So....what does this mean?:
http://www.chinadaily.com.cn/china/2010 ... 599087.htm
China and Russia quit the dollar
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Coito ergo sum
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Re: China and Russia quit the dollar
A lot of international trade is conducted using the US Dollar as a common currency, even when the USA is not involved directly. I don't see anything untoward in this: They're just not going to use the US Dollar when trading between themselves. Makes sense to me.Coito ergo sum wrote:So....what does this mean?:
http://www.chinadaily.com.cn/china/2010 ... 599087.htm
God has no place within these walls, just like facts have no place within organized religion. - Superintendent Chalmers
It's not up to us to choose which laws we want to obey. If it were, I'd kill everyone who looked at me cock-eyed! - Rex Banner
The Bluebird of Happiness long absent from his life, Ned is visited by the Chicken of Depression. - Gary Larson
It's not up to us to choose which laws we want to obey. If it were, I'd kill everyone who looked at me cock-eyed! - Rex Banner
The Bluebird of Happiness long absent from his life, Ned is visited by the Chicken of Depression. - Gary Larson
Re: China and Russia quit the dollar
Exactly, Russia thrives on commodities export and all commodities trading is in USD, no alternative.klr wrote:A lot of international trade is conducted using the US Dollar as a common currency, even when the USA is not involved directly. I don't see anything untoward in this: They're just not going to use the US Dollar when trading between themselves. Makes sense to me.Coito ergo sum wrote:So....what does this mean?:
http://www.chinadaily.com.cn/china/2010 ... 599087.htm
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