De-Dollarisation.

[Texan77]

The Chinese will for sure be looking at the Yuan in relation to other regional currencies. The dollar peg means that the Yuan has appreciated strongly against them and to no benefit to China. I wr8te m8nths ago that the Yuan could devalue as much as 20% against the dollar in order to set matters straight, they still have 15% to go, but more if the dollar rises further.

The Citizens of all the BRIC nations are buying dollars because there own currency is in decline which is why the dollar is going up.

Gee if the US would just print a trillion dollars and pay on our debt then the dollar would stop going up. If not then do it again until it does stops. In the past we have done this where the newly printed dollars ended up in banks then in the stock market. They called it QE. Now the dollars is strong because most of Europe is doing its own form of QE and we have stopped doing it.

All this de dollarization was suppose to depress the value of the dollar. The biggest reason China is devaluing is because there exports are down five per cent. They are trying to make products cheaper to increase sales in the US and Europe. The recession in China is what is driving comedies prices lower as they are importing 20 per cent less. One of these comedies is oil. Oil prices have just dropped to 35 dollars per barrel. The problem is there is a close loop here.

As Andrew pointed out in past post, many shell drillers are financed with what is now called junk bonds. These shell oil drillers have been very creative to stay in business and make payments with lower oil prices. They are not likely to be able to continue to do this with 35 dollars or less a barrel oil. When they do, it will dry up capital in the USA and cause a recession. This will cause Chinese sales in America to decline despite this drop in value of it's currency. This will mean that the Chinese will buy less from Russia.  Russia will also only be getting 35 dollars or less for it's oil also. It will not be long before long that there will be a recession everywhere and everyone else will be buying less from China. Which will bring up back to the beginning of the loop which the world oil demand will drop even more. The Chinese GDP is 35 per cent construction. At some point they will have to stop new construction. This will cause a huge GDP drop in China. This will cause them to import even less. It is not likely to be pretty anywhere by the end of 2016.

All the Asian countries all are trying to make the currency worth less so they can sell abroad also. When China cuts it's currency value so will all the other Asian countries. It will not be much of a completive edge.

The reduce use of our dollar is a good thing for the US at this time because it is slowing the rise in value of our money. Putin is doing all he can to help as in Manny's post where he is begging anyone that will listen to him to please stop buying dollars. Too bad it just is not working.

[andrewfi]

Some fundamentals misunderstood there matey. Firstly understand that not every currency pair involves the dollar.

Secondly understand that the US is not core to China's economic growth success. Chinese trade volume is already down as the country moves towards support of its internal market.

Third,  understand that an overvalued dollar is a requirement for countries central banks, companies and individuals to exchange accumulated dollars for real assets. Go read about the US real estate market in San Francisco and some other parts of the US to get a start on understanding  the process in just one small manifestation and then consider the effect of withdrawal from the market, as has already started to happen.

In essence Texan77, consider matters from a non-US centric perspective.

Understand the difference between an event and a process and how transformation is a process built from a series of events.

While you are at it you might want to research numbers such as proportion of trade carried out in dollars as an historical series. You might want to look at 'petrodollar' flows, again as a time series. To set what you see there into context you could learn about the petrodollar cycle.

Or, on the other hand, perhaps it is easier to return to fantasies about Ukrainian women and remember always: USA USA USA!

[cufflinks]

To all the RUA Yank and USA haters - Merry Christmas:

http://www.europac.com/commentaries/china_takes_big_step_forward

China Takes a Big Step Forward

Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global marketplace. Opinions expressed are those of the writer, and may or may not reflect those held by Euro Pacific Capital, or its CEO, Peter Schiff.
By:  John Browne
Thursday, December 10, 2015

On November 30th the International Monetary Fund (IMF) announced that it would admit China’s Renminbi currency, commonly known as the Yuan, to the select basket of reserve currencies that make up its Special Drawing Rights (SDR’s). Having been stalled by U.S. influence for many years, the long-awaited IMF decision acknowledges the massive transfer of financial power from the old West to the new East. The move heralds an era of potentially great change with global implications for politics, economics and investments.
 
At the end of WWII, the U.S. and British governments persuaded the participants of the Breton Woods Agreement to accept the U.S. dollar as the world’s international reserve currency and to simultaneously create the World Bank and the IMF. The aim was to establish a stable, global financial system and to encourage the recovery of international trade. In particular, the role of the IMF was to ensure a smooth flow of foreign exchange and to lend money, when needed, to sovereign nations experiencing temporary balance of payments problems.
 
For much of the postwar years, the structure succeeded. In the first decades following the War, the value of world trade grew so fast that the demand for currency threatened to outstrip the available amounts of gold and U.S. dollars. The IMF responded in 1969 by creating the Strategic Drawing Rights (SDR) as a supplementary international reserve asset for central banks. Each SDR was valued at 0.888671 grams of fine gold equivalent to one U.S. dollar. (Fact Sheet, SDR, IMF 11/30/15)
 
When the fixed exchange rate system established by Bretton Woods collapsed in the early 1970s and currencies were exchanged at floating rates, gold was dropped from the SDR’s backing and replaced by a combination of the most widely-traded currencies, which became known as the ‘SDR basket’.
 
Most recently, the basket was comprised of five international reserve currencies, including 41.90 percent U.S. dollars, 37.4 percent euros, 11.3 percent pound sterling and 9.4 percent yen. (Fact Sheet, SDR, IMF 11/30/15)
 
For much of the past ten years, China has sought to gain international recognition commensurate with her growing economic and political power. China lobbied hard for the inclusion of its Renminbi currency in the prestigious SDR basket. However, the U.S. used its 17 percent vote, along with its political influence among allies, to block China on the grounds that its reserves remained undisclosed and its currency was not freely convertible.
 
In response, China began to liberalize trading in its currency to allow foreign central banks to trade in its government bonds and to begin disclosing its hidden reserves. This was a major political step for the secretive Communist government and a crucial test of President Xi Jinping’s efforts to transform the Chinese economy.
 
These moves were sufficient to gain allies for China in the IMF and admittance to the SDR basket. Referring to China’s inclusion, Christine Lagarde, Managing Director of the IMF, has stated, “...It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems...The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which, in turn will support the growth and stability of China and the global economy.”(IMFSurvey Magazine, 12/1/15)
 
The new SDR basket will comprise 41.73 percent U.S. dollars, 30.93 percent euros, 10.92 percent Renminbi, 8.33 percent yen and 8.09 percent sterling (Fact Sheet, SDR, IMF 11/30/15). The percentages reflect just an initial recognition of the financial power accumulated in the new East.
Furthermore, China’s Renminbi is the first currency of a non-U.S. ally to be admitted to the SDR basket. That alone heralds a new era for monetary affairs. On a parallel track, China has recently succeeded in launching the Asian Infrastructure Investment Bank, a Chinese led multi-billion dollar investment bank that would finance roads, bridges, and other infrastructure projects in the poorer regions of Asia. The bank was widely viewed as a means to counter America’s influence in Asia. And while Washington opposed the project, Beijing managed to line up the support of 57 countries, including such key U.S. allies as Britain, Germany, Australia, and South Korea.
 
It is no secret that China wishes to become first among equals as a superpower. As part of this strategy, it is not unrealistic to assume that China’s endgame will be to knock the U.S. dollar off its perch as the International Reserve Currency.
 
If successful, this could prove a devastating blow to the U.S. As the International Reserve Currency, almost all global commodities are traded in dollars. This confers upon the Federal Reserve the unique privileges of setting the stage for major international interest rates to suit U.S. economic cycles and of creating seemingly unlimited amounts of fiat money from thin air. Rather than yielding meekly to U.S. wishes, China can be expected gradually, but inexorably, to challenge the dollar’s Reserve status and today’s omnipotent influence of the Federal Reserve. It could herald also a revival of the role of precious metals in the global monetary system.
 
Even now, with its potential inclusion in the SDR basket, central banks and corporate treasurers will be considering further currency diversification into the Chinese Renminbi. Most likely, this rebalancing will involve selling of U.S. dollars and euros to buy Renminbi. This will be done both to balance risk and because, as China’s economic might grows and the dollar’s Reserve status is challenged, it is increasingly likely that more commodities will be priced in Renminbi.
 
It is unlikely that China will wish to upset international trade, and its own export machine, at a time of looming recession. However, over the long term, China may be expected to use its new found financial influence to erode the power of the U.S. dollar. As the world’s largest producer, and rumored already to be the world’s largest holder of gold, China may push progressively for the reintroduction of a gold link for the SDR, and eventually for its Renminbi, to boost international support for its acceptance as an increasingly credible substitute for the dollar as the world’s International Reserve.
 
Should this happen, perhaps the most important floor supporting the dollar would evaporate, rendering the Federal Reserve unable to continue creating money at will and catapulting U.S. interest rates to levels that potentially could threaten a massive debt and even a currency crisis. Given the unprecedented $18.8 trillion level of U.S. Treasury debt and estimated $100 trillion-plus level of unfunded U.S. Government obligations, according to usdebtclock.org, this would be extremely damaging for the dollar and potentially to the U.S. economy.
 
The risks of devastation to world trade make it likely that this strategy will take considerable time to become manifest. In the meantime, China may be expected to use the implied threat judiciously to twist the arms of powerful nations.
 
Despite potentially serious domestic political problems and massive internal debt levels of some $28 trillion, according to McKinsey & Co., China has gained its place in the SDR basket. Only time will tell precisely how China will use this new-found influence. But it could spell the beginning of the end for America’s monetary and even military dominance. Such developments could result in a revival of precious metals in monetary affairs. As debt then would become revalued rather than devalued by inflation, such a move could have considerable economic and political implications for national and private debtors in the U.S., Europe and the entire world.


This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.

[Donhollio]

 Oh my looks like Manniov was right about the USD losing ground as the worlds currency.

http://www.theglobeandmail.com/report-on-business/international-business/african-and-mideast-business/zimbabwe-to-adopt-chinese-yuan-as-legal-currency-after-debt-cancellation/article27914154/



 
In an unprecedented move that signals China’s growing global influence, Zimbabwe has announced that it will adopt the Chinese currency as legal tender.

The announcement came after China cancelled $40-million (U.S.) in Zimbabwean debt earlier this week. China is already Zimbabwe’s biggest trading partner, and Beijing is often praised by the Zimbabwean government, which has adopted a “Look East” policy after years of sanctions by Western governments.
 
While the decision to adopt the Chinese yuan as legal tender next month is largely a political message by an anti-Western government, it also illustrates China’s economic power in Africa, where Beijing has rapidly become a major investor and the continent’s biggest trading partner.

Zimbabwe abandoned its own currency in 2009 after a spectacular bout of hyperinflation, climaxing with the printing of banknotes in denominations of 100-trillion Zimbabwean dollars, which could barely cover the cost of bus tickets for a week.

The government finally stabilized the hyperinflation crisis by adopting foreign currencies – mostly the U.S. dollar and South African rand – as legal tender. This boosted the economy, but it rankled some Zimbabwean officials, who resented U.S. sanctions on their county. The rand, meanwhile, has been shaken by the sharp decline of its value in recent months.

Under the new policy, the U.S. dollar is likely to remain the most popular currency, but the yuan would become an alternative, primarily among Chinese tourists and traders at first.

Zimbabwe’s Finance Minister Patrick Chinamasa said the use of the yuan will be dependent on “trade between China and Zimbabwe and acceptability with customers in Zimbabwe.”

In a statement, he added: “There cannot be a better time to do this. It is now about looking at the modalities, specific sectors and how it can be done.”

Zimbabwe’s autocratic President, Robert Mugabe, lauded the decision by the government’s finance officials. Speaking on Tuesday, he said the move would “inject liquidity” into the country’s market and would offer a “new possibility for us.”

The central bank Governor, John Mangudya, said the yuan would be promoted in Zimbabwe since it would minimize the exchange-rate losses in trade between the two countries.

But some local economists told Zimbabwean newspaper NewsDay that they don’t expect the adoption of the yuan to make any significant difference to the economy.

Earlier this month, Chinese President Xi Jinping was given a hero’s welcome during a visit to Zimbabwe, where he announced a $1-billion loan to finance the expansion of a power plant. The Chinese leader then attended a China-Africa summit in Johannesburg and announced $60-billion in new credit and financing for Africa.

Zimbabwe is reported to have received more than $1-billion in low-interest loans from China over the past five years.

The yuan has been winning acceptability worldwide in recent years, although never as a legal tender in another country until now.

The International Monetary Fund decided last month to include the yuan in its benchmark currency basket. Ghana has begun allowing banks to sell yuan, and Kenya and South Africa both have clearinghouses that allow traders to make transactions between local currencies and the yuan, without using the U.S. dollar as an intermediary.


I guess the commies have to start somewhere and what a better starting point then some country already destroyed by Robert Mugabe. 

[Manny]

This girl wants 1 Rouble to 1 dollar and thinks Russia should get Alaska back.

Russian song with English subtitles.

[Omega1982]

Kak interesna tavarish 

I wonder if they want Alaska with or without Sarah Palin? 

[B.B.]

This girl wants 1 Rouble to 1 dollar and thinks Russia should get Alaska back.

I'd happily trade her 1 PYb for every one of her dollars.   

Alaska?  Not so much.  Giving it back would ruin the flag.

B/B

[Anteros]

This girl wants 1 Rouble to 1 dollar and thinks Russia should get Alaska back.

Russian song with English subtitles.

And Russians claim that Ukrainians are simpletons!   
At least she's cute and the song is catchy.

[cufflinks]

LOL Unlike the Mehicano Reconquistas that want the Southwest USA back that we took as Spanish American war reparations along with the Philippines - we actually bought Alaska from a Czar - they want it back they will have to pay market Rates - $250 Trillion USD in Gold, Platinum, Rare Earths and cheap Oil along with Industrial Impact diamonds would be acceptable.  Of course we will require Pipeline, Rail and port easements.

Then instead of invading the Baltics and Black Sea countries Mother Russia can amass a nuclear armed invasion force to take over Canada and bring over Nordic Slavic beauties while they wipe out Militant Phat Marxist Feminist SLUT waking pro LGBTQ SJWs in the process.

Be careful what you wish for mateys...

[Manny]

$250 Trillion USD in Gold, Platinum, Rare Earths and cheap Oil

Surely you would want dollars? 

[Tom Cat]

No, Virginia, Trading Oil in Other Currencies Won't Kill the Dollar

http://russia-insider.com/en/no-virginia-trading-oil-other-currencies-wont-kill-dollar/ri12825

[andrewfi]

I sometimes wonder if the writer of the piece is on a bonus for writing misleading and counterfactual articles.

A few weeks ago he was writing that the army now surrounding Aleppo did not exist.

[cufflinks]

De-Dollarisation... not for the UK - its is retirement wealth confiscation!

https://www.armstrongeconomics.com/history/europes-economic-history/britain-seizing-pension-funds/

Blog/Europe's Economic History
Posted Feb 12, 2016 by Martin Armstrong

"I have been warning that Chancellor George Osborne is probably going to go down in history as the man who destroys what is left of the British empire. He has done everything wrong. Seizing pension funds to be invested by his decree is up there with Argentina’s standards. Osborne is currently putting in place his grand scheme to retain the power of government in Britain. His grand scheme is to seize control of the nation’s local government pension schemes and direct them to invest in his infrastructure projects that are probably lobbied by friends."

Seems while the ECB, Japan, Denmark, Sweden and Switzerland are all implementing Negative Interest rates (With the FED toying with the idea for the USA) the Brits have opted for outright wealth confiscation - no wonder you lot invented IBDs secreted around the British Commonwealth's Financial Empire - to protect yourselves from the Rabid socialists on the home islands and nearby continent.

[Ste]

De-Dollarisation... not for the UK - its is retirement wealth confiscation!

https://www.armstrongeconomics.com/history/europes-economic-history/britain-seizing-pension-funds/

Blog/Europe's Economic History
Posted Feb 12, 2016 by Martin Armstrong

"I have been warning that Chancellor George Osborne is probably going to go down in history as the man who destroys what is left of the British empire. He has done everything wrong. Seizing pension funds to be invested by his decree is up there with Argentina’s standards. Osborne is currently putting in place his grand scheme to retain the power of government in Britain. His grand scheme is to seize control of the nation’s local government pension schemes and direct them to invest in his infrastructure projects that are probably lobbied by friends."

Gideon, IDS et al are stripping what little dignity and assets those not rich have left, it's a shite state of affairs, I really do fear one of them will be killed, the disadvantaged are not only angry, but desperate.

There's nothing left to take off them, but still they squeeze every last drop.

We have food banks everywhere, we have the bedroom tax, we've had the pastie tax, we're spunking billions on Trident and two huge pointless aircraft carriers that no planes can take off from or land on, even Cameron's Mum is fighting against his 'measures'.

And Jeremy Hunt forces a contract on NHS staff despite not having a clue about about contract law.....

Not long for this lot.

[cufflinks]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

[treadmilldude]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

[Ste]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,    me, Trump is worse than Putin, and thats saying something.....

[Anteros]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,    me, Trump is worse than Putin, and thats saying something.....

Too bad.  Just like the formerly great Great Britain needed a strong leader like Winston Churchill, the world now craves a strong leader like Trump.  Being loyal to my party I will vote for whoever the nominee is, however it's no secret that Trump is currently my first choice.

[Ste]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,    me, Trump is worse than Putin, and thats saying something.....

Too bad.  Just like the formerly great Great Britain needed a strong leader like Winston Churchill, the world now craves a strong leader like Trump.  Being loyal to my party I will vote for whoever the nominee is, however it's no secret that Trump is currently my first choice.

My UK vote is for Corbyn, irrespective of politics he has one unique thing. Genuine empathy for real people - I was speaking with him at KX station a while back, he will talk with the general public F2F, and listen and not push spin. So I really can't see anyone voting for anyone after this lot in UK, except maybe Corbyn, Mr Normal Voter can see this now, but it might well be too late, he's too old. One thing is for sure,  this current UK government will be the last Tory one for a long time, people are sick of it and the people have the franchise...

Sanders in US would get my vote but tbh I don't know that much about him, other than he's not any of the others.

All IMHO, not getting into pointless tit-for-tat diktat, we can all dig up stuff pro- anti- this.

[Anteros]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,    me, Trump is worse than Putin, and thats saying something.....

Too bad.  Just like the formerly great Great Britain needed a strong leader like Winston Churchill, the world now craves a strong leader like Trump.  Being loyal to my party I will vote for whoever the nominee is, however it's no secret that Trump is currently my first choice.

My UK vote is for Corbyn, irrespective of politics he has one unique thing. Genuine empathy for real people - I was speaking with him at KX station a while back, he will talk with the general public F2F, and listen and not push spin. So I really can't see anyone voting for anyone after this lot in UK, except maybe Corbyn, Mr Normal Voter can see this now, but it might well be too late, he's too old. One thing is for sure,  this current UK government will be the last Tory one for a long time, people are sick of it and the people have the franchise...

Sanders in US would get my vote but tbh I don't know that much about him, other than he's not any of the others.

All IMHO, not getting into pointless tit-for-tat diktat, we can all dig up stuff pro- anti- this.

Absolutely a person should vote their conscience.  I once met Ron Paul and chatted with him.  A good man and I like his son Rand Paul -- a Libertarian.

Since it's true there might be some serious economic problems soon (on topic with the thread title, De-Dollarisation),  I would recommend that you and anyone else reading purchase some Silver and Gold bullion as emergency money in case of some sort of collapse.  Depending on who is the next US President, this may become very important.

[Manny]

My UK vote is for Corbyn,

 

[Slumba]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.

[Anteros]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.

+1

[cufflinks]

$250 Trillion USD in Gold, Platinum, Rare Earths and cheap Oil

Surely you would want dollars? 

The following Denomination USDollars just fine - 1 oz fine to be exact... will accept same 1 oz mintage in Pandas Rubles Rand and CADs as well...

[cufflinks]

Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.

+1

Actually the 11 Million number is an old 2005 estimate the real Post Obama Islmo-Sympatico era number is between 30 to 60 million and already bankrupting the USA thanks to Obamas HATE AMERICA FIRST policies...