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Russia and Iran Now OFFICIALLY Talking of Dumping Dollar for International Trade
Washington’s Blog
Sunday, Oct 18th, 2009
After the Independent reported that Middle Eastern oil producers, plus China, Japan and France have all agreed to start trading oil using a basket of currencies – instead of the dollar – starting in 9 years, spokesmen for those governments denied it.
The Independent’s reporter explained why the governments were denying the rumor.
But now the governments themselves are starting to admit that they are switching out of the dollar.
For example, Russian Prime Minister Vladimir Putin said Wednesday that Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings. As Russia’s newspaper RIA Novosti writes:
Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.
The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis.
“Yesterday, energy companies, in particular Gazprom, raised the question of using the national currency. We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans,” Putin said.
And Iran’s Press TV reports that Iran wants to completely drop the dollar from its foreign exchange:
Since October 2007, Iran has received 85 percent of its oil revenues in currencies other than the US dollar and Tehran is determined to find a substitute for the US dollar for the rest of its 15 percent of oil revenues, the report added.
This story is confirmed by the Tehran Times, which notes:
As I have repeatedly noted, many countries have been moving out of the dollar for years. The process is simply accelerating.
In line with this plan, Iran has informed Japan that it should use the yen instead of dollars to pay for the oil it buys from the Islamic Republic.
In addition, Iran has decided to open a bourse for oil and gas transactions in currencies other than the U.S. dollar, especially the euro.
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October 18th, 2009 at 6:17 am
So, if refusing to sell oil in dollars was the real for attacking Iraq – I wonder where this could lead into…
Quacksilver Reply:
October 18th, 2009 at 6:18 am
oops – I meant to say “the real REASON”…
Glen Reply:
October 18th, 2009 at 9:06 pm
amerika has a proven track record, attack and control or destabilise any small nation with oil.
The point of the war in the middle east is therefore not the oil itself but the transfer routes and ensuring the trade is in USD.
Wonder what will happen in South America when the Fascist States of amerika gets around to them.
burnout the rich to keep warm Reply:
October 19th, 2009 at 5:07 am
“I wonder where this could lead into…”
perhaps the same that lead to the unjust invasion and murder of hapless iraqi’s, when saddam, (america’s partner in an aggressive war with iran) ? stated in the year 2000 “iraq wants to trade in euro’s, not US dollars”. just a guess. the rest is history.
i’ll refrain from any anti US banter as it might upset the thinner skinned people that post here.
today was sunny and hot, here in a land i will not claim as “mine”
October 18th, 2009 at 6:46 am
Iran wants to stop using the dollar as a political f--- you to the US. For Russia and the others it’s just common sense the us is printing money to pay it’s debts. This is theft from anyone using dollars. They have no power to stop the US from printing, So the only way stop America stealing from them is to not use America’s currency. If only we could do the same.
October 18th, 2009 at 7:35 am
This should confirm the idea that the entire world is involved in this Global Order and by them dumping the Dollar helps the Global elite in destroying the Dollar so that they can soon emerge the new Global Currency that will replace the Dollar as the Worlds reserve currency.
Since 1913 you have all been swindled into paying the INCOME TAX and there is NO LAW requiring you to pay for every penny earned by the natural born people in America, they have just made this a grand illusion and you are the centerpiece for their profiteering from YOUR HARD WORK.
Welcome to AMERICAS NIGHTMARE! DESTROY THE FED! STOP PAYING INCOME TAXES!
Chopper Reply:
October 19th, 2009 at 5:13 am
The international governments had planned to devalue the US dollar during September (from a very reliable source). The health care plan and cap and trade bills were supposed to have passed and become law before the August recess. But, the American public were awakened and starting protesting on the streets.
Say what you will about the tea parties, but those “tea baggers” are the reason why the global elitists did NOT win.
Rather than fight with fellow Americans (or our international counterparts), join forces. So what if they don’t believe everything about the Illuminati? If they are fighting against the corrupt politicians, we have joined in numbers. They are just beginning to wake up.
October 18th, 2009 at 9:29 am
I think what we are seeing is a paradigm shift from nationalistic monopolists and uber-rich entities screwing their own populations using their government control, to one of multi-national entities and criminal syndicates working together to fleece not only the US, but much of the rest of the world. That’s cross-border screwing, which changes the nature of the mercantilism, but not the effect.
Remember, mercantilism is a zero sum game. For the special interests to win, everyone else has to lose. They don’t invent new technologies or streamline existing ones to create profits where none existed before. They cheat the population out of riches using government assisted theft. Witness Matt Taibbi’s latest in Rolling Stone. He gets it. “They” are allowed to fleece all other participants in the market, with a blind eye turned by regulators and elected officials. “They” also control the structure of clinical trials, the better to create data that supports their position, and can pay millions to researchers to rubber stamp the results. “They” know in advance when the boom and bust cycles created by the Fed’s manipulation of money supply and interest rates will start and stop, so they can frontrun that and further make fortunes.
This is basically good old European mercantilism cast in a much more lethal American variant. It’s anti-free trade, anti-competition, anti-middle class. Why? Because when the middle class becomes too prosperous, they can compete with the special interests, and monopolies hate competition. Same goes for free trade – god forbid they have to compete globally.
No, we just saw it at work on Wall Street when Bear and Lehman were executed – leaving the most powerful entrenched interests even more powerful and monopolistic.You also see it in the way the SEC works. They won’t investigate who made hundreds of millions front running the Bear and Lehman take downs, but they will go after some competitive hedge fund (not in the inside of the club) for cheating and making a few million.
It isn’t even subtle or mistakable any more. It is as blatant as at any time in history, and is also why the ROW already is distancing itself from the most corrupt market, system, and elected officials ever seen in a first world country. You can’t behave like Bolivia and expect your currency to be robust. You can’t partner with international criminal syndicates and expect to take a high moral tone with any conviction.
This is coming apart.
blitzcrowd Reply:
October 19th, 2009 at 12:20 am
Nicely put. If you haven’t you should read World Without Cancer, G. Edward Griffin. The second part of the book explaining how and why known cancer cures are suppressed is a definite eye opener.
Basically you have 2 to 3 chemical cartels in the world. Rockefeller is one of them, old IG Farben of Nazi Germany is another. They control chemicals (plastics, oil, pharma, dyes, ammunition, the food industry, fertilizers) which basically means they control nearly everything.
October 18th, 2009 at 9:38 am
Rev 18:2 And he called out with a mighty voice, “Fallen, fallen is Babylon the great!
It has become a dwelling place of demons, a haunt of every foul spirit. (paraphrased)
Rev 18:3 For all the nations have drunk the wine of her impure passion, the merchants of the earth have grown rich. (paraphrased)
Rev 8:8 So shall her plagues come in a single day, pestilence and mourning and famine,
and she shall be burned with fire. (paraphrased)
Rev 9 In one hour has thy judgement come. (paraphrased)
This could be America & soon….
October 18th, 2009 at 12:19 pm
Proofreader, you are right on the money. Sane, before our lovely nwo switches to cashless society, I believe Russia and Iran hitting nwo where it hurts, when vulnerable and in transition. Iran doesn’t like sanctions, so retaliating and saying, Take that Mystery Babylon. And Mystery Babylon will burn in one hour very soon. The master is very serious right now and very angry at Sodom and Gomorrah (alot of America) spitting in His Face and mocking Him. Only His kids who stand on the Rock (pure Word–Geneva Bible) survive. Get ready, get ready, it’s going to get ugly soon. Stay strong.
October 18th, 2009 at 4:12 pm
Well, if they don’t want our dollars, let’s nukem!!!! “jus kiddin, sorry!
October 18th, 2009 at 4:32 pm
The US dollar is toilet paper in many US homes.Why should reasonable citizens of he world put the used currency in their wallets. The fact is that everyone is tired of being cheated,robbed blind and at the same time insulted by repobate devilish putrid American government and diabolical Fed ‘dollar printing press’ controlled by ghouls of hell
October 18th, 2009 at 5:50 pm
What we need is a repeat of 1776. We should declare the united States and its people INDEPENDENT from, what has become over the past century, a tyrannical and despotic government. Those traitors in government who have sold “We The People” for personal profit, political gain, and celebrity status should be investigated and put to trial according to the only Supreme Law of the Land… OUR CONSTITUTION. As humans we have NATURAL BORN RIGHTS. Some of these enumerated in our Constitution. To infringe on these individual and personal rights and liberties is a violation of our Law. It is a violation of the Oath of Office they willingly swore. It is also an affront and a violation of NATURE. These criminals must be stopped before their power becomes too great, if it has not already. Fighting amongst ourselves only gives credence to those in power that we must be put down. Waiting for them to repair the damage themselves only gives them more than ample opportunity to crush us further under the weight of their punishing “authority”. It is time for we the people to come to terms with ourselves, and come to an agreement that the government that is in power now, and the government that has been for many years, is no longer representative of the people who bestowed authority upon it. It has become clear that our government has turned from upholding the Constitution which was ratified to protect the rights of individuals FROM government to only serving its own interests. These interests seem only to be to preserve the grip of Government on the people, to become wealthy off of the people they are supposed to enrich, and to protect only this monstrosity that is the government itself. The time is now to rise, embrace our duty as citizens of our respective States and of the States united under our Constitution, to throw off the chains of our selfish endeavors, and reclaim our Families, our Property, our Homes, Cities, States, and our Country, including its government for the good of ALL citizens of ALL states, abolish all of its tyrannical statutes and institutions, and bring justice to the living who are responsible, and accountability to those who have responsibility who have since passed. The time is NOW. Let Freedom Ring!
Glen Reply:
October 18th, 2009 at 9:14 pm
How many states have even taken the first step.
A number have introduced legislation to withdraw all power from the fed not granted them by the constitution.
You americans need to get grass roots groups in Every state introducing legislation repeatedly for ever until this is done nation wide.
When the states have power again the tyrany of the fed will at least be weakened if not fall apart entirely
October 18th, 2009 at 8:43 pm
U.S. invades Iran! Thanks Guys. …annnnnd when they unhinge their currencies America becomes the world manufacturing superpower again as the U.S. government releases its hidden tech all at once. Nothing ever changes people, ever.
October 19th, 2009 at 9:05 am
Good luck, Captain. U.S. has kicked Yahshua OUT, so here comes Revelation 17 and 18. Mystery Babylon (Great America) will burn. All of California, Las Vegas, all of Florida, and NY City, all in one hour. These places Sodom and Gomorrah. Very soon. Mark my words. He speaks in visions and dreams and NEVER lies. Stock up on food!!!
denise Reply:
October 31st, 2009 at 12:55 am
you, are a f---ing idiot……….
October 25th, 2009 at 3:47 am
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