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

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Thread: Russia Announces Decoupling Trade From Dollar

  1. #1
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    Russia Announces Decoupling Trade From Dollar

    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?

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    Re: Russia Announces Decoupling Trade From Dollar

    This standoff with Russia is going to be bad for the U.S. economy in the long run.

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    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?
    Russia stealing 10 trillion cubic feet of natural gas from Ukraine was a huge prize for them to take - plus all of the rest of Ukraine's resources in Crimea.

    But not of that matters. The only thing that matters is that we don't use Alaska's oil - maybe let Russia take it too.

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    Re: Russia Announces Decoupling Trade From Dollar

    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.

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    Re: Russia Announces Decoupling Trade From Dollar

    The OP's article is basically a socialist's publication and there is little reason to believe it. Russia does not have a trillion dollars in petro/gas sales.

    The USA should accept Putin's challenge and run Russia into a 3rd world economy.

    I'm getting tired of the OPer flooding the forum with his rabid hatred of the United States and his love of Putin and communism.

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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.
    If it effects the US negetively, then it will also effect the Russian economy. No economy exists in a bubble. Just as the old defense spending between the US and USSR created large deficits in the US, it was credited with bankrupting the USSR.


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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by joko104 View Post
    Russia stealing 10 trillion cubic feet of natural gas from Ukraine was a huge prize for them to take - plus all of the rest of Ukraine's resources in Crimea.

    But not of that matters. The only thing that matters is that we don't use Alaska's oil - maybe let Russia take it too.
    Where's the link documenting this 10 trillion cubic feet theft. The truth is that Russia was helping Ukraine by selling Ukraine Russian gas well below World Market Prices ($268mcf). Ukraine used much of the gas domestically and re-sold the rest to the EU (Europe) at World Market prices ($500mcf) turning a very nice profit to Ukraine, and essentially a gift from Russia. Ukraine didn't pay for the gas and is $2.2 billion behind and Russia has now begun charging Ukraine World Market prices ($500mcf) for this gas. Russia is one of the World's largest exporters of Hydrocarbon fuels, oil and gas. Get your brain in gear before attacking your keyboard. Find out how the world, including the USA, really works. USA is in huge debt, in the red. Russia is operating at a huge surplus, in the black, don't ya' know. USA made a deal with the scumbag Saudis to price OIL in US Dollars , forcing all Nations to hold a surplus of US Dollars to pay for OIL imports. That created a huge false demand for US Dollars and the new Russian policy lowers that demand. It's logical the US Dollar will lose value proportionately. Long story short is that the USA should never have created this insurrection and coup d'etat in Ukraine. It's going to bite us. Big time.

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    Re: Russia Announces Decoupling Trade From Dollar

    Putin has badly damaged his own economy by taking this move, and it will slowly degrade Russian economic influence. As for the impact on the Dollar....probably very little, if any.

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    Re: Russia Announces Decoupling Trade From Dollar

    Quote Originally Posted by DaveFagan View Post
    Where's the link documenting this 10 trillion cubic feet theft. The truth is that Russia was helping Ukraine by selling Ukraine Russian gas well below World Market Prices ($268mcf). Ukraine used much of the gas domestically and re-sold the rest to the EU (Europe) at World Market prices ($500mcf) turning a very nice profit to Ukraine, and essentially a gift from Russia. Ukraine didn't pay for the gas and is $2.2 billion behind and Russia has now begun charging Ukraine World Market prices ($500mcf) for this gas. Russia is one of the World's largest exporters of Hydrocarbon fuels, oil and gas. Get your brain in gear before attacking your keyboard. Find out how the world, including the USA, really works. USA is in huge debt, in the red.

    Russia is operating at a huge surplus, in the black, don't ya' know.

    USA made a deal with the scumbag Saudis to price OIL in US Dollars , forcing all Nations to hold a surplus of US Dollars to pay for OIL imports. That created a huge false demand for US Dollars and the new Russian policy lowers that demand. It's logical the US Dollar will lose value proportionately. Long story short is that the USA should never have created this insurrection and coup d'etat in Ukraine. It's going to bite us. Big time.
    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.
    Last edited by joko104; 04-09-14 at 10:55 AM.

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

    Quote Originally Posted by tecoyah View Post
    Putin has badly damaged his own economy by taking this move, and it will slowly degrade Russian economic influence. As for the impact on the Dollar....probably very little, if any.
    I don't agree with that. Putin was almost forced to make this move to prevent Central Bank manipulation of the Ruble. Nations that deal with Russia will sell US Dollars to buy Rubles to pay for Russian goods. After all is said and done, Russia is one of the World's largest exporters of oil and gas. A Trillion dollars worth per annum. Germany is one of Russia's largest customers and that is not going to change. I see the US Dollar on damn shaky footing because of our humungous debt, both funded and unfunded. The whole house of cards is kept together by one huge "Confidence" pump of alleged fiscal experts stating in Mainstream Media that they have great "confidence" going forward. They are confident in economic moves at this time. Low unemployment (manipulated) figures give us "confidence" our policies are working. Keep repeating these mantras until your confidence balloon is fully inflated and if it springs a leak, not to worry, pump more confidence, no need to fix the leak. I mean, it's all about confidence, don't you think?

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