Russia Shifts Part of Its Forex Reserves from Dollars to Euros

Although a link to this article was already posted to Friday's Stock Market thread, I thought it deserved it's own thread for those (like me) who originally missed it there...

More at the link.

there a terrorist training camp in Moscow?

Saddam from doing. In 2001, Saddam switched from using Petrodollars to Euros. I believe he made about $420 million in the currency switch.

Next, bombs raining on top of Baghdad.

The US dollar has been the world's preferred reserve currency for the past half-century. It's given the US economy an unbelievable boost. I've read that because Petrodollars were used for oil purchases & sales, it basically gave us our oil free at no cost to us.

Now that's changing. The US Empire is deflating, like a huge mylar balloon with a hole in it. The fact that Russia is gradually moving out of dollars (note, Russia is still holding on to 50% of US $dollars). This tells me they're going to let us down slowly and try to move to the new paradigm which is on the way.