Vladimir Putin Predicts the Speedy Collapse of the Dollar

Putin has never been this bearish on the dollar — until now

Editor’s note: This is not the first time Putin has said that dollar’s status as the world reserve currency is being eroded (and that America’s own weaponization of it was to blame). It is also not the first time he has communicated this is something that Moscow would welcome. It is the first time however that he has expressed the opinion that US dollar will exit the scene sooner rather than later. For the record Russia’s own de-dollarization is fast becoming a reality.

Russian President Vladimir Putin succinctly summarized the shifting tectonic plates of geopolitics.

First he explained the status quo…

“The Dollar enjoyed great trust around the world. But, for some reason, it is now being used as a political weapon to impose restrictions.”

Then Putin explained the consequences…

“Many countries are now turning away from the Dollar as a Reserve Currency.”

And ultimately what happens…

“US Dollar will collapse soon.”

And just like that, it was gone. Remember “nothing lasts forever”…

As Bloomberg reports, Russia’s central bank has been the largest buyer of gold in the past few years.

Of course, Putin is not the first (and won’t be the last) to suggest the end is nigh for the dollar…

The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.

“The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank. “The solution to this is to replace the national currency with a global currency.”

Warren Buffett once explained that “for 240 years it’s been a terrible mistake to bet against America, and now is no time to start.”

We don’t mean to rain on his parade too much, but the following charts suggest time is ticking, as the world transitions from dollars to non-fiat reserves…

Source: Zero Hedge

  1. Big Rye Dubs says

    Too bad he didn’t say: “The American dollar is the greatest ponzi scheme of all time. They print money out uncontrollably by flooding the market. For example, if they want to buy a country, they can just print out money and buy the country. For some reason, the dollar has not collapsed already because of this corrupt activity that permeates through their banking cartels. Who watches these money printers? Where does this money go? How can you keep printing billions day after day with no consequences?”

  2. Jozo Magoc says

    The cycle-graph is by 175 years gaps..But the US 1$ bill anmounces the Novus Ordo Seclorum in 2033,the Great Year end date,plus Great Jubilee Year…For this reason are there the 33rd degree judeomasons,in 2033…And Liberty Street 33…Plus 11 times this date on the 1$ bill,US great seal,US flag,US Skyscrapers calendar,plus 9/11 oficial,zionist Database(= Al Kaida)!

  3. ArcAngel says

    Nothing new and I think Pres Putin knows “The Plan”.
    I would humbly suggest that the “Master’s of The Universe” are speeding up “The Great Works…”, or its just coming to that stage.
    The US as the World’s fiat currency was ALWAYS a “time-exed” paradigm, and acting as the world’s bully, sorry, “world’s policeman” was also a limited factor…
    The time has come to MOVE EAST… as “The Great Works of the Ages” and many other writings have described. This is all part of the plan and if one actually looks around you can see ALL happening, and if not you are “pucked” as it has been going on since the 1990’s.
    People living in the NorAm Union… ask yourselves…where the hell did ALL the manufacturing go in the 1990’s… You got it, it went EAST.
    Everyday there is more and more proof, the World is heading East, alas NorAm Union proles/serfs/slaves are too busy engaging in sodomy, turning their kids into trannies, TV/Hellywood, and stuffing their faces with poisons (senomyx/Fluoride/sugar).
    The US dollar isn’t collapsing… its DEAD.
    Current worth- about 1 US dollar = 2.3 cents.
    The “Mighty Greenback” was assassinated in 1913 and finally died in 1976.

    That’s not the worst of it… Canuckistan’s (once mighty dollar) monopoly money is only worth 70% of the US dollar…now that is something to cry over.

  4. Rowdy-Yates says

    Trump will be known as the President who destroyed the role of the dollar as a currency for international trade.

    1. JustPassingThrough says

      goes back a little farther than trump.
      try tricky Dick Nixon for starters

      1. ArcAngel says

        Hope about W Wilson, Jekyll Island and the spawning of the Fer Res in 1913. Nixon just dealt the final death blow.

        1. JustPassingThrough says

          Absolutely true. Didn’t want to overburden Michael. 🙂

      2. Rowdy-Yates says

        It is under Trump that nations have dumped the dollar but also formed organizations similar to SWIFT. Trump’s war with China has split the world’s economy into 2 camps. He has pushed the dollar over the cliff.

        1. Greg Schofield says

          The clown prince is just another proxy ruler, yep under his watch it will go and so will the rump of the US economy, but none of this is of his own making.

          I am grateful that Trump was elected, for all those hidden things that have been the bane of the world for decades, have been openly used. Trump is responsible for that, but the mad neo-cons behind it all they were there long before Trump —- go back to Reagan at least, when the lice decided they new what was best for the US host.

          1. Rowdy-Yates says

            I agree about the Tribe and if you look at the history of Trump before he became President He owed a lot to them.

    2. ArcAngel says

      You seem to have a fascination with Trumplestein.
      It seems to be clouding your judgement.

      1. Rowdy-Yates says

        I believe I have made somewhere between 3 to 4 comments on CheckPoint Asia since I am a new arrival. I doubt that is sufficient to judge me.

    3. Mary E says

      He certainly did his part in the devaluation of the dollar, but that process started
      a few presidents ago…and they were all acting under orders from their superiors. The US can blame themselves and their never ending wars to steal oil from others…it has cost them their currency in the long run….Oh! the cost of wars!!
      Washington should have been more shrewd and saved and acquired gold, but
      in their ‘infinite wisdom’ (trumpism), they have gone through it like drunken sailors

      1. Rowdy-Yates says

        It is not the devaluation of the dollar but cutting people companies and nations from using the dollar, w/hen nations are prevented from using the dollar (financial santions) they seek an alternative currency and alternative institutes to SWIFT.
        Europe has created INSTEX.
        China has created CIPS
        Russia has created SPFS
        so that they can trade without the dollar. there is no going back.

    4. The Globalist says

      Yes, I think so. History will not treat him well, although quite a few presidents have contributed to it.

      1. Rowdy-Yates says

        True. History may see Trump as “the Tycoon who became President and ruined his nation”

  5. JustPassingThrough says

    “But For Some Reason It Is Being Used As A Political Weapon”
    maybe it’s all they have left.
    endless wars have decimated the military.
    the MIC has decimated the military’s weapons.
    they have lost all their allies. isreal is not an ally. it is the master of this vassal state.
    they have lost the trust of other nations.
    they have a batshit crazy society falling apart as we watch.

    maybe it’s all the have left

  6. CHUCKMAN says

    “This is not the first time Putin has said that dollar’s status as the world reserve currency is being eroded (and that America’s own weaponization of it was to blame)….It is the first time however that he has expressed the opinion that US dollar will exit the scene sooner rather than later.”


    And there are so many other forces at work in the world towards the same end

    But I do think America’s completely ignoring what the world really wants in a reserve currency provides a powerful new driving force.

    Nations want a safe and assured store of value and internationally-acceptable medium of exchange, not something controlled by political ideology and effectively requiring users to offer a pledge of allegiance to a foreign power.

    America’s intense weaponizing of the dollar is a strong signal about arrogance and corruption. Rot from within.

    1. The Globalist says

      I think Putin is right. With much of the world’s oil supply from Russia, the Middle East and Central Asia now being dominated by Russia and China, and India moving towards them, the US is losing control of Petrol Dollar. The move in the next 5 years towards a basket of currencies will be enormous – the Euro, Ruble, Yuan, Yen and so on.

      Of course, it is inevitable with the rise of Asia and its influence, but also the US has accelerated the trend by not participating fully in the Asian miracle and by sanctioning everyone, making it a risk for them to do business in US$. And giving up its global leadership – big mistake.

      Its huge debt level, a misappropriated social welfare system of a bloated military, many social problems, failing infrastructure (and so on) indicate to me that the next 5 years will be ones of major decline for the US. I say this with trepidation because I am a Canadian sitting right across the border and our economies are quite linked.

      We will just have to keep moving to export our resources somewhere else, like Australia is doing, and keep increasing our connections with the rest of the world. Linking more with all of Asia is our best bet.

  7. Séamus Ó Néill says

    I can’t believe, even with America’s conceited arrogance, that they’re not acutely aware what the collapse of the dollar, as the world’s reserve currency and the enforced choice for oil transactions, would do to to its status worldwide. Its total debt currently runs at an eye watering $230 trillion, it has 1,000,000 army and navy personnel, 800+ military bases, 500 ships, 13,000 military aircraft. etc, etc and all the paraphernalia that servicing this monstrous absurdity entails. All this is completely unsustainable and their “get out of jail free card” is either the collapse of the worthless dollar, which they can blame on Russia or China or both…or engineer a financial collapse, which they can blame on market forces. I believe that, contrary to popular opinion, America has no option, other than let the dollar fail. A war, that some suspect she wants, would be a crushing military defeat and something she’d never recover from….this way , although heavily curtailed, she can still operate.

    1. CHUCKMAN says

      “Whom the gods would destroy, they first make mad.”

      Also, people who are full of themselves and/or a “cause” frequently go ahead and do things that the intellectual portion of their brains may well understand are risky.
      That’s just the nature of strong emotions.

  8. Melville Pouwels says

    & with the start of a global currency, ALL power switches to the ‘supranational ‘ governing bodies, allowing a conglomerate of countries [ the 1 percenters or lord rothschild ] to control everyone’s unemployment benifit, retirement pension,natural resources, TAXES & where some of your tax dollars will be spent..[ in country ]
    ultimately, the s will htf, people will revolt, but the very top few will be protected, & like rome,will begin again….[although not like the vatican, me thinks]

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