Nationalist Posted August 16, 2023 Report Posted August 16, 2023 12 minutes ago, Moonbox said: The Ukrainian refugees that Russia is forcing out of their homes? Yeah. That's why they care so much, and that's why those closest to the Russian border are the countries giving the most aid to Ukraine (proportionally). https://jacobin.com/2023/07/germany-ukraine-nato-military-aid-domestic-opposition https://www.france24.com/en/live-news/20230311-thousands-join-anti-government-protest-in-prague https://cepa.org/article/polands-far-right-advances-on-anti-ukraine-sentiment/ Cracks in the armour. These countries are being split politically and socially. Quote Its so lonely in m'saddle since m'horse died.
Aristides Posted August 16, 2023 Report Posted August 16, 2023 Ruble sinks to lowest level since early in the invasion. Quote
Nationalist Posted August 16, 2023 Report Posted August 16, 2023 5 minutes ago, Aristides said: Ruble sinks to lowest level since early in the invasion. And do you think they really care? They have their own financial market now. BRICS. Its gold-based and oil trade is now being conducted in their own currencies, instead of the "Petro-Dollar". Quote Its so lonely in m'saddle since m'horse died.
Aristides Posted August 16, 2023 Report Posted August 16, 2023 (edited) 2 minutes ago, Nationalist said: And do you think they really care? They have their own financial market now. BRICS. Its gold-based and oil trade is now being conducted in their own currencies, instead of the "Petro-Dollar". Ya they care. Every Russian is now a lot poorer. Would you be better off if our dollar dropped 30% against every other currency? Do you think the other BRICS countries will treat Russia like a charity and take payment in Rubles that are worth a lot less. Edited August 16, 2023 by Aristides Quote
Nationalist Posted August 16, 2023 Report Posted August 16, 2023 2 minutes ago, Aristides said: Ya they care. Every Russian is now a lot poorer. Would you be better off if our dollar dropped 30% against every other currency? Do you think the other BRICS countries will treat Russia like a charity and take payment in Rubles that are worth a lot less. Worthless to whom? These markets you speak of are all based on the USD. The BRICS nations want nothing to do with USD. They can kill the Ruble completely in their now softened financial markets all they like. Will it affect Russia or any of them? No. They left this USD market because of the abuse they've all suffered from the scheme. In the meantime...the USA implored the Saudis to lower the price of oil and increase production...and what did they do? That's right...they lowered production which raised the price of oil. These countries have shaken loose if the "Petro-Dollar". This will...if it continues...only soften the USD. Quote Its so lonely in m'saddle since m'horse died.
Moonbox Posted August 16, 2023 Report Posted August 16, 2023 33 minutes ago, Nationalist said: And do you think they really care? They have their own financial market now. BRICS. Its gold-based and oil trade is now being conducted in their own currencies, instead of the "Petro-Dollar". BRICS isn't gold-based, lol. A gold-backed multi-lateral trade currency is aspirational, and setting it up would take years. Global players have been talking about doing it since the 1960's. Russia is still squabbling with India, for example, on not wanting to be paid in rupees for all of the cheap oil that India is importing, and nobody wants to hold rubles. So...yes. They care. Russia's trade with the BRIC group is less than 25% of what crosses the Canada US border every year. Quote "A man is no more entitled to an opinion for which he cannot account than he is for a pint of beer for which he cannot pay" - Anonymous
Nationalist Posted August 16, 2023 Report Posted August 16, 2023 53 minutes ago, Moonbox said: BRICS isn't gold-based, lol. A gold-backed multi-lateral trade currency is aspirational, and setting it up would take years. Global players have been talking about doing it since the 1960's. Russia is still squabbling with India, for example, on not wanting to be paid in rupees for all of the cheap oil that India is importing, and nobody wants to hold rubles. So...yes. They care. Russia's trade with the BRIC group is less than 25% of what crosses the Canada US border every year. They appear to be making it happen. You can take the new seriously...or you can be a fool. Your choice. Quote Its so lonely in m'saddle since m'horse died.
Moonbox Posted August 16, 2023 Report Posted August 16, 2023 (edited) 2 hours ago, Nationalist said: They appear to be making it happen. You can take the new seriously...or you can be a fool. Your choice. Making it happen? Maybe? In a few years? The likelihood that 15-20 countries with wildly diverging interests (and in many cases completely opposing ones) will be able to settle their differences in the near-term and come together on this is...unlikely. Either way doesn't help Russia today, so back to the original point: they care. ? Edited August 16, 2023 by Moonbox Quote "A man is no more entitled to an opinion for which he cannot account than he is for a pint of beer for which he cannot pay" - Anonymous
Aristides Posted August 16, 2023 Report Posted August 16, 2023 2 hours ago, Nationalist said: They appear to be making it happen. You can take the new seriously...or you can be a fool. Your choice. Everyone outside BRICS uses the USD as reserve currency. Any BRICS country accepting Rubles for payment will find them next to worthless outside BRICS. That will be a problem when they want to buy products from the the likes of the EU, Japan or the US. I doubt companies like Airbus, Boeing or any auto manufacturers are interested in accepting Rubles. Quote
Nationalist Posted August 16, 2023 Report Posted August 16, 2023 37 minutes ago, Moonbox said: Making it happen? Maybe? In a few years? The likelihood that 15-20 countries with wildly diverging interests (and in many cases completely opposing ones) will be able to settle their differences in the near-term and come together on this is...unlikely. Either way doesn't help Russia today, so back to the original point: they care. ? Then you go to sleep and when this all slaps the USD down a notch...you can act surprised and outraged. 34 minutes ago, Aristides said: Everyone outside BRICS uses the USD as reserve currency. Any BRICS country accepting Rubles for payment will find them next to worthless outside BRICS. That will be a problem when they want to buy products from the the likes of the EU, Japan or the US. I doubt companies like Airbus, Boeing or any auto manufacturers are interested in accepting Rubles. I wonder how much these countries care... Quote Its so lonely in m'saddle since m'horse died.
Aristides Posted August 16, 2023 Report Posted August 16, 2023 5 minutes ago, Nationalist said: Then you go to sleep and when this all slaps the USD down a notch...you can act surprised and outraged. I wonder how much these countries care... Probably a lot, taking Rubles for their goods is almost giving them away. Quote
Moonbox Posted August 16, 2023 Report Posted August 16, 2023 31 minutes ago, Nationalist said: Then you go to sleep and when this all slaps the USD down a notch...you can act surprised and outraged. Five years from now? If it does happen, I'll certainly be surprised, but I'm not sure why I'd be outraged... In the meantime, you keep rooting for the dictatorships and the communists. ? 1 Quote "A man is no more entitled to an opinion for which he cannot account than he is for a pint of beer for which he cannot pay" - Anonymous
Nationalist Posted August 16, 2023 Report Posted August 16, 2023 3 hours ago, Aristides said: Probably a lot, taking Rubles for their goods is almost giving them away. We will know more in about a year but...I'm rather skeptical. Quote Its so lonely in m'saddle since m'horse died.
Nationalist Posted August 16, 2023 Report Posted August 16, 2023 3 hours ago, Moonbox said: Five years from now? If it does happen, I'll certainly be surprised, but I'm not sure why I'd be outraged... In the meantime, you keep rooting for the dictatorships and the communists. ? I'll keep watching and following the facts. Here's one. Moody's recently downgraded the USD. Biden's actions are degrading the currency, but ya...you should ignore what's happening. Quote Its so lonely in m'saddle since m'horse died.
Aristides Posted August 17, 2023 Report Posted August 17, 2023 1 hour ago, Nationalist said: We will know more in about a year but...I'm rather skeptical. So if you sold your home you would have no problem taking Rubles as payment. Quote
Nationalist Posted August 17, 2023 Report Posted August 17, 2023 4 minutes ago, Aristides said: So if you sold your home you would have no problem taking Rubles as payment. What a stupid question. Quote Its so lonely in m'saddle since m'horse died.
Aristides Posted August 17, 2023 Report Posted August 17, 2023 5 minutes ago, Nationalist said: What a stupid question. So you wouldn't gamble on the Ruble's value recovering. Quote
Nationalist Posted August 17, 2023 Report Posted August 17, 2023 15 minutes ago, Aristides said: So you wouldn't gamble on the Ruble's value recovering. Why should I? If I sell a house, I'd want to replace it right away. Quote Its so lonely in m'saddle since m'horse died.
Aristides Posted August 17, 2023 Report Posted August 17, 2023 8 minutes ago, Nationalist said: Why should I? If I sell a house, I'd want to replace it right away. Nice deflection. I get why you don't want to answer. Quote
Nationalist Posted August 17, 2023 Report Posted August 17, 2023 13 minutes ago, Aristides said: Nice deflection. I get why you don't want to answer. You get squat. But I have advice for you. Invest in US bonds. Quote Its so lonely in m'saddle since m'horse died.
Aristides Posted August 17, 2023 Report Posted August 17, 2023 31 minutes ago, Nationalist said: You get squat. But I have advice for you. Invest in US bonds. Ya, I know why you won't answer. Well I would sure as hell buy US bonds before I would buy Rubles but you go right ahead. Quote
Moonbox Posted August 17, 2023 Report Posted August 17, 2023 18 hours ago, Nationalist said: You get squat. But I have advice for you. Invest in US bonds. That's exactly what the smart money is doing right now. The Ontario Teacher's Pension plan has bought billions and billions in the least year. Unsurprisingly, you would do the opposite. ? Quote "A man is no more entitled to an opinion for which he cannot account than he is for a pint of beer for which he cannot pay" - Anonymous
Nationalist Posted August 17, 2023 Report Posted August 17, 2023 2 hours ago, Moonbox said: That's exactly what the smart money is doing right now. The Ontario Teacher's Pension plan has bought billions and billions in the least year. Unsurprisingly, you would do the opposite. ? Hmm...my investments have done quite nicely...thank you very much. Quote Its so lonely in m'saddle since m'horse died.
Aristides Posted August 18, 2023 Report Posted August 18, 2023 4 hours ago, Nationalist said: Hmm...my investments have done quite nicely...thank you very much. How much in Rubles? How much in BRICS countries currencies? Quote
Aristides Posted August 18, 2023 Report Posted August 18, 2023 The only BRICS currency that is up against the USD this year is the Brazilian Real. All the others are down. Quote
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