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. #51
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Sherman123 View Post
    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
    Hey, I tried to give you advice. You don't want to take it...go ahead.

    Now, if you will excuse me, I have better things to do then waste my time 'debating' with someone who spouts off inaccurate statements and matter-of-fact points with zero unbiased, factual proof to back them up.

    Just another nameless poster who thinks he knows-it-all and almost never backs anything they say up with links to unbiased proof.



    We are done on this for now...until I get bored again.


    Good day.
    Last edited by DA60; 04-09-14 at 04:41 PM.

  2. #52
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by joko104 View Post
    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.
    It has significance but possibly more for them than us. They may fear us more, which makes them doubly dangerous. A fearful person is more likely to kill you than an angry one.

    We can put our foot down, without turning it to an all out challenge. Strategic geopolitics is more than military and economic positioning, but also global allies and long term trade ramifications.
    Einstein, "science without religion is lame, religion without science is blind."

  3. #53
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by grip View Post
    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.
    My fault I misspoke, I meant 10% of it's energy needs (give or take) point being much lower than presented. There are very few (if any I'd have to check) any major HFO plants in Europe, and the electricity load is far more dependent on coal and nuclear than it is on natural gas. Factoring in total energy consumption for the EU and natural gas clocks in at about 23-25% of which about 24-31% comes from Russia. People don't make enough of an effort to distinguish between gas and energy consumption, gas is just one of several loads in use.

    U.S. Energy Information Administration (EIA)

  4. #54
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DA60 View Post
    Hey, I tried to give you advice. You don't want to take it...go ahead.

    Now, if you will excuse me, I have better things to do then waste my time 'debating' with someone who spouts off inaccurate statements and matter-of-fact points with zero unbiased, factual proof to back them up.

    Just another nameless poster who thinks he knows-it-all and almost never backs anything they say up with links to unbiased proof.



    We are done on this for now...until I get bored again.


    Good day.
    I'm sorry you have so much emotionally invested in this being true. =/

  5. #55
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Fearandloathing View Post
    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
    They have infinitely deeper pockets precisely because they have the capacity to borrow more. Dollar hegemony ftw. Russia on the other hand has 25% of it's GDP staked on exporting oil and gas to Europe.

  6. #56
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Sherman123 View Post
    They have infinitely deeper pockets precisely because they have the capacity to borrow more. Dollar hegemony ftw. Russia on the other hand has 25% of it's GDP staked on exporting oil and gas to Europe.
    Link?

    So far you're giving us speculation.....
    ""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

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Fearandloathing View Post
    Link?

    So far you're giving us speculation.....
    Are you serious? I need a link to show that Western countries have greater borrowing capacity? Or that the dollar as a reserve currency is one factor that abets this? Good grief.

  8. #58
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by joko104 View Post
    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.
    Regrettably, the rascist, often ignorant nature of your many posts do not approach the bounds of common courtesy, ergo I reccommend that you hold your hand over your butthole while I contemplate a reply, or not, eh?

  9. #59
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by grip View Post
    It has significance but possibly more for them than us. They may fear us more, which makes them doubly dangerous. A fearful person is more likely to kill you than an angry one.

    We can put our foot down, without turning it to an all out challenge. Strategic geopolitics is more than military and economic positioning, but also global allies and long term trade ramifications.
    Again, Russia has no first strike strategy and only retaliatory tactics. They were continually afraid they would do something that would cause the USA to panic and strike first. So they always backed down. Foreign policy can not be built around fear of nuclear holocaust between major nuclear powers as that isn't an option any have - Russia knows that as well as we do.

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    Re: Russia Announces Decoupling Trade From Dollar

    Intelligenced Squared US took on the issue of the significance of Russia a few weeks ago. Pretty interesting debate. You can listen here: Russia Is A Marginal Power – IQ2 Debates
    "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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