Total de-dollarization in Russia

originally posted by: RussianTroll
a reply to: BedevereTheWise

Just read all the links in my comments. Denying the obvious is extremely stupid.

I did.

You linked to a list of russian dead officers.

You want to try again?

a reply to: strongfp

Apparently, NATO tried to "teach the Russian's a lesson at Kursk". In 1943!!!!!

You can't debate that level of BS.

Time travelling NATO?

Lol.

Never mind the fact that British Arctic convoys helped them out with that.

At huge cost.

The rewriting of history is off the scale.

a reply to: RussianTroll

I misread the post.

But then I reread it and laughed.

a reply to: Xtrozero

Their infrastructure's always crashing. I remember when they had the winter games in 2014 and all the hubbub about cosmetic only and fake amenities in hotel rooms etc. They kind of sucked.

But yet, here they are, running with the big dogs. They could be doing a lot worse. And on topic, the USA IS A REALLY BIG SHIP which is why when it fails, it has greater global impact than another country might have. Which is why it might not be such a bad idea to do what they and some other countries are doing now. I guess I'm not seeing a down side for those who are choosing this option nor do I see it as a negative in their best interest.

It's definitely something to pay attention to when other countries see our financial demise as much more vulnerable than we ourselves view it and so much so, they are divorcing themselves from our currency.

The global de-dollarization campaign is gaining momentum, as countries around the world seek alternatives to the hegemony of the US dollar.

China and Russia are trading in their own currencies.

Beijing and Brazil have also dropped the dollar in bilateral trade.

The UAE is selling China its gas in yuan, through a French company.

Southeast Asian nations in ASEAN are de-dollarizing their trade, promoting local payment systems.

Kenya is buying Persian Gulf oil with its own currency.

Even the Financial Times newspaper has acknowledged that a “multipolar currency world” is emerging.

geopoliticaleconomy.com...#:~:text=China%20and%20Russia%20are%20trading,trade%2C%20promotin g%20local%20payment%20systems.

originally posted by: StoutBroux

geopoliticaleconomy.com...#:~:text=China%20and%20Russia%20are%20trading,trade%2C%20promotin g%20local%20payment%20systems.

So the 50-year Petro dollar come to an end. It doesn't take away the fact that world trade is 50% US, 20% EU, 7% England, 4% China, 3% Japan and the other 170 countries dribble off into nothingness.

originally posted by: Oldcarpy2
a reply to: Xtrozero

"I am hoping Russia will also swing back to a state of rationality, but it most likely will not happen until Putin is dead.".

Me too. But my fear is that the next despot may be even worse.

I still think that in the long term, Russia's economy will be tanked.

originally posted by: Oldcarpy2
a reply to: strongfp

Apparently, NATO tried to "teach the Russian's a lesson at Kursk". In 1943!!!!!

You can't debate that level of BS.

Time travelling NATO?

Lol.

Never mind the fact that British Arctic convoys helped them out with that.

At huge cost.

The rewriting of history is off the scale.

Stay on topic and stop derailing the thread.

a reply to: Imhere

I was replying to another poster and trying to stop him derailing his own thread.

Anything to say on topic yourself?

Like the GDP per capita point?

Or the long term prospects for the Russian economy, which you oddly think is off topic?

Which comment of mine you quoted?

That was on topic.

You?

a reply to: Imhere

Tell that to yourself and the OP.

a reply to: Xtrozero

I've always thought that strange. We're only 5 percent of the world's population but 50% of the world trade. That may all change though if the current warnings about the economy come to fruition.

But "20% EU, 7% England, 4% China, 3% Japan and the other 170 countries dribble off into nothingness". I don't see that happening....at all lol. The dynamics are changing and amazingly, the USA seems to stay afloat. In fact currently, the VIX and the GDP are all in good range. But when one steps back and looks at the big picture, are we really doing well? In black and white it seems we are. I don't see food lines in our future but I certainly see tough times ahead especially for those in the lower middle class. Too much money or assets to get assistance if needed, and too poor to be rich.

The country as a whole, I just don't know. These are new times, and 'fail' doesn't seem to mean the same thing it did back in the day. Maybe we're in the 'everyone gets a trophy' mode.....even in our poor economic decisions. The warnings of financial collapse are non stop and constant so it's difficult to see things rationally sometimes from the inside. But on topic, others aren't seeing things quite so tolerable, apparently, thus the origination of this thread.

But thanks, I'm actually feeling calmer.

a reply to: strongfp

Russia and China can barely get along, do you want them being the world leaders?

It doesn't matter what the worlds' citizens want; have you not noticed who world leaders have been pandering to and enriching themselves off of?

Do you not see the fast path to socialism the US has been on for over a decade now and which politicians are working towards that goal? Same with the rest of the western world.

a reply to: nugget1

The US can dictate its own future. I really don't care to be honest, I'm more worried about the US keeping its end of the deal with other western nations.
NATO hasn't even set foot or put up a no fly zone in ukraine, and they're fending off a nation that blasts huge amounts of investment into their military.

Something doesn't add up on the Russian side. Corruption runs deep there, that's a red flag. A huge one. You want them leading the world towards peace and fair trade?

originally posted by: StoutBroux

I've always thought that strange. We're only 5 percent of the world's population but 50% of the world trade. That may all change though if the current warnings about the economy come to fruition.

If the US falls the world falls harder. All we need to do is play the... Do you want to be on team G7, or the Russia/China team...lol

When they say we want Russia/China we just say OK have fun... We do not need them, but they need us (G7) on so many levels if they want to live the quality of life, we all want. It really comes down to which group can a country gain the most from. As Russia does its suicide dance and China goes 75 trillion in economic loss, I don't think it will be them. In 10 years, the new China of manufacturing could easily be in our backyard of the Americas and China could become an afterthought. Their 30 years of massive gains was 90% because of America. They have 100s of millions out of work that were once middle class a few years ago now that we pulled out.

a reply to: strongfp

Something doesn't add up on the Russian side. Corruption runs deep there, that's a red flag. A huge one. You want them leading the world towards peace and fair trade?

Corruption runs deep in America as well, and I for one DO care. We're a hairs width away from becoming a socialist nation. When that happens it won't matter one iota what China, Russia or the rest of the world does.

Also, it takes some pretty good blinders not to see how corrupt NATO has become.

a reply to: nugget1

The US will never turn socialist. I don't know where you get this from.

Corruption does run deep within the US imperialist machine, but at least they offer democracy instead of autocracy.
The western world has its flaws, I'm a huge critic of them, but, I can see how disorganized and cut throat this BRICS nonsense is.

originally posted by: Oldcarpy2
a reply to: Tolkien

Willingly sold.

Not taken by force of arms.

Still part of Ukraine.

Bought when price is artificially depressed.
This is abusive

I am quite sure this is NOT what Ukrainians are fighting for, just so their farms can be bought from under them, at a discount.

This is scumbag behaviour.

a reply to: Tolkien

That's how free markets work. If the price of farmland in Ukraine is now lower, it's for a good reason. Ie it's a war zone. Buying it is a bit of a risk at the moment.

It sure looks like the Russian Central Bank are about raise interest rates again...

www.reuters.com...

MOSCOW (Reuters) - Russia's annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady reduction in inflation pressure.

The central bank is expected to raise its key interest rate by 100 basis points to 19% at its meeting on Sept. 13 to combat high inflation, a Reuters poll of analysts showed on Monday.

originally posted by: RussianTroll
Hello ATS!
Russia is supported in this by the majority of developed countries of the world, which are in a huge queue to join BRICS.

So there are 195 countries on the planet. You said the majority of developed countries of the world support Russia and want to joing BRICS...

The member states total 9 countries... amongst the 9 members include Iran, Ethipoia & South Africa... economic powerhouses in their own right I suppose lol.

Counties wanting to join - 15 countries... 24 total out of 195 on the planet... most of the countries who want to join BRICS are countries that are blacklisted and have trouble doing business with anyone... Cuba... Venezuela... Palestine... Kazakhstan.... Azerbaijan.... Algeria.... all economic powerhouses...

Your posts are getting old and tired RT... no matter how you try to spin them.

originally posted by: Oldcarpy2
a reply to: RussianTroll

"It is clear why the entire civilized world is uniting around Russia against the West."

No it isn't.

What is your definition of "the entire civilized World"?

Iran, Cuba, Venezuela... you know.. the entire civilized world.

originally posted by: RussianTroll
a reply to: BedevereTheWise

It's strange, I gave the names, but you didn't see them. Is this a sign of a zombie?)))))

Once again, a Western source.
List of NATO Officers Killed Invading Ukraine

Top of the first page I looked at under NATO officers killed...

Alexey Lyabin - Head of Regional Department of Special Purpose for Begorod & Voronezh regions... he is a russian.... received the Hero of Russia award... he is not a NATO officer...


More fake propaganda... RT you're slipping.