RI... Russia's deputy foreign minister says US sanctions will compel Moscow to seek alternatives to the dollar-based reserve currency system
Russian Deputy Foreign Minister Sergei Ryabkov gave a jaw-dropping interview with ABC News in which he stated unequivocally that US sanctions are pushing Russia towards developing alternatives to the dollar reserve currency system.
During the interview, Ryabkov states that Russia is prepared to go tit-for-tat with any US sanctions imposed on Moscow. Asked about whether the Russian economy could withstand a serious sanctions war, Ryabkov doubles down and says that not only is Russia prepared to go toe-to-toe with Washington, it's also closer to developing an alternative to the dollar-based reserve currency system:
Q: You’ve talked about the Russian economy not being in tatters, but you are emerging from a recession. Can Russia really afford to do this with the US as its third largest trading partner?
Ryabkov: I think we can, and I think also every single step that people—on the Hill in particular—take to make our lives more difficult brings us closer to the moment when we will develop all sorts of alternatives to the US financial system, to the dollar reserve currency system, the dollar-based reserve currency system, to all sorts of areas where the whole world and not just Russia is dependent on very frivolous actions on the part of the US.
And I should say: You undermine confidence in your system altogether.
Watch for yourself (starts at the 6:00 mark):
We wrote yesterday about how the new sanctions against Russia will ensure the end of the US dollar's primacy; Moscow's energy deals with Beijing already bypass the dollar, and there is a growing list of initiatives and policies already in place that Russia is using to distance itself from dollar dependence.
Buckle up.
Poster Comment:
Dollar will still work in US when Trump puts America to work.
JNDillard • The train has left the station. There is nothing, absolutely nothing, that the US can do to stop the de-dollarization of the world economy. All it can do is slow it down by playing nice. But, Washington and Tel Aviv are not quite ready to do that. Like spoiled adolescents, they must first test its boundaries by acting out to see if they are real. However, the ability of these adolescents to act out in destructive ways is increasingly limited. Short of burning the house down, with themselves in it, which is something most adolescents are not willing to do, the options available to the Western adolescent to inflict harm are increasingly limited. This is a major source of frustration for the Deep State, Ukronazis, Polish nationalists, NATO, and of course our friends locked in the orbit of Zionist delusion. We feel for them and hope they settle down into soon accepting the rule-based structures they have themselves agreed to in principle.
tapatio JNDillard • Entirely correct..........except that we must assume that Israel's "Samson Option" has the approval of the Rothschilds - "If we can't have it, nobody can". A Pentagon report in 2011 said that, if Israel used that option, the subsequent nuclear winter(s) could cause as many as five billion deaths. The Rothschild's American Rasputin, Kissinger, stated in "NSSM-200" that depopulation was an essential factor in providing the resources required for the continued operation of the components of the Rothschild-Bilderberg cartel. Consider the above with the fact that the Rothschilds, et. al. are the intellectual/moral descendants of the money changers (loan sharks) that Jesus is said to have driven from the temple some days before Pilate was blackmailed into executing him - not to mention the fates of the two US presidents who decided to abolish the Federal Reserve (Lincoln, Kennedy).