Economy

truedelphi

(32,324 posts) Tue Sep 30, 2014, 03:59 PM Sep 2014

The newest war there in Syria had to start the moment Russia and China began to pay

For Iranian oil without utilizing the US dollar.

Discuss.

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The newest war there in Syria had to start the moment Russia and China began to pay (Original Post) truedelphi Sep 2014 OP

Pegging commodity prices to the dollar Deny and Shred Sep 2014 #1

Commodity prices are more related to the value of truedelphi Sep 2014 #2

Deny and Shred

(1,061 posts)

1. Pegging commodity prices to the dollar

Reply to truedelphi (Original post)

Tue Sep 30, 2014, 04:47 PM

Sep 2014

is a big factor in the stability of the currency. Seeing that continue would be very important to the sorts of people who are able to send the US into war. Those same folks wouldn't want an 'Eastern' trading bloc that exclude them.

All that said, I think what's happening in Syria and the Middle East has many moving parts, not just the denomination of oil trading.

Also, do you have any links to share on these non-dollar denominated oil trades?

truedelphi

(32,324 posts)

2. Commodity prices are more related to the value of

Reply to Deny and Shred (Reply #1)

Tue Sep 30, 2014, 05:59 PM

Sep 2014

Gold than to the value of the dollar.

The BRIC nations no longer need to see the dollar as being that relevant.

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