Russia And China Attack The U.S Dollar.

Discussion in 'Politics' started by DivineVictoryX, Jun 17, 2015.

  1. On Tuesday it was announced that Russia and China are expected to use the ruble and yuan in payments for gas supplied using the western Altai pipeline. The proposed pipeline will export 30 billion cubic meters of natural gas a year from Russia's Western Siberia to North-Western China.

    “As a sales contract is not signed, then, of course, the currency of payment has not yet been determined,” said Gazprom Export CEO Elena Burmistrova. “However, the Chinese side and the Russian side are discussing today and are in intricate negotiations on the possibility of paying in yuan and rubles.”




    The announced plan followed an October 2014 deal signed between Beijing and Moscow that will strengthen the yuan and ruble and reduce dollar and euro dependency.

    Prior to this, the Russian oil company Gazprom Neft agreed to export 80,000 tons of oil from the Novoportovskoye field in the Arctic via the Eastern Siberia-Pacific Ocean pipeline and will only accept payment in Chinese yuan, according to the Russian business daily Kommersant.

    “The Chinese and Russians are working together against the Americans, and there are many countries that would be happy to join them in dethroning the U.S. dollar as the world's reserve currency. This historic gas deal between Russia and China is very bad news for the petrodollar,” Marin Katusa wrote for Forbes last May.

    Another woe is an alternative development bank announced by BRICs, the governments of Brazil, Russia, India and China.

    “It's long been obvious the BRICs are coming,” Liam Halligan wrote for the Telegraph last August. “The total annual output of these four economies has spiraled in recent years, to an astonishing $29.6  trillion (£17.3 trillion) last year on a PPP-basis adjusted for living costs. That's within spitting distance of the $34.2 trillion generated by the US and European Union combined.”

    A move by Russia and China out of the dollar will ultimately undermine the the Treasury market in the United States and result in the collapse of the global elite's astronomical and continually spiraling $17.5  trillion of dollar-denominated debt, an imposed obligation that translates into $53,000 for every person in the United States.

    “In retrospect it will be very fitting that the crowning legacy of Obama's disastrous reign, both domestically and certainly internationally, will be to force the world's key ascendent superpowers (we certainly don't envision broke, insolvent Europe among them) to drop the Petrodollar and end the reserve status of the US currency,” notes Zero Hedge.

    The response by the global elite to the threat is playing out in sanctions and increased military aggressiveness on the periphery of Russia. The threat of war between the nuclear superpowers has not been this bad since the Cold War.

    Domestically, severe measures are likely to be imposed after the dollar system collapses.

    “I believe Washington will become sufficiently desperate to enforce the radical measures that governments throughout world history have always implemented when their currencies were threatened-overt capital controls, wealth confiscation, people controls, price and wage controls, pension nationalizations, etc.,” writes Nick Giambruno of Casey Research.

    “And there's more,” Giambruno adds. “The destruction of the dollar will wipe out most people's wealth, leading to political and social consequences that will likely be worse than the financial consequences.”
     
  2. #2 SlowMo, Jun 18, 2015
    Last edited by a moderator: Jun 18, 2015
    The sabotage of the nation is from both inside and outside its borders. Maybe it's not an outright coordinated conspiracy but there's certainly no lack of people in both arenas that hate it enough to do everything they can to bring it to ashes. Even without Russia and China and the rest of the hate-America conglomerations all over the world, there's more than enough American citizens with destructive schemes and policies to pretty much transform it into a pile of rubble.
     
  3. [​IMG] [​IMG]  Are you just Spamming a report or would you like to add some thought to it? Uncommented political threads are not allowed, it is just advertising. You should also cite the source.
     
    :smoke:
     
  4. its been part of the KGB plot all along.

    Essentially the seeds of decent have been being planted since the cold war. The McCarthy era was like a spring monsoon that enticed the seeds to grow. Carefully caring for the spreading quagmire of decent has lead to the current image that is America.

    Thanks to Communist propaganda and subsequent infiltration of Congress, we have to worry about terrorists from both outside and inside the country. On top of that we see a split nation on the brink of economic collapse. Right out of the Chinese "how to take over America handbook"

    Its the same thing that's happening to Israel right now. Seeds of dissent are being planted.

    -yuri
     
  5. Really? Is there something i am missing being that i only use the GC app? I reread the forum guidelines and didnt see anything about this. Thanks!

    In regards to OP, yes this is the trend and it will likely continue until war or collapse of the U.S. economy. Its sad, it doesnt need to happen, but judging by the continuous stream of asinine measures imposed by the D.C./London gang, it will happen.

    rt.com/business/267751-brics-swift-russia-banking/

    Brics in talks about SWIFT alternative. China and India buying motherloads of gold.

    www.goldcore.com/us/gold-blog/gold-flows-east-china-india-import-massive-quantities-of-gold-from-switzerland/

    7 missing audits of U.S. gold, just trust (you can trust the govnt right?) them, the golds gotta be in there!

    https://www.bullionstar.com/blogs/koos-jansen/us-government-lost-7-fort-knox-gold-audit-reports/


    We could add stories to this trend daily.
     
  6. #6 roorforcrumble, Jun 18, 2015
    Last edited by a moderator: Jun 18, 2015
    Article is full of shit and pandering as fuck, and biased as fuck, and fear-mongering. The GDP of Russia is 2.097 trillion USD, Brazil: 2.246 trillion USD, China: 9.24 trillion USD, India: 1.877 trillion USD. And the U.S. has a GDP of 16.77 trillion USD. So those four just about matches what the U.S. does alone in terms of the world economy. So looks like that article is full of shit, and why it is not cited.
     
  7. Here is the source of the gdp figures though i couldnt track it down further.

    Https://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html

    The original OP text comes from infowars
     

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  8. But the U.S. lives beyond its means

    All the money in the world isn't enough if your bill comes to all the money in the world + 1$

    Issues like this can't be resolved in a perpetual popularity contest, they need radical new ideas, regulations, tax increases and cut backs

    Or just lower the defense budget
     
  9. Or print their own damn money instead of borrowing from a private bank.
     
  10.  
    Nations forgive debts all the time. After WW2 the US lost a ton of loaned money in ships, planes, tanks, trucks, and much more when the British and Russians did not pay us back and defaulted, and were forgiven. So the answer to your question is, what happens when nations can't pay their debts? Well, they are either forgiven and it hurts their credit, or the nation seeking the funds goes to war to acquire those funds. Which is rather counterintuitive since war costs a lot of money but that is how humans like to operate, so one of those two things. 
     
  11. But when Gaddafi pushes to introduce gold currency for Africa he's overthrown and assassinated.
     
  12. I believe he too was trying to circumvent the petro-dollar, only China and Russia combined have a much greater ability to defend themselves.
     
  13. #13 ICGreen, Jun 18, 2015
    Last edited by a moderator: Jun 18, 2015
     
     
     
     
    Yup, SPAM and advertising with no original thought to it. Both are against the guidelines.
     [​IMG]
     
     

     
  14. #14 BluntedUp, Jun 22, 2015
    Last edited by a moderator: Jun 22, 2015
    China and Russia have been making slight moves against the US but lets be honest.  BRICS ain't shit compared to what the IMF is holdng down, it'll be decades before they can even be called solid competition unless something happens(war, famine, financial crisis).
     
    And has long has oil is paid in greenbacks, the US is going pretty much untouched.  
     
    Now as far as "Geopolitical" issues go, thats a whole different story Lol.
     
  15. It's naive to think tht China is going to annul America's debt. Keep in mind tht just about every nation east of Romania believes the US is evil and has to pay for its crimes

    Question is what made the cons think it was a good idea to fight two wars on borrowed money
     
  16. Good point.


    Russia and China are still promoting fiat currencies; therefore, they are serving the interests of international bankers. Individuals whom hate sound currencies backed by gold.

     

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