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Russia signs deals with China to help weather sanctions


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China needs energy. Russia has energy to sell. China offers hundreds of billions for it. Not sure how this would happened or not happened regardless of the sanctions. But it sounds good I guess to thumb their nose at the west.

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China needs energy. Russia has energy to sell. China offers hundreds of billions for it. Not sure how this would happened or not happened regardless of the sanctions. But it sounds good I guess to thumb their nose at the west.

 

You're missing the point.

 

"The 38 deals, signed on a visit to Moscow by Premier Li Keqiang, allow for deeper cooperation on energy and a currency swap worth 150 billion yuan ($25 billion) intended partly to reduce the sway of the U.S. dollar."

 

Russia and China are moving away from the U.S. dollar. Once the dollar is no longer the world's reserve currency we will not be able to just print money with little consequence.

 

20120103_jpm_reserve.png

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Many countries have been trying to do this for quite a while. 

http://www.businessinsider.com/the-media-wont-touch-this-story-about-the-end-of-the-us-dollar-2012-4

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

 

Just pointing out that the recent economic sanctions are essentially irrelevant to the overall story.

 

You're missing the point.

 

"The 38 deals, signed on a visit to Moscow by Premier Li Keqiang, allow for deeper cooperation on energy and a currency swap worth 150 billion yuan ($25 billion) intended partly to reduce the sway of the U.S. dollar."

 

Russia and China are moving away from the U.S. dollar. Once the dollar is no longer the world's reserve currency we will not be able to just print money with little consequence.

 

20120103_jpm_reserve.png

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It's going to be tough on the US economy to handle this "de-dollarization" if it worsens and it looks like it will.  Obviously, the printing of money with no backing to stimulate the economy caused inflation but much of the rest of the world was just as irresponsible, even Japan.  But now, With more countries opting out of the dollar it should result in even more dollars around the world eventually ending up in circulation at home creating even more inflation.  

 

Through the Bretton Woods ageement The IMF was supposed to make sure the Federal Reserve printed money with gold backing within the scope of peventing inflation.  Not only did they turn the other way  The Fed just simply went off the gold standard and told us all that it was a good thing.  IMO, it was just more cronyism corruption.  Despite the bulk of the world also  harboring economic concerns, the US seems to have painted itself into a corner. As the holder of the World reserve currency  we were to supposed to set the example.  

 

IMO, with many in the world wanting to move away from the dollar, we can only call for quantitive easing for so long without creating hyper-inflation.  The lowering of interest rates  did not stimulate the economy but may have prevented a depression  I could be wrong but I don't see any way out but to accept only a strictly regulated government printed money, as opposed to money matters done in secret.  This crap has been going on for too long and for the benefit of a few with not a peep from the media.

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Russia is hurting from oil losing 20% of its' value in the past 7 months (from $100/barrel down to $81/barrel).

 

no worries, mate. when we switch to winter blend, the price per gallon here will leapfrog 60 cents a gallon and we'll be able to help our friends in moscow.

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Hopefully they get that earthquake machine in Alaska fired up soon

 I was told the other day HAARP 'being down" is now just being used as a Red Herring, as there is a more powerful array up and running.  (LOL).  Kind of funny despite what one believes they use it for.  Dr. Nick Begich seems to be the foremost expert, at least that is willing to talk, on this device. His brother Mark is a Congressman and his dad died in a mysterious plane crash. 

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