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De-Dollarization Accelerates: Russia Launches SWIFT-Alternative Linking 91 Entities
Back in 2013, The NSA was first exposed for secretly 'monitoring' the SWIFT payments flows. This appears to have been among the last straws for Russia (and others) as far as both NSA spying and dollar domination.
Last year, following threats to remove Russia from SWIFT by the UK, (which SWIFT rapidly distanced its 'independent-self' from), Russia (and China) announced plans to create its own de-dollarized version. In November, Russia detailed the SWIFT-alternative's launch date around May 2015, and just last month, Medvedev warned of "unlimited reaction" if Russia was cut off from the SWIFT payments system.
So the news this week that Russia has launched its own 'SWIFT'-alternative, linking 91 credit institutions initially, suggests de-dollarization is considerably further along than many expected (especially as Russia dumps US Treasuries at a record pace).
Almost 91 domestic credit institutions have been incorporated into the new Russian financial system, the analogous of SWIFT, an international banking network.
The new service, will allow Russian banks to communicate seamlessly through the Central Bank of Russia.
It should be noted that Russia's Central Bank initiated the development of the country's own messaging system in response to repeated threats voiced by Moscow's Western partners to disconnect Russia from SWIFT.
...
Joining the global interbank system in 1989, Russia has become one of the most active users of SWIFT globally, sending hundreds of thousands of messages per day. In general, SWIFT provides a secure communication network for more than ten thousands of financial institutions around the world, approving transactions of trillions of US dollars.
Earlier this month Russian Deputy Prime Minister Igor Shuvalov expressed confidence that Russia would not be disconnected from SWIFT. In her turn, Russian Central Bank First Deputy Chair Ksenia Yudaeva called upon Russian civilians and financial institutions not to dramatize the current situation.
Russian experts point to the fact that Western businesses would face severe losses if they expelled Russia from the international SWIFT system. On the other hand, the alternative system launched by Russia might reduce the negative impacts caused by measures imposed by the West, including possible disconnection from SWIFT, and diminish Western financial dominance over Russia.
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SWIFT (The Society for Worldwide Interbank Financial Telecommunication) is a Belgium-based international organization that provides services and a standardized environment for global banking communicating that allows financial institutions to send and receive messages about their transactions.
The core of SWIFT's work is a secure financial messaging service that communicates payment orders to be settled at correspondent accounts — accounts that one financial institution holds with another financial institution.
The network has become key to the functioning of Russia's financial system since the first bank began to use the service in 1989.
About 360,000 such messages are sent daily, making Russia the second most prolific user of SWIFT in the world, the head of SWIFT in Russia, Roman Chernov, told a conference last year, according to RIA Novosti. Over 600 Russian financial institutions use SWIFT, which saw a 40 percent growth in its traffic in 2014, he said.
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Oh. This is going to go over well.
Release the Kracken!!!
World Zionism (WZ) is the power to "counterfeit money” to enrich only themselves, the power to tax all others, and immoral pernicious usury, the three of which combine to plague the entire human race and cause massive debt-slavery and starvation worldwide for all. Also the power to evade all criticism, law enforcement and agreements internationally. Such nice people. I hope Russia and China drop a Nuclear Bomb on Israel.
US supremecy has decades to run. No country or economy is coming close to replacing the USD's role in the global economy.
Typical ZH US bashing.
The "global economy"... is that the shiploads of Chinese shit off Long Beach? The NSA-infected hard drives in every computer in the world? The millions of barrels of oil Americans piss away daily?
Seems we'd be better off without the "global economy".
The reason for the war!
Just out of interest, how will this work outside Russia? Will it be RUB-based? Will it operate outside Russia through Branches of Russian Banks or will foreign Banks be expected to join? If the latter, will they be allowed to do so by our free and democratic Governments?
Bilateral agreements. Weird, huh?
http://www.veteranstoday.com/2015/02/05/get-the-hell-out-of-our-country/ good read
How do you say, "Yes we can!" in Russian ?
How d oyou say, "It's on like Donkey Kong" in Russian?
wait, december they said MAY... but now in mid february they launch it ?
why a such fast acceleration in the schedule ... from 6 months announce they go with 2, mean, 3 times less... hmmmm
i think they want to be in control of their money when ukrain spot expend to whole europ. what else can it be... almost end of winter, EUSSA boots gonna go ar15_tee-shirt on ukraine soon with the A10 jets...
springs used to smell grass, and shaved legs under the dresses, now i feel like canon powder.
The Russians and Chinese are still thinking small. How about a UN clone that doesn't invite the war mongering US/UK, or invites them but they have no more veto power than any other country.
Then everyone stops going to the old UN where westerners have all the power.
http://www.forbes.com/sites/greatspeculations/2015/02/19/china-buys-more...
Do. Not. Fuck with Joobux™!
This post is dedicated to the memory of francis sawyer.
This too http://www.veteranstoday.com/2015/02/12/workin-for-the-occ/
And Jim Willie has been warning this for the last 4 years.
Best way to prepare for this is and has been to have been stacking phyzz silver, bitchez. For those who were too blind and stupid to understand that all this time....well...you bitchez are pretty fucking lucky.
Because phyzz silver is still on the biggest sale in the history of the fucking universe right now. So if you haven't been paying attention up until now and also haven't been stacking???
Well, quit buying lotto tickets, you fucking retards. Start stacking phyzz silver now while the gettin's good.
Or don't.
I really don't give a shit if you don't. More for me and the rest of us who totally understand what stacking is all about. We'll keep tearing that shit up on the cheap for as long as these sociopaths and psychopaths keep trashing their paper bullshit for us.
The rest of you who fall for the bullshit against stacking phyzz PM's can just go ahead and fucking suffer after the SHTF.
FINE BY ME.
Or you can pull your fucking head out of your ass and get to work stacking and prepareing.
I don't evey know why I try anymore. Most of the sheep-tards are barely worth it at this point.
It's like that zombie show. We'll just wipe out the zombies one by one. Your choice whether you want to be a zombie or not. I certainly don't give a fuck anymore about those who haven't woken up to help themselves at this point.
7 years of trying and most still have their heads stuffed up Kim Kardashian's big fat fucking ass and haven't done a fucking thing to prepare themselves or their families.
I hope they enjoy the view. They can live off eating the GMO corn out of her shit for all I care anymore. I'm done with everyone who isn't in the game at this point.
... so tell us how you really feel.
just jerking your chain i totally feel ya, bro
Where did the black death originate? What about when the desperate hit the wormwood? What then for a third of the rivers. How did this land gain so much evil?
Wanna see some shit? :-(
doesn't chernobyl translate to wormwood?
Da, mui mozhem!
I find it intriguing that "Veterans Today" is one of the few US media outlets that publishes anything remotely resembling the truth?
Yes, I was amazed at that also. RT is another good source sometimes. Damn things are getting wierd.
Yes but RT is much-maligned in the US (Also because it gets too close to the truth for DC's liking) but this VETERANS Today. Still, I suppose that serving military members (Pre-Vetaerans) don't think much of the regimen either!!
Veteran's Today needs to be taken with a grain of salt.
Like Polular Mechancis, they have good and the ugly. You have to do your research.
That's the point. No media can give you the absolute truth. VT at times has articles that are borderline mentally deficient. Yet that doesnt mean that some stuff posted on VT isn't worth reading once in a while.
But: The likes of CNN and FOX ARE government entities for all practical purposes. These bastards ARE in the business of deception, misinformation and propaganda in virtue of their business mission. While ZH and the so-called luntatic fringe may contain BS (it is the job of the reader to cross-check for plausibilty) the MSM by defintiion has a pro-War, pro-Fiat-Money, pro-big-Governnent, pro-Status-Quo, anti-Russia, anti-liberty agenda.
Remember that Vt and it's sister sites are muslim sites, Duff is a muslim arming muslims through the site, and yes, a good deal of what they post is well worth reading. They just have an agenda also.
keep yer powder dry, they are.
Red Ice has the bestest most interestingest interviews. Rock on Henrik
You need to get your brain checked for a tumor - seriously.
Self-enslavement
Wow.
Self-enslavement is a hate spewing neo-nazi. He's put up the identical comment on several ZH posts today. His account should be deleted.
And you are an AIPAC stalker-troll?
This is Fight Club idiot . Cant stand the heat get out of the kitchen
Self-enslavement is a cock-sucking hate-spewing troll---there, that's better. Oh yeah, and he can blow me now.
In general, he is pointing out the obvious. America has two huge problems. One, unending war against Muslims for any reason. This costs trillions and benefits only Israel. Two, the financial rape of America on Wall Street by the bankers.
The guilty parties on both fronts are overwhelmingly Jewish.
more than likely SDR's unless Russia & China go big and back their currencies with gold
I doubt that because, in its present form, the SDR is dominated by USD and does not include either RUB or CNY...
Actually, if Russia wants to shore up the RUB before going to a Gold standard, it should make it RUB-denominated and insist that all energy-related payments are made through its new system. Then watch the RUB climb rapidly as oil and gas customers have to buy RUB to pay for energy.
If you can get your hands on the RUB and enjoy currency exchange, it's on sale like buying clothes the week after Christmas. On top of that the USD is sitting on top right now. Give a little get alot.
BTFD
How about this: A new SWIFT and a new SDR. BRICS SDR to bailout Eurozone.
http://philosophyofmetrics.com/2015/02/10/brics-sdr-to-bailout-eurozone/
The Russians should be on alert for hacking attempts to crack the new swift alternative. Might be a new step in the currency war.
It's rather obvious there will be some hacking attempts. Security of systems such as SWIFT and its Russian counterparty is inherently based on keeping access shut. Once security is breached there is no easy way of getting rid of attacker.
It is exactly the oposite what Bitcoin's blockchain phylosophy is: security if encryption keys is dispersed rather than kept centrally, thus any potential attack is limited in scope to accounts for which keys were compromised.
They could have done it in one day with proof-of-stake. It's much more centrally controlled and you can just type in much much $ you have, instead of having to work for it.
This is not much more than Citi setting up a VPN between branches. Transactions outside of Ruskie land seems to still require SWIFT. Since Puutie has done the Sweep for hard currency from most internal banks, it will work for Rubles and little else. Wonder how many digits the system is set up to accomodate? Hope they looked at Zim quantaties for design parameters.
The main reason for this is to allow domestic institutions to continue to send each other messages regardless of whether or not Russia is expelled from Swift.
As the article says there are about 600 Russian entities using Swift and so far 90 or so are on the new system, expect the remainder to move across as the system proves itself.
It is good practice to build up volume in a new system, you don't just switch everything across on day one.
There are a couple of components to the Swift network:
One is a set of standard messages covering all types of financial transactions e.g. payments, statements, securities, FX confirmations ...... going from memory about 300 different message types. If i were doing this i would use the same message standards as it would be one thing less for the end users to change.
Two is a secure network that provides high certainity that the sender is who they claim to be and that messages have been received.
So, for the Swift network no tom, dick or harry can join only certified organisations such as banks, brokers and listed corporations, links are encrypted end to end so that it takes NSA strength to crack it.
If a Russian or any other bank wants to say send USD they will have to use a US based intermediary, similar for other currencies for CHF need Swiss based clearer.
No reason why this system could not be rolled out to other countries in time as an alternative to Swift if they fold to US pressure.
By the way if the US sanctions say no Russian banks may do business with USD then it doesn't matter if they are on Swift the US banks will have to comply and bar them like money laundering.
If The new Russian interchange system has a different communication protocol (new and mrove one could arge), and they design their system on computers ased on the ARM chip architecture. I suspect the Chinese will get on board fairly quickly. Once the Chinese and other ASEAN countries join the new Russian Interchange system, and all transactions are denominated in Renminbi, Rubles, and other local currencies it will be very difficult for the three letter agencies of the US, an other black hat hackers around the world tocrack that system.
Intel chips, all hardware from Westernized corporatons are ful of firmware backdoors for the NSA to hack into. They are losing credibility rapidely. I am already desining my next computer that will be based on the ARM architecture running a compatibl version of Linbux on it.
seconded. maybe they could build in the sound of a toilet flushing when you click the send payment button.
I get you don't like the dude, but aren't you giving him a little too much credit?
The Chinese make it cheap, the NSA keeps you safe and Saudi Arabia has almost an unlimited supply of oil. This is the most prosperous time in human history!
Damn, good sarc returns to ZH
It's MDB, he's baaaaack
Can you fit that on a bumper sticker?
Here you go:
EVERYTHING IS AWESOME!
...and SSS is a genius.
Thought I'd add just one more lie to the list.
Your troll-fu is strong, but not quite strong enough... NSA keeping you safe was a bridge to far.
#41
SSS>>>Define prosperous? If the term for you for some unexplainable reason means:
1. Rapid ecological devastation – an ever decreasing biodiversity, overexploitation of natural resources (the US fracking industry being the most heinous and recent example of negative ROI-projects being made possible by the fiat/debt Ponzi scheme – and projects were the ‘externalities’ are of such magnitude to actually threaten human/flora/animal existence in the areas affected (the poisoning of the groundwater and devastation of the natural geology) and poisoning of the ecosphere (air, water and ground)
2. Oligarchy/cleptocracy – the dominant economic and political paradigm is created, sustained and expanded to service the 0,01 %. The political system could be called the ‘Casino-Gulag’-model. All economic activity is perverted into pure speculation (also called gambling) – and it’s free fiat for the 0,01 % and Gulag-debt-slave-life for the rest. It’s a paradigm of blatant theft – theft of common property, theft of knowledge, theft of power (the original theft being the seizing of the monopoly on fiat-creation – the FED) and theft of real capital savings (the original prerequisite for capitalism being the creation of capital – now being made impossible by ZIPR/NIRP).
3. Blind consumerism/money worshipping – the worst part of contemporary society is its materialism. The old religion of Mammon (the Golden Bull – interestingly enough) is predominant. Many people think they live in societies influenced by some moral sentiment – being Christian (Protestant or Catholic), Hindus, Muslim, Jew or whatever – but in reality there’re no stronger force than the mighty fiat. If it pays it’s good (I’m not religious myself, but I find a lot of wisdom in all religions – and they all share a disdain for money-masters – our new priesthood. I.e. Christ threw them out of the temple and in Islam rent is a sin). The most consumerist societies are also the most hollow (US being a prime example) – people are purposefully dumbed down and made to believe that the plastic/chemical/GMO-crap they buy will make them happier/give them a meaningful identity or purpose with their life. This alienation is the real tragedy – all that waste of life (consumer Zombies).
4. Empire – US is (for a little while still) an empire. It’s power is not derived from moral authority but from brute force. The money wasted on maintaining this empire is sickening. Again it’s only the 0,01 % that benefits. And the masses suffers. Not only the victims of droning, torture, assassinations, war, illegal imprisonment or the many other immoral actions necessary to sustain an illegitimate empire, but also the people living in the center of the empire suffers. They are made the victims of propaganda – instead of seeing the multitudes of cultures and people as a resource and not least as a source of inspiration, knowledge, beauty and adventure they are made into images of ‘the dangerous other’. The ‘mighty Americans’ are propagandized to fear the populations of (mostly) third world nations.
I agree.
Everything is still awesome!?
. The "global economy"... is that the shiploads of Chinese shit off Long Beach?
No. Global economy means this: The productive (Germans, Japanese, Koreans, Chinese) work in exchange for used toilet paper aka US$ while the US prints like there is no tomorow in order to both, relentlessly wage wars and feed its own increasingly unproductive titty-tained populace - with the ultimate goal of funnelling all profits into the pockets of a tiny class of financiers acting out of extra-judicial finance centers, predominantly "Wall Street" and the "City of London".
The US ruling class (and the media it lives in symbiosis with) are held to use the key-adjectives "indispensable" and "exceptional" when "reflecting" the US' role in this feudal world order.
Any further questions?
Isn't it a bad thing if your piss is dark and not clear?
That's your opinion. There is no natural law that says that is the case.
Pull the plug already Putin!!! Fucking do it!
The oligarchs will soon pull the plug on Putin.
Not sure who will win the fight to replace him, but decline in economic conditions will take him out.
People in Russia have developed certain expectaions of improved conditions. He cannot meet those expectations so he will be out. He may not outlast Obummer in holding office.
I guess you missed the memo. Putin is the oligarch, and probably the richest and most powerful in the world right now.
Are your cubicles next to each other?
They share the same trailer.
Meth Lab.
Airport bathroom stall.
.
and he is PROFOUNDLY popular in russia. The russians are smart enough to know that their current hardship is down to western aggression, and would be worse without putins shrewd navigation
Yeah, Russia is great. The recession in their dictatorship is only a delusion. Ukraine will be their next Afghanistan.
A Sarcastic great - check
Recession/Depression - check
Dictatorship - check
Ukraine will be their next Afghanistan - check
We are talking about The U.S. right?
How the fuck did he become the richest? ever ask how many innocent bodies that midget has baried in Siberia? or the piles of trash outside of Moscow?
No your dick just remains hard when he takes off his shirt, right? which cloudes your judgement.....
Tell me how did the $52B go for all those infrastructure projects for the winter olympics? it is easy to get rich if your take is 10 percent of all those contracts....
augustus, you are just plain wrong. please stick to talking only about things of which you have some kind of understanding:
" People in Russia have developed certain expectaions of improved conditions. He cannot meet those expectations so he will be out. "
people in russia understand that their country is under fincancial attack by the west. they are used to hardship, and they will endure. meanwhile, putin's approval rating in russia is at an all-time high.
soon the tables will be turned, as there is an increasing exodus of nations from the western imperial camp, to the brics camp, led by france, germany, and greece. within a few years, nato will become a historical footnote on wikipedia, and it will be the ussa that ends up being the one who is isolated.
According to who the russians are okay with their current plite? If a russian were to complain on tv or in print we all know that Putin's KGB thugs will slit their throats....oh but Russia is a free society, where everyone is allowed to voice their opinions and where unicorns roam freely. Get a life, Russian life sucks because a midget wants all the power....I am not saying it doesn't suck in the west....but if you think long term the midget will save the world - then I would advise you to leave the west, unless you are a person of color, gay etc...
they say 74% of population is behind him, so I dont think we have anything to worry about Putin being removed.
on the other hand, the real line of division in this world is runing horizontally not vertically
And you think that poll was done by an independant third party, with no ties to Putin?
lIKE USA PRESIDENTIAL ELECTIONS ?
pitin may be a crook but is acting the best interest of his country
and so are his friends
they are the oligarchs and the statesmen at the same time - the essense of the russina system
most russians are no longer looking at the west with awe
and they are re-arming
How does one tell a "natural law" from an opinion?
Opinions can be derived from natural laws – it doesn’t work the other way around.
Silver Short Seller said: "No country or economy is coming close to replacing the USD's role in the global economy".
The US is doing it to itself, another country or economy is not even required.
You also make it sound as if "US bashing" is unwarranted. You mean it's unwarranted to bash one of the most evil fucking empires responsible for untold civilian casualties as it reigns "terrorism" by another name on any country in the world which has resources the US wants. Who's congressmen conduct insider trading with abandon and who profit enormously from the military industrial complex. For a bunch of evangelical mother fuckers this is a nation sick to the very fucking core.
Well, you see, Hitler killed millions of people for ethnic purity, which is bad, but DC kills millions of people for democracy, which is good.
Is that why Obumboy won't put any labels (eg. Radical Islamic terrorists) on the "Folks" he kills?
Ivan says: In USA democracy means dollar hegemony.
"Four legs good, two legs baaaaaaaaaaaaaaaad."
- Animal Farm
"Hitler killed millions of people"
.. and they never let us forget it. Eternally the victims.
Stalin, Mao and the deep US state since JFKs assassination have murdered multitudes of millions more than hitler. Not to mention Germany had financial help from the US/UK to finance Germany as a bulwark against communism.
...being ZH I hope I'm not bursting any bubbles by saying the US oil embargo of Japan got us into WWII. FDR knew in advance of pearl harbour. Also the Japanese had offered many surrender before we dropped the bombs. We had to test our new toys on civilian populations. Any sane person would have dropped those bombs on militarized islands then said next will be Tokyo. They would have agreed just as they did but without the US killing innocent children, women & civilians.
Exactly Citium, the propaganda is strong , the reality is he was a peace loving hippy compared to the war mongering alcoholic coward Churchill, the psychopathic mass murderers Stalin, Mao and Truman/ Rooosevelt/ Eisenhauer. He also had the courage and patriotism to volunteer to fight as a footsoldier in the trenches , which modern "leader"can claim that (Ron Paul an JFK ?prob the last of that ilk).
Was it John Rockefeller and Standard Oil; Henry Ford and Ford Motor Company; and Preston Bush and Union Bank that placed Hitler in power and backed Hitler's Nazi Regime, even while England was being bombed?
How many English Civilians did the USA help Hitler kill?
We do not have any real friends.
The oligarchs on Wall Street killed their own kin in Dachau....for a profit.
It is no different than 2000 years ago when 40 pieces of Silver was traded for the betrayal of an innocent. Same as it ever was.
Not to be a dick but it was 30 pieces of silver. But your comment is spot on. The hypocrisy makes me nauseous somedtimes.
You are likely off by an order of magnitude, perhaps because collapse can also be plotted as an exponential function.
Look basement dweller you can only kick a bear so long. I come from a generation who was raised to know what Russia is and putin was KGB definitly not a community organizer as Obama has sucessfully undone so much respect that we used to have by the world what country will stand with us outside of the broken aeU countries. If we dont stop fucking all this up we gonna havea bear allover our ass. So go talk to your mommy upstairs about history
She is indoctronated worse than he is. How do you think we got him.
Russia and China are not "coming close," but walking away.
Central Bank of Russia also expanding the use of gold as loan collateral:
http://rusvesna.su/economy/1424243664
That is an interesting link Sam. If Russian is expanding use of gold as collateral,In a similar story, India also announced the expanded use of gold as collateral today. co-incidence? India also just cancelled aircraft deal with France and chose Russian jets in past week. Seems something afoot?
I've been taking their cue for years.
The US has become a naked global parasite, it shows, and their parasiting days are numbered. The Russian people went down the Bolshevic revolution shithole and they know the zio history that put them there. Freedom is important to them now. Americans, mutatis mutandis, are now on the same journey, courtesy of their zionist handlers. The Russians are crawling out of the zio shithole while the Americans are crawling in. Until I see it different I'm rooting for Russia because that's one serfdom shithole I personally have no plans to occupy.
I think ZH reality beats your delusion.
Your assumption that the, "global economy" will roll on, and that there will be any universally used reserve currency is baseless and idiotic in the face of all the evidence. The USD will crumble along with the financial house of cards that has been building up around the globe for decades.
idk man the dollar is looking prety shakey, the /DX is only up 3.7% so far this year.....
At least US superiority is not going to be threatened by a third world banana republic like Russia.
Every day ZH has an alert about how awesome Russia is. A pathetic shadow of it's former self, run by a tiny inbred oligarchy/crime family, with Putin as the Godfather. In general, a country so badly run that it is antithetical to everything we've learned about organizing a nation state that is able to compete in the modern world.
Soon they will command all of Eastern Ukraine, and possibly Greece. And from those basketcase economic black holes as launching pads, will soon take over the world. Right. Because everybody wants to be Russian.
The rise of the anti-hegemon. Just good to see an actual threat to the US Deep State. Someone finally calling us on our hypocrisy.
Ahh, this post created a split second of euphoria for me. thanks.
"US supremecy".
Is this also Ukrainian news-speak we are now held to adhere to such as "Debaltseve" (correct: Debaltsevo) and borderline mentally retarded "Kyiv" (correct: Kiev)?
cuz gud jobz and frugal peoplez yes?
Do you work in DC? That is their attitude too.
Now there's an intelligent comment, not!
World Zionism (WZ) is...
Your obsession. Or, more likely, your employer's obsession.
Keep sucking Sunstein's dick.
lol +1
Much like Americans have a lot of good people, their leadership and foreign policies have made them very much disliked around the world. A world without nukes and respect for sovereignty, rule of law and equality. I believe there will be change , even if it is forced upon them as is the case where Russia has drawn an actual red line to their shenanigans or they suddenly realise they aren't so exceptional and go clean out their houses for the inevitable multi-polar world. We live in hope...
Much like Americans have a lot of good people, their leadership and foreign policies have made them very much disliked around the world. A world without nukes and respect for sovereignty, rule of law and equality. I believe there will be change , even if it is forced upon them as is the case where Russia has drawn an actual red line to their shenanigans or they suddenly realise they aren't so exceptional and go clean out their houses for the inevitable multi-polar world. We live in hope...
In a nutshell, yes.
Actually, most Israelis {Jews in Israel} are not the problem. The problem are the Jews in New York, Hollywood, London and elsewhere. They are the Zionists who are constantly stirring up trouble, because they don't have to concern themselves with Katyusha rockets slamming into their neighborhoods. They are easily controlled by scum like Abe Foxman, APAC and other Zionist front groups.
Many Israelis, a majority, are knowingly or unknowingly COMPLICIT as they select the Netanyahu Government (that funds Abe Foxman, AIPAC, and other Zionist front groups) TO POWER.
Ceratinly there is a minority opposition to the policies of the current Zionist regime in Israel. But they are not vocal due to censorship or other Government supression.
It is no different here in America. People are people after all. And most are easily led sheep.
I know these Russian alternatives to western-based institutions may today seem laughably small and unimportant compared to what's currently the world standard (they did to me at first, too), but we should understand that Putin isn't trying to defeat the US or Europe. He's setting up to defeat the US and Europe that will remain AFTER we collapse in upon ourselves. Once that thought occurred to me, I finally "got it" what he's doing.
He's playing the long game. Which is probably smart because the entire western world is limping along one quarter at a time AT BEST with no thought to the long term consequences. He's the ultimate contrarian investor, if you look at it from a certain perspective.
They are not small. All organisation and banks which don't want have a deal with usa+uk govenrments will use our system. You can't trade with Iran or Russia with western banking system without HUGE problems with USA. There are many small countries, small banks, firms.
Second We must have indepenent system for safety
My question has been for years: Is China soaking every dime out of the westerns debt game only to one day come out with Russia and say we have 30,000 tons of Gold along with Russia' low debt and very rich in natural resources (as is china) to drop every last Treasury and convert to a regional commodity backed currency through oil & gold?
Some have said the western central banks will ignore it at first and buy all US debt. How long in real terms would that buy us? A year? 6 months or a week. If a multinational plan with nations such as the Brics plus Iran, India, even Saudi Arabia as they see that dollars have met their day, and to replace the petrodollar agreement between the US and the military safety they give the Sauds if Russia and China made a similar deal but with less extortion? "Use our Dollars or ELSE!"
If you are China you have 1.3B people. You know the west is collapsing under its own weight. What is left for you to do? Build stuff on American paper. Build a navy to cross the Pacific? Prepare for a great land war? A bit of both?
Honestly, China could wait until the west collapses than march 50M troops at Russia for the resources. If Russia uses nukes the there will be fewer mouths to feed (not to mention unemployed fighting age young men who might cause trouble at home). If they win, they own the world.
Just a 'what if' thought excersise.
Why drop nukes? America will collapse from within and fire first, if it comes to that. Knowing this is true, why go on the offensive? Make America the bad guy for the history books, and you'll win in the long run.
Instead of focusing on nukes, make fallout shelters for the public. There's a lot of undeveloped Siberian wilderness that would be absolutely perfect for underground bunkers...
Woar:
Your missing the real news, every where around the world Russia and China are completing business deals. China has more than 450 infrastructure deals with other countries in trade for business opportunities.
Every where you read about amerika or Isreal its about death war and pressure to succumb? Every bit of amerikan news is death at all levels. Russia and China will make bank a utility , not a money skimming midddle man Realy
Where can isrealies or amerikans travel safely. NO PLACE LEFT.
wtf.
Fall out shelters must be built close to major population centers. Once US nukes are launched, it only takes about fifteen minutes or so for them to be over Moscow and St.Petersburg. Most people will never make it to the shelters if the attack comes at night {it will}. Same for us here in the USA when the Russian retaliatory strike is launched.
The difference between China and the US is that China will trade on a basis of equality and get access to Russia's materials via commerce. The US on the oher hand sees no nation as its equal and wants to take other people resources. China has no need to do what you suggest.
So I get my Iraqi oil when?
Many of China's resources are already strained, depleted, or contaminated. That's why they are exploiting Africa.
America calls it exploiting. China and Africa call it a "win-win deal"
The same could be said of America.
We were exploiting Africa 1st. Also isn't China pulling more gold out of the ground than ever before.? Not to mention importing massively unreported amounts?
I would put a C note that China has at least 20,000 tons of gold. Real numbers, not what China says they have.
Great comment, I concur.
An individual jenga block is relatively small too, but the pieces add up-- particularly when removed from one stack to simultaneously build another.
Wow I agree and his swift alternative we will join after we fuck this whole thing up. Sad to say my country been on the wrong rosd for decades and this sudden speedup in the payment system ,all bad micro numbers, record low baltic dry index, manipulated markets. And on and on and on. This year starting out and accelerating into a real nightmare. This article actually tells us Russia is all but ready for us to collapse and when China and Russia dump thier ZuS holdings all at one tome well boom. Game Over
I sometimes get the feeling we are overestimating Russia and China. Russia is a two trillion dollar economy (by way of comparison: slightly more than Italy), with a clear over reliance on energy exports, a lousy demographic evolution, unfashionably low public debt levels, a military apparatus that makes you think twice before you decide to attack it, shaky democratic fundamentals and more corruption than any efficient nation should tolerate. In other words, I fail to see how Russia will be the next big thing.
The same goes for China, because though its economic and demographic size makes it a heavyweight on the world scene, its public and private debt levels, malinvestments, corruption and pollution are reaching breathtaking levels.
True, I have come to the point that I despise our US and EU leadership for their shocking lack of moral and fiscal rectitude, and our so-called independent MSM for their equally shocking lack of courage and integrity. Moreover, we in the West have collectively become decadent and complacent. I see all that. What I don't see is how salvation - some return to plain common sense - will come from the East.
I ask myself the same thing and conclude we will fall so far that they (East)will seem to be saviours. We are a societal mess in many ways and will not make it much further without something large shaking loose on our collective jalopy.
Russia is not the East. TOTALLY different culture from Oriental nations.
They won't become a world power in a day. They may never be 'the' world power. But they'll be a danned sight more important than they are now. At the very least, a clear and credible alternative to the West.
They didn't like when the old Soviet Union collapsed. Belive me, that was NOT fun for them. But they are DONE collapsing now. They're building something new on the ashes of the old. Meanwile, the US and Europe have yet to have their collapse...
As for common sense and salvation... just stop. You're going to go insane thinking about that kind of stuff. This is about power and control. The ultimate game on the world stage. The ONLY game on the world stage that has ever existed.
Paragraph 1: I know that, I was just too lazy to make that distinction in my last sentence
Paragraph 2: maybe, maybe not - who is to say, a lot seems to hinge on one man and one man only for the moment.
Paragraph 3: You're absolutely right there
Paragraph 4: one of these days, you'll turn me into an alcoholic with those encouraging remarks of yours.
No argument, my friend.
As for turning you into an alcoholic, I take no responsibilty. Looking into the abyss and accepting it is something I believe everyone should do sometime in their life- it's a very liberating experience if you live through it. Having it forced upon you by excess use of alcohol or drugs is not the recommended way of getting there, in my opinion. Better to do it with a clear mind and a fearless heart. I speak from some personal experience in this matter as I did NOT do it with a clear mind, nor a fearless heart.
The message coming from the BRICS is to have a multi-polar world. There is no one country seeking to dominate all others except the USA.
They have the resources, the populations and the manufacturing base.
We have lots of paper and pixels.
I would never underestimate a nation that holds 1.1 $Trillion in treasuries, has a million man army and more gold than the US.
good points. re "True, I have come to the point that I despise our US and EU leadership for their shocking lack of moral and fiscal rectitude, and our so-called independent MSM for their equally shocking lack of courage and integrity."
moral rectitude? depends on options, doesn't it? fiscal rectitude? isn't the whole thing about Greece a drive to fiscal rectitude? compare the fabled ECB QE to the new debt issuance scheduled for this year. better, don't, it would spoil several ZH narratives
MSM? do you read/watch all european news, in all languages, or just the English-spoken press?
Putin is not trying to defeat Europe.
Sorry.
What, it did'nt work the first time?
Well release it again dammit!
PTI,
Perhaps you mean...release the stuxnet....
Release the Krack-Yellen !!!
Fucking right on! Goodbye USD$, it's been...'interesting'.
Big deal?!!
I dunno-keeping track of multiple daily currency pairs and interest ratesand exchanging electrons accordingly seems like something an iPhone could do that might be really useful-essentially bypass the central banks entirely and put them out of their misery
The US and Russia are among the few countries on the planet which have the geographic features and infrastructure to be self-sustaining and wealthy at the same time. Too bad that's not enough for the oligarchs who lord over us all.
These fuckers are fixin' for a good ol' fashioned NSA ass-reaming. This system will be hacked and fist fucked within a year!
NSA are incompetent script kiddies, they couldn't hack their way out of a wet paper bag without government force to capture the manufacturers
Bingo! Gummit Personnel
I don't think the U.S. wants to get into a Hack O Tack with the Russians, their egg heads are damn good and will stuff the ether with gut bomb and send it right back down the pipe at them. The next war may be over in a nano second and Olga with the ox cart full of fresh turnips may end up the fastest delivery system on the planet for 6 months.