RE: Argue2 Aug 2020 13:58
Of course you couldve given those links yesterday I cannot understand anyone accepting a statement made by a commenter without it being backed.
..Katusa sounds desperate..that Kitco piece was 3 months ago.. a lot has happened in 3 months.. the Ffitch report is 4 months old.. The Outlook changes reflect the pressure on banks' financial profiles from the coronavirus outbreak, lower oil prices and the resulting economic downturn.''.
The coronavirus is not as serious in Russia as it is in the US..the oil price has bounced from nigh on $0 to $40..and economic downturn.. the US is in bigger trouble. The US trade decicit has turned down again and is over half a trillion dollars. Why will other nations continue accept US IOUs?
Goldman Sachs..just last week.. ''Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency.
With Congress closing in on another round of fiscal stimulus to shore up the pandemic-ravaged economy, and the Federal Reserve having already swelled its balance sheet by about $2.8 trillion this year, Goldman strategists cautioned that U.S. policy is triggering currency “debasement fears” that could end the dollar’s reign as the dominant force in global foreign-exchange markets.''
For Goldman to even hint at this... is a warning? and a worry because if the dollar is on its way out the death throes will cause big global disrupotion...from relyimng on the dollar. The Russians & Chinese have been de dollarising. I wonder if the Chinese who used to hold trillion+ in US debt have probably been dumping it for quite sometime!
Now as the election nears will Trump stop handing out cash to voters who can't work?
What does Russia need dollars for.. they are not buying anything from the US.. The gold that the Russian government buys is produced in Russia, backing up the currency!
As for Russian Banks if they are in trouble... thats up to their depositors & shareholders! I dont know what responsibility the Russian government has.
''..Russian strength comes from Russian propaganda..'' What Russian propaganda?
Or is this a continuence of Russian meddling in UK elections etc... none of which has been proven..
Maybe you can provide some proof of Russian meddling & propaganda!
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