Russia and China do without a dollar

The Chinese Currency Trading System (CFETS) announced the creation of a payment system for conducting transactions in yuan and Russian rubles, Reuters reports. It is noted that the payment system for trading in RMB and other foreign currencies was created for the first time.

The PVP system (payment versus payment, payment versus payment), which allows transactions in two different currencies, was launched on Monday after the approval of the People’s Bank of China.

In fact, this platform will allow for settlements without the intermediation of the dollar. According to CFETS, PVP will reduce risks in settlements and improve the efficiency of the foreign exchange market.

CFETS also announced that it plans to create similar systems for the yuan and other currencies in the framework of the One Belt, One Way project, which will correspond to the internationalization of the yuan, reports "Expert online".

Comments

[DEPARTMENT]

This is still a long way off, but you need to strive for this and think through every step!

[l7yzo]

Interestingly, and where does the ruble oo? Or the Bank of China is already printing rubles)))

[figwam]

Congratulations on the new dough, soon in all the wallets of the Russians.

[san4es]

Quote: figvam

Congratulations on your new dough,

... Right now I’ll print on the printer
and in the boutiques

[andy.v.lee]

By the way, without consequences before the law of the Russian Federation!

[cniza]

In vain you giggle, now the United States will do a “run over” to Beijing, though in what form, it is not yet clear, but interesting times await us.

[CAT BAIYUN]

And so, gradually, slowly and slowly, you need to strangle this cut hemp paper ...
One of the most interesting news for today.

[APASUS]

Quote: san4es

Quote: figvam

Congratulations on your new dough,

... Right now I’ll print on the printer
and in the boutiques

Once, the dispatcher printed 50 rubles on a simple printer as a bookmark, I don’t know who handed it over, but I haven’t seen such a show for a long time. They didn’t plant her, but they set her brain very specifically for half a year.
I don’t advise joking like that

[san4es]

... the dispatcher printed 50 rubles ..

... She had to print $ 50

[APASUS]

Quote: san4es

... She had to print $ 50

Then I don’t envy you at all ......................

[Gray brother]

Quote: figvam

Congratulations on the new dough, soon in all the wallets of the Russians.

Not bad, but you’re tired of periodically in "- Do you have a smaller one?" rest against.
Similar, by the way, to the Olympic anniversary.

[DEPARTMENT]

Quote: figvam

Congratulations on the new dough, soon in all the wallets of the Russians.

They look like Euros ... We should have depicted Crimea on them! That would have started howling from the dogs will

[tol100v]

Quote: DEPARTMENT

.. It would be necessary to depict Crimea on them

A monument to the dead ships in Sevastopol you did not notice!

[figwam]

Yes, 200 rubles is Sevastopol, and Vladivostok 2000.

[DEPARTMENT]

Quote: Tol100v

Quote: DEPARTMENT

.. It would be necessary to depict Crimea on them

A monument to the dead ships in Sevastopol you did not notice!

But the truth is! Thanks for the tip .. And the bridge to the Russian island, this is a hint of Kerch! We know how to subtly troll in Russia!

[Mavrikiy]

Quote: Tol100v

Quote: DEPARTMENT

.. It would be necessary to depict Crimea on them

A monument to the dead ships in Sevastopol you did not notice!

notice that noticed, but we are wild, we only believe in letters. There is Yaroslavl and Khabarovsk, and this ... just meanness at the government level. (And I'm not the only one to see it)

[Vladimir16]

Quote: Mavrikiy

and this ... just meanness at the government level. (And I'm not the only one to see it)

And what's the meanness? I do not see. Can clarify your anger?

[Mavrikiy]

Quote: Vladimir16

Quote: Mavrikiy

and this ... just meanness at the government level. (And I'm not the only one to see it)

And what's the meanness? I do not see. Can clarify your anger?

My anger is caused by the lack of words on the banknotes "Sevastopol" and "Crimea". Have you seen?

[andy.v.lee]

A private bank of Russia issued regular candy wrappers. The emblem of the Russian Empire was put instead of the emblem of the bank earlier. And fake is prosecuted! Zimbabwean law or what?

[Mountain shooter]

Mon shermi, you would have carefully examined the materiel ... As for the bank, and candy wrapper, and in general ...

[figwam]

Quote: andy.v.lee

And fake is prosecuted! Zimbabwean law or what?

It was written the same on Soviet money.

[andy.v.lee]

But there was one weighty “but”: “State Bank ticket”! This means that in the USSR, counterfeiting treasury bills was a crime against the state, and in the Russian Federation faking tickets is a crime against a bank! Or am I wrong?

[avt]

Quote: andy.v.lee

But there was one weighty “but”: “State Bank ticket”!

Actually, there the inscription was - provided by the Central Bank's assets - gold, precious metals, currency, and the emission center - the Central Bank of the USSR. But treasury tickets from ruble to five - in goods. Clear Treasury system and issue of tickets led the Treasury

[figwam]

andy.v.lee

Well, like yes, the central bank is private and submits to the US Federal Reserve.

[Dr. David Livesey]

Here you are, comrade, deliberately wound this bootleg: at first you don’t like the Bank of Russia, then the emblem on the banknotes is bad, the fake didn’t please ... You try to fake the money and sell it, you will find out the difference: go to jail in the USSR or in RF, assess the Criminal Code, the time limits for this crime here and here, I have a suspicion that you won’t even spend weeks in the IC with such a character ... PEOPLE will be asked harshly.
PS I looked at your comments - yes, a typical troll, well, or a hard loser, an uneducated idiot from the province, envious of everyone and everything, good luck!

[dubovitskiy.1947]

Quote: andy.v.lee

But there was one weighty “but”: “State Bank ticket”! This means that in the USSR, counterfeiting treasury bills was a crime against the state, and in the Russian Federation faking tickets is a crime against a bank! Or am I wrong?

Sure. The laws that you violate by printing fakes do not protect the Bank of Russia, but the state. Try it yourself and feel it. After serving, come and report the results.

[Nyrobsky]

Quote: andy.v.lee

Interestingly, and where does the ruble oo? Or the Bank of China is already printing rubles)))

Well, after all, it is said in Russian, in order to reduce the dependence on the dollar in the calculations. It used to be on nat. buy bucks, and then bucks between themselves to pay for the goods, now the bucks are an extra link - they will pay with their own currency, although in the ratios tied to the dollar, but for now ....))) A golden measure is coming.

Quote: andy.v.lee

But there was one weighty “but”: “State Bank ticket”! This means that in the USSR, counterfeiting treasury bills was a crime against the state, and in the Russian Federation faking tickets is a crime against a bank! Or am I wrong?

Look at the minting of coins - for a couple of years they have been minting with the emblem of the Russian Federation. This means that den.signs are the property of the state, not the bank. The bank, whatever one may say, does not have such attributes as the army and justice, and therefore is in the service of the state, but not the other way around, although until recently its role as a lever of influence on the state on behalf of the US Federal Reserve was significant. Along the way, the bank tacitly goes to the image that is beneficial to the state.

[andy.v.lee]

Quote: andy.v.lee
Interestingly, and where does the ruble oo? Or the Bank of China is already printing rubles)))

This was not my comment!

[White and fluffy]

Gap template. The bank is private, not state. RF registered on the islands as an office

[Yu-81]

Quote: andy.v.lee

A private bank of Russia issued regular candy wrappers. The emblem of the Russian Empire was put instead of the emblem of the bank earlier. And fake is prosecuted! Zimbabwean law or what?

This is the emblem of the Russian Federation. What does the Russian Empire have to do with it? And what you deigned to name instead of the coat of arms earlier, it was the emblem, attention, of the Bank of Russia, which has nothing to do with Russia at all. And it is from this coat of arms that they are now leaving for our official coat of arms. If you did not know and do not understand, then you are truly sorry.

[andy.v.lee]

Oh yeah! A private bank that does not belong to the state glues the state emblem of the Russian Federation on its ticket! Cool!

[Yu-81]

Why are you so nervous? This is a fee for the expired .. USSR. We are slowly correcting the situation. Patience and endurance are required from you, and not cries about a bank that does not belong to anyone, and everyone has been in the know about this for a long time. Moreover, our banknotes will not become less legitimate due to your cries.

[andy.v.lee]

It happens! "Popcorn is ending!" Abroad (in China) is still legitimate to Beijing. Two years ago, in southern cities did not recognize. In Guangzhou (PRC jurisdiction) they did not change at the Bank of China, in Beijing they did!

[dubovitskiy.1947]

Quote: andy.v.lee

Oh yeah! A private bank that does not belong to the state glues the state emblem of the Russian Federation on its ticket! Cool!

Absolutely bummed? There are many banks in Russia, including private ones, but only the State Bank of Russia has the right to issue money (issue money).
As a matter of fact, in any other country this process is the same as ours. More precisely, we have it happening like everywhere else.
If you came here to troll, then do it smarter.

[Yu-81]

Quote: dubovitskiy.1947

There are many banks in Russia, including private ones, but only the State Bank of Russia has the right to issue money (issue money).

Well, as it were, but not quite so. This is not a state bank. For a state bank, it must have an institution by the state. And there is no such fact in the history of the creation of this bank. The only thing the state does is appoint the head of the bank. And nothing more. But who actually controls it and what the state’s rights to manage this bank are unknown to anyone, because these conditions are not described in the documents of this bank itself. Do not believe? Stop by and read the regulations on the central bank. The issue about which you mentioned in these conditions is also not entirely within the competence of the state. Moreover, the issue of our money is completely tied to the dollar. So that. So the comrade is actually in this part of the rights. Just do not be so nervous. At the helm of this bank is now a loyal person who, in my opinion, has been put there before I destroy 99% of commercial banks, which in their generality are a criminal sphere and a mechanism for scrolling through gray schemes. I think that after their destruction, the Bank of Russia itself will be reformatted and reassigned. Something like this.

[Dr. David Livesey]

How unpleasant it is to read the "authoritative" opinions of people with a very low level of education: "Well, as it were, but not quite so. It is not a state bank. For a state bank, it should be established by the state. And there is no such fact in the history of the creation of this bank. The only thing what the state does, it appoints the head of the bank, and no more. But who actually controls it and what the state’s rights to manage this bank are unknown to anyone, because these conditions are not described in the documents of this bank. Do not believe me? central bank. "
For a very "gifted" troll:
In the Federal Law of July 10.07.2002, 86 No. XNUMX-FZ "On the Central Bank of the Russian Federation (Bank of Russia)" (for the gifted comrade: the law is not a provision or even an imposition) it is written clearly and in Russian:
"Article 1. The status, goals, functions and powers of the Central Bank of the Russian Federation (Bank of Russia) are determined by the Constitution of the Russian Federation, this Federal Law and other federal laws.
The functions and powers stipulated by the Constitution of the Russian Federation and this Federal Law are performed by the Bank of Russia independently of other federal government bodies, government bodies of the constituent entities of the Russian Federation and local governments.
The Bank of Russia is a legal entity. The Bank of Russia has a seal with the State Emblem of the Russian Federation and with its name.
The central authorities of the Bank of Russia are located in Moscow.
 Article 2. The authorized capital and other property of the Bank of Russia are federal property. In accordance with the goals and in the manner established by this Federal Law, the Bank of Russia exercises authority to possess, use and dispose of the property of the Bank of Russia, including the Bank of Russia gold and currency reserves. Withdrawal and encumbrance of obligations of the specified property without the consent of the Bank of Russia are not allowed, unless otherwise provided by federal law.
The state is not liable for the obligations of the Bank of Russia, and the Bank of Russia - for the obligations of the state, if they have not assumed such obligations or unless otherwise provided by federal laws.
The Bank of Russia carries out its expenses from its own income. "
You would, the cleverest person, before sending publicly people to any documents, would ask how the Federal Law differs from some "provisions", but in general the trouble of our country is in the "lawyers" like you who incite the public to discontent. .. Go and do unskilled labor, stop lying on the couch and troll people !!!

[Yu-81]

See for yourself do not choke on your authority. And once again read for yourself those quotes from the Federal Law that you cited. Only thoughtfully. You’ll come.

[Dr. David Livesey]

Hello!!! Let's try again, get ready !!!
"Article 2. The authorized capital and other property of the Bank of Russia are federal property. In accordance with the purposes and in the manner established by this Federal Law."
It turns out?
Based on these simple, seemingly words, it is clear what are the state’s rights to manage this bank ???

[Nyrobsky]

Quote: yu-xnumx

This is the emblem of the Russian Federation. What does the Russian Empire have to do with it? And what you deigned to name instead of the coat of arms earlier, it was the coat of arms, attention, of the Bank of Russia, which has nothing to do with Russia at all. And it is from this coat of arms that they are now leaving for our official coat of arms.

If you take the notes of 1917-1918. then the emblem of the Provisional Government flaunts on them, which was printed on the banknotes of Russia after 1991. Well, the Anglo-Saxons can’t put up with our constancy by offering us temporary symbols))) Just now we started to mint a coat of arms symbolizing constancy, abandoning the coat of arms of the temporary workers.

[andy.v.lee]

Then there are a lot of nuances, one of some:
- Is the Russian Federation the assignee of the Russian Empire? And then what was the Soviet Union? Transition period?
- According to the Constitution of the USSR, which no one has canceled, except for raiders, the real formation of the Russian Federation is not legitimate at all. Who ruled that the Russian Federation is a state in general, and not a structure (an incomprehensible entity cobbled together "from what was")?

[Xela2202]

Something they (new bills) with their colorful coloring are similar to the Ukrainian hryvnia ......

[DimerVladimer]

Quote: figvam

Congratulations on the new dough, soon in all the wallets of the Russians.

And you have to congratulate on this?

I would not be happy ...
Sign of 100% inflation new money.
"Russian rupee" greatly depreciated over 10 years
in 2007, the yuan bought 3,3 rubles per yuan, and now 8,76 rubles per yuan.

For 10 years, the Russians began to receive half the number of Chinese colleagues for their work - an “excellent” result of the government’s work over 10 years.

[Lord of the Sith]

They will buy goods from Russia for the ruble, and Russia from China for the yuan.

[Gray brother]

Quote: l7yzo

Interestingly, and where does the ruble oo? Or the Bank of China is already printing rubles)))

So the money is the same. For example, in the border areas, with Russia, the regions have long been accepting rubles and nothing - the sky did not fall to the earth.

[purple]

Quote: l7yzo

Interestingly, and where does the ruble oo? Or the Bank of China is already printing rubles)))

in order to understand you need to think with your head ...
the main point is avoiding the dollar in mutual settlements, all currencies are converted through the dollar, but here there’s no hike

[Kent0001]

And through what? Gold? so it is also through the bucks. And then there will be a cz bucks, just quietly ...

[avt]

Quote: Kent0001

And through what? Gold? so it is also through the bucks.

Learn the materiel! Nixon officially untied the USA teller from gold.

[Sharansky]

How is gold security and price related? Gold trades in dollars in the same way as oil and gas

[dubovitskiy.1947]

Quote: Sharansky

How is gold security and price related? Gold trades in dollars in the same way as oil and gas

The gold supply of the international currency, the dollar, made it stable and less susceptible to economic turmoil. The Bretton Woods system died out and was replaced by the Jamaican currency system based on free currency trading (free currency conversion).
What unleashed hands in the uncontrolled printing of green papers. They began to earn money without making any effort. For example, you need a billion dollars in government needed. Print as much as you like. And they will give you a good percentage, only 2-3% per annum. It’s time to pay the bills, you return the face value and interest. They can burn the face value - these are empty pieces of paper. But interest is your hard-earned interest, they are provided with goods and your labor. They are real. Arithmetic is simple. And the more beggars who want to improve their economy, the better these bastards. They will print trilliards.

[Sharansky]

Quote: dubovitskiy.1947

The gold supply of the international currency, the dollar, made it stable and less susceptible to economic turmoil.

the dollar is quite stable without gold security, for it is provided with the most powerful economic potential of the United States. Or do you think Russia is just buying up US government bonds?

[dubovitskiy.1947]

Quote: Sharansky

Quote: dubovitskiy.1947

The gold supply of the international currency, the dollar, made it stable and less susceptible to economic turmoil.

the dollar is quite stable without gold security, for it is provided with the most powerful economic potential of the United States. Or do you think Russia is just buying up US government bonds?

Wrong. Compare the value of the dollar in 1945 and now.
US securities are bought not in order to earn money, but in order to withdraw the surplus money supply circulating in Russia and to conserve it in a place where they will not be stolen in an elementary way.
In a normal economy, inflation is minuscule. Rising prices are constrained by the competition of producers, trade, and high income taxes, making over-profit economically unprofitable. So, in the USA, production, services, trade has a profit level of up to 5% per year. Up to 7% per year is only a gaming business, but you cannot have a casino anywhere. Our store will not move a finger for 12-20%. The inflation regulator in our country is not competition and taxes, but an artificially constructed shortage of money. Throwing excess money into our bank is instantly losing them.

[Sharansky]

Quote: dubovitskiy.1947

Compare the value of the dollar in 1945 and now.

let's compare, what's next? The dollar from these comparisons has ceased to be the most stable currency in the world?

[dubovitskiy.1947]

Quote: Sharansky

Quote: dubovitskiy.1947

Compare the value of the dollar in 1945 and now.

let's compare, what's next? The dollar from these comparisons has ceased to be the most stable currency in the world?

Foreign gold reserves, not even given to their allies. Barbaric printing of blank papers.
If I am overwhelmingly stronger than you, and you are forced to be near my left foot, to make movements only with my consent, can we talk about the stability of the currency?

[Boa kaa]

Quote: Sharansky

How is gold security and price related?

A measure of labor, actually ... necessary for the extraction of 1 gr Au, and the production of this product. It is because of the large "complexity" that gold has become the world equivalent.
Political economy, however ...

[Sharansky]

If everything was measured by the cost of production, gold would cost many times less. And now its price is determined on the London Stock Exchange. And this price is not at all related to the price of physical gold. There trading volume exceeds physical stocks by 15000 times, what else to talk about

[dubovitskiy.1947]

Quote: Sharansky

If everything was measured by the cost of production, gold would cost many times less. And now its price is determined on the London Stock Exchange. And this price is not at all related to the price of physical gold. There trading volume exceeds physical stocks by 15000 times, what else to talk about

Think about it a bit. what you write. If the bidding is 15000 times higher than the real volume, then why the hell, one wonders, will the price of gold be so high?

[Sharansky]

Quote: dubovitskiy.1947

why the hell, one wonders, will the price of gold be so high?

the answer is in the question itself

[dubovitskiy.1947]

Quote: Kent0001

And through what? Gold? so it is also through the bucks. And then there will be a cz bucks, just quietly ...

You understand poorly. (More precisely, you don’t understand anything at all). Trading past the dollar is trading without acquiring a dollar in any other currency. That is, bypassing the US Bank. What follows from this? The classical economy requires that the money supply be equal to the mass of goods. Money has all the properties of a product. If there are a lot of them, then they are cheap. (snow, if it is a commodity, is very cheap in Moscow in winter. If money is scarce, they are expensive. The same commodity, snow in Africa in summer is much more expensive than Moscow. If the world economy converted masses of goods and masses of dollars in agreement, then the transition they will create an excess for non-dollar turnover. And this is nothing more than dollar inflation. It is clear that the US economy will withstand the blow, the trade turnover between China and Russia is not so large as to ditch it, but the blow will be significant. The moves of the followers of this step are also important. India , and others
Here, after all, you need to understand that using someone else's currency is not free.

[Mih1974]

Exactly - it is not the volume of such a turnover between Russia and China that matters. How terrible the Precedent !! Indeed, China will definitely have the same “dollar-less exchange” with other countries. Which in turn allows such countries, and not only through China, but also to do such an exchange with each other. And here it is - death to the Dollar. As soon as such a system covers a lot of countries with which China is trading, it will “shoot” the dollar with a calm heart. I don’t know how they will do it, “refuse to accept bucks” or demand gold or their yuan, the opportunity itself is important for them.
Russia turned out to be too weak for this and every first one in economic places ((. It’s bad that such a system is not built on our ruble, but the yuan will be much better. They at least do not like the Americans - filling the whole world with a buck and forcing " give "to them in debt.

[NEXUS]

Quote: Mih1974

Exactly - it is not the volume of such a turnover between Russia and China that matters. How terrible the Precedent !! Indeed, China will definitely have the same “dollar-less exchange” with other countries. Which in turn allows such countries and not only through China, but also to do such an exchange among themselves.

For this reason, BRICS and its own bank were created under it. And this, for a moment, is the population of half the planet.

Quote: Mih1974

And here it is - death to the Dollar.

It is important to understand that a too sharp collapse of the dollar, whether due to the transition to its own currencies, or for another reason, will bury the entire world economy under its own ruins ... therefore everything will be done gradually, and not in a hurry.
Putin kind of raised the question of the "golden ruble" ... I really don’t know at what stage this plan is now. I did not follow this.

[Yu-81]

Quote: Kent0001

And through what? Gold? so it is also through the bucks. And then there will be a cz bucks, just quietly ...

Read about the economy and the monetary system, and perhaps you will not ask these questions.

[Lena Petrova]

Our yuan, too, do not print, which, however, allows us to make calculations in them.

[forester]

Quote: l7yzo

Interestingly, and where does the ruble oo? Or the Bank of China is already printing rubles)))

Read the text - "for transactions in RMB and Russian ruffles," that is, the Chinese are with us rubles, and we will settle the RMB with them.

[midivan]

Quote: l7yzo

Interestingly, and where does the ruble oo? Or the Bank of China is already printing rubles)))

If you do not understand the essence of the news, I advise you to do just a headline, this is basically enough

[Pirogov]

Quote: DEPARTMENT

This is still a long way off, but you need to strive for this and think through every step!

It may be far away, but the main thing is that the authorities of China and Russia are starting to wonder if the dollar is needed, how much can Western cattle be fed?

[xetai9977]

The dollar will be the main world currency for a long time. The first economy in the world is not going to lose ground yet.

[vlad66]

Quote: xetai9977

The first economy in the world is not going to lose ground yet.

Did you mean China?

[Sharansky]

GDP by country for 2016 ($ MILLION):
United States of America 18 153 487
China 11 393 571
Russia 1 425 703

[dubovitskiy.1947]

Quote: Sharansky

GDP by country for 2016 ($ MILLION):
United States of America 18 153 487
China 11 393 571
Russia 1 425 703

Add government debt here. Does the US have something like 23 trillion? Logically add these concepts and understand that the United States lives at the expense of others. A sort of world gigolo. Alphonse.

[Sharansky]

Oh, I was waiting for a public debt, every couch economist always mentions it. Logically summarizing all the concepts, a public debt means that investing in the American economy is firstly profitable, and secondly, reliable. And even Russia is engaged in this, buying up US government bonds. Notice, we are not investing in our own economy, but in someone else's. That is, we trust our own less than the American. Moreover, this debt is denominated in American currency at a ridiculous 2% per annum.
And maybe I will tell you a terrible secret, but most of this public debt is an internal debt. That is, the country owes to itself. And the maximum state debt they already had in 1946, when it amounted to 126% of GDP. Still rotting apparently.

Quote: dubovitskiy.1947

that the US lives at the expense of others.

only at the same time they have never in their entire history delayed payments on this debt. That is, they give everything back. And always with interest.

[dubovitskiy.1947]

Quote: Sharansky

Oh, I was waiting for a public debt, every couch economist always mentions it. Logically summarizing all the concepts, a public debt means that investing in the American economy is firstly profitable, and secondly, reliable. And even Russia is engaged in this, buying up US government bonds. Notice, we are not investing in our own economy, but in someone else's. That is, we trust our own less than the American. Moreover, this debt is denominated in American currency at a ridiculous 2% per annum.
And maybe I will tell you a terrible secret, but most of this public debt is an internal debt. That is, the country owes to itself. And the maximum state debt they already had in 1946, when it amounted to 126% of GDP. Still rotting apparently.

Quote: dubovitskiy.1947

that the US lives at the expense of others.

only at the same time they have never in their entire history delayed payments on this debt. That is, they give everything back. And always with interest.

If your wife owes you, then with some discontent with each other, will you demand a refund or will you be a knight to the end? Own it yourself how? Does one jacket pocket owe to another pocket, or do some people, structures owe to another? No need to repay domestic debt? There the situation hangs until something comes up. For example, a real party and not with Saddam, but with the present? Dominoes will sprinkle actively and immediately.

Remember the Americans bubble with a mortgage.

[Sharansky]

Quote: dubovitskiy.1947

Does one jacket pocket owe to another pocket, or do some people, structures owe to another?

and you strain your brain, remember that we are talking about the state debt

Quote: dubovitskiy.1947

No need to repay domestic debt?

domestic debt is not a burden on the state, unlike external. The economy is corny owing to itself.

Quote: dubovitskiy.1947

There the situation hangs until something comes up.

there the situation is more stable than anyone in the world. To descend something is like a rahz about Russia and oil prices.

Quote: dubovitskiy.1947

Remember the Americans bubble with a mortgage.

I recalled that Russia suffered from this bubble much more strongly than the USA itself. Because their economy is simply an incomparable margin of safety.

[Arzoo]

GDP by country for 2016 ($ MILLION):
United States of America 18 153 487
China 11 393 571
Russia 1 425 703

Figley Migli called . According to the faculty you need to consider. We are not discussing the standard of living here, but the ability to produce the nth number of tanks (or something, for example).

And according to the teaching staff, the picture will be much depressing (in the BJF from the IMF):
PRC 21 286
USA 18 624
Russia 3 862

[dubovitskiy.1947]

Quote: Sharansky

Quote: dubovitskiy.1947

Does one jacket pocket owe to another pocket, or do some people, structures owe to another?

and you strain your brain, remember that we are talking about the state debt

Quote: dubovitskiy.1947

No need to repay domestic debt?

domestic debt is not a burden on the state, unlike external. The economy is corny owing to itself.

Quote: dubovitskiy.1947

There the situation hangs until something comes up.

there the situation is more stable than anyone in the world. To descend something is like a rahz about Russia and oil prices.

Quote: dubovitskiy.1947

Remember the Americans bubble with a mortgage.

I recalled that Russia suffered from this bubble much more strongly than the USA itself. Because their economy is simply an incomparable margin of safety.

A wonderful tactic is to harm Russia with its own sides. Ukrozopy assimilated this tactic. Talented should.

[Lord of the Sith]

You are right on the first point, and as for the second, for two years now it has been the second economy in the world.

[Partyzan]

First world economy so far

keyword while and the first because

[purple]

Quote: xetai9977

The dollar will be the main world currency for a long time. The first economy in the world is not going to lose ground yet.

licked ... well done

[DEPARTMENT]

Quote: xetai9977

The dollar will be the main world currency for a long time. The first economy in the world is not going to lose ground yet.

The dollar became the world currency after the United States with the Saudis, etc. OPEC. agreed that payment for oil will be made strictly for the American dollar .. There was a tricky move!
So that Russia and China are still ahead .. We will bring down a green piece of paper, which is actually worth nothing!

[St Petrov]

recently stumbled upon ruekspert. the second time today I throw a link

https://ruxpert.ru/дедолларизация

take a look Chronicle of dedollarization

two scrolls with the mouse down. Very interesting reading. I generally advise everyone to study this resource.

very sensibly disassembled. chewed on examples and with links to the source

The dollar will be the main world currency for a long time. The first economy in the world is not going to lose ground yet.

it is at first glance, if you don’t particularly delve into
So it’s not so simple)

[siberalt]

Now Russia will also be dependent on the renminbi. Business is the same game. But the one who always has the most money wins.

[purple]

Quote: siberalt

Now Russia will also be dependent on the renminbi. Business is the same game. But the one who always has the most money wins.

well, what a breth .... and where does the dependence ... just introduce a system of settlements, without the participation and influence of the dollar ... that's all

[Lena Petrova]

You can live in the taiga, and no one to depend on.

[Nikolai Grek]

and the weather, and the environment, and the mercy of God, and so on and so forth ????

[DEPARTMENT]

Quote: siberalt

Now Russia will also be dependent on the renminbi. Business is the same game. But the one who always has the most money wins.

The winner must be one who has security for the national currency and not only gold ...
And the practice of the West, it is time to make money from the "air" and severely punish the world .. In the USSR, it was not in vain that speculators-currency traders were shot! The world financial system has long been rotten and there is no one to rob, only the world war can save them from bankruptcy .. And they strive for this and constantly provoke especially Russia and China!
Here is a classic example ..!

I love this example, because in the world it happens in a simplified example ..

[dubovitskiy.1947]

Quote: siberalt

Now Russia will also be dependent on the renminbi. Business is the same game. But the one who always has the most money wins.

All countries depend on everyone. Just as you depend on your neighbor, and he is on you. But to depend unconditionally, when a neighbor does not give you the word to say one thing, but when you agree with him on the rules of conduct is another matter. Which do you prefer?

[opus]

Quote: DEPARTMENT

and think through every step!

Quote: l7yzo

Interestingly, and where does the ruble oO

payment versus payment (PvP)

A mechanism in the currency settlement system to ensure that the final transfer of one currency occurs only if the final transfer of another currency or currencies also occurs.
in this case, PvP earned on a bunch: yuan-ruble.
Therefore, the "ruble and"

[hrych]

Quote: DEPARTMENT

This is still a long way off

Closer than you think. And what does it give? Very simply, the yuan we earned for goods and raw materials will return to China as payment for their goods. And vice versa. No temptation to spend bucks elsewhere. Economies are more stimulated to cooperate and mutually tied, and a surplus here is disadvantageous to both. Overnight, the GDP, unlike the recent Muamor, who dreamed of a new gold currency, made world currencies rial, real, ruble, rupee, yuan, rand and more. This has already happened, but many have not yet realized it.

[faterdom]

It was high time to do it. This is the most powerful thing that you can hit on a brazen head-striped muzzle. Now all liberals will try to giggle and laugh (they are religious fans of the dollar), but now the owners of the dollar are not funny. And then they are not Libya or Iraq - you can’t arrange a storm in a glass! Even in Kim, it’s scary to jump in real life.
But Central Asia will not be mischievously childish, now the entire Syrian-Libyan black people will be pumped there.

[Sling cutter]

Quote: faterdom

Now all liberals will try to giggle and laugh (they are religious fans of the dollar), but now the owners of the dollar are not funny.

Prikinte, it’s not funny to Zavovkin’s “cellists” now.
Here, like electricity in Siberia, it’s barracked and hacked by our julmans who set up “farms” and mined bitcoins and got rid of dead raccoons, as soon as possible we have to drag grandmothers from offshore into investing in cryptocurrencies. That is, pvv "artificial intelligence" took care
The most important joke will be, if it is a prickly breeder

[Rurikovich]

And it’s interesting when they use it In order to strike at the hegemony of an unsecured piece of paper

[purple]

Quote: Rurikovich

And it’s interesting when they use it In order to strike at the hegemony of an unsecured piece of paper

six months somewhere, if the will of the participants ...
not so simple

[midivan]

Quote: purple

Quote: Rurikovich

And it’s interesting when they use it In order to strike at the hegemony of an unsecured piece of paper

six months somewhere, if the will of the participants ...
not so simple

If my sclerosis is not buggy, then five years have already gone by, and as I suspect, V.V.P. had such an idea a long time ago, about when he realized that it was useless to call “partners” for human relations.

[reservist]

Yuan could become the world's reserve currency -
after all, each of them will be provided with one living Chinese!

[purple]

Quote: reservist

Yuan could become the world's reserve currency -
after all, each of them will be provided with one living Chinese!

will never become ... only a new cryptocurrency can become a new reserve currency ... not bitcoin of course ... but something like this, only with regulated emission

[Sling cutter]

Quote: reservist

Yuan could become the world's reserve currency -

Quote: purple

never will be ...

You overslept everything, the yuan is already a reserve currency!

[andy.v.lee]

In third place after the dollar and the euro, ahead of the yen and the pound, and gaining weight "by the clock."

[Sling cutter]

Quote: andy.v.lee

In third place after the dollar and the euro, ahead of the yen and the pound, and gaining weight "by the clock."

That's it! I just sometimes marvel at the “darkness” of our other fellow commentators
"Darkness" ..... mmm ... "darkest" ... associations got into my head ..., "electorate" .. votes .. otherwise it will lose, yes, yes, no, yes .... , who got up, was in trouble, done everything, Ostap suffered

[MoJloT]

This dollar will do without the ruble and the renminbi, but the prospect is far from perspective.

[iConst]

Quote: MoJloT

This dollar will do without the ruble and the renminbi, but the prospect is far from perspective.

Well, there can still be no ruble, but without the yuan ... This is unlikely ...

[purple]

Quote: MoJloT

This dollar will do without the ruble and the renminbi, but the prospect is far from perspective.

all the power of the dollar is that they convert currencies through it.
Without other currencies, it is meaningless

[avt]

Quote: purple

all the power of the dollar is that they convert currencies through it.
Without other currencies, it is meaningless

Not only . Yes, oil on the exchange and other tangible, rather than virtual assets, are evaluated through a taller.

[faterdom]

Quote: Rurikovich

And it’s interesting when they use it In order to strike at the hegemony of an unsecured piece of paper

Monday launched. No noise and dust. Simple: there wasn’t - and there is!

[Kent0001]

Someone needs her, right now? Or is it still perspective?

[Gardamir]

The author will reveal a secret. Xi Jin Ping and Putin are two different people. The article says nothing about Russia. But for some reason, Russia is indicated in the title. And this is a lie.

[St Petrov]

ABOUT! Hello!)

Quote: s-t Petrov

https://ruxpert.ru/дедолларизация
Take a look at the Chronicle of Dedollarization
two scrolls with the mouse down. Very interesting reading. I generally advise everyone to study this resource.

here in this article it is said about Russia. Will you study it?) I’m interested in the opinion of the opposition regarding the work carried out by the government of the Russian Federation. You, as the most ardent anti-state on this site, may well represent her

[Gardamir]

Will you study?)

Thank you I’ll study not only the article, but also the site. Here is just one small amendment, I’m just for a strong state, unlike a person who cursed Russia with the words "doom to liberalism."

[St Petrov]

wow. well done. The site is very solid. maybe that will change in your vision.

I have two favorite Internet sources on which I rest - done by us and ruekspert

[Sling cutter]

Quote: s-t Petrov

I have two favorite Internet sources on which I rest - done by us and ruekspert

This is the rest of a real brutal, biting vodka with his lower lip and leaving for the astral
nanochubaiso also has a website, but it's already about the "mushrooms"

[St Petrov]

I mean a break from the surrounding informational slag, which often climbs here in the comments, I know from which articles and from which authors they write, practically dissatisfied are quoted.

Well you literally perceive everything

and I didn’t know about the Chubais website, I’m not interested in this kind of information.

Fiction is enough

and I like to eat vodka, but not on every holiday. And very rarely. Alcohol is evil

What do you think about this site? Kremleboty made it and it is not interesting?)

[Sling cutter]

Quote: s-t Petrov

What do you think about this site? Kremleboty made it and it is not interesting?)

ruekspert can still be read, I do not deny it, but the hat is done

and I didn’t know about the Chubais website, I’m not interested in this kind of information.

same as done

b] well you all literally perceive that [/ b]

joking
So in what place of Kerch were you?

[St Petrov]

in Geroyevka. Boarding house Pearl - something like that is called. The place will fly away. In Yandex in the search you can score. very cool)

[purple]

what?
we read only the headlines ... no article?
Well then, I have no more questions

[Egorovich]

Tavarotovorot between countries for yuan and rubles, but without a dollar. A good hit on the dollar. Long agreed.

[jovanni]

Russia and China do without a dollar

Hurry to read: Russia and China do without the dollar. Long...

[Skay]

Interestingly, the United States will risk smashing China like Libya at one time?

[Fedalex]

WHERE is my comment ?!

[Fedalex]

Perhaps you have nothing to do with it, but not with it - very often!

[Vard]

Yes, however, the trend ... Although in order to see the sunset of green ... I do not mind my savings ...

[_Jack_]

And how can I now send the yuan to the Chinese without converting to dollars?

[rocket757]

Apparently, the yuan will play the role of a reference unit - some kind of course to other national units of account, conversion, etc. etc. Nothing new ... the calculation standard has changed.
The ruble will be one of ...

[Chills]

Exactly to the national? Maybe to the yellow metal?

[Chills]

Special thanks for Arkhangelsk in the picture in the article. This is probably called "love for the motherland," when you accidentally see in the picture what you are a part of, and a mean male tear flows down an unshaven cheek. This is how conscripts feel when, far from their native lands, they suddenly see their 29th region on the number of a passing car. Yes ...

[midivan]

Quote: Oznob

Special thanks for Arkhangelsk in the picture in the article. This is probably called "love for the motherland," when you accidentally see in the picture what you are a part of, and a mean male tear flows down an unshaven cheek. This is how conscripts feel when, far from their native lands, they suddenly see their 29th region on the number of a passing car. Yes ...

What kind of sentimental archangelians are you

[senima56]

Long overdue!

[Eurodav]

Quote: l7yzo

Interestingly, and where does the ruble oo? Or the Bank of China is already printing rubles)))

In fact, they buy rubles, like our yuan! For settlements ...

[Admiral Ben Bow]

They will not manage ... Anyway, this exchange of banknotes between China and Russia will be tied to the dollar.

[rocket757]

this is an attempt to get rid of the dollar ...
there was a discussion and it is supposed to be tied to the gold standard, for example.
de facto the dollar is not provided precisely with gold. it employs the economic, political and military power of the states.
China, in alliance with a group of interested countries, is making an attempt to change the system of world settlements !!! ... what happens? wait and see.

[Admiral Ben Bow]

Quote: rocket757

China, in alliance with a group of interested countries, is making an attempt to change the system of world settlements !!! ... what happens? wait and see.

Who knows ... I read the opinion that it is beneficial for the United States to collect as much dollar mass as possible and destroy it. Allegedly, offshore companies will be confiscated for this ... Well, if the yuan becomes the standard, it is still unknown whether this will be a benefit for Russia. World-renowned experts argue. good or bad for everyone, the collapse of the dollar, and here we are on the site what forecasts can we do? Laughter...

[dubovitskiy.1947]

Quote: Admiral Ben Bow

They will not manage ... Anyway, this exchange of banknotes between China and Russia will be tied to the dollar.

You confuse two approaches to currency. First, both partners exchange their own money at the Bank of the United States for dollars at the exchange rate recognized by international financial organizations and sell, they buy the goods that are needed for these dollars.
The second approach- Both partners look into financial reviews, determine the price of their own money in relation to the standard (dollar) and exchange goods for their own money, but taking into account exchange rates. The second way frees both partners from going to a US bank and buying dollars in return for their money.
At the same time, both partners do not salivate the margins of the Americans for the acquisition of dollars. And poor Americans have to puzzle over the problem - what to do with the depreciating mass of unnecessary dollars? If I am not mistaken, such transactions are called swap trading.

[rocket757]

Not great progress, ss. they clamped a walrus !!!
I won’t say that it was exactly what was intended, but as I understand it, they were not going to count on the dollar at all ... the goal is a different standard !!!
And if for a dollar. at what turns out ??? Yusovtsi will be able to control the course HOW IT IS NECESSARY ... at the illusion that someone else is forming the course (market, exchange, speculators ...) and not the rich ... whatever you call them - this will be the capitalist international !!! in whose interests the national interests of individual states with their elites do not fit !!!

[Dargavs]

Now the standard of exchange can be considered not iPhones, but Xiaomi or tons of wheat .

[Mordvin 3]

Quote: DargAVS

and Xiaomi

Who are they?

[Vlad5307]

Quote: DEPARTMENT

Quote: xetai9977

The dollar will be the main world currency for a long time. The first economy in the world is not going to lose ground yet.

The dollar became the world currency after the United States with the Saudis, etc. OPEC. agreed that payment for oil will be made strictly for the American dollar .. There was a tricky move!
So that Russia and China are still ahead .. We will bring down a green piece of paper, which is actually worth nothing!

A start has been made - this is a real step in untying trade from the dollar. The processes will go on increasing and it is difficult to calculate the dollar’s ​​fall rate today, but they will inflate it strongly and blow it out carefully so as not to plunge the economies of the countries into the global crisis, which the SGA is trying to weaken on its territory, weakening the economies of other countries in every possible way (and not only Russia, but also the EU and others.)

[CAT BAIYUN]

Believe me, gentlemen, the United States is now tearing and tossing. Attempts to get out of the bucks States stop bloody and cruel (Libya).
And here....
And what to do with the Russian Federation or China? You cannot bomb either one or the other - mortally dangerous. Let's see how events unfold further.

[Tektor]

For those who have a head and only your eyes, I want to express an extremely thought-out idea that is crucial. Very volatile events are ahead of us, and we would need to somehow maintain the balance we have found with such difficulty with the Chinese economy. Everything will change: quotes, courses, prices ... It is important for us to have a priority benchmark that needs to be monitored constant at all costs. This is the ratio of the Chinese living wage, expressed in rubles through the exchange rate, and the Russian living wage, expressed in yuan through the exchange rate. Exactly this ratio should remain constant. But adjusted for a change in the ratio of median salaries in China and Russia. Now I want to sleep, and it’s hard to figure out which correction should be taken into account. Guess for yourself.

[Tektor]

Well, not so thoughtful was that scribble, when eyes were already stuck together. Correction ... two indicators are compared so that their ratio remains constant. The first indicator is the ratio of the minimum consumer basket in rubles at the moment to it, but only the comparison point in the past ... Divided by the ratio of the current median salary in rubles in Russia to the median salary in rubles the comparison point in the past. Those. we get a fraction, in the numerator of which is the product of the current value of the minimum consumer basket by the median salary of the comparison point. And in the denominator is the product of the cost of the minimum basket of the comparison point (in the past) and the current median s / n.
Another indicator is about the same, only Chinese: in the numerator you get the product of the current exchange rate (rubles per yuan) by the value of the current minimum consumer basket in RMB in China and the median value of the salary in China of the comparison point in the past. And in the denominator - the yuan exchange rate of the comparison point (rubles per yuan) to the value of the minimum consumer basket in RMB in China, the comparison point in the past to the current median salary value in China.
Thus, the dynamics of rates, inflation, and changes in the cost of living in China and Russia and changes in living standards for wages will be taken into account.

[Pavlovsky]

Clowns, first untie the Central Bank of the Russian Federation from the dollar and return it under state (Russian) government, and then the issues will be resolved about everything else.

[keeper03]

Shh, you can’t do it so sharply, the patient can fall into someone!

[keeper03]

Well, 10 more nails into the coffin of the FSA financial system!

[DimerVladimer]

In fact, this platform will allow for settlements without the intermediation of the dollar. According to CFETS, PVP will reduce risks in settlements and improve the efficiency of the foreign exchange market.

Yes, I’ve been working through Bank of China for 5-6 years in a ruble-yuan pair bypassing SWIFT.
Well, a new system has appeared - well, more systems - higher reliability, faster translation speed, less cost.

[Yu-81]

Dr. David livesey,
You do not see the difference between ownership and disposal of property? Property, including gold and currency reserves, is the property of the state, but the disposal of this property is included in the goals, which are actually determined by the Bank of Russia independently.

[rocket757]

Are you sure that the Bank of Russia determines its goals independently?
May this business is carried out according to certain rules. not a bank established?
And what side is the Ministry of Finance here?