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Moon Dog
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Comments by "Moon Dog" (@mrjerzheel) on "USD BANNED in Russia--Putin's War Economy in Crisis?" video.
@andrewpaulmeno4819 Its not about how much oil US produces its about how much of the world oil will not be sold in dollars anymore, that reduces demand for $.
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@boink800 The story is the Saudis will also be selling oil in other currencies, not just the dollar
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World Bank just released a report and it has Russia 4th largest economy in the world measured on purchasing power parity.
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@jordancobb7553 3 days was talking head media nonsense
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The war is causing problems for the Russian economy but the World Bank report just released has them 4th largest economy in the world measured by purchasing power parity. That means it will take a lot to collapse their economy as some predict.
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US debt is out of control, in 10 years it will be 55 trillion. This will put the dollar in danger as countries will look to diversify. Already the Saudis are not renewing the petro dollar deal so they will be selling oil in a basket of currencies.
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US economy is bigger but China has a bigger manufacturing capacity
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Not exactly, the Saudis will continue to sell oil for dollars but they will also sell in other currencies too. Its not like they are stopping using dollars.
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Economies dont drop 10% over night, stock markets and currency can do that but they are different
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They have trillions in natural resources so sell so they will always have something
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Brics is still in the early stages it will need at least another 10 years to growth into something substantial
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