Carlin: Wall Street Owns Washington

RUSSIA Now Fully Commited With Rest of BRICS To DESTROY Reserve Currency Status Of DOLLAR


The status of the US dollar as the world reserve currency gives the US a number of advantages over other countries. The world’s most important commodities are priced and traded in dollars, even if most of these commodities are not produced in the US. The fact that the world’s financial system is based on the dollar allows the Federal Reserve to export inflation to other countries, while the Federal Government runs a huge deficit with impunity.

So far, only China has been active in challenging the dollar supremacy. .. Now, it seems that Beijing has found an ally in the Kremlin. And there appears to be a consensus between the BRICS countries: the urgent necessity to dismantle the dollar system.

A week before the recent BRICS summit in Durban, the Kremlin administration has silently produced a document which describes the Russian strategy in the context of BRICS cooperation. The document makes for a fascinating read for anyone brave enough to plow through the dense Russian legalese. The strategy has been designed in the “inner circle” of Vladimir Putin’s team, so it is safe to assume that it represents the official view on the BRICS future.

In Russia, politics are Byzantine; the fact that the Kremlin decided not to hide the document or leak it to a chosen few journalists, but publish it outright is a very strong signal, a very vocal angry signal directed at the US. A signal that the Western media chose to ignore…

The goals are clear. In the section titled “Strategic goals,” the first point on the BRICS’ agenda is the reform of the world financial system in order to make it “fairer, more stable, and more efficient.” In the later chapters, it is spelled clearly that this “reform” is actually a dismantling of the dollar system.

It is worth noting that the place of this issue in the list of the BRICS’ priorities speaks volumes about its importanceJudging by the order of priorities, depriving the dollar of its status as the world reserve currency is more important than “preventing breaches of sovereignty” (a.k.a. the “Syrian problem”) or “expanding economic cooperation.”

Read more:

http://www.testosteronepit.com/home/2013/5/12/russias-plan-for-the-brics-to-dismantle-the-dollar-system.html

 

BRICS should turn into 21st century global forum

Russian experts believe political cooperation between the BRICS will continue to grow with the countries gradually drifting towards the development of a mechanism of coordination primarily in politics.
‘The world is in a state of financial war’ – Russian presidential advisor

  • Goyim

    Go Russia!Smash it to pieces.Kill the beast before it`s too late.

  • Vox

    Russia finally rid itself of jewish communism. Now it is time to rid the world of it – once and for all. Too bad China is still committed to it. Maybe someday China will throw it off as well. They are at least done with jewish usury.

  • Miguel Grande

    I would like to thank John Kerry for a remarkable piece of international diplomacy. Who said we would miss Hillary?