Can't believe there are so few posts on this... China and Russia meeting to dump the dollar

[TwixVoy]

In the past 24 hours I have only seen one thread which had any real discussion on this topic.... and some posters had head in the sand like usual. I honestly think many people did not understand what this meant.

This is incredibly huge. Not so much internally for the United States as *externally*. Here is a simple explanation as to why. (one of many reasons actually, but a big one from the consumer point of view)

Internally does it matter how much our dollar is worth to the typical consumers view? Not really. If the dollar is worth 2 Euros today damn near everyone in America still sees one dollar as one dollar. The next day the dollar is worth 1.5 Euros. Again, the typical American still sees one dollar as one dollar.

This changes COMPLETELY once you take your dollars outside the country. When our mega corporations buy things for us to consume internationally (because we make damn near nothing here anymore) the value of the dollar is key. A dollar which is worth a lot means we can get product on the cheap from say China. So let's say the dollar goes down 50% in value. Guess what? In China that means our money is suddenly worth half of what it was before, and no one in China is going to mark down their product 50% just to accommodate that.

So guess what? That mega corporation now has to pay 50% MORE than they did it before for the same products. Guess what that means for the consumer? You pay 50% more too. (the sad thing is 50% is a low ball estimate of the kind of increase we are looking at)

Right now the rest of the world has realized that we are broke. We are in such debt now that mathematically there is a slim to none chance we will ever be able to pay it back. Even the interest is going to be difficult to pay. China and Russia are HUGE powers. China has us by the balls because damn near all of our production has been moved to China. They are now washing their hands of us. We have literally exported our wealth to China and they are NOT going to be kind now that we can't pay the bill.

We are looking at massive hyperinflation coming over the next 1-2 years as a result of this. This will DESTROY the lower classes who can barely afford to live as it is. It will cause many in the middle class to go under as well.

This latest move from the fed to literally take money from one pocket out of thin air and give it to another pocket is only going to make matters worse.

If you are not paying attention to what is going on START TO DO SO before it smacks you in the face one day. We are looking at the dollar turning to shit if Russia and China pull this off.

Link: http://www.reuters.com/article/usDollarRpt/idUSLJ93633020090319