Naam Posted May 24, 2013 Share Posted May 24, 2013 Backed with what? I'm sorry but I really can't see the point of repeating myself again,if you think the USA will no longer be here in 10,20,30+ years time then you're a fool! However,if you think Magic Beans Bitcoins will be,you're probably still wondering when your Sinclair C5 is going to fetch 7 figures at Sotheby's Auction House! I am simply asking you this : what are the US government and / or the Federal Reserve Bank backing the US Dollar with? Simple; you bring your Federal Reserve Note to the US government and they give you a bag of full faith. perhaps i am mistaken... but i was told one can buy a variety of things with federal reserve notes, book flights, rent cars, pay utility bills and last not least one can buy, if one is so inclined... bitcoins Link to comment Share on other sites More sharing options...
dave111223 Posted May 24, 2013 Share Posted May 24, 2013 I am simply asking you this : what are the US government and / or the Federal Reserve Bank backing the US Dollar with? Simple; you bring your Federal Reserve Note to the US government and they give you a bag of full faith. perhaps i am mistaken... but i was told one can buy a variety of things with federal reserve notes, book flights, rent cars, pay utility bills and last not least one can buy, if one is so inclined... bitcoins Ok, US dollars are backed by airline tickets and rental cars? How many rental cars can I redeem my Federal Reserve Note for? Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2013 Share Posted May 24, 2013 (edited) I am simply asking you this : what are the US government and / or the Federal Reserve Bank backing the US Dollar with? Simple; you bring your Federal Reserve Note to the US government and they give you a bag of full faith. perhaps i am mistaken... but i was told one can buy a variety of things with federal reserve notes, book flights, rent cars, pay utility bills and last not least one can buy, if one is so inclined... bitcoins Ok, US dollars are backed by airline tickets and rental cars? How many rental cars can I redeem my Federal Reserve Note for? yawwwnnnnn..... Edited May 24, 2013 by Naam Link to comment Share on other sites More sharing options...
dave111223 Posted May 24, 2013 Share Posted May 24, 2013 federal reserve notes, book flights, rent cars, pay utility bills and last not least one can buy, if one is so inclined... bitcoins Ok, US dollars are backed by airline tickets and rental cars? How many rental cars can I redeem my Federal Reserve Note for? yawwwnnnnn..... Here allow me to argue your side for you: You: Well right now you can redeem your $100 Federal Reserve Note for 1 day of small rental car in Maine Me: Ok, I think i'll redeem my $100 Federal Reserve Note for 1 day of small rental in Florida in 2015 You: Sorry, can't do that Me: Why? You: Your $100 Federal Reserve Note will not longer be backed by 1 day of small rental car in 2015, and your $100 Federal Reserve Note was only backed by 1 day of small rental car in Maine, not Florida, in Florida it was backed by a different amount of rental cars. Me: I see....so my Federal Reserve Note will be backed by a different thing, which will vary by large amounts depending on the location and date? Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2013 Share Posted May 24, 2013 federal reserve notes, book flights, rent cars, pay utility bills and last not least one can buy, if one is so inclined... bitcoins Ok, US dollars are backed by airline tickets and rental cars? How many rental cars can I redeem my Federal Reserve Note for? yawwwnnnnn..... Here allow me to argue your side for you: You: Well right now you can redeem your $100 Federal Reserve Note for 1 day of small rental car in Maine Me: Ok, I think i'll redeem my $100 Federal Reserve Note for 1 day of small rental in Florida in 2015 You: Sorry, can't do that Me: Why? You: Your $100 Federal Reserve Note will not longer be backed by 1 day of small rental car in 2015, and your $100 Federal Reserve Note was only backed by 1 day of small rental car in Maine, not Florida, in Florida it was backed by a different amount of rental cars. Me: I see....so my Federal Reserve Note will be backed by a different thing, which will vary by large amounts depending on the location and date? prophecies what will happen in 2015 are always highly appreciated Link to comment Share on other sites More sharing options...
Trembly Posted May 24, 2013 Share Posted May 24, 2013 (edited) perhaps i am mistaken... but i was told one can buy a variety of things with federal reserve notes, book flights, rent cars, pay utility bills and last not least one can buy, if one is so inclined... bitcoins You fail to comprehend, sir. I am not asking what a Federal Reserve note is accepted as tender for. I am asking about just what exactly the US government is backing the Federal Reserve note with. From Investopedia : Definition of 'Fiat Money' Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith. Investopedia explains 'Fiat Money' Most of the world's paper money is fiat money. Because fiat money is not linked to physical reserves, it risks becoming worthless due to hyperinflation. If people lose faith in a nation's paper currency, the money will no longer hold any value. I suppose it boils down to how much faith you have in the US government, or more to the point, how much faith you have the US government to act in [______]'s interests. Still waiting to hear about what Eesat thinks the US government / Federal Reserve use to back the Federal Reserve note with. Edited May 24, 2013 by Trembly Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2013 Share Posted May 24, 2013 You fail to comprehend, sir. I am not asking what a Federal Reserve note is accepted as tender for. I am asking about justwhat exactly the US government is backing the Federal Reserve note with. and you fail to comprehend Sir that i consider your question irrelevant. the only relevance is that a federal reserve note is backed by its demand and usability and not by any fictitious backing by the U.S. government. Link to comment Share on other sites More sharing options...
Trembly Posted May 24, 2013 Share Posted May 24, 2013 (edited) You fail to comprehend, sir. I am not asking what a Federal Reserve note is accepted as tender for. I am asking about just what exactly the US government is backing the Federal Reserve note with. and you fail to comprehend Sir that i consider your question irrelevant. the only relevance is that a federal reserve note is backed by its demand and usability and not by any fictitious backing by the U.S. government. Russia and China have recently quit using the USD for all bilateral trade and for oil in general. The Russian government makes a point of buying in USD at every opportunity (especially when goods or services are from the US or similar) but will not accept USD as payment at macro levels. China and Japan, both among each other's biggest trading partners, have agreed to ditch the USD in favour of exclusively using Yen or RMB for trade between each other. China and Australia have agreed to ditch the USD in favour of direct currency exchange (AUD - RMB) in all trade. Iran, Venezuela, Libya and Iraq all stopped accepting USD for oil, although the latter two have of course resumed the acceptance of USD for oil since being invaded. Is it just me or is there a trend emerging . . . ? The fact that the US government has to resort to invading countries to enforce the use of the USD is indicative of how they perceive their own position, I think. Edited May 24, 2013 by Trembly Link to comment Share on other sites More sharing options...
Trembly Posted May 24, 2013 Share Posted May 24, 2013 (edited) Forgot to mention : The BRICS group of nations have signed a local currency pact for trade between each other at their fourth summit. BRICS are already working on the establishment of their own international clearing bank. BRICS are soon to become BRIIICS (with the addition of Iran and Indonesia), by the way. Edited May 24, 2013 by Trembly Link to comment Share on other sites More sharing options...
dave111223 Posted May 24, 2013 Share Posted May 24, 2013 (edited) You fail to comprehend, sir. I am not asking what a Federal Reserve note is accepted as tender for. I am asking about just what exactly the US government is backing the Federal Reserve note with. and you fail to comprehend Sir that i consider your question irrelevant. the only relevance is that a federal reserve note is backed by its demand and usability and not by any fictitious backing by the U.S. government. Bingo, so Bitcoins and US Dollars are backed by the exact same thing: "its demand and usability" Currently US Dollars have a much bigger backing than Bitcoins. But you have shown the flaw in Eesat's statements about "USD Is backed by the government, what is Bitcoin backed by" as irrelivant. US Dollars: - Demand: Decreasing - Usability: Decreasing (as sited by Trembly) - Supply: Increasing (to the tune of about ~7% per year, increasing over time) http://www.tradingeconomics.com/united-states/money-supply-m2 Bitcoin: - Demand: Increasing - Usability: Increasing - Supply: Increasing (to the tune of ~10% per year, decreasing over time) http://bitcoin.org Edited May 24, 2013 by dave111223 Link to comment Share on other sites More sharing options...
farang000999 Posted May 24, 2013 Share Posted May 24, 2013 (edited) Fiat currencies are by definition backed by absolutely bugger all apart from people's willingness to accept them as tender. Sure this is true. And nothing appears to be changing. Gold is crashing. Stock markets, real estate and other assets are rising. People in the street are continuing to foolishly accept fiat money for goods and services. Corporations and all the nations of the world continue to trade in fiat money. Yes, boss, when the people of the world reject fiat money gold and bit coins will surely skyrocket. **Cross your fingers** Edited May 24, 2013 by farang000999 Link to comment Share on other sites More sharing options...
marcusd Posted May 24, 2013 Share Posted May 24, 2013 Well BIT COIN? Someine is going to.lose. they told you in the name already. You give a FULL coin and youbwill get a BIT coin. Roulette gives you better odds and you can enjoy the coloured lights and whizzy sounds as you throw your money away. If yiu want to place money where you have no tangible asset in return why not hand it out to the poor? Or if you want to invest seriously why not place your hard earned loot into property...small scale with a rental return. at least you can see and touch it. 1million baht buys you a place you can get rent back and you always have THAT TOUCHABLE ASSET Sent from my GT-N7000B using Thaivisa Connect Thailand mobile app 1 Link to comment Share on other sites More sharing options...
farang000999 Posted May 24, 2013 Share Posted May 24, 2013 (edited) Dear Conspiracy Theorist,I recently moved to Florida from Wisconsin for my career, and it's mademe very unhappy. My job is fine and the weather here is beautiful, butthe people are really different from what I'm used to. To make a longstory short, I'm having trouble finding a Florida man with goodold-fashioned Midwestern values! Should I move back? Or should I toughit out and learn to adjust? —Confused In Coral Gables Dear Confused, Don't fool yourself into thinking you know what's going on in this world. Thefirst duty of power is to perpetuate itself, and we don't even know whothe actual powerful people are. Truman started the whole Americantradition of secrecy after WWII, with Project Paperclip, in which theCIA put captured Nazi scientists to work on America's nuclear arsenal,the space program, and all this "otherworldly" technology they'd comeacross. (And you know what I mean.) Then they got Truman to create thesuper-secret Majestic 12 committee to oversee Project Paperclip, not tomention other weird stuff the government wanted hidden. They ran thewhole thing, and they've been running it for years, but nobody knows who"they" are. But I'm pretty sure they're all Freemasons. Dear Conspiracy Theorist, I'm what my friends call a "neatnik." I like to have absolutely everythingin its place. Problem is, the woman I love—I'll call her "Nicole"—is thekind of person who can't be bothered to shelve books, rack CDs, or keepcomputer files organized. And now she wants us to move in together! Howcan I get her to change before she drives me nuts? —Organized In Orchard Park Dear Organized, The whole Kennedy thing is so huge because it's at the center of so manyother covert shadow-government operations. Kennedy himself was thesmallest part of it, because it was actually a power play betweenDulles' CIA, the anti-Castro military, LBJ, the Giancana Mafia, and abunch of other dirty players. Oswald was a patsy, sure, but he put a gunon Jack. Of course, so did other test-mules from Dulles' MK-UltraLSD-mind-control experiments. Zapruder was in on it, too: He was a KGBmole from way back. And the whole thing had ripple effects, likeJonestown, which was an assassin training camp that got found out. Asfor the Warren Commission, that thing was a joke—Dulles himself was onit, and there was only one person on the whole commission who wasn't onthe CIA payroll and suspected Oswald didn't act alone. He died in aplane crash, after a young congressional aide named Bill Clinton drovehim to the airport. It's all true, but nobody wants to admit it. Nobody. Dear Conspiracy Theorist, I've been married to the same woman for 30 years, and I still love her verymuch. But recently, I found out that she had a brief affair in the '70s.It's water under the bridge, and I don't want to ruin a good marriage,but adultery is adultery! What should I do? —Betrayed In Bethlehem Dear Betrayed, Now, Roswell, that's a bunch of crap. The Air Force was in possession ofcaptured alien technology years before that. In '43, they startedreverse-engineering a torus-shaped craft that came down in Arizona, andthe next thing you know, America has The Bomb, supersonic aircraft, and aspace program. Glenn saw stuff up there, flying lights. You can look itup. You know what I think? I think that skirt-chaser Kennedy wanted tospill the beans about our alien friends, so they killed him. He told hisgirlfriend Marilyn Monroe, and they killed her, too. No doubt, you'rewondering, "Who are 'they'?" Well, I think the numbers speak forthemselves: The Trinity site, where the first A-bomb was detonated;Dealey Plaza, where Kennedy bought the farm; and Area 51 are all on the33rd parallel. And what other significance does the number 33 happen tohave? It's the highest rank of the Masonic order. Wheels within wheels,my friend. Wheels within wheels. Edited May 24, 2013 by farang000999 1 Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2013 Share Posted May 24, 2013 Well BIT COIN? Someine is going to.lose. they told you in the name already. You give a FULL coin and youbwill get a BIT coin. Roulette gives you better odds and you can enjoy the coloured lights and whizzy sounds as you throw your money away. If yiu want to place money where you have no tangible asset in return why not hand it out to the poor? Or if you want to invest seriously why not place your hard earned loot into property...small scale with a rental return. at least you can see and touch it. 1million baht buys you a place you can get rent back and you always have THAT TOUCHABLE ASSET Sent from my GT-N7000B using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
yoshiwara Posted May 24, 2013 Share Posted May 24, 2013 Dear Conspiracy Theorist, I recently moved to Florida from Wisconsin for my career, and it's made me very unhappy. My job is fine and the weather here is beautiful, but the people are really different from what I'm used to. To make a long story short, I'm having trouble finding a Florida man with good old-fashioned Midwestern values! Should I move back? Or should I tough it out and learn to adjust? —Confused In Coral Gables Dear Confused, Don't fool yourself into thinking you know what's going on in this world. The first duty of power is to perpetuate itself, and we don't even know who the actual powerful people are. Truman started the whole American tradition of secrecy after WWII, with Project Paperclip, in which the CIA put captured Nazi scientists to work on America's nuclear arsenal, the space program, and all this "otherworldly" technology they'd come across. (And you know what I mean.) Then they got Truman to create the super-secret Majestic 12 committee to oversee Project Paperclip, not to mention other weird stuff the government wanted hidden. They ran the whole thing, and they've been running it for years, but nobody knows who "they" are. But I'm pretty sure they're all Freemasons. Dear Conspiracy Theorist, I'm what my friends call a "neatnik." I like to have absolutely everything in its place. Problem is, the woman I love—I'll call her "Nicole"—is the kind of person who can't be bothered to shelve books, rack CDs, or keep computer files organized. And now she wants us to move in together! How can I get her to change before she drives me nuts? —Organized In Orchard Park Dear Organized, The whole Kennedy thing is so huge because it's at the center of so many other covert shadow-government operations. Kennedy himself was the smallest part of it, because it was actually a power play between Dulles' CIA, the anti-Castro military, LBJ, the Giancana Mafia, and a bunch of other dirty players. Oswald was a patsy, sure, but he put a gun on Jack. Of course, so did other test-mules from Dulles' MK-Ultra LSD-mind-control experiments. Zapruder was in on it, too: He was a KGB mole from way back. And the whole thing had ripple effects, like Jonestown, which was an assassin training camp that got found out. As for the Warren Commission, that thing was a joke—Dulles himself was on it, and there was only one person on the whole commission who wasn't on the CIA payroll and suspected Oswald didn't act alone. He died in a plane crash, after a young congressional aide named Bill Clinton drove him to the airport. It's all true, but nobody wants to admit it. Nobody. Dear Conspiracy Theorist, I've been married to the same woman for 30 years, and I still love her very much. But recently, I found out that she had a brief affair in the '70s. It's water under the bridge, and I don't want to ruin a good marriage, but adultery is adultery! What should I do? —Betrayed In Bethlehem Dear Betrayed, Now, Roswell, that's a bunch of crap. The Air Force was in possession of captured alien technology years before that. In '43, they started reverse-engineering a torus-shaped craft that came down in Arizona, and the next thing you know, America has The Bomb, supersonic aircraft, and a space program. Glenn saw stuff up there, flying lights. You can look it up. You know what I think? I think that skirt-chaser Kennedy wanted to spill the beans about our alien friends, so they killed him. He told his girlfriend Marilyn Monroe, and they killed her, too. No doubt, you're wondering, "Who are 'they'?" Well, I think the numbers speak for themselves: The Trinity site, where the first A-bomb was detonated; Dealey Plaza, where Kennedy bought the farm; and Area 51 are all on the 33rd parallel. And what other significance does the number 33 happen to have? It's the highest rank of the Masonic order. Wheels within wheels, my friend. Wheels within wheels. Excellent work comrade. Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2013 Share Posted May 24, 2013 the only bit worth to consider is this bit! 1 Link to comment Share on other sites More sharing options...
Eesat Posted May 24, 2013 Share Posted May 24, 2013 You fail to comprehend, sir. I am not asking what a Federal Reserve note is accepted as tender for. I am asking about just what exactly the US government is backing the Federal Reserve note with. and you fail to comprehend Sir that i consider your question irrelevant. the only relevance is that a federal reserve note is backed by its demand and usability and not by any fictitious backing by the U.S. government. Russia and China have recently quit using the USD for all bilateral trade and for oil in general. The Russian government makes a point of buying in USD at every opportunity (especially when goods or services are from the US or similar) but will not accept USD as payment at macro levels. China and Japan, both among each other's biggest trading partners, have agreed to ditch the USD in favour of exclusively using Yen or RMB for trade between each other. China and Australia have agreed to ditch the USD in favour of direct currency exchange (AUD - RMB) in all trade. Iran, Venezuela, Libya and Iraq all stopped accepting USD for oil, although the latter two have of course resumed the acceptance of USD for oil since being invaded. Is it just me or is there a trend emerging . . . ? The fact that the US government has to resort to invading countries to enforce the use of the USD is indicative of how they perceive their own position, I think. And all those exact same Central Banks are selling their Euro reserves as fast as they can dump them on the market,so no,there is no trend emerging.Where do you think that capital flight from the Eurozone is going,that's right the good 'ole US Dollar! Plus the good 'ole Petro Dollar,Crude Oil is still bought and sold in US Dollars! Link to comment Share on other sites More sharing options...
Eesat Posted May 24, 2013 Share Posted May 24, 2013 perhaps i am mistaken... but i was told one can buy a variety of things with federal reserve notes, book flights, rent cars, pay utility bills and last not least one can buy, if one is so inclined... bitcoins You fail to comprehend, sir. I am not asking what a Federal Reserve note is accepted as tender for. I am asking about just what exactly the US government is backing the Federal Reserve note with. From Investopedia : >Definition of 'Fiat Money' Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith. Investopedia explains 'Fiat Money' Most of the world's paper money is fiat money. Because fiat money is not linked to physical reserves, it risks becoming worthless due to hyperinflation. If people lose faith in a nation's paper currency, the money will no longer hold any value. I suppose it boils down to how much faith you have in the US government, or more to the point, how much faith you have the US government to act in [______]'s interests. Still waiting to hear about what Eesat thinks the US government / Federal Reserve use to back the Federal Reserve note with. You've just answered your own question! Link to comment Share on other sites More sharing options...
Trembly Posted May 24, 2013 Share Posted May 24, 2013 Actually I haven't answered my question to you, Naam did. Link to comment Share on other sites More sharing options...
Eesat Posted May 24, 2013 Share Posted May 24, 2013 Actually I haven't answered my question to you, Naam did. Actually,you have.Please tell me this dim-wittedness is just an act? Link to comment Share on other sites More sharing options...
Trembly Posted May 24, 2013 Share Posted May 24, 2013 (edited) You fail to comprehend, sir. I am not asking what a Federal Reserve note is accepted as tender for. I am asking about just what exactly the US government is backing the Federal Reserve note with. and you fail to comprehend Sir that i consider your question irrelevant. the only relevance is that a federal reserve note is backed by its demand and usability and not by any fictitious backing by the U.S. government. Russia and China have recently quit using the USD for all bilateral trade and for oil in general. The Russian government makes a point of buying in USD at every opportunity (especially when goods or services are from the US or similar) but will not accept USD as payment at macro levels. China and Japan, both among each other's biggest trading partners, have agreed to ditch the USD in favour of exclusively using Yen or RMB for trade between each other. China and Australia have agreed to ditch the USD in favour of direct currency exchange (AUD - RMB) in all trade. Iran, Venezuela, Libya and Iraq all stopped accepting USD for oil, although the latter two have of course resumed the acceptance of USD for oil since being invaded. Is it just me or is there a trend emerging . . . ? The fact that the US government has to resort to invading countries to enforce the use of the USD is indicative of how they perceive their own position, I think. And all those exact same Central Banks are selling their Euro reserves as fast as they can dump them on the market,so no,there is no trend emerging.Where do you think that capital flight from the Eurozone is going,that's right the good 'ole US Dollar! Plus the good 'ole Petro Dollar,Crude Oil is still bought and sold in US Dollars! Capital flight from the Eurozone is irrelevant. Lets recap. Countries that refuse to use USD in oil or natural gas trading : Russia China Venezuela Iran Are you suggesting that these are only minor producers / consumers of oil and natural gas? Countries that refuse to use USD in bilateral trade : China - Japan China - Russia China - Australia Trade between these countries must only be worth a pittance in global terms then, according to your rationale. Countries in a pact to use only their respective currencies in multilateral trade with each other (that means no USD). Brazil Russia India Iran* Indonesia* China South Africa *tentative agreement pending ratification Those 7 countries contain well over half of the world's population and their spending power and ties between their respective economies are growing faster and faster. The trade sums between those economies are of course paltry, not even enough to make a scratch on the USD, listening to you. Who wants to bet that the list won't grow? Edited May 24, 2013 by Trembly Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2013 Share Posted May 24, 2013 Lets recap. Countries that refuse to use USD in oil or natural gas trading : Russia China Venezuela Iran let's recap... all wrong! Link to comment Share on other sites More sharing options...
farang000999 Posted May 24, 2013 Share Posted May 24, 2013 Gold and bit coin are not inextricably tied to a possible decline in the exchange value of the USD. Just cause the USD may decline versus other currencies, that does not mean that gold and it's retarded cousin bit coin is a good investment. It is like when gold bugs say "All these stock market gains are the result of cheap money. When that runs out, the whole thing crashes!"... and <deleted> does that have to do with gold? Gold crashed right along with the Dow Jones in 2008. Gold is sold to idiots as some kind of pixy dust that will triumph in any circumstance - ANY CIRCUMSTANCE - and when it under performs stock markets by 50% - it is because of a conspiracy - so buy more and wait patiently. Gold buggery is a religion. You are like the Christians waiting for the Rapture to deliver them to Jesus. Hallelujah! Link to comment Share on other sites More sharing options...
Trembly Posted May 24, 2013 Share Posted May 24, 2013 Lets recap. Countries that refuse to use USD in oil or natural gas trading : Russia China Venezuela Iran let's recap... all wrong! Can you refute this article? http://www.infowars.com/11-international-agreements-that-are-nails-in-the-coffin-of-the-petrodollar/ Link to comment Share on other sites More sharing options...
Trembly Posted May 24, 2013 Share Posted May 24, 2013 (edited) I'm not talking about gold. All I'm saying is that as a fiat currency, the USD is backed by exactly the same thing as the Bitcoin : pure faith, and the US Government / Federal Reserve's efforts to instill more faith in the USD by force or otherwise are failing. Do we really believe that the US government was motivated by pure moralistic umbrage at "money laundering" when it shut down Mt. Gox? Edited May 24, 2013 by Trembly Link to comment Share on other sites More sharing options...
farang000999 Posted May 24, 2013 Share Posted May 24, 2013 Can you refute this article? http://www.infowars.com/11-international-agreements-that-are-nails-in-the-coffin-of-the-petrodollar/ That is where you get your news? The guy who thinks 911, Sandy Hook, Boston Bombing, London Stabbing, Oklahoma tornadoes were ALL a conspiracy perpetrated by the US gov? Link to comment Share on other sites More sharing options...
Trembly Posted May 24, 2013 Share Posted May 24, 2013 (edited) Can you refute this article? http://www.infowars.com/11-international-agreements-that-are-nails-in-the-coffin-of-the-petrodollar/ That is where you get your news? The guy who thinks 911, Sandy Hook, Boston Bombing, London Stabbing, Oklahoma tornadoes were ALL a conspiracy perpetrated by the US gov? I care not who the messenger is. Play the ball, not the man; can you refute the article's content and references or not? Edited May 24, 2013 by Trembly Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2013 Share Posted May 24, 2013 Can you refute this article? http://www.infowars.com/11-international-agreements-that-are-nails-in-the-coffin-of-the-petrodollar/ That is where you get your news? The guy who thinks 911, Sandy Hook, Boston Bombing, London Stabbing, Oklahoma tornadoes were ALL a conspiracy perpetrated by the US gov? are you trying to tell us that the Oklahoma tornadoes and the Fookyoushima tsunami were not generated by a joint venture of Homeland Security and the CIA? 1 Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2013 Share Posted May 24, 2013 Lets recap. Countries that refuse to use USD in oil or natural gas trading : Russia China Venezuela Iran let's recap... all wrong! Can you refute this article? http://www.infowars.com/11-international-agreements-that-are-nails-in-the-coffin-of-the-petrodollar/ i am not wasting time to refute any article which otherwise stats a lot of correct and undeniable facts albeit with highly exaggerated importance. e.g. check total trade Brazil/China and and then compare the figures with the signed swap agreement. and the latter applies to the other mentioned swaps too. what i said is that the above statement is wrong because of "refuse". best example is Venezuela which still exports the lion share of its "sweet" crude to the U.S. against payment in USD because 99% of Venezuela's external debt is denominated and serviced in USD. Iran does not "refuse" but is blocked by sanctions to use international banking routes to get paid for its crude. China does not "refuse" but uses bartering because of the afore-mentioned sanctions against Iran when buying Iranian crude. for Venezuelan crude China has paid in advance billions of US-Dollars. Russia sells its natural gas to the European Union and accepts of course payment in €UR. these are the facts, mentioning "refuse" is misleading BS². Link to comment Share on other sites More sharing options...
dave111223 Posted May 24, 2013 Share Posted May 24, 2013 Well BIT COIN? Someine is going to.lose. they told you in the name already. You give a FULL coin and youbwill get a BIT coin. Roulette gives you better odds and you can enjoy the coloured lights and whizzy sounds as you throw your money away. If yiu want to place money where you have no tangible asset in return why not hand it out to the poor? Or if you want to invest seriously why not place your hard earned loot into property...small scale with a rental return. at least you can see and touch it. 1million baht buys you a place you can get rent back and you always have THAT TOUCHABLE ASSET Sent from my GT-N7000B using Thaivisa Connect Thailand mobile app Although I don't disagree with your note about investing in property.... It's pretty sad when your only comments on a subject is to dismiss it by dissecting the name. But I guess that's what I'd expect coming from someone called "Marc USD" Link to comment Share on other sites More sharing options...
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