Posted on 10/18/2009 8:43:57 AM PDT by FromLori
A week ago the world was split into two camps: those who said Robert Fisk was an idiot and that anyone who believes him is a tinfoil hat wearing paranoid sociopath, and those who said Robert Fisk was brilliant and that anyone who does not believe him is an unimaginative, unintelligent, conservative boor. Yet nobody tried to confirm or deny his data. Today, Russia's Prime Minister and de facto viceroy Vladimir Putin finally made it clear that the presumably insane Fisk was not making stuff up.
RIA Novosti reports:
BEIJING, October 14 (RIA Novosti) - Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.
The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis.
"Yesterday, energy companies, in particular Gazprom, raised the question of using the national currency. We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans," Putin said.
He stressed that "there should be a balance here."
On Tuesday, Russia and China agreed terms for Russian gas deliveries at a level of up to 70 billion cubic meters a year. China also imports oil from Russia.
The Russian prime minister said the issue would be addressed among others at a meeting of Shanghai Cooperation Organization (SCO) finance ministers, who are to convene before the end of the year in Kazakhstan. So while others debate the validity of the messenger, as traditional Western mindset is so much much more willing to do, instead of considering the actual message content (and how to rectify if it is a bad one, instead of simply ignoring it), the dollar is soon going to find itself all alone, playing in a corner with itself, as Bernanke and Obama push the S&P to 1 gazillion, while at the same time America becomes removed from any future reserve currency intermediation and becomes a peripheral, if not outright third world, country, rife with social conflict once the middle class finally wakes up to its rape and pillage, far after it has become too late.
4.6
The US will go bankrupt and demise by foreclosure
Are you ready to greet your Chinese overlords?
Maybe they can barter chickens. If America can’t buy stuff then the Chinese & Russian currencies is worthless
In 1980, ethnic Chinese (from Hong Kong) began to buy and move in to my hometown.
They made enough impression on the locals that they were regularly the subject of conversation.
Being the s*** that I am, I took this opportunity to start a rumor that all the street signs would be changed to Chinese. The rumor went viral and I had great fun for a couple of months, but the city council didn't.
Other than being the world's worst drivers, there are no real problems and they are about 25% of the population, now.
So, yes, I have met the Overlords, and they are us.
Our new debt will be valued on Chinese Yuan and Russian Roubles....
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