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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

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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