Furious Putin Orders “Project Double Eagle” To Destroy US, EU Economies

Furious Putin Orders “Project Double Eagle” To Destroy US, EU Economies

... Excerpt

April 2, 2014

In one of its most shocking reports since the beginning of the Ukrainian Crisis, the Ministry of Foreign Affairs (MoFA) is warning today that President Putin has ordered the immediate implementation of “Project Double Eagle,” which when fully realized will cause all global energy supplies to be purchased in gold thus, in effect, ending the US Dollar reign as the global reverse currency and collapsing both the United States and European Union economies.

“Project Double Eagle,” this report says, calls for The Central Bank of the Russian Federation (CBR) to begin production of 5 Ruble Gold Coins containing .1244 Troy Ounces of .900 Pure Gold, with a diameter of 18mm, emblazoned with a shielded and crowned double eagle, and which will become the worlds alternative to both the US Dollar and Euro in purchasing energy supplies.

 

Critical to note, this report continues, “Project Double Eagle” includes the creation of a new “national payment settlement system” which will allow Russia to build a foundation that could very soon offer an alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system and allow nations around the world the chance to move away from the American Dollar and US hegemony.

 

The cause behind Putin’s “furious” reaction in ordering “Project Double Eagle” today, this report says, was the “illegal and absurd” blocking of a remittance from the Russian embassy in Astana, Kazakhstan, to Sogaz Insurance Group by the largest US bank, JPMorgan this week through SWIFT and which Foreign Ministry spokesman Aleksandr Lukashevich responded to by stating:

 

“If by this the American financial company wanted to 'score points' in the eyes of the White House, it has obviously overplayed. Washington has to understand: any hostile action towards the Russian diplomatic mission not only represents a breach of the international law, but is also fraught with counter measures, which will inevitably affect the work of the US Embassy and consulates-general in Russia.”

 

Aside from Putin’s implementation of “Project Double Eagle,” this report notes, he further ordered Sberbank, the largest bank in Russia and all of Eastern Europe, to halt the issuance of consumer loans in foreign currency, a move the highly influential American financial website Zero Hedge warned “[lit] the fuse that takes away Russia's choice whether or not to depart the petrodollar voluntarily, and makes it a compulsory outcome.”

 

Important to note about SWIFT, this report says, is that it is the “glue” that holds the global monetary system to the US Dollar and that this “bank of central banks” works as the medium for currency exchanges, and has been the pivot point for global commodity and energy transactions tied to the reserve currency, but which a Russian system based on gold would “destroy in a fortnight.”

 

Also to join Russia’s new gold-denominated global banking alternative to SWIFT, this report says, will be other BRICS nations (Brazil, India, China, and South Africa) that have unanimously and, in many ways, forcefully backed Russia’s position on Crimea against both the US and EU.

 

With the US now having to pay it oligarchs 26% of its available tax revenues as interest payments, this report continues, and with the European Union now being warned it would cost them $215 billion to stop Russian gas imports, the CBR has been able to raise Russian gold holdings to over 1,040 tonnes showing its strength against Western central banks living on printed money alone.

 

To sustain “Project Gold Eagle” against the inevitable US-EU backlash, this report notes, the Ministry of Natural Resources (MNR) is reporting that the Natalka Project has already begun production and is able to supply the CBR with an “endless supply” of gold to further the success of this new global currency for energy supply purchases.

 

Note: Russia has the second largest gold reserves in the world at 12,500 tonnes (over 400 million ounces) and the Natalka Project, located in the Magadan region, is considered one of the largest gold deposits in the world and has 32 million ounces of proven and probable reserves and a total resource of 60Moz+ and began production this month.

Most ominous in this report to mention, however, is its warning that the annexation of Crimea has become a “catch-all justification” for the US to escalate its military presence virtually anywhere even remotely close to Russia, and that NATO forces are planning massive buildups in the Caucus region nations of Armenia and Azerbaijan aimed at splitting Russia too.