wehateporn

Russian lawmaker seeks to ban US dollar, predicts 2017 collapse


Full Story http://rt.com/business/russian-lawmaker-dollar-ban-663/

"To protect Russians against the ?collapsing US debt pyramid?, a Russian legislator has filed a draft bill to ban circulation of the currency in Russia.

Once a Moscow mayoral hopeful, Mikhail Degtyarev, 32, likens the US dollar to a worldwide ponzi scheme which he says is scheduled to end in 2017.

?If US national debt continues to grow at its current rate, the dollar system will collapse in 2017,? the submitted draft legislation says.

?In light of this, the fact that confidence in the US dollar is growing among Russian citizens is extremely dangerous,? Degtyarev wrote in his explanatory note attached to the bill.

The bill would impose a ban on dollars within a year of its passage, and any private citizen holding accounts in dollars would either need to spend the money or convert it to another currency. There is no proposed ban on the euro, British pound, yen, or yuan.

If one doesn?t exchange or transfer dollars within a year, the dollars will be seized by officials, and reimbursed in rubles within 30 calendar days.

Under the proposed legislation, Russians would still be able to use dollars abroad and have foreign bank accounts, as well as buy goods on the Internet in dollars.

The Russian government, Central Bank, Foreign Ministry, Federal Treasury, Federal Security Service, and other state branches would be exempt from the law.

To protect Russian nationals, Degtyarev proposes to end dollar transactions and deposits at Russian banks, which would give rise to the ruble, and end dependence on the world?s dominant currency.

Part of the bill aims to restore the prestige of the ruble, which has weakened as the Russian economy battles inflation and slow growth.

Raising the prestige of the ruble by nixing foreign currency isn?t a novel idea- it was practiced during the Soviet Union when holding foreign currencies was illegal. A similar ?anti-dollar? proposal was filed by Duma deputies in 2003, but completely flopped.

Moscow, a developing financial center, is home to several international corporations, and many companies pay their employees in dollars, or ruble salaries pegged to the dollar.

If the bill garners enough support, it will continue onto as many as three preliminary hearings before being passed into law.

Degtyarev has made a name for himself with his outlandish proposals- from giving women extra holidays during menstruation, to his declaration Russia would lead the fight in defeating the antichrist. He serves as the head of the science and technology committee in the lower house of the Duma.

The populist Liberal Democratic Party (LDPR) is a political platform for Vladimir Zhirinovsky, who is famous for political antics and outlandish bills.

On the same day, November 13, Belarus issued a statement denying rumors they were mulling a similar currency ban, after an opposition group reported a currency circulation ban that would get rid of dollars and euros in two months.

Citing Alexander Timoshenko, a representative of the Belarus?s National Bank, Interfax reported the rumors were ?absolute nonsense? for a country with an open economy."

Story continued http://rt.com/business/russian-lawmaker-dollar-ban-663/

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Mr. Garibaldi

nobody will ban shit, stfu

DutchTrafficService

Good move if they do this.

crockett

In other words that are just trying to pump up the stumbling rubble, by forcing their people to use it..

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In November, you can vote for America's next president or its first dictator.

DutchTrafficService

How are they not 100% correct by stating the us dollar is a ponzy scheme?

The state the US is in right now is a total clusterfuck, if only just Japan or China decides to offload some US debt, the US is in total anarchy by tomorrow.

wehateporn

Business idea for MrDeiz, think of a new Ponzi scheme for Russian webmasters to be paid in, needs to be ready by 2017

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$5 submissions

Everytime the Dow hits a new high, the realization kicks in that the crash might get even more painful

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wehateporn

Sometimes stuff does get banned, even I got banned once

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wehateporn

US will be even more pissed about their NGO's getting kicked out of Moscow, they wanted to bring 'Democracy' to Russia and put their own puppet in charge. There will be a Plan B, surely Putin will be assassinated to save the $ Ponzi Scheme

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wehateporn

Bit of this too, a lot of this, but at the same time the US $ is a Ponzi Scheme

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wehateporn

Wealth Transfer

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crockett

If China or Japan decided to offload debit, they would be in just as much or more trouble than the us. Both depend on a good us economy to survive.

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In November, you can vote for America's next president or its first dictator.

wehateporn

Would need to set off some nukes or something

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directfiesta

Anybody/country that tries to ''leave'' the usage of the US$ either gets invaded and/or its head of state killed

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I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....

DutchTrafficService

I want to see the US invade half of the world when they decide to dump the dollar...because there will be a point when enough is enough, the dollar is steadily losing it's status as a reserve currency for the last few years already, which is accelerating as we speak.

DTK

edit: self-ownage

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Arguing whether the Democratic or Republican party is better is like debating which steaming pile of shit is slightly less stinky.

DutchTrafficService

wehateporn

Look closer for the '?' at the end of the title

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DTK

I appropriately edited my post , but it is something I've seen you do.

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Arguing whether the Democratic or Republican party is better is like debating which steaming pile of shit is slightly less stinky.

wehateporn

I generally copy the title of the video/article, though maybe there has been an odd case where I've knowingly misrepresented information, not sure off the top of my head (if it did happen I must have been bored)

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mineistaken

Too bad we have to wait until 2017 to confirm that another one of your predictions were wrong.

wehateporn

YouTube feeding me this, chap says $ dead by 2020

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wehateporn

Putin is a hard man to assassinate, anyone can know that the banker's want him dead, that's not up for debate, the question is will they succeed?

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DWB

Even Stevie Wonder can see a US currency collapse in the somewhat near future. It is literally going to take a miracle for it not to happen. Mathematically, what they are doing is unsustainable.

Deputy Chief Command

how long till the UK stops using the pound and starts using the EURO ?

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wehateporn

When it no longer benefits the powers that be, at the moment they like having the £ as they can manipulate it for easy profit

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directfiesta

the day they drive on the right side of the road

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I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....

DTK

We had a British speaker at Econ class one day. According to him, the british people said "no fucking way" (my words lol) because they were fucked in a devaluation scheme in 1992. Thus, they were wary of any currency-type moves.

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Arguing whether the Democratic or Republican party is better is like debating which steaming pile of shit is slightly less stinky.

mineistaken

I was talking about Putin assassination, not about dollar collapse.

tony286

Its like this internet fantasy the dollar isnt going anywhere.

DutchTrafficService

It's a mathematical fact, sorry.

bronco67

If anyone knows a scam, it Russia -- so I believe it.

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L-Pink

You're an idiot.

DutchTrafficService

Good argument, wouldn't expect anything else from such an "exceptional" american like you.

L-Pink

Take your anti-American bullshit somewhere else.

Only a fucking idiot would come to this forum with your comments. Like one of the most successful posters here pointed out to your stupid ass, "Don't shit where you eat"

.

DutchTrafficService

Yet another masterpiece

And about your "don't shit where you eat", i'm not a "bro-licker" here, i don't need anyone here, nor do i need to sell anything to anyone, i can save myself just fine, thank you.

DWB

Ah. Then I would agree with you.

Markul