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Thread: China, Russia quit dollar

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    Re: China, Russia quit dollar

    two countries as powerful as china and russia, the dwindling value of the us dollar its suprising that they were still using it in international trade by now anyway

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    Re: China, Russia quit dollar

    Quote Originally Posted by Middleground View Post
    You must be Loonie.
    Nah, they use wooden nickels.

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    Re: China, Russia quit dollar

    Quote Originally Posted by Badfish420 View Post
    two countries as powerful as china and russia, the dwindling value of the us dollar its suprising that they were still using it in international trade by now anyway
    And whose currency is "valuable" by chance?

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    Re: China, Russia quit dollar

    Quote Originally Posted by Jetboogieman View Post
    Quite possibly the world according to J-Mac.

    The world according to Scandanavians.



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    Re: China, Russia quit dollar

    Quote Originally Posted by j-mac View Post
    And some believe that the cold war ended....Silly people.


    j-mac
    Of course the "cold war" never ended. We certainly did not stop trying to encircle and weaken Russia. The balance of power just shifted even more in our favor than it already had. However, here China is just doing what it has been doing for a while and that is diversifying. Any good investment manager will tell you that you need to diversify. As for Russia, well yeah that is a power-play.
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    Re: China, Russia quit dollar

    Quote Originally Posted by j-mac View Post
    And some believe that the cold war ended....Silly people.


    j-mac
    This has nothing to do with the Cold War or communism or anti-American sentiment, or any other little conspiracy theories you've brewed up. This is just intelligent fiscal policy -- the US has been on the decline for a decade now, and the economic crisis has just proven to the world that times change. The US dollar is destined for severe power loss, perhaps even collapse -- and it's been declining for a long while now.

    Don't be so Amero-centric as to think it has anything to do with snobbing the States -- this is just Russia and China looking to pursue their own best interests.

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    Re: China, Russia quit dollar

    Quote Originally Posted by j-mac View Post
    And some believe that the cold war ended....Silly people.


    j-mac
    This has nothing to do with the Cold War, but everything to do with our politicians created policies which wrecked the dollar. Did you really think for a minute that other nations would stand by, and allow us to pay back our huge debt with depreciated dollars? In their eyes, that is equivalent to theft. No wonder they are now migrating to other currencies. The dollar is worth much less than other currencies. It's just plain good business sense, which we seem to have left by the side of the road.
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    Re: China, Russia quit dollar

    Quote Originally Posted by Harshaw View Post
    Just curious.

    Why are the people who are quick to say the the world resents the United States also quick to dismiss that any part of the world might be trying to act against the United States?
    I'd imagine it would be because: trying to clump all the actions of the world into such a simple formula is ridiculous, as in if I think some parts of the world resent the US than I must also think whatever they do is an act against the US.

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    Re: China, Russia quit dollar

    Quote Originally Posted by j-mac View Post
    No, it really isn't separate when you consider that these moves are designed, or at least a side benefit of them is to weaken the dollar.

    j-mac
    And with our Commander in Weak, nothing will be done to challenge them.

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    Re: China, Russia quit dollar

    Quote Originally Posted by Le Marteau View Post
    This has nothing to do with the Cold War or communism or anti-American sentiment, or any other little conspiracy theories you've brewed up. This is just intelligent fiscal policy -- the US has been on the decline for a decade now, and the economic crisis has just proven to the world that times change. The US dollar is destined for severe power loss, perhaps even collapse -- and it's been declining for a long while now.

    Don't be so Amero-centric as to think it has anything to do with snobbing the States -- this is just Russia and China looking to pursue their own best interests.
    Wonder what happens if we started cutting into the trade deficit we have with these two countries?

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