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China Completes SWIFT Alternative, May Launch "De-Dollarization Axis" As Soon As September
One of the recurring threats used by the western nations in their cold (and increasingly more hot) war with Russia, is that Putin's regime may be locked out of all international monetary transactions when Moscow is disconnected from the EU-based global currency messaging and interchange service known as SWIFT (a move, incidentally, which SWIFT lamented as was revealed in October when we reported that it announces it "regrets the pressure" to disconnect Russia).
Of course, in the aftermath of revelations that back in 2013, none other than the NSA was exposed for secretly 'monitoring' the SWIFT payments flows, one could wonder if being kicked out of SWIFT is a curse or a blessing, however Russia did not need any further warnings and as we reported less than a month ago, Russia launched its own 'SWIFT'-alternative, linking 91 credit institutions initially. This in turn suggested that de-dollarization is considerably further along than many had expected, which coupled with Russia's record dumping of TSYs, demonstrated just how seriously Putin is taking the threat to be isolated from the western payment system. It was only logical that he would come up with his own.
There were two clear implications from this use of money as a means of waging covert war: i) unless someone else followed Russia out of SWIFT, its action, while notable and valiant, would be pointless - after all, if everyone else is still using SWIFT by default, then anything Russia implements for processing foreign payments is irrelevant and ii) if indeed the Russian example of exiting a western-mediated payment system was successful and copied, it would accelerate the demise of the Dollar's status as reserve currency, which is thus by default since there are no alternatives. Provide alternatives, and the entire reserve system begins to crack.
Today, we got proof that it is the second outcome that is about to prevail following a Reuters report that China's international payment system, known simply enough as China International Payment System (CIPS), which serves to process cross-border yuan transactions is ready, and may be launched as early as September or October.
According to Reuters, the launch of the will remove one of the biggest hurdles to internationalizing the yuan and should greatly increase global usage of the Chinese currency by cutting transaction costs and processing times.
It will also put the yuan on a more even footing with other major global currencies like the U.S. dollar, as CIPS is expected to use the same messaging format as other international payment systems, making transactions smoother.
CIPS, which would be a worldwide payments superhighway for the yuan, will replace a patchwork of existing networks that make processing renminbi payments a more cumbersome process.
In other words, while the west was using every provocation involving the Ukraine civil war as an opportunity to pressure Russia into developing its own cross-border payment system, it achieved not only just that but it also pushed China to accelerate the roll out of its own international payment system, in the process telegraphing to the world that the USD is replacable as a reserve currency and giving any other nations (such as the BRICs) the green light to think of SWIFT as an alternative to either the Russian or Chinese payment system (which with enough political and financial stimulus, they would be delighted to do).
But what is most disturbing is just how quickly the Chinese regime change is coming:
"If it's all smooth, (the launch) will be in September or October. If there is a need for a bit more time, we are still confident about (rolling it out) before the year-end," said the source, who declined to be named because he is not authorized to speak to the media.
The system was expected to be launched in 2014 but was delayed by technical problems, with most market participants anticipating it would not come on stream before 2016.
Needless to say, China will be delighted to have its own unified payment system, one that will further internationalize the Renminbi which at least check had become one of the top five payment currencies in November 2014, overtaking both the Canadian and the Australian dollar based on SWIFT data.
Until now, cross-border yuan clearing has to be done either through one of the offshore yuan clearing banks in the likes of Hong Kong, Singapore and London, or else with the help of a correspondent bank in mainland China.
"Misunderstandings under the current clearing system happen from time-to-time due to different languages and codings. The CIPS is a breakthrough since it will offer a united platform and enhance efficiency," said Raymond Yeung, an analyst at ANZ in Hong Kong.
The launch of CIPS will enable companies outside China to clear yuan transactions with their Chinese counterparts directly, reducing the number of stages a payment has to go through.
It will also make it far more difficult for the NSA to track payments to and from the mainland when such compromised intermediaries as SWIFT are used.
This is how the Mercator Institute for China Studies previewed this major development:
The Chinese government is striving towards a controlled internationalization of China's currency through a step-by-step expansion of the use of the RMB in Chinese foreign trade and investment. Towards this end, a worldwide network of agreements dealing with central bank currency swaps, the direct exchange of the RMB with other currencies, and RMB clearing hubs has been built. The establishment of an independent payment system (CIPS) for RMB transactions and an alternative to the existing SWIFT would further increase China’s autonomy vis-à-vis U.S. centred financial market structures.
Finally, as it becomes easier to transact in non-USD terms, it will merely accelerate the adoption of the Chinese Yuan as the primary currency of global trade, or what little is left of it, as opposed to the currency of financial engineering.
Global yuan payments increased by 20.3 percent in value in December compared to a year earlier, while the growth for payments across all currencies was 14.9 percent for the same period, SWIFT said.
China has accelerated the pace of yuan internationalization in recent years. The central bank assigned 10 official yuan clearing banks last year, bringing the total number to 14 globally that can clear yuan transactions with China.
The final observation to make here is that if indeed it was the Obama administration's brilliant ploy to kick out Russia - and by geopolitical affiliation, China - out of a monetary transaction mechanism that is controlled and supervised by the US and force the two biggest challengers to US global dominance into their own (or joint) payment system, then well, congratulations: it succeeded.
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Another Oblamo victory!
Forward Comrade !
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It is interesting to note that the official name for the Yuan is the People's Currency.
"Today, ex-Premier Bath House was warmly welcomed in Peking by Premier Xi."
"Without the strenuous efforts of Comrade Bath House, the US currency may not have collapsed," said Xi.
"He has been given the keys to an entire empty city. We will also stock it with peasants for him."
Chinese sources say Bath House and Wm. Ayers will both be awarded the Order of Mao in a ceremony next month."
IN other news, more death-starved Americans were discovered today in an apartment complex in New Jersey."
Yeah the rollout was delayed. It took that long to port everything over to computers and HDDs that weren't already pre-bugged.
No more sanctions.
No more US law extending beyond US borders...
It's unravelling.
Does that mean internal FEMA camps for us internal folks??
Well, there is only one thing to say after this insolence..
Makes me wonder if any world reserve currency is needed??? Hmmmm....
Just another sign that the Zionist banker cabal is done leeching of the west and is now moving onto larger pastures with fewer restrictions.
It is almost a guarantee that they will wreck what is left of the west before moving on to prevent any threats to their dominance.
From where I sit it looks like they already did...
remember when the dollar was the gold standard? yeah neither do i.
Its the people's currency because they dont have the J-mafia printing it for their clan's benefit only. The dollar is the zionists currency, it keeps their stolen dreams alive.
I am thinking things are just not working out as planned.... unless of course they are, which would then be pretty fucked up, no?
One of the issues not addressed by this article is how easily, securely etc financial institutions can connect to the new networks.
Imagine you are a bank and already have all your banking systems linked up to interface with the Swift gateway as they do.
If you want to use another network then you have to split off some messages from your normal traffic and direct them to other gateway(s).
This is not too difficult as most banks are using IBM's MQ as the connection layer but it is one more consideration.
Also the actual gateway itself, this needs very secure connections into the new network otherwise can easily be hacked and messages changed.
So, an additional non-trivial cost.
Swift's agenda for the last 20 years has been to push itself as the "single window" for Financial Institutions and as a cooperative they have done fairly well at this.
Conclusion - domestic Russian & Chinese institutions will move across to the new network to prevent themselves from being unable to transact at all if the USA is able to pressure enough other members to kick Russia out. Foreign institutions will likely continue to use Swift and lobby against Russia and especially China being excluded.
The game changer would be that Russia and China make the use of a single network free of charge including supplying the software for the gateways free unlike the Swift offering together with cast-iron guarantees no country would be kicked out.
Think this one through. No, the Zionist bankers have no where else to run too. Where would they be welcome? Their assets would immediately be seized any where else on earth on account of "crimes" of one sort of another. No, New York, London and Israel are their home bases, the only places where they are truly safe. They are not even safe in many parts of Europe anymore, look at the increasing attacks on Synagogs and Jew owned businesses in France, Belgium and the UK. From here they will make their last stand. I wouldn't count them out just yet. Crafty and cunning SOBs they are. Always seem to have a rabbit up their sleeve.
are there chinese jews?
For a while we were lucky there were none, then Murdock decided to inject some low quality genes into the Chinese gene pool when he banged that Chinese chick he married and dumped because she liked Blair's dick more than a half cut off mutilated wee wee like his.
Strange enough, chinese are often referred to as Jews of the Orient...
That's just the Sassoons, of Opium Wars fame, doing damage control.
You might want to see The Jewish Monopoly on Opium Still Fuels Chinese Resentment Today.
I understand your sentiment, but your message is a mess. London is in the UK, so make your mind up, is it a safe haven for Jews or not? Or are you not really sure what the hell your talking about?. Clarity of thought = Clarity of message
I understand your sentiment, but your message is a mess. London is in the UK, so make your mind up, is it a safe haven for Jews or not? Or are you not really sure what the hell your talking about?. Clarity of thought = Clarity of message
"The City" is safe enough, as is the enclaves of the west-end. But as Britian becomes over run with Islamist, I suppose they may have to depart for the Channel Islands!
"Does that mean internal FEMA camps for us internal folks??"
You will be hanging from a lampost long before that happens.
"You will be hanging from a lampost long before that happens."
NO... the banksters will!
Does it mean we are no longer exceptional and indispensable ?
I don't know about that, but it does prove yet again that you can't fix stupid.
Don't try to FIX stupid...
Do the planet a favor... Eradicate it!
Mother: (to optometrist) My son can't read anything!
Optometrist: glasses can't fix stupid.
If it's realllly stupid, it will fix itself; no need to take action.
Exactly so, and isn't that undersea optic cable joining Africa and S.America directly to China
nearly finished around then as well.
Bypassing US nodes, and NSA corrupted hardware has taken time.
Winston, The US Navy, working with the CIA has made an art form of tapping undersea cables of all kinds. I expect a rapid attempt to hack these cables using specially fitted Submarines and small robot submersibles. It sounds difficult, by in the 1960-70's the USN made it a routine operation on all sorts of undersea data cables. By 2015, I imagine programs exist to do the job, I expect several billions of dollars of investment in submarine and optic fiber technology has been up and running, waiting for this.
The Chinese navy now operates a greater number of attack submarines than the U.S. Navy and is rapidly expanding the scope of their undersea missions and patrols, U.S. Navy leaders told Congress Wednesday.
“Their submarine force has grown over a tremendous rate. They now have more diesel and nuclear attack submarines than we have so they’ve passed us in total quantity — but in quality they are still not there,” said Vice Adm. Joseph Mulloy, deputy chief of Naval operations, integration of capabilities and resources.
Yeah but can they do Clazy Ivans?
They now have more diesel and nuclear attack submarines than we have so they’ve passed us in total quantity — but in quality they are still not there,” said Vice Adm. Joseph Mulloy, deputy chief of Naval operations,
Quantity has a quality all it's own---Joseph Stalin
Yeh, the T34 tank proved that point only to well
The T-34 had quality by design. Who would have thought sloping the armor a few more degrees and widening the chassis base were so revolutionary? But they were significant advances, almost without cost.
I thought Stalin's comment applied to the old '96 Mosin-Nagant rifles. 7.62R cartridges. Not terribly effective, but they had tons of 'em. 7.62R is the most produced cartridge of all time btw.
Well publisced Jack.Even in shallow waters that had to rely on the "No fishing,undersea cable"
signs to find them.
When you know its happening, disinfo becomes a potent weapon.
WC, are you saying they can't find the cables? They'llknow where the cables were laid down. Plus, ultrasound should find the long, metal object pretty easily. I suspect other countries will know when they're being tapped though. Pretty hard to erase that acoustic/electronic signature. Interesting spy vs spy game here but would suspect they achieve some privacy from the cables otherwise, not as much reason to place them.
The Chinese can tap ours too in retaliation.
If these subs went 'missing' do you think we'd hear about it?
I suspecr there's much going on that is off the record.
effectively indetectable decibel drop since the early to mid '90s at least... but why do that when you can simply hack the endpoints?
Jack, I just can't see how it's done. The sheath carries the power for the regenerators, so this can't be cut, without causing an outage, and is at a high voltage wrt to ground (except around the halfway point) and seawater conducts . The cable needs to be pulled up on a ship and spliced in a specially prepared room for a normal repair. Tapping into a fibre means bending it to release power and this would affect the power budget for that section and would be detected at the next regenerator, and cause reflections and standing waves, also detectible. Once you have tapped into it you need a fibre of the same capacity to take the data back to shore to be de-multiplexed to get at the data streams. The only real point for interception is surely at the landing point. Even billions couldn't solve it I reckon. I'm sure older cables could be tapped and maybe single hop fibres but anything with regenerators or repeaters no.
Is there a passive way to tap, i.e. noninvasively? This is how the US did it on telephone lines in the Berent Sea during the Cold War (see USS Halibut). I guess if the line is heavily shielded this would make this difficult. The US, howver, excels at passive detection technologies.
You can tap a copper cable inductively, an optic cable you either have to physically tap the fiber or bend it to an extreme angle. Both very detectable at signal input and output. You can even detect the length at which the intervention took place.
Never say 'Never'
FWIW. AT&T Government Services was asked by White House SS if FO cable could pick up audio freqs, the short answer is yes. I assume this is using a really sensitive OTDR.
Another guy told of how he ran FO under his carpet for intrusion detection, he gave up on it as he couldn't detune his OTDR to the point where his cat wouldn't set it off.
These stories are from 15 years ago. My bet is that given enough time ad money the gvnt's have developed ways to hack plenum protected undersea FOC.
The new clearing thing should be named "ChIPS" and they should use this picture for their logo.
In China you never hear "yuan". It's renminbi or kwai.
Actually, the word "Yuan" (pronounced 'yenh') translates as 'money'. The internal currency, "renminbi" translates as 'the peoples currency'. china uses two currencies, one within the country for all the people, and the other among banks and trading externally.
all that de-dollarization means more available for you and me
which is good news because the dollar is strengthening
Thus your avatar, or you forgot the sarc
exactly, the dollar hasn't had a down-tick for basically a year.
Will the world still measure value in USD a thousand years from now? Probably but even if the dollar fails chances are fleetingly small, it is akin to betting an asteroid will wipe out life on earth in your lifetime; sure it may happen but you will likely be wrong and even if you are correct you lose.
1000 years?... are you stupid..or trying to be funny?
50 yrs is pushing it.
Why the fuck to I keep coming back? .
Are you are implying this time is not different?
Ok ok maybe not another 1000 years exactly, this Reich has been going a bit so ninehundred and some odd more years... It has been foretold.
Look at the /DX
Look. at. it.
Will people still be traveling the Atlantic by boat a thousand years from now? Probably, but they won't be using the Titanic to do it.
Me Chinese,
me give gift,
me leave poo poo
in your SWIFT.
Pretty funny to read all of the nutjob posts exclaiming joy about using CNY as a substitute for USD.
It is really going to bolster the case when the CNY is depegged and declines about 10%.
First the nutters were proposing that Puutie's Ruble would be the standard. Good luck with that.
Now, just before a big cheapening of CNY the same clueless idiots are proposing that.
I wonder how they have enough cash left to pay the charge for the internet connection. Maybe they post from a free library account.
I'll gladly give up my internet account to watch Rothschild squirm around because he lost 100 trillion...
I guess I need to explain. I creamed my pants becuase I am happy to see the dollar being challenged by a real international power.
some here r quick to judge and slow in processing...
dont trip, happens to me all the time...
Too funny..., and so true.
A buddy of mine once was a co-pilot on a Shorts 330. They were on approach to San Diego, Lindbergh Field, and so he got on the radio and said, "Lindbergh Tower, we're coming in our Shorts." This had never happened in a Shorts Brothers aircraft before, and it has never happenned since.(s)
My Wife Knows Everything
https://www.youtube.com/watch?v=BpSmprqptSk
There was a racing yacht in New Enland named FUJIMO, people thought it was an exotic name. Back story: the owner's wife gave him a choice: her or a new boat. FUJIMO stands for: Fuck U Jane I'm Moving Out
A real international power, Russia with a 3 Trillion Dollar Economy, Gas / Oil / Gold & NO Debt.
and a REAL LEADER for a president
And no scam debt to the JEWS
There's still the issue of RCB ownership - it was set up durin the Yeltsyn years by the tribe. It's gonna take some more time to fix but apparently the Duma has some legislation pending. As it is te RCB really has Russian development by the balls, just like te Fed, they're clones.
The Northern Renaissance occurs East of the Alps Russia’s Remarkable Renaissance
http://thesaker.is/russias-remarkable-renaissance/
What is the dollar? You mean the Federal Reserve Note's strength is being diminished.
Dear Tylers,
Thanks for another extremely insightful article; you are appreciated.
On another subject, if you have a policy of non-tolerance of vandals defacing the site I would direct your attention to:
Heitlery_4_Dictator post above, the second response to this excellent work of yours:
Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! Yes! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!! I CREAMED MY PANTS!!!
Such a post, I believe, intentionally demeans the hard work of ZH authors and is meant to disrupt intelligent discussion in the comments section.
Are you shitting me? That was the funniest post I've seen in quite a while. Now, wipe the cum off your chin and shit off your nose and get back in your box gimp, this is fight club.
Does this mean foreign banks and investment companies can tell the IRS to piss off now and start taking American customers again?
Is this the beginning of the end for FATCA?
You think China and Russia will not demand their own FATCA? The only reason the global FATCA directive endorsed by the OECD went through is because of Russian and Chinese pressure against Switzerland. Look let me put it this way, the US, China and Russia are united in one thing and one thing only: At a very fundamental level, they don't give two fucks about your rights.
moved
I want in. Can I use this system to send and receive money even if neither sender nor receiver is in China?
the u.s. Dollar is the KING OF THE WORLD!!!!!! HAHAHAHAHA!!!!
That's just what Jack said;... before he fell off the Titanic and froze to death in the icy waters of the North Atlantic...
Ah, for the good old days when the dollar made us kings!
Gone forever I fear! So sad ...
https://www.youtube.com/watch?v=ol5e7GU-Z8Y
HOW can anyone downvote Rum and Coca Cola?
not everyone here has good taste, sad but true
"Good as gold" don't ya' know?
Bwwaaaaa.
Bullish
Putin signs law on ratification of $100 billion BRICS New Development Bank deal
http://rt.com/news/238981-putin-signs-brics-bank/
THEY ARE ALL FUCKING BROKE!!!!!
This is a joke
Would YOU trust Russia with you money, your life, your money?????
ALL BULLSHIT...pure and simple.
NOW all you KGB assholes go home and destroy what few sober folks are left in your pitiful country controlled by YET another DICTATOR!
Bet you guys miss ol Stalen ...right?
ZH get a grip on this bullshit you are printing or more will leave you as just another waist of time...look who is left, few with a grip on the world of facts....just spam.
Now, lets see those down arrows for those who can't handle the truth....^^^^^^^^^
You need to get a grip on your schpelling.
blindfaith, What you said and more, but I won't waste my breath. I swear Zero Hedge got bought out by the Russians.
No, just populated by people who's brains are not hard-wired to be US government dupes. They are aware that the US has been the evilest country for at least 25 years.
Russia is the Russian's problem, the US is the world's problem.
Fuck mate, quit blaming the public for what the Zionist bankers are doing.
All this article is doing is displayed that the Zionists are jumping ship after extracting all the wealth they could safely from the US.
Wait, wait, wait...that's not what National Propaganda Radio told me
PTI,
“Once we squeeze all we can out of the United States, it can dry up and blow away.” Benjamin Netanyahu, 2002....as Congress gives him another standing ovation....
yes, well said about the US being the world's problem....
The propaganda is stong in America..don't ever feel bad that you have been programmed to reject opposing views. You will wake up one day, sport.
That's waist your breath.
Who's Stalen?
What did I miss?
He or she is related to Sarah Palen?
He or she is related to Sarah Palen?
Wonder if he's related to Steiner.
Who's Stalen?
an island off of NYC. One of the 5 buroughs. It was hit hard by Hurricane Sandy Hook.
Stalin was Georgian you toolpiece plankwit.
lol ~ That settles it! If I ever get kicked off of ZH I'm comin' back as toolpiece plankwit!
That $100 billion is less than 2 months of fed printing money out of thin air. Other than China the BRICS are economically fragil. If India could get on a firm foundation it would help. Brazil - going the wrong way.
From the article - "Russia into developing its own cross-border payment system". Ok, when did Russia develop a cross border payment system? Even the latest article here on ZH indicated the Russian system was just an internal system so than Russian banks could talk to each other without having to pass internal transactions through SWIFT. If anything a sign of who backwards things are in this regards. I believe the Tylers are misrepresenting the facts about the Russian system.
Also, is this new system from China just for China? That is my understanding. It is a good start, but China needs to build in the ability to handle transactions from the BRICS and others. It seems China is leading in this regards, not Russia.
CIPS and Unionpay are already being used by the Russian banks for international payments.
The September launch date is a red herring, or is refering to the end of the current beta testing
period.
Not sure about the CIPS being used by Russia for international anything. I have not read anything about that occuring.
The Unionpay is just a credit card company. Unless there is more to them that has not been written about they are like VISA but not nearly as widely used or accepted. The reason for some Russians, in particular those on the sanctions lists, are using Unionpay appears to be to keep their account from being seized or to replace an account already seized.
When the first hint/threat came out last Fall, that Russia might be boote dout of SWIFT, I wrote about their system as being called RIFT (Rapid/Russian International Funds Transfer), or RIPS (Rapid/Russian International Payment System), i.e. until they came up with their own name for it.
How funny that the Chinese have now come out with CIPS.
LOL. Moar sanctions, anyone? Anyone? Buehler? Anyone?
What about all my jewbux?
Sew 'em into your trousers, sneak into China, & try to pretend you're not a apartheid supporting, indignant, warmongering asshole [& see what THAT reality buys you in the FAR EAST, until enough of your FRIENDS show up, you band together, & 100 years later the Chinese people decide they want to be the "n"'th country in history to kick you out]...
http://www.biblebelievers.org.au/expelled.htm
[1] On December 17, 1862, General Ulysses Grant wrote to the Assistant Adjutant General of the US Army:
"I have long since believed that in spite of all the vigilance that can be infused into post commanders, the specie regulations of the Treasury Department have been violated, and that mostly by the Jews and other unprincipled traders. So well satisfied have I been of this that I instructed the commanding officer at Columbus to refuse all permits to Jews to come South, and I have frequently had them expelled from the department. But they come in with their carpet-sacks in spite of all that can be done to prevent it. The Jews seem to be a privileged class that can travel anywhere. They will land at any woodyard on the river and make their way through the country. If not permitted to buy cotton themselves, they will act as agents for someone else, who will be at a military post with a Treasury permit to receive cotton and pay for it in Treasury notes which the Jew will buy at an agreed rate, paying gold."
yes the evil jew thing goes back a long ways
thanks, that was special.
may alah have your lower sphincter.
We see that your Jewish god has yours...
Hey dsty, STOP BEING EVIL, then the problem goes away. But that would mean losing your identity wouldnt it lol.
more likely catholics pretending to be jews. more common then you may dream.
People are not going to pick up on that with the /s[arc] tag missing, said John Kerry-Kohn, the HorseFaced affinity-fraudster.
They couldn't be all that bad if they paid in gold.
back then, gold was currency... Nowadays, currency is worthless paper with Moloch worshipping Illuminati graffiti printed all over it that's only real use is to snort lines of coke or stick in strippers g-strings...
You's Jewfuxed
Yer Newbux will get demoted to a Regional Reserve Currency. Plan accordingly.
Blowback is a bitch.
Careful what you wish for...the ultimate blowback for us is not far from happening. #nukes
Obama thought blowback was a good thing, a step up from a reach around.
So that's the problem?
We are so fucked.
September. Hmmm...September...The Chinese are going to launch the alternative in September? Now what is going on in September??? Can Martin Armstrong be right? Can the Shemitah be real?
The last country to launch an assault on the US Dollar was cast into war. So was the previous. And...and the one before that.
Do you really believe that we can defeat China at Nuclear War? The USA will not lose World Reserve Status without a fight.
Life as we know it is ending and we are approaching the Day of Reckoning with each passing moment.
Yeah. We are so fucked. Our national arrogance has doomed us...and the rest of the planet...to a Nuclear Winter. They will do it. Yeah. They will do it at the expense of all life if needed.
Im pretty sure i noted that this would happen waaay back when zh posted a 'dramatic piece' about russia being 'frozen ' out of the USs whacky trading setup.
Im pretty sure I said it wldnt be long before THEY were trading without US (dollars).
I was right again.cool.
Oh.Wait..not cool?
The following day after Russia’s “SWIFT” alternative was announced as operational, Chinese Vice Foreign Minister Cheng Guoping said China will build up its strategic partnership with Russia in finance, space and aircraft building and “raise trade cooperation to a new level.” He added that China plans to cooperate more with Russia in the financial area and in January Russia’s First Deputy Prime Minister Igor Shuvalov said that payments in national currencies, de-dollarization, were being negotiated with China. China realizes that if Russia collapses, China is next. Failing empires try desperate measures to survive.
http://thesaker.is/russias-remarkable-renaissance/
Swift is a TAXATION code!
So if they want a replacement for it, it just means they all have the same agenda of the west.
what joke...
Emppires rise and fall ... very predictable.
So EastAsia (Russia/China/India) looks like it is settling in for the upswing phase of empire.
Same agenda of course.... BUT .. as a person, living in an empire during it's upswing century is pretty nice.
As aperson living in an empire during it's collapse century .... not nice.
So being part of the west is going to be increasingly difficult and dangerous. I feel sad for my children and their future I will be long gone.
You @Sudden Debt (besides giving many laughs over the yrs) are entirely correct. Too bad the knicker twisters here don't get it.
It's always about the taxes.
So, the secret Bath House plan Kyle Bass unearthed is going full steam ahead!
"We will Kill the Dollar!"
and the people are too ignorant to understand it or the ramifications of it.This will be Huge...
Soros, Rockerfeller and Brzynski do NOT approve this action!!
You realize that they were probably the ones that set this in motion in the first place, right?
It was all an inside job.
USA! USA! USA!
broke like a mother fucker and headed for its date with infamy...
Silver - come to pappa...
Only idiots (like me) are Buying Silver right now..
yeah, how dumb r we anyway...
still havent figured out why i cant purchase a 1964 Kennedy 50 cent peice with a $1 Federal Reserve Note...
Not that dumb. http://www.worldcomplex.blogspot.ca/2015/02/gold-silver-ratio-over-20-ye...
Holy Shit! You found the drawing I did on top of a Morton's Salt jar when I dropped purple microdot!
SWIFT - it's Belgium not US
http://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_T...
But still let Chinese create their own or Russia or North Korea or Zimbabwe - why not? Only thing is... who will use it?
Are you really that thick? All the BRICS, many Asian countries, Russia and
Mongolia 89.0% Turkmenistan 69.6% North Korea 63.0% (2012 est.) Hong Kong 57.7% (2012 est.) Gambia 57.1% Democratic Republic of the Congo 54.3% Mali 52.9% Sierra Leone 51.1% Solomon Islands 50.8% Mauritania 50.5% Angola 46.3% Zambia 43.4% Yemen 41.0% Congo 39.0% Oman 31.8% Australia 29.5% Taiwan 27.1% (2012 est.) Burkina Faso 25.9% Benin 25.0% South Korea 24.5% (2012 est.) Liberia 24.0% Chile 23.3% Iran 22.1% Uzbekistan 21.2% Zimbabwe 21.1% Peru 19.9% Kazakhstan 19.3% Japan 18.1% Brazil 17.0% Cameroon 15.2% Ethiopia 13.0% South Africa 11.8% Thailand 11.7% Imports[5] Region Percentage North Korea 73.0% (2012 est.) Kyrgyzstan 55.2% Hong Kong 44.5% (2012 est.) Togo 40.4% Mongolia 37.5% Benin 37.2% Burma 36.9% Macau 32.2% Kazakhstan 28.0% Gambia 27.6% Vietnam 25.8% Ghana 25.6% Djibouti 24.4% Bangladesh 21.7% Japan 21.3% Tanzania 21.3% Angola 20.9% Chad 20.2% Vanuatu 20.2% Pakistan 19.7% Turkmenistan 19.5% United States 19.0% Cameroon 18.7% Australia 18.4% Nigeria 18.3% Madagascar 17.7% Russia 16.6% (2012 est.) Sierra Leone 16.5% New Zealand 16.4% Uruguay 16.4% South Korea 15.6% (2012 est.) Brazil 15.3% Indonesia 15.3% Malaysia 15.1% South Africa 14.4% Guinea 14.2% Saudi Arabia 13.5% Ethiopia 13.1% Libya 13.0% Mauritania 12.9% India 10.7% Egypt 9.5% §See also[edit]Real question is who will continue to use the SWIFT system after the dollar collapses.
he's not thick...
he's "exceptional" like all those other "muricans"...
"he's not thick... he's "exceptional" like all those other "muricans"...
It's the same. "Thick" and "exceptional Murican" are synonyms.
I'm pretty sure you're right, SWIFT is a Jewish scam. The entire world will abandon it and the dollar in a month or so.
Better grab on to your boot straps.
The BRICS aren't pusing to abandon the dollar, just to compel it to find its' true value as determined as a consequence of the Fed's actions. I figure Zimbabwe or Ukraine are good indicators of where it's going.
Does the globe need a 'reserve' currency? Dont know.
How about gold backed currency? The Rothchilds and other are sitting on untild thousands of tons of gold just waiting for such an event.
My solution? I dont really have one, just an observation. The US was an experement in creating a 'fair' sysem. Like any sytem, law, peice of code it can be hacked. That which is lacking is political leadership to take actions to benefit to polulace it represents.
This is a game that has been in play actively since the French Revolution. When Cho En Lai (IIRC) was asked what he thought of the French Revolution his responce was 'Too early to tell.'
Hopefully, I'll be able to open trading accounts in Russia or China in the next year or so and bypass all this CFTC bullshit.Once they have their own payment system they'll be able to tell Uncle Sam to fuck off.
Nice yield on that ruble.
I don't trust the Chinese money. If it was anything other than worthless why peg it to the dollar?
Why not the Brazilian real or the Aussie dollar?
Brazilians are cool, but Aussies are infected with Jews. Fuck that.
YC, this beast isnt going to go gentle into that good night. Ukraine, ME, for that matter 911, were indications that the beast is threatened.
Folks aroung ZH and other places are looking for a quick solution, for Rusia/China/BRICS to save the day. It is not in the Russia/China's best interest for a quick unwind. The game for them is to steadily increase in strenght while Wash/TelAviv/City collapse from internal pressure, all the while bein on guard for the next provocation.
The Sun Tsu approach in other words.
The supreme art of war is to subdue the enemy without fighting.