Russia and China going back to gold standard and bypassing US Dollar

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Russia and China going back to gold standard and bypassing US Dollar

Post by Tommy Monk on Sun Apr 09, 2017 1:26 pm

http://inflation.us/putin-preparing-for-russian-gold-standard/


http://www.zerohedge.com/news/2017-04-01/moscow-and-beijing-join-forces-bypass-us-dollar-global-markets-shift-gold-standard


Maybe this is really what all hostile rhetoric from America is all about...?


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Re: Russia and China going back to gold standard and bypassing US Dollar

Post by Original Quill on Sun Apr 09, 2017 5:12 pm

Tommy Monk wrote:http://inflation.us/putin-preparing-for-russian-gold-standard/

http://www.zerohedge.com/news/2017-04-01/moscow-and-beijing-join-forces-bypass-us-dollar-global-markets-shift-gold-standard

Maybe this is really what all hostile rhetoric from America is all about...?

What hostile rhetoric?

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Re: Russia and China going back to gold standard and bypassing US Dollar

Post by WhoseYourWolfie on Sun Apr 09, 2017 5:45 pm



Bully for Russia and China...

Who cares what a bunch of far_right nutjobs are blubbering about on the world-whacky-web..

The simple fact is that most international money markets have been drifting away from both the US dollar and the old "gold standard" exchange rate thingies -- with a "balanced basket" of international currencies (weighted as to each country's respective importance to international trade..) gradually taking prominence.

As for Russia and China, those two have only had official exchange rates come into force over recent years.. Previously, they had to convert their local currencies into the value of internationally traded commodities (e.g. gold bullion, petroleum, mineral ores, gas, potatoes, vodka..) usually expressed in $$US$$, and then back into their trading partners' respective currencies.. With more room for horse-trading and negotiations, that old system often meant a more variable and shaky "unofficial exchange rate" -- effectively a more unreliable bartering system, which usually favours buyers over sellers in "open markets" where there are several suppliers available...

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Re: Russia and China going back to gold standard and bypassing US Dollar

Post by Tommy Monk on Thu Apr 13, 2017 8:50 pm

Original Quill wrote:
Tommy Monk wrote:http://inflation.us/putin-preparing-for-russian-gold-standard/

http://www.zerohedge.com/news/2017-04-01/moscow-and-beijing-join-forces-bypass-us-dollar-global-markets-shift-gold-standard

Maybe this is really what all hostile rhetoric from America is all about...?

What hostile rhetoric?


Well... here's an example...


A group of islamist scum hijacked a school in Beslan in 2004... they held the children and staff hostage for 3 days while carrying out horrific systematic rape/torture/brutality and murder onto the children and staff over 3 days...


There were only ever one lot of people who were to blame for it all... and that was the evil Islamist scum who carried out the attack...


Until now that is...


Here is the news today...


Apparently it was Russia's fault...


http://www.bbc.co.uk/news/world-europe-39586814


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