The Unz Review • An Alternative Media Selection$
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 BlogviewAndrew Anglin Archive
Russia and Iran Officially Link Their National Banking Systems
Search Text Case Sensitive  Exact Words  Include Comments

Bookmark Toggle AllToCAdd to LibraryRemove from Library • B
Show CommentNext New CommentNext New ReplyRead More
ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
AgreeDisagreeThanksLOLTroll
These buttons register your public Agreement, Disagreement, Thanks, LOL, or Troll with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used three times during any eight hour period.
Ignore Commenter Follow Commenter
List of Bookmarks

All of these small moves by the non-Western countries are starting to stack up.

You can easily see the dollar falling as the world currency over a period of decades, just on this current trajectory.

Unfortunately for homosexuals and Jews, that trajectory is likely to get a lot steeper if and when the US empire starts to expend itself militarily.

The dollar system and the war machine are fundamentally linked and one cannot exist without the other.

RT:

Moscow and Tehran have officially finalized the pairing of their national payment systems, which will allow travelers from the two countries to use their domestic debit cards for purchases in either Iran or Russia, media in Iran are reporting.

Addressing a formal ceremony in Tehran on Monday, Central Bank of Iran (CBI) Governor Mohammad-Reza Farzin described the connection of Russia’s Mir and Iran’s Shetab payment systems as a major step towards economic cooperation and de-dollarization, as well as facilitating economic and tourism relations between the two countries.

“The project … started with the aim of creating integration in the payment networks and facilitating financial transactions between the citizens of the two countries,” the CBI chief stated, as quoted by the Tehran Times, noting also that the process will consist of three phases.

Farzin had earlier told reporters that the agreement to connect the two countries’ domestic payment systems was finalized during a meeting with his Russian counterpart Elvira Nabiullina on the sidelines of the Financial Congress of the Bank of Russia in St. Petersburg in July.

Standardizing payment systems is a big step in allowing these countries to bypass the dollar, though it is the underlying financial mechanisms that matter the most. This is a more complicated process that will require China and Russia to work together to establish a new currency backed by gold.

China has already started dumping US treasuries and buying gold, so that is on the way as well.

Even if the US does not burn out in a war, this current situation is unsustainable.

(Republished from The Daily Stormer by permission of author or representative)
 
• Category: Economics, Foreign Policy • Tags: Banking System, BRICs, China, Dollar, Iran, Russia 
Hide 13 CommentsLeave a Comment
Commenters to Ignore...to FollowEndorsed Only
Trim Comments?
    []
  1. AxeGryndr says:

    “The dollar system and the war machine are fundamentally linked and one cannot exist without the other.”

    I have made a similar comment regarding this premise recently here, and It has been known for a long time. Wokism, feminism, indeed, all the liberal excesses are a luxury that will die a hard death when we eventually collapse.

    • Agree: Emslander
    • Replies: @rssnazi
    , @Carney
  2. eah says:

    That’s one step.

    The problem for BRICS+ as a trading block is that it includes a number of nations with weak economies whose currency no one really wants to hold, accept, or use as a payment medium — so they need to setup an exchange and settlement mechanism that facilitates dollar-less trade in a way that’s acceptable to member states — every member must be willing to accept its own currency as payment — so if e.g. Ethiopia wants to buy oil or other raw materials or manufactured goods from Russia but doesn’t have the hard currency and the Russians don’t really want to accept Ethiopian currency (whatever it is), the Ethiopians should be able to acquire rubles via a central bank swap or exchange arrangement, or use another common payment method approved by and for BRICS+ members.

    • Replies: @Alexandros
  3. rssnazi says:
    @AxeGryndr

    And without linking Dollar to petro – oil that runs the world ,the dollar could have never been able to destroy Soviet. Dollar became gold that everyone needs,only the US can dig to get , and and it can dig same empty mine to get more gold out.
    Nice arrangement that has hurt the ME most .

  4. Rich says:

    Still on its infancy, but could be a major blow to US. Makes an attack on Iran more likely. If it works, we’re all going to be a little poorer in the West when that happens. Pushing homosexuality, abortion, promiscuity has probably sealed the deal for America’s decline.

  5. Let the high tech arms deals commence in earnest among all BRICS+ nations!

    The US will gnash their teeth and sanction fellated Russian pickle seeds and Iranian camel butt rim oil as punishment.

  6. @eah

    Hitlers Germany had a simple solution to these issues: barter.

    Strange that none of these “independent states” can think up similar solutions.

    • Thanks: Gerbils
    • Replies: @HdC
  7. The only way to slay the Leviathan is by congealing its foul blood – fiat currency. Without the ability to print & export inflation via the Reserve Currency ALL the games, the entirety of the welfare / warfare state become untenable.

    Therefore expect the USD to be the target of the east and if it isn’t then you can conclude the big strife is really just more smoke & mirrors, mere theater.

  8. Uriel says:

    You must understand that there is no multipolar world and there won’t be one. Even if the USA collapses, it’s still the same world order and will remain so until Jesus’ second coming. Because all the kingdoms in the world are controlled by Satan. 2 Corinthians 4:4, Luke 4:5-6, John 12:31, Ephesians 6:12

  9. HdC says:
    @Alexandros

    Indeed! Churchill took great offence with this because his London banker backers would not be able to profit from such nation to nation trade.

    In all likelihood Roosevelt was also against this type of trade since he was beholden to the Wall Street bankers in New York.

    Any country initiating such trade is running afoul of international bankers and risking war. Mind you if Russia and China were on board with such trade, things might be different one would hope.

    • Agree: Alexandros
  10. China has already caved-in to US demands and will not do as Iran did. But India does. as they get petrol for cheap they can sell with huge profits to the hypocrites in Europe.

    Russia had it easy with Iran because Iran knows the zionist owned US might attack them next year as puppet number 1 Trump has been selected.

    I would bet more on some Central and south-American countries, North Korea , African countries and Central Asian ones than China.

    However, it’s a good thing.

    I hope Russia is also providing nuclear heads to their Irania allies. Just to make ‘israel’ even smaller again.

  11. The USD can only be used for a weapon for so long before the rest of the world stops pointing that gun at themselves.

  12. Carney says:
    @AxeGryndr

    By the way, China is also giving into feminism and having female fighter pilots on aircraft carriers.


    Video Link

Current Commenter
says:

Leave a Reply - Comments on articles more than two weeks old will be judged much more strictly on quality and tone


 Remember My InformationWhy?
 Email Replies to my Comment
$
Submitted comments have been licensed to The Unz Review and may be republished elsewhere at the sole discretion of the latter
Commenting Disabled While in Translation Mode
Subscribe to This Comment Thread via RSS Subscribe to All Andrew Anglin Comments via RSS
PastClassics
From the Leo Frank Case to the Present Day
Analyzing the History of a Controversial Movement
The Surprising Elements of Talmudic Judaism