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Russia Threatens To Abandon The U.S. Dollar And Start Dumping U.S. Debt

Discussion in 'World Politics' started by Jim415, Mar 5, 2014.

  1. Jim415

    Jim415 Well-Known Member

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  2. steveox

    steveox Well-Known Member

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    Then we freeze Russian banks and that will hurt Putin. So I dare he dumps the dollar
     
  3. Jim415

    Jim415 Well-Known Member

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    Russia may get China to do the same. Then who will hurt more Putin or USA?
     
  4. GBFan

    GBFan Well-Known Member

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    Still Putin --

    Remember - China only holds $1.2 trillion (out of $17 trillion, that's only about 7.5%) of our debt ... if they start dropping it, the dollar will fall ... but, because the dollar falls, so will the ruble ... there's a lot more room for adjustment in the dollar than there is in the ruble ... in fact, I would suspect that the dollar falling will cause a complete collapse of the Russian economy.
     
  5. Jim415

    Jim415 Well-Known Member

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    you may be right .
     
  6. steveox

    steveox Well-Known Member

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    I got a better idea. While were at it. Lets cut off Food and trade from Russia. And sell them to poor nations around in Africa and countries in South America? Like we can trade food to Venezuela for oil. That would help our famers and get gas prices down.
     
  7. Aus22

    Aus22 Well-Known Member

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    China and Russia are heavily involved in the west. For Australia China is our main investor, importer ,exporter, tourist and migrants. They are bound in Western economy.
     
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