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The BRICs Are Morphing Into An Anti-Dollar Alliance

Tyler Durden's picture


While numerous massively indebted administrations around the world hope to divert the attention of what's left of their struggling middle class away from its daily impoverished existence and distract it with flashing lights and glitzy animations showing another all time market high on a daily basis, a significantly more important shift taking place behind the scenes is appreciated by very few: the ongoing de-dollarization of the world. For the latest example of how increasingly more countries are setting the stage for the final currency war, we go again to Russia where VOR's  Valentin Mândr??escu explains that slowly but surely the BRICS - that proud Goldman acronym which was conceived to perpetuate the great American way of life by releasing trillions in US-denominated debt in heretofore untapped markets - are morphing into an anti-dollar alliance.

BRICS is morphing into an anti-dollar alliance, From VOR

Before the crucial visit to Beijing next week, the governor of the Russian Central Bank, Elvira Nabiullina met Vladimir Putin to report on the progress of the upcoming ruble-yuan swap deal with the People's Bank of China and Kremlin used the meeting to let the world know about the technical details of its international anti-dollar alliance.

On June 10th, Sergey Glaziev, Putin's economy advisor published an article outlining the need to establish an international alliance of countries willing to get rid of the dollar in international trade and refrain from using dollars in their currency reserves. The ultimate goal would be to break the Washington's money printing machine that is feeding its military-industrial complex and giving the US ample possibilities to spread chaos across the globe, fueling the civil wars in Libya, Iraq, Syria and Ukraine. Glaziev's critics believe that such an alliance would be difficult to establish and that creating a non-dollar-based global financial system would be extremely challenging from a technical point of view. However, in her discussion with Vladimir Putin, the head of the Russian central bank unveiled an elegant technical solution for this problem and left a clear hint regarding the members of the anti-dollar alliance that is being created by the efforts of Moscow and Beijing:

“We've done a lot of work on the ruble-yuan swap deal in order to facilitate trade financing. I have a meeting next week in Beijing”, she said casually and then dropped the bomb: “We are discussing with China and our BRICS parters the establishment of a system of multilateral swaps that will allow to transfer resources to one or another country, if needed. A part of the currency reserves can be directed to [the new system].” (Prime news agency)

It seems that Kremlin chose the all-in-one approach for establishing its anti-dollar alliance. Currency swaps between the BRICS central banks will facilitate trade financing while completely bypassing the dollar. At the same time, the new system will also act as a de facto replacement of the IMF, because it will allow the members of the alliance to direct resources to finance the weaker countries. As an important bonus, derived from this “quasi-IMF” system, the BRICS will use a part (most likely the “dollar part”) of their currency reserves to support it, thus drastically reducing the amount of dollar-based instruments bought by some of the biggest foreign creditors of the US.

Skeptics will surely claim that a BRICS-based anti-dollar alliance will not manage to deprive the dollar of its global reserve currency status. Instead of arguing against this line of thought, it is easier to point out that Washington is doing its best to enlarge the ranks of the enemies of the dollar. Asked by the Russia 24 channel to comment on Nabiullina statements, Sergey Kostin, the president of the state-owned VTB bank and one of the staunchest supporters of anti-dollar policies, offered an interesting perspective on the situation in Europe:

“I think the work on ruble-yuan swap line will finalized in the nearest future and the way for ruble-yuan settlement will be open. Moreover, we are not the only ones with such initiatives. We know about the statements made by Mr. Noyer, chairman of the Bank of France. As a retaliation for what Americans have done to BNP Paribas, he opined that the trade with China must be done in yuan or euro.”

If the current trend continues, soon the dollar will be abandoned by most of the significant global economies and it will be kicked out of the global trade finance. Washington's bullying will make even former American allies choose the anti-dollar alliance instead of the existing dollar-based monetary system. The point of no return for the dollar may be much closer than it is generally thought. In fact, the greenback may have already past its point of no return on its way to irrelevance.


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Wed, 07/02/2014 - 22:37 | 4920122 kliguy38
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You can keep your peso

Wed, 07/02/2014 - 22:40 | 4920133 Mr Pink
Mr Pink's picture


Is there anything we can do to help you crash the dollar?


All of us

Wed, 07/02/2014 - 22:52 | 4920156 economics9698
economics9698's picture

“In fact, the greenback may have already past its point of no return on its way to irrelevance.

No shit?  Ya think?  Around November 2008?

Wed, 07/02/2014 - 23:34 | 4920246 DoChenRollingBearing
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I am not worried at all about an anti-dollar alliance.  While there are certain benefits to having the "reserve currency" there are other drawbacks (must run trade deficits to provide overseas dollars/cuurencies).

The United States survived a long time before it had its world reserve currency.  We'll survive it again, and I DO mean that I think that the BRICs will get their wishes...

We need THEM less than they need us.  All four BRICs have severe weaknesses, and despite our many problems, the USA is better placed than the BRICs are.  Do we see many US citizens leaving the USA for BRIC-world?  We do not.

Wed, 07/02/2014 - 23:39 | 4920278 BobPaulson
BobPaulson's picture

I disagree. 


That said. I keep reminding myself that I am far too biased against the dollar to allow clear rational thought, because I want to believe printing money is bad and shouldn't work. Nevertheless, years and years go by and the con keeps working. I keep reading to see if I am missing something.

Wed, 07/02/2014 - 23:46 | 4920304 markmotive
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So what happens when the almighty PetroDollar system finally dies?

Thu, 07/03/2014 - 00:22 | 4920368 bag holder
bag holder's picture

Zerohedge has a profit motive too, and I'm sure hauling out the trusty old Russian bear sticky posts right before a patriotic holiday will be worth a few PetroDollars in ad clicks.

Thu, 07/03/2014 - 00:44 | 4920389 nope-1004
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This anti dollar wave sweeping the globe and negatively affecting the US, couldn't happen to a nicer, more pompous and arrogant people.

Reserve currency status has been a privelege, not a right.  Time will soon come when J6P will be REQUIRED to get off his ass and produce something good for mankind.  Being a SNAP suck don't cut it.


Thu, 07/03/2014 - 00:47 | 4920410 Freddie
Freddie's picture

Well Americans and the American military are cowards because they gave up without a fight and never defended The Constitution.   They keep sending their sons to die in wars for banksters.  I bet 75% of the posters still watch TV and Hollywood like sheep which supports their serfdom.

Thu, 07/03/2014 - 00:50 | 4920416 Two-bits
Two-bits's picture

Yes, and the US is in bed with everyone.  Look at this cocksucker McCain:

ISIS are the terrorists,  IS are the terrorists. I am the terrorist? Oh shit, I see where this is going.

Thu, 07/03/2014 - 01:31 | 4920477 Anusocracy
Anusocracy's picture


"An organism is a collection of problem solving devices - adaptations - that were shaped by natural selection over evolutionary time to promote, in some way, the survival of the genes that directed their construction." -Symons, 2005

Think of the organism as government, the adaptations are the structures created by government, natural selection as trial and error, and the genes are the elites who operate and benefit from the organism. You and I are the resources the organism consumes.

All of which is a product of the animal world and is something best looked at through a rear-view mirror.

Thu, 07/03/2014 - 01:56 | 4920514 Squid-puppets a...
Squid-puppets a-go-go's picture

this essay is pretty old news, and I note that ZH has yet to fully cover the newest nail in the $US coffin - 2 days ago FRANCE signed a yuan swap deal

im starting to think ZH isnt as cutting edge as it used to be

Thu, 07/03/2014 - 02:47 | 4920561 Pinto Currency
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.Unless the BRICS go to gold money, they will be no better off than the USD they seek to guard against.

Otherwise they will be just another failed paper scheme.

Thu, 07/03/2014 - 03:43 | 4920604 Squid-puppets a...
Squid-puppets a-go-go's picture

so tru dat

Thu, 07/03/2014 - 04:24 | 4920637 Lore
Lore's picture

Some articles provide context and background, giving hope to a fast-growing audience of new readers, that they might someday achieve your level of cutting-edginess.

Sun, 07/06/2014 - 13:54 | 4929262 BaBaBouy
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"" Dear Brics; Is there anything we can do to help you crash the dollar? Sincerely, All of us.

"" EASY Most Simple Answer: "BUY PHYS GOLD."

Thu, 07/03/2014 - 05:33 | 4920721 JoBob
JoBob's picture

At least the US will not be pulling the strings on THEIR economic system.

Thu, 07/03/2014 - 05:55 | 4920741 Uncle Remus
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This is a fast moving world where the static end up dead or at best, irrelevant.

Thu, 07/03/2014 - 12:20 | 4921784 BigJim
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Looks like Rand Paul is trying to get himself a second passport,

Shame... I wonder what his Dad thinks...

Thu, 07/03/2014 - 19:21 | 4923195 Monty Burns
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Not overly significant.  Rand knows he has to pay obeisance to his real rulers or he'll sink without trace.

Thu, 07/03/2014 - 08:08 | 4920892 Farqued Up
Farqued Up's picture

Know your enemy. Actually the dopes in Hollowood are turning on the gubmint Spooks as being an evil bunch of clap doctors.

HBO is degenerate toilet trash. But I don't choose to pay for that garbage, but I have no choice but to help subsidize the infomercials and the 10-12 channels of holy-roller dogma, if I want DirecTv.

Thu, 07/03/2014 - 11:06 | 4921496 FeralSerf
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Only a Real Masochist would want DirecTv.

Thu, 07/03/2014 - 08:08 | 4920894 shovelhead
shovelhead's picture

I like war movies, Freddie.

Thu, 07/03/2014 - 01:55 | 4920485 Miggy
Miggy's picture

I look at the other large nations that want reserve status and I cannot see much more kindness and brothery love in those nations either.


China as a reserve status nation? Yikes. Using 10 year old gymnists for the last 8 Olympics when the minimum age is 13 is all you need to know.


John 3:16

Thu, 07/03/2014 - 19:09 | 4923163 Monty Burns
Monty Burns's picture

Maybe. But I saw a report in the FT a few months back which claimed that despite all the hyperbole the dollar's share of global trade has hardly changed since 2007.

Thu, 07/03/2014 - 07:56 | 4920870 Aaaarghh
Aaaarghh's picture

You see, I dont want to associate the 1% of bastard cunt swindling low-lifes (politicos bankers etc) with the rest of the american people, of whom I am sure there are a majority that are decent and moral.

that being said the dollar was too open to abuse by tptb, and a more robust alternative needs to be found.

Thu, 07/03/2014 - 06:18 | 4920769 negative rates
negative rates's picture

That would be after the Fed is ended, so don't put your cart before the horse.

Thu, 07/03/2014 - 08:08 | 4920895 Antifaschistische
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I've been an anti-FED posterchild for 20 years.  I believe we've been very irresponsibile with the Dollar and I personally attend every anti-FED event..of which there aren't nearly enough.  I do believe the dollar will eventually get rejected abroad. compensation is 100% US Dollar...and, even if I have a commodity hedge, I will not walk away from a Dollar collapse with a big smile on my face. $10 per/gallon gas will ripple through our economy like a gang of African Army Ants.  

So...if you too get paid in US Dollars, just remember that it's collapse will mean you wake up one morning and get a 50% reduction in your pay.   No traveling abroad after retirement, no more yachting dreams, no cabin in the Sierras.   Yes, that will be justice for our irresponsibility and uncontrollable debt.  But it will not be a day of rejoicing, even for the "stackers" because our entire way of life will take a very serious haircut.

Thu, 07/03/2014 - 09:15 | 4921085 nidaar
nidaar's picture

I've been paid in dollars all my life and never had those dreams even in my sleep. So let the bastard go down the hole, where it belongs to...

Thu, 07/03/2014 - 09:43 | 4921201 BobPaulson
BobPaulson's picture

Good points. I have been buying land and a bit of gold, hoping the haircut doesn't hurt too much. I honestly look forward to a phase of less focus on shopping and useless bullshit. But yeah, it will be a tough adjustment.

Thu, 07/03/2014 - 19:25 | 4923204 Monty Burns
Monty Burns's picture

Probably true. But the dollar's demise is an essential requirement for the Great Reset.  WIthout it J6P and the FSA will continue to lie in front of the lobotomy box like sated ticks.

Thu, 07/03/2014 - 19:29 | 4923215 Firepower
Firepower's picture

Alarmism only works on the half-informed.

80% of Murkans are totally uninformed and so, immune: Ignorance is bliss.

Maybe 10% are informed and see the validity of your point. There is ZERO ALARMISM in Murka now even with Teh Interwebz so there's your proof.

The improved interpretation is Murka is now the only lifeboat for CashCreeps: What fool would park their stolen TRILLIONS extracted from taxpayers in Communist Dictatorships that will seize the ill-gotten pile if necessary.

Wed, 07/02/2014 - 23:48 | 4920306 Fiat Envy
Fiat Envy's picture

In theory what you say is true but without huge cultural changes the US is on its way to being third world or perhaps fourth world.  I dont see any willingness to cut off the FSA and  return to the sort of America that can be successful.  

Thu, 07/03/2014 - 06:35 | 4920783 Chupacabra-322
Chupacabra-322's picture

Hence, the Immigration Invasion especially of children who can be easily indoctrinated in a decade or two via PsyOp / Programming into that Third or Fourth World Debt Slave.

Thu, 07/03/2014 - 11:15 | 4921526 FeralSerf
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They're new (replacement) livestock for TPTB! Just as the farmer needs to rotate his crops now and then and get rid of the non-productive diseased species, the lords and ladies of The Establishment must cull their old flocks and bring in new replacement lambs. Naturally there is some resistance and bleating among the existing sheep that will need to share their feed troughs with the new arrivals.

Thu, 07/03/2014 - 19:29 | 4923214 Monty Burns
Monty Burns's picture

There's also a more subtle agenda to dilute the gene pool of the descendants of the nations founding stock.  The signs are everywhere if you learn to connect the dots.

Fri, 07/04/2014 - 12:24 | 4924712 FeralSerf
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They're not diluting the gene pool of the Rockefellers, the Bushes, the Kerrys, the Forbes', the Rothschilds and the Morgans are they?

The "poor white trash" become a bit browner (and easier to recognize by the police). Their owners, much like Mexico, remain "pure as the driven snow".

Wed, 07/02/2014 - 23:56 | 4920327 stoneworker
stoneworker's picture

Keep watching you see a lot of people from the BRICS coming to the US like they used to? 1999 was 15 years ago...The US may be a better place for now but that is all tied to the reserve has to get worse before it gets better, but I agree with you Americans will survive and prosper after the reserve currency is fact it could be an age of prosperity, but not through the war economy that is in effect right now, but through returning to real capitalism.

Thu, 07/03/2014 - 01:55 | 4920496 zhandax
zhandax's picture

I have long said that the US would go back to making it's own shit when it could no longer afford China's.  Perhaps this will hurry that day along.  That said, the system we currently have is far from capitalism.  That, too, may change as more corporations continue to devour their capital base with these bullshit stock buybacks.  If we can get to the point that many of them impair themselves to the degree that a small financial disturbance causes a wave of corporate bankruptcies then smaller concerns such as those which created this country's real wealth can return to their rightful place of prominence.

You gotta admit, it would be great if cyclical tendencies worked like this...

Thu, 07/03/2014 - 02:45 | 4920560 stoneworker
stoneworker's picture

Yes this makes sense. The more they devalue the dollar the worse the hangover.

Thu, 07/03/2014 - 03:46 | 4920608 Squid-puppets a...
Squid-puppets a-go-go's picture

the US could and should go back to making its own shit. unfortunately, the choice its made to preserve its globa;l reserve currency has exviscerated iots manufacturing base - its got a LOT of catch up to do (especially in a world war situation) before it can become industrially self reliant again

Thu, 07/03/2014 - 08:17 | 4920910 Lea
Lea's picture

"its got a LOT of catch up to do (especially in a world war situation) before it can become industrially self reliant again"

A lot of catching up to do, indeed. I'm not of the moralistic kind, but one cannot help seeing that the "hard-working, penny-wise, industrious" American of fourty-fifty years ago has been replaced with a "what the heck, let's have dope, fun, sex and spend like there's no tomorrow" government/Hollywood-sponsored attitude that can do nothing for the re-industrialization of the country.

Unless you count on the immigants.

Thu, 07/03/2014 - 09:03 | 4921057 plane jain
plane jain's picture

Live for today types do seem to dominate.  Probably because people have lost hope for tomorrow.

Gen X heard early and often that Social Security would be tapped out before we collect.  Wages haven't kept up with inflation.  If you manage to save anything interest on savings hasn't kept up with inflation. Stocks? Real estate? Ha.  So start out expecting to work until you can't and die broke.  

Things haven't exactly been getting rosier for generations since.  

Thu, 07/03/2014 - 09:05 | 4921059 plane jain
plane jain's picture

On the upside how many years will it take to use up/wear out all the crap we already have?

its got a LOT of catch up to do (especially in a world war situation) before it can become industrially self reliant again

Thu, 07/03/2014 - 06:58 | 4920796 Tall Tom
Tall Tom's picture

"...Americans will survive and prosper after the reserve currency is fact it could be an age of prosperity, but not through the war economy that is in effect right now, but through returning to real capitalism."


It is doubtful that America, and the rest of the World, will survive. The Growth Paradigm must be abandoned as resources will be scarcer.


The collapse will kill hundreds upon hundreds of millions, Globally, if not Billions. Starvation and want will be most prevalent.


Yes capitalism will thrive as it did in the Ancient World without large Governments. But as for modern comforts...they will be sorely missed but for a very few.


Do you really think that the World will be able to just shake this off?


Can you print Oil, Food, and Water?

Thu, 07/03/2014 - 11:09 | 4921503 stoneworker
stoneworker's picture

I believe that after a couple of revolutions take place and Americans/Euros/Japs....learn to live like the third world countries they much despise right now everything will calm down and real wealth creation will many people will die before that is very hard to predict.

Thu, 07/03/2014 - 01:32 | 4920475 Anusocracy
Anusocracy's picture


Thu, 07/03/2014 - 01:44 | 4920489 jwthomps
jwthomps's picture

Almost no one understands this.

Thu, 07/03/2014 - 02:05 | 4920523 Welder
Welder's picture

The US demographics is rapidly changing. We might see americans leaving the US in the future. Not for BRICs though. At this moment, the most white countries (from a racial point of view) are in Eastern Europe, like Romania, Hungary, former Yugoslav republics and half of Russia.

Thu, 07/03/2014 - 03:13 | 4920585 MEAN BUSINESS

pssst, the 'R' in BRICS stands for Russia... and I'm pretty sure the 'S' is for South Africa.

Thu, 07/03/2014 - 03:42 | 4920603 Welder
Welder's picture


Thu, 07/03/2014 - 04:09 | 4920634 sessinpo
sessinpo's picture

Welder    The US demographics is rapidly changing. We might see americans leaving the US in the future.


Some wealthy Americans that are economically more mobile have done so. For the rest of us, it is unlikely. We are talking about a global reset because the US dollar is the world's currency reserve. Thus, it will have global implications, not just implications to the US.

Add to that the fact that many of those nations that one might go to have stringent immigration policies. A global depression brings nationalism where borders and paranoia are raised. Just look back in history for a guideline. The commoners suffer while the elites go on.

Thu, 07/03/2014 - 05:05 | 4920684 douglas
douglas's picture

It´s not as difficult (or especially as dangerous) to relocate overseas as many would believe.  While I am in fairly solid financial shape, I´m by no means a multi-millionaire - and I left over 9 years ago.  American´s tend to harp on the negatives of living overseas, but they dont realize that the positives far outnumber these negatives.  If you do your research and choose well your destination, once acclimated you begin to appreciate the many opportunities and benefits available elsewhere.  Although family commitments require me to visit the US once in a while, more and more during each visit I feel less free and more eagerness to depart the ¨land of the free and the home of the brave¨ for what I now consider my new home.

Thu, 07/03/2014 - 05:46 | 4920733 SunRise
SunRise's picture

Where did you choose to go?

Thu, 07/03/2014 - 06:22 | 4920774 sessinpo
sessinpo's picture

douglas     It´s not as difficult (or especially as dangerous) to relocate overseas as many would believe.  While I am in fairly solid financial shape, I´m by no means a multi-millionaire - and I left over 9 years ago.  American´s tend to harp on the negatives of living overseas, but they dont realize that the positives far outnumber these negatives.  If you do your research and choose well your destination, once acclimated you begin to appreciate the many opportunities and benefits available elsewhere.  Although family commitments require me to visit the US once in a while, more and more during each visit I feel less free and more eagerness to depart the ¨land of the free and the home of the brave¨ for what I now consider my new home.


Whille I appreciate your situation, I am not sure you are in the majority and that is what counts. I am caring for parents in their 70s. In addition to that, while I believe America as it was is lost, I am concerned for youger generations such as my nieces and nephews. I could split but I care more for others to do so.

Thu, 07/03/2014 - 07:50 | 4920859 Farqued Up
Farqued Up's picture

I'm 70 and just got a second passport. Don't you think your parents are old enough to take care of themselves? I retract that if they are mentally incompetent or bedridden.

Thu, 07/03/2014 - 11:20 | 4921544 FeralSerf
FeralSerf's picture

Medicare keeps many Americans from relocating after they become 65.

Thu, 07/03/2014 - 06:17 | 4920767 Welder
Welder's picture

A bit of american nationalism, impenetrable borders and a dash of paranoia might not be such a bad idea , isn't it ? The so-called "elite" is engineering the demographic shift in the Western world as most of ZHers probably know. I wouldn't be surprised to see them benefiting from the abandonment of USD as the world currency. It served their purposes so far and maybe it's time to abandon it in favor of another one, might even be backed by gold...


"Elite" used to have such a nice meaning. The same goes for "liberal". In my language and several other latin languages "liber" means "free".

Thu, 07/03/2014 - 06:28 | 4920780 sessinpo
sessinpo's picture

Welder     A bit of american nationalism, impenetrable borders and a dash of paranoia might not be such a bad idea , isn't it ? The so-called "elite" is engineering the demographic shift in the Western world as most of ZHers probably know. I wouldn't be surprised to see them benefiting from the abandonment of USD as the world currency. It served their purposes so far and maybe it's time to abandon it in favor of another one, might even be backed by gold...


"Elite" used to have such a nice meaning. The same goes for "liberal". In my language and several other latin languages "liber" means "free".


The elite continue no matter what the situation because they have the resources to do so. It baffles me to see those that think a reset will get rid of the oligarchs and elites. It won't.

And the liberals have changed definitions to politically suit their argument. That is why a liberal today is nothing like a liberal of yester year.

Thu, 07/03/2014 - 07:42 | 4920851 Farqued Up
Farqued Up's picture

Begin prepping now on a 2nd and possibly a 3rd passport.

Thu, 07/03/2014 - 02:53 | 4920567 Bingo Hammer
Bingo Hammer's picture

Hey DoChen...,

a few of your recent comments seem to indicate you may have misplaced some of you "bearings" or worse still, that you may have caught something viral from MDB

Thu, 07/03/2014 - 03:21 | 4920590 Global Observer
Global Observer's picture

The United States survived a long time before it had its world reserve currency.  We'll survive it again

Of course! The concern is not about whether the US will survive or not, but the disruption caused when the others stop using the US$ for trade not involving the US. The reserve currency status meant the US could write cheques that are never cashed. When that status is lost it is no longer possible to write cheques with the expectation they will never be cashed. Even worse will be, all the uncashed cheques coming for clearance now. Not the end of the world, but a significant change.

Thu, 07/03/2014 - 03:38 | 4920600 Ghordius
Ghordius's picture

correct. it has nothing to do with survival. and way more about how much dominance

Thu, 07/03/2014 - 06:14 | 4920761 Uncle Remus
Uncle Remus's picture

The down side is that all that "dominance" will be focused inward - the infrastructure is there to continue the downward spiral of the US further into fascism.

Note to Patriots - it's getting very very late. Do you know where your country is?

Thu, 07/03/2014 - 03:45 | 4920601 ThirteenthFloor
ThirteenthFloor's picture

DoChen > Your comment reminds me of a marketing study i did back in grad school. GM execs were decide what to do with a little car called the Chevy Vega. At the time it was selling quite well, second to the Ford Pinto. A young guy in the room said "heh what about this Toyota Corolla, it's moved from 10th to 6th, and the CEO responded " don't worry Americans won't buy cars from Japan ".

Or when I asked Grant Tinker who at the time was CEO of NBC, what are you guys doing about cable and HBO. He said "cable is not going anywhere their programming is lousy". Ummmm

When I see false confidence I know the guy's about to get routed.

I think your comment is false confidence.

Thu, 07/03/2014 - 08:30 | 4920935 Took Red Pill
Took Red Pill's picture

How about Kodak? They invented digital cameras but didn't pursue it. They didn't want to kill their film business. Now the whole company is basically dead. As Kodak goes, so goes America.

Thu, 07/03/2014 - 06:07 | 4920758 Uncle Remus
Uncle Remus's picture


Do we see many US citizens leaving the USA for BRIC-world?  We do not.


DCRB, I think this is due more to the perspective of US citizens (and their glorious public school education+exceptionalism) than anything economic. Poverty can trump propaganda.

Thu, 07/03/2014 - 08:20 | 4920917 viator
Thu, 07/03/2014 - 10:45 | 4921429 Uncle Remus
Uncle Remus's picture

It may be a record, but on the marco view, it doesn't move the needle. I also think DCRB is referring to a reverse illegal alien type scenario of J6P heading south. But, I may be mistaken there.

Still, even if you're paying attention and have considerable net worth, leaving what is perceived to the greatest show, er country on earth to what is perceived as third world can be a tall order.

If I were a coyote, I'd be looking into the logistics of a reverse flow of clients. And not taking $.

Thu, 07/03/2014 - 09:42 | 4921193 fattail
fattail's picture

I disagree as well.  There is hardly anyone left alive that has lived in this country when our standard of living wasn't subsidized by our reserve currency status, our war machine, and the petro dollar.  A whole nation built on the one irreducible premise of cheap oil.  While the BRICS have weaknesses, their populations have lived with them their entire lives.  The Brics standard of living are increasing from a very low bar.  The standard of living adjustment that the US will undergo will strain the bonds of civil society.  

Mon, 07/07/2014 - 08:47 | 4931227 Apocalicious
Apocalicious's picture

There are levels of survival we are prepared to accept. 

Wed, 07/02/2014 - 22:59 | 4920172 Silky Johnson
Silky Johnson's picture

Yeah, there is something you can do. Keep buying more of the yellow shit, it will keep save your ass when the green finally sinks.

Wed, 07/02/2014 - 23:15 | 4920217 economics9698
economics9698's picture

5.56 and 7.62 rounds will work.

Wed, 07/02/2014 - 23:49 | 4920311 BobPaulson
BobPaulson's picture

Plus 1. Stick to guns which load the most ubiquitous ammo man. If you mean 7.62x39 agreed. 12 gauge, 9mm, whatever they have the most of on the shelf.

Thu, 07/03/2014 - 00:11 | 4920353 MeMadMax
MeMadMax's picture

I'm not buying any guns...




I'm not anti-gun, not by a long shot.

First. You make yourself an easy first target for the state.

Second. There will be plenty layin around on the ground when I will need a gun...


The End...

Thu, 07/03/2014 - 02:21 | 4920536 BobPaulson
BobPaulson's picture

You would be surprised how hard it is to hit something moving the size of a pumpkin, even at 25 ft with a handgun. When you find one laying around, be sure to take some practice shots :)

Thu, 07/03/2014 - 05:42 | 4920679 Urban Redneck
Urban Redneck's picture

16 inches of 4 inch diameter PVC pipe (moving) is a much more accurate and daunting representation of the kill zone.

h/t a great teacher who will be missed

Thu, 07/03/2014 - 04:15 | 4920642 sessinpo
sessinpo's picture

MeMadMax     I'm not buying any guns...


 I'm not anti-gun, not by a long shot.

First. You make yourself an easy first target for the state.

Second. There will be plenty layin around on the ground when I will need a gun...

 The End...


You are already an easy target. I have 5 guns but I know realistically, they will do little against a swat team, drone or helicopter. But I may have a better chance against looters and criminals (street thugs).

And you won't get shit looking around for guns and ammo layin on the ground. You are unarmed. The armed people will be taking that ammo and guns on the ground and you won't be able to do a thing about it because you are unarmed.

You are like a place that calls itself gun free. Its the first place that gets attacked.

Thu, 07/03/2014 - 04:31 | 4920660 sessinpo
sessinpo's picture

I want to add that several of my weapons are for hunting and I've stocked ammo. During The Great Depression, deer nearly went extinct here. People hunted for food to stay alive. I expect the same results coming up with severe food supply chains disrupted.

Thu, 07/03/2014 - 05:11 | 4920693 barre-de-rire
barre-de-rire's picture

all fat mc donald/pizza/crap  drive in eater with guns loaded as full as my ass full of shit when i wake up, you THINK you can SURVIVE, AIM,  PROTECT, SHOOT, KILL, to keep going ?


you only think, you try to anticipate, but you are all but effective,   surviving is not about thinking, it is about about instinct,  a man who buy food sat in his car have not a fucking oz of instinct naymore, his stomack has replaced the brain.


you are all lost, for at least 97% of population. you will turn canibals, as you are alreay animals. no big difference now.

Thu, 07/03/2014 - 08:29 | 4920933 shovelhead
shovelhead's picture

Keep practicing your English. You're getting only sound semi-retarded now.

Thu, 07/03/2014 - 05:55 | 4920743 Seer
Seer's picture

Did you know that not all guns are aimed the same?

Practice, practice, practice... I just wish I had more time to practice...

"You make yourself an easy first target for the state."

Guns don't make you a target.  Guns are used ON targets.  You're a target all by yourself.

Oh!  Do you have a dog?  That's the number one security measure: you have to sleep, and having a dog gives you a bit of time to wake up and try and assess the situation.

Thu, 07/03/2014 - 11:24 | 4921564 FeralSerf
FeralSerf's picture

"5.56 and 7.62 rounds will work."

Ask some of your fellow colonists in Canada and Australia how well that's worked out for them.

Wed, 07/02/2014 - 23:21 | 4920230 MEAN BUSINESS

Dear All Of Us,

Thank you for your offer of assistance. In difficult times that have no precedent we appreciate this very much. Please consider that in December 2015 in Paris we are hoping to reach an agreement under the United Nations Framework Convention on Climate Change. We are working diligently with 100 non-aligned countries and are confident a robust agreement can be made. We hope you will support our efforts by carefully watching the proceedings. Be on the look out for the Hillary Clinton/ Barak Obama BULLSHIT that sabotaged the Conference in Copenhagen. Also, beware of shenanigans from UN officials that pull a 'Liz Wahl' as the Paris meeting gets under way.

We hope that like us, you will refuse to do business with those who refuse to sign the Protocol or those who break the agreement. No action will be required by you. All we ask is that you understand that we will do what we feel is necessary and we know that it will cause you to suffer. We will never forget what you did, and will always consider you our brothers and sisters. Our doors are always open, a light kept on at night ; )

Finally, please keep in mind that it is our belief that an agreement signed by all countries, in good faith, will result in healthier economies for all without the need to "crash" any currency, and more importantly, life on Earth.

Sincerely yours.

Wed, 07/02/2014 - 23:24 | 4920247 kchrisc
kchrisc's picture

You can. Just Quit paying on your bankster theft-loan.


The most powerful weapon the American people have to use against the DC US tyrants is Rejection.

The system of fraud and theft that has been built up upon the backs of the American people is dependent upon our backs. Withdrew our backs, and the whole thing collapses. This is our greatest weapon.

Quit Paying--put it into food, steel and lead, and precious metals, etc. They stole what ever "debt money" they loaned you in the first place via fraudulent-reserve banking and soon you won't be able to pay them anyways, so just stop now.

Quit Obeying--If they are in violation of the Constitution then they are criminals and not legitimate.

Quit Playing--Quit being a tool for them to use.

The Four Rs
Rejection: Quit paying, quit obeying, quit playing
Revolution: It is inevitable, so prepare, as they are.
Retribution: The guilty must answer for their crimes against the American people and the Constitution.
Restoration: Restore the American people, country and Constitutional republic.

Wed, 07/02/2014 - 23:55 | 4920326 BobPaulson
BobPaulson's picture

To be fair, you will need a few key things: 1) A shitload more organization and volunteers from a shitload more outrage. 2) Some big supporters from the military defecting to your cause (more VA outrage needed) 3) A Tunisian Fruit Seller.  I still think its about 10 years away.

Thu, 07/03/2014 - 00:25 | 4920371 kchrisc
kchrisc's picture

"A shitload more organization and volunteers from a shitload more outrage."

Sorry, but this is not a centralized revolution. This is each individual saying "NO," "NO MORE" and standing up for themselves and their neighbor against criminality and tyranny.

"Don't follow me, follow you."


Thu, 07/03/2014 - 04:23 | 4920657 sessinpo
sessinpo's picture

kchrisc     Sorry, but this is not a centralized revolution. This is each individual saying "NO," "NO MORE" and standing up for themselves and their neighbor against criminality and tyranny.

"Don't follow me, follow you."


Good luck with that. This is a population that elected Obama twice. Half of America wants socialism and dependency on government. And I'd say about 35% think they are for freedom but are really red pill takers. that leaves about 15% that are demonized.

Thye system will fall on its own. Who takes over then is the big question.

Thu, 07/03/2014 - 18:15 | 4923031 kchrisc
kchrisc's picture

Please go to a mirror and look into it.

The Revolution starts there--with that guy in the mirror.

Where can you start? What can you do? When do you begin?

Don't worry about others. They will come along in their own time.

Thu, 07/03/2014 - 00:50 | 4920414 Freddie
Freddie's picture

You can't get people to unplug their TVs and Hollywood which is in hyperwarp speed on full on propaganda.  Dum fux with cable. ZH is filled with AH's who still watch TV and crap like CNBC.  Or dumb El See Eye Aye duh movies from hollywood glorifying the police state.  Dumb sheep.

Thu, 07/03/2014 - 06:09 | 4920760 August
August's picture

I don't know, Freddie.  NBC's Fall line-up looks pretty hot, and the Transformers franchise just keeps going from strength to strength.

Thu, 07/03/2014 - 08:35 | 4920947 shovelhead
shovelhead's picture


Thu, 07/03/2014 - 13:36 | 4922064 goneYonder
goneYonder's picture

I get scared when I think about the movies produced for adults. Transformers...seriously? People are not dumbed down, they're infantilized.

Thu, 07/03/2014 - 03:03 | 4920576 drendebe10
drendebe10's picture

.. all on the watch of the liar in chief too busy living its celebrity grand imperial golf lifestyle too busy to read the writing in the teleprompter. 

..."navy corpse-man..."

Thu, 07/03/2014 - 03:03 | 4920577 Kirk2NCC1701
Kirk2NCC1701's picture

Dear BRICS, like people all over the world, we love our country but hate and despise the sociopathic parasites and scum who have wormed and weaseled their way into the halls of power of influence.  IOW, we hate our Regime (our hijacked Government) as much as you do, perhaps more, but still feel allegiance to our country.

We can only hope that with the monetary Reset that will come with the demise of the dollars' GRC status, that we can finally get back to Nation Building right here at home.  And let other nations and people do the same in their place.

Thu, 07/03/2014 - 03:30 | 4920595 MEAN BUSINESS

Dear Captain Kirk,

Good luck with your mission at home. Our recent discussions with the 100 non-aligned nations reveals an interest in pursuing happiness without causing misery for the rest of planet Earth. Please join us in Paris if you'd like to learn more.


Thu, 07/03/2014 - 03:54 | 4920614 TheSecondLaw
TheSecondLaw's picture

Dear Captain,  We hear you, feel your pain. The thing is - nothing will change in the USA until enough citizens feel real pain, real depravation.  Now that may very well be coming, but until it does, you will keep being ruled by tyrants because you allow yourself to be so ruled.

Thu, 07/03/2014 - 05:30 | 4920717 IronForge
IronForge's picture

<Spock Mode>


Have you considered the Logic of your enthusiastic expectations?  You presume that the Monetary Reset caused by the demise of the USD's Status as the Global Reserve Currency will somehow lead to productive Domestice Nation Building.  

With the Global Geopolitics of Petrol and Territorial Domination played by the Anglo American Five-Eyed Hegemony still fueled by Petroleum (7 sisters' Global Ops) and Weapons(Deployed Troops/Mercs and FMS paid in USD), I fail to see how the end of the USD's Reserve Currency Status will change the Foreign/Dominionist Policies of the USA to one focused on Domestic Nation Building.

The MIC can easily resort to rationing and further Conquest - even Conquest/Occupation/PKO of Oil Partners they are protecting...

Thu, 07/03/2014 - 08:40 | 4920978 shovelhead
shovelhead's picture

Well, there is that option to switch from petro-dollars to the petro itself.

Make the whole Middle East into a US protectorate.

Thu, 07/03/2014 - 07:42 | 4920852 ZH Snob
ZH Snob's picture

unfortunately, americans, one and all, will continue to pay for this banker fiasco.  who else will they dump the tsunami of foreign-held dollars on once the BRICS release the dollar's stranglehold on the world? 

but as painful as I suspect it will be it is still preferable to living off the sweat and blood of the rest of the world.

Thu, 07/03/2014 - 10:13 | 4921310 caShOnlY
caShOnlY's picture

I think in honor of our leaders, when the American ONE TRILLION DOLLAR BILL is produced it should have BERNANKE'S picture on it.

Thu, 07/03/2014 - 11:27 | 4921578 FeralSerf
FeralSerf's picture

On the reverse side will be a picture of the twin WTC towers.

Wed, 07/02/2014 - 22:40 | 4920130 MFL8240
MFL8240's picture

And the US goverment is concerned about how to allow a bunch of uneducated, illiterate people into a sytem on the brink of collapse!

Wed, 07/02/2014 - 23:02 | 4920158 knukles
knukles's picture

At this rate it won't be long before the people in the Third World Countries are sending a part of their earnings to their relatives in America


"It's What the Doctor Ordered!"

Wed, 07/02/2014 - 23:03 | 4920186 conscious being
conscious being's picture

Uneducated is not exactly right.  They know how to plant corn, beans and squash and how to keep the plants alive.  These could be valuable skills indeed in post-petro$ America.

Wed, 07/02/2014 - 23:58 | 4920329 BobPaulson
BobPaulson's picture

Bingo. I would be careful about pot/kettle issues when comparing populations. Ever talk to the average guy on the street in Cuba?

Thu, 07/03/2014 - 08:42 | 4920981 Took Red Pill
Took Red Pill's picture

Cubans survived lost access to Soviet oil in the 1990's. Americans are too dependent on the system. We've lost our basic survival skills. 

Thu, 07/03/2014 - 00:09 | 4920346 Crawdaddy
Crawdaddy's picture

I once lost a bet to one of those "dumb" illegals. He bet me a dollar his .22 could shoot a bullet two miles. I laughed, knowing the box of shells said "range of up to one mile" and took the bet. He turned the gun to the sky and fired. He looked at me and said "one mile up, one mile down".

Today that dummy owns a pipe yard in new mexico and owns more land (free and clear) than the farmer he worked for as a young man. I helped him get legal in 86. He calls me every year with an invite to go hunting. Every year we laugh about that bet.

I still feel good about losing that bet.

Thu, 07/03/2014 - 01:33 | 4920481 TheObsoleteMan
TheObsoleteMan's picture

NO ONE "OWNS LAND FREE AND CLEAR" IN THE US of A. Supreme Court ruling in 2005 proved that.

Thu, 07/03/2014 - 11:01 | 4921471 Crawdaddy
Crawdaddy's picture

Good point - free and clear except for property taxes.

Thu, 07/03/2014 - 04:00 | 4920616 ThirteenthFloor
ThirteenthFloor's picture

Conscious being > Or a bartable skill, such as auto repair or carpentry.

Thu, 07/03/2014 - 07:24 | 4920828 Farqued Up
Farqued Up's picture

The best roofers for sure.

Wed, 07/02/2014 - 23:09 | 4920202 WillyGroper
WillyGroper's picture

it'd help if they could spell it.

How to Give a Prostrate Self Exam

Read more :

Wed, 07/02/2014 - 23:29 | 4920244 knukles
knukles's picture


Prostrate is to lie still on the ground, as in passed out face down in your own puke.
Prostate is the wall nut shaped thingamajig between your bladder and ding-a-ling that is felt by the doc by sticking their arm up yer Yahtzee

Thu, 07/03/2014 - 00:20 | 4920364 WillyGroper
WillyGroper's picture

"wall nut"

I see what you did there. Don't fall far from the ceiling do they? ;0

Thu, 07/03/2014 - 02:03 | 4920518 conscious being
conscious being's picture

I'm sorry.  Wiley Groper going on about prostate exams is quite the juxtaposition.

Thu, 07/03/2014 - 00:18 | 4920365 MeMadMax
MeMadMax's picture


No need to make shit all childish here...


You can say "When the doctor shoves his fist up your ass to examine your prostate"...



Thu, 07/03/2014 - 02:18 | 4920534 BringOnTheAsteroid
BringOnTheAsteroid's picture

I got reading and sort of forgot where I was. Have I got some explaining to do to my collegues.

Thu, 07/03/2014 - 08:47 | 4920999 shovelhead
shovelhead's picture

Jeez Knucks...

What if I hit a g-spot or something. That kinda shit would shift yer foundations all to hell.

Wed, 07/02/2014 - 22:54 | 4920164 economics9698
economics9698's picture

Election year bull shit. Everyone thinks its Cloward and Piven but it is Saul Alinsky. Get people pissed off and watch them look like idiots.

Thu, 07/03/2014 - 08:52 | 4921018 shovelhead
shovelhead's picture

You're way off base.

It's really Dr.Howard, Dr.Fine, Dr.Howard.

Thu, 07/03/2014 - 02:20 | 4920535 Welder
Welder's picture

No, the US govt. needs the iiliterates, the uneducated in the US. Same thing is happening in Western Europe. They will be used against an ever weaker, aging middle class. They ARE used.  Demographic is a bitch.

Thu, 07/03/2014 - 04:06 | 4920625 ThirteenthFloor
ThirteenthFloor's picture

MFL8240 > and the difference between current Obama supporters and illegals is ?

US collapsed in 2008 we just haven't hit the ground yet. The market euphoria is the feeling of free fall. Illegals just brought the ground closer.

Wed, 07/02/2014 - 22:41 | 4920136 stinkhammer
stinkhammer's picture

fna thanks brics

Wed, 07/02/2014 - 22:41 | 4920138 Mentalic
Mentalic's picture

So, all this money that they are printing will eventually come back to the US...Great !....Gives a whole new meaning to the word "Greenback" !

Wed, 07/02/2014 - 22:42 | 4920139 SofaPapa
SofaPapa's picture

The majority of the population of the US has no idea this is going on, and the surprise is going to be epic when this tips over and the resulting effects arrive in the domestic market.  But of course: "No one could have seen it coming..."

Wed, 07/02/2014 - 22:49 | 4920150 Dublinmick
Dublinmick's picture

Michael J. Fox says give me another aspartame diet cola., give my Hollyweird money to med america, it is going to help me doncha know. Hell Tracy and I did not know about aluminium cookware, teflon, vaccines, fluoride etc. But hey I gave what money I had left to Isreal, they are going to find a cure and make me good as new.

Wed, 07/02/2014 - 23:07 | 4920193 conscious being
conscious being's picture

Somebody here was reccomending galvanized drinking water buckets for wells the other day!  

Wed, 07/02/2014 - 23:00 | 4920179 stoneworker
stoneworker's picture

Yeah when that moment comes the champagne corks are going to be popping here....I got mine ready.

Wed, 07/02/2014 - 22:43 | 4920140 Eireann go Brach
Eireann go Brach's picture

The BRICS and the rest of the world is fucking morphing into a "We hate the US and Obama alliance".

Wed, 07/02/2014 - 22:56 | 4920167 Nobody Important
Nobody Important's picture

Can you blame them? They are tired of being bullied by the US and see a chance to get even.

Wed, 07/02/2014 - 23:08 | 4920197 conscious being
conscious being's picture

Thank you Jim Willie.

Thu, 07/03/2014 - 01:50 | 4920504 Kprime
Kprime's picture

that includes no small number of americans

Wed, 07/02/2014 - 22:42 | 4920141 screw face
screw face's picture


Wed, 07/02/2014 - 22:44 | 4920144 Dublinmick
Dublinmick's picture

No kidding you must be funning me

Wed, 07/02/2014 - 22:45 | 4920145 pachanguero
pachanguero's picture

I live in Thailand and speak Spanish and portuguese.  And I can tell you that Brazil has huge probllems.   There are huge numbers of poor people there. As the riots have shown there's an underclass it's very aggressive.  Never forget thet Brazil was originally a huge left-wing utopian concept state.  It's very bureaucratic and top-heavy.

The heavy hand of the state exists in all countries.  Here in Thailand there the verge of Civil War. But the party goes on. Nothing s going to stop the drugs and hookers . Why? because the vaunted military involved in it  


oh wait! I'm talking about my country of origin America also!


Wed, 07/02/2014 - 22:53 | 4920160 SF beatnik
SF beatnik's picture

Not to worry. Brazil's favella denizens are welcome, here, in the USA. We need to enlarge the favellas in L.A.  

Wed, 07/02/2014 - 23:27 | 4920239 conscious being
conscious being's picture

I hope you are not the wingman SFbeatnick.  You're drawing some sideways glances.

Thu, 07/03/2014 - 01:25 | 4920227 conscious being
conscious being's picture

Total BS about Thailand on the verge of civil war.  

The farmers have gotten paid, the killings have stopped and forensic accountants are going over how and where the money went.  

Its only you, Robert Amsterdam and your CFR Land Destroyer pals still dreaming about how you might profit from same.  So a take it the real scoop in Brasil is that things aren't so bad after all.

I'm immensely proud of the Thai people that had the courage necessary to save their country from a terrible fate.

Three down arrows?!  Is that you Robert Amsterdam?  Maybe Robert Kagan, PNAC author, his wife Vicky is busy over throwing Ukraine and also part of CFR.  Here improve your understanding

Or ... explain yourself.


Thu, 07/03/2014 - 01:32 | 4920476 The_Prisoner
The_Prisoner's picture

Land Destroyer is a great blog for SE Asia geopolitics, especially Thailand.

The globalists of Those-who-shall-not-be-named persuasion and their puppets have been sharpening their claws at ushering entire SE Asia into debt servitude and as a fulcrum of military opposition to China.

Thu, 07/03/2014 - 02:08 | 4920527 conscious being
conscious being's picture

Exactly.  The people here have just dodged a bullet.  Throughout their history, they have proven to be good at it.

Thu, 07/03/2014 - 02:12 | 4920531 The_Prisoner
The_Prisoner's picture

Good collective karma I suppose.

Thu, 07/03/2014 - 02:29 | 4920540 MEAN BUSINESS

OMFG, the *C* word on ZH with "good" as the adjective. 

Thu, 07/03/2014 - 03:12 | 4920583 The_Prisoner
The_Prisoner's picture

ha-ha-ha! Being the case with Karma, the fundamental currency, you do not have to take from someone else in order to increase your lot.

Thu, 07/03/2014 - 04:45 | 4920669 MEAN BUSINESS

unless you find yourself short on Karma but well endowed with 'USD', then it's irresistible. Hence C O R U P T I O N  so we lie and shout that because of our USDs we own Karma. Of course that ain't true so we double down and double down and double down... till we go insane and drag as many and as much down with us as we can???

Isn't it best for the collective that something comes along, before it's too late, and stops the insanity that threatens us all?

Paris is that thing. It's all "good".

Thu, 07/03/2014 - 04:00 | 4920618 conscious being
conscious being's picture

Re. Good collective karma

I certainly hope so. Wonderful place with wonderful people.

Not everybody agrees though.  Some people come here and wonder aloud about stuff like 'why can' t things be more like in The West!?!'

But hey The_Prisoner, you put up some great posts and the TV show was terrific.

Thu, 07/03/2014 - 09:01 | 4921052 shovelhead
shovelhead's picture

The problem with Karma is that you have to be dead to get it and then you won't know about it anyway, so when you come back as a garden slug you'll just say "Cool, whats to eat around here."

Karma is highly overrated.

Thu, 07/03/2014 - 09:39 | 4921174 conscious being
conscious being's picture

 Check The Tibetan Book of the Dead.  Carl Jung has a great  comentary on same.  Reading the comentary, you can see how the break with Freud came about.  Cheers

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