Russia prepares to attack the petrodollar

Discussion in 'Markets & Economies' started by BullionDollarMan, Apr 10, 2014.

  1. Pirocco

    Pirocco Well-Known Member

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    I don't look at a crisis as an opportunity, maybe that's why I don't search for it in every corner too.
     
  2. Pirocco

    Pirocco Well-Known Member

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    Then BRICS people have no dollars to buy foreign stuff with?
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    I personally think China and Russia will shop their dollars away. They can't sell them in huge chunks, because that would bring the price down, but they can certainly use it for investing.

    Nowadays less and less are accepting US dollars, so it will be harder and harder to use up the dollars.

    I suppose 3rd World countries will continue accepting US dollars for a long time. The poor fellow will probably remain with big stacks of dollars by the time it'll be worth the paper it's printed on or/not printed on.
     
  4. tolly_67

    tolly_67 Well-Known Member

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    Capital will always flee conflict to the furtherest safe place.
    Since the moon does not have a currency or a stockmarket, the U.S. is the next best thing.
    It is also the one most likely to boom because of the conflict.
    Keeping writing off the dollar at your own peril.
     
  5. alor

    alor Well-Known Member Silver Stacker

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    on the surface, nothing change really, but people who went into the bankrupt stocks, they were never heard of again. Some money were lost there, some many just change hands :) but for an opportunists, there are money everywhere.
     
  6. Pirocco

    Pirocco Well-Known Member

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    As the figures indicate, they don't shop their dollars way, rather the contrary.
    And this just once again confirms that despite all the blabla, all those governments nicely work together. Regardless the stories that pop up and go around to disappear again.
    And that has a simple reason: it was their very goal to join. That's how you neutralize speculators money: give them the idea of conflict as to lure them in a trend after a swap, then bring them in the red by reversing the swap, then repeat.
    This technique has been given various names in history.
    "Snake in the tunnel" is one of them. Look it up.
    Some years ago I came across the terminology in an old book.
    It turnt out to be a magnificent search string. And it's where it all starts for them.
    The Single Market doctrine.
    Insert killing competition for private sector, as to weed a many small ones out towards a few big ones, privilege and bail those out, make them run in governments errand.
    Destroy competition for public sector along price agreements (read: "tax harmonisation") and systemwide cooperation in eliminating tax evasion.
    Start getting the picture?
    It's easy to foresee where this doctrine leads to.
    Focuses, including this dollar one, will turn out as having been useless.
     
  7. Pirocco

    Pirocco Well-Known Member

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    If nothing changes on the surface then it means that what happens under it is irrelevant.
     
  8. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    how ironic............ in the eyes of many from the US, the BRIC nations are supposedly "3rd World countries". :)
     

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