The game of the politicians always make us headaches, they can hit the economies of each other but the damage is still minded citizens of each country. Cryptocurrency can be a part of the cold war kept America and Russia .
Topic: Putin Ends US Dollar Trade At Russian Seaports (Read 407 times)
I think Russia and USA are playing games with us. Trying to make it seem like they are enemies to distract from the fact they hacked the election.
AFAIK democrats refused investigators access to DNC servers to do forensics work to determine where the leak came from. All available evidence points to Seth Rich who worked for the DNC leaking the data to wikileaks/Julian Assange. DNC servers weren't hacked from an outside source like russia, the data came from someone who had access to the servers, it was an inside job. Seth Rich was mysteriously shot in the back shortly after the leak. Julian Assange says he has data and can confirm it was Seth Rich who was the leaker but nothing has come of that as far as I know.
"Putin hacked the elections" is a CNN media fabrication that has no evidence to support it. That's why the media pushed that campaign for more than six months with nothing to show for it. That's the impression I get anyway. Feel free to agree/disagree.
It would have been better if you guys takes your discussion to the politics section of the forum so that it can be properly juxtaposed and discussed effectively whether its the right one or another of those conspiracy theories.
I dont see anything wrong in what the Russian Authorities are proposing because even the US government will not allow another currency to be used within its bother and for the US Dollar to be dominant till this time, then it shows they have been sleeping all along and that is why they can give sanctions that will be felt in Russia.
I feel by moral obligation is wrong for a foreign currency to be use for domestic transaction and even within the borders, it does not only discourage nationalism and patriotism but also make the domestic currency weaken because more of the local currency will be chasing foreign currency and that alone can cause instability.
If Putin really decided to leave USD for its national commerce, this can pave a way for cryptocurrencies to become the assets which can be used by the real sector icluding industry and ports.
It's good anyways.
Lol! Putin does not know how to pretend that it can do harm to America. Any decision does not bring harm to Americans. It will eventually turn against Russia. Russian ports will lose customers. The Russian economy is very dependent on imports and therefore without the dollar will come the collapse. Putin is out of his mind. He hits on a tank with a dagger.It's good anyways.
Agree with you,Putin is only showing strength to his people,imperialistic america and westerness sociaties are Russia enemys,nobody needs Russia ports,Russia will face serious economic problems as demand on oil will slow down,source of that news is not so much serious
Pretty much it already has established bases and ports in EU and Asia. Their having problems with the gas aswell, the balkan pipe route is facing a few problems here and there and as much as I've heard some time ago, EU is considering of stopping the import of natural gas from Russia.
In my humble opinion, proper way would be to establish BRICS common currency which would be used for international trade and as an equally used currency in domestic trading thus replacing the usd in those transactions. World was a better place when there was an equilibrium. When you have one side in power, it tends to abuse it for it's own good and that is never good for all the rest. Good example of this would be the recent development with the Nord stream 2 pipeline and US attempt to impose the sanctions on the involved parties.
If Putin really decided to leave USD for its national commerce, this can pave a way for cryptocurrencies to become the assets which can be used by the real sector icluding industry and ports.
It's good anyways.
Lol! Putin does not know how to pretend that it can do harm to America. Any decision does not bring harm to Americans. It will eventually turn against Russia. Russian ports will lose customers. The Russian economy is very dependent on imports and therefore without the dollar will come the collapse. Putin is out of his mind. He hits on a tank with a dagger.It's good anyways.
Agree with you,Putin is only showing strength to his people,imperialistic america and westerness sociaties are Russia enemys,nobody needs Russia ports,Russia will face serious economic problems as demand on oil will slow down,source of that news is not so much serious
Politicians are saying that the cold war is over, but in the fact it's just moved on another level and now it's is happening more intelligence and diplomatically. I think Americans will not delay to respond on such move from Putin's side and they will create something new to destroy him. But as Putin said: "On every action we have our rough resistance".
If trade in Russian seaports will move from US dollar to Bitcoin it is going to be like a big boom as for bitcoin as to whole economy, believe me
If trade in Russian seaports will move from US dollar to Bitcoin it is going to be like a big boom as for bitcoin as to whole economy, believe me
If Putin really decided to leave USD for its national commerce, this can pave a way for cryptocurrencies to become the assets which can be used by the real sector icluding industry and ports.
It's good anyways.
Lol! Putin does not know how to pretend that it can do harm to America. Any decision does not bring harm to Americans. It will eventually turn against Russia. Russian ports will lose customers. The Russian economy is very dependent on imports and therefore without the dollar will come the collapse. Putin is out of his mind. He hits on a tank with a dagger. It's good anyways.
Maybe he has some plan in integrating a cryptocurrency in the process? Next years will tell this, but this "cold wars" happening may make countries start thinking about cryptocurrencies, or develop their own. Or this can be some tactic for the rest of the countries, making a ilusion that they are in bad terms, and eventually they are not!
If Putin really decided to leave USD for its national commerce, this can pave a way for cryptocurrencies to become the assets which can be used by the real sector icluding industry and ports.
It's good anyways.
It is a good news if Russia will legalize bitcoin , leave USD and use as currency in the country. I think that's the time for bitcoin to pump. Bitcoin is prooved more resistant than fiat with no banks that control it. it is a new world for bitcoin community when there are many advance countries legalize bitcoin. It's good anyways.
Now this is getting interesting. It's not like America can suddenly invade Russia. The annexation of Crimea would make that a bit harder. I wonder what response America would have after this event. What trick would they use?
I think Russia and USA are playing games with us. Trying to make it seem like they are enemies to distract from the fact they hacked the election.
AFAIK democrats refused investigators access to DNC servers to do forensics work to determine where the leak came from. All available evidence points to Seth Rich who worked for the DNC leaking the data to wikileaks/Julian Assange. DNC servers weren't hacked from an outside source like russia, the data came from someone who had access to the servers, it was an inside job. Seth Rich was mysteriously shot in the back shortly after the leak. Julian Assange says he has data and can confirm it was Seth Rich who was the leaker but nothing has come of that as far as I know.
"Putin hacked the elections" is a CNN media fabrication that has no evidence to support it. That's why the media pushed that campaign for more than six months with nothing to show for it. That's the impression I get anyway. Feel free to agree/disagree.
I think Russia and USA are playing games with us. Trying to make it seem like they are enemies to distract from the fact they hacked the election. When people forget then they will resume "peaceful negotiations" as all of the hardcore opponents and protestors will be burnt out by that point.
If Putin really decided to leave USD for its national commerce, this can pave a way for cryptocurrencies to become the assets which can be used by the real sector icluding industry and ports.
It's good anyways.
It's good anyways.
Quote
(The American Vagabond) Whether in response to rising scorching tensions with the US, or simply to provide support for the ruble, on Tuesday Russian President Vladimir Putin instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, RT reported citing the Kremlin website.
The head of Russian antitrust watchdog FAS Igor Artemyev, many services in Russian seaports are still priced in US dollars, even though such ports are state-owned. So, in order to “protect the interests” of dockworkers and their complyees with foreign currency obligations, the government was instructed to set a transition period before switching to ruble settlements.
The proposal to switch port tariffs to rubles was first proposed by Putin a year and a half ago, but it was mothballed only to pick up speed again in recent days.
Originally, the idea was rejected by large transport companies, which said they prefer to keep revenues in dollars and other foreign currencies due to sharp fluctuations on the volatile ruble. However, the Russian anti-trust watchdog said the decision would force foreigners to buy Russian currency, which would stabilize rates and be good for the ruble.
In 2016, Artemyev’s agency filed several lawsuits against the largest Russian port group NMTP.
”According to FAS, the group of companies set tariffs for transshipment in dollars and raised tariffs from January 2015 “without objective grounds.”
The watchdog ruled that NMTP abused its dominant position in the market and imposed a 9.74 billion rubles fine, or about $165 million at the current exchange rate. The decision was overturned by a court in Moscow in July this year.
While Russia’s stated motive for the unexpected redenomination of trade at some of its largest trading hubs has to do with domestic economic policies, there is speculation that the timing of this decision has been influenced by the recent diplomatic fallout between the US and Russia, the result of which would be an heightened demand for the ruble, especially since it is rather complicated to find alternative sources for Russia’s largest export by a wide margin: crude.
And while it is still early to discuss whether Moscow has launched the “Petrorouble”, Putin’s rejection of the Petrodollar in yet another aspect of economic life will raise quite a few eyebrows around the globe.
The head of Russian antitrust watchdog FAS Igor Artemyev, many services in Russian seaports are still priced in US dollars, even though such ports are state-owned. So, in order to “protect the interests” of dockworkers and their complyees with foreign currency obligations, the government was instructed to set a transition period before switching to ruble settlements.
The proposal to switch port tariffs to rubles was first proposed by Putin a year and a half ago, but it was mothballed only to pick up speed again in recent days.
Originally, the idea was rejected by large transport companies, which said they prefer to keep revenues in dollars and other foreign currencies due to sharp fluctuations on the volatile ruble. However, the Russian anti-trust watchdog said the decision would force foreigners to buy Russian currency, which would stabilize rates and be good for the ruble.
In 2016, Artemyev’s agency filed several lawsuits against the largest Russian port group NMTP.
”According to FAS, the group of companies set tariffs for transshipment in dollars and raised tariffs from January 2015 “without objective grounds.”
The watchdog ruled that NMTP abused its dominant position in the market and imposed a 9.74 billion rubles fine, or about $165 million at the current exchange rate. The decision was overturned by a court in Moscow in July this year.
While Russia’s stated motive for the unexpected redenomination of trade at some of its largest trading hubs has to do with domestic economic policies, there is speculation that the timing of this decision has been influenced by the recent diplomatic fallout between the US and Russia, the result of which would be an heightened demand for the ruble, especially since it is rather complicated to find alternative sources for Russia’s largest export by a wide margin: crude.
And while it is still early to discuss whether Moscow has launched the “Petrorouble”, Putin’s rejection of the Petrodollar in yet another aspect of economic life will raise quite a few eyebrows around the globe.
http://anonymous-news.com/putin-ends-us-dollar-trade-at-russian-seaports/
Just one of many examples of the "petrodollar" being dropped in favor of de-dollarization policies internationally.
The united states economic attacks on russia may only succeed in forcing it to become stronger and more independent, while undermining confidence in the US on a world scale.
Years ago there was an attempt to ban russia from international bankers SWIFT(Society of World Interbank Financial Telecommunications) network which may have been the genesis of russia and many other nations building alternatives to SWIFT. Eventually it could result in SWIFT being dropped internationally. The invention of blockchain which allows for secure international transactions could make SWIFT obsolete altogether.
Putin dropping the us dollar at ports is only the latest in retaliation for US economic sanctions. It remains to be seen whether US economic attacks on russia will do more damage to the united states, than its intended target. War in the middle east which costs in excess of $6.5 trillion would appear more damaging economically to the USA than to anyone else. And so perhaps this trend of damaging US foreign policy will continue, and we will see the end of america as a superpower as it abuses its wealth and influence.
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