This comes from The Daily Bell and as usual, they are right on top of current affairs:
Countries all over the world are meeting for a purpose that
concerns you greatly, whether or not you're American:
disuse of the US dollar.
concerns you greatly, whether or not you're American:
disuse of the US dollar.
Since the outbreak of the Ukraine crisis the end of the US
dollar seems closer than ever.
dollar seems closer than ever.
In move-after-move, Russia and China have become closer allies.
There are numerous examples of this. For brevity's sake,
two recent examples catch the eye. Gazprom issued bonds
in the Chinese Yuan and Russia and China also signed a gas deal.
There are many more examples. 40 central banks have even placed
bets on the yuan as the future reserve currency.
There are numerous examples of this. For brevity's sake,
two recent examples catch the eye. Gazprom issued bonds
in the Chinese Yuan and Russia and China also signed a gas deal.
There are many more examples. 40 central banks have even placed
bets on the yuan as the future reserve currency.
Until 2014 tales of dollar collapse seemed to be for conspiracy nuts,
as geopolitics only faintly reflected this seeming reality. This year,
that all has changed.
as geopolitics only faintly reflected this seeming reality. This year,
that all has changed.
It seems nation-states the world over are making moves towards
a post-US Dollar world. It is not a matter of "if," but "when,"
and if you don't understand this coming-to-pass you will be
in for quite the shock...and awe.
Once Russia, along with numerous allies, makes the fateful move,
you can be sure many nations will follow. They already are trying
to do so. Why? Because the US is the most destructive force on t
he planet, and it's achille's heel is its "exorbitant privilege" known
as the US dollar by most, and the Federal Reserve Note by those
"in the know."
you can be sure many nations will follow. They already are trying
to do so. Why? Because the US is the most destructive force on t
he planet, and it's achille's heel is its "exorbitant privilege" known
as the US dollar by most, and the Federal Reserve Note by those
"in the know."
This will spell hyperinflation, social chaos, civil war, among other dislocations. Think this is hyperbole? It's not. To know that all one needs to do is look at the history of socialist banana republics...and then imagine something much, much worse. Why much worse? Because none of those banana republics were issuer of the world's reserve currency. The US doesn't produce a thing except the US dollar which are extremely easy to print as one man in Canada proved. He printed millions of dollars with a simple operation and circulated them. Moreover, Canada chose not to extradite him so he is a free man.
And so major nation-states are joining together to move beyond the dollar system. A "de-dollarized" world, as it is called in Russia, will change the lives of millions of Americans.
RISE OF RUSSIA & CHINA
According to Voice of Russia, the Russian Ministry of Finance is looking to significantly increase the role of the Russian ruble in export operations while reducing the share of dollar-denominated transactions. The Russian banking sector, believe many, is "ready to handle the increased number of ruble-denominated transactions".
The Prime news agency reported that, on April 24th, the government organized a special meeting dedicated to finding a solution for getting rid of the US dollar in Russian export operations. Top level experts from banks, government and the energy sector came together as a number of proposals were put forth as a response for American sanctions against Russia.
This "de-dollarization meeting" was chaired by First Deputy Prime Minister of the Russian Federation Igor Shuvalov, demonstrating how serious Moscow is when it comes to moving beyond the dollar.
A subsequent meeting, chaired by Deputy Finance Minister Alexey Moiseev, reviewed how "the amount of ruble-denominated contracts will be increased." According to Moiseev, none of the experts and bank representatives polled found problems with the government's plan to increase the share of ruble payments.
The dollar, of course, has been in an elongated freefall, of course, since the invocation of the Federal Reserve and the income tax act in 1913.
But what little remains appears to be hanging by a thread.
RUSSIA'S NOT ALONE
Russia wouldn't be so bold if it didn't have support. Other nations want to engage in a de-dollarization of the world. Both China and Iran, for instance, have been vocal about their interest in moving forward with such a plan. Many other leaders have expressed such interest, only to meet Washington's notorious bullets and eternity.
Vladimir Putin is scheduled to visit Beijing on May 20th and speculation suggests that gas and oil contracts will be signed between Russia and China and denominated in rubles and yuan, not dollars.
In just one week, we could be living in a significantly different world.
The West is out of control, with russophobes in control of US foreign policy. This means the US will antagonize Russia and other nations. This will only quicken the abandonment of the US dollar by Russia, China and the world.
The world is setting up the financial and economic infrastructure to simply ignore the United States entirely. What can the US do about it? Bomb more countries. But I am not so sure that is entirely possible for the US like it was just one decade ago. Humanity has awoken and already one war (Syria) was stopped by public outrage. There will be more such wars stopped by popular opposition.
The US's compromised position means one thing: China and Russia will make their moves, playing chess while Obama plays checkers.
– China called for a new reserve currency in 2013
– Japan and India signed a currency dealing linking their currencies in 2011.
– Gulf Arabs are planning – alongside China, Russia, Japan and France – to end dollar dealings for oil, using instead a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
THE END OF THE MONETARY SYSTEM AS WE KNOW IT (TEOTMSAWKI)
We are on the cusp of a massive paradigm shift in the global monetary system and hardly anyone is aware of it. Businessmen in the US are making plans and expending capital as though we are in a recovery. Americans continue to spend money and save little with the same expectations. And investors continue to invest as though everything is perfectly fine. They have difficulty conceptualizing the truth about the US economy, which is that it is as mired in debt as it possibly could be.
The US is in so much debt that the numbers are mind-expanding for humanity.
Trillions of dollars in capital will be lost due to this and will enter the Western world into something that may be written about for centuries as one of the darkest periods in human history and labelled the Great Collapse. And yet not one in a hundred in the US are even aware of it nor even think it is possible.
Those who are aware, however, and who have internationalized their assets and have the great majority of them in hard assets such as precious metals (also internationalized – find out how to do that here) outside of the financial system stand the best chance to survive the coming changes.
Never before has it been more important to turn off your television, do your own research and take control of your financial affairs.
A lot will be happening and, of course, we here at The Dollar Vigilante will be covering it all in realtime.
This article contributed courtesy of The Dollar Vigilante's editor-in-chief, Jeff Berwick. Anarcho-Capitalist. Libertarian. Freedom fighter against mankind's two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world's freedom, investment and gold conferences as well as regularly in the media including CNBC, CNN and Fox Business.
Also see:
The most damning aspersion that can be lobbed against any person, or the exposure of “secret government activity,” overwhelmingly is “Conspiracy Theorist.” That pejorative ‘handle’ is equated with imbecile mind-activity with aspersions often suggested as ‘tin hat wearers’. Well, step aside all you doubters and listen up carefully to what took place in the halls of Congress on May 14, 2014 regarding the weather modification system known as HAARP.
In the YouTube below Senator Lisa Murkowski (R-Alaska) asks some pointed questions about HAARP. However, readers may not be surprised at the answers, but the mainstream media ought to be wiping oodles of egg yolk from its collective face.
In the report “Air Force Admits Weather Control via HAARP and New Tech,”David Walker, Deputy Assistant Secretary of the Air Force for Science, Technology and Engineering, very-matter-of-factly states that they took over from the Navy and will be moving on
to managing the ionosphere, what the HAARP was really designed to do, to inject energy into the ionosphere to be able to actually control it… [CJF emphasis added]
Furthermore, the U.S. Air Force intends to dismantle the High Frequency Active Auroral Research Program (HAARP) in Gakona, Alaska, by or during the summer of 2014! [1]
Built at a cost of more than $290 million, the site has 180 antennas on 30 acres that are used to direct energy into the ionosphere, which is 55 miles to 370 miles above the Earth, and monitor changes in the flow of charged particles. Stevens was the godfather of HAARP, which he helped start two decades ago with annual earmarks slipped into the defense budget. [1]
It seems that no research facility can be found to take over the HAARP Alaska facility. Could that be an indication that the weather modification system is regarded unfavorably? I find that as a possibility and extremely interesting, especially in view of all the technology that was invested and built into it. If no one wants to continue operating HAARP, will the State of Alaska be interested in it for education research purposes? But then, maybe HAARP-at-sea-ships, i.e., the Tesla Weapon Platform SBX-1, probably will be the most effective ‘on-site’ HAARP facility rather than one remotely stationary on land.
However, there are numerous HAARP facilities in other countries around the globe that the Tesla Weapon Platform SBX-1 possibly could interact with. But then, we have to wonder what Assistant Secretary Walker was referring to when he stated that they got out of HAARP Alaska what they wanted and were moving on…moving on to what?
May 2nd, 2014, I published “What’s With the Weather and Chemtrails?” Readers may want to review in light of the latest “bombshell” acknowledgement by Walker at a Congressional hearing.
Conspiracy theories and theorists truly have been vindicated about HAARP.
Knowing the dogged research we, who are proclaimed ‘tin hat theorists’, perform and circulate, this writer feels extremely confident that other information regarded as ‘conspiracy theories’ about vaccines and other ‘sacred cow’ secrets also will be vindicated at some forthcoming date—just when, who knows—since it all depends upon who has the integrity to stand up and tell the facts of what’s been going on that the U.S. media, press, TV, and controllers won’t permit be made public until it’s too late to get objection going to stop the destruction of the planet and humankind.
It’s graduation time, theorists. Throw your tin hats into the air and let them fall wherever they may land. Hopefully, they will land on some mainstream media journalists’ heads so they can wear them and become empowered to tell the facts of what’s really going on.
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