spiritsoup's Blog

As the dollar continues it precarious fall in the global market, Russia(the worlds second largest exporter of oil behind Saudi Arabia) is starting to ask countries to keep Rubles in reserve for the purchase of their oil on the international market.  This move comes on the tail end of the Rubles 30% gain on the dollar.  Already we have seen Russia use its energy resorces to maintain a foot hold in western Europe.  With the dollar falling it's no wonder why Russia is making a push, small though it may be,  to get it's currency to be considered a power house on the international market and with the oil influence it wields it may well work.
  This is a frightening thing considering our dollar is the current world curreny, which means when Kwait sells oil to India it is priced in dollars.  We don't get any benifits for the use of our currency as the international currency, but we diffinetly will feel the impact of it when countries pull away from the teetering dollar to  a more stable currency.  This will prompt a huge flood of dollars into the global market and drive our dollar even lower.  Meaning cost of things in the U.S. will skyrocket as our dollar falls in value.  Linchon stated in the mists of the Civil war when he issued the Greenback system that it shouldn't take a wagon full of dollars to purchase a wagon full of supplies, and this is what will happen when the world moves away from the dollar.   Which I predict will preceed the Fed coming in with the NAU and the Amero as a solution to solve the problem that their system created.
  But we were warned by the Framers of the Constitution of this very situation yet we heeded them not.  So when this comes and it will we have only ourselves to blame.