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R.I.P. $Dollar BRICS create Open Anti Dollar Alliance

R.I.P. $Dollar$ – BRICS create Open Anti Dollar Alliance
July 4th, 2014

The BRICS group of Nations led by RUSSIA has openly announced the abandonment of the US $ in trade between themselves as well as the creation of settlement mechanisms that completely bypass the $. This is the BIGGEST nail in the coffin of the US $ as World Reserve Currency. Expect Inflation in the US to start gathering speed in the second half of the year, and the possible launching of a major war. This has the potential to push the US to 2nd world status (like Poland) and eventual 3rd world.

Read more at http://investmentwatchblog.com/r-i-p-dollar-brics-create-ope...

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Cyril's picture

Related : Dollar Hegemony vs. Crumbling Pillars of Support

Related : "Dollar Hegemony vs. Crumbling Pillars of Support"


http://youtu.be/AVv9_KARtj4

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Logical entailment

Well, folks, as Colorado Sean pointed out in that other thread, it does seem the signs are becoming ever more tangible we're definitely all screwed. To which extent each, exactly? "Only God knows."

Anyway, I can the see signs themselves are going to be increasingly difficult to disguise or hide anyhow, be it at always lower I.Q. levels of the most apathetic masses.

Further, it does seem also that "the wall of reckoning" (we'll have the grandiose honor to hit with "panache", esp. in the US) is now approaching with a positive acceleration.

The only logical entailment I can come up with, considering past data points:

expect from our dear ruling demagogues more crisis creation, exploitation, and management at an ever increasing pace - until the Grande Finale. "God knows when."

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Everyone talks about it in dollars

Is it a dollar denominated reserve? If so then its just more of the same for the worlds reserve currency.

No Dollars

Not a single American dollar denominated contract will be involved in any of this BRICS Bank work.

If you're interested in more info, check out some of Jim Willie's work reporting about this. (I'm certain Gerald Celente, Paul Craig Roberts et. al. will start talking about this big event as well.)

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

reference for that

"Each country would hold the amount in their own reserves. In the event of a crisis, the pool would be used to buy up the unlucky country's local currency to staunch the outflow of capital."
http://www.themoscowtimes.com/business/article/faced-with-we...

BRIC House

BRIC

1 Brazilian Real is worth about 45 US cents.

http://coinmill.com/BRL_USD.html#BRL=1

1 Russian Ruble is worth almost 3 US cents.

http://coinmill.com/RUB_USD.html#RUB=1

1 Indian Rupee is worth about 2 US pennies.

http://coinmill.com/INR_USD.html#INR=1

1 Chinese Yuan is worth about 16 US cents.

http://coinmill.com/CNY_USD.html#CNY=1

All together the currencies of Brazil, Russia, India, and China equal about 66 cents.

68% of the BRIC comes from Brazil.

Now be honest...

If you were a gambling kind of guy, who would you bet on?

The USD or the BRIC House?


http://youtu.be/cdVVLbe1rfY

Never be afraid to ask simple questions.

What's the dollar worth

What's the dollar worth compared to anything nowadays? Every day you wake up, is another day the money sitting in your wallet is headed towards zero value. The dollar is being destroyed and the BRICS cannot be blamed, no matter what any idiot in Texas claims in any near-term Presidential campaigns.

USD

And according to our own government the USD is worth about 4 cents.

Cyril's picture

I suspect it's already closer down to 3, by now.

I suspect it's already closer down to 3, by now.

:/

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Kind of a simple mindless

Kind of a simple mindless analogy if you ask me. Here at the Daily Paul we don not consist of the simple mind people like those of which you would see as the general MSM audience. You need to try your simple minded logic at another website as it would just simply not work here.

It is better to look dumb and not be, than to look smart and not be.

You need a beer.

You need a beer.

Never be afraid to ask simple questions.

Wow, turns out that when I

Wow, turns out that when I made that comment I had a beer in my hand. LOL

It is better to look dumb and not be, than to look smart and not be.

IMF, World Bank

For sure, it's RIP IMF & World Bank for a start due to the BRICS Bank.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71