ZERO HEDGE: CHINA’S AND RUSSIA’S BID TO END US DOLLAR ...
If you've been following the BRICSA story, or the various gold stories, then you'll want to include this one in your reading, from Zero Hedge:
China Maneuvers To Take Away US' Dominant Reserve Currency Status
There are so many critical paragraphs in this article that to review them all here would be an impossibility, but I suspect that there are two in particular that needs to be addressed. The first is this:
"It should go without saying that China and Russia have designs to end the U.S. Dollar hegemony free ride. This is fundamental to understand and will be a game changer. The impacts on the standard of living of these players will be profound and especially negative for the U.S. How and in what manner this plays out is the question. I strongly believe that the answer lies in two parts: letting the U.S. put a noose around its own neck and then at the appropriate time, kicking the chair out from under it."
Both nations have histories of having been raided and raped by the western Anglo-American financial oligarchy; we need only remember the Opium wars, the role of Wall Street in financing the Bolsheviks(Anthony Sutton's Wall Street and the Rise of the Bolsheviks), or, more recently, the decision by president Truman to seize the Operation Golden Lily bullion - much of which was taken by the Japanese from China - and use it as a Top Secret slush fund for covert operations and black projects (see part One of my book Covert Wars and Breakaway Civilizations). Both nations, and their leadership, are acutely aware of these operations. And the idea of "payback" is, well, it's just plain human nature. But in a broader sense, both nations realize that for their interests to develop, inevitably a confrontation with western geopolitical power, which hinges on its financial power, must be made. In this sense, the moves are entirely predictable.
But the second paragraph of concern here is at the very end of this rather thoughtful article:
"Finally, higher gold prices are necessary if the U.S. wants to curb China demand and prevent an emperor-wears-no-clothes scenario on the home front. You see, once yuan becomes a currency fully backed by gold, the next logical step will be not just domestic but international pressure on the U.S. and others, like Germany, to lift the iron curtain and reveal whether the gold they claim backs their currency really exists. Then get ready for all hell to break loose."
We have already commented on this site on the peculiar take-down of gold on the same day as the Boston Marathon Bombing, and I suspect that this was, in part, at least an "op" to convince people to avoid gold... but now the problem is the reverse. It appears that Russia and China are betting on the gold card.
Which makes the recent and rather dramatic push in the west and in particular in North America, to talk up and introduce 3-d printing as quickly as possible, more interesting. In my opinion, it tends to corroborate the idea I have been suggesting, that the big push for post Cold War unipolarity by the Anglo-American elite may be sputtering out, and a retrenchment into its traditional bases of power, North America and Europe, is necessary.
We may add to this the recent spate of articles on asteroid mining that have been pushed, and the "collateralization" of space that this implies. What intrigues me thus far is that financial analyses of the sort cited in this blog remain two-dimensional, when in fact, I suspect that space has now become a major component of strategic, economic, and political planning, and for various reasons, gold figures into this. What remains to be seen is how analysts may incorporate such considerations into their articles. As we saw a few days ago, however, when blogging about India's Mars mission, the BRICSA nations are not going to remain idle in space, and as India's space chief clearly implied, India wants to sit at that Mars table in the future, along with China, Russia, Japan, and Europe.
The economic warfare picture that is beginning to emerge is thus intriguing, for how best to keep the USA away from that table?
Simple: make it economically impossible for it to remain a space power.
See you on the slip side.
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Cousin,
We are past a point of no return. The Large Bullion Bankers and their puppet Central Banks and Political Power Elite, controlled by nefarious interests currently in the shadows cannot stop the train as it is speeding down the track without brakes. It will hit the station and their will be much pain around the world. Because of Mother Russias pain taken earlier in the 90’s as well as her ability to control her people, She is now more than a force to be reckoned with. Our mistakes of growing a “welfare state” are going to haunt us until the new economic war is won or lost. In reality it will be lost for both nations peoples.
Love you Cousin
Hey thanks cuz… yea there’s a big economic war looming, but I think, too, some good possibilities…
Maybe China really is going to back their currency in some manner with precious metals, but if they do so they’re not very likely to move it out of these trade facilities they are currently setting up with the rest of the world – because the day a gold backed currency trades freely is the day its value shoots to the moon. Not such a good result if you’re trying to run an economy relying to any extent on exports.
This whole idea of a reserve currency is something that only emerges in the context of a freely trading system of currencies. It’s not such a great thing when you get right down to it, because it imposes a lot of requirements on the lucky host for the RC. Much better just to continue with the trade facilities, and perhaps settle net differences in gold (though there is the problem of how to price it).
And maybe this is the real future – one where currencies, at least with respect to certain nations, trade in these sorts of facilities.
“BRICSA nations are not going to remain idle in space, and as India’s space chief clearly implied, India wants to sit at that Mars table in the future, along with China, Russia, Japan, and Europe.”
With all the fearporns of alien terraforming earth while mass killing its inhabitants, i start to wonder what if its actually the other way around?
Now that “the Shadow war” has ended, maybe its time to repopulate and rebuild the solar system that was ravaged by the last great “Shadow war”.
“The petroglyph signified the coming Day of Purification when the true Hopi will fly to other planets in “ships without wings.”
Rebuilding is usually what happens after a war is over.
Of course, some kind of universal measurement, like the meter/liter, would be preferable in exchanges. The “money” measurements, instead of a being a sevant enabling such measurements, has instead, become a tool of the elitist few, to master/over the rest of mankind.
“We”, the people, need to bust the “power/few” cartel to kingdom come smithereens, and beyond.
Then get money to be a servant to all mankind, and labor once again ascend the throne.
And get that damn copyright working in a Benjamin Franklin friendly way.
RB–
Bet there’s more universality to something very close to the inch, than the meter. Also there’s that whole dividing by 2 thing, unlike the metric system.
Right money and service to it needs go.
We probably shouldn’t be expending effort to chase and contain energies either. That’s similar to chasing the money first not the thing the money is supposed to provide an exchange for.
Experience is the name a man gives to his mistakes. I don’t know about you, Sagnacity, but I’ve got plenty of experience.
For many, though, the rewards of a lifetime spent struggling(the myth of dignity in struggling) add up to, unfortunately, nothing(in terms of money). And nothing appears mores surprising to those with a philosophical eye, than the ease with which the many are governed by the few.
But back to weights & Measures. You know(& I absolutely HATE that meme), the only weight the slack-jowled, in-bred sons/daughters of privilege bring to the table, sits around his or her stomachs.
In terms of measures/weights, ect., of which I was referring to, they could all be best termed, in the symbolic: “megalithic yard”.
RB:
Not quite sure I follow that last paragraph, but I’ll note that a smart UK railroad engineer (track path surveyor+bridge building type) worked out a very good reason the megalithic yard is both universal and could be worked out exactly and independently without need to consult a bureau of standards unit in the bronze age. The inch is something else. It’s more what the so called pyramid inch equals anyhow.
S,
Alexander Thom spent many tears investigating the m-yard. There’s a good discussion of it in “Uriel’s Machine” by Christopher Knight. Kinda off topic, but…
db
Exactly
China and Russia have long memories, and they are going to do two things.
One they are going to take care of their own country and make sure that they have good financial policies which strengthen their position on the world stage.
Secondly they are going to slowly chip away at the power that the Anglo-American elite have orchestrated over the past few years. The game plan of the IMF and the World Bank is slowly being eroded, and not too soon.
America is Venice, and we all know what happened to Venice and the Chaldean elites.
I agree with your assessment Downunder.
I thought the USA gave up on space after the Apollo program. Man space program look what happen when Newt Gingrich mention a man space base on the Moon all the gas heads laugh at him. As for bankrupting the dollar hasn’t the USA been doing that for the last sixty seven years with all the losing wars it has been involve in.
Indirectly, for not exactly the right reasons, I think you’d be right. In about 1970 the US space program became something else, as did the backing for the US dollar. After all Brian O’Leary (the astrophysicist, then later someone willing to admit interest in psychic phenomena and free energy) started out astronaut training for a manned mission to Mars, akin to the Apollo moon landings, but clearly that version of the space program was cancelled. He also made noises about some second hidden space program; I think in his books which I’ve not read.
Lets see, now Vietnam is a source of inexpensive goods for the west, while it’s controlled by a corrupt “commnunist” government. The US lost the one war in the 1970s and then did a run around that loss, I’m sure now the US sees Vietnam as a willing ally against China.
It’s likely that the USA+SAIC+Titan Security run some kind of joint base on the moon (far side) at least. And there may very well be other earth/human parties there.
And remember defenders of militarism by the US love to expound on how the US defeated communism, so those monies weren’t wasted, according to Reaganlovers.
Case in point, the entire Zero Hedge is just and summary of gold is it great advocacy. Do they not realize the importance, and in fact primacy of energy. Looks like someone there lost monies speculating on the gold. Somehow potable water enough rice and wheat would be more important to China. (And yes those last two things would be cheaper for China to import if oil+natural gas were traded in Yuan. But China is not going to back it’s entire currency in something like gold which can be made reasonably inexpensively.)
“BRICSA nations are not going to remain idle in space, and as India’s space chief clearly implied, India wants to sit at that Mars table in the future, along with China, Russia, Japan, and Europe.”
With all the fearporns of alien terraforming earth while mass killing its inhabitants, i start to wonder what if its actually the other way around?
Now that “the Shadow war” has ended, maybe its time to repopulate and rebuild the solar system that was ravaged by the last great “Shadow war”.
“The petroglyph signified the coming Day of Purification when the true Hopi will fly to other planets in “ships without wings.”
Rebuilding is usually what happens after a war is over.
H:
Unfortunately none of this possible great rebuilding of solar system wide civilization is going to happen on anything like a mass peaceful scale without a public better understanding of things like gravity, magnetism, and energy. Right now better applied science is barely taught in grad school–bits sneak through. However once that better understanding of aether physics is out, well it can be weaponized of course, someone could decide to direct the energy from a hurricane into turning the Trade Center in to powder.
I note that the John Carter movie has advanced tech, but it’s clearly been used to destroy the planet and is still being used that way. It’s significantly different than the book, and not as well written as a good episode of SG1, so I see why it was reviewed badly; it’s not a very good movie, and it doesn’t have the most interesting ideas in it. But yes, clearly someone knew of Hoagland et al.
Perhaps humanity needs to learn not to first reach for the gun, before we can actually do anything productive.
So why are they buying up such incredible amounts of gold, as well as buying any mines on offer around the world? I know they have bought mines in Australia.
Even if Wall Street lent monies to both sides in the Russian Revolution of 1917, is there any evidence of ongoing massive profiting from Russia+and the Soviet Union by Wall Street firms in the 1930s? That’s a much more interesting question, and without a resounding affirmative, the idea that western banks raped Russia, before the 1990s, is misleading to say the least. Was Stalin paying ibanks in 1935? Or simply employing the oil engineers like daddy Koch? The latter could easily have been paid in oil.
China, yep there’s massive evidence of pillage there. Particularly on the coast.
3D printing has been around for years, the Soviets were showing it at trade fairs in about 1990. Right now the most interesting commercially available machines are German and Swedish.
Russia likely knows full well that gold can be made industrial quantities. So Russia is unlikely to bet on that.
Ending the reserve status of the US dollar would help make the US make things, instead of exporting dumb ibanking ideas propounded by the likes of Ronald Reagan and Larry Summers. But that will take a while and upset the likes of Sarah Palin. Richard Nixon already made oil (really energy) the currency of the world, he then limited trading of oil to dollars, so as not to have to back the dollars outside the US with the gold in Fort Knox. Energy is much more valuable than gold, and energies is something Russia has, likely of course other parties too. So gold and 3D printing remain a bit of a distraction. (Though 3D printing can do some interesting organic formations.)
Правильно мыслишь. Большевики поимели Уолл-стрит.
yriuv62:
I assume you can read and write English in Roman letters.