Bladestunner316
Puritan Board Doctor
Curious if anyone paying attention to banks in russia,china, and cuba dropping the dollar. As well as Iran is going to start using the euro. What do ye think of this?
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Financial collapse imminent?
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SmokingFlax
Puritan Board Sophomore
I saw an article today about the Cuban thing and was wondering what was up with that. I wasn't aware of the other nations as well.
Are they all adopting the Euro?
Are they all adopting the Euro?
Bladestunner316
Puritan Board Doctor
china is using gold now more. I think its mostly the euro that everyone is reverting to because its the one way to cause us to collpase and after the elections when there is possible chaos we could get a sneak attack by russia since apparantlly we had a hand in the chechan school thing.
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Abd_Yesua_alMasih
Puritan Board Junior
interesting attack theory 
our dollar dropped yesterday but that was uncontroled. It is expected to rise again back to 71 or 72 cents to the US dollar once more. Then again New Zealand doesnt have much of a say in the rest of the worlds economy.
our dollar dropped yesterday but that was uncontroled. It is expected to rise again back to 71 or 72 cents to the US dollar once more. Then again New Zealand doesnt have much of a say in the rest of the worlds economy.
Bladestunner316
Puritan Board Doctor
true but in our case we drop because were not being used at all. as opposed to being in a flux for a little bit.
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SmokingFlax
Puritan Board Sophomore
It probably means that you become a slave -property of the state.
Bladestunner316
Puritan Board Doctor
No we would change over to all credit(invisible money) or the euro. You would still pay your debt back it would be done under another currency that was not american.
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ChristianasJourney
Puritan Board Sophomore
The financial collapse has been imminent for the last 20 years...but it's exhausting to spend 20 years expecting an imminent financial collapse, I can think of much better ways to spend my time, and it tends to immobilize people from making financial decisions, so I now tend to have a more optimistic view of life.
A financial collapse will happen. Just like it has periodically happened in throughout this country's history. But WHEN it will happen is yet unseen. People expected it in the stock market crash of 1987. And then in the stock market "correction" a few years later, and in the dot com bust a few years ago. What I've learned is that analysts and commentators (spiritual, sports, financial or otherwise) don't have a clue about what's going to happen in the future. Only God knows what He has planned for tomorrow.
A financial collapse will happen. Just like it has periodically happened in throughout this country's history. But WHEN it will happen is yet unseen. People expected it in the stock market crash of 1987. And then in the stock market "correction" a few years later, and in the dot com bust a few years ago. What I've learned is that analysts and commentators (spiritual, sports, financial or otherwise) don't have a clue about what's going to happen in the future. Only God knows what He has planned for tomorrow.
Puritan Sailor
Puritan Board Doctor
I agree. People have been predicting this for years. I'm not going to lose any sleep over it. God will take care of us regardless of the value of the dollar.
JohnV
Puritan Board Post-Graduate
There's things you can do to prepare. Buy up generators and store up gasoline. You can hide all your money in your mattress. Stock up on non-perishables. Learn to garden, so that you can grow your own food. Etc. Etc.
Of course, it changes things when money itself becomes a perishable. It makes sleeping a bit uncomfortable when your mattress is stuffed with canned goods.
I think that it likely the collapse of the US regime that is at stake, not the currency. All empires fall, and the US empire will be no different. But don't worry, Canada is prepared to take over: we now have four submarines. Once we get them seaworthy we'll be all set to patrol the Northwest Passage, and control all economies that way.
Of course, it changes things when money itself becomes a perishable. It makes sleeping a bit uncomfortable when your mattress is stuffed with canned goods.
I think that it likely the collapse of the US regime that is at stake, not the currency. All empires fall, and the US empire will be no different. But don't worry, Canada is prepared to take over: we now have four submarines. Once we get them seaworthy we'll be all set to patrol the Northwest Passage, and control all economies that way.
Abd_Yesua_alMasih
Puritan Board Junior
I am quite sure New Zealand can help Canada out as a member of the Commonwealth with our no submarines, 2 or 3 frigates and no armed airforce to speak of.
Puritan Sailor
Puritan Board Doctor
We could always look to the Royal Mounties to enforce those UN peace keeping resolutions in Washington D.C. after the great collapse!
JonathanHunt
Puritan Board Senior
John my friend, Bush saw you coming a long way off, and he asked his friend Tony to sell you some good-looking but useless equipment...
And you bought it. Gulliable canucks!
:bigsmile:
JH
JohnV
Puritan Board Post-Graduate
That's right. When the buses stop running, and the Feds can't get around anymore, then we still have horses. Only problem is we have to retrain them all, because all they can do right now is walk and run in circles, and going in alternate criss-cross formation. That's OK if you've got someone cornered, but its hard to get him there that way.
Bladestunner316
Puritan Board Doctor
http://www.washingtontimes.com/national/20041028-122637-6257r.htm
If Russia has done this expect the planned air assualt by a joint Israel/US counter terrorist attack on Iran. We will more than likely see no US or coalition ground troops in Iran if any it would obvioselly be Special OPS.
If we do this we may very well see Russia air assualt our new missile defense system in Alaska. Than it would give them or NK a chance to send a nuclear warhead to the coalition fleet ammassing off SK which are there for scheduled naval exercises.
We should see China then let its troops defeat the Christian forces in Sudan
China Puts 700,000 Troops on Alert in Sudan
Aug. 27, 2000
NewsMax.com
In a stunning revelation, London's Sunday Telegraph is reporting in today's editions that China has as many as 700,000 troops in the Sudan and is preparing to enter that country's civil war.
According to the British paper, for the past three years China has been bringing Chinese nationals into the Sudan by cargo jets and boats.
Ostensibly, the Chinese were to serve as guards at oil fields and facilities controlled by the China National Petroleum Corporation.
The introduction of Chinese troops comes in the wake of the military success of the Sudan People's Liberation Army (SPLA) headed by Col. Johnny Garang.
Garang's forces, largely Christian, have been battling Sudan's Islamic regime which controls the country's oil region in the Upper Nile.
SPLA troops are reported to be just 10 miles from these oil fields.
The Islamic regime has made an emergency request that China crush the SPLA forces and end the country 17-year-old civil war.
Oil production began in Sudan just last year, and since then arms have been flowing in from Libya, Qatar and China.
The Telegraph cites an internal document from the Sudanese military indicating that "as many as 700,000 Chinese security personnel were available for action."
Baroness Caroline Cox, the leading human rights activist for Christians in Sudan, criticized Western governments for their complacency and complicity.
She said: "If with foreign help the NIF regime crushes all opposition we will have entrenched in the heart of Africa a militant Islamist regime aimed at spreading terrorism throughout the continent. It's unbelievably serious for the future of democracy in Africa and could happen in the next few weeks."
British companies, and Canada's Talisman Energy, have joined the Chinese to help develop its oil production facilities and pipelines.
Human rights activists have criticized Western governments for backing the militant Islamic regime in Khartoum, one that has killed civilians to clear areas for oil production.
Christian groups have also publicized the regime's use of slavery.
China's involvement in the ongoing civil war may prove to be the most unusual twist, and may represent the largest movement of one army into another country that went completely undetected by other nations.
A Western aid worker in southern Sudan told the Telegraph, "Everyone knows what is going on. We've all seen the Chinese being brought in and can only pray about what's going to happen next."
The use of Chinese "workers" as a military force may raise serious concerns about the growing number of Chinese illegals detected in Central America and the Caribbean.
Chinese influence in Panama which controls the Panama Canal has already raised serious warning froms military experts, including Adm. Thomas Moorer, former chairman of the Joint Chiefs of Staff.
Read Christopher Ruddy's special report on China's new air and sea base just 60 miles from Florida in the Bahamas. Click Here to Read Report
http://www.newsmax.com/articles/?a=2000/8/26/204458
Old Article but relevence if China sides with the 'extreme' muslims they have just in retrospect declared war on the Coalition.
China will have the oil fields there and Russia will have increased financial instability in the US if it indeed decides to use euros to buy oil Putin: Why Not Price Oil in Euros?
October 10, 2003
Author: Catherine Belton
Global Policy
President Vladimir Putin said Thursday Russia could switch its trade in oil from dollars to euros, a move that could have far-reaching repercussions for the global balance of power -- potentially hurting the U.S. dollar and economy and providing a massive boost to the euro zone.
"We do not rule out that it is possible. That would be interesting for our European partners," Putin said at a joint news conference with German Chancellor Gerhard Schroeder in the Urals town of Yekaterinburg, where the two leaders conducted two-day talks.
"But this does not depend solely on us. We do not want to hurt prices on the market," he said. "Putin's putting a big card on the table," said Youssef Ibrahim, managing director of the Strategic Energy Investment Group in Dubai and a member of the U.S. Council on Foreign Relations, an influential body of leading world thinkers thought to help set the United States' foreign policy agenda. "In the context of what is happening worldwide, this statement is very important," he said.
Putin's words come in the wake of a protracted drive by the EU to attract more countries' trade and currency reserves into euros, in a bid to chip away at U.S. hegemony over the global economy and money supply.
A move by Russia, as the world's second largest oil exporter, to trade oil in euros, could provoke a chain reaction among other oil producers currently mulling a switch and would further boost the euro's gradually growing share of global currency reserves. That would be a huge boon to the euro zone economy and potentially catastrophic for the United States.
Dollar-based global oil trade now gives the United States carte blanche to print dollars without sparking inflation -- to fund huge expenses on wars, military build-ups, and consumer spending, as well as cut taxes and run up huge trade deficits.
Almost two-thirds of the world's currency reserves are kept in dollars, since oil importers pay in dollars and oil exporters keep their reserves in the currency they are paid in. This effectively provides the U.S. economy with an interest-free loan, as these dollars can be invested back into the U.S. economy with zero currency risk.
If a Russian move to the euro were to prompt other oil producers to do the same, it could be a "catastrophe" for the United States, Ibrahim said. "There are already a number of countries within OPEC that would prefer to trade in euros." Iran, the world's No. 5 oil exporter, has also openly mulled a move into euros. And after the war in Iraq, there is growing debate in the United States' traditional ally Saudi Arabia on a switch too, though its government has not come down firmly on one side, Ibrahim said. "There is a revision going on of its strategic relationship with the United States.
Already, they're buying more [French-made] Airbuses," he said. "The Saudi Crown Prince [Abdullah Bin Abdul Aziz Al-Saud]'s visit to Russia was of great significance and the regime is talking about closer cooperation with LUKoil and other Russian companies." Under Saddam Hussein, Iraqi oil was traded in euros. "This was another reason [why the U.S. attacked]," Ibrahim said. "There is a great political dimension to this. Slowly more power and muscle is moving from the United States to the EU, and that's mainly because of what happened in Iraq," he said.
Putin had previously brought up the proposal to switch to euros as prime minister in October 1999, at a meeting of EU leaders in Helsinki. Then, in an attempt to forge a new bloc to counterbalance the United States, he made the proposal alongside calling for closer cooperation between Russia and the EU, including on security issues. Since then, however, Russia's ties with the United States have warmed considerably -- and it is unclear whether Putin would risk damaging that relationship by going ahead with the euro move, analysts said. "Putin is very much interested in changing the structure of OPEC and he cannot do that without the United States," said Alexander Rahr, an expert on Russia at the German Council on Foreign Relations. "He can only get a foothold for Russia in the Middle East with [U.S. help]. And, he wants to get contracts for the Russian oil industry in Iraq -- for this, too, he needs the United States."
Some analysts said that the statement appeared to be aimed at boosting Russia's global clout on the world stage. "Putin is trying to create a position for Russia as an independent player. But his aim is not to undermine relations [with the United States]. He just wants to boost Russia's position up from being a junior partner," said Dmitry Trenin, geopolitical analyst at the Carnegie Moscow Center. Yevgeny Gavrilenkov, chief economist at Troika Dialog and an earlier architect of the Putin government's first economic plan, said debate is growing on a move to the euro as Russia mulls siding with the EU. "Such an idea is really possible," he said. "Why not? More than half of Russia's oil trade is with Europe. But there will be great opposition to this from the United States." He said that while a switch would have no direct impact on the Russian economy, it would give a great boost to the euro zone.
Lukoil vice president Leonid Fedun said Thursday that he saw no problem in the euro switch and that payments for such transactions would be minimal, at just 0.08 percent. "There is no problem ... If the state decides to do this, then we will support this initiative. From the point of view of the economy, there's no difference," Interfax quoted him as saying.
But even Fedun could not help putting a political price tag on the move. "We are ready to move to the euro if the country will be included in a visa-free regime with Europe," he said. Rahr agreed that the timing of the statement seemed calculated to extract political concessions from the EU. "It's a bargaining chip," he said. Gavrilenkov suggested Putin was also angling for EU concessions on other issues discussed in Yekaterinburg, such as terms for Russia's WTO accession.
http://www.globalpolicy.org/socecon/crisis/2003/1010oilpriceeuro.htm
If this takes place it will increase the likely hood of a finacial collapse in the USA and inevitebly force us to join in on the EU, if we get defeated militarilly which is a likely scenario we will have to be helped out by the UN
here is an old quote from Henry kissinger which I think will have significance in the yet to be determined future according to man:
Henry Kissinger gave an address to the Bilderberger organization meeting at Evian,
France, on May 21, 1991. As transcribed from a tape recording made by one of the
Swiss delegates, he said:
"Today Americans would be outraged if U.N. troops entered Los Angeles to restore
order; tomorrow they will be grateful! This is especially true if they were told there was
an outside threat from beyond, whether real or promulgated, that threatened our very
existence. It is then that all peoples of the world will pledge with world leaders to
deliver them from this evil. The one thing every man fears is the unknown. When
presented with this scenario, individual rights will willingly be relinquished for the
guarantee of their well-being granted to them by their world government."
If Russia has done this expect the planned air assualt by a joint Israel/US counter terrorist attack on Iran. We will more than likely see no US or coalition ground troops in Iran if any it would obvioselly be Special OPS.
If we do this we may very well see Russia air assualt our new missile defense system in Alaska. Than it would give them or NK a chance to send a nuclear warhead to the coalition fleet ammassing off SK which are there for scheduled naval exercises.
We should see China then let its troops defeat the Christian forces in Sudan
China Puts 700,000 Troops on Alert in Sudan
Aug. 27, 2000
NewsMax.com
In a stunning revelation, London's Sunday Telegraph is reporting in today's editions that China has as many as 700,000 troops in the Sudan and is preparing to enter that country's civil war.
According to the British paper, for the past three years China has been bringing Chinese nationals into the Sudan by cargo jets and boats.
Ostensibly, the Chinese were to serve as guards at oil fields and facilities controlled by the China National Petroleum Corporation.
The introduction of Chinese troops comes in the wake of the military success of the Sudan People's Liberation Army (SPLA) headed by Col. Johnny Garang.
Garang's forces, largely Christian, have been battling Sudan's Islamic regime which controls the country's oil region in the Upper Nile.
SPLA troops are reported to be just 10 miles from these oil fields.
The Islamic regime has made an emergency request that China crush the SPLA forces and end the country 17-year-old civil war.
Oil production began in Sudan just last year, and since then arms have been flowing in from Libya, Qatar and China.
The Telegraph cites an internal document from the Sudanese military indicating that "as many as 700,000 Chinese security personnel were available for action."
Baroness Caroline Cox, the leading human rights activist for Christians in Sudan, criticized Western governments for their complacency and complicity.
She said: "If with foreign help the NIF regime crushes all opposition we will have entrenched in the heart of Africa a militant Islamist regime aimed at spreading terrorism throughout the continent. It's unbelievably serious for the future of democracy in Africa and could happen in the next few weeks."
British companies, and Canada's Talisman Energy, have joined the Chinese to help develop its oil production facilities and pipelines.
Human rights activists have criticized Western governments for backing the militant Islamic regime in Khartoum, one that has killed civilians to clear areas for oil production.
Christian groups have also publicized the regime's use of slavery.
China's involvement in the ongoing civil war may prove to be the most unusual twist, and may represent the largest movement of one army into another country that went completely undetected by other nations.
A Western aid worker in southern Sudan told the Telegraph, "Everyone knows what is going on. We've all seen the Chinese being brought in and can only pray about what's going to happen next."
The use of Chinese "workers" as a military force may raise serious concerns about the growing number of Chinese illegals detected in Central America and the Caribbean.
Chinese influence in Panama which controls the Panama Canal has already raised serious warning froms military experts, including Adm. Thomas Moorer, former chairman of the Joint Chiefs of Staff.
Read Christopher Ruddy's special report on China's new air and sea base just 60 miles from Florida in the Bahamas. Click Here to Read Report
http://www.newsmax.com/articles/?a=2000/8/26/204458
Old Article but relevence if China sides with the 'extreme' muslims they have just in retrospect declared war on the Coalition.
China will have the oil fields there and Russia will have increased financial instability in the US if it indeed decides to use euros to buy oil Putin: Why Not Price Oil in Euros?
October 10, 2003
Author: Catherine Belton
Global Policy
President Vladimir Putin said Thursday Russia could switch its trade in oil from dollars to euros, a move that could have far-reaching repercussions for the global balance of power -- potentially hurting the U.S. dollar and economy and providing a massive boost to the euro zone.
"We do not rule out that it is possible. That would be interesting for our European partners," Putin said at a joint news conference with German Chancellor Gerhard Schroeder in the Urals town of Yekaterinburg, where the two leaders conducted two-day talks.
"But this does not depend solely on us. We do not want to hurt prices on the market," he said. "Putin's putting a big card on the table," said Youssef Ibrahim, managing director of the Strategic Energy Investment Group in Dubai and a member of the U.S. Council on Foreign Relations, an influential body of leading world thinkers thought to help set the United States' foreign policy agenda. "In the context of what is happening worldwide, this statement is very important," he said.
Putin's words come in the wake of a protracted drive by the EU to attract more countries' trade and currency reserves into euros, in a bid to chip away at U.S. hegemony over the global economy and money supply.
A move by Russia, as the world's second largest oil exporter, to trade oil in euros, could provoke a chain reaction among other oil producers currently mulling a switch and would further boost the euro's gradually growing share of global currency reserves. That would be a huge boon to the euro zone economy and potentially catastrophic for the United States.
Dollar-based global oil trade now gives the United States carte blanche to print dollars without sparking inflation -- to fund huge expenses on wars, military build-ups, and consumer spending, as well as cut taxes and run up huge trade deficits.
Almost two-thirds of the world's currency reserves are kept in dollars, since oil importers pay in dollars and oil exporters keep their reserves in the currency they are paid in. This effectively provides the U.S. economy with an interest-free loan, as these dollars can be invested back into the U.S. economy with zero currency risk.
If a Russian move to the euro were to prompt other oil producers to do the same, it could be a "catastrophe" for the United States, Ibrahim said. "There are already a number of countries within OPEC that would prefer to trade in euros." Iran, the world's No. 5 oil exporter, has also openly mulled a move into euros. And after the war in Iraq, there is growing debate in the United States' traditional ally Saudi Arabia on a switch too, though its government has not come down firmly on one side, Ibrahim said. "There is a revision going on of its strategic relationship with the United States.
Already, they're buying more [French-made] Airbuses," he said. "The Saudi Crown Prince [Abdullah Bin Abdul Aziz Al-Saud]'s visit to Russia was of great significance and the regime is talking about closer cooperation with LUKoil and other Russian companies." Under Saddam Hussein, Iraqi oil was traded in euros. "This was another reason [why the U.S. attacked]," Ibrahim said. "There is a great political dimension to this. Slowly more power and muscle is moving from the United States to the EU, and that's mainly because of what happened in Iraq," he said.
Putin had previously brought up the proposal to switch to euros as prime minister in October 1999, at a meeting of EU leaders in Helsinki. Then, in an attempt to forge a new bloc to counterbalance the United States, he made the proposal alongside calling for closer cooperation between Russia and the EU, including on security issues. Since then, however, Russia's ties with the United States have warmed considerably -- and it is unclear whether Putin would risk damaging that relationship by going ahead with the euro move, analysts said. "Putin is very much interested in changing the structure of OPEC and he cannot do that without the United States," said Alexander Rahr, an expert on Russia at the German Council on Foreign Relations. "He can only get a foothold for Russia in the Middle East with [U.S. help]. And, he wants to get contracts for the Russian oil industry in Iraq -- for this, too, he needs the United States."
Some analysts said that the statement appeared to be aimed at boosting Russia's global clout on the world stage. "Putin is trying to create a position for Russia as an independent player. But his aim is not to undermine relations [with the United States]. He just wants to boost Russia's position up from being a junior partner," said Dmitry Trenin, geopolitical analyst at the Carnegie Moscow Center. Yevgeny Gavrilenkov, chief economist at Troika Dialog and an earlier architect of the Putin government's first economic plan, said debate is growing on a move to the euro as Russia mulls siding with the EU. "Such an idea is really possible," he said. "Why not? More than half of Russia's oil trade is with Europe. But there will be great opposition to this from the United States." He said that while a switch would have no direct impact on the Russian economy, it would give a great boost to the euro zone.
Lukoil vice president Leonid Fedun said Thursday that he saw no problem in the euro switch and that payments for such transactions would be minimal, at just 0.08 percent. "There is no problem ... If the state decides to do this, then we will support this initiative. From the point of view of the economy, there's no difference," Interfax quoted him as saying.
But even Fedun could not help putting a political price tag on the move. "We are ready to move to the euro if the country will be included in a visa-free regime with Europe," he said. Rahr agreed that the timing of the statement seemed calculated to extract political concessions from the EU. "It's a bargaining chip," he said. Gavrilenkov suggested Putin was also angling for EU concessions on other issues discussed in Yekaterinburg, such as terms for Russia's WTO accession.
http://www.globalpolicy.org/socecon/crisis/2003/1010oilpriceeuro.htm
If this takes place it will increase the likely hood of a finacial collapse in the USA and inevitebly force us to join in on the EU, if we get defeated militarilly which is a likely scenario we will have to be helped out by the UN
here is an old quote from Henry kissinger which I think will have significance in the yet to be determined future according to man:
Henry Kissinger gave an address to the Bilderberger organization meeting at Evian,
France, on May 21, 1991. As transcribed from a tape recording made by one of the
Swiss delegates, he said:
"Today Americans would be outraged if U.N. troops entered Los Angeles to restore
order; tomorrow they will be grateful! This is especially true if they were told there was
an outside threat from beyond, whether real or promulgated, that threatened our very
existence. It is then that all peoples of the world will pledge with world leaders to
deliver them from this evil. The one thing every man fears is the unknown. When
presented with this scenario, individual rights will willingly be relinquished for the
guarantee of their well-being granted to them by their world government."
SmokingFlax
Puritan Board Sophomore
The two John phrase is not bad...
Bladestunner316
Puritan Board Doctor
Yeah and Im sure General Ashcroft has plenty instore for good citizens
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Puritanhead
Puritan Board Professor
The end of the Dollar is at hand! Buy gold and silver before it's too late.
Puritan Sailor
Puritan Board Doctor
I'm not worried. It's actually a good thing that our dollar goes down once and a while. It makes our goods cheaper to buy internationally, which means more money for us, which means more jobs eventually.
WrittenFromUtopia
Puritan Board Graduate
Anyone here seen the movie Canadian Bacon? Hilarious.
Average Joey
Puritan Board Junior
Isn`t that a Michael Moore movie?
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