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Thread: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by GreatNews2night View Post
    Right. In my opinion, what we should have said to Putin from the beginning is:

    "Buddy, Ukraine is your backyard. Your problem. A basket case. A mess. Ethnic strife, neo-Nazis, rotten economy... The Pottery Barn rule: you break it, you own it. Good riddance. The West has nothing to gain from Ukraine. You want to annex it, be my guest. You may regret it later because it is no good; you'll be inheriting a bunch of problems, massive unemployment, failed state. I mean, you still want to invade, annex? Do as you please in your own backyard. Don't mess with NATO territory, though; that's a line you can't cross; on the other hand, we should probably stop expanding eastward. Let's be nice to each other, keep the status quo, continue to trade and prosper."

    Period.

    Why in the hell are we risking the status of the petrodollar over Ukraine???? We have much bigger fish to fry than Ukraine. We shouldn't have engaged in any sanctions against Russia. We should have treated this from the beginning as a regional conflict that is not our problem.

    What is wrong with our administration? It's a very confused approach to foreign policy.

    Let's just leave Russia alone.

    There's been no more detrimental move in terms of geopolitical equilibrium, than NATO's eastward expansion. It helps some businessmen who have trade interests in Eastern Europe (which is why it was done). It screws everybody else, and destabilizes Europe.
    I agree somewhat with the whole post but especially with the highlighted part.


    Personally, I think the government has gotten 'Sanction fever'. They just cannot get enough of it as they see it as a no lose way of getting a message across.

    But Russia is not Cuba or Iran.

    They are the 2'nd largest exporter of oil and the largest exporter of natural gas in the world. Plus, America is not the all-powerful economy it used to be.

    Also the petrodollar (and the greenback's reserve currency status) are INCREDIBLY important to the U.S. government/Fed. Lose those and the ability of the gov't./Fed to just 'print' their problems away gets MUCH more problematic.
    The government should not, IMO, take this status for granted.

    And next to Saudi Arabia and possibly China, no single country in the world has the ability to hurt the petrodollar more then Russia.

    This is a game of chicken the Administration is playing that they probably won't lose...but they could get a lot more injured then they seem to be acting.
    Last edited by DA60; 08-29-14 at 08:34 AM.

  2. #22
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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by GreatNews2night View Post
    1-day movement is not indicative of mid-term and long-term.




    Do you have any other brilliant comments?

    We are waiting for for your sage advice.

    I might have said: "Yawn", but it's already been said.

    "If you watch where you're walking, you might not step in a hole."
    Last edited by shrubnose; 08-29-14 at 08:35 AM.

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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by shrubnose View Post
    Do you have any other brilliant comments?

    We are waiting for for your sage advice.

    I might have said: "Yawn", but it's already been said.

    "If you watch where you're walking, you might not step in a hole."
    Come on now...your original comment was nothing amazing either.

    The dollar is up today?

    He merely stated a fact in reply to your post.

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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by DA60 View Post
    Come on now...your original comment was nothing amazing either.

    The dollar is up today?

    He merely stated a fact in reply to your post.


    I noticed that and I also noticed a long time ago that's what's high today may be low tomorrow.

    But I never thought that was earth-shaking news.

    Some people spend a big part of their life wasting other people's time with BS.

    But life goes on and the world doesn't stop turning.

    Did you ever notice that?
    Last edited by shrubnose; 08-29-14 at 08:52 AM.

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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by shrubnose View Post
    I noticed that and I also noticed a long time ago that's what's high today may be low tomorrow.

    But I never thought that was earth-shaking news.

    Some people spend a big part of their life wasting other people's time with BS.

    But life goes on and the world doesn't stop turning.

    Did you ever notice that?
    I hear ya shrub, and you have a point that no one need panic. But the blossoming Chinese/Russian partnership can't be ignored, and the topic of this op is but one aspect of it.

    Cooperation with China is extremely important to Russia's international interests. China shares Russia's vision of a future multipolar world structure. In practical terms, that means both countries would like to see a world that is not dominated by only a single power, but one marked by cooperation between several centers of influence and guided by international law and the charter of the United Nations. Behind the ideal of a multipolar world an obvious reality lies hidden: Russia and China, as well as several other states, are large enough to have their own interests and their own approaches to the issues of regional and global development. They are not satisfied with a world order completely dominated by a single major power that does not take their interests into account. However, they are fully content with the post-World War II world structure with its system of international law in which the U.N. Security Council is the highest authority. Their status as permanent members of the Security Council places them on equal standing with the United States – a state that in every other respect is more powerful therefore naturally trying to alter the system that is fettering its possibilities.


    Read more here.

    http://www.foreignaffairs.com/articl...anced-triangle


    And a multipolar world is better than a unipolar world, even if the unipolar power is the US.
    Last edited by Montecresto; 08-29-14 at 01:09 PM.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by Montecresto View Post
    I hear ya shrub, and you have a point that no one need panic.
    But the blossoming Chinese/Russian partnership can't be ignored, and the topic of this op is but one aspect of it.

    Cooperation with China is extremely important to Russia's international interests. China shares Russia's vision of a future multipolar world structure. In practical terms, that means both countries would like to see a world that is not dominated by only a single power, but one marked by cooperation between several centers of influence and guided by international law and the charter of the United Nations. Behind the ideal of a multipolar world an obvious reality lies hidden: Russia and China, as well as several other states, are large enough to have their own interests and their own approaches to the issues of regional and global development. They are not satisfied with a world order completely dominated by a single major power that does not take their interests into account. However, they are fully content with the post-World War II world structure with its system of international law in which the U.N. Security Council is the highest authority. Their status as permanent members of the Security Council places them on equal standing with the United States a state that in every other respect is more powerful therefore naturally trying to alter the system that is fettering its possibilities.


    Read more here.

    The Unbalanced Triangle | Foreign Affairs


    And a multipolar world is better than a unipolar world, even if the unipolar power is the US.


    I just checked and today the U.S. Dollar is up again and continuing to go up.

    Will it go down eventually? Probably, but right now it's going up.

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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by shrubnose View Post
    I just checked and today the U.S. Dollar is up again and continuing to go up.

    Will it go down eventually? Probably, but right now it's going up.
    I haven't disputed that. The dollar goes up and down to be sure. But are you using that to dismiss the notion that a growing Russian/Chinese partnership could be problematic for the West? The link I gave is from the Council on Foreign Relations. The Pentagons report to congress, addresses their perspective on the growing threat as well.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by Montecresto View Post
    I haven't disputed that. The dollar goes up and down to be sure.
    But are you using that to dismiss the notion that a growing Russian/Chinese partnership could be problematic for the West?
    The link I gave is from the Council on Foreign Relations. The Pentagons report to congress, addresses their perspective on the growing threat as well.


    Russia and China have both been problems for the USA for a long time.

    I don't expect those problems to end anytime soon.

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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by GreatNews2night View Post
    Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble - National Finance Examiner | Examiner.com

    From examiner.com:



    No idea if examiner.com is a reputable source. I didn't find this in any other news organization so far (haven't looked very hard, though).

    What is people's opinion on this? Accurate? Really significant problem, or would the US economy absorb the hit more gradually and adapt?
    Examiner is a collection of people who write opinions, and get people to click on their article links for revenue.

    Not credible, and similar to a blog.
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    Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    Quote Originally Posted by shrubnose View Post
    Russia and China have both been problems for the USA for a long time.

    I don't expect those problems to end anytime soon.
    Russia and China are drawing closer together then they've been in a very long time. That makes those "problems" potentially worse.
    Killing one person is murder, killing 100,000 is foreign policy

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