Skip to comments.BRICS morphing into anti-dollar alliance
Posted on 07/03/2014 4:48:53 PM PDT by Lorianne
Before the crucial visit to Beijing next week, the governor of the Russian Central Bank, Elvira Nabiullina met Vladimir Putin to report on the progress of the upcoming ruble-yuan swap deal with the People's Bank of China and the Kremlin used the meeting to let the world know about the technical details of its international anti-dollar alliance.
On June 10th, Sergey Glaziev, Putin's economy advisor published an article outlining the need to establish an international alliance of countries willing to get rid of the dollar in international trade and refrain from using dollars in their currency reserves. The ultimate goal would be to break the Washington's money printing machine that is feeding its military-industrial complex and giving the US ample possibilities to spread chaos across the globe, fueling the civil wars in Libya, Iraq, Syria and Ukraine. Glaziev's critics believe that such an alliance would be difficult to establish and that creating a non-dollar-based global financial system would be extremely challenging from a technical point of view. However, in her discussion with Vladimir Putin, the head of the Russian central bank unveiled an elegant technical solution for this problem and left a clear hint regarding the members of the anti-dollar alliance that is being created by the efforts of Moscow and Beijing:
(Excerpt) Read more at voiceofrussia.com ...
It’s just a matter of time.
All part of the plan against America. And the Congress does nothing.
Not going to happen. As screwed up as the dollar is, nobody trusts Russia and China.
We’re the best house in the slums.
Bring it. After Odumbo leaves the “new currency” will be shunned worldwide.
Between shale and 3d printing, those two economies are doomed.