Topic: Russia Leaving Global Banking System: Dumping US Dollar for Gold (Read 1226 times)

Basically any country that is involved in either some sort of large treaty or union, or is a large trade member, that gets into financial trouble can severely impact absolutely everything, and Greece is a good example of what happens when a minor country part of a union gets into trouble. Mostly German banks (along with other EU member banks) were tied with a lot of Greek assets, and if Greece collapsed then everything else will just domino as banks lose the money they may or may not have had in the first place to loan to somewhere like Greece.

Peripheral countries default every now and then. Nothing changes. It is when a major country collapses (not necessarily the US) that a global crisis is triggered. Think Greece. A lot of banks had exposure to Greece. If Greece had not been bailed out, most global banks would have been in trouble.

Do you really think the USG will default before most of the rest of the world?  Really?

History (the best tool we have, not that good, but still...) suggests that when there huge crashes ( etc.) that it is usually the PERIPHERAL countries that suffer first.

Russia would be better off not holding dollar reserves if the US gov collapses.

It would be interesting to see what happens with billionaires and corporations stockpiling billions in us dollars if the dollar crashes.

Imagine a world where Bill Gates goes to sleep the richest man in the world one day & wakes up not very rich the next.

Do they realize the billions of dollars they're hoarding could be worthless if the gov defaults?

I wish most of the third world countries will follow what Putin is try to do.American enslaved others countries through their financial system. In my country you cannot buy a house or rent a shop in international mull without dollars and by buying assets in dollars my local currency is reduced to jock.

The term "BRIC" ("S" for South Africa was added later) was invented by a Goldman-Sachs banker, not by any of those countries...  

Here is one man's (not an expert) opinion of the "BRICS Bank", a little dated, but the fact that their "Bank" has not done much since their declaration speaks volumes as well:

http://robertmixblog.blogspot.com/2014/07/the-brics-bank-first-look.html

If the US collapses there will actually be more benefits for the Russians and the Chinese than there would be otherwise, especially when it comes to Russia's export market going in towards the EU. With the US no longer waging a war in the middle east would help Assad to try and maintain control over his country, and this would also prevent exports from the ME moving into the EU, specifically oil and natural gas. This means Russia maintains control over their gas export market, like Yakamoto said.
The Chinese would need to find new markets, but they also just became the biggest power in the world. They would have no hard time expanding to their heart's content, at least for a while.

If USA government collapse dollar Russians will have serious problems. Just check oil/$ index and you will understand what i am talking about

I like this part, an international bank mafia(central bank) is a cancer in every country. KUBA is only healthy country right now and it's free from the mafia bank.

But seems Russian is not interested in bitcoin regarding they're want to use SWIFT as an alternative way.


The bank will not officially be erased by the Russia.
They've turned into the SWIFT system, it's to throw the dollars to the trash.

Chinese will have cooperation with Russia about de-dollarization.

It's will be hurt for the international mafia bank regarding both are the super power countries.

I think the united states is the paper tiger.

America spends the most on "defense", but is so far in debt it can't afford war without bankrupting itself.

The idea of russia being weak seems like false propaganda.

Russia is said to have done 4 times more drone strikes against ISIS than the united states was responsible for. Their military technology is very good. Some of it could be better than the united states. They also are more efficient and can wage war at a lower cost than the united states can.

If the united states defaults, russia and china could invade france, the UK, sweden and europe & there would be nothing to stop them.

European countries are being occupied and destroyed by refugees, how would they handle a real army? They disarmed themselves, now they can't protect their homeland.

Thanks for the compliment.

While Russia may be overblown when it comes to their power and what their capabilities are, and it is dramatically overblown when you hear talk of the Russian boogeyman, they still have some capabilities and they definitely comprise a regional power, and a high-class one at that, for Europe. Eastern Euro countries do have something to be concerned about when it comes to potential invasion or proxy wars, anyways, but Russia is far from being able to launch an invasion of Europe. Most of Russia's power in Europe stems from their control on Natural gas and Oil (iirc) and, in the event, Syria falls to a US-backed government, they will lose that power as a pipeline will be built through Syria into Europe, breaking the near-monopoly.

I have to say there are some things I want to buy from Russia and it pisses me off slightly how I can't just use the conveniences that I have available for the west.

BRICS is probably more of a paper tiger than Russia. They tout it as some sort of impressive banking system, but they're all primarily poor-er export countries and can't do much internal trading. That's something they need to figure out. Get some consuming countries on board, and then they can really begin to build a new economic powerhouse. Until then, they mean little.

...

I would go with Pab, Yakamoto, MingLee and Lancusters.

I believe Russia's power is overblown by the MSM (they are not as powerful as the media portrays).  

They have many problems, and making it harder for the rest of the world (beyond the BRICS, who are not all that great trading partners for Russia).  Let me put it this way: Would any of you who wanted to import/export anything from Russia want to deal with a payment system outside of SWIFT?  (Ahh, me either)

That just seems like they want hurt themselves as they hurt (but not as much) the USA and Europe.

And the BRICS have little to complement each other -- their main reason for a weak unity is resentment of The West.

While the US is technically in worse shape, and to be completely honest they're far from being anywhere close to being "good", they still control the largest army with a lot of the major facilities required to fight anywhere in the world. They can still export a lot, and, if they can figure out how to fix their social programs and get their spending under control, they can start to make a lot of money and bring their debt down. Their economy does put out a huge amount of value. While it can take decades, if not maybe a hundred years or so, it would be possible for them to start paying it back.

Will that happen? We have no idea. Russia and China might be leaving the USD to try and weaken it and start trading independently of the US, but we have yet to see what they're going to make of it. Most of the world still trades with the USD and RU+CN still have to export somewhere.

If the US gov crashes, the value of the dollar will plummet.

Does anyone think china and russia are dumping the dollar, expecting the $20 trillion in debt US government to crash?

For those saying russia's economy is in bad shape.

Russia isn't $20 trillion in debt.

The united states could be worse off than russia is?

True/false?  

Well, if Russia thinks that they're going to be able to do well economically by leaving the dollar and moving to gold, maybe they'll be able to do something to fix their failing economy. It's a shame that they aren't really branching a lot of their industries out more, but at the same time the sanctions are making it difficult. Maybe opening up new markets through invasion of other countries is the plan Russia has?
If they start to tie together with China then there can be some considerable recovery for the Russian Ruble. For now, I don't see them being able to pull off some sort of radical recovery until they start to change their internals.

gold price is effect about dollar value
this now dollar value is down with all curency so not effect about rusian

This is the vibe I'm getting. The thing for anyone looking at this is that they have to remember Russia is still feeling the effects of communism, and it will take a lot time to fix everything that was broken in their country. Even if they start to export more, they're being squeezed by western countries and they don't really have many markets to export to. China makes their own stuff, and, in fact, a lot of the eastern countries aren't very large markets to make use of.

I'm not sure if this is going to go very well, but with the BRICS setup, there might be a bit more for them to work with. We'll see.

Russia is a bubble. As soon as they shut off the swift their already useless economy will collapse. They are now ready to grasp at any straw. Can even go for the legalization of bitcoin only to last a few years. All of their statements related to the fact that as sanctions for their aggressive politics, they threaten to turn off swift. They and the BRICs will not work.

Russia does want to control the people, but at the same time they also want people to support them as a whole when it comes to their struggling economy. If Russia and the US could strike a deal relating to all the conflicts they have at this moment in time, I'd expect Russia to have sanctions removed and for them to be able to thrive without these sanctions.

Russia isn't going to turn to Bitcoin though and I hope people on this forum don't get false hope just because of them not having financial prosperity, or any prosperity for that matter. They need to get to the state of having prosperity in their industry and get sanctions removed and such before leaving such a world event like the US Dollar is

We'll see though.

I read in an article:

Zionists of usury risk being faced with the greatest Jewish curse that exists. It will be proved that this century of absolute "success" was not "blessed" by God, as they believed themselves and those who watched them but "cursed". They were the "elect" of God, but not as they thought. God, because of their sick greed, was cursed to win ALL, to lose ALL. Just because we are talking about God, ALL means the whole world, and nothing could mean at best a single "kibbutz" bed in Israel.
When we see the descendants of Rothschild with property some onions in a "kibbutz", then the "curse" will be completed ...