" Smart money is on China and Moscow for the new century. Both nations are massively building up gold reserves for a gold-backed currency. Neither nation is aggressive. Both are in far better fiscal shape than the USA, and neither has a long history of International aggressive warfare, sanctions, lies, invasions, etc."
I was gonna give you time to settle in but I can't take it.
Yup were backing out of treaties that do nothing but cost us money and abuse from the other signers.
Nato we pay and the rest had to be shamed into it but boy if they have a problem watch how fast the call Daddy for help and support. Paris accords I don't think I have to explain it do I. would you want us to keep those monkeys on their free ride at NATO or stay in the Paris accords?
You're right we are in debt and how! Part of that debt is once again giving money to the planet and borrowing it to do it . Thank God we can still pay for it and expand the GDP.
You thin Russia trusts the Chinese enough to use their money for oil? China that changes the value of their money at will. If and when enough Russian oil and gas is sold using Chinese currency China can wipe Russia out financially with the stroke of a pen and never fire a shot.
Russia's military adventures? Are you watching CNN and Fox? What military adventures?
I don't know maybe Georgia and the Ukraine could answer that for you and it's not over.
China not aggressive? Tell that to Hong Kong and Taiwan and Tibet. And maybe not sending battle ships all over but they are buying up any and everything they can all over Africa and South America and anywhere else they can get into.
" Smart money is on China and Moscow for the new century. Both nations are massively building up gold reserves for a gold-backed currency. Neither nation is aggressive. Both are in far better fiscal shape than the USA, and neither has a long history of International aggressive warfare, sanctions, lies, invasions, etc."
China has no plans on going into gold backed currency that would stop them from manipulating their currency which has given them the edge in world business. They want to open up they drop their money value.
As for the rest are you suggesting that we withdraw from the world and keep to our borders and leave the world to whoever wants it? This way we don't have to have wars, lie, put on sanctions or invade for any reason at all?
Hi John,
There are several fallacies and false assumptions in your argument.
First off using Ukraine as an example (and your only example really) of "Russian Aggression" is not true. Russia never invaded Ukraine. Russia has no military presence in Ukraine, no drone strikes, nothing like that at all. Russia was not aggressive towards Ukraine in the sense that I mean. Sure, they want influence, maybe even "control....."
But compared to America's interventions in Ukraine, Russia doesn't even come close. Again, Russia never invaded Ukraine.
On the other hand.....NATO. It was promised by America to Russia that NATO would not "expand one inch to the East." Well that was a lie. Imagine if Russia put troops and missiles in Mexico, put a puppet in office and tried to block America from building a pipeline? That never happened!!! That would be Russian Aggression. You've got USA and Russia confused, as do many conservatives.
NATO itself is obsolete and has been for a long, long time.
Now let's shed light on your claim that Russia and China don't trust eachother enough to do oil deals in their own currencies:
https://www.reuters.com/article/us-china-yuan-rouble/china-establishes-yuan-ruble-payment-system-idUSKBN1CH0ML?ref=hvper.comWhat matters, in this case, is that Beijing – as well as Moscow – clearly read the writing on the wall when, in 2012, Washington applied pressure on SWIFT; blocked international clearing for every Iranian bank; and froze $100 billion in Iranian assets overseas as well as Tehran’s potential to export oil. In the event that Washington might decide to slap sanctions on China, bank clearing though CIPS works as a de facto sanctions-evading mechanism.
Last March, Russia’s central bank opened its first office in Beijing. Moscow is launching its first $1 billion yuan-denominated government bond sale. Moscow has made it very clear it is committed to a long-term strategy to stop using the US dollar as their primary currency in global trade, moving alongside Beijing towards what could be dubbed a post-Bretton Woods exchange system.
Virtually all commodities must be traded in US dollars, and these petrodollars are recycled into US Treasuries. Through this mechanism, Washington has accumulated an astonishing $20 trillion in debt – and counting.
Vast populations all across MENA (Middle East-Northern Africa) also learned what happened when Iraq’s Saddam Hussein decided to sell oil in euros, or when Muammar Gaddafi planned to issue a pan-African gold dinar.
But now it’s China who’s entering the fray, following through on plans set up way back in 2012. And the name of the game is oil-futures trading priced in yuan, with the yuan fully convertible into gold on the Shanghai and Hong Kong foreign exchange markets.
Trades have already taken place! The fundamentals are clear: this triple win (oil/yuan/gold) completely bypasses the US dollar. The era of the petro-yuan is at hand.
Gold is essential in this strategy. Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold – or both. Following what has been extensively discussed in their summits since the early 2010s, the BRICS countries are bound to focus on trading physical gold.
How long until Saudi Arabia decides to sell oil to its largest customer, China, with this alternative to the Petrodollar? Iran is ready and willing to sell their oil in this manner as well.
https://www.zerohedge.com/news/very-different-take-iran-barters-food-storyAs for Chinese aggression.....when did they invade Hong Kong? Taiwan? I must have been watching Trailer Park Boys and smoking weed during those invasions.....can you provide a few links to demonstrate how the Chinese have been aggressive towards HK? I'll capitulate on Tibet.
As for your claims that China has no plans for a gold backed currency....just do some research.
The end of the Petrodollar is at hand. Russia and China are both in FAR BETTER fiscal shape than the USA.
The Bush/Obama/Clinton/Trump policy is to punish and intimidate everyone into using the SWIFT system, which means the petrodollar, which means US Treasuries. Russia, China, Iran, India and many other nations are looking for a workaround to SWIFT, which means US sanctions will be like a barking Chihuahua behind a fence......because the mechanism is already in place and deals have been done and are being done.
I can go on and on......
As you get to know me----assuming I stick around----you'll find that I make bombastic statements and BACK THEM UP WITH FACTS.
Most conservatives and liberals ignore the facts and soon get right to personal insults and the like. I'm hoping you don't do that.
So, to summarize:
1. When was China aggressive?
2. When was Russia Aggressive
3. When is the USA not aggressive?
4. China and Russia are already trading oil in their own currencies
5. NATO is obsolete and does nothing but drain the treasury and manufacture enemies
Let's limit further discussion to one point at at time.....