UNITED STATES OF AMERICA | US PETRO $ | RESERVE CURRENCY NADA | SWIFT SWIFTLY DISAPPEARED | KAREN HUDES' GENUINE ATTORNEY-AT-LAW | THE FORCE OF LU~TUNG~PIN IS AFOOT IN EARTH & THE WHIRLWIND IS TOO!

>http://theeconomiccollapseblog.com/archives/tag/petrodollar<

>http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf<

Karen Hudes (URL) on Dec 17, 10:54 AM said:

Reuters is focusing its coverage on the Ruble instead of on the Federal Reserve Note, which is no longer recognized by Russia as an international reserve currency. The rest of the BRICS nations, which represent 25% of world trade, also agree with Russia that the Federal Reserve Note is no longer the international reserve currency (Brazil, India, China and South Africa). The Group of 77, consisting of 133 developing nations, are also refusing to continue to give international reserve currency status to the Federal Reserve Note. This brouhaha about the Ruble is intended to distract from my discussion with Standard & Poors' chief economist, Beth Ann Bovino, copied to the Universal Credit Rating Group, on the downgrade of the Federal Reserve Note now that the US dollar is no longer the international reserve currency. https://s3.amazonaws.com/khudes/Twitter12.13.14.pdf  >> As for what will happen -- not to worry, because the County Executives of America have accepted the gold on offer to the United States (and the US Japan Joint Committee under the Status of Forces Agreement have accepted the gold on offer to Japan). This gold is coming from the Global Debt Facility that has been allocated to the United States, and will prevent the engineered collapse of the currencies by the network of global corporate control documented by Stefania Vitali, James B. Glattfelder, and Stefano Battiston of ETH Zurich, published September 2011

>>http://www.businessinsider.com/r-rouble-crisis-could-shake-putins-grip-on-power-2014-12#ixzz3MB9ZUI46<<