Russia-n SWIFT, BRICS Bank, China defends ruble: Revolt has begun.
Independence from West’s global financial slavery, blackmail at hand
Submitted by IWB, on December 28th, 2014
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Central Bank of Russia has launched new SWIFT payment service,
moving away from USD Western financial dominance..IN OPERATION NOW
The Central Bank of Russia (CBR) has launched a new SWIFT-style payment service aimed at moving
away from Western financial dominance. The system is already operating, and
will be fully functional within six months.
“The new service was launched in order to ensure smooth and safe
transmission of financial messaging within the country, and is another step
towards improving the system of services provided by the
Bank of Russia,” said the bank statement Friday.
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The regulator said the new service will allow credit institutions to
transmit messages in a SWIFT format through CBR to all Russia’s regions
without restrictions.
http://www.rt.com/business/217803-cbr-swift-alternative-system/
China Offers Russia Ruble Help
BEIJING–China says it is willing to provide assistance to Russia
following recent sharp drops in the value of its currency, said a senior
official, as President Vladimir
Putin’s regime faces continuing strains with the U.S. and Europe.
Read more: http://www.nasdaq.com/article/china-offers-russia-ruble-help-20141222-00135#ixzz3NCOx6EE8
BRICS New Development Bank Threatens Hegemony Of
U.S. Dollar
At the 2014 BRICS summit in Fortaleza, Brazil, the committee announced
its impatience with failed reform within the International Monetary Fund:
“We remain disappointed and seriously concerned with the current
non-implementation of the 2010 International Monetary Fund reforms, which
negatively impacts on the IMF’s legitimacy, credibility and effectiveness.”
Leaders of the emerging economies of Brazil, Russia, India, China and South
Africa (BRICS) have expressed the need for reform in the Bretton Woods
institutions. Collectively, BRICS account for nearly $16 trillion in GDP
and 40% of the world’s population. These countries have drafted
amendments to the IMF’s voting policy and have yet to receive a sufficient
number of votes. At the summit, Brazilian President Dilma Rousseff stated
the BRICS nations “are among the largest in the world and cannot content
themselves in the middle of the 21st century with any kind of dependency.”
Last June, Sergey Glazyev, Vladimir Putin’s chief economic advisor,
published an article outlining the need for an international anti-dollar
alliance. He called upon allies to eliminate the dollar from
international trade and trend toward depleting them from currency reserves.
Recent dollar-less BRICS energy deals, currency swaps and foreign direct
investment indicate that trend is taking place.
This year’s summit marks the establishment of a $100 billion dollar
liquidity reserve and a $50 billion New Development Bank (NBD) in Shanghai.
As each country acts to maximize its own utility, the emerging economies of
the BRICS nations will create a paralleling international financial system
ultimately challenging the hegemony of the current western-dominated
system.
http://www.forbes.com/sites/realspin/2014/12/22/brics-new-development-bank-threatens-hegemony-of-u-s-dollar/
A couple more nails in the petrodollar’s coffin, courtesy of
Turkey, India and Russia
tl:dr; Russia and Turkey agreed to work alongside
representatives of the business communities to
identify possible obstacles for conducting payments in their national
currencies. Meanwhile Indian Ambassador to Moscow states transition to
national currencies, the rupee and ruble, in trade between India and Russia
will significantly increase bilateral trade.
http://redpilltimes.com/couple-nails-petrodollars-coffin-courtesy-turkey-india-russia/
Putin: It Is Time to Play Your Ace in the Hole
You’ve got to know when to hold ‘em
Know when to fold ‘em
Know when to walk away
And know when to run
You never count your money
When you’re sittin’ at the table
There’ll be time enough for countin’
When the dealin’s done.
“The Gambler” by Kenny Rogers
The entire world is watching Putin play poker with the Western
politicians lead by Obama and followed by Washington quislings in London,
Brussels and Berlin. America’s goal since the end of the Cold War has been
to weaken by financial, economic and, if necessary, military means any real
competition to its global financial and resource domination through the
petrodollar and dollar world reserve currency status.
...
No nation will win a shooting war between the US, UK and EU versus Russia
and China. The consequences are too horrible to be contemplated but Russia
has an ace in the hole that can win the financial and economic battle going
on today.
First, Russia should join with China in a new gold, oil and natural
resource backed monetary union as an alternative to the failed debt
democracy model pushed by Wall Street, the central bank cartel and
self-serving politicians in the West. It simply does not work in the long
term to finance prosperity and improved standards of living through mountains
of debt placed on future generations.
Washington has destroyed every tax haven and bit of personal and
financial privacy in the world because of its desperate need for revenue.
Every financial haven has caved, including Switzerland, because they cannot
hope to prevail against the US, UK and EU. The US intends to make Russia a
pariah state and cut it off from trade, funds transfer, banking and Western
credit markets. It will not relent until Putin is overthrown and Russia is
compliant with and a supporter of the New World Order. Next in line
following Russia will be China. Thus, a monetary union could provide the
needed support for Russia necessary to guarantee the independence and
self-determination of China.
MORE:
http://www.marketoracle.co.uk/Article48785.html
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