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. #41
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by grip View Post
    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.



    Sanctions Against Russia Could Cause a Global Recession, Ukraine | New Republic

    Russia, China cloud brightening world economy
    The EU collectively gets roughly 10% of its gas from Russia. It has the ability to diversify its sources in a crunch and has innumerable avenues to do so. The West also has far, far, far deeper pockets than Moscow and can subsidize its way through a crisis. Russia would be far more severely affected. It would deal enormous damage to an already decrepit oil and gas industry and shut off an extremely vital source of cash while they worked to establish alternative markets.

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DA60 View Post
    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.
    Lol. I'm sorry this makes you so upset. But neither the EU, nor China, nor anyone else that matters is contemplating a grand strategy and series of measures to overturn the dollar as the global reserve currency. Sorry!

    PS: If you need a citation for that you've probably gone too far down the rabbit hole.

    Edit: Though this very brief exchange might serve as a useful primer for you: http://economix.blogs.nytimes.com/20...ype=blogs&_r=0

  3. #43
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by grip View Post
    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.



    Sanctions Against Russia Could Cause a Global Recession, Ukraine | New Republic

    Russia, China cloud brightening world economy
    If Russia commits economic suicide then yes, the world economy would suffer too. But the long term loser is Russia.

    A primary reason Russia took Crimea from Ukraine is the 10 trillion cubic feet of natural gas off Crimea's coast. If Crimea leased that out the loser would be Russia and it would end Euro dependency on Russia - and if that had happened Russia's economy would have been completely trashed.

  4. #44
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Sherman123 View Post
    The EU collectively gets roughly 10% of its gas from Russia. It has the ability to diversify its sources in a crunch and has innumerable avenues to do so. The West also has far, far, far deeper pockets than Moscow and can subsidize its way through a crisis. Russia would be far more severely affected. It would deal enormous damage to an already decrepit oil and gas industry and shut off an extremely vital source of cash while they worked to establish alternative markets.
    According to the article, "In 2010, more than 30 percent of the E.U.’s oil and natural gas came from Russia."

    Argue with the reporting of those articles, not me.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by joko104 View Post
    More lies. It was the Russian installed President that pilfered off billions and caused the internal chaos. When the Parliament VOTED to remove him as an emergency matter, the traitor fled to Russia to organization Russian takeover of Crimea.

    Your messages are dependent upon the most grotesque of lies. Russia is NOT in the black. Killing and deporting non-whites is not "justice," and I already posted the link and even started a thread on the massive volumes of natural gas, resources and agriculture Russia stolen in its military conquest of Crimea.

    Russia's debt: 7+ trillion

    Russia Debt Clock :: National Debt of Russia

    Post more lies in your fantasyland of a rebirth of Stain's empire.

    The USA could crush Russia economically if we had a half competent president.

    Post more of your praises of Putin's condemnations and laws against LGTBs and his promising to deport Tartar Muslims from Crimea on behalf of your goal of a pure white heterosexual run communist world.


    you were asked for a link to the alleged theft. Instead you prattle on with more imaginary bull**** and post a link to a blog about Russia's debt?

    Please, with unsubstantiated garbage like that, persist in the asinine practice of claiming everyone else is lying,.....

    We know who's lying, it's obvious.
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  6. #46
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by joko104 View Post
    If Russia commits economic suicide then yes, the world economy would suffer too. But the long term loser is Russia.

    A primary reason Russia took Crimea from Ukraine is the 10 trillion cubic feet of natural gas off Crimea's coast. If Crimea leased that out the loser would be Russia and it would end Euro dependency on Russia - and if that had happened Russia's economy would have been completely trashed.
    The Russian people are used to living on less and would probably survive. Plus they're kind of crazy. I wouldn't play chicken with them too much.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DaveFagan View Post
    You really struck a nerve here. 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.

    OK, now it makes sense. You came up with some gizmo and thought you'd make a gzillion dollars. But no one wanted whatever it is and therefore there must be some vast corporate-banking-US government conspiracy against you - for which you hate America and everything about it - and think you could make a deal with Putin.

    But tell us, if there is a stick of truth to it, want did you invent and patent? Since you patented it you can go ahead and tell us.

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Sherman123 View Post
    The EU collectively gets roughly 10% of its gas from Russia. It has the ability to diversify its sources in a crunch and has innumerable avenues to do so. The West also has far, far, far deeper pockets than Moscow and can subsidize its way through a crisis. Russia would be far more severely affected. It would deal enormous damage to an already decrepit oil and gas industry and shut off an extremely vital source of cash while they worked to establish alternative markets.
    Do you just make these figures up?

    'In 2007, 38.7% of the European Union's natural gas total imports and 24.3% of consumed natural gas originated from Russia.'

    Russia in the European energy sector - Wikipedia, the free encyclopedia

    Russia: a key natural gas supplier | Gas In Focus

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Sherman123 View Post
    The EU collectively gets roughly 10% of its gas from Russia. It has the ability to diversify its sources in a crunch and has innumerable avenues to do so. The West also has far, far, far deeper pockets than Moscow and can subsidize its way through a crisis. Russia would be far more severely affected. It would deal enormous damage to an already decrepit oil and gas industry and shut off an extremely vital source of cash while they worked to establish alternative markets.
    You are going to have to supply a credible link to that.

    First, I have never seen the 10% figure anywhere, while most reports have the oil and gas trade at 30%.

    further, I doubt "the west" has deeper pockets, the EU is a large economy, but I seem to recall some banking and debt issues, and the US economy is anything but hale. At $18 trillion and growing, the issue of comparative debt is kind of moot.

    These issues are what is termed "trade inconvenience", petty stuff, which the US LOVES.

    In the grand scheme of things, Russia had had a peace time economy and a growing one since the 90's, while the US has been involved in endless and costly wars, the opposite of the last cold war.....

    I would say the advantage is Russia's
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

  10. #50
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by grip View Post
    The Russian people are used to living on less and would probably survive. Plus they're kind of crazy. I wouldn't play chicken with them too much.
    It is accurate that most country's citizens can withstand more economic shock - since they are basically in constant personal economics desperation anyway.

    What was learned in the breakup of the USSR is that they were far, far more afraid of us than we were of them. A foreign policy cannot be based upon fear that the other side will totally destroy itself just to try to get to you. The FEAR of nuclear attack by Russia is a WORTHLESS fear. They no more want to die than anyone else. Foreign policy is a combination of playing chicken and poker. The fact is the USA holds an overwhelming superior hand and has no reason to fold.

    Russia seizing Crimea increased their long term extortion of Europe via seizing Crimea's offshore natural gas. This also affects us too. Those who claim Russia seizing Crimea has no significance to us are wrong.

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