Quote from: Beerwizzard on May 19, 2018, 06:50:56 PM

Quote from: stompix on May 19, 2018, 05:46:18 PM

Which led to nowhere...
RMBs share as a world payments currency, 2012-February 2018:

1.5% of the world payments is still a good number. Ofc they are far from taking the leadership (and they probably won't) but anyway

It's a good number if it would have been growing from 1%, unfortunately from them is going down from 2.5%

Quote from: Beerwizzard on May 19, 2018, 06:50:56 PM

Quote from: stompix on May 19, 2018, 05:46:18 PM

Yeah, Russia getting oil from Iran is one hell of a move...

By the way they are thinking about using cryptocurrencies to avoid sanctions. link
But in this case a new crypto that they issue (they probably won't use the already established ones) may turn up with another cancerous thing to the whole crypto market and even make more people think that cryptos are used for shady activities.
Anyway imho I don't think that something else (crypto or fiat) will overtake USD.

You missed the main reason why I was laughing at that thought.
Russia buying OIL from Iran sounds like Greenland importing ice.

Besides that, how do they avoid sanctions with crypto? What is the difference between using crypto and fiat?
Nobody is stopping the Russian government to pay rubles to the Iran government.
Sanctions don't work like that.

Quote from: kajin on May 19, 2018, 06:35:02 PM

No one has the timeline for sure. Calls for doomsday have been made since the 2008 financial crisis. But we do see it coming miles away. and It will happen. Within the next five years, imo. One thing is for sure, it's a bigger bubble and we can't really have negative interest rates this time around to reinflate that bubble.

Reading your post I wondered how old was the first prophecy about the death of the dollar on this forum.
Not going to link it to avoid some moron bumping that thread but it's:

Quote

Jintao: dollar-denominated international currency system "product of the past"
January 16, 2011

7 years later and the dollar is still king...