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Author Topic: China and Russia ditch dollar in move toward 'financial alliance'  (Read 836 times)

Nearly Sane

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China and Russia ditch dollar in move toward 'financial alliance'
« on: August 18, 2020, 01:09:16 PM »
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jeremyp

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Re: China and Russia ditch dollar in move toward 'financial alliance'
« Reply #1 on: August 18, 2020, 03:32:39 PM »
Quote from: Nearly Sane on August 18, 2020, 01:09:16 PM
Interesting stuff


https://asia.nikkei.com/Politics/International-relations/China-and-Russia-ditch-dollar-in-move-toward-financial-alliance

It sends a political message, but it's not really that important. Russia's GDP is smaller than ours.
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Owlswing

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Re: China and Russia ditch dollar in move toward 'financial alliance'
« Reply #2 on: August 18, 2020, 03:36:16 PM »
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Nearly Sane

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Re: China and Russia ditch dollar in move toward 'financial alliance'
« Reply #3 on: August 18, 2020, 04:13:01 PM »
Quote from: jeremyp on August 18, 2020, 03:32:39 PM
It sends a political message, but it's not really that important. Russia's GDP is smaller than ours.
It's also about prepping for the possible removal of the dollar as the default  currency by the US if the trade war between it and China escalates. If Trump wins this move will be accelerated.
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jeremyp

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Re: China and Russia ditch dollar in move toward 'financial alliance'
« Reply #4 on: August 19, 2020, 10:09:19 AM »
Quote from: Nearly Sane on August 18, 2020, 04:13:01 PM
It's also about prepping for the possible removal of the dollar as the default  currency by the US if the trade war between it and China escalates. If Trump wins this move will be accelerated.

Given the state of the USA and its trajectory if Trump wins again, is that a bad thing?
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Nearly Sane

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Re: China and Russia ditch dollar in move toward 'financial alliance'
« Reply #5 on: August 19, 2020, 10:19:26 AM »
Quote from: jeremyp on August 19, 2020, 10:09:19 AM
Given the state of the USA and its trajectory if Trump wins again, is that a bad thing?
It's the sort of thing that makes  me want to be part of a larger trading block, possibly one with its own currency.
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Aruntraveller

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Re: China and Russia ditch dollar in move toward 'financial alliance'
« Reply #6 on: August 19, 2020, 10:26:26 AM »
Quote from: Nearly Sane on August 19, 2020, 10:19:26 AM
It's the sort of thing that makes  me want to be part of a larger trading block, possibly one with its own currency.

FFS man get a grip. Where's your bulldog spirit?

What's wrong with sitting in a damp bunker with a candle for the next 30 years.

You've got no fucking backbone.

Wishy washy, liberal pinko who wants to be friends with Johnny foreigner. I despise you and your ilk. It's your sort that has turned this country into the hovel it is. Bomb the froggies and krauts and lets take over Europe like the great Imperial power we are.
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jeremyp

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Re: China and Russia ditch dollar in move toward 'financial alliance'
« Reply #7 on: August 19, 2020, 01:32:56 PM »
Quote from: Nearly Sane on August 19, 2020, 10:19:26 AM
It's the sort of thing that makes  me want to be part of a larger trading block, possibly one with its own currency.
Do you know of any nearby ones we could join?
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Nearly Sane

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Re: China and Russia ditch dollar in move toward 'financial alliance'
« Reply #8 on: August 19, 2020, 01:36:48 PM »
Quote from: jeremyp on August 19, 2020, 01:32:56 PM
Do you know of any nearby ones we could join?
I've heard tell of some UE thing or something but not sure it's for the likes of us
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