Drudge- "ARAB STATES LAUNCH SECRET MOVES WITH CHINA, RUSSIA, FRANCE TO STOP USING DOL

[Muzz]

This could potentially be big! Gold has shot up as well.

http://www.drudgereport.com/

[Swanny]

Blimey gold at $1016
A few months ago it was $860

[Muzz]

[Muzz]

Here's the full story

http://www.independent.co.uk/news/bu...r-1798175.html

[Swanny]

"These plans will change the face of international financial transactions," one Chinese banker said. "America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate."

Panic stations I reckon

[Connecting with Sauce]

Gold
http://www.kitco.com/charts/techcharts_gold.html
and
Silver
http://www.kitco.com/charts/techcharts_silver.html

The red line is a daily average price, blue is 14 day running average, green is a 200 day running average price.... basically late last year when the red and blue were under the green was a good time to buy... or 10 years ago when Gordon the M... sold a large chunk of the UK gold was the best time...

All P metals have been going up and down (mainly up) for months now but kept down by the comex style trading on it... this aspect of the the metals market is controlled.

loads of articles here
http://www.silverbearcafe.com/private/metals.html

These guys are a blast
http://patriotarchives.blogspot.com/

There was an article I read yesterday from the daily reckoning
http://www.dailyreckoning.co.uk/

Which I don't have the direct link to saying there was a hyper inflation time boom about to blow! stating whenever there has been quantitive easing (printing money) then there is hyper inflation... it said in the 70s they printed 15-25% more money and there was interest rates that peaked at 15-20% because of it... In our case this is now worst I feel as all the systems of the world are so linked with the computer age... only time will tell I suppose.

brace yourselfs is the only option... and hope for the best.

Andy Gause from 1radionetwork does a weekly money slot which is worth a listen if you have anything what so ever worth protecting...

Personally I've just fixed my mortgage now for 5 years at 4.24% and will for the short term be paying more than what I was a month or so ago.. but I can afford it and it is a known quantity... If interest rates stay at effectively 0-1% (UK base rate) for 5 years I'll eat my hat...

[Vidya Moksha]

Originally Posted by Connecting with Sauce

. If interest rates stay at effectively 0-1% (UK base rate) for 5 years I'll eat my hat...

and ruin all that good body cleansing work

(or is this another weird flush program)

[Connecting with Sauce]

Originally Posted by Vidya Moksha

and ruin all that good body cleansing work

(or is this another weird flush program)

I would make sure the hat was organic and without pesticides and probably woven from wheatgrass that was in the small print

This hat here look quite edible with some chewing ...
grass hat

[Steve_A]

Hi Muzz,

This has been on the cards for some time, however I didn't realize how many countries were invlolved.

Although I feel that there are so many countries involved in this the US can do nothing to hold them all back, the last paragraph of the article was interesting:

"Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq."

I don't know if it's just me, but I seem to feel a sort of 'pay back time' beginning between the press and the US. It's just a feeling at the moment.

Best regards,

Steve

Originally Posted by Muzz

This could potentially be big! Gold has shot up as well.

http://www.drudgereport.com/

[lucrum]

This is even in norwegian MSM, which is just an odd happening these days.

Heck, it looks like they even missed that water has been found on the moon, which is something they normally throw one of our "experts" to pick apart and dismiss.

Demise of the dollar would bring Norway into a dilemma, we would have problems following up since we use dollar for oil and quite alot of bank operations, and also export.
Some thinks a collapse could throw home owners into the gutter, with interest rates up towards 12-13%. Speculations of course, but if that happens...boy am I glad I'm only renting. At least I won't suffer economically, though I might have to move if my rent skyrocket.

[burgundia]

Originally Posted by Swanny

Blimey gold at $1016
A few months ago it was $860

i have been stocking up on gold jewellery...you know rings, necklaces, earings....just in case i get hungry...

[Connecting with Sauce]

Originally Posted by Swanny

Blimey gold at $1016
A few months ago it was $860

Today $1035... buy buy.. or bye bye...

[Carol]

Originally Posted by Steve_A

Hi Muzz,

This has been on the cards for some time, however I didn't realize how many countries were invlolved.

Although I feel that there are so many countries involved in this the US can do nothing to hold them all back, the last paragraph of the article was interesting:

"Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq."

I don't know if it's just me, but I seem to feel a sort of 'pay back time' beginning between the press and the US. It's just a feeling at the moment.

Best regards,

Steve

I agree with you Steve. It's payback time for the US for all they have done to maintain a stranglehold on other nations for years with the US dollar. Only we have to keep in mind that it is the Federal Reserve that has been calling the monetary shots while our politicians have been puppets. And the invasion of Iran was to slow this process down. That and to get their hands on some secret technology.

[Swanny]

Originally Posted by Connecting with Sauce

Today $1035... buy buy.. or bye bye...

If only I had some money, oh well not to worry

[Fredkc]

Welcome to Tuesday!

7:00 AM PDT: Gold up 23 @ $1040/oz.

I started my morning browsing by going to my favorite "Preppers, Doomers & Gloomers" site. I go there because even though they get 90% of the reasons dead wrong, they are dead scary at picking out the news stories of the day that are important. (rampant paranoia does have some benefits )


The thread began with an as-yet unlinked headlinew on Drudge which read: "Arab States Launch Secret Moves With China, Russia, France To Stop Using Dollar For Oil Trading... Developing..."

Don't know if it's still unlinked, I don't go to Drudge myself, but there was other confirmation via a story at The Independent in UK, among others

The Demise Of The Dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

By Robert Fisk

Tuesday, 6 October 2009

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

The Americans, who are aware the meetings have taken place – although they have not discovered the details – are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs. Against the background to these currency meetings, Sun Bigan, China's former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. "Bilateral quarrels and clashes are unavoidable," he told the Asia and Africa Review. "We cannot lower vigilance against hostility in the Middle East over energy interests and security."

This sounds like a dangerous prediction of a future economic war between the US and China over Middle East oil – yet again turning the region's conflicts into a battle for great power supremacy. China uses more oil incrementally than the US because its growth is less energy efficient. The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold. An indication of the huge amounts involved can be gained from the wealth of Abu Dhabi, Saudi Arabia, Kuwait and Qatar who together hold an estimated $2.1 trillion in dollar reserves. [more...]

This story is also at Reuters, and many other places.

Just for fun, I want to paste my response to this item, exactly as submitted on that other forum. Be advised that means it will seem a bit foreign, and not "speak to/about" many here.
____________________________________________

Amazing how so few others here seem to get it.

Here's a map;


Ok, I cropped this one for a slightly different subject but it was handy.
I will also ask the same question to the "Nuke'em now!" crowd:<b>

What makes you think every nation on that map, PLUS Russia and China will just sit there and say, "aw shucks, I guess we deserve it" while radiation from a nuclear attack rains down on their countries?

And another:

What makes people think that Russia, China, and many others will just sit and do nothing while we nuke their biggest oil supplier?

Bring it home for a sec:

If someone nuked Nogales, or Juarez, Mexico do you think the people of Arizona, New Mexico, Texas, Oklahoma, Louisiana, Arkansas, etc would just shrug their shoulders, finish their lunch, and go back to work?

Quote:
I've wondered about this. The collapse of the dollar eventually means $20 loaves of bread and $30 gallons of milk. The question I haven't answered for myself is how quickly it might occur. However, they think they can burn up our debt in a controlled manner and keep the fire contained. Whether they can or not is an empirical question.

EVERYTHING not made in the US would dramatically rise in price (many, many fold) as the dollar is shunned and the exchange rates collapse.EVERYTHING made and grown here would suddenly be bargain priced to foreign currency holders. We couldnt afford our own crops- but to a foreigner- they would be cheap. (yeah... that'll show 'em, says I)

"$20 loaves of bread and $30 gallons of milk" isn't even the start, because at $18/gallon, what trucker is going to be able, much less willing, to put gas in his truck to haul said items to a place where no one can afford them? He'll also need a 3-4 vehicle escort, riding shotgun, to even get there. ("Got Garden?" Thank god I do)
____________________________________
Quote:
Ender;
Maybe this is off-topic, but-
How do "SECRET MEETINGS" get into the MSM?
Has always puzzled me.

LoL Ender!! Yeah... they've only been "top secret", including the subject of many threads here for about 8 years!

First suspects I came up with, for why it's in the press now, and spun in this fashion had to do with:
I wonder how many pending sell trades are sitting out there for Gold @ about $1025-$1040/ounce?
Quote:
Ender;
including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
No Iran.

But you notice the "trained populace" immediately shouts "Nuke Iran!". If I didn't have grand kids this would almost seem funny.

Might be a good time to point out another inconvenient bit of history. Those countries listed are ALL predominantly Sunni, of some kind. They are the very countries we stabbed in the back when we invaded Iraq, for "absolutely no reason" (at least no true one we've been given, yet).
_________________________________________

This country has been on a course for a dollar collapse for 80 years now. We've worked hard for this, blaming countries that simply acknowledge it just extends the delusion; but we're out of string.

What we have done for the last 40 years is accelerate this process by spending our dwindling wealth, and honor bribing, threatening, politically, or financially destroying any country that wouldn't go along. We accelerated this process even more by just invading and killing them about 10 years ago.

What we have NOT done in this time is spend any money or effort at rebuilding our money's intrinsic value, or our country's wealth. In fact, we've basically handed the countries listed the very ammunition they are now using (please keep shopping at WalMart).

"You're blaming America!" Well, exactly who would you blame for engineering, our own demise? No one has worked at it harder than we have.

"Blame Obama!" Oh please! You are blaming the janitor for the death and destruction caused by an architectural flaw in the building, 40 years ago. Is he "blameless"? Hell no! He has done nothing to point out the design flaws, or prevent further use of the building, and that WAS part of his job. Instead he's done exactly what every other President has. He played along.

I did notice while typing this that theres been an announcement that the countries involved have said "false alarm folk". I tend to doubt it. Seems more like they want to "carry the US for a couple rounds" while they get better prepared. Makes me want to ask, once again...
I wonder how many pending sell trades are sitting out there for Gold @ about $1025-$1040/ounce?

Last thought, to all those who still think the world "needs us" as a customer:
Who needs a customer whose credit card is maxxed out?

Fred

[Fredkc]

PS: Gold is now at $1040

[Stargazer1965]

Originally Posted by Carol

I agree with you Steve. It's payback time for the US for all they have done to maintain a stranglehold on other nations for years with the US dollar. Only we have to keep in mind that it is the Federal Reserve that has been calling the monetary shots while our politicians have been puppets. And the invasion of Iran was to slow this process down. That and to get their hands on some secret technology.

The world versus the NWO...cause it's not really the American people.

The world is just waiting for us to take our country back.

AWO = Alternate World order is on the rise.

Peace to the People!!!!!!!!!

[Muzz]

Saudi Bank Governor Denies Talks to Replace Dollar

Is this damage control or was Fisk wrong?

http://www.bloomberg.com/apps/news?p...d=apt5We30uqlA

[Fredkc]

Originally Posted by Muzz

Saudi Bank Governor Denies Talks to Replace Dollar

Is this damage control or was Fisk wrong?

http://www.bloomberg.com/apps/news?p...d=apt5We30uqlA

Makes me want to ask, once again...
I wonder how many pending sell trades are sitting out there for Gold @ about $1025-$1040/ounce?

[Noela]

I believe the 7th October was one of the dates mentioned by Benjamin Fulford (and others) as to when the true nature of the financial
situation would start to show up.

[P4BL0]

.

[Thunderbird]

anybody got the links for the new cliff high on rense last night?

[P4BL0]

.

[Connecting with Sauce]

http://www.kitco.com/charts/livegold.html

Interesting today it hit ~ $1058 now is this due to the dollar going down, gold going up or less control of the gold price? So many things to consider in all this...

Whatever happens it is going to be an interesting show...

[Fredkc]

Pablo, an alternative I made up about 6 years ago...



Also, my regrets, but until Rense removes the page calling
Project Camelot some dis-info campaign, I won't be going there.

Fred