Russia Is Doing It – Russia Is Actually Abandoning The Dollar

Do you mean that they are getting rid of currencies that they suspect will fall in value and piling up currencies that they believe will increase in value?

 

Anybody who talks about the dollar's decline starting a major war and pushing the US to developing nation status (there is no 2nd world status) is little more than someone hawking for people to fleece on gold.

 

My suggestion is to go get your dual citizenship in Canada...… just in case!



http://www.near-death.com/storm.html#a04

 

Or perhaps one of the three percent of Americans who report having had one of the near death experiences who tend to become rather psychic afterward?!



https://www.youtube.com/watch?v=hjmZj4ItvJk

Sid Roth with guest Shane Warren - America's Future

 

Nope.. that's NOT what I mean.. They are selling more oil and gas to Europe, China and Asia in general.

 

Interesting!!!!!!!!!!!!

And so whatever is done to deal with our staggering national debt will tend to make that trend continue and increase.

 

The entire world is heading into a recession. Gold isn't going to save you.

 

God can and does assist groups of people to cooperate with each other.

Having some basics in common with that group can make it so much easier to join and stay with a group........ in spite of the flaws in the particular group dynamic of that group.

Somebody who is extremely individualistic may have some real problems adapting to the future.


http://www.near-death.com/andreason.html#a12

 

I believe the world economy is already in a recession.

 

My apologies.... I read that wrong before replying last time..... I agree..... gold and silver will not save people.

 

Parts of it. They are going to drag us backwards into for a lot of reasons, not the least of which is we have so many dollars invested in the EZ and Asia, and they never dealt with their bad debt issues loading down banks in Europe. I definitely wouldn't recommend buying any stocks with greater than 20:1 PE's in the next couple years until we are at the bottom of it.

 

Gold and silver will holds it's value better than any paper currency in bad economic times. And they are both universal.

 

Yes..... for a number of reasons gold and silver do seem to hold their value but personally...… I believe that land within fifty miles of a major city may go through price increases over the next few decades that is even higher than the increases in the value of gold or silver.

The time is coming when people will again make the connection between land....... and the ability to grow a garden.... and be financially independent.



http://www.near-death.com/storm.html#a04

...............

 

LOLOL.. Try paying your bills with gold and silver.. They delays in transport and delivery would be problematic.. The interest on the delay would eat you alive.

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Plants now grow on prayer?

 

http://en.ria.ru/analysis/20140730/...-With-Russia-to-Prevent-Global-Sundering.html

MOSCOW, July 30 (RIA Novosti) – The European Union is making a mistake in jeopardizing its ties with Russia through stiffer sanctions at a time when the crisis-plagued global economy is about to be hacked into chunks along geopolitical lines, according to renowned French economist Jacques Sapir.

“Our nations should cooperate with emerging economies and Russia, rather than invent pretexts for fighting them,” Sapir said in an interview with International Information Agency Rossiya Segodnya.

The economic pundit stressed that the European Union has been plunged into a profound crisis that reflects a general tendency toward disintegration, which is now tearing the world asunder.

“It’s becoming all too clear now that there’s no real unity in Europe and that the European Union is going through an exceptionally deep crisis. A new round of financial crises began about two to three weeks ago when Portugal entered a serious banking crisis that will spill into the European Union and Eurozone in a few weeks,” Sapir warned.

The French economist said another round of global “defragmentation” is underway, and it could split the world into several EU-type “mega-regions” with their own currencies, regulations and financial institutions.

“Today we are witnessing a second round of global defragmentation, although I believe the very idea of a unified world without any rough edges was nothing but a mirage,” Sapir said.

“The current defragmentation of the world has been caused by emerging economies and America’s political shortcomings,” Sapir added referencing a US lawsuit against Paris-based BNP Paribas that put European regulators in a flutter over potentially massive US fines.

According to the financial analyst, the recent move of the world’s leading emerging economies, the BRICS – Brazil, Russia, India, China, and South Africa, to set up their own emergency reserve fund and a development bank in a bid to free themselves from western dominance could further alter the global economic establishment.

“If these nations succeed in creating their own alternative to the dollar, the setup will definitely begin to change. One of the theories predicts US isolation and the rise of its own union with Canada and Mexico,” Sapir said describing a hypothetical North American monetary union, also known as NAU.

The NAU, an economic and monetary pact between the United States, Canada and Mexico, envisions the three nations giving up their currencies in favor of a single one, most often referred to as the “amero.”

“But the main question is how long it is until the US dollar stops being the global reserve currency,” Sapir pointed out.

Many experts have been speculating that only 10 percent of US dollars in circulation are “backed” by gold as a result of a series of economic measures taken by the Nixon administration as far back as in 1973. Since that time, the dollar has not been pegged to gold, the pundit said, adding that US military might has today replaced gold as the main guarantee of its value.

 

The sanctions are having the possibly unintended consequence of accelerating the move away from the dollar.

~~~~~~~~~~~~~~~
Russian mobile network MegaFon has decided to place 40 percent of its cash in Hong Kong dollars to diversify and de-dollarize. The move is also a preventative move to protect against Western-led sanctions.

Dollar-based assets are a risk for the company, Chief Financial Officer Gevork Vermishyan told Bloomberg News in a phone interview.

Hong Kong offers a simple alternative to the US dollar since the Hong Kong dollar has been pegged to the US currency since 1983. Its value mirrors the US dollar, and has never fluctuated beyond 1 percent above or below the US currency.

The rest of the company’s cash is kept in rubles, according to Vermishyan. As of June 30, MegaFon had $1.3 billion in cash and cash equivalents.

MegaFon is owned by Russia’s richest man Alisher Usmanov, and has an estimated value is $6 billion.

One of Russia’s largest mobile carriers, MegaFon previously kept its foreign holdings in US dollars and euros, according to the company. It is working to lessen its dependence on foreign currency, Vermishyan said.

“Keeping money in Hong Kong dollars is essentially equivalent to keeping it in US dollars because of the currency peg,” Vladimir Osakovsky, chief economist for Russia and the CIS at Bank of America Corp in Moscow, told Bloomberg.

To date, MegaFon hasn’t been put on the US or EU sanctions list, but the company says it is “well-prepared” for any adversity the sanctions may bring.

 

It will be very bad for the Fed and for the United States national debt ...

 

It's that military might and the chaos it has caused in the world that Russia would like to destroy, and to do it Russia would have to stop the dollar printing press. I read today that India and Russia will be trading in rubles instead of dollars.

 

I should be very, very worried, but our foreign policy frustrates me no end.

 

Russia and China too.

 

845. Another way to weaken the Euro (7/21/2014)

The energy supply of Europe is heavily dependent on Russia. About one third to 40% of its natural gas and oil are imported from Russia. One important gas pipe is inside Ukraine. If there is a turmoil in Ukraine, the gas supply to Europe will be affected. The economy of Europe would be weakened, so be the Euro. That’s why we saw an upheaval in Ukraine.

Here EU used to be a follower of the US. I think the Europeans have sensed the coming danger the US will bring to them. German is a major power of EU. Recently, German has twice revealed two US spy cases and eventually expelled a CIA intelligence official. That’s unusual.

I would say German has sensed (or with its state ability, having the intelligence) that US would sacrifice European’s economy by creating a crisis in Europe. It could be terror attack; or war. The deportation of US intelligence official is just a warning or protest of disagreement. Several days later, Malaysia airliner MH17 was down in Ukraine.

 

Woog's...I appreciate reading posts from all sorts of media sources but anything coming out of Russia is Putin controlled and you know that.

Look.....the United States even with it's debt is just simply TOO BIG for Russia to take on in any way.

Certanly the Europeans are not going to screw around with their massive U.S. Trade Interests over Putin's stupidity and here is the real kicker....by 2025 both the United States and Canada will not only be completely energy self sufficient....but the U.S. will be the worlds LARGEST EXPORTER OF SHALE OIL AND WORLDS LARGEST EXPORTER OF COAL....and CANADA WILL BE THE WORLDS LARGEST EXPORTER OF SAND TAR OIL!!!

By the time Putin and Russia get thier S#!T TOGETHER....the world will no longer need that ol in Siberia as the U.S. has for a second time now demonstrated Low Temp.Fusion Energy Generation.

As far as U.S. Debt....the U.S. makes it's payments mostly to China....and let's say China does something stupid like attempt to Invade Taiwan.....First off...CHINA WOULD NEVER ATTEMPT TO DO THIS LIKE THEY CONSIDERED IN 2007!!!

WHY?

Well....in 2007 the reason was and still is....because the PLN and PLA have such poor Force Projection Capability....the massive U.S. Pacific Naval Fleets and especially U.S. Subs along with the U.S. Air Force and help from Taiwan....would blow every Chinese Troop Carrier Ship out of the water well before it came even CLOSE to getting to Taiwans shoreline.

Now in 2014....this Military issue is still the same...but even worse for China....the U.S. could stop all loan payments and stop all incomming trade as Chinese Exports would no longer be allowed into the Massive U.S. Markets and what China makes ans sends us in nothing we really need.

China DOES need U.S. Navy Protection for it's Oil Tankers.

China knows....Debt is only a sucessful tool if you can FORCE the one owing the debt to pay.

China cannot force the U.S. to do anything.

Russia....we have been spending Hundreds of Billions upon helping the Russian Economy become stable as it is in our National Interest.

We really don'twant to place sanctions on Russia because we know they are hurting the average Russian....but Putin thinks todays Russian's will sacrifice like the Russian'sof WWII....he is SORELY MISTAKEN!!!

AboveAlpha

 

Euros.