GasBuddy Blog

GasBuddy News Article

votes

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

Read the Full Article

Submitted May 01, 2012 By: dhdiesel

Back To News

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	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First Prev

Last

ezone Champion Author Florida Posts:2,421 Points:948,610 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:2,917 Points:733,705 Joined:Mar 2011	Message Posted: May 1, 2012 7:03:08 PM Ignore ratones1 Report Abuse hhhhhhhhhhhhhhhhhhhhhhhhhm...
studebaker1940 Champion Author Tampa Posts:2,520 Points:688,505 Joined:Mar 2011	Message Posted: May 1, 2012 6:58:02 PM Ignore studebaker1940 Report Abuse Buy gold and take delivery and gold mining stocks.The dollar is doomed
LaVonneK Champion Author Iowa Posts:2,955 Points:628,700 Joined:Jul 2011	Message Posted: May 1, 2012 6:55:23 PM Ignore LaVonneK Report Abuse Oh.
TDIdave Champion Author California Posts:5,068 Points:1,226,690 Joined:May 2006	Message Posted: May 1, 2012 6:54:19 PM Ignore TDIdave Report Abuse hmmm.
Focus2 Champion Author Illinois Posts:7,892 Points:1,919,565 Joined:Mar 2006	Message Posted: May 1, 2012 6:54:02 PM Ignore Focus2 Report Abuse 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!
ED6 Champion Author Riverside Posts:9,494 Points:1,853,080 Joined:Jul 2007	Message Posted: May 1, 2012 6:50:01 PM Ignore ED6 Report Abuse I think this is what Obama is saying "change" you can believe in.
carpenter4u Champion Author Virginia Posts:2,436 Points:617,895 Joined:Jul 2011	Message Posted: May 1, 2012 6:42:50 PM Ignore carpenter4u Report Abuse thanks to the 16 tillion dollars in debt we have created. Thanks Obama for your almost 6 Trillion in 3 years
adr47 Champion Author Saskatchewan Posts:5,667 Points:1,178,750 Joined:Nov 2008	Message Posted: May 1, 2012 6:42:06 PM Ignore adr47 Report Abuse So
slowpoke63 Champion Author Louisiana Posts:2,747 Points:889,090 Joined:Jul 2009	Message Posted: May 1, 2012 6:41:07 PM Ignore slowpoke63 Report Abuse ok
chicoCA Champion Author California Posts:1,990 Points:1,776,480 Joined:Nov 2007	Message Posted: May 1, 2012 6:39:29 PM Ignore chicoCA Report Abuse The world is not the US, Europe and a bunch of third world countries anymore. The times they are a changin’
blah2blah3 Champion Author Houston Posts:2,616 Points:602,820 Joined:May 2011	Message Posted: May 1, 2012 6:38:57 PM Ignore blah2blah3 Report Abuse ok
themaninthehat Champion Author New Orleans Posts:1,824 Points:472,265 Joined:Feb 2011	Message Posted: May 1, 2012 6:38:41 PM Ignore themaninthehat Report Abuse Buy the rumor; sell the news.
kelly1016 Champion Author Victoria Posts:1,953 Points:352,940 Joined:Oct 2011	Message Posted: May 1, 2012 6:34:44 PM Ignore kelly1016 Report Abuse 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?
itsjustme719 All-Star Author Hamilton Posts:612 Points:599,020 Joined:Dec 2010	Message Posted: May 1, 2012 6:33:48 PM Ignore itsjustme719 Report Abuse The day is coming.
JamesCalvin Champion Author Lancaster Posts:3,196 Points:521,205 Joined:Nov 2011	Message Posted: May 1, 2012 6:31:43 PM Ignore JamesCalvin Report Abuse 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!
kelly1016 Champion Author Victoria Posts:1,953 Points:352,940 Joined:Oct 2011	Message Posted: May 1, 2012 6:30:32 PM Ignore kelly1016 Report Abuse Yes this is another sign that the American Empire is in decline.
dirt girl Champion Author Twin Cities Posts:35,965 Points:3,073,955 Joined:Oct 2004	Message Posted: May 1, 2012 6:29:47 PM Ignore dirt girl Report Abuse 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]
JamesCalvin Champion Author Lancaster Posts:3,196 Points:521,205 Joined:Nov 2011	Message Posted: May 1, 2012 6:29:35 PM Ignore JamesCalvin Report Abuse 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!
DTroytNC Veteran Author Charlotte Posts:366 Points:62,510 Joined:Jan 2012	Message Posted: May 1, 2012 6:28:52 PM Ignore DTroytNC Report Abuse I guess its time to move on.
JamesCalvin Champion Author Lancaster Posts:3,196 Points:521,205 Joined:Nov 2011	Message Posted: May 1, 2012 6:28:35 PM Ignore JamesCalvin Report Abuse 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!
fishnhuntWV Sophomore Author West Virginia Posts:231 Points:65,870 Joined:Aug 2011	Message Posted: May 1, 2012 6:28:02 PM Ignore fishnhuntWV Report Abuse Weak dollar is big reason that dollar is weak
JamesCalvin Champion Author Lancaster Posts:3,196 Points:521,205 Joined:Nov 2011	Message Posted: May 1, 2012 6:26:01 PM Ignore JamesCalvin Report Abuse 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!
nj2000ng Champion Author Houston Posts:1,507 Points:449,020 Joined:Jan 2010	Message Posted: May 1, 2012 6:25:52 PM Ignore nj2000ng Report Abuse This has been mentioned numerous times in the past, but it won't happen.
RitaVespa Champion Author Oregon Posts:2,991 Points:794,310 Joined:Jan 2011	Message Posted: May 1, 2012 6:25:17 PM Ignore RitaVespa Report Abuse been looking for this article.
NorthglennBill Champion Author Denver Posts:7,432 Points:1,473,895 Joined:Oct 2008	Message Posted: May 1, 2012 6:24:50 PM Ignore NorthglennBill Report Abuse One more story about how our politicians continue to mess up the US's future.
boborobot All-Star Author Michigan Posts:501 Points:418,425 Joined:Dec 2011	Message Posted: May 1, 2012 6:24:38 PM Ignore boborobot Report Abuse Scary, but not too surprising.
babugp Veteran Author Philadelphia Posts:339 Points:76,685 Joined:Mar 2012	Message Posted: May 1, 2012 6:24:23 PM Ignore babugp Report Abuse what?duh
LoneGuy Champion Author Lansing Posts:8,490 Points:2,319,945 Joined:Aug 2005	Message Posted: May 1, 2012 6:19:34 PM Ignore LoneGuy Report Abuse The media has abandoned any sanity about balanced reporting.
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: May 1, 2012 6:15:04 PM Ignore iceman11 Report Abuse hmmmm
rpr77 Champion Author Philadelphia Posts:3,906 Points:769,835 Joined:Mar 2011	Message Posted: May 1, 2012 6:13:39 PM Ignore rpr77 Report Abuse ok
Prodaddy Champion Author Houston Posts:8,385 Points:1,897,035 Joined:May 2007	Message Posted: May 1, 2012 6:12:46 PM Ignore Prodaddy Report Abuse Hard to believe this
theschmuck Champion Author Michigan Posts:2,927 Points:1,513,575 Joined:Mar 2007	Message Posted: May 1, 2012 6:10:50 PM Ignore theschmuck Report Abuse '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.
marinedad1949 Champion Author Lancaster Posts:2,501 Points:505,395 Joined:Nov 2011	Message Posted: May 1, 2012 6:08:52 PM Ignore marinedad1949 Report Abuse Folks some of you really need a reality check.
OWENALOTT Champion Author Appleton Posts:2,182 Points:500,095 Joined:Apr 2011	Message Posted: May 1, 2012 6:08:19 PM Ignore OWENALOTT Report Abuse The media can bend the story any way they want to fool the US public.
LV_Mike1 Sophomore Author Las Vegas Posts:221 Points:45,555 Joined:Aug 2003	Message Posted: May 1, 2012 6:06:59 PM Ignore LV_Mike1 Report Abuse 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.
hcivic Champion Author Virginia Posts:3,859 Points:2,266,690 Joined:Aug 2005	Message Posted: May 1, 2012 6:06:50 PM Ignore hcivic Report Abuse OK
nimpy Champion Author Indianapolis Posts:8,145 Points:1,703,055 Joined:Oct 2007	Message Posted: May 1, 2012 6:02:46 PM Ignore nimpy Report Abuse Part of the grand scheme of things
TXryder Champion Author Texas Posts:2,720 Points:434,680 Joined:Jan 2012	Message Posted: May 1, 2012 6:01:52 PM Ignore TXryder Report Abuse 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.
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: May 1, 2012 6:01:27 PM Ignore 36_ACRES_4_SALE Report Abuse :)
30mpg80 Champion Author Lexington Posts:10,053 Points:1,489,805 Joined:Nov 2008	Message Posted: May 1, 2012 6:00:12 PM Ignore 30mpg80 Report Abuse aaha
gknee09 All-Star Author Philadelphia Posts:985 Points:824,640 Joined:Jul 2009	Message Posted: May 1, 2012 5:53:15 PM Ignore gknee09 Report Abuse yikes!
camaro_man Champion Author Kitchener-Waterloo Posts:2,237 Points:612,020 Joined:Jun 2010	Message Posted: May 1, 2012 5:52:52 PM Ignore camaro_man Report Abuse wow
jwduke1 Champion Author Iowa Posts:15,604 Points:3,068,265 Joined:Apr 2004	Message Posted: May 1, 2012 5:51:57 PM Ignore jwduke1 Report Abuse Thanks O'Bummer!
phatride92 Champion Author Kansas Posts:12,002 Points:2,553,215 Joined:Oct 2005	Message Posted: May 1, 2012 5:50:59 PM Ignore phatride92 Report Abuse It’s true, and the $ replaced the Uk pound!
BM4225 Champion Author Atlanta Posts:10,129 Points:2,096,995 Joined:Aug 2006	Message Posted: May 1, 2012 5:48:21 PM Ignore BM4225 Report Abuse 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.
Sarge10 All-Star Author Detroit Posts:862 Points:174,100 Joined:Feb 2010	Message Posted: May 1, 2012 5:46:24 PM Ignore Sarge10 Report Abuse What do you expect from a bunch of Commies!
swrestler Champion Author Grand Rapids Posts:6,145 Points:1,573,025 Joined:Oct 2008	Message Posted: May 1, 2012 5:45:43 PM Ignore swrestler Report Abuse I Just Don't Believe This...
Pete12 Champion Author Albany Posts:4,878 Points:1,645,955 Joined:Nov 2005	Message Posted: May 1, 2012 5:44:31 PM Ignore Pete12 Report Abuse I'm not sure I am buying this story!
kzrooster Champion Author Kalamazoo Posts:2,395 Points:518,700 Joined:Nov 2011	Message Posted: May 1, 2012 5:43:02 PM Ignore kzrooster Report Abuse hmm, not so good.
hussainktm Rookie Author Dallas Posts:71 Points:331,840 Joined:Feb 2011	Message Posted: May 1, 2012 5:42:40 PM Ignore hussainktm Report Abuse pussies