Russia Is Doing It – Russia Is Actually Abandoning The Dollar

http://nypost.com/2013/12/15/inside-the-saudi-911-coverup/

 

MSNBC is critical of the Obama administration on occasion, you will not find a single article or story in the history of RT that has ever been critical of the Putin administration, the same is true of every single solitary Russian based media outlet, there is no free press in Russia they are all Kremlin mouthpieces.

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No, AQ is at war with the House of Saud as well.

 

Does America want the dollar to crash? What would be the good out of even the dollars value dropping?

 

The UAE (joined OPEC in 1967) has an agreement with China to trade oil in their own currencies, not the US$. China also has agreements to trade in non-US$ with Russia, Japan, African nations, and others. As the big boy on the block in terms of energy use, China can change the stage. And China absolutely wants the world to dump the US$.

Saudi Arabia has been in talks with China about trading outside the US$.

Iran stopped trading oil exclusively in US$ in 2003, and stopped completely in 2008. Iran is one of the 5 original OPEC nations.

Venezuela, another of the original 5 OPEC nations, in 2001 openly stated it wanted to trade oil in Euros, and started trading in non US$ in 2006.

Indonesia (joined OPEC in 1962 but suspended its membership in 2009) trades oil in US$ and non-US$.

I won't check the rest of the OPEC nations, you get the point.

Few oil rich and/or wealthy nations like being tied to the US$. The IMF and the UN are openly lobbying to replace the US$, so is China and the BRIC nations. Its over for the US$.

 

Putin the good man therefore him don't criticize... but only praise
ok .I will give a little pleasure to russophobs - choose...https://www.google.co.nz/search?biw=1360&bih=620&tbm=isch&oq=+%D0%9F%D1%83%D1%82%D0%BB%D 0%B5%D1%80&gs_l=img.3..0l2j0i24l2.14895.1 7176.0.17471.2.2.0.0.0.0.243.4 63.2-2.2.0....0...1c.1.48.img..0.2. 447.8Nunhsv-aT8&q=%D0%9F%D1%83%D1%82%D0%BB%D0% B5%D1%80#facrc=_&imgdii=_&imgrc=7M4ltB1lBcvQ1M%253A%3BaS NN1hvrTPZy6M%3Bhttp%253A%252F% 252Fs.pikabu.ru%252Fpost_img%2 52F2013%252F05%252F19%252F7%25 2F1368959110_1076009072.jpg%3B http%253A%252F%252Fpikabu.ru%2 52Ftag%252F%2525D0%2525BF%2525 D1%252583%2525D1%252582%2525D0 %2525BB%2525D0%2525B5%2525D1%2 52580%252Fnew%3B700%3B503

you can put this video in bookmarks
[video=youtube_share;tKqfeYcvpzk]http://youtu.be/tKqfeYcvpzk[/video]

 

Wow! Everyone responded to Face Your for me!
Consider also that Russia is only 2% of world share behind the US in the weapons market. If the Grand Wizar of Itsreallybad wants to buy a few S-400 missile systems, do you think Putin is going to haggle over the face on his sheckels?
Russia does have serious problems, as you see detailed here:
http://en.wikipedia.org/wiki/Defense_industry_of_Russia

 

When? You detail all these nations already trading in something other than the dollar and yet the US continues just fine.
Bunch of chicken littles, the sky is falling hysteria. Every other nation in the world survives just fine without being the worlds reserve currency and the US will also.

 

An alternative explanation: Putin is good, but Obama is bad. Russians are naturally united and supportive, because of Ukrainian trouble brought by EU and NATO. Obama is a centrist, struggling with GOP. Actually intrusion of junta in Kiev helped Putin.

 

Look up "normalcy bias".

 

If the USD collapsed those who own gold will become the upper class. But honestly China cannot survive without the US, they would simply starve. No other country in the world produces as much food as the US and that's why we control who we need when we need.

 

Think about this.....who would you rather be?

The Nation that refuses to pay you with a Military you could never hope to challenge.....or YOU who are owed Money you can only collect if those who owe it to you pay you?

AboveAlpha

 

That's an unlikely scenario for several reasons.

In keeping with the thread topic, here's something directly related to it.

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Link: http://voiceofrussia.com/2014_04_04/Russia-prepares-to-attack-the-petrodollar-2335/

The US dollar's position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away.

The existence of "petrodollars" is one of the pillars of America's economic might because it creates a significant external demand for American currency, allowing the US to accumulate enormous debts without defaulting. If a Japanese buyer wants to buy a barrel of Saudi oil, he has to pay in dollars even if no American oil company ever touches the said barrel. Dollar has held a dominant position in global trading for such a long time that even Gazprom's natural gas contracts for Europe are priced and paid for in US dollars. Until recently, a significant part of EU-China trade had been priced in dollars.

Lately, China has led the BRICS efforts to dislodge the dollar from its position as the main global currency, but the "sanctions war" between Washington and Moscow gave an impetus to the long-awaited scheme to launch the petroruble and switch all Russian energy exports away from the US currency .

The main supporters of this plan are Sergey Glaziev, the economic aide of the Russian President and Igor Sechin, the CEO of Rosneft, the biggest Russian oil company and a close ally of Vladimir Putin. Both have been very vocal in their quest to replace the dollar with the Russian ruble. Now, several top Russian officials are pushing the plan forward.

First, it was the Minister of Economy, Alexei Ulyukaev who told Russia 24 news channel that the Russian energy companies must ditch the dollar. "They must be braver in signing contracts in rubles and the currencies of partner-countries," he said.

Then, on March 2, Andrei Kostin, the CEO of state-owned VTB bank, told the press that Gazprom, Rosneft and Rosoboronexport, state company specialized in weapon exports, can start trading in rubles. " I've spoken to Gazprom, to Rosneft and Rosoboronexport management and they don't mind switching their exports to rubles. They only need a mechanism to do that ", Kostin told the attendees of the annual Russian Bank Association meeting.

Judging by the statement made at the same meeting by Valentina Matviyenko, the speaker of Russia's upper house of parliament, it is safe to assume that no resources will be spared to create such a mechanism. " Some ‘hot headed' decision-makers have already forgotten that the global economic crisis of 2008 - which is still taking its toll on the world - started with a collapse of certain credit institutions in the US, Great Britain and other countries. This is why we believe that any hostile financial actions are a double-edged sword and even the slightest error will send the boomerang back to the aborigines," she said.

It seems that Moscow has decided who will be in charge of the "boomerang". Igor Sechin, the CEO of Rosneft, has been nominated to chair the board of directors of Saint-Petersburg Commodity Exchange, a specialized commodity exchange. In October 2013, speaking at the World Energy Congress in Korea, Sechin called for a "global mechanism to trade natural gas" and went on suggesting that " it was advisable to create an international exchange for the participating countries, where transactions could be registered with the use of regional currencies ". Now, one of the most influential leaders of the global energy trading community has the perfect instrument to make this plan a reality. A Russian commodity exchange where reference prices for Russian oil and natural gas will be set in rubles instead of dollars will be a strong blow to the petrodollar.

Rosneft has recently signed a series of big contracts for oil exports to China and is close to signing a "jumbo deal" with Indian companies. In both deals, there are no US dollars involved. Reuters reports, that Russia is close to entering a goods-for-oil swap transaction with Iran that will give Rosneft around 500,000 barrels of Iranian oil per day to sell in the global market. The White House and the russophobes in the Senate are livid and are trying to block the transaction because it opens up some very serious and nasty scenarios for the petrodollar. If Sechin decides to sell this Iranian oil for rubles, through a Russian exchange, such move will boost the chances of the "petroruble" and will hurt the petrodollar.

It can be said that the US sanctions have opened a Pandora's box of troubles for the American currency. The Russian retaliation will surely be unpleasant for Washington, but what happens if other oil producers and consumers decide to follow the example set by Russia? During the last month, China opened two centers to process yuan-denominated trade flows, one in London and one in Frankfurt. Are the Chinese preparing a similar move against the greenback? We'll soon find out.

 

I commend you for providing the membership with a good post.

Here is what is going on.

Putin killed the planned U.S./Russia Siberian Infrastructure and Oil Exploration Program back about 11 years ago.

This Program if it had been implemented back then would by now have made Russia one of the largest exporters of Oil in the World.

Putin told Russian's that they did not need the U.S. help and because of this there is less Oil being pumped our of Siberia today then there was 11 years ago.

Both the U.S. and Russia agreed and STILL AGREE....that China cannot be allowed to grow too fast as this would wrack havoc upon markets and at least until the Old Maoist Communists have died off....it would cause a growing concern for Russian National Security.

The United States will be completely energy self sufficient by 2025 to 2027....and the U.S. and Canada will be the largest exporters of Shale Oil and Sand Tar Oil on the Planet.

Russia might say it want's to do this or that....but any change to RUBLES....will cause it's energy markets such instability it would hardly be worth it.

AboveAlpha

 

Putin has been on a course to free Russia of the grip of the ogliarchs. Canceling joint ventures with the US can be seen in that light. Yeltsin practically gave away the country. Of course, the US loved him for that. He was a useful idiot. Putin is anything but an idiot.

On China growing too fast. There was a safeguard inserted into the agreement with its joining the WTO for countries to limit Chinese imports for 12 years. The US didn't pull that trigger then and the 12 years are now up. It's a little late to worry about China getting too big. Besides, Russia and China have been strengthening ties for a decade now. Russia will not be negatively affected by China.

Talking about US energy independence is fine, but that is years down the road. Besides, petrodollars and physical oil are two different things. The petrdollar is vital in sustaining our debt., and we have a LOT of debt.

 

Link: http://rt.com/business/170132-brics-bank-shanghai-hq/

Shanghai is considered to be the frontrunner between Russia, China, India and South Africa to become home to the new BRICS bank, media reports. The bank is an attempt by emerging economies to challenge the US-based global lending institutions.

Four of the BRICS countries – China, Russia, India and South Africa are putting forward cities to host the new financial institution. However Brazil is not nominating a city.

The choice of city is expected to be made at the leaders’ summit in Brazil on July 15, but Shanghai is seen by analysts as the firm favorite, says the Financial Times (FT). The leadership of the bank will be decided in the same month, and will be likely rotated every five years.

The bank is scheduled to be officially launched at the same summit.

China is starting a separate bilateral institution in Asia which is a rival to the Asian Development Bank, which is considered to be over influenced by the US and its allies.

The Research Center of Shanghai's Fudan University says China has a strong advantage in terms of economic and political stability compared to India and Russia.

China is the world’s second largest economy, with the largest trade and investment volumes, the research report added.

On top of that, “China’s total bank-scale ranks among the highest in world, demonstrating its strong ability to resist risks,” the Fudan University report concluded.

Each BRICS member is expected to put an equal share into establishing the startup capital of $50 billion. BRICS officials also plan to set up a joint $100 billion emergency swap fund for financial crises available only if needed to meet the bank’s obligations. To compare, the World Bank has capital of $223 billion, and most of it is callable.

Despite initially being a small rival the World Bank or the International Monetary Fund, it will serve as a reminder to the US of the shift in the global economy towards the developing world.

“This is a considerable group of countries from around the world that have come together to create something without US or European involvement, this is significant,” the Financial Times quotes Oliver Stuenkel, Assistant Professor of International Relations at the Getulio Vargas Foundation in São Paulo.

Since 2010 the US Congress has received proposals to increase the influence of emerging nations in the International Monetary Fund; however the program has not yet faced further development.

“Congress is not ratifying [the changes] and that has caused a certain amount of disquiet and unease among the BRICS countries,” said Jose Graça Lima of Brazil's external affairs ministry.

“This arrangement [the BRICS bank and reserve fund] is not a response to that [but] it is an indication that it is possible among the BRICS to create mechanisms to realise certain objectives,” Graça Lima added.

 

My point is this.

There is ZERO chance the Ruble will be used in this case and if it is it will be a publicity stunt that will last for about a day.

Putin's actions really are NOT in the best interests of Russia and they are simply temporary ploys to answer U.S. Limited Sanctions.

Russia has very little REAL interests in supplying China with large amounts of Oil.

AboveAlpha

 

Russia is actually nothing but a hemorrhoid on America's posterior at this point.

Hey, hint to the terrorists... you can only attack America from its infrastructure. Just like 9/11. If you try to attack us from outside the country, we'll blast you back into the Stone Age. We really will do that.

Hey, why doesn't al Quaeda try to sneak in through the Mexican border.

Give us targets. Everybody wins. Even you (*)(*)(*)(*)(*) liberals.

Now, we have to discover those who mean to do us harm. Wouldn't you know it, the Second Amendment is still in praxis.

All we want to do is live our lives. You can't turn on a television without being affronted by some kind of gun violence. We don't care where they got their guns, we got ours the right way.

So, I apologize for seeming dismissive or rude, but f**k yourselves.

 

Why all the talk about BRIC?

It is so small of am Economic Group in comparison to U.S.and European Economic Groups it is ridiculous.

China's entire Economy exists at the behest of the United States...as we were the first to penetrate the Chinese Market and we also have been going about a VERY long term plan which was designed to slowly all the Chinese People to experience the Western World through Trade and it has been working so well China really can no longer be called a Communist Nation.

This plan has ALLOWED China to maintain an overbalanced Export capability into U.S. Markets and the Chinese Economy is so dependent upon this any attempt to defy U.S. notions of World Peace will result in the collapse of the Chinese Economy....along with payments on loans...China's Economy is completely dependent upon U.S. actions.

AboveAlpha

 

My opinion is that if they set up the mechanism for doing it, they're serious.

What do you think of what I posted about how countries had a 12 year window to limit Chinese imports, yet we failed to do so?

Bush ignored this for 2 terms and so did Obama. When he took office in 2009, we still had 4 years left to limit imports and he chose not to. Considering the shape we were in, especially regarding unemployment, I can't think of any reason not to have used that safeguard.

 

The BRICS bloc is small compared to the US and EU economies, but they are not inconsequential. 4 of the BRICS countries are in the top 10 for economic size. Another plus is they are positioned for growth. The US and EU have a LOT of debt.

The BRICS factor should be seen in context of the independent moves by Russia and China. Taken together, it's a pretty big deal.

I don't fully agree with how dependent China is on the US market, at least now. China has so much business that it's building factories in other Asian countries. If the market got smaller, China could repatriate those factories to mitigate its losses.

 

Tecoyah we disagree on many issues mostly of philosophy and religion. Our disagreements are lesser in the areas of science etc. That said on this OT we mostly agree! I doubt that Russia the nation will completely fail in the near future, still some political components might crash and burn! One thing is as sure as anything can be in this increasingly nutty world and that is trading of dollars for Euros isn’t the best move and will come back to bite those nations that participate in such foolish endeavors. The US dollar is so connected and so powerful the entire world may fail if it fails. By that I mean government and such things. Of course the failing of government means starving US citizens which means the USA may just start a nuclear WW3 or maybe just a sortie like NAM or Iraq. So my friends I am sad to report that IMO the end of life as the world knows it began when FDR removed most of the dollar collateralizing gold protecting and stabilizing the USA’s currency.

Lastly allow me a walkabout tangent? Tricky Dick (hed) Nixon made sure the dollar will fail at some time by taking the bit of gold that remained** and substituting an government IOU in its place. NOT GOOD! When the dollar fails I am fairly sure if the USA ‘fails’*** as well that will spell the end of the world not just the nations that trade in the dollar. I would love to see the world revert back to some kind of an aggregate group of lightly if at all connected nations, where independency is NOT an issue. As it is we are heading towards an one world one government where Cesar or a ‘Fuhrer’ will rule with TOTAL power. That my friends and foes will be a first of history. I fear it will be a nightmarish of unbelievable proportions first.

Reva

 

Sorry, I it passed something. In what there was specifically a help? I precisely know that almost all people of the Russian Federation - (approximately with 1991 - 2000 x )didn't get paid for work what they do are months.At this time thousands companies collapsed

and the facts are? or only bla bla

US try when the Maidan start , but can't .Because this adventure isn't favorable to Europe...

According to messages at a forum, you personally look like have huge interest...

 

The health of the USA's dollar sadly is irrevocable entangled with the health of all the worlds nations. Even those that hate the USA should pray our dollar remains the main currency and remains healthy!. That said the foreign policy of the USA should be ; not to help, assist, render aid etc to any nation, not until the USA improves in all areas of its national health'. Its a matter of survival IMO of the USA as a nation, and as a matter of the WORLDS health as in the humanities. In fact we should stop the policemen of the world, attempting to save democracy our way of life freedom or whatever catch phrase is fashionable in political speak. The best way we can save our way of life which means liberty, freedom, individual rights for all men is to be internally strong. America should rebuild her moral and ethical fiber. The currency and other things that seem to drag the USA and the world down coming like a parasite from the inside. The way to fix it is to eliminate the parasite, and that parasite is the something for nothing socialist trending way we are heading. Isolate, rehabilitate, then the ‘end’ that seems to be looming could be a new ‘beginning’ of a new world. If we (the USA mostly) continues its unworthy and obsolete way in the world well we might as well bend over and ceaster's* goodbye.

ceaster's* = ....."root from the english/roman ' attached to the end'. "




reva

 

https://www.youtube.com/watch?v=ZvKucpTckjA&feature=player_embedded
US plans the first strike on Russia

 

I don't see it.