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<p>[QUOTE=&quot;scottishmoney, post: 720752, member: 12789&quot;]What is going on in Russia&#039;s central bank is the same confusion and indecision that is going on in the Obama administration in the USA about what to do with Afghanistan.&nbsp; </p><p><br /></p><p>I can appreciate the quick profit taking scenario, but cooler heads may prevail and shoot for the long term.&nbsp; </p><p><br /></p><p>Russia as many countries, has a large trade surplus with the United States.&nbsp; Unlike days of old, the USA does buy a fair amount of energy from Russia in the form of LNG and some oil.&nbsp; But their trade with the USA pales in comparison to the trade surplus that China runs with the USA.&nbsp; Neither country really can afford to dump the dollar until they have enough reserves in other currencies and or PM&#039;s that they can shelter from the storm in lost revenues from exports.</p><p><br /></p><p>The downturn in the USA and the depreciation of the dollar makes goods from overseas more expensive, coupled with an economic downturn in the USA that predicates buying goods that are imported, it really does become a lose lose situation for the Chinese and Russians.&nbsp; They do not have many options available, other than harsh words like &quot;dumping dollars&quot;, without their appreciating that it really would hurt them in the offing - unless or until they are confident they can tide the resultant storm.[/QUOTE]</p><p><br /></p>

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