Russia Is Doing It – Russia Is Actually Abandoning The Dollar

Real News, real Issues. Russia IS NOW Actually Abandoning the Dollar. He has called their bluff.

Now if you couple this with the Gold and other metals scandal being reported in China, this will have a explosive effect on liquidity in the western banks as the timing of disclosure seems to be in unison. So is this a quiet way of making a western weakness, a western problem while the Chinese stand back, is not known. However, it sure looks like a shot across the bow at an opportune moment.



The Economic Collapse
By Michael Snyder
10 June 2014

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

When Barack Obama decided to slap some meaningless economic sanctions on Russia a while back, he probably figured that the world would forget about them after a few news cycles.

But the Russians do not forget, and they certainly do not forgive.

At this point the Russians are turning their back on the United States, and that includes the U.S. dollar.

What you are about to read is absolutely stunning, and yet you have not heard about it from any major U.S. news source. But what Gazprom is now doing has the potential to really shake up the global financial landscape. The following is an excerpt from a news report by the ITAR-TASS news agency...

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