Russia Sets Free From Dollar Monopoly

in LeoFinance2 months ago

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.

https://newspunch.com/putin-independence-rothschild-us-dollar/


Putin decision shows his strength over US politically. International Monetary Fund ( IMF) is behind all the influence of US dollar in the financial system.

wo years previous, President Putin prohibited Jacob Rothschild and his New World Order banking cabal from operating in Russian territory “under any circumstances.”
https://dinarvets.com/forums/index.php?/topic/283381-putin-announces-total-independence-from-%E2%80%98rothschild-controlled%E2%80%99-us-dollar/

Who is Rothschild?

Rotschild family is a wealthy Jewish family. The banking dynasty was established by Mayer Amschel Rothschild. He started his banking services in Frankfurt in 18 century. He has five sons that helped him grow his banking business. The Rotschild businesses were varied but the main sources were from banking industries like merchant banking, private banking, asset management, mergers and acquisitions, insurance, venture capital, pensions and investments, sovereign debt and commodities. Besides that, the Rotchild enterprises also invested in some infrastructures.

An estimate that the Rothschilds controlled more than $2 trillion in assets was also inadequately sourced and retracted.

https://www.investopedia.com/updates/history-rothschild-family/

Rothschild and IMF

Rothschild family owns two mega banks. They are IMF and Wolrd Bank. The two banks provide loans to developing countries with loans that are almost non-repayable. Loans with various provisions that will eat away at a country's economy. When a country can not pay back the loan, the banks will ask for payback in exploitation of natural resources. In the world, there are hundreds countries get debt trap by those two mega banks.

“There are two Megabanks that offer loans to all the countries around the planet, the World Bank and the IMF. The first one is jointly owned by the world’s top banking families, with the Rothschilds at the very top, while the second one is privately owned by the Rothschilds alone. These two Megabanks offer loans to “developing countries” and use their almost impossible-to-pay-back interests to get their hands on the real wealth: land and precious metals.
https://phibetaiota.net/2020/11/owl-rothschild-owned-banks-include-world-bank-and-imf-time-to-shut-them-down/

These are common sense reasons why Putin kicks out IMF from Russia. It can be only Russia that has power to stay away from Rothschild influences. Will there be more countries that set free from dependency on IMF and Wolrdbank?

IMF and Cryptocurrency

Digital currencies might not be considered ‘real money’ yet, but it is hard to ignore the fact that blockchain may be useful in many regards.
https://beincrypto.com/imf-blockchains-have-merit-but-cryptocurrencies-wont-take-over/

The IMF clearly doesn't like cryptocurrencies. Cryptocurrency will take over some banking services. On the other hand, banks will lose the bread that they have eaten for long time. Bankers do not like cryptocurrency but they seem to be interested in blockchain. The question , can blockchain be separated from cryptocurrency? Blockchain is the mother of cryptocurrency.

This a great challenge for cryptocurrency developers and supporters. Decentralized apps or dapps can be created and functioned in some fields of life. However, the next challenge is regulation. There will be no problems with blockchain apps but the problems will come from governments, banking industries and old capitalists behind the financial policy makers.

End

Developing countries are very dependent on US dollar. While US dollar are controlled by a few figures behind giant banking industries. Will cryptocurrency break the great wall of economic monopoly?

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I think it says a lot that Putin is going away from the dollar. I think it's only a matter of time before other countries follow suit.

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yes, there will be more countries follow Putin.

Very interesting. It's going to be fascinating to see how this plays out and whether it leads to an economic strengthening of Russia or an increased isolation from the rest of the world. If the rest of the world really starts going after renewable energy and decreases it dependence on oil, Russia could have a very difficult time economically. Of course if they mine the hell out of Bitcoin.....?

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Russia has many partners in middle east for oil supply

Yes, but those partners also rely on selling their oil. I'm saying that if the rest of the world stops buying that oil, their economies could have big problems.

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