Russian President Reveals Proposed World Currency

Looks like a hub cap off a Russian Car .

This abandonment of the US dollar as the currency of international finance has, of course, been coming on for a long time. And a good thing it is too, in my view. The US Empire is a failure economically, which is becoming increasingly obvious everywhere, save maybe in Harper's Canada, and is the main danger to peace and the national well being of people everywhere And this includes within the US itself, even despite Obama's panic to change this perception of itself at home, as a failure.

Which doesn't mean that I know, for so long as capitalism survives anyway, that I know what currency is likely replace it, which could well be Russia's, though more likely
China's. Though if we are lucky, the entire "global trading system", at least as it has existed under capitalism, under the dominance of its succeeding Empires, will all unravel and collapse. In the vacuum of which a new order of things will gradually arise, where trade is worked out in a voluntary, mutually respectful relationship, people to people, between "equal" states, as opposed to dictated to by the succeeding Empires of capitalism, with their constant threats of military intervention assuring their capacity to dictate terms over the relatively weaker, of which the US Empire is only the latest in a line.

As it is time to end the dominance of the priesthood/clerics everywhere, echoing the demands from the streets of Iran, it is likewise time to end the bully relationship of the US Empire and its capitalist system with the rest of the world, including with ourselves.

Drive them back into their own pen/backyard, where they can be better controlled for awhile, and hopefully... civilized. Undercut the value of their dollar, and we will go a long ways to rendering them toast.

China is developing it's own problems, and when fuel becomes a luxury commodity, will soon quit being the sweatshop to the world.

Russia, by signalling it's approval of a world currency, is showing that it is "onboard" with this global conspiracy..........

Agree entirely, Rick. There are no real good or desirable options, short of, in my preference, a collapse of the entire current global trading regime, and the evolution of a new one upon a different economic model foundation. That said, a collapse of the US dollar stranglehold on trade is an essential prerequisite to moving forward, if only one small step.

That Chinese and Russian model capitalism are themselves rife with oppression and inequality problems, is a given. (We may in the earlier events in Tibet, and now around the Muslim rioting in the Xinjiang region, may well be pointing to a coming breakup of the Chinese Empire in fact. Though this is a too early conclusion to draw yet.)

Coyote

Tibet has water, and Xinjiang has oil, both of which the Chinese need desparately.