Russia & China bypass USD | Bitcointalksearch.org

Nerazzura

sr. member

Activity: 378

Merit: 250

Quote from: bryant.coleman on May 24, 2014, 10:39:00 AM

In the immediate future, the exchange rate of Bitcoin can increase as a result of this. (The value of the USD will decline, as the trade volume is lowered. And proportionally, the BTC vs USD exchange rate will increase).

hopefully it will actually happen. Can you give details or reasons why you talk like that, friend

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: onlyu on June 25, 2014, 11:36:44 PM

Quote from: Harley997 on June 25, 2014, 11:33:36 PM

Quote from: okthen on June 22, 2014, 08:46:43 PM

Quote from: DubFX on June 22, 2014, 09:59:25 AM

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

This is good advice to anyone.
However, the euro seems to be walking down the same path...

The Euro is much worse off. The EU will always need to support it's weaker member countries, while the US has massive taxing and borrowing capabilities.

Reason why EU should just kick out the weak member countries.

The EU kicking out weaker member countries would mean the end of the Euro as all countries will eventually go through their own downturns.

deftonikus

member

Activity: 75

Merit: 10

Russia is working on creating an economical block that could compete with transantantic aliance. I think first Putin will try to get together Asia and then join it with South America, which is notoriously against US policies. There are actually many educated people like professors, economists and sociologist that predicts, shift of world influence from West to East.

Fun fact: Most famous and respected fortunetellers predicted Russia/Asia to be main force in world of 21 century.

We live in intereting times.

smashingpumpkin

newbie

Activity: 53

Merit: 0

Quote from: onlyu on June 25, 2014, 11:36:44 PM

Reason why EU should just kick out the weak member countries.

Meanwhile they seem like they are willing to accept one more country, which is more messed up than the most possibly messed up EU country.

Kprawn

legendary

Activity: 1904

Merit: 1074

It's scary how much of the USA is owned by foreign countries. They have too much invested in the USA to start a war.

But wars help unemployment and create markets for goods, e.g. Tanks, jets .... So who knows why decisions are made these days.

Thing is, people suffer and get killed for mostly wrong reasons, but sometimes it's a neccesarry evil to defeat evil.

ShakyhandsBTCer

sr. member

Activity: 448

Merit: 250

It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: onlyu on June 25, 2014, 11:36:44 PM

Quote from: Harley997 on June 25, 2014, 11:33:36 PM

Quote from: okthen on June 22, 2014, 08:46:43 PM

Quote from: DubFX on June 22, 2014, 09:59:25 AM

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

This is good advice to anyone.
However, the euro seems to be walking down the same path...

The Euro is much worse off. The EU will always need to support it's weaker member countries, while the US has massive taxing and borrowing capabilities.

Reason why EU should just kick out the weak member countries.

This would threaten the EU as being an ongoing concern. Many countries experience economic recession and this will not necessarily happen at the same time as the rest of the EU.

onlyu

full member

Activity: 165

Merit: 100

Quote from: Harley997 on June 25, 2014, 11:33:36 PM

Quote from: okthen on June 22, 2014, 08:46:43 PM

Quote from: DubFX on June 22, 2014, 09:59:25 AM

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

This is good advice to anyone.
However, the euro seems to be walking down the same path...

The Euro is much worse off. The EU will always need to support it's weaker member countries, while the US has massive taxing and borrowing capabilities.

Reason why EU should just kick out the weak member countries.

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: okthen on June 22, 2014, 08:46:43 PM

Quote from: DubFX on June 22, 2014, 09:59:25 AM

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

This is good advice to anyone.
However, the euro seems to be walking down the same path...

The Euro is much worse off. The EU will always need to support it's weaker member countries, while the US has massive taxing and borrowing capabilities.

ShakyhandsBTCer

sr. member

Activity: 448

Merit: 250

It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: IIOII on June 22, 2014, 09:56:44 AM

Quote from: ShakyhandsBTCer on June 14, 2014, 07:15:56 PM

Quote from: waldox on May 27, 2014, 01:14:07 PM

Quote from: DustyRah on May 25, 2014, 06:22:20 PM

Quote from: TaunSew on May 25, 2014, 02:05:54 PM

US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.

US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.

USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it?

There is just no reason to fight like a fool is the point when there is no need to.

USA are in syria, iraq, libya, and not in north korea, is because of oil

venuezla, and iran are next they have lots of oil too

The vast majority of wars are based on oil.

Almost all wars in history were based on competition over resources of some kind.

I agree that US empire has reached its climax and is now collapsing. The US have made far too many enemies through their aggressive "foreign policy".

Unfortunately new empires will emerge - hopefully less powerfull ones that will have to respect the rights of weaker nations to a greater extend than the US.

The US empire is collapsing because of the fact that we have a president that doesn't have a clue what it is doing in relation to foreign policy (among other things).

I would disagree that the US has made too many enemies. Several democracies have been formed shortly after Bush left office (as a result in the wars in Iraq and Afghanistan, but IMO mostly Iraq). We have used our "big sward" to police the world and help countries in need (when they have no way of returning the favor).

okthen

hero member

Activity: 490

Merit: 500

Quote from: DubFX on June 22, 2014, 09:59:25 AM

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

This is good advice to anyone.
However, the euro seems to be walking down the same path...

peeveepee

full member

Activity: 211

Merit: 100

Quote from: bryant.coleman on June 22, 2014, 11:37:19 AM

Quote from: DubFX on June 22, 2014, 09:59:25 AM

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

True. Also, no one should store massive amounts of USD in their savings accounts. It is losing value everyday. One more major war (Iram may be?) and the US Dollar will become even more worthless than the toilet paper.

Not true.

The cost of Iran war will most likely less than the resources get back in return.

scryptasicminer

full member

Activity: 213

Merit: 100

Quote from: ShakyhandsBTCer on June 21, 2014, 04:30:08 PM

Quote from: PolarPoint on June 21, 2014, 03:46:47 PM

The US cannot afford to go to war with China. China is the number one investor of US treasuries. If China stops buying, yield will rise. It would be more costly for the US to borrow for financing government.

I don't think China would stop buying US treasuries and/or sell off their treasury holdings, they would stand to lose to much if they did.

They can hedge the dollar depreciation/collapse by buying and locking in long term contract on foreign resources.

US has much more to lose if any foreign country refuse to accept dollar. The reason why there is so many on going conflict going on right now around the globe.

In essence, you can say US is doing China dirty work by invading another country for resources. But doing so only strengthen the dollar and benefiting country with high USD reserve and US is getting all the blame.

pening

sr. member

Activity: 245

Merit: 250

Quote from: zimmah on June 22, 2014, 08:13:21 AM

Quote from: pening on May 24, 2014, 03:30:31 PM

Quote from: Ron~Popeil on May 24, 2014, 01:12:01 AM

The last two countries to try this were Iraq and Libya.

This is tired old myth. Countries and companies deal in oil and gas using non-dollar currency all the time. Just because its booked in accounts as $ doesn't mean $ where used for the trade.

but it does strengthen the dollar, and that's what's important.

countries are revolting against the dollar monopoly and USA can't keep them down anymore.

It doesn't strengthen anything unless there is a trade in $ that requires $ to be acquired. If you are just booking the value to the days $/Currency x rate, there is no impact on either currency. There are billions traded in products from toys to pharmaceuticals to and from the US and across the globe, far greater than the oil value. billions more in $ denominated bonds stocks and simple currency speculation.

bryant.coleman

legendary

Activity: 3752

Merit: 1217

Quote from: DubFX on June 22, 2014, 09:59:25 AM

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

True. Also, no one should store massive amounts of USD in their savings accounts. It is losing value everyday. One more major war (Iram may be?) and the US Dollar will become even more worthless than the toilet paper.

IIOII

legendary

Activity: 1153

Merit: 1012

Quote from: DubFX on June 22, 2014, 09:59:25 AM

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

Many countries already would have done this, if there wasn't a huge pressure to avoid such steps. US military power prevented such initiatives successfully for decades.

Now, with US overloaded with debt and China and Russia leading the way, acceptance of USD as trade currency will erode quickly.

DubFX

sr. member

Activity: 434

Merit: 250

In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.

IIOII

legendary

Activity: 1153

Merit: 1012

Quote from: ShakyhandsBTCer on June 14, 2014, 07:15:56 PM

Quote from: waldox on May 27, 2014, 01:14:07 PM

Quote from: DustyRah on May 25, 2014, 06:22:20 PM

Quote from: TaunSew on May 25, 2014, 02:05:54 PM

US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.

US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.

USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it?

There is just no reason to fight like a fool is the point when there is no need to.

USA are in syria, iraq, libya, and not in north korea, is because of oil

venuezla, and iran are next they have lots of oil too

The vast majority of wars are based on oil.

Almost all wars in history were based on competition over resources of some kind.

I agree that US empire has reached its climax and is now collapsing. The US have made far too many enemies through their aggressive "foreign policy".

Unfortunately new empires will emerge - hopefully less powerfull ones that will have to respect the rights of weaker nations to a greater extend than the US.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: pening on May 24, 2014, 03:30:31 PM

Quote from: Ron~Popeil on May 24, 2014, 01:12:01 AM

The last two countries to try this were Iraq and Libya.

This is tired old myth. Countries and companies deal in oil and gas using non-dollar currency all the time. Just because its booked in accounts as $ doesn't mean $ where used for the trade.

but it does strengthen the dollar, and that's what's important.

countries are revolting against the dollar monopoly and USA can't keep them down anymore.

ShakyhandsBTCer

sr. member

Activity: 448

Merit: 250

It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: PolarPoint on June 21, 2014, 03:46:47 PM

The US cannot afford to go to war with China. China is the number one investor of US treasuries. If China stops buying, yield will rise. It would be more costly for the US to borrow for financing government.

I don't think China would stop buying US treasuries and/or sell off their treasury holdings, they would stand to lose to much if they did.

PolarPoint

hero member

Activity: 672

Merit: 500

The US cannot afford to go to war with China. China is the number one investor of US treasuries. If China stops buying, yield will rise. It would be more costly for the US to borrow for financing government.

Topic: Russia & China bypass USD (Read 2959 times)