Putin Flushes US Dollar and Use Gold Ruble Instead

Vladimir Putin of Russia is stop using Dollar. Instead, he use gold backed Ruble to trade with another country such as China.

We can no longer trust the US Dollar since US government mark the US dollar in certain area such as in Middle East and Asia Pacific. US government can freeze the US dollar in certain countries such as in Iran, Iraq, and Libya and the Paper Money is no longer valuable. It's no more than paper...

So Putin replace the paper US Dollar which is not guaranted by gold or any valuable thing with Ruble which is backed by Gold.

 

Stop Using Paper Dollar. Use Gold and Silver Money Now!

http://talkandchats.blogspot.com/2014/04/stop-using-paper-dollar-use-gold-and.html

Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?

A New Financial System independent from Wall Street and City of London begins to take shape concretely in Russia?

It is what Putin needed. Since at least 2007, he was trying to launch an independent Ruble System, a financial system that would be based on Russia’s real economy and resources and guaranteed by its gold reserves. No  tolerance for looting and financial speculation: A peaceful move, but at the same time a declaration of independence that Wall Street will consider as a “declaration of war”.

http://www.globalresearch.ca/putin-flushes-the-us-dollar-russias-gold-ruble-payments-system-delinked-from-dollar/5375866

China, Russia quit dollar

By Su Qiang and Li Xiaokun (China Daily)

Updated: 2010-11-24 08:02

St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm

China Reduces its US Dollar Holdings. The Geopolitics of “Forex Reserves Diversification”

By Global Research News

China and Russia are quitting US dollar or at least significantly cutting the dollar share in their forex reserves.  Politically correct American analysts call this process “rapid forex reserves diversification”. In fact, some economists see this trend as a threshold in the unfolding world crisis because the whole pyramid of global finance is based on one simple fact – financial regulators around the world buy the US debt (dollar & treasuries) no matter what.
http://www.globalresearch.ca/china-reduces-its-us-dollar-holdings-the-geopolitics-of-forex-reserves-diversification/5360161