Central Bank of Russia has launched new SWIFT service, moving from USD Western financial dominance.

Central Bank of Russia has launched new SWIFT payment service, moving away from USD Western financial dominance..IN OPERATION NOW

The Central Bank of Russia (CBR) has launched a new SWIFT-style payment service aimed at moving away from Western financial dominance. The system is already operating, and will be fully functional within six months.

“The new service was launched in order to ensure smooth and safe transmission of financial messaging within the country, and is another step towards improving the system of services provided by the Bank of Russia,” said the bank statement Friday.

The regulator said the new service will allow credit institutions to transmit messages in a SWIFT format through CBR to all Russia’s regions without restrictions.

http://www.rt.com/business/217803-cbr-swift-alternative-system/

China Offers Russia Ruble Help

BEIJING–China says it is willing to provide assistance to Russia following recent sharp drops in the value of its currency, said a senior official, as President Vladimir Putin’s regime faces continuing strains with the U.S. and Europe.

Read more: http://www.nasdaq.com/article/china-offers-russia-ruble-help-20141222-00135#ixzz3NCOx6EE8

BRICS New Development Bank Threatens Hegemony Of U.S. Dollar

At the 2014 BRICS summit in Fortaleza, Brazil, the committee announced its impatience with failed reform within the International Monetary Fund: “We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness.” Leaders of the emerging economies of Brazil, Russia, India, China and South Africa (BRICS) have expressed the need for reform in the Bretton Woods institutions. Collectively, BRICS account for nearly $16 trillion in GDP and 40% of the world’s population. These countries have drafted amendments to the IMF’s voting policy and have yet to receive a sufficient number of votes. At the summit, Brazilian President Dilma Rousseff stated the BRICS nations “are among the largest in the world and cannot content themselves in the middle of the 21st century with any kind of dependency.” Last June, Sergey Glazyev, Vladimir Putin’s chief economic advisor, published an article outlining the need for an international anti-dollar alliance. He called upon allies to eliminate the dollar from international trade and trend toward depleting them from currency reserves. Recent dollar-less BRICS energy deals, currency swaps and foreign direct investment indicate that trend is taking place.

This year’s summit marks the establishment of a $100 billion dollar liquidity reserve and a $50 billion New Development Bank (NBD) in Shanghai. As each country acts to maximize its own utility, the emerging economies of the BRICS nations will create a paralleling international financial system ultimately challenging the hegemony of the current western-dominated system.

http://www.forbes.com/sites/realspin/2014/12/22/brics-new-development-bank-threatens-hegemony-of-u-s-dollar/

A couple more nails in the petrodollar’s coffin, courtesy of Turkey, India and Russia

tl:dr; Russia and Turkey agreed to work alongside representatives of the business communities to identify possible obstacles for conducting payments in their national currencies. Meanwhile Indian Ambassador to Moscow states transition to national currencies, the rupee and ruble, in trade between India and Russia will significantly increase bilateral trade.

http://redpilltimes.com/couple-nails-petrodollars-coffin-courtesy-turkey-india-russia/

Putin: It Is Time to Play Your Ace in the Hole

You’ve got to know when to hold ‘em
Know when to fold ‘em
Know when to walk away
And know when to run
You never count your money
When you’re sittin’ at the table
There’ll be time enough for countin’
When the dealin’s done.
“The Gambler” by Kenny Rogers

The entire world is watching Putin play poker with the Western politicians lead by Obama and followed by Washington quislings in London, Brussels and Berlin. America’s goal since the end of the Cold War has been to weaken by financial, economic and, if necessary, military means any real competition to its global financial and resource domination through the petrodollar and dollar world reserve currency status.

…

No nation will win a shooting war between the US, UK and EU versus Russia and China. The consequences are too horrible to be contemplated but Russia has an ace in the hole that can win the financial and economic battle going on today.

First, Russia should join with China in a new gold, oil and natural resource backed monetary union as an alternative to the failed debt democracy model pushed by Wall Street, the central bank cartel and self-serving politicians in the West. It simply does not work in the long term to finance prosperity and improved standards of living through mountains of debt placed on future generations.

Washington has destroyed every tax haven and bit of personal and financial privacy in the world because of its desperate need for revenue. Every financial haven has caved, including Switzerland, because they cannot hope to prevail against the US, UK and EU. The US intends to make Russia a pariah state and cut it off from trade, funds transfer, banking and Western credit markets. It will not relent until Putin is overthrown and Russia is compliant with and a supporter of the New World Order. Next in line following Russia will be China. Thus, a monetary union could provide the needed support for Russia necessary to guarantee the independence and self-determination of China.

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http://www.marketoracle.co.uk/Article48785.html