Bank Of Japan Implementing Ruble-Yen Currency Swaps – Dave Kranzler

TND Guest Contributor:  Dave Kranzler |

The U.S. plan to impose sanctions on every country that disagrees with the U.S. Government’s attempt to impose political and economic hegemony on allies and enemies alike has been back-firing.  If anything, it’s driving countries away from using the dollar in their trading activities.

The latest example of this is the Bank of Japan’s disclosure that it’s going to start engaging in Ruble-Yen currency swaps with Russia in order to avoid using the dollar to settle bilateral trade with Russia:

Japan Bank for International Cooperation (JBIC) is turning to currency swaps as using the US dollar in transactions is difficult because of the Western anti-Russia sanctions, the bank’s senior managing director said answering a question from Sputnik.  LINK

It won’t be long before the U.S. dollar shows up on the “endangered species” list…

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About Dave Kranzler:

 I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics.  Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.

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