This is twice that Russian President Putin has said on the global stage the Federal Reserve Note no longer deserves the status and privilege of “world reserve currency” that allows unlimited printing of the currency.
The first time he made mention he actually said that it was a threat to Russia’s national security.
In a speech at the International Economic Forum, in St. Petersburg, Russia, “Russian Davos”, President Putin reaffirmed his position regarding the Federal Reserve Note and it’s international role. For the record, we see the abuse of the Federal Reserve and the Federal Reserve Note, U.S. dollar, in similar light as President Putin. The current status of “world reserve currency” should not be allowed in this day and time. The absolute abuse of power, excessive power granted and the ability to shackle entire nations through the use of a currency that is not even their own should have never been allowed but it is way past time for this system to be dissolved.
In a speech at a plenary session, Mr Putin accused Washington of seeking to “extend its jurisdiction to the whole world.”
“But this model not only contradicts the logic of normal international communication. The main thing is, it does not serve the interests of the future.”
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