Putin: America is Committing a Huge, Strategic Mistake and Undermining Confidence in the Dollar

Dear Reader,
During an energy conference in India, President Vladimir Putin openly talked about the coming end of the U.S. dollar as a reserve currency.

“Dollar-free settlements that incidentally will undermine the dollar. In this context – I have said this many times but would like to repeat it again – I believe that our American partners are committing a huge, strategic mistake and undermining confidence in the dollar as today’s only reserve currency.

They are undermining confidence in it as a universal instrument and are really biting the hand that feeds it.

This is strange, even surprising, but I think this is a typical mistake made by any empire when people believe nothing will happen, that everything is so powerful, so strong and stable that there will be no negative consequences.

But no, they will come sooner or later.”

All reserve currencies come to an end.

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    The timing of such an event is impossible to pinpoint, and I certainly don’t want anyone reading this to think that this is imminent.

    I’ve always said that the dollar system works for everyone in power and they will absolutely defend it, even if that means war.

    Here are two interviews I recently did on the topic: X22 Spotlight andRethinking The Dollar.

    Best Regards,

    Daniel Ameduri

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      Legal Notice: This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.