Military Review

The currency that replaces the US dollar

39
The need for a gradual abandonment of dollar payments in the world has been spoken for a very long time. The monopoly position of the American currency as the main financial instrument of the modern world hinders the full economic development of many countries. Therefore, the world is concerned about the question, is it possible to do something to get rid of the dictates of the dollar?




At one time, many countries in the world, including Iraq and Libya, attempted to get rid of dollar dependence. Both Saddam Hussein and Muammar Gaddafi at various times planned to abandon the dollar in payments for oil, which caused a very negative reaction from the United States. Washington, by and large, doesn’t care how a ruler governs his country. The main thing is that the results of his rule should not threaten the economic power of the United States and their interests globally. It would be naive to think that Muammar Gaddafi was a less harsh dictator than the kings of Saudi Arabia, and Saddam Hussein was inferior in cruelty to such Washington favorites like Augusto Pinochet or Alfredo Stroessner. But Hussein and Gaddafi planned to free themselves from the dollar dictates, for which they paid. Now China has started talking about the need to abandon dollar settlements in the field of oil trade.

In fact, Beijing turned to this topic back in the distant 1993 year, but then the PRC did not have enough resources to turn the dream into reality. Now they have appeared. China is the most powerful economy in the world after the United States, and according to some indicators, the Celestial Empire has already left “Uncle Sam” behind. China has enormous human resources, enormous economic and military potential; therefore, it is impossible to do with China as the United States did with Iraq or Libya. This is well understood in Washington and therefore very nervous about every step taken by Beijing.



Recently, the world has developed a more than favorable environment for the beginning of the substitution of the dollar with the yuan in oil settlements. China "went on the attack" precisely when the United States and the European Union were distracted by such large-scale problems as the Syrian and Ukrainian crises, migration flows, the election of Trump, the clarification of relations with the Russian Federation. At the end of 2017, it was announced that oil futures with denominations in Chinese yuan would begin trading on the Shanghai International Energy Exchange (INE). In one day, trading volumes on the Shanghai Stock Exchange amounted to almost 3 billion dollars. For comparison, for the entire 2017 year on the stock exchange in St. Petersburg, only 208 million dollars were traded.

What is the reason for China’s success in ensuring oil independence? Today, China is one of the world's largest oil consumers. This gives him a number of advantages in the promotion of the yuan as a means of settlement in the oil market. China's offensive in the global market is characterized by flexibility and softness. Beijing should be exactly the same as the precepts of the ancient Chinese philosophers, who believed that water sharpens a stone and you need to act carefully and consistently, methodically go to the goal. For China, the inclusion of the yuan in 2015 in the “basket” of reserve currencies of the International Monetary Fund, which includes the US dollar, the euro, the Japanese yen and the British pound sterling, was a great success. The yuan became the fifth currency on this list, but in reality it ranks third, ahead of the yen and the pound sterling. A number of European national banks announced the inclusion of the yuan in the number of reserve currencies, which also contributed to the strengthening of the Chinese payment unit in the global financial market. Banks of Germany, France, Belgium, Spain keep a part of their funds in yuan, rightly believing that the Chinese currency is reliable and stable.



The Chinese yuan has very great prospects, but they entirely depend on what line of financial policy the Chinese leadership will choose in the foreseeable future. So far, the yuan is not ready for a full-fledged entry into the world market. At the congress of the Chinese Communist Party, the task of internationalizing the yuan, that is, turning it into a global means of payment, was voiced among the priorities. However, this entails a number of risks. Now the official RMB exchange rate is much lower than this currency can actually be valued.

The artificial exchange rate of the yuan is beneficial to the Chinese leadership, which thus keeps the country's economy afloat. At the same time, many economists say that it is time for China to move on to the free conversion of the yuan. This will allow more active in the global market. However, since the Chinese economy is largely developing due to cheap loans, the country's leadership fears that if the yuan is allowed to float, the outflow of capital will begin, with extremely adverse consequences for the Chinese economy.

For China, another option is much more interesting - the creation of a parallel financial system in which all payments in settlements with China will gradually be transferred to the yuan. This will allow China to break free from the influence of the dollar and increase the security of the national economy. However, many countries in the world are very afraid of turning the yuan into an international payment instrument, including the United States and such a long-time geopolitical opponent of China as India. They believe that international currencies should be freely convertible.

US President Donald Trump has repeatedly accused China of deliberately undervaluing the value of the yuan in order to ensure the growth of the Chinese economy. Calling the Celestial Empire "a great manipulator", Trump believes that it is the undervaluation of the yuan due to the lack of its free convertibility that provides the advantages of Chinese exports on the world market.

In the framework of strengthening the national currency and the gradual abandonment of dollar settlements, China is also implementing the “One Belt, One Way” strategy, the meaning of which is to integrate the Eurasian states into a single economic space more closely and on a large scale. The expansion of China's economic influence on a Eurasian scale is possible only with the support of a strong yuan, so economists predict that the entire 2018 year will gradually strengthen the position of the Chinese currency. On the other hand, China will actively invest in the economies of Eurasia, increasing the participation of Chinese capital and making economic ties between countries closer. An interesting system of loans that China provides to Eurasian states is not given money, but equipment or labor. Thus, the work provided by Chinese companies.

The strategic importance for China, as noted above, is oil trading. Now most of the contracts with China are tied to the price of the Dubai brand. This also applies, by the way, to Russian oil supplied to China. It is Russia that is the main supplier of oil to the PRC, with Rosneft playing the main role in the supply of “black gold”. Now Russia has had the opportunity not to let a significant part of oil revenues from trade with China through dollars, but immediately send the funds received to gold.

At present, restrictions on the sale of gold in the vaults of the Bank of Russia have been practically lifted, both for legal entities and individuals. Since gold has been a universal payment instrument for thousands of years, Russia makes the right choice, increasing its gold reserves and gradually freeing itself from being tied to the dollar. Over the past year, the Bank of Russia has been pursuing a strategy of buying gold for rubles. It was possible to replenish the country's gold reserves by 200 tons, which increased the state reserve by 10%. Without the slightest threat of inflation, a significant emission of the ruble was carried out, that is, the state was able to solve a problem that until recently many economists and financiers considered it practically impossible.

Given the growing ambitions of China, will it be easy for the dollar to hold on to its leading position? To begin with, a paper dollar that is not backed by gold, like any paper currency, depreciates. There is nothing surprising. Analysis stories world currencies show that they all went through stages of birth, take-off, maximum opportunities, depreciation and death. The dollar is no exception. By the way, the average age of a currency is about 27 years, and the dollar as a paper currency has been around 47 years. That is, it is a very impressive term by world historical standards. Already after Donald Trump came to power, the dollar began to fall against the major world currencies.

USDX is the most authoritative world currency basket, which includes the euro, yen, pound sterling, Canadian dollar, Swedish krona and Swiss franc. If we take 100 for 1973 when the index was launched, then over the past 45 years the dollar has known both ups and downs. In 2002, the index soared to 120, and at the beginning of the 2010's. went down even below 80. By the end of 2016, the index reached the 103,65 point, but as soon as the inauguration of the new US President Trump took place, the dollar began to fall. The dollar index versus a basket of major world currencies fell to 91,93. By January 2018, the dollar index fell below 90 points.

The currency that replaces the US dollar


What is the reason for the loss of American currency? Here the dependence of the economic and political spheres of society’s activity is most clearly manifested. The Donald Trump administration policy is weird and unpredictable. Donald Trump unleashed a global trade war, choosing China as the main target, and implicitly also aiming at Russia. But the beginning of the trade war was a strategic mistake of the American president. First, the increase in duties on goods imported into the United States struck not only in China, but also in the closest allies and partners of the United States, including European countries. Secondly, countries suffering from the policy of Trump began to look for other markets, which also can not affect the position of the dollar.

In addition to the trade war, Trump's policy is characterized by a number of other mistakes and miscalculations. So, a very large influence on the position of the dollar has a personnel leapfrog in the US administration. When Donald Trump came to power in the wake of populist slogans, he did not have his own team. Trump began to select and assign to key positions random people who are not members of a single team. One of the main criteria for selection was the media, which also had a negative effect on the professionalism and coherence of the actions of the team of the American leader. Since every prominent representative of the Trump team adheres to some personal views, the market simply does not know what to expect from the current American government. There is no stability in the presidential administration - it is not in the markets either.

As for the domestic economic problems that the United States is facing now, they are also related to the activities of the Trump administration. Military preparations, a rise in defense spending negatively affect the country's public debt, which continues to grow. Trump leads a very adventurous foreign policy, which causes an increasingly negative reaction from the global community.

On the other hand, Trump set his sights on restoring the American industrial infrastructure, which also requires huge financial injections and contributes to an increase in US domestic debt. Already in the first year of President Trump’s reign, the United States’s national debt increased by 1 trillion dollars. Accordingly, the already impressive costs of servicing the US public debt are increasing, which can be up to 25% of the US budget.

The situation is not the best, and this can not affect the position of the American currency. The position of European currencies is strengthening, primarily the euro, the British pound sterling. The Japanese yen feels good. Naturally, against this background, the positions of the Chinese yuan began to grow. Although in international payments the share of Chinese currency does not yet exceed 2%, it is very significant in China’s trade with individual countries of the world, especially with the states of Europe and Asia. Thus, more than half of settlements between the PRC and Singapore, South Korea, the United Arab Emirates, France, Spain and a number of other states are carried out in yuan. The yuan also accounts for 20% of settlements in trade between China and Japan. Of course, the positions of the yuan can not yet be closely compared with the positions of the dollar, but it is worth noting that quite recently the yuan was not considered as an international currency at all, and economists who would talk about the prospects of the Chinese currency would be considered insane. The world is changing and the place of the dollar in it is put into question.
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  1. apro
    apro April 28 2018 05: 42
    +1
    We love to bury taller. But the RMB is not yet a competitor. It provides the welfare of the West. The RMB does not have its own sphere of influence. They will block Western markets and problems are possible. Other solvent markets are also controlled by the West.
    1. dSK
      dSK April 28 2018 06: 04
      +1
      Quote: apro
      but yuan is not a competitor

      but is rapidly strengthening its position. Our Central Bank and the Ministry of Finance ignore it in vain. Another proof of the benefits of creating State Bank of Russia.
      1. apro
        apro April 28 2018 09: 14
        +1
        Quote: dsk
        ,. Our Central Bank and the Ministry of Finance ignore it in vain.

        The Central Bank of Russia, a branch of the Federal Reserve. The task is to support the taller.
        Quote: dsk
        Another evidence in favor of creating the State Bank of Russia.

        And who needs it?
  2. cedar
    cedar April 28 2018 05: 47
    +5
    The point is, by and large, not in the dictate of the dollar, but in power, the most powerful tool that the dollar is.
    If you notice, under the guise of various global wars and crises, there is a global abolition of cash currency as a result of global digitization of everything and everyone.
    Digitized humanity is driven into an electronic banking concentration camp, into a flash drive .. where the currency is "ched" - the human soul ...
    Now there is a struggle, who will be discharging this flash drive, which bank it will have in its "pocket" ...
    We see the root of Satanism, dear and not fooled into dollars, pounds, yuan and other euros ...
    1. To be or not to be
      To be or not to be April 28 2018 09: 10
      0
      CEDAR
      "" "Digitized humanity is driven into an electronic banking concentration camp, in a flash drive .. where the currency is" ched "- the human soul" "" !!!!!!!!!!!!!!!!!!!

      "" Neo: About the Matrix?
      Morpheus: Do you want to know what it is? The matrix is ​​everywhere. She surrounds us. Even now she is with us. You see her when you look out the window or turn on the TV. You feel it when you work, you go to church when you pay taxes. A whole world pulled over his eyes to hide the truth.
      Neo: Which one?
      Morpheus: That you are only a slave, Neo. Like everyone else, you've been in chains since birth. From birth in a prison that you don’t feel or touch. In the dungeon for the mind. Alas, it is impossible to explain what the Matrix is ​​... You have to see it yourself. It's not too late to refuse. Then there will be no turning back. Take a blue pill - and the story ends. You wake up in your bed and believe that it was a dream. If you take a red pill, you will enter the land of miracles. I will show you if the rabbit hole is deep.
      Morpheus
      What is the Matrix? Dictate.
      The matrix is ​​a system. The system is our enemy. But when you are in it, look back, who do you see? Businessmen, teachers, lawyers, hard workers, ordinary people whose mind we save. However, as long as these people are part of the system, they are all our enemies. You must remember that most are not ready to accept reality, and many are so poisoned and so hopelessly dependent on the System that they will fight for it.
      Agent Smith
      Have you ever admired the Matrix? Her genius ... Billions of people live a full life ... in a dream. You know, the first Matrix was created as an ideal world where there is no suffering, where all people will be happy. And a complete failure. People did not accept the program; everyone had to be destroyed. It is generally accepted that it was not possible to describe the ideal world in a programming language, however, I believe that humanity as a species does not accept reality without torment and poverty. That is, utopia is only a toy, which for the time being your primitive mind was amusing. Therefore, the Matrix has become so. The peak of your civilization has been recreated. It is your civilization, because when the machines began to think for you, our civilization arose. So, in fact, there was a coup. Evolution, Morpheus, evolution. And people are dinosaurs. Look out the window. This is the sunset of humanity. We are already here, Morpheus. The future is ours. ""
      ((The Matrix) is an iconic anti-utopian science-fiction film made by the brothers Andrew and Larry Wachowski))
  3. Ross xnumx
    Ross xnumx April 28 2018 06: 04
    +4
    China has enormous human resources, tremendous economic and military potential, therefore it is impossible to deal with China as the United States did with Iraq or Libya.

    And it reads like:
    China has huge human resources, tremendous economic and military potential, therefore it is impossible to deal with China as the United States did with Iraq, Libya or Russia. lol
    China did not prepare it immediately and not suddenly. Pretending to be simpletons and nonsense, he slowly and confidently walked towards his goal - world domination ... wassat Learn English? Then we go to you, master the Chinese phrasebook ... laughing
    The currency that replaces the US dollar

    Read how:
    A model of the economy that will replace American imperialism ...
    1. To be or not to be
      To be or not to be April 28 2018 09: 40
      +1
      Any manufacturer keeps on marketing their products.
      Deprive China of foreign commodity markets ... and it will collapse ...
      Therefore, the head of China also advocates globalism .. Because the other day the first train went along the Silk Road
      And the United States is the largest market for Chinese products .. What will we do? The answer is obvious ..
      1. naidas
        naidas April 28 2018 17: 36
        0
        Quote: To be or not to be
        And the United States is the largest market for Chinese products.

        Something I'm not sure that China will give its products for an unsecured dollar for a long time.
        Quote: To be or not to be
        Deprive China of foreign commodity markets ... and it will collapse ..

        Yes, does the USA lose computers, mobile phones, video and audio equipment, electrical equipment, engineering products, branded clothing, shoes and China will collapse?
  4. Monster_Fat
    Monster_Fat April 28 2018 07: 18
    +4
    I’m reading about how bad the “dollar” is and I don’t understand why it is in American stores, how everything cost, for example, 10 dollars 10 years ago, and it continues to cost ..... it’s as if the dollar “will collapse "soon .... winked
    1. Golovan Jack
      Golovan Jack April 28 2018 07: 25
      +4
      Quote: Monster_Fat
      as if the dollar would collapse soon

      And where did you find “collapse” and / or “soon” in the article?
      But the facts presented there take place, and this trend is rather unfavorable for the dollar.
    2. Cube123
      Cube123 April 28 2018 07: 57
      +2
      Quote: Monster_Fat
      I’m reading about how bad the “dollar” is and I don’t understand why it is in American stores, how everything cost, for example, 10 dollars 10 years ago, and it continues to cost ..... it’s as if the dollar “will collapse "soon .... winked

      This is just in american stores. In Russia, in 20 years, the dollar depreciated by an order of magnitude, and in 30, by two. In the early 90s, the average salary in Russia was $ 3 per month. Now - you yourself know. Therefore, the attitude in Russia towards $ sharply faded laughing
      And in relation to gold - the dollar for eight years fell at eight! times (from 11 to 2001). http://goldomania.ru/menu_2012_003.html
      The only thing that is stable is computers. As it was 30 years ago, a piece of bucks, and now it costs.
      1. Semen1972
        Semen1972 April 28 2018 14: 30
        +3
        Quote: Cube123
        This is only in American stores. In Russia, in 20 years, the dollar depreciated by an order of magnitude, and in 30, by two. In the early 90s, the average salary in Russia was $ 3 per month. Now - you yourself know. Therefore, the attitude in Russia towards $ sharply faded

        We have more than 70% of the population do not have savings and live from z / p to z / p. Therefore, what kind of attitude can they have. This is a reserve currency. But the population has no reserves .. "Have a good mood !!" And the power that this people has supported for almost 20 years is to blame.
        1. Golovan Jack
          Golovan Jack April 28 2018 14: 46
          +2
          Quote: Semen1972
          We have more than 70% of the population do not have savings and live from salary to salary

          Where does the data about 70% come from?
          Quote: Semen1972
          And the power that this people has supported for almost 20 years is to blame

          A landmark phrase, by the way: you do not support this power, but “this people” supports it. Options:
          1. The people are not the same.
          2. You are not the one.
          3. ?
          Choose yes
          1. Okolotochny
            Okolotochny April 29 2018 08: 33
            +4
            I choose 2 item. Sent Cossack.
          2. Semen1972
            Semen1972 3 May 2018 09: 27
            0
            Quote: Golovan Jack
            Where does the data about 70% come from?

            http://www.banki.ru/news/lenta/?id=10026544
            A landmark phrase, by the way: you do not support this power, but “this people” supports it. Options:

            I did not vote for Putin and everything is fine with finances. And the "people" have the right to choose anyone, we have a smart and far-sighted "people." If this government provides them with income from s / p to s / p, then that means it is necessary ... and then what kind of savings are we talking about. when a country fights off enemies, it wages war on several fronts, when liberalists and 5 columns destroy Russia. Not to accumulations, everything for the front, everything for victory!
        2. Okolotochny
          Okolotochny April 29 2018 08: 33
          +3
          For comparison, it would be nice to give the statistics of the Americans. Am I mistaken or a significant part of Americans live on credit, on credit? Feel the difference. Zadolbalo your Russia is all bad.
          1. Cube123
            Cube123 April 30 2018 09: 36
            +2
            Quote: Okolotochny
            For comparison, it would be nice to give the statistics of the Americans. Am I mistaken or a significant part of Americans live on credit, on credit? Feel the difference. Zadolbalo your Russia is all bad.

            You are not mistaken. Last year's data
            https://www.zerohedge.com/news/2017-12-04/first-t
            ime-modern-history-us-government-debt-will-surpas
            s-household-debt

            In Russian http://finview.ru/2017/12/05/vpervye-v-sovremenno
            jj-istorii-razmer-dolga-pravitelstva-ssha-prevysi
            t-sovokupnyjj-dolg-domokhozyajjstv /.
            "18.05.2017/10/55 XNUMX:XNUMX
            Moscow, May 18 - "Vesti.Ekonomika". "Total US household debt in the first quarter increased by 1,2% year-on-year to a record $ 12,73 trillion, the Federal Reserve Bank of New York said."
            http://www.vestifinance.ru/articles/85525

            "Americans owed loans of $ 13 trillion
            US Household Total Debts Reach Record
            14.02.2018/14/59, 3548511:XNUMX "https://www.kommersant.ru/doc/XNUMX"

            Given the US population of 325 million, this is the size of the debt per American $ 37.
            This is not government debt, but household debt.

            US government debt is another $ 23 trillion.
            http://investorschool.ru/gosdolg-ssha-onlajn
            That’s another $ 70 for every American.
            1. Okolotochny
              Okolotochny April 30 2018 10: 39
              +2
              Well, I'm about the same. Someone parasitizes almost the whole world and they are "bright elves". Where is Monster Fit? Let him explain.
              1. Cube123
                Cube123 April 30 2018 13: 54
                +2
                Quote: Okolotochny
                Well, I'm about the same. Someone parasitizes almost the whole world and they are "bright elves". Where is Monster Fit? Let him explain.

                And he is in proportion laughing
                1. Okolotochny
                  Okolotochny April 30 2018 23: 02
                  +1
                  Also lives on credit?
          2. Semen1972
            Semen1972 3 May 2018 09: 30
            0
            Quote: Okolotochny
            For comparison, it would be nice to give the statistics of the Americans.

            And why did you choose this wretched country with a decaying economy and currency, with a stupid government and stupid politics? They will fall apart soon, have found someone to equal.
    3. raw174
      raw174 April 28 2018 08: 37
      +2
      Quote: Monster_Fat
      Here I read about how bad everything is with the "dollar"

      Wait, wait! The rotting west is about to collapse! We’ll throw the Tsar’s cap on top and kirdyk! wink laughing
      1. Monster_Fat
        Monster_Fat April 28 2018 11: 01
        +1
        Wait, wait!


        Here I wait, I wait .... for how many years I "wait" .... winked
    4. Tomato
      Tomato April 28 2018 14: 48
      +1
      https://www.youtube.com/watch?v=luxkyf7uubE
      Do you believe your shameless eyes, they are on TV?
  5. andrewkor
    andrewkor April 28 2018 07: 48
    +1
    This is how Uzbek sum ($ 8100 for $ 1) comes out, the most reliable currency. No one outside the country needs it. Often earning $ 100 a month at 10 hours a day, and 6 working days a week from a simple hard worker in production. But it can reach up to $ 500!
  6. antiexpert
    antiexpert April 28 2018 09: 35
    +3
    Quote: Monster_Fat
    I’m reading about how bad the “dollar” is and I don’t understand why it is in American stores, how everything cost, for example, 10 dollars 10 years ago, and it continues to cost ..... it’s as if the dollar “will collapse "soon .... winked
    not the dollar will “collapse”, but it will be taken away from the United States, because the level of overconsumption that the United States assigned to itself is disastrous for the planet as a whole. And this is an objective reality.
    1. Semen1972
      Semen1972 April 28 2018 14: 42
      0
      Quote: antiexpert
      because the level of overconsumption,

      What do you mean? How is consumption in New York different from Moscow?
      1. Cube123
        Cube123 April 28 2018 15: 17
        +2
        Quote: Semen1972
        How is consumption in New York different from Moscow?

        In New York, you need about ten times more dollars for a comparable life than in Moscow. It is impossible to survive there on a Russian salary or pension.
        1. Semen1972
          Semen1972 3 May 2018 09: 36
          0
          Quote: Cube123
          In New York, you need about ten times more dollars for a comparable life than in Moscow. It is impossible to survive there on a Russian salary or pension.

          10 times ???? If the average salary in Moscow is $ 1000, then in NY you need 10000? On the Internet there is a price for products, do not be lazy and compare .. you will understand a lot of interesting things.
          And you want to say that an American consumes goods and services 10 times more ??? Where did these thoughts come from?
          1. Cube123
            Cube123 11 May 2018 16: 41
            +1
            Quote: Semen1972
            Quote: Cube123
            In New York, you need about ten times more dollars for a comparable life than in Moscow. It is impossible to survive there on a Russian salary or pension.

            10 times ???? If the average salary in Moscow is $ 1000, then in NY you need 10000? On the Internet there is a price for products, do not be lazy and compare ..understand a lot of interesting things.
            And you want to say that an American consumes goods and services 10 times more ??? Where did these thoughts come from?

            From personal experience. Dangled across the United States for half a year. Yes, grub and clothes are very cheap there. But there are mandatory costs that raise the cost of living by an order. We, the trainer, at the Olympics in Atlanta, took a heart in training. They called an ambulance. They spent less than a day in the hospital. They did nothing, just an examination. The invoice was issued for $ 17. And so on a lot of expenses that are not included in the usual statistics. Housing, heating, communications, car maintenance, insurance, child education, protection from job loss ... And if you contact the lawyers, they will stand out to dryness. You know how they say: "it is good where we are not." A lot of things that you, in Russia, consider almost free, cost a lot of money there. In New York it is impossible to maintain a family with an income of less than $ 000.
            But this is good in youth, when there is a lot of strength and energy. You will earn a living. Real problems begin when retirement approaches. Especially when they were not able (or did not have time) to earn their own housing. The average pension is less than the average payment for housing. Ever wondered why there are so many homeless old people living in cardboard boxes in the wealthy USA?
          2. Cube123
            Cube123 15 May 2018 08: 26
            +1
            Quote: Semen1972
            10 times ???? If the average salary in Moscow is $ 1000, then in NY you need 10000? On the Internet there is a price for products, do not be lazy and compare .. you will understand a lot of interesting things.

            I’ll add a little. When you compare different lifestyles, it is not very correct to compare prices for only one particular product. Different countries are a different way of life. In each country, something is better, and something worse. You need to watch in the complex, which is closest to you. What will you be prepared to put up with, and what will become unbearable for you personally. It’s like a spouse’s choice, but with even greater consequences.

            A good book, in my opinion: "I WANT TO LIVE IN THE WEST! About myths and reefs of foreign life [Electronic resource] / Y. A. Sidenko, G. B. Ivanov, V. V. Volkova; M .: B. I., 2011. - 342 p. " http://www.fhotm.kpi.ua/guest/o_mifah_i_rifah_zap
            adnoy_gizni.pdf

            It is possible to relate differently to the facts cited there, but it is worth getting to know each other.
  7. Imobile
    Imobile April 28 2018 12: 46
    0
    Quote: dsk
    Quote: apro
    but yuan is not a competitor

    but is rapidly strengthening its position. Our Central Bank and the Ministry of Finance ignore it in vain. Another proof of the benefits of creating State Bank of Russia.

    That is, do you propose investing in a currency that the authorities can and devalue in their interests? Good economists. Imagine you give money for a car, and tomorrow the owners of this money decide that you can buy only candy with this money! The dollar at the moment one has earned a reputation in the world, it is like respect. It must be earned for a very long time, and if at some point you break loose and take the wrong step, he will be lost right there. But the US is not taking the wrong steps. And as soon as an alternative currency with a similar reputation appears, it will be used. And whoever doesn’t understand, let him wait for the collapse, as the presenter, however, on the first channel (I haven’t watched it for 10 years, I don’t know if he’s been there) who said that now the dollar will collapse and the kirdyk will fall, since then the ruble has fallen many times, and here the dollar is stable. And given Trump's tax cut policy, US stability will rise to a new peak
    1. Semen1972
      Semen1972 April 28 2018 14: 47
      0
      Quote: Imobile
      And whoever doesn’t understand, let him wait for the collapse, as the presenter, however, on the first channel (I’ve not watched it for 10 years, I don’t know if he is there)

      Are you talking about the one who went to Rosneft and gets the bucks?)))
  8. Seld
    Seld April 28 2018 14: 06
    +3
    A strange message in the article .... Refusal from the bucks ... Strange, to say the least. Let me explain: absolutely all exchange rates are tied to ..... the dollar. That is, for example, the exchange rate of the ruble to the renminbi or the Australian dollar to the Swiss franc is calculated through an intermediate ..... BAX !!!!! You can pay with China for oil and diapers in RMB at the rate of the renminbi to the ruble, but this rate will be tied to the bucks equally. Alas, sir! This is how modern macroeconomics works. So, by the way, it’s convenient for (almost) everyone. And all the promises of direct rates between currencies - FROM LUKAVAVO! Any economist with average skill and 11th grade arithmetic will confirm this. The question is different, why did this happen and when? How were they calculated in the world in the 17th, 18th, 19th and early 20th centuries? And how did the gold chervonets of the Russian Empire behave, before and after the mess in 1917? Oooo, catastrophically interesting !!!!! Bucks tada were the most common den.units, with all the market subtleties and nuances in relation to other den.units in the world of that period.! The answer is generally simple and on the surface, in the Internet there is a sea of ​​information, incl. and regarding that notorious Bretton Woods agreement. There is also a lot of information about the attitude of the USSR to putting the bucks as a universal settlement (and payment) tool. Reasons are also indicated ... You can also look closely at the denominations of Europe until 1945/46. There is something to think about ... A jump from a buck, like many seemingly at first glance, does not at all mean good for the world (s) economy. Very likely, even quite the opposite! I believe that there are calculations and predictions on the subject of “shaw wakes up if the buck doesn't wake up,” but, I’m afraid, no modern computer can give a forecast with a reasonable probability of a result of at least 50% to the side “for peace or health " If you remove all of the above, then you can recommend to everyone and everyone to try to find the RUB equivalent for yourself ... For example, the rupe is 1 kg of brick, 1 gram of silver or platinum. Or 1 cubic meter of pine forest ... And then look at the equivalent of the renminbi to the same bricks, silver, patina or forest. So get a primitive course at the level of "between neighboring sections in the country" 8-)))))
  9. Tomato
    Tomato April 28 2018 14: 53
    +2
    It would be great if the author explained why the yuan is better for Russia as a reserve currency.
    1. Div Divich
      Div Divich April 28 2018 21: 41
      +1
      For Russia, the Yuan is no better than the Dollar. The transition only to harm the United States is stupid, since the transition will also lead to its losses (loss of finances, bankruptcy of firms, dismissal of workers). A better option is to use equally several currencies. In this case, problems with one currency are solved using another currency.
  10. Topgun
    Topgun April 29 2018 21: 12
    0
    I am amused by the comments of Ukrainians boasting cool weapons USA
    absolutely also look Russians bragging about the strong economy of China ...
    China will not breed snot (to make friends, build a brotherhood), it will calmly defend its interests (as the United States does), if not then others will move it, the way the world works
  11. Bobxnumx
    Bobxnumx 1 May 2018 02: 34
    0
    Goodbye green bastard ruble ruble and yuan!
  12. Arkady Gaidar
    Arkady Gaidar 2 May 2018 14: 13
    0
    So far, these are just judgments about the new Cold War and the prospects for victory in it. In addition, it is worth recalling Sigmund Freud: "People are driven mainly by two desires - pleasure and a sense of greatness." And since states are made up of people, it is logical to assume that the same motives motivate domestic and foreign policy.
    In addition, this author is far from the first to raise questions of global economic change and how they will happen:
    https://publizist.ru/blogs/110700/20577/-