Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan or Rubles
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Saddletramp:MV8yNTgwNjcwXzQ0OTU3MzgyX0REOEM5MEI0] [quote:InTheHood:MV8yNTgwNjcwXzQ0OTU3MDE3XzdFNjI2MTJC] [quote:Drunk Uncle:MV8yNTgwNjcwXzQ0OTU1ODYzXzkyNTRBQUM2] [quote:Saddletramp:MV8yNTgwNjcwXzQ0OTU1ODA1XzJENkRBODc1] If the dollar is not the reserve currency, then it is dead... How much you paying for Groceries and Gas right now?!?!? No inflation...gimmi a fuckin' break. [/quote] 10 to 15% annually and anyone with a brain can see that. Food and Energy removed from the equation??? Gimme a fucking break... They should use the stock market as a barometer for inflation since that's where all the dollars are flowing. What rate would that be over the last few years? [/quote] The 10-15% ties in w/my calcs. from 2000 forward on groceries, gas, personal products, close on electric/gas (that's all I used). I agree about the SM. Yeah it went up, so say you put $10k into it in 2000 for comparison, and cashed out now. After you pay your taxes, fees, etc. now what can you buy with that $25k or whatever (not doing precise calcs, going off top of head). If any financial guru's on board, it would be cool to see the actual calcs. on this, any takers? Anyway, probably, my guess, after cashing out right now, you probably can't purchase anymore with your "gains" than you could have back in 2000 with your original $10k. Might as well had it sitting liquid in the CU and avoided the fees/charges/taxes to the brokers/government. If you had a a lot invested, probably would have made out better paying off your mortgage and losing the interest. And, income wise, I don't know a whole lot of people that have been getting healthy raises or that have kept up w/the inflation other than those that received big promotions, and/or have their own unique business that is doing well in this environment. Even those in tech./healthcare, etc. aren't keeping up. The costs of everything relative to income is becoming extreme and getting worse, and don't even get me on my soapbox on the ACA boondoggle/fiasco; one of the last nails to go into the coffin, and I'm sure our infamous leaders have a few more to pound in before it's all over. [/quote] http://www.shadowstats.com/alternate_data/inflation-charts If you use the 1980 method of calculating Consumer Inflation we're running just over 10% right now... [/quote]
A little over a month ago, when Russia announced the much anticipated "Holy Grail" energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar's stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a US Dollar reserve currency, neither is yet able to provide an alternative. This changed rather dramatically overnight when in a little noticed statement, Gazprom's CFO Andrey Kruglov uttered the magic words (via Bloomberg):
GAZPROM READY TO SETTLE CHINA CONTRACTS IN YUAN OR RUBLES: CFO
In other words just as the US may or may not be preparing to export crude - a step which would weaken the dollar's reserve status as traditional US oil trading partners will need to find other import customers who pay in non-USD currencies - the world's two other superpowers are preparing to respond. And once the bilateral trade in Rubles or Renminbi is established, the rest of the energy world will piggyback...
link to www.zerohedge.com
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
World heading for catastrophe over natural disasters
Half Of American Pastors Believe The Antichrist Will Soon Be Revealed
Scientists fear asteroids, killer robots and deadly diseases could wipe out humanity
London naked restaurant has waiting list of 30,000
Killer Superbugs Could Kill 10 million people a year by 2050
EU May Be ‘Test Run” For A Global Government
Obama presses ‘smart guns’ with fingerprint technology
MK-ULTRA, the CIA, and LSD: GOVERNMENT MIND CONTROL AGENT TALKS
The Impact of Patent Trolls
WILL 2016 BE THE YEAR OF THE MULTINATIONAL BANK BAIL IN ?
The Future Of America? More Than Half Of All U.S. Adults Under Age 30 Now Reject Capitalism
Swedish Govt Spends Millions Telling Citizens To Eat Insect “Meat” To End Climate Change
There’s A Plan For Human Population Control – Is It Vaccines?
Boehner rips Cruz: 'Lucifer in the flesh,' 'miserable son of a bitch'
Check Out Models Of The Cosmic Web That Connects Galaxies
The end of humans working in service industry?
Alabama House Committee Approves Bill to Abolish Marriage Licenses in State
Hubble Telescope Captures Sharpest Image Yet of Mysterious Red Rectangle
Scientists claim first successful gene therapy against human ageing.
It's Now Almost Impossible To Save For Retirement
New Report Shows Police Preparing For Rioting On A National Scale
Judges Call For Law Banning ‘Fattism’
The driverless truck is coming, and it’s going to automate millions of jobs
Here’s what might start WW3
How To Detect A 2 Way Mirror
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.006s (5 queries)