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

lukep

lukep

He Hath Arisen
Sep 18, 2010
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Paul's army is simply going to be too late.

Not only has Iran started selling oil to India without using USD anymore, today the USA's worst fear has been realized...

ALL OF The BRICS countries (Brazil, Russia, India, South Africa) have signed a pair of agreements with each other at their Annual BRICS conference today.

The Agreement? TRADE WITH EACH OTHER IN THEIR LOCAL CURRENCIES, NOT THE USD!!!!

BRICS sign two currency pacts, to set up joint bank - The Economic Times

They feel this is going to spur their economies:

The development banks of the five countries signed a master agreement on extending credit facilities in the local currency and the BRICS multilateral letter of credit confirmation facility agreement in the presence of their leaders at the Taj Palace Hotel here.

...

The master agreement is aimed at reducing the demand for fully convertible currencies for transactions among BRICS nations, and thereby help reducing the transaction costs of intra-BRICS trade.
Click to expand...

Here's some RT Reporting of the event:

[ame=http://www.youtube.com/watch?v=2vg9qvYwQHg]Brave New Bank? BRICS moot dropping dollar, IMF - YouTube[/ame]

And here is Peter Schiff's response to it:

[ame=http://www.youtube.com/watch?v=3IpwyPlZUB8]Peter Schiff on BRICS and the demise of the dollar - YouTube[/ame]

(Also on RT... Hmm... Wonder why this isn't being reported on by CNN?)


FURTHER...

Even the Aussies are accused doing it too! (Perhaps that's why Learningcurve has been so silent lately? ;))

Oz has been accused by some bloggers (that I've found so far) of just recently completing a $31 billion swap of their currency with China.

Clearly, it's not too early to move to Thailand, boys. :(

Expect all prices to rise in 3...2...1...
 


FUCK YEAH! Nice to see some countries attempting to stand up.

I know Obama was trying to stop this a year or two ago by trying to sign and agreement with brazil to buy all of their oil in USD. Sounds like they don't give a shit
 
Damn, Brazil and Russia using rubles and real instead of dollars when they exchange oil options is going to bankrupt the US. We'll have to pull out of Iran. Well at least the Iran war only went 10 days.
 
Not an Ideal time for your trolling, JCash!

Although I would agree that now the genie seems to be out of the bottle and the reason to go to war with Iran is getting smaller... But still man, shit is serious. Do you realize that 2 of the BRICS just happen to be the two countries in the world bigger than the USA?

The USD is doomed. A competitive currency being offered right now in the USA is our only hope. Too bad that's freaking illegal!
 
so the dollar will drop making our exports cheaper. China will have to manipulate multiple currencies to keep its Yuan low.
Oil will be more expensive but that should curb use even further.
 
verbose said:
so the dollar will drop making our exports cheaper. China will have to manipulate multiple currencies to keep its Yuan low.
Oil will be more expensive but that should curb use even further.
Click to expand...
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.
 
#1, why hasn't CNN or another major news network plastered this all over their homepage. #2. I'm winning the MegaMillions tomorrow so I could give a fuck bitches.
 
lukep said:
Not an Ideal time for your trolling, JCash!

Although I would agree that now the genie seems to be out of the bottle and the reason to go to war with Iran is getting smaller... But still man, shit is serious. Do you realize that 2 of the BRICS just happen to be the two countries in the world bigger than the USA?

The USD is doomed. A competitive currency being offered right now in the USA is our only hope. Too bad that's freaking illegal!
Click to expand...

If the BRICS were smart they'd use bitcoins, relying on local language IOUs puts them all at risk if there's a war or a panic.
 
efeezy said:
#1, why hasn't CNN or another major news network plastered this all over their homepage. #2. I'm winning the MegaMillions tomorrow so I could give a fuck bitches.
Click to expand...
Going to have to split it with me bro cause I've got a winning ticket.
 
The Jews must be shitting their pants. Their beloved IMF is facing some real competition.
 
lukep said:
Not an Ideal time for your trolling, JCash!

Although I would agree that now the genie seems to be out of the bottle and the reason to go to war with Iran is getting smaller... But still man, shit is serious. Do you realize that 2 of the BRICS just happen to be the two countries in the world bigger than the USA?

The USD is doomed. A competitive currency being offered right now in the USA is our only hope. Too bad that's freaking illegal!
Click to expand...

Buy silver, end of story, it's not illegal and there's plenty to go around.
 
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lukep said:
Not an Ideal time for your trolling, JCash!

Although I would agree that now the genie seems to be out of the bottle and the reason to go to war with Iran is getting smaller... But still man, shit is serious. Do you realize that 2 of the BRICS just happen to be the two countries in the world bigger than the USA?

The USD is doomed. A competitive currency being offered right now in the USA is our only hope. Too bad that's freaking illegal!
Click to expand...

I'm sorry. What's exactly illegal in the USA?. Buying foreign currency?.
 
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