PM

Hush now, my children!!!!

Let's quit arguing and follow the example of our leader:

Willingly and cheerfully spread the wealth around the globe...

...without grumbling!
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DTroytNC
Veteran Author Charlotte

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Message Posted: May 1, 2012 6:28:52 PM

I guess its time to move on.
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JamesCalvin
Champion Author Lancaster

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Message Posted: May 1, 2012 6:28:35 PM

Please!!!!

Let's quit arguing and follow the example of our leader:

Willingly and cheerfully spread the wealth around the globe...

...without grumbling!

Come along my children!
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fishnhuntWV
Veteran Author West Virginia

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Message Posted: May 1, 2012 6:28:02 PM

Weak dollar is big reason that dollar is weak
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JamesCalvin
Champion Author Lancaster

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Message Posted: May 1, 2012 6:26:01 PM

Let's quit arguing and follow the example of our leader:

Willingly and cheerfully spread the wealth around the globe...

...without grumbling!

Come along my children!
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nj2000ng
Champion Author Houston

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Message Posted: May 1, 2012 6:25:52 PM

This has been mentioned numerous times in the past, but it won't happen.
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RitaVespa
Champion Author Oregon

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Message Posted: May 1, 2012 6:25:17 PM

been looking for this article.
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NorthglennBill
Champion Author Denver

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Message Posted: May 1, 2012 6:24:50 PM

One more story about how our politicians continue to mess up the US's future.
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boborobot
All-Star Author Michigan

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Message Posted: May 1, 2012 6:24:38 PM

Scary, but not too surprising.
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babugp
Veteran Author Philadelphia

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Message Posted: May 1, 2012 6:24:23 PM

what?duh
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LoneGuy
Champion Author Lansing

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Message Posted: May 1, 2012 6:19:34 PM

The media has abandoned any sanity about balanced reporting.
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iceman11
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Message Posted: May 1, 2012 6:15:04 PM

hmmmm
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rpr77
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Message Posted: May 1, 2012 6:13:39 PM

ok
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Prodaddy
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Message Posted: May 1, 2012 6:12:46 PM

Hard to believe this
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theschmuck
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Message Posted: May 1, 2012 6:10:50 PM

'BM4225' has a good reply. And as far as TXryder's statement Bush put us in a hole, where have you been the last three years. BHO has made us the laughing stock of the world and gravely deep in debt.
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marinedad1949
Champion Author Lancaster

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Message Posted: May 1, 2012 6:08:52 PM

Folks some of you really need a reality check.
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OWENALOTT
Champion Author Appleton

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Message Posted: May 1, 2012 6:08:19 PM

The media can bend the story any way they want to fool the US public.
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LV_Mike1
Veteran Author Las Vegas

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Message Posted: May 1, 2012 6:06:59 PM

Oh yah...blame Pres. Obama...for God's sake, will you people NEVER stop! You actually think Pres. Obama is the fault for that? This is something that's been going on for years and lucky for you all and I, it won't be something we see in our lifetimes! I suppose anything is possible (the dollar really did replace the UK pound) but like I said....this is something that won't happen for years to come.
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hcivic
Champion Author Virginia

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Message Posted: May 1, 2012 6:06:50 PM

OK
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nimpy
Champion Author Indianapolis

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Message Posted: May 1, 2012 6:02:46 PM

Part of the grand scheme of things
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TXryder
Champion Author Texas

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Message Posted: May 1, 2012 6:01:52 PM

BUSH drove the country so far in debt the dollar is now a symbol of poverty.

As for the Iran oil tankers, they just do not disappear. Easily tracked with gov satellites. They probably did not have any oil in it in the first place.
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36_ACRES_4_SALE
All-Star Author Appleton

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Message Posted: May 1, 2012 6:01:27 PM

:)
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30mpg80
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Message Posted: May 1, 2012 6:00:12 PM

aaha
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gknee09
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Message Posted: May 1, 2012 5:53:15 PM

yikes!
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: May 1, 2012 5:52:52 PM

wow
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jwduke1
Champion Author Iowa

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Message Posted: May 1, 2012 5:51:57 PM

Thanks O'Bummer!
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phatride92
Champion Author Kansas

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Message Posted: May 1, 2012 5:50:59 PM

It’s true, and the $ replaced the Uk pound!
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BM4225
Champion Author Atlanta

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Message Posted: May 1, 2012 5:48:21 PM

How could we be as powerful as we use to be, we have sent all of our manufacturing jobs, then our money to purchase what is now made in China.
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Sarge10
Champion Author Detroit

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Message Posted: May 1, 2012 5:46:24 PM

What do you expect from a bunch of Commies!
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swrestler
Champion Author Grand Rapids

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Message Posted: May 1, 2012 5:45:43 PM

I Just Don't Believe This...
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Pete12
Champion Author Albany

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Message Posted: May 1, 2012 5:44:31 PM

I'm not sure I am buying this story!
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kzrooster
Champion Author Kalamazoo

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Message Posted: May 1, 2012 5:43:02 PM

hmm, not so good.
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hussainktm
Rookie Author Dallas

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Message Posted: May 1, 2012 5:42:40 PM

pussies
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