The demise of the dollar

[mepps1]

nftflogo.png
September 11, 2014
Santiago, Chile

Governments and mainstream media outlets have a great way of presenting sensational threats and evil villains.

They want us to be terrified of men in caves, roving bands of barbarians, and deadly viruses that turn our insides out.

Last night, for example, President Obama told the world that ISIL poses the most significant threat to global security.

(Ironically al-Qaida no longer seems to be a threat, and ISIL, which no one had heard of until a few months ago, is now public enemy #1. It just goes to show how shallow and reactionary the security theater is…)

But here’s the truth:

If you live in the Land of the Free, you’re far more likely to get ‘accidentally’ shot by a police officer than blown up by a terrorist.

You’re also far more likely to lose the preponderance of your life’s savings due to a currency crisis than you are to be infected with the Ebola virus.

Words are hollow. Look at reality.

Mr. Obama said last night that America stands for Freedom. Justice. Dignity.

It sounds great. But this comes from a President that has presided over illegal spying of American citizens, allies, and even sitting politicians in Congress.

They assassinate people by remote control drones. They aggressively pursue whistleblowers who shine a spotlight on their activities. And they set aside international law to invade any country of their choosing in their sole discretion.

They’re also actively encouraging the collapse of the dollar-denominated financial system.

Right now, the preponderance of world trade is transacted and settled in US dollars.

This has created tremendous demand from literally billions of people, companies, banks, and governments around the world to hold dollars and use the US banking system.

As a result, the US effectively gets to trade money they have conjured out of thin air for goods and services that foreigners have had to work hard to produce.

This is an unbelievable privilege for the US, and one that they have been abusing for years.

They have chased entire nations out of the financial system. They’ve blasted foreign banks with debilitating penalties for doing business with countries the US doesn’t like.

They’ve arrogantly commanded foreign banks to comply with absurd, costly regulations.

And they’ve practically forced the Chinese and Russians into bed with one another.

Mr. Obama can trumpet American exceptionalism all he wants. He can brag about how ONLY America can lead the world. But the Chinese are laughing all the way to the bank.

Fact is, China, Russia, and others are already taking steps to circumvent the US dollar and the US financial system.

The world is desperate for an alternative to the dollar and China is about to give one to them.

This isn’t any cloak and dagger stuff. It’s happening in broad daylight for everyone to see like a slow-moving train wreck.

The government is turning your country into a police state, and they’re destroying the value of your currency.

These are the real threats to your life and livelihood. Not ISIL. Not al-Qaida. Not Ebola. Ignore the propaganda and see for yourself.



Until tomorrow,
Signature
Simon Black
Senior Editor, SovereignMan.com

[Marcus]

Wow...I skimmed front to back of this thread and was taken aback by the amount of truth content. Everything has come true. I'm amazed that they are actually pulling off this slow planned collapse.

"Isolated" Russia Begins Testing De-Dollarization-Driven Payment System
http://www.zerohedge.com/news/2014-1...payment-system

Having announced its intention to create an alternative to the SWIFT payment system (following calls from Western politicians for SWIFT to cut off Russia - which the 'independent' firm rapidly denied), Russia recently said it would be ready in May. However, it seems the rapid drop in the Ruble (and the Yuan in recent days) has escalated the need for this de-dollarized payment system and, as RT reports, Russia’s Rossiya and SMP banks, which fell under Western sanctions, are among the eight lenders that will start testing the country’s new national payment system on December 15...

Beijing, We Have A Problem

The Chinese stock market hit a four year high today at 3,020. This is up 53% since the middle of 2013 low and up 48% in the last six months. I guess this must mean the Chinese economy is operating on all cylinders. If you think so, you’d be wrong. As Anne Stevenson-Yang - who has lived there since 1985, told Barron's, the entire Chinese economic miracle is a fraud. The reforms are false. The leaders are corrupt and as evil as ever. The entire edifice is built upon a Himalayan mountain of bad debt. This lady is about as blunt as you can get about Chinese fraud, lies, mal-investment, and data manipulation...

[Marcus]

Originally Posted by Marcus

Putin Says The Petrodollar Must Die, "The Dollar Monopoly In Energy Trade Is Damaging Russia's Economy"
http://www.zerohedge.com/news/2014-0...russias-econom



This is what Gaddafi was suggesting in the year before he was taken out. Currency wars almost always lead to real wars. These are dangerous times we're living in. Central bankers and their puppets in gov't will do almost anything to retain their power. There's a reason why the Bank of International Settlements is located in Basel.

Western Banks Cut Off Liquidity To Russian Entities
http://www.zerohedge.com/news/2014-1...ssian-entities

Unfortunately for the bulls, various falling knife-catchers, and those who hope the Russian situation will stabilize imminently with or without capital controls, it appears things in Russia are about to get a whole lot worse because as the WSJ reports, the next driver of the Russian crisis is likely to come from within the banking system itself because "global banks are curtailing the flow of cash to Russian entities, a response to the ruble’s sharpest selloff since the 1998 financial crisis."...

[Marcus]

IMF Now Ready To Slam The Door On The U.S. And The Dollar
http://www.zerohedge.com/news/2014-1...-us-and-dollar

As I predicted last month in “We Have Just Witnessed The Last Gasp Of The Global Economy,” severe volatility is now returning to global markets after the pre-game 10 percent drop in equities in October hinted at what was to come.

We expected such destabilization after the wrap-up of the Fed taper, and the markets have not disappointed so far. My position has always been that the taper of QE3 made very little sense in terms of maintaining the manipulated illusion of economic health — unless, of course, the Federal Reserve was implementing the taper in preparation for a renewed financial catastrophe. That is to say, the central bankers have established the lie of American fiscal recovery and then separated themselves from blame for the implosion they KNOW is coming. If the markets were to collapse while stimulus is officially active, the tragedy would be forever a millstone on the necks of the banksters. And we can’t have that now, can we?

This is not to say that individual central banks and even currencies are not expendable in the grand scheme of things. In fact, the long-term goal of globalists has been to consolidate all currency systems and central banks under the outward control of the International Monetary Fund and the Bank Of International Settlements, as I outlined in “The Economic Endgame Explained.”

That particular article was only a summary of a dangerous trend I have been concerned about for years; namely the strategy by international financiers to create a dollar-collapse scenario that will be blamed on prepositioned scapegoats. I have no idea what form these scapegoats will take - there are simply too many possible triggers for fiscal calamity. What I do know, though, is the goal of the endgame: to remove the dollar’s world reserve status and to pressure the American people into conforming or even begging for centralized administration of our economy by the IMF.

The delusion perpetuated in the mainstream is that the IMF is a U.S.-dominated institution. I have outlined on many occasions why this is false. The IMF like all central banks is dominated by the international corporate banking cartel. Central banks are merely front organizations for globalists, and I am often reminded of the following quote from elitist insider Carroll Quigley when I hear people suggest that central banks are somehow independent from one another or that the Federal Reserve is itself the singular “source” of the world’s economic ills:

It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down.

The substantive financial powers of the world were in the hands of these investment bankers (also called “international” or “merchant” bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful and more secret than that of their agents in the central banks.
No one can now argue against this reality after we have witnessed hard evidence of Goldman Sachs dictating Federal Reserve policy, as outlined here.

And, most recently, we now know that international bankers control political legislation as well, as Congress passed with little resistance a bill that negates the Frank-Dodd restrictions on derivatives and places the U.S. taxpayers and account holders on the hook for more than $303 trillion in toxic debt instruments. The bill is, for all intents and purposes, a “bail-in” measure in disguise. And it was pushed through with the direct influence of JPMorgan Chase CEO Jamie Dimon.

The Federal Reserve, the U.S. government and the dollar are as expendable to the elites as any other economic or political appendage. And it can be replaced at will with yet another illusory structure if this furthers their goal of total centralization. This has been done for centuries, and I fail to see why anyone would assume that globalists would change their tactics now to preserve the dollar system. They call it the “New World Order,” but it is really the same old-world monetary order out of chaos that has always been exploited. Enter the IMF’s old/new world vision.

While the investment universe has been mesmerized by the deterioration of the Russian Ruble and oil prices, the IMF has been a busy little bee hive...

In articles over the past year, I have warned that the plan to dethrone the dollar and replace it with the special drawing rights basket currency system would be accelerated after it became clear that the U.S. Congress would refuse to pass the IMF reforms of 2010 proclaiming “inclusiveness” for developing economies, including the BRICS nations. The latest spending bill removed any mention of IMF reforms. The IMF, under Christine Lagarde, has insisted that if the U.S. did not approve its part of the reforms, the IMF would be forced to pursue a “Plan B” scenario. The details on this “plan B” have not been forthcoming, until now....

[Marcus]

Russia Just Pulled Itself Out Of The Petrodollar

When the price of crude started its self-reinforcing plunge, such a death would happen whether the petrodollar participants wanted it, or, as the case may be, were dragged into the abattoir kicking and screaming. It is the latter that seems to have taken place with the one country that many though initially would do everything in its power to have an amicable departure from the Petrodollar and yet whose divorce from the USD has quickly become a very messy affair, with lots of screaming and the occasional artillery shell. As Bloomberg reports Russia "may unseal its $88 billion Reserve Fund and convert some of its foreign-currency holdings into rubles, the latest government effort to prop up an economy veering into its worst slump since 2009." "Together with the central bank, we are selling a part of our foreign-currency reserves,” Finance Minister Anton Siluanov said in Moscow today. “We’ll get rubles and place them in deposits for banks, giving liquidity to the economy."...

[jfjf]

The appreciation of the dollar, depreciation of gold and other industrial commodities is all exactly the opposite of what we have all been worrying about with Obama's reckless deficit spending and zero interest fed policy.

I'm really confused...

Does the world need a new war to drive global demand back up?

[Marcus]

Originally Posted by jfjf

The appreciation of the dollar, depreciation of gold and other industrial commodities is all exactly the opposite of what we have all been worrying about with Obama's reckless deficit spending and zero interest fed policy.

I'm really confused...

Does the world need a new war to drive global demand back up?

Well...the problem is that the every market is rigged. The big fiat money fed reserve can ejaculate money at a whim. That, along side the should be illegal HFT (High Frequency Trading) machines...and that gives them total control. Especially when they control the narrative on the MSM.
Thing is, it can't go on very much longer. As the evidence shows in this thread, it will come to the collapse of the dollar. The controlled collapse works every time to keep the pitch forks at bay.
Gold has held up very well against it lately. It has completely decoupled from the dollar/crude. It's a great buy right now. Nations across the world think so, as well. They've been buying record amounts of it for the past couple years.

[Marcus]

De-Dollarization Accelerates: Russia Launches SWIFT-Alternative Linking 91 Entities

Three months ahead of schedule, Russia announces the launch of its own 'SWIFT'-alternative, linking 91 credit institutions initially, suggests de-dollarization is considerably further along than many expected (especially as Russia dumps US Treasuries at a record pace)...

[Marcus]

De-Dollarization: Russia Ratifies $100 Billion BRICS Bank

A BRICS Bank - as an IMF alternative and to enable nations to become less dependent on the global reserve currency - was originally discussed at The BRICS Summit in 2012. Then at the 2014 BRICS Summit, the framework for The BRICS Bank was approved as "a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the United States and their allies." Headquartered in Shanghai and chaired by Russia, this week saw what appears to be the final step in the creation of BRICS New Deverlopment Bank as RT reports, The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa. It is expected to start fully functioning by the end of 2015. Isolated?...

[Marcus]

What to expect when the dollar crashes.

http://www.zerohedge.com/news/2015-0...y-crisis-redux

Here's the price of gold in Ukraine right now. Those poor people...all because some globalist wanted to run a gas pipeline thru their country. I don't understand why the population left doesn't rise up and kick the US supported neo-Nazi puppet gov't out.

"Food prices among producers rose 57.1 percent, with the price for grains and vegetables rising 91 percent from January 2014 to January 2015, while the official inflation rate over the period totaled 28.5 percent.

Meanwhile, Ukrainian consumers responded to economic difficulties by cutting their spending in hryvnias by 22.6 percent, which amounts to an almost 40 percent decrease in real consumption."...

[Seal Rock]

A very educational video on why the dollar won't collapse anytime soon.

YouTube

[Marcus]

China Completes SWIFT Alternative, May Launch "De-Dollarization Axis" As Soon As September

Following a year of threats that the west would kick Russia out of SWIFT, Moscow finally took the plunge and created its own international payment system alternative. And now, seeing how easy and fast it can be done, here comes China next with its own "China International Payment System" or CIPS, as one after another major global powers wave goodbye to a dollar-based, Washington-controlled (and NSA-supervised) international funds-transfer protocol. One that no longer relies on the US Dollar...

[Marcus]

Originally Posted by Seal Rock

A very educational video on why the dollar won't collapse anytime soon.

http://youtu.be/PTUY16CkS-k

Great video but I'm at a loss as to how you came away with "the dollar won't collapse".

[Seal Rock]

"Petro Dollar!" It also explains everything since 1945.

[Marcus]

Originally Posted by Seal Rock

"Petro Dollar!" It also explains everything since 1945.

It sounds like you understand the rigging of the world's reserve currency due to the deal made w/ Saudi Arabia, but you haven't monitored things of late.
You might want to read this thread from the beginning. Russian, China, and the BRICS are currently circumventing the petrodollar.
I'm certainly not talking down to you but recent events are changing everything.