ALL United Nations call for KILLING the US Dollar

[HistoryStudent]

President Wilson's dream is coming true...

America will L@@K like a mixture of worst Mexico areas and poorest Caribbean Island mixed with KENYA! :bowdown:

Sorry, Charlie....

Have enough gold and silver food medicine water?

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http://www.presstv.com/detail.aspx?id=132688&sectionid=3510213

Jim Sinclair’s Commentary

If you feel comfortable being in the US dollar you would feel comfortable in Chernobyl.

The virtual reserve currency to come cannot survive as a huge index of world fiat paper unless it is tied to gold in the manner I have reviewed with you many times.

The virtual world currency reserve will be tied to gold, not as a convertible, but in a ratio of value to the level international liquidity after the storm.

UN calls for scraping dollar
Wed, 30 Jun 2010 00:40:31 GMT

A UN report released on Tuesday calls for abandoning the US dollar as the main global reserve currency to achieve greater stability in the world financial system.

"The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," said the World Economic and Social Survey 2010.

The use of the dollar for international trade came under increasing scrutiny when the US economy fell into recession.

The report said a new global reserve system should be created, which "must not be based on a single currency or even multiple national currencies." Instead, the report advocates using assistance from the International Monetary Fund to create a standardized international system for liquidity transfer.

The report added that developing countries have been hit hard by the US dollar’s loss of value in recent years.

"Motivated in part by needs for self-insurance against volatility in commodity markets and capital flows, many developing countries accumulated vast amounts of such (US dollar) reserves during the 2000s," it said.

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[917601]

To much hype-people still need paper fiat to make daily transactions, meet payroll....Look at the greatest recent historical reference: Argentina.My friends down there report life goes on, the stock markets still make money (or lose money),real estate is still being bought, food is bought ......The fact that the world's premier fiat is the USD, means it will never go away, it will still sit higher in that pile of junk paper.Besides, they still have so many unused tricks to keep it afloat, I believe it may be another 3-4 years before we see a serious "crash"(50's level), and it will never be worthless in the US as long as the US is still a nation.Sorry folks, no Mad Max coming to the US.

[HistoryStudent]

Agree only change it to two years MAXIMUM.

The chinese AGREE too....


"We like Chinese” - a song sung duet each morning by Obama & Bernanke
(Ischcabibo) Jun 30, 20:05
Before you play the sound VIDEO below, you need to read recent statement news release:

"China tries to ease US concern over impact of its US debt holdings, saying matter not political"

BEIJING -- An official in charge of China's foreign reserves tried to ease American concern Tuesday about the political impact of its huge holdings of U.S. government debt and indicated Beijing has no plans for a big increase in its gold stockpile.

"This is a purely market-driven investment behavior. I would hope not to see this matter politicized," the chief foreign exchange regulator, Yi Gang, said at a news conference. He was responding to a question about concerns among some American lawmakers that Beijing's holdings of U.S. debt pose a political threat to the United States.

"China is a responsible investor and we fully believe such investments can be mutually beneficial," Yi said.
China's $2.4 trillion in foreign reserves are the world's largest and their management is closely watched by financial markets, especially as governments raise money for stimulus and struggling companies look for investment.

China is the biggest foreign owner of U.S. government debt and some American commentators have suggested it might abruptly sell Treasurys to express anger over Tibet, Taiwan or other strains. Beijing has never publicly threatened such a move, which would be expensive and could hurt China by causing problems in a key export market.

China's holdings of Treasury securities stood at $894.8 billion at the end of December, according to the U.S. Treasury. An earlier report showed China dropping behind Japan as second-biggest Treasury owner, but the Treasury said that did not include purchases in such places as Britain.

Asked whether Beijing might diversify by purchasing more gold, Yi said the government would face problems if it tried to make a substantial increase in its bullion holdings, the world's fifth-largest at 1,054 tons.

Some Chinese commentators have called for the government to find alternatives to Treasurys. But Yi said shifting even 1 percent of China's foreign reserves into gold would require buying nearly $30 billion worth -- a huge purchase that would push up prices and hurt Chinese buyers of jewelry and other gold products.

"It is impossible for gold to become a primary channel for foreign reserve investments," he said.

President Obama has budgeted a Trillion dollar Deficit for each of the next 10 years. It will be financed by issuing US T-bonds…and bought by the easy-going China government, which is very blasé about the crumby returns it received during the last decade. Consequently, the inimitable boptzy twins, Obama and Bernanke “LOVE CHINESE”

VIDEOS FOLLOW ---

As you listen to the words in this VIDEO, visualize Obama and Bernanke singing this song every morning:
“I LOVE CHINESE”

http://www.youtube.com/watch?v=04QoA44c23A

Meanwhile, gold will top US$1500 in 2010.


Here's a photo of Bernie singing "I LIKE CHINESE"

http://2.bp.blogspot.com/_oTwEGiup_Wo/R5Yblgl7K-I/AAAAAAAABx0/T_oIFHEnPak/s1600/BenHelicopter.jpg


And here's Bernie singing in persona (:-))

http://www.youtube.com/watch?v=04QoA44c23A


Due to popular request, here is the 2cd chorus to “I LIKE CHINESE”

http://www.youtube.com/watch?v=GzC5HT1Qhmo&NR=1