THOUGHT FOR THE DAY!

"Imperialism today is taking place in the context of...the 'universalization' of capitalism. It is not now primarily a matter of territorial conquest or direct military or colonial control. It is not now a matter of capitalist powers invading non-capitalist powers in order to bleed them dry directly and by brute force. Now it is more a matter of ensuring that the forces of the capitalist market prevail in every corner of the world (even if this means marginalizing and impoverishing parts of it), and of manipulating those market forces to the advantage of the most powerful capitalist economies and the United States in particular." ... "Military force is still central to the imperialist project, in some ways more than ever."-- Political scientist Ellen Meiksins-Wood, Z magazine Nov 1999, p26

 

HAPPY 'KICK OUT THE GOVERNMENT' DAY!!!

 

PM Putin suggests Russia, China ditch dollar in trade deals

Russian Prime Minister Vladimir Putin proposed on Tuesday that Russia and China gradually switch over to national currency payments in bilateral trade, expected to total $50 billion in 2008.

"We should consider improving the payment system for bilateral trade, including by gradually adopting a broader use of national currencies," Putin told a bilateral economic forum.

He admitted the task would be tough, but said it was necessary amid the current problems with the dollar-based global economy.

Webmaster's Commentary: 

Considering the current state of the US dollar (backed by nothing more than a smile from the officials at the Federal Reserve), who can blame Putin for making such a suggestion?

Comments

Ditching the buck?

justice

That's what Saddam Hussein was rumored to be considering doing before the USA invaded Iraq.
He was said to be considering trading HIS OIL/GAS on the EURO,and moving away from the US BUCK!
All of a suuden he wasn't such a good lil' US puppet to the admin.
The US shouts,"that's OUR OIL/GAS and you WILL trade it on OUR DOLLAR!"

Considering the current state of the US dollar ...

chillyphantom

... (backed by nothing more than a smile from the officials at the Federal Reserve), who can blame Putin for making such a suggestion?

It's God's fault.

Check the back of you debt notes.

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