ABANDON SHIP! BRICS Just signed agreement to destroy the USD.

Invest in the Indian Ruppee quickly!!!! the USD will be worth about 0.0001 Indian Ruppe in just a few years :p

you guys should watch the movie length doco Thrive... It would teach you guys heaps about the yankee system...

masthead_fourswordsrupee-e1295474062860.jpg
 


Most of you missing an important point about BRICS.

BRICS economies have been growing at a XX% rate in the last decade and they are moving from "low cost production" countries to buyers countries.
For example today China is the second most important market for Ferrari after USA, from zero to 2nd market in 20 years, awesome.
BRICS countries are witnessing a great growth of middle and high class earnings, all this means new buyers and buyers eager to buy euro and us shit.
Let's start to think more about real economy and less about theoretical finance.
 
im not too worries..i have like 600 RMB in my pocket right now...not even sure my bank will take it back.
when you can travel anywhere in the world with usd...it says something
most places wont even take CDN money..which is historically more stable then others
 

Seeing this infographic is really annoying me right now. The USA is "supposed" to be a world leader. The fact that all these countries are doing things better than we are pisses me off. Not because I'm mad at other countries, but because I'm mad that the US hasn't pushed us into the future with these technologies. Same thing with drug laws and countless other examples.

Scumbag America!!!11

memes-scumbag-america3.jpg
 
My prep & economic collapse fantasies used to be exactly the same as yours. I imagined it would be an urban sprawl version of Man vs. Wild or a slightly toned down version of Mad Max but with just as many guns.

My wild fantasies were put to an end when I discovered a blogger that goes by the name of Ferfal. Here's an article worth reading that he wrote about his survival experiences during Argentina's economic collapse. I imagine its a good indicator of what it would be like in the USA.

Probably not as much shooting as you might have hoped.

Andrew.,

It says your from Mexico. That being said, hasn't your government already collapsed leaving everyone and their mother (literally) running to our country?
 
Things that have inherent worth like Gas, wheat, precious metals, and many other commodities are simply going to all grow in price together... I agree the fed is going to fudge the numbers and keep it from being an overnight disaster, but this could seriously change the very lifestyles of everyone here.

Huh... you mean Russia and China are not our friends, are instead our enemies, and are plotting our destruction, first economically, then on a more practical level?

Hmm... I could have sworn someone was saying that recently...
 
idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots idiots

Yeah, all those "idiots" who are turning out to be right! I'll stick with them; you can stay on the lofty side of the "geniuses".
 
UPDATE:

China, who apparently can't be bothered to wait around for the other BRICS nations to start trading other currencies fast enough...

STARTS OFFICIALLY TRADING YUAN WITH JAPAN ON FRIDAY:

Japan and China to start direct currency trading on Friday ? Japan Today: Japan News and Discussion

If this Japanese media source is accurate, then all future history books WILL report that the American Empire Peaked and fell in 2012... Hyperinflation is sure to follow.

Now where'd I leave my Apmex links?
 
Luke, we've had a little bump up in the THB/USD exchange rate the last couple of weeks. Not sure how long it will last. Better get some more dollars out while the gettin's good.
 
Why is this so bad?

China wants to have a rival reserve currency competing with USD. Why "abandon ship"?
 
If it was another country in the middle east the U.S. would be bombing them already for their impudence in leaving the USD. Being that it's China and Japan, I guess not, although I wouldn't be surprised if there is some other kind of attack. Perhaps a large scale cyber attack to disrupt trade, more trade sanctions against China, covert activities like maybe some assassinations or such. Let's watch and see.

Also read that the yuan and yen will be openly traded in Japan without restrictions. That's unique because everywhere else the yuan is tightly controlled.

This move might be the one thing that can get Japan out of its decade long funk.
 
Looks like the USD has some more time. Due to the Euro meltdown people are piling into the USD.

"After falling to an all-time low of 60.5 percent in the second quarter of last year, the dollar’s share of global reserves rose 1.6 percentage points to 62.1 percent in December, the latest International Monetary Fund figures show."

Funny how it's not making the USD stronger against my favorit currencies. I need a good bump in exchange rates so I can dump more dollars.