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Discussion Starter #1 (Edited)
http://www.truveo.com/CNBC-Interview-with-Stephen-Previs-about-the-Amero/id/2899086217





7 Countries Considering Abandoning the US Dollar (and what it means)
By Jessica Hupp

It�s no secret that the dollar is on a downward spiral. Its value is dropping, and the Fed isn�t doing a whole lot to change that. As a result, a number of countries are considering a shift away from the dollar to preserve their assets. These are seven of the countries currently considering a move from the dollar, and how they�ll have an effect on its value and the US economy.
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1. Saudi Arabia: The Telegraph reports that for the first time, Saudi Arabia has refused to cut interest rates along with the US Federal Reserve. This is seen as a signal that a break from the dollar currency peg is imminent. The kingdom is taking �appropriate measures� to protect itself from letting the dollar cause problems for their own economy. They�re concerned about the threat of inflation and don�t want to deal with �recessionary conditions� in the US. Hans Redeker of BNP Paribas believes this creates a �very dangerous situation for the dollar,� as Saudi Arabia alone has management of $800 billion. Experts fear that a break from the dollar in Saudi Arabia could set off a �stampede� from the dollar in the Middle East, a region that manages $3,500 billion.

2. South Korea: In 2005, Korea announced its intention to shift its investments to currencies of countries other than the US. Although they�re simply making plans to diversify for the future, that doesn�t mean a large dollar drop isn�t in the works. There are whispers that the Bank of Korea is planning on selling $1 billion US bonds in the near future, after a $100 million sale this past August.

3. China: After already dropping the dollar peg in 2005, China has more trouble up its sleeve. Currently, China is threatening a �nuclear option� of huge dollar liquidation in response to possible trade sanctions intended to force a yuan revaluation. Although China �doesn�t want any undesirable phenomenon in the global financial order,� their large sum of US dollars does serve as a �bargaining chip.� As we�ve noted in the past, China has the power to take the wind out of the dollar.

4. Venezuela: Venezuela holds little loyalty to the dollar. In fact, they�ve shown overt disapproval, choosing to establish barter deals for oil. These barter deals, established under Hugo Chavez, allow Venezuela to trade oil with 12 Latin American countries and Cuba without using the dollar, shorting the US its usual subsidy. Chavez is not shy about this decision, and has publicly encouraged others to adopt similar arrangements. In 2000, Chavez recommended to OPEC that they �take advantage of high-tech electronic barter and bi-lateral exchanges of its oil with its developing country customers,� or in other words, stop using the dollar, or even the euro, for oil transactions. In September, Chavez instructed Venezuela�s state oil company Petroleos de Venezuela SA to change its dollar investments to euros and other currencies in order to mitigate risk.

5 Sudan: Sudan is, once again, planning to convert its dollar holdings to the euro and other currencies. Additionally, they�ve recommended to commercial banks, government departments, and private businesses to do the same. In 1997, the Central Bank of Sudan made a similar recommendation in reaction to US sactions from former President Clinton, but the implementation failed. This time around, 31 Sudanese companies have become subject to sanctions, preventing them from doing trade or financial transactions with the US. Officially, the sanctions are reported to have little effect, but there are indications that the economy is suffering due to these restrictions. A decision to move Sudan away from the dollar is intended to allow the country to work around these sanctions as well as any implemented in the future. However, a Khartoum committee recently concluded that proposals for a reduced dependence on the dollar are �not feasible.� Regardless, it is clear that Sudan�s intent is to attempt a break from the dollar in the future.

6. Iran: Iran is perhaps the most likely candidate for an imminent abandonment of the dollar. Recently, Iran requested that its shipments to Japan be traded for yen instead of dollars. Further, Iran has plans in the works to create an open commodity exchange called the Iran Oil Bourse. This exchange would make it possible to trade oil and gas in non-dollar currencies, the euro in particular. Athough the oil bourse has missed at least three of its announced opening dates, it serves to make clear Iran�s intentions for the dollar. As of October 2007, Iran receives non-dollar currencies for 85% of its oil exports, and has plans to move the remaining 15% to currencies like the United Arab Emirates dirham.

7. Russia: Iran is not alone in its desire to establish an alternative to trading oil and other commodities in dollars. In 2006, Russian President Vladmir Putin expressed interest in establishing a Russian stock exchange which would allow �oil, gas, and other goods to be paid for in Roubles.� Russia�s intentions are no secret�in the past, they�ve made it clear that they�re wary of holding too many dollar reserves. In 2004, Russian central bank First Deputy Chairmain Alexei Ulyukayev remarked, �Most of our reserves are in dollars, and that�s a cause for concern.� He went on to explain that, after considering the dollar�s rate against the euro, Russia is �discussing the possibility of changing the reserve structure.� Then in 2005, Russia put an end to its dollar peg, opting instead to move towards a euro alignment. They�ve discussed pricing oil in euros, a move that could provide a large shift away from the dollar and towards the euro, as Russia is the world�s second-largest oil exporter.

What does this all mean?

Countries are growing weary of losing money on the falling dollar. Many of them want to protect their financial interests, and a number of them want to end the US oversight that comes with using the dollar. Although it�s not clear how many of these countries will actually follow through on an abandonment of the dollar, it is clear that its status as a world currency is in trouble.

Obviously, an abandonment of the dollar is bad news for the currency. Simply put, as demand lessens, its value drops. Additionally, the revenue generated from the use of the dollar will be sorely missed if it�s lost. The dollar�s status as a cheaply-produced US export is a vital part of our economy. Losing this status could rock the financial lives of both Americans and the worldwide economy.
The "Sorcha Faal - $800 Billion Ameros to China" story is bogus.
 

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I watched like fives seconds of the first vid, before I go back. NO, NONIONONNONonononnononononononononono NO. Nafta already shanked us plenty hard.
 

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Hasn't this already been de-bunked?
Oh, right, it has;
http://www.snopes.com/politics/immigration/nau.asp

The internet is a jokesters dream isn't it?

Even dip**** Glenn Beck is starting to wake up to this.. He's finally giving Ron Paul some credit where credit is due and now this.. GLENN is actually beginning to open his eyes.. Why does most of America choose to be so frigging ignorant and remain in denial??

 

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Discussion Starter #9
This kind of ignorance is exactly WHY this country is in such a mess..
Some people have difficulty adding 2 and 2. Hmm lets see...

NAFTA + wide open southern border + the "super highway" + State Resolutions opposing it + devaluation of the dollar + destroyed manufacturing base + Security and Prosperity Partnership (for US, Canada and Mexico) ( http://www.spp.gov/ ) (created in relative secrecy with no oversight) + The KCSmartPort ( To date, the Kansas City Council has voted a $2.5 million loan to KC SmartPort to build the Mexican customs facility in the West Bottoms near Kemper Arena on city-owned land east of Liberty Street and mostly south of Interstate 670.) ( http://www.kcsmartport.com/sec_news/media/articles/kcstar_101405.htm ) and (An e-mail written June 21, 2004, by Chris Gutierrez, the president of the KC SmartPort, stated that the Mexican customs office space "would need to be designated as Mexican sovereign territory and meet certain requirements.") + Mexican Customs Office in KC, MO (payed for by Kansas City taxpayers) + The US/Canada Military agreement = GO BACK TO SLEEP...NOTHING TO SEE HERE....



Referring to the SPP joint declaration, the report, entitled "Building a North American Community," stated:

The Task Force is pleased to provide specific advice on how the partnership can be pursued and realized.

To that end, the Task Force proposes the creation by 2010 of a North American community to enhance security, prosperity, and opportunity. We propose a community based on the principle affirmed in the March 2005 Joint Statement of the three leaders that "our security and prosperity are mutually dependent and complementary." Its boundaries will be defined by a common external tariff and an outer security perimeter within which the movement of people, products, and capital will be legal, orderly, and safe. Its goal will be to guarantee a free, secure, just, and prosperous North America.
 

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+1 on the snope comment. That is just not the place to go unless you're looking for a recipe for jam or something.
 
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Wasn't there a thread not too long ago that declared the NAU as dead, which, IIRC, Chibbers agreed with. So what has resurrected the NAU?

Ford Prefect said:
Simply because you are too ignorant to open your eyes to it, it should be in the tinfoil hat section? I posted a main stream media video of Glenn Beck talking about it... This kind of ignorance is exactly WHY this country is in such a mess.. OPEN YOUR EYES!!!!
Yes, ranting and ad hominem attacks are excellent support for your contention.:rolleyes: It is exactly this attitude that causes the general public to shun survivalists as paranoid freaks.

Even Ioninc does a better job with his theories than any of the NAU believers.
 

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Discussion Starter #12
Wasn't there a thread not too long ago that declared the NAU as dead, which, IIRC, Chibbers agreed with. So what has resurrected the NAU?

Even Ioninc does a better job with his theories than any of the NAU believers.
I agreed that the NAU (which wasn't supposed to exist in the first place) was declared dead. All that really means is "change of strategy". All its infrastructure is still in place and moving forward.

I guess we'll have to get Ioninc in here to explain the NAU then.
 

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ya i rember them talking about it in canada the politions almost had people comeing up there to beat them silly same thing when they were talking about removeing the border between canada and the us people didnt want to do that just easup on restritions on people going across

they can try to get an emro going but they would be liniched out of their job real fast..

i still see in the news every so often that the us blames canada for stuff like the black out o must of been canada but then they trace it to a switch box in the us also i rember them talking about how terrorists are crossing the border from canada to the us because its easyer.. but ask your self something.. if they cross the border that means they went through the same process as everyone else crossing or flying into the us.. silly isnt it..
 

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"Watch. Wait. Be Ready."


That still cracks me up.. You should change it to "wait', because you're not watching SQUAT, and if you can't see it coming, there's no way in hell you're going to be ready..
 

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For those of us who are awake,now is the time to educate others who are willing to learn, but graciously leave those who wont listen. I have said it before,How many Jews were not prepared in world war two,or took the warnings of their fellow comrades?
the ostrich in the sand trick is over,and us Aussies arent far behind you all.
the fat lady sung last week.
 

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"Watch. Wait. Be Ready."


That still cracks me up.. You should change it to "wait', because you're not watching SQUAT, and if you can't see it coming, there's no way in hell you're going to be ready..
This is the second thread where you have implied that I simply cannot be a survivalist because I do not buy into a conspiracy theory.

I am curious... what conspiracy theories must I subscribe to be a real survivalist?

9/11 Inside Job?
NAU?
Roswell UFO crash?
Apollo Moon Landing Faked?
Japan tricked into attacking Pearl Harbor by FDR?
Oswald did not act alone?
Superbowl XL was fixed? (This one is actually true:taped:)
Other?

Where do you draw the line, as the Unquestionable Supreme Authority on True Survivalists?

Are the other members of this forum who also do not believe these conspiracy theories also doomed?

If I suddenly proclaimed belief in your tinfoil hattiness, would I then suddenly transform into a True Survivalist?

Are you one of those, that if I came across your BOL, would shout out "9/11, Inside Job?" and then plug me if I called it BS?
 
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