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The first step towards the end of an era...: 8/7/2014 15:54:47


myhandisonfire 
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This will mark the first step towards the end of US hegemony ...

http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html
The first step towards the end of an era...: 8/7/2014 15:58:46


Ⓖ. Ⓐrun 
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This will be moved to a different forum soon...


But very interesting! Not that it's surprising that Russia is looking away from the West but that the dollar has for once been undermined.
The first step towards the end of an era...: 8/7/2014 16:04:13


myhandisonfire 
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The USA escalates the conflict with Russia over their eastern NATO expansion in the Ukraine.
China feels also threatend by USAs shift towards the eastern hemisphere to contain China.
Its only natural that they will overcome their animosities and start cooperating more, as together they will stand stronger against the USA and its european lapdogs.
The first step towards the end of an era...: 8/7/2014 18:18:38


Timinator • apex 
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when reading the title i first thought of sth more wl-related :D
The first step towards the end of an era...: 8/7/2014 18:21:56


Phulesdorp
Level 28
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Well, there's always Mexico's big oil reserves...
The first step towards the end of an era...: 8/7/2014 18:24:48


Ska2D2 
Level 55
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Frack the world!
The first step towards the end of an era...: 8/7/2014 19:12:17


[WM] ᵀᴴᴱ𝓕𝓻𝓲𝓭𝓰𝓮 
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Timi - i guess you're not the only one.. but the issues of some are not that important to the whole community so it did not fit..
The first step towards the end of an era...: 8/7/2014 20:09:25


Ⓖ. Ⓐrun 
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From the title I assumed Myhand was continuing the Voodoo storyline or something.
The first step towards the end of an era...: 8/7/2014 23:28:41


professor dead piggy 
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I read the article and came no closer to understanding exactly what the change was. Which of the two countries currencies will they be pricing their deals in? Which is being set up as the new alternative reserve currency? What useless reporting, i hate 'the news' so much.

I can only assume its the ruble.
The first step towards the end of an era...: 8/8/2014 00:00:41


Ska2D2 
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They're not setting an alternative up, although the Chinese would love to make the Yen the worlds currency.

What they have done is come to an arrangement to accept each others currency in the $100 billion worth of trade they carry out with each other:

"Russia and China took a small step toward undercutting the domination of the U.S. dollar as the international reserve currency on Tuesday when Russia’s second biggest financial institution, VTB, signed a deal with the Bank of China to bypass the dollar and pay each other in domestic currencies.

Currently the dollar is pre-dominant in all countries foreign trade. This makes it the biggest currency in circulation and requires all countries to hold dollars in their reserves. Which in turn protects the value of the dollar - as everyone needs it, it is more resilient to price fluctuations and the entire world has a forced interest in not allowing it to fail. Which in turn makes it far easier for America to raise money on the international markets. Dollars are seen as a far more reliable investment than say Rubles, Won or Euros.
The first step towards the end of an era...: 8/8/2014 00:45:52


professor dead piggy 
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thanks for the reply. So when it comes time for prices to be decided on, how do they decide which currency to use? It seems trivial but when 100 billion is moving around then the currency chosen makes a difference, and both of them want their own to be used. Will they flip a coin? Taking the sentence you quoted literally then it seems that if the product being bought is russian then the chinese pay in rubles and if the product being bought is chinese they use yuan? What kinds of deals does this apply to and how is it enforced. If non govt controlled buyers want to be using dollars to pay then do they have that option?

Is it simply that when money is moved from the VTB to the bank of china or vice versa then that money is ruble/yuan? Wouldnt it have always been? Do all banks usually pay using dollars as default? Even when neither of them have customers who want dollars? is that what 'reserve currency' means?

Edited 8/8/2014 02:05:47
The first step towards the end of an era...: 8/8/2014 00:56:55


Vulpes
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Edited 8/9/2014 04:41:43
The first step towards the end of an era...: 8/8/2014 02:36:01

6th Army Group
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There's always those people doubting that China and Russia are allies, especially Americans. This article kind of makes the point that although China and Russia may not be as close in foreign relations as the US and UK, they definitely are allies under any conditions of U.S. aggression upon their interests.
The first step towards the end of an era...: 8/8/2014 03:19:42


Red Menace
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Russia and China are both in SCO.
The first step towards the end of an era...: 8/8/2014 07:08:11


☁WARLORD♥t(ಥ۾ಥt)SirℜicharD✠[WOLF]☁
Level 54
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As long as usa dont get nuke, im happy with change.
The first step towards the end of an era...: 8/29/2014 18:07:15

[UN] Choombi
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waaaait, are you putting USA as the bad guys? SERIOUSLY? fine, that country ain't perfect, the part where it funded anti-democratic coups in central America sucked....but that was like 40 years ago, and USA is unarguably a democratic country, albeit with a retarded election system(who cares only 48% of the population voted for me? I'm president! yay!), and yet, it's fair elections, not rigged or anything, and it's citizens are among the richest in the world.


let's see the other two options:
Russia, the home of enlightenment, pacifism, human rights, wealth of the middle and lower class.
except none of those, and the opposite of them, too.
homophobic, treats any defiance by killing people, unarguably a dictatorship that violates all sort of human rights, didn't have a fair election...eh...EVER, even before putin came along.
supports every goddamn dictator in the world, Asad, Qaddafi, Mubarak , every random african dictator(i.e, all of Africa minus south africa), all people who do a very good job runing the lives of their subordinates
GOOD JOB RUSSIA, YOU ARE SURELY BETTER THAN USA

China: supports Russia, 'nuff said

yeah, I'll stick with USA

although, if European union is going to try to take over the world, I'm all up for that, that'll be awesome
The first step towards the end of an era...: 8/29/2014 20:59:09


Genghis 
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... and China's communist! Also, vote is based on electoral system. Which is fk'd up system.
The first step towards the end of an era...: 8/29/2014 21:51:39


myhandisonfire 
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Choombi, again, the greatest enemy of knowledge is not ignorance, but the illusion of knowledge.

You have this illusion of knowledge in abundance. You have absolutely no clue of what is going on in the world.
The USA has in history supported more dictators than Russia and continues to do so. Get your facts right.

I could provide you with some lectures of Noam Chomsky again, but i am sure you wont even look at them.


I recommend "The war on democracy" a prize winning documentation by John Pilger instead.

https://www.youtube.com/watch?v=HuRTBoalIKs


Some recent examples of dictators, terrorist groups or autoritarian regimes supported by the USA in the middle east alone:

The Taliban, sponsored by the USA in order to defeat and kill Ahmed Shah Massoud a pro democratic force in Afghanistan.
Al Qaida groups (among them ISIS), sponsored by the USA in order to overthrow Assad in Syria.
The Saud family, ruthless dictatorship in Saudi Arabia.
The Egyptian military, sponsored by the USA to keep Egypt under US influence.
Reza Pahlavi, sponsored by the USA in order to overthrow the democraticly elected government of Iran.
Sadam Hussein, sponsored by the USA in order to control the oil of Iraq and wage a war against Iran.
The UAE, dictatorship.
Kuwait, dictatorship.
Bahrain, dictatorship.
Yemen, dictatorship.

And of course Israel, which is a matter of its own.

And again this is not a full list.
The first step towards the end of an era...: 8/30/2014 01:25:03


LustyTrucker 10:4
Level 47
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Frack the world!

hahaha
The first step towards the end of an era...: 8/30/2014 04:12:49


Master ARC 
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I had a much more wordy, arguably more centrist argument all written out, but then I realized, myhand, that you have not provided any example of any other worldly significant country, democracy or otherwise, that has any better foreign policy or economic procedures than the United States. The USA is certainly not the perfect country that so many ignorant Americans think it is, but there are certain choices that any global superpower must make that piss off some and are celebrated by others. I do, however, agree with your argument that the US has had dreadful foreign relations with the Middle Eastern countries since the 1950's and '60's. It's just so hard to overlook all of the things that the US actually doesn't do wrong.

I'd simply like to ask you to provide a couple of at least somewhat less biased media sources, because Pilger is two steps below Oliver Stone, and Chomsky makes the two of them look like goose-stepping fascists.
The first step towards the end of an era...: 8/30/2014 04:29:37


myhandisonfire 
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Chomsky is a bore, but he is the most brilliant political analyst this world has for the time being. He is always spot on in his analysis and he read more raw data then any of us will ever see in our lifetime.
If you believe that a superpower that only serves the plutocrats, topples democracies, kills and economically enslaves millions , is in your interest, its fine.

Maybe you are one of the lucky 1% that own half of the worlds wealth.

But for everyone else, thats not the way to go.

What you fail to see is that it is the USA that doesnt want the establishment of international institutions that could make a difference, such as the International Court of Justice.
You believe the USA is democracy? Its a plutocracy and if you havent realized that by now, you are as blind as the ignorant americans you claim you are different from.

Edited 8/30/2014 04:31:23
The first step towards the end of an era...: 8/30/2014 06:49:54

[UN] Choombi
Level 44
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Choombi, again, the greatest enemy of knowledge is not ignorance, but the illusion of knowledge.


why insult?


You have this illusion of knowledge in abundance. You have absolutely no clue of what is going on in the world.
The USA has in history supported more dictators than Russia and continues to do so. Get your facts right.


forgive me for believing mainstream media and Wikipedia.


I could provide you with some lectures of Noam Chomsky again, but i am sure you wont even look at them.


touche


I recommend "The war on democracy" a prize winning documentation by John Pilger instead.

https://www.youtube.com/watch?v=HuRTBoalIKs


come on, we have gone over that subject


Some recent examples of dictators, terrorist groups or authoritarian regimes supported by the USA in the middle east alone:


notice the word "supported", not "supports", who cares about what happened 20 years ago?


The Taliban, sponsored by the USA in order to defeat and kill Ahmed Shah Massoud a pro democratic force in Afghanistan.

when exactly? i remember that time when USA supported some terrorists in Afghanistan because they had some silly notion communism is inherently evil, NOWDAYS, they regret that so so so horribly, so they are forgiven


Al Qaida groups (among them ISIS), sponsored by the USA in order to overthrow Assad in Syria.

1.Assad SUCKS, he's a good definition of the cliche evil dictator(Qaddafi beats him though)
2.indirectly, they mainly support the Syrian liberation army, which the secular force in Syria, the fact that some of it goes to terrorists is the main reason they don't send 10x more support

The Saud family, ruthless dictatorship in Saudi Arabia.

fair enough

The Egyptian military, sponsored by the USA to keep Egypt under US influence.

didn't they ask the military to resign after the latest coup? it's not like the cheered or anything, yeah, they support them, but that is because if they don't, Russia will.

Reza Pahlavi, sponsored by the USA in order to overthrow the democraticly elected government of Iran.

that was 40 years ago(or more)!

Sadam Hussein, sponsored by the USA in order to control the oil of Iraq and wage a war against Iran.

you forgot the part when they declared war on him

The UAE, dictatorship.
Kuwait, dictatorship.
Bahrain, dictatorship.
Yemen, dictatorship.

fine, fine, fine, fine



And of course Israel, which is a matter of its own.

Israel, is of course inherent evil....[sigh] NO, NO NOT GETTING INTO THIS AGAIN.
And again this is not a full list.

you forgot Israel....and FRANCE


and Russia supports goddamn north Korea, which qualifies for "world's evilest country" by just about everyone's books, they also equally support about half of what you named up there, namely all the Arab dictators, and did i mention they are homophobic? this little issue needs to be addressed, god damn it
The first step towards the end of an era...: 8/30/2014 09:52:58

Pulsey
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For some strange reason I can't explain I get the feeling Choombi is American,
The first step towards the end of an era...: 8/30/2014 10:25:35


The National Socialist
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Pulsey, I get the feeling you're a disabled asian in a wheelchair with no life :p
The first step towards the end of an era...: 8/30/2014 10:49:14

Pulsey
Level 56
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Lawlz, I get the feeling you're a dumb fat american who has spent time in jail and is now spending what little money he has on drugs and getting suicidal thoughts because people on an online game don't like him.

:p

Edited 8/30/2014 10:51:03
The first step towards the end of an era...: 8/30/2014 11:04:58


The National Socialist
Level 54
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You don't deserve a response.

Edited 8/30/2014 11:09:30
The first step towards the end of an era...: 8/30/2014 11:10:13

Pulsey
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Thank for giving me one anyway.
The first step towards the end of an era...: 8/30/2014 14:54:09


Genghis 
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I get the feeling you're all 47% ers. #RomneyRyan2012
The first step towards the end of an era...: 8/30/2014 18:21:42


Master ARC 
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Choombi, thanks for making some senseible arguments, but I suggest you save your keystrokes, because I'm not going to waste my time responding to some paranoid who believes that the USA is country and culture dedicated to taking over the world and subduing all other people to their own needs. As I said, myhand, like it or not, the USA is the cornerstone of the world's economy, culture and innovation and the other nations of the world would implode if the USA were to be taken off the map.
The first step towards the end of an era...: 8/30/2014 19:47:11


myhandisonfire 
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A. The USA is not its people. The plutocracy in the USA does that, not the clueless idiots that vote for Pepsi or Coca Cola every 4 years.
B. The USA has been a cornerstone in the world's economy much due to direct and indirect inventerventionalism. Extortion ARC, extortion.
C. Culture and innovation in other nations of the world is thriving. Its not the 60s anymore. The USA is in decline, industrially , economically and culturally.


According to the globalinnovationindex report 2014, the USA might still be on the 6th place (innovation efficiency 57th) and China only ranking 29th (innovation efficiency 2nd), but if you look at education, you will find China at 1st place education overall. How long do you think it will take until it translates directly into innovation?

For comparison, in 2008 the USA ranked 1st overall and China was on rank 37.

http://www.globalinnovationindex.org/content.aspx?page=gii-full-report-2014
Posts 1 - 30 of 83   1  2  3  Next >>