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US to boycott G8 Summit in Sochi unless Russia reverses course on Ukraine
FOX News and AP ^ | March 4, 2014

Posted on 03/04/2014 5:39:21 PM PST by Jim Robinson

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To: Jim Robinson

This is so astoundingly stupid. The greatest danger Russia poses to us is not invading Crimea, nor their stable of nukes, but being an instigator to drop the US dollar as the world’s reserve currency.

With our debt situation, this would be as bad as a tactical nuclear strike, and I am only exaggerating a little.

Therefore, pulling out to let them talk about how the once mighty Uncle (Sam) is really impotent ain’t exactly the most convincing bluff.

I am facepalming on this one.


51 posted on 03/05/2014 3:22:22 AM PST by AK_47_7.62x39 (There are many moderate Muslims, but there is no such thing as a moderate Islam. -- Geert Wilders)
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To: AK_47_7.62x39

obarry is getting beaten badly and instead of manning up he’s taking the ball and going home, only Putin is keeping the ball. obarry is in such a snit that he’s leaving empty handed.


52 posted on 03/05/2014 3:26:56 AM PST by Sirius Lee (All that is required for evil to advance is for government to do "something")
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To: AK_47_7.62x39

“The greatest danger Russia poses to us is not invading Crimea, nor their stable of nukes, but being an instigator to drop the US dollar as the world’s reserve currency.”

Russia is the second biggest oil exporter and the biggest natural gas exporter in the world.
If Russia drops the dollar as world’s reserve currency, this can ignite a new, 2008 style, financial crash, both for America and the rest of the world, when we’re barely started to recover from the last one.


53 posted on 03/05/2014 3:41:43 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: dowcaet

Today’s “leaders” aren’t even single A....I’d say whiffle ball.


54 posted on 03/05/2014 3:58:47 AM PST by SoFloFreeper
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To: Marguerite

http://en.ria.ru/business/20140304/188081405/Putin-Adviser-Urges-Dumping-US-Bonds-In-Reaction-to-Sanctions.html


55 posted on 03/05/2014 4:27:09 AM PST by AK_47_7.62x39 (There are many moderate Muslims, but there is no such thing as a moderate Islam. -- Geert Wilders)
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- Cokehead Barack Hussein Obama Junior : “Tell Vladimir after my election I have more flexibility.” (I need more “space”)

- Russian President Dmitry Medvedev : “I understand. I will transmit this to Vladimir.”


56 posted on 03/05/2014 6:17:30 AM PST by devolve (- "Tell Vladimir after my election I have more 'flexibility'..." ..I need more "space"… - BHO Jr.)
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To: AK_47_7.62x39

“the Federal Reserve is able to flood our financial system with dollars without it causing a tremendous amount of inflation because the rest of the world ends up soaking up a lot of those dollars. But now that is changing. China and Russia have been spearheading a movement to shift away from using the U.S. dollar in international trade. At the moment, the shift is happening gradually, but at some point a tipping point will come (for example if Saudi Arabia were to declare that it will no longer take U.S. dollars for oil) and the entire global financial system is going to change.”

http://www.wealthwire.com/news/global/3825


57 posted on 03/05/2014 6:19:41 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: Jim Robinson
Bad Vlad gonna cry himself to sleep now, you betcha.

The real bitchslap comes when the rest of the G-8 goes to meet with Putin anyway, leaving Barry at home.

58 posted on 03/05/2014 6:37:50 AM PST by Eric Pode of Croydon
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To: Marguerite

absolutely. This is what many Americans simply do not realize. There are gigatons of US Dollars sitting out there in foreign nations vaults because we have the world’s reserve currency.

If that changes, why would they keep them? And if they don’t keep them, guess where they are going to run? HOME, that is where! They are going to come flooding in from all over the world and it is going to make the Weimar inflation look like a walk in the park.

When we go screwing around with these nations who hold huge dollar reserves (and Treasury bonds which are dollar substitutes in essence), it is like sticking a loaded gun


59 posted on 03/05/2014 8:02:44 AM PST by AK_47_7.62x39 (There are many moderate Muslims, but there is no such thing as a moderate Islam. -- Geert Wilders)
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To: Bobalu

Except Barney Fife doesn’t spend our money like a drunken sailor.


60 posted on 03/05/2014 11:43:43 AM PST by LurkedLongEnough
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To: European Guest
Therefore we have no reason to help the US (except of lip service) in this matter...

Not a problem. For awhile I've been of the mind that the US should pull all troops out of "Old" Europe. Our presence skews local government's decision making processes and masks the real costs of decisions such as using Russia as an energy supplier. Such a policy is foolish and short sighted.

I also believe we need to rethink NATO. We should be in alliance with like minded democracies such as Poland, and adios to the rest.

Then we can cheerfully wish you well with your new BFF, Putin.

61 posted on 03/05/2014 12:15:51 PM PST by gogeo (If you are Tea Party, the Republican Party does not want you.)
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To: European Guest

“The US only can loose in this game. In the end they will stand alone.”

Your points are logical and valid, as is your conclusion.

Accordingly you will be resolutely ignored.


62 posted on 03/05/2014 1:16:07 PM PST by Psalm 144 (1. Sow. 2. Reap. 3. Eat the result.)
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To: bkopto

Excellent. It would actually be stronger without the chat balloon.


63 posted on 03/05/2014 1:17:11 PM PST by Psalm 144 (1. Sow. 2. Reap. 3. Eat the result.)
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To: gogeo

You said:”...Not a problem. For awhile I’ve been of the mind that the US should pull all troops out of “Old” Europe....”

Simply do it.

Regards from old Europe

Andreas


64 posted on 03/05/2014 8:30:28 PM PST by European Guest (De omnibus dubitandum)
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