Recent Featured Videos and Articles | Eastern “Orthodoxy” Refuted | How To Avoid Sin | The Antichrist Identified! | What Fake Christians Get Wrong About Ephesians | Why So Many Can't Believe | “Magicians” Prove A Spiritual World Exists | Amazing Evidence For God | News Links |
Vatican II “Catholic” Church Exposed | Steps To Convert | Outside The Church There Is No Salvation | E-Exchanges | The Holy Rosary | Padre Pio | Traditional Catholic Issues And Groups | Help Save Souls: Donate |
Russian lawmaker wants to outlaw U.S. dollar, calls it a Ponzi scheme
Marc Bennetts washingtontimes.com MOSCOW — Predicting the imminent collapse of the U.S. dollar, a Russian lawmaker submitted a bill to his country’s parliament Wednesday that would ban the use or possession of the American currency. Mikhail Degtyarev, the lawmaker who proposed the bill, compared the dollar to a Ponzi scheme. He warned that the government would have to bail out Russians holding the U.S. currency if it collapses. “If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017,” said Mr. Degtyarev, a member of the nationalist Liberal Democrat Party who lost in Moscow’s recent mayoral election. “The countries that will suffer the most will be those that have failed to wean themselves off their dependence on the dollar in time. In light of this, the fact that confidence in the dollar is growing among Russian citizens is extremely dangerous.” The bill would partially revive a Soviet-era ban on the dollar. It would prohibit Russians from holding dollars in the country’s banks, and banks would be unable to carry out transactions in the dollar. However, Russians still would be able to buy or sell dollars while abroad and hold dollar accounts in foreign banks. Russia’s Central Bank and the government would be exempt from the law. to read more click here: washingtontimes.com
Sign up for our free e-mail list to see future vaticancatholic.com videos and articles.
Recent Content
^