DeDollarization Using Crypto – Iran Developing National Crypto to Sell Oil

“We are trying to prepare the ground to use a domestic digital currency in the country,” Alireza Daliri, deputy for management and investment at the Directorate for Scientific and Technological Affairs, told Iranian news agency ISNA, as quoted by PressTV.

“This currency would facilitate the transfer of money [to and from] anywhere in the world. Besides, it can help us at the time of sanctions.”

US President Donald Trump said the United States will quit the 2015 nuclear agreement with Iran and re-impose sanctions “at the highest level” against the country. The sanctions would limit Iran’s access to the US dollar payment system. Oil, the country’s largest export, is mostly traded in dollars across the globe. Source

What an attack. Attack the central banks, globally, and attack the petrodollar all with one shot. This is probably the reason for the intense ramp up against Iran over the past two weeks. Remember, the NSA, CIA and all the other spy agencies are gathering all digital information from around the world to use as they see fit. If one of these spy agencies actually captured a glimpse of a conversation about a cryptocurrency being developed this would explain why all the renewed noise about Iran. I am not this is what happened, I am saying this is within the realm of possibilities.

Who else has been discussing a national cryptocurrency? Russia. Who just hosted the global symposium for blockchain development? Russia. Who is one of Iran’s strongest and greatest allies? Russia. I just said it – Russia, Russia, Russia. Now I sound like corporate media.

While neither of these countries pose a major threat to the U.S. economically, their combined strength would overwhelm the West. If you add the support of China, the BRICS alliance, EAEU and the other nations aligning with China and Russia it would be difficult to overcome such a defense.

The only question remaining at this point is wether the cryptocurrency will be tied to gold or what type of gold mechanism, if any, will be involved. My guess is that gold will be involved on some level, but, it’s still very early in the game. One things for sure, we will find out in the very near future.