Russia Is Doing It – Russia Is Actually Abandoning The Dollar

All these years, the US using its "petro-dollar" to take great advantages and consume all the resources from the world and making the US becomes the most powerful country.

Other countries know that, the US is taking advantage from them but only have to follow the rules as USD is back up by strong military power.

But everyone can see its power is declining. At least not enough to settle the fire of middle east and stop the rise of Russia as well as China at the same time.

Russia and China are big enough to challenge the game rules of US dollar, not like Iraq or Libya.

The technology advancement may also be one of the factors to help changing the petrol-dollar system? (other kinds of energy besides oil)

 

The sanctions will give a hard time to Russia, but certainly can't destroy its economy.

 

The World Economy is much to connected and integrated with the U.S. Economy for any Nation including Russia and China to attempt any economic subversive activity against the U.S.

China....the worlds most populous nation which under reports it's population at 1.4 Billion as it is actually about 1.7 Billion as China does this to get the U.N. Poverty Commission off it's back....still only has a $6 Trillion Economy.

Compared to the $17.7 Trillion U.S. Economy as well as the U.S. being the worlds largest Manufacturer as well as Growing as much food as 1/2 of all the Worlds Nations combined....is not going to be allowed to decline economically.

As far as Militarily....the U.S. Military is so far in advancement compared to Russia or China it is ridiculous to even talk about the U.S. Falling behind or declining Militarily.

AboveAlpha

 

The U.S. has been spending Billions of Dollars since 1991 attempting to help the Russian Economy become stable as it is in our National Interests.

Right NOW....there are American Nuclear and Chemical Weapons Experts in Russia destroying old Soviet Nukes and Chemical Weapons and we have spent Billions of Dollars doing this as well.

If the United States wanted to it could completely collapse the Russian Economy within a week....but that is not in our interests.

AboveAlpha

 

Point taken, but the US is not the only market. I guarantee you China could take the hit of lost markets better than the US could survive the dollar's collapse.

Sure, it's the financial nuclear option and China would be loathe to employ it. There comes a point, however, where allowing the world's bully to run free is more costly than the alternative.

Are we there yet? I don't think so, but I do think China is beginning to weigh the cost.

 

China has great potential and would be YEARS far in advance economically now if they had been able to DUMP their Communist Government which at this point struggles to show the average Chinese Citizen it is still viable.

But China has a long...long way to go before being even close to the U.S. Economically and as far as Militarily I don't believe China has the capability of closing an at minimum 20 year gap.

AboveAlpha

 

Just to add....the PLA...People Liberation Army and PLN...Peoples Liberation Navy Leadership has done a good job convincing the still alive but barely Maoist over 80 years old Chinese Communist Leadership Hardliners who not so long ago....2007...were advocating an Invasion of Taiwan.

The PLA and PLN Leadership fortunately convinced the Chinese Communist Party Leadership that any such invasion would end disastrously for Chinese Military Forces which have very little in the way of Force Projection and against both the Taiwan Military and both the U.S. Navy and U.S. Air Force would simply be blown out of the water well before coming even close to Taiwan.

AboveAlpha

 

China is set to overtake the US this year in having the world's largest economy. Now, that is using the IMF purchasing power formula rather than market exchange rate, but it is noteworthy.

China is also a BRICS member, which has 4 countries in the top 12. Not bad, plus the BRICS are set to meet in Brazil this month and are expected to announce the creation of their own development bank.

Taken together, the BRICS are becoming a formidable economic force. The US has a $17+ trillion debt, 2 consecutive quarters of negative growth and a 102% debt to GDP ratio.

The US still has lots of influence, but it is waning. It needs to be careful with its arrogance and 'American Exceptionalism'. It's a charade and the people that count know it.

 

China is not even close to overtaking the U.S. Economically.

And understand BRIC in comparison to the U.S. Economy at $17.7 Trillion and the E.U. Economy at $15.8 Trillion as well as Britain and Japan....is a huge allied block of nations.

As far as debt....the nation that is owed the debt is at the disadvantage as if China ever made the mistake of doing anything we did not want them to do we could simply stop all payments and China's economy would collapse.

China cannot confront the U.S. Militarily thus China's best interests are in helping to keep the U.S. Economy healthy.

AboveAlpha

 

First, check and see. China will overtake the US this year in the way I stated. It's a simple google search.

It would be economic suicide for the US to renege on paying any of its creditors. Wanna consider market-based interest on a $17 trillion debt?

As for the size of economies go, yes, the EU and US are huge, but so is their debt. The BRICS, not so much. The EU has even begun factoring in estimates for prostitution, illegal drugs and the sale of stolen goods in order to improve its debt to GDP ratios.

It's a clear picture of one bloc in decline and another in ascendancy.

 

There are no game rules of US Dollar. Gazprom has demanded dollars for their gas, because that is what they preferred.

 

Lots of oil producers are trading in a basket of currencies. Have been for a while.

 

It happens in US too.

 

We don't have capitalism, and have not for a long time. We have an oligarchy.

 

Considering they have over 4 times the population, doesn't seem all that noteworthy.

 

Do you believe everything you read?

The Truth:
TruthOrFiction.Com has found no evidence of any city in the U.S. dumping the dollar.

This appears to be an advertising campaign to raise awareness on Bitcoin and to sell investment newsletter subscriptions. We found such an ad on the website of political writer and commentator Dick Morris.
http://www.truthorfiction.com/rumors/b/Bitcoin.htm#.U7R0w7kg-Lg
http://pro.moneymappress.com/NVXBITCOIN49/LNVXPCAV/?h=true

 

Who are the Oligarchs?

 

I read an article that Rothschild was in China helping them to buy a lot of his gold. They are buying all kinds of physical gold and quiet as possible. They plan on dumping the dollar and have gold to protect their interests.

 

Russia Today is Soviet propaganda.

 

It doesn't matter what net oil importers decide so long as OPEC is still tied to the dollar then the oil will be traded in green backs and the Saudi's are never going to abandon the dollar, so keep dreaming.

 

Msnbc is Obama propaganda

 

You think the Saudis are our friends?

 

Not Kazakhstan with their superior potassium. You're dreaming pal, Russia is a gas station posing as a country. Call me when OPEC starts trading in Rubles.

 

When it comes to trading partners yes. Do you honestly think there's a chance in hell that they're ever going to start trading in Rubles instead of Dollars? Be real.

 

Didn't they help fund 911?