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Serpo
6th March 2014, 01:31 PM
Ukraine as the USDollar Waterloo


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By: Jim Willie CB, GoldenJackass.com (http://www.goldenjackass.com/)

-- Posted Thursday, 6 March 2014 | Share this article | Comment - New! (http://news.goldseek.com/GoldenJackass/1394139780.php#disqus_thread)


The desperation of the Anglo-American leadership, guided by the steady corrupt banker hands, has never been more acutely high, nor obvious in full view. The entire Ukraine situation is a travesty. It includes Langley agents killing police and street demonstrators from rooftops, the confirmation coming from the Estonian Embassy (translation of scripts). It includes thefts of official Ukrainian Govt funds, again sent to the Swiss hill sanctuary. It includes sanctions delivered by a US Paper Tiger, sure to cause horrific backlash. It involves the last gasp attempt to obstruct the Gazprom energy pipelines, which will inevitably corner the European market in monopoly. It involves subterfuge with the NATO card (aka Narcotics And Treachery Outlaws) with missiles placed on the Russian borders. Look for NATO members to find a back door to exit the spurious treaty. It involves playing with nitro-glycerine in the Petro-Dollar room. It involves putting tremendous risk for much more clear isolation of the United States. The more the USGovt pushes, the more the US will be isolated. Remember that Nazis steal from their enemy states, de-fraud from their allied states, and force themselves into an isolated state. In Ukraine, the United States has over-played its weak hand. Already, a secret document was leaked in London that the UKGovt would not support the US-led sanctions against Russia.

History repeats itself from the Kremlin phone calls made during the Syrian conflict just a few months ago, when the UKGovt withdrew its support and left the US isolated, looking very weak. Already, Putin has threatened to dump USTreasury Bonds. Putin aptly calls the Anglo-Americans as Mutants. Imagine the lunacy of trying to cut off the only Russian warm water military naval port in the Crimea. Just as stupid as the Trans Pacific Partnership faux pas, trying to cut off China from its Asian neighbors and partners in trade. The intelligence level of the USGovt has never been more stupid, destructive, and in full view. The lost ground for the United States is obvious and glaring in the Persian Gulf, the Mediterranean Sea, and the Caucasus region.

IMMEDIATE PETRO-DOLLAR RISK
If the Kremlin demands Gold bullion (or even Russian Rubles) for oil payments, then the interventions to subvert the Ruble currency by the London and Wall Street houses will backfire and blow up in the bankster faces. Expect any surplus Rubles would be converted quickly to Gold bullion. If the Chinese demand that they are permitted to pay for oil shipments in Yuan currency, then the entire Petro-Dollar platform will be subjected to sledge hammers and wrecking balls. The new Petro-Yuan defacto standard will have been launched from the Shanghai outpost. If the Saudis curry favor to the Russians and Chinese by accepting non-USDollar payments for oil shipments, then the Petro-Dollar is dead and buried. The rise of the Nat Gas Coop run by Gazprom is in progress, its gas pipelines to strangle the OPEC and its bastard Petro-Dollar child. The entire USDollar foundation with the USTreasury Bond bank reserve structure is at risk is collapsing, as consequence to the desperate adventure and criminal activity conducted in Ukraine. Just like with Syria, a hidden giant energy deposit is concealed under the table. Off the Lebanese and Syrian coast, a massive off-shore energy deposit was recently discovered. The US & UK & Israeli oligarchs wish to take it all. Confusion is their game. In the western plains of Ukraine, a massive gas deposit was recently discovered. The US & European oligarchs wish to take it all. Confusion is their game.

The danger level has never been higher. No resolution to the Global Monetary War can come, which we have been seeking, without a climax. It is hardly just a financial crisis amidst a stubborn economic recovery. The nature of the currencies and their underlying sovereign bond foundation is highly toxic, which requires a strong replacement as solution, using an alternative to the USDollar alongside its reserve ledger item the USTreasury Bond. A return to the Gold Standard is coming, but the birth will have loud pangs and possibly broad damage suffered. The Global Currency Reset is better named the Return to the Gold Standard. The United States and London will not give up their control of the Weimar Printing Press easily, used for elite self-dole of extreme wealth. It has served well as the Elite credit card. They will not go quietly, and assume their place in the backwater without taking the world to the brink. No climax can occur without enormous risk and loss. The Global Paradigm Shift is in full gear, with attendant risk huge here and now. My Jackass firm belief is that the US/UK fascist team face a Waterloo event in Ukraine, the victim to be the Imperial Dollar. This bulletin will not be a comprehensive note, as the situation is too vast. The information in the Hat Trick Letter is used to interweave a story of the impending removal of the USDollar from its corrupt throne.

UNITED STATES TRAPPED AND CORNERED
The Anglo Americans have fallen into a carefully designed trap by the Russians and Chinese in a clever designed sequence. More Sun Tzu tactics have been put into practice, which utilize the momentum from the enemy to be thrust back on them. Planning for final steps must have taken place during high level Putin meetings with Xi from the elite Sochi viewing box. The unfolding of events has been more carefully engineered and orchestrated than what appears. The US/UK team has been caught in a vise for months, as the rejection of the USDollar as global reserve currency is in high gear, the refusal of the USTBond a recognized trend in diversifications. The death process is slow and grueling. Much of the American Hemisphere is surrounded and controlled by Russia & China, whether the canal, the port facilities, the oil supply, the mineral deposits, even Yuan Swap facilities. Africa has largely gone under Chinese control, with Russia playing a hidden role as well.

The Persian Gulf is in transition, with the critical protectorate role shifting to China. The Qatar royals have just ordered a dismissal of USGovt ambassadors from their nation. Note that Qatar is the site of a giant USNaval base. To be sure, the Sochi Olympic Games are over, a successful event. The gloves have thus come off. The risks have reached acute levels. The US leadership seems cavalier to the risks that over half the USGovt debt is in foreign hands, over 30% of it in Russian & Chinese hands. A severe backlash cometh. The most vulnerable player in the room is the most aggressive, arrogant, vile, and obnoxious. The instability of the situation is far beyond acute. The victim will be the USDollar and its sidekick the USTreasury Bond. The USTBonds will be kicked out of the global banking system. The Third World awaits the United States, for its domestic betrayals, its financial failures, its criminal deeds, and its war aggression.

THE RUSSIAN BACKLASH TO BE SUDDEN
Russian President Vladimir Putin will slam the West, and very soon. The initial salvo might be a natural gas cutoff by Gazprom, the Russian giant which has fast moved into the global monopoly position. Eventually, Putin might demand gold payment for the natgas in the captured pipelines, that being the plan according to The Voice. Russia supplies one quarter of Western European gas needs. It will be the opening salvo for Gold Trade Settlement, for which the Iran workarounds to the sanctions provided the critical prototype. Combined with a formal announcement of USTreasury Bond sales in volume by Russia & China, the impact would be tremendous, even devastating. The reverberation will be soon seen as the pending demise of the defacto Petro-Dollar Standard, dictated by crude oil sales in USD terms. It will also be soon seen as the end of the USTBond as the global reserve standard in banking systems. Notice for over two years, the primary buyer of USGovt debt (and its refunded rollover) has been the US Federal Reserve via bond monetization, an absolute heresy to central banking. Hyper monetary inflation cannot stand as fixed policy. The world has responded by constructing an alternative to trade settlement. The forum has been the BRICS conferences and the G-20 Meetings of finance ministers. The US & UK will gradually be excluded from both forums, a process well along. Even traditional allies like Japan are buying gold in high volume, with suppressed lowball data so far. This is game over for the USDollar, the direct victim of Ukraine backlash. The war against Russia has been veiled, but the Jackass has exposed it.

VEILED ATTACKS AGAINST RUSSIAN GAZPROM
First was the attack against Russian Gazprom in Cyprus. It was a hidden attack made to look like a bank confiscation event. Notice no bank account confiscations outside the small but important island nation. The entire Russian banking clearance system had been done through Cyprus. Also, Russia was making significant transactions to purchase Gold bullion using Cyprus as clearing house for the purchases. Second was the attack against Russian Gazprom in Syria, another complicated event. The US had used the Libyan Embassy as a weapons running facility (major diplomatic violation), after which the US lost Egypt as a transfer station on the weapons running. The false flag attack in Syria was made to look like a chemical weapons event. However, the Saudis were the guilty party. The motive by the US was to block the advance of Russian Gazprom pipelines, which are to connect to the vast Iran supply centers. Iran has far more oil & gas than Iraq. In fact, Iran is the linchpin nation, which will throw its support toward Russia. Iran will push the Nat Gas Coop certain to eclipse Saudi Arabia and the loud gaggle of OPEC members. With the Russian Gazprom, together Iran and the Nat Gas Coop will usher in the Petro-Yuan Standard and bury the Petro-Dollar, the price set by Russia, the contracts set in Shanghai. Thus the Saudis will be expendable, and their Gold in London to be totally stolen.

Move to the present. Third was the attack against Russia Gazprom in Ukraine, done by the CIA and its partner security agents from the small ally nation on the SouthEast Med corner. The old game of destabilization, popular uprising, bank thefts, and now data files stolen has been put into action. The theft of significant funds in Ukraine has only started, funds gone to Swiss banks. The full betrayal will be seen soon. The US & UK have a lunatic plan to corral the Ukraine pipelines and possibly the vast farmlands of Ukraine. The wrong-footed plan will backfire, when Putin cuts off the natgas supply to Europe, when Putin demands a new type of energy supply payment structure, and when Putin engineers certain other steps. They might execute a Nat Gas Coop double in price, much like the OPEC event in 1973. Witness the upcoming Birth of the Eurasian Trade Zone, the birth pangs heard in Ukraine. The United States and Great Britain will not be included. The Eurasian Trade Zone will span 14 time zones and will settle in gold.

IRAN WORKAROUND AS KEY PROTOTYPE SOLUTION
The Anglo Americans have disrupted a key nation with longstanding historical and religious ties to Russia. The land of Ukraine also contains Russia's only warm water naval port in the Crimea, the site of a recent suspicious earthquake. The response will be swift and firm. The Eastern nations (led by China & Russia) have been making detailed preparations in the last couple years to launch the alternative trade system founded in Gold Settlement. Its launch lacks a potential open door trigger, possibly offered by the Ukraine situation. The Gold Standard could return in a baptism by fire. The open door trigger appears to be the Western interventions into Ukraine, since the Western banking structures will not be permitted to collapse, the ugly reality. The abuse of the central bank monetary expansion and fraudulent bond redemption has gone totally out of control, forcing an endless cycle of alternative preparations and motivated reactions, including the Iran workaround with Turkey as intermediary in gold provision. Other attacks have taken place in the last few months against the Russian Ruble by Wall Street firms. The reaction will possibly be the launch of what could eventually be understood to be a gold-backed Ruble currency, combined with natgas cutoffs to Europe and USTBond dumps. At first it could be perceived as the oil-backed Ruble, but its quick hidden conversion to Gold bullion could be revealed later on. The USDollar will be discarded as obsolete, even toxic. The USDollar debt basis might be widely accepted to be the cause of the global financial crisis, and the USFed Quantitative Easing be widely understood to be the cause of the global financial collapse.

EUROPE AS KEY REGION TO TIP EASTWARD
Events inside Western Europe could unfold rapidly. Behind the scenes, much is happening. The important German-French Axis is breaking down, weakened by each passing month and bailout exercise. The motive for much of the German support of bailouts and rescue plans, as faulty as they have been, is the oversized German ownership of both French Govt debt and big French banks. They will fail, both the French sovereign debt and the big French banks. Germany must undergo a split, with a restructure from the devastating damage due to Southern European sovereign debt and related big bank losses. At the same time, Germany is on the verge of turning East to Russia. Already Russia is a large energy and mineral supplier to Germany, the heavy railway facilities in place. The core of Nordic Europe is firm. Austria and Finland are aligned with the pragmatic forces in Germany and the Netherlands. Italy is being transformed, but Spain might be lost to chaos. Turkey is also undergoing change during chaotic reform. The entire NATO Alliance has never been weaker. The military action in Ukraine is framed as a supposed NATO exercise to honor a treaty. Watch the loose end like Turkey fall off the NATO wagon, while Finland falls off the Euro currency wagon. The Jackass is eager to see the Snowden NSA files reveal key data on the illicit usage of NATO bases for narcotics distribution, the origin being Afghanistan. What a bombshell it would be if Turkey announced that their government would no longer permit heroin shipments from USMilitary aircraft on their Incirlik Airbase.

A key player in the mix is Israel. They have a Tamar floating platform, whose natgas has been pledged under contract to Russian Gazprom. The tiny nation is possibly changing its alliances out of pragmatism, seeing its drained weakened host that has duly served its purpose. The next big step is for Western Ukraine to suffer the drain of remaining resources (financial and agricultural) to the West, using all the diplomatic tools the Euro Elite can muster. The people in the East will realize that they have been betrayed once more by the Western powers. This is the critical final step. Several swing nations will consequently align with Germany, if only to make being integrated by Russia less painful. During all the transitions, China will take care of Asia in this game. The remaining overriding question is whether the US & Britain will go quietly in the night of faded empires, or else to wreck the world with nukes and viruses. The main exports out of the United States and its royal handlers have been fraudulent bonds, military hardware, genetically modified food, fast food with diabetes, pharmaceuticals, surveillance software, computer viruses, and jamming software technology. Such is the nature of the fascist transformation.

RUSSIA CANNOT BE ISOLATED
The West is in for a gigantic surprise in the sequence of events to unfold. They have placed criminal oligarchs into top government positions in Ukraine. Doing so might suit the West but not the Ukrainian people. The political brain trust in Berlin shows extremely errant strategy, still kowtowing to the USGovt and London Elite in an incomprehensible manner. The West cannot isolate Russia, which is the latest absurd bone-headed strategy. They need Russia in vital ways that will become apparent when the West faces energy supply cutoff or forced Gold payments during an open global USDollar rejection. The US will quickly feel the lost Petro-Dollar gear mechanisms. China has already aligned itself beside Russia, which makes isolation impossible. Consider the Russian commodity supply and Chinese industrial power, the new axis to the Eurasian Trade Zone.

The West cannot continue to bully Russia & China. Poking a stick in the bear's face will not work for long. Disrespecting the Chinese creditor is deep folly. The risk that coincides is for the two Asian superpowers to threaten or actually execute a dumping initiative of USTreasury Bonds, and force the United States to use its last card in a grotesque display of hugely amplified monetary expansion. The US would collapse by falling on its own sword, the event occurring in the Weimar chamber. A super high volume bond monetization machine to cover globally dumped USTBonds is a strong likelihood as climax event, with a broken derivative mechanism that is revealed during its fracture. The London banker murders (another Jackass correct forecast, made in mid-2011) indicate a motive to keep covered up the extreme $100 billion JPMorgan derivative losses at the hands of the London Whale Bruno Iksil, first sighted in May 2012. The accelerated hyper monetary inflation in response to Russian & Chinese joint retaliation would finally kill the USDollar. The echo event, born from failure, would be for the USGovt to launch the new split Scheiss Dollar. Then the USGovt could have its domestic currency finally, and then wreck it with an assured painful sequence of devaluations. The fundamentals for the US domestic only currency are truly horrible, typical of a Third World nation. Ukraine is about the last gasp of the USDollar. It has no viable defense.

UKRAINE AS WATERLOO FOR THE USDOLLAR
Ukraine is the Waterloo event for Team Obama and the Wall Street handlers, the true controllers of the White House puppet. Ukraine will lead to wreckage to the USDollar and its USTBond partner in crime. Witness the death of the USDollar and the Birth of both the Gold Trade Standard, on the new Eurasian Trade Zone landscape. Neither Russia nor China will cooperate on the IMF super sovereign reformed currency basket at this point, not during extreme hostility and conflict. Hope and pray for cooler heads to prevail, since already many serious military attacks have occurred with advanced weapons off the Syrian coast. The Western Press prefers to frame the Ukraine situation as one more curious Orange Revolution event staged in Eastern Europe, akin to the other deceptive Arab Spring events. The old Soviet Union was trapped years ago, forced to use hyper monetary inflation in defense, as the nation imploded financially. The United States is now trapped in an ironic parallel manner, and will be exposed for its heretic inflationary response that ramps up to obscene volumes, followed by financial implosion. In fact, the events from here onward are the final hurrah for the USDollar regime and the criminal cabal.

Now has never been a better time to own a big stack of gold & silver coins & bars, stored in a secure place outside the United States, outside England, outside Switzerland, even outside Canada. The people must defend against a climax of systemic failure, led by arrogance, stupidity, desperation, and delusion, even armed aggression. It remains to be seen whether the Kremlin has some secret allies who might emerge in time, from other worlds. But that is an entire other story to be told someday maybe. We earthlings will all find out soon enough. Times are changing fast, and better to be alert than to get hurt. The Global Currency Reset lies directly ahead, complete with its doubled Gold price and doubled Silver price. The Russians & Chinese are motivated to respond to a military prod, poke, and nudge by delivering a financial response. The rejection of the USDollar is near. The rapid diversification away from the USTreasury Bond is near. The arrival of the new Global Gold Standard is imminent.

http://news.goldseek.com/GoldenJackass/1394139780.php

mick silver
6th March 2014, 03:15 PM
it's the start of something thats for sure . still looking . it maybe time to make one more big buy from the food store , who knows . something just dont feel right about whats happening over there

Shami-Amourae
6th March 2014, 03:26 PM
Fucking Nazis.


http://www.youtube.com/watch?v=1NFo9bNLmlo

steyr_m
6th March 2014, 04:06 PM
I wish Russkie migrated here instead of GIM2, I'd like to hear a perspective that isn't biased from the MSM.....

Jewboo
6th March 2014, 04:45 PM
Now has never been a better time to own a big stack of gold & silver coins & bars...






http://www.practicaltacticaltraining.com/wp-content/uploads/2013/01/how-to-negotiate-on-a-used-car-salesman.jpg
Ukraine...Russia...WWIII...oh...buy my shiny metals today!


:rolleyes: Jim Willie

Shami-Amourae
6th March 2014, 05:03 PM
http://www.practicaltacticaltraining.com/wp-content/uploads/2013/01/how-to-negotiate-on-a-used-car-salesman.jpg
Ukraine...Russia...WWIII...oh...buy my shiny metals today!


:rolleyes: Jim Willie



He accused the bad people of being behind everything being literal Nazis. He never once has mentioned Jews. The guy has 0 credibility in my book.

osoab
6th March 2014, 06:28 PM
I wish Russkie migrated here instead of GIM2, I'd like to hear a perspective that isn't biased from the MSM.....

Or Antonio.

keehah
3rd March 2022, 12:28 PM
Ukraine comments in first few minutes.

JPMorgan CEO Dimon on Stimulus, M&A, War for Talent

https://www.youtube.com/watch?v=z4eShguXLvc&t=17s

businessinsider.com: Jamie Dimon warns the West's sanctions on Russia could have 'unintended consequences' and says market volatility is here to stay (https://markets.businessinsider.com/news/stocks/jamie-dimon-jpmorgan-russia-sanctions-market-volatility-fed-inflation-2022-3)

Mar 1, 2022
JPMorgan boss Jamie Dimon has warned the West's move to cut Russia out of the SWIFT global payments messaging system could have "unintended consequences", including potentially hurting some economies around the world.

Dimon, in an interview with Bloomberg TV, told investors they should strap in because
volatility in financial markets is here to stay, after a calm 2021 that saw US stocks consistently hit record highs.
reuters.com: Column: Russia central bank freeze may hasten 'peak' world FX reserves (https://www.reuters.com/markets/europe/russia-central-bank-freeze-may-hasten-peak-world-fx-reserves-mike-dolan-2022-03-02/)

March 2, 2022
An end to the era of foreign currency stockpiling may be nigh.

This week's dramatic freeze of the Russian central bank overseas assets in response to Moscow's invasion of Ukraine may now question just why countries build foreign currency reserves at all.

While a huge blow for Russia's economy, the move quickly prompted questions about whether targeting reserve holdings as an act of 'economic warfare' may prompt a rethink by reserve managers across the globe - not least in countries that may be at loggerheads or face a potential conflict with U.S. or EU governments - over where to bank their national stash.

It's a potentially huge issue for world markets given that central bank foreign currency reserves totalled a record $12.83 trillion late last year - a rise of $11 trillion over the past 20 years. This money is held mostly in U.S. and European government bills and bonds - with the U.S. dollar still accounting for almost 60% of that and the euro about 20%.
ndtv.com: Fighting Russia, Ukraine Is Crowdfunding For Its Armed Forces (https://www.ndtv.com/world-news/fighting-russia-ukraine-is-crowdfunding-for-its-armed-forces-2788525)

February 25, 2022
National Bank of Ukraine set up a special account on Thursday where people from around the world can send money in major currencies to Ukrainian soldiers.

keehah
8th March 2022, 09:40 AM
yahoo.com: Powell Says War May Speed China Moves to Insulate Against Dollar (https://ca.news.yahoo.com/powell-says-war-may-speed-183159263.html)

March 3, 2022
Powell was questioned Thursday in a Senate Banking Committee hearing on how China might view the U.S.-led efforts to isolate Russia’s economy, especially by damaging its ability to use the dollar.

Senator Jack Reed, a senior Democrat who has focused on China’s rise as a global power, told Powell at the hearing that Beijing will start thinking about “how they can avoid that fate if they get into a similar circumstance” as Russia. China “will look very closely” at the “whole issue of the dollar as the medium of exchange to the world,” said Reed, who chairs the Armed Services Committee.

Reed asked Powell if he was watching the issue and whether he’d report back to Congress on developments and share views on what he thinks might happen. “Yes to all of the above,” Powell said.

Powell said that China has “for some time” been working on the reserve-currency status issues, and been developing a messaging system for international payments that’s like the SWIFT system. The U.S. and European nations have moved to bar Russia from using SWIFT, which is vital to international payments in dollars.

“That’s been going on for some time,” Powell said of Chinese efforts to insulate themselves from what Reed described as “the same thing that they’re observing in Russia now.” Powell added, “But this may change the trajectory.”
miamistandard.news: Fed Chief Powell Says It’s Possible to Have More than One Reserve Currency in the World – Diminishing the US’s Dominance in the World (https://miamistandard.news/2022/03/02/fed-chief-powell-says-its-possible-to-have-more-than-one-reserve-currency-in-the-world-diminishing-the-uss-dominance-in-the-world/)

6 days ago on March 2, 2022
Fed Chief Jerome Powell also shared the potential to have more than one reserve currency in the world. This is a shocking statement coming from the head of the Fed.

The US has benefitted from having the reserve currency of the world. We’ve reported on this for months and how under Biden the US has reached the lowest point in decades.

As the Biden gang continues to spend the dollar continues to get weaker. Now the US is pushing Russia away from using the US dollar as its reserve currency and this may not be so smart.

In addition, the US has benefitted from having the USD the currency used for oil transactions worldwide. This ‘petrol dollar’ arrangement may go by the wayside as some fear Russia and the Saudis have already made an arrangement to trade oil outside of the dollar.

Powell may be saying that it’s alright to have more than one world reserve currency because there is little he and the Biden Administration can do to stop it. This could have long-lasting negative impacts on the US and make the US weaker than Biden has already has made the country.
https://twitter.com/PeterSchiff/status/1499060411823378434

Peter Schiff
@PeterSchiff

#Powell claimed that if the U.S. dollar were replaced as the primary reserve currency of the world, that Americans would not really notice the change. That may qualify as his most clueless statement ever. The U.S. economy is built on the foundation of its reserve currency status!

8:33 AM · Mar 2, 2022
Peter spent much of his podcast a few days ago covering Powell's speech: https://www.youtube.com/watch?v=F5i_1NMiCvI

Maybe there is little the Biden admin can do to stop this, but they do seem able to accelerate this!

cracknewz.com: Russia switches to China's card system after Visa, Mastercard suspends operations [details] (https://www.cracknewz.com/2022/03/russia-switches-to-chinas-card-system.html)

2022/03
After Visa and Mastercard announced that their operations in Russia would be suspended, many Russian banks announced on Sunday that they would soon begin issuing cards using the Chinese UnionPay card operator's system combined with Russia's own Mir network. Sberbank, Russia's largest bank, as well as Alfa Bank and Tinkoff, all announced the transfer to UnionPay on Sunday.

The development has come amidst, Visa and Mastercard, both based in the United States, announced on Saturday that they were halting operations in Russia as a result of the invasion of Ukraine and that they would work with clients and partners to stop all transactions there. All transactions started with Visa cards issued in Russia will no longer function outside of the nation within days and any Visa cards issued outside of Russia will no longer work within the country, the company said in an official statement.

It is pertinent to note that Russian banks have been barred from using the SWIFT global payments system by the United States, the United Kingdom, and the European Union. SWIFT connects nearly 11,000 banks and institutions in over 200 countries, and Russia's loss of access to the system would have an impact on international cash transfers and foreign trade. Multiple Russian financial firms have also been barred from utilizing Mastercard and Visa's networks.

Russians are bracing for an uncertain future of escalating inflation, economic misery, and an even tighter squeeze on imported products as a result of the payments firms' move. Unprecedented Western sanctions against Russia have frozen a large portion of the country's central bank's $640 billion in assets, prevented many banks from using the global payments system SWIFT, and put the ruble into free decline, wiping off a third of its value this week.

After the imposition of international sanctions in 2014, when Russia annexed Crimea, Russia has been aiming to minimize its dependency on Western payment networks. While Russians are increasingly adopting and using Mir cards, they still lag behind international competitors such as Visa and Mastercard.
Only thing that seems to make sense in all this western corporate news, politician and public service sanction and stupidity is a WEF type conspiracy to destroy the ability of the US dollar to remain the world reserve currency.

keehah
23rd March 2022, 09:34 AM
Biden Administration seems really gung-ho to end the US dollar's role as world reserve currency. Why now? This is not for any recent Chinese escalation of 'unapproved activity.' This just seems irresponsible and reckless. Gets other Nations thinking they could be the next Russia like target at any time for any reason and need an alternate or separate from the international US dollar system.

cbsnews.com: U.S. sanctions officials in China over persecution of Uyghurs and other minorities (https://www.cbsnews.com/news/us-sanctions-china-genocide-persecution-uyghurs-other-religious-minorities/)

MARCH 22, 2022
Washington — U.S. Secretary of State Antony Blinken announced new visa restrictions on Chinese officials Monday for their actions to repress ethnic and religious minorities both inside and outside the country. In a statement, which provided no specific details on which officials would be targeted with the new sanctions, Blinken also reiterated a call for China to "end its ongoing genocide and crimes against humanity" in the northwestern region of Xinjiang.

Xinjiang is in the grip of a years-long "anti-terrorism" campaign that has seen more than a million Uyghurs and other Muslim minorities detained in a sprawling network of "re-education" camps, according to rights groups.

china.org.cn: China demands US revoke sanctions on Chinese officials (http://www.china.org.cn/world/2022-03/23/content_78123634.htm)

China on Tuesday demanded that the United States immediately revoke sanctions imposed against Chinese officials for so-called human rights violations, warning that otherwise the U.S. will face reciprocal countermeasures from China.

"The U.S. statement is full of ideological bias and political lies, discrediting China and suppressing Chinese officials for no reason. What the United States has done violates international law and norms, and grossly interferes in China's internal affairs," Foreign Ministry spokesperson Wang Wenbin told a regular news briefing.

China is firmly opposed to this, Wang said.

"The worst human rights violator in the world is the United States itself," Wang said, noting that it should repent for butchering the Native Americans and reducing their population to 250,000 at the beginning of the 20th century from 5 million in the late 15th century...

The spokesperson added that the United States should beg for forgiveness from the international community for waging war in Iraq, Syria and Afghanistan and causing 330,000 civilian deaths and over 26 million refugees, rather than lecturing others on human rights.

He urged the United States to face up to and resolve its own systemic and chronic human rights problems, instead of undermining the human rights of other countries in the name of protecting human rights.

"If the United States ceases being a lecturer of human rights, the situation of human rights in the world will be better," Wang said.

Interesting fact: How the regime occupying Washington DC treats Chinese Uighur:
nbcnews.com: U.S. targets Chinese Uighur militants as well as Taliban fighters in Afghanistan (https://www.nbcnews.com/news/world/u-s-targets-chinese-uighur-militants-well-taliban-fighters-afghanistan-n845876)
Feb. 8, 2018

keehah
4th March 2023, 09:55 AM
nypost.com: Russian billionaires who shopped for US property with Hunter Biden and dined with Joe dodge sanctions (https://nypost.com/2023/03/02/unsanctioned-russians-shopped-us-land-with-hunter-biden-dined-with-joe/)

March 2, 2023
Two Russian billionaires who have managed to dodge US sanctions over Moscow’s year-old invasion of Ukraine went property shopping with Hunter Biden, dined with then-Vice President Joe Biden, and discussed “favors” they might swap, sources tell The Post.

New details of Joe and Hunter Biden’s association with Yelena Baturina and Vladimir Yevtushenkov flesh out tantalizing clues from the first son’s abandoned laptop. The sources spoke with The Post this week after the duo was yet again spared a fresh batch of sanctions announced by the Treasury Department Friday....

War-criming western corporate journalists were baffled.

thestar.com: Russia’s economy is expected to outpace the economy of every G7 country next year. Why the West’s sanctions have been almost useless (https://www.thestar.com/business/opinion/2023/02/11/how-the-wests-sanctions-blitzkrieg-has-had-little-effect-on-russia.html)

Feb. 11, 2023
Remarkably, the Russian economy is expected to grow faster this year than the economies of alliance partners Germany and the U.K.

That recent forecast, by the International Monetary Fund (IMF), also predicts that Russian economic growth will outpace that of all G-7 economies next year. The IMF forecasts GDP growth in 2024 of 2.1 per cent for Russia, 1.5 per cent for Canada, and 1.0 per cent for the U.S.

How is that possible, when the external pain inflicted on Russia’s economy has no modern precedent in its scope, speed and coordination?...

Last March, soon after Russia’s initial invasion of Ukraine, Janet Yellen, the U.S. treasury secretary, was confident that “the Russian economy will be devastated.”...

In December, 10 months into the Western sanctions regime, a U.S. government report acknowledged that the sanctions “have not delivered the economic ‘knock out’ that many predicted.”

That might be an understatement.

Russia’s central bank has minimized hardship for Russian civilians that might have weakened domestic support for the war on Ukraine.

The bank has kept inflation under control and has actually increased the domestic value of the ruble to pre-war levels. The current exchange rate is about 60 rubles to the U.S. dollar, up from about 75 before the war.

Russia has found alternative markets for its exports. Each of Brazil, China, India, and Turkey have increased their Russian imports by at least 50 per cent in the past year.

True, Russia is selling its oil at discounted prices. But that oil continues to generate cash flow to fund Russia’s war in Ukraine, as do continued exports of Russian natural gas, nickel, aluminum, and titanium...

Finally, Russia has increased its defense spending by 43 per cent from 2021 levels. It is expected to spend more than $84 billion on defense this year, bulking up its domestic wartime economy.

Heightened activity in Russia’s military-industrial complex accounts for a large portion of the country’s outwardly impressive GDP growth.

There is an emerging if unspoken consensus in the Western alliance that the only way to stop this war is by conventional military means...

A report by the European Union Institute for Security Studies acknowledges the “delayed effect” of sanctions. But it asserts that “Sanctions will permanently impair Russia’s economic and technological potential and lead to a long-lasting decline in living standards among the population.”

Two-front Waterloo?

reuters.com: Exclusive: US seeks allies' backing for possible China sanctions over Ukraine war (https://www.reuters.com/world/us-seeks-allies-backing-possible-china-sanctions-over-ukraine-war-sources-2023-03-01/)

March 1, 2023
The United States is sounding out close allies about the possibility of imposing new sanctions on China if Beijing provides military support to Russia for its war in Ukraine, according to four U.S. officials and other sources.

The consultations, which are still at a preliminary stage, are intended to drum up support from a range of countries, especially those in the wealthy Group of 7 (G7), to coordinate support for any possible restrictions.