U.S. can't defend the dollar
13 Sep 2015 17:09

U.S. can't defend the dollar 

Russia has long planned to move away from the
U.S. dollar's stranglehold on international
commerce. This is why last year Russia made
an agreement with China to trade oil directly
without using dollars. It's also why Russia
has been using their dollar assets to buy
hundreds of tons of gold. But when the U.S.
imposed economic sanctions against Russia
last summer, it forced the nation to
accelerate its plans. Now for the first time,
Russia has unlocked $88 billion in reserves
and is actively converting it to rubles. Once
their exposure to dollars has been fully
eliminated, they will be ready to make their
final move Selling oil directly to any
country who wants it... in rubles or gold.
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Enchanted world of Mr Capital and Madame Land U.S. can't defend the dollar #OpenEconomy #2 - Devaluation cuts salaries
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