by Jim Willie, Gold Seek:
The USDollar has never been in greater danger for losing its dominant position as global reserve currency and payment standard. Challenges to its supremacy are many and with each passing month, more threats are put in place. While the volumes of trade payment in Chinese RMB grow slowly, and the banking reserves in non-USD bonds grow slowly, the risk for the USDollar to be marginalized has increased significantly in the last two to three years. Basically speaking, a fiat currency run by a corrupt, thieving, and dishonorable hegemonic regime for the sole purpose of exploiting the rest of the world cannot stand the test of time, and will be dismantled. The community of nations gathers momentum and organization with producing an alternative. It has taken time, and will require more time. The scenario is indeed possible of a dual universe has been raised, whereby the West continues under the USD-based system, and the East emerges under a new RMB-based system. However, the Eastern alternative is step by step to emerge with a gold foundation. The USDollar cannot compete with Gold in any way except through continued fraud, intimidation, extortion, and open war. All these topics at high level and ground level are covered with analysis in the Hat Trick Letter.
The fall of the King Dollar Empire is near, as the Global Paradigm Shift proceeds without potential for interruption or much further delay. The galactic decay decline and demise is assured. It has been a brutal final chapter, marred by universal corruption and endless war. It has earned the Empire of Chaos label, for its many color revolutions which mask the brutal hegemony and theft of assets. The fall of the baseless USDollar occurs simultaneously with the rise of the solid Gold foundation. Below are the Top Ten risks to the USDollar, which will end the year 2017 in a significantly weaker position than it started.
1) USFed in QE inflation to monetize USGovt debt *** The central bank operating the USDollar frauds is actually undermining all global banking systems with the hyper monetary inflation. The community of nations cannot permit the rot of their banking reserves from the USFed policy blessed with collusion by the USGovt. The primary purchaser of USGovt debt is derivative machinery, which produces fake demand for the USTreasury Bonds.
2) Asian Infra-Structure Investment Bank (AIIB) threatens IMF/WB dominance *** The standard infiltration of global debt facilitation has been interrupted. No longer are nations compelled to compromise their financial structures by means of debt arranged in USDollar favor, which permit tentacles of control from Washington via the International Monetary Fund and World Bank. Both agency offices are seeing the lights turned off, and even some prosecution for fraud.
3) Cross-Border Inter-Bank Payment System (CIPS) *** The abuse by Washington in using SWIFT as a financial weapon will soon come to an end. The Eastern system CIPS is not only an alternative, but it is also quicker and executed with lower cost. The many sanctions by the USGovt have all backfired.
4) China & Russia energy trade in RMB payment *** As of 2014, in reaction to the Ukraine War and interruption of the Gazprom energy supply network, the two Asian superpowers have built a united front. Instead of damaging Russia, the Americans have enabled the two nations to forge a stronger financial bond, built upon the energy backbone. In doing so, they have essentially killed the Petro-Dollar on the eastern front.
5) Refusal to accept USTBills in trade payment *** The defiant movement grows. Several global corporations (not by any means the majority), have refused the USD in trade payment at ports. They are demanding payment in their native currency, or some other form like Gold. The movement will grow, especially as the energy trade takes the lead.
6) Ukraine War to obstruct Russian trade & supply *** The fascist NeoCons in Washington and Israel have created a Vietnam in Eastern Europe. Almost no obstruction of Russian natural gas will be realized, as alternative routes through Turkey are well along. The sanctions are an economic and political failure. Many EU member nations continue some trade, ignore the sanctions, seek bypass of the rules, and have set up subsidiaries inside Russia. The political repercussions for the fascist EU commissioners in Brussels is nasty and profound. These fascist princes will be put out.
7) Syrian War to obstruct Iranian energy supply *** The annexation of Syria by the United States failed. The links by Shiite factions to Iran are established. Iraq was a US disaster and site of war crimes and wealth pilferage. Syria will fall under Iranian control and with Russian connection to make the energy pipeline complete, but over time. Wars to obstruct economic ties will not succeed, as the mask has been ripped off. Besides, Israeli energy output will join with the Iranian energy output toward the Gazprom pipeline network in a grand irony.
8) Theft of Saudi USTBond Holdings in USDept Treasury ESFund *** The dirty backside to the Petro-Dollar accord struck in 1973 is the placement of a few odd $trillion of Saudi petro surplus reserves at the USGovt offices. It serves as the core to the Exchange Stabilization Fund, which controls many important financial markets. Maybe the Saudis agreed to contribute at least $3 trillion to the Washington scoundrels. Maybe the Saudis were told they would receive the credits later. Expect the $trillions to be stolen, while the Saudis are tossed under the bus. The 9/11 lawsuit bill appears to signal the betrayal.
9) Gulf Arab oil payments in RMB terms *** With each passing event where the Saudis pay visits to kiss the Chinese ring, the time draws near to the agreement to pay for Saudi oil output with RMB currency, bonds, or some form of the Gold Trade Note. That GTN instrument is gradually taking form on the Russian corridor, using the Shanghai outpost. The Saudi-Chinese link will find a way to build the RMB payment channels, centered on oil shipments.
10) USEconomic implosion with Credit Market *** The USGovt debt market is a massive asset bubble of several $trillion. The community of nations is abandoning it, dumping USTreasury Bonds at an alarming rate. They react both to lower oil revenues and to disgust over USGovt policy on trade, finance, and war. The USTBond market depends critically upon bond fraud and derivative controls. Neither can be sustained.
Many are the illicit and precarious risks which surround the unfolding platforms that support the USDollar. The bank derivative machinery cannot be exposed for its fake bond demand, which has been the basis of all supposed bond rallies since 2011. The narcotics money laundering cannot be exposed for its stalwart support to sustain the US and British banking system, whose cutoff would bring huge consequences. The gigantic hidden budgets cannot be exposed for their grand diversion of funds toward secret space programs, secret weapon systems, and secret underground escape facilities. The enormous Chinese and Russian gold reserves cannot be exposed for their potential new foundation for a global monetary system. The foreign powers dumping of USGovt debt in greatly amplified volume cannot be exposed for its immediate threat to the USD foundation. The genocide programs (chemtrails for air, fracking for water, GMO for foods, viruses in vaccines) cannot be exposed for the widespread motive to murder the global population, for which the United States will be labeled the rogue nation, isolated, and possibly quarantined.
The loss of the pipelines for narcotics, drugs, human organs, and sex trafficking would hinder the flows that keep the kitty full of cash. The black budget CIA and Pentagon programs demands would spiral out of control if and when the drug trade pipeline is shut down. Some early steps have been completed in this direction. Secret breakaway society space program budgets might also go out of control for the same reasons. Ending other unspecified programs present further risks, which are largely off-book fronts that cover for huge payoffs necessary at high levels to maintain the economy. China and other huge debt holders can cause a rapid default whenever they want to, as they can make final the default by introducing gold-backed systems with a legitimacy not seen since 1971. They are actually waiting for the US-dominated system to fail on its own weight and decayed structures, so as to avoid blame and a possible nuclear war. No plausible plans exist by global banking institutions to evolve into the future using USD-based platforms in sufficient amounts to prevent their demise. Exposure of the real Fascist United States since WWII as a pariah nation might explain the true reason the rest of the world has not progressed naturally since then. Students must research Operation Paperclip, which after 1945 permitted a significant flow of several hundred Nazis into influential positions within the USGovt, US banks, US businesses, and US programs like NASA. They are the core NeoCons today.
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