Just as I warned earlier this week, it appears Russia is moving to debase the Petro-Dollar, which would fundamentally destroy the quality of life Americans enjoy today.
Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy.
Reposted from Zerohedge.com; Submitted by William Engdahl via New Eastern Outlook
