Russia Will Abandon the US Dollar as a Reserve Currency - Goldbugs: Get Ready!Submitted by goldenequity on Tue, 03/04/2014 - 07:22
We HAVE your Natural Gas. Got Gold? (pssst Germany.. you might want to contact Yellen about your bullion again.)
Russia will abandon the US dollar as a reserve currency if the United States initiates sanctions against the Russian Federation,
--- Presidential advisor Sergey Glazyev told Ria Novosti news agency.
BRIC Brazil, Russia, India, China
“We will be forced to go to another currency and create our own payment and settlement system. We have a fantastic trade and economic relationship with our partners in the east and south, and we’ll find a way to not only reset our financial dependence on the US, but come out from these sanctions with an advantage for ourselves,” he said.
“Efforts to declare sanctions against the Russian Federation will result in the collapse of the US financial system, which will entail the end of US dominance in the world financial system.”