important news: Putin flushes the US dollar

Discussion in 'Silver' started by centenario, Mar 31, 2014.

  1. centenario

    centenario New Member

    Joined:
    Jan 20, 2014
    Messages:
    72
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Spain and London
    centenario, Mar 31, 2014
    #1
  2. errol43

    errol43 New Member Silver Stacker

    Joined:
    Apr 13, 2010
    Messages:
    5,993
    Likes Received:
    15
    Trophy Points:
    3
    Location:
    Bundaberg
    Interesting. :) How will the markets react?

    Regards Errol 43
     
    errol43, Mar 31, 2014
    #2
  3. centenario

    centenario New Member

    Joined:
    Jan 20, 2014
    Messages:
    72
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Spain and London
    well i don't think they will react instantly it's more of a long term reaction but certainly Russia is aiming to really hurt the US dollar
     
    centenario, Mar 31, 2014
    #3
  4. motorbikez

    motorbikez Member Silver Stacker

    Joined:
    Jul 27, 2013
    Messages:
    787
    Likes Received:
    12
    Trophy Points:
    18
    Location:
    United Kingdom
    The rouble has actually fallen slightly against the US dollar over the last 12 hours and over the last month has fallen without splitting hairs nearly 5%

    But this is interesting nonetheless , a lot of countries are by passing the US dollar for doing major commodity trades including the UK.
     
    motorbikez, Mar 31, 2014
    #4
  5. Rinchin

    Rinchin New Member

    Joined:
    May 15, 2011
    Messages:
    420
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    New Zealand
    IMO This is the beginning. Yes the rouble will fall against the UDS following this announcement - the US financial system still has lots of strings to pull and they will have had a major fright that this has begun. They will be in fight or flight mode, the question is can they divide those external powers? If Russia and China can work together on ousting the USD its a done deal. If they enter into their own power struggles over control of international trade the US has a chance to keep their ponzi ship afloat.
     
    Rinchin, Apr 1, 2014
    #5
  6. tolly_67

    tolly_67 Well-Known Member

    Joined:
    May 17, 2010
    Messages:
    1,826
    Likes Received:
    84
    Trophy Points:
    63
    Ho hum......not really news....perhaps they could organise to buy and sell oil and gas with turds instead ....a lot more reliable than the Rouble...and not controlled by gangsters....etc etc.
    If you think this will have an impact on the u.s. Dollar then you have been smoking toooo much whoopie weed.
    Depth baby depth.
    The rouble is but a pond compared to the ocean of depth in the u.s. Dollar.
    Who really wants to trade in rouble?
     
    tolly_67, Apr 3, 2014
    #6
  7. menotcrimex

    menotcrimex Member Silver Stacker

    Joined:
    Feb 20, 2013
    Messages:
    689
    Likes Received:
    1
    Trophy Points:
    16
    I've touched on geopolitical differences here before.

    This is not good news for the dollar and may prove positive for gold and silver in the not so distant future.

    Time will tell....it always does (-;
     
    menotcrimex, Apr 3, 2014
    #7

Share This Page