In addition to our last article “Alliance Launching Final Assault vs. Deep State,” more details have come out from Russia, and this is one of the confirmation that everyone is waiting for.
In recent months Russia, as some claim, “strenuously prepared for Putin’s meeting with Trump”. What does this mean?
Firstly, in April the Central Bank of the Russian Federation dumped nearly a half of US Treasuries that it had on its balance, having reduced their stock from $96.2 billion to $48.7 billion.
In May the Central Bank continued to do this, having reduced the quantity of treasuries on its balance even more.
Certain news agencies only emphasized that Russia dropped out of the list of the largest holders of treasuries, having noted that this “is less than $30 billion”. They use students in these news agencies, and as a result such “news” appears.
Having read the full report of US Department of the Treasury, it is easy to see that the size of the Russian investments in treasuries was reduced to $14.9 billion, i.e., more than sixfold in two months. But there still isn’t any data for June…
Secondly, some observers noticed that against this background the Central Bank of the Russian Federation continued to increase its gold reserves.
|Date||Monetary Gold (mln $)|
Since the Central Bank shows in its report the amount of gold in the dollar equivalent, we will have to convert it at the rate of the corresponding number.
- On April 1st 80482/1340 = 60,061 million ounces.
- On May 1st 81146/1315 = 61,707 million ounces.
- On June 1st 80511/1301 = 61,884 million ounces.
As we see, the amount of gold indeed steadily grows.
Some were stupid enough to be indignant because the Central Bank buys gold while it goes down in price. On the one hand, if it bought it at the top peak of the price, then it would be worse. On the other hand, it is possible to assume that in the near future certain events are expected that can significantly raise the price of gold.
If we work like system analysts, then we need to coordinate at least two more facts with the aforementioned.
Thirdly, the majority of Russian state corporations and a number of banks and companies with State capital switched (or are in the process of switching) to the Russian System for the transfer of financial messages of the Bank of Russia (SPFS), which actually means abandoning SWIFT.
Very recently, in June, “Gazprom Neft” also tested a transition to SPFS.
As was stated in the press release:
“The use of a sole system that all Russian credit organisations are connected to instead of many local bank clients allows to considerably increase the speed, reliability, and security of carrying out financial operations and to optimise expenses”.
And fourthly, the head of “VTB” Andrey Kostin met with Putin the other day and presented to him a report on the activity of the bank. During the meeting Kostin, in particular, said two things:
- Since the beginning of this year, people seem to be less interested in making dollar deposits or taking out dollar loans, compared to ruble-denominated deposits and loans. We believe this to be an important step towards the de-dollarisation of the Russian finance sector.
- VTB experts have drafted a package of proposals designed to further promote the ruble in international settlements and thus develop the Russian market for floating Eurobonds, shares and creating other derivatives that are now used only in the West. I think that we need to create our own financial tools. This would serve as an additional safeguard for the Russian financial sector against external shocks, and would give a new impetus to its development”.
As we can see, both State corporations, and State banks are actively preparing for the de-dollarisation of economy (or, if to be more exact, carrying it out with confidence) and possible problems from SWIFT, and also increase the self-sufficiency of all systems (communication, payment, and so on).
I think that if there is the desire, then it is possible to significantly add to the provided list of measures. Russia consistently and surely dumps the dollar (and, quite possibly, prepares for the “perfect storm” in the global economy that was predicted long ago), and today none of Trump’s words or actions can change these aspirations.
Because no Trump is able to stop the impending storm.
Translated by Ollie Richardson and Angelina Siard
RT just confirmed the above information, like so:
Putin explained Russia’s liquidation of US Treasury holding and increasing of national gold reserves as a strategy to minimize risks.
The president’s comments came weeks after US Treasury data revealed that the Central Bank of Russia (CBR) had significantly reduced its holdings of US securities.
Russia launched a gradual sell-off of US sovereign debt in 2011, which has intensified over recent months, as Washington imposed numerous rounds of sanctions against Moscow.
So far, the Bank of Russia has slashed its holding by more than 90 percent, from over $150 billion to just $14.9 billion in May. The regulator explained the sell-off as part of Russia’s strategy to diversify its reserves following a financial, economic, and geopolitical assessment.
China, for her part, destroyed the myth of the multi-billion US-China trade deficit that’s being used to justify tariff impositions from the US front. It seems that Trump is deliberately trying to bankrupt the Deep State corporate sector instead, which could become the target of China’s retaliation, e.g. Boeing, Ford, Apple, HP and countless others.
So, we have yet to see the size of countermeasures, i.e. unloading of US treasuries and counter-tariff impositions, that the Chinese will unleash in the coming weeks.
As most of you may have noticed, the BRICS Summit this year is being held in Africa, and most of the people there are highly appreciative of the economic assistance provided to them by China.
The CIA terror networks in the continent are also under real threat by the delivery of Chinese made arms to the duly elected African governments.
In addition to Chinese infrastructure investments in the African continent, Russia will also deliver its own share of the unprecedented developments in the region.
Trading between the BRICS countries has surged 30%, according to reports and is now the engine of growth in the global economy. What this means is that the bulk of the economy and the system that facilitates the global exchange of goods and commodities is now in the hands of multilateral entities that are outside of the control of the Rothschild dynasty.
However, the Deep State military industrial complex honestly believe that they can bully everyone, and bleed American taxpayers and those of its allies some more.
But the Iranians are planning to block the Persian Gulf when pushed over the edge.