Quote from: Hydrogen on May 13, 2018, 11:37:03 PM

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Putin pushes the agenda to move away from the dollar, time is closing in on the economy completely breaking down and it seems Russia and China are ready to breakaway and be independent.

Bolded: If I remember right, the united states and european union imposed sanctions against russia and banned them from the SWIFT financial network. The only option available to russia (and nations under sanctions) was to find ways to become more independent and operate outside SWIFT utilizing financial networks which are denominated in something other than the US dollar. In a way, one might say that russia was banned from using the dollar under sanctions, and so they sought alternatives which is a bit different from blaming Putin for everything.

No, it never happened.
Second, SWIFT is not about the US dollar, as the company has been founded in Belgium.
It's all about access to the network, I doubt transactions between banks in Australia and Japan are happening in $.

Quote from: Hydrogen on May 13, 2018, 11:37:03 PM

The major push for abandoning the us dollar comes from china btw. Over the last year china has moved to denominate its oil transactions in the yuan (china's native currency). China has leveraged its political and economic influence towards forcing saudi arabia and russia to likewise sell china oil in their native yuan currency. I don't know how Vladimir Putin deserves the blame for any of this but alas he looks innocent here.

Which led to nowhere...
RMBs share as a world payments currency, 2012-February 2018:

Quote from: ladydark on May 13, 2018, 11:54:30 PM

China and Russia have been trying to avoid USD for years and now,i think that they have succeeded by getting crude oil from Iran with their own currencies.Tgey are even trying to add some more countries in their group in the war against USD.

Yeah, Russia getting oil from Iran is one hell of a move...

Quote from: DooMAD on May 14, 2018, 11:29:39 AM

Not just them, but all the BRICS nations are hedging against USD and have effectively launched a rival to the World Bank, emphasising trade in local currencies. There was also talk of having their own BRICS cryptocurrency, but I'm not sure if any steps have been taken to implement the idea yet.

It's not BRICS, it's more like C alone, the other four are in such a mess nobody is taking them seriously.
Brazil? The capital of corruption and murders? Russia, the biggest country on earth with huge reserves of everything valuable and the GDP of Netherlands? South Africa, racing 1000 miles an hour to catch Venezuela ?