Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar

Sunday, March 30, 2014
By Paul Martin

A New Financial System independent from Wall Street & city begins to take shape concretely in Russia?
By Umberto Pascali
Global Research
March 30, 2014

Russia “forced” by the sanctions to create a system independent from the Dollar.

Russia announces that it will sell (and buy) his products and commodities – including oil – in rubles; not anymore in dollars

Putin has been preparing this move — the creation of a payment system in rubles 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 Ruble 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”.

The Rest…HERE

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