Posted on 04/13/2022 7:48:24 AM PDT by JonPreston
Good point, she's just another old, liberal academic who is laughed at by the the world's gangsters.
In a cheesy Mao impersonation: “Amelicans are dishonolable Yankee impeliarist lunning dogs.” As despicable as Mao was that’s a very accurate description of the Bidet administration. What a pathetic clown show
And we're locked in with absolutely no political support.
What are the “consequences” that Yellen is talking about? Perhaps she will force China to sell us even more of their cheap junk.
“AND THE US DOLLAR LOSING 8.5% JUST YESTERDAY,”
LOL It did?!? Does anyone other than you know about that?
The rubble was 75 a week ago and is now 85. Thats a real and hard loss against the dollar of 12%.
The vile troll (Yellen) looks/acts like a member of any run-of-the-mill, creepy cult.
If Germany did that today, their economy would collapse.
That is my major concern. My wife is a T1 diabetic. We just secured enough insulin to make it for 20 weeks. If Biden causes Chinese pharmaceuticals, the insulin dependent diabetics have a countdown to death when their insulin runs out.
Yellen is an idiot.
The stupid western nations allowed the dictatorship of Communist China to become their main supplier of either goods directly or the parts for goods indirectly covering more products than their own countries now make domestically, making more global supply chains dependent on China, a dictatorship.
China does not need supplies from any western country. They are laughing at Yellen.
That a drop in the bucket. Remember the petrodollar? The US has been exchanging T-bills for oil with the Saudis for over 50 years. The "Project Sandman" has 155 countries committed to purchase oil in their own currencies and repudiate use of the US Dollar. The Saudis will be looking for redemption of their T-bills in gold or tangible commodities. They won't accept the worthless fiat US Dollar in exchange for the T-bills.
“Consequences” imposed by the Biden regime are pretty insignificant by world standards, and are largely ignored or easily circumvented by most of those individuals and entities to whom they are applied.
Biden’s anti-Midas touch. Much better his people keep their hands off altogether and get some treatment for the almost universal tone-deafness they exhibit.
Cognitive dissonance is no way to run a country.
Threaten China, threaten India, Threaten Hungary, Threaten Syria, threaten Iran. Someone may recognize this pattern and NOT follow your lead. High risk high reward?
The problem with the ruble is that it’s banned on the legitimate exchange market which makes its effective value $0.00
There’s a few darkweb sites allowing indirect exchange from dollars to crypto to ruble and back again but they’re trading at extortionate rates compared to the irrelevant market rate that can’t be used anyway.
Meaning that if the ruble were to actually hit the market right now it would be back to less than a penny per ruble in short order. It’s only because the only market for the ruble is controlled by Russia is the reason the published value has been puffed up. There is no legitimate trading in the ruble right now so there’s really no basis to claim a value one way or the other.
The only legitimate market quote I can find is China’s government.
http://www.china.org.cn/china/Off_the_Wire/2022-04/11/content_78158648.htm
Currency Unit Central parity rate in yuan
U.S. dollar 100 636.45 ($1 = Y6.37)
Ruble 1,299.29 100 (R1229.29 = Y1.00)
Therefore a Chinese dollar value of the ruble per this stated market quote is:
$1 = R7,830.58
And India, after repeated bullying and still refusing to sanction Russia, is now the target of human rights abuses per Blinken.
You mean more sanctions, right? I thought we already had sanctions on them?
xiden administration: Shooting America in the foot with each and every sanction.
Wow. I knew Serbia signed a treaty of some kind with China awhile back. Very sad.
Game, set and match, thanks to the American traitors from the Chamber of commerce who sold our hack politicians, and dopey Republican party members, NAFTA, the WTO, with all their intertwined side deals. We are China's *itch, and Chinese sanctions is why Donald Trump was removed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.