Breaking : Russia to Exit U.S. Dollar
Russia to Exit U.S. Dollar - Other Countries Likely to Follow
This morning, the Russian Finance Ministry publicly confirmed "Russia to exit from all Dollar assets in its Wealth Fund and to invest in Euros, Pound, Gold, Yuan instead."
The announcement was made by Russian Finance Minister Siluanov. Specifically, he outlined The Russian Ministry of Finance will introduce changes to the structure of the National Wealth Fund within a month, as the share of the US dollar will decrease to zero and the share of yuan will grow to 30 percent.
"Just as the Central Bank, we made a decision to reduce the National Wealth Fund investment in dollar assets ... We made a decision to abandon the dollar assets completely and to increase the share of euro and gold instead. The share of Dollar will amount to zero, Euro will be 40 percent, Yuan will be 30 percent, gold will be 20 percent, Pound and Yen will be 5 percent each," Siluanov told reporters at the St. Petersburg International Economic Forum (SPIEF)."
According to the finance minister, this will happen "quite quickly, within a month."
News of this type is not something that catches the attention of the average American but the EFFECT of Russia's decision will absolutely hit EVERY American. The dollar is the main Globo-American weapon.
Every economy will need to de-dollarize itself to neutralize that U.S. weapon. This will be necessary to allow return of functioning healthy economy and to neutralize American political interference around the world. Once countries de-dollarize, the USA will have no economic method to misuse as a way to push other countries around.
This was originally proposed in August 2020 to the BRICS economic alliance (Brazil, Russia, India, China, and South Africa) in a story titled "Russia calls on fellow BRICS countries to DUMP US DOLLAR in favor of trade in national currencies"
While at the moment Russia is not a big economic player, they are an enormously powerful country as far as military might, and their action today will embolden other countries to do the same.
Saudi Arabia is now settling oil contracts in Yuan and that trade has been rapidly growing.
Now copper contracts will start settling in Yuan as well.
The next step is super doom, Russia and China will exit the petro dollar.
Once that takes place, other countries will stampede into other currencies that oil can be traded in, and they will DUMP their Dollar currency reserves.
All those Trillions of dollars will come flooding back to the United States in such enormous amounts, it will instantly trigger hyper-inflation and literally wipe out the value of the U.S. fiat currency.
We may even see a mass exodus from the dollar as soon as Q2 ‘22.
The Bankers will never stand for this. It will mean war on a global scale to prevent this from happening.
This announcement by Russia, comes right after the Bilderberg Group meeting.
Economic wars always turn into real wars. So if the Vax fails to cull the herd, look for WW3. Coming soon!