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Bye bye Dollars

Started by Sheepy, July 29, 2020, 11:32:46 PM

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johnofgwent

Bye Bye Benjaminn (!!!)
<t>In matters of taxation, Lord Clyde\'s summing up in the 1929 case Inland Revenue v Ayrshire Pullman Services is worth a glance.</t>

Sheepy

Quote from: Nick on July 29, 2020, 11:42:55 PM
Quote from: Sheepy on July 29, 2020, 11:32:46 PM
https://www.rt.com/russia/496570-russia-china-dedollarisation-process/

What they are trying to do is de-MasterCard, Visa, Amex etc them selves. If they can produce a worldly accepted credit card / debit that is not controlled through western banks, therefore not the dollar, sanctions will be totally ineffective.

At the moment, the second the world blocks Russian cards the garks are penniless.
Movement away from the dollar can also be seen in Russia's trade with other parts of the world, such as the European Union. Since 2016, trade between Moscow and the bloc has been mainly in Euros, with its current share sitting at 46 percent. Which says I was right and Vlad told us years ago what he was at, nice play on words in the headline, I know who that was aimed at.
Just because I don't say anything, it doesn't mean I haven't noticed!

Nick

Quote from: Sheepy on July 29, 2020, 11:32:46 PM
https://www.rt.com/russia/496570-russia-china-dedollarisation-process/

What they are trying to do is de-MasterCard, Visa, Amex etc them selves. If they can produce a worldly accepted credit card / debit that is not controlled through western banks, therefore not the dollar, sanctions will be totally ineffective.

At the moment, the second the world blocks Russian cards the garks are penniless.
I can explain it to you, but I can't understand it for you.

Sheepy

Just because I don't say anything, it doesn't mean I haven't noticed!