Discussion in 'Economy' started by Kevin_Kennedy, Nov 24, 2010.
China, Russia quit dollar
And all those dollars are coming home.
Duplicate thread Kevin
I checked the Active Topics and didn't see one. Well the mods can merge them.
And now I see it, though it would be helpful if people would put things in the proper forums.
You do realize this is just trade between the two right?
Also - this is pomp on China's part.
There is no way China would make serious moves to tie their currency with the ruble.
For now it's trade between the two. It's a step away from the dollar however, and how long before other countries realize the dollar isn't what it used to be and turn away?
Nah. China is just postering. They will do plenty of things like this in the coming months. This is their little "protest" to America adding tarrifs to some of their products and "daring" to want fairness in trade with them.
Also - with the N.Korean situation right now, we will absolutely see China make such gestures to support their little evil puppet that is a nice attention grabber that keeps eyes off of them
Well their "posturing" could lead to some serious consequences for the dollar.
could lead to or not. In any case bilateral agreements are not new, and China has lots of them already.
Russia also has had bilateral agreements regarding the sale of it's oil and gas across europe since they SU collapsed.
"other countries....turn away?"
You mean trade in their own currency? Frankly, I wasn't aware that this was such an extraordinarily strange practice.
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