Putin Declares Total Independence From US Dollar

President Putin has vowed to continue “unburdening” Russia’s economy from the dangerous monopoly of the US dollar in order to ensure Russian sovereignty in an increasingly globalized world.  

President Putin has vowed to continue “unburdening” Russia’s economy from the dangerous monopoly of the US dollar in order to ensure Russian sovereignty in an increasingly globalized world.  

Addressing the Russian Parliament following his inauguration, Vladimir Putin said that declaring “total independence” from the global banking cartel would be the “greatest gift” he could give to future generations.

“We used to behave naïvely, but now we see that the WTO [the World Trade organization] rules are all too often broken, the restrictions are imposed for political reasons, which they call sanctions. Plus more and more of them are imposed to secure its favorite competitive advantages,” Putin said.

He stated that the new “restrictions,” breaking the world trade principles, make the world see that monopoly of the US dollar is dangerous for many regions. According to him, de-dollarization should be promoted on principle, in order to preserve the country’s sovereignty.

While Putin did not name an alternative currency, it is believed he is against any currency becoming a quasi world currency — especially if that currency is pushed by the International Monetary Fund and WTO.

The International Monetary Fund (IMF) and World Bank have been major players in the global economic landscape ever since their creation in 1944. These international banking organizations first pressure nations to deregulate their financial sector, allowing private banks to loot their economies.

Once the governments are forced to bail-out their deregulated financial sector, the IMF or World Bank sets up a loan package written in secret by central bankers and finance ministers that undermine their national sovereignty and force them to adopt policies of austerity that harm workers, families, and the environment.

Russia were the first country to grow wise to the ruse. They have worked hard to gain financial independence and have now completed the process.

Baxter Dmitry

Baxter Dmitry

Baxter Dmitry is a writer at Your News Wire. He covers politics, business and entertainment. Speaking truth to power since he learned to talk, Baxter has travelled in over 80 countries and won arguments in every single one. Live without fear.
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Baxter Dmitry