Topic: Russia and China decoupling trade from Dollar
Sojourning_Soul's photo
Wed 05/07/14 01:55 PM
Edited by Sojourning_Soul on Wed 05/07/14 02:00 PM

Russia and China announce decoupling trade from Dollar - The End for the USA is nigh��

Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners - no longer in dollars

See Voice of Russia post here:
http://voiceofrussia.com/2014_04_04/Russia-prepares-to-attack-the-petrodollar-2335/

Russia's trade in hydrocarbons amounts to about a trillion dollars per year. Other countries, especially the BRICS and BRICS-associates (BRICSA) may soon follow suit and join forces with Russia, abandoning the 'petro-dollar' as trading unit for oil and gas. This could amount to tens of trillions in loss for demand of petro-dollars per year (US GDP about 17 trillion dollars - December 2013) - leaving an important dent in the US economy would be an understatement.

http://www.sott.net/article/277104-Russia-and-China-announce-decoupling-trade-from-Dollar-The-End-for-the-USA-is-nigh%E2%80%8F

no photo
Fri 05/09/14 02:34 PM


Russia and China announce decoupling trade from Dollar - The End for the USA is nigh��

Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners - no longer in dollars

See Voice of Russia post here:
http://voiceofrussia.com/2014_04_04/Russia-prepares-to-attack-the-petrodollar-2335/

Russia's trade in hydrocarbons amounts to about a trillion dollars per year. Other countries, especially the BRICS and BRICS-associates (BRICSA) may soon follow suit and join forces with Russia, abandoning the 'petro-dollar' as trading unit for oil and gas. This could amount to tens of trillions in loss for demand of petro-dollars per year (US GDP about 17 trillion dollars - December 2013) - leaving an important dent in the US economy would be an understatement.

http://www.sott.net/article/277104-Russia-and-China-announce-decoupling-trade-from-Dollar-The-End-for-the-USA-is-nigh%E2%80%8F


Sorry this is nothing new, it has been going on for a very long time and is actually the basis for the whole BRIC which became BRICS thing.

And even before that, Iraq was attacked because Saddam switched Iraq oil trade to Euros. Libya, Syria, Iran and Venezuela are all part of the switch from petrodollars, hence the attacks by the banks with their paid for militaries.

But what is new, Russia now making a concerted push to publicizing the whole affair as part of the sanctions. Odumbo will never catch on until the collapse of England, followed by the Euro, and then the US. The US would be at the front of the list except for the immense quantities of petrodollars floating around the world.