RUSSIAN GOLD BACKED BRICS
THE DEMISE OF THE U.S.
Global Plans to Replace the Dollar
by Bridgette Grillo, Krystal Alexander, Nicole Fletcher
Nations have reached their limit in subsidizing the United States’ military adventures. During meetings in June 2009 in Yekaterinburg, Russia, world leaders such as China’s President Hu Jintao, his then Russian counterpart Dmitry Medvedev, and other top officials of the six-nation Shanghai Cooperation Organisation took the first formal step to replace the dollar as the world’s reserve currency.
Russia’s Proposed Interbank System Threatens Global Economy
by The Sovereign Investor • December 13, 2014:
The international financial system is based on the U.S. dollar. The greenback is both the world’s “reserve currency” — the one everyone wants to hold when things go bad — and the principal means of exchange. The vast majority of transactions between companies, countries and people are denominated in dollars.
SWIFT PAYMENT SYSTEM:
Russia to launch alternative to SWIFT bank transaction system in spring 2015
Russia’s Settlement Alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT):
The SWIFT System is an integral part of a communication process that assists payment and clearing of financial transactions. The Corporate-to-Bank site defines it in the following manner and provides several examples ofPayment, Clearing and Settlement Systems.
Russia’s SWIFT Settlement Alternative:
The natural response to sanctions has accelerated the need to circumvent a blackball threat that has Russia launches own SWIFT-style service. “There has been talk of blocking Russian banks from using SWIFT among some EU members as well.”
Russia transferring energy carriers settlement to rubles:
Moscow has been transferring to rubles the settlement of energy carriers between Russia and other countries, a senior Russian official says.