For anyone viewing American news with the proper jaundiced eye, the above photograph tells us everything we need to know. It is Russian president Putin alongside Argentina’s president Cristina Fernandez after meetings these past few days.
American vulture funds are shaking down. Having purchased Argentinian debt for pennies on the dollar, they want full compensation. They are willing to use full faith and credit of the Obama Administration to get it. (John Oliver does a credible report on this matter behind HBO’s pay wall.)
If you want to understand the real reason for the aggressive posture the US and its agents are taking against Russia these days, look no further than the photo above, and some accompanying text.
“We agreed to hold extensive consultations on the question of using national currencies in trade payments between states and between commercial partners,” the Russian President said.
Russia has set up similar schemes with China, Iran, Egypt, and Turkey to cut out the US dollar, the so-called middleman used in most transactions.
In October, Russia and China agreed a currency swap worth over $20 billion, in order to increase trade and business between the two.
Russia, China agree on more trade currency swaps to bypass the dollar
Earlier in April, Russia proposed setting up a similar system with Vietnam and Indonesia.
We need read no further than the words “to cut out the US dollar.” Such a move created the urgency to invade Iraq, destroy Libya, and encircle Iran. It’s all about propping up an empire in decline, and its floundering currency.
Historically, this has meant war. Right now it is causing the international banking community to attempt to bring Russia down, and Ukraine is merely the lever.