China & Japan dump dollar; begin swapping own currencies

[Truth B Knowncaptain of 100]

http://www.japantoday.com/category/busi ... -on-friday

TOKYO — Japan and China will start direct currency trading this week, Tokyo said Tuesday, the first time Beijing has let a major unit other than the dollar swap with the yuan.

The move, which will scrap the greenback as an intermediary unit, comes as China introduces measures as part of a long-term goal of internationalizing its currency to rival the dollar.

The pace of waking up one morning to a full-blown dollar crisis is accelerating.

[durangoutcaptain of 1,000]

This is VERY bad news.

Got debt? BAD

Got Food Storage? GOOD

[Original_Intentcaptain of 1,000]

The yen does trade freely against other major currencies on global foreign-exchange markets, including the greenback, with the dollar buying 79.50 yen in Asian afternoon trade on Tuesday.

Wow, when I was a missionary in the early 80s, we were getting over 300 yen per dollar at times. Shows where the dollar has gone in the past 30 years...and Japan's economy hasn't exactly been great either - and we have still managed to lose 2/3 + of our value against their currency.

[Fairmindedcaptain of 1,000]

Well, it was fun while it lasted. Maybe we can use greenbacks as wallpaper, so long as we don't mind having pictures of the Founding Fathers staring accusingly down at us while we sleep.

[DrJonescaptain of 1,000]

Well, it was fun while it lasted. Maybe we can use greenbacks as wallpaper, so long as we don't mind having pictures of the Founding Fathers staring accusingly down at us while we sleep.

Well said, Fairminded. Yes, while we sleep. Sigh.

I think the globalists' goal is to reach such a crisis with the dollar (and the euro more-or-less simultaneously) that we will welcome their -- surprise! -- solution of a NEW WORLD (order) CURRENCY...

[Truth B Knowncaptain of 100]

Well, it was fun while it lasted. Maybe we can use greenbacks as wallpaper, so long as we don't mind having pictures of the Founding Fathers staring accusingly down at us while we sleep.

Well said, Fairminded. Yes, while we sleep. Sigh.

I think the globalists' goal is to reach such a crisis with the dollar (and the euro more-or-less simultaneously) that we will welcome their -- surprise! -- solution of a NEW WORLD (order) CURRENCY...

Bingo Steve! Word is that will come in the form of SDR's ('Special Drawing Rights') through either the IMF or BIS. Problem is, once the announcement is made that we're converting to a global international currency, the exchange rate for most nations is going to wipe out a lot of people. This is why, IMHO, it is important to be out of debt. Let's say the exchange/conversion rate for the U.S. is 1:3 - that means your debt just tripled.

[JohnnyLcaptain of 1,000]

Your debt just tripled? Who cares, so what?!

Government will bail us out. Sell our lands, our homes, our factories, our wives and children, our labor to foreign countries and negative influences. Make us another Germany after WWI. (Gosh, I hate for the man who tries to lead us out of THAT mess... )

[Truth B Knowncaptain of 100]

Your debt just tripled? Who cares, so what?!

Government will bail us out. Sell our lands, our homes, our factories, our wives and children, our labor to foreign countries and negative influences. Make us another Germany after WWI. (Gosh, I hate for the man who tries to lead us out of THAT mess... )

Johnny, you silly guy, they'd never do that - they only have our best interests at heart.

[JohnnyLcaptain of 1,000]

Your debt just tripled? Who cares, so what?!

Government will bail us out. Sell our lands, our homes, our factories, our wives and children, our labor to foreign countries and negative influences. Make us another Germany after WWI. (Gosh, I hate for the man who tries to lead us out of THAT mess... )

Johnny, you silly guy, they'd never do that - they only have our best interests at heart.

"It is in your best interest to believe, speak, and do exactly according to our commands..."