Will China and Russia diversify dollar?

Russia and China have been among the most vocal advocates for a new global reserve currency to replace the U.S. dollar.
RT discussed the issue with Dr. Gerard Lyons, Chief Economist and Group Head of Global Research at Standard Chartered Bank in London.

Category:

News & Politics

Tags:

• China
• Putin
• Russia
• economy
• Beijing
• Wen Jiabao
• Hu Jintao
• billions
• dollar
• ruble
• yuan
• demise
• drop
• reserve currency
• Gerard Lyons
• Путин
• Китай
• газ
• сделка

[TheLiddlekiddle]

DONT SWITCH TO THE EURO !! It is the same as the dollar, just controlled by a different group of New World Order bankers.

[mokdadmm]

Since your on youtube, watch ''loose change'' the documentary, record all the data and statistics made by university professeurs, revieve them, then come back and talk.

I don't like to talk to brainwashed people who talk from their asses and so simple that believe a statement without solid facts because it was told to them by AIPAC.

[52111centrumcz]

@Elitepoosniff

and what we do make we make at pretty much a world competitive products, a little on the cheaper side but good in terms of price/usable value.

[52111centrumcz]

@Elitepoosniff

I am not watering down England, read again what I wrote. I said most of your trade is with Europe and the way the integrated economy works means you will go up if Eurozone goes up and go down if Eurozone goes down. And yes, our economy is completely tanked thanks to Western banks buying up our companies in 1990s and shutting down all production, which led to near collapse of our economy in 1998.

As for what we make: components for nuke reactors, cars, locomotives etc..

[Elitepoosniff]

@52111centrumcz Ha i can`t believe you are trying to down grade the UK when you come from one of the poorest nations in Europe, your from the Czech Republic right, your military is tiny and so is your defence budget, what does the Czech Republic do for the world or creat? fuck all. the Euro is not keeping the pound, we have Oil deals with Russia, new trading with China, something even the US can`t do these days.

[52111centrumcz]

@snookerloopy88

More like I am wary of the fraud that will be perpetrated by inflation by its emitters. So I dislike it, just not any more strongly than any other plant.

[52111centrumcz]

@Elitepoosniff

The pound sterling and the future of Britian lies with the EU block - the Euro countries are your biggest trading partner. Whence the Euro goes, the Pound will go.

And I see the brits trying to get competitive in gene engineering, but other than that you have only your military industry and rolls royce industrial that makes quality turbine engines.

[Elitepoosniff]

@52111centrumcz You mean the pound sterling, and no, its not the same as the Euro, and Britain is trying to get its self out of bigger trouble, when we have see debt we can create jobs and other things will come out of Britain other than fighter jets, naval ships and military tech.

[52111centrumcz]

@Elitepoosniff

The british pound is the same as the Euro - a currency backed by nothing from a country that has no resources and is non-competitive in anything but weapon manufacture.

[Elitepoosniff]

@k0rea12 if i had 2 - 3 k i went to the US i would have around 7k if i went to Europe then i would get like 13 k

[k0rea12]

@Elitepoosniff REALLY? how much is british pounds vs EURO. ? i wanna know