Seeking alternatives to US dollar dominance in global finance on day one of SPIEF 2018 The first day of the St. Petersburg International Economic Forum (SPIEF) has seen various discussions on ways of ditching the US currency which dominates global trade. Veteran investor Jim Rogers has noted that the US currency will likely lose its leadership status in the next decade.
“Dollar is going to be higher than now because the turmoil is coming. Then, it is going to be overpriced and people will look around and say, ‘America’s got the largest debt in the history of the world. I t’s printing money as fast as it can,’” the investor said at the Valdai Club’s discussion session, held as part of SPIEF.
The alternative is coming from Brazil, Russia, China, India, Iran and other developing countries, according to Rogers, who said these states have enough power to compete with the dolla
Russian Finance Minister Anton Siluanov suggested the euro could substitute the dollar in Russia’s foreign trade if Brussels takes a stand against Washington’s latest sanctions against Moscow. “As we see, restrictions imposed by the American partners are of an extraterritorial nature. The possibility of switching from the US dollar to the euro in settlements depends on Europe’s stance toward Washington’s position,” said Siluanov, who is also Russia’s first deputy prime minister. The minister added that the Chinese yuan, Indian rupee, and Russian ruble can also play a greater role in trade.
Julian Garcia
The US dollar is higher than it has been in years. Post your make belief propoganda somewhere else. The Euro and BP are in the ones in trouble.
Justin Jones
In a blackpilled sense, this. Are the BRICS really going to make waves and get everyone to use their meme currency? The closest thing that could challenge dollar hegemony would be if several countries teamed up with Saudis to trade oil for something other than USD
Adrian Johnson
pure rubbish. Russia has a terminal demographic. after 2022 they won't be able to maintain their army nor ever hope for any economic growth. muh BRICS meme is old
Absolute garbage >memeflag Why am I not surprised? I hope for a bright future for Russia but quit acting as if they're somehow the leading world power after a good chunk of the world is still angry at them for the USSR >Brazil, Russia, China, India, Iran and other developing countries >Developing countries Unbelievable propaganda
>non-third-world shitholes are going to toss their hat in the ring with Russia
The only global currency that has a chance at being relevant is the Yuan, and any country with an average IQ >90 know that Chinks are only interested in short-term plays that result in them grabbing more land and resources.
Easton Brooks
Trump unironically is good for the dollar.
The Euro on the other hand won't be around anymore before 2030
Carson Baker
Don't you worry greedy American, very soon bombs will be falling on your shithole. China will make sure of that and other nations will join.
Owen Moore
What will happen to the all powerful replacement Petrol Yuan when it's discovered that most of China's "gold" is fraudulent?
Brody Lewis
That's fine.
See how that works out for you.
You act like we're not willing to torch the entire planet.
I have been waiting for this to happen, any day now!
Evan Watson
my body is ready
Jose Perry
IDIOTS NEVER CARE I GIVE YOU THAT BUT IDIOTS ALWAYS LOSE IN THE END. KEK
Connor Martin
Even I have to admit this looks a lot like pure Russian propaganda lol.. sage
Benjamin Cox
> implying soldiers will stick around when there's nothing to fund the gibs
Xavier Turner
>Even I have to admit this looks a lot like pure Russian propaganda lol.. Why you are so stupid. >Veteran investor Jim Rogers has noted that the US currency will likely lose its leadership status in the next decade.
Jayden Brown
>RT
Jaxon Murphy
LOL, another stupid American. >Veteran investor Jim Rogers has noted that the US currency will likely lose its leadership status in the next decade.
Jaxon Adams
Let's see your flag.
Camden Brooks
he isn't arguing with your point user he's just saying that it WILL drop, as a prediction. And unfortunately it looks as if he may be right. Hard to say doe
>Brazil, Russia, China, India, Iran oh no not BRIICS!
Wait, werent these very same faggots supposed to supplant us like a decade ago now? Let's review, shall we? >Huemonkeys almost as dysfunctional as Venezuelans. Zero hope of anything of importance while shitskins run the show. >Rooskies can barely stay afloat after oil prices took a dive >Chink economic growth is already slowing. Indians to surpass them in the near future. >Iran LEL go make more demands from Eurofags. Iran isn't fit to lick the shit nuggets from our asshole. >India can't even figure out fucking toilets >South Africa is entirely omitted now. Pathetic faggots like OP are terrified to admit their past failure in this very fucking regard.
TLDR; We aren't going anywhere, and if someone were to actually mount a legit attempt at dethroning us, well, god fucking help those poor bastards.
Trump wants a weak dollar. He said so himself. It makes International trade work out in our favor.
Jonathan Williams
Fitting. Andrew Jackson, the first president physically attacked while in office and the first president that someone tried to assassinate. It's almost like when you mess with the banks bad things happen to you.
>russian state propaganda channel on damage control as US dollar continues to rise.
Europe is fucked. Russia may actually be ok but will be relegated to a regional power and not the world power Putin wants. China is fucked. Francis Bacon was right, the US is the new Atlantis. The old world will fall but we will be the last ones standing who restart the new world.
How many euros exist vs USD you fucking moron? You can only use the worth of a currency to measure up against itself in the past, it's a useless metric to measure against other currencies.
Gabriel Anderson
A dollar crash would be beneficial to certain global players but not if it were to happen over night. Many of these said players hold enormous amounts of T-bills thus a dollar crash would most certainly be negative for them. This doesn't mean they aren't positioning themselves for the eventual crash. Repatriation of gold and accumulation of gold has been the ongoing case for years in obvious preparation. The media does not report on this. The dollar "crash" I believe will not have a quick death but a slow one with slight upturns in between, struggling for its last breath. Keep in mind of these open facts:
1. The Federal Reserve WANTS inflation. The US isn't necessarily opposed to a dollar crash stretched over a long period of time. 2. The Federal government does not benefit from a rising dollar considering the amount of debt it has. 3. In response to what I mentioned above regarding other countries holding US debt remember the old adage: "If I owe you 1,000$ I have a problem. If I owe you a million $ you have a problem."
Camden Cooper
They assassinated Lincoln for trying to end Usury
Matthew Thomas
>How many euros exist vs USD you fucking moron? you stupid dork US is printing their dollars like toilet paper no back to it up nothing well besides blood of the innocent all over the World killed by the US military
Jacob Russell
b-but i get paid in dollars
Jordan King
>you stupid dork US is printing their dollars like toilet paper no back to it up nothing
Do you honestly not just understand that is the point I just made? You literal fucking retard lmao.
Justin James
The BRICS countries are run by western intelligence. People were talking about Putin being an agent in the 2000s wtf people. Jewish narcotics dealers brought China to its knees in the 19th century... and they've lost it since? Doubtful. Any phony currency paradigm shift will be a false flag. The thing is all theater.
its the other way around. You would need to print exponentially more money at every interval to exploit the delays in currency fluctuations, and scam people to buy debt. And the only people who have been conditioned to buy that debt is American citizens.
Daniel Powell
Well, your point making talent is not that very great in that case.
Levi Smith
imagine being this fucking stupid kek, I honestly can't, you're welcome for the economics lesson though you fucking inbred
>"everybody is dumping the dollar" - anonymous canadian >meanwhile USD is highest its ever been
really makes you think.. It looks like they're not dumping it on any exchange then, maybe they are trying to full the gigantic empty hole in your head?
Robert Foster
>meanwhile USD is highest its ever been We're still well off the '85 all-time high.
>RT BINGO, WE HAVE ANOTHER DUMB AMERICAN HERE. LOL >Veteran investor Jim Rogers has noted that the US currency will likely lose its leadership status in the next decade.
Dylan White
I'm with you, this is the face of a boomer I can trust
The US Dollar has supposedly been on its last legs for decades.
We may move to a world of MULTIPLE senior currencies but there’s no timeline where the US Dollar is dead in the mud while the Euro, Ruble, Pound etc are OK
btw google Jim Rogers 2014 or Jim Rogers 2016 or any year. These guys are like broken clocks.
Julian Foster
>Draining the Swamp >With my fellow Jewish businessmen
Trump is the biggest Israeli fanboy in American history. Not even bush liked Israel as much as he does.
Economic collapse will be how natsoc becomes ascendant
Ian Rogers
>The alternative is coming from Brazil, Russia, China, India, Iran and other developing countries >Brazil, India >laughing whores.tga
Kevin Bennett
They’re doing this because we’re fucking winning
Samuel Robinson
are you basing your understandings of american economics 100% off of the movie zeitgeist?
Josiah Wright
Why did you capitalize "bridge"?
Adrian Russell
Does anybody know whether or not he is a freemason?
Oliver Campbell
What the fuck happened to your face Lambert?
Owen Flores
>Not already buying gold with your life savings If it's taken you this long you're fucked.
Jason Reed
>(((RT))) Hey rabbi
William Carter
The need for more ruble-yuan settlements comes as trade between Russia and China grows. Xu Sitao, chief economist with Deloitte China, told RT that China has become the largest export market for Russia since 2017, accounting for roughly 12-13 percent of Russian exports.
“As I said earlier, Russia and China are very complementary. China is moving away from dirty energy coal, so I do expect further collaboration between our countries, I’m quite optimistic,” he said. Both Moscow and Beijing have repeatedly stressed they don’t need other currencies for bilateral trade.
That takes me back. I remember in 2010 when every (((analyst))) faggot and their mom were swearing up and down that the BRICS were going to create a bank to rival the world bank and the imf, ending the usd hegemony. I wonder where that is now!
Brayden Sanchez
>Very soon US dollar will be used as a toilet paper.GET READY BURGERS says the increasingly nervous jew for the millionth time this decade
Jose Morgan
Explain to me how the euro offering negative interest rates combined with the US petrodollar that's been swinging it's cock around every other nation for decades (OPEC US owned through proxies minus a few) and anybody who tries to break away from the death clamp of the Goldman Sachs/Rothschild banking system gets the absolute works all tied together means that if the dollar DOES go to shit that we aren't taking the rest of the world down with us? America will not go out quietly. We will die like the mentally ill children we are. And I'll be damn proud of that.
Gavin Lopez
>These guys are like broken clocks. Be that as it may how much more debt can we really take on? Thats not a rhetorical question either, some user explain to me how much more we can rack up before it collapses under its own weight
As much as you want, provided you remain the #1 military power.
Carter Morris
Currently US bonds are seen as one of the safest investments one can make, so long as that's true interest will remain reasonable and there's no real pressure to tighten the belt or increase taxes. Once the boomers will die off a bit and hold less power they'll probably cut social security pay outs a bit, and we'll be back under budget and the boomers will have totally fucked gen X in hilarious fashion.
>>rt. >stopped right htere LOL. ANOTHER STUPID TURD DETECTED. >Veteran investor Jim Rogers has noted that the US currency will likely lose its leadership status in the next decade.
>“Dollar is going to be higher than now because the turmoil is coming. No it won't, that happened last year.
Colton Peterson
The days of all fiat currencies are numbered.
Eli Hill
once automation finishes taking over factories and machine learning cuts the needed number of service employees to 10% the concept of money will need to change entirely. in that way all currencies days are numbered.
Jackson Gutierrez
WORLD LEADERS SAYING FUCK YOU USA. PUTIN IS WINNING. LIKE A BOSS. Russia’s St. Petersburg International Economic Forum, one of the world’s key economic discussion platforms, opened on Thursday. This year, about 40 world leaders, including French President Emmanuel Macron, are attending the event. SPIEF 2018 will also welcome leading investment funds from 20 countries with total assets of more than $13.5 trillion.
WORLD LEADERS SAYING FUCK YOU USA and FUCK YOUR SANCTIONS. PUTIN IS WINNING. LIKE A BOSS. Russia’s St. Petersburg International Economic Forum, one of the world’s key economic discussion platforms, opened on Thursday. This year, about 40 world leaders, including French President Emmanuel Macron, are attending the event. SPIEF 2018 will also welcome leading investment funds from 20 countries with total assets of more than $13.5 trillion.
