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Thread: The World is Changing, But Do the Americans Recognise It ?

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    The World is Changing, But Do the Americans Recognise It ?

    " Last week in Saint Petersburg, Russia, one of the most important economic forums of recent times was held. It was the Saint Petersburg International Economic Forum (SPIEF). Although attended, in person or electronically, by representatives of more than 170 countries across the world, it barely attracted a mention in the western mainstream media. The forum provided the opportunity for a major discussion of what might fairly be described is the new economic order: the shift of economic emphasis from the West, where it has prevailed for the past 200 years at least, to the East. There are many symptoms of this fundamental shift in the world’s economic focus. An obvious one is the steady decline of the United States dollar as the medium for international trade. This was discussed at one of the forums of the conference where IMF managing director Kristalina Georgieva, Russian central bank Governor Elvira Nebiullina and Russian minister of finance Anton Siluanov shared a forum."............"
    Siluanov announced that in May of this year for the first time, less than 50% of Russia’s exports were nominated in United States dollars. Siluanov announced that Russia intended to totally abandon the United States dollar in the Russian wealth fund. This was part of a major restructuring of the Russian foreign exchange system. The role of the British pound was also to be reduced (which won’t endear the Russians to the British). The role of the Euro and Chinese Yuan would also be increased, with the status of gold and the Japanese yen remaining stable. These changes may be seen as preparation for heday, which many now see as imminent, when Russia is excluded from the world financial system. A further topic of discussion at SPIEF was the increasing role of the Chinese in Eurasia’s economy. A combination of Chinese technical capability and Russia’s massive energy resources will provide the foundation of an Eurasian market that will progressively diminish the West’s hitherto dominant role. One of the principal factors driving the change is decades of United States abuse of the power they retained as the source of the world’s main trading currency. When the use of that power turned to abuse, as has been manifestly obvious for the past several decades, it inevitably produces a reaction. The Russian and Chinese led abandoning of the dollar is the obvious outcome of the growing disenchantment with decades of United States abuse of its position." ..........https://journal-neo.org/2021/06/07/t...-recognise-it/

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    ...we talked about this...

    Quit posting one huge block of text people will have trouble reading.

    There is an ENTER key and a SPACEBAR on your keyboard for a reason.
    When it is not allowed to be questioned, it is not science, it is PROPAGANDA

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    Quote Originally Posted by PJL View Post
    " Last week in Saint Petersburg, Russia, one of the most important economic forums of recent times was held. It was the Saint Petersburg International Economic Forum (SPIEF). Although attended, in person or electronically, by representatives of more than 170 countries across the world, it barely attracted a mention in the western mainstream media. The forum provided the opportunity for a major discussion of what might fairly be described is the new economic order: the shift of economic emphasis from the West, where it has prevailed for the past 200 years at least, to the East. There are many symptoms of this fundamental shift in the world’s economic focus. An obvious one is the steady decline of the United States dollar as the medium for international trade. This was discussed at one of the forums of the conference where IMF managing director Kristalina Georgieva, Russian central bank Governor Elvira Nebiullina and Russian minister of finance Anton Siluanov shared a forum."............"
    Siluanov announced that in May of this year for the first time, less than 50% of Russia’s exports were nominated in United States dollars. Siluanov announced that Russia intended to totally abandon the United States dollar in the Russian wealth fund. This was part of a major restructuring of the Russian foreign exchange system. The role of the British pound was also to be reduced (which won’t endear the Russians to the British). The role of the Euro and Chinese Yuan would also be increased, with the status of gold and the Japanese yen remaining stable. These changes may be seen as preparation for heday, which many now see as imminent, when Russia is excluded from the world financial system. A further topic of discussion at SPIEF was the increasing role of the Chinese in Eurasia’s economy. A combination of Chinese technical capability and Russia’s massive energy resources will provide the foundation of an Eurasian market that will progressively diminish the West’s hitherto dominant role. One of the principal factors driving the change is decades of United States abuse of the power they retained as the source of the world’s main trading currency. When the use of that power turned to abuse, as has been manifestly obvious for the past several decades, it inevitably produces a reaction. The Russian and Chinese led abandoning of the dollar is the obvious outcome of the growing disenchantment with decades of United States abuse of its position." ..........https://journal-neo.org/2021/06/07/t...-recognise-it/
    Russia and China's close alliance was fueled by Obama's and the EU's mistakes in the region and there's no guarantee Biden's advisors aren't on the same track. Our sanctions have almost no effect because Russia's Debt to GDP ratio is so low--they're in decent financial shape.

    That said, the US and the EU are still in pretty good shape.
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

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    More Russian government propaganda….
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    I guess CSTO is okey dokey right @PJL ??

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    Quote Originally Posted by hanger4 View Post
    I guess CSTO is okey dokey right @PJL ??
    What ?

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    Quote Originally Posted by FindersKeepers View Post
    Russia and China's close alliance was fueled by Obama's and the EU's mistakes in the region and there's no guarantee Biden's advisors aren't on the same track. Our sanctions have almost no effect because Russia's Debt to GDP ratio is so low--they're in decent financial shape.

    That said, the US and the EU are still in pretty good shape.
    I think the allience between Russia and China is more a result of the ongoing military threats to both countries over so many years , regardless of who was president . Trump didn't make any difference ......probably made it worse with his costly Chinese trade war and sanctions .
    Last edited by PJL; 06-08-2021 at 06:12 AM.

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    Quote Originally Posted by PJL View Post
    What ?
    Collective Security Treaty Organization

    Educate yourself.

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    Quote Originally Posted by PJL View Post
    I think the allience between Russia and China is more a result of the ongoing military threats to both countries over so many years , regardless of who was president . Trump didn't make any difference ......probably made it worse with his costly Chinese trade war and sanctions .

    Trump was able to ease some of the tensions between Russia and the US that Obama ginned up when he funded the ouster of a Ukrainian president, which led to the secession of the Crimea and its people voting to join Russia.

    With Biden at the helm, we have to consider that the old Obama-era foreign policy agenda will return.
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

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    Quote Originally Posted by FindersKeepers View Post
    Trump was able to ease some of the tensions between Russia and the US that Obama ginned up when he funded the ouster of a Ukrainian president, which led to the secession of the Crimea and its people voting to join Russia.

    With Biden at the helm, we have to consider that the old Obama-era foreign policy agenda will return.
    What Trump did was what he always does.....just talk a lot about things that he doesn't ever get around to actually doing....(lol)

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