Category: Economy

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Russia And China Officially Announce A “New Global Reserve Currency”

2020 headline, just months before Russia’s invasion of Ukraine

Russia And China Officially Announce A “New Global Reserve Currency”

And once again, as happens often with consequential news in the United States and the West, no one has noticed and no one seems to care.

July 22, 2022 | By Quoth the Raven | QTR’s Fringe Finance

If you’ve blinked over the last month, you may have missed it…

China and Russia are taking their shot at the U.S. dollar. And as often happens with consequential news in the United States and the West, no one seems to notice or even care.

Since the beginning of the year, I have been writing about the possibility of Russia and China challenging the US dollar’s global reserve status. Now, it’s happening.

 

It shouldn’t be any surprise to those paying attention that Russia and China are strengthening their economic ties amidst continued Western sanctions on Russia as a result of the country’s war in Ukraine.

What may surprise some people, however, is that Russia and the BRICS countries, including Brazil, Russia, India, China, and South Africa, are officially working on their own “new global reserve currency,” RT reported in late June. Nobody even seemed to notice.

“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” Vladimir Putin said at the BRICS business forum last month.

And of course, as Russia has been cut off from the SWIFT system, it is also pairing with China and the BRIC nations to develop “reliable alternative mechanisms for international payments” in order to “cut reliance on the Western financial system.”

In the meantime, Russia is also taking other steps to strengthen the alliance between BRIC nations, including re-routing trade to China and India, according to CNN:

President Vladimir Putin said Wednesday that Russia is rerouting trade to “reliable international partners” such as Brazil, India, China and South Africa as the West attempts to sever economic ties.

“We are actively engaged in reorienting our trade flows and foreign economic contacts towards reliable international partners, primarily the BRICS countries,” Putin said in his opening video address to the participants of the virtual BRICS Summit.

In fact, “trade between Russia and the BRICS countries increased by 38% and reached $45 billion in the first three months of the year” this year, the report says. Meanwhile, Russian crude sales to China have hit record numbers during Spring of this year, edging out Saudi Arabia as China’s primary oil supplier.

“Together with BRICS partners, we are developing reliable alternative mechanisms for international settlements,” Putin said.

China is buying more Russian oil than ever, but that doesn't mean that Putin has total loyalty | Fortune

 

Putin continued, stating last month: “Contacts between Russian business circles and the business community of the BRICS countries have intensified. For example, negotiations are underway to open Indian chain stores in Russia [and to] increase the share of Chinese cars, equipment and hardware on our market.”

In June, Putin also accused the West of ignoring”the basic principles of [the] market economy” such as free trade. “It undermines business interests on a global scale, negatively affecting the wellbeing of people, in effect, of all countries,” he said.

President Xi echoed Putin’s sentiments, according to a June writeup by Bloomberg:

“Politicizing, instrumentalizing and weaponizing the world economy using a dominant position in the global financial system to wantonly impose sanctions would only hurt others as well as hurting oneself, leaving people around the world suffering. Those who obsess with a position of strength, expand their military alliance, and seek their own security at the expense of others will only fall into a security conundrum.”

The developments obviously further my long held belief that a gold backed global reserve currency is on its way – something I have been writing about for months.

I’m also stunned that nobody seems to care that arguably the largest shift on the global macroeconomic playing field over the last half century may be taking place.

Sure, under the context of the conflict in Ukraine, the news may seem “par for the course” of sorts, which may result in the media and the financial world downplaying it. But put this piece of information out there on its own, without context – that there is a coordinated global challenge taking place to the U.S. dollar – and it would be the biggest news story in decades. Imagine if China and Russia just dropped this out of nowhere? Now, remember that both countries have been working on, and preparing for, this situation for years.

I mean, holy hell, look at Russia’s Treasury holdings as far back as 2018:

Russia's dollar reserves likely shifted to swaps after it dumped Treasuries

As I’ve noted before, Russia was also increasing its holdings of gold over the same period:

 

Link To Read Full Article Here

 

 

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Presenting America’s Real Coup d’Etat [MORN_01]

Presenting America’s Real Coup d’Etat [MORN_01]

July 18, 2022 | By John Titus | BestEvidence | Video

 

“Presenting America’s Real Coup d’Etat” bats leadoff in this about-10-part series, “Murder of a Rebel Nation” (MORN), which will document the actual, done-deal takeover of the U.S. by corporate criminals over a decade ago. While the moving parts and pieces needed to effect that coup have been shifting into place for a very long time, the fulcrum event that irreversibly flipped the U.S. over the wrong side of the prison wall into the land mass of full-blown criminality was the TARP bailout in October 2008, as we shall see in future episodes. One month after that watershed event, Barack Obama was elected as the 44th President of the United States—a purely titular office by the time he took up residence in the White House three months later. In this introductory episode, we consider why Obama would get on national TV and tell lies about why he and his administration had not prosecuted and would not ever prosecute any major Wall Street banks or executives despite the uncontested fact—established repeatedly by his own top law enforcers—that serious crime was quite common if not endemic throughout Wall Street in the run-up to the global financial crisis.

The answer, as we suggest in this episode and will establish beyond all doubt in coming episodes, is that Wall Street effected a coup d’etat in 2008, coinciding with the passage of the Troubled Asset Relief Program (TARP) bailout just one month before Barack Obama was elected. For Wall Street, the fruit of its coup—indeed the fruit of any successful coup—is criminal immunity, possession of which by Wall Street was amply demonstrated throughout Obama’s first term. Insofar as Barack Obama was concerned, therefore, the coup meant this: he was subordinate to Wall Street, and his job was to do Wall Street’s bidding. Which is exactly what that shameful TV appearance was all about. (Indeed that’s been the job of every president since the 2008 coup, though it’s arguable, albeit weakly, that not all Oval Office occupiers got the memo.)

In later episodes, once we’ve proved that a coup took place—which by definition means that the rule of law is dead in the U.S.—we examine the post-coup power structure in the U.S. and identify the single criminal enterprise that rules over the rest. The result will surprise no one who’s viewed this channel with any regularity. All episodes in the “Murder of a Rebel Nation” will appear in the newly created MORN playlist.

—————————————— WARNING  Viewers who believe that a coup d’etat occasions saturation TV news coverage of pretend Vikings stealing office furniture from government buildings are urged to turn around and follow the signs labeled “KIDDIE POOL” until you are safely out of viewing distance, because presently you are at risk of traversing water that is WAY over your head. Management must warn you that the onslaught of facts, legal analysis and logic otherwise facing you has been clinically proven to violently terminate Happy Time inside brain matter that’s been scrubbed down to the stem by years of TV watching. So run along now, go back to sleep in front of your television and await further instructions. Thank you. ——————————————

Link To_Video

 

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Representative proposes a new “congressional stupidity alert system”

Representative proposes a new “congressional stupidity alert system”

 

Texas Representative Chip Roy provides an honest assessment of federal overreach and wasteful spending that characterizes the current state of government action and inaction, that is harming Americans.

Rep. Roy points out that Constitutional jurisdiction regarding local decisions resides at the State level, not in federal agencies or dictated by bureaucrats in Washington.  -JD

 

 

July 13, 2022 |  Representative Chip Roy

“…Texas has an alert system. States have an alert system. That’s where this properly resides. That’s where the police power resides, in the States. In fact, the chairman of the Judiciary Committee even acknowledged this reality, that well ok, States have this, but here’s a federal program we’re gonna create with two million dollars you can use it if you want.

This is another example of Washington creating another department, another position, spending more money that we don’t have, in order to have a policy objective of continuing to advance fear among the American People.

Remember the covid alerts? How many alerts do we need on our phone to create fear in the minds of the American People? Right? Allow the States to make a decision about when there is something that is meritorious, whether it’s a tornado alert, whether it’s an Amber alert, but allow the local jurisdictions to make that decision.

Not bureaucrats in Washington.

That’s the reality but I think it would probably be a more advantageous use of our time to develop a Congressional stupidity alert system. Or a congressional harm alert system.

I mean, we do it every single day. That’s what this body is actually engaged in on a regular basis. Harming the American people through either non-action or action…”

 

Link To Video

 

 

 

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What Is The “Council For Inclusive Capitalism?” It’s The New World Order

 

What Is The “Council For Inclusive Capitalism?” It’s The New World Order

 

July 14, 2022 | By Brandon Smith | alt-market.us

The idea that there is an agenda for global government among the financial and political elites of the world has long been called a “conspiracy theory” within the mainstream and the establishment media. And sadly, even when you can convince people to look at and accept the evidence that banking institutions and certain politicians work together for their own purposes, many folks will STILL not entertain the notion that the ultimate goal of these power mongers is one-world empire. They just can’t wrap their heads around such a thing.

 

People will say that the establishment is driven by greed alone and that their associations are fragile and based only on individual self interest. They will say that crisis events and shifts in social and political trends are random, not the product of deliberate engineering. They will say that elitists will never be able to work together because they are too narcissistic, etc.

 

All of these arguments are a coping mechanism for the public to deal with evidence they cannot otherwise refute. When the facts become concrete and the powers-that-be admit to their schemes openly, some people will revert to confused denial. They don’t want to believe that organized evil on such a scale could actually be real. If it did, then everything they thought they knew about the world might be wrong.

 

For many years the agenda for global governance was only whispered about within elitist circles, but every once in a while one of them would speak aloud in public about it. Perhaps out of arrogance or perhaps because they felt the time was right to ease the populace into accepting the possibility. Whenever they did mention it, they called it the “New World Order.” World leaders from George HW Bush to Barack Obama to Joe Biden to Gordon Brown to Tony Blair and beyond have all given speeches talking about the “New World Order.” Money and political elites like George Soros and Henry Kissinger have mentioned the NWO incessantly over the years.

 

One of the most revealing quotes on the agenda comes from Clinton Administration Deputy Secretary of State Strobe Talbot, who stated in Time magazine that:

 

“In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority… National sovereignty wasn’t such a great idea after all.”

 

He adds in the same article a lesser known quote:

 

“…The free world formed multilateral financial institutions that depend on member states’ willingness to give up a degree of sovereignty. The International Monetary Fund can virtually dictate fiscal policies, even including how much tax a government should levy on its citizens. The General Agreement on Tariffs and Trade regulates how much duty a nation can charge on imports. These organizations can be seen as the protoministries of trade, finance and development for a united world.”

 

To understand how the agenda works, I offer a quote from globalist and Council on Foreign Relations member Richard Gardner in an article in Foreign Affairs Magazine in 1974 titled ‘The Hard Road To World Order’:

 

“In short, the “house of world order” will have to be built from the bottom up rather than from the top down. It will look like a great “booming, buzzing confusion,” to use William James’ famous description of reality, but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault.”

 

The “NWO” has since changed names multiple times as the public grows increasingly wise to the conspiracy. It’s been called the Multilateral World Order, the 4th Industrial Revolution, the “Great Reset,” etc. The names change but the meaning is always the same.

 

In the past two years in the face of extensive global crisis events the “new order” establishment globalists have been talking about has arrived, and with almost no fanfare or mention in the mainstream media. The beginnings of global government already exist, and it’s called the “Council For Inclusive Capitalism.”

 

Lately, many analysts myself included have been highly focused on the World Economic Forum and their role in the global government agenda. Mainly because WEF head Klaus Schwab is such a loudmouth and he can’t help but talk about future plans for centralization.

 

As I have noted in past articles, the elites within the WEF got way too excited about the covid pandemic, thinking that they had the perfect crisis to implement numerous globalist policies in the form of the Great Reset. As it turned out, covid was nowhere near as deadly as they initially predicted during Event 201, and the public was not as submissive and compliant as they had hoped we would be. The WEF let the cat out of the bag too soon.

 

So, onward we go, with crisis after crisis like dominoes falling until we get to the one event that they think will drive the masses to accept world governance. And while the WEF is regularly attended by top level globalists, they are more of a high level think-tank, the Council for Inclusive Capitalism appears to be about implementation rather than theory.

 

The founder of the group is Lynn Forester de Rothschild, member of the infamous Rothschild Dynasty that has long been monetarily involved in influencing governments for generations. Pope Francis and the Vatican publicly aligned with the council in 2020, and one of the primary narratives of the CIC is that all religions must unite with the leaders of capital to build a society and an economy that is “fair for all.”

 

This mission statement is rather familiar, as it echoes the goals of the WEF and its concept of the “Shared Economy”: A system in which you will own nothing, have no privacy, borrow everything, be completely reliant on the government for your survival and you will “like it.”

 

In other words, the purpose of “inclusive capitalism” is to con the masses into accepting a rebranded version of communism. The promise will be that you won’t have to worry anymore about your economic future, but the cost will be your freedom.

 

Link To Video

 

Link To Read Full Article Here