News Vladimir Putin to dump the U.S. dollar

Discussion in 'The Howard Stern Show' started by dawg, Sep 7, 2015.

  1. dawg

    dawg In The Dog House Staff Member

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    AP_175257666785_c0-176-4256-2656_s561x327.jpg

    Russian President Vladimir Putin has a new target in the revived cold war with Washington — the U.S. dollar.

    The website Russia Today* reported Tuesday that Mr. Putin has drafted a bill to block the use of both the American greenback and the euro in trade between the bloc of countries that used to be part of the Soviet Union, including Russia, Armenia, Belarus, Kazakhstan and Tajikistan.

    The measure “would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets,” the Kremlin said in a statement.

    The move could also prove a boost to the battered Russian ruble, which has fallen sharply in the face of Western economic sanctions over Moscow’s policies in Ukraine and over a sharp recent slide in global oil prices, Russia’s chief export money-maker.

    Mr. Putin has been seeking new economic partners as trade with the West has been sharply curtailed in recent months. Russia and China have signed a major energy cooperation pact and both Beijing and Moscow have made moves to challenge the longtime dominance of the U.S. dollar as the world’s reserve currency.

    Last month, according to the Russian news service RIA Novosti, Chinese banking officials launched a pilot program in Heilongjiang Province to introduce the ruble as the second currency, replacing the dollar.

    The Russian president is one of the few prominent world leaders who will be on hand for the Sept. 3 parade in Beijing marking the 70th anniversary of China’s victory over Japan in World War II.

    Citing rising cooperation with China on energy, transportation and space exploration, Mr. Putin told reporters in Moscow Tuesday said bilateral relations have never been better between the onetime Cold War rivals.

    Despite what he called “illegitimate restrictions imposed by certain Western countries against Russia,” Russian-Chinese ties have “probably reached a peak in their entire history,” Mr. Putin said.

    http://www.washingtontimes.com/news/2015/sep/1/putin-seeks-dump-dollar-regional-trade/
     
  2. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    so basically nobody outside of Russia will do business with anyone inside of Russia because they will not have any common currency.
     
    Mike Huntslooce, OV, Kilroy and 2 others like this.
  3. dawg

    dawg In The Dog House Staff Member

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    China
     
  4. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    with what? their economy is in the toilet.
     
  5. Jim J Jiblets

    Jim J Jiblets #Hillary'sTongue

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    BRICS
     
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  6. Mr Fantastic

    Mr Fantastic Found Nemo VIP

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    Boy, I miss the Good ol days...



    [​IMG]
     
  7. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    was just thinking and i realized i just don't give a shit about either govt. let them do whatever they want. their whinning is similar to France's whining in the 1980s. BFD
     
  8. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    However i do like shopping from alibabaExpress. lots of good prices on new tech. I just have to scan the firmware of anything i get from there before plugging it in.
     
  9. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    they proved to the world the past 2 weeks that they completely lied to the financial markets about the health of their economies and that their credit is no good.
     
    Fuzz Nuts likes this.
  10. johnfreeman1

    johnfreeman1 Well-Known Member

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    Saddam was killed for changing to Euros. I can't wait to see if Russia goes into Syria. I will love to see the Spetznaz killing some ISIS
     
    jlightningzz and wife is a whore like this.
  11. Ipokesmot

    Ipokesmot Well-Known Member Banned User

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    I'm surprised any country honors the US dollar. It's backed by nothing except total bullshit.
     
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  12. dawg

    dawg In The Dog House Staff Member

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    Russia is already in Syria.
     
  13. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    the more i think about it, the more i realize that i still don't give a shit. my systems will trade in whatever currency the assholes decide to use, and still make a profit.
     
  14. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    its just like all the other currencies, only with more confidence.
     
  15. dawg

    dawg In The Dog House Staff Member

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    The world is changing right before your eyes in your lifetime, my friend.
     
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  16. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    just doesn't affect me one way or the other: business goes on. that's why we are multinational. our singapore offices will still do business in China, and our moscow offices will still handle russian currencies.

    we opened russian offices before they had a viable currency. this doesn't matter.

    people don't like to accept that country govts don't run things like they once did. global financials do, and they do not like wars or national instabilities.
     
    Fuzz Nuts likes this.
  17. MilkyDischarge

    MilkyDischarge Se suelto el diablo Gold

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    What kind of stuff are you buying? Do electronics work in the U.S.?
     
  18. dawg

    dawg In The Dog House Staff Member

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    There is nothing you or I can do about it, correct bro.
     
  19. dawg

    dawg In The Dog House Staff Member

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  20. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    yeah so as long as value persists or increases, why should we care?