China, Russia quit dollar

China Daily ^ | 11/24/10

[AtlasStalled]

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

[WebFocus]

That’s strange... I don’t see a mass exodus out of the USD as of 9:44 EST.

In fact, the USD has strengthened compared to yesterday...

[o_zarkman44]

Last chance to hunker down before the big collapse in January. Get your provisions while your dollar still can purchase things. Obama and the Fed have destroyed the American economy and all the wealth it once represented.

China and Russia are smart not taking IOU’s on our currency. There is nothing backing it except our personal property which has been promised away.

[screaminsunshine]

Who will they sell their junk to.?

[februus]

Bilateral trade between PRC & Russia? Who in China needs a furred hat and who in Moscow needs a pirate version of Inception?

[ZULU]

I heard Donald Trump on FOX this morning. He was talking about the Red Chinese, the South Koreans and the damn OPEC Arabs, how they are screwing us economically and how we should deal with them.

He’s sounding good.

Wonder how he is on the Second Amendment?

[Poison Pill]

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade

In other words they will take rubles and yuan from each other in trades between their two countries. Not exactly what the headline conveys.

[Buckeye McFrog]

but then I take a long look at Bernanke and think, who could blame them?

[DeaconBenjamin]

Who in China needs oil, natural gas, timber, and ores and who in Moscow needs manufactured goods?

[Eagle of Liberty]

I heard Donald Trump on FOX this morning. He was talking about the Red Chinese, the South Koreans and the damn OPEC Arabs, how they are screwing us economically and how we should deal with them.

Trump may be interesting. It would be some good entertainment to see a number of Government agencies in the "boardroom", televised on CSPAN, every week, with one of them being told, "You're FIRED!"

[yoe]

We need men/thinkers/doers in our government like Donald Trump.....he is smart and uses common sense. Draft him for President!!

[TheThinker]

The same Trump that allowed Ghaddafi to camp out on his property?

[ScottinVA]

We need men/thinkers/doers in our government like Donald Trump.....he is smart and uses common sense. Draft him for President!!

No way. Per www.ontheissues.org, this is his stance on health care:

"We must have universal health care. (Jul 2000)"

Killed it right there for me.

[Thunder90]

Russia (USSR2; the whole former Soviet Union) and China want to be the two top dogs in the world. Looks like they will get their wish.

[Democrat_media]

Trump is already running for president isn’t he?

Or Trump sure is sounding like he is running.

[Democrat_media]

Junk?

What does the U.S. manufacture anymore? Thanks to hundreds of thousands of pages of anti-business and pro union regulations and the EPA, the U.S. manufactures very little and even that is going away.

[Chickensoup]

Who will they sell their junk to.?

The US accounts for only 20% of Chinese trade.

[raybbr]

Who in China needs oil, natural gas, timber, and ores and who in Moscow needs manufactured goods?

Funny how so many people of FR are blind to reality.