Switch away from dollar could bankrupt US economy - Celente

Most international trade is done in dollars, but if it is abandoned for another currency, China and other suppliers may no longer want to buy worthless U.S. debt, argues Trend Research Institute founder Gerald Celente.

Category:

News & Politics

Tags:

• trade
• dollar
• currency
• China
• supplier
• debt
• Gerald
• Celente
• торговля
• доллар
• валюта
• Китай
• поставщик
• долг
• Джеральд
• Челенте

[jaingxu]

We are screwed, and Obama is our worst enemy. And we have to watch him parade around like he's some kind of hero on top of it.

[Blackjack555]

The Dollar is toast.

[CI9TK]

I found that 'Time' article by searching Yahoo for "Saddam Hussein Oil Exchange". It is well known that Oil is traded on the world market with NYMEX setting the price - in dollars. No matter who buys it or who sells it, the price is set in Dollars. If The USA were not an Empire (watch "Why We Fight") we would not need a bloated Defense budget (compare THEIR prices to Social Security any day). Bush himself said "protect American interests" overseas.

Hey, whatever happened to Saddam Hussein?

[CI9TK]

Saddam Turns His Back on Greenbacks

William Dowell, Nov 13, 2000

Europe's dream of promoting the euro as a competitor to the U.S. dollar may get a boost from SADDAM HUSSEIN. Iraq says that from now on, it wants payments for its oil in euros, despite the fact that the battered European currency unit, which used to be worth quite a bit more than $1, has dropped to about 82[cents]. Iraq says it will no longer accept dollars for oil because it does not want to deal "in the currency of the enemy."

[tomcatpak]

RussiaToday is no more russian than FedEx is federal. These british jerks think they can manipulate Russian public opinion in this way.

[sharkloaner]

Have you heard of the "Brenton Woods accord" you dumb shit? The dollar was tied to oil  so countries had to buy dollars for real goods if they wanted to get oil! America had enjoyed free things at the expense of all of us but now the game is over. No more free pizza for you fat americasses. We're shipping back your dollars and we're getting the goods now.I personally got many pounds of silver and some gold from the states in exchange for filthy dollars at 1.40$/euro How convenient.Thanx retards!

[WarTurtle007]

oh i for got to say but Wildkkat1is having sex with you for free! males, females, pigs doesnt matter what u ur he will fuck u for free so if u live not far from him make sure to pay him a visit :D

[WarTurtle007]

lol whe defeated 80% of the nazis with millions of our men! your shit money aint even worth that much amount of men. good old russia safed americans asses from getting raped at the westfront while taking on the big boys at the east you punk! also no one owns the US trillions its the other way around and US keeps borrowing money from europe you punk!

[Wildkkat1]

If all the countries paid the USA back the TRILLIONS they owe, there would be no problems!

[Wildkkat1]

Yea, when your country was getting crushed by the nazi's it was the good ole USA saved your asses, gave your people money to rebuild, how much did you pay back? Thats right $0.00 You punk!

[JACTheGAT]

The USA has been bankrupt since the 1930's, you the american people are listed as colletaral for the massive debt you "owe" to the Federal Reserve.

[MarshallKutuzov]

US Trade deficit finally reached ONE TRILLION DOLLARS today!

Congratulations to all Americans who kept borrowing money they couldn't repay, and buying stuff from abroad without having any money!

ROFL!