China and Russia Agree to use own currencies either the ruble or the Yuan not to use American dollar. What will be effect on India and world?

China and Russia Agree to use own currencies either
the ruble or the Yuan not to use American dollar.
What will be effect on India and world?

The two countries were accustomed to using the dollar for trade.

China and Russia have announced that they will no longer use the dollar for bi-lateral trade. Instead they will use either the ruble or the Yuan.



The announcement came as the leaders of both countries met in St. Petersburg to expand bilateral trade and energy-cooperation between the countries, according to an AFP report

"We agreed to expand the possibilities for application of national currencies during trade and economic contacts," said Russian Prime Minister Vladimir Putin after holding talks with the Chinese premier Wen Jiabao.

Both parties signed 12 documents or say contracts.
The documents covered cooperation on aviation, railroad construction, customs, protecting intellectual property, culture and a joint communiqué. And energy cooperation.

Putin said one of the pacts between the two countries is about the purchase of two nuclear reactors from Russia by China's Tianwan nuclear power plant, the most advanced nuclear power complex in China.

Wen said at the press conference that the partnership between Beijing and Moscow has "reached an unprecedented level" and pledged the two countries will "never become each other’s enemies".

Sm – Remember no one can trust china, we are brothers

Russian ruble already trading on the Chinese exchange, Yuan trade in Moscow is expected to begin in early December.

According to Russian government the bilateral trade between the two countries is estimated to reach above $50 billion by the end of 2010

This was going to happen – Beginning of cold war between china and USA

Once there was a cold war between super power America and USSR, which finished in defeat of USSR.

currently China is another super power, and we will see the rise of cold war between America and China.

Our Indian leaders may tell you we are super power but educated people know we are zero exception is computers.

One example –
We are purchasing war planes from America on other hand same quality, same standard and same generation war planes are manufactured by china in their own country by their own scientist.

As an India do we need to fear the friendship between China and Russia?

Yes we as Indians have to fear this friendship, as our military technology originated or came from Russia so in future this will create problems for India to get spare parts of war planes.

Regarding economic situation do we need to fear?

No we do not need to fear, if rate of dollar is reduced is good for honest poor Indians.
As we will pay less money to buy same planes.

A good Indian will always dream that 1 dollar is equal to 1 Indian Rupee.
And corrupt will never think this way and will never act in this direction.

This pact of Russia and China will create more problems for President Obama and am sure one day America will again turn to policy of war ,
Policy of war is necessary to be a super power always.

Reality views by sm –
November 25, 2010