Venezuela drops US dollar will use euro for international transactions

[Vikrant]

Good. The use of the Dollar of as an international unit of currency has made it too strong, hurting our Trade Balance.

Our debt will kill us if countries stop using the dollar.

As the dollar deflates our debt deflates too. Surely you saw that coming? I mean, literally, it has been obvious for decades.

There are many countries dropping dollar and using their own currencies for bilateral trades. It increases their purchasing power significantly. For example: India and Russia trade in rupee and ruble. India and Iran trade in rupee and rial.

Good for them.

the Rupee hit all time lows against the dollar just a month or two ago; their currency is nearly worthless, so naturally they are desperate enough to take another worthless currency in trade. We certainly don't want rupees, except maybe for joke wall paper. this normally would help their exports, but we're swamped with other countries' crappy low end goods, so their main export is indentured servants to Silly Con Valley, where even their big giant educations are worth less than a janitor's. they are also the world's third largest importers, which of course is bad for them; they refuse to stop rampant corruption, so it will be reaching failed state status soon. They hoped for BRICS to allow them to extort the U.S. and Euro countries into over-valuing their worthless currency, but that didn't happen; we hear nothing about BRICS any more, it was supposed to drive us into ruin, too, like all the other idiot schemes so now their foreign accounts are loaded down with worthless crap and they will have to pay in gold or some other barter, like some medieval despot.

It is OK for countries to trade with each other in their respective currencies. There is nothing wrong with it. If certain countries feel that their currencies are undervalued under current international monetary system then they are bound to take actions such as what is being discussed on this thread. There is a difference between value and price. You do not seem to understand that.

 

[Vikrant]

Good. The use of the Dollar of as an international unit of currency has made it too strong, hurting our Trade Balance.

Our debt will kill us if countries stop using the dollar.

As the dollar deflates our debt deflates too. Surely you saw that coming? I mean, literally, it has been obvious for decades.

There are many countries dropping dollar and using their own currencies for bilateral trades. It increases their purchasing power significantly. For example: India and Russia trade in rupee and ruble. India and Iran trade in rupee and rial.

Good for them.

India and China are in similar talks. It seems to be gathering momentum. Countries are bound to take actions that are in their interest. This does not mean they want animosity with the US.

 

[Toddsterpatriot]

Our debt will kill us if countries stop using the dollar.

As the dollar deflates our debt deflates too. Surely you saw that coming? I mean, literally, it has been obvious for decades.

There are many countries dropping dollar and using their own currencies for bilateral trades. It increases their purchasing power significantly. For example: India and Russia trade in rupee and ruble. India and Iran trade in rupee and rial.

Good for them.

the Rupee hit all time lows against the dollar just a month or two ago; their currency is nearly worthless, so naturally they are desperate enough to take another worthless currency in trade. We certainly don't want rupees, except maybe for joke wall paper. this normally would help their exports, but we're swamped with other countries' crappy low end goods, so their main export is indentured servants to Silly Con Valley, where even their big giant educations are worth less than a janitor's. they are also the world's third largest importers, which of course is bad for them; they refuse to stop rampant corruption, so it will be reaching failed state status soon. They hoped for BRICS to allow them to extort the U.S. and Euro countries into over-valuing their worthless currency, but that didn't happen; we hear nothing about BRICS any more, it was supposed to drive us into ruin, too, like all the other idiot schemes so now their foreign accounts are loaded down with worthless crap and they will have to pay in gold or some other barter, like some medieval despot.

It is OK for countries to trade with each other in their respective currencies. There is nothing wrong with it. If certain countries feel that their currencies are undervalued under current international monetary system then they are bound to take actions such as what is being discussed on this thread. There is a difference between value and price. You do not seem to understand that.

It is OK for countries to trade with each other in their respective currencies.

Right. But no one wants to get stuck with a bunch of rubles the next time Putin does something stupid.

 

[Vikrant]

As the dollar deflates our debt deflates too. Surely you saw that coming? I mean, literally, it has been obvious for decades.

There are many countries dropping dollar and using their own currencies for bilateral trades. It increases their purchasing power significantly. For example: India and Russia trade in rupee and ruble. India and Iran trade in rupee and rial.

Good for them.

the Rupee hit all time lows against the dollar just a month or two ago; their currency is nearly worthless, so naturally they are desperate enough to take another worthless currency in trade. We certainly don't want rupees, except maybe for joke wall paper. this normally would help their exports, but we're swamped with other countries' crappy low end goods, so their main export is indentured servants to Silly Con Valley, where even their big giant educations are worth less than a janitor's. they are also the world's third largest importers, which of course is bad for them; they refuse to stop rampant corruption, so it will be reaching failed state status soon. They hoped for BRICS to allow them to extort the U.S. and Euro countries into over-valuing their worthless currency, but that didn't happen; we hear nothing about BRICS any more, it was supposed to drive us into ruin, too, like all the other idiot schemes so now their foreign accounts are loaded down with worthless crap and they will have to pay in gold or some other barter, like some medieval despot.

It is OK for countries to trade with each other in their respective currencies. There is nothing wrong with it. If certain countries feel that their currencies are undervalued under current international monetary system then they are bound to take actions such as what is being discussed on this thread. There is a difference between value and price. You do not seem to understand that.

It is OK for countries to trade with each other in their respective currencies.

Right. But no one wants to get stuck with a bunch of rubles the next time Putin does something stupid.

No body is asking you too get stuck with rupee or any currency that you do not want to get stuck with. You are free to get stuck with any currency you choose. That is the whole point. Apparently, some countries do not mind getting stuck with rupee or ruble or rial or whatever.

 

[Toddsterpatriot]

There are many countries dropping dollar and using their own currencies for bilateral trades. It increases their purchasing power significantly. For example: India and Russia trade in rupee and ruble. India and Iran trade in rupee and rial.

Good for them.

the Rupee hit all time lows against the dollar just a month or two ago; their currency is nearly worthless, so naturally they are desperate enough to take another worthless currency in trade. We certainly don't want rupees, except maybe for joke wall paper. this normally would help their exports, but we're swamped with other countries' crappy low end goods, so their main export is indentured servants to Silly Con Valley, where even their big giant educations are worth less than a janitor's. they are also the world's third largest importers, which of course is bad for them; they refuse to stop rampant corruption, so it will be reaching failed state status soon. They hoped for BRICS to allow them to extort the U.S. and Euro countries into over-valuing their worthless currency, but that didn't happen; we hear nothing about BRICS any more, it was supposed to drive us into ruin, too, like all the other idiot schemes so now their foreign accounts are loaded down with worthless crap and they will have to pay in gold or some other barter, like some medieval despot.

It is OK for countries to trade with each other in their respective currencies. There is nothing wrong with it. If certain countries feel that their currencies are undervalued under current international monetary system then they are bound to take actions such as what is being discussed on this thread. There is a difference between value and price. You do not seem to understand that.

It is OK for countries to trade with each other in their respective currencies.

Right. But no one wants to get stuck with a bunch of rubles the next time Putin does something stupid.

No body is asking you too get stuck with rupee or any currency that you do not want to get stuck with. You are free to get stuck with any currency you choose. That is the whole point.

Exactly. That's why many third world countries prefer to transact in dollars.

 

[Vikrant]

Good for them.

the Rupee hit all time lows against the dollar just a month or two ago; their currency is nearly worthless, so naturally they are desperate enough to take another worthless currency in trade. We certainly don't want rupees, except maybe for joke wall paper. this normally would help their exports, but we're swamped with other countries' crappy low end goods, so their main export is indentured servants to Silly Con Valley, where even their big giant educations are worth less than a janitor's. they are also the world's third largest importers, which of course is bad for them; they refuse to stop rampant corruption, so it will be reaching failed state status soon. They hoped for BRICS to allow them to extort the U.S. and Euro countries into over-valuing their worthless currency, but that didn't happen; we hear nothing about BRICS any more, it was supposed to drive us into ruin, too, like all the other idiot schemes so now their foreign accounts are loaded down with worthless crap and they will have to pay in gold or some other barter, like some medieval despot.

It is OK for countries to trade with each other in their respective currencies. There is nothing wrong with it. If certain countries feel that their currencies are undervalued under current international monetary system then they are bound to take actions such as what is being discussed on this thread. There is a difference between value and price. You do not seem to understand that.

It is OK for countries to trade with each other in their respective currencies.

Right. But no one wants to get stuck with a bunch of rubles the next time Putin does something stupid.

No body is asking you too get stuck with rupee or any currency that you do not want to get stuck with. You are free to get stuck with any currency you choose. That is the whole point.

Exactly. That's why many third world countries prefer to transact in dollars.

That is fine too. Countries should be free to trade in whatever currencies they want to trade without having to invite someone's wrath. As I said earlier, there is a difference between price and value of a currency. What you are witnessing is emergence of a group of nations that value each other's currency because of the nature of the trade they have with each other.

Let me give you an example: Iran is willing to accept Indian rupee for oil payment. This strengthens India's purchasing power in its trade with Iran. India is willing to accept Iran's rial. This strengthens Iran's purchasing power in its trade with India. It is a win-win arrangement for both countries. This is the same deal Russia and India have. Now, India and China are negotiating the same deal. Think of it as a barter system if it helps you understand it better.

 

[Toddsterpatriot]

the Rupee hit all time lows against the dollar just a month or two ago; their currency is nearly worthless, so naturally they are desperate enough to take another worthless currency in trade. We certainly don't want rupees, except maybe for joke wall paper. this normally would help their exports, but we're swamped with other countries' crappy low end goods, so their main export is indentured servants to Silly Con Valley, where even their big giant educations are worth less than a janitor's. they are also the world's third largest importers, which of course is bad for them; they refuse to stop rampant corruption, so it will be reaching failed state status soon. They hoped for BRICS to allow them to extort the U.S. and Euro countries into over-valuing their worthless currency, but that didn't happen; we hear nothing about BRICS any more, it was supposed to drive us into ruin, too, like all the other idiot schemes so now their foreign accounts are loaded down with worthless crap and they will have to pay in gold or some other barter, like some medieval despot.

It is OK for countries to trade with each other in their respective currencies. There is nothing wrong with it. If certain countries feel that their currencies are undervalued under current international monetary system then they are bound to take actions such as what is being discussed on this thread. There is a difference between value and price. You do not seem to understand that.

It is OK for countries to trade with each other in their respective currencies.

Right. But no one wants to get stuck with a bunch of rubles the next time Putin does something stupid.

No body is asking you too get stuck with rupee or any currency that you do not want to get stuck with. You are free to get stuck with any currency you choose. That is the whole point.

Exactly. That's why many third world countries prefer to transact in dollars.

That is fine too. Countries should be free to trade in whatever currencies they want to trade without having to invite someone's wrath. As I said earlier, there is a difference between price and value of a currency. What you are witnessing is emergence of a group of nations that value each other's currency because of the nature of the trade they have with each other.

Let me give you an example: Iran is willing to accept Indian rupee for oil payment. This strengthens India's purchasing power in its trade with Iran. India is willing to accept Iran's rial. This strengthens Iran's purchasing power in its trade with India. It is a win-win arrangement for both countries. This is the same deal Russia and India have. Now, India and China are negotiating the same deal. Think of it as a barter system if it helps you understand it better.

I understand it fine.

 

[Correll]

Good. The use of the Dollar of as an international unit of currency has made it too strong, hurting our Trade Balance.

Our debt will kill us if countries stop using the dollar.

As the dollar deflates our debt deflates too. Surely you saw that coming? I mean, literally, it has been obvious for decades.

There are many countries dropping dollar and using their own currencies for bilateral trades. It increases their purchasing power significantly. For example: India and Russia trade in rupee and ruble. India and Iran trade in rupee and rial.

Good for them.

India and China are in similar talks. It seems to be gathering momentum. Countries are bound to take actions that are in their interest. This does not mean they want animosity with the US.

Good point.

 

[Picaro]

The real Indian currency is gold, not rupees.

 

[Vikrant]

The real Indian currency is gold, not rupees.

India has goods and services that Iran and Russia value. Similarly, Iran and Russia have goods and services that India values. This is all that matters.

 

[Picaro]

The real Indian currency is gold, not rupees.

India has goods and services that Iran and Russia value. Similarly, Iran and Russia have goods and services that India values. This is all that matters.

The trade with Iran amounts to around $9 billion, not much to build a 'collapse of the dollar' scenario on, and with Russia your businesses will want to be paid in gold, not Rubles, and it will amount to about the same amount as Iran's. Soon India will have to choose between trading with Iran for a $9 billion pittance gross bilateral, or join with Trump if he chooses to invoke the original embargo rules. Naturally India will decide in favor of the bigger traders.

 

[Picaro]

That is fine too. Countries should be free to trade in whatever currencies they want to trade without having to invite someone's wrath. .

So you have no problem with the U.S. being free to end trade with India because of India's trade with terrorists threatening to nuke one of our allies, and getting our other allies to do the same. Thanks, since we're going to exercise our freedom to trade with who we want to as well.

 

[Natural Citizen]

Space Force ain't for nothing, boys. Recall that the majority of the NSA spying was on the international financial clearing of other nations, though western media naturally only talked about spying on our phone calls.

We've seen some very interesting space mergers since the creation of the Asian and BRICS banks. Many of the nations who have joined them have merged together and put satellites in space. Those satellites are for a reason. International financial clearing happens in space.

Putting that aside, we've been in a currency crises for some time. We're nearing the back end of it as our dollar has been devalued down to about 4 cents in real value now. And we're 22 trillon in manufactured debt. We have a believe in deficit financing. A welfare state. A centrally controlled economy by a central bank. Inflationism. It's patently socialist. Our monetary policy is designed to fail, anyone with even a basic grasp on economic theory and monetary policy understands this.

The rest of the world will respond while we wall ourselves in with jackboot thugs in preparation for the inevitable collapse.

 

[Toddsterpatriot]

Space Force ain't for nothing, boys. Recall that the majority of the NSA spying was on the international financial clearing of other nations, though western media naturally only talked about spying on our phone calls.

We've seen some very interesting space mergers since the creation of the Asian and BRICS banks. Many of the nations who have joined them have merged together and put satellites in space. Those satellites are for a reason. International financial clearing happens in space.

Putting that aside, we've been in a currency crises for some time. We're nearing the back end of it as our dollar has been devalued down to about 4 cents in real value now. And we're 22 trillon in manufactured debt. We have a believe in deficit financing. A welfare state. A centrally controlled economy by a central bank. Inflationism. It's patently socialist. Our monetary policy is designed to fail, anyone with even a basic grasp on economic theory and monetary policy understands this.

The rest of the world will respond while we wall ourselves in with jackboot thugs in preparation for the inevitable collapse.

International financial clearing happens in space.

Tell me more!

 

[Natural Citizen]

Exactly. That's why many third world countries prefer to transact in dollars.

Many third world countries have no choice in the matter. They're third world countries because we tend to keep them third world countries.

We go into these underdeveloped countries and convince their leaders to accept development loans which only really help the wealthy elite in those underdeveloped countries, US companies are contracted to come in and do the work and these countries can never pay the debt back, so they have to do what we say. Of course, we go in and take their resources, too, it's a great gig.

 

[Natural Citizen]

International financial clearing happens in space.

Tell me more!

It's a rather simple concept, Toddster. Every international transaction bounces off a satellite. The list of nations joing the Asian and BRICs banks is getting longer. The fact that they've been merging together in satellite ventures during this time is a little telling of what's going on.

We've seen some trade routes altered as well over the last two years. I expect nobody's been paying attention to that, though.

 

[Moonglow]

Venezuela is abandoning the US dollar, with all future transactions on the Venezuelan exchange market to be made in euro, Tareck El Aissami, the country's Vice President for Economy, announced.
Venezuela drops US dollar, will use euro for international transactions



Globa economic collapse is on it's way , everybody is or has been dropping the US dollar even before Trump.
The NWO / Globalist are dying to have a global economic collapse

Yes they did try to drop the USD but this time it was the fault of Trump for this move.

 

[Moonglow]

International financial clearing happens in space.

Tell me more!

It's a rather simple concept, Toddster. Every international transaction bounces off a satellite.

Yes. I guess they never noticed that bank robbers had to learn to rob banks online.

 

[Picaro]

Exactly. That's why many third world countries prefer to transact in dollars.

Many third world countries have no choice in the matter. They're third world countries because we tend to keep them third world countries.

Actually it's their own cultures and endemic corruption that keeps them 'third World countries. Blaming the U.S. for all the world's ills is just avoiding reality. Our own corruption is what is dragging us down. An anti-corruption drive lasting a couple of decades would do wonders, as it did in Singapore in the 1960's. Too bad no Party can attract honest people to conduct one, so people will have to do that themselves, but then most people don't really want that either.

 

[Toro]

Venezuela is abandoning the US dollar, with all future transactions on the Venezuelan exchange market to be made in euro, Tareck El Aissami, the country's Vice President for Economy, announced.
Venezuela drops US dollar, will use euro for international transactions



Globa economic collapse is on it's way , everybody is or has been dropping the US dollar even before Trump.
The NWO / Globalist are dying to have a global economic collapse

No.