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What Petrodollar: Russia, China To Create SWIFT Alternative

Tyler Durden's picture




 

If, when in February Victoria Nuland infamously launched a (not so) covert campaign to replace the ruling Ukraine president oblivious to the human casualties, resulting in a civil war in east Ukraine, NATO encroachment along the borders of Russia, and a near-terminal escalation in hostilities between Ukraine, Russian, and various regional NATO members, the US intention was to provoke the Kremlin so hard that the nation with the world's largest reserves of mineral and energy resources would jettison the US Dollar and in the process begin the unraveling of the USD reserve currency status (as much as Jared Bernstein desires just such an outcome) it succeeded and then some. Because in the end it may have pushed not just Russia into the anti-petrodollar camp... it appears to have forced China in it as well.

According to Itar-Tass, Russia and China are discussing setting up a system of interbank transactions which will become an analogue to International banking transaction system SWIFT, First Deputy Prime Minister Igor Shuvalov told PRIME on Wednesday after negotiations in Beijing.

"Yes, we have discussed and we have approved this idea," he said.

But wait: wasn't it the UK's desire to force Russia out of SWIFT just two weeks ago?  Why yes, and the fact that Russia is happy to do so, and on its own terms, once again shows just who has all the leverage, and who really needs, or rather doesn't, the US Dollar.

More from Tass:

Russian authorities wanted to decrease the financial market’s dependence on SWIFT since the introduction of the first U.S. sanctions, when international payment systems Visa and MasterCard denied services to some Russian banks owned by blacklisted individuals.

 

According to Shuvalov, Russia has been also discussing establishment of an independent ratings agency with China. Concrete proposals will be made by the end of 2014, he said.

 

As regards China’s payment system UnionPay cooperation with the yet-to-be-established Russian national payment system, Shuvalov said that UnionPay is ready for a full-scale collaboration and will provide all infrastructural capacities for that.

The conclusion will be a repeat of what we have said every single time we report on the Eurasian alliance's drift away from the petrodollar, as stated most recently two weeks ago:

We will merely say what we have said previously, and it touches on what will be the most remarkable aspect of Obama's legacy, because while the hypocrite "progressive" president who even his own people have accused of being a "brown-faced Clinton" after selling out to Wall Street and totally wrecking US foreign policy abroad, is already the worst president in a century of US history according to public polls, the fitting epitaph will come when the president's policies put an end to dollar hegemony and end the reserve currency status of the dollar once and for all, thereby starting the rapid, and uncontrolled, collapse of the US empire. To wit:

 

In retrospect it will be very fitting that the crowning legacy of Obama's disastrous reign, both domestically and certainly internationally, will be to force the world's key ascendent superpowers (we certainly don't envision broke, insolvent Europe among them) to drop the Petrodollar and end the reserve status of the US currency.

 

And once China and Russia show that not only can it be done but thanks to US prodding it has been done, expect other countries to promptly follow the anti-SWIFT axis on their own...

 

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Wed, 09/10/2014 - 16:35 | 5203476 q99x2
q99x2's picture

You don't need a SWIFT alternative. You can use Bitcoin. Big ass nations are a bunch of F'n fat retards.

Wed, 09/10/2014 - 16:42 | 5203491 Kirk2NCC1701
Kirk2NCC1701's picture

Wow, that was... a SWIFT move on their part!

Can we stay focused on Ukraine, or ISIS, or Fukushima, or Ebola, NFL, Dometic Violence, or…?

Wed, 09/10/2014 - 16:54 | 5203563 Sofa King Confused
Sofa King Confused's picture

I will be curious to see what Putin does when the US starts bombing inside Syria.

Wed, 09/10/2014 - 17:07 | 5203614 SumTing Wong
SumTing Wong's picture

Dollars...smoke 'em if you got 'em.

Wed, 09/10/2014 - 17:24 | 5203713 Joe Tierney
Joe Tierney's picture

Yes, but don't smoke the ones you used to wipe your ass with.

Wed, 09/10/2014 - 17:31 | 5203748 sushi
sushi's picture

If you cross this red line then I'm going to shoot myself in the foot. Cross it again and I'll shoot myself in the other foot! That'll teach you to mess with me!!

 

Wed, 09/10/2014 - 17:40 | 5203790 0b1knob
0b1knob's picture

Its called the SWIFT Bring On America's Termination system, or SWIFTBOAT.

Wed, 09/10/2014 - 18:13 | 5203947 disabledvet
disabledvet's picture

Word is the new acronym will be the "TATER TOT" system which stands for "the alternative to everyone's reserve touted or torted" system...and yes it runs on Windows.

98.

Windows 98 and if you're feeling randy "Windows Media Center Edition."

Wed, 09/10/2014 - 18:25 | 5203997 Save_America1st
Save_America1st's picture

Jim Willie (The Golden Jackass) has been all over this for over 2 years now at least.  He's done the interviews which I'm sure (I hope) many of you have listened to on TFMetalsReport, SilverDoctors, Greg Hunter USA Watchdog, etc. 

Gotta give Jim mad props for his insider info and for sharing what he does with those of us willing to listen and prepare accordingly for the "End of the Great Keynesian Experiment" as Turd put so eloquently and presciently when he started the Watchtower and TFMetalsReport. 

Wed, 09/10/2014 - 21:17 | 5204546 conscious being
conscious being's picture

Jim Willie is great. Turd is no Jim Willie.

Wed, 09/10/2014 - 22:11 | 5204801 markmotive
Wed, 09/10/2014 - 22:50 | 5204913 balanced
balanced's picture

That sort of propaganda has been out in full force. I am beginning to think that there might actually be a false flag to get Americans behind sending troops back to Iraq. Hopefully Americans will be less gullible this time. I'm sorry, but the mentality behind a bunch of morons yelling "god is great" while women and children are executed is not consistent with an agenda to end the petro-dollar or alter global financial methodologies.

If you want to know who's truly behind a given event, you simply identify the person or group that stood to gained the most by it's occurrence. Who's agenda was furthered? Who got to do something in the aftermath, that they couldn't have gotten away with had the event not occurred?

Wed, 09/10/2014 - 23:51 | 5205093 AlaricBalth
AlaricBalth's picture

It is my understanding that SWIFT is a messaging system for funds transfer instructions, rather than a financial settlement system. The settlements are actually transmitted by FedWire and/or CHIPS. SWIFT does not handle the movement or settlement of funds.

Wed, 09/10/2014 - 23:51 | 5205108 Elvis the Pelvis
Elvis the Pelvis's picture

Foolish mortals.  There is no SWIFT alternative.  The Yankee dollar rules the world.  Put that in your pipe and smoke it.

Thu, 09/11/2014 - 00:01 | 5205134 AlaricBalth
AlaricBalth's picture

The Clearing House Interbank Payments System (CHIPS) handles both the transmission of funds transfer instruction messages among financial institutions, as well as the settlement of the payment between the institutions. CHIPS is operated by The Clearing House Payments Company, L.L.C. CHIPS is the United States’ main electronic funds-transfer system for processing international U.S. dollar funds transfers made among international banks. Like Fedwire, CHIPS is a real-time final settlement system. In other words, CHIPS settles the transactions at the time CHIPS transmits the payment order; meaning that the sending participant’s obligation to pay the amount of the payment order to the receiving participant is discharged at the time CHIPS releases the payment message.

CHIPS claims to handle more than 90% of all U.S. dollar-based funds transfers moving between countries around the world.

Wed, 09/10/2014 - 18:32 | 5204025 Lux Fiat
Lux Fiat's picture

Perhaps Ron White can come up with a zippy slogan and ad campaign.

Wed, 09/10/2014 - 20:01 | 5204295 disabledvet
disabledvet's picture

"We got TATER...and TATER TOT's too!"

Wed, 09/10/2014 - 23:22 | 5205018 Lux Fiat
Lux Fiat's picture

After Malaysian Airlines flight 370, the empathetic part of me felt for the families and friends of all those on board.  The other part thought about Ron White's "scene of the crash" monologue.

Thu, 09/11/2014 - 16:47 | 5208222 mkkby
mkkby's picture

It would be trivially easy for China to send and receive Russia's swift transactions, and just send them the differences.  Much like punching someone else's time card.

Given China's love of fraud, I'm sure someone already thought of this.  Building a duplicate system for brics will take a few years, but helping each other this way is an easy way to bridge the gap.

Wed, 09/10/2014 - 18:15 | 5203948 Sashko89
Sashko89's picture

The rothchild controlled DTTC corporation must be thrilled about this development;)

Wed, 09/10/2014 - 18:34 | 5204008 Save_America1st
Save_America1st's picture

DTCC...that's some evil shit right there.  Did you listen to Bix Weir's interview about the workings of the DTCC and Cede and Co. on SGTReport a couple months back? 

It's all so totally FUBAR

Here's the interview on SGTReport.com: 

THE SHOCKING TRUTH HISTORY CHANNEL CAN'T BROADCAST ABOUT THE DTCC -- Bix Weir
Wed, 09/10/2014 - 19:12 | 5204156 Sashko89
Sashko89's picture

I did, the interview was very interesting indeed. I'm surprised that corporation is able to keep to the shadows so well when it controls so much... I mean, swift belongs to DTCC right?

Wed, 09/10/2014 - 19:16 | 5204167 The Fonz...befo...
The Fonz...before shark jump's picture

DTCC is scum....how does this obvious monopoly allow to function without being forced to break up into a 100 little pieces....oh right they are owned by the fed...

Just like Stalin said about voting....the people that cast the votes mean nothing, the people that count the votes matter...

Same with dtcc its not the trade it's the person that settles the trades that matters...(oh and that holds all of your equity in street form a la cede & co) for "safekeeping" and "efficiency" of course....

Wed, 09/10/2014 - 20:31 | 5204389 gdogus erectus
gdogus erectus's picture

DTCC, DTCC... Hmmm rings a bell. Oh wait, the one who's waterproof vault full of $49 Trillion of stock certificates were flooded (doors left open) by a 1 in a million (but the news announced it 5 days early) freak hurricane (Sandy) that hit Manhatten and then a frekin' fire broke out in the vault later, DTCC?

I'm so glad they had all my stock certificates from my 401k backed up on computer! Whew! That was close!

You can't make this shit up.

Wed, 09/10/2014 - 21:30 | 5204602 TahoeBilly2012
TahoeBilly2012's picture

They can just ask Etrade and Schwab who owns what  on the honor system, sorta like the MERS mortgage computer...

Thu, 09/11/2014 - 07:47 | 5205542 Dapper Dan
Dapper Dan's picture

gdogus erectus

 

Tomorrow a stranger will say with masterly good sense precisely what we have thought and felt all the time.

-Ralph Waldo Emerson-

“self reliance”

Wed, 09/10/2014 - 19:55 | 5204275 Majestic12
Majestic12's picture

"The rothchild controlled DTTC corporation must be thrilled"

Like most topics on ZH...try "polling" your neighborhood...

Ask as many as you can if they understand what a "Petrodollar" is?

Then ask "who are the Rothschilds"?.....

Constant West v. East "ideology" war completely "corn-fuses" all "Muricans"...

And the .1% retain anonymity... can't take out an invisible target....

Those here who know..."owe it"....no train...no gain....

Thu, 09/11/2014 - 18:23 | 5208640 forensicator
forensicator's picture

Yes, the sheep aka FSA will do as they are told and Riot when called apon

Wed, 09/10/2014 - 17:16 | 5203662 kowalli
kowalli's picture

 shoot down usa planes in Syria before they can bomb  anything...

Wed, 09/10/2014 - 17:31 | 5203749 Winston Churchill
Winston Churchill's picture

With Iran joining the SCO as a full member, just what happens to their

mutual defence treaty with Syria ?

That would be a Sarajavo moment, would bombing Syria count as an attack on Russia and China ?

Wed, 09/10/2014 - 17:55 | 5203850 hobopants
hobopants's picture

Better hurry up and get it going before that whole China debt thing blows up.

Wed, 09/10/2014 - 18:16 | 5203956 disabledvet
disabledvet's picture

And yes...the "TATER TOT System" is backed by actual taters...and tater tots even.

All cooked to an even and ovenly brown crisp...

With ketchup.

Wed, 09/10/2014 - 21:22 | 5204570 conscious being
conscious being's picture

JW says don't worry about it. Something about the need to get more RMB circulating prior to the reset.

Wed, 09/10/2014 - 17:56 | 5203862 Circle of DNA
Circle of DNA's picture

Unlike retarded Ukraine that is full of imbecilic and Russophobe Zio-Nazis, Syria is totally friendly to Russia and even advocates/promotes Russian as a second language...

Wed, 09/10/2014 - 20:08 | 5204322 disabledvet
disabledvet's picture

They can be part of the TATER TOT too!

We'll call them "The TOT's in our TATER"...not meant for them to feel inferior of course. "Can't have no TATER without a TATER TOT." A combination of "legal mumbo jumbo" with both the aspirational views of a Commonwealth and an eye toward precedent as setting normative forms of commercial contract."

Backed up by "the Tot-en-kopf" if necessary!

Wed, 09/10/2014 - 18:10 | 5203927 sandhillexit
sandhillexit's picture

This is just Putin trading rooks with Stanley Fischer.  Sanctions which gutted Iran's economy required access to international banking infrastructure. Folks in the US never really saw what was done to Iranian economy but Russia and China are pretty clear about his intentions from the Fed perch.  

RU has always kept China at arms length.  We have now pushed them over the threshold, all for the base at Tartous, I think.  It's the lynchpin.  Hard to believe we have gotten to world war over a little chunk of Mediterranean coast.  

It used to be RU against Bandar Bush - with the Chechens as pawns.  It was a friendly fight for market share.  But now Bandar Bush and Israel acting as allies (stirring the pot in Ukraine) has really made Putin's life difficult.  

The Syrian pawns are awfully close to home, though.  Things could get out of hand for KSA.  It looks like the ISIS guys are open to competitive bidding for their services.  They are trying on enemies like new hats, first it was US, then Russia, then KSA. But clearly ISIS has access to intl bank infrastructure because they act like they have no doubt they will be paid. 

Wed, 09/10/2014 - 21:05 | 5204495 mt paul
mt paul's picture

I will be curious to see what Putin does

when the US starts bombing inside Scotland

 

on the way to Syria....

Wed, 09/10/2014 - 16:56 | 5203566 fervent in spirit
fervent in spirit's picture

"Dometic violence."

Dometic: makers of RV appliances. Got to watch them raging RV-ers! :-)

Wed, 09/10/2014 - 16:56 | 5203570 Divided States ...
Divided States of America's picture

I have to give credit it to Juland....if she didnt start all this mess with Ukraine, we wouldnt be expediting the road to retribution. Thanks for everything J-bitch!

And yes very SWIFTLY implemented by China and Russia...why wait? things are steaming ahead as planned.

Wed, 09/10/2014 - 17:05 | 5203605 Winston Churchill
Winston Churchill's picture

Ever since I saw AWACS in Saudi ,in national colors, operating three months before the

official announcement., my rule of thumb is that any official proclaimation means

the thing was already up, and running long before being made public.

Same here.

Wed, 09/10/2014 - 22:21 | 5204834 Theosebes Goodfellow
Theosebes Goodfellow's picture

You nailed it, Winnie. Unionpay is as reliable with zeros and ones as the Fed, the Treasury Dept. and all of those merchant credit card companies, ain't they? I mean, who could lose anything with Applepay?      /sarc

Just remember, (for those of you playing the home version of the game), counterparties are a bitch. Aiming to shoot yourself in the foot and hitting a target slighting higher and in the middle can be extremely painful. Just don't say nobody warned you.

Wed, 09/10/2014 - 22:43 | 5204901 Titus
Titus's picture

I always wonder why people don't call Victoria NUDELMAN by her real AshkaNAZI name.

?

Wed, 09/10/2014 - 17:24 | 5203708 WhackoWarner
WhackoWarner's picture

AS IF Nuland ia just some wannabe idiot without one brain cell that fires beyond ego.  She is sooo stupid that she got caught parroting her higher-upsies.  Talk about a suck up bitch idiot.

She will be cut loose or nail gunned fairly promptly due to anatomical/gender based loose lips.

Wed, 09/10/2014 - 17:33 | 5203763 Anusocracy
Anusocracy's picture

Screw the nail gun, she deserves prolonged extreme torture for the shit she's caused.

Wed, 09/10/2014 - 17:33 | 5203766 Winston Churchill
Winston Churchill's picture

Water boarding with mineral spirits would be a start.

Wed, 09/10/2014 - 16:44 | 5203521 BTCTalks
BTCTalks's picture

It's going to happen.  I actually think that the Caliphate (hopefully non-ISIS) might be the first to make bitcoin official.  It works perfectly with Shar'ia banking and anti-usery laws and side-steps Western hegemony.  This is going to be a long, steep decline for fiat bagholders.

Wed, 09/10/2014 - 17:05 | 5203576 Bangalore Equit...
Bangalore Equity Trader's picture

Listen. Last I heard Russia made the use of crypto's illegal starting in 2015.

https://translate.google.com/translate?sl=ru&tl=en&js=y&prev=_t&hl=en&ie...

But many must dream of a Bitcoin Caliphate! GO Crypto's and gh0strider!

Wed, 09/10/2014 - 17:10 | 5203638 BTCTalks
BTCTalks's picture

China has outlawed it as well, but yet they still account for 70% (allegedly) of daily traded volume.  The beauty of digital currencies is that the only way to stop them is by shutting down the internet entirely.  Much like BitTorrent.  

Wed, 09/10/2014 - 17:14 | 5203657 Bangalore Equit...
Bangalore Equity Trader's picture

Listen. I LOL'ed in my mouth, just a bit. I thought the endgame was to introduce into retail commerce, not just "RELEASE" to speculators?

Wed, 09/10/2014 - 17:30 | 5203746 BTCTalks
BTCTalks's picture

Why are the two mutually exclusive? Unless (until?) there is an insular crypto economy, individuals and businesses will need to exchange for fiat. For that to happen, there needs to be a liquid market. Speculation is a healthy and necessary phase on the way to mainstream adoption. 

 

"I thought the endgame of the Internet was to change the world, not just chat with nerds."

- Bangalore Equity Trader 1998

Wed, 09/10/2014 - 18:20 | 5203961 Bangalore Equit...
Bangalore Equity Trader's picture

Listen. Oh. Here I thought speculation always "FOLLOWED" wide-spread adoption. I'm kinda slow like that but I was hoping "HOMEBOY" in the USSA Ferguson hood would be using before the CME creates a derivative.

Wed, 09/10/2014 - 17:32 | 5203755 funthea
funthea's picture

Yes, and lets not forget that half of all bitcoins are held by fewer than 1000 entities. Yeah, that'll work out well.

Wed, 09/10/2014 - 17:45 | 5203817 BTCTalks
BTCTalks's picture

Not saying that bitcoin will be the one (or even around) in 10 yrs, but crypto-currencies are here to stay.  The cat is out of the bag at this point. By any objective measure, digital currencies are a superior form of money and payment for the internet. PayPal is now on board and there is the potential for bitcoin functionality within the Apple ecosystem (given that PayPal and Stripe are working their mobile wallet). I would venture that inside 5 yrs, most people on the internet will be using digital currencies and possibly not even know it as it will be operating as a back-end value transmitter. 

Wed, 09/10/2014 - 17:58 | 5203871 90's Child
90's Child's picture

Bitcoin?

One word, CME.

Wed, 09/10/2014 - 19:55 | 5204283 Rusty Shorts
Wed, 09/10/2014 - 22:33 | 5204868 deflator
deflator's picture

 Crypto currencies will not be widely used and accepted until they are mandated by force--then everyone will be confident in crypto-currency system.

Wed, 09/10/2014 - 21:54 | 5204721 jarana
jarana's picture
Someday , maybe you'll buy gold only from inventories audited by BTC protocol, not by states.
BTC is not money, it is a decentralized system of notarization.
Wed, 09/10/2014 - 17:41 | 5203798 giggler321
giggler321's picture

The bit's arn't being taken up by joe public just yet, sure u can buy a fast car or a painting in london but until the masses talk about it down the pub; with friends eating out everywhere and get their pensions in it, it ain't much more than another other less used payment system, money etc.  Also people don't treat PM's like money either and it is unlikely to be both.  I've seen it more being sold as a money alternative and the store of value is still to be proved over time.

Wed, 09/10/2014 - 18:11 | 5203932 Bangalore Equit...
Bangalore Equity Trader's picture

Listen. I can't wait to shop Walmart-India with my crypto-wallet! Go 'merican technology! Yea!

Wed, 09/10/2014 - 19:38 | 5204224 durablefaith
durablefaith's picture

It is going to happen and while you are cheering about it, you will lose access to barter and cash transactions. Outlawed and with it the global central planners will have dealt a serious blow to 3rd world nations and black markets who are in their minds transaction tax evaders.

Stop cheering for your own enslavement.

Wed, 09/10/2014 - 17:23 | 5203705 The Longest Call
The Longest Call's picture

US Propaganda will soon be no match force the forces against the dollar:

https://www.perpetualassets.com/news/2014/09/10/13-years-later-propagand...

Wed, 09/10/2014 - 19:10 | 5204150 gatorboat
gatorboat's picture

So why is US govt taking this news so casually?    Simple, when the dollar dies, US govt debt dies with it.

Smart folks will be quietly dumping treasuries and other dollar-denominated bonds.

Wed, 09/10/2014 - 17:26 | 5203720 JustUsChickensHere
Wed, 09/10/2014 - 17:41 | 5203801 Bluntly Put
Bluntly Put's picture

Fads, including tulips, hula hoops, dollars and yes bitcoins come and go but people have used gold and silver as money for thousands of years and will continue to do so when all the credit games are bust.

.

Wed, 09/10/2014 - 20:02 | 5204300 BigDuke6
BigDuke6's picture

i just added to my gold stack for the first time in 20 months.

its a good time of year to do it.

Wed, 09/10/2014 - 17:48 | 5203832 Ruffmuff
Ruffmuff's picture

I trade CL, oil futures. THe P dollar has left the building a long time ago.  No one buys oil in this way anymore. All side deals. Countries, companies, whatever.

LOvin this timely news.....

Wed, 09/10/2014 - 18:12 | 5203941 NoPension
NoPension's picture

Off topic , x class solar flare from area 2158, earth directed. This is not the one expected on Thursday. Midday on Wed. Waiting for modeling. Solar ham is a good site.
Sorry for the jack.

Wed, 09/10/2014 - 18:55 | 5204102 TacoNasty
TacoNasty's picture

You don't even need to get a computer and learn how to use Bitcoin. A lot of us Free State Project ( http://freestateproject.org/ )  movers have been using real money in New Hampshire. We've been using junk silver, silver and gold coins/bars/rounds, and one mover came up with the idea of placing small pieces of silver wire or cuttings in tamper proof plastic cards to make it easy to use it for small purchaces. The cards are called ShireSilver ( https://shiresilver.com/ ).

Wed, 09/10/2014 - 19:41 | 5204235 durablefaith
durablefaith's picture

Now that's a viable alternative to FIAT. A currency with intrinsic value and anonymity, what a novel concept.

And BTC'rs, please dont waste white space explaining how the anonymity works. If its digital, it aint anonymous for long..

Wed, 09/10/2014 - 19:11 | 5204155 post turtle saver
post turtle saver's picture

we already have an alternative, it's called IVTS bitchez

Wed, 09/10/2014 - 21:57 | 5204732 JRev
JRev's picture

Use it while you can. The cryptography is strong and somewhat viable now (read: not yet cost-effective to destroy), but the Quantum Age is soon to be upon us.

http://cryptome.org/2014/09/post-quantum-security.pdf

...brought to you by Google, SRI, DARPA, etc. etc... see the catch? Liberation becomes slavery as what was once obfuscated becomes nothing more than a digital record book. All you need is the "magic decoder ring" to read it.

"If it can send and it can receive, it can surveil."
-Anonymous (but not for long)

Thu, 09/11/2014 - 08:30 | 5205635 BruntFCA
BruntFCA's picture

I think Putin is moving to outlaw or at least heavily regulate Bitcoin. Remember putin is not mad at the Feseral Reserve system per se; he's mad because he does'nt control it!

Thu, 09/11/2014 - 10:28 | 5206200 TheSecondLaw
TheSecondLaw's picture

Given the down vote here, let there be no doubt - ZH majority are goldbugs. Not crypto.

Note to self with regards to self-censorship:  do not say anything positive about crytocurrencies.

Wed, 09/10/2014 - 16:40 | 5203479 The Phallic Crusader
The Phallic Crusader's picture

Obama's former chief economist was Jewish? 

 

oh, do go on....

 

Sorry couldn't resist - the secret Muslim sure has appointed a lot of non-Muslims though.

Wed, 09/10/2014 - 16:47 | 5203529 john39
john39's picture

yeah, he does that to throw people off his trail... same thing with bombing muslims around the world...  all just to hide his little secret of being a muslim.   (/s, if required).

Wed, 09/10/2014 - 17:03 | 5203599 CH1
CH1's picture

Sunstein's trolls, running wild.

Wed, 09/10/2014 - 17:51 | 5203840 Duffy
Duffy's picture

Hey listen pal - only 3 of Obama's 7 senior advisors are Jews.  One of them, Valeria Jarrett, was born in Iran.

 

He is clearly a muslim puppet! 

 

Sunstein, of course, was an Obama advisor, too - just not "senior" -  like most of his other advisors....

Wed, 09/10/2014 - 18:20 | 5203971 Monty Burns
Monty Burns's picture

And Sunstein married an Irish shiksa.

Wed, 09/10/2014 - 17:09 | 5203626 Deathrips
Deathrips's picture

Wahabis are Jews ...right?

Mind fucking....Mind Fucking.....

http://m.strategic-culture.org/news/2011/10/26/the-doenmeh-the-middle-ea...

 

Look a fruit bat disease.

 

RIPS

 

I do not endorse or guarantee validity of this site...i thought it was too fucked up NOT to be true.

 

Wed, 09/10/2014 - 17:54 | 5203856 Duffy
Duffy's picture

yeah keep seeing the same purported source.  Not so sure about the Saudi thing - but the Young Turks and the idea many may have been secretly Jewish may have some legs, although it is frequently over-stated in connection with the Armenian genocide.

 

so far as I can tell, "Jewish Bolshevism" is both the most true and the most vigorously proclaimed as false and "anti-Semitic"... 

 

Essentially, the Jews were to the Bolsheviks what they were to the neocons before the Iraq War - no one could simply state the obvious = that the neocons were Jews - even in the "land of the free"

 

http://libcom.org/library/anti-semitism-adbusters-2004

 

cute.

http://www.voltairenet.org/article178638.html

Wed, 09/10/2014 - 20:04 | 5204315 BigDuke6
BigDuke6's picture

"no one could simply state the obvious"

No one can on this website any more.

Ask the many who have gone before.

Wed, 09/10/2014 - 18:25 | 5203993 smacker
smacker's picture

 

http://www.truedemocracy.net/hj33/08.html

"The Saudi Royal Family Are Crypto-Jews"

Wed, 09/10/2014 - 19:57 | 5204286 Bastiat
Bastiat's picture

I have no way of knowing if any of that is true.

Thu, 09/11/2014 - 04:06 | 5205384 smacker
smacker's picture

Indeed. There is another site somewhere which makes similar claims about the Saudi Royal family being jewish. But in all these cases, it's difficult to prove conclusively without perhaps some DNA matching etc. On the other hand, it may go some way to explain why Israel-Saudi have long had cordial relations. Given they are both very active in M/E politics one might expect them to have clashed long ago.

Wed, 09/10/2014 - 16:36 | 5203482 yogibear
yogibear's picture

They should work with other countries to remove the petro dollar. Anyone  that has tried so far ended up dead.

Wed, 09/10/2014 - 16:45 | 5203524 Rainman
Rainman's picture

If Scotland* dumps out of the UK , they may have a go at it

      * largest petroleum producer in the EU

Wed, 09/10/2014 - 16:46 | 5203531 McMolotov
McMolotov's picture

Yeah, well China and Russia aren't exactly the kind of poor sand farmers the US usually takes out. And this, I believe, is why the US seems so desperate, flailing about like a frightened school girl.

This time it's all completely out of Uncle Sam's hands.

Wed, 09/10/2014 - 16:54 | 5203545 yogibear
yogibear's picture

"This time it's all completely out of Uncle Sam's hands."

Let's hope so. Uncle scam works with the western central banksters to manipulate everything. To keep the US dollar from falling too far.

Wed, 09/10/2014 - 17:17 | 5203666 r00t61
r00t61's picture

China and Russia are both nuclear powers.  To me that is the biggest reason why the US can't just follow the typical CIA playbook of regime change in order to protect the status of the petrodollar.

Wed, 09/10/2014 - 18:16 | 5203960 Monty Burns
Monty Burns's picture

Correct.

Wed, 09/10/2014 - 17:38 | 5203769 10mm
10mm's picture

Not anymore Yogi. Nuke powers.

Wed, 09/10/2014 - 18:17 | 5203958 smacker
smacker's picture

Good comment. That's exactly what I think too.

Wed, 09/10/2014 - 16:37 | 5203485 Perimetr
Perimetr's picture

I would say Obama is a "brown-faced Bush", as he has far outdone Clinton in the destruction of the US dollar and Constitution.

Wed, 09/10/2014 - 16:44 | 5203520 Four chan
Four chan's picture

agreed a total failure like both parties, we need an alternative based on the constitution.

Wed, 09/10/2014 - 17:21 | 5203695 Troll Magnet
Troll Magnet's picture

Perimetr,

you give Clinton too much credit.

NAFTA, Telecommunications act, repealing Glass-Steagall, keeping Alan Greenspan...That sumbitch raped America with a smile on his face. 

Wed, 09/10/2014 - 17:36 | 5203776 greatbeard
greatbeard's picture

>> repealing Glass-Steagall,

You need to read history rather than have people tell you the history they want you to believe.  The repeal of Glass Steagall was done with the passage of Gramm-Leach-Bliley, a wholly Republican bill.  When the bill hit the president desk it was veto proof.  I still think the shit bag should have vetoed it and let congress override the veto, but he didn't.  But saying the repeal of Glass Steagall is on Clinton is revisionist history big time.

Wed, 09/10/2014 - 18:13 | 5203945 Monty Burns
Monty Burns's picture

He wasn't going to veto it with Rubin and Summers as his honest advisors.

Wed, 09/10/2014 - 18:54 | 5204105 Lux Fiat
Lux Fiat's picture

The same president who sold out his country by allowing China into the WTO when they clearly did not meet the requirements.  Hmmm...I'm sure all of those suspect campaign contributions from Charlie Trie and company had no bearing on his decisions.   The great offshoring of manufacturing jobs picked up steam after that.

Wed, 09/10/2014 - 19:05 | 5204132 greatbeard
greatbeard's picture

>> The same president

I never defended the POS and have no use for him.  But I still try to stick to facts.  Some people, when they have an agenda, don 't feel that contraint.

 

 

Wed, 09/10/2014 - 19:13 | 5204163 mc225
mc225's picture

so, are most zerohedgers comfortable with the idea of a return to glass-steagall, but otherwise leave the 'federal reserve' banking system intact? i'd prefer to abolish the fed, rather than reinstate glass-steagall. free the money! unregulate all banking!

Wed, 09/10/2014 - 19:03 | 5204127 Herodotus
Herodotus's picture

Put some ice on it.

Wed, 09/10/2014 - 17:14 | 5203654 Crash N. Burn
Crash N. Burn's picture

As per Cornel West, "brother Barack Obama" is:

Wall streets’ black mascot

Black puppet of the plutocrats

Bill Clinton (a crass opportunist) in blackface

Dr Cornel West interview – Obama is Wall Streets’ black mascot

 

They all work for me.

Wed, 09/10/2014 - 16:37 | 5203488 alexcojones
alexcojones's picture

De Dollarization has only "Seemed" to have made the USD stronger.

And PMs weaker.

Bizarro World, I guess

Wed, 09/10/2014 - 16:45 | 5203522 Rock On Roger
Rock On Roger's picture

As someone (Jim Willie?) predicted.

Dollar goes up and then it goes to Zimbabwe.

 

 

Wed, 09/10/2014 - 17:01 | 5203580 J Pancreas
J Pancreas's picture

Dr. Jim Willie predicted this last February if not earlier. Just listened to that lunatic for an hour while painting my house. As obnoxious as Willie is, there is no better for understandable clear conclusions and predictions for what is going on.

 

The key to this payment system, as Willie also stated, was Germany flipping sides and aligning with the BRICs. According to Willie, Merkel and Putin's meeting earlier this was to agree to give Crimea and Sevastopol to the Russians but keep Germany supplied with gas this winter. The battle at hand is the bankster/politician oligarchy versus the industrialists within Germany. We'll see who wins. Either way America loses.

Wed, 09/10/2014 - 17:24 | 5203706 Kirk2NCC1701
Kirk2NCC1701's picture

Does that colorful PhD in Statistics and his Excel Predicto-matic give Odds?  Probability or Confidence levels? 

How about results of a 1,000 Monte Carlo runs?  Game Theory sims?  Or just Qualitative views, based on news, blog postings, and anecdotal feedback from clients?  Just curious.

Wed, 09/10/2014 - 16:45 | 5203526 F0ster
F0ster's picture

its probably a manipulated coordinated head fake to let folks thing the USD is the safe haven currency of last resort. It will back fire.

Wed, 09/10/2014 - 16:47 | 5203528 ThirdWorldDude
ThirdWorldDude's picture

Uh-uh, don't forget who runs Skynet. And what currency PM prices are fixed in.

I guess we'll find out on the 24th

Wed, 09/10/2014 - 17:16 | 5203667 Bossman1967
Bossman1967's picture

what's up on the 24 th all these dates!

Wed, 09/10/2014 - 17:29 | 5203737 JustUsChickensHere
JustUsChickensHere's picture

Or the 26th when the Shanghia (physical) gold exchange opens to the world.

 

 

Wed, 09/10/2014 - 16:56 | 5203567 RaceToTheBottom
RaceToTheBottom's picture

PMs are getting waterboarded.

Our world is so Cheneyed

Wed, 09/10/2014 - 16:38 | 5203493 1000yrdstare
1000yrdstare's picture

This means they need to be "freedomed the shit out of!"

 

(oops, they ain't Iraq or Libya....)

Wed, 09/10/2014 - 16:40 | 5203501 emersonreturn
emersonreturn's picture

i posted this on another thread.  bloomberg reports that EU is about to impose stricter sanctions which hit XOM and BP, particularly drilling in the arctic.  XOM and BP both declined comment other than to say they follow the law.  but this would directly hit both companies.  rosneft has said the kara sea could be as big a play as the SA.  both companies ought to have sufficient lobby skills to have avoided this, so it makes me wonder what else besides business is at play?  

Wed, 09/10/2014 - 17:02 | 5203585 Uskatex
Uskatex's picture

IMHO there is the Military Industrial Complex at play.

Moreover, they hope to make Russia bow and subsequently collapse a la USSR, so that also XOM and BP will be able to come back.

Wed, 09/10/2014 - 17:14 | 5203653 emersonreturn
emersonreturn's picture

uskatex,

 

yes, i thought it may be MIC.  if they really are staging for war, then it may be silly to allow rosneft to read XOM's deep water drilling mail...  but i've also wondered if it may be coming from the ME.  XOM and BP need the resources.  surely both are sufficiently saavy to know there won't be an after...

Wed, 09/10/2014 - 16:41 | 5203503 RabbitOne
RabbitOne's picture

They said “…begin the unraveling of the USD reserve currency status…” I said “…Keep buying PMs…”  

Wed, 09/10/2014 - 16:42 | 5203510 Obama_4_Dictator
Obama_4_Dictator's picture

getting a little tired of all these sky is falling stories....when will THE event finally commence....

Wed, 09/10/2014 - 16:53 | 5203558 McMolotov
McMolotov's picture

The sky is already falling. It just takes a while to reach our heads, and then everyone's like, "Ow! What the fuck?!? Guess I should have listened to all those nutters on ZH."

Wed, 09/10/2014 - 17:00 | 5203582 JohnG
JohnG's picture

 

 

IT is already happenning, it's just that such a large empire has so far to fall that it takes a long time, then it all comes down at once.

All these things happenning in the world is the system tearing the seams out. 

It is happenning now.  Get ready while there's still time.

Wed, 09/10/2014 - 17:16 | 5203659 Obama_4_Dictator
Obama_4_Dictator's picture

Have been preapred for years and years now.....just getting sick of seeing the same stories over and over and over agina with seemingly nothing happening.

Wed, 09/10/2014 - 17:17 | 5203672 besnook
besnook's picture

it only happens fast too close to the end to prepare for the aftermath.

think of it this way. you only need 365 cans of dinty moore stew or spam if you like and a coupla water filters to get through the first year.

Wed, 09/10/2014 - 18:16 | 5203957 Obama_4_Dictator
Obama_4_Dictator's picture

I am not worried, like I said I am prepared, take that for waht it's worth

Wed, 09/10/2014 - 17:29 | 5203738 Dapper Dan
Dapper Dan's picture

must be getting close

 


Selective Service ads are run every day, several times a day.


In fact, they are producing more of them, airing them more often and the ads are becoming "bigger budget," with actors playing in skits explaining the benefit of  "you" signing up at age 18.


So what's the purpose of these ads, and why are they running them continuously, for months, so far? Normally these "public service" themes run for a few weeks or a month and then they are on to the next "worthy cause."


But not this one. This one the government is pushing hard. So – why? What are they expecting to happen? What are they planning to cause to happen and when?


Given their devious record so far, it at least appears that this administration is planning for something.

http://freedomoutpost.com/2014/08/selective-service-ads-constantly-airing-us-whats-endgame/

 

Wed, 09/10/2014 - 16:43 | 5203512 QQQBall
QQQBall's picture

Does that mean the new system will not involve asking who I am sending the money to, who THEY are and what the money is for? Will I still have to get a finger up my butt to w/d more than $600 cash.... China and Russia aren't the only ones fed up with this bullshit

Thu, 09/11/2014 - 00:45 | 5205213 Volkodav
Volkodav's picture

Russia has 13% Flat Tax only.

Wed, 09/10/2014 - 16:43 | 5203517 QQQBall
QQQBall's picture

Reading a book on money. It goes back and discussed Tally Sticks, which I had forgotten about.... USD's shelf-life is limited.

Wed, 09/10/2014 - 16:45 | 5203525 Perimetr
Perimetr's picture

The US intentions in Ukraine have always been to:

(1) Make Ukraine part of NATO, in order to put US/NATO BMD on Russian borders and

(2) Get Russia out of Sevastopol, which is its only warm water port

 

It was *NOT* the US intention to "provoke the Kremlin so hard that the nation with the world's largest reserves of mineral and energy resources would jettison the US Dollar."  

Keeping the US dollar as the global reserve currency is absolutely the #1 priority of the Banksters running the show in Washington.  Without that, there is no paying for the endless wars. 

But the absolute stupidity and hubris of our "leaders" seems to blind them to the consequences of their own actions.  They can't think two steps ahead.

They can't even think about the consequences of nuclear war, which is what their insane policies are heading us all for.  Human extinction.

Wed, 09/10/2014 - 16:50 | 5203544 remain calm
remain calm's picture

As long as they blow up Washingtom DC, the world will be a better place.

Wed, 09/10/2014 - 18:41 | 5204055 Charles Nelson ...
Charles Nelson Reilly's picture

Gimme a couple hrs to pack please

Wed, 09/10/2014 - 16:56 | 5203571 astoriajoe
astoriajoe's picture

"It was *NOT* the US intention to "provoke the Kremlin so hard that the nation with the world's largest reserves of mineral and energy resources would jettison the US Dollar."

The article doesn't say it was.

Its sort of like when a guy's girlfriend says "If your objective was to make me feel like crap on our anniversary, then mission accomplished" because he forgot to get her a gift.

Wed, 09/10/2014 - 17:14 | 5203650 johnmack
johnmack's picture

my question is russia is allied with many coastal "partner" some more nefarious than others,  slapping a base or too along the african pennisula would prove to be of strategic importance. 

also asking the ol boys in venezuela to host a base would provide venuezla(not that i care about maduro) with some insulation. 

Lets be clear we arent taking about dotting the world map with army bases but make 5 to 10 offshore naval military bases around africa and latin america.

 

Wed, 09/10/2014 - 16:50 | 5203530 Kirk2NCC1701
Kirk2NCC1701's picture

Will they use Dell, IBM or HP computers and servers?  The HP internet Backbone?  Cisco routers?  iCloud storage?  MS Office?

Inquiring minds (at the NSA and Fed) want to know.   And may we suggest Blade farms in Belgium, and office space in Brussels or near Wiesbaden?

Wed, 09/10/2014 - 16:52 | 5203553 Freddie
Freddie's picture

LOL!  iClod storage.  Sysco rooters. 

Do they store all those Treasury Bills on those blade farms? 

Wed, 09/10/2014 - 17:04 | 5203601 Kirk2NCC1701
Kirk2NCC1701's picture

Yes, all those USTs that Brussels keep buying will be stored there.  ;-)

Wed, 09/10/2014 - 16:56 | 5203568 Uskatex
Uskatex's picture

They will use Lenovo or Hitachi computers, Huawei routers and fiber cables, no need for cloud storage, OpenOffice and Linux.

The farms better be in Siberia or Inner Mongolia.

Wed, 09/10/2014 - 18:02 | 5203900 Monty Burns
Monty Burns's picture

There's Open Source stuff for nearly everything now if you're prepared to do the work on it.  They'd be crazy to use Western equipment, databases and telecomms protocols/infrastructure for such an initiative.  In fact I can virtually guarantee that they won't.

Wed, 09/10/2014 - 16:48 | 5203537 NuYawkFrankie
NuYawkFrankie's picture

Time to dust-off my old SWIFT manuals... and buy a Russian phrase-book.

Wed, 09/10/2014 - 16:55 | 5203564 Kirk2NCC1701
Kirk2NCC1701's picture

Kuck tee podjivayesh, gospodyn Frankie?  Horrorshow?  Spass-see-bow?  DOS-vid-Anya.

That's the extent of mine.  Won't impress Crimea's Chief Prosecutor, Miss Poklonskaya (total babe!), I guess.

Wed, 09/10/2014 - 17:27 | 5203616 NuYawkFrankie
NuYawkFrankie's picture

Thanks for the phrases - you gotta strat somwhere , I guess.

Had no idea about Miss P. - just looked at a pic of her....agreed... total MEGA babe!

If theyre all like that, I'm on the next damn flight. - might even throw in FEDWIRE, if they want it,   as an introductory freebie - on condition that Miss P prosecutes me, finds me guilty & PERSONALLY administers the punishmnet ;)

Wed, 09/10/2014 - 20:31 | 5204384 Minge
Minge's picture

Just say "Oochen pre-utna svamie comeetsomeetza."    Roll the r.  Very pleased to meet you.

 

Or, if the guy is a dick, say "Ookutz vkutz."  Bite the bone.

 

Or, you can amuse yourself by calling him a "music cunt."  Which he would interpret as your praising him for being a musician while you can be comfortable that you called him a cunt!

Nod to Inthemix96 for the cunt reference.

Thu, 09/11/2014 - 00:39 | 5205202 Volkodav
Volkodav's picture

I would forget that idea if I were you...

Wed, 09/10/2014 - 23:32 | 5205059 petkovplamen
petkovplamen's picture

that's "spa-see-bah", not "Spass-see-bow".

Wed, 09/10/2014 - 17:02 | 5203594 Urban Redneck
Urban Redneck's picture

MT960
MT960
MT960

Wed, 09/10/2014 - 16:49 | 5203538 lasvegaspersona
lasvegaspersona's picture

If Obama oversees the end of the dollar...wothout war...he deserves praise.

Wed, 09/10/2014 - 17:09 | 5203631 Kirk2NCC1701
Kirk2NCC1701's picture

True.  But you know what he won't get:  The "Swedish Central Bank Prize in Economics", aka Nobel Prize in Economics.

The Fed owners and fellow CB friends would veto that nomination in a jiffy.  ;-)

Wed, 09/10/2014 - 16:52 | 5203539 lasvegaspersona
lasvegaspersona's picture

dupe

Wed, 09/10/2014 - 16:53 | 5203559 pendragon
pendragon's picture

russia n china deserve each other. let's pray they use contraception.

Wed, 09/10/2014 - 16:53 | 5203560 Quaderratic Probing
Quaderratic Probing's picture

Swift is linked to 9000 institutions

RUSSIA, CHINA hmmmm 2

Wed, 09/10/2014 - 17:06 | 5203611 CH1
CH1's picture

Yeah, cause nothing new ever works.

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