Russia wants to build a new world order with China - page 4.

Majestic-milf

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Quote from: DVlog on April 01, 2022, 12:40:08 AM

A new economic system is coming to the world and that system will not be dominated by the West. Russian Security Council Deputy Chairman Dmitry Medvedev (former Russian president) said in an interview with Russian media yesterday.

Quote

Medvedev said: "Hellish sanctions imposed on Russia by the United States, the EU, and their allies in the Ukraine conflict have failed to cripple Russia. Now, these sanctions are coming back to the West.

"As the West continues its futile efforts to corner Russia, the world is slowly moving towards a new global economic relationship. We are moving towards improving the financial system ', he added.

"Confidence in the reserve currency is fading like a morning mist and the prospect of the dollar and the euro leaving does not seem unrealistic now," Medvedev said.

High inflation rates weaken USD dominance for sure but are it really possible to replace USD as a reserve currency or the USA will allow that so easily? The era of regional currency is coming?

This is something the Russians will benefit a lot from and the US feel threatened because should the USD be weakened, there's every tendency for the yuan to take dominance. President Biden feels that as China is providing for both their economic and military needs, it will be easy for Russia to still have enough control over the war.
Another fear of the US will certainly be the fast rate of countries switching from the dollar to using other currencies, thereby causing inflation.

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Quote from: DVlog on April 01, 2022, 12:40:08 AM

A new economic system is coming to the world and that system will not be dominated by the West. Russian Security Council Deputy Chairman Dmitry Medvedev (former Russian president) said in an interview with Russian media yesterday.

Quote

Medvedev said: "Hellish sanctions imposed on Russia by the United States, the EU, and their allies in the Ukraine conflict have failed to cripple Russia. Now, these sanctions are coming back to the West.

"As the West continues its futile efforts to corner Russia, the world is slowly moving towards a new global economic relationship. We are moving towards improving the financial system ', he added.

"Confidence in the reserve currency is fading like a morning mist and the prospect of the dollar and the euro leaving does not seem unrealistic now," Medvedev said.

High inflation rates weaken USD dominance for sure but are it really possible to replace USD as a reserve currency or the USA will allow that so easily? The era of regional currency is coming?

i guess the US doesn't allow it to change the usd dominance. as before, many countries would choose the yuan as a world currency standard, but western countries certainly objected. and now because of the war and Russia is being cornered, so that it gets light from China, I think this is a harmonious collaboration considering that Russia has oil and gas fuel, while China, we know that they are advanced in the industrial sector, and many countries are dependent on these products. from china

Sir Legend

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Quote from: Pomogator on April 10, 2022, 12:12:49 PM

I really believe in the new world economy. This is very beneficial for China, I think they will promote it. Now gas is bought for Yuan, India also buys gas not for dollars, some European countries are ready to buy gas for rubles. Everything is moving in this direction. It's very interesting what the end result will be!

This will make the dollar's dominance decrease, many countries have shifted transactions from the dollar and maybe this is one factor that makes the dollar experience inflation, of course with direct transactions they get the benefit of efficiency, and I'm sure this trend will happen in international trade.

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Quote from: Pomogator on April 10, 2022, 12:12:49 PM

I really believe in the new world economy. This is very beneficial for China, I think they will promote it. Now gas is bought for Yuan, India also buys gas not for dollars, some European countries are ready to buy gas for rubles. Everything is moving in this direction. It's very interesting what the end result will be!

I am residing in India, and I don't believe that the government here has the balls to offend the Americans in a big way. Although Indian oil companies are purchasing Russian oil and LNG at discounted rates, if the Americans threaten sanctions on them they will refrain from such purchases. With regards to China, they are in a stronger position when compared to India. But even they will rethink about purchases from Russia in case there is a threat of sanctions from the United States. It will be interesting to wait for another two months or so, when the contracts signed before the war are realized and the new ones need to be signed.

Pomogator

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I really believe in the new world economy. This is very beneficial for China, I think they will promote it. Now gas is bought for Yuan, India also buys gas not for dollars, some European countries are ready to buy gas for rubles. Everything is moving in this direction. It's very interesting what the end result will be!

jrrsparkles

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Far away from considering that another fiat will replace USD as reserve currency but the process seems started with this Russia and Ukraine war along with economic sanctions which actually pushed Russia to be in better position because they got natural resources and now demanding to pay the countries in Rubles if they want to purchase their oil and western countries are left with no choice now.

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Quote from: macson on April 08, 2022, 02:49:38 PM

Quote from: Moneyprism on April 01, 2022, 01:58:23 AM

it will be difficult to shift America, which has long been a superpower in the global economic system,,,, but that does not mean it is impossible, the possibility that will shift America's position in the future is China, but it will also take decades to come

Even though it takes decades, China now has great potential to shift US dominance. i don't really like both ^{(China or the US)} but from a long-term development, we see China's dominance is growing, the US only relies on past strengths, this is what makes the US grow slowly and has the potential to slide China.

You do really got some point and we arent that blind on not to see those progressive kind of thing in between these powerful countries.If ever they would really be trying to cut off ties or being too dependent.

Just like on what others said if this thing would really happen? Its not impossible but this is something that takes time and lots of different sectors and things would be mainly be affected in overall.

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Quote from: DVlog on April 01, 2022, 12:40:08 AM

A new economic system is coming to the world and that system will not be dominated by the West. Russian Security Council Deputy Chairman Dmitry Medvedev (former Russian president) said in an interview with Russian media yesterday.

High inflation rates weaken USD dominance for sure but are it really possible to replace USD as a reserve currency or the USA will allow that so easily? The era of regional currency is coming?

This should not surprise us, the current system benefits the US in a disproportionate manner so it is obvious other powerful countries may not like this and they are planning to change it, will they succeed? That is where things are not as clear, neither China or Russia can stop accepting US dollars, however they could begin to trade among each other using their own currencies, decreasing their dependence on the dollar while weakening it in the process, however such actions will not be enough and they know it, so it would be interesting to see what else they have in store to try to make such a goal a reality.

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Quote from: Moneyprism on April 01, 2022, 01:58:23 AM

it will be difficult to shift America, which has long been a superpower in the global economic system,,,, but that does not mean it is impossible, the possibility that will shift America's position in the future is China, but it will also take decades to come

Even though it takes decades, China now has great potential to shift US dominance. i don't really like both ^{(China or the US)} but from a long-term development, we see China's dominance is growing, the US only relies on past strengths, this is what makes the US grow slowly and has the potential to slide China.

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Quote from: Smartprofit on April 02, 2022, 08:29:05 AM

China is also interested in long-term land leases in Siberia and Chinese expansion in Siberia and the Far East.

China does not need Siberia, the Chinese prefer where the climate is warmer and milder. China needs Russia's natural resources, but they are not too keen on Russia itself. In a geopolitical sense, Russia and China are back-to-back to each other. This is a problem for Russia - not to lose its identity next to such densely populated and not prone to assimilation neighbors like India and China, but I think not too serious. Too harsh climate will again serve the Russians well.

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This is a relative way of saying things, but if we put everything in context that this is something real, both China and Russia do not want to accept the hegemony of the USA and its economy anymore, and that is what they want to change, and obviously China It is a very strategic country, it wants to be on good terms with everyone, but obviously it has a partiality and is not favorable to the Americans, China observes everything from a very privileged position, and they only think or see that if Russia goes well with its invasion, they can easily invade and take Taiwan, but this is something that nobody says, but they know.

DVlog

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Quote from: cabron on April 02, 2022, 12:47:46 AM

Russia can take Ukraine in a day but they are also not in a hurry for they don't want to spend all thier ammunition on this country that they consider peony. Remember that this Ukraine war is not the real war yet. They know any time, the US military can just barge in even when it's against the law. They have done it in the past in several countries, the news was that they are using old ammunition to fight Ukrainians. Seeing they have hypersonic missiles but used twice only afaik.

The fight now is economic too, so Russia is also not concentrating more on this war, after all, they have won skirmish attacks, thier country is not ruined, and its good for them. All they need is to grow thier economy in their own ways.

I am not sure why you think that is possible! Any people with little military knowledge will understand how difficult it is to occupy a country when the people of that country are hostile towards the invasion force or they have a military force. It's not about the ammunition I think Russia is testing its military capability in Ukraine but they failed to keep good order with logistics and support. They have one of the strongest airforces in the world with superior technology and they still use fighter jets from the soviet area. The same things have been seen with Tank and APC. I am not sure why they are doing this when they have the capability.

suzanne5223

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Quote from: crzy on April 03, 2022, 04:24:39 PM

Quote from: suzanne5223 on April 03, 2022, 03:29:51 PM

I think all this country's political or world leaders didn't understand that their national fiat currency is weakened by high inflation not only the USD because the world is changing to cryptocurrency and only naive people won't understand that fiat currency is becoming obsolete every day.
Having said that, I wonder how a country could be so confident about creating a new world order system with the thought that it will thrive when the world economy is already scribbled and the last time i checked the sanction which they resume to be hellish what to prevent their President from making a further wrong decision.

They are preventing a decentralized system as much as possible and we know how China and Russia controls their people so they are now taking actions so they can still have control over it especially with their fiat currency or else if crypto will become legal, this can be a big threat from them. Inflations are everywhere, this is pretty normal what not normal is the rapid increase of this which makes many currency devaluate.

Let's be sincere mate, no government truly wants to support decentralization they supported it because they have no choice and only the El Salvador government seems to see crypto differently thats why they embrace it. Therefore, the new world order was not to prevent decentralization but to escape the US, and EU sanctions and to also make them suffer the consequences of their sanction towards Russia.

Pujangga

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I've heard of plans to create a new world order many times, but to make it a reality is of course very difficult, dependence on other countries is the reason that the new world order plan is very difficult to realize, and I'm sure the plan will not come true.

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Does not make sense. If Russia and China wants to build a new world, then why only Russia is to building it with a help of weapons and is spending funds, while China stands by and will gain huge income from export? If the truly wanted to build a new world together, the would have started military actions against everyone. Add one army to another and destroy every enemy. Turn everyone to dust and build a world from scratch. Instead right now one is destroying, other is building.

CaVO32

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Quote from: crzy on April 03, 2022, 04:24:39 PM

Quote from: suzanne5223 on April 03, 2022, 03:29:51 PM

I think all this country's political or world leaders didn't understand that their national fiat currency is weakened by high inflation not only the USD because the world is changing to cryptocurrency and only naive people won't understand that fiat currency is becoming obsolete every day.
Having said that, I wonder how a country could be so confident about creating a new world order system with the thought that it will thrive when the world economy is already scribbled and the last time i checked the sanction which they resume to be hellish what to prevent their President from making a further wrong decision.

They are preventing a decentralized system as much as possible and we know how China and Russia controls their people so they are now taking actions so they can still have control over it especially with their fiat currency or else if crypto will become legal, this can be a big threat from them. Inflations are everywhere, this is pretty normal what not normal is the rapid increase of this which makes many currency devaluate.

Inflation will always be a part of any economic system. But they can mitigate its impact on how they are addressing this aspect. And from our situation right now, pandemic crisis and now with the war crisis going on between Ukraine and Russia, the whole world is feeling its impact more than in the previous years. So it is up to the government how can they slow down or at least diminish the influence of inflation factor to their economy. They can deploy their own strategy as at the end of the day, it is the common people that are highly affected by this economic situation.

crzy

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Quote from: suzanne5223 on April 03, 2022, 03:29:51 PM

I think all this country's political or world leaders didn't understand that their national fiat currency is weakened by high inflation not only the USD because the world is changing to cryptocurrency and only naive people won't understand that fiat currency is becoming obsolete every day.
Having said that, I wonder how a country could be so confident about creating a new world order system with the thought that it will thrive when the world economy is already scribbled and the last time i checked the sanction which they resume to be hellish what to prevent their President from making a further wrong decision.

They are preventing a decentralized system as much as possible and we know how China and Russia controls their people so they are now taking actions so they can still have control over it especially with their fiat currency or else if crypto will become legal, this can be a big threat from them. Inflations are everywhere, this is pretty normal what not normal is the rapid increase of this which makes many currency devaluate.

suzanne5223

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I think all this country's political or world leaders didn't understand that their national fiat currency is weakened by high inflation not only the USD because the world is changing to cryptocurrency and only naive people won't understand that fiat currency is becoming obsolete every day.
Having said that, I wonder how a country could be so confident about creating a new world order system with the thought that it will thrive when the world economy is already scribbled and the last time i checked the sanction which they resume to be hellish what to prevent their President from making a further wrong decision.

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Quote from: Fortify on April 03, 2022, 01:36:51 PM

It might be your dream, but in reality it will end up a nightmare. Countries in Europe and places like America are definitely not perfect, but at least the people have a real ability to change the course of their future. Russia's economy, stunted as it is by such a hopeless form of authoritarian government, is always built on sand. China is much the same - everybody trying to climb the party ladder but the average person on the street having near zero influence. The reason countries like America prosper is it breeds creativity, people are not as scared of offending somebody with political power and there is much less corruption. Corruption can eat away at the very fabric of a society and it is prevalent in any authoritarian state. These countries might look powerful, but they have hollow hearts.

I am not 100% sure if the people in the west have that chance, there is a delusion that they can change it for sure but do they really have it? Like let's take "democracy" at hand in the USA, sure there is some, sure it is not dictatorship, I am not against that at all, you are right if that is the line we are drawing.

However, with just 2 parties, and most parties saying one thing different from the other but somehow everything ending up exactly the same is really a bit weird and doesn't feel that right to me. I am not there, so only an American should answer this, but I do not see any difference between trump and Biden when you look at what they do, instead of what they say.

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Quote from: DVlog on April 01, 2022, 12:40:08 AM

A new economic system is coming to the world and that system will not be dominated by the West. Russian Security Council Deputy Chairman Dmitry Medvedev (former Russian president) said in an interview with Russian media yesterday.

Quote

Medvedev said: "Hellish sanctions imposed on Russia by the United States, the EU, and their allies in the Ukraine conflict have failed to cripple Russia. Now, these sanctions are coming back to the West.

"As the West continues its futile efforts to corner Russia, the world is slowly moving towards a new global economic relationship. We are moving towards improving the financial system ', he added.

"Confidence in the reserve currency is fading like a morning mist and the prospect of the dollar and the euro leaving does not seem unrealistic now," Medvedev said.

High inflation rates weaken USD dominance for sure but are it really possible to replace USD as a reserve currency or the USA will allow that so easily? The era of regional currency is coming?

It might be your dream, but in reality it will end up a nightmare. Countries in Europe and places like America are definitely not perfect, but at least the people have a real ability to change the course of their future. Russia's economy, stunted as it is by such a hopeless form of authoritarian government, is always built on sand. China is much the same - everybody trying to climb the party ladder but the average person on the street having near zero influence. The reason countries like America prosper is it breeds creativity, people are not as scared of offending somebody with political power and there is much less corruption. Corruption can eat away at the very fabric of a society and it is prevalent in any authoritarian state. These countries might look powerful, but they have hollow hearts.

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