RUSSIA AND CHINA JUST PUT ANOTHER NAIL IN THE COFFIN OF THE BRETTON WOODS PETRODOLLAR SYSTEM
Dollar collapse will result in war and police state fascism at home
by KURT NIMMO
INFOWARS.COM
JUNE 17, 2015
Sanctions imposed on Russia have little to do with Ukraine or the supposed aggressive behavior of Vladimir Putin.
They are a direct response to a Russian move out of the petrodollar system that has ruled since the 1944 Bretton Woods Conference that established the US Dollar as the global world currency and created the World Bank and the IMF as the institutions upholding its hegemonic rule.
On Tuesday it was announced that Russia and China are expected to use the ruble and yuan in payments for gas supplied using the western Altai pipeline. The proposed pipeline will export 30 billion cubic meters of natural gas a year from Russia’s Western Siberia to North-Western China.
“As a sales contract is not signed, then, of course, the currency of payment has not yet been determined,” said Gazprom Export CEO Elena Burmistrova. “However, the Chinese side and the Russian side are discussing today and are in intricate negotiations on the possibility of paying in yuan and rubles.”
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