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Sunday 6 April 2014

Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar



A New Financial System independent from Wall Street and City of London begins to take shape concretely in Russia?

 

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Russia “forced” by the sanctions to create a currency system which is independent from the US dollar.  

Russia announces that it will sell (and buy) products and commodities – including oil – in rubles rather than in dollars. The move is towards the development of bilateral.


Putin has been preparing this move — the creation of a payment system in rubles completely independent and protected from the Dollar and the “killer speculations” (e.g. short-selling) of the big Western financial institutions — for a long time.
After sanctioning several Russian banks to punish Russia for Crimea, the Washington politicians were told by the financial power-to-be to step back because obviously, the Wall Street vampires understand that putting Russian banks outside the reach of their blood sucking teeth is never a good idea. 


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