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The Media Won't Touch This Story About The End Of The US Dollar

Business Insider -- Over the past few years China and other emerging powers such as Russia have been quietly making agreements to move away from the US dollar in international trade. Several major oil-producing nations have begun selling oil in currencies other than the dollar, and both the United Nations and the International Monetary Fund (IMF) have issued reports arguing for the need to create a new global reserve currency independent of the dollar.

The supremacy of the dollar is not nearly as solid as most Americans believe it to be. More generally, the United States is not the global superpower it once was. These trends are very much connected, as demonstrated by the world's response to US sanctions against Iran.

Millions of barrels of Iranian oil that were in storage in Iranian tankers a few weeks ago

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Submitted May 01, 2012 By: dhdiesel

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hamdriver Champion Author Lansing Posts:3,479 Points:1,378,375 Joined:Feb 2008	Message Posted: May 1, 2012 11:27:23 PM Ignore hamdriver Report Abuse That sucks
judgemobile Champion Author Ohio Posts:7,570 Points:2,445,135 Joined:Nov 2005	Message Posted: May 1, 2012 11:24:55 PM Ignore judgemobile Report Abuse The same "follow the socialist" media also was ORDERED to not report the SECOND DOWNGRADE of USA credit in early April, 2012. Remember the FURY when the first downgrade was reported in July, 2011 ? Bummer ORDERED them not to report the second downgrade because THE PUBLIC MIGHT BECOME CONFUSED AND ALARMED (meaning they may not vote for the commie in November.
hotrod_brother Champion Author Tampa Posts:12,606 Points:2,232,195 Joined:Oct 2006	Message Posted: May 1, 2012 11:24:09 PM Ignore hotrod_brother Report Abuse This is what all you people that voted for "change" got you...a few pennies of "change" for your dollar.
shores4now Champion Author Kentucky Posts:2,411 Points:524,775 Joined:Jul 2009	Message Posted: May 1, 2012 11:23:17 PM Ignore shores4now Report Abuse Hmmmmmmmm
9C1 Champion Author Chicago Posts:22,859 Points:4,246,585 Joined:Jul 2001	Message Posted: May 1, 2012 11:22:26 PM Ignore 9C1 Report Abuse The right has won.
umitb Champion Author Indianapolis Posts:3,681 Points:844,415 Joined:Apr 2010	Message Posted: May 1, 2012 11:22:21 PM Ignore umitb Report Abuse ok
jkpsr Champion Author New Jersey Posts:4,084 Points:1,102,880 Joined:Jun 2005	Message Posted: May 1, 2012 11:21:40 PM Ignore jkpsr Report Abuse A weaker dollar will help us export.
quasar502 Champion Author Lansing Posts:3,583 Points:801,350 Joined:Jan 2011	Message Posted: May 1, 2012 11:20:01 PM Ignore quasar502 Report Abuse Inevitable.
jetskijerry Champion Author North Carolina Posts:3,901 Points:773,245 Joined:Mar 2011	Message Posted: May 1, 2012 11:17:49 PM Ignore jetskijerry Report Abuse My money is officially worthless.
northeast2 Champion Author New York Posts:3,849 Points:1,007,200 Joined:Mar 2008	Message Posted: May 1, 2012 11:16:14 PM Ignore northeast2 Report Abuse The comments underneath the article are hilarious. The "tin hat" crowd. Black UN helicopters. The Trilateral Commission.
crreed1 Champion Author West Virginia Posts:1,990 Points:2,527,310 Joined:May 2005	Message Posted: May 1, 2012 11:14:32 PM Ignore crreed1 Report Abuse save your gold
Vette1967 Champion Author Albany Posts:5,972 Points:1,276,975 Joined:Jun 2009	Message Posted: May 1, 2012 11:14:16 PM Ignore Vette1967 Report Abuse How did we sink so low?
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: May 1, 2012 11:13:44 PM Ignore tedjm1 Report Abuse And the US put itself into this sitution. Our great intelligent legislators.
TheeRedRam Champion Author Hartford Posts:3,168 Points:673,610 Joined:Jun 2011	Message Posted: May 1, 2012 11:13:37 PM Ignore TheeRedRam Report Abuse Hummmmmm Bar Code on head Hmmmmmm.
Badjef Champion Author Florida Posts:4,045 Points:817,840 Joined:Jan 2011	Message Posted: May 1, 2012 11:12:52 PM Ignore Badjef Report Abuse Then, the liberals have won.
yakstar Champion Author Montreal Posts:2,420 Points:479,645 Joined:Jan 2012	Message Posted: May 1, 2012 11:12:46 PM Ignore yakstar Report Abuse fear mongering...
mfeldstein Champion Author Ottawa Posts:8,176 Points:1,931,455 Joined:Feb 2007	Message Posted: May 1, 2012 11:12:05 PM Ignore mfeldstein Report Abuse I've read several articles on this topic. Technology is changing everything, without exception.
Z51Corvette Champion Author Austin Posts:8,485 Points:1,671,170 Joined:Jan 2008	Message Posted: May 1, 2012 11:11:22 PM Ignore Z51Corvette Report Abuse Watch out for the IMF!!! And the U.N. Seriously folks!
Bigwaynef Champion Author South Carolina Posts:11,480 Points:2,081,735 Joined:Dec 2006	Message Posted: May 1, 2012 11:11:17 PM Ignore Bigwaynef Report Abuse Well there goes our promised change...
geminijax Champion Author Jacksonville Posts:16,826 Points:2,727,300 Joined:Aug 2005	Message Posted: May 1, 2012 11:10:42 PM Ignore geminijax Report Abuse The ONLY reason the USD isn't toast yet is because of the lack of a viable alternative. If the Euro countries hadn't been in so much trouble, the USD would already have been in deep trouble. The supply of dollars has more than tripled since Comrade Obama took office. More supply leads to lower prices. Countries are looking to other alternatives such as the Swiss franc and currencies that are "backed by" natural resources, such as the Canadian dollar, the Aussie dollar, etc. Give it another year or two. By 2013-2015, the effects of the declining USD will be felt heavily by the masses in the US.
DEG Champion Author Las Vegas Posts:17,625 Points:3,495,680 Joined:Jul 2003	Message Posted: May 1, 2012 11:09:26 PM Ignore DEG Report Abuse No thanks to the Feds and politicians of both parties that stole tons of $$$ from the US middle class and bailed out companies and countries that should have gone through bankruptcy. Obama is one of the biggest offenders as well as Bernanke and his predecessor.
joel27nc Champion Author Raleigh Posts:10,537 Points:1,858,370 Joined:Mar 2008	Message Posted: May 1, 2012 11:07:58 PM Ignore joel27nc Report Abuse Who thinks it's solid?
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: May 1, 2012 11:07:51 PM Ignore regout Report Abuse It will happen one of these days.
rawdog1313 Champion Author Lexington Posts:3,304 Points:1,643,780 Joined:May 2008	Message Posted: May 1, 2012 11:06:48 PM Ignore rawdog1313 Report Abuse Wow......
AKmailman Champion Author Alaska Posts:5,633 Points:1,558,315 Joined:Jul 2004	Message Posted: May 1, 2012 11:06:07 PM Ignore AKmailman Report Abuse sound like BS to me - neither china nor russsia have a currency that's traded on the open market 10 barrels = one SAM one tanker = one suitcase nuke
Bonito Champion Author Dayton Posts:15,754 Points:3,007,895 Joined:Jun 2004	Message Posted: May 1, 2012 11:05:48 PM Ignore Bonito Report Abuse Then I don't think they will touch the story that we sold our country to others or that the country is on its way to become a 3rd world player! America must pull together to make America great again! That include the RICH MONEY GRABERS! WE ALL MUST JOIN TOGETHER!
southrob Champion Author Tucson Posts:3,600 Points:688,175 Joined:Mar 2011	Message Posted: May 1, 2012 11:04:27 PM Ignore southrob Report Abuse because its gonna happen
jem069 Champion Author Detroit Posts:2,543 Points:688,055 Joined:Jan 2011	Message Posted: May 1, 2012 11:03:39 PM Ignore jem069 Report Abuse Ok
visi0n Sophomore Author Toronto Posts:239 Points:43,315 Joined:Apr 2008	Message Posted: May 1, 2012 11:02:37 PM Ignore visi0n Report Abuse ok
Sabretooth78 Champion Author Buffalo Posts:14,034 Points:2,687,440 Joined:Sep 2005	Message Posted: May 1, 2012 11:01:19 PM Ignore Sabretooth78 Report Abuse Has as much to do with Obama as it does with any president going back to Wilson...... END THE FED
djgunrunner Champion Author Salt Lake City Posts:10,099 Points:2,348,605 Joined:Apr 2005	Message Posted: May 1, 2012 11:00:42 PM Ignore djgunrunner Report Abuse Is obamas buddy, george soros involved in this? It will make a big difference when America boosts its oil output and the price is in dollars but first we need to be able to drill. Is this why obama is holding the drilling back?
mrbee Champion Author Little Rock Posts:3,758 Points:2,466,585 Joined:Oct 2005	Message Posted: May 1, 2012 10:57:14 PM Ignore mrbee Report Abuse More change you voted for.
HYEgasCA Champion Author Fresno Posts:2,111 Points:910,750 Joined:Dec 2008	Message Posted: May 1, 2012 10:55:12 PM Ignore HYEgasCA Report Abuse Thank you Obama!!
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: May 1, 2012 10:55:03 PM Ignore tippybuddy Report Abuse someone needs to save us from all this crap
spotterFL Champion Author Florida Posts:4,109 Points:523,040 Joined:Aug 2009	Message Posted: May 1, 2012 10:55:02 PM Ignore spotterFL Report Abuse Do we have to revise the old saying "Not worth a Continental Dollar"?
big_mac64 Champion Author Tennessee Posts:10,593 Points:1,485,690 Joined:May 2005	Message Posted: May 1, 2012 10:54:42 PM Ignore big_mac64 Report Abuse this has been going on for years, and finally something is being said. hope we get a better Prez this fall who will be strong, and do something about the rest of the world trying to weaken the USA
kgbellman Champion Author Ann Arbor Posts:2,713 Points:732,590 Joined:Mar 2011	Message Posted: May 1, 2012 10:51:58 PM Ignore kgbellman Report Abuse Another scar on the decline of the US in the world's eye?
sheetrum Rookie Author Lancaster Posts:5 Points:225,880 Joined:Feb 2012	Message Posted: May 1, 2012 10:43:51 PM Ignore sheetrum Report Abuse We desperately need new leadership.
Thomtec Champion Author Nashville Posts:2,464 Points:608,145 Joined:May 2011	Message Posted: May 1, 2012 10:42:49 PM Ignore Thomtec Report Abuse Under socialism this will happen. No more Barry
mstearno Champion Author Dayton Posts:8,071 Points:1,732,210 Joined:Jan 2008	Message Posted: May 1, 2012 10:40:10 PM Ignore mstearno Report Abuse we must elect conservatives to save our republic
mcmonsta Champion Author Honolulu Posts:3,227 Points:818,545 Joined:Sep 2009	Message Posted: May 1, 2012 10:34:50 PM Ignore mcmonsta Report Abuse as others grow we need to keep our strategic positions and diplomatic ties strong or we could be buried
menagerie1013 Champion Author San Diego Posts:2,365 Points:689,990 Joined:Apr 2011	Message Posted: May 1, 2012 10:34:37 PM Ignore menagerie1013 Report Abuse This is what happens when the government just keeps printing more money instead of cutting costs and keeping to a budget.
justmedc Veteran Author Michigan Posts:382 Points:174,045 Joined:Mar 2012	Message Posted: May 1, 2012 10:33:36 PM Ignore justmedc Report Abuse aahh The American Dream, made in China
vibdata Champion Author Massachusetts Posts:4,090 Points:849,300 Joined:Nov 2005	Message Posted: May 1, 2012 10:32:45 PM Ignore vibdata Report Abuse I agree. Let's not touch dis... Better to own gold. Just ask DeGaulle.
Ken2OD Champion Author Grand Rapids Posts:9,072 Points:1,971,940 Joined:Dec 2005	Message Posted: May 1, 2012 10:32:33 PM Ignore Ken2OD Report Abuse The threat of a World Currency is getting closer. The EURO has failed and now this CRAP!
g747 Champion Author Mobile Posts:4,541 Points:933,670 Joined:Jul 2009	Message Posted: May 1, 2012 10:30:58 PM Ignore g747 Report Abuse Like i said; we need to break away from the International Monetary fund all together;to further enhance our currency.Stop being consumed by a global economy.
TBRR Champion Author Jacksonville Posts:3,672 Points:599,320 Joined:Dec 2007	Message Posted: May 1, 2012 10:28:20 PM Ignore TBRR Report Abuse so what is new, the handwriting has been on the wall for several years now. it wont be long before the dollar is what the italian lira was after WWII.
pinkelefant Champion Author Sacramento Posts:19,591 Points:2,661,580 Joined:Aug 2003	Message Posted: May 1, 2012 10:28:13 PM Ignore pinkelefant Report Abuse $$$$$$$$$$$$$$$$$$$$$$$$$$$$
WinderGuy Champion Author Georgia Posts:2,869 Points:932,605 Joined:Mar 2008	Message Posted: May 1, 2012 10:27:03 PM Ignore WinderGuy Report Abuse Ok
Ray_10589 Champion Author New York Posts:4,951 Points:1,183,960 Joined:May 2009	Message Posted: May 1, 2012 10:24:06 PM Ignore Ray_10589 Report Abuse we are falling ...
slayur Champion Author Chicago Posts:1,533 Points:1,217,520 Joined:Sep 2005	Message Posted: May 1, 2012 10:23:30 PM Ignore slayur Report Abuse Ya Right
carman11 Champion Author North Carolina Posts:3,342 Points:692,700 Joined:Jun 2011	Message Posted: May 1, 2012 10:23:07 PM Ignore carman11 Report Abuse OK