Ending dollar dominance in world market | Updates

[mike2000 is back]

Lol Another useless thread full of wishful thinking.

 

[Muhammed45]

Lol Another useless thread full of wishful thinking.

You've got no way bud. Resisting against China's presence has become impossible for UK's leadership

https://www.ft.com/content/432ce6f4-4dd4-353b-a14b-43520e98d935

http://www.chinadaily.com.cn/business/2017-09/19/content_32193355.htm

 

[bobo6661]

You've got no way bud. Resisting against China's presence has become impossible for UK's leadership

https://www.ft.com/content/432ce6f4-4dd4-353b-a14b-43520e98d935

http://www.chinadaily.com.cn/business/2017-09/19/content_32193355.htm

https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_United_Kingdom

Switzerland imports more then China ...

Dream more ... And what is this thread doing in this section anyway?

 

[Muhammed45]

Iran suggests Russia help 'isolate the Americans' by ditching dollar
Published time: 2 Nov, 2017 09:18
Get short URL

© Thomas Whit / Reuters


Dollar should not dominate the world – Russian PM Medvedev
According to Khamenei, economic relations have vast room for improvement. "In the transportation sector, we can expand cooperation, using the main axis of Chabahar port to the port of Saint Petersburg, as well as in other economic areas,” he said.

During the meeting, which lasted about an hour and a quarter, Putin replied that Russia considers Iran “a strategic partner and a great neighbor, and we will take advantage of every opportunity to expand and consolidate relationships in all dimensions.”

The Russian president said the US wants to interfere in all matters of the world and the region and often ignores interests of its allies to do so.

However, since 2014, despite the sanctions, “we devoted our funds to scientific and technological progress, and we had significant growth in the fields of biotechnology, IT, agriculture and space industries. Now, in spite of the initial concerns, we have realized that we can do whatever we decide to," said Putin.

Putin is visiting the Iranian capital to attend a trilateral summit with the leaders of Iran and Azerbaijan.


https://www.rt.com/business/408542-russia-iran-ditch-dollar/

And what is this thread doing in this section anyway?

Russia is the only one who can help China and Iran to make this beautiful dream real.

Believe me EU has to give up to China. Muslim countries will ensure the safety of China's energy supply, cheap labor makes China's high quality goods cheaper than their American equivalents. EU will eventually be dominated by Chinese investment and goods.

 

[jhungary]

I got nothing to say, but may be @Hamartia Antidote can add something?

View attachment 434480

I would ask them to hand me their USD, if they think they are going to be "Destoryed" and worth nothing anyway, then it's no point holding them anymore.

GIMME, GIMME, GIMME

 

[Chhatrapati]

decline of petro dollar means decline of US economy. the strongest military in the world wont like this idea.

Ending dollar dominance. Buddy, you know dollar is used for around $5 trillions of transactions a day? That's f'ing huge amount. It's not petro dollar.

 

[$@rJen]

People dream a lot these days....

 

[Georg]

Believe me EU has to give up to China. Muslim countries will ensure the safety of China's energy supply, cheap labor makes China's high quality goods cheaper than their American equivalents. EU will eventually be dominated by Chinese investment and goods.

EU giving up to China? LOL what drugs do you use....?

Just look at world trade power and you see who will give up if EU USA pull a trigger...

% of overall world Exports
Europe 37.3%
north america 14.4%
Japan 3.9%
south Korea 3.3%
Australia and new Zealand 1.4%
south america 3.4%

West Block main nation 63.7% of the world trade.....

China 14.2%
Russia 2.1%
Iran 0.4%
Saudi Arabia 1.2%
UAE 1.6%

possible anti $ club 19.5%

they get crushed faster than they could count to 100

 

[Hamartia Antidote]

I got nothing to say, but may be @Hamartia Antidote can add something?

View attachment 434480

When I see threads like this year after year after year....

 

[Muhammed45]

Ruble-yuan trade between Russia & China makes dollar odd man out
Published time: 3 Nov, 2017 09:51
Get short URL

© Alexandr Demyanchuk / Sputnik
Russia & China to extend currency swap agreement to lessen dollar dependence
Both China and Russia are committed to promoting their own currencies, and this means the dollar share is likely to shrink.

“That's a fact, and it's not just indicative of the volume of transactions in national currencies. Russia and China are already working together on several BRICS multilateral agreements. Trade in national currencies is just one aspect of the general trend that has emerged in the world over the past decade,” a Moscow-based analyst Mehdi Mehdiyev told RT’s German website, RT Deutsch.

Trade in national currencies protects countries against "external influences," helps to avoid risks of fluctuations in exchange rates; swap agreements also help reduce the budget deficit, Mehdiyev said.

Chinese financial expert Andrew KP Leung told RT Deutsch that for Moscow, trading in national currencies is a way to bypass Western sanctions, and for Beijing to promote the yuan.

"China is one of the largest buyers of Russian energy exports. The extension of the currency swap will reduce transaction costs for Russia and China. Trading in yuan will reduce Russia's dependency on the US dollar," said Leung.

Read more
China could shatter petrodollar by compelling Saudi Arabia to trade oil in yuan
Sarkis Tsaturyan, the Russian political scientist and editor-in-chief of the Russian expert network Realist, said that de-dollarization will be a long and painful process that can hit both China and Russia.

“Gradually, Russia and China are moving away from the US dollar, but this is a process that can take 15 to 20 years, as the economy of China is based on the dollar. The currency reserves of China were over $3 trillion in July 2017. Each Chinese household owns up to $2,000 in US government bonds. Under these circumstances, it is unlikely that Beijing will collapse the dollar. It would be a shot in its own knee,” he said.

At the moment, the US dollar’s share of the world trade is almost 43 percent, while the yuan has less than two percent. China has developed a payment system called CIPS for cross-border payments with the yuan to promote the currency as a global financial instrument.



https://www.rt.com/business/408670-russia-china-ruble-yuan-dollar/

EU giving up to China? LOL what drugs do you use....?

Just look at world trade power and you see who will give up if EU USA pull a trigger...

% of overall world Exports
Europe 37.3%
north america 14.4%
Japan 3.9%
south Korea 3.3%
Australia and new Zealand 1.4%
south america 3.4%

West Block main nation 63.7% of the world trade.....

China 14.2%
Russia 2.1%
Iran 0.4%
Saudi Arabia 1.2%
UAE 1.6%

possible anti $ club 19.5%

they get crushed faster than they could count to 100

You can keep on living in denial.
At least look at some google statistics.
China incurred the highest trade surpluses with the following countries:

• Hong Kong: US$275.3 billion (country-specific trade surplus in 2016)
• United States: $253.1 billion.
• Netherlands: $48 billion.
• India: $47.2 billion.
• United Kingdom: $37.6 billion.
• Vietnam: $24.4 billion.
• Mexico: $22.2 billion.

More items...
China's Top Trading Partners - World's Top Exports
www.worldstopexports.com/chinas-top-import-partners/

EU countries are breaking the roof in trade with China. Please provide a link for your information

 

[Georg]

EU countries are breaking the roof in trade with China. Please provide a link for your information

The source is just the WTO

WORLD TRADE ORGANISATION
members of the WTO are 164 nations their headquater in in Geneva Switzerland
China is member of the WTO since 2001!!!!


https://www.wto.org/english/res_e/statis_e/statis_e.htm


Europe exports 3 times more than China and gives a F U C K on what China wants.... in the past ...today ... and in the future...

 

[Georg]

in 2015 export/import surplus (nominal)

China 566.997 million $ ....
that is a lot and Nr1 in the world...no magic trick with 1.4billion citizen

Germany 287.887 million $ ...
that is Nr 2 in the world... more than the half of China surplus with 1/17 of Chinas population!!!....
talk about work ethic? Realy wanna challenge a nation that works in AVAERAGE 10 times more effective per citzien??????????

Neaterhlands 84.250 million $
Italy 57.859 million $
Swiss 53.579 million $
Irland 49.606 million $
Norway 27.944million $
Denmark 15.072 million $
Sweden 13.519 million $
Czech 8.565 million $
Hungary 4.855 million $

just 10 little European nation already have a higher export surplus than China...

603.163 million $ > 566.997 million $

do your math.... Europe is not UK


and to completely FU C K you up.... this numbers are only the for China good looking numbers published by CIA world Factbook...

The World Bank publish different numbers and there is Germany doing better than China in trade international export import trade surplus....

According to world Bank 2016

Nr. ...nation ...export in million $ ... import in million $... surplus in million $ ...% of BIP
1. Germany.......1.594.392...............1.330.296..............264.096.................7.6
2. China ...........2.199.967...............1.950.366...............249.601.................2.2
3. south Korea.....596.084..................500.171.................95.913.................7.0
4. Neatherlands....622.913..................538.964.................83.049...............10.8
5. Swiss...............421.974..................343.372.................78.575...............11.9


https://data.worldbank.org/indicator/NE.EXP.GNFS.CD?year_high_desc=true

 

[jamal18]

Another meaningless thread about the collapse -- actually, a wish -- of US dollar. If may happen, or it may not happen. Even if China overtakes US economically, doesn't mean the collapse of the US dollar. But it's nice to have dreams.

The US debts are accepted as unpayable , Trump is openly talking of defaulting on US debts. If this was a company, would you lend them more money?

At the present uncharacteristically low interest rates these debts are barely sustainable; if the interest rates goes back to the historical average of 5%, all of the US government's revenue has to be used to pay the debt alone.

The Zionist driven wars in the middle east has cost the US $3 trillion, the US has borrowed and printed money now more than ever before.

The petro-dollar creates a massive demand for the dollar, if this is no longer needed than demand for the dollar collapses, you couldn't give the stuff away.

If you look into it, the surprise isn't that the dollar will collapse, the surprise is that this charade has lasted so long.

 

[Georg]

it is not the first try to get rid of the $ in oil trade .... last time they tryed was 2006 and nothing has changed

 

[cloud4000]

The US debts are accepted as unpayable , Trump is openly talking of defaulting on US debts. If this was a company, would you lend them more money?

US debts are unpayable is accepted by whom? Please state names! Nevertheless, everybody continues to buy US debt whenever they are issued. In its history, US has never defaulted on its debts. This is why so many people invest in them: they are safe vehicles. Even the Chinese invest in them.

At the present uncharacteristically low interest rates these debts are barely sustainable; if the interest rates goes back to the historical average of 5%, all of the US government's revenue has to be used to pay the debt alone.

Yes, US interest payments will increase, but only on the issuance of new debt. Even in eras of high interest rates, US paid its debts. There’s no reason to suspect this will change now, especially when US economy is robust and inflation is low.

The Zionist driven wars in the middle east has cost the US $3 trillion, the US has borrowed and printed money now more than ever before.

You lost me at Zionist.

The petro-dollar creates a massive demand for the dollar, if this is no longer needed than demand for the dollar collapses, you couldn't give the stuff away.

You assume dollar is used strictly for buying oil. There’s no indication of dollar’s collapse anytime soon. It’s use might be reduced, but it won’t be eliminated. Don’t understand all this dollar collapse business. People said the same thing after the financial crisis of 2008. The dollar is going to collapse. It didn’t.

If you look into it, the surprise isn't that the dollar will collapse, the surprise is that this charade has lasted so long.

What charade? If the dollar is ready to collapse, let's see what happens. But I'm not holding my breath.