Skip to comments.US to boycott G8 Summit in Sochi unless Russia reverses course on Ukraine
Posted on 03/04/2014 5:39:21 PM PST by Jim Robinson
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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.
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.
“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 worlds reserve currency.”
Russia is the second biggest oil exporter and the biggest natural gas exporter in the world.
If Russia drops the dollar as worlds 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.
Today’s “leaders” aren’t even single A....I’d say whiffle ball.
- 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.”
“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.”
The real bitchslap comes when the rest of the G-8 goes to meet with Putin anyway, leaving Barry at home.
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
Except Barney Fife doesn’t spend our money like a drunken sailor.
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.
“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.
Excellent. It would actually be stronger without the chat balloon.
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