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Russia refused to pay in dollars $

 
interflug
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Russian Federation
12/24/2018 04:03 AM
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Russia refused to pay in dollars $
Russia is no longer using payments in dollars in large trade contracts, said Industry and Trade Minister Denis Manturov in an interview with RBC. For example, the delivery of anti-aircraft missile systems S-400 is paid in rubles or in national currencies of the buying countries. As Manturov said, in national currencies, in particular, India, Turkey and China are paying.

With India, a contract for five billion dollars was concluded in early October of this year, according to which the country will receive five C-400 regiments. Turkey should get four divisions worth $ 2.5 billion, the agreement was signed in December 2017. China has acquired six divisions worth over three billion dollars.

Manturov clarified that barter schemes, when it was possible to pay for enterprises "either with Chinese stew or with puffs," were already taking place in the nineties. Now, they, according to the minister, fortunately, are not used.

Earlier it was reported that Russia and China are preparing an agreement on mutual settlements in national currencies. According to the head of VEB Igor Shuvalov, the document can be signed before the end of the year.
[link to news.mail.ru (secure)]
I do not speak English, I use Google translator
Anonymous Coward
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United Kingdom
12/24/2018 09:10 AM
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Re: Russia refused to pay in dollars $
Loads of countries are doing this now for a few months at least.
Leftfoot

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12/24/2018 10:01 AM
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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
There's a pretty little thing
Waiting for the King
Down in the Jungle Room
Pilgrim001

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12/24/2018 10:05 AM

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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


Nixon sold all of our gold at $32 per oz. He ran out of gold to sell and had to close the window.
That was when we stopped redeeming dollars for gold and went to Fiat money.

Last Edited by Pilgrim001 on 12/24/2018 10:06 AM
Toxic Individualist.

Don't forget to have your Liberals spayed or neutered....Stolen

Racism will end when Black on White crime ends. The greatest black on white crime was the Obama presidency.


Communism is for LOSERS
Communism is SLAVERY
Leftfoot

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12/24/2018 10:05 AM
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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


Nixon sold all of our gold at $32 per oz. He ran out of gold to sell and had to close the window.
 Quoting: Pilgrim001


fuck him and everything to do with him


he was a fucking idiot
There's a pretty little thing
Waiting for the King
Down in the Jungle Room
Anonymous Coward
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12/24/2018 10:06 AM
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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


His dumbass didn’t think all that up himself. He did whatever he was told so people liked him
Pilgrim001

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12/24/2018 10:08 AM

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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


Nixon sold all of our gold at $32 per oz. He ran out of gold to sell and had to close the window.
 Quoting: Pilgrim001


fuck him and everything to do with him


he was a fucking idiot
 Quoting: Leftfoot


Don't forget he launched the War on Drugs (WOD), that has cost us all of our personal privacy and created the police state, and almost never ended the Viet Nam war.
Toxic Individualist.

Don't forget to have your Liberals spayed or neutered....Stolen

Racism will end when Black on White crime ends. The greatest black on white crime was the Obama presidency.


Communism is for LOSERS
Communism is SLAVERY
Pilgrim001

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12/24/2018 10:09 AM

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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


His dumbass didn’t think all that up himself. He did whatever he was told so people liked him
 Quoting: The Meddler


The Federal Reserve advised him, no doubt. And Kissinger.
Toxic Individualist.

Don't forget to have your Liberals spayed or neutered....Stolen

Racism will end when Black on White crime ends. The greatest black on white crime was the Obama presidency.


Communism is for LOSERS
Communism is SLAVERY
Nobody You Know

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12/24/2018 10:20 AM

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Re: Russia refused to pay in dollars $
Fight The Power

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Greece
12/24/2018 10:30 AM
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Re: Russia refused to pay in dollars $
Whatever...Russia’s economy is failing and lots of people are leaving the country...
AMERICA, FUCK YEAH!
JuliusPerving

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12/24/2018 10:41 AM
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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


His likely goal was enslavement of the people and he succeeded for his bosses.
JuliusPerving
hwy_ho

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12/24/2018 10:41 AM
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Re: Russia refused to pay in dollars $
On paper russia is a economic powerhouse

Its like their credit card has a zero balance

While ours and our allies are maxed out

If it were a monopoly game. Russia wins
Bernie Lomax King

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12/24/2018 10:44 AM
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Re: Russia refused to pay in dollars $
OMG they just can't help themselves. Smh.
Unofficial member of my own hate club. I'm there in a limited capacity. :[
aceswild

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12/24/2018 10:44 AM
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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


His dumbass didn’t think all that up himself. He did whatever he was told so people liked him
 Quoting: The Meddler


Apparently not enough, they impeached him over a third-rate burglary.
Rocking It Harder

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Australia
12/24/2018 10:46 AM
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Re: Russia refused to pay in dollars $
Russia is no longer using payments in dollars in large trade contracts, said Industry and Trade Minister Denis Manturov in an interview with RBC. For example, the delivery of anti-aircraft missile systems S-400 is paid in rubles or in national currencies of the buying countries. As Manturov said, in national currencies, in particular, India, Turkey and China are paying.

With India, a contract for five billion dollars was concluded in early October of this year, according to which the country will receive five C-400 regiments. Turkey should get four divisions worth $ 2.5 billion, the agreement was signed in December 2017. China has acquired six divisions worth over three billion dollars.

Manturov clarified that barter schemes, when it was possible to pay for enterprises "either with Chinese stew or with puffs," were already taking place in the nineties. Now, they, according to the minister, fortunately, are not used.

Earlier it was reported that Russia and China are preparing an agreement on mutual settlements in national currencies. According to the head of VEB Igor Shuvalov, the document can be signed before the end of the year.
[link to news.mail.ru (secure)]
 Quoting: interflug


"Fuck Russia"

Go to Hell.


smoking1



Last Edited by Rock Hard on 12/24/2018 10:48 AM
SideShowFreak

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France
12/24/2018 10:47 AM

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Re: Russia refused to pay in dollars $

 Quoting: Nobody You Know


rofl
Not Turkish, Not muslim ...
PumuckI

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Germany
12/24/2018 10:47 AM
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Re: Russia refused to pay in dollars $
The Euro will become the world currency. It already is the second biggest reserve currency by far. Europe produces a shit ton of stuff. While the US only produces facebook and google.
interflug  (OP)

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Russian Federation
12/24/2018 10:50 AM
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Re: Russia refused to pay in dollars $
It seems that super hyper inflation will start in the USA in the near future and it is not connected with Russia, it is connected with money not provided with real goods produced in the USA. But you should not take my words too seriously, since I do not have economic education and information about the real financial flows of the United States. Just expressed my subjective opinion. hf
I do not speak English, I use Google translator
Yogi Mahashishna

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Finland
12/24/2018 10:51 AM
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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


His likely goal was enslavement of the people and he succeeded for his bosses.
 Quoting: JuliusPerving



Nixon might not have been a saint, but he was one the most high IQ president you've had in last 100 years.


Like Trump, he realized it's not wise to take Russia and China both at the same time head on but to try to play them against each other. Nixon managed to do that, Trump wasn't allowed. At least now it's too late.

To get rid of gold standard wasn't a random stupid decision, but an economic necessity.
It is almost impossible to carry the torch of truth through a crowd without singeing somebody's beard ... or without getting banned
Rocking It Harder

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12/24/2018 10:51 AM
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Re: Russia refused to pay in dollars $
The Euro will become the world currency. It already is the second biggest reserve currency by far. Europe produces a shit ton of stuff. While the US only produces facebook and google.
 Quoting: PumuckI


Like FUCK it will Fritzz.

smoking1
storm2come
natural law always wins in the end

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12/24/2018 11:01 AM

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Re: Russia refused to pay in dollars $
This has been in the works for years, the plan to ditch the dollar by 2018, was first reported in the dailymail back in 2009. I can't find that article but this one in the latimes, talks about the rumors.


[link to latimesblogs.latimes.com (secure)]
But when a long train of abuses and usurpations, pursuing invariably the same Object, evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

- Declaration of Independence, 1776
PumuckI

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12/24/2018 11:02 AM
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Re: Russia refused to pay in dollars $
The Euro will become the world currency. It already is the second biggest reserve currency by far. Europe produces a shit ton of stuff. While the US only produces facebook and google.
 Quoting: PumuckI


Like FUCK it will Fritzz.

 Quoting: Rocking It Harder


If you like you can join the EU one day.
storm2come
natural law always wins in the end

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12/24/2018 11:05 AM

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Re: Russia refused to pay in dollars $
The Euro will become the world currency. It already is the second biggest reserve currency by far. Europe produces a shit ton of stuff. While the US only produces facebook and google.
 Quoting: PumuckI


Not the Euro, but SDR's (standard drawing rights) based on a basket of currencies and commodities , regulated by the world bank will become the WRC
But when a long train of abuses and usurpations, pursuing invariably the same Object, evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

- Declaration of Independence, 1776
PumuckI

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12/24/2018 11:11 AM
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Re: Russia refused to pay in dollars $
The Euro will become the world currency. It already is the second biggest reserve currency by far. Europe produces a shit ton of stuff. While the US only produces facebook and google.
 Quoting: PumuckI


Not the Euro, but SDR's (standard drawing rights) based on a basket of currencies and commodities , regulated by the world bank will become the WRC
 Quoting: storm2come


Whos using it, though?
PumuckI

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12/24/2018 11:11 AM
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Re: Russia refused to pay in dollars $
The euro is currently the second most commonly held reserve currency, comprising about a quarter of allocated holdings.

After World War II and the rebuilding of the German economy, the German Deutsche Mark gained the status of the second most important reserve currency after the US dollar. When the euro was introduced on 1 January 1999, replacing the Mark, French franc and ten other European currencies, it inherited the status of a major reserve currency from the Mark. Since then, its contribution to official reserves has risen continually as banks seek to diversify their reserves, and trade in the eurozone continues to expand.

Former U.S. Federal Reserve Chairman Alan Greenspan said in September 2007 that the euro could replace the U.S. dollar as the world's primary reserve currency. It was "absolutely conceivable that the euro will replace the US dollar as reserve currency, or will be traded as an equally important reserve currency."

[link to en.wikipedia.org (secure)]
Dr Mantis Toboggan

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12/24/2018 11:16 AM
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Re: Russia refused to pay in dollars $
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


Lol at thinking he had a choice when in reality it was the deep state/Federal Reserve pulling the strings
Do you have Donkey Brains? Get certified! You can trust me, I'm a doctor.

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storm2come
natural law always wins in the end

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12/24/2018 11:32 AM

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Re: Russia refused to pay in dollars $
The euro is currently the second most commonly held reserve currency, comprising about a quarter of allocated holdings.

After World War II and the rebuilding of the German economy, the German Deutsche Mark gained the status of the second most important reserve currency after the US dollar. When the euro was introduced on 1 January 1999, replacing the Mark, French franc and ten other European currencies, it inherited the status of a major reserve currency from the Mark. Since then, its contribution to official reserves has risen continually as banks seek to diversify their reserves, and trade in the eurozone continues to expand.

Former U.S. Federal Reserve Chairman Alan Greenspan said in September 2007 that the euro could replace the U.S. dollar as the world's primary reserve currency. It was "absolutely conceivable that the euro will replace the US dollar as reserve currency, or will be traded as an equally important reserve currency."

[link to en.wikipedia.org (secure)]
 Quoting: PumuckI


The German mark and economy were rebuilt under the Marshall plan, the D-mark became the second most important currency mostly because US troops were paid in dollars and exchanged them for Marks, giving Germany lots of US currency to spend on it's economy. Since 1999 the euro has dragged down the Mark. and all countries will be using SDR's to determine the value of their currencies, rather that the dollar, You will Not see paper SDR's it will still be whatever currency your use to.( at least for now)
But when a long train of abuses and usurpations, pursuing invariably the same Object, evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

- Declaration of Independence, 1776
PumuckI

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Germany
12/24/2018 11:40 AM
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Re: Russia refused to pay in dollars $
The euro is currently the second most commonly held reserve currency, comprising about a quarter of allocated holdings.

After World War II and the rebuilding of the German economy, the German Deutsche Mark gained the status of the second most important reserve currency after the US dollar. When the euro was introduced on 1 January 1999, replacing the Mark, French franc and ten other European currencies, it inherited the status of a major reserve currency from the Mark. Since then, its contribution to official reserves has risen continually as banks seek to diversify their reserves, and trade in the eurozone continues to expand.

Former U.S. Federal Reserve Chairman Alan Greenspan said in September 2007 that the euro could replace the U.S. dollar as the world's primary reserve currency. It was "absolutely conceivable that the euro will replace the US dollar as reserve currency, or will be traded as an equally important reserve currency."

[link to en.wikipedia.org (secure)]
 Quoting: PumuckI


The German mark and economy were rebuilt under the Marshall plan, the D-mark became the second most important currency mostly because US troops were paid in dollars and exchanged them for Marks, giving Germany lots of US currency to spend on it's economy. Since 1999 the euro has dragged down the Mark. and all countries will be using SDR's to determine the value of their currencies, rather that the dollar, You will Not see paper SDR's it will still be whatever currency your use to.( at least for now)
 Quoting: storm2come


Germany received far less marshall plan then the rest of western europe.
Nonfeminazi

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12/24/2018 11:46 AM
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Re: Russia refused to pay in dollars $
It seems that super hyper inflation will start in the USA in the near future and it is not connected with Russia, it is connected with money not provided with real goods produced in the USA. But you should not take my words too seriously, since I do not have economic education and information about the real financial flows of the United States. Just expressed my subjective opinion. hf
 Quoting: interflug


We have oil and agriculture and are now the largest oil producer in the world.
One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. Plato
Anonymous Coward
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12/24/2018 11:46 AM
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Re: Russia refused to pay in dollars $
Key phrase: "Russia and China are preparing an agreement on mutual settlements in national currencies."

Question:
What will make settlement in national currencies for all cross-border transactions at a low cost, 1500 transactions per second, and has the support of the WTO, IMF, and has the interest of the Whitehouse and central banks around the world? Has the interest of Western Union, American Express, and R3 Consortium.

Answer:
XRP, the intermediary digital currency. XRP will steal away SWIFT System clients. SWIFT has not changed for over 40 years and Ripple will eat their lunch. SWIFT the Dinosaur to become extinct unable to evolve.

XRP ecosystem will create the Internet of Value. A new payment layer on the internet will do for money transfer what the internet has done for texting. Brought to you by the Ripplenet, Inter Ledger Protocol, and the XRP consensus algorithm it is built upon.
LaZeKnight

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12/24/2018 11:47 AM
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Re: Russia refused to pay in dollars $
Russia should use their own fucking currency as the USD is not the only fucking world currency!





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