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U.S. dollar --What happens if Dollar is Replaced as world's currency ?
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<blockquote data-quote="island1fox" data-source="post: 816567" data-attributes="member: 4816"><p>Wkmac,</p><p>Thank you. Always a very thorough presentation of your thoughts.</p><p>I do not want to post "hearsay or rumers" but I have read an article that I must research further. It dealt with the subject you spoke about oil. The article stated that Russia and China have already replaced the dollar on the oil transactions between those two countries.</p><p>From this the additional meeting was held with the OPEC countries and Japan.</p><p>I have always looked at things in the "worst light" I obviously have more research work to do --but at this point I believe the collapse of the dollar will have long lasting ramifications on ALL American's.</p><p>I know we have "privacy laws in the U.S. but one has to wonder how much Gold,Silver,Copper, other precious metals the politicians have acquired.</p><p>I do not believe Harry Reid is a stupid person. When he was speaking on the Senate floor concerning Federal funding for the Nevada Cowboy Festival --of course all the right wing pundits made a joke out of it.</p><p>What was Harry really doing ?? Telling the American people that there really is no debt crisis --Like Michael Moore stated "There is plenty of money to go around" The question is whose ?? </p><p>What is behind the Huge purchase of Gold ?--that has doubled in value oover the past few years.</p><p>Are the rich ,powerful and politicians dumping their dollars ??? Someone besides Beck has been buying loads of it.<img src="/community/styles/default/xenforo/smilies/FeltTip/happy2.png" class="smilie" loading="lazy" alt=":happy2:" title="Happy2 :happy2:" data-shortname=":happy2:" /></p><p>Also need to research how "short term" is the debt that China holds ??</p></blockquote><p></p>
[QUOTE="island1fox, post: 816567, member: 4816"] Wkmac, Thank you. Always a very thorough presentation of your thoughts. I do not want to post "hearsay or rumers" but I have read an article that I must research further. It dealt with the subject you spoke about oil. The article stated that Russia and China have already replaced the dollar on the oil transactions between those two countries. From this the additional meeting was held with the OPEC countries and Japan. I have always looked at things in the "worst light" I obviously have more research work to do --but at this point I believe the collapse of the dollar will have long lasting ramifications on ALL American's. I know we have "privacy laws in the U.S. but one has to wonder how much Gold,Silver,Copper, other precious metals the politicians have acquired. I do not believe Harry Reid is a stupid person. When he was speaking on the Senate floor concerning Federal funding for the Nevada Cowboy Festival --of course all the right wing pundits made a joke out of it. What was Harry really doing ?? Telling the American people that there really is no debt crisis --Like Michael Moore stated "There is plenty of money to go around" The question is whose ?? What is behind the Huge purchase of Gold ?--that has doubled in value oover the past few years. Are the rich ,powerful and politicians dumping their dollars ??? Someone besides Beck has been buying loads of it.:happy2: Also need to research how "short term" is the debt that China holds ?? [/QUOTE]
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