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Russia is one of the more powerful nations in the world.  With the power, however, comes enemies.

One of its enemies has a slight financial hold over Russia, and that power comes in the form of Dollars. The relationship between the east and west is now at a stalemate; Moscow’s reaction to western encroachment and accusations comes from President Vladimir Putin, who has proposed to withdraw the Russian state from the international banking system, moving towards a more traditional gold-based system.

Russia isn’t alone in this. BRICS nations such as Brazil, India, China, and South Africa are all planning their exit from the international banking mafia for more financial independence.

However, for President Putin, the threat came in the form of the Worldwide Interbank Financial Telecommunication system, or the SWIFT system, which allows easy transfer of money internationally, such as via American express. The problem, however, is the international banks are threatening to bar Russian access from this system if they leave the ‘big club.’

Many economists have informed the world leaders of the consequences facing them if they remove Russia from the SWIFT system. Ewald Nowotny, an economist and a policy maker for the European Central Bank highlighted how if Russia is removed from the SWIFT system international companies conducting business in Russia will be the first to suffer.

However, according to Elvira Nabiullina, a Russian economist and former economic advisor to President Putin and the head of the Central Bank of Russia, if Russia is removed from the Worldwide Interbank Financial Telecommunications then Russia’s banks won’t collapse. She explained how they have devised a new system that will continue operations in the SWIFT format and will work as an alternative for the country.

According to a report published last year, more than three hundred banks in Russia have adopted the SWIFT alternative – the System for Transfer of Financial Messages, or SPFS as the Russians call it.

Furthermore, to enhance the SPFS system, Russia’s Central Bank’s first international branch in Beijing was opened, and the Chinese opened a financial institution in Russia to strengthen the financial relationship between the two nations and the beginnings of the ‘de-dollarization’.

As for the Federal Reserve and other international financial institutions that trade in non-physical currency and futures, and all other riskier practices; are now buying bulk quantities of physical gold – leaving their old practices behind.

According to Mac Slavo who writes for SHTFplan, the NGOs ran by Soros have been questioned and kicked out, along with Rothschild establishments.

“It seems that only all out war will ever settle these power plays for the dominance or death of the U.S. petrodollar, which is ultimately controlled by the same few hands that steer and control the central banks of nearly all the world’s nations,” wrote Mac Slavo. “Only by stealth and monotony have these activities remained in the shadows.”

Russia is a paper tiger with huge economic problems,agriculture industry destroyed,all industries nationalised,thay have to import everything,his wars cost them big money and chinise coming to western Siberia,Russia and btc it will not happen Russia wants to controll his people

Russia is a paper tiger with huge economic problems,agriculture industry destroyed,all industries nationalised,thay have to import everything,his wars cost them big money and chinise coming to western Siberia,Russia and btc it will not happen Russia wants to controll his people

If the US gov crashes, the value of the dollar will plummet.

Does anyone think china and russia are dumping the dollar, expecting the $20 trillion in debt US government to crash?

For those saying russia's economy is in bad shape.

Russia isn't $20 trillion in debt.

The united states could be far worse off than russia is?

True/false?   ???

...

I would go with Pab, Yakamoto, MingLee and Lancusters.

I believe Russia's power is overblown by the MSM (they are not as powerful as the media portrays).  

They have many problems, and making it harder for the rest of the world (beyond the BRICS, who are not all that great trading partners for Russia).  Let me put it this way: Would any of you who wanted to import/export anything from Russia want to deal with a payment system outside of SWIFT?  (Ahh, me either)

That just seems like they want hurt themselves as they hurt (but not as much) the USA and Europe.

And the BRICS have little to complement each other -- their main reason for a weak unity is resentment of The West.

Russia isn’t alone in this. BRICS nations such as Brazil, India, China, and South Africa are all planning their exit from the international banking mafia for more financial independence[/b].

If the US gov crashes, the value of the dollar will plummet.

Does anyone think china and russia are dumping the dollar, expecting the $20 trillion in debt US government to crash?

For those saying russia's economy is in bad shape.

Russia isn't $20 trillion in debt.

The united states could be worse off than russia is?

True/false?   ???

If USA government collapse dollar Russians will have serious problems. Just check oil/$ index and you will understand what i am talking about

[...]

BRICS is probably more of a paper tiger than Russia. They tout it as some sort of impressive banking system, but they're all primarily poor-er export countries and can't do much internal trading. That's something they need to figure out. Get some consuming countries on board, and then they can really begin to build a new economic powerhouse. Until then, they mean little.

The term "BRIC" ("S" for South Africa was added later) was invented by a Goldman-Sachs banker, not by any of those countries...   :)

Here is one man's (not an expert) opinion of the "BRICS Bank", a little dated, but the fact that their "Bank" has not done much since their declaration speaks volumes as well:

http://robertmixblog.blogspot.com/2014/07/the-brics-bank-first-look.html

If USA government collapse dollar Russians will have serious problems. Just check oil/$ index and you will understand what i am talking about

Russia would be better off not holding dollar reserves if the US gov collapses.

It would be interesting to see what happens with billionaires and corporations stockpiling billions in us dollars if the dollar crashes.

Imagine a world where Bill Gates goes to sleep the richest man in the world one day & wakes up not very rich the next.

Do they realize the billions of dollars they're hoarding could be worthless if the gov defaults?

Do you really think the USG will default before most of the rest of the world?  Really?

History (the best tool we have, not that good, but still...) suggests that when there huge crashes ( etc.) that it is usually the PERIPHERAL countries that suffer first.

Peripheral countries default every now and then. Nothing changes. It is when a major country collapses (not necessarily the US) that a global crisis is triggered. Think Greece. A lot of banks had exposure to Greece. If Greece had not been bailed out, most global banks would have been in trouble.