Russia Is Doing It – Russia Is Actually Abandoning The Dollar

I think that you are correct!

North America can be energy self-sufficient in less than a decade!

But....... less than a year ago I read an article regarding the F-35 that did concern me regarding our ability to produce the most cost effective fighter jet.

I happen to be one of the members of Canada's Liberal Party who was scratching my head over the criticism leveled by officials of my own party at the decision by P. M. Stephen Harper to purchase so many F-35's. To me the decision sounded quite logical. What nation is going to produce a better fighter jet than the USA?

But......… the article that could well be an infomercial for fighter jets produced by BRIC nations........... was well written........ and I knew that a lot of us would be at least somewhat swayed by the argument:


http://www.politicalforum.com/australia-nz-pacific/380300-analysis-f-35-accurate.html

Is this analysis of the F-35 accurate?



Should we Canadians and Australians demand that our F-35's be shipped to Israel…….. and debugged and modified by the I.A.F. before we make further payments on them?

…

http://in.rbth.com/blogs/2013/04/08/why_australia_should_scratch_the_f-35_and_fly_sukhois_23629.html

 

Wow!

That is scary indeed!

But over twenty percent of the economy of North America is volunteerism. If our tendency to donate our time was to be significantly programmed into a database and measured more effectively, volunteerism in theory, could pay off the national debts of both the USA as well as Canada?!


http://www.politicalforum.com/histo...ria-experiment-can-applied-america-again.html


Do you think that the Worgl, Austria experiment can be applied in America again?



It certainly seemed to work well back during the time of the Great Depression!


http://www.whatcomwatch.org/php/WW_open.php?id=717

 

Thank you for these details Moi621.

You have confirmed some of my suspicions!

 

Does La Canada really need an F-35
or is it about "feeding" diverse, Multi National War Industries (Ottawa in action)
that produce a F-35. La Canada must make a thingie or two for it? Eh.

Do tell.

Moi
Daddy taught me to follow the dollar in politics.

r > g

No
certainly not F-35's​

 

No one can defeat the United States, nor the banking cartel which has tremendous influence on our government. Countries that try to do this will simply collapse economically. It's like being in a locked gymnasium and pissing off a big, mean bull elephant -- you may evade the elephant for a while but pretty soon..."Squish like grape." (Mr. Miyagi.. )

 

And why could these existing 171,300 tonnes of gold not be used as money?

 

I read a report (might have been Casey) that took all the physical currency of the major players and divided it by physical above ground gold and it set the true price at somewhere between $48,000.00 and $49,000.00 an ounce.
Rickards believes that currencys will be set at a fraction of countries holdings . Say 10% would put spot at around $4,900.00 an oz. That is not far fetched at all but still dealing with 90% as a fiat system. When the derivatives market blows up I believe people will have little use for fiat systems at all and if given a option (China Russia Iran) they will use whatever reserve currency option they come up with and IMF SDR's (SPECIAL DRAWING RIGHTS)will not have a chance of holding global reserve status.
The western central banks know this and is the reason they manipulate the price down. Last person standing when the music stops will be holding USD's.
"-- If government doesn't care about the price of gold, why did the Banque de France's director of market operations, Alexandre Gautier, tell the London Bullion Market Association in September 2013 that the French central bank trades gold for its own account and the accounts of other central banks "nearly on a daily basis"?:

http://www.gata.org/node/13373

Are those central banks trading gold just for fun? Or was Gautier lying?

Was Gautier lying again when he told the LBMA in November last year that central banks now are "managing" their gold reserves "more actively"?:

http://gata.org/node/14716

And if central banks don't care about gold, why does Gautier refuse to discuss their gold trading as if it is terribly sensitive?:

http://gata.org/node/14954

-- Why does the European Central Bank secretly gather representatives of its member central banks every few years before emerging to proclaim that "gold remains an important element of global monetary reserves" and that its member central banks "will continue to coordinate their gold transactions so as to avoid market disturbances"? What is that secret "coordination" if not conspiracy?:

http://www.gata.org/node/14014

-- Why, in June 2005, did William R. White, the director of the monetary and economic department of the Bank for International Settlements, the central bank of the central banks, tell a BIS conference in Basel, Switzerland, that a primary purpose of international central bank cooperation is "the provision of international credits and joint efforts to influence asset prices -- especially gold and foreign exchange -- in circumstances where this might be thought useful"?:

http://www.gata.org/node/4279

Was White lying?

-- If governments don't care about gold, why does the BIS actually advertise to potential central bank members that its services include secret interventions in the gold market?:

http://www.gata.org/node/11012

-- Indeed, if governments don't care about gold, why does the BIS acknowledge that it functions largely as the broker for secret central bank transactions in gold? Are those transactions just for fun as well?:

http://www.gata.org/node/12717

-- If governments don't care about gold, why did the staff of the International Monetary Fund report secretly to its board in March 1999 that central banks refuse to disclose their gold swaps and leases because disclosure would impair their secret interventions in the currency markets?:

http://www.gata.org/node/12016

-- Why did Federal Reserve Chairman Alan Greenspan testify to Congress in 1998 that central banks lease gold to suppress its price?:

http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm

Many similar questions could be put to Casey:

http://www.gata.org/node/14839

Like Casey, GATA doesn't believe in "conspiracy theories" either. Casey is the only one talking about "theories" here. When documents and public admissions show governments and central banks meeting secretly to develop and implement a course of action toward gold, we believe in conspiracy fact, while the clients of Casey Research are left with nothing but Casey's omniscience.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc."

 

Was that an answer to my question of why gold could not be used as money? If so, I saw no explanation of why that is not possible.

 

The F-35 which is a next Gen. Stealth Fighter/Attack Aircraft has has some problems but these problems will be eventually worked out.

The thing is when questions are asked whether it is better to have F-35's or the Typhoon Eurofighter?

Those European Manufacturers of the Typhoon tout it's better flight charachteristics but this is the main difference.

The F-35 is extremely stealthy and has the most modern and advanced avionics on the Planet thus a single F-35 can shoot down multiple Typhoons without the Typhoons being even able to target the F-35.

In an Alaskan Red Flag which is like a TOP GUN SCHOOL that pits USAF Pilots flying this last event the F-22 Raptor against German Eurofighter Typhoons.....in every single engagement the first week when the American Pilots flying the F-22 Raptors against the German Typhoons.....EVERY SINGLE TYPHOON WAS SHOT DOWN IN MOCK LASER DESIGNATOR AIR TO AIR COMABAT!!

So it was decided to just send up a brace...ie...two F-22's against 4 Typhoons....again....all 4 Typhoons were shot down before they ever knew the F-22's were targeting them.

So they increased it to two F-22's vs. six German Typhoons.....again...all six Typhoons were shot down.

Then they increased it to two F-22's vs. eight...8....Typhoons.....all 8 Typhoons shot down.

When it got up to 12 Typoons being shot down by only 2 F-22's the Germans almost went home as it was obvious that there was no chance in HELL Typhoon Eurofighters could compete against F-22's due to their Stealth.

A solution was created that allowed the F-22's to be able to be tracked via an OPEN RADIO SIGNAL that would allow the Typhoons to locate the F-22's and in one engagement an F-22 not operating in Stealth Mode was shot down.

The EUROPEAN PRESS WENT NUTS!!!

Front Page Articles read.....German Typhoons shoot down $200 Million F-22 Raptor!!

Of coursethese Newspaper Articles did not mention how the F-22 had proven itself IMPOSSIBLE TO SHOOT DOWN while operating in full Stealth Mode.

Now the F-35 also has similar Stealth capabilities and as the F-35 is being built as both a STOL...Short Take Off And Landing version as well as a VTOL.....Vertical Tale Off and Landing....similar to but much more stable and advanced then a Harrier.....along with the F-35's Fighter and Attack Capabilities as bombs are carried INTERNALLY in F-35's as well as Air to Air Missiles are carried internally.....the F-35 is without a doubt a much more lethal and capable aircrat then any aircraft made by any nation with the exception of the USAF's F-22 which is so advanced the U.S. Congress FORBIDS it's sale to any Nation.

Another aspect of the F-35 is it's ability to coordinate computerized Air to Air Battle Engagements so that two pilots do NOT fire air to air missiles at the same enemy aircraft.

As well although the F-35 is much more costly than the Typhoon....it is also MUH MORE SURVIVABLE AN AIRCRAFT!!

In the case of Nations like Australia which has very limited assets to purchase Fighter/Attack Aircraft....the ability of the F-35 to shoot and scoot as it can destroy multiple enemy aircraft and be well on it's way back to base without even being detected after launching it's missiles.

Also the USAF has plans to convert some B-1B Bombers to carry HUNDREDS OF AIR TO AIR MISSILES.

In any engagement with say....large numbers of Chinese Fighters or Attack Aircraft.....Aussie F-35's after firing all their missiles at a much larger number of enemy aircraft can with the highly advanced F-35's Avionics and Fire and Control Systems will be able to use it's systems to identify hundreds of enemy aircraft and directly access the Air to Air Missiles carried by incoming American B-1B Bombers and fire them directly from those B-1B's thus 12 Aussie F-35's are capable with the help of Modified American B-1B's of destroying close to 300 ENEMY AIRCRAFT!!!

AboveAlpha

 

Wow!

May I copy and paste this to that other discussion involving the F-35?

May I copy and paste this to my own M. P. as well as to the leader of the Canadian political party that I am a member of?

This needs to be more widely understood by more Canadians, Brits, Israelis and Australians!

 

In a digital world physical gold transferred between countries is not a realistic option if that is what you are suggesting. Backing a currency against a countries real assets is. This has been suggested as the solution for Russia as it is pegged against the dollar and they are no longer using USD but are selling our debt (bonds as reserve currency import/export medium)
China is also set to go to a floating currency and is doing the same.
http://www.zerohedge.com/news/2015-02-14/will-chinas-currency-peg-be-next-fall
This is the same as the Swiss just did with the Euro. Russia coukld instantly kill the dollar by going to an asset based currency.
Paul Craig Roberts Former Assistant Secretary of the Treasury
" “Suppose the Russian government says, ‘Well, since the attack on the ruble is political and you guys are attacking the ruble and causing us so much trouble, we are just not going to pay off the next traunch of our debt that comes due early in 2015.'

Well, the European banking system would collapse because those banks are terribly undercapitalized. Some of them have loans to Russia that almost absorb the entire capital base. So the Russians don’t even have to default. They can just say, ‘We’re not going to pay this year. We will do it later. We’ll do it when the ruble stabilizes.’ (Laughter).

You can understand the impact of such a decision by the Russians on the West. And given all the linkages and the interconnections — when Lehman Brothers went down it had just about as much adverse affect on Europe as it did the United States.

What would come from that? Who knows? There are all kinds of derivatives and credit default swaps everywhere. We know these derivatives now are some multiple of the world’s Gross Domestic Product. And nobody really knows who all the counterparties are. If the European banks start going down, who knows what the impact on this pile of derivatives would be? But the whole Western system is a house of cards. It’s not based on anything other than market manipulation. So it doesn’t take much of a push to knock it down.

The biggest black swan of all, Eric, if the Russians get thoroughly angry, all they have to do is call up the European governments and say, ‘We no longer sell natural gas or any other form of energy to members of NATO.' The consequence would be the utter and total collapse of NATO. Not even a puppet state like Germany is going to let the people freeze to death, let the factories be closed down, and let the unemployment rate hit 40 percent. It’s just not going to happen — it would be the end of NATO.

So whenever the Russians want to destroy NATO, that’s all they have to do. Just call up the puppet Merkel, call up the puppet Hollande, the puppet Cameron, and say, ‘You guys really enjoy being in NATO, well let me tell you what, we no longer sell energy to NATO members.’ That’s the end of NATO and that’s the end of the cover for American power.

That would set off so many black swans. Every banking system would probably collapse because if the German banks are faced with German industry closing down, what the hell is going to happen to the banks? So all the cards are in Putin’s hands. "

 

Technically they could...… but as medical and other high tech equipment improves that may use gold and silver in devices that save lives......… limiting their use primarily to coins would be a terrible waste in comparison to what could be accomplished with it.

 

Gold has been used as money in the past. I still see no explanation offered for why it could not be used as money again.

 

AboveAlpha gave Jeannette a good answer on this:

 

I don't know of anyone who advocates limiting the use of gold or silver exclusively to coins. These metals have other uses.

- - - Updated - - -

Yes, I'm asking why he makes this claim. Why does the fact that there is a finite amount of gold preclude it being used as money? There has always been a finite amount of gold and yet it has been used as money in the past.

 

It's not enough.

The U.S. has a $17.7 Trillion Economy.....and it has about $3 Trillion in actual CASH in circulation....the E.U. has a $15.3 Trillion Economy.....China a $6 Trillion Economy...etc...etc.

The total amount of gold EVER MINED only is worth about a bit over $1 Trillion.

And only about 10% of all that Gold would be available for currency use as the rest is sued in Electronics...etc.

It's simply not possible.

AboveAlpha

 

Go ahead.

You can Google the info I provided and get LINKS as well if you like.

AboveAlpha

 

You are looking at this from a strictly local (national) currency point of view. The world is now interconnected through trade agreements. Look around you. What do you see that is made 100% in the US? To go back to the days where countries used gold and silver was a natural economic equalizing system as when one countries currency became more valuable it bought less gold and silver. Thus why the rich would go to another country and buy up their gold and put it on a ship to the country where their currency was less valuable. Going back to the days when pirates ruled the oceans is not an option.
Take for example Iran. How do you think that they are still prospering after years of US (SWIFT System) sanctions. They launder their trades through Turkey using gold and oil.
"In March 2012, the United States and European Union beefed up their economic sanctions on Iran, shutting Iran out of the global payments network called SWIFT. Also in March 2012, Turkey’s gold exports to Iran doubled from the month before and exploded 37 times over the March 2011 figure.

“Natural gas is the source of almost all electricity in Turkey. I wrote in Apogee Advisory. “More than 90% of Iran’s gas exports go to Turkey. Iran furnishes 18% of Turkey’s natural gas. Without Iran, Turkey would depend almost entirely on a single gas supplier to keep the lights on–Russia. Under the sanctions, Turkey can’t pay for Iranian gas with dollars or euros. So it pays with gold.”

India likewise paid with gold for Iranian oil. Iran could then use the gold to buy food or manufactured goods from Russia and China.

“The United States,” Rickards writes,” had inflicted a currency collapse, hyperinflation, and a bank run and had caused a scarcity of food, gasoline and consumer goods, through the expedient of cutting Iran out of the global payments system.” Gold had become Iran’s lifeline.

By July 2013, the U.S. Treasury had figured that out and so began stepping up enforcement of a ban on gold sales to Iran — “a tacit recognition by the United States that gold is money,” Rickards adds dryly.

With the gold avenue closed off, Iran amped up its transactions in local currencies with banks not subject to the embargo. “Iran could ship oil to India and receive Indian rupees deposited for its account in Indian banks,” Rickards explains by way of example. Inconvenient, to be sure, but it gets the job done.

“Iran also uses Chinese and Russian banks to act as front operations for illegal payments through sanctioned channels,” Rickards writes. “It arranged large hard-currency deposits in Chinese and Russian banks before the sanctions were in place. Those banks then conducted normal hard currency wire transfers through SWIFT for Iran, without disclosing that Iran was the beneficial owner, as required by SWIFT rules.”
http://www.forbes.com/sites/greatsp...old-helped-iran-withstand-u-s-financial-fury/

 

So you're saying it could not be used as money because it's price would be too high? So what?

Let's say that there are 171,300 tonnes of gold. That's 2.643563e+12 grains. Every grain could have a dollar value. What dollar value would be too much, in your opinion? And why?

And remember more plentiful metals like silver and copper could be used for smaller transaction, as has been done in the past as well.

 

No, I'm not looking at it from a strictly local point of view. Gold and silver have been used globally as money in the past. I have not yet been offered an explanation of why they can't be used again.

 

There is a big difference in a gold/silver currency, a gold backed currency and a fiat currency system that is backed by nothing more than confidence that they can pay (debt). Going back to gold/silver coinage is not going to happen but requiring a countries Central Bank (The Federal Reserve) to only "print"
(digitally create) as much as they can back by a real (hard) asset will. Banks have been deregulated to the point where they can leverage large (200 trillion) amounts of mostly currency casino bets. This has a 100% chance of failing as it is set up the same way ever Ponzi Scheme has been set up. With a revaluation of gold and requiring the central banks to abide by it would other faith in a countries ability to pay for what they consume. The rest of the world has grown tired of us giving them worthless paper for their real products and using the international payment system to force this system on them. The party is over folks. Thus the 28 countries that have agreed to ccurrency swaps over the last year and a half. They are based on a real asset that the other country need in real asset form
http://www.zerohedge.com/news/2014-...-chinarussia-complete-currency-swap-agreement
http://theeconomiccollapseblog.com/...-of-dealing-a-massive-blow-to-the-petrodollar

 

Perhaps this will help you understand the issue a bit more deeply. The elites dont want a gold currency. It reins them in and ends the party. The western World bank and IMF would need to fall before it would be possible for any currency to go back to physical gold on a global basis.
"The role of the SDR

The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.

However, only a few years later, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime. In addition, the growth in international capital markets facilitated borrowing by creditworthy governments. Both of these developments lessened the need for SDRs. But more recently, the 2009 SDR allocations totaling SDR 182.6 billion have played a critical role in providing liquidity to the global economic system and supplementing member countries’ official reserves amid the global financial crisis.

The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations."
http://www.imf.org/external/np/exr/facts/sdr.htm

 

I understand that the elites don't want a gold or silver currency. That is why they introduced fiat money. That is not my point, however. My point is that gold and silver have all the attributes necessary to be used as money and could be used as such.

 

This is a very interesting interview of Alister Crooke an economic expert. I will post a few excerpts:

We have a dollar-based financial system, and through instrumentalizing America's position as controller of all dollar transactions, the US has been able to bypass the old tools of diplomacy and the UN -- in order to further its aims. But increasingly, this monopoly over the reserve currency has become the unilateral tool of the United States -- displacing multilateral action at the UN.

The US claims jurisdiction over any dollar-denominated transaction that takes place anywhere in the world. And most business and trading transactions in the world are denominated in dollars. This essentially constitutes the financialization of the global order: The International Order depends more on control by the US Treasury and Federal Reserve than on the UN as before.

When a country is to be isolated, a "scarlet letter" is issued by the US Treasury that asserts that such-and-such bank is somehow suspected of being linked to a terrorist movement -- or of being involved in money laundering. The author of "Treasury's War" [Juan Zarate], who was the chief architect of modern financial warfare and a former senior Treasury and White House official, says this scarlet letter constitutes a more potent bomb than any military weapon.

This system of reliance on dollar hegemony no longer requires American dependency on the UN and hands control to the US Treasury overseen by Steve Cohen -- a reflection of the fact that the military tools have become less available to the US administration, for domestic political reasons...."

But with Ukraine, we have entered a new era: We have a substantial, geostrategic conflict taking place, but it's effectively a geo-financial war between the US and Russia. We have the collapse in the oil prices; we have the currency wars; we have the contrived "shorting" -- selling short -- of the ruble. We have a geo-financial war, and what we are seeing as a consequence of this geo-financial war is that first of all, it has brought about a close alliance between Russia and China.

China understands that Russia constitutes the first domino; if Russia is to fall, China will be next. These two states are together moving to create a parallel financial system, disentangled from the Western financial system. It includes replicating SWIFT [Society for Worldwide Interbank Financial Telecommunication] and creating entities such as the Asian Development Bank. One of the principal tools in the hands of Washington to control the global system was always the International Monetary Fund [IMF].

Nations have to go to the IMF to ask for financial help when in difficulties, but recently it was China -- and not the IMF -- which bailed out Venezuela, Argentina and Russia as their currencies crashed. China became concerned when the ruble crashed on Dec. 16-17, and intervened to halt a run on the currency. The IMF and the World Bank were no longer at the center of the global financial order. They had been displaced by China.

For the first time, too, we see the end of the petro-dollar as a system for recirculating oil revenues to Wall Street. For the first time, it has turned negative: It is sucking liquidity out from Wall Street, not putting it in. The fall in the price of oil has suddenly created huge financial turbulence, which is endangering the global financial system...."

http://russia-insider.com/en/2015/02/04/3126

 

AboveAlpha.... you have been quoted in full along with my original question..... here:

http://www.politicalforum.com/showthread.php?t=380300&page=6&p=1064742437#post1064742437

Is this analysis of the F-35 accurate?