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Putin says dump the dollar !
Looks like a currency war is coming!
serf
https://www.rt.com/business/313967-putin-says-dump-dollar/
In 2014, the Russian Central Bank and the People's Bank of China signed a three-year currency swap agreement, worth 150 billion yuan (around $23.5 billion), thus boosting financial cooperation between the two countries.
It's now up to the State Duma, Russia's lower house of parliament, to ratify the president's bill to become law.
serf
https://www.rt.com/business/313967-putin-says-dump-dollar/
In 2014, the Russian Central Bank and the People's Bank of China signed a three-year currency swap agreement, worth 150 billion yuan (around $23.5 billion), thus boosting financial cooperation between the two countries.
It's now up to the State Duma, Russia's lower house of parliament, to ratify the president's bill to become law.
Comments
Not a fan of Obama, but Putin is tanking his economy in a way that makes Obama look like Adam Smith.
Yeah but that World War soon to happen in Syria should pay for it![:o)]
serf
http://www.hangthebankers.com/world-war-3-why-russia-and-syria-are-being-targeted/
But why would this pipeline dispute put Syria in Washington's cross hairs? Three reasons:
1. This pipeline arrangement would significantly strengthen Iran's position, allowing them to export to European markets without having to pass through any of Washington's allies. This obviously reduces the U.S. government's leverage.
2. Syria is Iran's closest ally. It's collapse would inherently weaken Iran.
3. Syria and Iran have a mutual defense agreement, and a U.S. intervention in Syria could open the door to open conflict with Iran.
In February of 2014 this global chess game heated up in a new venue: Ukraine. The real target however was Russia.
You see Russia just happens to be the worlds second largest oil exporter, and not only have they been a thorn in Washington's side diplomatically, but they also opened an energy bourse in 2008, with sales denominated in Rubles and gold. This project had been in the works since 2006. They have also been working with China to pull off of the dollar in all of their bilateral trade.
Russia has also been in the process of organizing a Eurasian Economic Union which includes plans to adopt common currency unit, and which is slated to have its own independent energy market.
Not a fan of Obama, but Putin is tanking his economy in a way that makes Obama look like Adam Smith.
We would trade debts with them in a heartbeat. No way Putin's put them 19 trillion dollars in debt like Obama has here. Putin has not spent more money than ALL the other leaders of Russia put together like Obama has either.
I wish Putin would run for POTUS....[8D]
If the choice was between him or Obama I'd vote for him. Hitler or Stalin or any of them would be better than the SOB we have now.