Vlad knows the value of western co – operation (picture source)
Not long ago members of our little team posting on Boggart Blog, Little Nicky Machiavelli and The Daily Stirrer warned you that the USA and EU had a lot more to lose than Russia if they got into an economic war with The Kremlin.
One proud, patriotic and utterly stupid American loftily informed me that the America had nothing to fear because the world trades in US dollars. That used to be right, unfortunately it is no longer so because China and the rest of the BRICS along with Iran and several other significant holders of vast natural resources have been dumping the dollar and making bilateral trade agrements for several years.
Well as usual, drawing on our vast pool of business and life experience we were right at this information that came to us via News Beacon Ireland shows.
Russia announces that it will sell (and buy) his products and commodities including oil in roubles; not anymore in dollars.
Putin has been preparing this move the creation of a payment system in roubles completely independent and protected from the Dollar and the killer speculations 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.
For Wall Street and the city’s financial services, countries like Russia should always have an open financial door through which their real economy can be periodically looted. So Washington announced that it was a mistake to enforce sanctions on all those Russian banks; only one, the Rossiya bank shall be hit by sanctions, just for propaganda reasons and to make an example out of it.
It is what Putin needed. Since at least 2007, he was trying to launch an independent Rouble System, a financial system that would be based on Russia’s real economy and resources and guaranteed by its gold reserves. No tolerance for looting and financial speculation: A peaceful move, but at the same time a declaration of independence that Wall Street will consider as a “declaration of war.
According to the Judo strategy, the sanction attack created the ideal situation for a “defensive move that would redirect the brute force of the adversary against him. And now it’s happening. Bank Rossiya will be the first Russian bank to use exclusively the Russian rouble.”
Here’s a view of the current situation from another perspective from Zero Hedge:
UPDATE – 31 March:
Dollar Hegemony Under Attack By Export-Superpowers Germany and China
The word dollar didnt even come up. The volume of transactions that can be carried out in the Chinese currency in international and German financial centers is not commensurate with Chinas importance in the global economy, the Bundesbank explained in its dry manner on Friday in Berlin, after signing a memorandum of understanding with the Peoples Bank of China. President Xi Jinping and Chancellor Angela Merkel were looking on. It was serious business. Everyone knew what this was about. No one had to say it.
The agreement spelled out how the two central banks would cooperate on the clearing and settlement of payments denominated in renminbi to get away from the dollars hegemony as payments currency and as reserve currency.
The world is run by insane people doing insane things – John Lennon
Journalism is reporting news somebody does not want reported, everything else is public relations – George Orwell