Putin Advisor Proposes "Anti-Dollar Alliance" To Halt US Aggression Abroad

Tyler Durden's picture

It has been a while since both Ukraine, and the ongoing Russian response to western sanctions (which set off the great Eurasian axis in motion, pushing China and Russia close together, and accelerating the "Holy Grail" gas deal between the two countries) have made headlines. It is still not clear just why the western media dropped Ukraine coverage like a hot potato, especially since the civil war in Ukraine's Donbas continues to rage and claim dozens of casualties on both sides. Perhaps the audience has simply gotten tired of hearing about mixed chess/checkers game between Putin vs Obama, and instead has reverted to reading the propaganda surrounding just as deadly events in the third war of Iraq in as many decades.

However, "out of sight" may be just what Russia's political elite wants. In fact, as VoR's  Valentin Mândr??escu reports, while the great US spin and distraction machine is focused elsewhere, Russia is already preparing for the next steps. Which brings us to Putin advisor Sergey Glazyev, the same person who in early March was the first to suggest Russia dump US bonds and abandon the dollar in retaliation to US sanctions, a strategy which worked because even as the Kremlin has retained control over Crimea, western sanctions have magically halted (and not only that, but as the Russian central bank just reported, the country's 2014 current account surplus may be as high as $35 billion, up from $33 billion in 2013, and a far cry from some fabricated "$200+ billion" in Russian capital outflows which Mario Draghi was warning about recently). Glazyev was also the person instrumental in pushing the Kremlin to approach China and force the nat gas deal with Beijing which took place not necessarily at the most beneficial terms for Russia.

It is this same Glazyev who published an article in Russian Argumenty Nedeli, in which he outlined a plan for "undermining the economic strength of the US" in order to force Washington to stop the civil war in Ukraine. Glazyev believes that the only way of making the US give up its plans on starting a new cold war is to crash the dollar system.

As summarized by VoR, in his article, published by Argumenty Nedeli, Putin's economic aide and the mastermind behind the Eurasian Economic Union, argues that Washington is trying to provoke a Russian military intervention in Ukraine, using the junta in Kiev as bait. If fulfilled, the plan will give Washington a number of important benefits. Firstly, it will allow the US to introduce new sanctions against Russia, writing off Moscow's portfolio of US Treasury bills. More important is that a new wave of sanctions will create a situation in which Russian companies won't be able to service their debts to European banks.

According to Glazyev, the so-called "third phase" of sanctions against Russia will be a tremendous cost for the European Union. The total estimated losses will be higher than 1 trillion euros. Such losses will severely hurt the European economy, making the US the sole "safe haven" in the world. Harsh sanctions against Russia will also displace Gazprom from the European energy market, leaving it wide open for the much more expensive LNG from the US.

Co-opting European countries in a new arms race and military operations against Russia will increase American political influence in Europe and will help the US force the European Union to accept the American version of the Transatlantic Trade and Investment Partnership, a trade agreement that will basically transform the EU into a big economic colony of the US. Glazyev believes that igniting a new war in Europe will only bring benefits for America and only problems for the European Union. Washington has repeatedly used global and regional wars for the benefit of  the American economy and now the White House is trying to use the civil war in Ukraine as a pretext to repeat the old trick.

Glazyev's set of countermeasures specifically targets the core strength of the US war machine, i.e. the Fed's printing press. Putin's advisor proposes the creation of a "broad anti-dollar alliance" of countries willing and able to drop the dollar from their international trade. Members of the alliance would also refrain from keeping the currency reserves in dollar-denominated instruments. Glazyev advocates treating positions in dollar-denominated instruments like holdings of junk securities and believes that regulators should require full collateralization of such holdings. An anti-dollar coalition would be the first step for the creation of an anti-war coalition that can help stop the US' aggression.

Unsurprisingly, Sergey Glazyev believes that the main role in the creation of such a political coalition is to be played by the European business community because America's attempts to ignite a war in Europe and a cold war against Russia are threatening the interests of big European business. Judging by the recent efforts to stop the sanctions against Russia, made by the German, French, Italian and Austrian business leaders, Putin's aide is right in his assessment. Somewhat surprisingly for Washington, the war for Ukraine may soon become the war for Europe's independence from the US and a war against the dollar.

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El Vaquero's picture

I view our government as up for bid.  Oil companies are just one set of oligarchs.  We also have the oligarchs in the agricultural industry, the FIRE industry and the medical industry to contend with, and their interests don't always align.  Remember that Princeton study showing that we, the little people, have very little say in what goes on, but oligarchs do?  You want to know why they don't have even more say in what goes on?  Because their interests don't always align.  There will be some bickering amongst the oligarchs, and I'm betting this is one such case.  Bankers want to further push Ukraine into debt slavery because they're greedy fucks, and oil companies want to work with Russia because it doesn't take a rocket scientist to know that invading Russia is a really fucking dumb idea.  I don't think that oil companies are inherently good or anything like that, I just think that their interests differ from the interests of other oligarchs in this case.

Z_End's picture

Deutschland über alles. They will do what is best for them in the long run. They have to.

Joe Tierney's picture

Yep, you hit the nail on the head.


What a great strategy Russia is undertaking here! Force Germany to choose sides once and for all, and she will take most of Europe with her into the anti-dollar, anti-U.S. Hegemony camp.


China will want to see this strategy orchestrated as carefully as possible, but also as energetically as possible, to allow it to minimize its losses (gold reserves!). But she will have to act with Russia sooner rather than later, 'cause U.S. hegemony tilting into China's space is rapidly increasing, and above all else, China is not going to take that laying down.


Things are REALLY coming together! Bring it on, oh, bring   it    on!

Chupacabra-322's picture

It's a Genius Strategy. And, a Novel Idea. I figure when everything is said & done, you'll be lucky to get 50 Cents on the Dollar if anything at all.

The Moral Fabric is broken, the Empire Criminal UNITED STATES, CORP. INC. is falling.

Down to Earth Thinking's picture

No doubt about it . It is already all in motion and has been for quite a while. And will only gain momentum going forward like a snowball down a hill in the perfect storm. There are things one can do besides that standard PMs bitches thing. But we will all suffer one way or another, just depends on how much and how well prepared we are in all ways.


The absurd part is, as it comes unglued the politicos will all say they could not have possibly seen any of it coming ? and they are supposedly the smart guys ! Of course by then it is well past far too late, It is now. But none the less there will be much waving of arms and gnashing of teeth in angst and bewilderment. My answer,  Fuck all You criminals !

BlindMonkey's picture

"Supposedly the smart guys"

Have you read that shit that Thad Cochran said? Dude practically talked about stump training his mule. I ain't buying that smartest guy in the room shit again until I meet one in person. I personally met Marco Rubio for a brief bit. To say that I was underwhelmed would be accurate. And he is supposed to be one of the bright guys.

Sirius Wonderblast's picture

Don't forget, much of Europe has resented the US and distrusted it since theend of WW2. On the other hand, Russia, in one form or another, has been a neighbour and trading partner for effectively ever.

Squid-puppets a-go-go's picture

Its not a 'brilliant strategy'.  Its a bleeding obvious strategy whose time had not come until now. like, right now.

OceanX's picture

"...After the 13th century, Moscow became a cultural center...."



Russia was a nation long before the U.S.  pretty sure bet it will be a nation long after the U.S.  has disolveed...

hobopants's picture

Lets see,

Peter the Great fucked the people of Russia, the Tzars fucked the people of Russia, The Bolsheviks fucked the people of Russia, Stalin fucked the people of Russia, and Putin will most certainly fuck the people of Russia.

Yes Russia will continue to be a nation of backwards peasants who get collectively ass raped by their leaders for many years to come.

If you're a mindless Russian nationalist or fanboy then you are just as retarded as the patriotic idiots here in the west, Fuck you whole heartedly, may you die choking on putin's cock (which is probably a dream of yours anyway).

COSMOS's picture

If all these people fucked Russia how is it in the end that Russia has the ability to wipe out the entire world if it wants to and it also sits on 1/6 the surface of the world and has probably the most natural resources.  If that is getting fucked I will pull my pants down for some of that.  Hey maybe that is why he was called the Great.  Because he had a loooong Great and Impressive Peter Heater in his world power hobopants. HAHHAHA.

Dont be a hater Mr Hobopants.

hobopants's picture

Yes and all the Russian people are share holders in that wealth equally right? Oh wait no they're not, it's controlled by a small minority that continues to fuck the population.

I don't hate Russia, but I do hate myopic, narrow minded, nationalist fucks who are unable to see the corruption in their own nation while bleating on about how corrupt others are.

 “Russia has the highest level of wealth inequality in the world, apart from small Caribbean nations with resident billionaires. Worldwide, there is one billionaire for every USD 170 billion in household wealth; Russia has one for every USD 11 billion. Worldwide, billionaires collectively account for 1%–2% of total household wealth; in Russia today 110 billionaires own 35% of all wealth.”

So ya, enjoy all that wealth, I'm sure Putin will share some with you if you ask nicely.

Terminus C's picture

This, there are no "good guys" in politics... in any country.  They are all lying, sociopathic rapists and murderers... all of them.  I get why some people are pro-Russia here because they are so angry with what has become (has always been really but has only recently become obvious for the masses) of the US.  However, rootin' for Putin is as dumb as rootin' for Rothschild (aka ObamaBushClintonBushReaganCarterFordNixonJohnson... all the way down to at least Lincoln, if not further back).

This site has been overrun with the small minded (read .gov from many nations) and the more thoughtful of the group sometimes gets pulled into the groupthink.

We live in a time that is irrational, emotional and violent.  It can be easy to get sucked in.

hobopants's picture

Amen, some people think because Putin is opposed to the corrupt assholes in the west, he is automatically a heroic figure who represents all that is good and right in the universe.

In reality he is protecting his own interest and any benefit you recieve is purely incidental. Like all who are in power, he is solely preoccupied with perserving that power.

By it's nature this site probably has a bunch of moronic nationalist tuning in, and honestly, fuck them. They are tools and hypocrites, who have had a hammer and sickle shoved so far up their ass it has lobotomized them. If they are unable to face the truth about their own country (like I do mine) then they deserve everything they get and more.

I can appreciate the Russians messing with our oligarchs, but I'm not so naive as to think that they are doing it for the good of us poor oppresed citizens of the western world. They are doing it to protect their own corrupt monopolies on wealth and power in Russia.

So to reiterate, if you are an American who thinks that the Russian leadership represents an enlightened, classically liberal state, then you are an idiot. They are just another flavor of corruption which, given the chance, would be just as bad as the United States. If you are some retard nationalist coming here to feed your bias and hatred, then fuck you.


skepsis101's picture

Hey hobo, you don't happen to know just how that disparity came about, do you?  In 1988 there were no oligarchs.  Langley SOB troll!

hobopants's picture

You're an idiot.

The russians have never had income equality. They started off as a bunch of landless serfs who were owned as property themselves, and then transitioned into the Soviet Union where they could own nothing at all, and now Putin and friends own all the wealth and give them a few crumbs now and then, Hell the current income inequality is actually a high point in the Russian state.

Oh and citing my membership and accusing me of being a troll without proof is not a substitute for an actual argument, you soft headed mongoloid. Just because you don't like the truth doesn't mean it will go away.

Go hop back up on Putin's cock and tell yourself everything is going to be ok with papa Putin.

Oh and stick to the red arrows, you don't possess the mental acuity to formulate a decent argument.



skepsis101's picture

and another Member for:  28 weeks, 2 days.  Got it!

skepsis101's picture

and another Member for:  28 weeks and 2 days!!!!!!   Got it.  You guys are 5 years late to the party and somehow think no one will notice. 

hobopants's picture

And here is a member who has been here for 4 years and still can't figure out how to avoid Double Posting. Slow learner aren't we? Or maybe you were bouncing up and down so much On Putin's dick you accidently clicked the button twice?

DaveyJones's picture

this move was innevitable and efficient. It not only destroys our inflation export machine and our petrodollar grip but it takes down our military in a genius way by creating domestic economic chaos and domestic distrust forcing the government to throw resources and containment back inside the borders. You can't compare this to WWII and say more war is an economic catalyst. We have already shot our wad for a decade with disasterous results, we are much much weaker and we have a lot more enemies...  

pelican's picture

Davey, you so don't understand.  The mighty OShlama is so much better than that chess playing Putin.  Community organizing, Ivy League education and Basketball makes one the much better leader.  Putin just plays chess, does judo, was an intelligence operative and billionaire.  What could he know.



Chupacabra-322's picture

@ pelican,

So yes, Putin is smarter than the Criminal CIA / State Dept. of the Criminal UNITED STATES, CORP. INC.

JRobby's picture

inflation export machine 

Beautiful. That is the bankster mantra as concisely defined as I have ever seen.

Sounds like a title.

quasimodo's picture

So when all those $$'s come home, are we going to have big homecoming partay's like when we "won" WWII?


813kml's picture

Of course, it would be a shame to waste all that confetti.

Payne's picture

The Saudis have lots of dollars so they will protect the dollar.  Whoever is not in debt to the FED will also be willing to dump the dollar.  Dump the dollar and bring peace to the middle east at least for a little while.

Chief KnocAHoma's picture

Sorry, but I don't understand your logic. Peace will be brought to the ME because dumping dollars would cripple the US MIC? Or is there some other reason?

Payne's picture

The dollars being exported to Saudi are used to buy weapons, supplies, soldiers probably to gain more territory with oil and gas resources to be exploited by House of Saud.  This goes along with the CIA goals.  So lots of weapons, training exported in support.  Remove the dollar and you remove funding for all.

BigJim's picture


Remove the dollar and Saudi have still got their fuckload of oil, to be sold in whatever currency or bartered for whatever goods and services they see fit.

Get rid of the Suadi Royal family and install a democracy? That idea must have the feds shitting themselves.

skepsis101's picture

There never was a Saudi or Mohammedan princeling who didn't like gold.  The Saudis have got lots and lots of gold.  

BennyBoy's picture

Great: a competing currency to the USD!


Not so great: Its a fiat currency and the race to the bottom is on!

lasvegaspersona's picture


remember...it won't just be the 100 Trillion dollar bills that will be the most desirable. Do not forget to save some of the $1,000, the $100,000 and ESPECIALLY the first in the $1 BILLION series. These are very hard to find in Zim dollars. So think ahead. Hyperinflation can be fun and profitable.

7.62x54r's picture

Be sure to trade letters with your friends as well. Covers that were postmarked at the Berlin post office on the day of the fall of Berlin are quite valuable.

The posties there thought the numismatists who kept mailing out letters while Russian troops and Volksturm were shooting at each other outside were completely loco.

Well ... maybe they were ...

gcjohns1971's picture



The Dollar's place will be UNIQUE in the failed currency list.  Unlike ZimDollars, FRN's are the Reserve Currency.



Hey!  Why isn't anyone picking up the chant?

7.62x54r's picture

Holding up a raised middle finger to signify being Number One kinda ruins the moment.

One of We's picture

Red Team Blue Team USA!

Red Team Blue Team USA!

Red Team Blue Team USA!

Red Team Blue Team USA!

Red Team Blue Team USA!

Red Team Blue Team USA!

There, I need to go wash my hands.....

PGR88's picture

Crashing the Federal Reserve notes and US Gov't debt might not be a good thing for the present US Government, but it would ultimately benefit the average citizens of the USA.

caconhma's picture

Poor Putin. The USA and NATO, for all practical purposes, have invaded Russia and Putin is thinking how to maintain a solvency of NATO-owned businesses in Russia. At is a house of absurd.

You stupid ZH followers cannot comprehend that Putin a phony president. He is an enemy of Russian people. He is a US puppet who is trying to show some independence like Iraqi Saddam Hussein has done before him. Putin has transformed Russia into a third world country. Now, Putin is looking for allies in China. China needs neither Russia nor Putin. China needs Russian territories and its mineral resources. It is just a matter of time before China will invade and annex at least half of Russia. As for Putin, his days are numbered!

Sweet dreams my ZH colleagues.

runningman18's picture

They have no need to destroy Putin.  He's in the back pocket of the BIS and his handler is Henry Kissinger.  The banksters want to destroy the dollar to make way for their global currency.

Reptil's picture

Talking about imperialist subjugation, this can be seen as nothing less: Secretary Tom Vilsack teling the europeans to tie themselves to GMO food production and hormone-beef:

Just like the Ukraine thing, this is about the influence of the USA on mainland europe.
The next great war will be about food and clean water.
The politicians and academica that support this failing technology live in a fantasy world of guaranteed technological progress.

DoChenRollingBearing's picture

Long time no see, SG!  Hope things are well for you.


Russia & Russians will not escape the bad world economy.  Bad as the USA is, I would rather be making my preps from here vs. there.  

Better weather here too.


Does anyone know if you still need an Exit Visa to leave Russia?

Soul Glow's picture

Good to see you DoC!  I hope all is well with you and yours.

COSMOS's picture

I must disagree Dochen,  They now have Crimea back and they also have other Coastline on the Black Sea, where the weather is much milder and nicer than say Siberia.  But really what matters are energy resources.  Certainly the Caribbean has great weather but they are not known for industry.  Rather I say a little inclement weather makes you stay inside and study.   The Russians have vast natural resources, look at a map and see the beast of land mass that country is, and also all that coastline with offshore and fishing rights.

DoChenRollingBearing's picture

You raise good points.

I just LIKE warm weather.

Russia does have massive resources.  Let's see what they with them!

OceanX's picture

Bad is relative, they already survived the soviet era...

R3ap3R's picture

only if u are a criminal and chances of getting it are close to 0

Gringo Viejo's picture

Help me out here. Who was it that sang "I's Just A Matter Of Time"?

Chief KnocAHoma's picture

BO will win because it isn't really a fair fight, and if Putin starts pumelling him BO will scream racism.


CrazyCooter's picture

YouTube please ...