Russia Set To Abandon American Dollar In International Trade Deals

Of course I support this Russian move in its entirety – it’s pretty much common knowledge that to truly hurt America, you need to strike at its wallet.

Still, it’s rather sad that our Slavic friends have had to resort to this despite the victory of a man who promised for two years that he would try to befriend Russia and drop the war mongering and saber rattling.

And I don’t know about everyone else, but I remember these things come Election Day – do we right now have anything motivating enough to get us to vote this November?

I mean, what would be the difference if we sent a few more GOP cucks into Congress?

RT:

Russia will definitely respond to Washington’s latest sanctions and, in particular, it is accelerating efforts to abandon the American currency in trade transactions, said Deputy Foreign Minister Sergei Ryabkov.

“The time has come when we need to go from words to actions, and get rid of the dollar as a means of mutual settlements, and look for other alternatives,” he said in an interview with International Affairs magazine.

“Thank God, this is happening, and we will speed up this work,” Ryabkov said, explaining the move would come in addition to other “retaliatory measures” as a response to a growing list of US sanctions. Russian Energy Minister Aleksandr Novak recently noted that a growing number of countries are interested in replacing the dollar as a medium in global oil trades and other transactions.

“There is a common understanding that we need to move towards the use of national currencies in our settlements. There is a need for this, as well as the wish of the parties,” Novak said.

According to the minister, it concerns both Turkey and Iran.

“We are considering an option of payment in national currencies with them. This requires certain adjustments in the financial, economic, and banking sectors” to accomplish. Last week, the Kremlin said it is interested in trading with Ankara using the Russian ruble and the Turkish lira. India has also vowed to pay for Iranian oil in rupees.

The world’s second-largest economy, China, has also been taking steps to challenge the greenback’s dominance with the launch of an oil futures contract backed by Chinese currency, the petro-yuan. China and Iran have already agreed to stop using the dollar in global trade.

I guarantee you that right now, somewhere, a very unhappy merchant is switching from rubbing his hands together to slamming his fists on his desk.

About Marcus Cicero 593 Articles
Proud White Man, devoted husband and father, and Occidental Dissent contributor.

9 Comments

  1. This is what the BRICS block is about. They’ve already been phasing out ZOG bucks, for the past few years, in trade transactions between the BRICS nations.

    Sputnik and RT have been running stories on it since ’15.

  2. Bad time then for you or your loved ones to be in the U.S. military. America has a history of fighting wars over this sort of thing, and Russia actually has the capability to answer blow for blow.

  3. Apparently, neither the Jews or their Shabbat Goys in the USZOG have read Toffler. Especially “War and Anti-War.”

    They’re being faced with a situation that they can’t bomb their way out of. Like Bush, when he was humiliated during an official state visit in Japan, and again in Latin America.

  4. This is the legacy of those who sacrificed the United States for empire. We never did have a shortage of traitors within.

  5. Russia still has a (((central bank))). I think jewry is worried that Putin might nationalize it which is the source of the kvetching. Sidestepping it and issuing a new currency is probably the way to go whomever does it.

  6. Woo HOO! If Putin actually goes off of Jewbux – the neo Cold War is going to heat up super fast! Never try to keep a vampire from it’s blood supply, unless you want a global vampire chimp out!

  7. Good luck with that, because Russia is up against Gresham’s Law: The currency that is worst at holding value gets the most play. If your state decided to accept gold and silver for tax payment, would you send them your Krugerrands? Of course not, you’d keep spending your Jewbucks and hoarding the good stuff.

    No country wants to conduct international trade in gold because they don’t want to part with their gold reserves until they absolutely have to.

    Thus the worst currency dominates trade at a velocity approaching infinity and a value approaching zero. Only when utterly worthless is it discarded, and the second-worst currency takes its place.

  8. This writing’s been on the wall for awhile. It won’t happen over night BUT … stock up on 70 % gold, 30 % silver. Get some cryptos. A few good ones will be : Theta, DigiByte for sure, and MAYBE Bitcoin, Bitcoin Cash, XRP, Reddcoin, ETN, and Litecoin. Avoid Coinbase and any exchanges on the earthquake zone.

  9. Actually Russia and China and all normal people are very afraid. We think that when economy crashes then Republicans loose the midterms, and then democrats turn the US full Soviet style war machine. Without this fear, dollar and swift would be dumped years ago.

    All those deplatforming, definancing and Antifa acitons were only test to confirm that except gloating and mourning, there is no real anti communist resistance whatsoever so liberals can actually do what they want.

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