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

Voters
31. You may not vote on this poll
  • YES!

    14 45.16%
  • NO!

    17 54.84%
Page 8 of 9 FirstFirst ... 6789 LastLast
Results 71 to 80 of 87

Thread: Russia Announces Decoupling Trade From Dollar

  1. #71
    Sage
    Infinite Chaos's Avatar
    Join Date
    Oct 2007
    Last Seen
    11-19-17 @ 06:45 PM
    Lean
    Undisclosed
    Posts
    14,858

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Peter Grimm View Post
    This is really Germany's struggle, moreso than the United State's. Really, we're taking a hit for coming to Europe's aid, so it ought to be a foregone conclusion that Germany will not stab us in the back by making a deal with the Russians.
    I'm struggling to understand how this relates to what a more decisive American President would do?

    Or did you mean the decisive action being that he/she would ask Germany to deal with Russia?

  2. #72
    Sage
    Unitedwestand13's Avatar
    Join Date
    Jan 2013
    Location
    Sunnyvale California
    Last Seen
    Yesterday @ 11:02 PM
    Gender
    Lean
    Liberal
    Posts
    14,992

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Peter Grimm View Post
    Ukraine would have fought to keep Crimea if needed, Russia would not have tested us if we had shown strength rather than weakness to begin with.
    and if we had engaged in a conflict without the strength to back up our tough talk we would end up getting burned.

    and are you willing to engage in a bloody conflict?
    "If you can't stand the way this place is, Take yourself to higher places!"
    Break, By Three days grace

    Hilliary Clinton/Tim Kaine 2016

  3. #73
    Sage

    Join Date
    Jul 2013
    Last Seen
    Today @ 11:11 AM
    Lean
    Independent
    Posts
    43,418

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DaveFagan View Post
    Russia Announces Decoupling Trade From Dollar

    Russia Announces Decoupling Trade From Dollar China will re-open the old Silk Road as a new trading route linking Germany, Russia and China

    By Peter Koenig

    April 08, 2014 "ICH" - Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners – no longer in dollars – see Voice of Russia

    Russia’s trade in hydrocarbons amounts to about a trillion dollars per year. Other countries, especially the BRICS and BRCIS-associates (BRICSA) may soon follow suit and join forces with Russia, abandoning the ‘petro-dollar’ as trading unit for oil and gas. This could amount to tens of trillions in loss for demand of petro-dollars per year (US GDP about 17 trillion dollars – December 2013) – leaving an important dent in the US economy would be an understatement.
    Added to this is the declaration today by Russia’s Press TV – China will re-open the old Silk Road as a new trading route linking Germany, Russia and China, allowing to connect and develop new markets along the road, especially in Central Asia, where this new project will bring economic and political stability, and in Western China provinces,where “New Areas” of development will be created. The first one will be the Lanzhou New Area in China’s Northwestern Gansu Province, one of China’s poorest regions.
    “During his visit to Duisburg, Chinese President Xi Jinping made a master stroke of economic diplomacy that runs directly counter to the Washington neo-conservative faction’s effort to bring a new confrontation between NATO and Russia.” (press TV, April 6, 2014)
    “Using the role of Duisburg as the world’s largest inland harbor, an historic transportation hub of Europe and of Germany’s Ruhr steel industry center, he proposed that Germany and China cooperate on building a new “economic Silk Road” linking China and Europe. The implications for economic growth across Eurasia are staggering.”
    Curiously, western media have so far been oblivious to both events. It seems like a desire to extending the falsehood of our western illusion and arrogance – as long as the silence will bear.
    Germany, the economic driver of Europe – the world’s fourth largest economy (US$ 3.6 trillion GDP) – on the western end of the new trading axis, will be like a giant magnet, attracting other European trading partners of Germany’s to the New Silk Road. What looks like a future gain for Russia and China, also bringing about security and stability, would be a lethal loss for Washington.
    In addition, the BRICS are preparing to launch a new currency – composed by a basket of their local currencies – to be used for international trading, as well as for a new reserve currency, replacing the rather worthless debt ridden dollar – a welcome feat for the world.
    Along with the new BRICS(A) currency will come a new international payment settlement system, replacing the SWIFT and IBAN exchanges, thereby breaking the hegemony of the infamous privately owned currency and gold manipulator, the Bank for International Settlement (BIS) in Basle, Switzerland – also called the central bank of all central banks.
    To be sure – the BIS is a privately owned for profit institution, was created in the early 1930’s, in the midst of the big economic melt-down of the 20th Century. The BIS was formed precisely for that purpose – to control the world’s monetary system, along with the also privately owned FED and the Wall Street Banksters – the epitome of private unregulated ownership.
    The BIS is known to hold at least half a dozen secret meetings per year, attended by the world’s elite, deciding the fate of countries and entire populations. Their demise would be another welcome new development.
    As the new trading road and monetary system will take hold, other countries and nations, so far in the claws of US dependence, will flock to the ‘new system’, gradually isolating Washington’s military industrial economy (sic) and its NATO killing machine.
    This Economic Sea Change may bring the empire to its knees, without spilling a drop of blood. An area of new hope for justice and more equality, a rebirth of sovereign states, may dawn and turn the spiral of darkness into a spiral of light.
    Peter Koenig is an economist and former World Bank staff. He worked extensively around the world in the fields of environment and water resources.

    Will this affect the US Dollar?

    Did we give Russia any choice?

    Has the Ukraine interfernece been a huge mistake?

    Do you understand that Petrodollars creates an artificial demand for US Dollars?

    Do you realize that Saudi Arabian collusion supports Petrodollars?

    Does this bode ill for the US Economy?
    It will decrease the transaction volumes in dollars marginally, but that has been happening for some time. The sanctions and the continuous conflicts are bad for everyone, but reducing American costs for international security will help the usa initially. If the reduced US activity leads to a multi polar architecture of security that would be dangerous for everyone.

  4. #74
    Banned
    Join Date
    Dec 2011
    Location
    The anals of history
    Last Seen
    07-25-15 @ 02:05 PM
    Gender
    Lean
    Progressive
    Posts
    10,348

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Unitedwestand13 View Post
    and if we had engaged in a conflict without the strength to back up our tough talk we would end up getting burned.

    and are you willing to engage in a bloody conflict?
    A proxy war? Sure. Ever hear of the time the Afghans beat the Soviets? That's kind of what I have in mind.

  5. #75
    Sage
    Unitedwestand13's Avatar
    Join Date
    Jan 2013
    Location
    Sunnyvale California
    Last Seen
    Yesterday @ 11:02 PM
    Gender
    Lean
    Liberal
    Posts
    14,992

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Peter Grimm View Post
    A proxy war? Sure. Ever hear of the time the Afghans beat the Soviets? That's kind of what I have in mind.
    i think we have had too many unesscery wars this decade.

    and our involvement in afghanistan came back to haunt us on 9/11.
    "If you can't stand the way this place is, Take yourself to higher places!"
    Break, By Three days grace

    Hilliary Clinton/Tim Kaine 2016

  6. #76
    Banned
    Join Date
    Dec 2011
    Location
    The anals of history
    Last Seen
    07-25-15 @ 02:05 PM
    Gender
    Lean
    Progressive
    Posts
    10,348

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Infinite Chaos View Post
    I'm struggling to understand how this relates to what a more decisive American President would do?

    Or did you mean the decisive action being that he/she would ask Germany to deal with Russia?
    The decisive action would be to not take the military option off the table before you're done negotiating. Obama is an amateur who shows his hand at the negotiating table.

    They should have sent troops to Kiev to show support for the Ukrainians, and to train them. Had we done this, the Russians would not have tested us, they would not have annexed Crimea. Then we would have been able to start negotiations from a position of strength rather than weakness.

    But Obama is a feeble and weak president, worse than Jimmy Carter. His actions/inactions and passiveness come as no big shock.

  7. #77
    Banned
    Join Date
    Dec 2011
    Location
    The anals of history
    Last Seen
    07-25-15 @ 02:05 PM
    Gender
    Lean
    Progressive
    Posts
    10,348

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Unitedwestand13 View Post
    i think we have had too many unesscery wars this decade.

    and our involvement in afghanistan came back to haunt us on 9/11.
    Well then you're a chicken, and chickens never sit atop the roost. If everyone thought like you, America would be just another mediocre country.

  8. #78
    Sage
    Unitedwestand13's Avatar
    Join Date
    Jan 2013
    Location
    Sunnyvale California
    Last Seen
    Yesterday @ 11:02 PM
    Gender
    Lean
    Liberal
    Posts
    14,992

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Peter Grimm View Post
    The decisive action would be to not take the military option off the table before you're done negotiating. Obama is an amateur who shows his hand at the negotiating table.

    They should have sent troops to Kiev to show support for the Ukrainians, and to train them. Had we done this, the Russians would not have tested us, they would not have annexed Crimea. Then we would have been able to start negotiations from a position of strength rather than weakness.

    But Obama is a feeble and weak president, worse than Jimmy Carter. His actions/inactions and passiveness come as no big shock.
    and what if the military option would end in Armageddon?

    and what troops? the ones from afghanistan? the ones from Iraq?
    "If you can't stand the way this place is, Take yourself to higher places!"
    Break, By Three days grace

    Hilliary Clinton/Tim Kaine 2016

  9. #79
    Sage
    Unitedwestand13's Avatar
    Join Date
    Jan 2013
    Location
    Sunnyvale California
    Last Seen
    Yesterday @ 11:02 PM
    Gender
    Lean
    Liberal
    Posts
    14,992

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Peter Grimm View Post
    Well then you're a chicken, and chickens never sit atop the roost. If everyone thought like you, America would be just another mediocre country.
    and if everyone thought like you we would have been humiliated in a conflict we were not prepared for and would have been destroyed due to our impulsive behavior.
    "If you can't stand the way this place is, Take yourself to higher places!"
    Break, By Three days grace

    Hilliary Clinton/Tim Kaine 2016

  10. #80
    Banned
    Join Date
    Dec 2011
    Location
    The anals of history
    Last Seen
    07-25-15 @ 02:05 PM
    Gender
    Lean
    Progressive
    Posts
    10,348

    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by Unitedwestand13 View Post
    and if everyone thought like you we would have been humiliated in a conflict we were not prepared for and would have been destroyed due to our impulsive behavior.
    We have the best military on the planet. Even with Obama firing half the top brass and cutting the budget like the pacifist treehugger he is.

Page 8 of 9 FirstFirst ... 6789 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •