[mattduke]

$this->bbcode_second_pass_quote('', '"')The one reserve currency has become a danger to the world economy: that is now obvious to everybody," he said in a speech at the World Economic Forum.

It is the first time that a Russian leader has set foot in the sanctum sanctorum of global capitalism at Davos.

Mr Putin said the leading powers should ensure an "irreversible" move towards a system of multiple reserve currencies, questioning the "reliability" of the US dollar as a safe store of value. "The pride of Wall Street investment banks don't exist any more," he said.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('mattduke', '')$this->bbcode_second_pass_quote('', 'M')r Putin said the leading powers should ensure an "irreversible" move towards a system of multiple reserve currencies, questioning the "reliability" of the US dollar as a safe store of value. "The pride of Wall Street investment banks don't exist any more," he said.

[crude_intentions]

The problem is not the Dollar the problem(s) are the Central Bank(s) that are at the heart of any currency. Central Banks are drug lords and the Economies they control are addicts; long term functioning addicts. 'With the unfortunate fact being that the America just hit skid row'.
Putin is right for the short term, but the world needs to learn to just trade heroin for crack will not solve any problems.

[idiom]

You might trade Dollars for cocaine. It currently backs several national currencies.

Its almost as good as Oil.

[jasonraymondson]

$this->bbcode_second_pass_quote('idiom', 'Y')ou might trade Dollars for cocaine. It currently backs several national currencies.

Its almost as good as Oil.

[nobodypanic]

he's right! switching to the ruble will solve everything.

[uNkNowN ElEmEnt]

If they had a couple different reserve currencies it would force the Americans to be more fiscally responsible not having the reserve (read: blank cheque) currency to back their outrageous consuption habits.

[EnergyUnlimited]

It is a sad truth, that we are all heading towards Zimbabwe-like currencies.

Btw. They are abandonig it right now.
http://news.bbc.co.uk/2/hi/africa/7859033.stm

So what about currency-free trade?

[mattduke]

$this->bbcode_second_pass_quote('EnergyUnlimited', 'I')t is a sad truth, that we are all heading towards Zimbabwe-like currencies.

Btw. They are abandonig it right now.
http://news.bbc.co.uk/2/hi/africa/7859033.stm

So what about currency-free trade?

[Nickel]

$this->bbcode_second_pass_quote('EnergyUnlimited', 'I')t is a sad truth, that we are all heading towards Zimbabwe-like currencies.

Btw. They are abandonig it right now.
http://news.bbc.co.uk/2/hi/africa/7859033.stm

So what about currency-free trade?

[uNkNowN ElEmEnt]

Does anyone think the US situation will get so bad taht teaechers will stop teaching and kids will stay home to work or waht ever? Does anyone think that would happen in the UK and elsewhere? does anyone remember what happened during the Great Depression?

[deMolay]

Apparently he has had to send troops to put down tax revolts. http://www.moneyweek.com/news-and-chart ... 14589.aspx

[idiom]

Pssh. Those Russians should learn from America and shut up and pay their taxes like good socialists.

[essex]

Take a look at this.
http://www.wimp.com/thegovernment

[nobodypanic]

$this->bbcode_second_pass_quote('essex', 'T')ake a look at this.
http://www.wimp.com/thegovernment

[deMolay]

I think he will be scrambling to save his own ass. But a lot of what he says is true and somewhat telling of the rapid descent of Globalism and all its systems of slavery. http://www.24hgold.com/english/news-gol ... rect=False

[simplelife]

$this->bbcode_second_pass_quote('deMolay', 'I') think he will be scrambling to save his own ass. But a lot of what he says is true and somewhat telling of the rapid descent of Globalism and all its systems of slavery. http://www.24hgold.com/english/news-gol ... rect=False

[lawnchair]

When Nixon functionally defaulted on the dollar, other countries certainly didn't have to keep taking them any more. Why did they?

Good cop, bad cop.

Europe, Japan, et al, could prop up the US, a bloated overconsuming monster, or try and hold their own against the creeping power of the Soviets. Supporting the US constant indebtedness was expensive, but they'd still rather be punked bitches of the cool cowboys in blue jeans than bitches of the Soviets.

A lot of the world would rather prop up the US as their backstop, rather than end up paying tribute to Putin or China.

Of course, we threw away a lot of that "well, they're bastards, but comparatively nice bastards" goodwill in the last eight years.

But, still. You're not going to see countries (voluntarily) idealizing a Russia of mobsters, restored KGB, and infrastructure at the point of total collapse.

[deMolay]

Another country with mega US Obama Funny Money doing some money laundering. China is buying up Raw Strategic Resource and Russia manufacturing. Goodbye GM hello Troika. http://www.theglobeandmail.com/report-o ... le1206067/