A false dawn for the dollar

[6Do6llar6]

is this why Russian and Chinese authorities lowering paper against dollar ? I see .Gloomy future for the dollar becasue Ruble and Yuan supported by gold . right ?

[4Mr2Red0Eyes]

fuck the dollar get rid of it

[chairde]

Peter Schiff has been calling the impending collapse of the dollar for several years now and it simply doesn't happen. Today the dollar is worth 31Russian Roubles, 6 Chinese Yuan Ri and it has been holding strong even during this recession. Schiff has no bonefides and he is just a talking head. He is no expert.

[AlexanderSigal]

we should all just go back to gold.

[4Mr2Red0Eyes]

you want to carry around a chunk of gold around. go ahead will probably get jumped haha

[AlexanderSigal]

shit, if that chunk is big enough, u can use it as a weapon to knock aggressor out :)

[robert7232]

What a sad day it is to see that Russia Today will broadcast truth when our own media and government will not. At least about the crappy financial management of the US government.

[fpm229]

Bullshit.

[RussianDefender100]

I Love throwing of the Dollar ))

the world does not need to wait for

a hyperinflation and must slowly dump

the shitty green toilet paper

[Dollarisdead09]

thank you RUSSIATODAY for giving peter schiff and gerald celente time to explain their views

i wish the mainstream media in United States was more open...

[mathumma]

US knew about its monetary imbalances. That's probably why they are in the middle east escalating problems. (all the major oil exporting countries are corrupt or dictatorships). As long as the oil producing countries sell their crude exclusively in dollars, the US dollar will hold out for a while.

[nuprincenj]

damn i love rt propaganda

[PresidentTeleprompte]

Shit

[markynj]

And the merchants of the earth weep and mourn over her, because no one buys their cargoes any more— 12 cargoes of gold and silver and precious stones and pearls and fine linen and purple and silk and scarlet, and every kind of citron wood and every article of ivory and every article made from very costly wood and bronze and iron and marble,

[happyness01]

Wikipedia search: Russian_apartment_bombings to see how the Chechnyans are framed for crimes committed by YOUR FSB. Evidence is overwhelming, hence the assassinations of Yandarbiyev, Shchekochikhin, Politkovskaya, Litvinenko. Russia has laws to permit the assassination of "enemies of the Russian regime". You claim the holier than thou rubbish, I doubt entirely your intentions are for the good of mankind!

[Gigagamer74]

Russans dreams.

[RussianDefender100]

Dollar is nothing but a green toilet paper

which is not backed up by anything

and thats a FACT :))

[abarzilai664]

How about the fact that your currecy is backed by a certain black liquid.

[RussianDefender100]

HAHAHAHAHHA !!!

I Love the THROWING of the dollar

:))

[LoveAndLiberty1776]

haha, I guess this is the Russians ultimate dream =)

I agree with them....but for different reasons. The death of the dollar will mean the death of the FED. And that's gonna be the biggest party ever!!!!

thomaspainereturns. net

[braineater316]

Death of the FED? Yeah right, they own everything that is of real value. They got us by the balls right now...

[RussianDefender100]

Why is this news ???

There is no more escape for the weakening

dollar. Its better if the world just dumps

this shitty paper before it hits hyperinflation

which will be coming in november or early 2010 and The United Shits of Amurica

will collapse at that time ))

[stewart0312]

OMG, I cant believe she did that.

[DannyGrowth]

She's not doing anything the rest of the world isn't thinking.

[ktchong]

I'm not sure why the US media is not reporting this: new data show that China has been a net seller of US treasuries since April.

When China buys from the US, they are buying short-term bonds while selling long-terms bonds. Which prepares China to dump US notes in case of an inflation.

[robertus911]

If Russia and China doesn't want the U.S. dollars they can give them to me I will take the burdon off them. It doesn't matter how many just e-mail me and I will be right there to pick them up.

[OrphanPaper]

great report ,,, i great acting with the over the sholder dollar ,, and what lover eyes you have

[RacistSkinhead1488]

I hope USA will collapse.

Americans are fat, stupid and drug addicts anyway. Americans are subhumans. :D

[murderface74]

Im in Stephenville Tx, and it is 1 20pm on the 4th of July 2009, and our skys are criss crossed with Chemtrails. I cleaned my sons kiddy pool out this morning and there was a chalky film, I have been sent messages through the crop circles, and they led me to the Hopi Indians. The Hopi have the rest of the stories passed down to us through time from people who lived much closer to the earth and were far more advanced than we give them credit for. The prurefication is about to begin.

[OrphanPaper]

a low Us dollar maybe good for the Us ?

its goods may be cheeper and imports higher incorruging home baces growth,

but what do i know I'm just a dumb pesent boy ????

[Northern5tar]

A low dollar has its pros and cons.

But thats not what this is about. The dollar has no real backing. Its value is beyond inflated. For decades they've kept printing like there was no tomorrow. The only thing that keeps it afloat is faith. And as anyone can see, that faith is eroding fast.

What happens when the ball finally starts to roll is not just a low us dollar, it will mean hyperinflation. A total meltdown.

[OrphanPaper]

sounds familiar , early 1930,, ,,, Europe ,

[a7green]

....... When the U.S. announces the 'North American Union' , along with its new currency...

Don't be so surprised.

[sugarpuddin88]

Currently, the world is forming ad-hoc currency baskets for trade in order to get away from the contamination, which is the US dollar, (google: Shanghai Organizational Coop); & setting up for a new World Order Currency

Meanwhile, the USA has Stockholm Syndrome, where the terrorized population through Obama actually supports their terrorist: This week Obama is actually giving more power to their captors, the Federal Reserve Bank, rather than prosecuting them

[sugarpuddin88]

Just face it: Americans love to bend over & take it like a little yatch!

Meanwhile, my Norwegian Kroners are going ballistic - Thank god I rolled all my IRAs, 401s & annuities into foreign currency IRAs

Now I'm making a killing!

The worse America does, the more money I make!

Go America Go!

[mrzack888]

you go boy!

[trple5]

Amerikkka is FUCKING DONE.....LMFAO!!!!

[watchyourst3p]

ahahahahaha she throwing the dollar away in the end is the best part.

[mikkitiny]

don't worry she will pick it up after.

[ducati27012]

You listen to that, marshalltheposer, if we go down you go down as well. Oh but I bet you don't have a job you just sit around all day posting your worthless hack shit here. I don't care, put a dick in your mouth, just do something

[lvecsey]

but do we export 3 trillion a year to match the imports?

[mikkitiny]

not even close.

[ducati27012]

Marshalltheposer POST ON TOPIC as you screem to us all the time. FAGOT

[ejbh3160]

Celente says "if America doesn't consume the global markets slow down dramatically". I don't think that has to be so this time!

The rest of the world might just decide to consume without America. China doesn't require America's 'debt' anymore.. it could consume at home & grow its own economy like America did in the last Century.

What the endless bail-outs will lead to, is the introduction of the Amero as a response to hyperinflation. Its kinda obvious!

Bail-outs!

What a ridiculous idea that was!

[Igor707]

G. Celenete: "America has only 5% of the world population, but consumes 25% of the world's energy and 3 trillions of world's exports"

And what does USA give to the world in return? Paper!

This is unsustainable!

[GermaineIlya]

lol

like colonisers use to exchange gold for shiny worthless crap with native Americans

these guys print international reserve currency paper and get all they need in return

[fostereric]

it is only sustainable if US keeps a huge modern military that bullies everyone into using the dollars.

in fact, the dollar is backed by military and nukes

[Tigerpaws9097826]

Well - no, even a strong military can't forever support a strong currency. Chalmers Johnson, a reknowned historian and astute observer of contemporary culture, has noted that, historically, the fall of every empire has its roots in an overexpansive military requiring funding beyond the empire's ability to pay. We could be entering the same situation.

[Igor707]

"in fact, the dollar is backed by military and nukes"

And the whole world is stupid and cannot make nukes of its own?

Today N. Korea and Iran, tomorrow Syria, Venezuela, Cuba and the day after everyone will have nukes.

One way or another 5% of he population cannot rule 95% (actually 50% - this is the world minus Russia, China, Brazil, India and other which USA cannot control). That is unsustainable!

[H0spitaller]

Yep the world politics are becoming bypolar so USA as a superpower is loosing it's influence over world as days go by

[fostereric]

other countries can make nukes, but US will always have better ones ;)

the only other country that can make better is Russia, but they are not ready to take the world throne so quickly after their brutal soviet history and the distrust people associate with Russians.

When saddam wanted to sell his oil in euros, he got invaded. strong military and nukes help keep the dollar strong.

[mikkitiny]

yeah, and stop mongols of invading US.

[sugarpuddin88]

America bankrupt:

102 trillion for SS & medicare

25 trillion for TARP & bailouts

53 trillion plundered from other trusts

Every single American man, woman & child owes over $600K in FED Gov debt

The US dollar will collapse within the next 1 to 2 years

Check out Rockefeller & Senate Bills 773 & 778 attempting to end American access to the Internet

Americans lost all but no. 3 of their Bill of Rights; Geithner has been wrong about everything for 15 straight years!

1 in 10 on US food stamps!

[perkele0079]

Ah, Russian Schadenfreude... such a sweet sound.

[peterscottfrost]

The dollar seems doomed as a result of the U.S. government's outrageous spending and the Fed's increasing of the money supply. But I'll bet she still picked that dollar up off the grass when she was done.

[GermaineIlya]

=)

the bubble is about to implode anytime

US abolished gold standard and saved dollar ones

got China into the Wolds market and saved it again

destroyed USSR and dumped 30% of the dollars there saving it ones again

but now there are no more options

[cool70200]

Stop government spending increases period,

cut current wasteful government spendings

cut taxes on the lower and middle classes and small-mid size businesses

Yes this means less tax revenues, and less funding for political pork and buddies, but its better than sinking a country altogether.

stop funding wasteful military nonsense

military spending for national defense is ok, but global/political power projections led by bureaucrats is stupid

[iluvwine13]

How come nobody.....I mean nobody talks about the Weimer Republic. That is what is happening to the US. Look it up if you don't know.

[cool70200]

This is what happens when anyone, anyone! moves away from truth and good judgment in favor or political might.

Its not always about what any government or central bank can force into law and do because no one is around to stop them.

Its about the long term consequences.

If any government move their economies away from the real purchasing power of the middle and lower class workforce and embrace wreckless government spending, "because they can", your going to get a mess.

[unworldlything]

idiot russian.... if dollar goes toilet paper, we are all fucked!

[sypherffs]

Not really, the world will just consume what it produces instead of America.

[unworldlything]

that is the simple minded idiotic answer... hahahaha~~~

[sypherffs]

Then what is the open minded intelligent answer?

[unworldlything]

dollar is the reserve currency and world trade currency. One day it become worthless. How will rest of the world move commodty to each other and product to each other? money is means of exchange. no dollar means no exchange. it is not simply a matter of domestic consumptions....

[thequietkid10]

riiiiiiiiight

the US is the king of consumers, everybody knows this, and if we fall then the whole world is going to be for a world of hurt, if that wasn't true, China would have stopped buying our debt already.

[ktchong]

The reason why Americans could afford to spend, spend, spend is because the US dollar is treated as the world's "reserve" currency. The U.S. just keeps printing paper money without producing anything useful. Then Americans use those papers to trade for ACTUAL goods from other countries. Other countries treat those US papers like gold, using those papers to back their own currencies.

It is the legacy of the aftermath of World War II. But the war is a long time ago. It's time for change.

[sypherffs]

Bingo.

[hpd707]

"The U.S. just keeps printing paper money without producing anything useful."

Actually, the United States produces many useful products. However, not nearly enough to justify the level of spending we've seen since the early eighties. The US has plenty of resources and human capital to be very prosperous, but our leaders have sold us out to the globalists and international bankers.

[HawashinawaYahawah]

America is finished!!

[unworldlything]

no hahahaha

[motonegros]

The Greatest Man-made Disaster In The History Of Civilization Is Now Unfolding

[Speaksforthetrees]

A few more shorts and we go long clean you all out .

These are teaser rates .

[jordan2tagg]

Now guys don't get fooled and rushed out of dollars in the short term, because over the next months it will rise dramatically!! This will be due to deflation over the summer months heading to september,

[KnowledgesPower]

...and technically the US is bankrupt!

[KnowledgesPower]

How can a country print fiat money and claim the dollar is going strong? US embassy have been ordered by our adm. to buy local currency around the globe. Is the dollar going off the cliff soon? China Brazil have expressed no longer interest in the US dollar. I wonder why? Our leaders really believe the rest of the world are sheep just as here in the US? Happy 4th to all real american patriots around the globe! Peace!!

[Rockguitarnow]

Russia Today, I hope you know that Peter Scvhiff is shorting the dollar, that's all he is doing. Schiff is betting the dollar will fall considerably where he then can earn millions.

Schiff isn't very smart. He doesn't even know that the federal reserve banks print the dollars, not the US govt.

[700eyesonly007]

Obama is dreaming.

Peter Shiff and Gerald Celente are absolutely on the mark.

Ask...what's behind the dollar? Answer: Nothing it's just green toilet paper.

Citizens are trying to audit the Federal Reserve here because they seem to be printing currency like water with no approval/oversight from Government and just pumping them out.

Pretty soon it's going to be like Zimbabwa money, completely worthless.

Smart Americans are changing out fiat currency for gold and silver.

[KhmerD0g]

other famous economists like Marc Faber, Jim Rogers and Max Keiser are all in line with Peter Schiff and Gerald Celente.

[thequietkid10]

these people are only famous on youtube.......

in a recent poll Chris Dodd looses in a head to head match up with one of his GOP rivials, but in a head to head matchup he beats Schiff.

[KhmerD0g]

chris dodd is a politician while schiff is an economist. all the people i mentioned are economist and actually doing real life economic/business stuff

besides, 95% of the population is too stupid and uneducated to see what is happening. they don't read books. they watch mainstream media which is just a propaganda machine. once the population realizes the truth there will be a revolution. majority of the population doesn't know that the FED is a private institution.

[KnowledgesPower]

a private bank has brought down the biggest country in it's knees! No one especially those in congress should protect us & the constitution have done a flipping effort to stop a criminal mafia institution a.k.a 'the federal reserve bank'. Again a private corporation takes over the biggest country on the planet. Dig deeper and you'll find this is only the beginning of the end of our liberties.

[ducati27012]

everybody is still buying our bonds, so who are the stupid ones

[ducati27012]

oil is still tied to the dollar gold is still tied everything is. Russia and China are going to build a pipeline and they can't even deside which currency to use. The idiots didn't think that they can't buy anything without the dollars

[5687678]

Which source did you got it from? I want to read it.

[kancerzx]

US Dollar = Debt

[ducati27012]

Hey "marshall the poser" I make something that I export. and I hope it kills you

[MarshallKutuzov]

the only thing you make is your own piss.

[RFXCGZZ]

tbh i think its too pessimistic

[FreedomsReigning]

How do we move forward from here?

"LaRouche Webcast: June 27th 2009"

watch?v=QXEZSTQwGh8

We need to move forward under constitutional law, and a system of national credit serving our country, not the British banking cabal and Oligarchy.

The British are our ENEMY! Their Empire is run through monetary policies that lead back to Europe. Until we understand this, the United States will have no policy that has any chance of pulling us back from a new Dark Age of mass genocide.

[igorvasilevsky]

Thanks for video. Very interesting.

[starfireucsd]

damn, it has gotten to a point where even a reporter would willingly throw a dollar away.....

A sad day for the US

Land of the Slaves and Home of the Cowards.......

[peepeevagi]

Well, no shit.

It's literally been a "no shit" thing ever since.

Damnit.

[SCX2k]

lol BEST news ever

throwing away a dollar

very nice ;)

[igorvasilevsky]

And US will create another false flag attack to justify the devaluation of dollar.

They will say "oh, look, we did all that we can, we printed huge trillion's emissions, but this DAMN TERRORISTS, they devaluated our dollar, damn muslims".

Another american lie is coming, americans.

[MarshallKutuzov]

The lie is coming! "We are keeping the dollar *deliberately*, to encourage exports".

The problem is...  they don't MAKE anything to export! ROFL!

[happyness01]

Marsh- you are living in Britain, your profile shows every clue, as do you! You refer loads in other videos to David Milliband, you refer to particular London terms, your profile has every indication of someone living in east london, hence the George Galloway attraction. You obviously follow politics closely and have a British passport! Caught in the act!! Faker!!!

[MarshallKutuzov]

end wot do yoo know abart Devid Miliband, Efrikaaner? Yet you claim to live in Sarth Efrikkka.

How it angers you that foreigners can write your language better than you can, and bother to take an interest in world affairs?

Miliband is the piece of shit who deported Russian diplomats from London, and who supported your fascist Georgian war against S Ossetia. He's a nasty little Zionist CUNT. 

You should learn the difference between "Zionist" and "jewish", knuckledragger.

[happyness01]

marshswamp - glad you can't defend your claim that I am wrong that I know you live deep in East London, I am born with an extremely high IQ, unlike you. Glad you can see that English is my first language, takes you a while to see things! As for my English, again I am far more bright than you or your refugee friends! You can see that, and again have to sink to low depths of despair of pointless namecalling. Shame, you need a severe therapist!!!

[MarshallKutuzov]

offtopic, empty bigoted shit.

You are a witless troll.

[happyness01]

Mrashswamp - All you got in your empty cannon, your age is showing!!!!

[MarshallKutuzov]

Your age isn't showing, because you failed to disclose it, you sack of lying shit.

[happyness01]

I am 31, if you wanna know! Doing fantastic, unlike fossil you! Hahahaha!!! I thought it said it there, will put it there tomorrow. Isn't it late in London?! Shouldn't you be in bed?!?!?! Hahahahaha!!! You are ancient after all!!!!!

[happyness01]

igorvasilevsky - Your Mother Russia is just as deep in the mire as the USA. Wikipedia search: Russian_apartment_bombings to see how the Chechnyans are framed for crimes committed by YOUR FSB. Evidence is overwhelming, hence the assassinations of Yandarbiyev, Shchekochikhin, Politkovskaya, Litvinenko. Russia has laws to permit the assassination of "enemies of the Russian regime". You claim the holier than thou rubbish, I doubt entirely your intentions are for the good of mankind!