View Poll Results: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

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Thread: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

  1. #11
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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by DaveFagan View Post
    I will say this. Putin could have squashed Georgia and Sashkaavili like a bug, but just showed them the big hammer and didn't hit them. That was a choice. You are correct, we don't know Putin's moral and ethical code, but he has continually built Russia and fended off attacks from big money Players as well as Nations. He's done the right thing for Russians and that is who he is supposed to represent. Power corrupts and absolute power corrupts abslolutely, or not? Your are correct. We don't know. I'm not too proud of the USA, either politically, militarily, or economically and can't honestly believe some of the things we are doing and people we are killing, or causing to be killed. All one can do is make a lot of noise and hope to be heard.
    Not only that, but if Putin had really wanted to, after those referendums in Eastern Ukraine, he could have annexed those regions and that just would have been that. But they didn't do that. Instead they are pushing for the federalization of the Ukraine, with those pro Russian areas in the East having a large degree of autonomy. When one considers the situation, the history, etc. that is a fair deal, IMHO.

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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by grip View Post
    I believe the US will win if it doesn't result in some kind of direct military conflict. We've simply got more alliances (Europe, China, Japan etc), deeper pockets and mostly, because we've really started tapping into our own petroleum resources. That with the eventual advent of alternative energy technologies will give us a big edge over any global competitors. Even China grew too fast for their own good and have started to plateau financially, and having related problems with pollution, empty cities and controlling inflation.
    I think you made a good point about the military conflict. If this doesn't end up being some direct military conflict between NATO and Russia, then the US comes out with the better hand. The losers are Europe and Russia because of the economic consequences. Of course, if Europe goes down economically, they will drag the US down as well. But I don't think the US will hurt as much as Europe and Russia. No wonder Europe really didn't want to play this game of Russian roulette, pun intended.

  3. #13
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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by MildSteel View Post
    I think you made a good point about the military conflict. If this doesn't end up being some direct military conflict between NATO and Russia, then the US comes out with the better hand. The losers are Europe and Russia because of the economic consequences. Of course, if Europe goes down economically, they will drag the US down as well. But I don't think the US will hurt as much as Europe and Russia. No wonder Europe really didn't want to play this game of Russian roulette, pun intended.
    I'm not sure if the US is harmed too much by Europe paying for higher gas, especially if it's not a sudden and drastic reduction. In time we and the ME could actually start to ship some LNG to Europe, they'll pay a lot more, but big swings in markets and commodities can create unforeseen opportunities and growth in other areas of financials. Europe would definitely create a coal boom as a substitute for awhile, and Russia may loose so much market dominance that they buckle and comply much quicker. And eventually drop their own gas prices thru the floor just to get some cash flow again.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by grip View Post
    I'm not sure if the US is harmed too much by Europe paying for higher gas, especially if it's not a sudden and drastic reduction. In time we and the ME could actually start to ship some LNG to Europe, they'll pay a lot more, but big swings in markets and commodities can create unforeseen opportunities and growth in other areas of financials. Europe would definitely create a coal boom as a substitute for awhile, and Russia may loose so much market dominance that they buckle and comply much quicker. And eventually drop their own gas prices thru the floor just to get some cash flow again.
    What you don't seem to recognize is that Europe's economy is in a very fragile state. The only thing that has kept it going is Germany, and now their economy is strained. The German and Russian economies are very much integrated. Germany exports quite a bit to Russia, and Russia supplies Germany with quite a bit of it's energy. If the economy in Europe experiences significant strain, it will be manifest in the major European banks which are very much tied to the US banking system. The Fed will have to step in to provide liquidity to the European banks which will exert significant inflationary pressure on the US economy, which in turn will cause interest rates to rise significantly, which will in turn have the effect of contracting economic activity in the US at a time when the US is trying to recover. The result will be hardship for American citizens.

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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by MildSteel View Post
    What you don't seem to recognize is that Europe's economy is in a very fragile state. The only thing that has kept it going is Germany, and now their economy is strained. The German and Russian economies are very much integrated. Germany exports quite a bit to Russia, and Russia supplies Germany with quite a bit of it's energy. If the economy in Europe experiences significant strain, it will be manifest in the major European banks which are very much tied to the US banking system. The Fed will have to step in to provide liquidity to the European banks which will exert significant inflationary pressure on the US economy, which in turn will cause interest rates to rise significantly, which will in turn have the effect of contracting economic activity in the US at a time when the US is trying to recover. The result will be hardship for American citizens.
    I agree with all of this and that the global economy is so intertwined now that even a major upset in Russia could ripple thru Europe, Asia, then the US.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by grip View Post
    I agree with all of this and that the global economy is so intertwined now that even a major upset in Russia could ripple thru Europe, Asia, then the US.
    Which is why we should have been more careful in the first place. There is nothing wrong with the US trying to exercise influence in Ukraine. However, there is a right and a wrong way to go about doing certain things. In the case of Ukraine, the US behaved like a bull in a China shop, and the result is the mess that is in Ukraine now.

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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by MildSteel View Post
    Which is why we should have been more careful in the first place. There is nothing wrong with the US trying to exercise influence in Ukraine. However, there is a right and a wrong way to go about doing certain things. In the case of Ukraine, the US behaved like a bull in a China shop, and the result is the mess that is in Ukraine now.
    According to Putin, when we decided to help with the overturn of Qaddafi in Libya, it was a signal to him that we were being too aggressive by taking liberties with that regions politics. We've actually shown restraint with our dealings in the Ukraine by not over supplying them militarily. But once we fanned the flames of the Arab Spring, which is looking like as bad an idea as invading Iraq, the Russians felt compelled to start protecting their strategic interests. It's all about oil/gas and pipelines competing for energy money, otherwise we wouldn't give two cents about how those regions develop. We've never committed those kind of resources to India, Asia, Africa, South America or other areas of the world. All 9/11 did was give us a rallying cry and reason to invade areas we wanted to control anyway.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by grip View Post
    According to Putin, when we decided to help with the overturn of Qaddafi in Libya, it was a signal to him that we were being too aggressive by taking liberties with that regions politics. We've actually shown restraint with our dealings in the Ukraine by not over supplying them militarily. But once we fanned the flames of the Arab Spring, which is looking like as bad an idea as invading Iraq, the Russians felt compelled to start protecting their strategic interests. It's all about oil/gas and pipelines competing for energy money, otherwise we wouldn't give two cents about how those regions develop. We've never committed those kind of resources to India, Asia, Africa, South America or other areas of the world. All 9/11 did was give us a rallying cry and reason to invade areas we wanted to control anyway.
    Although I agree the US has exercised restraint in Ukraine with respect to military involvement, we were way too aggressive in the way in which we dealt with Yanukovych. Other than that, I agree with what you have said.

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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by DaveFagan View Post
    Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?... | Kitco Commentary

    "In Why they are making an enemy of Russia? we looked at two of the key reasons why the US is making an enemy of Russia, namely the promotion of conflict by the powerful Defense industry lobby in order to keep its order books full, and the value of conjuring up an external enemy as a hate figure for the masses, in order to take the heat off the government. In this article we are going to look at what is arguably an even bigger reason, that was largely omitted in the earlier article, which is that Russia, in alliance with China, is threatening to bring an end to the dollar as the global reserve currency, which would mean the end of the American empire.
    We are witness to the greatest struggle of our age – the battle to maintain global dollar hegemony, and with it US economic, military and political dominance of the entire planet – and this struggle is now coming to a head.
    Notwithstanding its undeniably great accomplishments of the past hundred years, the relationship of the United States to the rest of the world is parasitic. This is because it creates money and debt instruments out of nothing, requiring virtually no effort, which it then swaps for goods and services with other countries. Because the US dollar is the global reserve currency, it is able to rack up astronomic deficits that would be untenable for any other country. US debts are now at such levels that if the US dollar loses its reserve currency status, the United States economy will implode and it will quickly be reduced to the status of a banana republic – hence the sense of urgency in the face of growing threats. "
    snip
    "Any state that moves to opt out of using the dollar as a medium of exchange is dealt with, forcibly if deemed necessary. The tactics are threefold – economic blockade (sanctions), the funding of an internal revolution, perhaps assisted by US special forces, and an outright military invasion, or perhaps a combination of the three. This is what happened in Iraq and Libya, both of which planned to trade their oil in currencies other than the dollar. Perhaps the greatest irony of all is that the world’s savings, via the Treasury market, are used to fund the vast US military machine with its hundreds of bases spread across the world which forcibly makes sure they stay yoked to this system."

    "Enter Russia (and China), the biggest threat yet to dollar dominance. These large powerful neighbors have entered into various major currency and trade agreements in the recent past that do not involve the dollar, and therefore pose a serious threat to the dollar’s reserve currency status that left unchallenged would bring it to an end. Once you understand that you understand the reason for the recent propaganda blitz against Russia. In addition China has been busy mopping up the global gold supply for several years, as early preparation for the eventual backing of its currency by gold, which will put the final nail in the US’ coffin, as the unbacked dollar will collapse completely when this happens. "

    "
    A sad irony for the American people is that even though the US has the ability to swap unlimited intrinsically worthless paper for goods and services from the the rest of the world, the infrastructure of the country is crumbling and many Americans already live in poverty on “food stamps”, and even the great US middle class is being squeezed. This is because the elites don’t care about the country or the masses – all they care about is power and the amassing of personal fortunes. "

    "snip
    The US searched for a geographic doorway through which to attack Russia – the North and east routes don’t work because they are either ocean or China, countries like Poland in Europe wouldn’t do either, because they are firmly in the Western camp now, but the Ukraine was perfect for the job because of its being a large country on the SW flank of Russia that is torn in two directions, having old loyalties and blood ties to Russia, and aspirations to a closer union with Europe – the perfect place to foment a pro-Western revolution and perhaps a civil war that would draw Russia in and could then be used as an excuse to implement sanctions. That is exactly what has happened. "

    "
    So now we have sanctions, but the problem for the US is this – they probably won’t work. They will cause damage, especially to the fools in Europe who have slavishly followed their orders from Washington to implement them, but they probably won’t destroy the Russian economy as the US is hoping. This is because the Russian economy is very big and can if necessary operate on a self-sufficient basis, especially as it has its own oil and gas, and an important supportive factor is that it has a big powerful neighbor in the form of China which knows it will be “in the firing line” after Russia, and is thus quite happy to enter into a mutually supportive relationship with Russia. China and Russia look set to form a “dollar free” axis and tough it out with Washington. The Chinese have worked all this out in advance, as has Putin, which is why, in addition to mopping up all the gold available on the market in recent times to later back its currency, it has been beefing up its military in readiness to counter future threats from the US military, which is already making moves to reopen bases in the Philippines, and engaging in other expansionary measures in the west Pacific.
    Meanwhile, in the Mid-East, we have the Islamic State movement, which appears to have arisen spontaneously to fill the power vacuum that was created when US forces quit Iraq. We should not forget that although Iraq has existed for many decades, the country in an artificial creation of the British after the collapse of the Ottoman Empire in order to control the region and its oil reserves. The US is trying to stop them with air power, but without “boots on the ground” they are unlikely to succeed. Although Israel is looking on with satisfaction as Arab kills Arab, it had better hope that the dollar doesn’t lose its reserve currency status, or they could be in big trouble as the conveyor belt of money and arms across the Atlantic from the US could grind to a halt. "

    Is this an accurate play by play of contemporary World financials?

    Is the USA creating this embroglio?

    Are average citizens aware of this information?

    Is the narrative above an over-reaction to events?

    Do you understand dollar hegemony? Relate it to printing money from nothing.

    Why does this come from an economic website? Sounds like scumbag politics.

    The poll question, "Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?..."
    Russia is in no way a threat to the petro-dollar in fact the Peso is worth three times as much as the Russian Ruble, no nation in their right mind is going to start trading in the Ruble over the Dollar or the Euro. Russia is under sanction because Putin is a war criminal who invaded and annexed the territory of their neighbor, is currently in illegal occupation of said territory and is arming, training, funding, and directing mass murdering terrorists in Ukraine proper.

  10. #20
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    Re: Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

    Quote Originally Posted by face, your View Post
    Russia is in no way a threat to the petro-dollar in fact the Peso is worth three times as much as the Russian Ruble, no nation in their right mind is going to start trading in the Ruble over the Dollar or the Euro. Russia is under sanction because Putin is a war criminal who invaded and annexed the territory of their neighbor, is currently in illegal occupation of said territory and is arming, training, funding, and directing mass murdering terrorists in Ukraine proper.
    Yep! You're living proof.

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