Wednesday, December 27, 2017

First major country to dump US dollar for trade

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal said on Monday that the government was examining a proposal to replace the US dollar with the Chinese yuan for trade between China and Pakistan.

More

As China is well on it's way to become the largest economy .. and superpower.... in the world, this makes sense.

Beginning of the end for the Dollar.

Comments

Long live Dotard!

Winning!

#1 | Posted by J_Tremain at 2017-12-27 12:47 AM

Pakistan is trying to replace the dollar because it's not compatible with the standard unit of ---- currency, the dried burro turd.

#2 | Posted by cookfish at 2017-12-27 10:40 AM

So what? It's insane headers like this that make me laugh. Who cares what currency they want to 'cross' with? It's meaningless!!

#3 | Posted by DavetheWave at 2017-12-27 11:47 AM

Now if they decided to cross in BTC or other crypto currencies that would be a news item!!

#4 | Posted by DavetheWave at 2017-12-27 11:48 AM

Agreed. However BTC is going up and down like a rollercoaster... the time isn't right.

Who cares

China does. And if China does, the rest of the world does.

the standard unit of ---- currency, the dried burro turd

I can smell the agony from here man.... chill. It won't take less than like 25-50 years for the Dollar to go to Hell.... it's not like it's going to happen tomorrow. You got time.

But it's going to happen.. the process has started.

When it does go to Hell and is as worthless as the Mexican Peso, remember THIS is where it started.

#5 | Posted by J_Tremain at 2017-12-27 01:15 PM

Thanks DOTUS. So much winning!

#6 | Posted by jpw at 2017-12-27 02:13 PM

Does it matter to anyone that they don't cross with the dollar??? If so explain why!!

#7 | Posted by DavetheWave at 2017-12-27 02:46 PM

Um, clearly the ----- aren't paying attention to what happened to Khaddafi after he tried to ditch the $.

#8 | Posted by madbomber at 2017-12-27 02:47 PM

explain why

Domino effect.

Um, clearly the ----- aren't paying attention to what happened to Khaddafi after he tried to ditch the $.

Um, they don't care.

They can get away with it and they know it. I said "first major country".. with nukes. Not like village-idiot Libya.

BTW, Dotard claimed "Pakistan RESPECTS us now!"

Sure Dotard. Anything you say, Dotard. They are showing true "respect". (Does he even get it???) LOL

#9 | Posted by J_Tremain at 2017-12-27 02:57 PM

In 5 years, the YUAN will be one of the major reserve currencies of the world, every bit as trustworthy as the Dollar used to be.

That's a PROMISE.

#10 | Posted by J_Tremain at 2017-12-27 03:00 PM

China controls their currency pricing fluctuation directly via a central authority, I doubt they could become a "major reserve currency" unless they abandon their currency manipulation.

A third world country deciding to trade a couple oil barrels in a non-US currency isn't a big deal, it only makes them a target in geopolitics.

#11 | Posted by GOnoles92 at 2017-12-27 03:07 PM

Now if they decided to cross in BTC or other crypto currencies that would be a news item!!

#4 | POSTED BY DAVETHEWAVE

Definitely, and Venezuela may do something akin to that, eventually, according to rumors. There was an announcement by their government about a natural resource backed crypto currency, which would be interesting if put into play.

#12 | Posted by GOnoles92 at 2017-12-27 03:09 PM

deciding to trade a couple oil barrels

China is an oil importer not an oil exporter, you stupid man.

#13 | Posted by J_Tremain at 2017-12-27 03:17 PM

makes them a target in geopolitics.

Right now the only fatso target in geopolitics is the USA.

It's got a Dotard drawn on a Bull's Eye.

#14 | Posted by J_Tremain at 2017-12-27 03:20 PM

pbs.twimg.com

#15 | Posted by J_Tremain at 2017-12-27 03:25 PM

I guess the fact that the US is now giving 1/5th the aid to Pakistan and shifting priorities over to Afghanistan and India has nothing to do with this, at least as far as our USA loving Texan is concerned...

#16 | Posted by Rightocenter at 2017-12-27 03:26 PM

the fact that the US is now giving 1/5th the aid to Pakistan

The "fact" is USA gives ZERO aid to Pakistan.

Trump did give $700 million to Pakistan two days ago (despite his "tough talk")... it was Coalition Support Funds. That's money that is reimbursed.

In case you haven't got a dictionary, "Reimbursed" = to pay back; refund; repay.

and shifting priorities over to Afghanistan and India

hahahaha... He said it. He didn't do it.

Haven't you figured him out by now???

When he makes a promise, he messes it up in some way so bad, it can't happen.

#17 | Posted by J_Tremain at 2017-12-27 03:34 PM

Those $700 million will be converted to YUAN and make the YUAN stronger.

Every little bit helps... keep it coming!!!

#18 | Posted by J_Tremain at 2017-12-27 03:35 PM

Headline fail.

Pakistan isn't a major country.

#19 | Posted by ClownShack at 2017-12-27 03:55 PM

Just like the dollar is no longer a major currency?

OOPS!

#20 | Posted by J_Tremain at 2017-12-27 04:03 PM

If Vz does launch a crypto Gonzalez it'd be a major fail.

#21 | Posted by DavetheWave at 2017-12-27 04:17 PM

It's odd that a first or second generation Pakistani-Texan-American would spend so much time and energy -------- on his host country.

*wink*

#22 | Posted by madscientist at 2017-12-27 04:39 PM

The "fact" is USA gives ZERO aid to Pakistan.

That's contrary to the link that Rein put up that you so relentlessly spammed:

Trump has won praise in parts of South Asia, a region his team has re-dubbed the "Indo-Pacific" and where it is favoring India and Afghanistan over Pakistan. The administration has asked Congress for $350 million in aid to Pakistan for 2018, not quite one-tenth the amount Washington provided five years ago.

Afghan officials say they are encouraged by Trump's renewed pressure on neighboring Pakistan to take "decisive action" to stop militant groups operating from its soil.

No wonder the people in "Texistan" angrily want to dump the dollar, they are getting 1/10th of the freebies that they got under the Obama Administration.

#23 | Posted by Rightocenter at 2017-12-27 04:50 PM

The administration has asked Congress for $350 million in aid to Pakistan for 2018

So why did he just give them $700 million in "aid"??? hahahahahahaha

Gawd you people are such gullible idiots.

Trump signs bill that includes $700m reimbursement for Pakistan

US President Donald Trump has signed into law a $700 billion defence bill that includes up to $700 million to reimburse Pakistan for supporting US military operations in Afghanistan.

OOPS!

See, when Trump cries "fake news", he is actually creating fake news of his own.

Afghan officials say they are encouraged by Trump's renewed pressure on neighboring Pakistan to take "decisive action" to stop militant groups operating from its soil.

Pakistan army rescued a Canadian family from the trunk of taliban car.

That was enough bling .. "decisive action"... to keep the Dotard happy,

you so relentlessly spammed

Texans do not spam.

#24 | Posted by J_Tremain at 2017-12-28 01:29 AM

There is quite a large difference between $350 million and what he actually signed... $700 million.

Trump talks YUUUGE. And that's it. He doesn't DO much of anything.

He thinks the American people are SUCKERS... and most of the time, he's been proven correct.

#25 | Posted by J_Tremain at 2017-12-28 01:32 AM

screenshots.firefox.com

hahahahahahahahahahahahaha!

#26 | Posted by J_Tremain at 2017-12-28 01:34 AM

A President who said he was going to MAGA seems to be ignoring the efforts of China and Pakistan to not MAGA. Trump is a faker, he hasn't actually done anything to make America stronger economically in the world because the billionaires own his stupid ass and they are making money selling out America.
What effect will lowering taxes on repatriated funds have on the future, it encourages the billionaires to further gut American manufacturing, send more jobs overseas and keep the profits without fear of taxation. Sooner or later, Americans will wake up to the FACT they are being screwed by the "populist" they allowed to steal the Presidency.

#27 | Posted by danni at 2017-12-28 06:41 AM

Does it matter to anyone that they don't cross with the dollar??? If so explain why!!

#7 | POSTED BY DAVETHEWAVE AT 2017-12-27 02:46 PM | REPLY | FLAG:

It's a game change. We lose so much power when we lose monetary control.

We no longer have the ability to impact the world's markets of they're not linked to the currency.

We also can't print yuan to pay off debts.

#28 | Posted by BruceBanner at 2017-12-28 07:28 AM

28 because 2 countries decide to cross currencies on their own? That's so outrageously crazy it comical. By what right do we control the currency markets?

My response is ... Let them. It makes absolutely ZERO difference to the US. We don't control world markets, nor should we.

#29 | Posted by DavetheWave at 2017-12-28 07:57 AM

My response is ... Let them. It makes absolutely ZERO difference to the US. We don't control world markets, nor should we.

Good man.

However, it makes a hell of a difference to the billionaires/people who run your lives.

The destroyed Libya, destroyed Iraq and ruined Iran's economy ....they still can't get a loan in the international market and their currency is toilet.

All three dared to try dumping the dollar.

If you dump the dollar, America comes after you HARD.

In other news, George Soros' company was also just kicked out of Pakistan.

#30 | Posted by J_Tremain at 2017-12-28 08:45 AM

So now Pakistan is a "major" country? Along with Luxemborg, Gabon and Paraguay?

#31 | Posted by moder8 at 2017-12-28 12:00 PM

Any country that isn't run by a Dotard can be described as a major country.

#32 | Posted by J_Tremain at 2017-12-28 12:41 PM

#31

That is the Coalition Support Fund allocation, ------, and is completely separate from USAID that goes to Pakistan without restrictions. That is what has been cut by 90% and your Government is freaking out over it.

As for the CSF money, you goatherders have misspent about 50% of it, so this year it comes with restrictions for the first time:

US allocates $700m for Pakistan under Coalition Support Fund
The United States has allocated $700 million for Pakistan, according to the bill, which would be paid under the Coalition Support Fund.

However, half of the allocated amount, i.e. $350 million, requires certification by the US secretary of defence that "Pakistan continues to conduct military operations that are contributing to significantly disrupting the safe havens, fundraising and recruiting efforts, and freedom of movement of the Haqqani Network in Pakistan."

It also requires the validation that "Pakistan has taken steps to demonstrate its commitment to prevent the Haqqani Network from using any Pakistan territory as a safe haven and for fundraising and recruiting efforts."

The amount shall not be "eligible for the waiver" unless the secretary of defense certifies to the congressional defense committees that "the Government of Pakistan is making an attempt to actively coordinate with the Government of Afghanistan to restrict the movement of militants, such as the Haqqani Network, along the Afghanistan-Pakistan border," it says.

Furthermore, Pakistan requires certification that "it has shown progress in arresting and prosecuting senior leaders and mid-level operatives of the Haqqani Network."

Since your vaunted ---- "Army" can't seem to find it's --- with both hands, that amount will be cut in half by SecDef and you will certainly be crying for more.

#33 | Posted by Rightocenter at 2017-12-28 01:26 PM

Sorry that should be #24

As for #31, that deserves both a NW and FF.

#34 | Posted by Rightocenter at 2017-12-28 01:26 PM

#31

Luxembourg is a major country.

#35 | Posted by Zed at 2017-12-28 01:37 PM

No. Luxembourg is not a major country. No matter how you slice it. Sorry. And neither Andorra nor Lichtenstein are major countries either. In contrast... Japan is a major country. India is a major country. Germany and France are major countries. Brazil and Canada are major countries. It is at the point in time when we start considering El Salvador or Pakistan or Rwanda to be major countries the list has lost all meaning.

#36 | Posted by moder8 at 2017-12-28 01:44 PM

#36

I've waited a decade to argue over Luxembourg.

#37 | Posted by Zed at 2017-12-28 01:48 PM

That is the Coalition Support Fund allocation, ------, and is completely separate from USAID that goes to Pakistan without restrictions.

Nope.

Americans of a certain kind ... and certain IQ.... pretend that the Coalition Support Fund is "aid".

I was more than happy to correct you.

Since your vaunted ---- "Army" can't seem to find it's --- with both hands

Ummm... it's not the Pakistani Army that's showing it's incompetence with not being able to defeat cave-dwellers for 17 years! LOL

that amount will be cut in half by SecDef

No it won't.

Americans cry "we won't give them anything now".. and then they cave in. It's been that way since 2001.

Why would it be any different now?

#38 | Posted by J_Tremain at 2017-12-29 02:56 AM

It is at the point in time when we start considering El Salvador or Pakistan or Rwanda to be major countries the list has lost all meaning.

The List of Major Countries... brought to you by a Major Fire Fighting Lawyer....

#39 | Posted by J_Tremain at 2017-12-29 02:58 AM

it comes with restrictions for the first time

Nope.

Third time, actually.

And you caved in both times previously.

See...if you cut the Coalition Support Funds, you will cut your own access to Afghanistan.

This is the bill that comes from taking equipment and ammo and fuel from Karachi port to Afghanistan. And it includes a bill for using Pakistani airspace by American aircraft.

So.. a certain kind of American... with a certain kind of IQ... can confuse Coalition Support Funding with aid, all they like... it doesn't change the fact that the bill has to be paid if you want to continue using the corridor for logistics and fuel.

American governments can pretend that Pakistan requires a certificate by the SecDef... we all know he has no choice but to sign it like a good doggy.

When there were over 100,000 American troops in Afghanistan, the bill ran into billions ... which certain kind of Americans... with a certain kind of IQ.. called "aid".

Now that there are only about 15,000 American troops and contractors there, the Bill has come down to $700 Million.

As America keeps losing, this Bill will become less and less.

#40 | Posted by J_Tremain at 2017-12-29 03:10 AM

"In 5 years, the YUAN will be one of the major reserve currencies of the world, every bit as trustworthy as the Dollar used to be.
That's a PROMISE."

No it won't be because they manipulate the value of it. If they were to let it stand alone and be valued on the competitive market, as is the dollar, then it might become as trustworthy as the dollar but China insists on manipulating the value of their currency to benefit their manufacturing. China is a huge country with few natural resources but also a huge population. They operate on the verge of disaster all the time, if the U.S. enacted VAT their economy would spiral down. The only reason we haven't is because they have induced American billionaires to invest in their corporations and those billionaires use their money to affect American elections. If America ever wakes up to what those traitors are doing, China will return to the poverty it enjoyed in the earlier decades. The billionaire class which invests into Chinese factories are the enemies of America and the sooner we recognize that, and deal with it, the better off our nation will be.

#41 | Posted by danni at 2017-12-29 07:13 AM

'Americans cry "we won't give them anything now".. and then they cave in. It's been that way since 2001.
Why would it be any different now?"

We had policy made by G.W. Bush dominate the last 17 years. Time to tell all of our soldiers, and hopefully civillians who worked with us, to get on the plane and fly away. Tell Pakistan, "you're on your own and we aren't your ally any more." Forget about that disastrous part of the world and concern ourselves with our own hemisphere.

#42 | Posted by danni at 2017-12-29 07:18 AM

The only reason we haven't is because they have induced American billionaires to invest in their corporations and those billionaires use their money to affect American elections. If America ever wakes up to what those traitors are doing

Having hate for people more blessed than you is the very definition of Marxism.

Tell Pakistan, "you're on your own and we aren't your ally any more."

I wish!

#43 | Posted by J_Tremain at 2017-12-29 08:03 AM

Forget about that disastrous part of the world

If you leave, Pakistan will tear Afghanistan apart.

You broke Afghanistan... bombed it to hell.... don't you feel any responsibility to fix it???

What about all the drug lords you will leave behind in your puppet Afghan gubmint?

#44 | Posted by J_Tremain at 2017-12-29 08:06 AM

What is the protocol for giving Green Card to an Afghan Drug Lord? Just because he was on our side?

A bit awkward, don't you think?

#45 | Posted by J_Tremain at 2017-12-29 08:08 AM

"We had policy made by G.W. Bush dominate the last 17 years."

Right. We started meddling in the middle east when GWB was elected president.

#46 | Posted by eberly at 2017-12-29 08:27 AM

Drudge Retort Headlines

White House Budget Director: Shutdown 'Kind of Cool' (68 comments)

Senate Votes to End Shut Down (66 comments)

Oxfam: World's Richest 1% Hoard 82% of the Wealth (52 comments)

When Trump's Foreign Policy Luck Runs Out (20 comments)

Opinion: Fix NFL PR Nightmare? Put a Woman in Charge (18 comments)

Patriots vs. Eagles (17 comments)

Honoring 44 of America's Best Teachers (15 comments)

White House Answering Machine Message Lays Blame (15 comments)

Voters Disapprove of Trump, Doubt His Mental Stability (14 comments)