China & Russia QUIT DOLLAR in bilateral trade (Eve of The Day the Dollar Died )

[yurdamasta]

this along with the recent news of China and Russia forming an alliance. is all very troublng, the UN is pushing this world currency way too fast...people who can need to start buying as much farm land as possible

[COMECUCA16]

PAGEN A CHINA SU DINERO EL QUE GASTARON MATANDO JENTE EN IRAK .

[Ikazu1991]

america is fucked thats how it is you see it now everywhere well nobody will help you after the fall because you are the most hated country in the world and the funny part is the people of europa that in the past were looing at you as famlilie dont look that way anymore well maybe your president will ask afrika to help the us who knows or mexico isnt that funny xD

[flossy26]

its just a weather baloon

[DayTradersWin]

Great video - subscribe and friend for power packed videos...

[bboyjay69]

the dollar keeps going up because we own 80% OF THE WORLDS GOLD!!! WHICH EVERYONE INVESTS INTO !!!! CHINA GOVERNMENT IS URGING ITS CITIZENS TO INVEST IN GOLD... WELL SHIT WHAT DOES THAT TELL YOU.. CHINA DOES NOT HAVE NEARLY AS MUCH GOLD AS US, there the US and China have a very very good relationship right now =) stop listening to these doom and gloom fools

[DayTradersWin]

Interesting video - friend and subscribe for day trading, day trader, day trade videos, technical analysis...

[7Losses]

How the heck am I just now (Feb 2011) learning of this? Nothing on the news at all. Guess it wasn't as important as the cricket results....

[xPURPLExKILLERx]

You are sexy,

[DickOPlenty]

peep this video watch?v=Enm0CBx52g4

[endtyrany]

People are so nieve. America has done this to itself. Devalueing its currency ever since the federal reserve act. this is all being done to depopulate 80% to 90% of the population. we are on the fast pace to destroy civilization. The 1st thing you can look to happen will be to loose the internet. The MSM will lie as the have allways done to keep the population calm. With global warming, oil shortages,

food and water shortages and no common sense in TPTB.They think there is

no option for us.

[VikRamInc]

President Putin ooo ok... I dont know that :) 0:14

[GoldInMind]

@VikRamInc c'mon, even before wikileaks it was clear who the real president is ;-)

[VikRamInc]

@GoldInMind yea i know that too, but that's good when both of them in the good side.

[spiglator]

@GoldInMind Well, both Communist countries have just shot themselves in the foot. The dollar is still the reserve currency for 70% of the world economy.

[M3diaCultur3]

@spiglator it's exactly the point that the unstable dollar as the world reserve currency for the reason why those "communist countries" are ditching it.

i think it's funny that you still see it as "oh 70% of the world is still on our side".....

not to mention this is bilateral trade (trade only between those 2 countries).

[spiglator]

@M3diaCultur3 Ok Mr. currency expert RIGHT NOW check out where the dollar is against the three currencies that matter the most; the Euro, Yen and UK Pound. The BRIC nations can trade in whatever, they want. They still have to buy oil in dollars except Russia, which has plenty of its own. After the passing of the tax package today expect Bernake to scale back that 600 M in treasuries. I want the Communist countries to ditch the dollar. I want our allies to own our debt, not our enemies!

[M3diaCultur3]

@spiglator you want your allies to own your debt?? lol, good luck in keeping them as allies.

[spiglator]

@M3diaCultur3 Listen Junior, I would rather have countries like Japan, which now is already buying the majority of our debt and South Korea both our allies buy our notes. We defend them with our Pacific fleet. That's how we keep them as allies. Eventually, American money parked in investments abroad will return

home as long as we keep the cap gains taxes low. We also need to lower the corporate tax rate. I don't know why you're laughing.  What are you six years old or something?

[M3diaCultur3]

@spiglator you do know that japan went through a sort of financial suicide that benefited the america, do you?

so far, it just sounds like you're the one who's hurting. i mean, i dont see russians or chinese complaining.

[spiglator]

@M3diaCultur3 You mean the lost decade yes, I know. You don't see Chinese Complaining because they

would get shot. Have you ever been in the heartland of a Communist country, have you? I have, it fucking sucks. Think what you want I don't care. Your a waste of my time. Oh, one question for you. How do you keep an idiot occupied for an hour?

[M3diaCultur3]

@spiglator so you've lived in china? or russia? soviet union? cuba?

OR maybe the chinese are not complaining because they have nothing to complain about. maybe theyre getting benefits out of america's expense, which i think you seem to agree to a degree.

oh an one more thing, the american aren't the ones who "woke up". the russians and the chinese are the ones who woke up. they've made this decision by themselves, probably even through america's disagreement.

[spiglator]

@M3diaCultur3 Worse, I visited My family in Poland for 35 days straight when it was under communist rule.

There was no food in the stores. Very few people could afford the car of the time, a Polish Fiat. I understand what you are concerned about. It won't happen, the people in this country have woken up. Don't put too much stock in the views of GoldinMind. He is selling gold. Obama is going to be a one term President. I am hoping for a Republican ticket of Romney & Huckabee.

[M3diaCultur3]

@spiglator 35 days? earlier, it seemed you've spent half your life in a communist country based on how you talked about communism. they couldn't afford a car?! of all things to talk about? poland is definitely not the worse case scenario compared to other communists who literally had millions that starved to death.

"the people in this country have woken up".

-that's what americans used to say when obama got elected. you see my point here? it's a never ending cycle....

might as well elect palin.

[spiglator]

@M3diaCultur3 This was 1973 my friend, trust me, it was a mess. Please not Palin, she may be able to see Russia from her house, but she can't tell her ass from her elbow. The cycle did end for eight years when Reagan was President. We need a leader with guts. We don't have that now. We have a pussy Secretary of the Treasury too. I do have a lot of faith in Bernanke. I believe he won't do as much QE as he had previously said. I believe you and I agree on many things, just not this one.

[M3diaCultur3]

@spiglator maybe we do have a lot of things we agree on, but i'm just saying that your current presidential administration, and the one before that, caused much of the country's problems while not really accepting any responsibilities.

and when an unbelievable debt looms, it's suddenly the fault of other countries...

you do what you have to do, but when it destructively affects other countries, there really is no way out for anyone.

[spiglator]

@M3diaCultur3  It's our fault for not protecting our economic borders to begin with. We should have never sponsored China into the WTO as well. That was done during the Clinton administration. Our past three presidents have had terrible economic policies. There is always a way out. The first thing to do is phase in equalization tariffs on countries that don't practice fair trade policies. Americans must finally act in our own economic interests or our economy will collapse.

[M3diaCultur3]

@spiglator but americans aren't the only ones who must act in their own economic interests, or any other interests. other countries feel the same way too, and are in fact more competent in doing so compared to america nowadays, with all ther politicians bickering. i think that's the biggest problem that faces america. digging a hole too deep that it's hard, or even impossible, to get out of.

[spiglator]

@M3diaCultur3 One more thing if you don't like the idea of a tariff how about lowering our ridiculous 35%

tax on corporations to 10-15%. There will be no stopping the job creation then. Our Congress is made up mostly of lawyers. Lawyers really don't understand business unless they grew up in some type of business environment. So they pass stupid legislation. Bill Clinton was a lawyer.  He never created a job in the private sector. He was a great bull shit artist. Romney 2012!

.

[M3diaCultur3]

@spiglator it wouldnt bode well with other countries. it's like the issue of ireland and the eu recently. countries like germany and france didnt like the fact that ireland had such a low corporate tax rate.

that's globalization. it affects everyone.

and in this age, it's hard for america to be a producing nation with competitors in asia for example. unless the country embarks on a form of protectionism, which doesnt work in the globalized world anyway. maybe yet another war?

[spiglator]

@M3diaCultur3 My God relax!

[spiglator]

@M3diaCultur3 OK, Last post for awhile as I have a New Year with much on my plate. Canada just lowered it's corporate tax rate for the fourth time in four years. Your rate is now at 16.5% to our 35%. Your currency is on par with ours when 15 years ago it was worth 70% of it. Ron Paul is fine right where he is as an incoming House Committee Chairman where he can do much of good and no damage. And we should phase in some tariffs on good from Communist Countries; done!

[M3diaCultur3]

@spiglator what you do to commies, they will do to you. done.

[M3diaCultur3]

@spiglator i dont know about mitt romney. i think ron paul would be a better choice, if he's going to run for president.

i dont know about romney's chance due to the pr and all. "businessmen" as politicians arent really that trendy nowadays.

whoever is the president in 2012, he or she will still inherit this huge burden, that's for sure.

[M3diaCultur3]

@spiglator how to keep idiots occupied for an hour?

i don't know much about idiots. i think that's in your expertise.

[spiglator]

@M3diaCultur3 I want to turn this down a notch. You are Canadian; a friend of ours. I would rather you buy the long bond than the Chinese Communists. You would have no reason to try and pull a strategic financial coup like China and Russia just tried. The fact is they tried this too soon. The Russian economy is very weak now and China's is not big enough yet to crash our economy. I am glad people in the USA finally woke up. This will hurt them not us.

[ripfuel420]

Btw u are a really bad news commentator, only because your accent butchers the speech portion but also because you literally spent the first minute forty talking about how important this is. Fucking socialist fucks fuck fuck

[ripfuel420]

Fuck this news... I'm from the Midwest and it's like yeah fuck the federal reserve but I feel like there is no way the people will rise up to stop them so I just say whatever and fuck the us govt because it's too late the country is full of zombies. Why do you think they hate wikileaks so much? Fuckin retard Americans wake up btw I'm from Ohio.

[HDVids4free]

Hey Thank you friend. I have made your early warning page, my home page. It`s people like you I respect most. Thanks again for usefull information.

[EMPIRE0FLIES]

I saw a blurb on Faux minimizing the issue. This is very big news. Most people in the US, especially California, are still asleep. Like walking zombies.

[MrCTscan]

@EMPIRE0FLIES It appears to be almost a news black out on this subject. Time to get out of the dollar.

[EMPIRE0FLIES]

@MrCTscan Agreed. Any money not in bullion, get food and water. Price controls can really clear a supermarket shelf!

[VirginianAmerican]

See what FIAT Dollars is bringing us??

If we don't get rid of the FED and get back to real money we will be economically destroyed.

Get out of Dollars now before all these Dollars come home and hyper inflation comes! 

[incendie22]

This is big news because France, Arab Countries, Brazil and India are also planning to dump the dollar. I believe its going to happen before 2011.

[FreedomMeister]

China and Russia are going full steam to become the world leaders. Russia wants the old empire back and China has all the money to buy assets everywhere. None of them can be trusted but one things for sure, buy precious metals! The currency wars have begun.

[pakjai]

@FreedomMeister in all honesty, US cannot be trusted themselves. They tried to build an empire but it backfired and now it is depriving its citizens from what is really happening by selectively nit picking on news to broadcast. Hence most of the people in America are still living in their dreamlands thinking everything is save and sound! I feel sorry for them, because when things hit the fan, they will be in for a deep shock.

[xinecallaw]

@pakjai On behalf of the USA, you are correct inregards to the 'trust' issue. However, please keep in mind, our entire political system & ALL politicians, & govt system is very corrupt, privately owned, or for sale. This is why there is a growing movement for a 'Revolution!' So we can have a govt that is actually for the people, and leaders who dont lie so they can profit at the expense of lives lost which is well over 1 MIL. I want to see this occur ASAP or else there might be nothing to save.

[xinecallaw]

@pakjai Also, you misrepresented the proplem we have with our "Mainstream Media". Selective nitpicking, is NOT the issue, it may not help, but not the issue. Our problem is the fact that 'ANYTHING' our govt. wants silenced, is silienced. Second, THEY LIE TO FUCKING MUCH! They edit footage, photoshop details into pictures, spread propaganda, advocating violence, demonizing anyone that stands up to it, spreading fear and hate, religous bigotry, ect. You see nitpicking is the least of our problems

[geekstreat]

I watched cnbc during final hours of show, but they didnt touch on this.

I find this very disturbing, not the fact that this happened, but because it wasnt reported during trading today.

[GoldInMind]

@geekstreat Yes, very disturbing. It was the same when Brasil and China made a similar announcement earlier this year.. Same with Fanny and Freddie. It was a secret many media people knew years ahead of the crash. Nobody had the guts to scare the markets.

You need to follow alternative media in order to get the full, big picture. Ridiculously, I find Russia Today to have better coverage of world events than most if not all US TV channels.

[TheTruman777]

@GoldInMind very true. alternative media is the only sure way to get the real low down on whats happening. thanks for covering this.

[bill1328]

@GoldInMind RT kicks ass! The day the dollar died video by inflationus illustrates the panic that would happen if media would actually report what was going on. i don't believe they will. no one wants to acknowledge the 800 lb gorilla in the room!

[bill1328]

@GoldInMind RT kicks ass! The day the dollar died video by inflationus illustrates the panic that would happen if media would actually report what was going on. i don't believe they will. no one wants to acknowledge the 800 lb gorilla in the room! more so, i think the fed gov't has instructed them to keep people in the dark...

[sprinkle888]

@GoldInMind What will happen as an result of China % Russia denouncing US dollars?

[spiglator]

@GoldInMind My God, first the Fed does not print money the Treasury does. After the tax vote today I doubt the fed will do 600M in QE if any. If China and Russia want to use their own currencies to trade with each other that's great. It will lead to hyper inflation in Russia. Look at their inflation rate now. Let these two Communist countries, (yes Putin is a communist he is still in power only now as Premier) screw each other, goodnight comrade.

[DickOPlenty]

@GoldInMind "I find Russia Today to have better coverage of world events than most if not all US TV channels" that's exactly right. many people don't like RT b/c it's funded by the russian govt & some jews don't like the fact that they don't cover up israel's BS as the MSM does, but i've seen good info. from them, often much better & more interesting than mainstream news despite their many resources, financial & otherwise.

[LastTrumpets7]

@GoldInMind Disturbing indeed!