November 24th, 2010 
Elisheva Wiriaatmadja
So it is official now. Premier Wen Jiabao just shook hands with his Russian counterpart Vladimir Putin on his visit to St. Petersburg last Tuesday. They have finally agreed to protect their domestic economies by renouncing the US dollar and resort to using their own currencies for bilateral trade. Chinese experts explain that the reason for them to do that is not aimed to challenging the dollar. However, considering that China has already been in discussion with Brazil to ditch the dollar and use their own currencies in their bilateral trade, all this will eventually lead to the destruction of the US dollar.
In the meantime, Russia is adding other currencies into their reserve. They have added the Canadian Dollar and are planning to add the Australian Dollar next. Russia is determined to diversify its reserves which is the world’s third biggest reserves. They are also promoting the use of regional currencies in international trade and finance in order to reduce risks caused by the weakening (or dying) US Dollar. Russia’s central bank is also planning to increase their gold holdings.
Russia should be seriously considering adding the Australian Dollar to the reserve. The Aussie dollar has beaten the greenback and is now trading at US$1.023 against the Australian dollar. This was due to the increase of business investment in Australia in the last quarter. Business Week writes, “The Australian dollar maintained gains against the greenback from the lowest level in almost a month as a report showed business investment in the nation last quarter rose twice as fast as economists expected.” While investment money and jobs are flowing out of America, Australia, along with countries in Asia, are taking advantage of the wealth transfer.
Commenting on the recent development between China and Russia, Gerald Celente sent out a tweet to his followers, hinting that the agreement between China and Russia in renouncing the US Dollar is due to endless wars and endless money printing which resulted in the increase of gold price and heading towards the end of the American Empire. His tweet, “China Daily: China, Russia quit dollar. GC: Endless wars and endless printing of money = End of Empire America. Gold @ $1373 is looking good.”
Once again when we talk about the dying US dollar, we always come back to the topic of gold price. Even though the US dollar has been taken off the gold standard, the devaluation of the US dollar is always compared and eventually replaced by gold. In the end, it looks as if there is no way for any country to completely separate their currency from gold or precious metal. Rightside News writes,
The only true money that is God created and ordained will rise to the surface again. It has never fallen out of favor, has always held its value, and it ALWAYS replaces devalued, depreciated fiat currency. God’s only ordained and created form of money is gold and silver.
What main street people are going to find out is that real-world assets will not go up in value in a hyperinflation scenario. They will drop. In fact throughout history they have never held their value when the hyperinflation comes.
What happens is that real world assets collapse along with the dollar. In fact they deflate or go down in price in relation to consumables / commodities.
Coming back to the question, “When will the US dollar finally die?” You should be able to answer this yourself. The signs of the death of the US dollar is already here. When commodity prices rise, stock market drops and in panic, gold price shooting up, when food is no longer affordable, Ben Bernanke announces his plan for Quantitative Easing 4, more and more countries are dumping the US dollar, the death of the greenback is near. And this will happen in the near future.
The National Inflation Association just released their short video ‘The Day the Dollar Died’ to show you what will happen in the very near future during the first 12 hours of a US dollar collapse. Watch the video below to get a glimpse of how bad it will be for you when it happens.
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Another excellent artice, we all need to realise that the only way to save the whole global economy from a meltdown of epic proportions is to marry the value of our currency to a tangible asset.
The solution is easy! Give Wall Street another bail-out and give genocide-committing Israel another $80 billion! And to hell with the ‘gentile’ Americans! Is that not what we are doing right now! After all, the ‘CHOSEN’ are worth it because it was they that destroyed the economy of America, in addition to the Jew-controloled Imperial military that they still want to lavish with more spending on because they are not fighting another war some 10,000 miles away but because somebody might attack US! Do yiou still believ this crap!
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Well if the US did not let every one an there mother make a profit from the US by allowing so many right offs an sticking there nose in so many wars which has nothing to do with them we would not be in this shit hole.