Ditching the Dollar

[Ares]

https://d24g2nq85gnwal.cloudfront.net/images/authors/MoneyInTheToilet-770x942.jpg

One of the symptoms of a declining empire is that it becomes less and less productive and therefore less relevant to other countries. Any empire, whilst in its prime, will have a strong currency. As its productive relevance declines, so will its currency. Invariably, its leaders attempt to keep the currency strong, in spite of the decline in national relevance. Rather than return to a more productive condition, the empire almost invariably resorts to force.

The US has been unusually forceful in this regard. In order to retain the dollar as the currency upon which oil is denominated and paid for, the US has attacked countries (Iraq, Libya) when their leaders have announced that they will, in future, accept other currencies or gold as payment for oil.

The US has also attempted to retain the dollar as the default currency of the world by applying sanctions (refusal to allow the use of the SWIFT system, lowering oil prices, demanding that its allies cease to trade with offending countries, etc.).

This approach to solving the waning strength of a currency rarely works and in the case of the US, has failed spectacularly.

For hundreds of years, Russia and China have been less than friends and even when they are getting along, have always remained suspicious of one another. However, the measures imposed by the US have caused them to join forces out of mutual interest. They have both built up their gold reserves, are in the process of laying their own trans-Atlantic cable to allow independent worldwide communications, are creating their own SWIFT system (the Double Eagle Project), and have recently inked the largest energy deal the world has ever witnessed, to be paid for in the ruble and the yuan.

In each case, these developments have been undertaken to sidestep US force, which had been intended to retain its level of power in the world. Had the US not applied such force, it might have declined to slowly become one of three major powers. Instead, it’s actually achieving the opposite to what was desired: it’s pushed Russia and China into creating alternatives to the US, making the US, in some ways, unnecessary.

Of course, both countries, especially China, will wish to continue trading with the US, but they’re creating a condition in which the US is the odd one out. Its teeth are being removed one at a time, leaving it soon to be a lesser player in the world.

At first, the moves to side-line the US were performed quietly, but increasingly, as each development by Russia and China has been successfully achieved, they’ve become emboldened, and in November 2014, Russian President Vladimir Putin stated publicly that he plans to leave the “dollar dictatorship” of the market and to increase the use of the ruble and the yuan in trading with China. (Between January and September of 2014, settlements in yuan between China and Russia have increased 800%.)
Beyond FATCA

Of course, we’re talking about the major players here. Those of us who are citizens of smaller countries do our best to make decisions independently from the majors, but when one of the big boys starts to apply the muscle to us, we often find that we must do as we’re told. And, of course, we resent it.

Generally, our independence as sovereign jurisdictions is respected by the US and we’re left alone, but increasingly, the US has brought pressure to bear on us all. The number of countries the US has intervened in is alarming to us (Iraq, Syria, Libya, Egypt, Ukraine, etc.). More alarming is the worldwide US economic invasion, under the guise of FATCA.

What this has done has been to create fear in sovereign nations the world over—not just of the invasion that FATCA represents, but of what might come next. Will the US begin raiding bank accounts in foreign jurisdictions? Will it begin taking possession of assets in other countries that it deems to be owned by its citizens?

This brings the discussion close to home for the citizens of all the world’s countries, and the result is that, although the citizens of a given country might at one time have favoured the US over Russia and China, they may now find themselves siding with the latter countries as a result of the overreach of the US.

If this is true, we might begin to find the “lesser” countries taking the first quiet steps to distance themselves from the US and to make themselves more independent of it.

Once we’ve projected a future trend such as this one, we might keep an eye out for early developments in this direction… and they’ve begun.
Beyond the US and EU

Recently, the Eurasian Economic Union (EEU), made up of Russia, Belarus, Armenia, and Kazakhstan, announced a plan to create a single market by 2025. The objective will be dollar-free trading. Of course, the EEU is Russian-dominated, so this plan is not a surprising one. However, two of these countries are also members of the Shanghai Cooperation Organization (SCO), which additionally includes China, Kyrgyzstan, Tajikistan, and Uzbekistan and has, as observers, Afghanistan, India, Iran, Mongolia, and Pakistan.

Once the EEU is under way with its plans, it would not be at all surprising if the SCO got on board. Might this then trigger the much larger Eurasian Union to also agree to the plan? And the Association of Southeast Asian Nations (ASEAN)? If so, virtually every country east of Iran would be on board.

What then of the rest of the world? Would they be likely to wait their turn and begin to create safety for their own currencies after the Asians have already done so?

Apparently not. On 2nd November 2014, Brazil and Uruguay, who have traditionally used the dollar for bilateral trade, decided to switch from the dollar to the Brazilian real and the Uruguayan peso. Carlos Francisco Teixeira da Silva, Professor of International Relations at the Federal University of Rio de Janeiro described the move as "the best opportunity for the countries of South America to get rid of the old mechanisms of economic regulations dictated by the United States."

This is no dryly phrased comment. It leaves no uncertainty as to the resentment toward the US, nor as to the intent of the two countries. Such developments serve as a reminder to us that even the smaller countries of the world, whilst fearful of empires, will seek out opportunities to work together with larger countries to escape the oppression of an empire.

Each small country in the world is unable to combat an economic attack from the empire unilaterally, but when they act in concert, particularly if a major power sets the stage for them, they can have enormous overall effect.
Beyond SWIFT

By mid-2015, the Russian Double Eagle Project is expected to be in operation. The world will have a second SWIFT system. If it is devoid of the US-imposed restrictions of the existing SWIFT system, it will not only immediately be used by Russia and China, but, in my belief, will be used by the overwhelming majority of countries.

Further (and the reader is encouraged to offer an opposing prediction if he has one), importers, exporters, and investors who are citizens of the EU and US are also likely to make use of the Double Eagle, instead of SWIFT, wherever they are able to do so.

If this premise is correct, the rejection of the dollar will occur from within, as well as without.

The ability of the world to ditch the dollar will be a major, major change in world economic balance… and a major step forward for world economic freedom.

http://www.internationalman.com/articles/ditching-the-dollar

[madfranks]

They have both built up their gold reserves, are in the process of laying their own trans-Atlantic cable to allow independent worldwide communications, are creating their own SWIFT system (the Double Eagle Project),

The double eagle project? The irony is not lost on me. When I hear double eagle, I think one of these:

http://americanhistory.si.edu/numismatics/doubleea/stgultrahighorw.jpg

[BarnkleBob]

There are only about $1.3 trillions of physical dollars in existence....which per 12 USC §411 are obligations of the UNITED STATES.... these are the ONLY dollars in circulation, the ONLY dollars in existence, everything else is either dollar denominated CREDIT, or CLAIMS on the physical dollars in existence!!!

Consider the following evidence revealed by the GAO audit of the Fed:

The Fed Audit

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression.

http://www.sanders.senate.gov/newsroom/press-releases/the-fed-audit

Think about it, $16 TRILLION DOLLARS was supposedly SECRETLY loaned when there was actually less than $1 trillion in physical existence.... This it is OBVIOUSLY self evident that actual DOLLARS WERE NOT LOANED.... What was loaned has to be Federal Reserve "dollar denominated" CREDIT.....and dollar denominated credit IS NOT dollars! This $ credit may act like dollars fulfilling the role of dollars, but legally dollar denominated credit IS NOT legal tender currency.... Further, where did the Fed find $16 tt in unencumbered assets to create this $16 tt??? Keeping in mind the 2007/08 crisis was a credit crisis caused BY collateral value failures & failures to deliver!

The Federal Reserve Act DOES NOT create an obligation to the Congress when the Fed unilaterally loans Federal Reserve "dollar denominated" CREDIT... "Dollar Denominated" & "privately issued credit" is the KEY to understanding the scheme....

I digress, the physical dollar and its coinage is very safe, what is not safe is the privately issued BANK credit that is issued as a dollar denominated derivative of the dollar itself... Indeed, this dollar denominated credit/debt is highly unstable & subject to default & destruction, thence it can dissappear at any moment, which is deflationary credit destruction... the very fact that there is $60+ trillions in claims on a physical dollar supply of less than $1.3 tt almost insures a massive credit/debt destruction when a crisis appears....

It WILL NOT be the dollar that is firstly destroyed, but dollarized credit that purports to be dollars.... the dollar itself can only be destroyed by and thru a political decision to mass produce dollars Weimar/Zimbabwe style to meet the claimholders demands to redeem their claims for physical currency!


"Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." --12 USC §411

http://www.law.cornell.edu/uscode/text/12/411


"The term “obligation or other security of the United States” includes all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps." 18 USC §8

http://www.law.cornell.edu/uscode/text/18/8

[BarnkleBob]

In reference (supra): "The SCAM revealed by Economics Proffessor"

Create a crisis, come with a “private banking solution” in the name of “central bank autonomous”. sounds familiar?

http://investmentwatchblog.com/create-a-crisis-come-with-a-private-banking-solution-in-the-name-of-central-bank-autonomous-sounds-familiar/

[EE_]

Since the FF in Paris, how will a new American war on Israel's enemies (the Muslims) play into this. Of course America will be protecting the "good" 100% Muslim country, Saudi Arabia, but a full scale war on the "bad" Muslims in the rest of the Middle East. The war economy may be picking up soon and a stronger dollar to go with it?
We may even be able to take Iran out this time?

[Sparky]

Markets are forward-looking. If all these visible wheels are in motion to overturn the dollar, why is it currently pushing 10-year highs?

I don't doubt that the dollar has substantial vulnerability. But I think the complexity of money makes it hard to predict the details of how the future will play out. Important factors:

1) The "value" of the USD is currently established against its fiat competitors, and not against some absolute.
2) There are physical dollars, electronic dollars, and "credits". The latter two are really a claim on physical dollars. The more they are inflated, the more "valuable" the physical/paper dollar becomes. So it's something of a paradox.
3) At some level, "money" is like a claim ticket for wealth, and most people on the planet have known no other system. This gives the current paradigm a lot of credibility and inertia. At what point does this faith become unseated? There are two scenarios:
a) Faith is lost in the dollar in preference to some other "fiat" type system.
b) Faith is lost in the entire fiat system.

I think that the first is very unlikely. The fiat system does not fall until faith in the dollar has fallen. And faith in the dollar does not fall until all other fiat alternatives have failed. The big competitors continue to be the Yen and the Euro, both of which are in far more dire straits than the dollar, thus the USD rise to 10-year heights. The yuan as a new alternative has a lot of problems. The world is skeptical of China, and for good reasons. Sure, they can make some arrangements with other world partners (Russia, Venezuala, etc.), but unless you get the other big economic players on board (Japan and Europe), it's going to be a tough to pull off a maneuvered attack on the dollar; there's got to be a global shift in trust from the U.S. to China. China is currently one of the most un-trusted countries in the world. How will they turn that around?

I think the dollar will be the last to fall, and then there will be some tumultuous period during which the world struggles to modify the currently accepted money system. Likely it will retain a lot of its fiat characteristics, with perhaps some increased level of "backing" (e.g. precious metals, energy, etc.) and a component that allows more "fairness" than the current huge advantage that the USD currently holds as the world's reserve currency.

[BarnkleBob]

The dollar is soaring due to the collapse of the dollar denominated "credit" carry trade that was supporting the POO... the principle & profits are returning back to the home jurisdiction & origin of issuance of the economic privateers..... this is creating outflows of exchanges from foreign currency into demand for dollars.... the $ carry trade was essentially a pure volume play in the absence of yields, a "price bubble" in oil that aided in correcting many balance sheets.... oil was the underlying collateral to fuel the credit creation that fed the POO bubble...

2015: Why's the Oil Price Collapsing? Answer: $8+ Trillion Carry Trade

http://www.marketoracle.co.uk/Article48861.html

[Sparky]

The dollar is soaring due to the collapse of the dollar denominated "credit" carry trade that was supporting the POO... the principle & profits are returning back to the home jurisdiction & origin of issuance of the economic privateers..... this is creating outflows of exchanges from foreign currency into demand for dollars.... the $ carry trade was essentially a pure volume play in the absence of yields, a "price bubble" in oil that aided in correcting many balance sheets.... oil was the underlying collateral to fuel the credit creation that fed the POO bubble...

2015: Why's the Oil Price Collapsing? Answer: $8+ Trillion Carry Trade

http://www.marketoracle.co.uk/Article48861.html

This was an interesting article, but they lost me. If the concern is a repatriation of US dollars to unwind the carry trade, wouldn't this drive down the value of the dollar, and therefore raise commodity prices, i.e. create inflation?

[crimethink]

are creating their own SWIFT system (the Double Eagle Project)

The Double Eagle Project is an invention of Sorcha Fail:

http://www.whatdoesitmean.com/index1759.htm


(the Russian Coat of Arms has a double-headed eagle on it)

[BarnkleBob]

This was an interesting article, but they lost me. If the concern is a repatriation of US dollars to unwind the carry trade, wouldn't this drive down the value of the dollar, and therefore raise commodity prices, i.e. create inflation?

Initially the demand for dollars increases its value.... however since this is dollar denominated credit that will inevitably be existinguished resulting in sterilization, theoretically there will be no impact on commods, and the dollar will restabilize at a lower level... theoretically! If the dollar credit isnt extinguished or sterilized it would drive the volume of credit up resulting in a lower $ value..... Also keep in mind that there are trillions in dollar denominated loans in the global economy.... thus dollars are constantly in high demand.... and if lenders sense an oncoming crisis they will begin "calling" loans which adds additional demands for $.

In theory, a lower POO would loosen or free-up available circulating dollars easing the demand, but these are NOT dollars, it is dollar denominated credit & debt that circulates as dollars....

This is where the major misunderstanding lays today.... The Fed & global CB systems DO NOT manage a "fiat monetary system" any longer.... they are managing a hybrid credit system. The monetary system is becoming obsolete.....

Your bank account is nothing but bank credit.... any transaction performed electronically is a transfer of credit, not money or currency!

[mick silver]

Your bank account is nothing but bank credit.... any transaction performed electronically is a transfer of credit, not money or currency!

[Serpo]

What did Jim Willie say...................the FED has defaulted and now owned by China, JPM also owned by China ,ports owned by ........same

Sounds like its over and China is just trying to grab some last minute cheap shopping before everyone finds out and things go iiiiiiiiiiiinnnnnnnnnnnsane

[Serpo]

In reference (supra): "The SCAM revealed by Economics Proffessor"

Create a crisis, come with a “private banking solution” in the name of “central bank autonomous”. sounds familiar?

http://investmentwatchblog.com/create-a-crisis-come-with-a-private-banking-solution-in-the-name-of-central-bank-autonomous-sounds-familiar/

downloading it now, sounds like it maybe a good watch

https://www.youtube.com/watch?v=p5Ac7ap_MAY

[General of Darkness]

There are only about $1.3 trillions of physical dollars in existence....which per 12 USC §411 are obligations of the UNITED STATES.... these are the ONLY dollars in circulation, the ONLY dollars in existence, everything else is either dollar denominated CREDIT, or CLAIMS on the physical dollars in existence!!!

Consider the following evidence revealed by the GAO audit of the Fed:

The Fed Audit

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression.

http://www.sanders.senate.gov/newsroom/press-releases/the-fed-audit

Think about it, $16 TRILLION DOLLARS was supposedly SECRETLY loaned when there was actually less than $1 trillion in physical existence.... This it is OBVIOUSLY self evident that actual DOLLARS WERE NOT LOANED.... What was loaned has to be Federal Reserve "dollar denominated" CREDIT.....and dollar denominated credit IS NOT dollars! This $ credit may act like dollars fulfilling the role of dollars, but legally dollar denominated credit IS NOT legal tender currency.... Further, where did the Fed find $16 tt in unencumbered assets to create this $16 tt??? Keeping in mind the 2007/08 crisis was a credit crisis caused BY collateral value failures & failures to deliver!

The Federal Reserve Act DOES NOT create an obligation to the Congress when the Fed unilaterally loans Federal Reserve "dollar denominated" CREDIT... "Dollar Denominated" & "privately issued credit" is the KEY to understanding the scheme....

I digress, the physical dollar and its coinage is very safe, what is not safe is the privately issued BANK credit that is issued as a dollar denominated derivative of the dollar itself... Indeed, this dollar denominated credit/debt is highly unstable & subject to default & destruction, thence it can dissappear at any moment, which is deflationary credit destruction... the very fact that there is $60+ trillions in claims on a physical dollar supply of less than $1.3 tt almost insures a massive credit/debt destruction when a crisis appears....

It WILL NOT be the dollar that is firstly destroyed, but dollarized credit that purports to be dollars.... the dollar itself can only be destroyed by and thru a political decision to mass produce dollars Weimar/Zimbabwe style to meet the claimholders demands to redeem their claims for physical currency!


"Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." --12 USC §411

http://www.law.cornell.edu/uscode/text/12/411


"The term “obligation or other security of the United States” includes all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps." 18 USC §8

http://www.law.cornell.edu/uscode/text/18/8


What's funny is that they KNEW this was going to happen WAYYYYYY before they did it. Why do people think they stopped reporting the M3 report back in 2006, because they had to get things into place the HIDE the big charade for as long as possible.

When the next hammer falls it's going to look something like this.

http://nukeitfromorbit.com/nuke.jpg

[Ares]

The Double Eagle Project is an invention of Sorcha Fail:

http://www.whatdoesitmean.com/index1759.htm


(the Russian Coat of Arms has a double-headed eagle on it)

Is it Sorcha Fail or Jim Willie?

INTERVIEW WITH GREG HUNTER ON USA WATCHDOG

April 6th: The Eastern Rebellion against the USDollar has begun in earnest and picks up speed, with a new Russia-Iran $20 oil for

products deal, with a Russian central bank Project Double Eagle to create a gold-backed Ruble currency (to complement the Chinese

Yuan gold-backed currency), sure to result in a parade of gold-backed currencies (Gulf Dinar, Nordic Euro, Panama Balboa) used

to kill off the fatally debased USDollar and toxic USTreasury Bond, during which limp-wristed Obama was rebuffed by the Saudis in

an abbreviated summit meeting amidst controversy and conflict... yet more backfire as the reckless USGovt attempts to isolate Russia,

but instead the United States finds itself isolated and its USD/USTBond quarantined, having learned the harsh geopolicial lesson

that the entire Eastern world will rally behind Russia & China and form an important critical mass (called the Eurasian Trade Zone)...

the billboard sign reads GAME OVER -- THIRD WORLD DEAD AHEAD (exactly as the Jackass forecasted since 2009-2010)

http://www.goldenjackass.com/main5.html

[Sparky]

My point is the the USD is the fiat/paper money system. The collapse of fiat money and the collapse of the USD represent the same event. First the Yen and Euro, and then the USD. Then a new global system will emerge which will still be mostly fiat, but starting over from a more level playing field. This will take years to play out, and will be triggered by the U.S. Social Security and Medicare obligations that have been promised to the demographic wave that will be retiring from 2020-2030. Perfectly aligned with Fourth Turning timing.

[Sparky]

It is fascinating how paper money, electronic money, credit, and leveraged credit are so entangled in a web of such magnitude that it really is hard to comprehend or anticipate all of the ways that some kind of dislocation could happen. I've figured out that the global bond market is the "barometer" of this massive web which provides a market assessment of trust in the financial system. Central banks have artificially inflated the bond market, but eventually the bond market will sniff it out and detonate the whole structure.

Money is a fascinating subject because the current fiat representation (upon which the entire world relies for commerce and trade) is so dependent on mere faith and trust. One of the reasons that it continues to work is because not enough people understand it enough to lose trust in it. Yet.

[jimswift]

the current fiat representation (upon which the entire world relies for commerce and trade) is so dependent on mere faith and trust. One of the reasons that it continues to work is because not enough people understand it enough to lose trust in it. Yet.

I was getting in to this very thing with someone, explaining that we are dealing with the belief system of masses, much like religion.

Once your in that realm, it's a really hard thing to break in to.

[BarnkleBob]

Todays global economic system is the outgrowth from the liquidation of the English empire which began liquidating around 1899.... The break-up & liquidation was the major cause of WWI & its continuation war, WWII. The liquidation of the empire created many economic and financial instabilities & imbalances worldwide.... many of which have remain today, albeit they have grown unmanagable & unweildy.

Considering that the causes for the "great" depression were never fundamentaly addressed, as the newly installed Central Bank system began its purposes, to namely paper over the problems and protect the monopolists and their status quo..... The 600 yr olde "merchantilist" economic system had become corrupt, disorganized & obsolete.... TPTB decided that the answer to prevent a full reorganization of the system would be socialism for the masses driven by monopoly capitalism for the elite few.... A new economic theory was devised to confound, confuse & cover the actual problems that remained and continued to grow in the system of global trade. This is of course Keynesian economics....

Post WWII resulted in an attempt to resurrect the mechantilist system with the Bretton-Woods Agreement, namely a quasi-gold standard combined with trade agreements & tariffs.... The resurrection was not lasting as it could not endure the misorganization, imbalances, corruption, and misallocations that had never been reorganized much less eben addressed.....

The crash of BW in 1971 created the so called "emergency" debt backed by debt fiat monetary system which much akin to the Keynesian system was impacted by the previous activities and lack thereof to address the misallocations and imbalances brought forward....

Which gets us to today.... the fiat monetary system of 1971 is in its death throes, a new system of credit is emerging due to technogical advances, BUT underlying each of these systems dis & misorganization, corruptions, etc. remains.... meaning that it doesnt matter what system is erected, they will always fail for failure to address the real problems....

Socialism, like capitalism ARE NOT economic systems, as TPTB would aspire you to believe, they are, like Communism or Xianity, mere ideologies, a.k.a. belief systems.... they ARE NOT in themselves economic systems.... these ideogies can & do influence economic activities and the participants.... but again, they do not constitute a economic system.

Now, so it seems, there may be an efforts among the trading nations to reorganize the system, as the system itself can no longer operate with the structural inefficiencies, corruptions, misallocations, & imbalances.... these are the same forces that forced the liquidation of the English empire.... these same forces caused three major world conflicts (WWI, WWII & Cold War) & numerous low intensity conflicts, political & financial instability, poverty, genocides, etc., etc., etc.....

The major powers are today once again forced by necessity to reorganize the post WWII "reconstruction" economic system.... A system that arose from the destruction of WWI, WWII & the great depression..... The $ dollar $ was the mule that carried the load throughout the post WWII global reconstruction phase.... it fulfilled its role, which was to oversee, stabilize and finance the reconstruction of the world!

The $ role is now diminishing as it has performed its function.... there isnt a need any longer for a reconstruction currency..... and the trading nations now seek to reorganize the global economic system, its inefficiencies & imbalances.... The $ will remain, it still has a role to play, albeit a much different role than its predecessor reconstruction role.... and it shall remain a major role no less than the other major currencies....

Consider that many institutions have grown up during the reconstruction role, institutions that are now obsolete and are no longer economically useful or necessary in the economy. They have many political friends that support their obsolete existence..... For example, a restructured & reorganized efficiently operating economic system will almost assuredly require PEACE amongst the nations to continue trade & commerce.... this will effectively damage or destroy the Anglo-American-Zionist MIC cartels.... the Cartels & Monopolies that rely upon a misorganized global economic system will fight for their existence and employ every dirty trick and tactic to prevent their "cash cows" from being slaughtered..... this is where we are today! The obsolete and useless economic activities must be removed from the system, and it must be performed globally if a new efficient economic system is to arise.

Hopefully this helps to put a few more pieces of the puzzle together....

[Sparky]

Very good analysis of where we are and why, BBob. The question that lies before us is how orderly (or disorderly) the reorganization will be, and the timing over which it will take place. I'm on record as saying it will be a series of crises that will be temporary (ranging several days to several months) and regional, taking place over the next 15 years or so. I also expect them to be increasing in frequency and scope with time, until we reach the "breaking point" of forced reorganization, i.e. the so-called "re-set". We have already seen this pattern since the 2008 financial crisis. Each emerging disaster seems to have an impact that targets a specific region, and it is eventually quelled only to be replaced by a new emerging crisis. The crises seem to be mostly related to: social oppression, ethnic/religious differences, the environment, money/credit/finance, and resource availability & distribution.

[mick silver]

so bob do you see a world war coming to get us to the point of a new world money , because we all know the ones that been running show will not give up what they have ... power and control

[mick silver]

sparky I think you maybe right on a lot of what you said but I think the time is closer then you think , it started in 2001 with the world trade center falling to the ground ...
Very good analysis of where we are and why, BBob. The question that lies before us is how orderly (or disorderly) the reorganization will be, and the timing over which it will take place. I'm on record as saying it will be a series of crises that will be temporary (ranging several days to several months) and regional, taking place over the next 15 years or so. I also expect them to be increasing in frequency and scope with time, until we reach the "breaking point" of forced reorganization, i.e. the so-called "re-set". We have already seen this pattern since the 2008 financial crisis. Each emerging disaster seems to have an impact that targets a specific region, and it is eventually quelled only to be replaced by a new emerging crisis. The crises seem to be mostly related to: social oppression, ethnic/religious differences, the environment, money/credit/finance, and resource availability & distribution.

[Hatha Sunahara]

Anybody here ever heard of Union Pay? This apparently is the largest Credit Card in the world, and it is Chinese. Google it. Amazing that only a few Americans ever heard the name. Here's a picture of one of their cards:

http://gold-silver.us/forum/attachment.php?attachmentid=7190&stc=1

I'm not sure if it is only for purchhases in Yuan, or if it is good for dollar purchases. This is the biggest credit card in the world. Some 2.5 billion people have it. If the Russian version of SWIFT can be used to effect money transfers for Union Pay, then the dollar will be sunk for sure.


Hatha

[BarnkleBob]

The U.S. is the last of the colonial empires with a merchantilist tradition.... there appears to be at minimum two competing ideologies as to the present & future role the U.S. will play.... Both of the competing factions seek to prevent the loss of the empire and its global sociopolitical & socioeconomic powers that it enjoys today... this they both agree upon. The disagreement lays in means to achieve the goal of preventing any loss of powers in a major global reorganization....

I suspect the Anglo-American-Zionists whom, as history evidences are violent absolute capitalists.... IOW this group believes everything can inevitably be answered with violence & force when their cartels and vested interests are threatened by "REAL FRREE TRADE" economic & financial competition....

On the other side of the aisle, there is a group that understands that violence & force is bad for business.... they also understand that the days of imperialism and brute force are waning & soon to be obsolete as the global economy matures into a highly efficient division of labor and resource allocations.... If the global economic scheme is to prove successful, imperialism and merchantilism must be destroyed or the peace and harmony required for the global scheme cannot operate efficiently to the benefit of all trading participants.

The U.S. will prolly remain & retain empire status as the gendarmes of the world throughout the transition period, namely to keep the hold-outs in line.... however, it seems to me that the Anglo-American-Zionists whom have benefitted the most from the use of war & violence as state policy will suffer the most from a world a peace....

And let me also add that the problem of "absolute violent capitalists" IS NOT just a peculiarity of U.S. merchantilism & imperialism, it is SYSTEMIC around the world.... Russia, China, Germany, France, etc., et al possess their fair share of violent capitalists who feed from the troth of state sanctioned violence and their nations MIC.... And they do stand in the way of progressing the global economy into peaceful trade & commerce....

Thus, a battle is being fought around the globe.... the battle lines are drawn between peaceful co-existence of the Nations thru trade & commerce or the continuation of the WAR SYSTEM..... this I believe is what is being decided today!

Further stated its the masters of business & finance v. the violent warrior classes. The warrior classes are completely reliant upon the biz & finance classes for their funding.... A series of major economic & financial crisis & collapses would effectively impair & damage if not almost completely destroy the various MIC complexes around the globe.... Do these nations buy guns or do they feed their peoples???