Ethereum Will Soon Become Russia's National Currency

For a cleaner presentation, visit Squawker: Become the Counterculture

Over the last few months, we consistently hear about how Russia, along with Brazil, India, China, and South Africa (known as the BRICS nations) plan to abandon the U.S. dollar for gold; a move that would seem as if Putin is breaking free from the international banking system.

Titles on articles have emerged that run with this idea, claiming he is battling the ruling elite - that he is a traitor to the New World Order."

Putin himself, in front of a gathering inside the Kremlin, has stated:

"I'm going to defeat the Illuminati with my bare hands."

The problem here is the Bank of Russia is a part of the international banking cartel.

Last week Putin meets with Ethereum founder Vitalik Buterin.

Ethereum is a cryptocurrency that utilizes blockchain technology and is backed by several major banks, investment firms, and corporate giants, such as Microsoft, J.P. Morgan, Credit Suisse, ING, Intel, UBS Financial Services ... the list goes on.

As the U.S. seeks to fear monger the incredible revolution that is blockchain, a technology that is said will not only change currency, but our world as we know it, Putin wants to implement it and change his nation's currency ...

... as do most of the central banks of the world.

According to Kalukhov, who joined the Russian central bank as deputy chief information officer in February 2015:

"Regulators support its adoption to a variable extent: some countries just don’t have enough technology companies, desire to do this or interest to the technology."

He further indicated that the Bank of Russia is keeping a close eye on technology developments, calling it a "key interest as the regulator".

According to a Bloomberg article: Russia’s central bank has already deployed an Ethereum-based blockchain as a pilot project to process online payments and verify customer data.

“The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” Putin said.

Vlad Martynov, an adviser for the Ethereum Foundation, a non-profit organization that backs the cryptocurrency:

“If Russia implements it first, it will gain similar advantages to those the Western countries did at the start of the internet age.”

Then this past Friday we have the Russian ruble sliding 1.3% against the dollar as an influential banker fueled speculation about a possible sharp devaluation of the currency and the Russian central bank slashed the main interest rate.

In fact, the ruple is down more than 26% from a year ago.

Is it possible the Russian central bank is allowing the ruple to devalue to the point of inevitable collapse - so that Ethereum can take its place?

Putin is not battling the international banking system - he is becoming their new world leader that will pilot the next major empire once the Western Nations crumble.

A digital currency, for a new digital age.