Russia Proposes Strategy to Halt US Aggression...

[Musburger]

...by forming coalitions to drop dollar.

http://www.zerohedge.com/news/2014-06-18/putin-advisor-proposes-anti-dollar-alliance-halt-us-foreign-aggression

Interesting read from Russian perspective.

 

[Seattle Husker]

LOL! Outside of a few despots, everyone is invested in the US debt. Why would they want to try to devalue the dollar and hurt their own pocketbooks?

 

[Musburger]

Where there are disputes and conflicts, the US is able to influence the results because of military power and the ability to generate unlimited funds. This is possible due to the dollar as reserve currency. There are dozens of nations that would like to get out from under Washington's thumb. It would take sacrifice, but there comes a point in time where these countries will make that sacrifice. It's already begun.

 

[dillohorn]

I thought Obama was going to make everyone love us.

 

[Hu_Fan]

General government gross debt
(not the same as total external debt: public and private)

USA
17.558 Trillion debt
104.52 % GDP

Russia
284 Billion debt
13.4 % GDP

China
2.056 Trillion debt
22.4 % GDP

Some data on foreign ownership of US debt (useconomy.about.com)
1. China, $1.147 Trillion
2. Japan, $1.108 Trillion
3. Caribbean Banking Centers, $291 B
4. Oil Exporting Countries, $257 B
5. Brazil, $254 B

 

[nashhorn]

For some reason Hu that does not make me feel better, if that was