The (Real) New World Order

Some time ago, I wrote about the intention of the Chinese and Russian governments to implement a global Financial system of payments for International trade as an alternative to the US Dollar, currently the preferred currency of trade and the reserve currency held by all Reserve Banks globally. In addition, the (Petro)Dollar is the primary unit of trade for all oil and gas producing nations (OPEC).

Suffice it to say, this whole system of the US Dollar having supremacy over any other currency for international trade was a wholesome illegal gambit enforced upon nations in the late 1970s and early 1980s. The US secretly entrapped the Saudi Arabian government (being the leading oil producing nation of OPEC at the time) into a deal that would see their government agree to trade oil and gas only in US dollars in exchange for protection by the US military against regional forces assumed to be bent on invading their Kingdom and stealing their natural resources. As a result of this cosy arrangement, ALL countries trading with Saudi Arabia (and subsequently OPEC) for hydrocarbons had to use the US dollar.  This system became extremely beneficial for the US economy, due to the fact that the Federal Reserve could print US Dollars ad infinitum regardless of what shape their economy was in. Ever heard of the term Quantitative Easing, Fiat currency?  As a result, the EU followed suite, and created the Euro currency as the preferred financial instrument of trade for all European nations in the EU. Thus, should the EU run out of Euros……just print more. 

Although the Dollar was backed by gold up until 1971 through the Bretton-Woods system of monetary management, a huge exodus from this system by various European states caused President Nixon to dump the system as well, in light of the express devaluation of the US Dollar, triggered by the Europeans' exit of this system. Thus, all currencies not backed by an alternative commodity became Fiat money. This system of free-floating currencies led to the illegal gambit plan with the Saudi’s. Consequently, international trade of commerce between all nations uncompromisingly morphed into the exclusive domain of the US Dollar, and only the US dollar. As mentioned, this was all totally illegal, yet ALL nations were forced to toe the line, why? Because Uncle Sam had everyone staring down the barrel of a gun (US military bases globally).  When Saddam Hussein and Muhammar Gaddafi tried to break free from the economic slavery of the US Dollar by selling their hydrocarbons in an alternative currency, they were taken out and their people were “liberated” by the US and NATO militaries to the extent of total catastrophic destruction of their countries; conveniently staged under the pretext of WMD and regime change. The US government also tried the regime change model with Syria for the same reasons, but the Russians would have none of it, and put a stop to their bullying.

The primacy of the US Dollar took a huge wallop recently with the announcement of the Chinese Government trading hydrocarbons only in Yuan backed by Gold. This comes off the back of the Russian Government similarly  enacting legislation, that trade in US dollars will cease at all Russian Seaports  unconditionally. Similar economic activity was brewing in Venezuela, after the US government arrogantly enforced crippling economic sanctions on the South American oil rich country. With new vast oil fields discovered in this country, its oil reserves have exceeded that of Saudi Arabia and are currently the leading producer in the OPEC group of oil producing nations.  The Maduro Government has declared that all trading partners with Venezuela would use the Bolivar with Gold as an alternative. This obviously pissed off the US big time, resulting in the Venezuelan government being branded a rogue nation who is starving and killing their people; another regime change model in the making, and a famous neocon wet dream. Countries like Iran, Iraq, Syria, Turkey, and most Eastern European nations are negotiating trade deals in alternative currencies other than the US dollar. All new Projects and Commercial trade deals between the BRICS countries (mainly Russia and China) and nations they trade with are negotiated in their own currencies backed up by a Gold standard. The US dollar as the preferred currency of trade is slowly bypassed as more countries are beginning to adopt the new system of trade.

At the UNGA-2017 (United Nations General Assembly), the Donald (Trump)

lambasted countries seen by the US as “rogue” nations or “An Axis of Evil”, referring to the nations of Syria, Iran, Venezuela and North Korea. There are no prizes for guessing why these countries are demonised and threatened with military intervention.{In the case of North Korea, it is the conduit passageway to containing and surrounding the Chinese.} The US government is well aware of the gradual collapse of their casino-style Dollar-based monetary system, therefore the pressure on them trying to contain the disaster results in the usual military style bullying by the smaller nations unable to defend themselves. This was the exact reason why the Russians intervened in the Syrian crisis in late 2015. The country has now been fully liberated and because the US lost that fight, they’ve now turned their sights on North Korea, Venezuela and Iran.  But, given that all three countries are recognized allies and strategic trading partners of China and Russia, the chances of the US stooges making any headway in destroying any of them is nothing but another stupefying neocon wet dream. The fact that China imports most of their oil from Iran and Venezuela, their safety from US military intervention is all but guaranteed.

Gradually, as the Western Dollar-backed financial system becomes less prominent, the Eastern model led by Russia and China gains traction with European and Asian nations slowly considering the alternative, and re-evaluating their options. All new trade deals forged with these two countries are finalized in currencies other than the US Dollar. That said, the amount of trade deals signed off at the European Economic Union Conference earlier this month, between attending nations, was equivalent to a staggering 400 billion US dollars. At the recent BRICS Summit in China, projects to the equivalent of $4,5 Billion were approved between these countries, and will be denominated in an alternative basket of BRICS currencies backed by, you guessed it, Gold.

I said this before, but will reiterate; as the US meanders along threatening nations, and spewing all kinds of hateful rhetoric at everyone that opposes their moronic agendas, Messrs Putin and Jinping are forging commercial trade deals with anyone interested in their vision of a Multipolar world, where no nation holds sway over another economically, politically, socially or militarily. This is the Real New World Order envisioned by the rising Superpowers of 2030.

Is Cryptocurrency the currency of the 21st century?

The first time I heard of Bitcoin was around 2009 through a documentary on an International TV News Channel. At the time the concept of cryptocurrency was barely discovered, and while watching the show, I brushed off the idea of buying into something that may not last beyond the year 2009.  At the time the currency was trading around one US dollar per Bitcoin. Since then, I didn’t bother pursuing or following the trend until recently when I heard Bitcoin was trading around US$4500 per bitcoin, and approaching US$5000 at lightning speed. That’s when I realized my utter stupidity for not buying and investing at least 100 US dollars in Bitcoin!

Cryptocurrencies are a relatively new digital financial instrument that has its trading platform entirely independent from traditional financial trading markets. The first cryptocurrency, Bitcoin, was developed in 2009, by Satoshi Nakamoto. Although the founder has never revealed himself to the public, the general consensus is that this name is just a pseudonym to hide the founder’s real identity. Why? Your guess is as good as mine. Digital cryptocurrency trading has grown with new currencies like Etherium, Zcash, Litecoin, Ripple, etc entering the market. The phenomenal growth in terms of trading price has grown with these currencies and out-performed the growth of traditional commodities, like gold or natural gas. So what are Cryptocurrencies, and why all the hype around it?

A Cryptocurrency is a digital currency that uses cryptography as a means of security in the exchange of this digital currency during trade. This cryptography in turn is also a means of creating new digital currencies based on complex algorithms processed by the Bitcoin application software.  Bitcoin was the first cryptocurrency that was created and traded through a digital trading market. The trading of Bitcoin is referred to as a Peer-to-Peer trading system for online payments that does not require a central authority or third party to vet or manage the transaction, as in the traditional trading market where brokerage firms manage your share trading. Bitcoins are generated or “mined” by miners with specialised computer hardware that processes transactions and packages them into a blockchain. A blockchain is a collection of linear, timestamped series of transactions formulated in a block. The blockchain is essentially a digital transactional ledger which is freely shared and is under no control of any regulatory body.

The Real value of Bitcoin & Crypto Currency [Source: Youtube -Beschrijving]

Bitcoins can be used to trade any goods and services. It is also a convenient investment vehicle through manipulation of its market price. Bitcoins can be used to trade in Forex and can be exchanged for any currency. It is a purely digital entity and has no physical appearance. It is usually stored in digital Wallets that are protected by Cryptographic signatures. All transactions, cryptographic signatures and Private keys are protected by sophisticated encryption algorithms generated by the Bitcoin application software. It therefore protects a transaction and currency from being traded to two different recipients.  

What is Bitcoin [Source:Youtube; WeUseCoins]

Due to the huge success of the Bitcoin, several other crypto coins have emerged on the market that offers additional trading services which are not offered with Bitcoin. Etherium cryptocurrency  has additional service offerings through their smart contract applications. Where Bitcoin’s primary function is Peer-to-Peer transacting, thus eliminating the middleman in the form of a Broker or trading entity, Etherium takes this one step further where application code can be developed to form contracts that, in essence eliminates any third party or middleman between two transacting entities. Thus, a smart contract can be developed to sell your house directly to a buyer without an intermediary of an estate agent or any lawyers. This naturally reduces additional expenses and time incurred through these middlemen.

Source: Blockgeeks.com

There are several other Cryptocurrencies in circulation. As of July 2017, more than 900 cryptocurrencies were available for trading over the Internet. Bitcoin is currently the largest blockchain network with a market capitalization of 75 Billion US Dollars. The total market capitalisation of all cryptocurrencies is around 175 Billion US Dollars. The purposes for development of these cryptocurrencies varies from servicing the legalized Cannabis community in the US (Potcoin) to the trusted storage of any kind of small data, like DNS entries, KPIs, or SSL protocol data (Emercoin). There is even a cryptocurrency that services the adult entertainment industry, called Titcoin!

Trading in cryptocurrencies is available for trade in most countries globally, with a few exceptions like Saudi Arabia, Bolivia, Ecuador, etc. Due to the lack of a regulatory framework to govern the crypto markets, although it can be legally traded in most countries, there are specific restrictions of its trade for businesses and financial Institutions. Countries and regional Trade bodies do not have explicit systems that restrict, regulate, or ban cryptocurrency. The decentralized and anonymous nature of cryptocurrency has challenged many governments on how to allow legal use while preventing criminal activity. Most countries are still analysing ways to properly regulate cryptocurrency. Overall, it remains in a grey area as the technological breakthrough has left lawmakers at a loss for a feasible regulatory framework. Recently countries like Russia and China have moved to restrict its trade further so that a more rigid and manageable control can be formulated to prevent criminals from seeking a safe haven to launder and move illegal money around.

The key differences between Cryptocurrencies and your credit/debit cards when trading on the Internet are:

1. There is no central bank that determines its value or controls the flow of new money being created.  Hence, there is no manipulation of the amount of money in existence by an institution, like the US Dollar  The US Dollar is controlled by the Federal Reserve, but cryptocurrencies like Bitcoin, are controlled to produce an amount of coins limited by an algorithm that no single person, company or country or other type of interest can change.
2. The value of a cryptocurrency is determined by the market .  Countries are not involved, so the welfare of your nation’s economy will not affect the value of your cryptocurrency.  The value of a true cryptocurrency is based solely on supply and demand and functions much like a commodity on the stock market.
3. Cryptocurrencies command the lowest fees to transfer money anywhere in the world.  The fee is not affected by distance, or country borders.  

At the rate that this Industry is growing and the popularity it’s attracting, the Bitcoin may well be the currency of the future. Although there are some countries that refuse to recognize or allow the trading of cryptocurrencies, it is quite evident that this Industry is here to stay and will grow exponentially based on its current status and trajectory.