clothcap (clothcap) wrote,

Currency (1) Doomsday, The End Is Nigh

Dollar collapsing, euro on the brink, enemies of humanity trying to provoke WWIII
The US currency wars are front and center today with Mr. Odintsov's timely article to connect the current dots.
Preamble by Jim the ed sets the scene for the report, "NEO – The Global De-dollarization and the US Policies" that follows.
February 16, 2015
Editor’s note: The US currency wars are front and center today with Mr. Odintsov’s timely article to connect the current dots.
This process had been following a natural slow evolution to allow everyone time to adjust to the changes without major disruptions. But trouble came to paradise.
The banksters decided they did not want to relinquish their lock on international trade having to be done largely in the dollar.
They unleashed their financial attacks through the mega loan fraud and then the super computer derivatives scam that still goes on today.
That brought the transfer of a huge amount of middle class capital into the hands of guess who. And to make sure “they” had no problem with prosecutions, they wisely cut the political establishment in by guaranteeing them superior campaign funding forever, and they have delivered.

But they have also overplayed their hand with the combination terrorism and regime overthrow campaigns they have unleashed, which also cut the Intel and Justice Dept. people in for a piece of the action. Sanction wars came in vogue to make examples of all those who wandered off the plantation.
Those sanctions have boomeranged as de-dollarization, the creation of multiple settlement and credit card systems, dual currency trading agreements and joint national banks, have all joined hands to build firewalls against offensive western sanctions — the modern financial slave collar.
If the West begins to lose the game, the last card to play is the big war, declaration of emergencies, etc., where the game will be re-rigged once again.
But now the intended targets will have their defenses ready, especially those with energy resources. The EU is getting a taste of this already.
You will see a big push for targeted countries to maintain domestic supplies of the crucial things people need, or to keep pipelines open to suppliers who do not have a track record of being under the thumbs of the Sanctionistas.
Meanwhile the masses seem brain dead that the solution to the debt scam hinges on one simple solution… confiscation of the criminally-gained assets of the many of the world’s elites. I am not talking about personal fortunes here, although a hunk of it is certainly there, but the super trusts where the real stashing is done.
All the Intel agencies know where they all are, and who really owns them. They can take it back any time, as data mining clearly tracks it back to the crimes done to obtain it. But the catch there is who do the Intel agencies really work for? To be continued…

Jim W. Dean

NEO – The Global De-dollarization and the US Policies
(First published  …  February 2, 2015 )
by Vladimir Odintsov
In its quest for world domination, which the White House has been pursuing for more than a century, it relied on two primary tools: the US dollar and military might.
In order to prevent Washington from establishing complete global hegemony, certain countries have recently been revising their positions towards these two elements by developing alternative military alliances and by breaking with their dependence on the US dollar.
Until the mid-twentieth century, the gold standard was the dominant monetary system, based on a fixed quantity of gold reserves stocked in national banks, which limited lending.

At that time, the United States managed to become the owner of 70% of world’s gold reserves (excluding the USSR), therefore it pushed its weakened competitor, the UK, aside resulting to the creation of the Bretton Woods financial system in 1944. That’s how the US dollar became the predominant currency for international payments.
But a quarter century later this system had proven ineffective due to its inability to contain the economic growth of Germany and Japan, along with the reluctance of the US to adjust its economic policies to maintain the dollar-gold balance.
At that time, the dollar experienced a dramatic decline but it was saved by the support of rich oil exporters, especially once Saudi Arabia began to exchange its black gold for US weapons and support in talks with Richard Nixon.
As a result, President Richard Nixon in 1971 unilaterally ordered the cancellation of the direct convertibility of the United States dollar to gold, and instead he established the Jamaican currency system, in which oil has become the foundation of the US dollar system. Therefore, it’s no coincidence that from that moment on the control over oil trade has become the number one priority of Washington’s foreign policy.
In the aftermath of the so-called Nixon Shock, the number of US military engagements in the Middle East and other oil producing regions saw a sharp increase. Once this system was supported by OPEC members, the global demand for US petrodollars hit an all time high.
Petrodollars became the basis for America domination over the global financial system which resulted in countries being forced to buy dollars in order to get oil on the international market.
Analysts believe that the share of the United States in today’s world gross domestic product shouldn’t exceed 22%. However, 80% of international payments are made with US dollars.
As a result, the value of the US dollar is exceedingly high in comparison with other currencies, that’s why consumers in the United States receive imported goods at extremely low prices. It provides the United States with significant financial profit, while high demand for dollars in the world allows the US government to refinance its debt at very low interest rates.
Under these circumstances, those hedging against the dollar are considered a direct threat to US economic hegemony and the high living standards of its citizens, and therefore political and business circles in Washington attempt by all means to resist this process.
This resistance manifested itself in the overthrow and the brutal murder of Libyan leader Muammar Gaddafi, who decided to switch to Euros for oil payments, before introducing a gold dinar to replace the European currency.
However, in recent years,
despite Washington’s desire to use whatever means to sustain its position within the international arena, US policies are increasingly faced with opposition.
As a result, a growing number of countries are trying to move from the US dollar along with its dependence on the United States, by pursuing a policy of de-dollarization.
Three states that are particularly active in this domain are China, Russia and Iran. These countries are trying to achieve de-dollarization at a record pace, along with some European banks and energy companies that are operating within their borders.
The Russian government held a meeting on de-dollarization in spring of 2014, where the Ministry of Finance announced the plan to increase the share of ruble-denominated contracts and the consequent abandonment of dollar exchange.
Last May at the Shanghai summit, the Russian delegation manged to sign the so-called “deal of the century” which implies that over the next 30 years China will buy $ 400 billion worth of Russia’s natural gas, while paying in rubles and yuans.
Continues with "Oil payment being accepted in rubles"

The West’s Great Charade Is Coming To An End
February 17, 2015
With the world focused on news out of Greece and Ukraine, today one of the greats in the business told King World News that the West's great charade is coming to an end.  The 50-year veteran also addressed the strange timing of the raid in the gold and silver markets and more.
Eric King:  “John, what will be the ramifications of a severe misstep by the EU over this Greek crisis?”
John Hathaway:  “That’s the $64 trillion question.  Spain and Italy are both waiting and watching.  It could lead to a breakup of the eurozone.  But I can tell you that if it takes a bad turn for Europe, it would fall into the category of a loss of confidence in paper money….

Remember, it is not the people shooting at you that are the enemy, they are uninformed dupes. The real enemy are the people that control the politicians and generals that tell those people to shoot and bomb you and tell you to shoot back. Bilderberg is their front.

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