Posted on 03/05/2014 5:37:37 AM PST by SeekAndFind
Uh.
If the rest of the world decides to isolate America economically and politically, we’re f***ed.
RE: If the rest of the world decides to isolate America economically and politically, were f***ed.
Of course. But why would they want to do that?
Russia is more “isolatable” at this point in time than the USA IMHO.
Isolation of the US isn’t on the table.
However the loss of reserve currency status for the FRN (Federal Reserve Note) is.
The shift would probably be to the SDR, at least if it happens before the Gold price resets. The renmimbi isn’t ‘large’ enough to be a reserve currency at this time.
After the Gold price resets the new reserve currency - whatever it is - would have to be gold-backed.
Laughable? Really. Russia and China, united politically, economically, and militarily give the US a very real warning about our precarious US Dollar and it’s uncertain future as the World’s Reserve Currency, and it is “laughable?” I would say this smells of cold sweat fear masquerading as bravado. Mr. Matthews, no doubt, fears for his portfolio.
Putin knows all this and had the luck of Obama as US President its over plain and simple.
As you say, energy is power.
If Palin were President and fast-tracked LNG export permits, America would be exporting natural gas and able to vastly undercut GAZPROM.
Unhappily: Obama is President. Not only is he an immature homosexual man-child; his energy policies have allowed Russia to start growing back into the original footprint of the Soviet Union.
Because they can.
And there is not a thing we can do to stop them if they do.
When China established regional Yuan trade, this only increased its USD reserve because they were not paying for import with USD reserves... ops on their part.
When the EU trades with Ukraine it is in USD- WHY- because its agriculture export is all in USD.
Article points out that USD reserves in Russia helps prop up the Rubble. Without $200B in USD, the Rubble would easily lose half its value.
As long as the Dollar is the currency of trade for Oil (and add grain), it will continue to be the primary world reserve currency. With the US dominate in Agriculture and now oil, USD will be around a while..
Hardly laughable. Russia and Chinahave been working on destroying the dollar as the world’s reserve currency. They will succeed.
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