Bilderberg Group Orders “Total” Destruction Of US Dollar

viking · 05-22-2009, 08:24 AM

I know its by Sorcha but they do get it right sometimes!!

Bilderberg Group Orders “Total” Destruction Of US Dollar

By: Sorcha Faal, and as reported to her Western Subscribers (Traducción al Español abajo)

A new Kremlin report on the shadowy Bilderberg Group, who this past week held their annual meeting in Greece, states that the West’s financial, political and corporate elite emerged from their conclave after coming to an agreement that in order to continue their drive towards a New World Order dominated by the Western Powers, the US Dollar has to be “totally” destroyed.

further reading here..
http://www.whatdoesitmean.com/index1234.htm

viking

Steve_A · 05-22-2009, 09:55 AM

Hi viking,

Sorcha Faals' declarations are based on what is happening around the world. He comes to a conclusion and then states that it was some 'insider' who gave the information.

It's a little like saying that the horse will escape from the stable when it's already galloping over the meadow. The farmer who is still asleep in bed will only notice the escaped horse when he wakes up.

Look around you. The US dolar has no weight any more. Lack of confidence in the dolar is starting to manifest itself. China is spending them like crazy while it still can, Russia is now using the Euro as its' international currency and Brazil (now Chinas' main trading partner) is using the Brazilian Real and Chinese Yuan for trading purposes, leaving out the US dolar all together.

I beleive that the dolar, although losing ground against other hard currencies, is being kept artificially high so that countries don't collapse because their dolar reserves will be rendered useless. Keeping the dolar artificially high gives these countries time enough to follow Chinas' lead and spend them while they can, because if they don't do it soon, they will rue the day.

It isn't necessarily the Bilderbergs demands that cause the collapse of the dolar, but indeed the irresponsibility of the US of living above its' means for far too long. Just look at California.

Best regards,

Steve

Quote:

Originally Posted by viking

I know its by Sorcha but they do get it right sometimes!!

Bilderberg Group Orders “Total” Destruction Of US Dollar

By: Sorcha Faal, and as reported to her Western Subscribers (Traducción al Español abajo)

A new Kremlin report on the shadowy Bilderberg Group, who this past week held their annual meeting in Greece, states that the West’s financial, political and corporate elite emerged from their conclave after coming to an agreement that in order to continue their drive towards a New World Order dominated by the Western Powers, the US Dollar has to be “totally” destroyed.

further reading here..
http://www.whatdoesitmean.com/index1234.htm

viking

viking · 05-23-2009, 08:25 AM

Thanks Steve just found this on my travels....looks like the Dollar is slowly sinking!!

http://www.globalresearch.ca/index.p...t=va&aid=13691

The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.

The dollar has thus lost the status of the basic reserve currency for the Russian Central Bank, the annual report, which the bank provided to the State Duma, said.

In accordance with the report, about 47.5 percent of the currency assets of the Russian Central Bank were based on the euro, whereas the dollar-based assets made up 41.5 percent as of the beginning of the current year. The situation was totally different at the beginning of the previous year: 47 percent of investments were made in US dollars, while the euro investments were evaluated at 42 percent.

The dollar share had increased to 49 percent and remained so as of October 1. The euro share made up 40 percent. The rest of investments were based on the British pound, the Japanese yen and the Swiss frank.

The report also said that the reserve currency assets of the Russian Central Bank were cut by $56.6 billion. The losses mostly occurred at the end of the year, when the Central Bank was forced to conduct massive interventions to curb the run of traders who rushed to buy up foreign currencies. The currency assets of the Central Bank had grown to $537.6 billion by October 2008. Therefore, the index dropped by almost $133 billion within the recent three months.

The majority of Russian companies, banks and most of the Russian population started to purchase enormous amounts of foreign currencies at the end of 2008. The dollar gained 16 percent and the euro 13.5 percent over the fourth quarter. The demand on the US dollar was extremely high, and the Central Bank was forced to spend a big part of its dollar assets, experts say.

The change of the structure of the currency portfolio of the Bank of Russia has not affected the official peg of the dual currency basket, which includes $0.55 and 0.45 EUR.

The investments of the Bank of Russia in state securities of foreign issuers have been considerably increased, the report said. About a third of Russia’s international reserves are based on US Treasury bonds.

Russia became one of the largest creditors of the US administration last year, the US Department of the Treasury said. Russia increased its investments in the debt securities of the US Treasury from $32.7 billion as of December 2007 to $116.4 billion as of December 2008.

viking

mu2143 · 05-23-2009, 09:02 AM

Looks like this time the dollar is going down

Euro/Dollar
http://finance.yahoo.com/echarts?s=E...urce=undefined

Avid · 05-23-2009, 03:00 PM

George Ure (who's heavily into financial matters) is rather worried, check his latest remarks.....
http://urbansurvival.com/week.htm

Quote:

Next Week's Showdown
I hope you noticed the action in the market on Friday. Normally - whatever that is anymore - the market should do a nice little bump up prior to the onset of a three-day weekend. Instead, the Dow dropped about 14 points and once again, we were staring as screens of numbers that just add to the expectation that one of two things will happen in the next week or two: Either the market will reverse up - and the 'thing that shouldn't happen' stop happening, or the market is going to collapse down to a test of 7,800 on the Dow and if that doesn't hold, then we're all *(putting it as politely as possible) toast.

05-22-2009, 08:24 AM	#1
viking Avalon Senior Member Join Date: Sep 2008 Location: UK Posts: 1,709	Bilderberg Group Orders “Total” Destruction Of US Dollar I know its by Sorcha but they do get it right sometimes!! Bilderberg Group Orders “Total” Destruction Of US Dollar By: Sorcha Faal, and as reported to her Western Subscribers (Traducción al Español abajo) A new Kremlin report on the shadowy Bilderberg Group, who this past week held their annual meeting in Greece, states that the West’s financial, political and corporate elite emerged from their conclave after coming to an agreement that in order to continue their drive towards a New World Order dominated by the Western Powers, the US Dollar has to be “totally” destroyed. further reading here.. http://www.whatdoesitmean.com/index1234.htm viking

05-23-2009, 08:25 AM	#3
viking Avalon Senior Member Join Date: Sep 2008 Location: UK Posts: 1,709	Re: Bilderberg Group Orders “Total” Destruction Of US Dollar Thanks Steve just found this on my travels....looks like the Dollar is slowly sinking!! http://www.globalresearch.ca/index.p...t=va&aid=13691 The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote. The dollar has thus lost the status of the basic reserve currency for the Russian Central Bank, the annual report, which the bank provided to the State Duma, said. In accordance with the report, about 47.5 percent of the currency assets of the Russian Central Bank were based on the euro, whereas the dollar-based assets made up 41.5 percent as of the beginning of the current year. The situation was totally different at the beginning of the previous year: 47 percent of investments were made in US dollars, while the euro investments were evaluated at 42 percent. The dollar share had increased to 49 percent and remained so as of October 1. The euro share made up 40 percent. The rest of investments were based on the British pound, the Japanese yen and the Swiss frank. The report also said that the reserve currency assets of the Russian Central Bank were cut by $56.6 billion. The losses mostly occurred at the end of the year, when the Central Bank was forced to conduct massive interventions to curb the run of traders who rushed to buy up foreign currencies. The currency assets of the Central Bank had grown to $537.6 billion by October 2008. Therefore, the index dropped by almost $133 billion within the recent three months. The majority of Russian companies, banks and most of the Russian population started to purchase enormous amounts of foreign currencies at the end of 2008. The dollar gained 16 percent and the euro 13.5 percent over the fourth quarter. The demand on the US dollar was extremely high, and the Central Bank was forced to spend a big part of its dollar assets, experts say. The change of the structure of the currency portfolio of the Bank of Russia has not affected the official peg of the dual currency basket, which includes $0.55 and 0.45 EUR. The investments of the Bank of Russia in state securities of foreign issuers have been considerably increased, the report said. About a third of Russia’s international reserves are based on US Treasury bonds. Russia became one of the largest creditors of the US administration last year, the US Department of the Treasury said. Russia increased its investments in the debt securities of the US Treasury from $32.7 billion as of December 2007 to $116.4 billion as of December 2008. viking

05-23-2009, 09:02 AM	#4
mu2143 Avalon Senior Member Join Date: Sep 2008 Location: Holland,Netherlands Posts: 470	Re: Bilderberg Group Orders “Total” Destruction Of US Dollar Looks like this time the dollar is going down Euro/Dollar http://finance.yahoo.com/echarts?s=E...urce=undefined