Russia Continues To Take a Wrecking Ball To The US Dollar

Russia Continues To Take a Wrecking Ball To The US Dollar

Informational attacks on Russia as an aggressor nation supposedly using Zapad2017 military exercises to simulate an invasion of the Baltics and Poland or guilty of hijacking the 2016 U.S. elections via Facebook/Twitter trolls and bots are intensifying. Hollywood directors and actors like Morgan Freeman are being enlisted into propagandizing the American public with the notion that 'we are at war' with Russia, to the bemusement of the Russian media.

Not coincidentally, the war drums around North Korea, a Treasury Secretary threatening the former largest holder of U.S. government debt in China with being cutoff from the American banking system (a step which would implode what's left of the economy overnight), and the #RussiaGate agitprop campaign are reaching ludicrous levels, as Washington and Wall Street grow desperate from losing control over the dollar's role in global tradeSince the BRICS summit of early September, in which Russian President Vladimir Putin declared that the unjust manipulation of (the dollar's) reserve currency status must be addressed through multipolar action, we can see the policy being implemented in concert by the Eurasian powers -- namely China, Russia, Iran, and soon to be ex-NATO member Turkey.

The ruble is not yet being 'nationalized' as Russian nationalist economists like Nikolai Starikov or Putin adviser Sergey Glazyev have long advocated. But hints of a sovereign crypto-yuan in China amidst Beijing's crackdown on bitcoin/ethereum exchanges naturally suggests Eurasian wide coordination with Moscow planning something similar in the near future -- a crypto-ruble allowing oil and gas trade settlement in gold.

The Sirius Report's London Paul has some of the story in a September 19, 2017 post reproduced below. -- JWS

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