Putin Targets US Monetary System: “Aims to Eliminate the US Dollar and the Euro From Trade”

• Putin Targets US Monetary System: “Aims to Eliminate the US Dollar and the Euro From Trade”
  by Mac Slavo, http://www.shtfplan.com/  
  Last year Russia began unloading massive amounts of their US dollar reserves. In the month of December 2014 alone Putin sold some 20% of the country’s U.S. Treasurys, a move that further increased tensions surrounding what can only be described as economic warfare between East and West.
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  Then, as if part of a coordinated effort, this summer it was revealed that China had implemented a similar strategy, dumping half a trillion in dollar denominated assets.
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  But that’s just the beginning of the end for the US dollar. Amid a major meltdown in Chinese stock markets the People’s Republic sold off billions in dollar assets last week in what was reported to be an effort to stabilize their collapsing financial markets.
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  And now, as Russia’s economy collapses under the weight of American and European sanctions, including what many believe to be widespread downward manipulation of oil prices, Vladimir Putin is sending a clear signal to the central bank of the world’s reserve currency.
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  A new bill drafted by the President of the Russian Federation aims to completely eliminate the US dollar from the trade of goods:
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  Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.
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  This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.
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  “This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.
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  The bill would also help to facilitate trade in the region and help to achieve macro-economic stability.
  Source: RT
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  The implications for such a move, though not necessarily immediate, are serious over the long-term. That China and Russia are now overtly divesting themselves of U.S. dollar assets signals a significant paradigm shift in global trade.
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