Russia’s dumped billions now in the US dollar...make no mistake it’s oil and the dollar...the two flow or not togther.
Dumped billions ?
First of all that’s not only a drop in the bucket but would or has been a very stupid thing for Russia to do.
Russia is not even close to being able to affect the worlds economic balance.
Russia, Purchasing Power Parity (2013)
2.5 Trillion
U.S., Purchasing Power Parity (2013)
16.7 Trillion
This is before the rise in the US Dollar.
It’s not the amount...it’s that they’re dumping them and the ripple effect.....
Think again.
Russia’s already affected the worlds economies....you cannot put sanctions on a nation without the effects being felt by all...it’s 2015 and the world is interconnected...and many times hardwired via pipelines.
Europe was alreayd in trouble but now using QE as of today announced. They’r e also backtracking on Russia...Bularaus wants meeting with Putin on Southern Pipeline.......IMF want Putin to roll over Ukraine’s 3 billion debt...again.
Austria and others will not agree to further sanctions...and also saying they want those in place against Russia lifted. There are others speaking out as well.
A friend just told me the Crimea has voted to be non-aligned. Anyone know anything about this??