Total de-dollarization in Russia

a reply to: Kurokage

Future spending of some $400 billion as planned before the War on key infrastructure is now out the window so the future for ordinary Russian folk looks bleak.

a reply to: RussianTroll

Where might this "forced voting" be happening?

Which countries are Russians "allies"?

originally posted by: RussianTroll
a reply to: BedevereTheWise

If there's one thing the Anglo-Saxons are masters of, it's forced voting. More precisely, they're masters of putting pressure on entire countries at any cost and forcing them to vote as needed. In the West, this is called democracy and cooperation. Maybe that's why these countries are actually cooperating with Russia and becoming its allies?

You mean like Putin has done in Crimea and keeping him in power??

How about something ON topic, which you can't seem to do...

www.investopedia.com...

The dollar is the official currency of five U.S. territories, along with 11 foreign countries, territories, and municipalities around the world. It's also the quasi-official currency of several other nations that, in addition to their local currency, commonly accept U.S. dollars.

In addition to being the world's most commonly used currency, the dollar is also the world's reserve currency. This means it's held in large quantities by central banks around the globe.

Sometimes known as the greenback, the U.S. dollar is also one of the most commonly traded currencies on the foreign exchange market.

There are also currently 36 countires that use and trade with Euro and 9 other Currencies with a fixed exchange rate to the euro...
www.worlddata.info...

The euro is an official currency not only within the EU. It is also used outside. Not surprisingly, the microstates of Andorra, Monaco, San Marino and Vatican City also use the euro. They are surrounded by other euro countries and their size and dependence would cause unnecessary economic disadvantages. All four smallest states even have their own euro coins. The Non-EU countries Kosovo and Montenegro also use the euro, but without their own coins.

So I think your comments on toxic currencies only seem to apply to Russia and the Ruble!

After nearly six months of fighting, Moscow’s sloppy war has yielded at least one big reward: expanded control over some of the most mineral-rich lands in Europe.

Ukraine harbors some of the world’s largest reserves of titanium and iron ore, fields of untapped lithium and massive deposits of coal. Collectively, they are worth tens of trillions of dollars.

Ukrainian miners surface from 1,200 feet underground, where vast deposits of coal are part of one of the world’s most valuable mineral reserves.

$12.4 trillion in lost wealth

Ukraine is widely known as an agricultural powerhouse. But as a raw-material mother lode, it’s home to 117 of the 120 most widely used minerals and metals, and a major source of fossil fuels.

Official websites no longer show geolocations of these deposits; the government, citing national security, took them down in early spring.

Yet SecDev’s analysis indicates that at least $12.4 trillion worth of Ukraine’s energy deposits, metals and minerals are now under Russian control.

That figure accounts for nearly half the dollar value of the 2,209 deposits reviewed by the company. In addition to 63 percent of the country’s coal deposits, Moscow has seized 11 percent of its oil deposits, 20 percent of its natural gas deposits, 42 percent of its metals and 33 percent of its deposits of rare earth and other critical minerals including lithium.

www.washingtonpost.com...

a reply to: Imhere

Ukraine harbors some of the world’s largest reserves of titanium and iron ore, fields of untapped lithium and massive deposits of coal. Collectively, they are worth tens of trillions of dollars.

Well, at least you can admit and post the reason why Putin is willing to sacrifice over 600,000 troops for his little war and invasion...

originally posted by: RussianTroll
a reply to: BedevereTheWise

If there's one thing the Anglo-Saxons are masters of, it's forced voting. More precisely, they're masters of putting pressure on entire countries at any cost and forcing them to vote as needed. In the West, this is called democracy and cooperation. Maybe that's why these countries are actually cooperating with Russia and becoming its allies?

Only they aren't.

originally posted by: Imhere

After nearly six months of fighting, Moscow’s sloppy war has yielded at least one big reward: expanded control over some of the most mineral-rich lands in Europe.

Ukraine harbors some of the world’s largest reserves of titanium and iron ore, fields of untapped lithium and massive deposits of coal. Collectively, they are worth tens of trillions of dollars.

Ukrainian miners surface from 1,200 feet underground, where vast deposits of coal are part of one of the world’s most valuable mineral reserves.

$12.4 trillion in lost wealth

Ukraine is widely known as an agricultural powerhouse. But as a raw-material mother lode, it’s home to 117 of the 120 most widely used minerals and metals, and a major source of fossil fuels. Official websites no longer show geolocations of these deposits; the government, citing national security, took them down in early spring.
Yet SecDev’s analysis indicates that at least $12.4 trillion worth of Ukraine’s energy deposits, metals and minerals are now under Russian control. That figure accounts for nearly half the dollar value of the 2,209 deposits reviewed by the company. In addition to 63 percent of the country’s coal deposits, Moscow has seized 11 percent of its oil deposits, 20 percent of its natural gas deposits, 42 percent of its metals and 33 percent of its deposits of rare earth and other critical minerals including lithium.

www.washingtonpost.com...

Russia already had huge natural resources.

The war however has cost it it's main markets for them.

Not much of a win.

a reply to: Imhere

The West once tore a single people, the Russians, and a single country, Russia, into 3 parts - Russia, Ukraine and Belarus. Moreover, it convinced one part of the Russians that they were Ukrainians with their own invented language and invented history. And then it pushed the Russians into a civil war.
"Russians always come for their money"
Otto von Bismarck.

a reply to: Imhere

Russia is trying to steal those resources. Is this something you support now?

Unfortunately for Russia, the West is cutting it's dependency on fossil fuels.

At this rate, I suspect that the Ruble might be replaced longer term by, the Yen.

a reply to: BedevereTheWise
Never envy someone else's wealth. Otherwise you will become communists.

originally posted by: RussianTroll
a reply to: BedevereTheWise
Never envy someone else's wealth. Otherwise you will become communists.

What is there to envy?

Russia is a relatively poor country becoming poorer due to Putin's ineptitude.

I feel sorry for ordinary Russians.

a reply to: RussianTroll

Seems that rewriting history is quite a big thing in Russia?

Unfortunately, they aren't very good at it.

a reply to: BedevereTheWise

I too feel sorry for ordinary Russians.

I see them waking up fast and rising up, too.

Which never bodes well for it's leaders.

originally posted by: RussianTroll
a reply to: Imhere

The West once tore a single people, the Russians, and a single country, Russia, into 3 parts - Russia, Ukraine and Belarus. Moreover, it convinced one part of the Russians that they were Ukrainians with their own invented language and invented history. And then it pushed the Russians into a civil war.
"Russians always come for their money"
Otto von Bismarck.

Bla Bla Bla Bla, and Bismark never said that!! more off topic nonsence


You should also learn your history, Moscow once belonged in this little state...

www.britannica.com...

en.wikipedia.org...

Kievan Rus', also known as Kyivan Rus', was the first East Slavic state and later an amalgam of principalities in Eastern Europe from the late 9th to the mid-13th century. Encompassing a variety of polities and peoples, including East Slavic, Norse, and Finnic, it was ruled by the Rurik dynasty, founded by the Varangian prince Rurik. The name was coined by Russian historians in the 19th century to describe the period when Kiev was at the center. At its greatest extent in the mid-11th century, Kievan Rus' stretched from the White Sea in the north to the Black Sea in the south and from the headwaters of the Vistula in the west to the Taman Peninsula in the east, uniting the East Slavic tribes.

Russia belongs to Ukraine!!

NATO tried stealing Ukraine’s resources, after supporting the destabilization in the Balkans.

Trying to expand further and supporting more destabilization in Ukraine.

Putin drew the line in the sand.

Kicking out Hunter Biden and others crummy hands out of the cookie jar.

originally posted by: Imhere
NATO tried stealing Ukraine’s resources, after supporting the destabilization in the Balkans.

Trying to expand further and supporting more destabilization in Ukraine.

Putin drew the line in the sand.

Kicking out Hunter Biden and others crummy hands out of the cookie jar.

When NATO invaded Ukraine and claimed ownership over large parts of it?

a reply to: Imhere

Seeing that Britain can be seen as U.S.A’s female dog,

There is the fact that we colonised the place so..............

I’d worry more about it getting taken over by Muslim extremists that the rat Tony Blair, Clinton and Biden coddled past decades.

But you are worried about that sort of nonsense.

Statistics not so much, considering less than 6% of the nation calls themselves Muslim.

But hey-ho if you are stupid enough to swallow that sort of racist doom porn and like the taste.

a reply to: Imhere

You are absolutely right.
About "Ukraine". I am an old antique dealer and collector. I have already written on the forum that I will pay any money for any document, money, shares, manuscripts and so on up to the 20th century, where there is the name "Ukraine". Any money.
I say this because none of this exists in nature before the 20th century. This is all fiction and a project of the West in the person of the Austrian General Staff at the end of the 19th century. ))))))

a reply to: Imhere

His line in the sand?

Well, the Ukrainian invasion of Kursk Oblast.

Would seem to have changed Putin's line in the sand.

originally posted by: Imhere
NATO tried stealing Ukraine’s resources, after supporting the destabilization in the Balkans.

Trying to expand further and supporting more destabilization in Ukraine.

Putin drew the line in the sand.

Kicking out Hunter Biden and others crummy hands out of the cookie jar.

And do tell, how are any of your comments here ON topic? I'll remind you of the thread topic shall I?

Total de-dollarization in Russia

Maybe start a new thread confessing your love for Putin??


Russian acute labour shortages and the negative effects of western sanctions are crimping production and slowing the economy, don't forget Russia’s central bank raised its key interest rate to 18 percent back in July because of an overheating in the economy with inflation rate at 8.3%. This must be starting to have an large impact on Russian business.