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A new economic system is coming to the world and that system will not be dominated by the West. Russian Security Council Deputy Chairman Dmitry Medvedev (former Russian president) said in an interview with Russian media yesterday.


High inflation rates weaken USD dominance for sure but are it really possible to replace USD as a reserve currency or the USA will allow that so easily? The era of regional currency is coming?

Well, it's not just that they want to. They have wanted to for a long time. I would say that they used to dream of taking the reserve currency status away from the dollar, but today it is a real possibility. Today in the medium term they can achieve it.

And in this case, the USA will not be able to do as with Saddam Hussein, who, when he said he was going to sell oil in euros, they killed him. But he didn't have atomic bombs.

If the USA try to do anything they did with Saddam Hussein it will lead to world war 3. In the current situation, Most of the USA allied countries abandoned the USA or we can say refused to cooperate with the USA against Russia. USA long term ally India bought Russian oil, Saudi Arabia, UAE refused to talk with USA and British president, EU countries refused to put full sanctions on Russia all the situation is against the USA.

USD is the backbone of the USA economy and the fuel to run USA military expenses all over the world. Fall of USD means fall of USA and I think they won't allow that so easily. If they failed to counter Russia and Chinese plans then they could go the extreme way.

Similarly, how US is dumping Ruble and Russian securities.  ::)

it will be difficult to shift America, which has long been a superpower in the global economic system,,,, but that does not mean it is impossible, the possibility that will shift America's position in the future is China, but it will also take decades to come

There is no new economy coming to the world than Russia will do businesses with the countries he called friendly countries, there is nothing more, some of the countries Russia called friendly countries are still making deals with US, UK and EU. Only that Russia will be seperated from doing business with US, UK and EU.

Confidence of Russia about reserve currencies may be fading, but Russia should still know that any fiat that is not roubles are all still reserve currencies called foreign reserves.

I do not really understand this question. If you mean 'can Russia replace USD with other foreign reserve? Yes, definitely. Or you mean can the world replace USD with other foreign reserves, yes, but that definitely not likely to happen.

USA can not stop any country to stop using its currency (USD) as foreign reserve, but this is totally invalid in reflection to Russia. For now, the possiblity for this to happen is very low.

It is key here to note how bitcoin is considered a trustless financial network. While traditional finance and economics revolve around trust based systems.

In a trust based design paradigm, the world's reserve currency, is simply the one people of the world trust the most. In the current era the US dollar was considered the most stable, reliable and trustworthy currency in the world. These specific circumstances led to it being adopted as the international reserve currency.

Over time, if the united states economy and its fundamentals shift to becoming less reliable, trust in the US dollar will erode as well. This can be reflected in numerous de-dollarization programs implemented by japan and china who have dumped holdings of US bonds.

While the US dollar is less trusted than it was at its peak, this does not mean that russia and china will take over. The international reserve currency is a precedent built on trust, stability and brand name recognition. I'm not certain that people of the world have much trust in either russia or china at the moment.

They've already done so. Russian reserves emptied out their USD holdings to the tune of hundreds of billions of dollars. Russia has also been conducting bilateral transactions with countries like China using their own currencies. It used to be that they would exchange using USD as an intermediary. Not anymore. U.S. played around with sanctions a bit too much and now they'll soon understand that USD is no longer the global reserve currency.

They can’t dictate every countries on which currency to use especially if other currency are rising, and if Russia and China aims to compete with USD, its better for US to be ready for this. Since we are seeing a big inflation with USD and other countries want to take the spot there’s a possibility that USD can be replace but this wont happen easily. I’m sure US Fed already working for this and we know US wont allow this as well to happen without trying to rise again, they can create problems in order for them to rise again and this has been the story since then.

There always has to be a world war every time there is a new world order but it will be the first that there won't be if things go smoothly. Chinese Yuan I think is their first choice but, they can't just expect the rest of the world particularly the West accepts this loss. Since Russia already tried only rubles for its products, all countries I guess will work that way unless they are comfortable using the reserve currency which could be more than just USD. BTC could be one of the reserves.

But we are yet no in this stage, there could still be war. The war to fight for USD dominance which Taiwan could be an option.

I think it is too hurry to conclude this. Russia is just trying to fix its economic crisis during the war. China and Russia are only 2 countries, while USA has many countries as their partners. There is no way to worry about the possibility of Russia to build a word order, they will be difficult to do it. What I know is that USA has the plan for a new world oreder.

I don't think Russia has the capability to build a new world order. It doesn't even have the capability of taking over Ukraine. The more Russia acts as the tough guy, the more it is isolating itself. The more it insists that it is powerful, the more it becomes like a hermit country.

It cannot build a new world order with China, but it could offer itself wholly for China's disposal. China is the one creating a new world order right now. It has grown into an untouchable country. Sooner or later, to remain relevant, Russia will have to play the role of a sidekick to China just like how Belarus is to Russia today.

This has long been discussed between Russia and China, for many years both Russia and China have sought to decouple from the US dollar and replace it with a new one. Russia and China are not alone in this currency war, India and Asian countries are ready to join the new payment system created by Russia and China.
Most recently, Saudi Arabia sold oil to China for renminbi payments which could see the dollar's hegemony more shaken than ever.

It's not only USA that is facing high inflation rates, Europe and Russia have the same problem. All around the world prices are going crazy this and last year already. Its mainly construction materials, food and energy prices than rose a lot in the last 12 months. That's why most currency face the inflation pressure. The war in Ukraine accelerated the need for a non USD based trade currency for Russia. Rubble might be one option but its very volatile right now. The Chinese yuan might be another option but I don't think Russia will accept that. For their energy payments they now require money to come in Ruble because they can't deal much with Euros or Dollars anymore, and its a good way to stabilise the own currency. Trade between Russia and China will not be in USD. Also yesterday Russian foreign minister was in India to make more biliateral trade without using USD. I don't think we will we see another currency to take over the world number one trading currency, but what we do see is a more biliateral trade between countries in their own currencies. The US Dollar will lose it's importance over time.

replacing it is very possible, but the US will not stand by and watch it happen. they would definitely do everything they could to prevent that, or their economy would be ruined. when they lose their influence, it will make western domination disappear. and one thing that may happen if western influence weakens, china and its allies will dominate. and the center of the world's economy will probably shift to that country.

Ukraine is not a small country so it would be a fantasy if someone thinks it can be taken within a week or month. What Russia is doing is according to their plan after seeing the overall situation. Many people think the Russian invasion of Ukraine failed because they failed to capture Kyiv yet but in my opinion kiyv was never the primary objective. It was a diversion and the main objective was to trap a large number of arm forces in eastern Ukraine which is considered the last line of defense.

How many EU countries put sanctions on Russia's energy sector? Even Asian countries like India and Pakistan keeping close relations with Russia. Saudi Arabia, UAE have done the same despite their close relations with the USA. I can see Russia has a more friendly country than before and USA and UK are isolating themselves.


I think china's primary objective is to oppose USD dominance by replacing it as a reserve currency so that the USA loses its "sanction power" over the world. We have seen it before if any country has done something against the USA they put sanction over them and other countries have to cooperate because of USD's being universal currency of trade. Replacing USD means replacing the USA as a superpower.

Russia can take Ukraine in a day but they are also not in a hurry for they don't want to spend all thier ammunition on this country that they consider peony. Remember that this Ukraine war is not the real war yet. They know any time, the US military can just barge in even when it's against the law. They have done it in the past in several countries, the news was that they are using old ammunition to fight Ukrainians. Seeing they have hypersonic missiles but used twice only afaik.

The fight now is economic too, so Russia is also not concentrating more on this war, after all, they have won skirmish attacks, thier country is not ruined, and its good for them. All they need is to grow thier economy in their own ways.

I do not think that Medvedev's words should be taken seriously. In Russia, officials are accustomed to embellish the situation and wishful thinking. Sanctions work and work very effectively. We are already seeing the first signs of this in the empty shelves in their stores, the exodus of foreign firms and capital, the shutdown of factories and enterprises operating on foreign components. In the context of the war with Ukraine, and despite the fact that about 40 percent of Russia's military equipment has already been destroyed, defense enterprises are being stopped. For a more complete picture of the effect of international sanctions adopted after Russia's attack on Ukraine, at least about a year is needed.
What new order can we talk about? Except that after the current shame in Ukraine, Russia will no longer be a superpower, but will be a pariah country. China is using Russia for its own interests and nothing more.

Many people leave in the same way and they also leave the war is much bigger than just a war between Russia and Ukraine the war is actually between the east and west because on the side of Russia there are countries like china supporting them and on the side, if Ukraine there is a country like the USA and in this war actually Russia is trying to fight with the western economic system and end the domination the USD the first move was doe just a hours ago where Russia ask all countries to pay for gas with rubbles.

We'll just have to wait and see if the plan becomes a reality. I think Russia and/or China could still encourage most of the countries in Asia to trade with them using Ruble and/or Yuan.

Yeah but they can use war as an excuse or use their influence and any other means to topple the current Government head, help install a new one, then make deals to bring back USD on top again.

At present, I see no prerequisites for a strong alliance between Russia and China. 

Russia fears China.  The Chinese economy is 16 times more powerful than the Russian economy.  China has 10 times the population.  The conflict between Russia and the Western world is very beneficial to China. 

At present, China's position is only getting stronger.  China probably will not help Russia bypass the sanctions, and even more so will not provide it with military-technical assistance.  As a result, the position of the Chinese yuan in the world will strengthen. 

As for the US dollar, its position as the world's reserve currency will weaken.  For example, the freezing and confiscation of Russia's gold and foreign exchange reserves is negative for the US dollar. 

Because the world's reserve currency should be out of politics (regardless of the catastrophic nature of the events).

I have been wondering what would be the next move that Russia would take after the sanctions  that was imposed on them by the USA.

Well, it has come to this, and I don’t think that the US would be able to do anything when it comes to the decisions that other countries would be making for themselves. If other countries decide that it is time for them to dump the US dollar and choose another currency as a reserve, then they can all do that and the US wouldn’t be able to stop them from making that decision.

And as I’m seeing it, there’s likely to be a lot of countries that are ready to take such action. Countries that have been threatened by the US before due to one reason or the other would be ready to dump the US dollar and move to another reserve currency if it happens.

The US does not like this discourse. and they will do everything in their power to prevent it with the help of their allies. if the west had no influence, it would be to their detriment plus they were experiencing fairly high inflation. there might be a crisis if that happened. For now Russia's move can be prevented, but if the war ends. it may be difficult to maintain the influence of the USD. just now Russia has started to take steps such as only accepting GAS payments using rubles. and on the other hand slowly but surely China began to spread its influence.

There is always a power shift at some point in time.  History can tell us about it.  It may not happen overnight but we can see its deterioration.  At the current event, we can see USA's influence over other countries getting weaker so depending on how the USA will solve it, and if they fail, we can possibly see another global power shift especially if China and Russia work overtime and convince countries that were abused and US ally countries that were used by the USA.


In an opportunist point of view this is a great idea but well, we don't know what will really happen and the USA is kinda worried that China might aid Russia so they send warning on China about helping Russia (https://www.aljazeera.com/news/2022/3/14/us-warns-china-against-coming-to-russia-aid-in-ukraine).

This event may possibly a turning point on the global power depends on how each involving country play their part on it.


Or possibly to keep both their ally and "enemy"  on check.

China and Russia can be a force to be reckoned with ...but China will risk getting sanctioned and they are very reliant on imports to feed their economy and their people.  ;)

The top imports of China are Crude Petroleum ($150B), Integrated Circuits ($144B), Iron Ore ($99B), Cars ($42B), and Soybeans ($37.4B), importing mostly from Japan ($133B), South Korea ($131B), United States ($122B), Germany ($106B), and Chinese Taipei ($104B).
Source : https://oec.world/en/profile/country/chn

They also import a lot of meat (Pork) https://www.statista.com/statistics/1007957/china-processed-food-import-value-by-type/  So it is important for them to have good relations with the countries that are supplying the most of their protein.  ;)

Right about that, the word knows for sure that America will not be ready to give up the power easily. They would also try as much as possible to make sure that they retain their status as the world’s superpower. And there is no doubt that they are seeing what is happening, and it’s clear that they already see China as an opposition, so they would fight as much as possible to make sure that their economy and everything keeps growing so that they stay on top.

I’ve seen some analysts who have predicted that by 2030 to 2050, that China would be the world’s superpower. But, one thing we also have to know is that these predictions are based on what we are seeing presently, but we can’t really tell what would happen in the future.

Super secret picture from the procreation of the new world order

https://talkimg.com/images/2023/06/12/A87T3.png
For full movie see zoohub

How many of those new world orders do we have to date, it was the Comecon, then BRICS, SCO...all going to dust if not to alright war between the members. China is applying the URSS technique, making Russia the enemy of the world so they can become their only partners, look how Russia was exploiting every single country in Africa and Latin America, not really helping them but making sure they cut all trading with the western world. The outcome? Complete poverty!

Wait till Pand humps Brown for real, the Qing never managed to conquer Siberia but Xi will.


Medvedev was the guy (youtube link)  claiming that Apple (https://youtu.be/JE2-n8Im8GA?t=382) is scared of the Russian Yota phone. Other officials talked about Marrusia beating Ferrari and Lamborghini, and that the EAEU will overcome the EU by 2020 in trade volume...


Of course comrade, you could do it in 1 hour, the only thing you need to do is drink a bottle of vodka, go to sleep, and dream about it, you've lost almost half of your stock of vehicles that actually work and you talk about conquering stuff. Keep that ammunition for shopping, vodka might be tough to get without a grenade.

In my opinion, China is not a country, China is a civilization.  Chinese civilization has existed for 5,000 years.  

The Chinese took the best from the USSR.  In particular, they use long-term five-year planning.  China never makes rash and spontaneous actions.  

I think that China does not want the US and the Western world to impose serious sanctions against it.  He is not ready to suffer because of the actions of Russia.

China needs advanced American technology.  

He can use Russia's problems to buy raw materials at a lower price.  Russia has no other alternative than to cooperate with China.  

China is also interested in long-term land leases in Siberia and Chinese expansion in Siberia and the Far East.

Of course they will do everything to prevent this from happening, no one wants to lose their throne. Russia and China are two major rivals of the US from military to economic. The US has made the mistake of taking wrong actions to push Russia and China closer and closer together. they will have to fight to prevent the rise of these two great powers.

Russia and China really need a long time to pivot the world economy in their favor, but they have been doing it.

And this Chinese civilization can be found in China, a country that has an area of 9.597 million km²  (https://www.google.com/search?q=china+size&sxsrf=APq-WBtlzalqIYT7F8fMj-3euNbLwL0nDw%3A1648906873819&source=hp&ei=eVJIYu3UL4mTr7wP8bCa0Aw&iflsig=AHkkrS4AAAAAYkhgiQMxLiS-206N-fdFjoJChc-m_wqh&ved=0ahUKEwit9erjwPX2AhWJyYsBHXGYBsoQ4dUDCAc&uact=5&oq=china+size&gs_lcp=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&sclient=gws-wiz) :P .


I agree they took things bit by bit, just like how they set up a man-made Island on the Scarborough shoal.


I also believe China is not willing to suffer because of the actions made by Russia and I bet they wanted to take profit from it instead.  All their action is to keep their "friendly" ties with both parties.

By the looks of it, they actually could pull something like this off. I mean china do needs energy I am sure, maybe not as much as Europe, but who would say no to more energy? And Russia needs money and who else has money like china? Which means that they possibly could. Look at the situation, Russia is sanctioned off from most of the rich nations in the world, sure there are some richer compared to low end, but the USA? the UK? France? Germany?

I mean these are HUGE nations and Russia just got sanctions off from them. Not to even consider all the assets that got frozen as well. What's the result? Russian economy had a small hiccup and then got back to where it was.

In my opinion, the situation in the Russian economy is very negative.  However, the trouble has not yet come. 

In addition to the sanctions by the states against Russia, sanctions were imposed by various foreign companies (there are more than 400 such companies).  The Russian economy is included in the global economy.  Therefore, the withdrawal of foreign companies from Russia destroys the Russian economy. 

For example, the Sapsan and Lastochka trains are trains created by the German company Siemens.  The German company Siemens completely stopped its financial and economic activities in the Russian Federation.  Therefore, when the Peregrine Falcons and Lastochkas start to break down, Russia will not have the spare parts, technology and specialists to fix them.  At the same time, Russia is a country with a huge territory, which has a great need for a well-functioning railway communication. 

This is just one example. 

It is even more catastrophic that companies engaged in transnational container transportation refused to cooperate with Russia.  In essence, this means exclusion from the world's supply chains.  This will stop imports to Russia not only of food and consumer goods, but also of factory equipment. 

This will lead to the shutdown of many plants and factories, as well as mass unemployment.

Not true. The US is the original planner of the new world order. They just want to stay out of what the US has been building.

Biden said this himself few days ago:

https://www.youtube.com/watch?v=8z5VtVARMag

"...and now is the time things are shifting there is gonna be a new world order and we've gotta lead it..."

This is a great April fool's joke, IMO. Russia wasn't a big economy before the war, and now it's only getting worse. Sanctions have affected Russian economy significantly, and you can look at ruble's value, at Russian YouTube videos about the prices in supermarkets, at the very least, to see how it's going. And sanctions aren't over, new packages are being prepared all the time. As for China, it's a strong economy, but it's heavily based on a difficult interdependence of China and Western countries. And the US already had a talk with China, reaching a level of understanding that China isn't to help Russia evade the sanctions if it doesn't want harsh consequences.
Also, China isn't a fan of brute force, not really. They prefer the economic and political wars with the West, not outright invading sovereign nations like Russia decided to do, and China is somewhat competing for influence with Russia in the region, so their interests aren't fully aligned. So this new order, thankfully, won't happen.

True, but they compensate economical weakness with military strength, which is abundant in Russia. That is the way to conquer new territories and develop economy.

Hopefully this can slow down Russia on long run, however nothing is certain yet, because the more precarious the local economy becomes, more threatening and desperate Russia will be to the world following the "kamikazi" style.

You are right, but it doesn't mean China can't become aggressive at some point. China has this stance towards the world mentioned by you because it's the most interesting and profitable thing to do for now. But if they glimpse there is a good chance to enslave another nations, just like they do with their own people, they are going for it, without any doubts.

Russia and China are united by tyrannical ties and will only turn against each other once the free countries are under their domain.

I hope this new order doesn't happen, although it's a fact the intention in achieving this exist.

The United States, Russia, and China emerged as superpowers when their power waned as a result of the infinite losses of Britain and France in World War II.  And from the very beginning, these three countries have been competing to outdo each other.

Despite the unilateral rule of the United States and Russia, China has made significant progress in trade, and as you says, "China is expected to become a superpower by 2030-2050." 
But, America is not going to give up so easily. He will never tolerate the rise of China. Now let's see what happens.

It might be your dream, but in reality it will end up a nightmare. Countries in Europe and places like America are definitely not perfect, but at least the people have a real ability to change the course of their future. Russia's economy, stunted as it is by such a hopeless form of authoritarian government, is always built on sand. China is much the same - everybody trying to climb the party ladder but the average person on the street having near zero influence. The reason countries like America prosper is it breeds creativity, people are not as scared of offending somebody with political power and there is much less corruption. Corruption can eat away at the very fabric of a society and it is prevalent in any authoritarian state. These countries might look powerful, but they have hollow hearts.

I am not 100% sure if the people in the west have that chance, there is a delusion that they can change it for sure but do they really have it? Like let's take "democracy" at hand in the USA, sure there is some, sure it is not dictatorship, I am not against that at all, you are right if that is the line we are drawing.

However, with just 2 parties, and most parties saying one thing different from the other but somehow everything ending up exactly the same is really a bit weird and doesn't feel that right to me. I am not there, so only an American should answer this, but I do not see any difference between trump and Biden when you look at what they do, instead of what they say.

I think all this country's political or world leaders didn't understand that their national fiat currency is weakened by high inflation not only the USD because the world is changing to cryptocurrency and only naive people won't understand that fiat currency is becoming obsolete every day.
Having said that, I wonder how a country could be so confident about creating a new world order system with the thought that it will thrive when the world economy is already scribbled and the last time i checked the sanction which they resume to be hellish what to prevent their President from making a further wrong decision.

They are preventing a decentralized system as much as possible and we know how China and Russia controls their people so they are now taking actions so they can still have control over it especially with their fiat currency or else if crypto will become legal, this can be a big threat from them. Inflations are everywhere, this is pretty normal what not normal is the rapid increase of this which makes many currency devaluate.

Inflation will always be a part of any economic system. But they can mitigate its impact on how they are addressing this aspect. And from our situation right now, pandemic crisis and now with the war crisis going on between Ukraine and Russia, the whole world is feeling its impact more than in the previous years. So it is up to the government how can they slow down or at least diminish the influence of inflation factor to their economy. They can deploy their own strategy as at the end of the day, it is the common people that are highly affected by this economic situation.

Does not make sense. If Russia and China wants to build a new world, then why only Russia is to building it with a help of weapons and is spending funds, while China stands by and will gain huge income from export? If the truly wanted to build a new world together, the would have started military actions against everyone. Add one army to another and destroy every enemy. Turn everyone to dust and build a world from scratch. Instead right now one is destroying, other is building.

I've heard of plans to create a new world order many times, but to make it a reality is of course very difficult, dependence on other countries is the reason that the new world order plan is very difficult to realize, and I'm sure the plan will not come true.

Let's be sincere mate, no government truly wants to support decentralization they supported it because they have no choice and only the El Salvador government seems to see crypto differently thats why they embrace it. Therefore, the new world order was not to prevent decentralization but to escape the US, and EU sanctions and to also make them suffer the consequences of their sanction towards Russia.

I am not sure why you think that is possible! Any people with little military knowledge will understand how difficult it is to occupy a country when the people of that country are hostile towards the invasion force or they have a military force. It's not about the ammunition I think Russia is testing its military capability in Ukraine but they failed to keep good order with logistics and support. They have one of the strongest airforces in the world with superior technology and they still use fighter jets from the soviet area. The same things have been seen with Tank and APC. I am not sure why they are doing this when they have the capability.

This is a relative way of saying things, but if we put everything in context that this is something real, both China and Russia do not want to accept the hegemony of the USA and its economy anymore, and that is what they want to change, and obviously China It is a very strategic country, it wants to be on good terms with everyone, but obviously it has a partiality and is not favorable to the Americans, China observes everything from a very privileged position, and they only think or see that if Russia goes well with its invasion, they can easily invade and take Taiwan, but this is something that nobody says, but they know.

China does not need Siberia, the Chinese prefer where the climate is warmer and milder. China needs Russia's natural resources, but they are not too keen on Russia itself. In a geopolitical sense, Russia and China are back-to-back to each other. This is a problem for Russia - not to lose its identity next to such densely populated and not prone to assimilation neighbors like India and China, but I think not too serious. Too harsh climate will again serve the Russians well.

Even though it takes decades, China now has great potential to shift US dominance.  i don't really like both ^{(China or the US)} but from a long-term development, we see China's dominance is growing, the US only relies on past strengths, this is what makes the US grow slowly and has the potential to slide China.

This should not surprise us, the current system benefits the US in a disproportionate manner so it is obvious other powerful countries may not like this and they are planning to change it, will they succeed? That is where things are not as clear, neither China or Russia can stop accepting US dollars, however they could begin to trade among each other using their own currencies, decreasing their dependence on the dollar while weakening it in the process, however such actions will not be enough and they know it, so it would be interesting to see what else they have in store to try to make such a goal a reality.

You do really got some point and we arent that blind on not to see those progressive kind of thing in between these powerful countries.If ever they would really be trying to cut off ties or being too dependent.

Just like on what others said if  this thing would really happen? Its not impossible but this is something that takes time and lots of different sectors and things would be mainly be affected in overall.

Far away from considering that another fiat will replace USD as reserve currency but the process seems started with this Russia and Ukraine war along with economic sanctions which actually pushed Russia to be in better position because they got natural resources and now demanding to pay the countries in Rubles if they want to purchase their oil and western countries are left with no choice now.

I really believe in the new world economy. This is very beneficial for China, I think they will promote it. Now gas is bought for Yuan, India also buys gas not for dollars, some European countries are ready to buy gas for rubles.  Everything is moving in this direction. It's very interesting what the end result will be!

I am residing in India, and I don't believe that the government here has the balls to offend the Americans in a big way. Although Indian oil companies are purchasing Russian oil and LNG at discounted rates, if the Americans threaten sanctions on them they will refrain from such purchases. With regards to China, they are in a stronger position when compared to India. But even they will rethink about purchases from Russia in case there is a threat of sanctions from the United States. It will be interesting to wait for another two months or so, when the contracts signed before the war are realized and the new ones need to be signed. 

This will make the dollar's dominance decrease, many countries have shifted transactions from the dollar and maybe this is one factor that makes the dollar experience inflation, of course with direct transactions they get the benefit of efficiency, and I'm sure this trend will happen in international trade.

i guess the US doesn't allow it to change the usd dominance. as before, many countries would choose the yuan as a world currency standard, but western countries certainly objected. and now because of the war and Russia is being cornered, so that it gets light from China, I think this is a harmonious collaboration considering that Russia has oil and gas fuel, while China, we know that they are advanced in the industrial sector, and many countries are dependent on these products. from china

This is something the Russians will benefit a lot from and the US feel threatened because should the USD be weakened, there's every tendency for the yuan to take dominance. President Biden feels that as China is providing for both their economic and military needs, it will be easy for Russia to still have enough control over the war.
 Another fear of the US will certainly be the fast rate of countries switching from the dollar to using other currencies, thereby causing inflation.

It is nothing new that China and Russia want to weaken the USD and change the world reserve currency. The only question is if Russia is fine to support Yuan as the new number one world currency? Because China would never settle for another currency as reserve currency that is not the Yuan. And what would Russia gain from all of this? Right now the world is trying to reduce trading with Russia and also dealing with Ruble, it doesn't seem very likely that the Ruble will surpass the Dollar as the world first reserve currency. As for the Yuan, China is a very export heavy country. All their economic growth is based on offering cheap products all around the world. They could ask to be paid only in Yuan in the future, but I am not sure how strong the bargaining power is. If the western countries collective say they will only pay in Dollars or Euros, I think that China still has to accept that. Maybe the picture will look different in 10-15 years, at the moment it seems that the US Dollar will remain as the worlds largest reserve currency.

As nations age, they will have to benefit their people. From a personal standpoint, theworld is always changing and when everything reaches its big enough threshold, the problems of division redefine the order of nations. From a personal point of view, the growing development of the eastern countries will balance it out. In response to the control from capitalist countries and the US, I personally find the invasion from the past to the present inevitable.

The Western nations are digging their own grave right now. Look at who is benefitting from the war. GCC nations such as Saudi Arabia and Qatar are benefitting enormously from the rising prices of oil and gas. China is benefitting because they are being able to mop up petroleum and mineral resources from Russia at a heavy discount. On the other hand, in countries such as the United States and Germany, citizens are reeling from inflation and ever rising utility bills. Once this war is over, both the NATO bloc and Russia will be left severely weakened. China will emerge as the new superpower.

With India, I don't know how will react if the US sanctions them, and China I think they are not afraid of any sanctions. They are Russia's closest ally and they are the most populous country in the world, they need cheap oil and gas from Russia. The US export sanctions under President Trump have dealt a heavy blow to China, but also left a heavy impact on the US economy. China is the biggest factory in the world and they have a very strong self-sustaining economy, any country against China will hurt themselves.

dollar domination soon or later will shifted to another currency, and current war be the moment for this. several countries , especially Russian friend agree to use Rubble as payment currency,. i am believe this war will not stop here, we will see another trade war between Russian alliance and also US alliance about world currency. interesting to see what will happen to CHina and India do after this, as we know they could not easily dictated by US.

India is in a different situation and will try its best to become neutral while not compromising their economy. India is having a special relationship even during USSR days and then later with Russia. But is also an enemy of China which is a very close ally to Russia. Also there's China backed Pakistan, another rival of India which is trying to become closer to Russia. And considering India's huge population and economy, they really need cheaper and discounted Russian gas. But India cannot just ignore the US and the west because when war happens it will face two huge fronts; in the west against Pakistan and China in the North.

You are right that Russia has good partnerships with India and China, and there are border disputes between India and China with regular flare-ups. I think Russia has enough authority and diplomatic wisdom to balance and mitigate the contradictions between India and China without making any particular preference for one or the other. This strategic alliance can become historically great, because there are now four active centers of power in the world (Russia, USA, India and China), and if three of them act in a coordinated manner, without prejudice to their own national interests, then the current model of a unipolar world, which imposes the United States on everyone, will cease to exist.

Let Europe not be offended that it is not on this list - its policy has long been no longer independent and is completely subordinate to the interests of the United States. There is a wonderful saying in India, I'm not sure that I can accurately translate it into English, but I'll try - a thousand years a city, a thousand years a forest. European civilization is fading, it has a rich history and cultural traditions, but it is not a center of power anymore.

the dollar seems to be no longer relevance as a standard world currency, where they seem to show the economic strength of their respective countries, and indeed there is nothing wrong with that, because this is a trade war, and again of course the usa will not remain silent, even though at this time i Seeing that China seems to be the mecca of the world economy, because there are many countries that need Chinese products that are able to compete with other countries, even products from each country itself.

A lot of people have predicted that the US Dollar will cease to be the trade currency of the world, for many decades. But even now, we can't deny the fact that the USD is being used for vast majority of the international trade and countries such as China and Japan are having the major share of their forex reserves denominated in the USD. It will take many decades of efforts from super-powers such as China to change this situation. And in terms of comparison, none of the other fiat currencies (including the CNY and EUR) are in a position to replace the USD.

China and Russia are 2 countries that have strong economic power at this time, although Europe's plan to impose sanctions on Russia due to the invasion of Ukraine but I'm sure this will not have any impact because they have a strong ally, namely China. the plan to create a new world order is certainly a good idea to make the global economic position more stable.

Anyone really believes that much in new world order? Do you think you guys are overreacting and creating a monster from Russia? Of course what they do now is wrong. For years no one noticed that Russia is so bad, but all of a sudden, in just one month they turned from attack on Ukraine into being most evil country that to wants rule entire world. If they are really that bad, why dont they destroy everything that is beyond Russian border, they do have that firepower after all, and build a new world ? Because it is easier to build new, instead of redoing or fixing others.

Roman empire, Mongol empire, Mughal empire, Nazi empire once dominate the soil of earth. But in time they fall new power came forward. New power means new order or we can say change of order. Losing war on Afghanistan and NATO refused to direct conflict with Russia shift the balance of power. World now shift to multi polar system when close ally of USA like pakistan, Saudi arabia even india refused to co operate with USA to put sanction on russia.

Power shifting can be happens if either one scenario is valid from these two:

1. Economical instability of current power house.
2. Infrastructural and Administrative destruction of that country.

USA economy already weaken due to record breaking inflation. On the other hand we have seen increasing number of gun violence recently. Also in last election how trump supporter entered Administrative buildings with guns also a concerning matters. At the same time the growing power of chinses military thoughts on the forehead of US administrative. Everything's shows USA dire situation.

In fact, it would be good if America and several major European countries had rivals from China and Russia in controlling the world. As you said
with China and Russia working together to create a new world order, will make the global economy more equitable. But of course if creating
a new world order through war I strongly disagree. There are many ways that Russia can do to deal with the domination of the United States
which is too powerful, not have to carry out the invasion of Ukraine which caused many civilians to become victims. So far, Russia and China
are close, this can be seen from the increased cooperation between the two countries in collaborating against the United States and western
countries,  especially in the economic sector. Many observers of world politics have told the media that China will support Russia diplomatically
and economically if Russia attacks Ukraine, although China will not provide military support to Russia. So it is not surprising that the United States
believes that Russia's actions against Ukraine are part of the establishment of the new world order with China.

Yes, after all Russia and China besides having strong economic power they are also big countries,
the two countries can be said to be able to stand alone without depending on other countries because they have a strong economy and sufficient resources,
this is interesting to discuss and let's see if the plan will materialize or not

it's close to being achieved through the China's BRI. when thie BRI will be completed from China, going to Kazakstan, Russia to Ukraine going to Africa and Germany, China will dominate every country in the region. China doesn't have to do war to invade a country, they just have to do business there delivering products from China to every station of the train they' build.

China does need the countries where they build this train so there is no need for war. if i were to choose who is to rule the world, none actually but it seems China is taking over every country. what can i say, i cry watching Jakie Chan's movie.

For having petro-dollar penetrating in economy will make them became more bigger as this will divide on what supposed to be natural things on economy. And I guess for inserting this the demand for US dollars will lessen since many countries will have an option to use Yuan if they want to get out in control of US upon buying oil in Russia. This is truly interesting and let see if they succeed since this will give huge effect on USA.

I disagree with you, because there are many countries who are more stronger than China and Russia in terms of economic power in the world. Many countries are not happy about what Russian is doing to Ukraine citizens but very soon Russian will realize what they have done to their economy, if they fail to embrace peace with Ukraine. It will be difficult for any country to create a new world because other countries will never allow such thing to happen to the world economy or to allow such thing to happen to our global economic because of crisis.

It’s funny they can both say whatever they want in regards to becoming the “new world order” but the fact if the matter is both have major economical issues themselves. As we’ve seen from this War major sanctions have been placed on Russia, hurting its economy is a big way. China themselves lie about the stability of their economy all the time. They have major issues with ghost cities. I don’t see this happening anytime soon.

And you tend to believe this? do you know that anyone can out boldly to the media and make a claim to suit his person taste or purpose without even considering the general opinion by people, but let me drop this, don't ever underestimate the ability of the western region when it comes to the economy at large.


If it were to be replaced, which currency do you think could best suit the space of USD? USDT? I don't see any currency to replace USD role to the economy except cryptocurrency which can only complement it for now. Russia cannot even work on such implementation for now because of the challenges its passing through and it looking for a way out through bitcoin, US is not the first country to experience inflation just that this time its having it hard.

A plan to create a new world order will be difficult to achieve if countries still need supplies from other countries, as we know that China is a country that needs oil and gas and they have to buy from other countries, a new world order is only effective if the country has very strong economic power strong.

This is currently happening. Could we imagine a few years ago what we see today? It is profitable for any country in the world to sell their goods for their own currency. This saves a lot of money and contributes to the development of the country as a whole. I think that in the near future, it is clear that there will be four major powers - the USA, China, Russia and India. The rest of the countries will have to join them and be under their protection. Each group will have its own system of monetary relations and the order of interaction between countries.

On the Russian Federation as an economically strong state, you can already put a big and bold cross. All Russia's imperial ambitions are slowly fading into the past, and this will become more and more noticeable over time. Putin and his entourage made a big strategic mistake by launching a military attack on Ukraine. Massive war crimes and the genocide of the Ukrainian people caused almost one-flock support for Ukraine by the world community. Russia has almost suffered a military defeat in Ukraine thanks to the help of weapons from countries that condemn such a large-scale aggression in the center of Europe.
In addition, sanctions, and especially the forthcoming embargo on energy resources from Russia, will throw this country almost back to the Middle Ages. China will not be Russia's partner. This country simply uses Russia for its own purposes and then abandons it, taking even larger territories of Russia, which it has long claimed.

Two countries alone can't make up a major trading bloc or come up with a new world order. Right now, only a handful of countries are on their side and these are mostly pariah states such as North Korea, Zimbabwe, Venezuela and Syria. Even traditional allies of Russia, such as Serbia and Bulgaria have now joined the NATO bloc. Fastest growing economies, such as Brazil, India, Indonesia and Nigeria remain opposed to the Russia-China alliance due to varying reasons (in case of India, as a result of the ongoing border dispute with China on Aksai Chin region).

However, they have already done so. China is a difficult ally because it puts its national interests above all else and cherishes plans for the leading role of the Middle Kingdom in the world. The Chinese do not assimilate with the locals, and when the Chinese come to any city, a Chinatown appears in the city. There are relatively few Chinese in Russia just because they don't like cold weather and prefer a warmer climate. Therefore, China's interests in Russia are predominantly resource-oriented. But since resources in Russia are in great abundance, relations between Russia and China are now mutually beneficial - therefore the alliance exists.

Muahahaha, look where the real nazis are.
So, you think Chinese people are some fire people from the fire nation in Avatar that don't like cold or disintegrate at dusk?
I've never heard anything so stupid in my life, what's next, you're going to tell me that there are no black men in Canada or Alaska, because black people turn to popsicles in winter?

Let me clear some things for you, you little racist Putin:
- Canada has 1.6 million people of Chinese origin
- Harbin is home to about 10 million Chinese citizens alone, that's 1/3, of the population of Siberia
- here is a graphic (https://weatherspark.com/compare/y/131055~23912~25077~142116~100524~143113/Comparison-of-the-Average-Weather-in-Beijing-New-York-City-Montr%C3%A9al-Harbin-Moscow-and-Vladivostok) on the temperatures in the above-mentioned cities and others
- as you can see there are 10 million people in that city alone and 30 million in the province that don't mind far colder weather than you have in Moscow or Vladivostok

https://talkimg.com/images/2023/06/12/A8rfj.png

Not a surprise you're not understanding while the whole world is shunning you when you come up with such nonsense.
Oh, btw, how come Russian people are living in Brazil or Israel, don't they melt?
Do Australians have to wear weights on their feet because if they leave the southern hemisphere they would be walking with their heads down?

Well time can only tell if those rumors about Russia and China endorsing a return to gold standard or something similar would come to fruition. What's sure is that Russia would definitely be the junior partner in this relationship if they ever push for it. They don't exactly have a strong economy to begin with.

I would have to say that you could never leave Europe out of this. They are not one nation but they do act as if they are one nation and they are already a super power and I do not think that we are going to see them start doing badly.

We will have Europe, the USA, China, Russia and India at the same time, we already have china and the USA as the world powers right now, Europe used to be considered as a world power but not so much right now after their sanctions to Russia did absolutely nothing and turns out they needed Russia more than Russia needed them. This gave Russia a new founded power and they will abuse this until there is nothing left to abuse.

I don't really agree with you, who say Russia doesn't have a strong enough economy. in times of war still raging like now, it has been seen that russia + china has become a strong (economic and war) power. China and Russia have almost the same basic nationalities and both don't like the US and they have a strong motivation to want to drop the dominance of the US dollar.

The thing with heavily centralized organizations is the can often appear strong, they may even be strong, during times of relative peace and prosperity. However they are often very inflexible societies built around certain hierarchies which often result in nepotism. There is less and less opportunity for the brightest people to move up the ranks, as they are sullied by corruption and bureaucracy that lays around the bottom level. Many people are afraid to speak out, which can stifle sensible ideas which advance the world, they just sit in the grind. However free societies are often much more dynamic and able to solve problems because people are less afraid of speaking the truth.

China account for around 1/5th of the global population, but in terms of surface area, they account for only around 1/16th of the global total. So naturally, the Chinese appetite for natural resources can't be solely met from within it's borders. In case of Russia, it is the reverse situation. The population is 1/10th of that of China, and the surface area is around 2x larger. So that makes these two countries natural trade partners. But as you said, the dominating attitude of the Chinese can create issues in the long term.

This is a good idea to create global competition, even many experts believe Russia china vs europe USA was the beginning of the cold war and then world war 3, but I hope many countries can refrain from war and always discuss to be able to resolve the problem, because if it happens war and tension is certainly more destruction and destruction of the world.

How I like it - how selflessly the supporters of the union of "great Russia" and "insidious China" are engaged in neuromasturbation, suggesting to themselves that China, for which Russia is a raw material appendage, and still the holder of China's historical territories, is more important than the developed West!
West - due to which, in fact, the Chinese economy lives!
In terms of shares, economic indicators show that China's profit from relations with Russia is a turnover commensurate, if not with an error, then in no way affecting trade with the West. One word looks comical, illogical, and stupid :)

Don't underestimate China. In the near future, the Chinese GDP will overtake that of the United States. China may be dependent on the West for exporting finished goods. But at the same time, can the West survive without imports from China? The same goes with Russia as well. Russia gets a lot of it's revenue from exports of oil, gas and metals to the West. But at the same time, can the West replace all these imports from Russia? Already the western citizens are reeling from sky high inflation and in many of the countries there are popular protests.

Russia's plan with China of course is an idea that can make the USA and Europe feel competitive, if this plan happens there will be a cold war like the early 80's so that war can happen at any time, of course I hope that Russia and China can learn from the past that made life became difficult and there was a long-term economic recession.

both are a good collaboration in my opinion. Western countries will find it difficult to find substitute sources of oil from Russia, while Russia can export to China and be made into finished materials, and finally exported to the rest of the world, from there both economies can develop well, one is a provider of fuel and the other has technology.

China will definitely take advantage of Russia's current military defeat in Ukraine. Therefore, relations between Russia and China can hardly be called allied. Russia will be greatly weakened economically and militarily due to aggression against Ukraine and international sanctions. China really does not have enough of its own territory, and there they claim to be part of Russian Siberia. Therefore, Russia will soon see for itself how to lose its territory. This will be in the coming years.

Perhaps it will overtake, or maybe not, or maybe internal processes will lead to the destruction of the economy, or maybe they will create an alliance with India, or maybe not, or maybe ... The essence of the discussion is that some have decided, it seems for self-hypnosis, that Russia and China - friends and partners. But the reality is that Russia is only an appendage, raw materials and territorial! China buys Russian resources for a penny, and forces Russia to sell any resources at a price that is beneficial to China!
Oh yes, Russia is still an "errand boy" for China in big politics, where Russia makes idiotic moves, and China calmly reaps the benefits for itself. At the same time, in response, Russia demands almost nothing from China, well, except for talking frankly about Western politics. So China has never led and will not lead it like that :)

Russia is more an exporter of fuel and raw resources. How many Russian companies can you think right of the bat? And what's with "same basic nationalities". That statement don't make sense.

It is not just about GDP, it is about how you make that kind of money. China is the manufacturer of the world, whereas USA has the things people want to buy. China did created a bit of their own items that they create as well, they are not like just purely manufacturing items for others anymore, they are creating other stuff as well for themselves.

However, it is still mainly a manufacturer nation, so if we move all of that from China to India, then India would be rich, if we move it to Pakistan then Pakistan would be rich, if we move it to Iceland then Iceland will be rich. It is never really about china, it is about wherever people think they will get the cheapest manufacturing. Hence it is not a permanent richness for China.

Russia SAYS it wants to build a new world order with China but lets look at the facts instead of cheap words of politicians, shall we?

Russia's economy is artifically being propped up by its gold reserves and whatever precious few countries which are not abiding by sanction laws. This is why the ruble rebounded. But it won't last long, as it is a temporary fix.

China's economy is completely reliant on the west's purchasing power. If the west were to sanction China and it's over 1.4 Billion people then China would transform into India really fast. And they know this. China is greedy and opportunistic beyond human measure. They are definitely just waiting to take advantage over a weakened Russia.

So, a new world order would be an extremely painful process for both countries. And I very much doubt China is ready to sacrifice itself and it's current cozy economic situation over Russia's hopes and dreams.

False.

russia would rise even more greater than bbefore due indeed the sanctions doesn't seem to be ramp up pressure on putin collectively. they are just fine and even planning something that might the west get a real surprise, just to get out of the non sense treat on teh, the sanctions won't work as it takes effect on the russian elite , not the middle or lower individuals , the G20 summit are the kickoff.

If international sanctions could weaken Russia, from the start Russia would not dare to invade Ukraine. Because a country as big as Russia
with an experienced leader like Putin, will not be afraid of sanctions imposed on them. I believe Russia did everything with careful planning,
after all, Russia has been hit with sanctions before. So the Russians have already prepared the steps they will take to achieve their goals,
and China, which has a fairly close relationship with Russia, will help Russia. Even though I don't like war, but I am quite amazed
by the courage of Russia against America and the west. I don't know what Russia and China are planning, but these two countries really
don't like American and western domination, especially in the economic sector. So it could be what Russia and China are trying to do to create
a new world order.

Actually, it's easy to say china will be economically collapsed if the west put sanctions on them. But I highly doubt this will ever happen because of some key attributes china holds from the rest of the world.

1. They have humungous manpower with cheap labor costs. Money giant western companies have their factories in china which are irreplaceable. West can not provide the manpower with the same labor cost.

2. Suitable land for building infrastructure.

There is a reason why the 'dragon of Asia" is called the world's factory. If the west tried to put sanctions on china it will damage them more.

Their business is largely made with the west but doesn't forget they have a strong presence in others region's markets too.

A lot of countries especially US adversaries are uncomfortable with US dollar being the reserve currency. Russia and China are the prominent ones.
 It is worth noting that US sanctions have time and again damaged their economy. However the hegemony of US was literally unchallenged till US wielded control over world energy resources and supply lines in middle east(Oil is the most important commodity traded in USD). However in recent past things have changed. Russia and China have developed alternative energy supplies, and now they are moving into next phase of challenging US hegemony, by creating alternative currencies. God know what lies ahead, but yes it seems US is not going to let this happen easily, so there will be more conflicts in future.

Please tell us about "alternative sources"? Are you talking about "cold nuclear fusion" by any chance? :) I have been reading about this for 30 years already. And I will disappoint you - it will take another 15-20 years before the introduction as a mass technology. Yes, and Russia has nothing to do with it :) The technologically backward under-empire uses the developments of the USSR, which were built on the technological base and knowledge of the second half of the 20th century. The fact that propaganda throws, there, of course, Russia is ahead of the whole planet :) But still, let's get back to reality and to the topic - tell us, with numbers, technologies and real examples of implementation, about Chinese / Russian REAL ALTERNATIVE energy sources?

I think Russia, China and a host of other countries are tired of the dominance of the USA and will do anything and support any one just to ensure that they are dethroned. However, it's not going to be an easy fight because the USA wouldn't sit back without a fight.

Although many seem to have a magic ball to predict the new order based on the literal destruction of the United States, not only from the economic point of view, eh!

What is sought then is the rearrangement of a new "beyond" or simply changing the protagonists.

Of course this is a good idea to make a new world order with China, this will balance the strength of the USA and Europe so that it can make the world balance, but on the other hand it will create another cold war like the one that happened and be the beginning of the next world war.

For a long time I have been seeing that there is a great conspiracy or what you call the famous hegemony of the dollar and the USA over the whole world, it is known that both Russia, China, and other powerful countries want to have their own much greater boom that hegemony itself, and I think everything starts from there, a coalition between Russians, Chinese, Syrians, the Middle East and a small part of the West can be seen and formed as great powers to have their own rise, this is something that can see each other and in fact each country wants to be an empire, since the beginning of time this has existed, I think that this thought is the one that still persists in the human being, for me that is the fact of active wars.

Well, let's get it all, now let's take it seriously, shall we?
1. The identity of the applicant is Dmitry Medvedev. You know that they consider him, well, it’s kind of softer ... Palace fool :) This is a very amorphous body, which at all meetings either sleeps or sticks into your iPhone :)
2. Now, the sanctions "did not affect the Russian economy so much" that a significant part of economic indicators, and financial ones, were simply forbidden to publish public data. And this was done with a simple goal - so that the more or less thinking population (yes, there are such people in Russia, but there are few!), They don’t see that the economy has gone into a steep peak, and that measures need to be taken, for example, to withdraw their assets to normal countries , which will further increase the peak.
3. The US has a green paper typewriter. Papers - for which Russia jumps on its hind legs, selling all its resources for this simple paper. And the US doesn't give a damn about the multi-trillion domestic debt, and everything else. In any case, they will print the most desirable product for everyone - DOLLAR! And the global economy will swallow any amount of paper. And China and others, allegedly friends of Russia, are also not idiots, and they will have to deal with toxic Russia, which has only resources and rubles that no one needs, will use Russia precisely as a raw material appendage. And keep economic ties with the West and the dollar, because you can get everything for a dollar, but nothing for a ruble!

And why not beads instead of paper, at least they are shiny? ;D

I recommend this interview (https://youtu.be/5msN6_y3Oz0), although it is in French, it is very informative. Eight centuries of the domination of European civilization down the drain - because of the global loss of confidence in the debt obligations of the West. Bring gold if you don't want to pay in rubles. Green paper does not inspire anyone else in Russia.

Beads instead of paper will not work - the USA makes exactly papers for which the whole world is ready to dance on its hind legs :)
Regarding "green paper does not inspire anyone in Russia" - well, no need to fantasize :) Note - the same Russian elites, all Russian jingoistic patriots, the entire political elite of the Kremlin, do they keep their savings in rubles? No, they are not idiots, they store in dollars and euros - is it true or am I making it up? :)

Concerning "To bear Russia's gold"? And who is she to set any conditions? It is very likely that soon Russia will sell gas and oil for food. Silently and bowing :)

Thanks for the link! I listened (I learned French at school and institute, finally it came in handy :)). I will say this - this is just one of many opinions, and in a sense with manipulations.

Back to gold - not a perfect solution. One question - how to check how much real gold backing a currency has? For example, what is the real backing of the ruble with gold? :)
In a word - forward to natural exchange! 100% security! 100% trust ! 100% stability and no cheating! :)

The idea of making a new world order with China is of course because Russia hopes to compensate for the power of USA and Europe, I am sure that many countries will be divided into 2 so as to make tension and become the beginning of the Third World War.

I don't think Russia will build a "New World Order" with China simply because there are other powerful countries that won't allow it to happen. Russia and China alone can't beat the US or EU countries (even though they're classified as superpowers). What they can only do is minimize the US Dollar's influence worldwide by steering away from it as much as possible. Forcing people to conduct business in their native currency instead of the USD is the first step in this. Right now the US is still the dominating force in the world, so I don't think it will lose its supremacy anytime soon.

For what I know, sanctions have completely destroyed the Russian economy with no point of recovery. Not even China can fix the situation. As long as Russia is in a tight situation, its ambitions to conquer the world with its allies will be futile. I'm fine with that as long as democracy wins in the long run. Just my opinion :)

Are you seriously? The West imposed a bunch of sanctions, froze all accounts in dollars, euros, pounds and Swiss francs that it could reach, arrested yachts, real estate, etc - and after that you still think that people with money and power in Russia have not completely lost interest in green paper? Well, I don't even know.


To health. If the house stands on the foundation of trust and trust is undermined, the house collapses. At least in real life it happens, in fantasy you can continue to think that everything is fine.

Some kind of two-level scheme was announced there today, but I have not yet understood the essence.

With China, Russia has already tested the system of mutual settlements and has completely switched to national currencies in mutual trade.

The trouble with authoritarian government, which has been shown many times throughout history, is that they are built on so many lies driven by fear of repercussions, that the people at the top rarely see a realistic picture. In such governmental systems, independent thought is dangerous and frowned upon, but that ultimately leaves you inside a society which stagnates and cannot adapt to new conditions as well as a society based on freedom. It's blatantly obvious to see it every day in the world - How Europe, North America and similar countries got rich because they foster innovation. Compared to much bigger population countries which are mired in corruption and abuse from the top down.

Obviously, they do keep their money in USD, why would they keep it in Ruble. You may think that these people would love their nation because they are earning so much money in there, but on contrary they hate their nation. Even if they lie to themselves and say that they love it, they could not possibly love Russia because they are screwing the nation as a whole and making money illegally by making the illegal turn into legal by bribing officials.

This is why the biggest Russia haters in the world are the Russian oligarchs. Not USA, not UK, not Europe, nobody could hurt the regular Russian citizen as much as the Russian oligarch. This is why I believe that we would probably not see them keep it in ruble neither.

stop stop stop :)
We are talking about how "real patriots" loved their homeland and saved up dollars and euros in the "decaying west" all their lives :) So it was? It was ! So they never believed in a piece of paper called the ruble, and considered these candy wrappers to be the money of the local population in Russia. And for normal people - dollars in Western banks! It is a fact.
After the sanctions, tell me - do they, the "real patriots of Russia", now save everything in rubles, buy cars - VAZ, and dress in "Bolshevichka" brand clothes, or do they still buy Mercedes and dress in Western brands? :)

They may have tried something with China - but I will suggest TODAY to google news on the topic of China-Russia relations, believe me, you will find a lot of new, interesting things! :)

I think, It can be placed in a plan of both Russia and China to overthrow powerism, imposition and economic interests are not motivated by the value of the dollar, in other words they want to win.  Victory over the dollar's monopoly, the sign of the Ukraine crisis is a link to that ambition.  Russia wants to create military adventures to assert itself not only as a superpower. China's ambition to replace the US as the world's number one.  Those goals of theirs can kick off in a tunnel.

Moreover, I'll tell you - the greatest destruction in Russia was not made by the "treacherous capitalists", neither the United States, nor Britain, nor anyone other than Putin and his gang of kleptomaniac criminals! Corruption has penetrated into all corners of life, everything is stolen, lies are everywhere. "Second Army in the World", "Great Economy", "Self-Sufficient Country" - these are all fakes that replaced reality, pouring lies on TV viewers 24x7! But all these fakes burst with a loud sound already in March 2022 after the start of the terrorist war against Ukraine!

And now, if you follow the news from Russia, the search for "guilty" has begun there :)