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Originally Posted by woj
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Exactly.... couldn't have said it better.
Although I would add that this is accelerating the decline of the USD. It's a bigger long term negative for the position of USD as the global reserve currency at a time when the US needs Russia in the USD system more than ever.
Russia has multiple other options and other options are actually good - gold & the Chinese yuan. Its increased purchases on those multi-fold on month to month basis. BRICs bank, China-Russia deal etc etc etc..... all nails in the coffin of USD longer term.