Putin: The West’s Addiction to Debt Will Cause a Global Financial Crisis

July 05, 2023

by Mac Slavo SHTF Plan

As Russia’s plans for de-dollarization unfold, president ruler Vladimir Putin says that the West’s addiction to debt will be the cause of a global financial crisis. However, if a de-dollarization is successful, the BRICS nations could be much better of than NATO and the West. once the global economic crisis unfolds.

The uncontrolled accumulation of debt by Western countries is increasing the risk of a new global financial crisis, Putin warned on Tuesday as his ruling class works with China on a global de-dollarization plan.

According to a report by RT, Russia-China trade and economic cooperation is expanding, with over 80% of settlements between the two nations currently made in rubles and yuan, Putin has revealed. The Russian ruler was addressing a virtual summit of the Shanghai Cooperation Organization (SCO) on Tuesday via video link from Moscow. The 23rd SCO summit is being chaired by Indian Prime Minister Narendra Modi.