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Europe |
Putin says US itself killing dollar as reserve currency |
2021-10-14 |
[RT] Washington itself is undermining the US dollar as the world’s reserve currency by using it as an instrument of sanctions abroad, while raising the national debt and inflating at home, said Russian President Vladimir Putin![]() . "It seems to me that the United States is making a very big mistake by using the dollar as a sanctions instrument... by preventing payment in dollars for the sanctioned products," Putin told CNBC’s Hadley Gamble on Wednesday, after a panel at the Russian Energy Week.Countries facing US sanctions, like Russia, "have no other choice, we are simply forced to switch to settlements in other currencies," he added. Gamble had asked about the possibility of using cryptocurrencies such as Bitcoin to sell oil and gas, something Putin welcomed in principle but said it was "too early," citing crypto’s volatility. Russia is happy to use dollars in energy trade — for now — and has now plans to ditch the US dollar entirely, Putin noted, but "if the policy of the American authorities continues... then we will not have to do anything, the US will itself undermine confidence in the dollar." |
Posted by:Fred |
#7 DC is a parasite infestation. |
Posted by: Ebbomoger Speaking for Boskone4589 2021-10-14 18:34 |
#6 Deliberately too |
Posted by: DarthVader 2021-10-14 08:52 |
#5 Here come da stagflation. Another commodity supercucle, even. That's great news for Russia, the Russian people and for the stock prices of Russian oil, gas and metals companies. (Also for investors in South Africa's leading palladium-platinum-gold-lithium miner SBSW...) |
Posted by: Patriot 2021-10-14 07:44 |
#4 American commie movement - better to reign in hell than serve in heaven. |
Posted by: Procopius2k 2021-10-14 07:22 |
#3 Its starting to get scary when Putin, a former KGB agent of the USSR, is making more sense that those in Washington DC. |
Posted by: NN2N1 2021-10-14 07:20 |
#2 Gamble had asked about the possibility of using cryptocurrencies such as Bitcoin to sell oil and gas, something Putin welcomed in principle but said it was "too early," citing crypto’s volatility. Also tells you he knows something about investments. Currency valuations cannot be depended upon. Land prices on the other hand have historically trended upward. |
Posted by: Besoeker 2021-10-14 05:51 |
#1 He ain't wrong. The dollar has just become another weapon in the hands of our elites, to accomplish their goals at the expense of our own. |
Posted by: Omomolet Phutch9064 2021-10-14 05:23 |