USD$ Currency can be use as Toilet Paper Soon! Dumping Globally! Starting from all 1B1R! A better Trade War= Currency War!

[Ang4MohTrump]

https://www.rt.com/business/433143-russia-dumping-us-dollar/

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Russia speeds up dumping the dollar from economy
Published time: 15 Jul, 2018 07:09 Edited time: 15 Jul, 2018 07:35
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© Dado Ruvic / Reuters

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One of Russia’s largest banks, VTB is seeking to decrease the share of US dollar transactions at home as locals are choosing the Russian ruble over the greenback.
“There is one interesting thing I wanted to highlight. Since the beginning of this year, people seem to be less interested in making dollar deposits or taking out dollar loans, compared to ruble-denominated deposits and loans. We believe this to be an important step towards the de-dollarization of the Russian finance sector,” said VTB head Andrey Kostin at a Kremlin meeting with President Vladimir Putin.
Read more
Russia dumps half of its US Treasury bonds
According to Kostin, VTB experts have drafted a package of proposals designed to further promote the ruble in international settlements. “I think that we need to create our own financial tools. This would serve as an additional safeguard for the Russian financial sector against external shocks, and would give a new impetus to its development,” Kostin added. The financial tools Kostin mentioned are floating Eurobonds, shares and other derivatives that are now used only in the West.
Russia has been seeking the ways of decreasing the dependence on the US currency after Washington and its allies imposed sanctions against Moscow in 2014. In May, President Putin said Russia can no longer trust the US dollar-dominated financial system since America is imposing unilateral sanctions and violates World Trade Organization (WTO) rules. Putin added that the dollar monopoly is unsafe and dangerous for the global economy.
For more stories on economy & finance visit RT's business section

 

[Seee3]

To my knowledge, usd had risen from 1usd to 1.32 sgd, to now 1 usd to 1.37 sgd.

 

[oneMdeeBee]

arbitrarily and summarily deleted

 

[eatshitndie]

no big deal. russia has the biggest stash of counterfeit u.s. dollars. they are fake and worthless.

 

[virus]

to damage the us economy, it has to be a collective effort, dump the bond, cause one or more bank run on wall street, withdraw gold deposit from fort knox

 

[whoami]

US wont collapse lah. They can just kip printing green notes. Like wat happened years back...QE...

 

[Hitler_Bush]

US wont collapse lah. They can just kip printing green notes. Like wat happened years back...QE...

That is what they had been doing since Vietnam War and that is exactly why their currency will become Hell's Notes.

 

[Seee3]

It is sgd fallen.
sgd fallen against ringgit
in time need 4 sgd to 1 ringgit
and in time, when the fraud of PAP against Singapore revealed, you be lucky to get 1sgd to one thai baht

Not true, sgd to eruo, yen, aus ... has remain relatively unchanged

 

[virus]

US wont collapse lah. They can just kip printing green notes. Like wat happened years back...QE...

nope, to b a currency it takes more than just circulation, the market must be confidence of its value to b honor when traded. if u offer US$1 for a box of condom and the other will only sell you at $100, it means his confidence of that fiat is 1% of your deemed "value"

 

[hofmann]

Putin is broke and had to sell the tbills to fund the world cup.

Anyway Russia holds a mere peanut's worth of tbills in an ocean of cashews.

 

[Ang4MohTrump]

Putin is broke and had to sell the tbills to fund the world cup.

Anyway Russia holds a mere peanut's worth of tbills in an ocean of cashews.

Putin is overloaded with cash. He sold oil & gas in huge volume. Nuke fuel for power stations. Sukhoi many models globally. Submarines very lucrative also globally. Many missiles, big & small ones, tanks, RPG, Kalashnikov rifles, RPGs, S-400 S-300 & radar systems. Combat Helicopters. All lucrative like fuck.

Big customers includes China, India, Saudi, small customers countless, Malaysia, Indonesia, Vietnam, Turkey, Belarus, Kazakhstan, Myanmar, Algeria, Angola, Poland, Romania, Iran, Bulgaria, Armenia, Azerbaijan, Uzbekistan, Turkmenistan....

Even the Pentagon is also user of many Russian Jets & Transport Planes & Helicopters. Surprised?

http://nationalinterest.org/blog/th...hased-21-lethal-russian-mig-29-fighters-14486


December 2, 2015 Topic: Security Blog Brand: The Buzz Tags: RussiaRussian MilitaryMilitarydefenseforeign policyMig-29
Exposed: America Purchased 21 Lethal Russian Mig-29 Fighters

Why?

by Paul Iddon

When the Soviet Union collapsed in late 1991, the newly independent states within its former domain inherited enormous stockpiles of weapons the Red Army left behind.
One of the most interesting cases involved the air force of the tiny former Soviet republic of Moldova. The new republic’s inventory consisted of 34 MiG-29 Fulcrums, eight Mi-8 Hip helicopters and a handful of transport aircraft — a sizeable force for such a small state. To put Moldova’s size into perspective, the country’s population is smaller than the metro area of Portland, Oregon.

Moldova couldn’t afford to maintain the fleet and, to make matters worse, was in a deep recession. Meanwhile, the United States feared Moldova would sell the MiG-29s to Iran, which could use them to bolster its own fleet of Fulcrums. Washington was also wary that Moldova might pass the technology to Iran’s rivals since the fleet included 14 MiG-29C variants configured to deliver nuclear weapons.
(Recommended: 5 Turkish Weapons of War Russia Should Fear )
So in 1997, the United States deployed its most powerful tool to get the MiG-29s for itself. That tool … was money. Washington bought 21 of the MiG-29s — including 14 C models , one B model and six A models — and flew them in pieces on C-17 transport planes to Dayton, Ohio.

Not only was purchasing the jets a good way of ensuring they did not end up in Tehran’s hands, it gave Washington an opportunity to inspect one of the most sophisticated Soviet jets ever built. In exchange, Moldova received $40 million in humanitarian assistance, some army trucks and other non-lethal equipment.
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Moldova sold the rest of its air force to Eritrea and Yemen. The newly American MiG-29s would largely disappear into a maze of testing squadrons, intelligence centers and U.S. Air Force “ exploitation facilities ,” according to Air & Space Magazine .
The MiG-29 was a maneuverable, deadly aircraft for its time. Its Archer AA-11 missiles were sophisticated for the 1990s because of their ability to lock targets with a helmet-mounted cueing system at greater angles away from the jet’s nose than comparable American fighters. However, this advantage would collapse when the Pentagon introduced the AIM-9X missile in 2003 and associated helmet-mounted displays.
The Fulcrum further lacked the avionics and information management systems to tell the pilot what was going on outside the airplane, or where they were. A pilot literally had to look at paper maps to figure out their location. In general, the MiG-29 is a fine airplane engineering wise, but increasingly obsolete for aerial warfare in the 21st century without upgrades.
Incidentally, 1997 was the same year that another country outside the former Soviet bloc obtained MiG-29s. That country was Israel, which loaned three single-seat Fulcrums for a couple of weeks from an undisclosed Eastern European country.

Given that the MiG-29 was the most advanced jet fighter Russia ever gave to its Arab clients — Iraq and later Syria — the Israelis doubtlessly welcomed an opportunity to test and evaluate it themselves.
(Recommended: 5 Russian Weapons of War Turkey Should Fear )
Israeli pilots who tested out the aircraft were quite impressed . While different from the standard American-made jets they were accustomed to, they reported that the MiG-29 was easy to fly. Its computers for enabling landing if the pilot experienced difficulty were quite noteworthy.
This is due to the fact that this system “stabilizes the jet in case the pilot is affected by vertigo disease, and loses his orientation in space,” IAF Magazine noted. “Such systems do not exist in western aircraft, counting on the pilot to handle such situations independently.”
One test pilot concluded that the Fulcrum’s “abilities equals and sometimes even exceeds those of the F-15 and F-16 jets. The aircraft is highly maneuverable, and its engines provide higher weight to thrust ratio. Our pilots must be careful with this aircraft in air combat. Flown by a well trained professional, it is a worthy opponent.”
(Recommended: The F-23 - The Super Plane America Never Built )
Little wonder then why Washington seized the chance to assess these formidable fighters while simultaneously denying Tehran an opportunity to expand its own fleet. Today there are still MiG-29 operators all over the world — largely in Eastern Europe, the Middle East and South Asia.
Poland has some Fulcrums operating alongside their U.S.-made F-16 jets. Curiously, Israel signed a deal in August 2011 to refurbish, modernize and overhaul Poland’s MiG-29s. The source of Israel’s own Fulcrum lease is still unknown.
This piece first appeared in WarIsBoring here.
Image: Flickr/Creative Commons.



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[no_faith]

Keep printing note will depreciate value, slowly become banana notes.
Russia sold bonds not exchange for USD cash?