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RUSSIA-BRICS PLAN TO DISMANTLE DOLLAR RESERVE SYSTEM

So many of you sent me this one that I have to post it. Additionally, it provides more of a geopolitical and financial backdrop for my comments on last Thursdays News and Views from the Nefarium on the geopolitical dangers posed by Mr Putin and the kind of Neo-Tsarism he represents. Here's the article:

Russia's Plan For The BRICS To Dismantle The Dollar System

And there's this:

'The world is in a state of financial war' - Russian presidential advisor

The essence of this assault, as I averred yesterday, is I suspect more complex than just the financial. Russia and China (and particularly the latter), would be in a position to know of the vast Japanese plunder of Asia during World War Two in operation Golden Lily, of the secret and vast system of finance that it was used for, given President Truman's decision to keep the whole matter top Secret, and to create a hidden system of "unvouchered funds" for political and covert operations. As I argued yesterday, and more in detail in Covert Wars and Breakaway Civilizations, the sheer size of this system would seem to have exceeded the covert operations requirements of the entire postwar-Cold War period, and may have been a primary means of the funding of black research projects.  Left in place, there would come a point of no return such that it could withstand any possible coalition.

Something like this, I believe, is behind the BRICSA's, and particularly Russia's, reasoning:

"The goals are clear. In the section titled 'Strategic goals,' the first point on the BRICS’ agenda is the reform of the world financial system in order to make it 'fairer, more stable, and more efficient.' In the later chapters, it is spelled clearly that this 'reform' is actually a dismantling of the dollar system.

"It is worth noting that the place of this issue in the list of the BRICS’ priorities speaks volumes about its importance. Judging by the order of priorities, depriving the dollar of its status as the world reserve currency is more important than 'preventing breaches of sovereignty' (a.k.a. the 'Syrian problem') or 'expanding economic cooperation.'"

The flip side of the coin, of course, is that the Western oligarchs must step up their timetable to prevent that from happening.

But there's something else happening too, and I hope you caught it:

"Since the Durban Summit, at least one of those measures has been implemented: RT reported that 'China’s Dagong Global Credit Rating agency is to set up the joint venture with US-based Egan-Jones Ratings Co (EJR) and Russia's RusRating JSC to challenge the three major US ratings agencies.' As BRICS countries try to achieve the rest of their stated goals, it remains to be seen if the dollar system survives the joint onslaught of the biggest emerging economies."

That is, as confidence in western nations themselves erodes in their own governments, political institutions, and financial districts, expect more and more of these types of alliances - including ratings agencies - between the BRICSA nations and western corporations. Already in the USA there are areas or trading zones being carved out where the BRICSA nations - mostly China - have unique privileges and almost quasi-sovereign territorial status.  Expect more of it, and expect more pushback from the western oligarchs.

See you on the flip side.

24 thoughts on “RUSSIA-BRICS PLAN TO DISMANTLE DOLLAR RESERVE SYSTEM”

  1. Dear Joseph, as piggy in the middle, being at the bottom of Africa which has been by and large Anglo American in it’s industry, and previously Nazi Fascist Apartheid, moved onto a Democracy and now moving onto a new world with South Africa not only being part of the new BRICSA but still having considerable influence from the above two forementioned, and no the racists are still alive and well in certain pockets, I really do find myself in the middle of a cross waters so to speak, which is true actually, it is at the Cape Point that the Atlantic and Indian Oceans meet, east and west.

    I am not deluded into thinking that Putin, Russia and China are angels at all, but when I do a tally, all I can say is I feel a very deep disappointment with the western nations, a total betrayal and disgust at the very low point they have reached, as for trust that was long ago blown out of the window. The banks scandals being but one blimp in this total betrayal of western society by their own leaders.

    Shall I list them forward or backward? Dear God there are so many points I would fill up this page. NWO and everything it stands for about sums it up. The world wide move towards Corporate Fascist States, and a corporate fascist system where the taxes of all countries go into a one world bank rather than servicing education, health, police, transport etc, what we are used to our taxes paying for in individual nation states. Instead roads, food (Monsatan), water (including rainwater,) electrcity and retail is all put into the hands of a few large corporate bodies world wide and the people get to pay high prices for these services over and above the taxes they pay to a one world bank. .

    Add to this genetically modified foods, plants, animals, human DNA and patenting all, again in the hands of a few corporations…. if the vice grip is not chocking you yet, then you are still watching Fox.

    Then we have the total degeneration of morals and values, the sexualisation of young children at a far too early age, the progressive ongoing steps towards the acceptance of pedophilia… as the norm. This sickness pervades all western societies and non western ones influenced by the western media especially in TV. movies and the music industry. And the Vatican, that great “Christian” institution deeply involved in money laundering and sexual child abuse, steered and controlled by a previous Nazi and now totall yin the hands of the Jesuits. Jeusit Black Pope and Jesuit White Pope and if the jesuit oath is not enough to send chills down your spine, nothing will.

    Most of these criminals can all be traced to the Bilderberg group and those associated with them, the Nazis did not lose WW2, they just changed geer and location and masks.

    I am heart broken to see the west destroyed this way, it makes a mockery of all our history going back to the Greeks and the Great Library of Alexandria. It is a mockery of anything civilized, uplifting and creative.

    So though I do not think Putin or China are angels, if this is what it takes to bring down an evil, corrupt and degenrate civilization that is currently threatening the whole world with war and destuction, and slavery to corporate fascism, and the death of the dollar is the only way to stop these madmen… then so be it.

    1. One more addition: I cannot even begin to tell you how totally and utterly disgusted I was to discover the true nature of the drug industry and the involvemnet of the highest levels in the US Congress. Mexican drug cartels aside, the $100 billion herion CIA industry in Afghanistan under the auspices of getting rid of Al Qaeda, another CIA front…. I am at a loss for words.

    2. Gail…. You can add to that list shelters for school children who live in tornado alley. Sad day.

      db

      1. My deepest sympathies…. really….. however one should also acknowledge the 1.4 million dead in Iraq and the resulting horrific high deformed birth rate due to depleted uranium, the 10 million killed by “rebels”in the Congo while they are raped of their mineral resources…. and I have not even got to agent orange in Vietnam…..

        1. We can’t help anyone until we help ourselves, quite frankly, and we aren’t doing that at this point I don’t care what’s happening in the world. Yes, regarding agent orange. I have two brothers and a cousin, as well as their offspring who are suffering from the effects of agent orange, so please SPARE ME THE DOOM OF THE REST OF THE WORLD.

          db

    3. Robert Barricklow

      Well put Gail.
      What should to be added?
      Are more informed & vigilant people like yourself.
      There are just too few like you.

      1. Note to Robert / Daphne:
        For some reason my posts [and others] have been dropping off the feed list [seems to affect moderated posts esp]. I posted a final comment to you on the Putin thread. Daphne saw it, but I don’t know if you did. Also her reply was not on the feed list. I just happened to see it.

  2. Interesting post!

    I am intrigued about your connection/link between the breakaways and the banksters. I operate under the impression that they have been in conflict with each other under different guises for centuries, and one of them now seems to have the upper hand.

    Again! Where do you see the connection between the two?

  3. Robert Barricklow

    The old classic of fighting a monster only to find, in the end you’ve become a monster, perhaps even worse. The monster is unfettered capitalism that is defining our times and setting ther terms in understanding everthing else, including this tool we’re using – the internet. But wait there’s more, it also defines everything else of a social nature, including politics. In regards then to the BRICSA system vs the current dollar reserve system/the ways capitalism works and doesn’t work should be front and center. Capitalism, or its euphemism, Free Markets. So to develope any system, say, oh …democracy; any attempt to make sense of democracy divorced from its relationship to capitalism is sheer folly. The BRICSA system should take into account today’s income, wealth, & economic positions as political resources that are distributed UNEQUALLY. If the citizens cannot be political equals, the how far have we progressed?
    The system needs to take capitalism to the operating table. It has become as cancerous, as it’s privately-owned, monopolized, debt-based, sequencial money’s become.
    Capitalism is at war to grow or it faces death. If you play, you have to win.

  4. marcos toledo

    We had a choice at the end of the nineteeth and the middle of the twentieth centuries to stay out of the empire business. But no we mindlessly plunge into that business then and now we are paying the price for those decisions. It is time to pay the piper we will reap all what we have sown down the centuries.

    1. Mr. Putin into Neo-Tsarism? How about USA into total dictatorial dominance, on and off planet.

      I can’t believe Joseph’s vision has been obscured by the trees on this one, so yes, Marcos, you hit the nail square on the head here!

    2. What goes around Marcos, generally comes around. All empires rise and fall and the Anglo-American Empire is on the precipice of an almighty fall. However the thing to watch is that as an empire falls, another rises to take its place.

      1. And, another thing to deal with is the idea that western Banksters with their political – military machine will not go down quietly since in their view ALL other currencies must be under the Federal Reserve Note.

  5. Frankie Calcutta

    Maybe the recent spate of zombie movies and tv shows is a not so subtle message by the banksters/Breakaway Civilization to show Americans what will happen when the dollar falls from its perch? Maybe by bashing organized religion and dollar hegemony we are sealing our own horrible fate? Was it not the tenets of organized religion which prevented Americans from descending into total barbarism during the Great Depression? And is it not dollar hegemony which gives us our standard of living? Maybe by bashing organized religion and dollar supremacy we are really just doing someone else’s bidding? Someone (China) who never got their gold returned to them after WWII? Or, someone (Russia) who lost the Cold War? Or someone (Nazi International) who lost out to the banksters in WWII and now wants to replace the banksters as the controllers of the world’s money supply and narcotics trade?

    Be careful for what you wish for. Every major player who wants to see the banksters/Breakaway Civilization destroyed probably only has revenge on their minds and the US citizens will be the ones in the cross fire. And history has shown time and again, the replacement regime is usually much worse. I’m sure the Chinese would love to see Americans become the new slave labor factory workers. And the Russians would love to see us conquered, demoralized and with their social problems. And the Nazi International would love both of these scenarios, but only after our entire country is carpet bombed and our cities are laid siege and solely defended by young teenage boys while the young teenage girls are dragged off to serve as comfort women for the invading armies.

    The banksters and Breakaway Civilization may be cruel, genocidal, psychopaths, but they are our cruel, genocidal, psychopaths.

    1. Widely available easy to use free energy systems that couldn’t be immediately made into weapons would solve a lot of that mess. But it means giving up control.

      This is similar to the internets.

    2. As the saying goes, “the enemy of my enemy is not necessarily my friend” (but BRICSA also includes Brazil and India, where things are not perfect (where are things perfect?) but somewhat more human than say in the Chinese sphere. And as for “our banksters”, and the other oligarchs as well, they – we – are all in this together with the current series of world megacycles. And perhaps we could quote Ernst Junger: “As the sun sets even little men cast tall shadows…”

      1. Frankie Calcutta

        DanaThomas,

        Thanks for the Ernst Junger quote. I don’t know what I find most interesting about Ernst Junger’s life. His exploits in the trenches of WWI and his unflinching philosophy toward war. His days as an artist living in Weimar Berlin. His time spent with Albert Hoffman experimenting with LSD, or the fact that he returned to Germany when duty called once again and spent WWII as a Captain in occupied Paris spending most of the war in cafes hobnobbing with artists.

        Then there is his post war international fame and his end of life conversion to Catholicism. Truly a fascinating human being.

    3. I quite agree with you, Frankie. Who was it who coined the phrase “out with the old, in with the old” to describe the ruling party personnel changes of the French (and every other) Revolution?

      Despite the hype, Capitalism is not so different from Feudalism. I wonder if the driving forces in the BRICSA nations are not simply the sons and daughters/nieces and nephews of the current ruling elite who see no other way to get a serious piece of the action. There have been recent reports of Rothschild and Rockefeller meetings with Chinese and Brazilian officials.

      1. One must first define terms to perceive their intended or obfuscated meaning. There is CAPITALISM & there is capitalism. There are Limited liability companies for accounting & tax purposes & there are CORPORATIONS or CARTELS. There is liberation FROM emotional & spiritual bondage & there is liberation FROM the self-discipline & boundaries that provide for liberation. Further, CORPORATISM is actually anathema to & destroys capitalism. Now for the largely ambiguous & obfuscated term “capitalism.”

        Basic capitalism can be defined as a social & economic environment in which the fruits, wealth or capital of human labor accrue by fair apportionment to owners of infrustructure, labor etc, a right & superior claim to the benefit, advantage & compensation to those whose labor is vested in them. All free men own their labor & the fruits or “capital” there from is an expression & confirmation of their self-mastery, i.e., a master of no man except oneself. Labor is a man’s most private source & form of wealth & capital, which all men may then but informed consent agree to exchange value for value for the desires & necessities of life. CAPITALISM, however – better defined as CORPORATISM, is indeed MONOPOLY or CARTEL FEUDALISM – a CARTEL comprised of a COMMUNITY of LIKE INTERESTS who agree not to compete to an exclusion & demise of all others. Today, Government is largely the handmaiden of CORPORATIONS. In fact, CORPORATIONS, through NGO’s like the CFR, actually formulate & impose government policy. See, Psychological Warfare & The New World Order: The Secret War Against The American People, by Servando Gonzalez.

        I.G. Farben (Intercession-Gemeinschaft Farbenindustrie AG), was in its day a GLOBAL CARTEL ostensibly comprised of over 700 separate CORPORATE ENTITIES. These ENTITIES, although they & their owners controlled large volumes of capital & resources, were not capitalists per se,’ but FEUDAL MONOPOLY CORPORATISTS precisely. Whereas proper fair market capitalism provides FOR competition, & a government that serves exclusively as a referee to ensure the game is fairly played, see anti-Trust laws, the ROCKEFELLER FEUDAL FACTION claims “competition is a sin.”

        When wages are defined as a “cost of doing business” and a liability to the wealth or capital of the CORPORATION or Land”Lords,” rather than upheld as an asset of a production of wealth no matter at which stage of production labor is applied, then this constitutes an inversion of the proper relationship between wages & labor that encases the people of this society in economic servitude. All labor creates its own wage, which is the personal capital or wealth of the man or woman who creates it.

        This prior & superior claim to the fruits of labor by the man, who then may agree to exchange his labor for fair compensation, is an absolute first principle of human freedom & a fair market economy. This is why the original motto of the American colonists was inclusive of an apriori claim to the unalienable human rights to life, liberty & “property” – property, especially inclusive of a man’s labor. In the absence of an upholding of a claim to the private property & labor of a man, by right of the man himself, the first two human rights are without force & foundation. Currently, these intended human rights have been co-opted under a GUISE & PRETENSE of CORPORATE PERSONHOOD & CITIZENSHIP. See, the 1886 Supreme Court gifting of CORPORATE PERSONHOOD by US Supreme Court Chief Justice & Yale Bonesman M.R. Waite.

  6. Quote:

    “Already in the USA there are areas or trading zones being carved out where the BRICSA nations – mostly China – have unique privileges and almost quasi-sovereign territorial status.”

    For example?

    And China+Russia+Brazil+Occupy Wall Street+Argentina all have good reason to object to plundering by US+German+UK ibanks.

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