Putin Pushes to Dump the Dollar

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vladimir putin wikimedia

Over the past week it was revealed that China is gradually dumping billions of dollars in US treasuries. Truth be told though, China isn’t the only country interested in unhinging itself from the dollar system. The global currency war has begun in earnest, and now Russia is getting in on the action.

Putin recently announced that he was drafting a bill that would remove the dollar and the euro from trade agreements between Russia’s closest trading partners in the CIS. The CIS is a regional association of former Soviet States, which includes Russia, Armenia, Belarus, Kazakhistan, Uzbekistan, Tajikistan, Moldova, Kyrgyzstan, and Azerbaijan. By creating a single marketplace between all of these countries, it would, according to the Kremlin “help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets.”

As early as 2007 there was talk of leaving the dollar on the part of countries like Russia, China, Iran, and even Saudi Arabia. Slowly but surely, talk is turning into action as more and more countries are quietly making their own currency arrangements outside of America’s financial sphere. Little by little, the dollar’s supremacy is being chipped away, and it’s only a matter of time before it is completely gone.

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Contributed by Joshua Krause of The Daily Sheeple.

Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger .

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  • RandyJ/ProudSurvivor

    Vladimir Putin may be an enemy of the US, but I admire him because he is a true patriot who loves his country and strives to do what is best for Mother Russia-unlike the endless stream of trash inhabiting Washington. Putin clearly understands how and has the patience for killing an enemy with a thousand cuts. Unless someone steps up, China and Russia will bleed America dry without ever firing a shot.

    • sunshine

      And he is super hot! I have the biggest crush on him (I’m a woman, don’t worry lol). Sorry for the superficiality there 😀

      • RandyJ/ProudSurvivor

        Lol. A little superficiality never killed anyone, although, if it killed any Kardashians, I wouldn’t lose any sleep.

  • trigon500

    Whose banking system will “the chosen tribe” infest & hijack once the dollar dies?
    Whose banks, lawmakers & treasury will the Israeli’s sink their fangs into for its support?
    China? Bwa-hahaha!
    Russia? No way! Putin is wise to this tribe since they wrecked Russia while butchering 20 million Christians not too long ago.

  • SovereignPatriot88

    I could be wrong, but wouldn’t it be more effective to dump the dollar quickly rather than slowly? If they do it slowly, it gives the Fed time to adjust and slowly react to it. But dumping large quantities of it quickly would throw the markets into a freefall wouldn’t it? Especially if China and Russia do it simultaneously. But it could also hurt their own economies, and that could be the reason they are going slowly, to gauge the reaction it has.
    If America wasn’t run by greedy and incompetent people we wouldn’t have this problem. They had a good thing going if they used it responsibility and didn’t spend so much more than they took in. They could have done this for a long time before it collapsed. If they weren’t so greedy and they let more of the wealth trickle down we could have had a higher standard of living, no need for welfare, etc. I could be totally wrong here, and I know that this couldn’t last forever, but they didn’t have to bleed us dry so fast. Perhaps before it collapsed, we could’ve found a way to do things differently.
    What do I know, I’m just a peon.

  • Rick E.

    Ironic that this is happening, and that Russia is now considered our “enemy”. Russia is not encircling us on our borders with military bases, etc. Can you imagine what would happen if Russia put military installations on the border with Canada and Mexico??
    Our government is the aggressor here, and has been for a long time!

    I don’t blame Putin for doing the smart thing economically for his country by dumping the dollar! At least he obviously cares for his country and doesn’t bend over for half of the world!

    • Gearmoe

      I’ve thought the same, yep.

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    • LiberalsRLost

      Victoria Nuland co-ordinated the Ukraine coup….

  • Gearmoe

    I doubt the Dollar is going away. That said, I do believe the Dollar will genuinely be challenged.

    • LiberalsRLost

      The dollar will go the way of the British Sterling Pound ….still there but not relevant…..well UK went Euro but I make my point nonetheless ….

  • LiberalsRLost

    BRICS is doing this slowly and methodically and one day we will wake up and discover the FED has no clothes and the ponzi scheme is neeked…!!!

    SO the next play will be to make Russia the villain again and create another zionist war to prop up wall$treet and the MIC….

    The zionist play book gets easier to read day by day….

  • Anothereno

    The whole world needs to drop the dollar into the sea…. US is way to corrupt to have the printing power…