Russia signs deals with China to help weather sanctions

[gotbeer]

Russia signs deals with China to help weather sanctions

 

Well, those sanctions might backfire tremendously.  

[nate]

Damn.  We should just bomb them.

[TobiasFunke]

Pump the brakes Nate, they don't have oil. Just a bunch of cheap plastic toys ready to ship over here for Christmas.

[Thomas]

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.

[TobiasFunke]

We need to send in the Turkey Vulture in the Bald Eagle's place

 

[TobiasFunke]

You know how we always say, we need to be oil independent from the Middle East! But never do? They're actually trying to be America independent. Kudos to them for actually finding ways.

[nate]

China has boat loads of steel and Russia has boat loads of oil.  Sounds to me like they are ripe for freedom.

 

[Lhalo]

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.

 

[Tank]

i'n not sure i'd trust the quality of chinese steel anymore than i'd trust the quality of a pharmacy in mexico.

[nate]

i'n not sure i'd trust the quality of chinese steel anymore than i'd trust the quality of a pharmacy in mexico.

 

You trust it every day.  A large amount of the steel we use in the US comes from China.

[Thomas]

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.

 

[Tank]

You trust it every day.  A large amount of the steel we use in the US comes from China.

 

bummer. i'm now singing in my head "allentown" by billy joel.

Edited October 13, 2014 by Tank

[Taylor]

i'n not sure i'd trust the quality of chinese steel anymore than i'd trust the quality of a pharmacy in mexico.

 

Racist.

[Tank]

Did you get a little blue pill in Ensenada that didn't work, too?

 

uh, what happens in ensenada stays in ensenada.

 

 

p.s. i'm never taking pharmaceutical advice from you again.

[acro2008]

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.

[Angel Oracle]

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

[Tank]

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.

[Hollyw00d]

Hopefully they get that earthquake machine in Alaska fired up soon

[acro2008]

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. 

[Hollyw00d]

They claim it is a device that is used to communicate with submarines but who really knows

[tdawg87]

Did somesheeple say the word "HAARP"?

 

Wake. Up.