Mai 2014 China and Russia will sign an agreement in which the dollar..

Jump to Last Post 1-2 of 2 discussions (4 posts)
  1. maxoxam41 profile image64
    maxoxam41posted 9 years ago

    . won't be the currency for their transactions. It reminds me of Saddam Hussein's intention to eliminate the dollar from his oil-based transactions. We all know what followed. Is it the end of our currency as an international one? Will it be the beginning of the expected, predicted collapse of our currency, of our economy?

    1. wilderness profile image96
      wildernessposted 9 years agoin reply to this

      Unlikely.  I don't think Britain and France trade in dollars either.  Or Sweden and Germany.  Lots of international trade does not happen in dollars.

    2. Kathryn L Hill profile image78
      Kathryn L Hillposted 9 years agoin reply to this

      Well, what do you know about that?  I wonder if we are being prodded to use the internet for bill paying. (I feel like we are.) Especially for paying our mortgage payments.   What if over time and pressure from the companies themselves... (or whoever is influencing the companies…) we are forced to use only the internet to pay our bills? How easy would it be for China and Russia to just take our country by means of access to all of our accounts on our PCs. Our lives are better or worse due to the computer. I'm wondering if in the end, it is the latter? I actually heard about ten years ago, that if you don't own your house, it will be prey for China. So, we better just keep using the mail… and my advice: whatever you do, pay off your house and have the deed in your possession.
      Or I'm just being paranoid for no reason.

  2. CHRIS57 profile image60
    CHRIS57posted 9 years ago

    Whenever my company does business with China, currency is Euro. With Russia also in Euro. Only for the US it is USD and it is a big fuss about exchange rate fixing and securing. The USD is simply too weak to maintain stability towards the Euro.
    Concerning the agreement between China and Russia - what is the big deal? Russia is economically too weak to have too much impact on world trade.
    The only serious role the USD holds today is in international transportation, by water or air. Freight rates, transport means (ships, aircraft) and fuel are valued in USD. Only if this changes, there is real trouble ahead.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)