categoryMenu_new
 
  Home
  EXTRAORDINARY AH Teaching from Spiritual Hierarchy
  AbundantHope
  NEW READERS! Read Here First
  Supporting AH
  Leadership of AbundantHope
  Announcements
  Regional AH Sites
  Other Sites with AH material
  Contact Us
  Becoming A Messiah
  OUR PUBLIC FORUM IS OPEN TOO ALL
  Mission Ideas
  System Busting
  Cleric Letter/English
  Translations of Cleric Letter
  AH Member Writings
  Candace
  Ron
  Rosie
  Jess
  Brian's Poetry
  James
  Giuseppe
  John Taylor
  Esteban
  Telepathic Messages
  Candace
  Jess Anthony
  Vince
  Leonette
  John
  Adam
  Bela
  Joyce
  Hazel
  Kibo
  Peter
  Rosie
  Johan
  Lucia
  Lucia G
  Rubens
  Shellee-Kim
  Ben
  Dorothea
  Solon
  Others
  Targeted Messages
  Hano
  Light Flower
  Changing The Face Of Religion
  - Phoenix Journals - PDF in German
  Candace on Religion
  Other Spiritual Pieces
  Spiritual Nuggets by the Masters
  Phoenix Journals
  Phoenix Journals - PDF
  Telepathic Messages PDF books
  Selections from the Urantia Book
  CMGSN Pieces
  THE WAVE
  David Crayford and the ITC
  Environment/Science
  Health and Nutrition
  Podcasts, Radio Shows, Video by AH
 
  Political Information
  True US History
  Human/Animal Rights
  The Miracle That Is Me
  Education
  Resources
  911 Material
  Books - eBooks
  government email/phone #'s
  Self Reliance
  Video
  Websites
  Alternative News Sources
  Art and Music
  Foreign Sites
  Health and Healing
  Human/Animal Rights
  Scientific
  Spiritual
  Vegan Recipes
  Translated Material
  Dutch
  Gekanaliseerde berichten Jess
  Gekanaliseerde berichten Candace
  Gekanaliseerde berichten Anderen
  Artikelen/berichten
  French
  Canal Jess
  Par Candace
  Other Channels
  Articles
  German
  Telepathische Nachrichten (Candace)
  Telepathische Nachrichten (Jess)
  Telepathische Nachrichten (div.)
  AH Mitgliederbeiträge (Candace)
  AH Mitgliederbeiträge (Jess)
  Spirituelle Schätze
  Italian
  Translations - Candace
  Translations - Jess
  Translations - Others
  Portuguese
  by Candace
  By Jess
  By Others
  Spanish
  Anfitriones Divinos
  Bitácoras Fénix
  Creadores-de-Alas (WingMakers/Lyricus)
  Escritos de Candace
  Escritos de Otros
  Monjoronsón
  Telemensajes de Candace
  Telemensajes de Jess Anthony
  Telemensajes de Otros
  Chinese
  By Candace
  By Jess
  By Others
  Korean Translations
  Hungarian Translations
  Swedish Translations

Search
[an error occurred while processing this directive]
Political Information Last Updated: Oct 10, 2017 - 6:44:41 PM


CONFIRMED: Turkey and Iran to Conduct Bilateral Trade in National Currencies
By Adam Garrie
Oct 10, 2017 - 6:32:51 PM

Email this article
 Printer friendly page Share/Bookmark


Russia has stated that it seeks to lessen its dependence on the US Dollar as well as the overall US controlled financial system. Russia seeks to do this by increasing bilateral trade with other nations in local currencies.

Russia has already signed agreements with China and Turkeyto begin trading goods in local currencies while proposals have been made by Ankara for Russia, China, Turkey and Iran to all begin trading in local currencies rather than the US Dollar.

Russia's largest state-owned bank Sberbank has begun trading gold on the Shanghai Gold Exchange, a move that will see Moscow and Beijing which enjoy large and frequent bilateral trade, move further away from the US Federal Reserve and the notes it issues.

Today, Russian Deputy Foreign Minister Sergey Ryabkov issued the following statement on currency independence,

"We, of course, will intensify work linked to import substitution, reduction of some dependence on US payment systems, the dollar as payment currency and so on. This is becoming a necessity.

It is important for us to create efficient economy schemes that would ensure smaller dependence on the dollar, on the US monetary system".

Sputnik further reports,

"In early July, Russian President Vladimir Putin and China's leader Xi Jinping agreed to continue consultations on a wider use of national currencies in mutual payments and investments. Negotiations on the use of national currencies in bilateral trade have also been discussed with India, Iran, Turkey.

On August 2, US President Donald Trump signed into law the "Countering America's Adversaries Through Sanctions Act" that levies new sanctions against North Korea, Iran and Russia. The sanctions over Russia's alleged meddling in the 2016 presidential election target the country's defense and economic sectors and restrict dealings with Russian banks and energy companies. The law also limits the US president's ability to ease any sanctions on Moscow by requiring Congress' approval to lift any restrictions".

Dumping the Dollar as a currency for bilateral trade could be Russia's strongest weapon against US sanctions. Due to the implicit dependence of the US domestic economy on the global strength of the US Dollar as a trading and reserve currency, countries moving away from the Dollar and turning to either local currencies, metals or a combination thereof, could do serious and lasting damage to the United States. This could rightly be called a blow-back effect of sanctions that Russophobic and anti-Trump US Congressmen and women had not fully considered when voting in near unanimous numbers in favour of sanctions.

Anti-Federal Reserve campaigner and former Congressman, Dr. Ron Paul has spoken about how the sanctions could have a disastrous effect for the US Dollar and consistently, the domestic American economy.

https://www.youtube.com/watch?v=pPIYt5hJDyo

The US has previously taken drastic measures when foreign leaders decided to abandon the Dollar as a trading currency. In the year 2000, Iraq stopped trading its oil in the US Dollar, opting instead to trade in Euros, a move that a month prior to the US-UK illegal invasion of Iraq, was reported as having positive effects on the Iraqi economy.

Likewise, former Libyan Revolutionary leader Muammar Gaddafi's plan to begin trading in what would have been a pan-African gold backed Dinar was exposed in declassified emails as being a source of anger for then US Secretary of State Hillary Clinton who later masterminded the NATO war which illegally overthrow the Libyan government.

In 2011, the same year that the US and its allies invaded Libya, Dominique Strauss-Kahn, the then Managing Director of the IMF was arrested in New York on assault charges. The charges were later dropped but not before he was forced from his powerful position at the IMF while simultaneously ruining his chances to become the President of France. Prior to his arrest he was a favourite to win the Presidency.

Strauss-Kahn's flagship policy at the IMF was favouring something called Special drawing rights (SDRs), a trading value based on the aggregate value of 4 or 5 major currencies. If countries began using SDRs as a main trading vehicle rather than relying exclusively on the US Dollar, this could have greatly damaged the prestige and international value of the Dollar.

Why was Strauss-Khan arrested in a move which destroyed his pro-SDR career and then later fully exonerated of wrongdoing? The trend in relation to Saddam Hussein and Muammar Gaddafi speaks for itself.

Many link the US led wars against Iraq and Libya as being proximately related to the two resource rich states moving away from Dollar dependency.

Unlike Libya and Iraq, Russia and China are nuclear superpowers. Even if the US wanted to overthrow the governments in Moscow and Beijing, any attempts to do this would almost certainly lead to a nuclear world war.

The US has therefore boxed itself into a corner. By leaving Russia, China and their trading partners, including NATO member Turkey with no better option than to begin moving away from the Dollar, the US may well have cooked its own golden, or in this case, green goose.

The almighty Dollar is beginning to lose its might.

http://theduran.com/confirmed-russia-seeks-break-free-dollar-dependence/



 




All writings by members of AbundantHope are copyrighted by
©2005-2017 AbundantHope - All rights reserved

Detailed explanation of AbundantHope's Copyrights are found here


Top of Page

Political Information
Latest Headlines
From Russia to Hillary: Bribes, Extortion, Uranium and Lies
How Interlinked Corporations Rule The World
The First Amendment is Under Serious Assault in Order to Stifle Anti-Israel Boycotts
A Closer Look at the Sarkozy and Lafarge Cases
Monsanto Papers: EU/UK – Tactics, Manipulated Data, Hundreds Cancer Lawsuits Mount
Russia Triples Gold Reserves In Preparation For Full-Scale Economic War With The United States
‘Useful idiots?’ George Soros’ Prague Lobbyists Direct their Fire at RT Guests
British Musician Takes On Vaccine Issues With A Musical Video
John Brennan’s Police State USA
Ali Baba and the Forty Thieves Relocate to California
Harvey Weinstein First Major Jewish Pedophilia Domino in the USA
WHO Makes Mugabe 'Goodwill Ambassador'
McCain as a Metaphor
Body Language: Jeff Sessions Senate Hearing
Texas City To Residents: Sign Loyalty Oath To Israel Or No Hurricane Harvey Relief Funds
China-Ruble Settlement and the Dollar System
21st-Century Geopolitics Of Oceania: Australia
China and Thailand: Tank Tracks and Train Tracks
Monk & Disorderly: Thai Buddhists get Strict on Adherents after Financial, Sex Scandals
Emma Thompson Delivers Stomach-Turning Indictment of Hollywood: Weinstein Is 'The Tip of the Iceberg'