“That will not be the case,” Ryabkov said. “People will bypass, in literal terms. And people will find ways how to defend themselves, how to protect themselves, how to guarantee themselves against any emergencies if someone comes up at the White House or whatever, at the Treasury, at the State, and says ‘Hey guys, now we should stop what is going on in Country X, and let’s squeeze them out.’ And this country sits on the dollar. So they will be done the moment those ideas will be pronounced. So China, Russia and others, we create alternatives that we will most probably continue using not just national currencies, but baskets of currencies, currencies of third countries, other modern barter schemes.”
“We will use ways that will diminish the role of dollar and US banking system with all these risks of assets and transactions being arrested, being stopped,” Ryabkov concluded.
This seems to be pretty clear to me. But not so clear what it means for gold and alts...except insofar as the USd is pushed off the mighty throne, the beneficiaries are perhaps numerous...
