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China and Russia Complete Next Major Deal to End Dollar Domination

Business  (tags: dollar, china, russia, swap lines, currency, BRICS )

- 1801 days ago -
Russia and China complete new swap lines for direct currency trade, bypassing the dollar and setting up the BRICS for a new financial system.


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Roger G (148)
Sunday August 10, 2014, 10:14 am
noted, thanks

Kamia T (89)
Sunday August 10, 2014, 11:58 am
People should be very scared at the direction this is going. When the dollar is no longer used to translate currencies, runaway inflation, the inability to borrow and so much our the lifestyle we in the US have arrogantly come to expect will also go away. Can we spell $15 a gallon oil?

Jav R (0)
Sunday August 10, 2014, 9:17 pm
Gracias por publicar.

Birgit W (160)
Monday August 11, 2014, 2:47 pm
Good, I love it. We need a brand new currency.

Mary Donnelly (47)
Monday August 11, 2014, 3:44 pm

Eternal G (734)
Monday August 11, 2014, 6:29 pm
Well, what did you expect? A shift was about to happen, this accelerates it.

David F (39)
Monday August 11, 2014, 6:35 pm
This has been long expected. USA has printed money and thus effectively funded its their activites on credit.. Chickens have to come home to roost.

Nelson Baker (0)
Monday August 11, 2014, 7:40 pm
Noted. Thank you for the article.

Stevie A (10)
Tuesday August 12, 2014, 2:13 am
I was unable to view the article. I understand that if the world goes off of the dollar that we North Americans are going to have a very difficult time. Worse than Cuba had when we cut them off. The deck IS stacked in our favor right now. We certainly do live in interesting times.

Maria Teresa Schollhorn (42)
Tuesday August 12, 2014, 2:52 am
Noted. Thank you Kenneth for the article.

Parsifal S (96)
Tuesday August 12, 2014, 7:05 am

The USD as a leading currency is doomed.
Who has not made preparations for the time after the collapse of the entire system will experience the same ad the USD.

This is how in Russia the President is celebrated (Reuters)

Putting on Putin in Moscow

87 % of the Russians stand to their President.
(How is this in America ?)

Eleonora Oldani (37)
Tuesday August 12, 2014, 1:58 pm

Well - Russia and China better watch their backs. The last time someone tried to by-pass the mighty dollar went terribly wrong i.e. Libya (Ghadaffi) and Iraq (Saddam Hussein).

marie T (163)
Tuesday August 12, 2014, 4:13 pm
Lets hope Eleonora Both (Russian and Chinese) Leaders are dictators not respected but feared.

Hartson Doak (39)
Tuesday August 12, 2014, 5:52 pm
The greedy World bankers and Wall st almost destroyed the global economy. This is because the global economy is based on the US dollar. There is nothing to back it except the promise of the US government. Well we know how solid and sound the word of the US government is. This is why the rest of the world is moving away from the U S dollar. Now there are two ways this can go. With the US actively cooperating in the formation of a global currency with the same or smoother transition as the Euro. OR fight it the whole way with the nightmare scenario what has been feared.

Jonathan Harper (0)
Wednesday August 13, 2014, 5:02 am

Eleonora Oldani (37)
Thursday August 14, 2014, 4:21 pm
Marie TC - sorry I don't quite understand what you want to say.

"Let's hope" ... for what? That Russia and China manage to move away from the Dollar or that the US keeps holding on to it as THE lead currency and is going to crush Russia and China as it did Iraq and Libya? Which one is it?

Jason R (67)
Tuesday August 26, 2014, 4:16 pm
All while the republican congress are on a 5 week golfing vacation. Boener golfs about 211 times a year. We need them to get back to work. This is an emergency, right Kenneth?
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