I have referred to the petrodollar before with emphasis on it being the only real cause for war. With every other geopolitical catastrophe, taking place it is hard to focus on just one. Russia and China seem to be climbing in bed together with a new energy deal, where Russia would provide oil and gas to China. Russia, who has been mimicking China and buying up gold in major quantities this last year. Putin may have more in mind in doing this, knowing this could entice China into further trades we do not see just. In fact, instead of worrying about its own currency, Russia has had a focus on gold even issuing new policies to purchase much more of the bullion. Looking at gold ratio charts in the last 13 months Russia’s gold reserves increased over 33%, with more than 10% of Russia’s reserve currency is held in bullion, and that is just increasing daily. As they get closer and closer to the EU’s 40% would take currency back to the gold standard, then maybe people will see Putin’s plan as he is selling his USD for gold. We know Putin is not a fan of the U.S. and aligning itself with China could be huge in a long-term perspective considering they could truly isolate themselves with land and sea. Russia has many raw materials and China has the manufacturing capability. This could cause a truly massive power shift from the U.S. dominance into the hands of Asia. Just to give you an idea of the foreign gold reserves these counties are holding, China is number one in the world, with $ 3,821,000,000,000, Russia is number six with $ 515,600,000,000, and the U.S. is number twenty, with only 4% of what China has, so in lame terms, they have 96% more than us. As an American, I am so disappointed in my country, its corruption, and lack of good decisions in general. We are possibly trying to strong-arm Putin, by driving down the oil prices and the Ruble. However what we are doing will not last, Saudi Arabia wont let that happen, OPEC wont let it happen, just how long till a civil war takes place and some major bombing right on there pipelines? Putin is by far not an idiot and has a strong military backing and unlike other leaders, he does not need a vote, poll, or any congressional approval to bomb or make any moves that benefit him. Russians will survive, unlike the Americans they do not have the faith in government, Central banks, or leadership as most do after the last Dictator let millions starve to death. It will be interesting if all of a sudden we see oil being bought in the Euro, Europe buying gas and oil from Russia, all because of the gold backing and loss of the petrodollar.
the thing is I doubt Putin has a problem with America or Americans he has a problem with our Bankers and our Political leaders. The problem for us is most Americans don't realize the problem with our dollar. It did Americans no good that our dollar was accepted around the world. How did all our dollars get there? Who printed them all if Congress borrowed everything they over spent until a few years ago? That is trillions and trillions of dollars some group got to flood the market with. It caused 700 percent inflation... at least... the last 50 years. The enemy of the enemy... may cause a world war rather than lose their right to create trillions of dollars the world will consume.
QUOTE="jem, post: 4114332, member: 8212"]the thing is I doubt Putin has a problem with America or Americans he has a problem with our Bankers and our Political leaders. The problem for us is most Americans don't realize the problem with our dollar. It did Americans no good that our dollar was accepted around the world. How did all our dollars get there? Who printed them all if Congress borrowed everything they over spent until a few years ago? That is trillions and trillions of dollars some group got to flood the market with. It caused 700 percent inflation... at least... the last 50 years. The enemy of the enemy... may cause a world war rather than lose their right to create trillions of dollars the world will consume.[/QUOTE] I don't think couldn't has anything against America in fact I think he's curious about it it was hard for him to even grasp that Obama is just a branch of our government that' has to argue with another branch to pass a bill.he's confused with our individualistic qualities because he considers himself a collectivist