The "American Dream" is the opposite: Russia and China may abandon the dollar


The trade turnover between the Russian Federation and the PRC can become the basis for mutual settlements in rubles and yuan, since the US dollar, as a result of the actions of the FRS, is becoming an unsafe currency. This was announced on November 29 by Igor Sechin, Executive Secretary of the Commission under the President of the Russian Federation on the Development Strategy of the Fuel and Energy Complex and Environmental Safety, Chief Executive Officer of Rosneft, during the third Russian-Chinese Energy Business Forum.


The achieved volumes of trade between Russia and China create significant potential for the development of mutual settlements in yuan and rubles, since the role of the dollar is abused to achieve exclusively its own goals, as well as carried out by the US Federal Reserve System policy quantitative easing - in fact, the flooding of the world economics excess money supply - reduces the attractiveness of the dollar as the main currency of international settlements and calls into question the use of the dollar as a safe means of payment

- noted Sechin.

At the same time, according to the presentation of the head of Rosneft, the content of which is reported by TASS, the volume of trade between Russia and China this year will reach 130-140 billion dollars. And the target level for the coming years is reaching the level of $ 200 billion by 2024. Thus, the transition to mutual settlements in national currencies will allow both countries not only to strengthen the position of their own payment units in the international market, but also to weaken the grip of the American currency on the throat of the world economy, leading, as is the case in 2021, to an unprecedented export of inflation from the United States. to other countries, with which so far no one can do anything.

The American Dream is the other way around


The key problem is that there are simply no real mechanisms in the world to limit dollar emission from the outside. The United Nations, the International Monetary Fund, the World Bank, as well as any other international institutions are de facto unable to somehow influence how much and when US dollars will be released into circulation and spread throughout the world. And here's the paradox: for some reason, the fight against hunger and poverty in these organizations is regularly announced, but the statements of their functionaries are practically not mentioned about countering the uncontrolled emission of the American currency, which makes one particular country richer, and all others poorer.

And if someone thinks that Washington does not understand all the advantages of such a situation, then they are deeply mistaken. The American establishment has long been accustomed to the current irrational state of affairs. Moreover, he not only enjoys it, but also turns it into a kind of game. And as the US national debt reaches the previously set ceiling, the American parliament regularly raises it to a level capable of ensuring the further development of its economy. On paper, everything is usually heralded as the allocation of funds to cover the budget deficit. As it happened, for example, on October 15 this year, when US President Joe Biden signed a decree raising the country's national debt limit, previously approved by Congress and the Senate, "so that the federal government fully fulfills its obligations until early December." It's as simple as that: an expensive pen stroke and $ 480 billion, de facto, appear out of thin air. They appear so that by no means creeping, but for a number of countries it is quite a galloping inflation to spread all over the world.

Although almost five hundred billion, magically pulled out of the magician's hat by the American leadership, will seem like child's play next to the real picture of recent years. For reference: the negative balance of the American state budget for the 2020 fiscal year grew 3,2 times and amounted to a record $ 3,132 trillion - and this is the official statistics of the US Treasury. And even if we do not count in absolute figures, the budget deficit of the United States in 2020 turned out to be the maximum in the entire post-war period, amounting to more than 15% of GDP - the largest, it is worth noting, GDP in the world, if we count at face value. And now the million dollar question: who do you think ultimately paid to get the US out of its worst budget crisis in 76 years? However, perhaps it should be called rhetorical, because it hardly needs an answer.

American analytical agencies like to speculate about the share of the state in the economy and, for example, that in Russia it is too high, however, the fact that their own leadership began insolently to issue not billions, but trillions of unsecured dollars a year, why- they practically do not notice it. At the same time, the majority of American politicians and economists unanimously speak about the desire to "get out of the crisis" as soon as possible, thereby justifying the printing press launched on an industrial scale. But wait, if you are such adherents of the free market, then why interfere in such a radical way? In the end, there is a widely advertised concept of the "American Dream", associated primarily with the concept of a "self-made person", i.e. a citizen who, through extremely hard work, has reached certain heights in life. And how Washington's planned policy of printing money and living at the expense of the rest of the world relates to it is poorly understood. It is rather an American dream on the contrary - the desire to have everything without doing anything.

Ditching the dollar as a key principle of financial policy


The fact that people outside the circle of American satellites are talking more and more about the abandonment of the dollar testifies to the fact that the rest of the world is gradually beginning to understand that the United States is not only using its financial leadership, but, as noted above, is beginning to openly abuse it. And it is Russia and China that are now in the ideal position to be the first to start abandoning the dollar. In fact, Russia has already begun to do this, completely abandoning the American currency in the structure of the National Wealth Fund on July 5, 2021. However, this alone, obviously, is extremely small in order to in any way appreciably offend the hegemony of the dollar.

It is important to understand that not only foreign exchange holdings, but every transaction conducted in US currency actually supports US financial dominance. And if all countries of the world simultaneously announced the gradual abandonment of the dollar in any calculations, then its rate, in accordance with the laws of economics, would drop to almost zero. Too much unsecured American currency circulates outside the United States, and too much it will bring down the domestic American market if it is returned to its homeland, both in cash and non-cash forms. It is clear that such a scenario is, in principle, hardly feasible, given the current position of the United States in the world financial market, but it is precisely to its implementation in one form or another that those states that are not going to bow to Washington's policy should strive. And Russia and China, declared opponents of the United States, absolutely do not want to obey Uncle Sam.

Nevertheless, in order to implement such a thing, one should first of all take into account modern economic trends, because breaking someone else's dominance in the financial sphere, as a rule, is much more difficult than building your own. The more digitalized and globalized the modern economy becomes, the more the issue of joining forces plays in it. It is no coincidence that trade agreements between different countries have begun to be concluded so often in recent years.

And in the case of the campaign to de-dollarize Russia and China, it might be more logical not only to conduct transactions in rubles and yuan, but or even try to create some kind of common currency. For example, the European Union, which switched to a single European currency in non-cash circulation back in 1999, thus was able to strengthen its financial position, but also to exclude the US dollar from mutual settlements between the countries of the Eurozone. As a result, in terms of its share in international settlements, the euro is now practically on par with the “American”, although a quarter of a century ago it existed only as a draft on paper.

Single currency of Russia and China. Sounds ambitious and fantastic? Undoubtedly. But who said that pushing Washington away from the global financial trough would be easy? And who could have imagined, even after the end of World War II, that a little more than half a century later, all the guilders, francs, marks and other currencies that have circulated in Europe for centuries will sink into oblivion in order to give way to a new single monetary unit capable of uniting the financial power of the largest European countries ?

Of course, it is objectively impossible to completely stop all settlements in the American currency in the context of the accelerating processes of globalization in the world economy. Nevertheless, it is quite possible to reduce its use as much as possible in cases where it can be perfectly done without it. And it is Moscow and Beijing that today have a unique opportunity to start doing this and stand at the forefront of de-dollarization. Indeed, only one factor actually separates the United States from the final collapse of the concept of a unipolar world - the dollar. Everything else largely relies solely on it: the most powerful American economy, which is experiencing regular recessions, and the army with the largest defense budget in the world, which is not even able to secure a safe exit from the occupied country, and the welfare of society, in which polarization has reached such a level, that it seems, bring up a match and flash. The United States is certainly a colossus today. But his feet are not even clay, but paper. And the sooner the world stops believing in these very pieces of paper, the sooner it will finally get rid of the American hegemony, de facto proclaimed in 1991.
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  1. Demonlivi Offline Demonlivi
    Demonlivi (Dima) 1 December 2021 08: 09
    -1
    According to the plan of the Americans in 2005. The Russian Federation should increase trade with China and reduce trade with the European Union. And how the US needs a European market to survive. According to the US scenario, Russia's transition should be smooth and painless. But as you can see, he dragged on and rather with big breaks!
  2. Bakht Offline Bakht
    Bakht (Bakhtiyar) 1 December 2021 08: 22
    +3
    the volume of trade between the RF and the PRC this year will reach 130-140 billion dollars. And the target level for the coming years is reaching the level of $ 200 billion by 2024.

    Everything is well and correctly written. But the problem is that even in this article, the calculation is in dollars. Of course, the process is lengthy, and there is no other currency for comparison. But even $ 200 billion a year is not the volume that the world currency can notice (not to shake).
    For example

    Trade turnover between China and the United States at the end of 2020 increased by 8,3% year on year, to $ 586,72 billion, the PRC General Customs Administration reported.

    China's external trade in the first eight months of this year grew 34,2% year on year to $ 3,827 trillion. This was announced on Tuesday by the General Administration of Customs of the People's Republic of China.

    It is unlikely that China will give up the dollar with such a turnover.

    But the direction of movement is indicated absolutely correctly.
  3. Bulanov Offline Bulanov
    Bulanov (Vladimir) 1 December 2021 09: 48
    +1
    With its uncontrolled printing of money, the United States may soon turn its dollar into a Zimbabwean one. Maybe this is what they want to write off their debts easier?
  4. gunnerminer Offline gunnerminer
    gunnerminer (gunner miner) 1 December 2021 10: 42
    -7
    Will they refuse. Will they sell oil and gas for candy wrappers?
    1. 123 Offline 123
      123 (123) 1 December 2021 22: 35
      +2
      Will they refuse. Will they sell oil and gas for candy wrappers?

      Reread the article again. They are going to refuse from candy wrappers.
      1. gunnerminer Offline gunnerminer
        gunnerminer (gunner miner) 1 December 2021 23: 10
        -2
        Gathering does not mean giving up. We ate little porridge. Gaddafi also decided to refuse, a NATO aircraft carrier came to him. And the Russian government will not be bought at a high price. There are many secret, obvious friends of the USA and Great Britain.
        1. 123 Offline 123
          123 (123) 2 December 2021 00: 36
          +4
          Getting ready does not mean giving up. We ate little porridge.

          This is happening right now. The process is underway.

          Gaddafi also decided to refuse, a NATO aircraft carrier came to him.

          Where is the aircraft carrier? Serfdom and faith in the omnipotence of the lord in blood? smile

          And the Russian government will not be bought at a high price.

          Why haven't you bought it yet? You haven't saved up any money? In my opinion, you are making a typical mistake of people with low social responsibility. Are you used to measuring by yourself?

          There are many secret, obvious friends of the USA and Great Britain.

          You have no idea how many of them are in the United States. Trump is said to have been appointed
          1. gunnerminer Offline gunnerminer
            gunnerminer (gunner miner) 3 December 2021 00: 25
            -4
            This is happening right now. The process is underway.

            The budget desperately needs a hard currency. The economy is raw materials and rent. Despite the fact that Russia has reduced settlements in dollars with the BRICS countries by more than 30%, it will not be possible to get away from the use of the American currency in transactions in the near future. The main item of Russian export is raw materials, while hydrocarbon prices are still denominated in the US currency. Since insuring price fluctuations means spending extra money, giving up the dollar is going “tight.” The attempt of the Central Bank to reduce the share of the dollar in reserves in favor of the yuan (occupies 13,2% in the structure of reserves in the first half of 2019) and the euro (30,6 , 4%) also cost the country dearly. According to analysts' calculations, due to the depreciation of the yuan, the Central Bank missed at least $ XNUMX billion.

            Where is the aircraft carrier? Serfdom and faith in the omnipotence of the lord in blood?

            The obvious impotence of the Russian government in military construction, and in the increase in the level of consumption of Russians, especially zamkadnikov, even in comparison with the dwarfs of the former Yugoslavia, the Baltic States, Poland, Bulgaria, Romania, Hungary, Czech Republic, Slovakia.

            Why haven't you bought it yet? You haven't saved up any money? In my opinion, you are making a typical mistake of people with low social responsibility. Accustomed to measure on their own

            Many have already been bought. For example, the service path of the TAVKR Kuznetsov, the TARKR P. Veliky, the TARKR Lazarev, the TARKR Kirov. The fate of the Star of the Northern Capital's sharp-cut diesel engines, gas turbine units and gearboxes for Project 22350 frigates, the disruption of the serial production of the Su-57, the modernization of the Tu22M3, the modernization of the Tu-160. , affairs in the military transport aviation, the appointment of a graduate of the Omsk Infantry School of the Civil Code of the Russian Air Force. Wooden torpedoes, snail pace of construction of minesweepers. And so on.
            1. 123 Offline 123
              123 (123) 3 December 2021 00: 55
              +1
              The budget is in dire need of hard currency.

              You have so many emotions and so few facts. What do you mean desperately? how much is it in percentage? Where is the "desperate" border?
              You will not argue that the dollar is the only suitable currency? By the way, he is less and less consistent with this definition.

              The economy is resource-based and rent-based.

              If you intend to continue reading unfounded statements, I reserve the right to assess them and your mental abilities. hi

              Despite the fact that Russia has reduced settlements in dollars with the BRICS countries by more than 30%, it will not be possible to get away from the use of the American currency in transactions in the near future.

              Do you want to be blunt? I repeat.

              This is happening right now. The process is underway.

              This cannot be done right away. There are long term contracts. New ones are concluded on different conditions. Here's an example. The new conditions will begin to operate from May 2022.

              Moldovagaz will refuse from settlements with Gazprom in US dollars
              Moldova will settle accounts with Gazprom for gas supplied to the republic in euros and Russian rubles.

              https://neftegaz.ru/news/companies/713184-moldovagaz-otkazhetsya-ot-raschetov-s-gazpromom-v-doll-ssha/

              The main item of Russian export is raw materials, while hydrocarbon prices are still denominated in the US currency.

              You are tight. Someone claims that the process of avoiding settlements in dollars is complete? The share of the dollar in the calculations is consistently decreasing, by the way, as is the share of raw materials in exports.

              Many have already been bought. For example, the service path of the TAVKR Kuznetsov, the TARKR P. Veliky, the TARKR Lazarev, the TARKR Kirov. The fate of the Star of the Northern Capital's sharp-cut diesel engines, gas turbine units and gearboxes for Project 22350 frigates, the disruption of the serial production of the Su-57, the modernization of the Tu22M3, the modernization of the Tu-160. , affairs in the military transport aviation, the appointment of a graduate of the Omsk Infantry School of the Civil Code of the Russian Air Force. Wooden torpedoes, snail pace of construction of minesweepers. And so on.

              It is difficult to comment on this nonsense. What can I say. Nelson, polish the torpedo, take care of yourself, don't drive a splinter.
              1. gunnerminer Offline gunnerminer
                gunnerminer (gunner miner) 3 December 2021 01: 06
                -3
                You have so many emotions and so few facts. What do you mean desperately? how much is it in percentage? Where is the "desperate" border?
                You will not argue that the dollar is the only suitable currency? By the way, he is less and less consistent with this definition.

                A weak ruble is unprofitable for residents of Russia, because the population buys foreign products purchased for foreign currency. First, Russia is a major importer of high-tech products: cars, smartphones and household appliances.
                Secondly, foreign components are often used in the production of domestic goods. For example, in the period from 2018 to 2020, the share of imported cars in the Russian agricultural industry reached 60-80%.
                In order to increase non-resource exports with high added value, Russia needs investments for the implementation of large projects, production capacities and implementation of investment programs. This requires a favorable political environment and an influx of
                currency, preferably dollar. Foreign investors will not invest rubles.
                1. 123 Offline 123
                  123 (123) 3 December 2021 01: 51
                  +3
                  A weak ruble is unprofitable for residents of Russia, because the population buys foreign products purchased for foreign currency.

                  Do you intend to run stems on the topic like a flea? I have to disappoint, your "wide-format" semantic diarrhea is not interesting to me. Please write a set of slogans on the wall and re-read for yourself. Please do not shy away from the topic. Moreover, you are wrong, you cannot look 2-3 moves ahead. The low exchange rate stimulates the development of production within the country. These are jobs, taxes, and in the end, domestic products are cheaper than imported ones.

                  First, Russia is a major importer of high-tech products: cars, smartphones and household appliances.
                  Secondly, foreign components are often used in the production of domestic goods. For example, in the period from 2018 to 2020, the share of imported cars in the Russian agricultural industry reached 60-80%.

                  Firstly, cars and household appliances have been produced in Russia for a long time.

                  Secondly, the structure of imports is changing, the share of consumer goods and all kinds of components is decreasing, and import substitution is working.

                  By the nature of the end use, supplies of investment or industrial goods (27,1% of Russian imports), consumer goods (26,9%) and intermediate or semi-finished products (46%) are distinguished.
                  Imports of investment goods in 2020 increased by 3,3% up to 62,7 billion USD at
                  a simultaneous increase in the share in the total volume by 2,2 p.p. up to 27,1%. The main share of investment imports is mechanical and technical products (97,7%).
                  Supplies of intermediate goods (mainly consisting of components and equipment - 34,4%, reagents - 29%, metals - 15%) decreased by 6,8% up to $ 100,5 billion, primarily due to negative dynamics in parts and components of vehicles and electronics.
                  Imports of consumer goods decreased by 8,4% up to 62,3 billion US dollars. He
                  consisted mainly of food (36%), chemical products (20,9%), light industry (18,2%), as well as machinery and equipment (14,4%)



                  In order to increase non-resource exports with high added value, Russia needs investments for the implementation of large projects, production capacities and implementation of investment programs. This requires a favorable political environment and an influx of
                  currency, preferably dollar. Foreign investors will not invest rubles.

                  A dollar is desirable, is this your personal wish? Why, for example, is the euro worse? You are not right. Investment is declining and production is increasing.

                  Inflows of foreign direct investment (FDI) in and out of Russia in 2020 decreased by several times due to coronavirus restrictions in partner countries and lower prices for fuel and energy and other raw materials. The rise in flows in late 2020 - early 2021 comes amid a recovery in economic activity and a return in commodity prices to pre-pandemic levels. Global FDI inflows in 2020 fell 35% to $ 1 trillion due to a sharp contraction in economic activity due to the coronavirus pandemic. Developing countries suffered relatively less developed (-8,4% vs. -58,4%) due to the rapid restart of the Chinese economy in Q2020 62 and the subsequent significant inflow of investments to Hong Kong (an increase of 45,5% YoY, or $ XNUMX billion).
                  FDI inflows to Russia in 2019-2020 decreased by almost three times, from 32,0 to 8,7 billion US dollars, which is 1,5% of the inflow of investments in developing economies. At the end of 2020, the volume of foreign FDI stock in Russia amounted to USD 446,7 billion, having decreased by 8,5%.


                  https://fred.stlouisfed.org/series/RUSPROINDMISMEI
              2. gunnerminer Offline gunnerminer
                gunnerminer (gunner miner) 3 December 2021 01: 06
                -3
                If we discard all emotional patriotic impulses and take a sober look at the situation, then abandoning the dollar in Russia is not yet possible for several reasons that have not yet been eliminated or resolved in an alternative way:

                Russia keeps a gold-foreign exchange reserve in dollars As we described earlier in one of our previous articles about the Central Bank of the Russian Federation, the issue of rubles (i.e., the issue, printing of money and putting it into circulation) occurs only in the amount of dollars available Russia has a gold and foreign exchange reserve. Russia wants to print 75 rubles, which means that $ 1 should be in the gold-currency reserve. There will not be $ 1 in the gold-currency reserve, Russia simply has no right to print these 75 rubles (the current exact exchange rate of the ruble to the dollar can be clarified on the stock exchange). Of course, there is another currency in the gold reserves of Russia, but mainly dollars. The US itself prints its dollars differently. We also described in detail how the US dollar is issued in one of our previous articles about the Central Bank (FRS) of the United States.
                Russia has been keeping a huge chunk of its cash in US bonds, essentially investing in the economy of its main geopolitical adversary. Since 2007, Russia has been actively investing in US Treasury bonds. The peak of these investments fell in 2010 and amounted to more than $ 176 billion.In April 2018, Russia reduced these volumes by almost half, in 2019 the volume of Russian money in US bonds decreased by slightly less than $ 34 billion, which allowed Russia to leave the 30 the world's largest investors in the US government debt. And at the moment, the volume of Russian investments in US government bonds (US national debt) is slightly less than $ 5 billion. The amount compared to previous investments is quite small, but nevertheless, with the current dollar exchange rate of ~ 75 rubles, $ 5 billion is 375 000 000 rubles! And until this amount is reduced to the size of a financial safety cushion, the total volume of current investments in the American economy is still very large.
                While Russia is connected to the American payment systems Visa, Master Card, Maestro In 2014, when the United States imposed the first sanctions against Russia, the Russian government immediately began working on a new national payment system MIR, a system that would be more isolated and secure for Russia and its allies. However, despite the fairly widespread distribution of the new MIR payment system, despite the transfer of all budgetary organizations and their employees to the MIR, despite the technical ability of almost 100% of Russian ATMs to accept MIR cards, it is not yet able to fully replace the world payment systems Master Card or Visa. The most important difference between MIR cards from Visa or Master Card is that having a Visa or Master Card issued in Russia, when traveling abroad, you can pay by bank transfer in Russian rubles, which the system automatically converts into the currency of the country you are visiting (dollars, euros, tenge, lira or yuan), which eliminates the need to independently exchange currency, also losing in the difference in the exchange rate. The MIR system does not have such functionality, and it is unlikely that the Russian payment system will ever become international. This is despite the fact that, for example, the Chinese payment system UnionPay is recognized all over the world.
                1. 123 Offline 123
                  123 (123) 3 December 2021 06: 22
                  +1
                  Russia has been keeping a huge chunk of its cash in US bonds, essentially investing in the economy of its main geopolitical adversary. Since 2007, Russia has been actively investing in US Treasury bonds.

                  I kept it.
                  https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/s1_16101.txt

                  At the same time, it is unlikely that the Russian payment system will ever become international. This is despite the fact that, for example, the Chinese payment system UnionPay is recognized all over the world.


                  https://mironline.ru/support/list/karta_mir_za_granicej/
              3. gunnerminer Offline gunnerminer
                gunnerminer (gunner miner) 3 December 2021 01: 08
                -3
                This cannot be done right away. There are long term contracts. New ones are concluded on different conditions. Here's an example. The new conditions will begin to operate from May 2022.

                Things are heading for war, or for the complete isolation of Russia.
                1. 123 Offline 123
                  123 (123) 3 December 2021 06: 25
                  +2
                  Things are heading for war, or for the complete isolation of Russia.

                  To war with whom? Who is the brave one ready to take the risk?
                  And insulate, tape is not enough.
                  1. gunnerminer Offline gunnerminer
                    gunnerminer (gunner miner) 3 December 2021 11: 30
                    -2
                    NATO has already taken a risk several times. On the Syrian bridgehead, Russian servicemen, Wagner citizens of Russia were killed, and equipment worth millions of dollars was destroyed. NATO took a risk in the South Caucasus, last year. CSTO member Armenia was shattered. Japan is ready to risk, in vain that they built a fleet and aviation. .NATO is pushing the Ukrainian Armed Forces forward in the Donbass.
                    1. 123 Offline 123
                      123 (123) 3 December 2021 18: 42
                      +3
                      NATO has already taken a risk several times. On the Syrian bridgehead, Russian servicemen, Wagner citizens of Russia were killed, and equipment worth millions of dollars was destroyed. NATO took a risk in the South Caucasus, last year. CSTO member Armenia was shattered. Japan is ready to risk, in vain that they built a fleet and aviation. .NATO is pushing the Ukrainian Armed Forces forward in the Donbass.

                      In other words, NATOVtsy themselves will deign to show glasses?
                      Did they shatter Armenia? Azerbaijan to NATO? For a long time?
                      You say the Japanese are ready to take the risk? Are you sure?
                      I don't even want to talk about the ukrokaratels. Boring.
                      1. gunnerminer Offline gunnerminer
                        gunnerminer (gunner miner) 3 December 2021 19: 01
                        -5
                        Turkey joined NATO. She shattered the Idlib offensive, which was being prepared for a year. Armenia was shattered. The Turks were preparing the most important thing - opening targets, defenses of the NKAO, air defense systems. Mainly from the E-3 Sentri. The Japanese will not soon have such a convenient chance. At the same time, Shogu will check how he eliminated the stool's jambs in nine years.
  5. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 1 December 2021 11: 29
    0
    As always - they can, they cannot ...
    the same topic is written every six months at least.
    Rejection rates are on the rise, but the edge is not yet visible ...
    1. 123 Offline 123
      123 (123) 1 December 2021 22: 37
      +4
      As always - they can, they cannot ...
      the same topic is written every six months at least.
      Rejection rates are on the rise, but the edge is not yet visible ...

      This is a lengthy process. It is simply impossible to do this at once without huge shocks for the economy. Substitution and displacement are gradual.
      1. gunnerminer Offline gunnerminer
        gunnerminer (gunner miner) 3 December 2021 01: 09
        -4
        This is a lengthy process. It is simply impossible to do this at once without huge shocks for the economy.

        Especially for the Russian economy, tied to the dollar, thieves, corrupt, rent, and raw materials.
        1. 123 Offline 123
          123 (123) 3 December 2021 01: 53
          +3
          Especially for the Russian economy, tied to the dollar, thieves, corrupt, rent, and raw materials.

          This is very similar to the unsubstantiated statement of a vile, envious and very narrow-minded person. winked
          1. Fourth Horseman Offline Fourth Horseman
            Fourth Horseman (Fourth Horseman) 3 December 2021 03: 48
            +1
            What does it mean - similar?
            This is the way it is.
  6. gorenina91 Offline gorenina91
    gorenina91 (Irina) 1 December 2021 12: 36
    -9
    The "American Dream" is the opposite: Russia and China may abandon the dollar

    The trade turnover between the Russian Federation and the PRC can become the basis for mutual settlements in rubles and yuan, since the US dollar, as a result of the actions of the FRS, is becoming an unsafe currency.

    - Yes, yes, yes - that's exactly what it will be ... - Only the author missed some tiny nuance ... - "Russian gold and yuan" or = "yuan-Russian gold" ... - only this way and only this way ... - But what about the Russian ruble ??? - Well, maybe the ruble will remain - for walking in Russia and for mutual settlements among Russians - and the ruble will be so devalued that all residents of Russia assigned to the ruble will simply be tortured to count - it will be easier to measure the ruble by weight or by meters (as when- then they measured the amount in meters in "kerenks" in the last century - during the years of the revolution) ... - Well, the yuan in Russia will take the place of the dollar ...
    - So this kind of "monetary hierarchy" will emerge in Russia (and only in Russia); namely: at the top of the dollar - three steps below the yuan - and also, at the very bottom, the ruble with a myriad of zeros ...
    - In general, speaking of mutual settlements in rubles and yuan (speaking of payments, mutual settlements, trade transactions, agreements, etc., etc.) and speaking of "financial relations - in rubles and yuan" between the Russian Federation and the PRC ... - you just need remember about Russian depositors; about Russian bank savings that our Russian population keeps in banks that are located in Russia ...
    - All these deposits will simply turn into dust !!! - The inhabitants of Russia have already gone through this !!! - And more than once !!! - These are tens of millions of Russian citizens - they will simply turn into beggars. their miserable savings (bank deposits and simply - the accumulated money "under the pillow") will turn into dust !!! But the Chinese yuan will rise on Russian gold and on the devalued deposits of Russian investors - just like ... like ... like leaps and bounds !!!
    = That's the whole "final" - "trade and financial mutual settlements" in "rubles and yuan" between the Russian Federation and the PRC ...
  7. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 1 December 2021 13: 34
    +3
    Renminbi is officially a reserve currency and is part of the gold and foreign exchange reserves not only of the Russian Federation.
    The PRC, the world's largest economy, has a direct interest in promoting its currency on the world market, and for this, all the necessary structure has been created - a rating agency, an exchange, a bank, a bank transfer system, etc.
    The transition to mutual settlements in national currencies is a bait, a way to expand the use of renminbi in the world economy without infringing on the national pride of the political and economic interests of partners. Sooner or later, the PRC's need for this will disappear and it will refuse to trade in national currencies.
    For the Russian Federation, the transition to mutual settlements in national currencies is a forced measure, and settlements in national currencies with China are even beneficial, given the exchange rate difference and the replenishment of the gold and foreign exchange reserve. But, for this, the central bank of the Russian Federation should not allow hyperinflation, which is what it actually does instead of stimulating the economy, which was shown by the forum “Russia is Calling” - O. V. Deribaska spoke about this and others hinted at it.

    The IMF made attempts to change the rules of accounting and exchange trading in gold where large volumes of not actual, but paper gold are circulating, which is also available in the gold and foreign exchange reserves of all state institutions.
    This leads not so much to an increase in prices for actual gold, as it threatens with a collapse of the dollar and a global crisis, because the world economy is based on the dollar.
    Therefore, having a controlling stake in the IMF, the Sshasovites each time block any attempt to change the rules and continue to print their world banknotes without hindrance. The transition of certain state institutions to trade in national currencies has practically no effect on the dollar and the world economy.

    Smart people manage money and understand the situation better than others. There was an attempt on the territory of North America to introduce a single banknote - Amero, but it did not work. Now all the attention is focused on the summit of “democracies”. To begin with, what organizational form it will take, relations with the UN, prospects for monetary policy, etc.
    1. gorenina91 Offline gorenina91
      gorenina91 (Irina) 1 December 2021 16: 22
      -8
      Renminbi is officially a reserve currency and is part of the gold and foreign exchange reserves not only of the Russian Federation.

      Smart people manage money and understand the situation better than others. There was an attempt on the territory of North America to introduce a single banknote - Amero, but it did not work.

      - Well, you contradict yourself ... - Damn, in North America - this "did not work" (this "Amero" - "did not take place"); maybe - in Russia this will slip through ... - well, well ...
      - Although, well, what is colonial Russia is not the same (as the territory of North America) - but already for China, where China will try to "introduce a single banknote" - the Chinese "settlement colonial yuan" ... for walking and making payments only in Russia ... is an analogue of this "Amero" ...
      - During the Second World War, fascist Germany practiced walking the "occupation Reichsmark" - in the territories occupied by the Germans ... - Well, here ... here ... here - you can not continue ...
      - And in general - you can personally cite at least one single case - where Russia would benefit - from some kind of Russian-Chinese deal at the state level (and at other levels too) ... only colossal losses on the part of Russia ... - That's all the "trade" and "partner Russian-Chinese relations" ... - Even at the Russian shipyard "Zvezda" - where the Chinese - in fact - captured all the "tasty positions and places" and rip off Russia like sticky ...
      - And the "Power of Siberia", which Russia built on its own rubles - the Chinese did not even want to invest their "national currency" Renminbi there (not a yuan) ... - And this "Power of Siberia" is now working for China; and Russia does not know how to pay off the cost of this colossal project - where to get funds for this ... - only from taxpayers (yes, from pensioners ... - "in their funds") ...
  8. Miffer Offline Miffer
    Miffer (Sam Miffers) 1 December 2021 18: 07
    +1
    Rosneft Chief Executive Officer Igor Sechin at the third Russian-Chinese Energy Business Forum.

    Yes, yes, this Putin sidekick "can be trusted unconditionally." lol
    He was simply magnificent during negotiations with the Saudis in March 2020, literally showing the sheikhs "Kuzkin's mother", as a result of which the damned USD jumped from 66 to 72 rubles per unit in a matter of days, breaking through another wooden-ruble bottom. lol
    1. gorenina91 Offline gorenina91
      gorenina91 (Irina) 1 December 2021 20: 22
      -3
      Yes, yes, this Putin sidekick "can be trusted unconditionally." lol
      He was simply magnificent during negotiations with the Saudis in March 2020, literally showing the sheikhs "Kuzkin's mother", as a result of which the damned USD jumped from 66 to 72 rubles per unit in a matter of days, breaking through another wooden-ruble bottom.

      - Yeah...
      - My plus ...
    2. 123 Offline 123
      123 (123) 1 December 2021 22: 41
      0
      Yes, yes, this Putin sidekick "can be trusted unconditionally."
      He was simply magnificent during negotiations with the Saudis in March 2020, literally showing the sheikhs "Kuzkin's mother", as a result of which the damned USD jumped from 66 to 72 rubles per unit in a matter of days, breaking through another wooden-ruble bottom.

      One word from Sechin and the ruble fell by -6? Is he that powerful?
      And in 2014, is he too? What exactly did you say, don't remind me?
    3. The comment was deleted.
  9. Put_NIK Offline Put_NIK
    Put_NIK (Andrey) 1 December 2021 19: 05
    +1
    It is high time to do it. And to this also add the prohibition of the free circulation of the dollar on the territory of Russia.
    1. gunnerminer Offline gunnerminer
      gunnerminer (gunner miner) 3 December 2021 01: 10
      -2
      Take a chance. The population of Russia dreamed of a ban on the dollar. laughing
      1. Fourth Horseman Offline Fourth Horseman
        Fourth Horseman (Fourth Horseman) 3 December 2021 03: 53
        +2
        Wow! A cloudy individual makes a statement on behalf of the entire population ???))
        1. gunnerminer Offline gunnerminer
          gunnerminer (gunner miner) 3 December 2021 11: 25
          -3
          Wow, wow, we are all fighters against the dollar. laughing
  10. AND Offline AND
    AND 3 December 2021 21: 16
    -1
    Quote: gunnerminer
    Wow, wow, we are all fighters against the dollar. laughing

    What gorenina91, what are you ... One Euro-American gang. Shame on the nation, traitors.