Go Back   Old Project Avalon Forum (ARCHIVE) > Project Avalon Forum > Project Avalon > Economy and Currency

Notices

Reply
 
Thread Tools Display Modes
Old 10-28-2008, 08:18 PM   #1
giovonni
Avalon Senior Member
 
Join Date: Sep 2008
Location: within my heart
Posts: 1,209
Arrow PM Putin suggest Russia & China ditch dollars in bilateral trade deals:

Greeting's to all,
This is an interesting economic strategical move, by these two former enimies.

http://globalresearch.ca/index.php?context=va&aid=10734


giovonni
giovonni is offline   Reply With Quote
Old 10-28-2008, 10:26 PM   #2
Connecting with Sauce
Avalon Senior Member
 
Join Date: Sep 2008
Location: Chelmsford, Essex
Posts: 650
Default Re: PM Putin suggest Russia & China ditch dollars in bilateral trade deals:

I like the picture of the cash dispenser
Connecting with Sauce is offline   Reply With Quote
Old 10-28-2008, 10:41 PM   #3
giovonni
Avalon Senior Member
 
Join Date: Sep 2008
Location: within my heart
Posts: 1,209
Thumbs up Re: PM Putin suggest Russia & China ditch dollars in bilateral trade deals:

Quote:
Originally Posted by Connecting with Sauce View Post
I like the picture of the cash dispenser
Greeting's John,
YOU GOT IT!!! giovonni
giovonni is offline   Reply With Quote
Old 10-30-2008, 03:51 AM   #4
Knightbk
Avalon Senior Member
 
Join Date: Oct 2008
Posts: 73
Default Re: PM Putin suggest Russia & China ditch dollars in bilateral trade deals:

They can't, at least not yet, the reason is that they have too much wealth tied up in Dollars and dumping dollars would essentially cause all their wealth to disappear due to devaluation AND it would also kill China's economy.

Russia doesn't care much because their economy is built off of Commodities and a declining dollar would push Oil up to triple digit numbers, however China is a trading nation that gets most of its revenue from the United States.

Most people don't understand this, but for the next 10-15 years, the US and China are very tied together. However, soon China will have a large middle class that will be pursing "stuff" and then they wont care about the US as much since they will become a consuming nation and not an export nation.

No, you will see China and the rest move to a world currency if possible because by doing that, they know it will give them an advantage AND keep their wealth.
Knightbk is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 06:38 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Project Avalon