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Thread: Putin says Russia should aim to sell energy in roubles

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by joG View Post
    You need not hold Dollars to trade commodities as a company. You plan and hedge. The Dollar stream for oil you must pay is no more and sometimes even less risk than the wages in production in your own country, when you are not selling your product domestically.
    Of course you have to hold dollars...either the company or a bank or a government or someone as the transaction MUST take place in U.S. dollars.

    It does not matter who holds the dollars...but someone has to.

    And that is one major thing that keeps the greenback so valuable...it must be held en masse for people all over the world to trade most commodities (especially oil/gas).

    I am not going to debate this as it is fact.

    You don't want to believe it or think it is not a big deal to the health of the U.S. dollar...go ahead.

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by Montecresto View Post
    Um, you diminish the role the US played in both the overthrow of the Ukrainian government and the installation of Yat's!

    Understandably, it is the phrase "**** the EU" in the leaked phone call between Victoria Nuland, the top US diplomat for Europe, and Geoffrey Pyatt, US ambassador to Ukraine, that has attracted the attention. But it is worth listening to the rest of their talk on YouTube to appreciate the extent to which these senior US officials saw themselves as determining who should form a future Ukrainian government.

    Are protesters overthrowing a brutal despot, or merely bad losers at the polls? - Comment - Voices - The Independent

    A coup d’état has occurred in Ukraine and all of the signs and even the actors behind it were known to the world before it happened. Before the democratically elected president went into hiding and the parliament was taken over by western puppets and neo-nazi [sic] thugs we all knew what the western geopolitical architects were planning on their chessboard.
    That is your take? I am more skeptical, though, it is a nice daydream that the US might have the ware with all to do that. I do not think that they are that good.

    The Russians began putting heavy pressure on Kiev, when they decided to sign the trade agreement. That was quite understandable, actually, to be expected by anyone who had read the treaty. The Europeans stirred up the street, when they were insulted at the signing ceremony and rudely turned down. The street organized the demos and blockades with Western but probably not government money. That escalated like we have seen in so many places recently. Along the cultural fault lines the populations view the decision for or against Russia differently and a little support meant Putin could grab Crimea with its resources and possibly detach a chunk of the rump by civil unrest to leave the EU treaty with a small rest of Ukraine and the East in the Federation's area of influence.

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by joG View Post
    That is your take? I am more skeptical, though, it is a nice daydream that the US might have the ware with all to do that. I do not think that they are that good.

    The Russians began putting heavy pressure on Kiev, when they decided to sign the trade agreement. That was quite understandable, actually, to be expected by anyone who had read the treaty. The Europeans stirred up the street, when they were insulted at the signing ceremony and rudely turned down. The street organized the demos and blockades with Western but probably not government money. That escalated like we have seen in so many places recently. Along the cultural fault lines the populations view the decision for or against Russia differently and a little support meant Putin could grab Crimea with its resources and possibly detach a chunk of the rump by civil unrest to leave the EU treaty with a small rest of Ukraine and the East in the Federation's area of influence.
    What are you talking about, the US hasn't the talent to do such things, there's a list longer than your arm where we have done that exact thing all over the world, and you just saw it in Kiev last fall. But apologise away joG.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by Montecresto View Post
    What are you talking about, the US hasn't the talent to do such things, there's a list longer than your arm where we have done that exact thing all over the world, and you just saw it in Kiev last fall. But apologise away joG.
    Yes. The US has assisted the elites in countries in the past. And that was fine. These things are not, however, as cut and dried as you seem to think. And the US is in a much less formidable position to achieve a coup d'état in Ukraine than it was in other places. A number of EU members had much more leverage. No, no. I would not mind had the US done so, except I would no like the US so much involved, but this was a European job.

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    Re: Putin says Russia should aim to sell energy in roubles

    very smart play by putin/russia
    to respond to sanctions he makes a move to undermine the dollar
    the ball is now in our court
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by joG View Post
    Yes. The US has assisted the elites in countries in the past. And that was fine. These things are not, however, as cut and dried as you seem to think. And the US is in a much less formidable position to achieve a coup d'état in Ukraine than it was in other places. A number of EU members had much more leverage. No, no. I would not mind had the US done so, except I would no like the US so much involved, but this was a European job.
    I just PROVED to you that the US was involved, but......like I said, you go on believing what you wish.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by Montecresto View Post
    I just PROVED to you that the US was involved, but......like I said, you go on believing what you wish.
    That was an interesting standard of proof.

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by DA60 View Post
    'Aug 14 (Reuters) - President Vladimir Putin said on Thursday Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia's economy.

    "We should act carefully. At the moment we are trying to agree with some countries to trade in national currencies," Putin said during a visit to the Crimea region, which Moscow annexed from Ukraine earlier this year. (Reporting by Alexei Anishchuk; Writing by Dmitry Zhdannikov; Editing by Christian Lowe)'


    Putin says Russia should aim to sell energy in roubles | Reuters

    Russia is number two in exports of oil and the country that exports by far the most natural gas.

    So when they start talking about NOT trading these commodities in U.S. dollars...those that support the petrodollar should sit up and take notice, IMO.
    Putin says...

    talk is cheap.

    And Russia is losing the economic war. Let's keep up the pressure, keep the sanctions, until he decides that annexing the Ukraine isn't worth the cost, or until the Russians get fed up and replace this wannabe Stalin.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by joG View Post
    That was an interesting standard of proof.
    There's no better proof then Nuland/Pyatt plotting this on a leaked (by Russia, too funny) phone conversation that you apparently are scared to go listen to because it destroys your theory. Again though, as I said, believe what you wish, its not going to change things one way or the other.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Putin says Russia should aim to sell energy in roubles

    Quote Originally Posted by Montecresto View Post
    There's no better proof then Nuland/Pyatt plotting this on a leaked (by Russia, too funny) phone conversation that you apparently are scared to go listen to because it destroys your theory. Again though, as I said, believe what you wish, its not going to change things one way or the other.
    I think you really believe these things. Of course I know the tape. But the thing was already under way and in deterioration at that time. There was only crisis management left to do. What the tape does show, is the utter despair of the way the EU had handled it. It was as bad as Genscher in Yugoslavia.

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