#american dollar

[awesome-casuallyfamouscollector]

European Central Bank Chief Unveils Dollar Replacement Strategy

Watch full speech...

P.S. Good...

[trexalicious]

Anyone else notice the random price differences between UK Pounds Sterling and American Dollars in sponsorships? They are completely arbitrary and not based on any actual monetary values. If you pay American dollars, you get screwed on the low and high tiers because it's not premised on the actual exchange rate! Using today's rate, £50k is $66.5k not $70k and £200k is $225k American not $260k. The middle tier actually saves you $3k as it's under the current exchange rate at $130k instead of $133k. It also looks sooooo tacky to show figures for the different currencies. It should just have one figure regardless of the currency...🙄

[akonoadham]

[dollchapel]

old money

[cialisbl]

Dollar Dominance: The petrodollar's high level of debt may be easing. That may not be a bad thing for the world.

Dollar Dominance: The petrodollar’s high level of debt may be easing. That may not be a bad thing for the world.

It is a universally recognized truth that every dominant fiat currency will rise and then sink into oblivion. For thousands of years, powerful and prosperous nations have recklessly used their currency to wage ruinous wars and finance wasteful public works. In each age – ancient Egypt, classical Greece, imperial Rome and Britain – economic prosperity was first undermined by currency devaluation…

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[kararadaygum]

..

[rumelism]

Haven't held dollars in my hands since 2009.

[the-funtime-autocrat]

Russia’s plan to free itself from the US dollar is working better than anyone ever imagined

Russia has now tripled its gold reserves from around 600 tonnes to 1,800 tonnes.

The saga of Russia breaking away from the American dollar continues.

From TheDuran:

“Russia’s desire to break away from the hegemony of the U.S. dollar and the dollar payment system is well-known. Over 60% of global reserves and 80% of global payments are in dollars. The U.S. is the only country with veto power at the International Monetary Fund, the global lender of last resort.

Perhaps Russia’s most aggressive weapon in its war on dollars is gold.The first line of defense is to acquire physical gold, which cannot be frozen out of the international payments system or hacked.

With gold, you can always pay another country just by putting the gold on an airplane and shipping it to the counter-party. This is the 21st-century equivalent of how J.P. Morgan settled payments in gold by ship or railroad in the early 20th century.

Russia has now tripled its gold reserves from around 600 tonnes to 1,800 tonnes over the past 10 years and shows no signs of slowing down. Even when oil prices and Russian reserves were collapsing in 2015, Russia continued to acquire gold.”

Previous posts on this subject:

http://the-imperial-autocrat.tumblr.com/post/164936105626/de-dollarization-accelerates-china-readies#notes

http://the-imperial-autocrat.tumblr.com/post/134658989891/gold-backed-ruble-yuan-to-trigger-global