Quote:
Originally Posted by SZNY
It is public announced, both Russia and China dropped the USD.
What's next in the US, hyper inflation? Saw a documentary and that is kind of scary
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Sandro, look at the numbers first... All this buzz is more around the parties involved, that's it. The whole deal has very little impact on dollar because Russia and China don't do much bilateral trade. For example for China it's only 2% of its total trade with the world, for Russia - about 8%. So I'd say the whole deal will have more political impact rather than economic.
Plus, actually, now I'm thinking that the US even might be wanting this deal, because Federal Reserve System wanted to devalue USD a little while China needed to revalue yuan. This strategy was discussed by US and China a month or so ago. So literally the deal serves the needs of all 3 countries - USA, China and Russia. You never know the reality behind the facts shown in mass-media... So who knows...