0
   

Russia Is Doing It – Russia Is Actually Abandoning The Dollar

 
 
carloslebaron
 
  -1  
Reply Sun 12 Apr, 2015 09:02 pm
@katsung47,
Quote:
Saddam and Gaddafi tried to abandon dollar in their oil trading. Both were killed in war activated by the US.


That is correct. The US economy is based on a dollar circulating worldwide as the trade currency. Having this privilege, the US can get into incredible levels of debt without problems... the dollar can be printed without gold backup...

Saddam Hussein was taken out of power because he had the initiative to attack the US by replacing the dollar by the Euro as the only trade currency. If Saddam was successful with his intention, the other countries might have followed it and the result should be catastrophic for the economy in the US.

Today, Iraq is the key country to enforce the petro-dollar in a worldwide spread.

But, Russia "and China" have made an agreement to use their own currencies when they do trade between themselves, leaving the dollar out of those transactions.

Plus, Russia with the same initiative of Saddam Hussein to replace the dollar by Euros will cause at the long term a harm to the US economy.

As a respond, the whole Western countries managed to sanction Russia to cause the breaking of their out coming economy.

Lots of articles where reviews by lots show a falling Russia last year, are now changing predicting a recovery by the year 2016.

Even more, RT, the Russian TV news claims that the recovery of Russia is an already fact in 2015.

http://rt.com/business/243129-russian-economy-markets-recovery/

Quote:

The Russian economy has seen a notable rebound with businesses recovering despite a year of contraction caused by Western sanctions. Fluctuations in the domestic currency have narrowed, which brought investors back into the market.

Global investors appear to be optimistic about the future of Russian corporations, as the country’s economic performance provides evidence to recovery, says Bloomberg analyst Matthew Winkler in his article.


A recovery by Russia will cause a big trouble for the US economy, because dollars will have to return back and this will cause inflation by the unwanted money supply.

With China, the Western strategy was to incite the young to march and protest for changes in government, but it didn't work, and China will continue rejecting the use of the dollar for transactions with Russia.

The position of Europe is to support the stability of the dollar and its circulation, because European banks are practically dependent of the dollar. But this is not the case of Asian banks, which can survive without the dollar, and countries like India, Thailand, and more might feel attracted to create a solid economic block using the dollar solely for trade with Western countries but the use of their own currencies for trading with regional neighbor countries.

This is an obscure scenario that the US and Europe are trying to stop.

0 Replies
 
cicerone imposter
 
  1  
Reply Sat 18 Apr, 2015 12:35 pm
What is your personal opinion about the Russian's selling US dollars?
0 Replies
 
oralloy
 
  -2  
Reply Wed 20 May, 2015 05:43 am
@hawkeye10,
hawkeye10 wrote:
This ties into China's current effort to replace the World Bank. These Western economic institutions like World bank, IMF, GATT and so on have not been working all that well lately, it is probably time for them to be retired. The East/russa/india alliance will take the lead in creating the new world order. How much Putin gets done before he leaves IDK, but the Russian Empire is as good as back. The Chinese Empire is firmly back.

There was an interesting interview with Ian Bremmer on Charlie Rose last night (promoting his new book about the three courses that are open to America as strategies for our future in the world).

He thought that this new Asian trade treaty that Mr. Obama is trying to negotiate will be huge in reshaping the world if he can get Congress to give him negotiating authority. (He thinks that Mr. Obama will ultimately get said authority due to Republicans being concerned over this new Chinese investment bank.)

He saw China and Russia more as regional powers, and not in a position to shape the world globally. He thinks that China will never back down when it comes to Taiwan and/or Hong Kong, but that the US can get them to stand down on their claim to the entire South China Sea.
oralloy
 
  -1  
Reply Wed 20 May, 2015 06:25 pm
@oralloy,
oralloy wrote:
hawkeye10 wrote:
This ties into China's current effort to replace the World Bank. These Western economic institutions like World bank, IMF, GATT and so on have not been working all that well lately, it is probably time for them to be retired. The East/russa/india alliance will take the lead in creating the new world order. How much Putin gets done before he leaves IDK, but the Russian Empire is as good as back. The Chinese Empire is firmly back.

There was an interesting interview with Ian Bremmer on Charlie Rose last night (promoting his new book about the three courses that are open to America as strategies for our future in the world).

He thought that this new Asian trade treaty that Mr. Obama is trying to negotiate will be huge in reshaping the world if he can get Congress to give him negotiating authority. (He thinks that Mr. Obama will ultimately get said authority due to Republicans being concerned over this new Chinese investment bank.)

He saw China and Russia more as regional powers, and not in a position to shape the world globally. He thinks that China will never back down when it comes to Taiwan and/or Hong Kong, but that the US can get them to stand down on their claim to the entire South China Sea.

Speaking of the South China Sea....

http://www.cnn.com/2015/05/20/politics/south-china-sea-navy-flight/
0 Replies
 
 

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