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Russian Stocks, Ruble, Rally on New Sanctions
04-29-2014, 06:01 PM #16
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
You know what this is Unique? It's an all out balls-to-the-wall currency war. It isn't about Ukraine at all. And NATO can't leave well enough alone.

13.gif just my 2c
04-29-2014, 06:04 PM #17
UniqueStranger Art in my heart
Posts:14,881 Threads:420 Joined:Jun 2012
(04-29-2014, 06:01 PM)Shadow Wrote:  You know what this is Unique? It's an all out balls-to-the-wall currency war. It isn't about Ukraine at all. And NATO can't leave well enough alone.

13.gif just my 2c

Yes, I agree, but is it better than boots on the ground? Or is that to come next as a natural result?
04-29-2014, 06:05 PM #18
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
I suggested the US wouldn't start WWIII over Ukraine but they may just, over the fossil dollar.
04-29-2014, 06:15 PM #19
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(04-29-2014, 06:04 PM)UniqueStranger Wrote:  Yes, I agree, but is it better than boots on the ground? Or is that to come next as a natural result?

In 1969 the IMF introduced the SDR Special drawing rights. I don't know if it was intended as a currency, but it does have to be changed into currency before it can be utilized. The US's problem is more and more countries are bypassing the US$ so monetizing the debt becomes harder and harder. One SDR = one gram of gold.

Don't know where I'm going with this... 13.gif
04-29-2014, 06:26 PM #20
UniqueStranger Art in my heart
Posts:14,881 Threads:420 Joined:Jun 2012
(04-29-2014, 06:15 PM)Shadow Wrote:  
(04-29-2014, 06:04 PM)UniqueStranger Wrote:  Yes, I agree, but is it better than boots on the ground? Or is that to come next as a natural result?

In 1969 the IMF introduced the SDR Special drawing rights. I don't know if it was intended as a currency, but it does have to be changed into currency before it can be utilized. The US's problem is more and more countries are bypassing the US$ so monetizing the debt becomes harder and harder. One SDR = one gram of gold.

Don't know where I'm going with this... 13.gif

But, it seems the US & EU are targetting oil exports. I too am not a financial wiz, so it gets muddy for me in that area. If China does not pick up the oil export loss, then Russia should feel the pain.
04-29-2014, 06:42 PM #21
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(04-29-2014, 06:26 PM)UniqueStranger Wrote:  But, it seems the US & EU are targetting oil exports. I too am not a financial wiz, so it gets muddy for me in that area. If China does not pick up the oil export loss, then Russia should feel the pain.

They are, interrupting shipments from Russia to the EU is their wet dream. They don't want Russia to have that market. But Putin has agreement from energy scarce China and India, in fact a $30billion pipeline agreement.
http://www.globalresearch.ca/30-billion-...na/5378160

It wouldn't be an issue if the energy were sold in US$, but it will be a basket of currencies that does not include the US$. And the USA has no alternative currency much as they would like to inflate and pay off $17 trillion in debt with worthless 0010111000011100

See... the debt the US owes the world is US$ denominated. The debt the world owes the US is foreign currency denominated. Why is clear, the US sells their $s for foreign currency. Currently it's worth something but when energy is traded in rubles or renminbi or euros, the mainstay of the US economy is gone. Then the US has to buy foreign currency with constantly depreciating $s.

Energy is currency but without a market, it's worthless. What happened to Iraq when they bypassed the petrodollar in 2003? Or Libya in 2011? Only Russia isn't Iraq. Or Libya.
04-29-2014, 06:51 PM #22
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
I don't know what options the US has at this point, when their own foreign policy has been to drive the USA into incredible debt and many wars, over maintaining the petro dollar hegemony. When 1/3 of the planet is no longer buying US$s to trade energy, when the jobs have been outsourced, when Fascism or Corporatism has destroyed the economy, what options are left? Desperation and quite possibly that old pick-me-up, war. Not 'police action' but war.

13.gif damned.gif
04-29-2014, 07:22 PM #23
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
(04-29-2014, 06:05 PM)Shadow Wrote:  I suggested the US wouldn't start WWIII over Ukraine but they may just, over the fossil dollar.

lol.gif @ fossil dollar. I think they may play army men over the Jurassic Fiat, lord knows that was the motivation behind every act of aggression at home and abroad since that convenient "excuse" for ignoring international law and fostering security at gunpoint at home happened back in 2001.
I would hope they don't... but, they ALWAYS do what hurts the common man the most.

wonder.gif
04-29-2014, 08:01 PM #24
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(04-29-2014, 07:22 PM)JayRodney Wrote:  they ALWAYS do what hurts the common man the most.

They always do what benefits them the most, the common man is collateral damage. Insignificant.



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