Putin sets deadline for dropping the dollar, requiring rubles for energy exports
(Natural News) Regardless of what you think about Putin’s morals or ethics, he is a genius strategist whose intellect is vastly superior to Joe Biden’s. Putin latest move threatens the very future of the dollar (fiat) currency and may spell the beginning of the end for the dollar.
Beginning this Friday, Russia will only accept rubles, gold or bitcoin as payment for energy exports to “unfriendly” countries. No dollars or euros will be accepted. And why should Putin accept dollars or euros anyway, given that the western financial system has told Putin he can no longer use dollars or euros to purchase anything.
As a result, Putin is demanding rubles, gold or bitcoin. And that means the Russian ruble is now backed by commodities exports, making it a currency backed by something real. If you buy rubles, in other words, you can trade those rubles for natural gas or oil.
As Natural News previously reported:
In a video posted to social media, Putin blasted the “theft” of Moscow’s resources and mocked the notion that first-world currency reserve holders are “reliable.”
“Let me reiterate, the whole global economy and trade have suffered a major blow, as did the trust in the U.S. dollar as the main reserve currency” of the world, the Russian leader says in a translated clip.
“The illegitimate freezing of some of the currency reserves of the Bank of Russia marks the end of the reliability of so-called first-class assets,” he added. “In fact, the U.S. and EU have defaulted on their obligations to Russia. Now everybody knows that financial reserves can simply be stolen.”
Read the entire article here:
https://www.naturalnews.com/2022-03-29-putin-sets-deadline-for-dropping-the-dollar-requiring-rubles-for-energy.html
