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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Bastiat's picture

Putin won't care; neither will anyone else in Russia.

Panafrican Funktron Robot's picture

Vladimir Putin, the Honey Badger of Geopolitics.

COSMOS's picture

Honey Badger Attitude, claws and fangs of a Full Grown Alpha Male LION, and the Power of a BULL Elephant.  Don't mess with the Man and His Mother RUSSIA

813kml's picture

DM was surprisingly political for 80s synthpop.  One of my favorites is "Everything Counts", some grabbing hands need to be chopped off.  Lyrics are great, but vid is afflicted by 80s fashion.



The live version from their 101 tour is pretty awesome:  http://www.youtube.com/watch?v=doNLR8n0F_8

Tall Tom's picture

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


Gringo Viejo...The song's title is "Its just a Question of Time" by Depeche Mode.





Frankie Carbone's picture

Backed by the Full Faith and Credit of the Police State, Carrier Task Forces, the CIA, and Boots on the Ground. 

Pladizow's picture

Community organizer vs Ex-KGB head for 16 years.

Who will win?

Latina Lover's picture

Community organizer wins, since he is obviously the Mulatto Messiah, the bisexual illegal who  will save our souls.   


Putin is merely a KGB coronel,  holding a doctorate and 5 degree black belt in Judo.

gold_pa3ot's picture

Russian slut detected. Putin is huylo and it's official!

NotApplicable's picture

Whoever is pulling their strings.

DaveyJones's picture

Putin pulls his own, he is a dictator

B.O. just thinks he is

conscious being's picture

Maybe Czar by the time this is over.

Best quote "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."



MarkAntony's picture

The thing is that this script was written a long time ago and we're just watching it play out in several acts. All the so called "news-makers" are actors playing out their roles for the masses and we are close to the final act.

We will reset. Soon.

SmittyinLA's picture

More like community organizer in pay of KGB vs ex-KGB, let's be honest Obama has had an organized leftist boost his entire career.

Bastiat's picture

Red diaper baby, son of Frank Marshal Davis.

SuperRay's picture

Bring it on! Anything to rid us of these psychopathic neocons...

DaveyJones's picture

neocons, neolibs - I need some neosporin

7.62x54r's picture

Won't happen, unfortunately. They will just blame Putin for the breadlines in the US.

Stumpy4516's picture

Russia is shining a light on and then pointing at the dollar while telling everyone - There it is, that's the huge hairy mammoth in the darkness that has been stomping all over your economies and shitting all over your country/world so please stop feeding the damn thing before turns all you have into a smashed shit filled bog.

COSMOS's picture

A Cunnhaaa mataataaa oh wait thats Obamas song lol

Kalinka Kalinka kalinka mayaaa

rubiconsolutions's picture

I'll bet anyone one trillion Zimbabwe dollars that this alliance won't succeed. 

lasvegaspersona's picture

I'll wager 100 trillion US$$ that we don't get hyperinflation in the next 3 years.

The Chief's picture

I'll bid 5,000 quatloos that Putin's guy is untrainable and will have to be destroyed.

Tompooz's picture

"I'll wager 100 trillion US$$ that we don't get hyperinflation in the next 3 years."

We have actually seen something like this wager before. Billion dollar 50-year bonds issued in the late 1940's in exchange for the "safekeeping" of Chinese Imperial gold.

Google Dragon family AND NY lawsuit.


Zadok's picture

Simply brilliant.

The best victory is one achieved without a fight.

The Longest Call's picture

They MUST have WMDs...

Fire up the jets. 

Kirk2NCC1701's picture

Not an original idea, but it's high time that it took root in high places and the non-US MSM media.

"Nothing is more irresistible, than an idea whose time has come"

JuliaS's picture

I advise Putin to watch what goes into his tea.

Oldrepublic's picture

I think that he carries his own water and food supplies when he travels abroad

7.62x54r's picture

The Rothschilds already got one Tsar, and damned near got Putin when he kicked their tools out.

I don't see him allowing it to happen again.

drendebe10's picture

Hahahahahahahaa..... standing round of applause for the highly successful foreign policies of the grossly incompetent, negligent, arrogang, narcissistic, illegal indonesian alien kenyan muslim sociopathic liar in chief only interested in its celebrity grand imperial golf lifestyle....  wonder what the turd's handicap is after all the practice time its had.....

Things that go bump's picture

We'll be lucky if they don't just put us down like rabid dogs.

cocky roach's picture

Expensive LNG from the US? Hahaha! They don't even have a surplus they can ship, nor the means to transport LNG. How is the US supposed to supply Europe?

DaveyJones's picture

that's what happens when you treat everyone like pawns

Latina Lover's picture

 USSA is pushing Kiev to confront Russia, to save the FRN.

7.62x54r's picture

Why should Putin do anything? He'll just keep smuggling in munitions, and watch the fur fly while the dollar burns.

Sudden Debt's picture


I'm sorry but the dollar indeed needs to dy.


Who did see that there was a protest in Berlin to end the FED???





Confused's picture

Yes. And there were Ron Paul posters hanging near Brandenburger Tor. No lie. I nearly shit my pants, because not many in the crowd know who he is. They organize every monday night. 


It is painted in Germany as a rightwing group of protests. Easy to discredit among the mind of the public when they associate these people with Nazis. Sad. 

Oldrepublic's picture


Yes, it is tough being a libertarian in Europe

SF beatnik's picture

It feels like 1933, all over again,

Meat Hammer's picture

If people are protesting the Fed from the other side of the pond, there is definitely hope.

Big Corked Boots's picture

Nice, but I'd like to see a protest in Berlin about why it will take 7 years to get German gold back in German hands.

disabledvet's picture

The whole Edifice Rex feels like spin now. "Spinning out of control."

buzzsaw99's picture

too bad their own currency is junk also. nobody can be trusted to fairly administer a currency, everyone is a crook.

R3ap3R's picture

True its junk but if russia will go after its banking system wich fully endorses the dollar with the money (Rubles) they recieve from the russian central bank just to make money of the rubles inflation by holding their capital in dollars, then the dedollarization will be in full swing. But i dont think it would be great for the ruble maybe the euro