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.
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