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Bloomberg: Putin turns to China as Russia's Economy is weakened by sanctions.

by Joe Mobley
14 replies
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Defying the U.S. and Europe is forcing Russian President Vladimir Putin to aid his biggest rival to the east. To avert a recession, Russia is turning to China for investment, granting it once restricted access to raw materials and advanced weapons
"Now that Putin has turned away from the West and toward the East, China is drawing maximum profit from Russian necessity,"
Russia's economy is more vulnerable than it's been since the collapse of the Soviet Union in 1991. Unlike then, Russians are united in support of their leader
The world continues it's slow march away from the US Dollar.

Putin Turns to China as Russia's Economy Is Weakened by Sanctions - Businessweek

Joe Mobley
  • Profile picture of the author HeySal
    Yeah, Putin and China are about to go in together and drop off the dollar as reserve currency. Poor little guy, huh? They're going to tank our asses and Bloomberg is being cocky about Putin's position? Smart. Real smart.
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    Sal
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    • Profile picture of the author seasoned
      Originally Posted by HeySal View Post

      Yeah, Putin and China are about to go in together and drop off the dollar as reserve currency. Poor little guy, huh? They're going to tank our asses and Bloomberg is being cocky about Putin's position? Smart. Real smart.
      If it were ME, I would be trying to get putin to swing the world over to a more capitalistic society. Russia's last attempt, before putin took power, relied too much on communication they made impossible, and patriotism that wasn't there. The bad economy didn't help EITHER! People effectively sold the country for a few loaves of bread. Putin ended up betraying a coup to bring it where it is NOW.

      One of the repercussions of the Ukrainian battle is that the G8 fired the last president and suspended his country. The president? Vladamir putin. The country? RUSSIA! That may end up hurting the others MORE than Russia! Since they are not to trade with Russia, Russia can make their Russian currency WORTHLESS! That means they lose their power to hurt the currency more. The agreement is that they sell the currency to Russia to devalue it. That is what the G8 does! They maintain parity by selling currencies that are too strong, and buying ones that are too weak. MEANWHILE, Russia can come out with a NEW REAL currency, and wipe out ANY ability to hurt the Russian currency, and it makes the old currency worthless. The US, Germany, and others did the SAME exact thing in the past.

      Steve
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  • Profile picture of the author HN
    Banned
    Several years ago Putin asked: "Why are we selling oil in London for US Dollars, and not in Russia for Rubles?"

    Also, for every 10 tonnes of gold equivalent of oil Russia exported, it got 1 ton of paper in return. Putin decided to stop this madness.

    It's pretty obvious why Russia is being demonized. Countries have been destroyed for the same reason, eg. Iraq which planned to switch to selling oil for Euros and Libya which planned to establish the golden dinar.

    Russian economy is weakened? European economy is devastated. Russian small businesses will rise, since the cheap imports are no longer a competition. Third world countries will benefit from Russian imports and those will rise as well. It seems that all those events that had lead to sanctions have been orchestrated by pro Russian puppet masters as Russia will benefit in the long term, while US in the short term. Europe is the biggest loser in this game.
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    • Profile picture of the author seasoned
      Originally Posted by HN View Post

      Several years ago Putin asked: "Why are we selling oil in London for US Dollars, and not in Russia for Rubles?"

      Also, for every 10 tonnes of gold equivalent of oil Russia exported, it got 1 ton of paper in return. Putin decided to stop this madness.

      It's pretty obvious why Russia is being demonized. Countries have been destroyed for the same reason, eg. Iraq which planned to switch to selling oil for Euros and Libya which planned to establish the golden dinar.

      Russian economy is weakened? European economy is devastated. Russian small businesses will rise, since the cheap imports are no longer a competition. Third world countries will benefit from Russian imports and those will rise as well. It seems that all those events that had lead to sanctions have been orchestrated by pro Russian puppet masters as Russia will benefit in the long term, while US in the short term. Europe is the biggest loser in this game.
      Let me guess! YOU'RE in Russia?

      RUSSIA has a LOT of reason to be demonized. They are FAR from blameless. As for putin? I really don't know where to put him. But I do NOT think he is an idiot. TheUS should take putin seriously, and treat him with RESPECT! NOT FEAR, NO COWTOWING, ETC... but good old fashioned respect. WHO KNOWS, maybe he'll end up being a nice guy and we could REALLY end the cold war.

      That IRAQ garbage was proven to be a lie just last week, so you can stop now! There WERE valid reasons for going in, that had NOTHING to do with OIL!

      As for precious metals? I can't speak for places like Libya, though I DOUBT it is rich in precious metals. Russia and Africa ARE rich in precious metals.

      Steve
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  • Profile picture of the author HeySal
    I have a lot of respect for Putin. Russia was destroyed by communism and he has a whole pile of crap to try to piece back together. Their infrastructure was ruined. He's got some policies I don't care for, but all in all - he shoots from the hip and you don't have to guess where he really stands on anything. World Bank is probably going freaking bonkers right now with Russia and China teaming up to drop them off. It's time for the world to do that, though. Almost all wars in the last 100 years have World Bank behind them. That bank has done nothing good for this globe. It needs to be disbanded. I think the other two superpowers are about to see to it. Here in the US, we're sooooo owned by WB that we can't move against them.
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    Sal
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    • Profile picture of the author Kay King
      I agree on Putin - it's popular in the US these days to look down on him as uncouth....but he's one smart and savvy leader.

      While our leaders claim sanctions are hurting Putin ---Putin is busy forming partnerships with all countries that aren't on board with U.S. policies. It's a smart move.

      Almost all wars in the last 100 years have World Bank behind them
      The World Bank is 70 yrs old, isn't it?
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      • Profile picture of the author Cali16
        Originally Posted by Kay King View Post

        While our leaders claim sanctions are hurting Putin ---Putin is busy forming partnerships with all countries that aren't on board with U.S. policies. It's a smart move.
        A very smart move...and one the U.S. is, hopefully, watching very closely. I would rather see us finding a way to work with Putin, than against him. Not sure that's possible, but the thought of China and Russia teaming up is disconcerting.
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  • Profile picture of the author HeySal
    No - the FED was instituted against us in 1913. It was in 38 that we were bankrupted and we actually became owned by it.
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    Sal
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    • Profile picture of the author Kay King
      You lost me - do you mean World Bank (1944) (and IMF) or Federal Reserve (1913).

      History: World Bank (and IMF) launched at the Bretton Woods Conference, 1944

      What am I missing?
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      • Profile picture of the author HeySal
        Originally Posted by Kay King View Post

        You lost me - do you mean World Bank (1944) (and IMF) or Federal Reserve (1913).

        History: World Bank (and IMF) launched at the Bretton Woods Conference, 1944

        What am I missing?
        World Bank, okay - it was Established officially in 44 - however, it is nothing but a consolidation of the banks that are the FED. Owned by the same people - Rothschild at the head, Rokerfellers, and the rest of our owners.

        Here's the 10 that are actually "the FED" and you can look up their part in the Central Bank (World Bank, now) system.
        Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York* Lazard Brothers of Paris Kuhn Loeb Bank of New York* Israel Moses Seif Banks of Italy Goldman, Sachs of New York Warburg Bank of Amsterdam Chase Manhattan Bank of New York
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        Sal
        When the Roads and Paths end, learn to guide yourself through the wilderness
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  • Profile picture of the author seasoned
    Frankly, Putin has done some things that make him look better than the average joe in a lot of ways.
    YKW has done a LOT of things, SINCE DAY ONE, that have made him look far worse.

    The image of the two side by side is incredibly striking.

    I doubt many in the US look at putin as uncouth. Even as far as manners, I bet putin can be as polite as the next guy. Good luck with YKW. If I were in putins place, even as I am now, I don't know what I would do. Changing things could have unpredictable results. One of these days, when I find a recent Russian immigrant, I am going to have to sit down with them, and learn exactly what the limits are. All I know is that they are there, and can be strict. And ALL socialist governments watch things closely.

    Steve
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  • Profile picture of the author TLTheLiberator
    Some people seem almost giddy at the prospect of the dollar losing reserve status with some big countries and the potential harm it may do to the U.S. economy.


    And...

    If China suddenly dumps the U.S. dollar they'll be cutting the throat of their own big investments in U.S. debt.
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  • Profile picture of the author gregdavidson727
    The world economy is getting ready to collapse. We're screwed.
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    • Profile picture of the author Kay King
      What's odd to me is I remember learning about the Bretton Woods Conference in history classes long ago. Of all the things I forgot...and I remember that one? Weird.
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