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The bell tolls for fiat

July 16, 2023

The bell tolls for fiat

The importance of Russia’s announcement that a new gold-backed trade currency is on the BRICS meeting agenda for August 22—24 in Johannesburg seems to have gone completely over everyone’s heads, with mainstream media not even reporting it. 

This is a mistake. China and Russia know that if they are to succeed in removing the dollar from their sphere of influence, they have to come up with a better alternative. They also know they have to consolidate their trade partners into a formidable bloc, so plans are afoot to consolidate BRICS, the Shanghai Cooperation Organisation, and the Eurasian Economic Union along with those nations who wish to join in. It will be a super-group embracing most of Asia (including the Middle East), Africa, and Latin America.

The groundwork for the new currency has been laid by Sergei Glazyev and is considerably more advanced than generally realised.

This article explains why Russia and China are now prepared to fully back Glazyev’s expanded project. For Russia, it is also now imperative to destabilise the dollar as a deliberate escalation of the financial war against America and NATO. China’s priority is no longer to protect her export trade, but to ensure that her African and Latin American suppliers are not destabilised by higher dollar interest rates.

Introduction

“The BRICS’s introduction of a gold-backed currency, which is supported by 41 countries with large and influential economies, will weaken the dollar and the euro and will benefit countries such as Iran, while Iranians in possession of gold will experience a wealth increase,” Mousavi added [the head of the South Asia Department at Iran’s Foreign Ministry]. The Russian government confirmed a day earlier that Brazil, Russia, India, China, and South Africa would introduce a new trading currency backed by gold. 

…click on the above link to read the rest…

Armenia Heats Up as the Proxy War Continues

April 25, 2018

Armenia Heats Up as the Proxy War Continues

Armenia is an important part Russia’s long-term plans.  A member of the Eurasian Economic Union Armenia is key to protecting Russia’s southern flank.

So, I was not shocked back in 2016 when the disputed region of Nagorno-Karabakh was activated by the U.S. after a brief visit by then Secretary of State John Kerry as punishment for Russia’s intervention into Syria.

Nagorno-Karabakh had been peaceful for more than twenty years before Kerry’s visit.  And within days, fighting broke out on the Azeri side of the region which lies between the two countries.

So, color me not shocked that as the Neoconservatives take control of the Trump White House that they activate a color revolution in Armenia while simultaneously pushing Russia in Ukraine, Syria, the U.K., the financial markets and seemingly everywhere else at the same time.

The story at Zerohedge this morning gives us the political picture, former president Serzh Sargsyan, was elected as Prime Minister creating the facade of a transfer of power.  This sparked protests which grew to a point where Sargsyan had to resign.

Color Revolutions created by western NGOs stoke mild opposition to a sitting government and turns it into a lynch mob by escalating the violence in the streets.

Why would Armenians now begin trashing Turkish stores in Aleppo (that’s right in Syria) over an internal Armenian political matter?

Because it’ll give Turkish President Erdogan an excuse to finish the Armenian genocide (which Erdogan and Israel refuse to acknowledge happened) his predecessors started a hundred years ago.

And the hope is that this provocation will drive a wedge between Turkey and Russia at a time when everyone’s nerves are frayed to the point of breaking.

Turkey announces over the weekend it is repatriating all of its gold from the Federal Reserve vaults in New York.

…click on the above link to read the rest of the article…

Vladimir Putin Proposes “Eurasian” Currency Union

March 21, 2015

Vladimir Putin Proposes “Eurasian” Currency Union

While the distraction that is the stock market continues to enthrall most Americans, the big shots in the global monetary which for now are taking place behind the scenes, are getting ever louder. Several recent cases in point:

One person who is paying attention to the failure of the US to grasp that the unipolar world of the 1980s is long gone, is Russia’s Vladimir Putin, who earlier today proposed creating a “Eurasian” currency union which would have Belarus and Kazakhstan as its first members, which already are Russia’s partners in a political and economic union made up of former Soviet republics.

As Telegraph reports, Putin made his proposal at a meeting with the Belarussian and Kazakh presidents which highlighted the challenges facing the Russian-led Eurasian Economic Union following the fall in global oil prices and the decline of the Russian rouble.

“The time has come to start thinking about forming a currency union,” Mr Putin said after the talks in the Kazakh capital Astana with Belarussian President Alexander Lukashenko and Kazakh President Nursultan Nazarbayev.

Not surprising, considering both Belarus and Kazakhstan have spent a lot of time in the past year alternatively devaluing, and scrambling to prop up their currency.

 

…click on the above link to read the rest of the article…

Greece Begins The Great Pivot Toward Russia

January 27, 2015

Greece Begins The Great Pivot Toward Russia

Ten days ago, before the smashing success of Greece’s anti-austerity party, Syriza, we noted that Russia gave Greece a modest proposal: turn your back on Europe, whom you despise so much anyway, and we will assist your farmers by lifting the food import ban.

And, sure enough, Greece’s new premier Tsipras did hint with his initial actions that Greece may indeed pivot quite aggressively away from Europe and toward Russia in general and the Eurasian Economic Union in particular (as a tangent recall “Russia’s “Startling” Proposal To Europe: Dump The US, Join The Eurasian Economic Union“).

Today we got further evidence that Tsipras will substantially realign his country’s national interest away from the west and toward… the east.

First, as Reuters reported, today the new premier halted the “blue light special” liquidation of Greece to those highest bidders who have the closest access to various printing presses and stopped the privatization of Greece’s biggest port on Tuesday, “signaling he aims to stick to election pledges despite warning shots from the euro zone and financial markets.”

One of the first decisions announced by the new government was stopping the planned sale of a 67 percent stake in the Piraeus Port Authority, agreed under its international bailout deal for which China’s Cosco Group and four other suitors had been shortlisted.

“The Cosco deal will be reviewed to the benefit of the Greek people,” Thodoris Dritsas, the deputy minister in charge of the shipping portfolio, told Reuters.

…click on the above link to read the rest of the article…

 

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