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Topic: Russia planning to push Dollar in crisis ? Chance for Bitcoin ? - page 3. (Read 4915 times)

legendary
Activity: 2226
Merit: 1052
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
Yes we had the cold war, however there was not actually any fighting directly between the US and Russia.

Putin is an old KGB agent though. Old habits die hard. I don't think he can do much more than saber rattle quite frankly. In a real shooting war with the west he would be way out gunned.
This may be true but Russia has a lot to lose and the chances of them loosing are greater now then in the cold war.

This is all about prediction. U never know what is actually happening deep inside China & Russia, because they are not so open like Western world.
China holds trillions of dollars and trillions more of other countries currencies. If China were to destroy the US dollar then they would lose money on those dollar investments.

In reality, dollar holding does not take place in a country's territory. It is shown on book. That is the reason US could freeze Putin's holding in swiss banks, because in reality the dollar is physically stored at US, where swiss bank cant do anything. They just need to erase Putin's holding from the book.

So, in short, China cant destroy USD directly like that. It is achieved through business and sanctions. And if Russia unites with China, US's business activity will surely take a hit.
member
Activity: 98
Merit: 10
★☆★Bitin.io★☆★
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
Yes we had the cold war, however there was not actually any fighting directly between the US and Russia.

Putin is an old KGB agent though. Old habits die hard. I don't think he can do much more than saber rattle quite frankly. In a real shooting war with the west he would be way out gunned.
This may be true but Russia has a lot to lose and the chances of them loosing are greater now then in the cold war.

This is all about prediction. U never know what is actually happening deep inside China & Russia, because they are not so open like Western world.
China holds trillions of dollars and trillions more of other countries currencies. If China were to destroy the US dollar then they would lose money on those dollar investments.

Yes, it is a bit like the old cold war mutually assured destruction doctrine. They need a healthy US dollar more than we do. Things could get ugly fast if we were to default.
sr. member
Activity: 406
Merit: 250
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
Yes we had the cold war, however there was not actually any fighting directly between the US and Russia.

Putin is an old KGB agent though. Old habits die hard. I don't think he can do much more than saber rattle quite frankly. In a real shooting war with the west he would be way out gunned.
This may be true but Russia has a lot to lose and the chances of them loosing are greater now then in the cold war.

This is all about prediction. U never know what is actually happening deep inside China & Russia, because they are not so open like Western world.
China holds trillions of dollars and trillions more of other countries currencies. If China were to destroy the US dollar then they would lose money on those dollar investments.
legendary
Activity: 2226
Merit: 1052
The Dollar crash has been looming for years and it will be ugly. Many people will suffer, so this is not something to look forward to, imo.
Chance for Bitcoin?
Yes, the fiat collapse will be huge for Bitcoin, but watch the price of BTC/Gold, since your fiat wealth will be an illusion.
Your fiat will be useless, might as well use it a paper for starting a fire.

This actually happened for the German currency after the war.



Source: http://www.silver-investor.com/charlessavoie/cs_july06_paperhangers.htm
legendary
Activity: 2674
Merit: 2965
Terminated.
The Dollar crash has been looming for years and it will be ugly. Many people will suffer, so this is not something to look forward to, imo.
Chance for Bitcoin?
Yes, the fiat collapse will be huge for Bitcoin, but watch the price of BTC/Gold, since your fiat wealth will be an illusion.
Your fiat will be useless, might as well use it a paper for starting a fire.
legendary
Activity: 2226
Merit: 1052
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
Yes we had the cold war, however there was not actually any fighting directly between the US and Russia.

Putin is an old KGB agent though. Old habits die hard. I don't think he can do much more than saber rattle quite frankly. In a real shooting war with the west he would be way out gunned.
This may be true but Russia has a lot to lose and the chances of them loosing are greater now then in the cold war.

This is all about prediction. U never know what is actually happening deep inside China & Russia, because they are not so open like Western world.
sr. member
Activity: 266
Merit: 250
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
Yes we had the cold war, however there was not actually any fighting directly between the US and Russia.

Putin is an old KGB agent though. Old habits die hard. I don't think he can do much more than saber rattle quite frankly. In a real shooting war with the west he would be way out gunned.
This may be true but Russia has a lot to lose and the chances of them loosing are greater now then in the cold war.
newbie
Activity: 25
Merit: 0
I don't know what everyone else will do but I'll be selling popcorn for bitcoin.
hero member
Activity: 756
Merit: 506
I don't see the whole currency war thing.  Since Nixon ended the gold standard, $Fiat already died long ago and it's been replaced by assets.  Very few people have more than 5 digit savings as they put all their money into housing and stocks.

If $USD is replaced by another currency it wouldn't impact assets much.  Look at Eastern European and Chinese real estate, their real estate prices rival or even exceed those of many American areas.  Changing the Petro Currency wouldn't change any of that.  

Technically if Petro Dollar died it wouldn't impact the elites or the asset holders much, but it would probably make life hard for the working poor with no assets and run away inflation would probably make them riot.  "When a man has nothing to lose - he loses it"

Most corporations have well over 5 figures in Fiat (usually fiat equivalents like very short term treasury bonds) to pay for operating expenses and when they cannot invest their money without taking on excess risk.

People should have at least 6 months of savings if they have a steady job or 2 years worth of savings if they are self employed or hold a non-steady job. Granted most people do not have this, but people that have the means do have this before investing a lot in other assets. 

Well corporations tend to be very massive entities, so naturally they would keep these sort of savings on hand, but I feel a corporation can react quicker to the demise of the $USD than ordinary middle and working class people who would be largely oblivious.

Corporations with short turnovers would be affected, like many food corporations have a turnover of weeks and thus a sudden loss of the petrodollar could force many businesses out of business..  but your typical big money entities like industry, IT, et cetera, would have plenty of time to adopt.

Honestly the only people who lose out in a real scenario of the end of $USD strength is the working class / non-asset class and the government / military (asset taxes would not make up for the loss in income tax when the currency drops).

legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
sr. member
Activity: 406
Merit: 250
I don't see the whole currency war thing.  Since Nixon ended the gold standard, $Fiat already died long ago and it's been replaced by assets.  Very few people have more than 5 digit savings as they put all their money into housing and stocks.

If $USD is replaced by another currency it wouldn't impact assets much.  Look at Eastern European and Chinese real estate, their real estate prices rival or even exceed those of many American areas.  Changing the Petro Currency wouldn't change any of that.  

Technically if Petro Dollar died it wouldn't impact the elites or the asset holders much, but it would probably make life hard for the working poor with no assets and run away inflation would probably make them riot.  "When a man has nothing to lose - he loses it"

Most corporations have well over 5 figures in Fiat (usually fiat equivalents like very short term treasury bonds) to pay for operating expenses and when they cannot invest their money without taking on excess risk.

People should have at least 6 months of savings if they have a steady job or 2 years worth of savings if they are self employed or hold a non-steady job. Granted most people do not have this, but people that have the means do have this before investing a lot in other assets. 
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
Yes we had the cold war, however there was not actually any fighting directly between the US and Russia.

Putin is an old KGB agent though. Old habits die hard. I don't think he can do much more than saber rattle quite frankly. In a real shooting war with the west he would be way out gunned.

Dont forget that his aides got into UK's land and killed a double-agent working for MI5/MI6 using Polonium.

Source: http://en.wikipedia.org/wiki/Poisoning_of_Alexander_Litvinenko

Moreover, as a strategy of cold war, Putin is not showing army movement against the west. Rather he is chalking out a financial war to weaken USD, where he'll most likely get China by his side.

hero member
Activity: 756
Merit: 506
I don't see the whole currency war thing.  Since Nixon ended the gold standard, $Fiat already died long ago and it's been replaced by assets.  Very few people have more than 5 digit savings as they put all their money into housing and stocks.

If $USD is replaced by another currency it wouldn't impact assets much.  Look at Eastern European and Chinese real estate, their real estate prices rival or even exceed those of many American areas.  Changing the Petro Currency wouldn't change any of that.  

Technically if Petro Dollar died it wouldn't impact the elites or the asset holders much, but it would probably make life hard for the working poor with no assets and run away inflation would probably make them riot.  "When a man has nothing to lose - he loses it"
 
member
Activity: 98
Merit: 10
★☆★Bitin.io★☆★
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
Yes we had the cold war, however there was not actually any fighting directly between the US and Russia.

Putin is an old KGB agent though. Old habits die hard. I don't think he can do much more than saber rattle quite frankly. In a real shooting war with the west he would be way out gunned.
sr. member
Activity: 266
Merit: 250
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
Yes we had the cold war, however there was not actually any fighting directly between the US and Russia.
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now

Have not u heard of cold war between Russia and USA ? Moreover, Putin does not like US's stance on Ukraine in the recent aggression.
sr. member
Activity: 266
Merit: 250
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
Why would Russia want to destroy this? They have been our ally for a world war and are our trading partner now
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
China will not support Russia in crashing the USD.  They'd be freaking stupid considering the are heavily invested in it.  That's as obvious as tits on a cow.  Putin is full of shit as usual and panders to nationalism.  If he had even one nut he'd be building crypto currency infrastructure before other first world countries.  (Nah, easier to borrow a stolen copy from the Chinese.)

Note to self: iPhones do not do well when submerged in toilet water.  Geez, I gotta put this thing to my ear?

The matter of the fact is that a lot of big businesses in tee bitcoin world is actually run from Russian soil or by a Russian from elsewhere. Putin has a thousand things to think apart from cryptocurrency, but u cant deny the Russian involvement in the Bitcoin scenario.
legendary
Activity: 1596
Merit: 1000
Russia and US are always against the other and try to defeat the other.  The USA is the largest economy and the dollar is accepted as most reliable and valuable currency by most people in the world. Most goods or services are priced at dollar, even the cryptocurrency at the moment. To crash dollar system is not easy by any country even the Russia. In the future BTC will get accepted by the majority of the population then maybe BTC has the chance to take over dollar.
hero member
Activity: 854
Merit: 500
Nope..
China will not support Russia in crashing the USD.  They'd be freaking stupid considering the are heavily invested in it.  That's as obvious as tits on a cow.  Putin is full of shit as usual and panders to nationalism.  If he had even one nut he'd be building crypto currency infrastructure before other first world countries.  (Nah, easier to borrow a stolen copy from the Chinese.)

Note to self: iPhones do not do well when submerged in toilet water.  Geez, I gotta put this thing to my ear?
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