the_cliff
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- Sep 4, 2013
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Basically China's enormous growth in this economy (post 2008).What do you mean? This sentence is very unclear.
No country has had more growth in this economy.
Basically China's enormous growth in this economy (post 2008).What do you mean? This sentence is very unclear.
It's not a dramatic scenario, it's a preposterous one. China and most Opec states hold tens of billions in dollar assets and the US consumes c2.5, more oil than China and Russia combined.
Oil is also one asset of loads out there, unless gold, palladium, soy beans etc all switch to yuan.
First of all, China are less than happy about the current situation and they want it solved, peacefully, just the consequences for the global energy market is of annoyance to China as it means increased costs. Secondly, prior to all of this Ukraine was a bigger trade partner to China than Russia, and China depend on a well functioning global market. Tanking the global market, sure as shit isn't something they're keen on and there's nothing at all right now that suggests Russia is even going to compensate for the increased costs in the energy market.
That would’ve been so good! I hope that Anonymous are keeping track of it.
China won't show their true colors in the current situation and IMO will play double game. One of the biggest problem in China is energy as mentioned, and Russia can give them resource at discounted price, so naturally they will take this opportunity. They already concluded a new 30 years deal with Russia for the supply of natural gas and building a new infrastructure.
Russia/China can also negotiate a fix price it's not like they will be window shopping in this scenario..
This is not possible. The guy is a nutter and is overplaying his nukes card. Letting Putin save his face impliesletting him bomb the hell out of Ukraine, erase their national identity and install his puppet. Not happening. Every time his mouthpiece mentions nukes, more sanctions are being considered.
. What do you guys think he was after? Electronics store apparently. Batteries? Toaster? Cash?
Why would you need to rebuild your entire systems, CIPS follows the same ISO standards so the integration isn't that different. Obviously many legacy systems are a bit outdated in regards to currency but I've been involved in multi-currency and FX adaptations and it's certainly not even a fraction of that cost.
With doors that sturdy it's no surprise that they're struggling.This also shows that Kherson is still being contested given that the business the Russian guy appears to be fighting on Ushakova, which is one of the main drags in Kherson.
well yes I think everybody sees that ... the question is what do they do when that does not work
Do they climb down or not?
Seeing various differening reports of what's going on here so I wouldn't bother believing anything yet.
Some saying that there is a Ukranian missile boat patrolling off Odessa...
World Taekwondo federation has REVOKED Putin’s black belt.
Swapping out the institutional SWIFT kit for CIFS isn't really the problem, although that's in the £x millions alone. It's every other system expecting things in USD that would then come through in Yen. They'd need to figure out how to manage stuff on the general ledger before and after the switch and then everything that relies on the ledger, which is most things. All the treasury management stuff etc. And that's before you get into stuff like fraud systems.
Yes but China was obviously coming from an extremely low base compared to the US. It's clearly had huge growth, but not devoid of its own problems, eg the parlous state of its property sector, which is about a third of its economy.Basically China's enormous growth in this economy (post 2008).
No country has had more growth in this economy.