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Russia Warns It Could 'Reduce to Zero' Economic Dependency on US

Moscow (AFP) - Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a "crash" if this happened.

"We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," said Kremlin economic aide Sergei Glazyev.

He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its "wonderful trade and economic relations with our partners in the East and South."

Russian firms and banks would also not return loans from American financial institutions, he said.

"An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system," he added.

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ecorob's picture

I wish they would.

Lets get to it.

We in the US might also understand a new model. At least, made new again.

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

When goods do not cross borders...

soldiers do...

...except the Russian soldiers are already here.

Imagine deflation so that a dollar is worth a dollar.

For those of us who saved our whole lives and lived without debt, it would be so sweet to finally be rewarded for not living beyond our means. Can you imagine .30 a gallon of gas, a dozen eggs for .50 and so on? Wow I hope we see it in our lifetime. Kill the banks.

beephree

Apart from the fact that this

Apart from the fact that this situation could have devastating results, it is incredibly fascinating watching this chess match.

I say bring it

let's take our medicine now and get it over with.

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

Cyril's picture

^^^ BUMP.

^^^ BUMP.

It is overdue this country finally vomits the deadly poison it was forced to ingest for decades.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Exactly.

Exactly.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

complete economic

complete economic independence and isolation from the US ... i think not ... however we don't really produce anything unique these days ... or produce much of anything at all. There's nothing we make that Russia demands that other nations cannot provide.

All paper money eventually returns to its real intrinsic value, zero. - Voltaire

Cyril's picture

Go for it, aunt Russia!

Go for it, aunt Russia!

Help make this $FRN Ponzi scheme SH:T collapse!

It won't necessarily be the end of America, only the SPANKING the American people needs to wake up - for good.

CRASH THIS DAMN PLUNDER-O-MATIC THING, for liberty's sake!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Putin understands that...

when you've got'em by the short hairs...their hearts and minds will follow. China knows that too.

I believe this is the beginning of the end for American hegemony and the petro dollar.

Crimea river

That's what the Russians are saying.

X ]

how bout

them puppies !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!