SCO - Yekaterinburg and the Dollar

This event, almost missing in Western media reporting, could be way more significant than meets the eye.

(http://en.rian.ru/business/20090616/155268544.html)

The questions are:
1. Is there an ACTUAL threat to dollar hegemony?
2. What would the implications for US economy be if the SCO introduces a new common currency and bypasses the dollar?

 

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More on this.

(http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6514737.ece)

Nothing to worry about eh?

 

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I dont see the point of having a new fiat currency based on a basket of several fiat currencies.

Why not just use the gold gram as the global standard of value and be done with it.

Bring the fantasy to an end.

 

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Exactly, Gold and Silver, the standard of History.

 

but Gold and Silver can't be manipulated by the very wealthy families living in the USA. THAT is a huge problem isn't it? I mean, we're so god damn chickenshit that when push came to shove Bush got shoved over. WE should have let the whole f*cking system collapse last year. This would have put SOME of the ultra mega wealthy families in the poor house which is EXACTLY why we invented this system. But nope. People were to scared to let it happen.

Sad too because when our forefathers were presented with a similar argument (not to be ruled by the Aristocrats Oh Heavens Mercy Me the World will End... we need the statuesque) they PUSHED back!


Sorry about the rant.

Yeah, I don't think it will make a damn bit of difference.