Russias Petro-Ruble Challenges US Dollar Hegemony http://www.globalresearch.ca/russia...a-seeks-development-of-eurasian-trade/5377086 Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners no longer in dollars see Voice of Russia Russias trade in hydrocarbons amounts to about a trillion dollars per year. Other countries, especially the BRICS and BRCIS-associates (BRICSA) may soon follow suit and join forces with Russia, abandoning the petro-dollar as trading unit for oil and gas. This could amount to tens of trillions in loss for demand of petro-dollars per year (US GDP about 17 trillion dollars December 2013) leaving an important dent in the US economy would be an understatement. Added to this is the declaration today by Russias Press TV China will re-open the old Silk Road as a new trading route linking Germany, Russia and China, allowing to connect and develop new markets along the road, especially in Central Asia, where this new project will bring economic and political stability, and in Western China provinces,where New Areas of development will be created. The first one will be the Lanzhou New Area in Chinas Northwestern Gansu Province, one of Chinas poorest regions. Curiously, western media have so far been oblivious to both events. It seems like a desire to extend the falsehood of western illusion and arrogance as long as the silence will bear. Germany, the economic driver of Europe the worlds fourth largest economy (US$ 3.6 trillion GDP) on the western end of the new trading axis, will be like a giant magnet, attracting other European trading partners of Germanys to the New Silk Road. What looks like a future gain for Russia and China, also bringing about security and stability, would be a lethal loss for Washington. In addition, the BRICS are preparing to launch a new currency composed by a basket of their local currencies to be used for international trading, as well as for a new reserve currency, replacing the rather worthless debt ridden dollar a welcome feat for the world. Along with the new BRICS(A) currency will come a new international payment settlement system, replacing the SWIFT and IBAN exchanges, thereby breaking the hegemony of the infamous privately owned currency and gold manipulator, the Bank for International Settlement (BIS) in Basle, Switzerland also called the central bank of all central banks. To be sure the BIS is a privately owned for profit institution, was created in the early 1930s, in the midst of the big economic melt-down of the 20th Century. The BIS was formed precisely for that purpose to control the worlds monetary system, along with the also privately owned FED and the Wall Street Banksters the epitome of private unregulated ownership. The BIS is known to hold at least half a dozen secret meetings per year, attended by the worlds elite, deciding the fate of countries and entire populations. Their demise would be another welcome new development. As the new trading road and monetary system will take hold, other countries and nations, so far in the claws of US dependence, will flock to the new system, gradually isolating Washingtons military industrial economy (sic) and its NATO killing machine. This Economic Sea Change may bring the empire to its knees, without spilling a drop of blood. An area of new hope for justice and more equality, a rebirth of sovereign states, may dawn and turn the spiral of darkness into a spiral of light.
I bet THEY collapse first. They don't have NEAR the stockpile of REAL wealth that the US has, nor the number of hardworking brains.
Well fukc! Just what we need . . . our economic enemies doing intelligent things while here we set with a socialist/Marxist Clown Prince in the Oval Office fondling his phone and his tiny little pen. That gives this an absolute minimum of two and a half years to get up and off the ground and running wide full open while we do absolutely nothing to strengthen our economic hand ANYWHERE around the globe. When Obama is inevitably replaced by a GOP president in 2016 it may be impossible at that point for us to make much headway countering this since by then everything will have been sewn up overseas. Ah well . . . we all knew that the U.S. would not remain an economic super power forever; but who knew that the fall would begin on Mr. "Hope and Change!"'s Well, truth to tell I predicted that way back in 2008. Sigh . . . and so it goes.
I don't consider them enemies. They may even treat the U.S. peoples well after the Washington regime collapses. China is my hobby and if I were a Chinese official, I would see the general U.S. people as victims of their corporate and government leaders, not as enemies.
Ah but note, I called them economic enemies, and that's not the same as enemies who secretly want to shove a hydrogen bomb up one's national pooper.
I don't think China thinks of the rest of the world as economic enemies, except insomuch as the U.S. itself is belligerent. China is most concerned about it's own internal peace and stability, that is what the character 和 in it's name means.
It's not a curious fact to me –– our corporate media act as propaganda machines, towing the government line. They don't report reality so much as try to shape it in order to suit an agenda shared by the business world and the government, the latter being thoroughly under the thumb of the former. The US regime has gone full Big Brother.
India was once considered a "rival" of China by U.S. analysts, but China now seeks union with India. "Economic enemy" is a pathological U.S. concept. Other countries seek prosperity and stability.
Oh my God you actually BELIEVE the inscrutable Orient nonsense! As far as their citizens go they are all just human beings but as far as their leaders go they are hyper aggressive, double-dealing, and totally evil and unscrupulous buggers just like almost every last one of our national level politicians. That's reality. Refusing to believe that is also why leftwingers ALWAYS lead with their own nation's chin in these things. Now I wouldn't mind except that the rest of us are attached to that exposed projection.
That is not what history bears out. Chinese and now Russian politics are somewhat more successful in keeping out pathological types, if not in the least because they actually try. Mao was replaced by Deng and Chinese government has always made more effort to care for it's people then that of the U.S.
Sorry for the brief delay as your reply caused me to spew tea over my monitor screen. You are calling one of the most egregious evils -- just short of mass executions -- perpetrated against a nation's own citizenry 'The Cultural Revolution' under Mao as being (as an example of rogue leaders) more successful than the United States of America at keeping the pathological types out of ruling control when they had to wait until he was almost on death's door to replace him by someone somewhat more sane? So . . . which Republican or Democratic President pray tell committed anything remotely similar against the citizens of the United States of America? Then leftwingers want to know WHY they are seldom considered any good at -- oh -- foreign policy or international competition or . . . governing. Sheesh!
No, I didn't say that. You said that. Mao and the rest of the party were at odds. The current government is not Mao's government or a continuation of it.
You as good as said it. So tell us more about how superior rulers and leaders in other nations are to the average national level politician in the United States. I mean I think most of ours are crap as well, but unlike you I also KNOW that most of theirs are also variations of evil pieces of feces. Psssssst . . . because that's the nature of people who would be rulers and who WANT to tell other people how to live.
Details? A crisis of confidence in the USD could easily wipe it out. It's paper, after all. Its value is a matter of perception.
The Chinese party attempts to gather talent to it's higher levels, and sometimes goes so as far as to execute corrupt persons, in it's own party, and even bankers.
Yeah . . . and if the U.S. were to do something like that -- execute corrupt persons, in its RULING party, and even bankers -- our leftwingers would go utterly insane. So you are for totalitarian governments? That's cool. As for the attempts to gather talent to its higher levels, said attempts amount to how loyal the person is to the regime and not how competent he or she is . . . at least as likely as not, since all you get from them is propaganda blurbs, which gormless leftwingers automatically take as gospel.
China has a certain several thousand year old experience with sycophants and dealing with them. Maybe you should read some. http://www2.iath.virginia.edu/saxon...d2.46&toc.depth=1&toc.id=0&doc.lang=bilingual
Oh I have read enough here and there and now and then to hold my own in this discussion at the current depth we are paddling over. But here and now I have to pause this silliness to get some things done in the real world. Meanwhile I wish you the comfort of your illusions regarding what you think are the inherently superior abilities, culture, and outlook of deliciously exotic nations -- which is actually a form of cultural bigotry. Meh, but then again everyone needs a hobby.