To: Lorianne
He is wasting his time. The desirability of a currency as a reserve currency is determined by the value of the debt that can be bought with it. Everybody want to earn a return on their cash holdings. You might go out and buy yourself a big pile of Putin-Rubles, but then what will you do with your money? Anybody feel like investing in a Russian corporation? Sound like a safe investment?
2 posted on
09/01/2017 12:19:13 PM PDT by
SeeSharp
To: SeeSharp
True. He’s just pissed because Trump’s global moves against China are squeezing him.
5 posted on
09/01/2017 12:27:17 PM PDT by
bigbob
(People say believe half of what you see son and none of what you hear - M. Gaye)
To: SeeSharp
but then what will you do with your money?
The U.S. Dollar is not money, it is currency. I know, a picky detail - right up the moment when it is not. If Russia really wanted to declare war on the U.S. Dollar they would be talking about a gold or silver backed currency but they are not, they're just talking about fiddling with the IMF and World Bank power sharing arrangements.
10 posted on
09/01/2017 1:23:36 PM PDT by
Garth Tater
(Return to sound money and Constitutional governance.)
To: SeeSharp
actually the russia ruble is a safer bet than The US dollar these days.
positive balance of payments - check
little foreign debt - check
booming private sector - check
gov’t parasites small - check
12 posted on
09/01/2017 2:09:13 PM PDT by
vooch
(America First Drain the Swamp)
To: SeeSharp
He’s not so stupid to think the dollar will be replaced with the ruble. Russia’s goal is to reduce the dollars influence and replace it with anything else
16 posted on
09/01/2017 2:34:37 PM PDT by
PGR88
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