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Post by Richard on Apr 26, 2015 14:28:57 GMT -5
I want to bring attention to the fate of our US Dollar and the impact it will have on all of us. Part 1(When Obama took office - America was the stand alone superpower on the planet and the US Dollar was considered the world currency. Even if two of our most hated enemies bought and sold oil, or other major commodities, the banking transactions were/are carried out in US Dollars. Stop for a minute and consider the price of oil - today it is $57.15 (4/26/2015). Is is not priced in Rubles, Franks, or English Pounds; but US Dollars and it is all cleared through the International Money Fund (IMF), which is based in Washington DC and dominated by America) Many suggest that the IMF has been used to blackmail countries into supporting American Policies. IMF / WORLD BANK DESTROYING COUNTRIES
The World Bank - IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money. The former chief economist of the World Bank, Joe Stiglitz, was fired recently. He pointed out to top executives that every country the IMF/World Bank got involved in ended up with a crashed economy, a destroyed government, and sometimes in flames with riots. Jim Wolfensen, the president of the World Bank would not comment on his dismissal.
Before Joe Stiglitz was fired he took a large stack of secret documents out of the World Bank. These secret documents from the World Bank and the International Monetary Fund reveal that the IMF required nations:
1. to sign secret agreements of 111 items
2. in which they agreed to sell off their key assets - water, electric, gas, etc.
3. in which they agreed to take economic steps which are really devastating to the nations involved
4. in which they pay off the politicians billions of dollars to Swiss bank accounts to do this transfer of a countries fixed assets
If they do not agree to these steps they are cut-off from all international borrowing. Today if can't borrow money in the international marketplace, no one can survive, whether you are people or corporations or countries. If that does not work they overthrow the government and plant lies about the former government and/or even rewrite history. (http://www.unitypublishing.com/Government/IMF.htm) The History of the The Petrodollar SystemTo explain this situation properly, we have to start in 1973. That's when President Nixon asked King Faisal of Saudi Arabia to accept only US dollars as payment for oil and to invest any excess profits in US Treasury bonds, notes, and bills. In exchange, Nixon pledged to protect Saudi Arabian oil fields from the Soviet Union and other interested nations, such as Iran and Iraq. It was the start of something great for the US, even if the outcome was as artificial as the US real-estate bubble and yet constitutes the foundation for the valuation of the US dollar.
By 1975 all of the members of OPEC agreed to sell their oil only in US dollars. Every oil-importing nation in the world started saving their surplus in US dollars so as to be able to buy oil; with such high demand for dollars the currency strengthened. On top of that, many oil-exporting nations like Saudi Arabia spent their US dollar surpluses on Treasury securities, providing a new, deep pool of lenders to support US government spending.
The "petrodollar" system was a brilliant political and economic move. It forced the world's oil money to flow through the US Federal Reserve, creating ever-growing international demand for both US dollars and US debt, while essentially letting the US pretty much own the world's oil for free, since oil's value is denominated in a currency that America controls and prints. The petrodollar system spread beyond oil: the majority of international trade is done in US dollars. That means that from Russia to China, Brazil to South Korea, every country aims to maximize the US-dollar surplus garnered from its export trade to buy oil. (Marin Katusa, Chief Energy Investment Strategist, Tehran Pushes to Ditch the US Dollar, Casey Research, www.caseyresearch.com/articles/demise-petrodollar)IraqIn 1990, Saddam Hussain announced that Iraq would be moving away from the US Pertodollar and will start selling Iraq's oil in Euros Ron Paul, MD, US Congressman (R-TX), stated in his Feb. 14, 2006 speech titled "The End of Dollar Hegemony," before the US House of Representatives: "There was no public talk of removing Saddam Hussein because of his attack on the integrity of the dollar as a reserve currency by selling oil in Euros. Many believe this was the real reason for our obsession with Iraq. ... Robert E. Looney, PhD, Professor of National Security Affairs at the Naval Postgraduate School, stated in a Nov. 2003 Strategic Insights article titled "From Petrodollars to Petroeuros: Are the Dollar's Days as an International Reserve Currency Drawing to an End?":"Several general propositions emerge as to the likely introduction of a petroeuro and the U.S. motivation for the Iraq War: ( Was Iraq's decision to change payment for its oil from dollars to euros a reason for the US to attack Iraq? (http://usiraq.procon.org/view.answers.php?questionID=000911) William Dowell, Nov 13, 2000, Foreign Exchange: Saddam Turns His Back on Greenbacks, Time Magazine, New York City, content.time.com/time/magazine/article/0,9171,998512,00.html LybiaIt remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for regime change in a period of just a few years. But after claims of “genocide” as the justification for NATO intervention were disputed by experts, several other theories have been floated.
Oil, of course, has been mentioned frequently — Libya is Africa‘s largest oil producer. But one possible reason in particular for Gadhafi’s fall from grace has gained significant traction among analysts and segments of the non-Western media: central banking and the global monetary system.
According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.
And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan. (Alex Newman, Nov. 2011, Gadhafi’s Gold-money Plan Would Have Devastated Dollar, www.thenewamerican.com/economy/markets/item/4630-gadhafi-s-gold-money-plan-would-have-devastated-dollar)(Ron Paul, 2006, Why the US Hates Iraq, Iran, and Venezuela, www.lewrockwell.com/2006/02/ron-paul/why-the-us-hates-iraq-iran-and-venezuela/)The Benefits of the Petrodollar SystemAccording to some projections, global oil demand will reach well over 100 million barrels per day by 2015. And thanks to the petrodollar system, growing global demand for oil leads to an increase in U.S. dollar demand. This artificial demand for U.S. dollars has provided remarkable benefits for the U.S. economy. It has also required the Federal Reserve to keep the dollar in plentiful supply.
By perpetually expanding the U.S. money supply, America’s standard of living increases as well. (If this logic does not make sense, be sure to go back and read Part One of this series.) The problem with this situation is that the only way that it can be sustained is if the demand for the dollar and for U.S. debt securities remains consistently strong.
Grasping this last point is extremely important. For if the artificial global dollar demand, made possible by the petrodollar system, were ever to crumble, ...
So… What Would Happen If The Petrodollar System Ended Tomorrow
Allow me to briefly explain the impact that a sudden loss of the petrodollar system would have upon the United States of America.
Foreign nations would begin sending a flood of U.S. dollars back to the United States in exchange for the new currency needed for oil. The Federal Reserve would lose their ability to print more dollars to solve America’s economic problems. The Treasury Secretary and the Federal Reserve Chairman would meet to determine the best course of action. That action would involve an immediate and dramatic increase in interest rates to reduce America’s money supply. Hyperinflation would ensue temporarily while the interest rates took time to take full effect. All oil-related prices, including gas prices, would reach outrageous levels. Washington would soon realize that the total amount of money in the system would have to be dramatically slashed even further, leading to an even higher increase in interest rates. The clueless American public would demand answers. Those on the left would blame the right. The right would blame the left. And both political parties would seek to blame the Federal Reserve. People with adjustable rate debts would be crushed and massive layoffs would occur as businesses suffered from the high interest rates. Asset prices across the board would plummet in value.
This brief scenario is far from exhaustive and is probably very incomplete. But I provide it to help you understand the great economic damage that you and I, and our nation in general, would sustain if the petrodollar system were to collapse suddenly.(Jerry Robinson, 2015, Preparing for the Collapse of the Petrodollar System, Part 3, The Petrodollar Wars: The Iraq-Petrodollar Connection, ftmdaily.com/preparing-for-the-collapse-of-the-petrodollar-system-part-3/)P.S. Why does the American Government hate Syria's Assad? Syria owes the IMF nothing and is therefore not under IMF control
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Post by Richard on Apr 26, 2015 16:45:54 GMT -5
The fate of our US DollarPart 2Russia, Ukraine, and the Cold WarWe were all told that the COLD WAR ended during the Reagan Presidency The Berlin Wall came down.Gorbachev and US leaders held talks that summer, in which the West promised economic support to economically-troubled Moscow, if the Soviet Union did not interfere with the breakdown of Eastern Europe. (http://rt.com/news/201255-berlin-wall-anniversary-25/) During a visit to West Germany earlier that year, the Soviet leader also declared that every nation can "freely choose its own political and social system" and that Moscow would "respect for the right of all peoples to self-determination." (http://2001-2009.state.gov/r/pa/ho/pubs/fs/85895.htm) With the unification of first Berlin and then Germany as a whole, the Soviet Union and its president Mikhail Gorbachev were assured that the North Atlantic Treaty Organization would not expand eastward toward their border. Gorbachev insists that in 1990 U.S. Secretary of State James Baker told him “Look, if you remove your troops and allow unification of Germany in NATO, NATO will not expand one inch to the east.” (Voice of Russia, October 22, 2009) The agreement between the US and Russia that ended the Cold War was - In return for allowing the Berlin Wall to come down and the withdrawal of Russian troops from Germany and the Eastern Pack countries - NATO and America agreed no expansion toward Russia. NATO's Eastward Expansion: Did the West Break Its Promise to Moscow?Not only was the former East Germany absorbed into NATO but over the past ten years every other Soviet ally in the Warsaw Pact has become a full member of the bloc – Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia (Voice of Russia, October 22, 2009) Russian diplomats regularly assert that Washington made just such a promise in exchange for the Soviet troop withdrawal from East Germany -- and then betrayed that promise as NATO added 12 eastern European countries in three subsequent rounds of enlargement. Writing in this magazine earlier this year, the Russian foreign policy thinker Alexander Lukin accused successive U.S. presidents of “forgetting the promises made by Western leaders to Mikhail Gorbachev after the unification of Germany -- most notably that they would not expand NATO eastward.” (Mary Elise, 2014, A Broken Promise? What the West Really Told Moscow About NATO Expansion, Sarotte, Sept/Oct 2014, www.foreignaffairs.com/articles/141845/mary-elise-sarotte/a-broken-promise)As a Russian news commentary recently noted in relation to the U.S. spending $110 million to upgrade two of the seven new military bases the Pentagon has acquired across the Black Sea from Russia, “The installations in Romania and Bulgaria go in line with the program of relocation of American troops in Europe announced on 2004 by then president George Bush. Its main goal is the maximum proximity to Russian borders.” (Uwe Klußmann, Matthias Schepp and Klaus Wiegrefe, NATO's Eastward Expansion: Did the West Break Its Promise to Moscow?, www.spiegel.de/international/world/nato-s-eastward-expansion-did-the-west-break-its-promise-to-moscow-a-663315.html)With the expansion of the U.S-dominated military bloc into Eastern Europe in 1999 and 2004, in the latter case not only the remaining non-Soviet former Warsaw Pact states but three ex-Soviet republics became full members, there are now five NATO nations bordering Russia. Three directly abutting its mainland – Estonia, Latvia and Norway – and two more neighboring the Kaliningrad territory, Lithuania and Poland. Finland, Georgia, Ukraine and Azerbaijan are being prepared to follow suit and upon doing so will complete a belt from the Barents to the Baltic, from the Black to the Caspian Seas. (Mary Elise, 2014, A Broken Promise? What the West Really Told Moscow About NATO Expansion, Sarotte, Sept/Oct 2014, www.foreignaffairs.com/articles/141845/mary-elise-sarotte/a-broken-promise)“If anyone questions the United States’ commitment to security in the Black Sea region, they might want to take a look at what is happening at Rapid Trident 14,” said McHugh, who, along with top U.S. uniformed commanders, was in Ukraine to observe the first major exercise in the country since tensions with Russia spilled over earlier this year.
There are 1,300 international troops taking part in the U.S. Army Europe-led Rapid Trident exercise in western Ukraine, including 200 soldiers from the Vicenza, Italy-based 173rd Airborne Brigade. The decision to send U.S. soldiers into Ukraine, which has been in a virtual state of war since Russia’s annexation of the country’s Crimea peninsula, should also serve as a reassuring signal to allies rattled by unrest in the country, (John Vandiver, US troop presence at Ukrainian exercise sends message to Russia Stars and Stripes, www.stripes.com/news/us-troop-presence-at-ukrainian-exercise-sends-message-to-russia-1.303991)Cuba declares Fidel Castro to be the new premier and president. Turkey and the United States agree to deploy fifteen nuclear-tipped Jupiter missiles in Turkey starting on June 1, 1961. Turkey is member of NATO and shares a border with the Soviet Union. (The Cuban Missile Crisis Timeline, www.nuclearfiles.org/menu/key-issues/nuclear-weapons/history/cold-war/cuban-missile-crisis/timeline.htm)On August 14, 2008, shortly after the 2008 South Ossetia war, the United States and Poland announced a deal to implement the missile defense system on Polish territory, with a tracking system placed in the Czech Republic. The Russians responded by saying such action "cannot go unpunished." (http://en.wikipedia.org/wiki/US_missile_defense_complex_in_Poland) Zachary A. Goldfarb, June 2014, U.S. announces $1 billion program to boost military presence in Eastern Europe, The Washington Post, www.washingtonpost.com/politics/us-announces-1-billion-program-to-boost-military-presence-in-eastern-europe/2014/06/03/414c0240-eb00-11e3-9f5c-9075d5508f0a_story.htmlBad Guy Russia PropagandaLesley Wroughton, 2015, U.S. says Russia boosting military presence on Ukraine border, www.haaretz.com/news/world/1.653243NATO: Russia Invades Ukraine, Breaking Ceasefire, www.newrepublic.com/article/120250/nato-russia-invades-ukraine-breaking-ceasefire-thats-old-newsLesley Wroughton, 2015, U.S. says Russia boosting military presence on Ukraine border, www.haaretz.com/news/world/1.653243Bill Gertz, June 25, 2013, Russian aggression: Putin violating nuclear missile treaty, The Washington Free Beacon www.washingtontimes.com/news/2013/jun/25/russia-violating-1987-nuclear-missile-treaty/?page=allU.S. to Accuse Russia of Breaking Landmark Nuclear Treaty www.nbcnews.com/news/us-news/u-s-accuse-russia-breaking-landmark-nuclear-treaty-n167191US accuses Russia of violating 1987 missile treaty www.foxnews.com/politics/2014/07/28/us-accuses-russia-violating-187-missile-treaty/Crimea and UkraineIt is no secret that the US Government was behind the pro-western usurping of the Ukrainian government! (The Gaurdian, Ron Paul slams US on Crimea crisis and says Russian sanctions are and "act of war, www.theguardian.com/world/2014/mar/15/ron-paul-crimea-russia-sanctions-act-of-war) The former Republican congressman and three-time presidential candidate Ron Paul has launched a scathing attack on what he calls a US-backed coup in Ukraine, insisting the Crimean people have the right to align their territory with Moscow and characterising sanctions against Russia as “an act of war”.In response Russia annexed Crimea to keep Crimea's fresh water ports open for the Russian Navy - and - to recreate a buffer zone between the East and the West. America accuses Russia of being the aggressor and pushes for international sanction on Russia.
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Post by Richard on Apr 26, 2015 16:48:21 GMT -5
The fate of our US DollarPart 3International Sanctions against RussiaThe Ukrainian crisis prompted a number of governments to apply sanctions against individuals and businesses from Russia and Ukraine starting from March 2014. Sanctions were approved by the United States, the European Union (EU) and other countries and international organisations. Russia has responded with sanctions against a number of countries, including a total ban on food imports from the EU, United States, Norway, Canada and Australia. Both these sanctions applied to Russia and Russia's import bans in response have contributed to the collapse of the ruble and the 2014–15 Russian financial crisis (International sanctions during the Ukrainian crisis, From Wikipedia, the free encyclopedia) The financial sanctions are strategically designed '... so that Russia cannot mitigate this blow by borrowing money. By ordinary standards, Russia is perfectly credit-worthy with a public debt that is only 10 percent of GDP. But if you don’t have access to financial markets, then it doesn’t matter how credit-worthy you are, because you’re not credit-worthy so-to-say.
[Editor's Note: On Jan. 9, Fitch Ratings cut Russia's credit rating to BBB-, one step above junk.]
What has been the impact on the Russian public so far?
The big impact is that the prices of buckwheat have increased as much as 70 percent. Basic food stuff has increased sharply. We’re seeing consumer panic in Russia because of the falling exchange rate. And the falling exchange rate is mainly because of the oil prices, but it’s also the financial sanctions. People are fearful of the situation and we’re seeing that the exchange rate is jumping up and down. It’s moving either way every so often by 5 percent in a day. The worst we’ve seen is it has gone down by 10 percent in a day.
There’s fundamental financial instability in Russia now, and this will have a big impact on the banking system. We’ve so far seen one medium-sized bank going under and two of the big state banks have needed recapitalization. We will see more of that. (Priyanka Boghani, Jan 2015, What’s Been the Effect of Western Sanctions on Russia? www.pbs.org/wgbh/pages/frontline/foreign-affairs-defense/putins-way/whats-been-the-effect-of-western-sanctions-on-russia/)Russia cannot mitigate this blow by borrowing money. By ordinary standards, Russia is perfectly credit-worthy with a public debt that is only 10 percent of GDP. But if you don’t have access to financial markets, then it doesn’t matter how credit-worthy you are, because you’re not credit-worthy so-to-say. OILClaude Salhani, 13 November 2014, Want To Hurt Russia? Lower The Price Of Oil, oilprice.com/Energy/Oil-Prices/Want-To-Hurt-Russia-Lower-The-Price-Of-Oil.htmlCarol Matlack , October 13, 2014, Will Cheap Oil Choke the Russian Economy? www.bloomberg.com/bw/articles/2014-10-13/oil-prices-are-hurting-russias-economyIt is a tough pill for Russia to swallow since the country relies heavily on oil revenues to bankroll its budget -- over half of the government's revenues come from oil and gas. "We're probably getting closer to the point of pain," said Phil Flynn, an energy analyst at the Price Futures Group. "It's definitely putting the squeeze on their balance sheet." Russia's economy is hurting: However you look at it, Russia is hurting. Its stock market (the Micex Index) has plunged 6% in the last three months, and the Russian Ruble is down 20% against the dollar this year. The World Bank forecasts anemic Russian economic growth of just 0.5% in 2014 and 0.3% in 2015. A more pessimistic scenario foresees the Russian economy slipping into recession this year and contracting further in 2015 and 2016. (Jesse Solomon, Oct. 2014, Crashing oil prices could crush Vladimir Putin, CNN, money.cnn.com/2014/10/15/investing/oil-price-fall-russia-hurt/)Isn't it interesting that America then starts to develop it Dakota Oil Shale - and the price of oil drop all around the world
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Post by Richard on Apr 26, 2015 16:53:56 GMT -5
The fate of our US DollarPart 4DedollarizationCan we really blame Russia, or any country, for trying to get itself out of "Western" / "American" control. We pride ourselves as Americans that we are the masters of our own fate. Shouldn't Russia be allowed the same perspective? Russian bank chiefs take aim at US dollarRussian companies will make bypassing the U.S. dollar in international transactions a top priority, the heads of three Russian banks said this week, in the latest sign that Russia is turning its back on the West and moving toward Asia. Sanctions imposed by the U.S. and European Union after Russia annexed Ukraine’s Crimea peninsula in March have spurred Western banks to drastically reduce their lending activity in Russia in recent months. Concerned the Russian economy was too reliant on the U.S. dollar and therefore vulnerable to Western political opprobrium, Russian politicians have called for a de-dollarization of their economy, underpinning a desire for greater independence from U.S. and European financial markets. (Michael Pizzi, June 2014, Russia, China have their sights set on undercutting dollar’s dominance as reserve currency, but economists are skeptical, america.aljazeera.com/articles/2014/6/9/russia-banks-currency.html)Voice of Reason, De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar, www.thelastgreatstand.com/de-dollarization-russia-is-on-the-verge-of-dealing-a-massive-blow-to-the-petrodollar/Russia Holds "De-Dollarization Meeting": China, Iran Willing To Drop USD From Bilateral TradeThat Russia has been pushing for trade arrangements that minimize the participation (and influence) of the US dollar ever since the onset of the Ukraine crisis (and before) is no secret: this has been covered extensively on these pages before (see Gazprom Prepares "Symbolic" Bond Issue In Chinese Yuan; Petrodollar Alert: Putin Prepares To Announce "Holy Grail" Gas Deal With China; Russia And China About To Sign "Holy Grail" Gas Deal; 40 Central Banks Are Betting This Will Be The Next Reserve Currency; From the Petrodollar to the Gas-o-yuan
Voice of Russia reports citing Russian press sources that the country's Ministry of Finance is ready to greenlight a plan to radically increase the role of the Russian ruble in export operations while reducing the share of dollar-denominated transactions. Governmental sources believe that the Russian banking sector is "ready to handle the increased number of ruble-denominated transactions".
According to the Prime news agency, on April 24th the government organized a special meeting dedicated to finding a solution for getting rid of the US dollar in Russian export operations. Top level experts from the energy sector, banks and governmental agencies were summoned and a number of measures were proposed as a response for American sanctions against Russia. (Tyler Durden, 05/14/2014, Russia Holds "De-Dollarization Meeting": China, Iran Willing To Drop USD From Bilateral Trade, www.zerohedge.com/news/2014-05-13/russia-holds-de-dollarization-meeting-china-iran-willing-drop-usd-bilateral-trade)De-Dollarization Accelerates – China/Russia Complete Currency Swap AgreementThe last 3 months have seen Russia’s “de-dollarization” plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia’s oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. ““The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China,” the Russian regulator said. (De-Dollarization Accelerates – China/Russia Complete Currency Swap Agreement, peakoil.com/publicpolicy/de-dollarization-accelerates-chinarussia-complete-currency-swap-agreement)Does It matter If The Dollar Is Replaced?The theme of this omnibus page is that the US dollar is progressively being replaced as the global reserve currency. For many years the dollar has been the currency in which the world's nations settled cross-border transactions and the so called petrodollar became the only currency in which oil could be traded. In recent years however, as other nations, particularly the BRICS group, Brazil, Russia, India, China and South Africa, the leading nations outside the dominant US / European group, have been making moves to end the domination of the US dollar and with it the economic supremacy of the USA.
Led by Russia with its vast natural resources and China with its vast labour force which gives it the ability to keep wages low and undercut other exporting nations, and facilitated by modern technology which makes trades between different currency zones simple, the world began to abandon the Dollar.
Dear old Saddam Hussein started it back in 1999 or around then, when he decreed that Iraq would accept Euros, UK Pounds, Russian Roubles, Chinese yuan or Japanese Yen for oil.
And now it seems the rest of the world is catching on too.
Phil T Looker, Does It matter If The Dollar Is Replaced? Currency War - The Non Shooting Proxy War That Could Prove More Lethal Than Bullets, www.greenteethmm.com/currency-wars.shtml)
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Post by Richard on Apr 26, 2015 16:56:02 GMT -5
The fate of our US DollarPart 5Asia Infrastructure and Investment Bank (AIIB)The Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. AIIB is regarded by some as a rival for the IMF
The United States' officials have expressed concerns about whether the AIIB would have high standards of governance, and whether it would have environmental and social safeguards. The United States is reported to have used diplomatic pressure to try and prevent key allies, such as Australia, from joining the bank, and expressed disappointment when others, such as Britain, joined (Wikipedia) The key phrase from Wikipedia = AIIB is regarded by some as a rival for the IMFJust to re-cap: The IMF is the World Bank that all countries owe their financial allegiance to. If a country needs to borrow money, where does it turn? The IMF. Where is the IMF located? = Washington DC Who is the dominate voice in the IMF = America What currency does the IMF exchange? = The American Dollar Never before have the division between the East and West been so obvious.Sometimes a picture is indeed worth a thousand words (or a thousand yuan) which is why we present the following map which shows all of the countries that have joined the China-led Asian Infrastructure Investment Bank with no comment other than to say "spot the odd G-7 nations out"... END OF AMERICAN EMPIRE: DE-DOLLARIZATION WILL ISOLATE THE USThe end of the American empire is happening before our very eyes and it is astonishing how, among the preponderance of information, people still do not see the writing on the wall. Every day I am seeing stories that I consider signs of The End Of The Monetary System As We Know It (TEOTMSAWKI).
As you can see, there is not much the world can do now other than watch the US empire collapse. Americans are more-and-more depressed, and a quarter of them believe the sun revolves around the Earth, so good luck convincing them their government lies. While stock markets continue their absurd runs on the back of a highly volatile dollar, which for now just so happens to be volatile to the upside, the middle class is turning into an impoverished, manic wreck.
The US government will do everything it can to distract from the economic realities of the situation with false flag attacks and lies about terrorism. (In reality, the US government is the largest terrorist institution on the planet) (Jeff Berwick, END OF AMERICAN EMPIRE: DE-DOLLARIZATION WILL ISOLATE THE US)
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Post by Richard on Apr 26, 2015 16:57:23 GMT -5
The fate of our US DollarPart 6The New World CurrencyIn the foreign exchange market and international finance, a world currency, supranational currency, or global currency refers to a currency that is transacted internationally, with no set borders. (Wikipedia) The Chinese have put out billboard ads announcing the renminbi as the new world currencyWhen I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard—and it floored me.
The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency”
Given that the Bank of China is more than 70% owned by the government of the People’s Republic of China, I find this very significant.
It means that China is literally advertising its currency overseas, and it’s making sure that everyone landing at one of the world’s busiest airports sees it. They know that the future belongs to them and they’re flaunting it. (Simon Black, March 4, 2015, The Chinese have put out billboard ads announcing the renminbi as the new world currency, Bangkok, Thailand, www.sovereignman.com/trends/the-chinese-have-put-out-billboard-ads-announcing-the-renminbi-as-the-new-world-currency-16318/)China calls for new global currencyChina is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.
The surprise proposal by Beijing's central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the dollar and Western governments (Joe Mcdonald, AP Business Writer, China calls for new global currency, BEIJING, abcnews.go.com/Business/story?id=7168919)Chinese ad of yuan as new world reserve currency frenzies USATransnational corporations, McDonald's for example, issue bonds in renminbi. Sovereign governments, including the UK, issue debt denominated in renminbi.
The renminbi is the official currency of the People's Republic of China. The name literally means "people's currency." The yuan is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts.
A historic look at dominant reserve currencies shows that reserve currencies run in cycles that last somewhere between 80 and 110 years per cycle. The US Dollar has held it's status of a reserve currency since 1921, bringing it to a 94 year streak, indicating that the United States Dollar has almost run its course.
The US prints money in an attempt to postpone the crisis, creating currency wars with nearly all major central banks in the world. As history shows, money printing will only aggravate the problem, making the transition more painful and costly.
Many international experts in finance believe that the US Dollar is on its last legs. Central banks simply manipulate events to help the dollar maintain its status for a little longer. However, the time when the US Dollar crashes is not too far away. (Pravda.Ru, March 3 2015, Chinese ad of yuan as new world reserve currency frenzies USA, english.pravda.ru/news/business/06-03-2015/129980-china_reserve_currency-0/)Anthony Migchels, April 7, 2013, The Dying Dollar and the Rise of a New Currency Order, realcurrencies.wordpress.com/2013/04/07/the-dying-dollar/
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Post by Richard on Apr 26, 2015 17:03:26 GMT -5
The fate of our US DollarPart 7The Coming Isolation of AmericaRussia, Ukraine, and the Cold War1986 – The Cold War Ended and the Berlin Wall came down The Agreement – In exchange for allowing Germany to re-unify, allowing the Eastern Pack States self-determination, and withdrawing its troops from those Eastern Pack States – the West, specifically the North Atlantic Treaty Association promised Russia that the West would not force itself upon those Eastern Pack States and to never move our military toward Russia. Since then 12 former Eastern Pack States have joined NATO – but this has always looked like self-determination The Ukrainian Revolution February 2014 – The US backed and Western sanctioned pro-western coup. Eric Zuesse, February 8, 2015, New Video Evidence of America’s Coup in Ukraine — and What It Means, www.washingtonsblog.com/2015/02/new-video-evidence-americas-coup-ukraine-means.htmlHow and Why the U.S. Government Aided a CoupThe Maidan protest movement was launched in Kiev in November 2013 when Ukrainian President Yanukovych rejected a European Union economic plan that would have imposed a harsh austerity regime on Ukraine as the price for admission into the economic sphere dominated by German banks. The U.S. and E.U.-backed street protests, supported most fervently by neoconservative elements inside and outside the Obama administration, began when Yanukovych instead accepted a $15 billion loan from Russia and an economic plan that did not require austerity measures but did include discounted prices for Russian natural gas. (Brian Becker, March 05, 2014, How and Why the U.S. Government Aided a Coup Led by Neo-Nazis in Ukraine, Global Research, www.globalresearch.ca/how-and-why-the-u-s-government-aided-a-coup-led-by-neo-nazis-in-ukraine/5371940)Again the issue at hand is which bank the country uses and how it buys and sells oil/gas/energy Leaked Audio Depicts U.S. Diplomat Planning a Coup, www.youtube.com/watch?v=b3mgnnhIYWIIntercepted phone call shows US meddling in UkraineIn a four-minute video, posted on YouTube by an anonymous user, US Assistant Secretary of State Victoria Nuland and US ambassador to Kiev Geoffrey Pyatt discuss which of Ukraine’s opposition leaders they would like to see in government. (Feb 7, 2014, Intercepted phone call shows US meddling in Ukraine, www.presstv.com/detail/2014/02/07/349631/tapped-call-shows-us-meddling-in-ukraine/) Ukraine crisis: Transcript of leaked Nuland-Pyatt callAn apparently bugged phone conversation in which a senior US diplomat disparages the EU over the Ukraine crisis has been posted online. The alleged conversation between Assistant Secretary of State Victoria Nuland and the US Ambassador to Ukraine, Geoffrey Pyatt, appeared on YouTube on Thursday. The two are obviously discussion who the West should set up as the next President of the Ukraine. (BBC News, 7 February 2014, Ukraine crisis: Transcript of leaked Nuland-Pyatt call, www.bbc.com/news/world-europe-26079957)UKRAINE: THIS ISN’T A REVOLUTION – IT’S REGIME CHANGEWestern observers tell us there has been a revolution in that benighted nation. They claim revolutionaries have overthrown a dictator. They say the people of Ukraine have risen up and deposed their despot, and are now ‘experiencing the intense emotions expressed so eloquently by Thomas Paine in 1776 [in his writings on the American War of Independence]’. It is hard to remember the last time political language was so thoroughly used to obfuscate reality, to impose inappropriate historical narratives on to a messy modern-day event. For what we have in Ukraine is not revolution, but regime change, set in motion far more by the machinations of Western politicians than by the stone-throwing of Ukrainians. (Brendan O’Neil, UKRAINE: THIS ISN’T A REVOLUTION – IT’S REGIME CHANGE, Spiked, www.spiked-online.com/spikedplus/article/ukraine-this-isnt-a-revolution-its-regime-change#.VUTR-SFFDIU)Ron Paul slams US on Crimea crisis and says Russia sanctions are 'an act of war'www.theguardian.com/world/2014/mar/15/ron-paul-crimea-russia-sanctions-act-of-war)US House Votes 348-48 To Arm Ukraine, Russia Warns Lethal Aid Will "Explode The Whole Situation", (Tyler Durden, 03/25/2015, US House Votes 348-48 To Arm Ukraine, Russia Warns Lethal Aid Will "Explode The Whole Situation", www.zerohedge.com/news/2015-03-24/us-house-votes-348-48-arm-ukraine-russia-warns-lethal-aid-will-explode-whole-situati)Countries Moving Away From Dealings With The US Dollaramericancontractor.com/countries-moving-away-from-dealings-with-the... Apr 14, 2014 - It is apparent that countries are moving away from the U.S. dollar. Russia and China Join Forces to Kill the U.S. Dollarwww.wealthdaily.com/articles/russia-and-china-join...dollar/5093Mar 28, 2014 Iran Is Ditching The Dollar In Foreign Trade - Business Insider www.businessinsider.com/iran-is-ditching-the-dollar-in-f... Non-Dollar Trading Is Killing the Petrodollar - Huffington Post www.huffingtonpost.com/.../petrodollar-us-saudi-po... Dec 2, 2014 – Ditching the Dollar | Casey Research www.caseyresearch.com/articles/ditching-dollarIMF Bailout for Ukraine and a New World CurrencyWhile much of the world was distracted by the supposed clash over Ukraine between Russian strongman Vladimir Putin and Western politicians, the International Monetary Fund announced a bailout of the new Ukrainian regime denominated in the IMF’s increasingly influential proto-global currency known as Special Drawing Rights, or SDRs. Analysts are warning that the developments could have profound implications for the global monetary system and the economy — and especially for the United States, which is stealthily being set up for economic calamity as the U.S. dollar continues on the road to losing its prized status as the world reserve currency. (Alex Newman, Wednesday, 07 May 2014, IMF Bailout for Ukraine and a New World Currency, www.thenewamerican.com/economy/item/18207-imf-bailout-for-ukraine-and-a-new-world-currency)
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Post by Dave on May 2, 2015 9:57:54 GMT -5
I have been waiting for you to finish this post - a lot to think about here thanks for all your research - let me just add this What Does a Currency Collapse Look Like?History is replete with examples of currency collapses and they typically follow very predictable patterns in which a nation unravels and social chaos, and many times, widespread violence and even genocide becomes part of the national landscape. Here are three examples of how quickly a currency collapse can occur when a nation’s money when its money no longer holds it value: 1. In Weimar Germany, from 1922 – 1923, prices doubled every three days. 2. In the modern era, in Yugoslavia from 1992-94, witnessed prices doubling every 34 hours. 3. In Zimbabwe, in the two year period from 2007 – 2008, prices doubled every 25 hours. It can accurately be stated that a lot has been written and rehearsed by the federal government on the topic of the effects of a currency collapse and its subsequent impact on society. NORTHCOM, DHS and FEMA as well as other federal entities have practiced for this eventuality. In each and every scenario, the facts remain the same, human beings and society follows a very predictable pattern of decline when the currency of the day collapses. And normally, the currency collapse comes without any warning to the general public. In a currency collapse, your life savings will be wiped out. From this point on, the effect cascades like a roaring tsunami racing across the open ocean. Hurricanes Katrina and Sandy demonstrated that gas stations will be bone dry within two days following a complete collapse. Subsequently, commerce will not move. If you are on vacation, you may not make it home. On the second day following a currency collapse, being on the road will be a risky endeavor because of other desperate motorists who will lie in wait to rob other motorists of essential supplies and resources. With no available fuel, the grocery and drug stores will be empty within one to three days. There will be no food to be had except for that which is decaying in your refrigerator and that in which you can beg, borrow and steal from your neighbors who will also be begging, borrowing and stealing. from your other neighbors. If you have an adequate food and water supply, you better have an adequate gun and ammo supply in order to defend your assets. And when will you sleep? The protection of your critical assets is a 24/7 proposition. Therefore, having a cooperative survival plan is critical. Without gas, people will stop going to work. Corporations will disappear overnight. Hurricane Katrina showed America that the police cannot be expected to stay on the job more than 48-72 hours as they will be home protecting their families and foraging for food and water like everyone else. The emergence of former police, now operating as gangs, will become common in an effort to secure the products which will ensure survival. Therefore, when your home is under attack, there will nobody to call. Everyone will be on their own. The elderly and the chronically ill will be the first to die. Too old to defend their assets, the elderly will find themselves overpowered as they will make easy preys of opportunity for the roving gangs. The chronically ill will have no way to procure their medication and even if they survive the looting rampage which will follow a currency collapse, these poor souls will perish without access to their life-sustaining prescriptions. The money in your wallet will be useless. Cell phones will not work. Heating and air conditioning will not work either and depending on the time of year, the environment could prove deadly to untold numbers of people. Water treatment plants will stop operating for the same reasons that you will not be able to find a cop during this crisis nobody will be manning the water treatment plants. Toilets will back up and diseases will spread like wildfire. Cholera will become the leading cause of death even surpassing homicide. Something as simple as toilet paper will become a prized commodity. There will be no trash pickup and more disease will result due to the increased rodent population. Clean drinking water and hunger will become the dominant motivator in society. Roving bands of looters, turned murderers, will sweep through neighborhoods seeking to obtain these critical elements of survival. Young women will sell themselves for a can of food for their children. Society will see the widespread loss of human dignity and self-respect. Dave Hodges, May 2014, What Will Happen When the Dollar Collapses?, www.thecommonsenseshow.com/2014/05/30/what-will-happen-when-the-dollar-collapses/
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Post by Dave on May 2, 2015 12:09:50 GMT -5
America’s financial collapse and the END TIMES
If any of my previous post is correct, the coming financial collapse of America resulting in closed gas stations, empty store shelves, and individuals defending their properties and families from starving public mobs, and no organized authority to control the crowds – many American Christians will make the leap to the Tribulations of the End Times.
Let me say this – Years of believing in American Exceptionalism have left the most skewed self-important self-centered view of reality. Not everything that happens revolves around the USA. America is absent from Judeo-Christian prophesy Many countries throughout history have undergone similar national collapses America and even Israel may have long gone from the planet before Judeo-Christian End Times ever begin.
It is true that all wars of the last several decades have been fought to maintain the dominance of the US Dollar. We, as American citizen, should be prepared for even more wars and conflicts during the near future as America tries to hang on to its sole role of the financially dominate super-power; leading to, if not entering into, another World Wide War that we would have to call WWIII.
The end of America (as we know it) is not the end of the world.
No matter how bad things in America – many people from the third world may not even notice.
How bad could it get for America?
Our societies today are so interwoven and inter-dependent that one single event happens within a vacuum.
Will the US go to war with China? If China become the dominate world currency and begins to recall any of the US debt, how could America ever pay up? We will end up making concessions in the Indo-China area. China is already building military air strip on the disputed islands off the western coast of the Philippines. China has a strong military presence around the disputed islands west of Japan. China and the US have been face to face over The Republic of Taiwan. Remember, the ace up China’s sleeve is North Korea. North Korea would be more than happy to drop a Nuclear Bomb directly upon Washington DC, while China maintains a plausible deniability.
How could the US pay its debt to China? There is already internet chatter about China taking US property in exchange. Guam, Philippines, Solomon Islands, Hawaii, and even California.
Islam and ISIS already desire to hurt America in anyway it can. This will not stop just because poor America is financially broke. Our enemy will spank us as we leave the Middle-East. Our enemy will undoubtedly follow us home and attack America from within in two ways.
Outright Terrorism against the American people in the name of Allah, as well as, fueling the civil unrest that will follow. Muslim activist already play an instigating role in the racial unrest in America in Ferguson MO and Baltimore MD.
ObamaCare – I have always said that the Obama Health Care system was designed to exasorbate the separation between the “Haves” and “Have Nots.” Who has been the biggest beneficiaries of ObamaCare? Answer, unemployed inner-city Blacks. Who is going to be the biggest loser when the Government can no longer afford ObamaCare? Answer, unemployed inner-city Blacks.
America’s next Civil War is brewing
I forget which psychic is was – but one psychic prediction for the year 2000 was the beginning of America’s next civil war. On the surface it appears like failed prediction, until you consider that every Presidential election since has be 50%/50%.
Factor 1 – growing tension between the “Haves” and Have Nots” Factor 2 – growing tension between the Black and non-Black races Factor 3 – growing tension over unrestricted illegal immigration Factor 3 – Islam versus Judeo-Christianity Factor 4 – even if you don’t want to admit it – the growing tension between Israel and everyone else. Factor 5 – growing tension between the vaccinated and the non-compliant
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Post by Dave on May 2, 2015 13:00:52 GMT -5
How America will collapseBy 2020, according to current plans, the Pentagon will throw a military Hail Mary pass for a dying empire. It will launch a lethal triple canopy of advanced aerospace robotics that represents Washington’s last best hope of retaining global power despite its waning economic influence. (ALFRED MCCOY, DEC 6, 2010, How America will collapse (by 2025), www.salon.com/2010/12/06/america_collapse_2025/War – War – and more War – maybe even WWIIIOne psychic has even predicted that America will seize the natural resources of Canada in a desperate attempt to pay its debts. Raiding the IceboxInvading Canada won't be like invading Iraq: When we invade Canada, nobody will be able to grumble that we didn't have a plan.
The United States government does have a plan to invade Canada. It's a 94-page document called "Joint Army and Navy Basic War Plan -- Red," with the word SECRET stamped on the cover. It's a bold plan, a bodacious plan, a step-by-step plan to invade, seize and annex our neighbor to the north. It goes like this:
First, we send a joint Army-Navy overseas force to capture the port city of Halifax, cutting the Canadians off from their British allies.
Then we seize Canadian power plants near Niagara Falls, so they freeze in the dark.
Then the U.S. Army invades on three fronts -- marching from Vermont to take Montreal and Quebec, charging out of North Dakota to grab the railroad center at Winnipeg, and storming out of the Midwest to capture the strategic nickel mines of Ontario.
Meanwhile, the U.S. Navy seizes the Great Lakes and blockades Canada's Atlantic and Pacific ports.Peter Carlson, Washington Post Staff Writer, December 30, 2005, Raiding the Icebox , www.washingtonpost.com/wp-dyn/content/article/2005/12/29/AR2005122901412.html
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Larry
Junior Member
Posts: 56
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Post by Larry on May 16, 2015 9:02:01 GMT -5
CIA Insider Breaks Silence on Global Currency Wars By MONEY MORNING STAFF REPORTS
Should China's plan to position the Yuan as a world reserve currency serve as a warning sign that something much more dangerous is approaching? According to Jim Rickards, the CIA's Asymmetric Warfare Advisor, the answer is yes.
In a startling interview he reveals that all 16 U.S. Intelligence Agencies have begun to prepare for World War III. Making matters worse, his colleagues believe it could begin within the next 6 months. However, the ground zero location for this global conflict is what makes his interview a must-see for every American.
Take a few moments to watch it below and decide for yourself. moneymorning.com/ext/articles/rickards/chinese-plan-to-destroy-us-dollar.php?iris=360112&ad=yuan2-position-bnyuan
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