Thursday, November 14, 2013

Bill would outlaw U.S. dollar in Russia

Russian lawmaker wants to outlaw U.S. dollar, calls it a Ponzi scheme

Predicting the imminent collapse of the U.S. dollar, a Russian lawmaker submitted a bill to the country’s parliament on 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 collapsed.



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