Tuesday, December 3, 2013

Russia Debates Outlawing US Federal Reserve Notes


By Susan Duclos

Russia is debating a bill that would completely outlaw the US Dollar, predicting the dollar’s total collapse by the year 2017, with Russian lawmaker Mikhail Degtyarev quoted as saying “If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017. The countries that will suffer the most will be those that have failed to wean themselves off their dependence on the dollar in time….”

More on this in the video below from The Lip TV:

Via the video details:

Russian lawmakers are debating a bill that would ban the US dollar in Russia as a means of avoiding the negative effects of the dollar collapsing–which they speculate should happen by 2017–and would reinstitute the ban that was in place during the socialist administration of old. We look at how the dollar is getting called out as a “ponzi scheme,” and what this means for our currency and foreign relations in this Buzzsaw news clip with Tyrel Ventura and Tabetha Wallace.
Watch the full episode here:

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