US media: The US dollar is becoming more and more like the Soviet ruble

July 4 2020

Today's USA is more and more reminiscent of the USSR, writes the American media organization Project Syndicate.

Many aspects of the current annus horribilis ("terrible year") of America are reminiscent of the last years of the USSR, starting with the aggravation of social and political conflicts

- explain in PS.

PS noted that the USSR collapsed very quickly and many did not believe that this could happen at all. Likewise, analysts say, could happen to the United States. They compared the political and economic instability in America with the period of the destruction of the USSR.

According to experts, the American dollar is becoming more and more like the Soviet ruble. Moreover, they compared Wall Street to the State Planning Commission, whose actions were called harmful to the economy.

Experts believe that the hegemony of the dollar in the world lasted a long time, as the United States was an open and predictable country with a stable economy, guaranteeing the safety of assets. However, this balance has now been disrupted and the situation is changing rapidly due to the COVID-19 pandemic and digital globalization.

US President Donald Trump did the most harm to the dollar system by his actions, who for 3,5 years used the American currency as a lever of pressure on his opponents to achieve his foreign policy goals. Naturally, this provoked a response.

Russia, China and a number of other countries are thinking about creating alternative financial mechanisms and getting out of the dollar system. Even US allies in Europe began to develop their payment instruments because of Washington's unpredictability. And thanks to digitalization, a global payment revolution can generally occur in the world.

Under President Trump, America has become an international disgrace

- emphasize in PS.

The flaws of the American system are already obvious, so the competence and effectiveness of the dollar can be called into question. Under the current circumstances, the purchasing power of the dollar cannot remain the same as before. If alternative safe assets appear in the world that are supported by non-governmental service providers, the dominance of the dollar will cease.

Photos used: https://www.piqsels.com/

26 comments

Information

Dear reader, to leave comments on the publication, you must sign in.

Offline 123

123 (123) 4 July 2020 17: 20

+3

6

3
Today they give 70 rubles for a dollar, and soon they will give in the face.
1. Offline Igor Pavlovich
  
  Igor Pavlovich (Igor Pavlovich) 4 July 2020 17: 45
  
  +6
  
  6
  
  0
  
  And under the USSR, they gave 69 kopecks for a dollar, and from 3 to 15 years ...
  1. Offline Nikolay Malyugin
    
    Nikolay Malyugin (Nikolai Malyugin) 5 July 2020 06: 56
    
    +2
    
    2
    
    0
    
    And as they stopped giving from 3 to 15 years, the USSR collapsed. At the grassroots level in 1986-1991, the dollar grew by leaps and bounds.
2. Offline Oleg Rambover
  
  Oleg Rambover (Oleg Pitersky) 4 July 2020 23: 42
  
  +2
  
  3
  
  1
  
  Dream, dream ...
  1. Offline 123
    
    123 (123) 5 July 2020 15: 19
    
    +1
    
    2
    
    1
    
    Dream, dream ...
    
    What does the dream have to do with it? I am talking about facts. The share of the dollar in international settlements fell to 39,7%, not so long ago it was more than 63%, I still remember the world without the Euro, then the share of the dollar was under 90%. The trend however.
    Tell us about "DOLLARNASHEFSE", preferably with argumentation. Tell the world about your forecasts, tell how the dollar is strengthening its position.
    1. Offline Oleg Rambover
      
      Oleg Rambover (Oleg Pitersky) 5 July 2020 17: 36
      
      0
      
      1
      
      1
      
      Mikhail Leontiev also cited facts, twenty years have passed, it was getting dark, but the dollar still does not fall.
      How long will it take for a dollar to be "kicked in the face"? Soon in your understanding - this is when? It seems that most of the leaders of the Ministry of Finance and the Central Bank of the world are not as smart as you, and continue to keep their reserves in dollars. As long as the dollar is the main reserve currency of the world, nothing will happen to it.
      
      https://www.forbes.ru/finansy-i-investicii/364901-bezgranichnaya-vlast-smozhet-li-drugaya-valyuta-potesnit-dollar-na
      
      Nothing lasts forever under the moon, but "soon" is decades, if not a century.
      1. Offline 123
        
        123 (123) 5 July 2020 18: 30
        
        +1
        
        2
        
        1
        
        Mikhail Leontiev also cited facts, twenty years have passed, it was getting dark, but the dollar still does not fall.
        
        Mikhail Leontiev has some kind of work to say. 20 years have passed, it has become dark and continues to darken.
        Or did you see the glow of dawn?
        
        How long will it take for a dollar to "get in the face"? Soon, in your understanding, this is when?
        
        In your understanding soon - is it tomorrow or in an hour? If the decline continues at the same pace, in 20 years the dollar will equal the British pound. But this is if everything will continue as before, but events may accelerate.
        How soon this will happen depends on the actions of the Americans themselves and of their "opponents."
        
        It seems most of the leaders of the Ministry of Finance and the Central Bank of the world are not as smart as you are, and continue to keep their reserves in dollars.
        
        It seems that they are not as smart as you, and are constantly reducing the share of the dollar in reserves.
        
        While the dollar is the world's main reserve currency, nothing will happen to it.
        
        Thanks for the link, I read with interest the opinion of Americans about the prospects for the dollar. Do you think Forbes is the height of objectivity and impartiality? Let's see what they write.
        
        - The value of the dollar in international settlements is gradually decreasing ...
        - It is also widely believed in the world that the dollar is used too widely ...
        - According to the international organization of calculations SWIFT, about 40% of payments are made in dollars. At the same time, the share of the American currency is falling very slowly ...
        - At the same time, according to IMF, dollar-denominated assets account for more than 62% in the reserves of the central banks of the world. This figure is also gradually decreasing, while the euro, pound and yuan are gradually increasing their share ...
        
        Forbes does not question the decline in the role of the dollar, the only question is the timing and pace.
        It also describes the reasons why the dollar has taken a leading position.
        
        The dollar in the first half of the 1913th century, especially after the Second World War, began to strengthen its influence by seizing it from the pound (see the work of Eichengreen). In a certain sense, this was facilitated by the creation in XNUMX of the US Central Bank - the Fed.
        
        After the war, when the dollar "climbed onto the pedestal", the US GDP was more than half of the world GDP, now it is 20%. Do you see the reasons for the trend change?
        
        It is also worth noting that the US economy grew very confidently and used innovative potential in terms of technology, and this formed a demand for the country's goods and services.
        
        The USA is losing its leading position in technological potential, and consequently its influence.
        
        World trade also expanded gradually, leading to formal organizations streamlining the relations of countries under the GATT (General Agreement on Tariffs and Trade; served as the World Trade Organization) and then the WTO in the 1990s.
        
        The control over world trade is lost; the United States is about to leave the WTO.
        
        Finally, US bonds turned out to be the most risk-free - the US has never yet defaulted on Treasury obligations
        
        Demand for treasury bonds falls, it came to the point that the Fed bought them in the spring ....
        
        At the same time, the markets of the Anglo-Saxon countries are most likely to be the most developed in terms of attracting investors, so in many cases it is easier to go out with stocks or bonds to stock exchanges in London and New York than in Paris or Moscow.
        
        The situation with the stock market is also gradually changing.
        
        Nothing lasts forever under the moon, but "soon" is decades, if not a century.
        
        Maybe decades, if "overseas citizens" themselves do not accelerate events.
        If we talk about the "century", I doubt it very much. What is your exorbitant optimism based on? Blind Faith?
        
        Offline Oleg Rambover
        
        Oleg Rambover (Oleg Pitersky) 6 July 2020 13: 44
        
        -1
        
        0
        
        1
        
        Oh yo ...
        Brevity is clearly not one of your talents.
        
        Quote: 123
        Or did you see the glow of dawn?
        
        Rather, you saw the dawn of a beautiful new world without a dollar.
        
        Quote: 123
        In your understanding soon - is it tomorrow or in an hour? If the decline continues at the same pace, in 20 years the dollar will equal the British pound.
        
        Is 20 years old for you soon ?! Are you going to live forever? For me, soon, well, at least up to 5 years. If the size of the US economy shrinks to the size of the British, then it is possible, but the likelihood of such a development of events is vanishingly small.
        
        Quote: 123
        Forbes does not question the decline in the role of the dollar, the only question is the timing and pace.
        
        From the end of the Bretton Woods system of almost fixed rates in 1976 until the early 1990s, the dollar’s share in international reserves fell from 80% to 45%, to soar again to 70% in the early 2000s, why start to gradually decline to 60% after the dotcom bubble and again grow up a bit after 2013.
        
        It was 80%, then 45% became, then 70%. Now a little more than 60. Over 45 years it has decreased by less than 20%. And hesitated greatly in these years. At that rate, in just a hundred years, 20% may become.
        
        Quote: 123
        Maybe decades, if "overseas citizens" themselves do not accelerate events.
        If we talk about the "century", I doubt it very much. What is your exorbitant optimism based on? Blind Faith?
        
        First, see above.
        Secondly, how to store reserves is, first of all, a matter of trust. The dollar is trusted today, it has a good "credit" history. The euro is a relatively young currency and the credibility of it is lower (you, by chance, do not predict the end of the EU?). And actually, that's all. There are no more alternatives. When a more trusted currency appears (and decades of stability have to pass to begin to trust), then this will happen. But so far this is not visible in the immediate historical perspective. I guess my blind faith is no more blind than yours in
        
        Today they give 70 rubles for a dollar, and soon they will give in the face.
        
        Offline 123
        
        123 (123) 6 July 2020 15: 06
        
        +2
        
        2
        
        0
        
        Oh yo ...
        Brevity is clearly not one of your talents.
        
        Apparently not.
        
        Is 20 years old for you soon ?! Are you going to live forever? For me, soon, well, at least up to 5 years. If the size of the US economy shrinks to the size of the British, then it is possible, but the likelihood of such a development of events is vanishingly small.
        
        S said, "if the decline continues at the same rate," that the rate will be the same is far from a fact.
        
        It was 80%, then 45% became, then 70%. Now a little more than 60. Over 45 years it has decreased by less than 20%. And hesitated greatly in these years. At that rate, in just a hundred years, 20% may become.
        
        Are you talking about the share of currency in reserves? They are declining after a share in international settlements. If money is not needed for payments, the need to have it is reduced. Consequently, the share in reserves will fall following a decrease in the volume of payment transactions.
        
        I still do not see any real justification for your point of view. Facts, trends, premises ... Everything again rests on faith or, if you like, trust. Like that:
        
        Secondly, how to store reserves, it is primarily a matter of trust. To the dollar trust today, he has a good credit history.
        
        And confidence is falling, the demand for Treasury securities is falling, in the spring they were stupidly bought by the Fed, 2 trillion was allocated for them and "toxic mortgages." Where did they come from - these 2 trillion, can you tell me? Do you think such measures strengthen confidence in the dollar? And the ban on trading in dollars? The US is clearly abusing its "privileged" position in the financial system.
        
        Euro is a relatively young currency and confidence in it is lower (do you, by chance, do not predict the end of the EU?). And actually, that's all. There are no more alternatives. When a currency appears that you trust more (and to start trusting, decades of stability must pass), then this will happen.
        
        The "digital" yuan is on its way, the ruble is, of course, still far from them in terms of scale, but a part of the "market" and it "bites off" and its role will only grow. There is also Iran and a number of countries aimed at de-dollarization. The Chinese are preparing an alternative to SWIFT, CIPS is already working, there is a Russian SPFS.
        
        I think my blind faith is no blinder than yours in
        
        Today they give 70 rubles for a dollar, and soon they will give in the face.
        
        Wait and see. I rely on facts, I look at trends. So far, apart from "trust", I see no real arguments for you. Basically, it all comes down to "good credit history", they say, the system is working, which means it will continue this way, and there is no alternative, but this is far from the case.
        
        Offline Oleg Rambover
        
        Oleg Rambover (Oleg Pitersky) 6 July 2020 16: 56
        
        -1
        
        0
        
        1
        
        Quote: 123
        Are you talking about the share of currency in reserves? It is declining after a share in international settlements. If money is not needed for payments, the need to have it is reduced. Consequently, the share in reserves will fall following a decrease in the volume of payment transactions.
        
        If you say that the calculations decreased from 90% to 40%, and the share in reserves increased over the same period, this dependence is at least not linear.
        
        Quote: 123
        I still do not see any real justification for your point of view. Facts, trends, prerequisites ... Everything again rests on faith, or if you want trust.
        
        You gave statistics about the decrease in the share of dollars in international payments, I gave statistics on reserves. What is the difference between us?
        And by trust ... This is not a question of my trust, but a matter of trust of humanity as a whole.
        
        Quote: 123
        And confidence is falling, the demand for Treasury securities is falling, in the spring they were stupidly bought by the Fed, 2 trillion was allocated for them and "toxic mortgages." Where did they come from - these 2 trillion, can you tell me? Do you think such measures strengthen confidence in the dollar? And the ban on trading in dollars? The US is clearly abusing its "privileged" position in the financial system.
        
        It may be falling, but obviously at a pace lower than you would like.
        Perhaps such actions by the Fed and reduce confidence in the dollar, but obviously not so much that they would begin to abandon it.
        
        Quote: 123
        The "digital" yuan is on its way, the ruble is, of course, still far from them in terms of scale, but a part of the "market" and it "bites off" and its role will only grow. There is also Iran and a number of countries aimed at de-dollarization. The Chinese are preparing an alternative to SWIFT, CIPS is already working, there is a Russian SPFS.
        
        How many percent is the yuan in the calculations? And how much in reserves. Recently, the PRC authorities devalued the renminbi in order to increase the competitiveness of their products. Do you think this increases confidence in the renminbi, especially digital? As long as the Communist Party rules in China, the yuan will not become a replacement for the dollar.
        RF is yes. In recent years, such economic successes, the ruble as a rock is unshakable. And taking into account the foreign policy successes of the Russian Federation, the share of the ruble in calculations and gold reserves is growing, probably not by the day, but by the hour.
        Oh, Iran is power, the global financial system is in awe.
        
        Quote: 123
        Wait and see. I rely on facts, I look at trends. So far, apart from "trust", I see no real arguments for you. Basically, it all comes down to a "good credit history", they say, the system is working, which means that it will continue this way and there is no alternative, and this is far from the case.
        
        You rely on facts that suit you. Yes, in the calculations, the euro has replaced the dollar, does it make you happy? You like the euro more. I doubt that this is a harbinger of the collapse of the dollar. In reserves, the dollar decline is insignificant and can hardly be called a trend, rather fluctuations. It was much less than now. In short, the Karachun dollar can only be trusted. And what is the alternative to the evergreen? While governments around the world, except for some especially gifted ones, choose it for storing reserves, they probably just believe it.
        
        Offline 123
        
        123 (123) 6 July 2020 17: 58
        
        +1
        
        1
        
        0
        
        If you say that the calculations decreased from 90% to 40%, and the share in reserves increased over the same period, this dependence is at least not linear.
        
        Why grew up? It decreases, it just happens with a delay.
        
        http://www.profinance.ru/news/2019/09/30/bunr-mvf-dolya-dollara-v-mirovykh-rezervakh-sokratilas-do-minimumov-s-2013-goda.html
        
        You gave statistics about the decrease in the share of dollars in international payments, I gave statistics on reserves. What is the difference between us?
        And by trust ... This is not a question of my trust, but a matter of trust of humanity as a whole.
        
        Forgive me, but I did not see any statistics, "the share in the reserves increased over the same period" - these are just words. If the share in settlements and reserves decreases, it seems that the limit of trust is close to being exhausted. Moreover, it is not worth talking about all of humanity. Many simply use the available financial instrument with no alternative.
        
        How many percent is the yuan in the calculations? And how much in reserves.
        
        A little, but it is growing. Not so long ago, the Euro held a small share. And economic potentials are comparable.
        
        Do you think this increases confidence in the renminbi, especially digital? While in China, the Communist Party of the yuan will not become a replacement for the dollar.
        
        Come on. China somehow caught up with the United States in terms of GDP and no Communist Party prevented this. There is nothing to do with ideology.
        
        RF - yes. In recent years, such economic successes, the ruble as a rock is unshakable. And taking into account the foreign policy successes of the Russian Federation, the share of the ruble in calculations and gold reserves is growing, probably not by the day, but by the hour.
        Oh, Iran is power, the global financial system is in awe.
        
        I did not say that the ruble remained stable, it has nothing to do with economic success. Want to see the hryvnia exchange rate? It is much more stable. 4 year course is almost unchanged.
        
        https://www.banki.ru/products/currency/uah/
        
        Tell us about their economic success?
        Iran’s share, of course, is not large, and so far Russia, too, but it’s not worth talking about trust in the dollar of the whole world. This is not true.
        
        You rely on facts that suit you. Yes, in the calculations, the euro has replaced the dollar, does it make you happy? You like the euro more. I doubt that this is a harbinger of the collapse of the dollar.
        
        This is not entirely true. My conclusions are based on facts, how can they contradict them? Do not like these - bring others. What does it have to do with happy or not happy, like - do not like? It looks like it saddens you. I'm just trying to analyze the data, and you are struck by emotions. I did not say that the Euro is a harbinger of the collapse of the dollar, but it is regaining its share. Yuan will go along this path, and not only him. Your doubts are based on what? Does everything rest against trust again?
        
        In reserves, the dollar decline is insignificant and hardly a trend, rather, fluctuations. It was much less than now.
        
        You can call it oscillations, even convulsions, the essence of this does not change. The proportion is declining, and this is a fact.
        
        In short, the Karachun dollar can only be trusted.
        
        I just present facts and draw conclusions. You again transfer everything into the plane of "faith".
        Do you think I'm wrong? Give other facts "convenient for you".
        
        And what is the alternative to the evergreen?
        
        In a sense, there will be no alternative; in the sense, there will be no dominant currency. I believe there will be several regional ones. Euro, yuan, you will laugh, but the ruble (in the post-Soviet space), Yen, I think the list is not complete.
        
        While governments around the world, except for some especially gifted ones, choose it for storing reserves, they probably just believe it.
        
        Rather, they simply have no alternative.
        
        Offline Oleg Rambover
        
        Oleg Rambover (Oleg Pitersky) 7 July 2020 00: 36
        
        -1
        
        0
        
        1
        
        Quote: 123
        Why grew up? It decreases, it just happens with a delay.
        
        http://www.profinance.ru/news/2019/09/30/bunr-mvf-dolya-dollara-v-mirovykh-rezervakh-sokratilas-do-minimumov-s-2013-goda.html
        
        It depends on how you look. If you take finsovetnik.com from your beloved,
        
        we can say that over 25 years the dollar’s share in world reserves has not changed, and if we take it from the mid-80s, when the share fell to 45%, then we can say that it’s growing.
        You said:
        
        Quote: 123
        I still remember the world without the Euro, then the dollar share was under 90%. The trend however.
        
        96 the world without the euro is quite imaginary, I don’t know if the dollar share was under 90% then, it’s on your conscience, but we see that the dollar share in reserves has not changed since then. The trend however.
        
        Quote: 123
        A little, but it is growing. Not so long ago, the Euro held a small share. And economic potentials are comparable.
        
        When did the euro take a small share? Since the introduction, it has occupied more than 20%.
        Better compare with the dollar, it would take 100 years to become a world currency (again).
        
        Quote: 123
        Come on. China somehow caught up with the United States in terms of GDP and no Communist Party prevented this. There is nothing to do with ideology.
        
        Well, firstly, according to the teaching staff, and not at face value, but oh well, we will not complain about the little things. The question is not ideology, the question is in the form of government. Autocracies have their own shortcomings, now irremovable Xi Jinping will fall into insanity, and will decide that the whole country should catch sparrows, as in old days. And the whole country will catch, and the happy leaders of the Central Bank of the countries invested in the yuan will watch their reserves evaporate. The transfer of power in this form is correct rather stressful story, including for the economy.
        I’m not talking about the challenges facing China directly.
        
        Quote: 123
        I did not say that the ruble remained stable, it has nothing to do with economic success. Want to see the hryvnia exchange rate? It is much more stable. 4 year course is almost unchanged.
        
        https://www.banki.ru/products/currency/uah/
        
        Tell us about their economic success?
        Iran’s share, of course, is not large, and so far Russia, too, but it’s not worth talking about trust in the dollar of the whole world. This is not true.
        
        Hryvnia claims the honorary title of world currency?
        Judging by the link you translated
        http://www.profinance.ru/news/2019/09/30/bunr-mvf-dolya-dollara-v-mirovykh-rezervakh-sokratilas-do-minimumov-s-2013-goda.html
        still trusted for savings of over 60%.
        
        Quote: 123
        This is not entirely true. My conclusions are based on facts, how can they contradict them? Do not like these - bring others. What does it have to do with happy or not happy, like - do not like? It looks like it saddens you. I'm just trying to analyze the data, and you are struck by emotions. I did not say that the Euro is a harbinger of the collapse of the dollar, but it is regaining its share. Yuan will go along this path, and not only him. Your doubts are based on what? Does everything rest against trust again?
        
        How, how ... so. You claimed that the share of reserves is a function of the share of calculations, but according to your sources, this is not so. My doubts are based on the lack of sane alternatives, and your optimism, apparently, is based on faith.
        Yes, trust. Money (any, including the ruble) is a kind of fiction, obligations are unknown in what. And they are exchanged for some values precisely because of the belief that they are worth something.
        https://ru.wikipedia.org
        Why should the dollar be different?
        
        Quote: 123
        In a sense, there will be no alternative; in the sense, there will be no dominant currency. I believe there will be several regional ones. Euro, yuan, you will laugh, but the ruble (in the post-Soviet space), Yen, I think the list is not complete.
        
        As they say, blessed are those who believe. What is the share of China in world GDP, 18%? In your opinion, should the yuan take the appropriate share in both the calculations and the reserves? How long will he take this share, how soon? Cognac put?
        And the ruble, in the post-Soviet space, Ukraine is the largest country. Second Uzbekistan, yes there. Then Kazakhstan and Belarus, not everything is good with them either.
        
        Quote: 123
        Rather, they simply have no alternative.
        
        Are they forced to take damned dollars? They would take the yuan.
        
        Offline 123
        
        123 (123) 6 July 2020 18: 29
        
        0
        
        0
        
        0
        
        In addition. Here the article came out, I recommend reading it. This is the opinion of the eastern neighbors about "economic success"
        
        https://inosmi.ru/economic/20200706/247709659.html
        
        Offline Oleg Rambover
        
        Oleg Rambover (Oleg Pitersky) 7 July 2020 00: 45
        
        -1
        
        0
        
        1
        
        And what, Japan switched to settlements in rubles? How many reserves do they have in it?
Offline Arkharov

Arkharov (Grigory Arkharov) 4 July 2020 17: 30

0

2

2
Experts believe that the hegemony of the dollar in the world lasted a long time, as the United States was an open and predictable country with a stable economy, guaranteeing the safety of assets.

- understood nothing. And what, the ruble in Soviet times was the predominant means for international payments? And why haven’t all the dollar reserves been bought for 3 rubles? Probably, even for this money nobody needs them?
1. Offline Bitter
  
  Bitter (Gleb) 4 July 2020 21: 24
  
  -3
  
  2
  
  5
  
  ... the ruble in Soviet times was the predominant means for international payments?
  
  One can safely say that it was a means for international payments and even harder than some other world currencies, and today?
  
  ... why haven’t all the dollar reserves been bought for 3 rubles?
  
  Because at the international level, some played gentlemen, others simply lay in positions and did nothing, and some even harmed secretly. Yes, there was no such purpose, in the USSR the bulk of the dollar like that same Joe was not needed by anyone, all loans for private owners and, in general, inside a normal independent state were in national currency.
  Then everything was sold to poor partners, but at a cheaper price, and loans appeared in dollars, pounds, etc., and how much counterfeit money was imported into the USSR in "bags" in the late 80s, history is silent about this.
Offline boriz

boriz (boriz) 4 July 2020 17: 58

+5

6

1
Delirium immediately in the title. Where is it written on the dollar that it is provided with all the wealth of the state? They have nothing to do with the US state.
1. Offline Vladimir Tuzakov
  
  Vladimir Tuzakov (Vladimir Tuzakov) 4 July 2020 21: 23
  
  -1
  
  1
  
  2
  
  As soon as the US began to doubt the future of the dollar, it would smell like a fried dollar faster than many expect ... Globalists - bankers, mainly the United States, pushed and held the dollar with world currency due to the economic and military power of the United States. For this world hegemony, the dollar was the main organizer of two world wars. Now the globalists have been pushed away from the US government, they have cut down the basics of holding the dollar with the only world currency, well, you must wait for the consequences without fail ...
Offline Sergey Latyshev

Sergey Latyshev (Serge) 4 July 2020 23: 52

+3

4

1
Ага.
In the meantime, USD 71,37 + 0,82 bucks rises in price .... The elite takes bucks off a hill .....
Offline zokhid mirakhmedov

zokhid mirakhmedov (zokhid mirakhmedov) 5 July 2020 10: 10

-1

2

3
The great mistake of the Soviet state was that the Council kept people under pressure. America's achievements have opened democracy to the development of the state. If Russia supported the currency in a transparent way during the Soviet era, Russia would not have allowed the United States to become such a great country today. The Soviet era never allowed the development of the people.
Offline zokhid mirakhmedov

zokhid mirakhmedov (zokhid mirakhmedov) 5 July 2020 10: 16

-2

2

4
In European and American countries, so far, everything serves the people. The states of the former Soviet era, on the other hand, serve only the state monopoly. The difference is that in American and European countries people think freely. Russia can never serve the interests of people like America and Europe.
1. Offline Bitter
  
  Bitter (Gleb) 5 July 2020 11: 10
  
  0
  
  2
  
  2
  
  ... in American countries, so far everything is serving the people.
  
  Tell this to American Indians and the rest of the population with a slightly different skin color. Although, as an option, you must first decide on the wording "people".
  
  Russia can never serve the interests of people like America and Europe.
  
  Just a moment. In Russia there is also a population and a bunch of different peoples and nationalities, why should it serve some American interests?
  
  Development is not a discussion of someone else, but work on oneself.
  
  In order to compare, it is necessary to discuss. Otherwise, it is easy to fall into error and instead of development to get degradation.
  
  Why the subject is only dollars.
  
  Probably, envy and deep disappointment at the fact that they didn’t even lose their ruble once, but surrendered in an ingratiating and servile way along with peoples, interests and positions.
Offline zokhid mirakhmedov

zokhid mirakhmedov (zokhid mirakhmedov) 5 July 2020 10: 37

0

0

0
Friends, why do we spend time talking about other people's lives? Why don't other people talk about us? They always spend time in their work. Is it not gossip about those people who prevent us from developing? Why do not we think how good people are. Development is not a discussion of someone else, but work on oneself. Why the subject is only dollars. This topic was annoying. Let's talk about another topic.
1. Offline Rashid116
  
  Rashid116 (Rashid) 5 July 2020 12: 12
  
  +3
  
  3
  
  0
  
  I agree, you need to think about your country and people. Zadolbali already our leaders looked every black man in the ass and look for approval there or some other goodies.
Offline All-seeing eye

All-seeing eye (All-seeing eye) 6 July 2020 11: 14

0

1

1
If the dollar collapses, then our entire banking system will collapse behind it, for they take all cheap loans at meager interest in dollars and then resell to us already at gigantic interest.
Offline dabyl

dabyl 6 July 2020 22: 47

0

0

0
But it’s interesting what our citizens who keep their savings in dollars will do. Will they rally so that our state compensates them for their damage?