Russia warns could 'reduce to zero' economic dependency on US
Posted by richrobinson 12 years, 2 months ago to Politics
I thought Obama and Kerry said stupid stuff. Russia may want to re-think this one.
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- 2Posted by Zenphamy 12 years, 2 months agoi understand that Russia and China at least have already been in discussions about preparing to move off of the dollar and trading directly with their own currencies. I think I heard today that Russia is already threatening to dump it's $137(?) billion in Treasuries.| Mark as read | Best of... | Permalink
- 1Posted by richrobinson 12 years, 2 months agoI think we are too inter dependent for Russia to seriously consider dumping our treasuries. Kind of like an economic nuke. I think that the long range goal is to go off the dollar and Obama would just let it happen.| Mark as read | Parent | Best of... | Permalink
- 2Posted by Zenphamy 12 years, 2 months agoYeah, he would.| Mark as read | Parent | Best of... | Permalink
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- 2Posted by lostsierra 12 years, 2 months agoThey can pull the rug out from under the dollar at their leisure. They sell oil, nat gas to Europe. All they have to do is demand gold or rubles, or yuan or Euros. Can be coordinated with China, India, Iran, Arabia, others, too. This has been coming for some time. Russia buys their own gold production from mines. Our buck is a debt-based, fiat scrap. Our gold is gone in the lease market to suppress gold market. Gone to China. Russia holds all the aces. Us - well, our account is stamped "Over Drawn."| Mark as read | Best of... | Permalink
- 2Posted by overmanwarrior 12 years, 2 months agoLike food.............time to call that bluff. I'm OK with letting them have "zero" dependency. No problem| Mark as read | Best of... | Permalink
