The US Needs Global Conflicts: Russia and China Are Existential Threats to Dollar Dominance

[powastick]

All these revelations have not been possible to a "greater" number of people without the internet, but still, too many are to comfortable, too ignorant, too stupid, to afraid to take a look at it.



Have you heard of the Dutroux scandal? Over 27 witnesses who were about to give testimony to the court died a sudden death.

Link? But i have heard European elites are engage in bizzare child-sex ring.

 

[Götterdämmerung]

Link? But i have heard European elites are engage in bizzare child-sex ring.

Google Dutroux and you'll find 1000s of links. It was so big that even the MSM had to report about it. But none of the real perpetrators have been persecuted. Dutroux was the patsy who had to go to jail. He, too, didn't give ONE name who his clients' were.

YT has many documentaries about that as well.

 

[Bussard Ramjet]

The US Needs Global Conflicts: Russia and China Are Existential Threats to Dollar Dominance

China and Russia, along with the member nations of the SCO, EEU and BRICS are preparing to break free from the dollar. For Washington this is unacceptable.

Rory Hall


Targets for a reason.

As we reported on March 30, China and Russia are taking steps to move away from their out of control “cousin”, the US dollar — and world reserve currency.

We learned in March 2016 that Kazakistan had been in formal talks with the Shanghai Gold Exchange regarding gold as currency along the New Silk Road (One Belt One Road) spearheaded by China. Kazakistan also smelts most of Russia’s gold and mines a small amount gold annually and is a member of both the Shanghai Cooperation Organization (SCO) and Eurasia Economic Union (EEU).

Then, in October of 2016 we continued covering how China had been working directly with the IMF to get the yuan/renminbi currency added to the SDR basket of currencies for global trade. That now appears to be a cover story for what lay ahead. With the renminbi now a global currency that changes how the renminbi functions within the currency markets and in global trade negotiations.

For the better part of the past year it has seemed as if the mainstream media, with talking points from the federal government, had been 100% obsessed with “Russia did it!!” “It” could be anything as the story has morphed so many times it’s hard to keep track. The “it” is not near as important as the cheerleading by the MSM to remind the public Russia is to blame!

The Russian obsession has, for the past several months, been running along side a new “enemy” – China. China and the South China Sea has been another point of beating war drums for the mainstream media. We now have two new enemies outside of Syrian President Assad, Iran, Iraq, Libya and whoever else we feel we need to bully. The whole list of enemies continues to grow even though there are exactly zero threats to the U.S. from any of these countries.

China began working their CIPS system, global trade settlement system, in October 2016, the same time the renminbi joined the SDR basket, allowing China to conduct global trade outside the U.S. owned and operated SWIFT system. Both systems are used to settle global trade transactions and the SWIFT system has been geared to the Federal Reserve Note – U.S. dollar – while the CIPS system is geared to the Chinese renminbi.

China International Payment System (CIPS) was launched last October [2015] and is now entering into the second phase of its implementation. Phase Two will allow for a further widening of the trading band between the RMB and USD, which will in turn give the Federal Reserve additional room to raise rates. I predicted almost two years ago that CIPS would not overthrow or compete with the USD dominated SWIFT. I suggested that both platforms would share a base code and would work together to transform the monetary framework. That is exactly what is happening.

China strategically stated their gold reserves for the first time in 6 years in the lead up to the SDR announcement last year. This exact strategic announcement by China was predicted here on POM. Source

Enter Russia and their global trade settlement system based in Russian rubbles. It is not quiet ready for prime time, but not to worry, they are working around the clock to put the final pieces in place. Within the past two weeks Russia announced to the world where the system is, specifically, along with what is already in place.

“There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative,” Nabiullina said at a meeting with President Vladimir Putin on Wednesday.

She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard. Source

The picture should be getting a little clearer as to why Russia and, now China, has become the absolute “enemy” and must made into a monster by the mainstream media who are utilizing the warmongers talking points coming out of the back hallways of the federal government. Odds are the people occupying the back hallways of the Federal Reserve are also providing guidance to the mainstream media in just how to keep the “Russian enemy” in front of the American people. If it’s not about the reserve currency, Federal Reserve Note, U.S. dollar, then explain this:

One of the most significant measures under consideration is the previously reported push for joint organization of trade in gold. In recent years, China and Russia have been the world’s most active buyers of the precious metal. On a visit to China last year, the deputy head of the Russian Central Bank Sergey Shvetsov said that the two countries want to facilitate more transactions in gold between the two countries.

“We discussed the question of trade in gold. BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China, the gold trade is conducted in Shanghai, in Russia it is in Moscow. Our idea is to create a link between the two cities in order to increase trade between the two markets,” First Deputy Governor of the Russian Central Bank Sergey Shvetsov told Russia’s TASS news agency. Source

Let’s take a look at the next step. Now that Russia and China have systems to conduct global trade outside of the Federal Reserve Note, U.S. dollar, both nations can make decisions that benefit their countries, and benefit their business interest, without fear their currencies will be disabled like what happened to Iran in March 2012. Iran was only reconnected to the SWIFT system in February 2017. Having another nation control your currency is a can be devastating. Iran learned the hard way and both Russia and China now have the capability to keep all currencies functioning both internally and globally, outside the SWIFT, U.S. dollar system.

Just last week we learned the BRICS nations are discussing the development of a “gold marketplace”.

Future plans to facilitate transactions between Moscow and Beijing in gold would certainly explain why the two countries are leading gold producers and buyers.

Creating a BRICS “gold marketplace” would be an excellent way of bypassing the dollar while also using a “currency” that could be easily recycled for trade with other member nations.

And while trading in gold won’t happen overnight, BRICS states have already moved towards creating a “new financial architecture” that “tackles the dominance of the U.S. dollar in global finance”:

The initiatives taken by the member nations of BRICs (Brazil, Russia, India, China, and South Africa) to set up a new financial architecture at its eighth summit held in October 2016 in India have recently been under the spotlight. In order to avoid the International Monetary Fund (IMF) type of loan conditionalities and tackle the dominance of the United States (US) dollar in global finance, the new institutions set up by the BRICs are expected to provide a much needed change in the global financial architecture. These institutions include the New Development Bank (NDB), the BRICS-led Contingency Reserve Fund (CRF), and the Asian Infrastructure Investment Bank (AIIB). Source

The Federal Reserve Note, U.S. dollar, has enjoyed a good long run as the world reserve currency. The Federal Reserve, their member banks and the U.S. federal government have stolen from nations around the world, 185 in total. The Federal Reserve, through the world reserve currency status, has been able to push inflation out of the U.S. economy and onto other nations. China and Russia, along with the member nations of the SCO, EEU and BRICS are in the final stages of moving completely away from the Federal Reserve Note, which is quickly becoming useless on the global stage.

China is already using a gold currency. $14.5 Million worth of gold currency was used in transactions during the 2017 Chinese Lunar New Year across the “we chat” platform. This is not a gold backed currency, this is a gold currency.

While these nations continue acquiring ton upon ton of gold the U.S. continues to acquire billions upon billions in debt. Which scenario is more sustainable? As these nations continue to build out their trading systems, to circumvent the world reserve currency, how will the U.S. contend with this new reality? The U.S. government is currently acting like the drunken cousin described above.

Why would BRICS nations, who are responsible for a significant portion of global GDP, continue to accept how the U.S. has treated them? The belligerence coming out of the White House and Pentagon, by way of NATO, has created a global divid. The U.S. is broke and can not pay back the owed debt. We can only bully other nations, steal their gold and bomb those that do not fall into line. Russia and China are large enough, wealthy enough and strong enough, militarily, to stand up to the U.S. They have been quietly going about their business – conducting business – while the U.S. has continually conducted war with anyone and everyone. The U.S. has now set its sights on these two power house nations. These nations are not Syria, Libya, Iraq or any of the other tiny nations these warmongers have bullied. This time it will be different and the golden rule still applies – he who has the gold makes the rules. China and Russia have the gold, the U.S. has debt.

Source: Gold Seek


@Shotgunner51

This article is incorrect on many many levels.

I would say it is only wishful propaganda.

According to IMF statistics, dollar is at an all time high in terms of its usage as a foreign exchange reserve currency:

http://www.imf.org/en/News/Articles...ency-Composition-of-Foreign-Exchange-Reserves

 

[Mangus Ortus Novem]

Challenging the dominance of the US dollar is feasible if China can assemble enough consensus from its trade and investment partners. Of course, the US won't give up so easily, since it also has the backing of Bretton Woods institutions and cozy nexus with EU, Britain, Canada, Australia and now India as well.

However, one thing that needs to be made clear is that this challenge cannot come in the form of gold-backed currency. There is a reason the world moved away from the gold standard and you cannot put the genie back in the bottle.

The reason that hold was abandoned as a peg was because the value of economic output that needed to be monetized had far exceeded the value of the gold in the world. We do not exist in a primitive world where economic output is so less that it can be measured in terms of gold. Our technological and industrial capabilities have far exceeded that. Gold standard was an artificial restriction on the financial system that had to go.

The only scenario in which gold-backed currency can be widely used again is if the price of gold becomes so high that it once again becomes a considerable proportion of economic value. That would in turn mean that even more value would remain locked in gold as everyone would be busy trying to board and speculate on it.

I understand that fiat-based currencies have their own issues, such as lack of clarity as to how debt is generated, deficits handled, and so on. But we have to get rid of these primitive notions of going back to gold. It is simply not happening.

.



Dear indian,

Firstly, thank you for your balanced comment. Always advances discussion further, so that all of us might discuss and learn something from each other.

I beg to disagree with you regarding ditching of gold due to great/growing economic output vs availability of the yellow metal. Who assigns the Value?

There could be many mechanisms to have an internationally agreed Valuation away from so-called free market. I am sure you know about gold price fixing schemes...

However, your point is valid that given the limited value of commodity... its usage a storage of Value becomes tricky.

So, we need to discuss what are things which store value.

What the breaking of gold peg did was free printing licence to a few countries...and they could export their inflaction to the rest of world. Your india included.

Can you see the transfer wealth, both physcial in terms of 'cheap' human labour and resources for 'free'.

As a student of economy you would know the 3rd world debt from 70s to this day.
And all that debt was created out of thin air. Fair? Human?

What is the total global GDP output? What is the debt to GDP ratio? Who will pay this debt..ever?

Demonitisation did india in... now you are part and parcel of the Dollar system. Allow the Great God Time to unravel this mystery...

Is it possible to create a global financial system which makes the above mentioned less?

I say less because exploitation of the masses is part and parcel of Human Condition. Utopia is utopia..

Looking forward to have a balanced and forwarding discourse.

Regards,

SPF

Yes, I have read that book. But so many are still sleepwalkig like zombies, among them also many Chinese, not to speak of the zombie nation India.

.


The empire is looking for a new host...this time not confined to a region or civilisation..

indian is gone... watch the coming times this modi regime changing policies for the empire. All in the name of development and progress...and the masses will devour it.

My Chinese friends have one thing in their favour... The Chinese gov!

By the look of things the 70 years cycle is over due by almost ten years. I do fear great conflict... rise of fascism is everywhere.. indians are happily supporting this in name religion and development.

Chaos and conflict suits the empire!

The funny thing is if you take out the financial 'industry' out of the GDP calculation... then the picture for us is not very pretty.

 

[Götterdämmerung]

.



Dear indian,

Firstly, thank you for your balanced comment. Always advances discussion further, so that all of us might discuss and learn something from each other.

I beg to disagree with you regarding ditching of gold due to great/growing economic output vs availability of the yellow metal. Who assigns the Value?

There could be many mechanisms to have an internationally agreed Valuation away from so-called free market. I am sure you know about gold price fixing schemes...

However, your point is valid that given the limited value of commodity... its usage a storage of Value becomes tricky.

So, we need to discuss what are things which store value.

What the breaking of gold peg did was free printing licence to a few countries...and they could export their inflaction to the rest of world. Your india included.

Can you see the transfer wealth, both physcial in terms of 'cheap' human labour and resources for 'free'.

As a student of economy you would know the 3rd world debt from 70s to this day.
And all that debt was created out of thin air. Fair? Human?

What is the total global GDP output? What is the debt to GDP ratio? Who will pay this debt..ever?

Demonitisation did india in... now you are part and parcel of the Dollar system. Allow the Great God Time to unravel this mystery...

Is it possible to create a global financial system which makes the above mentioned less?

I say less because exploitation of the masses is part and parcel of Human Condition. Utopia is utopia..

Looking forward to have a balanced and forwarding discourse.

Regards,

SPF

Last week at was at an art exhibition opening, where I got aquainted with a gold trader (physical gold only). We talked about gold and money and about the death of fiat money etc.

We also touched the demonetisation and cashless threat that will render us to mere slaves. He suddenly told me about the demonetisation in India and particularly who were behind the whole scheme. It was amongst others USAid, the US Fed, the ECB. India was so to say the testing ground for demonetisation and Modi was the obedient servant.

 

[Mangus Ortus Novem]

Last week at was at an art exhibition opening, where I got aquainted with a gold trader (physical gold only). We talked about gold and money and about the death of fiat money etc.

We also touched the demonetisation and cashless threat that will render us to mere slaves. He suddenly told me about the demonetisation in India and particularly who were behind the whole scheme. It was amongst others USAid, the US Fed, the ECB. India was so to say the testing ground for demonetisation and Modi was the obedient servant.

.


Yes, I know. I have followed this development with keen interest. Sad part is the behind the scene agents were NRIs... that is indians with western passports...

GMO and drug testing...plus the make in india...slogan all geared towards the next round of the scheme.

 

[Bussard Ramjet]

Last week at was at an art exhibition opening, where I got aquainted with a gold trader (physical gold only). We talked about gold and money and about the death of fiat money etc.

We also touched the demonetisation and cashless threat that will render us to mere slaves. He suddenly told me about the demonetisation in India and particularly who were behind the whole scheme. It was amongst others USAid, the US Fed, the ECB. India was so to say the testing ground for demonetisation and Modi was the obedient servant.

Do you have any source, or this is plain conspiracy theory?

 

[Götterdämmerung]

Do you have any source, or this is plain conspiracy theory?

Nothing to worry, all is fine. India is doing well!

CIA Document 1035-960

 

[Bussard Ramjet]

Nothing to worry, all is fine. India is doing well!

So you mean you have no source?

Do you even know that Modi has banned the funding of many NGOs by outside donors? That people like Ford Foundation etc. are not happy with him.

That most American media outlets were actually critical of his demonetization?

You literally have no source at ALL!

 

[Götterdämmerung]

So you mean you have no source?

Do you even know that Modi has banned the funding of many NGOs by outside donors? That people like Ford Foundation etc. are not happy with him.

That most American media outlets were actually critical of his demonetization?

You literally have no source at ALL!

I couldn't care less what will happen in and with India. You guys virtually deserve all the best from the banking cartel.

 

[Mangus Ortus Novem]

@Götterdämmerung , my friend, I normally, out of principle, don't go to dark nether regions of the empire... just disturbing things to find... Since, I said that I will provide a summary...see below.

I sincerely hope that all what he says is just fiction.. the idea is too disturbing...too dark.

Yet lost is the Soul which falls into the Darkness of human heart.

Humans are capable of so many evil deeds... I just wish otherwise....



Summary:

The Dutchman started as trader and entrepreneur/ondernemer...and because of his success was invited to joing a financial 'fixing' firm...with a request to put his concious in freezer at -110 degrees...

He explains that he handled affairs of money transfers or funds movement for banks, intel agencies and govs and so on...

Explains how the enite world is 'governed' or run by a clique of about 8500 people...

The man tells about his difficult childhood and so on...

Long story short he was successful and was close to the top 1%. He explains that in each big bank there are perhaps not more than a very few people who are in the know.

Gave example of moving/fixing Iraqi dollars in 90s. Also, about how some traders boasted about the attack on Italian lira and as result some owner of a company committed suicide..which was laughed at by those traders as to them it is only about the money.

Further he tells about how he was invited to black mass where nude women were available...that those people worshipped satan.

He says that his breaking point came when he was invited to join in human sacrifice...that is children...this broke him because of his own childhood trauma...

He also said that he had to sign a contract of secrecy and he is only alive that he never revealed any name. Also explains that certain politicians also take part in such sacrifices...
He claims that this is global network.

Hope this covers the essence of his interviews.

 

[Götterdämmerung]

@Götterdämmerung , my friend, I normally, out of principle, don't go to dark nether regions of the empire... just disturbing things to find... Since, I said that I will provide a summary...see below.

I sincerely hope that all what he says is just fiction.. the idea is too disturbing...too dark.

Yet lost is the Soul which falls into the Darkness of human heart.

Humans are capable of so many evil deeds... I just wish otherwise....



Summary:

The Dutchman started as trader and entrepreneur/ondernemer...and because of his success was invited to joing a financial 'fixing' firm...with a request to put his concious in freezer at -110 degrees...

He explains that he handled affairs of money transfers or funds movement for banks, intel agencies and govs and so on...

Explains how the enite world is 'governed' or run by a clique of about 8500 people...

The man tells about his difficult childhood and so on...

Long story short he was successful and was close to the top 1%. He explains that in each big bank there are perhaps not more than a very few people who are in the know.

Gave example of moving/fixing Iraqi dollars in 90s. Also, about how some traders boasted about the attack on Italian lira and as result some owner of a company committed suicide..which was laughed at by those traders as to them it is only about the money.

Further he tells about how he was invited to black mass where nude women were available...that those people worshipped satan.

He says that his breaking point came when he was invited to join in human sacrifice...that is children...this broke him because of his own childhood trauma...

He also said that he had to sign a contract of secrecy and he is only alive that he never revealed any name. Also explains that certain politicians also take part in such sacrifices...
He claims that this is global network.

Hope this covers the essence of his interviews.

Thanks a lot for your effort. I hope more people start to wake up and dare to lift the curtain.

Knowing the Marc Dutroux and Jimmy Savile cases, nothing surprises me anymore that in the highest echelon of society, this kind of perversion is prevalent. It's an important tool to keep the insiders toeing the line or else.

I also know that most people suffer a certain degree of cognitive dissonance when they encounter this kind of stories. they rather run back to their comfort zone hoping that this will vanish by itself. They think since they don't believe in "satan" such religion cannot exist. At the same time they have no problems to accept that other people believe in another deity or religion that is different their their own.

 

[Mangus Ortus Novem]

Thanks a lot for your effort. I hope more people start to wake up and dare to lift the curtain.

Knowing the Marc Dutroux and Jimmy Savile cases, nothing surprises me anymore that in the highest echelon of society, this kind of perversion is prevalent. It's an important tool to keep the insiders toeing the line or else.

I also know that most people suffer a certain degree of cognitive dissonance when they encounter this kind of stories. they rather run back to their comfort zone hoping that this will vanish by itself. They think since they don't believe in "satan" such religion cannot exist. At the same time they have no problems to accept that other people believe in another deity or religion that is different their their own.

.



My friend,


WORD is nothing but Frequency! All is wave, energy... both Light and darkness are energies...


This is an internet forum...posters are either here for fun or for spreading their jigonastic agenda... people don't think. Herds move in numbers... and all the new tech...all are looking down instead of up...

My perspective in life is perhaps becoming more Meta-material... The Way!

People are not asleep...they are selfish. Easy to manipulate and control.

Just look at indians and there dialectics... tolerant as I am... but this murdering for cow is getting out of hand... yet indians are moving along gingerly into a neo-experimental fascism.

You and I both are students of Life... my sense is the West is looking into setting sun...

If you like dig into the meeting that took place between Babylonian high priests and certain Roman emperor.... not fiction.

Linkage... you shall find.

For now I am directing my energies into creating a small world where water is alive again, where no GMO poison is in our food.... yet, this nagging awareness of duty is sometimes hard...

I don't know... really don't. I just sense that there is great conflict afoot..which disturbs me.

Not good at all this feeling... just look at what is happening in Europe...and there are couple of million Africans on the move...they are as human as I am. Yet what will it bring with it....?

Look at the entire planet... what do you see. Something is off....

Anyhow, I should have been in bed an hour ago...had to wait for my cats to come back!!!

You have yourself a great, blissful sleep!

SPF

 

[Jacob Martin]

.



Dear indian,

Firstly, thank you for your balanced comment. Always advances discussion further, so that all of us might discuss and learn something from each other.

I beg to disagree with you regarding ditching of gold due to great/growing economic output vs availability of the yellow metal. Who assigns the Value?

There could be many mechanisms to have an internationally agreed Valuation away from so-called free market. I am sure you know about gold price fixing schemes...

However, your point is valid that given the limited value of commodity... its usage a storage of Value becomes tricky.

So, we need to discuss what are things which store value.

What the breaking of gold peg did was free printing licence to a few countries...and they could export their inflaction to the rest of world. Your india included.

Can you see the transfer wealth, both physcial in terms of 'cheap' human labour and resources for 'free'.

As a student of economy you would know the 3rd world debt from 70s to this day.
And all that debt was created out of thin air. Fair? Human?

What is the total global GDP output? What is the debt to GDP ratio? Who will pay this debt..ever?

Demonitisation did india in... now you are part and parcel of the Dollar system. Allow the Great God Time to unravel this mystery...

Is it possible to create a global financial system which makes the above mentioned less?

I say less because exploitation of the masses is part and parcel of Human Condition. Utopia is utopia..

Looking forward to have a balanced and forwarding discourse.

Regards,

SPF


.


The empire is looking for a new host...this time not confined to a region or civilisation..

indian is gone... watch the coming times this modi regime changing policies for the empire. All in the name of development and progress...and the masses will devour it.

My Chinese friends have one thing in their favour... The Chinese gov!

By the look of things the 70 years cycle is over due by almost ten years. I do fear great conflict... rise of fascism is everywhere.. indians are happily supporting this in name religion and development.

Chaos and conflict suits the empire!

The funny thing is if you take out the financial 'industry' out of the GDP calculation... then the picture for us is not very pretty.

Firstly, apologies for a late reply.

Let me get one thing out of the way. I am not a fan of the Anglo-Saxon financial model. Neither am I a fan of the disproportionate control banks have over the financial system, and the lack of transparency as to how fiat currency works. Money is literally made out of thin air, so who decides how much and who can create it?

Having said that, let me address the crux of your argument in two points. About the gold standard. The turning point came in 1933 when FDR decided to take the US off the gold standard. Why did he do that? Because the US was finding it impossible to get out of the Great Depression. Stimulus spending was required to create both new jobs as well as demand. It was not possible to do so with the constraints placed by the gold standard. Once freed from it, the Federal Reserve was able to create the money supply required to ride out the depression and the recovery of the American economy can be primarily attributed to that decision. The importance of this is not just historical, it has relevance to what is happening today as well.

I will come back to this point after introducing the other subject that you raised, that is equally important, as the two are closely related. That is deficit financing. The need for deficit financing primarily arises because governments have this habit called quantative easing - which means creating and using money to purchase financial assets such as government securities to stimulate spending and revitalize the economy. Where do they get the money from? They simply ask the Central Bank which creates it out of thin air.

Yes, it is true that control over the financial system has given the US extraordinary ability at creating money out of thin air. The EU also does it to some extent. When the ECB keeps buying Euro bonds to make up for the fiscal deficit of member states, it is doing exactly that.

In fact, after the financial crisis in 2008, the US government initiated something called the Troubled Asset Relief Program (TARP), in order to save the US financial system. Under this program, the US government purchased financial securities worth a total of $426.4 b from financial firms to maintain confidence in the system. Where did the government get the money from? Mostly internal debt, although since money is fungible so we can say that some of it was from government revenue and income, and some from foreign loans.

The Federal Reserve "lent" this money to the US government, essentially accounting entries creating money where their was none before. If you argue that how is this money, since it is debt in the books of the US government, then please understand that any asset has a corresponding entry as liability at another place. So it was money for the Federal Reserve. On this investment of $426.4 b, the US government got a return of $441.7 b - so not only was money created, there was a handsome profit at the end of it as well!! And all while saving the US financial system.

If all of this sounds unfair to you, then let me tell you this - as unfair as it is, the whole world was a net beneficiary of this move, just as the whole world gained from the US getting out of the Great Depression.

So how does this apply to China? Far from being a loser, China itself has been the biggest beneficiary of quantative easing in recent decades. And just as in the case of the US, the world has benefited from China's gain as well.

This post is getting two long, and I am also a bit short on time, so let me break up my response in two parts. If you wish to reply, please wait until the next part which I will post within 12 hours, hopefully.

 

[AZADPAKISTAN2009]

This sums up the general feeling in Most of Muslim world forget about gold