China and Russia Quit Dollar , page 2


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reply posted on 23-11-2010 @ 10:17 PM by nvprose1
i did a bloomberg search and came up with this too:

www.bloomberg.com...

Wen is meeting Russian leaders this week as the countries seek to deepen cooperation in technology, finance and energy. Bilateral trade will probably exceed $50 billion this year, the official Xinhua News Agency said yesterday. Russia is seeking to expand beyond European markets, where the financial crisis and growing competition have hampered demand.

Talks between OAO Gazprom, Russia’s gas export monopoly, and China National Petroleum Corp. on supplies to the Asian nation are proceeding “successfully,” Putin told reporters after the meeting with Wen.

Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net


reply posted on 23-11-2010 @ 10:28 PM by recycled
money.cnn.com...

The DOW fell 142 points this morning. Blamed on the N. Korea/S. Korea dispute. I do hope this will not be the only thing we "hear" of this in the western MSM.


reply posted on 23-11-2010 @ 11:52 PM by burntheships
reply to post by FermiFlux



Here is a little more...
China and Russia will stop using the U.S. dollar to settle bilateral trade and instead use the ruble or the yuan, though the move is not meant to signal a challenge to the dollar, according to reports Wednesday. China's Premier Wen Jiabao and Russian President Vladamir Putin made reference to the new currency trade pact late Tuesday, following meetings in St. Petersburg that also saw the signing of bilateral trade and energy-cooperation agreements, according to a report in the state-run China Daily. "About trade settlement, we have decided to use our own currencies," Putin told reporters, according to the report. Earlier this week, China added the ruble to the list of currencies that can be traded against the yuan on its domestic exchange.

www.marketwatch.com...

Keep an eye on this alliance...
They (Russia & China) have a "Tie Sealed By Blood"
www.abovetopsecret.com...


S&F to the OP!


reply posted on 24-11-2010 @ 01:02 AM by open_eyeballs
reply to post by projectvxn



thank yooouuu..i dont think people are getting the picture,,,

from the first line in the first paragraph of the china.org link

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.


there will be no renouncing of the dollar by china..not anytime in the near future anyway


reply posted on 24-11-2010 @ 01:07 AM by Sanjaya
Something is going on that your government does not want you to know about. Very few journalists have written about it and little or nothing has appeared in the mainstream media. The story could be one of major stories of our time. Western powers have tried to destroy gold as a backing for currencies for many years. Presently the major media won’t touch the story and that is understandable. Something we have been writing about for years is the Shanghai Cooperation Organization known as SCO. Few have been listening and few have been interested in what their mission is and what they have been up to. Some of the members are large oil producers and some, like China, are large oil users. Some have very large US dollar surpluses. As well, some are large commodity and gold and silver buyers. In fact, members are in a great part responsible for driving these prices higher. It is debatable, but we believe there is a conscious effort to accumulate gold and silver, dump dollars and to back their currencies with gold. China and Russia are both large gold producers and for a number of years have been buying up domestic gold and silver production, so that it never reaches the market and does not affect prices. If anything the absence of sales tends to push the markets higher. As a matter of fact Russia and India are visible buyers. Even Iran with its oil surplus recently announced that they had purchased 340 tons of gold. Their recent gold purchases are very significant as affiliate members, which have access to the present and ultimate direction of the group. You might say buying gold has been a protective effort to shield members and close observers from the problems generated by dollar policies. They are accumulating gold, as many have been worldwide, for the past ten years, but particularly over the past few years.



Global Research, November 22, 2010
globalresearch.ca...


Peace


reply posted on 24-11-2010 @ 01:18 AM by Vitchilo
Last year, China said to Geithner that they would start changing their economy so they wouldn't need the US anymore and could use the US dollars they hold as pressure....Geithner said it was a good idea... he loves the US so much...

China's development strategy shift 'encouraging': US

US Treasury Secretary Timothy Geithner said Tuesday that export-driven China was shifting its development strategy to rely more on domestic consumption, a move he described as "encouraging."


Basically selling to their own citizens... so they don't need the US consumer... and can use their US dollar to bully the US... nice uh?


reply posted on 24-11-2010 @ 01:42 AM by Danbones
The thing is they can't just drop the dollar, they have to ease out, or who will buy the dollar?
At the top level as opposed to us peeps, they know what is inevitable, but they need suckers who don't know at the bottom. I will agree with those that say this isn't the endplay....yet, but I am quite certain it is another step out onto the slippery slope.

Question: Who is going to wind up holding the bag in the end? Who in their right mind will go into dollars?

What I will state unequivocally:every time there is a crazy a$$ed controversy thats when these steps to wards the door take place...I understand that Monday-ish Obama's veto on the illegal foreclosures are now legal, was overturned by the new republicans just elected...
they are going to convert the dollars into US commercial and residential properties.through this process...
also some of the major players never legally collateralized the mortgages before they sold them....
FRAUD
legally they would have to refund the money, but the don't have it because it has been sucked out already...

So as Big Furry Texan said earlier: rapegate

The euro isnt going to workout either, ( one interst rate for all the players regardless?) so they are going to get it too. Ireland, Greece, pigs etc
The countries that don't use the enslaving debt money system will just get plowed under violently and recreated as slave states. like Iraq, Afgahanistan, and I would guess the Iran and the other Arab states, and the other African genocides too. resourse cows




edit on 24-11-2010 by Danbones because: (no reason given)
edit on 24-11-2010 by Danbones because: (no reason given)
edit on 24-11-2010 by Danbones because: (no reason given)



reply posted on 24-11-2010 @ 01:45 AM by boondock-saint
Originally posted by recycled
money.cnn.com...

The DOW fell 142 points this morning. Blamed on the N. Korea/S. Korea dispute. I do hope this will not be the only thing we "hear" of this in the western MSM.

hang on to the seat of ur britches,
it will drop even more tomorrow
after hearing Russia and China
are dropping the US Dollar.
I would say go to the banks
and get ur money out, however
it probably won't be worth the
paper after the crash.

The best advice I can give ya
is to quickly buy products u will
need to survive on a temp basis.
U can't eat gold and silver.


reply posted on 24-11-2010 @ 01:52 AM by Bagel
reply to post by FermiFlux



Star and flag
nice find

Not many outlets are carrying this one


reply posted on 24-11-2010 @ 01:55 AM by Danbones
dollar actually went UP a penny
www.fxstreet.com...

that bears out what ron paul said about the NS korea thing being about dollar value
I would have thought that on the news of the OP it should have dropped....without the distraction to hide it it would have

what Bagel said bears this out too
I think
edit on 24-11-2010 by Danbones because: (no reason given)
edit on 24-11-2010 by Danbones because: (no reason given)

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