Russia Warns It Will Dump The U.S. Dollar And Stiff The Western Banking Cartel (Video

Putin is not playing games with the west. He just announced that if the U.S. imposes sanctions on Russia, Russia will default on all loans from the western world and the western banking system. Now Putin is playing hard ball with the west. 

Obama is in a game with a seasoned war veteran, and a man who has no fear of the US and the western powers. It will be interesting to watch Obama squirm his way out of this situation. 

A Kremlin economist, Sergei Glazyev, told RIA Novosti the Russian government may not repay loans owed to the financial cartel if the United States imposes sanctions on the country in response to the Crimea intervention.

Washington wants missile bases in Ukraine in order to degrade Russia’s nuclear deterrent, thus reducing Russia’s ability to resist US hegemony. Only three countries stand in the way of Washington’s hegemony over the world, Russia, China, and Iran.

“The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia,” Glazyev said. “Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don’t depend on them in any way,” Glazyev said, adding that the country is a creditor to the United States.

“We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump U.S. Treasury bonds, get rid of dollars as an unreliable currency and leave the U.S. market,” he said.

According to the Huffington Post, Russia was the seventh-largest U.S. creditor at the end of 2012. According to the report, Russian owned $162.9 billion, or 1.4 percent of the total U.S. debt.

As the website reports, “Where does Russia get all of its buying power? The answer is oil. Russia is the world’s largest oil producer, and has used the commodities markets — and investment in U.S. Treasury bonds — to build impressive cash reserves in foreign securities [source: Iosebashvili]. “

Will this be the straw that breaks the camels back and collapses the U.S. Dollar and the world banking cartel? Putin may find favor from people around the world for damaging the New World Orders plan for a one world currency and a New World Order.