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Chalanachithram.com DB » TF Industry related » Archive through May 21, 2009 » Russia Dumps the U.S. Dollar for Euro as Reserve Currency « Previous Next »

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Ashton
Comedian
Username: Ashton

Post Number: 1058
Registered: 05-2008
Posted From: 208.53.157.30

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Posted on Thursday, May 21, 2009 - 09:50 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Remember money is only a promise. It is worth what the people believe it is worth.

Do you really think China is going to stop selling stuff to America? If Americans suddenly stop buying Chinese products what happens to their economy? Who will pick up the slack?

And Russia, if the dollar tanks, does that stop American nukes from flying?

I seem to remember Europe and USSR in dire straights after the last couple wars. They came back.


Arab countries are too backward. One coordinated economic/nuke strike and they are stone age.

The question is who can bring these great powers together? WHo can get the major economies under central control for the generous benefit of all?

Who will finally grow tired of 3rd world countries controlling the economies of advanced peaceful nations, just because they have the oil.....

Who will make a name for himself as the ultimate peace maker?
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Ashton
Comedian
Username: Ashton

Post Number: 1057
Registered: 05-2008
Posted From: 208.53.157.30

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Posted on Thursday, May 21, 2009 - 09:41 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Desparado:

china,india kuda ide follow ayyayi ante america gathi emayiddo




If this happens, then world war-3 would be inevitable
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Desparado
Junior Artist
Username: Desparado

Post Number: 65
Registered: 02-2009
Posted From: 198.70.208.56

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Posted on Thursday, May 21, 2009 - 09:39 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

china,india kuda ide follow ayyayi ante america gathi emayiddo
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Ashton
Comedian
Username: Ashton

Post Number: 1056
Registered: 05-2008
Posted From: 208.53.157.30

Rating: N/A
Votes: 0 (Vote!)

Posted on Thursday, May 21, 2009 - 09:36 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

http://www.marketoracle.co.uk/Article10755.html

The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.


http://english.pravda.ru/business/finance/19-05-2009/107581- dollar_russia-0

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