Skip Navigation

Old_Geezer

@ marathon @lemmy.ca

Posts

199
Comments

187
Joined

5 yr. ago

Retired, living in YYZ — BLM | Indigenous Rights | AntiGlobalist

Moderating

Imagery of War lemmy.ca

2y ago

Deleted

Russia Officially Becomes World's 4th Largest Economy, Passing Japan
Jump
1

Old_Geezer @lemmy.ca
2y ago
Never use Wikipedia for political/finanical news. It's not reliable. There is a reason school/universities don't allow it either.

2y ago

Russia Officially Becomes World's 4th Largest Economy, Passing Japan

Jump

Old_Geezer @lemmy.ca

2y ago

Whelp, best pour on more sanctions then.

Yes and invest in digital currency!

2y ago

Russia Officially Becomes World's 4th Largest Economy, Passing Japan

Jump

Old_Geezer @lemmy.ca

2y ago

I checked a few sources and I can’t find any “official” site claiming Russia to be 4th? I can see one saying 8th and I can see gdp per capita isn’t great

Read the story, you'll find his sources and methodology.

2y ago

Russia Officially Becomes World's 4th Largest Economy, Passing Japan

Jump

Old_Geezer @lemmy.ca

2y ago

How long do you think that will last with the US dollar no longer the reserve currency of the world? lol Saudia Arabia announced that they will no longer be using the USD as the petrodollar.

Saudi Arabia has recently decided not to renew its petrodollar deal with the US, which has significant implications for the global financial landscape. The petrodollar system, established in 1972, has been the cornerstone of global finance, with the US dollar serving as the dominant currency for international trade and oil transactions. The deal’s expiration on June 9, 2024, marks a watershed moment, allowing Saudi Arabia to sell oil and other goods in various currencies, including the Chinese RMB, Euros, Yen, and Yuan, rather than solely in US dollars.

This development is expected to benefit Bitcoin, as the US inflation rates could rise unprecedentedly, eroding the value of fiat currencies like the US dollar, prompting investors to explore alternative assets. The shift away from the petrodollar could also result in more US dollar creation to compensate for the loss of its global oil trade monopoly, potentially leading to inflation.

Saudi Arabia’s decision is part of a broader trend of countries shifting away from using the US currency in international commerce and oil transactions. The country’s participation in Project mBridge, a China-led central bank digital currency (CBDC) project, is another significant development, as it aims to simplify cross-border transactions with CBDCs and is compatible with the Ethereum Virtual Machine, implying wider integration of digital currencies into mainstream finance.

The implications of this shift are far-reaching, with potential consequences for global financial stability, trade, and the value of the US dollar. As countries like Saudi Arabia look for alternatives to the US dollar, including digital currencies like Bitcoin, the ramifications for crypto markets are significant. The end of the US-Saudi petrodollar deal marks a significant departure from the petrodollar system established in 1972, when the United States decoupled its currency from gold, and is expected to accelerate the global transition away from the US dollar.

2y ago

Russia Officially Becomes World's 4th Largest Economy, Passing Japan

Jump

Old_Geezer @lemmy.ca

2y ago

Long story short, don't believe the MSM narrative that sanctions are working. They've backfired and hurting the western economies more than ever. Especially Germany! Our current leadership in the West are fools, led by a demented old man who can't remember what he had for breakfast.

2y ago

Victoria Nuland: Ukraine Has "Biological Research Facilities," Worried Russia May Seize Them

Jump

Old_Geezer @lemmy.ca

2y ago

The reason the US/NATO do this is to circumvent the law in the USA or their countries. It's dual use biowarfare. The US also has a bioweapon lab in Georgia that was outed. This kind of research is despicable and anti-human. They're attempting to develop a toxin that will only affect Slavic human beings.

2y ago

Col. Doug Macgregor: Will Russia Open a New Front?

Jump

Old_Geezer @lemmy.ca

2y ago

Yup, I'm blocking you. Doxing is against the rules. And since I'm a senior it's Mr. to you. I didn't give you permission to use my name. All anyone does from the .world domain is troll, don't read the content, actually they have no desire to read the content. Yes, I'm a Russophile, I'm old enough to know that our government has changed, becoming more authoritarian and Russia has become quite Democratic, much more so than us. We're not in a democracy anymore. Russia is now the 4th largest economy in the world. That's an objective fact, regardless if you dislike it or not. Now, if you want to keep playing, I know people that will be able to dox you. You've been warned.I'm not the type that will run to an admin to complain.

2y ago

Col. Doug Macgregor: Will Russia Open a New Front?

Jump

Old_Geezer @lemmy.ca

2y ago

Again, my name is not Steven. Your comments had nothing to do with the post you were responding too. You show a neglect in answering objectively to the content. Since I was in the military for many years, I know NBCW material as we trained for that type of warfare. There was no way in hell that Skirpal was poisoned with a nerve agent. It only takes a miniscule drop of nerve agent to kill a person. So it couldn't have been smeared on his doorknob. It would have killed anyone afterwards as well. Anyway, that isn't what my post was about, so please stick to the subject going forward, or I'll be forced to ban you because of trolling. Understood? Good faith in commenting goes a long way. If you don't understand the subject matter, please don't even bother commenting.

2y ago

MAJOR: Russia Officially Becomes World's 4th Largest Economy, Passing Japan

Jump

Old_Geezer @lemmy.ca

2y ago

Moderator question

Jump

Old_Geezer @lemmy.ca

2y ago

Hey Shadow: Is the mechanism for donations, now active?

OK I'll check again at the end of June. Tanks.

2y ago

How should the Leafs spend $20 million in cap space this summer?

Jump

Old_Geezer @lemmy.ca

2y ago

No player over 4 or 5 mil would be a good start

Yup. I believe Dubas had highly overrated GM skills. Not any experience at the NHL level. It'll be interesting to see what damage he does to the Penguin organization.

Toronto Maple Leafs @lemmy.ca

Old_Geezer @lemmy.ca

2y ago

How should the Leafs spend $20 million in cap space this summer?

www.nytimes.com /athletic/5541740/2024/06/10/nhl-maple-leafs-salary-cap/

2y ago

Moderator question

Jump

Old_Geezer @lemmy.ca

2y ago

but probably not by the end of this month. Following for sure

Hey Shadow: Is the mechanism for donations, now active?

2y ago

MAJOR: Russia Officially Becomes World's 4th Largest Economy, Passing Japan

Jump

Old_Geezer @lemmy.ca

2y ago

Yup, sanctions are working ... /s

2y ago

Bellingcat Reports on Russian grain smuggling

Jump

Old_Geezer @lemmy.ca

2y ago

So you're not going to read the substance? Both media sources do journalism. This just shows me that you have a closed mind. Are you #NAFO? You're giving those vibs.

If you're not going to admit that the preponderance of evidence shows that they are indeed part of an influence operation by NATO, then you're being unnecessarily obstinate, and I'm done with you and consider this discussion closed. I've known about Elliott Higgins since the time he called himself 'Brown Moses'. He's as fake as a 3$ bill.