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How The U.S. Dollar Will Be Replaced

Discussion in 'Preparedness & Survival' started by ATCclears, May 17, 2012.

  1. ATCclears

    ATCclears Seattle area, WA Well-Known Member

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    What caught my attention was the concept of the Special Drawing Right (SDR), and the fact that the US Postal Service actively references it.

    How The U.S. Dollar Will Be Replaced
     
  2. HBIII

    HBIII Wilsonville Active Member

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    The problem is very eloquently worded in this paragraph. Thank you for sharing the link.
     
  3. ATCclears

    ATCclears Seattle area, WA Well-Known Member

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    I did some more research into the SDR and came across this 2010 press release from the IMF:
    Press Release: IMF Determines New Currency Weights for SDR Valuation Basket

    Note that the percentage of the US dollar in the SDR was reduced starting in Jan 1, 2011.

    Then I was able to find this WSJ article that noted that in 2011 we (the US) bought 61% of our own debt to artificially prop up the market for our debt.
    Lawrence Goodman: Demand for U.S. Debt Is Not Limitless - WSJ.com

    I don't know if there is a correlation between the Jan 1, 2011 revision to the SDR and a tangible, reduced willingness to purchase our debt. It might be ugly if the IMF does another adjustment to the SDR for Jan 1, 2013. The press release implies the IMF only does it every five years, but who knows.

    The SDR may be something to monitor.

    Peter
     
  4. knuckle Head

    knuckle Head southeast Well-Known Member

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  5. knuckle Head

    knuckle Head southeast Well-Known Member

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  6. ATCclears

    ATCclears Seattle area, WA Well-Known Member

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    *sigh*
     
  7. EZLivin

    EZLivin SW of PDX Well-Known Member

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    Armstrong's latest is worth the short read. He is not one of those folks on the conspiracy theory speaking circuit either - he looks at things from the perspective of an historian/investor, and has an exceptional track-record. (Actually, I think every piece he writes is worth reading.)

    Electronic Money The Real Conspiracy
     
  8. knuckle Head

    knuckle Head southeast Well-Known Member

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  9. knuckle Head

    knuckle Head southeast Well-Known Member

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  10. rocky3

    rocky3 oregon coast Active Member

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    I noticed that Brandon Smith is accepting US currency as a donation.....strange indeed.
     
  11. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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  12. knuckle Head

    knuckle Head southeast Well-Known Member

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    Alls good everyone we can all relax and put our heads in the sand, big ben has spoken News Headlines

    He also stated the high oil and gas prices did not have a strong bearing on inflation or household disposable income, I guess it is all in my imagination.
     
  13. ATCclears

    ATCclears Seattle area, WA Well-Known Member

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    Burt, I agree. The US is in no position to stomp on China or Japan. I am watching this one closely since if they open it to more volume then it is an ominous sign against the US dollar.
     
  14. ATCclears

    ATCclears Seattle area, WA Well-Known Member

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  15. knuckle Head

    knuckle Head southeast Well-Known Member

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  16. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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    Funny and sad at the same time. When Gerald Celente and Peter Schiff years ago said there would be 'QEs' after the first one - QE2, QE3, QE4, QE5 - they were mocked and ridiculed for it. No one is laughing now. Debasement of our currency, inflation/hyper-inflation will be the future of every fiat currency. In other words, the greatest transfer of wealth ever known to man. Banksters - smart. Sheeple - dumb.
     
  17. billcoe

    billcoe PDX Platinum Supporter Platinum Supporter

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    What moves did you make (or are making) in advance and how have they done?
     
  18. Martini_Up

    Martini_Up NW USA Well-Known Member

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    Dollar on the way out? Dump what you have into land - they're not making it anymore. Later you can sell portions of it for whatever has replaced the dollar and buy whatever has replaced food.
     
  19. FarmerTed1971

    FarmerTed1971 Portland, Oregon, United States Well-Known Member

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    Sure, but I don't know that many people able to purchase a parcel of land without a mortgage. Bankers win again.
     
  20. billcoe

    billcoe PDX Platinum Supporter Platinum Supporter

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    That is exactly what the noted investor Jim Rodgers has gone with recently as well. What have you done Burt?