Russia Is Doing It – Russia Is Actually Abandoning The Dollar

[katsung47]

Russia Is Doing It – Russia Is ActuallyAbandoning The Dollar

By Michael Snyder, on June 10th, 2014

The Russians areactually making a move against the petrodollar. It appears that they are quite serious about their de-dollarizationstrategy. The largest natural gasproducer on the planet, Gazprom, has signed agreements with some of theirbiggest customers to switch payments for natural gas from U.S. dollars toeuros. And Gazprom would have never donethis without the full approval of the Russian government, because the Russiangovernment holds a majority stake in Gazprom. There hasn't been a word about this from the big mainstream newsnetworks in the United States, but this is huge. When you are talking about Gazprom, you aretalking about a company that is absolutely massive. It is one of the largest companies in theentire world and it makes up 8 percent of Russian GDP all by itself. It holds 18 percent of the natural gasreserves of the entire planet, and it is also a very large oil producer. So for Gazprom to make a move like this isextremely significant.

http://theeconomiccollapseblog.com/a...ing-the-dollar

[earthJoker]

[Steely Glint]

Russia doesn't use the dollar. It uses the ruble

[Aimless]

He's talking about the rumors about Russia eventually ditching the dollar as a reserve currency after several Russian companies and banks have begun to look at using the renminbi instead of the dollar whenever possible.

[katsung47]

839. Iraqi crisis created to save dollar (6/18/2014)

In early June,Russia switches the oil payment from dollars to Euros.

GazpromSigns Agreements to Switch from Dollars to Euros

Global Research,June 07, 2014

Gazprom Neft hadsigned additional agreements with consumers on a possible switch from dollarsto euros for payments under contracts, the oil company’s head Alexander Dyukovtold a press conference.

“Additionalagreements of Gazprom Neft on the possibility to switch contracts from dollarsto euros are signed. With Belarus, payments in rubles are agreed on,” he said.

Dyukov said nineof ten consumers had agreed to switch to euros.

http://www.globalresearch.ca/gazprom...-euros/5386049

This is veryimportant news. If people starting to abandon the dollar, US will be hurtseriously in economy. Yet the news was little reported by the mainstream media.Several days later, the ISIL rebel in Iraq activates an offensive. The puppetIraqi government retreats without any resistance. As a result, the oil pricegoes up.

Oilprices spike as Iraq violence flares
By Mark Thompson @MarkThompsonCNN June 12, 2014

Oil prices spikedThursday to levels not seen in nine months as escalating violence in Iraqsparked worries about crude exports.

Light crude oilfutures touched $106 a barrel, up nearly 2% and the highest price sinceSeptember 2013.

http://money.cnn.com/2014/06/12/news/oil-prices-iraq/

Since the moneyused in most oil trading is dollar, the higher oil price will force the buyerto keep more dollar in bank as purchasing power. It’s a big amount if futureoption is included. Manipulating oil price becomes a strategy to save thedollar. Iraq is a big country of oil production and exportation. Its politicalstability has huge influence to oil price. US has turned it into a switch toadjust the oil price.

[katsung47]

844. To save the dollar by hitting the Euro (7/17/2014)

Someone argues,

OriginallyPosted by imaginethat
Russia is theworld's largest exporter of oil. Any increase in the price of oil benefitsRussia.

That’s true. Butoil price is the fastest way to adjust the demand of the dollar. We saw thenthe Euro – an alternative to the dollar, is threatened.

Portugalbank crisis shakes investor confidence
By BrigitteHagemannJuly 10, 2014

Lisbon (AFP) -Fears over the health of Portugal's largest listed bank, Banco Espirito Santo,sent its shares into freefall Thursday, shaking stock markets in Lisbon andacross Europe and even the Atlantic.

http://news.yahoo.com/portugals-fina...182844328.html

Euro is thereserve currency next to the dollar. When dollar is weak that oil buyers have to use Eurosfor payment to Russian oil, what if Euro’s value is threatened? Similarsituation had acted four years ago when US had a financial crisis (thebankruptcy of Leman Brothers caused by sub-prime loan collapse), US resolved itby introducing the Greek financial crisis.

Wall St. Helped to Mask Debt Fueling Europe’sCrisis

By LOUISE STORY,LANDON THOMAS Jr. and NELSON D. SCHWARTZ

Published:February 13, 2010
Wall Streettactics akin to the ones that fostered subprime mortgages in America haveworsened the financial crisis shaking Greece and undermining the euro byenabling European governments to hide their mounting debts.

As worries overGreece rattle world markets, records and interviews show that with WallStreet’s help, the nation engaged in a decade-long effort to skirt Europeandebt limits. One deal created by Goldman Sachs helped obscure billions in debtfrom the budget overseers in Brussels.

http://www.nytimes.com/2010/02/14/bu...s&emc=rss&_r=0

If the high oilprice would benefit enemy Russia, then US has to dig into the foundation ofally’s wallet. Last time the ignition was Greece, this time it is Portugal.

[katsung47]

845. Another way to weaken the Euro (7/21/2014)

The energy supplyof Europe is heavily dependent on Russia. About one third to 40% of its naturalgas and oil are imported from Russia. One important gas pipe is inside Ukraine.If there is a turmoil in Ukraine, the gas supply to Europe will be affected. Theeconomy of Europe would be weakened, so be the Euro. That’s why we saw anupheaval in Ukraine.

Ron PaulDefends Russia After Malaysian Plane Crash
.
By ColinCampbell Jul 21, 2014,

One of thoseunreported things, Paul claimed in his weekly "Texas Straight Talk"column, was the United States' own responsibility for destabilizing the region.Ukraine is currently embroiled in violent conflict between the Ukrainiangovernment and the pro-Russian separatists.

"They willnot report that the crisis in Ukraine started late last year, when EU andUS-supported protesters plotted the overthrow of the elected Ukrainianpresident, Viktor Yanukovych.

WithoutUS-sponsored 'regime change,' it is unlikely that hundreds would have beenkilled in the unrest that followed. Nor would the Malaysian Airlines crash havehappened," Paul wrote.

http://finance.yahoo.com/news/ron-pa...151731466.html

Here EU used tobe a follower of the US. I think the Europeans have sensed the coming dangerthe US will bring to them. German is a major power of EU. Recently, German hastwice revealed two US spy cases and eventually expelled a CIA intelligenceofficial. That’s unusual.

GermanyDemands Top U.S. Intelligence Officer Be Expelled
Posted 10 July2014 - 07:36 PM

BERLIN — Germany’s relations with the UnitedStates plunged to a low point Thursday, with the government demanding theexpulsion of the chief American intelligence official stationed here because,it said, Washington has refused to cooperate with German inquiries into UnitedStates intelligence activities.

http://www.nytimes.com/2014/07/11/wo...icer.html?_r=1

I would sayGerman has sensed (or with its state ability, having the intelligence) that USwould sacrifice European’s economy by creating a crisis in Europe. It could beterror attack; or war. The deportation of US intelligence official is just awarning or protest of disagreement. Several days later, Malaysia airliner MH17was down in Ukraine.

[katsung47]

847. Puppets show to savethe dollar (8/1/2014)

The MH17 crash was obviously an attempt to draw Europe into a war crisis inUkraine. As a result, Euro goes down wards.

Ukraine Tensions See Euro Come off Boil

LONDON — Jul 22, 2014, 11:56 AM ET

By PAN PYLAS Associated Press

The euro fell Tuesday to its lowest level against the dollar this year amidconcerns that the downing of Malaysia Airlines Flight 17 will prompt a biggerfreeze in relations between the European Union and Russia.

The deterioration in relations between the two sides has worked against theeuro, which is used by 18 EU countries. The crisis in Ukraine has given tradersan opportunity to sell the euro, which had been at multiyear highs against thedollar despite the muted economic recovery in the eurozone and low interestrates.

http://abcnews.go.com/Business/wireS...-boil-24663139

Russia wants buyers to abandon the dollar and use the Euro for its oil.Ukraine crisis forces traders to sell the Euro. That’s how US to save itsdollar – by creating war crisis.

Moreover, there is a turmoil in Libya lately. Libya is an oil rich country.The upheaval there not only push up the oil price, but also hurt economy of Europeancountries. It’s not a coincidence.

US Evacuates Embassy In Libya Amid Clashes
By Matthew Lee July 26, 2014

WASHINGTON (AP) -- The United States shut down its embassy in Libya onSaturday and evacuated its diplomats to neighboring Tunisia under U.S. militaryescort amid a significant deterioration in security in Tripoli as fightingintensified between rival militias, the State Department said.

http://talkingpointsmemo.com/news/us...bassy-in-libya

When there were “dictators”, the media blew the trumpet for “democracy”,“color revolution”, “Arab spring”. After the fall of the dictatorship, whatleft over are all US assets: ISIS, Iraq’s Maliki puppet government, rivalmilitias (include Al Qaida) in Libya. Now you rarely hear the angry cry forjustice although those agents are more cruel than the “dictators” – they are bombingcivilians; beheading P.O.W. and doing religious extinction. Because all thosepuppets are working for the same master.

The puppets now are acting war shows in Iraq, Libya and Ukraine(where onlyRussia is the real enemy), all for one purpose, to save the dollar fromcollapse.

[katsung47]

849. Ebola spreading is abio attack (8/12/2014)

The recent outbreak of Ebola epidemic is a bio attack. It plays the samerole as SARS to create a public panic which finally will cause a heavy economicdamage. The target aims at E.U.. The main project is to create a conflictbetween E.U. and Russia in Ukraine crisis. E.U. and Russia all realize it andare trying to avoid such a confrontation. The shooting down of MH17 was one ofthe efforts. To push the reluctant E.U. countries to step up the confrontationwith Russia, US activate the Ebola attack. It’s a whipping, a blackmail. If youdon’t do to my way, you’ll be suffered an epidemic. Your economy will bedamaged.

The bird flu virus and Ebola virus, are the secret weapons of Pentagonbecause so far the outside world has no effective medicine to deal withthem.

Weaponized Ebola Virus Info

Filoviruses like Ebola have been of interest to the Pentagon since the late1970s, mainly because Ebola and its fellow viruses have high mortality rates —in the current outbreak, roughly 60 percent to 72 percent of those who havecontracted the disease have died — and its stable nature in aerosol make itattractive as a potential biological weapon.

http://lunaticoutpost.com/showthread.php?tid=453171

The source of Ebola was well selected. Watch the map, Guinea, Liberia,Nigeria and Sierra Leone are below West Europe, then it goes north to Spain.The dead Spanish priest indicates E.U. would be the target.

Of course, to get rid of being suspected as the original source of Ebolaspreader. US got two American aid workers being contaminated with the Ebola.Both recovered from the deadly disease. It means US has developed the Ebolavaccine already. Nobody will start a bio war that would also hit himself unlesshe has had effective cure medicine already. That’s why there was such a comicthat WHO demanded the drug but US said it’s too early as it was still in test.The possible production will be in next year.

They won't let out the new drug before they seeing the result of this bioattack - the economic crisis inEurope. That likely will happen inSeptember.

[katsung47]

Gaddafi and Saddam tried to abandon the dollar in their oil trading. Both were killed in war activated by the US.

Gaddafi gold-for-oil, dollar-doom plans behind Libya'mission'?
https://www.youtube.com/watch?v=GuqZfaj34nc
http://youtu.be/GuqZfaj34nc

--------------------

Iraq nets handsome profit by dumping dollar for euro
Faisal Islam,economics correspondent
The Observer,Saturday 15 February 2003

A bizarrepolitical statement by Saddam Hussein has earned Iraq a windfall of hundreds ofmillion of euros. In October 2000 Iraq insisted on dumping the US dollar - 'thecurrency of the enemy' - for the more multilateral euro.

The changeoverwas announced on almost exactly the same day that the euro reached its lowestebb, buying just $0.82, and the G7 Finance Ministers were forced to bail outthe currency. On Friday the euro had reached $1.08, up 30 per cent from thattime.

Almost all ofIraq's oil exports under the United Nations oil-for-food programme have beenpaid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for3.3 billion barrels of oil into an escrow account in New York.

http://www.theguardian.com/business/...6/iraq.theeuro

[katsung47]

556. Petro-dollar, the cause of Iran war (7/4/08)

People think the nuclear ambition of Iran is the reason for Iran war. That is only right on Israel's part. For US part, it is petro-dollar.

US dollar is appointed currency in oil trading. Because the oil trade is a huge business, a large amount of dollar is locked up in that trade. That money is called petro-dollar. Why it is so important to US? Because it acts as a long term none interest loan The prosperous US economy partly was based on the petro-dollar - a long term loan without interest. Let me depict it in this way:

US bought a house from Japan (whom represents the oil customers of Iran) for one million dollars. US also bought another house from France (whom represents other oil customers of OPEC) for one million dollars. Japan and France use these two million dollars as fund to buy oil. The money was used in oil trading circle and never back to US. US enjoys the two houses almost free. He doesn't have to pay monthly mortgage payment. Not a penny for interest, nor for principle. All the cost was the printing of a green back paper. However, that green back paper - petro dollar, is still a debit note. How long is it? So far it's more than forty years - since dollar became the appointed oil trade currency.
But suddenly, Iran refuses to accept dollar. Japan has to ask US to exchange that one million dollar into Euro or yen. What US can do is: 1. to get the dollar back by export more merchandise. But he is not able to. He has a trade deficit already. 2. To get the dollar back with gold or foreign currency reserve. But he hasn't that much reserve. 3. To lock up that extra one million dollar in US Bond by raising the interest rate to attract the buyer. But he unwilling to do it. There is a sub-prime crisis in real estate market. Any interest increase will further devalue the house. Feds holds a large amount of real estates in my case, they don't allow such thing to happen. So to solve the problem, they go to the fourth option. 4. By pushing up the oil price.

France (other oil consumption countries) keeps one million dollar as oil trading fund. How much does he need if the oil price doubled? Two million. Thus the one million dollar Japan abandoned is absorbed by France. That's why the oil price jumped like crazy in recent days - a tricky way to keep US dollar from collapsing.

US has to pay for high oil price too. Ordinary people bear the cost. But the high oil price will hurt the economy. The condition won't last long. So war on Iran is unavoidable.
Of course, US is a "democratic" country. It can't start a war because others refusing to use its currency. Then beware of another 911 style false flag attack.

We know there was an incident of live nuclear head weapons being carried over the continental US by a B-52 last August. There is attempt of dirty bomb attack in Houston this year.

Quote, "State of Emergency: The US in the Final Six Months of the George W. Bush Administration
by Lewis Seiler and Dan Hamburg

June 13, 2008 by CommonDreams.org
.......

Former National Security Agency analyst and naval intelligence officer Wayne Madsen has been in Houston investigating the Carnaby case at great personal risk. Madsen believes Carnaby was involved both in heading off a potential war with Iran (by leaking Mossad plans to assassinate Hezbollah leader Hassan Nasrallah just days before Carnaby himself was killed) and in trying to forestall a potential terrorist attack on the port.

According to Madsen, “federal agents in Houston fear that ‘another 9/11-type part false flag’ attack is imminent, perhaps as early as July 4.”.......

http://www.commondreams.org/archive/2008/06/13/9596/

[katsung47]

The Nail In The Petrodollar Coffin: Gazprom BeginsAccepting Payment For Oil In Ruble, Yuan

Submitted by TylerDurden on 08/27/2014

Several months ago,when Russia announced the much anticipated "Holy Grail" energy dealwith China, some were disappointed that despite this symbolic agreement meantto break the petrodollar's stranglehold on the rest of the world, neitherRussia nor China announced payment terms to be in anything but dollars. Indoing so they admitted that while both nations are eager to move away from a USDollar reserve currency, neither is yet able to provide an alternative.

This changed in lateJune when first Gazprom's CFO announced the gas giant was ready to settle Chinacontracts in Yuan or Rubles, and at the same time the People's Bank of Chinaannounced that its Assistant Governor Jin Qi and Russian central bank DeputyChairman Dmitry Skobelkin held a meeting in which they discussed cooperating onproject and trade financing using local currencies. The meeting discussedcooperation in bank card, insurance and financial supervision sectors.

And yet, while bothsides declared their operational readiness and eagerness to bypass the dollarentirely, such plans remained purely in the arena of monetary foreplay and thelong awaited first shot across the Petrodollar bow was absent.

Until now.

According to Russia'sRIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed toexport 80,000 tons of oil from Novoportovskoye field in the Arctic; it willaccept payment in rubles, and will also deliver oil via the EasternSiberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan forthe transfers. Meaning Russia will export energy to either Europe or China, andreceive payment in either Rubles or Yuan, in effect making the two currenciesequivalent as far as the Eurasian axis is conerned, but most importantly,transact completely away from the US dollar thus, finally putin'(sic) in actionthe move for a Petrodollar-free world.

http://www.zerohedge.com/news/2014-0...oil-ruble-yuan

[katsung47]

10/15/2014

Banned From U.S. Banks, Russian Oil Giant Turns ToEven Bigger Banks In China

Russian state ownedoil company Gazprom is turning to China for foreign sources of capital now thatthe U.S. and European financial markets are closed to them.
Beijing is trying toopen its capital markets, and lending to foreign institutions is par for thecourse. Gazprom make for a solid borrower, with tons of collateral in the formof gold…black gold that is. For Gazprom,Chinese interest rates aren’t as low as what Western banks can offer. But theyare still more attractive than Russian banks. China’s benchmark interest rateis 6%, while Russia’s rate is 8%.

http://www.forbes.com/sites/kenrapoz...rtner=yahootix

[Loki]

So whatever happened to the US economy collapsing? It seems the ruble is the one in freefall?

[Steely Glint]

I thought this guy was going to stick to one thread.

[earthJoker]

The title is actually wrong. Russians are abandoning the Ruble.

[Loki]

I thought this guy was going to stick to one thread.

Given his disregard for past agreements and forum rules, I think it would be better if he sticks to zero threads.

[katsung47]

That's how US to deal with those who are against the dollar. There were Iraq, Libya. Now it's Russia.

The Cost Of Putin’s Ukrainian Adventure: Russia’sCurrency Is Plummeting

The Russian ruble isworth 41% less, in dollar terms, than it was on January 1. U.S. and E.U.sanctions, plus a big drop in oil prices, are to blame. posted on Nov. 6, 2014,
The Russian currency,the ruble, has plummeted this year, hitting fresh lows of 46 rubles to thedollar on Thursday. It traded at 40 rubles to the dollar just in the lastmonth, and has depreciated 41.8% this year.

That means that ifyou had $100 worth of rubles on January 1, they would be worth less than $60today.

http://www.buzzfeed.com/matthewzeitl...-currency-is-p

[katsung47]

Russia falls in US' oil trap, or US falls in"Putin's gold trap? Interesting article to read.
Grandmaster Putin’s Trap

Thu, Dec 25, 2014

Russia, United States
By DmitryKALINICHENKO (Russia

Despite numeroussuccess reports in the style of Fox News and CNN, today, Western economy, ledby the United States is in Putin’s trap, the way out of which no one in theWest can see or find. And the more the West is trying to escape from this trap,the more stuck it becomes.
http://orientalreview.org/2014/12/25...r-putins-trap/

[katsung47]

Russia still adding to gold reserves big time

With an addition of18.7 tonnes in October, Russia continues to build up its gold reserves.

Author: LawrenceWilliams
Posted: Friday , 21 Nov 2014

LONDON (Mineweb)-

The latestannouncement from the Russian Central Bank shows that the nation is stillaccumulating gold at a high level. Total gold reserves according to figurescompiled by Nick Laird of www.sharelynx.com have now reached 1,169 tonneshaving been expanded by a further 600,000 ounces (18.7 tonnes) in October.
http://www.mineweb.com/mineweb/conte...0489&sn=Detail

[katsung47]

Currency Wars – Russia and NetherlandsCentral Banks Buy 30.34 Tonnes Gold In December
By GoldCore Research/ January 27, 2015

Russia andsurprisingly the Netherlands were the largest central bank buyers in December –accumulating a significant 30.34 tonnes between them as currency warsintensify.
The Netherlands,which has the ninth-biggest gold reserves, raised its bullion holdings for the first time in 16 years. Itadded 9.61 tonnes to bring total goldreserves to 622.08 tonnes.

Russia raised itsgold reserves for a ninth straight month in December as the country continuedits multi month gold buying spree, adding to the fifth-biggest gold holdings inthe world, data from the IMF showed yesterday.

Russia continues todollar cost average into gold and increased its bullion holdings by anotherhefty 20.73 tonnes to 1,208.23 tonnes in December.
http://www.brotherjohnf.com/archives/368066