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Don_G
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Russia-China Bond Market/New Dollarless System
Dec 4th, 2017 at 11:30am
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https://www.rt.com/business/411877-russia-china-bonds-dollar/

Could this be the beginning of the end for US monetary control?
  
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SkyChief
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Re: Russia-China Bond Market/New Dollarless System
Reply #1 - Dec 4th, 2017 at 1:07pm
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Could this be the beginning of the end for US monetary control?

The beginning of the end for US monetary control started a long time ago when BRICS abandoned the petrodollar.  This new Russia-China bond market might hasten things, though.
  
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Don_G
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Re: Russia-China Bond Market/New Dollarless System
Reply #2 - Dec 4th, 2017 at 1:16pm
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SkyChief wrote on Dec 4th, 2017 at 1:07pm:
The beginning of the end for US monetary control started a long time ago when BRICS abandoned the petrodollar.  This new Russia-China bond market might hasten things, though.


Good point!

But most Americans on this board won't agree with you on that. They are more likely to insist it won't matter.

Good for a laugh at least!
  
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Jeff
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Re: Russia-China Bond Market/New Dollarless System
Reply #3 - Dec 4th, 2017 at 7:00pm
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https://www.rt.com/business/411877-russia-china-bonds-dollar/

Could this be the beginning of the end for US monetary control?
I'm holding out hope that it means the end of fiat money everywhere, but I'm not holding my breath.
  
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Don_G
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Re: Russia-China Bond Market/New Dollarless System
Reply #4 - Dec 5th, 2017 at 1:31pm
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Jeff wrote on Dec 4th, 2017 at 7:00pm:
I'm holding out hope that it means the end of fiat money everywhere, but I'm not holding my breath.


Really dumb position for any American to take Jeff. You don't want to know why though. So let's make it another question you can ask me after you aks 'the' question.
  
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SkyChief
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Re: Russia-China Bond Market/New Dollarless System
Reply #5 - Dec 5th, 2017 at 3:05pm
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Jeff wrote on Dec 4th, 2017 at 7:00pm:
I'm holding out hope that it means the end of fiat money everywhere, but I'm not holding my breath.

When one fiat money goes tits-up, the rest will soon follow.  Venezuelan Prez Maduro says his country will create a cryptocurrency called the "petro," backed by oil reserves and other natural resources.

This should be interesting.   Smiley

  
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