If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.Thomas Jefferson
1/28/2015 - In November 2014, Russian President Vladimir Putin announced that Russia would quit the "dollar dictatorship," switching to more widespread use of the ruble and the yuan in international transactions. In late December, the Russian state agricultural watchdog said Moscow and Tehran could use their national currencies in food trade.
1/29/2015 - Tensions between Russia and the West are intensifying. President Obama’s suggestion that Russia would be cut out of the SWIFT banking transfer system was met with a degree of hostility and threatening words that has not been customary of the Russian government. Prime Minister Medvedev warned that the “Russian response – economically and otherwise – will know no limits.”
1/27/2015 - IMF economists know there are not enough rich people to fund today’s governments even if 100 percent of the assets of the 1 percent were expropriated. That means that all households with positive net wealth—everyone with retirement savings or home equity—would have their assets plundered under the IMF’s formulation.