Russia ready to abandon dollar in oil gas trade with China

BEIJING, October 14 (RIA Novosti) - Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.

The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis.

"Yesterday, energy companies, in particular Gazprom, raised the question of using the national currency. We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans," Putin said.

He stressed that "there should be a balance here."
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Financial crisis caused by too much or too little government debate

Debate on The Agenda of Steve Paikin on The Government Failure to prevent the economic collapse

Panel : Bill Fleckenstein
Sam Hayes
Louis Gagnon
Paul van Eeden
David Laidner
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Keynesian Vs Austrian Approach to the Recession and Ron Paul take on it Fox News

What is a Recession and how the Keynesian and The Austrian schools of economics try to solve it

Congressman Ron Paul gives his take on the bailout to rescue the collapsing global financial markets and gives a great lecture on the Austrian economics school of thought

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Judge Napolitano's Verdict on Obama's Financial Overhaul Plan

Judge Andrew Napolitano says Obama's financial overhaul plan, which gives the Federal Reserve even MORE unconstitutional authority, is madness. and that's his verdict ...and he asks who will regulate the Federal Reserve and what is the meaning of free in free market ? This private super secret bank , half of its board is appointed by the president ,is the most secret aspect in all of the government , think about it said judge Napolitano of Freedom Watch .the Job of the CIA is to steal and keep secrets but we know more about the CIA than we know about the FED continued Napolitano the FED is a private completely unregulated bank , and under the OBAMA proposal the FED will be able to regulate everything in your life including the amount of fat in the cheeseburger ...

Tim Geitner a comedian in Beijing !!!!!

Tim Geitner tells Chinese audience "Chinese financial assets are very safe", Chinese laughed at him

reuters.com - BEIJING, June 1 (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday reaffirmed his faith in a strong dollar and reassured the Chinese government that its huge holdings of dollar-denominated assets are safe.

"We believe in a strong dollar," Geithner said in a question-and-answer session after a speech to students at Peking University. [ID:nPEK144756]

A major goal of Geithner's maiden visit to China as Treasury secretary is to allay Beijing's concerns that Washington's mushrooming budget deficit and ultra-loose monetary policy will undermine both the dollar and U.S. bonds. China is the biggest foreign owner of U.S. Treasury bonds.

"Chinese financial assets are very safe," Geithner said. His response drew laughter from the audience....

The Banking system and Thomas Jefferson

I wanted to share with you this quote from Thomas Jefferson about the banking system and its dangers :
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

-Thomas Jefferson

The Collapse of The Dollar By Peter Schiff

The Dollar will collapse the Credit cards bubble is about to burst , buy Gold Buy Silver save your assets ...The dollar will drop like a stone ...Peter Schiff ...

Peter Schiff on the Collapse of The Dollar
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April 25, 2009 New York City, Audit the FED Rally Photos

April 25, 2009 New York City, Audit the FED Rally--Daniel Q. Wan's Photos