tag:blogger.com,1999:blog-2761684730989137546.post2315204032598655465..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: US Sanctions Push Russia Closer to Abandoning the Dollar — Deputy FM Sergei Ryabkovmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-57277297339428495232017-07-30T10:28:19.974-04:002017-07-30T10:28:19.974-04:00I don't think it would replace normal use of t...I don't think it would replace normal use of the currency anymore than credit cards did. <br /><br />The first step in getting away from the dollar is circumventing SWIFT, which the US controls. They already have a workaround.<br /><br />The problem is firms borrowing in dollars because settlement is now mostly in USD. They want to preclude that.<br /><br />I don't think the public would notice the switch much. Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-50497724472015693952017-07-30T04:11:59.675-04:002017-07-30T04:11:59.675-04:00So? Doesn't relate to what I wrote.So? Doesn't relate to what I wrote.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-62767418616712033132017-07-30T04:05:56.426-04:002017-07-30T04:05:56.426-04:00I know.I know.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-30886168655315821762017-07-29T15:12:48.976-04:002017-07-29T15:12:48.976-04:00This is about central bank banking, payments syste...This is about central bank banking, payments systems and international settlement. Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-59180420390388618422017-07-29T15:02:46.146-04:002017-07-29T15:02:46.146-04:00Digital won't work if you mean something like ...Digital won't work if you mean something like Bitcoin. You need a device for that to happen, something that can survive the Siberian winter for example, or a week without access to battery charging (Do you know how wide that country is? Takes 10 days for the train to go from Moscow to Vladivostok). They need something tourists can use.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-61859192755926555212017-07-29T10:20:29.136-04:002017-07-29T10:20:29.136-04:00The zombies will freak out...The zombies will freak out...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com