IPFS News Link • Economy - Economics USA
De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar
• http://chrisinmaryville.net/Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a "de-dollarization" plan. For decades, virtually all oil and natural gas around the world has been bought and sold for U.S. dollars. As I will explain below, this has been a massive advantage for the U.S. economy. In recent years, there have been rumblings by nations such as Russia and China about the need to change to a new system, but nobody has really had a big reason to upset the status quo. However, that has now changed. The struggle over Ukraine has caused Russia to completely reevaluate the financial relationship that it has with the United States. If it starts trading a lot of oil and natural gas for currencies other than the U.S. dollar, th
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1 Comments in Response to De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar
everyone around the world will eventually just walk away from this failed rothschild/rockefeller bis/imf/un debt-and-death paradigm. it's over for the international central bankers. question is: who will pay - someone has to subsidize their lavish, idle lifestyle. if the russians, the chinese, and the iranians won't do it - someone else will. who has been financing everything up to this point? the american taxpayer. that's who they'll be coming after next, with their armies of 3-letter, alphabet-soup agency thugs: like those who work for the cia, fbi, nsa, dhs, tsa, blm, fda, adl...you see, their system of control rests on them issuing government bonds, placing governments, and thereby the people, into debt to them (the international central bankers), so that, taxpayers subsidize their corporate losses (like happened in late 2008 with the banker bailouts), and governments remain under their control - with them as creditor. we have to get rid of the so-called "federal" "reserve" system, and print/coin all us currency through the u.s. treasury, with no debt/interest attached.