This page has been archived and commenting is disabled.

De-Dollarization Accelerates - China/Russia Complete Currency Swap Agreement

Tyler Durden's picture




 

The last 3 months have seen Russia's "de-dollarization" plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia's oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. “"The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China," the Russian regulator said.

 

As RT reports,

In early July, the Central Bank’s chairwoman Elvira Nabiullina said Moscow and Beijing were close to reaching an agreement on conducting swap operations in national currencies to boost trade. The deal was later discussed during her trip to China.

 

President Vladimir Putin, during his visit to Shanghai in May, said cooperation between Russian and Chinese banks was growing, and the two sides were set to continue developing the financial infrastructure.

 

“Work is underway to increase the amount of mutual payments in national currencies, and we intend to consider new financial instruments,” Putin said after talks with President Xi Jinping.

It appears the deal is done...

The Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments.

 

The draft document between the Central Bank of Russia and the People’s Bank of China on national currency swaps has been agreed by the parties,” and is at the stage of formal approval procedures, ITAR-TASS quotes the Russian regulator’s office on Thursday.

 

The Russian Central Bank is not giving precise details on the size of the currency swaps, nor when it will be launched. It says this will depend on demand.

 

According to the bank, the agreement will serve as an additional instrument for ensuring international financial stability. Also, it will offer the possibility to obtain liquidity in critical situations.

 

The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China,” the Russian regulator said.

 

Currently, over 75 percent of payments in Russia-China trade settlements are made in US dollars, according to Rossiyskaya Gazeta newspaper.

*  *  *

And as we have explained repeatedly in the past, the further the west antagonizes Russia, and the more economic sanctions it lobs at it, the more Russia will be forced away from a USD-denominated trading system and into one which faces China and India.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 08/09/2014 - 14:22 | 5070325 Seasmoke
Seasmoke's picture

Thats the plan !!!....Blame Russia for the collpase

Sat, 08/09/2014 - 14:27 | 5070339 nidaar
nidaar's picture

"and we intend to consider new financial instruments"

Can you spell G.O.L.D ?

Sat, 08/09/2014 - 14:44 | 5070390 ZerOhead
ZerOhead's picture

The NeoLibs better get on the phone to their NeoCon bretheren and come up with a different plan of action FAST

The current course they are on is crazier than Dick Cheney on bath salts...

Sat, 08/09/2014 - 15:03 | 5070454 kliguy38
kliguy38's picture

heheheheh.....goood one.... how bout this one.......DOLLARS DOLLARS ...git your fresh hot DOLLARS....right here.......DOLLARS DOLLARS GIT YOUR FRESH HOT DOLLARS......

Sat, 08/09/2014 - 15:45 | 5070566 Publicus
Publicus's picture

Putin: Checkmate.

Sat, 08/09/2014 - 15:48 | 5070570 Eyeroller
Eyeroller's picture

Obama:  King me.

Sat, 08/09/2014 - 16:15 | 5070665 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

It appears as if old trading alliances are trumping the WTO and this globalization crap.

Sat, 08/09/2014 - 16:44 | 5070742 g speed
g speed's picture

when the boarder between Russia and China is as free as the one between Canada and the US I will believe it's for trade---till then it's a  valve for the oligarchs to move money safely ---imho 

Sat, 08/09/2014 - 17:50 | 5070922 SWRichmond
SWRichmond's picture

agreements to cooperate in a crisis in non dollars are central to this entire arrangement and that much should be obvious.  This means a crisis us expected.

 

accelerated cooperation activity among BRICS central banks is also indicative of expectation of a crisis.

Sun, 08/10/2014 - 00:39 | 5071920 Leonardo Fibonacci2
Leonardo Fibonacci2's picture

Eyeroller wrote "Obama:  King me."

Should rather be,  Obama: Cock me.

Sun, 08/10/2014 - 14:05 | 5073002 The Black Bishop
The Black Bishop's picture

Obama: Reggie!!!!!!

Sun, 08/10/2014 - 16:41 | 5073472 knukles
knukles's picture

It's the weather

Sat, 08/09/2014 - 20:33 | 5071370 Wilhelm von Pissed
Wilhelm von Pissed's picture

US/Canadian border free?  Try telling that to the boy scout that just had a gun put to his head at the checkpoint.

 

There appears to be a national schizophrenia in this country that still parrots the party-line that we are free.  Nothing could be further from the truth.  The sooner this economy collapses, the safer we, and the world, will be.

 

 

 

Sun, 08/10/2014 - 09:03 | 5072347 Supafly
Supafly's picture

Obama:  Queen me

Sun, 08/10/2014 - 12:12 | 5072727 barre-de-rire
barre-de-rire's picture

queer*

Tue, 08/12/2014 - 18:51 | 5084438 Liberum1776
Liberum1776's picture

checkmate?  WHAT?  We are playing Checkers you can "Checkmate" in Checkers!!!!!  What da u mean we are playing Chess, Master Putin?

Sat, 08/09/2014 - 15:13 | 5070479 cpnscarlet
cpnscarlet's picture

I can't spell it as fast as the banksters can naked short the COMEX, however.

As always, this story is gold-negative.

Sun, 08/10/2014 - 09:28 | 5072369 Bendromeda Strain
Bendromeda Strain's picture

Naked shorting the COMEX is gold negative? I have checked, and the element could not care less what the desperate paper wankers do. Once again for the terminally obtuse - everything in its time, and gold on sale should CONTINUE to be viewed as a gift.

Sun, 08/10/2014 - 11:01 | 5072547 armageddon addahere
armageddon addahere's picture

Given what we know of Chinese statistics and business methods and Russian political and financial crises, why would anyone trust their currencies?

Hint: The British pound and the US dollar were trusted around the world because they were backed by gold. When the gold disappeared so did the trust and the power that goes with it.

Sat, 08/09/2014 - 14:29 | 5070345 therevolutionwas
therevolutionwas's picture

They'll blame me too.  I put my savings in non-dollar investments.  You and me, Putin!

Sat, 08/09/2014 - 14:30 | 5070357 Winston Churchill
Winston Churchill's picture

It took WWI to collapse the British empire, and the pound.

Purely coincidental timing on the founding of the FedRes.

Even with all the low flying  black swans darkening the skies at midday.

something is still missing.Keeps slipping off my tongue.

Sat, 08/09/2014 - 15:44 | 5070565 Oldrepublic
Oldrepublic's picture

I wonder when America's Suez moment will arrive

Sat, 08/09/2014 - 18:50 | 5071074 BlindMonkey
BlindMonkey's picture

I am kicking back on the couch now watching Mad Max on Netflix. Sad to say but it is a training film.

"Nightrider: I am the Nightrider. I'm a fuel injected suicide machine. I am the rocker, I am the roller, I am the out-of-controller!"

Sat, 08/09/2014 - 19:44 | 5071229 Urban Redneck
Urban Redneck's picture

Suez Canal, Persian Gulf, Black Sea, South China Sea, Caspian Sea, Nicaragua Canal pick your favorite body of water, what difference – at this point, what difference does it make?

Sun, 08/10/2014 - 17:41 | 5073692 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Here's what Morrisey's got to say:

https://www.youtube.com/watch?v=XbOx8TyvUmI

 

Sun, 08/10/2014 - 10:20 | 5072451 Cat Sniper
Cat Sniper's picture

America's Suez moment may have been Syria.

Sat, 08/09/2014 - 19:19 | 5071158 Luckhasit
Luckhasit's picture

The soft target.

Tue, 08/12/2014 - 18:55 | 5084455 Liberum1776
Liberum1776's picture

Honestly cannot remember the book but a case was made that the USG helped to push WWI using it to weaken the two major powers (Britain and France...yes, they were somewhat major at the time).  The idea was to weaken them to the point the USG could challenge them on the High Seas (Oh, look at that great white fleet coming over the horizon...yes, it predates the war but hey, it was done to make a point to both countries).  End result, the finishing off of both countries as world powers at the conclusion of WWI (1945).

Sat, 08/09/2014 - 14:51 | 5070419 Bossman1967
Bossman1967's picture

But Putan wont start a war so here comes ISIs if they wont or cant guess that leaves good ole IRAN

Sun, 08/10/2014 - 15:26 | 5073218 Volkodav
Volkodav's picture

Iran has not started any war in 200 years.

Sun, 08/10/2014 - 20:01 | 5074313 o2sd
o2sd's picture

Well, 192 years anyway, but what is 8 years between friends.

Sat, 08/09/2014 - 16:02 | 5070582 Jumbotron
Jumbotron's picture

This is what REALLY will kick off WW V.  (The previous world wars being the 7 Years War or the French & Indian War.....WW "1"....ww"II".....and the Cold War).

"Nobody puts Baby (dollar) in a corner !"

 

Heads up !   Look for who the proxies in this war will be.  This World War will NOT be a standup fight between the Chi-Roosks and the Americans.  Too much money and material at stake.  Look for the pawns.   HHmmmm.......now where can we find a bunch of crazy ass, well armed pawns armed with both Russian and American weapons......hhhmmmm......somewhere dry and less forested than Viet Nam.  Close to a bunch of oil.........hhhhhmmmm........just where can that be?

Sat, 08/09/2014 - 20:54 | 5071408 Vilonia
Vilonia's picture

I will bet the farm than Vald and XI have their personal (stolen) fortunes in good old American Dollars - just like Saddam did!

Sun, 08/10/2014 - 06:26 | 5072179 August
August's picture

Eurasian Growth 'n' Income

Sat, 08/09/2014 - 20:55 | 5071413 Vilonia
Vilonia's picture

I will bet the farm than Vald and XI have their personal (stolen) fortunes in good old American Dollars - just like Saddam did!

Sun, 08/10/2014 - 01:13 | 5071973 good man
good man's picture

My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... http://goo.gl/bhiamE

Sat, 08/09/2014 - 14:38 | 5070347 Renfield
Renfield's picture

Is the growth of these swap agreements accelerating? Or am I just noticing it more, but it's still just a handful here and there to lay a trading foundation? I notice that one of Russia & China's agreements did not include currency at all - the terms reported were so much oil for so much equipment, or something like that. Was that a barter agreement? Or is that sort of thing common? I have so many questions and nothing in my experience to answer them, but this is fascinating to watch.

Sat, 08/09/2014 - 17:32 | 5070885 buyingsterling
buyingsterling's picture

Trade represents a fraction of capital flows; until there is another sink for the trillions managed by institutions and sovereign wealth funds, the dollar will be the reserve currency.

Sun, 08/10/2014 - 12:03 | 5072703 viahj
viahj's picture

wouldn't that would imply that some future 'sink'  (Yuan bonds or Yubles/SDR-like something) would be willing to trade (accept) for dollars?  i think not.  i think that one day all those 'dollar' assets go poof.  got tangibles?

Sun, 08/10/2014 - 01:57 | 5072039 lasvegaspersona
lasvegaspersona's picture

Renfield...seriously

China has swaps with every one but the US. In October they signed one with the EZ. Russia just did India 2 weeks ago and the BRICS bank thingy in Brasil several weeks ago.

It is all systems go for de-dollarization.

THe Saudis are the one remaining piece.

Sun, 08/10/2014 - 14:59 | 5073138 Estrella
Estrella's picture

Renders, " Was that a barter agreement? Or is that sort of thing common?"

The big advantage to China and Russia is that barter exchanges avoid Federal income taxes.

Sat, 08/09/2014 - 14:29 | 5070353 ekm1
ekm1's picture

We are about to see the overthrow of Bank Lobby rule and their own president Obama.

 

Neocons of both parties will not tolerate this.

Tectonic changes in Washington DC are inevitable.

Sat, 08/09/2014 - 14:39 | 5070383 ekm1
ekm1's picture

America has a choice:

 

Bank lobby and dollar trashing

 

or

 

Neocons and strong dollar

 

Make a pick America, can't have both, can't have anybody else, no other choices.

Both sides hate each other to death (and it may be LITERALLY to death)

 

Sat, 08/09/2014 - 14:40 | 5070388 Renfield
Renfield's picture

ekm, how would the strong dollar option work?

20% rates again? at this point would that even make a difference?

Sat, 08/09/2014 - 14:45 | 5070400 ekm1
ekm1's picture

No. This is not a matter of debt, this is a matter of excess reserves, of too much dollars

Give me few minutes to type up a short summary

Sat, 08/09/2014 - 14:53 | 5070428 Bossman1967
Bossman1967's picture

I keep telling my wife ill take the reserves if there is too much hand it over

Sat, 08/09/2014 - 14:58 | 5070429 ekm1
ekm1's picture

People confuse Debt with Reserve.

 

Debt is self destructive. Default and gone. Debt is no problem.

 

The problem is Reserves.

 

You see, Fed and Commercial banks create USD reserves, but only the Fed and Gov can EXTINGUISH them. 

 

Since dollar de-link in early 1970s here's USD dollar reserves created:

 

- $19 trillion in pensions

- $11 trillion in deposits

- $7 trillion in the world 

- $4 trillion created by QE

That is officially about $40 trillion

 

Then there is another $20-30 trillion in offshore accounts in about 80 locations in the world, unaccounted for.

http://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21...

 

That makes it $60-70 trillion sloshing around which can extinguished only by the Fed or Government

 

Now think: World GDP is about $80 trillion which is INSTANTLY claimed by those USD reserves, since most of world output, trade is denominated in USD

 

 

Solution:

Extinguish $10-20 trillion. Not via bail-ins since it will literally be world war, but by bank shutdowns and closures, like offshore banks etc.

There will be some minimal bail-in also.

 

Otherwise, world will simply drop USD, because there is too much of it.

 

Conclusion:

There is too much dollars and there are too many insolvent oligarchs who hold only financial assets who will become poor very soon.

Sat, 08/09/2014 - 15:04 | 5070453 Renfield
Renfield's picture

Thanks ekm. I am going to have to think over the repercussions of this. I think you're saying (if I understand) that they are going to 'disappear' roughly 15% of the reserves that someone considers their asset? (wonder who those 'folks' would be) I thought it would be pretty much bankers staying the course they are on, but this second approach sounds deflationary to me. Much appreciation for this detail you wrote.

Sat, 08/09/2014 - 15:04 | 5070457 ekm1
ekm1's picture

Yes, deflationary. Issue is who's assets will go through deflation.

Neocons win,bankers lose

Military hates bank lobby now. They were back stabbed.

 

Whoever has military's backing wins. That is what history says

Sat, 08/09/2014 - 15:08 | 5070465 Renfield
Renfield's picture

The military would at least get paid that way. Frankly, being at war will not only pay the military (so at least someone's employed) but provide plausible cover for the trade war stuff, bank closures, etc. It would not seem like it was a race to save the currency then, but could be blamed entirely on politics. They would hope with a deflationary event, faith in the fiat might not be lost. It's interesting to think about, thanks for these comments.

Sat, 08/09/2014 - 15:09 | 5070469 ekm1
ekm1's picture

you're welcome

Sat, 08/09/2014 - 15:52 | 5070578 piratepiet
piratepiet's picture

Why would you need to extinguish reserves ?  Can you not simply let all these dollars work through the system, by the inflation this could cause the reduction in wealth by dollar holders would be more or less evenly spread ? ( you do not have to target specific reserves to extinguish, however you do that ).  

Sat, 08/09/2014 - 15:58 | 5070604 ekm1
ekm1's picture

The spread is exactly the issue.

 

And no, it won't be evenly spread since concentration is not evenly spread.

There are those who gained USD reserves by producing something real, like Bill Gates or Koch Brothers.

 

And there are those who just got them direct from the Fed.

 

Bank lobby just got $4 trillion out of nothing, thus claiming saudi oil instantly.

Oligarchs do not like that stuff, hence war and assassinations. Shark against shark.

Sat, 08/09/2014 - 16:02 | 5070621 okyoureabeast
okyoureabeast's picture

Ekm1, do you think the fed would force the TBTF banks to buy those toxic MBS securities to suck up the excess liquidity? If not other things on their balance sheets?

Sat, 08/09/2014 - 16:21 | 5070635 ekm1
ekm1's picture

Federal Reserve is nothing. It has zero power. FOMC is bunch of academics who get paid to brag on TV and to collect speaking fees.

The issue is who controls the Federal Reserve, which lobby controls it in order to print money for itself. The issue is controlling money creating computers at NY Fed.

People with guns who are ready to use them, ultimately win

 

I do not think any normal solution of draining dollars works any longer.

Bear Stearns, Lehman drained reserves because George W Bush understood the game and ordered Lehman dead, as a good neocon that he is.

Bank lobby survived when Obama came to power and still ruling, but not for long.

 

We'll have a TRIPLE LEHMAN soon to extinguish $10+ trillions or world will simply drop USD totally.

World can handle wars.

World can never ever accept trillions of USD coming out of nothing, even at gun point.

Sat, 08/09/2014 - 16:54 | 5070774 g speed
g speed's picture

one word ekm1    -------collateral--   

Sat, 08/09/2014 - 18:45 | 5071060 ekm1
ekm1's picture

real.....collateral

Sun, 08/10/2014 - 09:11 | 5072351 itchy166
itchy166's picture

Exactly ekm.  Why would anyone put real collateral up against play money? 

 

Sat, 08/09/2014 - 18:43 | 5071020 Quus Ant
Quus Ant's picture

Awesome analysis ekm.  I'm going to read it through thoroughly in a minute. I've had a few so I'm in second gear, but my question is this:   are you taking into consideration actions/strategies of other world players?  Does the US vaporizing 10% change the trajectory?  The trend is away from the dollar and I believe the scenario you lay out would accelerate that process as the arbitrary, reactionary, schizophrenic nature of US monechangers would be- even more- apparent and imminent.  The ship has sailed.

I believe the only thing the money changers can do is what they are doing.  Closing all the exits. Cyprus.  Vactican Bank.  Zurich.  Leaving a few outlets open like Belgium to relieve pressure.  The game has been frozen- scoreboard unplugged.

It reminds me of the SuperBowl- Ravens vs 49ers.  Ravens were winning and they had the momentum when suddenly, inexplicably, the lights went out.  Remember that?  After they finally got them back on the 49ers made a comeback... but the Ravens still won (there may be a lesson).  Anyway that is what is happening now geopolitically.  The lights have been turned off before the game was lost. 

The game is lost.  No matter what the game is lost. Even if we win we will have sacrificed everything of value- anything that even mattered- for a few more moments at the top. 

 

Thanks for your comments.  and giving me something to think about. 

Sat, 08/09/2014 - 18:48 | 5071067 ekm1
ekm1's picture

In my view, the moneychangers are about to be removed from control of the Fed.

Neocons and military will take over the Fed, as they did until early 90s.

 

World will accept using USD, if US military goes back to becoming interventionists again, to impose some rule on world trade, world trade routes and world natural resource owners.

Sat, 08/09/2014 - 18:58 | 5071086 Quus Ant
Quus Ant's picture

The world isn't going to accept it.  I know this because they aren't accepting it.  They are banding together, closing ranks to best cover their asses for the fallout.  BRICS bank?  BRICS development fund?  Currency swaps? 

People aren't going to follow without benefit- unless they're under your boot.  Which is the game the US is playing.  A boot smashing a human face.  Forever.  It didn't work for the Nazis and it won't work for America, but it might end in the same place.  :)

Sat, 08/09/2014 - 19:04 | 5071128 ekm1
ekm1's picture

World is not accepting fake dollars like QE which is basically financial aggression.

 

USA is not same as NAZI. USA has never claimed anybody's else territory from the moment it became a superpower.

Sat, 08/09/2014 - 19:16 | 5071146 Quus Ant
Quus Ant's picture

manifest destiny claimed the western hemisphere entire. 

That was a good start.

Why conquer and occupy a territory when you can control it financially and increasingly culturally? 

Which tells me there were special reasons on(in) the ground that led to the invasion of Iraq.  But that's another nut.

I'll stop arguing and re-reread your post.  Just an initial impression I got. 

 

I am loathe to recommend wikipedia, but I did find this:

"Relationship with Manifest Destiny and German Lebensraum ideology

German geographer Friedrich Ratzel visited North America beginning in 1873  and saw the effects of American manifest destiny. Ratzel sympathized with the results of "manifest destiny", but he never used the term. Instead he relied on the Frontier Thesis of Frederick Jackson Turner. Ratzel promoted overseas colonies for Germany in Asia and Africa, but not an expansion into Slavic lands.Later German publicists misinterpreted Ratzel to argue for the right of the German race to expand within Europe; that notion was later incorporated into Nazi ideology, as Lebensraum.Harriet Wanklyn (1961) argues that Ratzel's theory was designed to advance science, and that politicians distorted it for political goals."

 

Evolution at work again.  IdeologyEvolution.

Sun, 08/10/2014 - 14:10 | 5072964 Quus Ant
Quus Ant's picture

So, yeah.  After re-rereading I believe your analysis suffers from a preoccupation with American strategy and goals.  The US still has a few cards to play, but This time IS different. 

After WWII America was the last man standing.  Presiding over a Europe reduced to rubble, a weakened, bloodied, but defiant Russia, and an undeveloped East Asia. 

The End of the Cold War, again, left America top dog.  Free to impose its will.

 

The conditions for hegemony no longer exist.  Europe is rebuilt.  Russia is not only defiant, but rich.  Southeast Asia is the world's economic powerhouse.  And, worst of all, they have more to gain by cooperation than bickering, sanctions and war.  The window for permanent American dominance is closing and the BRICS will slam it shut with aplomb. 

Zbigniew had a dream.  Many old men had grand dreams.  I hear about them all the time down at the coffee shop.

Peace.

 

 

Sun, 08/10/2014 - 16:31 | 5073431 ekm1
ekm1's picture

BRICs unity is a mirage.

China is a mirage

 

What is happening is just Obama hating USA so much that tried to harm the military and withdrew from world stage.

Not for long. Neocons will overpower him

Sat, 08/09/2014 - 15:59 | 5070608 blazinrabbit
blazinrabbit's picture

Sorry, double post.

 

Sat, 08/09/2014 - 15:59 | 5070609 blazinrabbit
blazinrabbit's picture

It's not going to be that easy. The banksters have their own private armies, and I would guess, access to a nuke or two. 

 

Sat, 08/09/2014 - 16:02 | 5070618 ekm1
ekm1's picture

That's why I say assassinations and dead executives lying on streets may occur soon.

Sat, 08/09/2014 - 16:39 | 5070729 Winston Churchill
Winston Churchill's picture

I would like to think you are right. Too little, too late, though IMO.

The RoW will want the US military castrated at this point to retore any

faith, and therefore credit, to the system.

Sun, 08/10/2014 - 11:37 | 5072633 Atomizer
Atomizer's picture

Nice job Ekm1. The bounty is coming after them. They feel the true fear on being on the wrong side of the fence. The Clintons misguided them. They assured everyone would flock in droves under modified ideology transformation. They underestimated the public resistance. Cannot say anymore, hope you understand my riddled post. 

Sun, 08/10/2014 - 09:24 | 5072364 kito
kito's picture

No dollars no military. Very soon the military will be a shell of itself as the funding dries up. Bases will be closed worldwide, pentagon contractor employees will be unemployed. Nobody needs the backing of the military.

Sun, 08/10/2014 - 16:28 | 5073420 ekm1
ekm1's picture

Since when it's so difficult to type digits into computers?

That's what "funding" means nowadays

Sun, 08/10/2014 - 17:58 | 5073741 MarkD
MarkD's picture

I agree. Financials fund the MIC..... not the other way around. War party get their power from the money creators.

Sat, 08/09/2014 - 18:37 | 5071031 Simplifiedfrisbee
Simplifiedfrisbee's picture

Ekm, it is clear you do not want the bloody dollar to destruct. So be it. It is thus, you believe deflation is a solution to an inflationary problem. The financial architects will never allow deflation for the good of the whole. They are souless autocrats, not compassionate helpers. It is obvious they cornered deflation and favored inflation. They made their decision several years ago. We will never see deflation until the USD is destroyed. Lastly, the military is a product of the financial construct. To say their is a separation of ideals between the produce created by money and its labour is incredulous to me. Your mind seems to be running to make sense of a satanic and destructive system. Little sense can be made in a crazy system.

Sat, 08/09/2014 - 19:02 | 5071120 ekm1
ekm1's picture

No, it's the opposite.

Financial Construct is a product of Military Power.

One who has the guns rules.

 

And yes, most of the world would prefer american hegemony, pax-americana, but not abusing that power by printing $4trillion USD

Sat, 08/09/2014 - 19:35 | 5071183 Simplifiedfrisbee
Simplifiedfrisbee's picture

Guns do not create rules nor do they create laws. They are either a means to destroy them or defend them. Weapons take men of great responsibility to wield them. It is men of all nations and of all colors who possess moral integrity, enlightenment, and a value of Love, not only to God, but also to their neighbor who hold the power to create jurisdiction that results in the foundation on which civility can be constructed upon.

Finicial weapons are what ignite a race to protect them. A nucleur bomb would have the same chance as a submarine to be built by the tribes who live in Amazonia. Yes, finance contributed to the weaponization of military. Afterall, that which held value needed protection. It is a logical progression of power. If the gun were the basis of value then the gun would be the basis of trade. Fuck you pay me or get shot or fuck you work for me or get shot.

Sat, 08/09/2014 - 19:49 | 5071241 ekm1
ekm1's picture

Laws and rules cannot be implemented without threat to use guns

Sat, 08/09/2014 - 20:54 | 5071402 Simplifiedfrisbee
Simplifiedfrisbee's picture

Repercussions are what implement the rule of the land. I can not disagree with you as guns can be a means to subjugate a society but that will by no manner stimulate growth to any civilization. The threat is key indeed. But the actual force is degenerative and regressive by nature. Newton's third law is a valid reference of what to expect in a society which deems to "live by the gun." They die by the gun. You know where the US is headed.

Sun, 08/10/2014 - 07:22 | 5072217 UselessEater
UselessEater's picture

first they need the power to control or at least dominate the gun

bankers and MIC are one and the same

ask my Queenie about the British East India Company

ask Catherine Austin Fitts about the Nazi's

2 simple points of enquiry

you'll know a lot more about current corporations, MIC, Bankers and guns... all quite cozy

still laughing at the idea bankers are cranky with the MIC - the MIC own the banker IT systems for fuck sake

its a circular argument

 

Sun, 08/10/2014 - 14:20 | 5073052 Deathrips
Deathrips's picture

Do any of you think that the MIC will bite the hand that feeds them.....?

The govt is a gatekeeper for the owners of the FED and that is all. Illegitimacy through and through.

 

RIPS

 

 

Sun, 08/10/2014 - 09:55 | 5072398 kito
kito's picture

ekm your military lobby will be nothing when it starves.....no matter whether it comes by deflation or hyperinflation, the funding to the military will dry up.....

 

Sun, 08/10/2014 - 16:34 | 5073450 ekm1
ekm1's picture

It is as simple as controlling computers where money is created.

No need for bank lobby

Sun, 08/10/2014 - 13:33 | 5072915 Optimusprime
Optimusprime's picture

You seem to be on the same wavelength as Radical Marijuana, with a more fine-grained analysis of contemporary capital flows.

Sun, 08/10/2014 - 02:01 | 5072041 lasvegaspersona
lasvegaspersona's picture

ekm

one day those dollars will just go ...poof...

The world's bankers know how many there are and they know they will never be redeemed for real wealth.

They are preparing for that day. De-dollarization is that preparation.

Look for gold to be the next reserve asset and things will start to make sense.

Sun, 08/10/2014 - 16:34 | 5073444 ekm1
ekm1's picture

If that continues, then look for dead executives lying down on streets

Sat, 08/09/2014 - 14:48 | 5070410 Seasmoke
Seasmoke's picture

What if you/me hate BOTH fucking sides ????......or better question, which side is for GOLD IS MONEY ????

Sat, 08/09/2014 - 14:58 | 5070439 ekm1
ekm1's picture

That applies to a financial system.

But you can't buy a coffee with gold coins

Sat, 08/09/2014 - 16:09 | 5070638 logicalman
logicalman's picture

I've got a coffee in my hand right now.

If anyone wants to buy it with gold coin, I'm in. I'll have a glass of water instead.

 

Sun, 08/10/2014 - 10:08 | 5072427 McCormick No. 9
McCormick No. 9's picture

OK ekm1, I've read your entire thread. I think you are sncere, but what you propose will never happen.

Pensions have reserves? You've got to be kidding me. Everything is bankrupt. Reserves have all been used as collateral for debt. They exist nowhere except in the imagination.

You presume that at this point there are options. That is a big mistake. If there were a range of options to get us out of this mess, I'm sure some of them would have been tried by now.

You may argue that QE is not working and we now need to reduce the number of dollars floating around in order to preserve reserve currency status. But this will only collapse the economy. Removing 20 trillion will make the whole scam go up in smoke. There are so many holes in the ballon that nothing keeps it inflated except more QE hot air.

You're right about a couple of things, but only accidentally, for the wrong reasons. Yes, the dollar will dominate, and neocon-ish ideology will dominate.

The dollar will become the global currency. This will be a victory for only the darkest forces. The dollar will dominate because:

1. It is literally encrusted with occult symbols and 666.

2. US led economic and military destabilization will sap the ability of BRICS nations to use their new currency union for economic growth. Look for escalation in Ukraine, more violence in Pakistan/Kasmir, ebola spreading in S-Africa, banskter hit jobs on Brazil, military containment and simultaneous provocaton on China's periphery.

3. All of this activity to contain BRICS will sap US economic strength. Guns are expensive. Wars are the primary cause of national bankruptancy. QE will continue to infinity, but QE/inflation doesn't matter (in the short term) as long as the dollar is the reserve currency.

All of this will only mean the US will increase its cooperation with Israel, the fountainhead of neo-con ideology. Entanglement with Israel will increase, even as Israel becomes ever-more hated and loathed by US leaders. The above destabiliation cannot be carried out without Israeli leadership.

The dollar has been hijacked by Rothschild/Israeli forces, who need US economic strength to back up its imperial aggression on the middle east.The US needs Israel to help it destabilize  and economicaly hamstring the rest of the globe.  It is a Bonnie and Clyde partnership destined for tragedy.

Israel, however, will lose all of its drive once it actually annexes the West Bank and siezes control of the Temple Mount. These two things are Israel's only true objectives. At this point, the entire world will turn against Israel and the banker hegemony imposed upon the planet by Israel through the dollar. At this point, the economy will collapse. Israel, unable to defend herself and abandoned by the US, will be over-run and cease to exist. The deflationary collapse will be utter and complete. The planet will descend into anarchy and chaos. It will be a time of trouble such as there never was.

 

Sun, 08/10/2014 - 16:32 | 5073440 ekm1
ekm1's picture

Brics unit is a mirage.

China is a mirage without food security and they will never have food security

 

 

US Military is like city police. Constant patrolling of streets needed, otherwise gangs fill the void.

 

US military needed, otherwise gangs like Putin, Jinping and Khamenei fill the void

 

Neocons are coming back. They will ovepower bank lobby soon

Sun, 08/10/2014 - 16:41 | 5073477 ekm1
ekm1's picture

Rothchilds are gone.

Rothchilds were strong when British Navy was strong. Nobody cares about Rothchilds now.

 

Now it's about Warren Buffett, Bill Gates, Koch Brothers and other oligarchs. These ones do not care about old ones, like Rothchilds and Rockefellers.

 

These new brand of oligarchs do not seem to get along and warring each other, particularly now that chinese and russian oligarchs are taking away pieces of the world pie.

 

Civil war among western oligarchs continues. Blood will be shed.

Sat, 08/09/2014 - 17:17 | 5070777 Reptil
Reptil's picture

tectonic? sure.
will that change Bank Lobby rules? maybe, for a while.
then... neo-cons... the old warmongers
wars cost money
neo-cons especially are playing the "bad cop" in the ukraine thing.
they all see it as a game. "how to piss off russians, and steal everything but the kitchen sink."
they're all in it together. like a giant pool full of slimy creatures.
(Victoria Nuland married with Robert Kagan is just one example)
but to the ones controlling them, in turn, they're useful idiots that think they're on top of the game.

the central bankers' whole purpose is to survive ANY political change.
they sit back in some quiet office in Basel and watch.
so the answer to the question "will that solve the probem?" is "no".
the problem is systemic.

"When written in Chinese the word crisis is composed of two characters.
One represents danger, and the other represents opportunity." JFK
(which isn't exactly correct linguistically, but who's counting? I'm not.)

Thu, 09/11/2014 - 16:07 | 5208044 lincis
lincis's picture

I really do hope so.

Thu, 09/11/2014 - 16:07 | 5208045 lincis
lincis's picture

I really do hope so.

Sat, 08/09/2014 - 14:30 | 5070355 Buster Cherry
Buster Cherry's picture

Well now, maybe all that silver I got at 30 bucks oz will come back to it and I can quit slapping my head. I just hope the worlds not on fire then.

Sat, 08/09/2014 - 14:32 | 5070361 greatbeard
greatbeard's picture

>> silver I got at 30 bucks oz

Dumbasses love company.  Welcome friend.

 

 

Sat, 08/09/2014 - 14:34 | 5070371 Jackagain
Jackagain's picture

You dummies....I paid $28.50 for mine ;-)

Sat, 08/09/2014 - 15:51 | 5070577 Took Red Pill
Took Red Pill's picture

and I believe it got up to about $48. It will get back there and more!

Sat, 08/09/2014 - 16:11 | 5070651 logicalman
logicalman's picture

I'd be up on my yellow shiny - down on my white shiny, if measured against the dollar, except for my holey canoe.

Sat, 08/09/2014 - 16:13 | 5070656 Atomizer
Atomizer's picture

$19 oz for me. I forgot what my large gold purchase was in 2001. We'll call it dirt cheap. Nope, US has no inflation issues.

/ sarc 

Sat, 08/09/2014 - 16:15 | 5070662 Bill of Rights
Bill of Rights's picture

Started @ $10 here bitches....

Sun, 08/10/2014 - 16:55 | 5073529 Overfed
Overfed's picture

I bought a bunch at $28, and whole bunch at $20. Then lost it in a boating accident.

Sat, 08/09/2014 - 14:33 | 5070367 Skateboarder
Skateboarder's picture

You didn't buy silver to measure it in dollars. Remember that amigo.

Sat, 08/09/2014 - 15:20 | 5070501 TVP
TVP's picture

...Yeah, that's what I like to tell myself as well

Sat, 08/09/2014 - 20:21 | 5071127 Quus Ant
Quus Ant's picture

ha ha!  touche. 

hurts because it is so true.

Sun, 08/10/2014 - 10:25 | 5072463 A82EBA
A82EBA's picture

But we did buy silver to hold its value against other things of value that we need, like housing and food, but those keep going up in usd requiring more and more silver in order to trade for them even with a constantly devaluing dollar. I dont seem to be getting ahead buying more and more silver/gold because it keeps costing more metal to be able to trade for things i really need. I know I kow, Au/Ag going up soon and things will even out once they loose ability to suppress price...i just hope im still alive by then

Sun, 08/10/2014 - 12:13 | 5072728 Not My Real Name
Not My Real Name's picture

I buy precious metals for one reason: insurance against currency collapse. Those of us who do, focus on how many ounces we have -- not the currency required to buy them.

Those who buy PMs for other reasons are subject to disillusionment.

 

 

Sun, 08/10/2014 - 14:03 | 5072999 espirit
espirit's picture

They pay us in debt coupons, and we in turn convert to real money.

Not the most efficient system and there are middlemen involved, but what the hey....

Sat, 08/09/2014 - 17:08 | 5070830 Freddie
Freddie's picture

+1

The usual wisdom from our skateboarding friend.

Sat, 08/09/2014 - 14:31 | 5070356 yogibear
yogibear's picture

The US Federal Reserve needs help in destroying the dollar. Along comes Russia and China as easy scapegoats. Oops, the Fed never saw it coming.

Sat, 08/09/2014 - 14:31 | 5070359 Kirk2NCC1701
Kirk2NCC1701's picture

They have NO choice.  It's now a question of who gets "there" first: DOLLAR'S END-RUN vs. DOLLAR-ENDS RUN!

This is a foot race to the finish.  Gloves are coming off on both sides.  And other mixed metaphors.  ;-)

 

Sun, 08/10/2014 - 13:27 | 5071064 Quus Ant
Quus Ant's picture

Cracked me up. It will be hilarious to read about whats going on today in a history book in 40 years.  Sad really.  How much will be glossed over.  Rearranged.  Diced.  Spliced.  Forgotten and shed whole cloth. 

I think I'll write a book.  "What if the Nazis had won?.... and other Nonsense"

Sat, 08/09/2014 - 14:33 | 5070365 AlmostUncirculated
AlmostUncirculated's picture

Thanks for the link, Drudge :)

Sat, 08/09/2014 - 15:13 | 5070480 Tsunami Wave
Tsunami Wave's picture

Drudge Readers:

 

Your re-education begins here.

- There is no real differences at the federal level of the Republican & Democratic parties.

- Inflation, Debt-Based, and Fractional-Reserve Lending Money is the root cause of our warmongering and comsumer-overspending evils.

 

Please continue reading this site to see just how far deep the rabbit hole goes with global corruption (amongst other topics).

Sat, 08/09/2014 - 15:15 | 5070484 Renfield
Renfield's picture

heh, wish this could be stickied to the top of the post!

Sat, 08/09/2014 - 14:34 | 5070368 Jackagain
Jackagain's picture

And as we have explained repeatedly in the past, the further the west antagonizes Russia, and the more economic sanctions it lobs at it, the more Russia will be forced away from a USD-denominated trading system and into one which faces China and India."

 

Sounds like that's the Bilderberger plan...

Sat, 08/09/2014 - 14:33 | 5070369 greatbeard
greatbeard's picture

Makes no difference to me .  I'm just about out of dollars either way.  I'm either broke and up shit's creek, or I'm broke and up shit's creek, depending on which way this one falls.

Sat, 08/09/2014 - 14:44 | 5070397 Skateboarder
Skateboarder's picture

No need to feel lonely, GB, "Upper" Shit Creek is a very populated place. Population: 6 billion, give or take a few hundred million.

Sat, 08/09/2014 - 15:55 | 5070597 Jumbotron
Jumbotron's picture

Hey brothers.....can ya'll spare a paddle?   My arm is sore and my hand smells like shit.

Sat, 08/09/2014 - 14:43 | 5070394 Dubaibanker
Dubaibanker's picture

If the USD demand for trade by two of the largest economies in the world is declining so rapidly, then when will USD value collapse?

From the previous so called 'rag tag' / sanctioned economies such as Iran, Venezuela, N. Korea, Sudan, Somalia etc are also finding their way away from Eurozone as well as the USD.

In addition to the Russians and the Chinese deciding to do more business in their respective currencies instead of the USD just today, Venezulean oil company decided to dump the troubled Espirito Santo bank and go again.....drum roll please.....straight into the lap of a Chinese bank!

PDVSA switches to China Citic Bank from Portugal's BES -document

I am finding it hard to digest that USA does not know what they are doing........so is this positioning of the US to put band aid solutions on its economy and banks while at the same time ensuring that there are enough wars and enough nations who will join hands together before the US economy totally collapses is moving to a situation where US economy will totally collapse and blame goes to the foreigners...?

Sun, 08/10/2014 - 03:31 | 5072107 hedgiex
hedgiex's picture

Concerns should be more for the Euro Banks. They are outside safety rings of BRICS and can continue their dances of death with US FED.

Sun, 08/10/2014 - 09:32 | 5072370 chubbar
chubbar's picture

I thought I knew quite a bit about how currencies worked post Bretton Woods but I have to say that after reading this PHd level dissertation on the FOFOA web site, not sure I really did (or do) understand currency floats, etc.

I highly recommend everyone go to the link and get exposed to information I had never even heard about with regard to this subject. I'm finding it harder and harder to feel I understand what is happening in the world. These bankers are fucking nuts.

http://fofoa.blogspot.com/

BTW, while it is a freegold web site, this article should be a tyler post here on ZH because it is fascinating and very informative, assuming you can unpack it. Bring a coffee.

Sat, 08/09/2014 - 14:44 | 5070395 Son of Loki
Son of Loki's picture

"De-Dollarization accelerates...."....It's no wonder everyone is buying gold and silver.

 

I'd buy a few [dozen] trucks of oil if I had a place to store it.

Sat, 08/09/2014 - 14:56 | 5070435 Skateboarder
Skateboarder's picture

Pull buried crude out of ground and reifne --> Store refined crude in tankers --> Bury tankers.

Sat, 08/09/2014 - 16:05 | 5070630 Jumbotron
Jumbotron's picture

Along wth getting your house or homestead in the country off grid and onto solar.......might not be a bad idea to buy a tank and bury it to store diesel.  That way you can run your backup generator if need be and fuel the tractor and trucks on deisel bought at today's prices and not what they will be.

Sat, 08/09/2014 - 21:57 | 5071581 ebear
ebear's picture

 

"might not be a bad idea to buy a tank and bury it to store diesel."

Better read this first:

http://www.fueltechnologiesinternational.com/is-my-stored-diesel-fuel-re...

Sun, 08/10/2014 - 10:18 | 5072446 McCormick No. 9
McCormick No. 9's picture

Yeah, diesel doesn't store well. Anyway, reserves of anything immediately valuable will only attract the wrong kind of MadMax characters. Inevitably, one of those gangs will be better-armed than you.

In this kind of ultimate collapse scenario, the best thing is to appear poverty-stricken, and to have some depth of reality to back that apearance up. Make your assets invisible. That means yu stock up on skills, not valubles. How to grow things. How to utilize animal power. How to forage, knowledge of the landscape, close observation of your natural surroundings, from understanding the weed cycle to knowing where springs are, weather patterns, etc.

When approached, you appear to be filthy and covered in rags, owning nothing of value. If you're really good, you see them and they never see you.

What they don't know is that you're warm and dry and reasonably well nourished. If you can achieve warm/dry/nourished, you have achieved success.

 

 

 

 

Sun, 08/10/2014 - 15:31 | 5073173 Volkodav
Volkodav's picture

We are running fuel ten plus years old right now that was left in parked machines. Several hundreds gallons.

It was high grade. Not cheapest, which some will begin deterioate much more faster.

We are using this in basic older engines, not high tech auto. Old are not picky nor easily screwed up if best filters and no water in fuel...

PRI Fuel Treatment will easily extend Diesel for years in clean tanks. Get PRI info and study that in detail and testimonies.

PRI is best by extremes....made for gasoiline also...forget stabil and other

Generator with Hatz Diesel, Isuzu Pup Diesel, Older stuff...no really small diesel generator I know of, so

Propane is better for long term...last forever..really small generators available to stretch supply out long..

Yamaha smallest is what we have for ultimate conservation...

Only propane is less flexible to move..

 

Sat, 08/09/2014 - 14:48 | 5070402 Rattling Bones
Rattling Bones's picture

The United States deserves to lose it's status for gross mismanagement.

Unfortunately, the powers that be will probably drag us into a war over it.

Sat, 08/09/2014 - 14:50 | 5070414 p00k1e
p00k1e's picture

If you are on a government check, you’re fucked at the end of this tunnel. 

I can see it already.  People who fell off the deep-end carrying around checks that nobody will cash. 

 

"Will you cash my check?" 

Sat, 08/09/2014 - 14:52 | 5070423 Rattling Bones
Rattling Bones's picture

They'll still cash checks, a worthless check in exchange for worthless dollars.

Sat, 08/09/2014 - 14:56 | 5070434 p00k1e
p00k1e's picture

At least Ebola finally went away.   

Sat, 08/09/2014 - 14:59 | 5070443 q99x2
q99x2's picture

In the old days they used to blow up areas of the planet and carry the valubles out. Today they use financial warfare to collapse the economies and siphon off the wealth. I do believe it is going to be moving into Russia,  Germany and China is ok with what it has.

Sat, 08/09/2014 - 16:11 | 5070644 Jumbotron
Jumbotron's picture

"In the old days they used to blow up areas of the planet and carry the valubles out. Today they use financial warfare to collapse the economies and siphon off the wealth. I do believe it is going to be moving into Russia,  Germany and China is ok with what it has."

 

You might find this clip from the movie "Network" to your liking.

http://www.youtube.com/watch?v=jxiT30N6ti4

Sat, 08/09/2014 - 15:04 | 5070452 Son of Captain Nemo
Son of Captain Nemo's picture

With a cherry on top

Wonder if Obama will have to declare war on Malaysia as well if this consensus moves to the Malaysian court(s)?...

Sat, 08/09/2014 - 15:18 | 5070492 Atomizer
Atomizer's picture

ISIS will have to blow up the Iraq dam to keep the petrodollar alive. 

/ sarc 

Sat, 08/09/2014 - 16:59 | 5070800 g speed
g speed's picture

the day ISIS blows the dam is the day the Euphrates dries up (turks will shut off the water) 

Sun, 08/10/2014 - 10:20 | 5072453 McCormick No. 9
McCormick No. 9's picture

No sarc needed, you're spot-on.

Sat, 08/09/2014 - 15:27 | 5070517 Jack Burton
Jack Burton's picture

I've said many times, the US military acts to enforce dollar hegemony which is the foundation of American power. I see acts like this as a threat Washington DC will have to respond to with action. Since the only real actions Washington CAN take is military, I see the Ukraine crisis being pushed to the brink of nuclear all out war. The coming Kiev/Washington DC offensive to take Donetsk with mass rocket, artillery and missile build ups for mass murder on a grand scale, this is being planned to force Russia to act to protect the 500,000 people or more still in Donestsk. Kiev is about to smother the city in artillery and rocket fire. The idea is to kill so many people that Russia will react to defend the city or open a road to the city from the east. Either way, NATO and Kiev want Russia to act to enable NATO to move into Ukraine to defend Nazi Kiev.

All in all, Washington plans to force a major war onto Europe, if killing thousands is required, Nuland and Kiev are prepared to attack the city just like Nuland's israeli homeland has attacked Gaza. In fact, Gaza II is in the making. Nuland and her Washington Israeli cabal have big plans for war. We taxpayers in America will bear the cost, as always. Nuland and her Israeli Neocons will stay safe in Washington. And keep your eye on McCain, he will go ape shit when Russia does a missile strike on Kiev's artillery postions, the most likely reaction by Russia to mass bombardments that are only days, or even hours away.

Sat, 08/09/2014 - 15:39 | 5070552 sunny
sunny's picture

Are you sure???

Sat, 08/09/2014 - 15:53 | 5070587 Winston Churchill
Winston Churchill's picture

Looks like the militia broke the encirclement, and are flanking the artillery around

Donetesk, Jack.

Russia will take them out otherwise, without boots on the ground.

Did you see the Straits Times piece ?

Kiev is running out of time in a lot of ways.Always darkest before the dawn.

Sun, 08/10/2014 - 14:51 | 5073117 Volkodav
Volkodav's picture

Reference source firstly if you actually have any such that is relieable....otherwise is time waster for others to attempt search

Sat, 08/09/2014 - 16:02 | 5070620 sleigher
sleigher's picture
  • "The First World War must be brought about in order to permit the Illuminati to overthrow the power of the Czars in Russia and of making that country a fortress of atheistic Communism. The divergences caused by the "agentur" (agents) of the Illuminati between the British and Germanic Empires will be used to foment this war. At the end of the war, Communism will be built and used in order to destroy the other governments and in order to weaken the religions."
  • "The Second World War must be fomented by taking advantage of the differences between the Fascists and the political Zionists. This war must be brought about so that Nazism is destroyed and that the political Zionism be strong enough to institute a sovereign state of Israel in Palestine. During the Second World War, International Communism must become strong enough in order to balance Christendom, which would be then restrained and held in check until the time when we would need it for the final social cataclysm."
  • "The Third World War must be fomented bytaking advantage of the differences caused by the "agentur" of the "Illuminati" between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil. Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time."

Albert Pike 

http://www.libertyforlife.com/nwo/albert_pike.htm

Sun, 08/10/2014 - 12:17 | 5072734 barre-de-rire
barre-de-rire's picture

this letter has never been written in 1871, term nazi didn't exist yet, many references are false.

 

sorry, you are an idiot believer.

Sun, 08/10/2014 - 16:54 | 5073522 sleigher
sleigher's picture

this letter has never been written in 1871

lol

You sure do know a lot about me.

Sun, 08/10/2014 - 18:09 | 5073784 Monty Burns
Monty Burns's picture

No way was this written in the late 19th century.

Sat, 08/09/2014 - 16:43 | 5070741 Atomizer
Atomizer's picture

Jack Burton, always admire your posts on ZH. Always consistently spot on. Not a love fest, just appreciation. Keep up the good work. Of course I may tell you to fuck off, part of the Fight club protocol. 

Doubt that will ever happen. Winks. 

Sat, 08/09/2014 - 22:35 | 5071686 ebear
ebear's picture

If push really does come to shove, Russia has a third option.

Any ethnic Russian who wants to leave gets automatic Russian citizenship and say, an apartment rent free for a year in the city of their choice, plus any money they bring in gets exchanged for rubles at the old rate.

A one-time cost far less expensive than fighting a major war, and for what?

Russia doesn't need the territory - it would just be an albatross considering the damage already done and the lack of any economic future it has, so just cut it loose.  Walk away and let the Ukies clean up the mess they created if they want it that bad.  Russia already has what it needs - Crimea and a year-round port.

I'd take a deal like that.  Even if a peaceful solution is found, who wants to live amongst people who just tried to kill you, simply because of who you are?

I can even think of a government employment program for those who leave:  Build a huge mother wall along the entire Ukrainian border so none of them can get out when the place collapses.  Let the europeans deal with the refugees.  They made it.  They own it.

After that, they can start building a bridge across the Kerch Strait.

Sun, 08/10/2014 - 12:23 | 5072752 viahj
viahj's picture

except that Russia can't allow NATO to take Ukraine and install missle 'defense' systems on it's border.

Sat, 08/09/2014 - 15:35 | 5070540 p00k1e
p00k1e's picture

Anyone getting their ass kicked will grab the ball bat or 9mm.   

It has to be nuclear war.

Do NOT follow this link or you will be banned from the site!