Russia to Exit U.S. Dollar – Other Countries Likely to Follow

Russia to Exit U.S. Dollar – Other Countries Likely to Follow

Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency
Russia’s sovereign wealth fund will take a punt on gold and slash $40 billion of US currency entirely out of its investment portfolio amid growing tensions with Washington, the country’s finance minister announced on Thursday.

Anton Siluanov said that the National Wealth Fund would reduce its share of dollars to zero within the next month. Speaking as part of the St. Petersburg International Economic Forum, he said that the process would be “fast enough” and would mirror a similar move by the country’s central bank to reduce assets held in American currency.

Under the plans, the proportion of dollars in the fund will fall from 35% to zero, while assets held in euro and the Chinese yuan will increase to 40% and 30%, respectively. The share of the British pound will halve, from 10% to 5%, while the investment vehicle will buy into gold for the first time, with 20% of its assets to be hedged on the precious metal.

US foreign policy undermining reliability of dollar, Russia warns, as Moscow contemplates new rival to Western payment systemsSpeaking later on Thursday, Kremlin spokesman Dmitry Peskov backed the decision, saying that “the de-dollarization process is constant. It is, in fact, now visible to the naked eye.” He added that the move away from financial dependence on Washington “is taking place not only in our country, but also in many countries around the world, which have begun to experience concerns about the reliability of the main reserve currency.”

In April, Deputy Foreign Minister Alexander Pankin told journalists that political tensions between Washington and other nations were undermining faith in the currency overseas. The imposition of sanctions and an unpredictable economic policy, he argued, “call into question the reliability and convenience of using the American currency as the priority currency of deals.”

As a result, the minister said, countries are now being “forced to take measures against the risk of economic losses and disrupted transactions. Therefore, there is increasing interest in developing alternative mechanisms. Using other currencies in trade is becoming more and more important on the international agenda.”

READ MORE: ‘Dollar becoming toxic’, more nations searching for alternatives – Russia’s foreign intel chief

Russia has championed a push away from the use of the dollar as the default global currency of trade and transactions. Last June, Sergey Naryshkin, the head of Moscow’s foreign intelligence service, the SVR, said that “it seems bewildering that the US continues to be the holder of the main reserve currency while behaving so aggressively and unpredictably.” He added that “the monopoly position of the dollar in international economic relations has become anachronistic. Gradually, the dollar is becoming toxic.”

It’s Official: Russia to Exit U.S. Dollar – Other Countries Likely to Follow

Hal Turner,

3 June, 2021

This morning, the Russian Finance Ministry publicly confirmed “Russia to exit from all Dollar assets in its Wealth Fund and to invest in Euros, Pound, Gold, Yuan instead.”

The announcement was made by Russian Finance Minister Siluanov.  Specifically, he outlined The Russian Ministry of Finance will introduce changes to the structure of the National Wealth Fund within a month, as the share of the US dollar will decrease to zero and the share of yuan will grow to 30 percent.

“Just as the Central Bank, we made a decision to reduce the National Wealth Fund investment in dollar assets … We made a decision to abandon the dollar assets completely and to increase the share of euro and gold instead. The share of Dollar will amount to zero, Euro will be 40 percent, Yuan will be 30 percent, gold will be 20 percent, Pound and Yen will be 5 percent each,” Siluanov told reporters at the St. Petersburg International Economic Forum (SPIEF).”

According to the finance minister, this will happen “quite quickly, within a month.” 

News of this type is not something that catches the attention of the average American but the EFFECT of Russia’s decision will absolutely hit EVERY American. The dollar is the main Globo-American weapon.  

Every economy will need to de-dollarize itself to neutralize that U.S. weapon. This will be necessary to allow return of functioning healthy economy and to neutralize American political interference around the world.    Once countries de-dollarize, the USA will have no economic method to misuse as a way to push other countries around.

“BRICS”

This was originally proposed in August 2020 to the BRICS economic alliance (Brazil, Russia, India, China, and South Africa) in a story titled “Russia calls on fellow BRICS countries to DUMP US DOLLAR in favor of trade in national currencies” (HERE)

At that time, no one actually did it for fear of US military might being used to destroy whoever tries to de-dollarize.  But with  illegitimate weakling Joe Biden as U.S. President, the world actually has a real chance to do this without consequence.  Or so they think.

While at the moment Russia is not a big economic player, they are an enormously powerful country as far as military might, and their action today will embolden other countries to do the same.

PETRO DOLLAR

Some people are quickly claiming Russia’s move is meaningless because the world operates on the Petro Dollar; meaning ALL oil bought and sold around the world, is transacted in Dollars.  Every country MUST have Dollars in their foreign reserves in order to transact any oil business.   

It is arrogantly thought that as long as oil MUST be bought and sold in dollars, there is no way the world can de-dollarize because they MUST possess the currency to trade oil.

That began to change recently.   Saudi Arabia is now settling oil contracts in Yuan and that trade has been rapidly growing. Now copper contracts will start settling in Yuan as well.

The next step is super doom, Russia and China will exit the petro dollar.

Once that takes place, other countries will stampede into other currencies that oil can be traded in, and they will DUMP their Dollar currency reserves.

All those Trillions of dollars will come flooding back to the United States in such enormous amounts, it will instantly trigger hyper-inflation and literally wipe out the value of the U.S. fiat currency.

 

Hal Turner Analysis

It is going to be a rude awakening for Boobus Americanis. We may even see a mass exodus from the dollar as soon as Q2 ‘22.

At least one person we spoke with this morning told us “The Bankers will never stand for this.  It will mean war on a global scale to prevent this from happening.”   Except this announcement by Russia, comes right after the Bilderberg Group meeting.  It looks to some people, like the Bankers are already in on it: the planned destruction of the USA. 

“They” want to destroy the US. . . Trump was the last obstacle. Now he’s removed thanks to Xi and Fauci’s virus, along with the useful idiots of the Democrat Party who were so craven for power, they didn’t see they were helping foreign governments destroy their own nation by stealing the election to get Trump out.

Democrats truly are among the most stupid people on earth.  What they lack in strategic thinking, they make up for with greed and cunning.   Except they will soon find themselves running a USA that’s become Venezuela thanks to their stupidity and lust for power.

Of course, the US slide into a Venezuela situation would likely result in a civil uprising.   That’s where COVID and its so-called “vaccine” come in:   They need to kill off about 200 Million of you to make sure you cannot rise up against them.  So they hyped a flu-like illness to scare the shit out of you (COVID-19) then got you to willingly give them your arm to inject some experimental “vaccine” whose ingredients will over-write your DNA, and likely – in my view – result in millions dead like this smart-ass:

March 25:

 

Days later:

May 31 (less than two months later) – DEAD

 

Think I’m wrong?   How about that Deagle report?   You know, the one published back in 2014 showing the US population would drop to about 100 Million people.   

These folks were allegedly deeply connected to the CIA.  Years ago, they published the chart above showing the stunning collapse of US population.   At the time, they claimed the drop would be caused by economic failure and resulting migration.  Few believed them.

Now, with the “COVID-19” having been unleashed, and a “vaccine” that’s already killed more Americans than all other vaccines over the past twenty years, COMBINED, the picture of how US population will actually be reduced, comes into clearer view.  KILLED-OFF.

Remember, too, economic wars always turn into real wars.  So if the Vax fails to cull the herd, look for WW3. Coming soon!

This whole thing appears to me to have been planned for a very long time.

SWIFT will ‘shoot itself in the foot’ by disconnecting Russia — lawmaker

According to Chairman of the State Duma Committee on Financial Market Anatoly Aksakov, the ruble exchange rate by the end of the year will not demonstrate significant dynamics

Russian Chairman of the State Duma Committee on Financial Market Anatoly Aksakov Kirill Kukhmar/TASS

Russian Chairman of the State Duma Committee on Financial Market Anatoly Aksakov

© Kirill Kukhmar/TASS

ST. PETERSBURG, June 3. /TASS/. The SWIFT payment system will “shoot itself in the foot” by disconnecting Russia, Chairman of the State Duma Committee on Financial Market Anatoly Aksakov said in an interview with TASS on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

Such restrictions could strike a blow to Russia’s financial stability while adapting to the situation, “but then our partners, who are not included in SPFS financial messaging system, will quickly join, and the system will immediately begin to function normally. By disconnecting us, SWIFT will shoot itself in the foot,” he added.

In turn, fluctuations of the ruble in such situation are possible, but they will be rather subjective. However, the collapse of the Russian ruble, as happened with the Turkish lira, will not happen – neither in the event of falling oil prices, nor geopolitical risks, Aksakov said.

“Thanks to the actions of the Bank of Russia and a more coordinated policy with the Russian Ministry of Finance, we were able to create a situation where the ruble is stable, even when oil falls to negative values, like last year,” he said.

According to Aksakov, the ruble exchange rate by the end of the year will not demonstrate significant dynamics.

The 24th St. Petersburg International Economic Forum is being held on June 2-5. The forum’s business program will focus on the global and Russian economies, social issues, and technological development. TASS is the information partner and the official photo hosting agency of the forum.

 

Cold War Over EU Skies: Germany Blocks All Inbound Russian Flights In Huge Escalation

Here we go again in the latest tit-for-tat escalation following the May 23rd forced diversion of the Ryanair flight carrying anti-Lukashenko activist and journalist Roman Pratasevich by Belarus, who was subsequently arrested when the plane landed in Minsk: Russia and Germany have just denied each others’ airlines permission for incoming flights

AFP is confirming that “Germany has blocked flights operated by Russian airlines from arriving in its territory in tit-for-tat action after Moscow failed to provide authorizations for Lufthansa, the transport ministry said Wednesday, amid tensions over Belarus.”

Days ago Moscow had begun blocking European carriers which were actively avoiding Belarusian airspace, also as Russia’s former Soviet satellite state ally was targeted for expanded EU sanctions, including an imminent expected blacklisting of national carrier Belavia.

The Biden administration is also said to be drawing up a list of targeted sanctions, but for now it’s looking like a new Cold War over the skies of Europe is playing out, potentially severely disrupting popular international travel and transit routes and leading to a worsened diplomatic standoff.

Germany’s transport ministry said on Wednesday that it had denied three Russian Aeroflot flights access to its airspace and another four on Wednesday in response to prior Lufthansa flight cancelations that were the direct result of Russian policy:

“Due to the reciprocal practice, the Federal Aviation Authority also did not issue any further permits for flights operated by Russian airlines as long as authorizations are pending on the Russian side,” it added.

….”Once permits for Lufthansa flights are granted by the Russian site, the flights of Russian airlines will also be authorized,” added the German ministry.

Recall too that Air France flights had been impacted by lack of Russian flight path approval as early as a week ago after broad EU-wide avoidance of Belarusian airspace. The Kremlin had tried to downplay it at the time as vaguely based on “technical” reasons.

As the below comment from an Atlantic Council pundit reveals, the May 23 Ryanair incident is increasingly being blamed on Putin’s Russia, given his longtime support for the Belarusian strongman…

Further upping the ante, NATO Secretary General Jens Stoltenberg weighed in on Wednesday saying more punitive actions are on the table my the Western military alliance over what was widely condemned as Lukashenko’s authorized “state hijacking” of the Ryanair flight last month.

“I think the most important thing now is to make sure that those sanctions that are agreed are fully implemented,” he said in what’s looking to be a major coordinated sanctions avalanche involving the US, EU, and UK. “It has to be clear that when a regime like the regime in Minsk behaves in the way they did, violating basic international norms and rules, we will impose costs on them.”

New world order’ being formed before our eyes, Russia’s deputy defense minister tells RT ahead of key Moscow security conference

'New world order' being formed before our eyes, Russia’s deputy defense minister tells RT ahead of key Moscow security conference
We are currently witnessing the formation of nothing less than a “new world order,” with the existing international legal system fracturing and states taking sides in a fresh Cold War, Russia’s deputy defense minister has told RT.

Colonel General Aleksandr Fomin spoke to the network ahead of the 9th Moscow Conference on International Security, scheduled to take place on June 22-24 in the Russian capital. The event brings together military officials and security experts from different countries, with some 49 nations having already confirmed their participation.

The upcoming conference is an explicitly non-partisan event, and the countries are invited to partake regardless of their current relationship with Russia, Fomin stated.

“At the forum, we give the floor not only to partners who share our approaches to solving major world problems, but also to opponents, countries with which cooperation today is at bare minimum or equal to zero,” Fomin said.

Discussions like those at the Moscow forum are particularly important during challenging times, the official added, as the world’s political and security landscape is currently experiencing historic shifts, with the ‘old’ world order crumbling apart.

Today we are witnessing the formation of a new world order. We see a tendency for countries to be drawn into a new Cold War, the states being divided into ‘us’ and ‘them’, with ‘them’ unambiguously defined in doctrinal documents as adversaries.

“The existing system of international relations and the security framework is being systematically destroyed. The role of international organizations as instruments of collective decision-making in the field of security is being diminished,” Frolov said, without specifying examples.

Over the past few years, particularly under former US president Donald Trump, multiple international agreements ceased to exist. Effectively, only one major accord between Washington and Moscow – the New START treaty – remains, after President Joe Biden agreed to extend it for another five years.

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