It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Putin can play his games all he wants.
Cut off Russia's oil exports to everyone but China, Pakistan and India. That will pucker him up. The Saudis, Iraq and opec do not need Russia for jack.
We hold the trump card sitting on the worlds largest oil and gas reserves. The FED just always makes people think we are running out of oil to keep the price up
that is how they make their money to loan us for whatever we need and that is why we do not really care about the debt owed.
elysiumfire...However, what many Americans fail to take on board is that their wealth and level of lifestyle is paid for by the rest of the world whilst it uses the American dollar as the world's reserve currency...
The devil is in the details. The RMB is tied to the dollar, so its value will essentially remain fixed. The ruble floats, and will likely inflate as Russia's economy goes south. If Putin is desperate enough for a deal (which he is) he will agree to denominate the trade in rubles, at a pre-arranged price for a certain period of time. As the value of the ruble spirals out of control, China will be paying less and less for Russian gas. If I were Xi Jinping, I would definitely take that deal.
angelchemuel
Thank you elysiumfire and Darkbake....so far at least 2 people get it .....now if you two good chaps could go and get 2 other people each, and the 4 go and get 2 people each, and those 8 people get 2 people each.....to just understand....this is NOT about borders, this is about YOU and YOURS.....and there's NOTHING we can do about what is coming except to prepare the best we can and stay safe.
I sincerely hope I'm wrong, but the elastic is about to snap and pants are going to fall around our ankles.
Rainbows
Jane
Incredible! This is the form of denial I am seeing constantly. Currencies can detach from the dollar in the blink of an eye, and they will do so if it provides a profitability in some way.
angelchemuel
[...]this is NOT about borders, this is about YOU and YOURS.....and there's NOTHING we can do about what is coming except to prepare the best we can and stay safe.
john452
reply to post by DJW001
There is evidence China is planning to break from the USD eventually though. Recently they increased the trading band of their currency and have been increasing the number nations they do direct trade with using their currency. New Zealand was added to the list just a few days ago when their PM visited China.
abcnews.go.com...
Incredible! This is the form of denial I am seeing constantly. Currencies can detach from the dollar in the blink of an eye, and they will do so if it provides a profitability in some way.
SirDrinksalot
I forgot to add...
In My Opinon......
en.wikipedia.org/wiki/Fallujah_killings_of_April_2003
US Murderers
and
en.wikipedia.org/wiki/Paul_Bremer
Murderer
upload.wikimedia.org/wikipedia/commons/d/d4/George-W-Bush.jpeg
Murderer
China needs energy to run it's economy that produces goods bought by (predominantly) the west. If the energy deal with Russia kills the western economies then China's manufacturing collapses and it will no longer need the energy from Russia. Da Dah!
Why is China in with Russia on an energy deal? Is it to crash the western economies?
Putin can play his games all he wants.
Cancerwarrior
Putin is the only one that is acting level headed. Have you heard the straight out hypocrisy coming from the mouths of these US politicians? Saying things like, "You don't invade a foreign sovereign conutry." Why the hell was nobody speaking up for the last 10 years that the US has bombed/invaded/imposed its will on other sovereign states.
DJW001
This way off topic, but hopefully it will remind people that Russia stands to pay a terrible price for Putin's egomania.