Originally Posted by bellydeep
Originally Posted by irfubar

Seems Putin has a plan.... and it may be working?



https://www.zerohedge.com/geopolitical/escobar-meet-new-resource-based-global-reserve-currency


Medvedev said “hellish” Western sanctions not only have failed to cripple Russia, but are instead “returning to the West like a boomerang.” Confidence in reserve currencies is “fading like the morning mist”, and ditching the US dollar and the euro is not unrealistic anymore: “The era of regional currencies is coming



If this is such devastating idea, why did Russia wait until now?

Could have pulled the lever years ago.

I’m betting it’s not so slick as the article suggests.


He didn't have the leverage he has now. Americans play checkers., make decisions based on short term emotional responses. Russia, China, India don't

we'll see