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E.Central MN | As the Chinese and Russian economies increased in size due to global trade, it was inevitable that they would do more trade in their own currencies directly. The reason is that there was less currency risk, until the Ukraine sanction deal and low oil prices. Yes the low ruble will make Russian goods cheaper, but it will also make the Russian producers poorer if they import goods. I don't think our govt leaders have the capability to think far enough down the road to attempt any of the conspiracy tactics you mention. They are pretty much totally consumed with giving flip answers to daily press briefings.
Edited by PeteMN 2/27/2015 10:28
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The Dollar: Credit to Paul Marks
