No Time Left, Time To Move Away From The Dollar - page 2.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Beerwizzard on May 19, 2018, 02:50:56 PM

Quote from: stompix on May 19, 2018, 01:46:18 PM

Which led to nowhere...
RMB’s share as a world payments currency, 2012-February 2018:

1.5% of the world payments is still a good number. Ofc they are far from taking the leadership (and they probably won't) but anyway

It's a good number if it would have been growing from 1%, unfortunately from them is going down from 2.5%

Quote from: Beerwizzard on May 19, 2018, 02:50:56 PM

Quote from: stompix on May 19, 2018, 01:46:18 PM

Yeah, Russia getting oil from Iran is one hell of a move...

By the way they are thinking about using cryptocurrencies to avoid sanctions. link
But in this case a new crypto that they issue (they probably won't use the already established ones) may turn up with another cancerous thing to the whole crypto market and even make more people think that cryptos are used for shady activities.
Anyway imho I don't think that something else (crypto or fiat) will overtake USD.

You missed the main reason why I was laughing at that thought.
Russia buying OIL from Iran sounds like Greenland importing ice.

Besides that, how do they avoid sanctions with crypto? What is the difference between using crypto and fiat?
Nobody is stopping the Russian government to pay rubles to the Iran government.
Sanctions don't work like that.

Quote from: kajin on May 19, 2018, 02:35:02 PM

No one has the timeline for sure. Calls for doomsday have been made since the 2008 financial crisis. But we do see it coming miles away. and It will happen. Within the next five years, imo. One thing is for sure, it's a bigger bubble and we can't really have negative interest rates this time around to reinflate that bubble.

Reading your post I wondered how old was the first prophecy about the death of the dollar on this forum.
Not going to link it to avoid some moron bumping that thread but it's:

Quote

Jintao: dollar-denominated international currency system "product of the past"
January 16, 2011

7 years later and the dollar is still king...

clip123

member

Activity: 193

Merit: 10

Quote from: Hydrogen on May 13, 2018, 07:37:03 PM

Quote

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.

Bolded: If I remember right, the united states and european union imposed sanctions against russia and banned them from the SWIFT financial network. The only option available to russia (and nations under sanctions) was to find ways to become more independent and operate outside SWIFT utilizing financial networks which are denominated in something other than the US dollar. In a way, one might say that russia was banned from using the dollar under sanctions, and so they sought alternatives which is a bit different from blaming Putin for everything.

The major push for abandoning the us dollar comes from china btw. Over the last year china has moved to denominate its oil transactions in the yuan (china's native currency). China has leveraged its political and economic influence towards forcing saudi arabia and russia to likewise sell china oil in their native yuan currency. I don't know how Vladimir Putin deserves the blame for any of this but alas he looks innocent here.

I think may's US economic metrics will be critical in determining whether we'll soon see a recession as well as how severe it may be. Its nice to think that "only corporations will go down with the ship" if another crisis happens. The sad truth is it would have a negative effect on everyone.

What sources you use? fake media will never talk about this until it is too late

Beerwizzard

full member

Activity: 924

Merit: 148

Quote from: stompix on May 19, 2018, 01:46:18 PM

Which led to nowhere...
RMB’s share as a world payments currency, 2012-February 2018:

1.5% of the world payments is still a good number. Ofc they are far from taking the leadership (and they probably won't) but anyway

Quote from: stompix on May 19, 2018, 01:46:18 PM

Yeah, Russia getting oil from Iran is one hell of a move...

By the way they are thinking about using cryptocurrencies to avoid sanctions. link
But in this case a new crypto that they issue (they probably won't use the already established ones) may turn up with another cancerous thing to the whole crypto market and even make more people think that cryptos are used for shady activities.
Anyway imho I don't think that something else (crypto or fiat) will overtake USD.

hualangktsld841

sr. member

Activity: 448

Merit: 250

Most economists share the same view that the value of USD will decrease in the future. This is, of course, related to the contraction policy of the United States in recent years. I think the world economy is getting worse and worse. It is hard for most people to hope that there will be no economic crisis.

jvdp

hero member

Activity: 1148

Merit: 523

CryptoTalk.Org - Get Paid for every Post!

Quote from: aso118 on May 19, 2018, 02:32:23 PM

The US Dollar may be on the decline, but nobody can say whether it has a few months, years, or decades before it collapses. Right now, the increase in interest rates is making it attractive for global investors who are buying US bonds. The USD has appreciated in value against most global currencies over the past few months.

Until world power under the control on US dollars you cannot get the world countries treated well mate. Please invest you fund on bitcoin and alts with in 5 years you will be find the usage of dollars in some months. Russia and Japan really fighting with US to get rid of from the US dollar usage.

I have heard few months back, after Russia election Vladimir Putin said that Russian government gonna start accept the bitcoin and alts in June month. May be next month we may find the btc rate will be spike up.

kajin

newbie

Activity: 45

Merit: 0

Quote from: aso118 on May 19, 2018, 02:32:23 PM

The US Dollar may be on the decline, but nobody can say whether it has a few months, years, or decades before it collapses. Right now, the increase in interest rates is making it attractive for global investors who are buying US bonds. The USD has appreciated in value against most global currencies over the past few months.

No one has the timeline for sure. Calls for doomsday have been made since the 2008 financial crisis. But we do see it coming miles away. and It will happen. Within the next five years, imo. One thing is for sure, it's a bigger bubble and we can't really have negative interest rates this time around to reinflate that bubble.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

The US Dollar may be on the decline, but nobody can say whether it has a few months, years, or decades before it collapses. Right now, the increase in interest rates is making it attractive for global investors who are buying US bonds. The USD has appreciated in value against most global currencies over the past few months.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Hydrogen on May 13, 2018, 07:37:03 PM

Quote

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.

Bolded: If I remember right, the united states and european union imposed sanctions against russia and banned them from the SWIFT financial network. The only option available to russia (and nations under sanctions) was to find ways to become more independent and operate outside SWIFT utilizing financial networks which are denominated in something other than the US dollar. In a way, one might say that russia was banned from using the dollar under sanctions, and so they sought alternatives which is a bit different from blaming Putin for everything.

No, it never happened.
Second, SWIFT is not about the US dollar, as the company has been founded in Belgium.
It's all about access to the network, I doubt transactions between banks in Australia and Japan are happening in $.

Quote from: Hydrogen on May 13, 2018, 07:37:03 PM

The major push for abandoning the us dollar comes from china btw. Over the last year china has moved to denominate its oil transactions in the yuan (china's native currency). China has leveraged its political and economic influence towards forcing saudi arabia and russia to likewise sell china oil in their native yuan currency. I don't know how Vladimir Putin deserves the blame for any of this but alas he looks innocent here.

Which led to nowhere...
RMB’s share as a world payments currency, 2012-February 2018:

Quote from: ladydark on May 13, 2018, 07:54:30 PM

China and Russia have been trying to avoid USD for years and now,i think that they have succeeded by getting crude oil from Iran with their own currencies.Tgey are even trying to add some more countries in their group in the war against USD.

Yeah, Russia getting oil from Iran is one hell of a move...

Quote from: DooMAD on May 14, 2018, 07:29:39 AM

Not just them, but all the BRICS nations are hedging against USD and have effectively launched a rival to the World Bank, emphasising trade in local currencies. There was also talk of having their own BRICS cryptocurrency, but I'm not sure if any steps have been taken to implement the idea yet.

It's not BRICS, it's more like C alone, the other four are in such a mess nobody is taking them seriously.
Brazil? The capital of corruption and murders? Russia, the biggest country on earth with huge reserves of everything valuable and the GDP of Netherlands? South Africa, racing 1000 miles an hour to catch Venezuela ?

Nichao

newbie

Activity: 99

Merit: 0

Looks like there can be the end of US totally controlled USD market. If countries start trading without USD, it is much harder to control them (sanctions etc), but i think in the nearest months everything can change.. Trump has not much time.

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

The world seems to be dividing into groups with similar interests. For instance you can see how USA is working closely with Israel and against Muslim countries like Iran and Syria, Japan seems to be allying with Korea, while China with Russia. At the same time we have a tense situation between the EU and Russia. I think that we're inevitably walking towards an armed conflict.

FrueGreads

legendary

Activity: 1582

Merit: 1059

I don't think Russia is an example to anyone, specially with all the conflicts they are having because of Putin re-election that some say it's not very transparent. Let's not forget that Russia is facing sanctions from US and the European Union, so it's perfectly natural that he want's to oppose and generate fud over other major currencies. Not saying the dollar is in good shape because we all know it's not, and we might actually see a recession coming up.

Anyway I do hope that if people actually start leaving the dollar, they start going into bitcoin, and not a centralized currency of a most likely corrupt government.

allthingsluxury

legendary

Activity: 1540

Merit: 1029

In the end, the Dollar will go the way of all other fiat currencies before it, and find its true intrinsic value. Zero.

DooMAD

legendary

Activity: 3724

Merit: 3063

Leave no FUD unchallenged

Quote from: ladydark on May 13, 2018, 07:54:30 PM

China and Russia have been trying to avoid USD for years and now

Not just them, but all the BRICS nations are hedging against USD and have effectively launched a rival to the World Bank, emphasising trade in local currencies. There was also talk of having their own BRICS cryptocurrency, but I'm not sure if any steps have been taken to implement the idea yet.

ladydark

hero member

Activity: 686

Merit: 500

China and Russia have been trying to avoid USD for years and now,i think that they have succeeded by getting crude oil from Iran with their own currencies.Tgey are even trying to add some more countries in their group in the war against USD.

Hydrogen

legendary

Activity: 2562

Merit: 1441

Quote

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.

Bolded: If I remember right, the united states and european union imposed sanctions against russia and banned them from the SWIFT financial network. The only option available to russia (and nations under sanctions) was to find ways to become more independent and operate outside SWIFT utilizing financial networks which are denominated in something other than the US dollar. In a way, one might say that russia was banned from using the dollar under sanctions, and so they sought alternatives which is a bit different from blaming Putin for everything.

The major push for abandoning the us dollar comes from china btw. Over the last year china has moved to denominate its oil transactions in the yuan (china's native currency). China has leveraged its political and economic influence towards forcing saudi arabia and russia to likewise sell china oil in their native yuan currency. I don't know how Vladimir Putin deserves the blame for any of this but alas he looks innocent here.

I think may's US economic metrics will be critical in determining whether we'll soon see a recession as well as how severe it may be. Its nice to think that "only corporations will go down with the ship" if another crisis happens. The sad truth is it would have a negative effect on everyone.

allthingsluxury

legendary

Activity: 1540

Merit: 1029

As interest rise the emerging markets are being demolished. The bonds that Argentina issued are worthless and they are looking to get a bailout from the IMF.

Hedge fund investors are now shorting the market, plus they are saying many corporations are going down with the ship.

Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.

Click here to watch this video and to read more:

https://goldsilverliberty.blogspot.com/2018/05/no-time-left-time-to-move-away-from.html

Topic: No Time Left, Time To Move Away From The Dollar - page 2. (Read 337 times)