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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7.62x54r's picture

Bad votes are far more dangerous than any mere "assault" rifle.

Confused's picture

I'm with you. But the problem I have is believing anyone that works for the State. Any state. The motives of washington are the same as the Kremlin. Perhaps different in some ways. But the people at the top of the pyriamid know no national allegiance. So the US loses control. Vacuum. Someone fills it. Meet the new boss. Same as the old boss. 

Schmuck Raker's picture

I like it. Good plan. No time like the present.

Gadfly's picture

Gee, who could have seen this coming.

SofaPapa's picture

"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."

Isn't this ironic!?  The former colony is now trying to colonize the original imperial heartland.  One can only hope people in France, England, Germany, Italy, Spain, etc.  (note they are not "Europeans", they have unique cultures separate from this grand 'experiment') have some pride and can find leaders to get out from under the dollar-based system.  The currency represents the empire.  It's as simple as that.  

Hint: Mario Draghi and his ilk are not the leaders you are looking for.

Dublinmick's picture

European countries have no national policy, they are controlled by the city of London which answers to the vatican, the top of the pyramid. Anyone who has not grasped this is just engaging in idle chatter.

COSMOS's picture

The Russians are smart, words and thoughts are much less expensive than Bullets and bombs up to a point, and the combination of the two sometimes is used, in some circumstances one works better than the other or sometimes they work well together.

By putting the idea out there they are capitalizing on the negative press the USA has created in the eyes of the world.  And the beauty of it is that it has been amplified by the fact that western media keeps putting out the same we are in heaven crap while RT, Press TV , live leak, Chinese news agency, AlJazeera, Indian establishment and South American papers etc...  keep showing what the truth is.  People compare and contrast and they all realize they are being conned by worthless dollars.  Not too long ago Brazil put limits on the amounts of dollars that could enter they country to buy up companies and valuable farmland with toilet paper.

People dont like being conned and in many parts of the world they will string them up.

Quinvarius's picture

The USD will go down as the first currency to be extermined with extreme prejudice.

Meat Hammer's picture

And all of it will be blamed on capitalism and free markets; and the sheeple will nod and bleat as they are herded into club FEMA.

Bastiat's picture

It will be blamed on the Russian economic terrorism!

NotApplicable's picture

Can the Treasury actually manage to "write off Moscow's portfolio of US Treasury bills?" While it's easy for them to get the ones held in Russia's custodial account at the Fed, is that all of them? Also, what about others, like say... China, who feel they may be next? Will they start dumping, creating the race for the dollar exits?

To me this read like another chapter in the book of MAD.

7.62x54r's picture

They will just find more toilets like Belgium to flush them into.

ZIRP federal reserve loans to some other small countries to buy the trash up, and the small countries collect the interest while not bothering to repay the fed notes.

QE without the publicity.

Colonel Klink's picture

Tick tock Fed assholes!

Winston Churchill's picture

Not long Colonel, the fact its being aired in public means they are ready and

now actively recruiting.

yogibear's picture

The rest of world hates the US. The 1% wants to take whatever is left from the 99% causing it to generate hatred for the Federal Reserve and it's circle of cronies.

When the small people lose everything they lose it.

Bemused Observer's picture

"It is still not clear just why the western media dropped Ukraine coverage like a hot potato,"

Well, I'll explain...The West wanted war in Ukraine, but real-life wasn't cooperating, so, the media was ordered to drop the coverage and focus on Iraq. At this time, it is believed that the "sheeple" will be easier to manipulate into a wider conflict in Iraq, because they have already invested so much there. Plus, bearded jihadis screaming Allahu Akbar! are a better-defined target than those folks in Ukraine...many of whom look remarkably like dairy farmers in Wisconsin, if you can ignore the Nazi-type sentiments that occasionally pop up.

Meat Hammer's picture

Bombing Brown People - an American tradition since whenthefuckever.

Anarchy for sale http://www.youtube.com/watch?v=q3gNgS9E6k8&feature=kp 

orangegeek's picture

Barry is fighting with the US system and is backed by Europe in doing so.


Barry get's his second Nobel next week and another one at the end of the summer.

RadioactiveRant's picture

Its a HUGE if that you could get the countries youd need to get involved to agree, and they'd have to walk away knowing they're writing off half their US assets (USTs, equities).

Then assuming you could get a coalition of Russia/China/ME to co-operate if Europe were faced with the prospect of its electricity going off, and the population rioting to keep warm they'll turn their backs on Uncle Sam. Can't see any of it happening.

yogibear's picture

Beware of US Federal Reserve PhDs using accounts in Belgium, Singapore or Japan taking in dollar duping/US Treasury dumping.

The US Federal Reserve like the ECB will do anything to stop their Ponzi schemes from collapsing.

Quinvarius's picture

You have to wonder what response the Obama team will have to this.  I am sure they will come up with some idiotic sanction like barring Putin from McDonalds for life.

deflator's picture

 Maybe this explains the Chinese and Russian central banks rotation out of quantitatively eased UST into european equities. Europe will eventually join the alliance, just a matter of time.

SmallerGovNow2's picture

Count me in for the "anti-dollar" alliance...

LuciusGermanicus's picture

I don't think they will go down without a fight.

We'll meet again, don't know where, don't know when.

Long mineshaft.

7.62x54r's picture

Is there a close order drill for nailguns?

ghostzapper's picture

Why is it so difficult for people to see and admit (gotta get over that "I'm smarter than everyone else thingy") that the ONLY way to eventually get to a system that will sustain itself is to eliminate humans from controlling currencies and financial systems?  Why do people refuse to accept this?

Gold yeah, yeah, yeah.  Sorry it's a store of value no doubt but it has essentially zero practical use in everyday life.  Every "soverign" currency is ultimately connected to greedy politicians/bankers and will ALWAYS ultimately fail.  How many more times do we need to see a manipulated currency fail to acknowledge this?

It's time for a decentralized peer-to-peer based system independent of banker/politician control. 

lasvegaspersona's picture

any or all fiat currencies would work. As long as they are not seen as a store of value fiat works just fine. If there were 6 major fiats and gold was the store of value and the means of settlement then the printers would be forced to behave or else see their fiat become very weak in gold. just a Thought!

ghostzapper's picture

I hear ya.  One little problem (which I have raised here numerous times previously):  how much gold exists, where is it, who owns it and why the fuck would I believe any of the answers anyone gives me to these questions?

Gold unfortunately is still connected to humans and human behavior in the sense that NOBODY can tell me with precision the answers to those questions. 

NickVegas's picture

What is wrong with gold and silver? Who cares how much there is. It takes a fixed amount of labor to mine, so it is a decent metric for human labor.

Tall Tom's picture


The major problem with your thesis is the removal of human behavior.


It is humans that conduct commerce. Shall human behavior anish from commerce?

The economy is made up of humans. Without humans an economy is unnesscessary. Economies are moot without humans.


What do you expect? Machines? HFT algos?


An economy without human behavior is no economy at all.


That is...sort of like what we have today.

gcjohns1971's picture

People do see it.

They simply don't object to the built-in injustice of the system.

They want it.

Their complaint is that they want to be the recipients of the loot rather than the source.

grekko's picture

Good riddence to the MIC/Bankster alliance.

Joe A's picture

Business people in the EU saying: "Fuck the US"

yogibear's picture

Kill the petro-dollar and reserve  currency and you take away it's stength. 

Wall Street has no loyalty.  It will re-locate where the money center is.


Joe Tierney's picture

Russia has 'built' the doomsday machine! But this one's targeted - it's a doomsday for the U.S. and for the U.S.-centric order.


That's what you get for flickin' your Bics next to the bomb fuse!


Hey! What is 14 inches long and hangs in front of assholes?


Bush-43 and Obalma's neckties!


BruntFCA's picture

The real Joke, is that Russia under Putin has gone from International Socialist (communist) to National Socialist! Putin now faces the same forces that were pressed against Hitler by the so called International Banking community - Putins crime is to be a nationalist, whereas we're all supposed to love the the enforced multicultural  empire of International Plutocrats as represented by the so called "United States".

The US is terrified that Europe no longer needs to orbit around the US.  Europe and Russia make a very strong economic/geographic and cultural mass. The maniacs in Washington would happily see Europe and Russia destroyed just so that they can keep their empire, or at least force Europe back into the deaths embrace of the US dollar. Washington has truely become the empire of evil.

Dublinmick's picture

The "US" is not terrified, the US makes no decisions. The bankers in London and Rome are edgy at the possiblity of Europe tilting towards Russia. A country (US) which is some 18 trillion in debt to London bankers makes no decisions of any consequence at all even though deluded citizens continue to believe that is not the case. Presidents are installed by those who print the money, always have been and most US presidents have been cousins of the queen, just like Bush and Cheney.

Dublinmick's picture

If you do not believe that, ask yourself why Britain uses it's own currency. The master remains aloof.

BruntFCA's picture

Istead of US I was going to say the Anglo-American establishment, to which you need to add the Zionists. The US is not in debt to London; London cannot issue Federal Reserve Notes or debt. The US is not in any real danger of not being able to notionaly "pay" the debt, as Alan Greenspan pointed out.


Unfortunetly, the video truncates the part where he says the US *cannot guarantee the value* of the notes it prints. All that props up the dollar is the fact that most of the world is *forced* (700 US Bases across the world) to use it to buy oil, gold, steel etc in dollars. If this "backing" goes, the US could enter hyperinflation.

It does not sound like you've been to the UK - it is a joke of an economy, the whole Queen illuminati Nazi NWO story put out by Alex Jones et all is BS. The monied interests of the world are international Plutocrats, frankly if one place goes down, they can easily relocate. If you want to see whose really screwing with the US check out how many of your key influencers and public figures are members of AIPAC or are of dual nationality.

7.62x54r's picture

The US has had a fascist economy since FDRs New Deal.

lasvegaspersona's picture

Bad Dog

hmmmm 2 Rockefeller related deaths in a week. First the grandson in a plane crash and now an advisor....I wonder...