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. #81
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    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.
    What military option could have been put in place? The American public may not support yet another war and this time a potentially hugely costly one. Iran was brought to the negotiating table not through military arm-twisting but through economic sanctions.

    Some believe Russia's 25-30% energy supply controls European economics but the reality is an economic dependence by Russia on keeping sales of gas going.

    Quote Originally Posted by Peter Grimm View Post
    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.
    Crimea was always going to be part of Russia but which Ukrainians would we have supported? The situation is not as clear cut as you suggest.

    How much training was possible also in the time before Russian troops went into Crimea?

  2. #82
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DaveFagan View Post
    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?
    Since you could not respond to one of what I pointed out were outright lies in your message, such as claiming that Russia had no debt, when it's $7 TRILLION - now just has you raging and running for cover. And you are who congratulated Putin for his promising to deport Tartar Muslims.

    But... this radical reaction of yours is when you admitted what your rage is all about. You claimed you are an "inventor with patents" but the evil corporate and banking world refuses to buy your gizmo - which you claim is a vast conspiracy against you. To which I asked a simple question: If what you posted is anything but a lie, what did you invent?"

    And you now are raging irrationally. I will continue to bring this up to example your rabid hatred of the USA and capitalism, regarding your claim of being an "inventor with patents." but corporations, bankers, the government and the IMF all conspire against people like you to deny your product "shelf space."


    What did you invent?

  3. #83
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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.
    Well, it's partly because the EU really needs Russia for oil/natural gas.
    "We have more responsibility than power, I think. The newspaper can create great controversies, stir up arguments within the community or discussion, can throw light on injustices....just as it can do the opposite. It can hide things and be a great power for evil." -- Rupert Murdoch, 1968

  4. #84
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DaveFagan View Post
    Just picked up a hitchhiker, with the same IQ as a bag of rocks, who had come from writing on outhouse walls with crap. Your comments would fit right in. Might be a job for you there, eh?.


    Top Energy Producers and Consumers | Infoplease.com Energy Producers and Consumers
    The United States produces the most energy in the world, but it also uses the most—though China, the world’s second-largest energy consumer, is biting at our heels. Here's a look at the world's top 10 energy consumers and producers.

    Producers
    In 2006, total world Btu production was 469 quadrillion Btus. "Btu" is the abbreviation for British thermal unit. One Btu is nearly equal to the amount of energy released when a wood match is burned.

    Country Btus produced*
    United States 71 quadrillion Btu
    China 67.7 quadrillion Btu
    Russia 53.3 quadrillion Btu
    Saudi Arabia 24.7 quadrillion Btu
    Canada 19.3 quadrillion Btu
    Iran 13.1 quadrillion Btu

    *“Btu” is the abbreviation for British thermal unit. One Btu is nearly equal to the amount of

    Read more: Top Energy Producers and Consumers | Infoplease.com Top Energy Producers and Consumers | Infoplease.com

    You said you were an inventor with patents, but there is a conspiracy to stop your products from shelf space. What did you invent?

    Russia does not export $1 trillion a year in natural gas and petroleum products.

  5. #85
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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*.
    Wrong as usual. I'll attach a link and a few quotes to attempt to clean your totally corrupt pool of misinformation, disinformation, illusion, dishonesty, and deceit. Try not to get any on ya'.

    Daily Pfennig: The Ghost of John Connally | Kitco Commentary
    "Earlier this week I told you about the rumor going around that someone's underground and, well, you know how that ends. But the rumor going around was that the new Shanghai Free Trade Zone was going to be moving to a convertible renminbi / yuan by this summer. Well, to follow that up, a dear reader sent me a note from Standard Chartered Bank, who says that "at least 40 Central Banks have invested in the yuan and several more are preparing to do so. The trend is occurring across both emerging markets and developed nation Central Banks diversifying into "other currencies" Perhaps most ominously, for king dollar, is the former IMF manager's warning that, "The yuan may become a de facto reserve currency before it's fully convertible".

    WOW! Now, I've always thought that to be a reserve currency the currency had to be fully liquid, and held by all central banks to facilitate the terms of trade. But, think about what this guy had to say here for a minute. As long as China has the currency swap agreements in place with all the nations that they trade with, and some they don't trade with, and those countries hold renminbi / yuan as a reserve currency to facilitate the terms of trade, then who needs full convertibility to be a reserve currency? Apparently not the renminbi / yuan.

    Do you remember when I first told you about the currency swap agreements that China was signing with countries that would remove the U.S. dollar from the terms of the transaction, and only used the currencies of the two countries making trade? I know that many people out in the world, not that many people read the Pfennig, but if anyone around the world had heard that China was signing currency swap agreements, they would have said, "who cares?" But not me! I saw then what China had up their sleeve. And I told you, dear reader, and anyone that would come to hear me talk at conferences, and now the Chinese plan is all coming together right before our very eyes."

    "Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar.

    Company head Alexander Dyukov said this week Gazprom Neft had broached the idea of dropping the dollar, traditionally the currency of choice for the global energy sector, in response to a possible new round of Western sanctions over Russia's annexation of Crimea.

    He said the company had discussed with buyers the possibility of switching contracts to euros and that 95 percent had said they were ready to do it. Gazprom Neft ships around 30,000 barrels per day of oil eastward.

    "Gazprom Neft has held discussions with its eastern partners about the possibility of completing settlements in the European currency. They, in turn, expressed their potential readiness for this," the oil arm of top Russian top natural gas producer Gazprom said in emailed comments on Thursday.

    Three buyers in Japan and China said they had been approached by Gazprom to settle oil payments in currencies other than the dollar. Two of the buyers said they were still considering the proposal, while the third said his company had bought crude using euros before and did not see it as a problem." -Reuters"

  6. #86
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by joko104 View Post
    You said you were an inventor with patents, but there is a conspiracy to stop your products from shelf space. What did you invent?

    Russia does not export $1 trillion a year in natural gas and petroleum products.
    I said no such thing. You said that. Apparently, when you think something, you believe it to be true. Brainwashed, hopeless, thoughtless, but well qualified to comment on latrine maintenance. My favorite invention is the joko104 screwdriver. It has a handle on both ends.

  7. #87
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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by 24107 View Post
    This standoff with Russia is going to be bad for the U.S. economy in the long run.
    And that's just the beginning. But at least we pulled down 120 something thousand jobs in March, right democrats?

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