This blog is being heavily shadow-banned again by 90% reduction in organic views as of February 5, 2020 since I began posting about the Coronavirus (Covid-19) from alternative media sites. Together we can counter the algorithms that are trying to shut us up on all social media forums #Facebook #Google #Alphabet subsidiaries #Instagram etc. Please help the #GreatAwakening by re-sharing to your networks. Many thanks! #WWG1WGA
China Gold Back Currency Could Bring Dollar Collapse Economic News Economic Collapse
Published on Mar 24, 2017
Economic news: "The dollar's days are numbered... Iran recently said they don't want to use the US dollar... China is pioneering this step that will secure the death of the US dollar." - China and a new attempt by the largest bank to increase gold backed accounts. Program for citizens to exchange gold between each other and increase citizens opening gold backed accounts. The worlds case for use of the dollar is weakening as more reliable alternatives come out. Dollar collapse is sure to follow as the world seeks a more stable store of money. Gold's reliablility will have countries around the world seek to bank in gold. The United States being behind the trend could bring economic collapse 2017, faster than we think.
PUTIN WANTS GOLD BACK CURRENCY - Claims Russia Will Never Become A NWO Cashless Society
Published on Feb 29, 2016
Turkey Now Using Gold Backed Accounts! BRICS Gold. Dollar Collapse Dangers Economic Collapse 2017
Published on Apr 4, 2017
Developments could begin the dollar collapse much faster than we think. Turkish government moves to use gold in their economy. They begin to issue gold-backed bonds in an attempt to use gold in their economy more and. Turkish banks promote gold-backed accounts. Russia and China attempt to bring BRICS nations on to gold back currency. Economic collapse off the petro-dollar in 2017.
Trump And A New Gold-Backed Dollar
Published on Jan 24, 2017 Take five minutes and watch this RTD educational documentation originally written by Nick Giambruno, Senior Editor at Casey Research about President Trump's impact on gold, the dollar and the international monetary system.
Click the link for more educational RTD Min-Docs: http://bit.ly/RTD_MiniDocs. For more great informative and educational videos from monetary experts on the future of the dollar watch RTD Interviews at RTD UNIVERSITY. The best monetary and financial education not available in a classroom - http://bit.ly/RTD_University
JUDGMENT DAY: Russia & China Bypass the Dollar With GOLD
Published April 7, 2017
In this conversation with Andy Hoffman we discuss the Russia and China's rapid move away from the dollar and toward gold. It will soon be judgment day for the petro-dollar.
Following are reports explaining why the Chinese and Russian governments are taking the very legitimate action of co-creating a gold-backed international currency... the gold-backed yuan and renminbi. On the day the "music dies" for people in the USA because they have been failed by the 1913 Federal Reserve Act, China and Russia are prepared. As Edgar Cayce said in the 1930s: "Through Russia comes the hope of the world... Freedom! Freedom! Each man will live for his fellow man."
The world's international trading currency, the US dollar: "It's backed by nothing! It isn't anything. It's only a belief system... Just like I felt in 2008, there is something coming... but this time even worse. They've doubled the debt." Get your free report here >>
Published on Mar 23, 2017
Will the US Economic Collapse Happen in 2017? The economic forecast for 2017 is more than bleak, and there is more than enough economic data out there to show there could be an economic collapse and stock market crash in 2017.
Economic Collapse Confirmed! Most Credible Video Ever! (and it is)
Published on Jul 22, 2016
This is a tough topic, because people either don’t won’t to believe it or are not capable because they lack the knowledge to comprehend what is being said. When you understand that our country can only operate based on debt/credit, not physical dollars, you finally see that the USA is a huge Ponzi scheme built on nothing more that our ability to borrow money. Our status as the world reserve currency has allowed us to borrow money that we do not have. The government says that there are 10 trillion dollars sitting in the US Banking system that we can go and easily withdrawal. How can that be true when there only exists 1.4 trillion of real money in circulation (dollars and coins) and more than one half of that is outside the US. This doesn’t include the 10s of trillions more that we owe other countries that have purchased our debt. If our creditors were to all come and ask for their money at one time there would be less than $1 dollar for every $1000 dollars owed. The world economy collapses.
All Great empires based on fiat currencies end in this way. People I talk to like my wife and friends have no clue what is coming. This is a long video and I have edited it to half of its original length. It is the single most logical and credible documentary I have ever watched on the future of the US economy. It makes be sick that the Fed decided to bailout the corrupt bankers instead of the US citizens. Instead of bailing out the banks, the Fed could have paid off every consumer debt in the country and freed up trillions of dollars for the consumer. Instead they padded the pockets of the banking elite. I wanted to puke. Now they are setting things up to try one last historic cash grab. Driving the stock market to all time highs so they can short the hell out of it.
I am 58 years old and a registered professional engineer in Maryland. I have owned 3 very different types of businesses over the past 30 years. I am now retired. I have watched hundreds of videos on the economy and done years of research into past financial failures going as back before the Roman Empire. Dr. Paul Roberts is one of my followers and referenced me in a video I produced on Sandy Hook. People do not want to acknowledge that the fall of fiat currencies is nothing new and that the US has made it this far ONLY because we are the default reserve currency of the world. There have been 440 economies based on fiat currencies in modern history…. They have all come to the same demise, FAILURE.
Having an education in Engineering with a minor in mathematics I do not believe that the US is exempt from the natural laws of economics. Please watch the video and prepare as you deem appropriate. You may want to research “normalcy bias”; it explains why people have a hard time excepting the true outcome of a situation that has played out the same way again and again throughout history. I keep hearing from my friends and family that the US is different. That is true. The US is in much deeper shit than any country in history. If you doubt that watch the entire video. You cannot deny the logic!!
When is the Big Day? (Bix Weir & Kerry Lutz) - great commentary !!
Published on Apr 18, 2017
Bix Weir sits down with Kerry Lutz to discuss all the changes in the wind in this time of TRANSITION. Bitcoin and Blockchain. Please see the video for Putin above, published February 29, 2016.
These April 6 And April 7 announcements are very interesting - particularly since this is what the airfield looked like after the "bombing" on April 7, 2017. Please double-check the date stamp. Hmmmmm... ???
There is no damage to the airfield, or negligible damage. That's a bit strange, isn't it? Supposedly "Only 23 out of 59 Tomahawk missiles reached their target" according to Live Leak and yet there is no evidence whatsoever that 23 missiles even hit. Strange... very strange. This is the target that Trump agreed on US news channels, to have gone after, right? So what's the game here? Observe: The date on the drone feed says April 7, 2017. That's just weird. More advice is needed, so -
Let's have a look at the video where these screenshots are taken from and get Jordan Sather's view of the situation...
Video published on Apr 7, 2017
After the Syrian chemical attack a few days ago, Trump decided to retaliate with 59 cruise missiles.
Here's the trick: they weren't meant for Assad.
LiveLeak: "Russian Drone footage of Shayrat base after US airstrike" - https://goo.gl/LZiMUW
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Alright... So we "may" have established that there was no attack on the said target at all... and Jordon gets us to look at the possibility that Trump is playing the MSM "big league" and sending his missiles elsewhere, eg: Right into the heart of ISIS operations. It's a possibility, right? Trump always said, (1) I am going after ISIS, and (2) I am not going to give them any warnings. So if Trump "sticks to his guns" (pun intended) on these two points, it might very well be that he, (1) went after ISIS on 4-4-2017 and that (2), he told no-one... not even after the event, since the whole affair with ISIS is likely not yet settled !!
This explains to me why the whole "confession" (admission) from Trump aka "Press Conference" announcing the attack, felt extremely disingenuous to me, because I would speculate: It was a play-act. He had to to say "we hit the airfield" in a retaliatory action against the alleged bombing of the Syrian people by Assad (which I personally don't believe for an instant), because that is the cover story for what's really going on.
Now... The date of April 4, 2017 also sends us some other signals... That of a smokescreen. We see another big smokescreen on June 14, 2014 with the bombing of Gaza. Do you remember that one? The smokescreen was to hide something in the financial markets that the puppet masters did not want people to be aware of.
It was only two days before this alleged airfield strike on April 4, 2017 that Tyler Durdon submitted this story on Zero Hedge on April 2, 2017. Here's what the big financial players on this planet don't want you to know about...
The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements made between the two neighbours "to seek stronger economic ties" since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.
According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening of a Beijing representative office by the Central Bank of Russia was a “very timely” move to aid specific cooperation, including bond issuance, anti-money laundering and anti-terrorism measures between China and Russia. The new central bank office was opened at a time when Russia is preparing to issue its first federal loan bonds denominated in Chinese yuan. If Russia - the world's fourth largest gold producer after China, Japan and the US - is indeed set to become a major supplier of gold to China, the probability of a scenario hinted by many over the years, namely that Beijing is preparing to eventually unroll a gold-backed currency, increases by orders of magnitude.
Meanwhile, as the Russian central bank was getting closer to China, China was responding in kind with the establishment of a clearing bank in Moscow for handling transactions in Chinese yuan. The Industrial and Commercial Bank of China (ICBC) officially started operating as a Chinese renminbi clearing bank in Russia on Wednesday, this past Wednesday (March 29, 2017).
"The financial regulatory authorities of China and Russia have signed a series of major agreements, which marks a new level of financial cooperation," Dmitry Skobelkin, the above-mentioned deputy head of the Russian Central Bank, said. "The launching of renminbi clearing services in Russia will further expand local settlement business and promote financial cooperation between the two countries," he added.
Bypassing the US dollar appears to be paying off: according to the Chinese State Administration of Taxation, trade turnover between China and Russia increased by 34% in January, in annual terms. Bilateral trade in January 2017 amounted to $6.55 billion. China’s exports to Russia grew 29.5% reaching $3.41 billion, while imports from Russia increased by 39.3%, to $3.14 billion. Just as many suspected, with Russian sanctions forcing Moscow to find other trading partners, chief among which China, this is precisely what has happened.
The creation of the clearing center enables the two countries to further increase bilateral trade and investment while decreasing their dependence on the US dollar. It will create a pool of yuan liquidity in Russia that enables transactions for trade and financial operations to run smoothly. In expanding the use of national currencies for transactions, it could also potentially reduce the volatility of yuan and ruble exchange rates. The clearing center is one of a range of measures the People's Bank of China and the Russian Central Bank have been looking at to deepen their co-operation, Sputnik reported.
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.
In other words, China and Russia are shifting away from dollar-based trade, to commerce which will eventually be backstopped by gold, or what is gradually emerging as an Eastern gold standard, one shared between Russia and China, and which may day backstop their respective currencies.
Meanwhile, the price of gold continues to reflect none of these potentially tectonic strategic shifts, just as China - which has been the biggest accumulator of gold in recent years - likes it. Excerpts from "Zero Hedge"
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This seems to be the way the Puppet Masters roll... If they can cause distraction, they will. If they can get Trump to agree with them to tell a lie that he takes the flack for, to try to protect the general public from knowing that the USD is now in free-fall, then he will.
In the final analysis, we may find that the alleged missile attacks affected no civilians at all (it didn't even happen at all by the look of these Live Leak images), but that story did distract people from realising the sinking of "Lady Liberty" aka "the collapse of the USD" is happening as we speak. And as Jordan says in his video - Perhaps the missiles were being sent into the heart of ISIS territory. Who would know? The subterfuge in the public eye and perception is complete. Whichever way the dice were falling, Trump was screwed (through no fault of his own). "Diplomacy" is a difficult game to play. There are so many moving parts and so many considerations.
From what I can see here, the choice Trump picked by taking "blame" and "hate" on the chin, was the lesser of two evils. Do you know what would happen in America if the average person really knew what was happening on the international financial stage? There would be looting, rioting and mayhem - so it's actually far better that Trump just took the punch and made it look like he was failing his constituency. He made the correct choice.
To put it more bluntly, a war to reset the global financial order is about to be unleashed. Preparations inside Russia are being made in case the ultimate banking sanctions are placed on them, cutting off commerce inside the all-encompassing Worldwide Interbank Financial Telecomm SWIFT system – which runs credit, debt, and banking card transactions across a real time global network... Putin is readying his people to divorce from the international banking system altogether, and start over with a nationalistic platform, backed by thousands of tons of gold, and growing alliances with Europe, China and the BRICS nations, the Middle East and several emerging powers. A major attempt to bring Russia under heel could result in the greatest schism the global system of finance has ever seen. Read more >>
More about the Russia-Chinese "Swift" system here and other related links >>
This segment will describe how Iran, China and Russia have over the years adopted a variety of economic and military actions to repel the continual assault on their sovereignty by the West; in particular, how the American drive for global hegemony has actually accelerated the end of the 'unipolar moment' thanks to the emergence of a multipolar world... Events such as the war in Syria, the bombing of Libya, the overthrowing of the democratic order in Ukraine, sanctions against Iran, and the direct pressure applied to Beijing in the South China Sea, have accelerated integration among nations that in the early 1990s had very little in common... The introduction of the yuan into the international basket of the IMF, global agreements for the Asian Infrastructure Investment Bank (AIIB), and Beijing’s protests against its treatment by the World Trade Organization (WTO) are all alarm bells for American strategists who see the role of the American currency eroding... De-dollarization is occurring and proceeding rapidly, especially in areas of mutual business interest. In what is becoming increasingly routine, nations are dealing in commodities by negotiating in currencies other than the dollar...
Another advantage enjoyed by the United States, intrinsically linked to the banking private sector, is the political pressure that Americans can apply through financial and banking institutions. The most striking example is seen in the exclusion of Iran from the SWIFT international system of payments, as well as the extension of sanctions, including the freezing of Tehran's assets (about 150 billion US dollars) in foreign bank deposits. While the US is trying to crack down on independent economic initiatives, nations like Iran, Russia and China are increasing their synergies. During the period of sanctions against Iran, the Russian Federation has traded with the Islamic Republic in primary commodities. China has supported Iran with the export of oil purchased in yuan. More generally, Moscow has proposed the creation of an alternative banking system to the SWIFT system.
The first goal of Iran, Russia and China is of course to make these international bodies less influential. Economic multipolarity is the first as well as the most incisive way to expand the free choice before each nation to pursue its own interests, thereby retaining its national sovereignty. This fictitious and corrupt financial system led to the financial crisis of 2008. Tools to accumulate wealth by the elite, artificially maintaining a zombie system (turbo capitalism) have served to cause havoc in the private and public sectors, such as with the collapse of Lehman Brothers or the crisis in the Asian markets in the late 1990s. The need for Russia, China and Iran to find an alternative economic system is also necessary to secure vital aspects of the domestic economy. The stock-market crash in China, the depreciation of the ruble in Russia, and the illegal sanctions imposed on Iran have played a profound role in concentrating the minds of Moscow, Tehran and Beijing.
In the Middle East, the destruction of Iraq, Libya and Syria has obliged Tehran to react against the alliance formed between Saudi Arabia, Turkey and the United States. In China, the constant pressure on South China Sea poses a serious problem in case of a trade blockade during a conflict. In all these scenarios, American imperialism has created existential threats... The desperate search to extend Washington's unipolar moment has paradoxically accelerated the rise of a multipolar world. Read more >>
In a surprising twist, one which likely seeks to isolate the Turkish Lira from its dependency on the US dollar, Erdogan said on Sunday that Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies... Speaking at the opening ceremony of a shopping mall in Istanbul, Erdogan said that he had proposed Russian President Vladimir Putin to conduct trade between the two countries with local currencies.
“I proposed Putin the following: Let’s do our trade in local currencies. Whatever I buy [from you] I shall pay you in Russian ruble, and whatever you buy from me make the payment in Turkish Liras,” said Erdogan on December 3, quoted by Hurriyet. He added that he had made the same offer to China and Iran and his offer was found reasonable. “We have given the necessary instructions to our central banks and we will try to conduct such [trade] relationships between us through this way,” Erdogan said. Erdogan again reiterated his call to Turkish citizens to convert their foreign exchange into gold or the Turkish Lira. “Those who keep foreign currency under their mattress should come and turn them into lira or gold,” he said.
As we reported on March 30 China and Russia are taking steps to move away from their out of control “cousin”, the Federal Reserve Note, U.S. dollar, 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.
China began [using] 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 [April 5, 2017]. 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
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.
[Omg !! This is huge! No wonder the USA is trying to keep this under wraps!]
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. [Omg !!]
China Gold Back Currency Could Bring Dollar Collapse Economic News Economic Collapse
Published on Mar 24, 2017
Economic news, China and new attempt by largest bank to increase gold backed accounts. Program for citizens to exchange gold between each other and increase citizens opening gold-backed accounts. The worlds case for use of the dollar is weakening as more reliable alternatives come out. Dollar collapse is sure to follow as the world seeks a more stable store of money. Gold's reliablility will have countries around the world seek to bank in gold. The United States being behind the trend could bring economic collapse in 2017, faster than we think. [Wow!]
(Rory Hall article continues...)
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 it’s 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. [Omg!]
And here are the more of the promised images of the airfield that the USA allegedly struck on 4-4-17.
Where's Your Money? Gold and Silver will be worthless...do you think you would trade food for your family for a piece of metal....remember Moses and the calf,, anyone that tells you to buy anything but food, water and medical supplies is a liar and a plant for gold brokers...get out of the markets,, they are created by usury. GOD is against it and HE will Destroy it...
Top Comments:
Forget just storing food, learn how to make things, like soap, paper, clothing, etc... learn about bush medicines beleive me having skills will help you bigtime
Yes everything may go to a BARTER system. If you dont have EGGS, or extra FOOD to trade? You go hungry. I heard in Argentina dentists work in flea markets for chickens. Plant Fruit Trees. Be ready carol751502 days ago 7
Scott Owen agrees with you. He just released a video saying that gold will crash because of the recently discovered off-the-books massive tonnage of gold in the UK
we are witnessing the end of fiat currencies around the world.It has happen twice in our countries beginning.our currency was once backed by gold and silver till 1974.the founding father's knew the power bankers could use to manipulate the system . Constitutional money is silver and gold !!! Jefferson,Hamilton,Adams and all warn of what could happen. read "the creature from Jekyll island ",Their goal is to enslave us , one world currency.one world government.PREPARE-GOD,PRAYER,FAMILY,WATER,FOOD,
97% of paper money is debt. (only debt free money is in the form of coins) anything real I am buying. Food, water, essential items, and then silver. If it is written on a piece of paper it will be worth only the paper it is written on. dollars have written on them "Federal Reserve Note" it is not money, it is debt owed back to the banks!
Gold and Silver will be worthless...do you think you would trade food for your family for a piece of metal....remember Moses and the calf,, anyone that tells you to buy anything but food, water and medical supplies is a liar and possible a plant for gold brokers...get out of the markets,, they are
created by usury, GOD is against it and HE will Destroy it...
Gold fell on Wednesday as a wave of selling triggered by better-than-expected U.S. home sales and heightened by despair surrounding the euro zone sent prices toward key technical support levels and wiped out year-to-date gains
Right on! The gold hype was a trap from the beginning. I was kinda laughing when I heard the news about gold getting REALLY expensive in the near future. I was saying: so when they'll have no food,are they gonna eat their gold or what? Looks like that time is coming. I took all my money out of the bank back in January and spent it on LAND-of course kept some. I suggest those who can afford it do the same and prepare to grow your own food and stuff.Move to the countryside, stay away from big cities. Peace
I Figure the 500pounds of salt I have stored will be worth more than gold eventually and I have made my living selling bullion. Pre buying food at this point only makes sense you get two types of protection from it one your saving money because it just keeps going up and second if a major event does happen your going to have a hard time finding it. Stick to salt, sugar, wheat, etc.. for trade goods not gold, silver or alchol
I agree, eventually you will have to live off the land and be resourceful. A boxcar full of food and tp is only going to last so long. There may be groups of people specializing in making certain goods with cross-bartering with others who make other goods.
Gold created its value supposedly because it was a very scarce commodity... but about 6 months back china bought 500 tones of gold to go with the massive amounts it already has... My point being, a very small number of people own the gold... so if we the people of the planet totally devalued it, it [the gold] could easily be worth less very quickly. People [would be] selling gold, but not very many people [would be] buying... only self centred elites. Ha ha. Things are changing.
Mr. C. I've understood we are to watch the "derivative market" And if "Interest Rates" rise even 1 percent....... BRICS and SWIFT? We are in Currency War and Trade War. In the last 90 days the dollar has died. China is still buying our debt.
Is GERMANY Secretly PLANNING to JOIN the BRICS & DUMP the U.S. DOLLAR ?
Published on Jul 24, 2014
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Is GERMANY Secretly PLANNING to JOIN the BRICS & DUMP the U.S. DOLLAR ?
Analyst: Germany Secretly Planning to Join BRICS NSA surveillance controversy centered on U.S. fear that Europe's economic powerhouse will dump the dollar
Financial analyst Jim Willie sensationally claims that Germany is preparing to ditch the unipolar system backed by NATO and the U.S. in favor of joining the BRICS nations, and that this is why the NSA was caught spying on Angela Merkel and other German leaders.
In an interview with USA Watchdog’s Greg Hunter, Willie, a statistical analyst who holds a PhD in statistics, asserted that the real reason behind the recent NSA surveillance scandal targeting Germany was centered around the United States’ fear that Europe’s financial powerhouse is looking to escape from an inevitable dollar collapse.
Earlier this month, the BRICS nations (Brazil, Russia, India, China and South Africa), announced the creation of a new $100 billion dollar anti-dollar alternative IMF bank to be based in Shanghai and chaired by Moscow.
Putin launched the new system by saying it was designed to, “help prevent the harassment of countries the United States and their allies,” a clear signal that Russia and other BRICS countries are moving to create a new economic system to the IMF and the World Bank. Is Germany Actually Preparing To Leave The Euro?
Germany Will Ban Tech Companies That Play Ball With NSA
It didn't take an Edward Snowden to figure out that American espionage service providers had access to confidential information about German citizens. Germany Opens Inquiry Into Claims NSA Tapped Angela Merkel’s Phone Unexpected inquiry if US actively listened in to calls Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Federal reserve Germany’s gold repatriation process: a year after the Bundesbank announced driven by Zero Hedge revelations, to repatriate 674 tons of gold from the New York Fed and the French Central Bank, it had managed to transfer a paltry 37 tons.
“Konnten die Amerikaner nicht mehr liefern, weil sie die bei der Federal Reserve of New York eingelagerten gut 1500 Tonnen längst verscherbelt haben?”
Or, in English, did the US sell Germany’s gold? Maybe.
“The Bundesbank explained [the low amount of US gold] by saying that the transports from Paris are simpler and therefore were able to start quickly.”
Additionally, the Bundesbank had the “support” of the BIS “which has organized more gold 632 tons of gold…
In another sign that BRICS nations are moving to create an entirely new multi-polar model adversarial to the west, the five countries are also constructing an alternative Internet backbone which will circumvent the United States in order to avoid NSA spying.
Germany Summons U.S. Ambassador Over Spy Allegations
German Arrested on Suspicion of Working as a Foreign Agent, Says Prosecutor mh17
German politicians are considering abandoning emails and going back to typewriters for sensitive documents in the wake of the NSA surveillance scandal, according to a key lawmaker. considering using typewriters to avoid eavesdropping.
“Indeed we have — and not electronic ones,” he replied.
“Here’s the big, big consequence. The U.S. is basically telling Europe you have two choices here. Join us with the war against Russia. Join us with the sanctions against Russia. Join us in constant war and conflicts, isolation and destruction to your economy and denial of your energy supply and removal of contracts. Join us with this war and sanctions because we’d really like you to keep the dollar regime going. They are going to say were tired of the dollar. . . . We are pushing Germany. Germany Considers Using Typewriters to Avoid NSA Snooping
The U.S. warmongers have also been hyping the Russian threat with self-serving lies – and committing atrocities and telling lies – for some 70 years.
As an American, my concern is keeping America from destroying itself. And – unless we learn our history – we could get in a lot of trouble.
Edited by Bronwyn Llewellyn. Jan 29, 2016 - NZ, first to greet the new day
Image caption:
"These are the enemies of everything we hold dear in America (Russia and China). Your children must kill them for us."
This is the meaning I take from this statement: It's not literal. Obama would be stupid beyond stupid if he tried to pick a literal war with China or Russia. I take this to mean that the new infrastructure Russia and China are putting in place (their own internet, their own Swift system, new economic relationships that exclude the USA = FED, IMF, World Bank, Bank of International settlements such as BRICS, SCO and so on...) and those nations who engage in those BRICS-based alternatives, become targets of the U.S. in whatever forms the U.S. decides to implement, eg: trade sanctions, trade agreements, military actions, share market crashes, misinformation in the media, manipulation of election votes, and so on...
“If the Russian side needs it, we will provide necessary assistance within our capacity” - Chinese Foreign Minister Wang Yi, 22 December 2014.
This is a clear testimony that Russia and China have entered into an economic alliance which will be stronger than the incessant ruble and petrol devaluation manipulations by Washington, aided by the European puppets.
China, leading member of the BRICS, is lining up the bloc of the BRICS and that of the Shanghai Cooperation Organization (SCO) and their currencies, to support Russia in need. Currency swaps between the Russian ruble and Chinese yuan for an initial US$25 billion have already been implemented (Dec 29, 2014), to allow direct transactions between the two countries. Similar swaps are under way between China and Russia with other countries, primarily the BRICS and the SCO members. New members to the SCO are Iran, [and-now-tell-me-'compliance'-was-the-reason-why-the-U.S.-lifted-trade-sanctions-on-17-January], Pakistan, India (also a BRICS member) and Mongolia – and possibly in some not too distant future the strategically located NATO member, Turkey.
Trading will no longer be continued in US (petro) dollars, but in rubles and yuans and their partners' respective local currencies. This will reduce worldwide demand for the petro dollar.
The US is able to maintain pressure on other currencies only as long as the petro dollar remains the major world reserve currency. Once the demand for the (petro) dollar fades, the value of the dollar will decline and at worst may result in hyperinflation in economies closely linked to the US economy.
In the meantime Russia has nothing to fear...
Letting the ruble ‘collapse’ is a superb strategy by the Maestro Chess player, Vladimir Putin. Western investors in Russian shares, mainly but not exclusively of hydrocarbon corporations, dropped also. Western investors became afraid and released their shares on the market – Russia’s treasury bought them back at low market prices increasing their value instantly. On top of that, Russia reaped the dividends of the newly Russian owned shares. According to a Spiegel Online article, Russia made at least 20 billion dollars’ worth of profit with this little gambit alone, plus she repatriated about 30% of foreign-held Russian petroleum shares.
Russia has foreign exchange reserves of close to half a trillion dollars equivalent, more than two times the rubles in circulation. Russia’s economy shows a pristine balance sheet with only about 15% debt to GDP, whereas the EU’s debt-GDP ratio is close to 100%.
The petro-dollar is highly dependent on trading hydrocarbons in dollars – following the 40-year old agreement with the Saudis as head of OPEC in turn for US military security and protection. This alone, the constant demand for US dollars by all nations who needed to trade hydrocarbons, propelled the dollar into a ‘permanent’ reserve currency – allowing Washington to print dollars at will and to become a financial hegemony. No longer... Those times are gone. Washington’s evil attempt to destroy all those who ‘are not with us’, catalyzed the transition.
More than a year ago, Russia started selling her hydrocarbons in rubles and started accepting the local currencies of her trading partners, like China and other BRICS countries. Today Russia is selling her hydrocarbon in gold – yes, in physical gold. The west did not count on that, with the quick analytical thinking of President Putin. Russia has been accepting artificially inflated dollars and then immediately exchange them for gold, thereby increasing Russia’s gold reserves dramatically. Today already, the ruble is backed by gold – a reality the west with its casino currencies is very quiet about.
By artificially boosting the value of the dollar against the Euro and lowering the price of gold, the FED and its Wall Street mobsters intended to make the dollar more attractive, especially since Russia and China announced new economic Silk Road, all the way from Frankfurt to Shanghai.
German business is angry about Merkel’s obsessiveness with Washington imposed ‘sanctions’ on Russia. They see Russia as the trading partner of the future. Even the spine and brainless Hollande is responding to France’s business – ‘sanctions’ – enough is enough.
Where does that leave Washington? – One move away from checkmate. Washington’s criminal attempt to destroy Russia’s economy has been largely irrelevant and self-destructive. In the meantime and as Russia’s gold reserves increase, Russia has established an alternative SWIFT system. It is currently being tested internally but could go global within a few months. This means that any country wanting to avoid the corrupt dollar casino scheme could use the new system for international monetary exchanges.
That combined with ever more countries willing and daring to trade their hydrocarbons in their own currencies or currencies other than the dollar, will further lower demand on the petro-dollar. In addition, under their economic alliance, Russia and China may soon launch a new currency, or rather a basket of currencies of other nations ready and willing to abandon the fraudulent western fiat scheme. Immediate candidates would be the other BRICS nations (133 countries affiliated to BRICS in July 2014) and the countries of the SCO.
The combined economic output of the nations behind the joint currency – social indicators such as public health, standard of education and environmental concerns, capacity of conflict resolution, of living in peace and harmony – might be more indicative of the strength of this economic alliance than just gold or a straight GDP.
Such a new monetary system may soon cover 25% to 33% of the world economy, thereby becoming fully autonomous. The petro-dollar would further lose its stature as the world reserve. Ten years ago 90% of world reserves consisted of dollar-nominated securities. Today that ratio has shrunk to 60%, as currencies like the Yuan are rapidly gaining ground as reserve money, especially in Asia. Even Australia has recently declared it will increase its Yuan holding.
The drop of the dollar as the world’s major reserve currency is Washington’s biggest nightmare, and has been for the last 15-20 years when first Iran and then Iraq and Venezuela threatened to sell their hydrocarbon in Euros. These proposed moves were tabled as a means of increasing security for their own economies as worldwide trust in the US dollar was waning then, as it is now.
This is considered one of the major reasons for the 2003 US invasion of Iraq – securing the petro dollar as trading currency. The ensuing war was to take over all of Iraq’s hydrocarbon wells and privatize them.
This was also the key reason for Washington’s false flag accusation of Iran’s plans for manufacturing nuclear weapons [and-now-tell-me-'compliance'-was-the-reason-why-the-U.S.-lifted-trade-sanctions-on-17-January]... In the meantime this has been proven to be a lie, including by the 16 major US intelligent agencies.
Washington’s relentless aggrandizement over Russia is part of PNAC (Plan for a New American Century), to achieve full world hegemony, but at the same time Washington is desperate not to lose its dollar supremacy. The US is in a terminal quagmire. There is no way out. Washington is acting like a wild beast in its last throes of life. The Empire may be capable of destroying the world – including itself – just so that nobody survives outside of the self-appointed Masters of the Universe.
The need for the emergence of a new ‘eastern’ US-dollar-detached monetary system is therefore becoming increasingly urgent. One might ask, why hasn’t it happened before?
It is possible that the new system hasn't been fully launched at this time in a bid to reduce the possible collateral economic damage on the rest of the world. In summary, fair trading among sovereign nations is a noble objective for global peace.
Peter Koenig is an economist and geopolitical analyst. He is also a former World Bank staff and worked extensively around the world in the fields of environment and water resources. He writes regularly for Global Research, ICH, RT, Sputnik News, the Voice of Russia / Ria Novosti, TeleSur, The Vineyard of The Saker Blog, and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe.
Yes everything may go to a BARTER system. If you dont have EGGS, or extra FOOD to trade? You go hungry. I heard in Argentina dentists work in flea markets for chickens. Plant Fruit Trees. Be ready
carol75150 2 days ago 7