US dollar burial ceremony

[gegev]

Re: US dollar burial ceremony

Rich rulers of poor countries will keep eating most of the poor's bread.

At least the rest will be theirs.

[Odar]

Re: US dollar burial ceremony

Or it will be shipped to the new superpower that will replace the US.

[retro]

Re: US dollar burial ceremony

Until we stop quoting oil prices in US dollars, nothing is really going to change.

Whilst no small part of the reason why Gold is at $1500 an oz is that that the US is in danger of defaulting on it's debts. Nevertheless the USD won't lose it's reserve status, as it's bond market is far to large and the BRICS nations really aren't to be taken seriously.

As things stand 25% of the Americans tax dollars are currently going towards paying down the national debt. However when the Fed are finally forced to raise rates to counter inflation. The government will have to raise taxes and slash public spending in order to prevent the country from defaulting.

[retro]

Re: US dollar burial ceremony

This clearly proves that US consumes far more than its sophisticated economy produces, carrying out concealed financial fraud through its currency - DOLLAR which was used internationally; that is the rest of world (including poorest countries) unwillingly funded US consumption. But now, thanks to God, it is over and soon enough; the poor will eat that part of their bread; themselves.

Be careful what you wish for! The US is a massive bread basket and if the US stops exporting grain, rice and corn; due to domestic unrest. Half the world will starve to death.

[hipeter924]

Re: US dollar burial ceremony

They will become self-sufficient, no longer dependent on the US for food as Europe will no longer be able to export food to Africa as it will have to feed its own population. African local producers would once again produce cheaper food than the EU and Africa would be set on a road to economic prosperity.

[retro]

Re: US dollar burial ceremony

They will become self-sufficient, no longer dependent on the US for food as Europe will no longer be able

to export food to Africa as it will have to feed its own population. African local producers would once again produce cheaper food than the EU and Africa would be set on a road to economic prosperity.

Why do you think that the Chinese have a few million Chinese labours, working in Eastern Africa growing food for China? The reason why the EU has reduced it's subsidies and is growing far less food than it once did is that it is now on very bad terms with both Africa and the Middle East.

Africa is massively overpopulated and it doesn't have enough arable land to support it's present population. Which is why the Africans have been invading North Africa, Arabia (Yemen) and even Southern Europe.

The Americans are already using corn to produce ethanol and if they default. One has to worry that they may stop exporting food to Africa and Asia altogether.

[hipeter924]

Re: US dollar burial ceremony

Well the current population is unsustainable and food aid is an artificial source of food, the reality is that millions are going to die, the longer the world gives food aid the more are going to die (the money should be spent on building farming infrastructure to take the eventual shortfall). Africa only became like this after the EU and US destroyed the local agricultural industry, its horrible to say it but World Vision and these charities are hurting Africans by throwing food aid at Africa and putting local producers out of business. If it was up to me the world food bank and the world bank that allowed this mess to happen would be put on trial for mass murder, along with anyone else who profited off African starvation and poverty.