MEDVEDEV: IN THE WAKE OF SANCTIONS, REGIONAL RESERVE CURRENCIES
Russia, in case you haven't noticed, has been playing hardball with the west's sanctions and its attempts at "regime change." Well, as I've said many times, those kinds of games are games that two can play, and Russia's response to the sanctions game has been something that, in my opinion, Mr. Globaloney perhaps wasn't banking on, namely, "ok, if you're going to freeze all of our foreign assets, we're going to make you pay for our oil and gas in rubles. Or gold. We'll take either." They followed up on those "announcements" with removing the value added tax on gold and putting a floor on it. Et voila! the ruble regain most of its lost value and all of a sudden Europe was forced into making a choice: continue to by energy from Russia (in rubles), or from America, which has proven it can and will weaponize the dollar, and hence reveal its increasing untrustworthiness as a reserve currency.
There is of course, more to this than meets the eye, but I talked about that at length in the first quarter wrapup with Catherine Austin Fitts.
The lesson from all of this is, if you want someone to play the role of victim, don't hire Russia.
What I want to talk about now is one of the potential fallouts and implications from all of this in an article shared by M.D. (with our thanks), because for some time one of the things I've been predicting might happen as the Empire of Lies unwinds and its dollar goes the way of the Venetian ducat (another empire of lies), is the rise of regional reserve currencies, and an entirely new paradigm in world finance, that of two or more reserve currencies at the same time. The closest parallel we've seen in modern times was the post-World War One system of sterling and dollars, but now we could see a multi-polar system, and none other than former Russian president and prime minister Dmitri Medvedev is saying this openly:
Meet the New, Resource-Based Global Reserve Currency
There's much to note in this article, but I want to focus on two things. Firstly, Medvedev is an "atlanticist", i.e., one of those Russians who believe Russia's future lies with closer integration with the Atlantic powers, i.e., the "West," and thus he is decidedly not a Eurasianist. Yet, even for Medvedev, the handwriting is on the wall: the west has cut its own throat (sanctions), backed the wrong horse (the Ukraine) and has created such mistrust in its reserve currency (the dollar) that a complete realignment is not only needed but, over the next several years, will be the inevitable result as new regional reserve currencies will emerge:
It was something to behold. Dmitri Medvedev, former Russian President, unrepentant Atlanticist, current deputy chairman of the Russian Security Council, decided to go totally unplugged in an outburst matching the combat star turn of Mr. Khinzal that delivered palpable shock and awe all across NATOstan.
Medvedev said “hellish” Western sanctions not only have failed to cripple Russia, but are instead “returning to the West like a boomerang.” Confidence in reserve currencies is “fading like the morning mist”, and ditching the US dollar and the euro is not unrealistic anymore: “The era of regional currencies is coming.”
After all, he added, “no matter if they want it or not, they’ll have to negotiate a new financial order (…) And the decisive voice will then be with those countries that have a strong and advanced economy, healthy public finances and a reliable monetary system.”
Medvedev relayed his succinct analysis even before D Day – as in the deadline this Thursday established by President Putin after which payments for Russian gas by “unfriendly nations” will only be accepted in rubles.
The G7, predictably, had struck a (collective) pose: we won’t pay. “We” means the 4 that are not large Russian gas importers. “We”, moreover, means the Empire of Lies dictating the rules. As for the 3 that will be in dire straits, not only they are major importers but also happen to be WWII losers – Germany, Italy and Japan, still de facto occupied territories. History does have a habit of playing perverted tricks.
What this means is not necessarily that the dollar will lose reserve currency status, but rather lose its monopoly on that status, as it becomes a reserve for trade with north America and Europe. Elsewhere, particularly in the crucial Eurasian landmass, look for rubles, rupees, yuan and yen to acquire that status, particularly with the "smaller state major economies" like Australia, Indonesia, Malaysia and so on.
But there's something else lurking in this article, and it's worth noting.
While the Atlanticist ruling classes have gone totally berserk but still remain focused on fighting to the last European to extract any remaining, palpable EU wealth, Russia is playing it cool. Moscow has been quite lenient in fact, brandishing the specter of no gas in Spring rather than Winter.
The Russian Central Bank nationalized foreign exchange earnings of all major exporters. There was no default. The ruble keeps rising – and is now back to roughly the same level before Operation Z. Russia remains self-sufficient, food-wise. American hysteria over “isolated” Russia is laughable. Every actor that matters across Eurasia – not to mention the other 4 BRICS and virtually the whole Global South – did not demonize and/or sanction Russia.
As an extra bonus, arguably the last oligarch capable of influence in Moscow, Anatoly Chubais, is gone. Call it another momentous historical trickery: Western sanction hysteria de facto dismembered Russian oligarchy – Putin’s pet project since 2000. What that implies is the strengthening of the Russian state and the consolidation of Russian society.
...
The Russian Central Bank, unlike the Fed, does not practice QE and won’t export toxic inflation to the rest of the planet. The Russian Navy not only secures all Russian sea lines, but Russian nuclear-powered submarines are capable of popping up all over the planet unannounced.
Russia is far, far ahead already implementing the concept of “continental naval power”. December 2015, in the Syrian theater, was the strategic game-changer. The Black Sea-based submarine 4th division is the star of the show.
Russian naval fleets may now employ Kalibr missiles across a space comprehending Eastern Europe, West Asia and Central Asia. The Caspian Sea and the Black Sea, linked by the Don-Volga canal, offer a space of maneuver comparable to the Eastern Mediterranean and the Persian Gulf combined. 6,000 km-long. And you don’t even need to access warm waters.
That covers around 30 nations: the traditional Russian sphere of influence; historical borders of the Russian empire; and current political/energy rivalry spheres.
No wonder the Beltway is berserk.
Russia guarantees shipping across Asia, the Arctic and Europe, in tandem with the Eurasia-wide BRI railway network.
And last but not least, don’t mess with a Nuclear Bear.
Essentially, this is what hardcore power politics is all about. Medvedev was not bragging when he said the era of a single reserve currency is over. The advent of a resource-based global reserve currency means, in a nutshell, that 13% of the planet will not dominate the other 87% anymore.
It is a truism that during the last five hundred years reserve currency status usually accrues to the power with the largest and most powerful navy: Venice, then Portugal, Spain, France, the Netherlands, Great Britain, and the USA. There are periods of "overlap" when there is more than one reserve currency. Consider only that period in the late 18th century of the massive global on-and-off-and-on-again warfare between France and Britain, or the post-World War One period when the British Empire and the USA vied for the dominant position.
But now there's a problem, or rather two problems, and it's called the Kaliber missile, a deadly potential to missile-magnets (aircraft carriers); the missile is a potential game-changer for US naval supremacy (carrier based as it is), and in the final analysis, there's another, even more significant factor, one foreseen over a century ago by the great British geopolitician, Sir Halford Mackinder, who viewed the rise of airplanes, and even more, the railroad, with great trepidation, for the latter meant that the potential existed to knit together the vast Eurasian landmass in a huge trading block, one which sea power would be helpless to interdict or interfere with, and one which the dominant landmass within that vast Eurasian landmass - Russia - and the largest populations - China and India - could dominate if they played their cards correctly. The new "navy" in respect to the emergence of these powers as a tenuous but nevertheless very real bloc is space, for those railroads can be interdicted from space. But here too, you'll note, the USA seems to lag behind while Russia, India, China (and Japan) have launched mission after mission, and are planning more...
And if you're a bridge player, it looks as if, thus far, Mr. Putin has won the bid, and that the west is the dummy hand...
... See you on the flip side...
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I know nothing of financial matters, but it seems very evident that we have been living in a False Reality for some centuries now…..can the Big Guys REALLY be taken down???
Dr. Farrel: small correction regarding the obsolescence of the aircraft carriers.
The one that puts to bed the blue navy fleets is Kinjal (Кинжал) or “dagger”; this is the hypersonic one, Kaliber is an “ordinary” cruise missile. Two-three weeks ago the Russians blew up a rocket storage facility in Western Ukraine, in the Carpathian mountains. This is a Kruhchev era nuclear silo, on two levels, 100m (300ft) below ground (rock), with a 30m (100ft) concrete dome. The rocket was fired from a Mig31 and was with a conventional, as opposed to nuclear, charge. This thing cut through the rock and the concrete and blew up the facility. The official Russian reporting was quite nonchalant, but on the internet some smart non-official people got really excited. A) this is a kinetic(ish) weapon, rod or at least stick of God and B) it was done to put the Americans on notice. Apparently it worked, because Mr.Biden felt compelled to comment on one of the 30-40 a day rocket hits. I hear some credible people saying that the carrier fleets now are like the best sailing fleets circa the Crimean War, when the first ugly steam gunboats appeared.
Russia is preventing WW3, by uprooting a New Khazaria in the region. Stupid Western mercenaries, who are duped into fighting for a New Khazaria, by promise of gold, are cursed traitors, fallen in their idolatry, to be spit out.
Quotation from Alexandr Solzhenitsyn’s “Two Hundred Years Together”:
“After he (Vladimir) had listened to the Jews, he asked where their homeland was. ‘In Jerusalem,’ answered the delegates, ‘but God has chased us in his anger and sent us into a foreign land.’ ‘And you, whom God has punished, dare to teach others?’ said Vladimir. ‘We do not want to lose our fatherland like you have.’”
The original tribe of Juda endorsed Christianity, and left for Britain, and assimilated there, amongst kindred descent, from earlier Israelite colonization, during the era of tin trade. That was the New Jerusalem.
The leftover freeloaders in the province of Judea, who subscribed to Herod Antipas, the carpetbagger puppet, were driven out by the Romans. It then became the wandering carpetbagger, that claims to be, what it is not, and never was.
For centuries the same carpetbagger has been infiltrating royalty in Europe, by papal support, and is now pushing for a New Khazaria, to establish a new casino, in the bread basket, when the Middle Eastern narrative comes to a bloody end.
Because Scandinavian monarchies are proven and documented, as Jesuit Court Jew agent pretenders, then what are their duped lackeys, if not traitors to themselves, in denial of their own origin? That is a cursed lot!
There are no grey-zones on the chessboard.
Scandinavian carpetbaggers:
https://dl.dropboxusercontent.com/s/guxh06kpqxxk2o9/looney-tunes3.jpg
Off topic. Having seen Obama visiting the White House, could it be a scenario that Kamila Harris will be set aside before the Mid Term elections and Obama will replace her as Vice President. Then the next step is that Biden is unfit or other reason for being replaced, which then will be Obama. A similar move as with Ford in 1974.
I see this as 2 “unelected” democratic Presidents in a period of 2 years which might be the trigger for a civil war in the US
You may be right and whatever is left of the country “may as well” go against the “only two term” rule if he were to slip into the President role. What do I know…but somehow I think Obama is not looking to do this. He is WAY too arrogant to “go backward” like that. “President” of this pig pin is too much of a hassle…ben there done that, leave that to some hungry puppy dog like Budajudg or whatever his name is, I don’t care enough about him to even learn it. “Can I have it, huh huh, can I, can I, pussy please with a cherry on top?” As for Obama, he may be there sniffing around for some new “slide some millions into my hidden bankaccount” for “The NEW Big Guy” from a “grateful Ukraine” for him shining his pearly whites all over Europe spreading a “new hope” to make up for the disastersous Biden/Harris visits. Obama woldn’t have to actually DO anything, just look “statesman like” and otherwise sip champagne and watch the world burn like an ancient cathetral seen thought the chamagne glass.
Coming to your neck of the woods?
https://rt.com/news/553445-puerto-rico-power-outage/
COSSACK CRUSADE
Putin the Great, crowned as Kremlin Tzar,
stands, as mighty ruler of Russia,
and Scythian horse kick
in Ukraine picnic,
flows sparkling wine and caviar.
MAR-A-LAGO
Trump, the golf master of setting sun,
walks slowly into his final run,
with dimensional chess
in domestic mess,
pulling rabbits, as hole in one.
WELCOME TO ALASKA
There is magic in steam locomotion,
roller-coasting beyond horizon,
with greetings at gate
in Bering Strait,
traveling New York to London.
https://youtu.be/RO6IU9RpjS8
https://rumble.com/vzqdeh-mind-bending-the-growth-of-graphene-hydroxide-from-within-the-body.html
Insightful perspectives – from article and comments.
Curious about Russia’s Ag. They’re became largest organic producer years ago. Their profits on organic food exports surpassed their weapons sales profit, I think 5 years ago. Odd that a Putin forward thinking enough to crush out Monsanto, Gates and Soros in all the ways that count, would not have rebuilt the seed saving industry needed for good organic Ag.
More questions arise:
How does a cheaper dollar change the US’ ability to grow, manufacture and export? Is this what turns the tide on jobs in the US?
How does the vax and plague laws change the labor and all other markets?
https://markcrispinmiller.substack.com/p/havent-people-always-just-died-suddenly/comments?s=r
We have personally been lucky so far respecting death and impairment within 2 degrees of separation to us. We are fairly loud in our stance on pharma crimes and have been for decades though, so most everyone we know is sure to hide vax damage from us as long as they can.
How can any of us best survive let alone profit from this knowledge? Oh to have been able to buy rubles a couple weeks ago when I wanted to.
How likely are each of these regimes to continue the plague law democides that are growing more obvious daily in blue states and China? Will this be where WW3 comes in to cover the historical trail of all the democides with open military genocides? Does it just look like or is Russia infinitely better prepared for world war than Germany was in the last 2 world wars? Or America was for that matter?
I live in FL, a red state and in a red county. Half the people in my mom’s church were elderly and took the vaccine and many are no longer with them anymore. The once packed church is like a ghost town. Mom asked if they passed away or were just hesitant to come for safety reasons. She was told most passed. So be skeptical of your red states as well. Now that we got a lot of anti-lockdowners moving here, here comes GMO mosquito releases even though this failed in all the other countries that tried this to reduce mosquitos. Watching the mosquito thing closely but will we hear anything about it if anything odd does happen?
Thank you for your comment and I agree completely. Florida as well as Texas are Khazarian Mafia infested. They control the political machine, and the older folks are still thinking in 20 years ago timeframes. Nothing is as it seems and that is what is slowly changing. We are all being shown what is really happening if we pay attention and are willing to see it. The vast majority of people refuse to see what’s going on and still going along to get along…to their doom. My wife’s very close friend came over last night and said she’s now having serious blood pressure issues and chest pains after receiving two (2) covid vaxes about 2 months ago due to her job requiring the vax or get fired. Her health is degenerating, and she knows it looks very bad for her life longevity at 45 years old. She had no one else to confide in about this situation because the other people she works with as well as the majority of her family have all done the same thing too. She has two sons that are 20 & 18 years old. We don’t know if they received the vax as well…. https://tapnewswire.com/2022/04/terrifying-morbidity-increases-since-covid-vax-introduced-all-vaxd-to-be-dead-by-2025/
https://markcrispinmiller.substack.com/p/havent-people-always-just-died-suddenly?s=r
I live in CT and my churches (4 of them I go on a regular basis) are full more than ever with elderly mainly. Although a month ago pastor in in one of the biggest parishes in a state, incorporated during his sermon that parish suddenly lost within one week 4 young men to sudden illness. Ponder that.
If Medvedev is right that “the decisive voice will then be with those countries that have a strong and advanced economy, healthy public finances and a reliable monetary system,” where does that leave the U.S.? Among those criteria, the U.S. has an advanced economy, but that’s where it ends… We no longer have a strong economy, healthy public finances, or a reliable monetary system. The only thing still propping up the dollar (unless there’s some other, hidden factor) has been American military strength, but (again, as far as what’s visible to the public) that’s not looking too glorious these days.
> The new “navy” in respect to the emergence of these powers as a tenuous but neverthless very real bloc is space, for those railroads can be interdicted from space.<
Railroads and pipelines are easy targets for CIA bred insurgents.
The strength of a nation is based on its industry and the surrounding science, engineering, and technical establishments.
Money is a way of facilitating trade, and an over-valued USD may be good for international banks and those with huge inherited wealth, but it’s bad for a nation’s industry, science, engineering, technical abilities, its economy, its place in the world and its future.
The sooner the USD fx rate drops 30 pct(?) while losing its “reserve” status, the better.
Empires have a ways of meeting their Waterloo w/Russia,
Ironically; When Napoleon met his Waterloo, the Rothschild’s were born.
For financial empires; warfare becomes a saving grace.
Although, as in today’s post; there is more to it than meets the eye.
In the 1980’s I read a book about the future where economic blocks were the globalized geopolitical reality. If I remember correctly, there were about 3 to 5 of them. Despite all that, the important matter will be the method being used for governance.
For example, will the push forward be for “sustainable” development; as a control system, rather than a solution? Will this transformation take place on multiple front? For example, on transformation of the geopolitical systems; as well as biological, w/a focus of transforming toward Human 2.0? Not the mention; the integration of a worldwide internet of things, as well as the internet of bodies?
When ever I can, I playout the Russian meme in public.
For example; if there is an accident and people are asking for happened?
I reply, “The Russians did it!”.
It doesn’t matter what, “The Russians did it!”.
Ridicule drives the point home; again and again.
Make it a meme, in reverse.
There is a navy of the seas; in which Russia’s submarines play a trump card.
But there is also the navy of the deep black seas: space.
And who, or what – controls that?
But is/are there a player[s] holding an ace up there sleeve.
A technocratic totalitarian ace that plays globally,
when it comes to systems being played out locally?
In other words, do the nation states exist in name only?
White Rabbit
I like the analysis, lets also figure in the 2+ billion dead from the vax and thats going to be a very telling tale for sure. I know 12 people within one point of separation that have died within the last 10 months from the vax and my cousin that was murdered inside one of the death centers they call hospitals (forced onto Ventilator against her will). So, I think what you outlined is excellent for normal times…although unfortunately nothing is normal so there will be a skew to the hard landing on all sides.
http://www.informationliberation.com/?id=63003
https://edwardslavsquat.substack.com/p/yes-russia-is-complicit-in-the-great?s=r
One thing that remains normal is the eugenic leadership’s desire to cull the population; plus to increase control of the governance systems.
Personally, I can’t shake a feeling that Mr. Putin met his Waterloo in Kiev.
So, we at the dawn of rise of the regional currency, curtesy Mr. Putin.
I am all for it but, it is a pity, that it had to be done at the expense of the life of thousands of civilians of Ukraine.
By the way I wonder if they will be able to buy their seeds on the international market with the ruble or also international community will demand gold for it? Russia imports on average at least 50% of their seed from other countries.
https://seedworld.com/russia-to-up-seed-game/
I am sure they will buy their seeds with Rubles or gold. There will be plenty of countries lined up to sell to Russia especially when they can now get gold for Rubles on demand from all Russian banks. The real question is what Ukraine is going to sell now for their Khazarian Mafia leadership has been exposed for what they truly are, and fiat dollars are becoming more worthless by the day.
It will all depend on where are a source of these imported seeds. If it is Canada or USA purchase gold will be allowed (perfect racket). If it is Germany, France or Holland on the other hand then we going to see USA using its muscle to prevent it.
Good overview of how banksters have pushed Russia and much of the world to do what it should have done already. It is too early to tell if this result was actually intended…
https://www.unz.com/article/the-coming-global-financial-revolution-russia-is-following-the-american-playbook/
They will offer peace and safety through their new world money system. Be assured, most of the morons will follow His narrative to HELL.
To all the righteous, YOU MUST ENDURE. You will know by their fruits. DO NOT ALLOW THEM TO TELL YOU WHAT NETWORK IS VALUABLE. NEVER TRUST THIS DEVIL.
1 Thessalonians 5:3
“For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.”
Looks like they are both playing on the same team to me. Putin is part of the WEF school and imposed major Covid restrictions just like all the other developed countries. Zelinsky is just an actor.
http://www.informationliberation.com/?id=63003
https://edwardslavsquat.substack.com/p/yes-russia-is-complicit-in-the-great?s=r
It’s hilarious. According to Zelensky, Tzar Putin would face five years in Ukrainian prison, just for stating the fact:
https://www.timesofisrael.com/putin-first-soviet-government-was-mostly-jewish/
And Aleksandr Solzhenitsyn would be sent back to the Gulag, for stating the truth:
https://twitter.com/nieczuja_clan/status/987424158219825152
Maybe we will see an international system of sovereign currencies that compete for use.
Each country has a currency and then supports it or devalues it according to their situation.
Then between each currency sits a transfer currency that is neutral to the individual currencies.
When a country exchanges value with another country, it exchanges its currency into the neutral currency and the other country exchanges it back into its regional currency.
Their won’t be any need for Nostro and Vostro accounts and the ability of countries to capture assets. No one currency will dominate. Countries have to get their finances in order or see capital outflows.
This was proposed as a supernational currency by Keynes called “Bancor”. But it got hijacked by the dollar.
The only ones which were a leftover from disastrous Yeltsin times were russian oligarchs and West with their sanctions removed their source of power- money.West with their sanctions literally committed political and financial suicide. It won’t happen overtime but it will noneless.Therefore the only one who are interested in any kind false flag event ( biological/chemical/nuclear or all of them at once) are western elites because creating mayhem is the only way for them to cover their attrocities and crimes and preserving thier seats of power.An alternative is either loosing all of it or part.We are living in both interesting and dangerous times indeed.
It’s about time this happened to bring some balance back into the world. My guess is this year will be a massive reduction in dollar power across the world. Also, another guess is that the USA will adopt the same type of two (2) currency system that China uses, meaning one for international trade and one for internal to China purchases. Possibly a development and deployment of multiple localized state backed currencies that only trade or are used inside the USA, that are all based upon metals (gold & silver) and could lead into state backed commodities (oil & gas, wheat, corn, cotton, metals…etc) as well to support the regional currencies.
Dating the fall of Troy is a matter with political implications. Because using Greek mercenaries, to cause regime change, by sting operation, would have caused an uproar in the region, in the 7th century BC.
Thus, it would have been convenient, to false flag the transgression, to avoid discord in Greek matters of state, by predating the war, back to the unruly end of the Bronze Age, when the “Pirates of the Caribbean” raided the Mediterranean.
It is my assessment, that brave Herodotus started his history writing, with the incentive to tell a more truthful tale, as far as he dared, between the lines. His life could well have been at stake.
Herodotus begins, by stating, that there are difference in opinion, as to the cause of the Persian Wars, and the fall of Troy is mentioned as CASUS BELLI, according to some.