Dollar era drawing to its end

Friday, September 13, 2013

By Yuri Skidanov

At the G-20 summit in St. Petersburg the discussion of U.S. aggression against Syria overshadowed the economic issues. Meanwhile, there have been certain developments in this area that are crucial for the future of the global economy. The first steps were made to rid the banking and financial system of the dictatorship of the U.S. dollar as the world reserve currency.

U.S. power is determined by two components: the dollar as the world reserve currency and the army. When the U.S. dollar becomes weaker, the army starts acting, arranging demonstrations and beneficial in the long run aggressions "oil in exchange for democracy." There are many examples of this, especially after the collapse of the great Soviet Union, when the United States began organizing local wars and conflicts nearly every year. Syria is a good example: Obama spoke of an armed strike after he became aware of the official debt of 17 trillion dollars, and according to unofficial estimates of Californian scientists this number is much larger.

A great invention of the financiers Rothschild and Rockefeller - the U.S. Federal Reserve System (FRS) is a private company that since 1943 (adoption of the Bretton Woods system, the replacement of gold with the dollar as a reserve currency) has been dictating to the world how to live, and where and how to spend money. All international transactions are made in dollars, and the emission of national currencies is firmly tied to the amount of dollars that sovereign central banks formally purchase from the Federal Reserve. It is clear that under such circumstances it is not difficult to determine how to develop a particular economy, of course, in the interests of the United States. With this in mind, it is easy to understand the reasons behind Russia's inability to get out of the role of the world colonial raw materials appendage that is unusual for it, in spite of all the declarations and appeals of the President of the Russian Federation Vladimir Putin.

All known attempts to get rid of the dollar leash have failed. The failed attempts included the intentions of Iran to abandon the dollar in payments for export crude oil and the organization of Petroleum Exchange in St. Petersburg designed exclusively to trade oil in rubles. The U.S. is rigidly and rigorously guarding its dollar monopoly, believing that it is better than any threats and ideology for keeping the entire world under control.

In St. Petersburg, Russia signed a series of agreements that undermine this monopoly. On the first day of the summit, Gazprom and the Chinese state oil company signed an agreement on the basic conditions of supply of gas and oil and gas development in Russia. It is imperative that the currency of the agreement is the yuan or ruble, and the price of the supplied hydrocarbons will be determined on a bilateral basis without a reference to the Anglo-Saxon index Henry Hub determined on the London Stock Exchange. This guarantees that speculative impact on the Russian economy due, for example, to shale gas supplies, will be minimized.

Another unprecedented step towards getting rid of the monopoly of the dollar is the creation of a stabilization fund of the BRICS countries and the Development Bank. Its goal, as stated by the President of the Russian Federation, is to contribute to the improvement of the financial markets after the U.S. ends the policy of quantitative stimulation. This was a diplomatic statement, but its meaning translated into vernacular formula would sound something like "get lost with your dollar."

The initiative would create a full-fledged monetary union. The BRICS sovereign fund along with the Bank may lend money to the countries participating in the fund without the consent of the Federal Reserve. The residents of these countries represent 44 percent of the world's population. The Bank will have the opportunity to buy securities of the Fund as well as debt securities of the participating countries. This means a sovereign issue according to the rules of today's financial market, bypassing the Federal Reserve System. In times of an acute economic crisis launched by the U.S., the fund may take over the function of the new financial center of the world, reducing the role of the compromised dollar to zero.

President Putin has consolidated BRICS countries around Russia in order to create sovereign issue tools in addition to the Federal Reserve that did not exist since the time of the Soviet Union. These are the outlines of a future world order where there will be no place for the greedy hegemony of the U.S. and its Anglo-Saxon satellites. The U.S. authorities are unable to prevent such a development. In terms of military potential BRICS countries are as strong as the U.S. and NATO, even if we assume that they will choose a suicidal nuclear mission.


Anonymous said...

Unfortunately, this description of the "Economic problem" is incomplete. An understanding of CREDIT is necessary.

The fundamental issue is the Rothschild "City of London" (Financial square mile) parasitic sovereign state (embedded in the City of London) and its associated institutions - the Bank of International Settlements BIS in Basel, Switzerland, The International Monetary Fund IMF, World Bank, World Trade Organization WTO, etc.

This article (below) highlights the issue: Abu Dhabi "invests" $5B in "phony money" into the Russian economy for infrastructure. The Dhabi currency is converted into Russian Rubles to purchase RUSSIAN labor, materials, etc. So why does Russia need someone else's "phony currency" to purchase its own RUSSIAN materials for DOMESTIC RUSSIAN infrastructure ? Why not just have the Russian Government "spend" Rubles directly into the Russian economy without the "foreign investment ?

Abu Dhabi to invest record $5bn in Russian infrastructure

International trade is not driven by what academia describes as "comparative advantage" or "absolute advantage", but by a need for "Credit". As long as nations are tied to the Bank of International Settlements "Credit Allocation" scam scheme and the perpetual engineered shortage of "phony money", countries are forced to trade and need "investment" to receive more "Credit" to grow their economies. Just remaining in the BIS scam system undermines efforts to exit the scam through other trade arrangements.

The Social Credit Economics folks figure this scam out almost 100 years ago.

Major C.H. Douglas on "Causes of War" - part 1

Major C.H. Douglas on "The Causes of War" - part 2

Look who kept a resource as a National treasure !

$750 billion question: Norway voters decide future fate of massive oil fund

0jr said...

Hungary leads the way again we caused the fall of the iron curtain and berlin wall and we will cause the fall of the rotchild bank on wall st. !

0jr said...

The Role of Foreign Banks in US History
The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11
Bill Still
Still Report 95 - Hungary

0jr said...

The Fed charter expires December, 2013

Anonymous said...

The Banksters agenda of deliberately trashing the global financial system is being exposed. This is why they need wars, Globalist sports events, trashy - decadent "celebrities" and other distractions to maintain the " Bread'n Circus" distraction game.

The Confidential Memo at the Heart of the Global Financial Crisis

...The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.

Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.

Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.

But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?

The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet — in one single move. It was as brilliant as it was insanely dangerous.

How could they pull off this mad caper? The bankers’ and Summers’ game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods – that is, my cars for your bananas. The new rules devised by Summers and the banks would force all nations to accept trade in “bads” – toxic assets like financial derivatives.

Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products”.

And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.

The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organisation...

Anonymous said...

The two century Rothschild Sovereign City of London financial scam is falling apart. A couple good videos - one punning the Rothschild scammer clan and citizens standing up to the puppets. Humor and common talk are powerful tools to discredit the scammers. The puppet demagogue politicians don't sound so brave when they are confronted on camera and cannot control the dialogue.

Fish Hat Pope - Goodnight Rothschild

Exposed: The Obama Invasion of Syria (SHARE)

0jr said...

yet they still dictate
Hungary backtracks on contested reforms after EU pressure

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