View Poll Results: Will the Russian deCoupling from the Petrodollar hurt the US economy?

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    14 45.16%
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Thread: Russia Announces Decoupling Trade From Dollar

  1. #31
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DaveFagan View Post
    The US Dollar was down yesterday and today.
    The dollar edged down only slightly as world stock markets rose because the appetite for risk increased a bit/World economic scenario improved slightly.
    If the dollar was going to crash on this story, the Dow would have been down Thousands of points not up a total of 200 yesterday and today. (+136 so far today)

    Your posts, especially the wacky polls, are always Jokes.

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Sherman123 View Post
    Saying the OP doesn't 'not constitute proof' is mealy mouthed way of avoiding saying: It hasn't happened. At all. Also no it really wouldn't. It wouldn't threaten the dollar as the global reserve currency, it would be highly impractical for Russia, and far more damaging to them than to us. I once again *Yawn*.
    And your links to unbiased, factual proof of what you are saying is...? All I have seen from you is a lot of matter-of-fact talk from some faceless nobody on a chat forum with ZERO proof to back it up.

    At least I had the good sense to say 'IMO'.
    Last edited by DA60; 04-09-14 at 04:12 PM.

  3. #33
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by joko104 View Post
    The USA could shatter Russia's economy, but we have a president and advisors who haven't a clue what to do and are afraid to try.
    Russia's economy is already shattered. Its a highly corrupt nation on a long term decline that attracts little investment due to its corruption.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Russia Announces Decoupling Trade From Dollar

    Aren't we lucky we elected such an EXPERIENCED and capable president to lead us through these perilous times?

    I'm sure Obama's response will be swift, decisive, and effective. Lol, I almost said all that with a straight face. We're screwed until 2016.

  5. #35
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    Re: Russia Announces Decoupling Trade From Dollar

    This thread should be in the conspiracy forum.

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Sherman123 View Post
    Uhh... That is like... the most gigantic of undertakings. No one is contemplating that at present. Even at the height of discontent over the dollar as the global reserve currency in the 2000's it was just a thought passed around. In the current economic climate no one is seriously talking about it. We can stop that train of thinking pretty much right there to be frank.


    Interesting. So 'no one is contemplating' it?

    So, then I guess you have found a way to know the thoughts of every human being on the planet...because if you haven't, then you have NO WAY of being able to back up your statement.

    Advice, if you want to be taken seriously, you should not presuppose to factually speak for everyone on the planet.

  7. #37
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DA60 View Post


    Interesting. So 'no one is contemplating' it?

    So, then I guess you have found a way to know the thoughts of every human being on the planet...because if you haven't, then you have NO WAY of being able to back up your statement.

    Advice, if you want to be taken seriously, you should not presuppose to factually speak for everyone on the planet.
    Yeah... anyways. If we really have to do this I'll graciously rephrase: No one who matters is seriously considering it. What happens on the pages of Voice of Russia, Zero Hedge Fund, or the much vaunted Center for Globalization Research is another matter. At present virtually everyone has a vested interest in trading in dollars and ensuring it remains a valued currency. Including Russia.

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    Re: Russia Announces Decoupling Trade From Dollar

    According to some articles on the subject, it depends on how far it goes. If Russia gets cut off from the E.U., they could respond by cutting off gas and oil exports.

    That makes European sanctions against the Kremlin a double-edged sword. The E.U. could cut Russia off from European financial markets or prohibit European firms from doing business in Russia, but Putin could respond by cutting off natural gas and oil exports to the E.U. This would entail mutually assured economic destruction. The resulting energy shortage would likely send the E.U. into a recession. The same would happen in Russia, where firms would lose access to the liquid foreign financial markets and the Kremlin would find a major hole in its budget.

    “If it escalates along the lines you suggest, it will lead to a global recession with a particularly strong negative effect on Europe at the wrong time,” said Michael Spence, a fellow at the Council on Foreign Relations.

    As for the United States, the outlook is bleak as well. The U.S. is not reliant upon Russia for energy resources, but the price of oil is set in the global market. If Europe faces an energy shortage, the price of crude oil could spike and create an economic crisis here as well.

    “The worst case scenario could be very dark—surging energy prices, crumbling stock prices, and much weaker trade and foreign direct investment,” Mark Zandi, chief economist at Moody’s Analytics, said in an email. “The timing is bad given that the U.S. economy appears set to finally kick into a higher gear. In this scenario, the U.S. economy would at best remain in stuck in the slow growth environment that has prevailed since the recovery began.”

    If the United States unilaterally imposed severe economic sanctions on Russian firms, the economic effects would be much smaller. Trade between Washington and Moscow totaled less than $40 billion in 2013—a rounding error compared to the U.S.’s $5 trillion in trade worldwide. Some U.S. companies like Coke, Pepsi and Exxon would take a hit, but even retaliatory sanctions from Russia would only have a small effect.
    Sanctions Against Russia Could Cause a Global Recession, Ukraine | New Republic

    Russia, China cloud brightening world economy
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  9. #39
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DaveFagan View Post
    You really struck a nerve here. I am an inventor and a patent holder. The system seems fair but if one managed a breakthrough energy invention, the Corporate status quo will tie you up until your patent expires. The system has been gamed by Big Old Money and most citizens don't know. You can't get shelf space (markets) without dealing with the status quo and it can become a double edged trap. As for deCoupling from the dollar, Russia would do enough small steps to make the threat real and then offer to stop in return for some prid pro quo. The citizens wouldn't be informed because they might suddenly realize the fragility of their economy.

    Cool. I might hit you up one day on how to get something patented. Its all seems so confusing.


    I'm all for big corporations playing a role, even a big role. I just realized not everyone but a lot of people will do just about anything that's in their advantage if they can "get away with it." To heck with doing what right unless they have to by law and even then...
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Sherman123 View Post
    Yeah... anyways. If we really have to do this I'll graciously rephrase: No one who matters is seriously considering it. What happens on the pages of Voice of Russia, Zero Hedge Fund, or the much vaunted Center for Globalization Research is another matter. At present virtually everyone has a vested interest in trading in dollars and ensuring it remains a valued currency. Including Russia.
    Again, you have no way of knowing what anyone 'who matters is seriously considering'.

    Hey, it's no skin off of my nose if you want to make completely unprovable statements...knock yourself out. Just don't be surprised if some don't take your views seriously as a result.


    The fact is neither you nor I has ANY way to know what ALL those who 'matter' are contemplating.

    My point is that, IMO, to infer that America has nothing to worry about (hence your yawn) in this regard is naive.

    You disagree...I don't much care. Especially if you have ZERO unbiased, factual proof to back it up.

    Get some and I might.


    Good day.

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