Member of US Congress: Russia shows that neither friendship with the US nor the US dollar is needed for successful world trade

The United States is trying to change the situation in which the volume of world trade in US dollars continues to decline. Recall that the most rapid decline in the use of the dollar in trade transactions occurred in the past few years. To date, by estimated standards, the volume of use of the American national currency for trade in the world is no more than 36%. This is despite the fact that in the “golden” times for the United States, these volumes exceeded three-quarters of world trade.

The situation is being commented on in the US Congress. Rep. Marjorie Taylor Green, a member of the House of Representatives from the Republican Party, said that, being under the yoke of sanctions, Russia demonstrates that it is not necessary to use the US dollar for successful trade.

Member of the US Congress:

Against the backdrop of our self-confidence that we are saving democracy in non-NATO Ukraine, Russia is now showing that neither the dollar nor friendship with the United States is needed to succeed in trade.

Recall that earlier Republican Taylor Green voted against the law on providing military assistance to Ukraine, noting that by the end of 2021 Ukraine was recognized as the poorest and most corrupt country in Europe.

The American legislator has now pointed out that the refusal of the dollar in the process of trade, demonstrated by Russia, can become an example for a number of other countries of the world. And this will inevitably affect the American economy.

Comments

[Andron78]

For successful trading, there has always been sufficient secured demand, fair supply and partnerships.

[ivan1979nkl]

+ another important factor is the ability to protect these relations, your interests

[hrych]

Quote from ivan1979nkl

opportunity to protect these relations, their interests

In fact, only a large, nuclear power can allow this. Why Russia now receives support (at least neutrality, that is, tacit support) from many countries is equal relations in the economy and politics. And that's it, the Hegemon creaked, and the dollar was mortally wounded. But in order to build a world order with a single currency, they held two world wars, destroyed the Chinese, Russian, Ottoman, Austro-Hungarian and German empires with their sovereign economy and currency. Then, the Empire of Japan and the 3rd Reich, which appeared on the ruins of the old world, were bent into World War II. So, following the results of WWII, they destroyed the British Empire in pursuit. Although the boar with a cigar was put third, it was the conspiracy of Roosevelt and Stalin that determined the beginning of the New World Order. It was their collusion that led to the Breton Woods system and the adoption of the dollar as the world currency, but at the first stage, tied to the gold of Fort Knox, which was filled with the gold of the defeated empires and again, thanks to the deal between Stalin and Roosevelt. Well, the world government - the UN, Where? Of course, in New York. Then nuclear weapons appeared and it took a little time to settle down. Well, there is the beginning of the XV, Korea, Arab-Israel, the Korib crisis. It all ended with the Vietnam War. Khrushchev was overthrown here, and later Nixon was overthrown in the USA. And Brezhnev and Ford ensured the adoption of the Jamaican system, where the dollar was untied from Knox's gold and became the main world currency. Later, under the SALT-1 and 2 treaties, the nuclear arsenal was subordinated to the New Order. Brezhnev, in exchange for Vietnam, finally gave the PRC to the West, surrendered Indonesia, surrendered Egypt, recognized the lunar scam and made the USSR a raw material appendage of the World Order, pulled pipes to the west. Pipes in exchange for gas. Those. pipes for them, bought from them for our own gas. Brilliant. And the proceeds of the currency and gold of the party ... were spent on grain ... of course, American and Canadian. Oh yes, I also received an Afghan as a gift. The entry of troops with the West was agreed upon, but after the entry, the West began to squeal ... Gorby only brought Brezhnev's case to an end ... but not quite. Gorbachev was kicked in the ass just in time. Not the point. Stalin and Brezhnev are the fathers of the dollar, no matter how fantastic it may sound, but the facts ... Now the decommunization of the dollar is underway

[Arpad_Polan]

simplified history with a lot of half baked assumptions. I wonder how many historians would support this version of yours....

[hrych]

Quote from: Arpad_Polan

simplified history

I don't give a shit about historians, they serve the ruling regime that feeds them. Is it now that we have complete pluralism, which has never existed anywhere and never exists. Previously, the Communist bloc, after the victory in the Second World War, was an undeniable power, both militarily, both politically and economically. In a month, the Reich (the whole of Europe without Britain) produced 500 tanks, and the RSFSR made 2200 tanks, all metallurgy, its engineering and working personnel are behind this. Why RSFSR? Yes, because the western republics and part of the Caucasus were captured by the enemy and destroyed, and Central Asia was agrarian and very backward in industrial terms. After the war, Europe was destroyed, Asia too. Africa and Latin America were represented by impoverished, colonial countries, so the USA and the USSR could decide something and the adoption of the Breton Woods system without the consent of Stalin was impossible. The creation of the UN without the consent of Stalin is impossible. And the USSR signed the agreement at Breton Woods and the dollar became the world currency. One might assume that the United States achieved this with a monopoly on nuclear weapons, but the fact of the matter is that the Breton Woods conference was held from July 1 to July 22, 1944. And Trinity was blown up only on July 16, 1945. Also, the UN Charter was approved at the San Francisco Conference in 1945 on June 26, 1945. Where New York became the capital of the Planet. The Bretnon Woods and San Francisco conferences not only adopted the world currency and the world government of the New World Order, but also the IBRD - the basis of the World Bank, the IMF, the International Court of Justice, etc., which was preparing for the reign of the Antichrist. Well, at the beginning of the rule of the putschist - Brezhnev, the Socialist camp in general was a colossal economic and military power and political influence. And they went to untie the dollar from gold, and the economy collapsed.

[skeptick2]

Quote: hrych

now Russia receives support (at least neutrality, ie, tacit support) from many countries, so it is equal relations in the economy and politics.

Unfortunately, this so-called tacit support comes down only to the possibility of getting hydrocarbons from Russia on the cheap because of its difficult international position. In such cases, we say - for free.
As for the mortally wounded dollar, I hear talk of his imminent death from birth. For over half a century now. But for some reason, the Soviet ruble has sunk into oblivion along with the USSR, and the dollar lives happily ever after.
And what about equal relations in economics and politics... Question: Do Russia and China have equal relations today? Can China call Russia its equal partner?

[hrych]

The Soviet ruble was the internal currency of the Union and that's it. The Union used the dollar in international trade and played by the rules that it accepted to its own detriment. Rather, the treacherous leadership, which subordinated its bloodless and impoverished population to the New World Order. With the dollar, everything is simple. After the Jamaican system, when it was untied from gold, it was tied to the main commodity of the planet - black gold. And it seems that the auctions of the London and New York stock exchanges determined the cost of oil in dollars, but everything is exactly the opposite, black gold determined the dollar rate. Indeed, according to the Breto-Woods system, it was not the dollar that determined the value of gold, but gold determined the value of the world currency, moreover, it was fixed. Previously, gold was the main commodity of interstate trade, well, there is also silver. Paper money is a bill of exchange, which is an obligation of the state for a certain amount of silver and gold, although both silver and gold coins were in circulation. And do not look at what is minted there, these are just ingots of gold and silver of a certain weight. Now, silver and gold are not the main international commodities. Now the main thing is black gold. And this term is not accidental. So. The world's three main oil producers are Russia, Saudi Arabia and the United States itself. This trio is everything. But that's the problem with the United States, that the United States does not sell oil, but for consumption, it needs the same amount. Conventionally, everything that Saudi Arabia produces. Further in oil production, where plus or minus a third of the production of the leaders, these are Iraq, Iran, Kuwait, the United Arab Emirates, etc. In terms of oil reserves (untapped), the leaders are Iran and Venezuela. It was the West that controlled the "controlling stake" in oil. But thunder struck and Iran and Venezuela went into a hostile bloc, which they began to build ... Russia. The war in Iraq did not bring happiness. And then a miracle happened, the Jabal-Nafti superfield was discovered on the Syrian shelf, almost Europe. With reserves like Kuwait, coupled with natural gas that has been imposed on the head, which ate a piece of oil in world trade, there is also the prospect of Arabian gas pipes, and even next to Jabal, on the Lebanese shelf, but going to the shelf and Syria, and Israel is a super gas field. Like Leviathan etc. The West wanted to take Syria, and Israel invaded Lebanon and ... received on tinsel. The Syrian shelf captured ... Russia. And now, a terrible thing happened, the Americans offended the Saudi prince, there was an unsuccessful coup attempt, but MBS retained power and asked Putin for his support, dad, having arrived in the Kremlin, barely walking, the last son of Saud. Let us recall the unsuccessful coups in Turkey, Venezuela, lithium Bolivia, and now in Brazil. On the old woman-proruch. Even the Africans drive the imperialists away with soaked rags, Wagner take them. And the Saudis, and other sheikhs with them, agreed to trade oil in national currencies. Iran agreed on this, Venezuela and of course Russia. Or rather, not even in national currencies, there are yuan and rupees, but BYPASSING THE DOLLAR. And only now there is no gold behind the dollar, and they themselves got rid of it in Jamaica, there is already no black gold behind it. The king is naked. Therefore, what you have been listening to for so long has come to pass.

[Ross xnumx]

Quote from: skeptick2

As for the mortally wounded dollar, I hear talk of his imminent death from birth.

Were you born in the late 90s? Then you can’t remember how in the early 90s the dollar became the only way to save what you earned (some were even paid in dollars) ...
In Soviet times, there was talk about the inevitability of the collapse of capitalism...
If the dollar sang, Americans would not throw it away in billions and would not accumulate trillions in debt ...
They will puff up for a while more until they are sent along with their greens ...

[hagen]

Quote: Andron78

For successful trading, there has always been sufficient secured demand, fair supply and partnerships.

This is in an ideal world. The real world is far from ideal, so there are an order of magnitude more factors that affect the success of trading. We honestly complied with gas supply agreements. Its demand was fully secured and even extremely beneficial to the buyer. The relationship between the seller and the buyer in the business environment was quite sane and mutually satisfactory. How are you doing today? In fact, everything is much more complicated and less predictable ...

[Andron78]

Of course, in the ideal or in the multipolar one we are striving for.

[Ross xnumx]

Quote: Hagen

In fact, everything is much more complicated and less predictable ...

In fact, everything is nowhere simpler: Americans feel bad when somewhere people start to live well (better).

[Leader_Barmaleev]

You have described the IDEAL trading pattern. Everything is correct, but there is one caveat - this does not happen. Nowhere, with anyone and never. At the current moment, the transaction is considered successful if the foreheads of the partner are sure that they have outwitted each other. Value added, planned profit and market conditions are the three pillars on which modern trade rests. All three elements imply, at a minimum, deceit. Take any store as an example - 300% is added to the cost, VAT is added, all taxes are included in the price (and the income tax has already been taken from you) and a proud price tag weighs with a 10% discount - if this is fair trade, then I'm the pope. And at the level of interstate trade, I break off tricks more abruptly.

[dnestr74]

You are a layman in trade, judging by the example of the store, especially about 300 percent

[evgen1221]

No, you live in the world of pink ponies. In the province, 100 kilometers from the district, they live like that. 200-300% to the purchase price to fasten, as for hello.

[lucul]

You have described the IDEAL trading pattern. Everything is correct, but there is one caveat - this does not happen. Nowhere, with anyone and never. At the current moment, the transaction is considered successful if the foreheads of the partner are sure that they have outwitted each other. Value added, planned profit and market conditions are the three pillars on which modern trade rests. All three elements imply, at a minimum, deceit. Take any store as an example - 300% is added to the cost, VAT is added, all taxes are included in the price (and the income tax has already been taken from you) and a proud price tag weighs with a 10% discount - if this is fair trade, then I'm the pope. And at the level of interstate trade, I break off tricks more abruptly.

Voooot. And on this deception (the state of traders), no one will shed their blood for him, as we did in the Second World War. This is how the armies of the Western world are arranged. The general battle is a loss, and that's all - there is no state. Traders will simply pay another master and that's it)))) They don't care about the state - they only worship the Golden Calf.))) And the people will not rise - since the people themselves are traders.
This is what it is, the state of traders))))

[hagen]

Quote: lucul

Voooot. And on this deception (the state of traders), no one will shed their blood for him, as we did in the Second World War.

Please tell me, in 1812, what kind of state was Russia? And the people won the war and somehow did not rebel, but somehow the language does not turn to call Russia of those times a social state. Something is wrong with your formula...

[lucul]

Please tell me, in 1812, what kind of state was Russia?

A state where prestige (aristocracy) ruled, and not traders. Or do you want to say that the Russian Empire in 1812 was a state of traders? )))))))))

Something is wrong with your formula...

It's something in your worldview that's not right.

[hagen]

Quote: Leader_Barmaleev

Value added, planned profit and market conditions are the three pillars on which modern trade rests

You have mixed signs of two completely opposite pricing principles into one mix. I think you are not very good at trading theory.... Judging by the rest, you are a simple consumer whose ideal is "everything should be free in an honest store." I'm not even talking about taxes. In short, there are topics in which you swim not badly. Sometimes even interesting. Limit them. Why make people laugh by "wandering in unfamiliar wilds"? Sorry for being direct...

[abrakadabre]

Russia is now showing that neither the dollar nor friendship with the United States is needed to succeed in trade.

For successful trading, there has always been sufficient secured demand, fair supply and partnerships.

Exactly. To do this, you need only three things: the seller, the product and the buyer. And all sorts of "pads" in the form of international institutions or currencies are situational. No more.

[Metallurg_2]

There are two fools in the market: one sells, the other buys.

[carpenter]

Russia is now showing that neither the dollar nor friendship with the United States is needed to succeed in trade.

Well, finally, at least one realized that you can safely do without the United States and their fictitious, notorious "dollar" ..

[Zoldat_A]

Quote: carpenter

Russia is now showing that neither the dollar nor friendship with the United States is needed to succeed in trade.

Well, finally, at least one realized that you can safely do without the United States and their fictitious, notorious "dollar" ..

I am only afraid that until the moment when so many people understand this, so that they really rethink something about themselves, it will take even more time than the United States exists.

[sadam2]

I remember a couple of months ago here they carried the Breadwinner in their arms about paying for oil and gas in rubles, how much they were delighted ... and what is the status of that story now that you happen to follow?

[lucul]

Well, finally, at least one realized that you can safely do without the United States and their fictitious, notorious "dollar" ..

No-no-no - but what about the gesheft? )))

[rotmistr60]

Russia is now showing that neither the dollar nor friendship with the United States is needed to succeed in trade.

And when other countries with actively developing economies start to show this, then the Americans will feel very bad.

Against the background of our self-confidence...

And the United States has an abundance of self-confidence and arrogance, and this prevents them from thinking soberly and making the right decisions.

[Zoldat_A]

And how beautiful it all began in Bretton Woods!

You live for our paper, and we will provide any of our paper with GOLD!

And what did it come to?

Gold? What gold? Did not hear...
Here's a paper worth 1 cent per wrapper, regardless of the denomination. How much do you need? Trillion? Two? Take it - we will print more for ourselves.

Throughout its life after Bretton Woods, the dollar has shown that any, even the best, idea can be vulgarized and distorted.
To do this, it is only necessary to allow the Americans to profit from it.

[Leader_Barmaleev]

by estimated standards, the volume of use of the American national currency for trade in the world is no more than 36%

For a financial empire, and the United States is essentially a financial empire, this is already critically small. All empires have one thing in common - expansion. And in fact, the main element of expansion is not important - it can be territory, it can be military force, political or economic expansion. Expansion ends - empire ends. At the moment, the United States is trying to change the element of expansion - instead of money, they are trying to use military force, but they are doing it exclusively by proxy, because they really don’t want to risk the lives of their soldiers, fearing a social explosion within the already far from homogeneous American society. It is bad and scary to live in an era of change, but something tells me that with the collapse of America, positive changes will come. Yes, it's interesting to just look at it.

[igorbrsv]

The US economy is reminiscent of MMM. There is as long as suckers carry money. Although on the contrary ... This "MMM" was created in their image and likeness of the US economy

[Zoldat_A]

Quote: igorbrsv

The US economy is reminiscent of MMM. There is as long as suckers carry money. Although on the contrary ... This "MMM" was created in their image and likeness of the US economy

The only difference is that MMM barked, burying the hope of "buying boots for my wife" of individual, especially gifted "partners".
America doesn't want that. She wants as much as possible of everything and everything in the world to collapse with her. And there by musings, by musings Over the carcasses, over the carcasses... Over the heads, over the heads... You look - and they will climb out.

And the main task is not to end up in that pile of "dollar-dependent carcasses."
Yes, only when you look at our "financial and economic bloc", optimism flies and flies somewhere ... Either they have "exceptions", then they have "circumstances", then they have "established practice" ... In general, death will find a cause, and our "great economists" will have time to "invest" more than a dozen lards in support of the green paper ...

[ivan1979nkl]

in some cases, friendship with the US and the US dollar are detrimental to successful trading

[Alex242]

The American legislator has now pointed out that the refusal of the dollar in the process of trade, demonstrated by Russia, can become an example for a number of other countries of the world. And this will inevitably affect the American economy.

this will be the worst dream of amers ....

[Alex242]

Quote: igorbrsv

The US economy is reminiscent of MMM. There is as long as suckers carry money. Although on the contrary ... This "MMM" was created in their image and likeness of the US economy

world scam, will not collapse in any way ....

[Zoldat_A]

Quote: Alex242

Quote: igorbrsv

The US economy is reminiscent of MMM. There is as long as suckers carry money. Although on the contrary ... This "MMM" was created in their image and likeness of the US economy

world scam, will not collapse in any way ....

Come on, this bubble just boomed and that's it. We and the whole world laughed and would have forgotten.
No! Americans don't know how! They need the bubble to be filled with shit and drown the whole world. In one sting, they will not eat their shit.

[Arifon]

"Russia shows that for successful world trade..." EXTREMELY HARMFUL friendship with the US and the US dollar!

[Uprun]

They would have to bomb the BRICS countries, but 2/3 of the world's population lives there .... From there, the entire "contagion" spreads around the world.

[rocket757]

Member of US Congress: Russia shows that neither friendship with the US nor the US dollar is needed for successful world trade

Not fast, but the process is underway.
And so, the dollar is so woven into the structure of world trade that squeezing it out of there is not easy, and even harmful, if you show excessive zeal.
A replacement is needed, one for another, otherwise, problems may arise ... objective.

[michael2000]

I am tormented by vague doubts that Washington will soon legalize privateering and the world will again remember the golden days of John Silver.

[Fizik13]

The truth is spoken by a member of the US Congress.

[malyvalv]

In 1944 at Bretton Woods, America managed to convince the rest of the world that the dollar is the equivalent of gold, only more convenient in trade and settlements. It's like finding 5 Eldorados and 10 Klondike at the same time. The whole world began to sell their hard work and resources for printed pieces of paper.
In 2022, Russia showed that if you refuse to consider the dollar as the equivalent of gold, then nothing terrible happens in the economy. That you can tie your currency not to the dollar, but to your own resources, including gold. Soon all countries will follow this example.

[NikolayDS]

Quote: malyvalv

In 2022, Russia showed that if you refuse to consider the dollar as the equivalent of gold, then nothing terrible happens in the economy.

Oh ... The dollar has not been pegged to gold unofficially since 1971, but officially since 1976 - the Jamaican monetary system was introduced, which abolished Bretton Woods.

[NikolayDS]

Marjorie Taylor Green is the jolly Georgia housewife who demanded the execution of Democratic congressmen. Maybe you shouldn't take this news so seriously?

[Storog dvornik]

Quote: hrych

Pipes in exchange for gas. Those. pipes for them, bought from them for our own gas.

Yes ... My father from the late 60s to the mid-80s built pipelines to Europe, sent specialists to Iran, Libya ... One of his subordinates received the Star of the Hero of Socialist Labor ... All the time on business trips in the North, supplies, salaries on business trips, at least 500 rubles, with the usual one at 250, and for some months they reached 1000 (the membership card was preserved with party contributions, the salary was registered there) ... Treshka 70 sq / m, Zhigul, dacha, walls \crystal...
It would seem to live and rejoice, but it was from him that I heard a phrase similar to yours - they say, the West supplies us with pipes, we supply energy to the West, and we buy all the same pipes for currency! ... The heart of a communist / front-line soldier was restless ...

[shinobi]

Money was invented to simplify trade operations. They are a symbol of barter, but not the equivalent of a barter commodity. The gasket from the commodity-money-commodity formula is easily removed and replaced. This is actually why the United States tried to change the formula to money-commodity-money, essentially making the dollar goods. Which immediately led to a series of economic crises. The laws of the economy are older than the United States, in fact, they are as much as humanity itself, so the dollar will face an inevitable collapse. Not all at once and very painfully for everyone who relies on it.