Gloves coming off: Russia gets serious on de-dollarizing, by F. William Engdahl

Co-Creating Our Future on Planet Earth

http://www.sott.net/article/297534-Gloves-coming-off-Russia-gets-serious-on-de-dollarizing

Near Eastern Outlook
Sat, 06 Jun 2015 19:41 UTC

1406034725_dollar_2977362bRussia is about to take another major step towards liberating the Ruble from the Dollar System. Its Finance Ministry just revealed it is considering issuing Russian state debt in Chinese Yuan. That would be an elegant way to decouple from the dependence and blackmail pressures from the US Treasury financial terrorism operations while at the same time strengthening the bonds between China and Russia – Washington’s worst geopolitical nightmare.

Russian Deputy Minister of Finance, Sergei Storchak, announced that his ministry is making a careful study of what would be required to issue Russian bonds denominated in Chinese Yuan. The latest news is part of a long-term strategy between Russia and China that goes at the heart of American hegemony—the role of the dollar as the leading world central bank reserve currency.

The dollar is used in some 60% of…

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