China puts a new nail in dollar coffin as it begins direct trade with Singapore
On Oct. 28, Chinese Vice-Premier Zhang Gaoli announced that beginning today; China will commence direct trade with Singapore using their own currencies to facilitate economic transactions. The significance of this move is that this new trade agreement will bypass the dollar and reserve currency, and add another major economy to the growing coalition of Asian and Eurasian nations seeking an end to U.S. hegemony over the global financial system. Singapore is not just another Asian country with little to offer to the world.
In fact, Singapore is currently ranked in the top three in global GDP per capita, and are considered one of the top two economies for domestic and international development, with surveyed opinions labelling Singapore as the easiest place in the world to do business.
While Singapore will continue to have open trade with other nations that use the dollar as their medium for global transactions, this new trade agreement will partner the new number one economy (China) with the top global development economy (Singapore), and create a coalition of nations much larger and stronger than those like Japan who’s ties are firmly with the United States and the West. Full story
Dollar Devaluation; Russia & China divesting from the dollar
Maybe that is why China’s reserves dropped for the first time. So while the Rouble is taking a hit in the short-term timelines, it will regain its strength in the longer-term timelines and watch how fast the dollar drops when the majority of nations start conducting business in other currencies. The speed at which countries are abandoning the dollar is remarkable, ten years ago this would have been unthinkable, today it is a reality. Given this trajectory it’s just a matter of time before the critical point is hit; the key juncture is when 51% of all transactions are conducted in the Yuan.
China splits Asian loyalties with new institution to compete with World Bank
In the global proxy war for economic domination, most eyes have been focused on Europe and the West as economic sanctions in 2014 have been primarily fixated against Russia. But on Oct. 24, China added a new wrinkle to this economic Cold War by signing a Memorandum of Understanding with 21 nations to form the Asian Infrastructure Investment Bank (AIIB), which will compete directly with the U.S. dominated World Bank.
This new AAIB is the brainchild of a collaboration between China and India and is bringing on board nearly two dozen Asian economies that wish to function autonomously outside of Western hegemony. And perhaps not ironically, the only major states which chose not to join in this coalition all reside as allies with America, and were likely to have been pressured by the U.S. to abstain from signing this agreement, and legitimize their current loyalties to the dollar and the Western-backed global banking system. Full story
Another move to bypass the US-controlled banking system. In time South Korea will have to join as will Australia, for China will be the new boss and just like the US is pressurising both nations not to join this coalition, China will push in the opposite direction. In the end, the one with the bigger purse will win. It’s just a matter of when not If before Australia, Japan, South Korea, etc. are forced to accept the new reality. Note though the US does not ask for help as it forces the nations it helps to do as it bids; bullies are always taken down. Dollar Devaluation is already a reality. The dollar’s purchasing power is a fraction of what it was
Dollar devaluation for the last century
This video illustrates how central bankers have been on a relentless mission to devalue the dollar enrichen the elite
In the wake of U.S. bombing, Syria invites Russia to join their new Economic Zone
As the U.S. continues to fund Syrian rebels, and instigate bombing raids under the auspices of battling ISIS, on Oct. 24 the Syrian government reached over to their economic and military partner Russia to apply to join the new Eurasian Economic Zone, and move more solidly into the Eastern camp for trade and future energy agreements.
The Eurasian Economic Union, or trade zone, was established in May of this year with the intent of creating a new free trade union where nations could come together and conduct economic transactions and agreements without the need to go through the dollar, or other fee-based platforms like SWIFT. Additionally, the new economic union will one of the many free trade zones created along the new Silk Road highway that is currently under construction and is expected to run from Pusan, South Korea all the way across Central Asia and into Great Britain. Full Story
This deal ensures that Russia will not stop providing support to Syria. However, the Zionists and Neocons will do all they can to attack Russia indirectly. The assumption will be that Russia will not respond. However, Putin will most likely deliver a devastating response that will shock these Zionists and neo-cons and allow the world for the first time to see how Russia has been the only nation that has resisted these evil warmongers.
Hungary Tells Banksters To Get The F*&%^ Out Of Their Country
Hungary is making a history of the first order. Not since the 1930s in Germany has a major European country dared to escape from the clutches of the Rothschild-controlled international banking cartels. This is stupendous news that should encourage nationalist patriots worldwide to increase the fight for freedom from financial tyranny.
Already in 2011, Hungarian Prime Minister Viktor Orbán promised to serve justice on his socialist predecessors, who sold the nation’s people into unending debt slavery under the lash of the International Monetary Fund (IMF) and the terrorist state of Israel. Those earlier administrations were riddled with Israelis in high places, to the fury of the masses, who finally elected Orbán’s Fidesz party in response.
According to a report on the German-language website “National Journal,” Orbán has now moved to unseat the usurers from their throne. The popular, nationalistic prime minister told the IMF that Hungary neither wants nor needs further “assistance “from that proxy of the Rothschild-owned Federal Reserve Bank. No longer will Hungarians be forced to pay usurious interest to private, unaccountable central bankers.
Instead, the Hungarian government has assumed sovereignty over its own currency and now issues money debt-free, as it is needed. The results have been nothing short of remarkable. The nation’s economy, formerly staggering under deep indebtedness, has recovered rapidly and by means not seen since National Socialist Germany.
The Hungarian Economic Ministry
announced that it has, thanks to a “disciplined budget policy,” repaid on August 12, 2013, the remaining €2.2B owed to the IMF—well before the March 2014 due date. Orbán declared: “Hungary enjoys the trust of investors,” by which is not meant the IMF, the Fed or any other tentacle of the Rothschild financial empire. Rather, he was referring to investors who produce something in Hungary for Hungarians and cause true economic growth. This is not the “paper prosperity” of plutocratic pirates, but the sort of production that actually employs people and improves their lives.
With Hungary now free from the shackles of servitude to debt slavers, it is no wonder that the president of the Hungarian central bank, operated by the government for the public welfare and not private enrichment, has demanded that the IMF close its offices in that ancient European land. In addition, the state attorney general, echoing Iceland’s efforts, has brought charges against the last three previous prime ministers because of the criminal amount of debt into which they plunged the nation.
The only step remaining, which would completely destroy the power of the banksters in Hungary, is for that country to implement a barter system for foreign exchange, as existed in Germany under the National Socialists and exists today in the Brazil, Russia, India, China and South Africa, or BRICS, international economic coalition. And if the United States would follow the lead of Hungary, Americans could be freed from the usurers’ tyranny and likewise, hope for a return to peaceful prosperity. Full story
Can this be true? Russia kicked out the Rothschilds NWO in 2006
WHEN PUTIN WAS ELECTED PRESIDENT of Russia in 2000, Russia was bankrupt. The nation owed $16.6 billion to the Rothschild-run International Monetary Fund while its foreign debt to the Rothschild-controlled Paris & London Club Of Creditors was over 36 billion dollars. But Putin took advantage of the current boom in world oil prices by redirecting a portion of the profits of Russia’s largest oil producer Gazprom so as to pay off the country’s debt. The continual surge in oil prices greatly accelerated Russia’s capacity to restore financial sovereignty.
By 2006 Putin had paid off Russia’s debt to the Rothschilds. Russia’s financial dependence on the Jewish financiers was now over. Putin could then establish what became his Russian Unity Party’s 2007 campaign slogan: Putin’s Plan Means Victory For Russia! This slogan continues to make the New World Order very nervous Full story.
It could be true that Putin threw every evil Zionist banker out of Russia and then went to throw out corrupt Zionists players who had purchased (more like robbed) many of Russia’s assets when the Soviet Union Collapsed. However, this clan of warmongers did not anticipate dealing with such a smart man as Putin. They continue to challenge him, but Putin refuses to relent.
Putin: Obama “Idiot” For Adopting Socialism
Russian Prime Minister Vladimir Putin has warned the Obama administration against adopting further socialism, saying Russian history clearly proves it is a recipe for failure.
“Any fourth-grade history student knows socialism has failed in every country, at every time in history,” said Putin. “President Obama and his fellow Democrats are either idiots or deliberately trying to destroy their economy.”
Economists say Putin’s comments serve to illustrate how worldwide markets have made even economic adversaries dependent on each other’s financial stability.
An Obama spokesman dismissed Putin’s claim, saying, “We’re going to do socialism better. Full story
I beg your pardon, but I thought we were supposed to be capitalists; oh that’s right America was once a capitalist nation, now it’s more like a state-controlled prison.
Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong
Unlike the US and several countries in the eurozone, Iceland allowed its banking system to fail in the global economic downturn and put the burden on the industry’s creditors rather than taxpayers. The rebound continues to wow officials, including International Monetary Fund chief Christine Lagarde, who recently referred to the Icelandic recovery as “impressive”. And experts continue to reiterate that European officials should look to Iceland for lessons regarding austerity measures and similar issues.
Barry Ritholtz noted last year:
Rather than bailout the banks — Iceland could not have done so even if they wanted to — they guaranteed deposits (the way our FDIC does), and let the normal capitalistic process of failure run its course. They are now much much better for it than the countries like the US and Ireland who did not.
Bloomberg pointed out February 2011:
Unlike other nations, including the U.S. and Ireland, which injected billions of dollars of capital into their financial institutions to keep them afloat, Iceland placed its biggest lenders in receivership. It chose not to protect creditors of the country’s banks, whose assets had ballooned to $209 billion, 11 times gross domestic product. .Full Story
When the financial crisis struck, we openly stated that the best thing to do would be to allow those bad banks to go bust and pay the price for the chaos they caused. It is the Zionist bankers that pushed for the bailout and as the government is controlled by a vast number of Zionists (Zionist/Neocon thieves entirely run federal reserve) they pushed for the bailout. If they had let those scoundrels pay the price, America would be in much better shape today. The money could have been used to upgrade infrastructure, provide training to Americans who were willing to work to play and so.
The bailout of 2008 was nothing but Dollar devaluation in disguise
The money should have used to help the people and not the thieves who caused this problem. Instead, the money was given to piranhas whose only function is to suck the blood out of normal decent, hard-working individuals. Hungary and Russia have both done away with the Zionist bankers. Putin was extremely aggressive in this area, and that is why the Zionist and Neo-Con controlled media is attacking him. He threw these blood-sucking parasites out and as a result cut a large part of their food supply. He is now getting rid of all the Zionist-controlled media and Zionist oligarchs.
China is another country that has been actively getting rid of these bloodsuckers, and this is why it is also under attack. The so-called BS revolution in Hong Kong is part of the Zionist and Neocon sponsored agenda to create instability in this area. All you have to do is follow the money and read a bit, and you will find out that the US media purports to call news is worse than sewage; at least sewage has some potential use (if recycled).