This page has been archived and commenting is disabled.
De-Dollarization Accelerates As More Of Washington's "Allies" Defect To China-Led Bank
The global de-dollarization trend continues as it appears the UK’s move to join the China-led Asian Infrastructure Development Bank has indeed shown other US “allies” that spurning Washington’s advice is actually acceptable and concerns about the institution’s “standards” may simply be a diversion aimed at undermining China’s attempt to exercise more influence in its own backyard. Here’s more from the NY Times:
Ignoring direct pleas from the Obama administration, Europe’s biggest economies have declared their desire to become founding members of a new Chinese-led Asian investment bank that the United States views as a rival to the World Bank and other institutions set up at the height of American power after World War II.
The announcement on Tuesday by Germany, France and Italy that they would follow Britain and join the Chinese-led venture delivered a stinging rebuke to Washington from some of its closest allies. It also called into question whether the World Bank and the International Monetary Fund, which grew out of a multination conference in Bretton Woods, N.H., in 1944 and established an economic pecking order that lasted 70 years, will find their influence diminished.
The announcement by Germany, Europe’s largest economy, came only six days after Secretary of State John Kerry asked his German counterpart, Frank Walter-Steinmeier, to resist the Chinese overtures until the Chinese agreed to a number of conditions about transparency and governing of the new entity. But Germany came to the same conclusion that Britain did: China is such a large export and investment market for it that it cannot afford to stay on the sidelines.
South Korea, another US ally that the Obama administration has not-so-subtly lobbied to stay out of the AIIB for the time being, is reportedly reconsidering a bid to join and although reports that Seoul had already committed to the venture appear to have been a bit premature, the country will make a decision this month and is expected to discuss specifics this weekend at a meeting with Chinese and Japanese officials. Here’s FT:
The foreign ministers of China, Japan and South Korea will meet in Seoul this weekend for the first time in three years, in an effort to calm tensions in the region.
The trio have strong economic ties but frosty relations. International angst about this state of affairs among the regional superpowers has been further piqued by the Asian Infrastructure Investment Bank, a Chinese-led initiative sparking alarm in Washington and proving divisive elsewhere.
Meanwhile, even Europe’s own “magical fairyland” is taking the plunge. Via Bloomberg:
China welcomes Luxembourg’s application to be a founding member of the Asian Infrastructure Investment Bank, China’s finance ministry says in a statement on website.
And so, with the most European of European countries on the bandwagon, and with South Korea leaning unmistakably towards joining up, we say again:
Bottom line: this isn’t theory or conjecture anymore. Every shred of objective evidence suggests that the dollar’s dominance is coming to an end.
»
- 92598 reads
- Printer-friendly version
- Send to friend
- advertisements -
Unfortunately the communist/fascist/cronies/oligarchs are already here, have been for quite some time. They killed the last "elected" president in 1968 and untethered their ability to create all the paper they wanted in 1971.
I always Knew Johnson was a Zombie!
Speaking for myself I want to see the collapse of the corrupt 1% oligarchy that currently owns, runs and loots America and its people. A catastrophic drop in living standards is the only thing that will activate the peons. That's my motivation anyway.
A collapse big enough to hurt the 1% kills most of a nation and with few exception the 1% remain the 1% albeit at a lower but relative value.
The Obama presidency's damage to the United States just continues to accumulate. You would think he'd care about this if he cared about the United States people but never a word from him on this subject. At this point you'd have to conclude this is what he wants to have happen. Which makes sense because he's felt all along the U.S. has had too much power globally and needed to be taken down a notch.
Bottom line: this isn’t theory or conjecture anymore. Every shred of objective evidence suggests that the dollar’s dominance is coming to an end.
"Objective evidence"?
Means exactly WHAT in the New Normal?
probably the same "objective evidence" ZH used to tell us we'd all be dead from ebola by now
And I told you it'd all be forgotten by Christmas.
israel officially loses its mind and there is no post here?
http://www.weeklystandard.com/blogs/us-threatens-israel-makes-excuses-ir...
That'll be the day!
everyone knows joining the chinese bank is antisemitic.
Somebody tell me why this matters.
Your right - it doesn't
So sorry, the Chinese Yuan has a very long way to go before taking the crown from the US dollar.
China is not a safe haven which is a requirement of a reserve currency - just a fact.
The US is F'd up but still heaven compared to most anywhere else in the world.
The communist Obama and his ilk have been monkey hammering our freedom but he will be gone in less than two years, the Chinese communists will be there for many years to come.
Why do you assume there has to exist a generally accepted world reserve currency at all times?
Gravity. It just happens that using a common currency is not only easier but significantly cheaper.
Once the western cash starts flowing into AIDB and a level of comfort is reached, the $usd is going to drop like Jimmy Hoffa in cement boots. China has actually been letting the YUAN strengthen even though there's a net outflow currently.
http://finance.yahoo.com/echarts?s=USDCNY%3DX+Interactive#{
and send equities to the moon? Oh do tell...
It would be humorous if the carry trade reversed and everyone shorted the $usd and U.S. equity markets went full Zimbabwe.
Payback is a bitch...
Yes, get the timing right though.
Loss of "world reserve currency status" will quickly cause the standard of living of 99 percent of Americans to plummet 25%., or more The follow-on to that will be that Americans will realize that all the incresed productivity they have created over the last 25 years through working longer hours with no benefits and negative real wage increases was stolen by the 1$ "elites". DHS and fully militarised local police departments have been created to deal with the rage that awareness engenders in the population and have nothing to do with the phony bogeymen and homegrown "terrorists" invented by 24/7 media propaganda. Will it work? Will the criminal cabal actually get away with the wholesale impoverishment of 250 million plus Americans??
No.
They already have gotten away with it. They committed genocide against White Americans by illegally flooding our nation with uneducated, hate filled foreigners that get immediate Affirmative Action and all the welfare they grab. On the higher end of the job scale, say STEM jobs, that Mark Faceberg keeps blathering about, they forced the American IT to train their Indian replacements or be fired with no unemployment. Walmart has been doing this for years and so have many other large companies. We are getting replaced, impoverished and still have lots of dumb, freightened,"folks" afraid to say a word, because they might get called a, "Raciss". They'd rather feed their kids into the ovens than be called a , "raciss".
All truth here folks, this is why I proudly proclaim myself a racist loud and clear...I fuck'en hate everyone equally. Black, White, Tan, Yellow and so on you all suck.
Whew! refreshing to get that off my chest...try it.
Sharp decline standard of living is coming and they will use it to rally the masses for war with China. You ain't seen nothin yet. Washington won't go down history without using his nukes first. WW3 can't be five years away.
Immigration is about changing the culture of america, taking away the independent spirit of self made men. Turn the country into a pliant shithole like the third world the immigrants came from.
+1000.
Amazing thing is that most of my American friends think things are going quite well. Beats me they can't see the way White Americans, especially White men, have been - and continue to be - royally f*cked over as you describe. Don't know how representative they are...many are in academia or high-end research companies.....
Creating the terror of being labelled a racist has been one of our enemy's greatest achievements.
True dat.
Accountant friend of mine lost his job in the Greenspan recession
Went from 120k a year and great pension. Couldn't find anything in his field
1. Too experienced for entry level -.they thought he would leave for something better at first opportunity
2. Companies willing to take inexperienced graduates for a 1/3 of what he was making. Low cost newbies trumped experience in the race to the bottom. Squeeze max productivity out of the newbs to make up the difference
Reduced to driving a school bus for $28k a year
All so Lloyd and Jamie Cufflinks can have another vacation house and yacht
Now you know why Obunghole is banning ammo
It's not to keep the Zulus from killing each other in the ghettos
It's to protect the rentier class from when formerly upper income working whites take to the streets
I wish I shared your conviction that the productive class of real Americans will rise up against the cabal, but I fear they've been 1) bought off with "free" stuff, 2) afraid of losing their supposedly upcoming gov-funded retirement, 3) fearful of change (the status quo may not be good, but its better than ....).
I was reading, last night, about the gutsy men and families that trudged into the unknown during the frontier days. Sure there was a lot of graft, murder, stealing, etc., but families still settled and made a life in hard circumstances, believeing and believing and believing that tomorrow would be easier or at least more stable. They didn't have a safety net. They didn't scream "racism" when they weren't as successful as others, or as they hoped to be. They just kept plugging. Hoping. Beating the odds.
Where are these people now? I'm one of them, and I'm sure you (reader) are as well, but I can't see a path toward combining our gutsiness and self-reliance into a true, revolutionary movement. And until that path is clear, we'll scribble on ZH, go to sleep restlessly and wonder how we'll protect our kids from the economic, political and social denouement.
But the 'free stuff' will be in short supply once reserve currency is lost. That's what makes it interesting.
It's already happened, very slowly, since 1971...
Guys, such as James Baker, can tell you that they deliberately tanked the Japanese economy (using the Plaza Accord) to allow the Chinese economy develop while their thinking was the impoverished Japs would abandon their peaceful constitution written by General McArthur to rearm. In each case, the ruling Elites can make tons of profits and hopefully eventually two Asian powers can weaken each other by another historical war.
How many months until China de-pegs??? Anyone care to venture a guess?
Dunno, but just keep an eye out for a ramp up of DHS MRAP vehicles 'donated' to local police departments around the country as 'sign' that it is nigh...
That is exactly why China will not become a reserve currency.
re: end of Chinese peg: the days of cheap trips to visit China may be coming to an end!
Obama has informed us that our friends are now Cuba and Iran....he doesn't need europe or Israel...Asia, Australia or South America
We are going to be a commie-theocracy!
I think he likes that dictatorship thing...with lots of money of course!
.
Made me laugh.
The Elephants and Donkeys are simply the two sides of the coin that is America's one party system. Between them, they have the whole commie theocracy thing sewn up.
Twin wings of the business party
Princeton says we are no longer a participatory democracy but an oligarchy
None dare call it what it truly is: the Fascist States of Amerikkka
Yeah, if he pisses off Israel enough they might refuse the annual $4 billion subvention. That would teach him.
4$ bill is just what is on the books. We subsidized the whole ecomomy, off the books.
If the average American knew how much actually went to Israel during perpetual austerity at home home, believe me no one would give two shits about the Jewish nation
You have two criminals for neighbors who are constantly threatening you. One is an bitter, aging but once powerful man nearing retirement whose friends are abandoning him one by one as he continues to attempt to throw his weight around and kick the poor immigrants. The other is a young punk who lifts and has a growing gang of other young punks. They are also poor immigrants. What would you do?
Leave the 10 round magazine where it is and go for the 30?
"...to resist the Chinese overtures until the Chinese agreed to a number of conditions about transparency and governing of the new entity."
Ahhaahahaha-BBBBBWWHWHWHAHHAHHAAAAA!!!!!!!!!!
When does the dollar selloff begin
You mean versus other currency which is a futile way of looking at the world. Look at how gold kicked the euros ass for the last 6 months and imagine what happens to the dollar when it loses its current handles.
It's all good. Simon told me to what to do. I'm buying gold, putting it in a foriegn bank, and purchasing a ranch in Chile to protect myself. Suck it bitchez!
Ugly chicks made out of mayo!!!
Aaaand you forgot the crucial jet pack.
So the new bank is half the size of the great BRICS bank that was going to dethrone the IMF and World Bank.
This is a small-scale government-controlled charity project akin to asking one of your customers for a donation to your favorite cause. They say sure because they do a lot of business with you. Joining is a social courtesy that the crude, mannerless ego-maniac in the White House regards as a personal reproach.
Some of you seem to agree with him.
Eroding the hubris...one "small-scale" project at a time.
Add the dimension of time to your thinking. Nothing starts out big.
China and Russia are moving fast. They know what the US is up to.
Why would I object to letting Russia and China start financing the deadbeats of the world rather than the US? Hurry up, if that's what they're after.
I just think you guys are ascribing more to this than there really is.
I also think that time is far too short for it to have the effect you expect in the time that remains, if you are indeed correct.
.
Get the hair out of your eyes, David Lee Roth. They will be financing projects in emerging economies, not submerging economies like the US.
The US doesn't finance, it loots.
turdabel apparently doesn't realize that the biggest deadbeat is the US
Money is pouring into US assets and pouring our of Chinese ones. We'll see which of the Kilkenny cats has the longest tail.
If you are so sure that it is the Chinese one, I invite you to beat the rush and stake your claim over there right away.
.
Bzzzzzzt! Wrong!
Dollars are pouring into US assets and pouring out of Chinese ones.
Semantics aside, the net result is a giant sucking sound that signifies a vote of no confidence in China's prospects from the people who know them the best.
Which brings me round to my original point that the great new Asian Developmnent bank is mere posturing designed to throw dust into the eyes of the easily and/or voluntarily deceived.
Won't amount to anything more than the now-stillborn BRICS bank that you guys were all cheering for a few months back. Seems to have become a non-topic for some reason.
.
Fixed it for you.
...and yet it still scares you.
Semantics aside, the net result is a giant sucking sound that signifies a retarded plan by Beijing to force their agents and admirers to deny the obvious and make themselves appear ridiculous.
Fixed it betterer for you, Ivan.
And this month's new propaganda project bank won't amount to anything more than last month's propaganda project bank, but I wish it would. I keep repeating that I want it to work. I'd love to see angry crowds in various Third World shitholes screaming for the heads of bloodsucking Chinese banker scum once the locals wake up to what the game is all about.
Unfortunately, it's just a front operation, not a real development bank--just like the BRICs.
Can't imagine what the disagreement is, Ivan old bean. You call it looting, I call it loaning. We both want it to stop and let someone else do the looting, er um, loaning, for a while. So what's in a name?
I mean, honestly, you can't possibly be naive enough to think that China is kicking off an Asian version of the Marshall Plan.
I'm very happy to see all these socialist paradises turning to their role models for help. Delighted, in fact. It's about time that they got to spend their lives laboring for the yellow man rather than the white man.
I can hear the cry even now...
Yankee, come back.
.
Ah, +1 for the best laugh I've had this day.
It's an existential idea. To show that Europe is hedging their bet away from a llumbering giant who is wreck less and belligerent to keep everyone in line while they spiral out of control
What Obama has shown -US, allies and enemies. It doesn't matter Republican, Democrat. Tea Party or Liberal.
The truism
1. Unrestrained monetary policy of bubbles
2. Belligerent foreign policy to enforce American Hegemony
3. Hypocritical interventions in the name of "white man's burden"
Obama was the last hope
Neoconservatism (Bushco) + Neoliberalism (Clinton, Obama - r2p foreign policy, domestic Osterity) = Neocolonialism
Given news like this, millions of heavily armed and highly motivated pissed off Americans will be on the march soon.
Everybody above the rank of junior file clerk working in local, state, and federal government had better learn quick to duck and cover.
I wouldn't hold my breath, gave up a long time ago on the idea Americans will get off the sofa. They can't even comprehend what's happened much less do anything about it between insulin shots.
Loss of dollar RCS will cause enough of an economic crisis to galvanize them into action. And if it's bad enough maybe they'll make the effort to understand the causes of the crisis.
Sadly I agree. Heard a story on National Propoganda Radio that only 13% or some low figure had taken steps to tighten their security since Snowden spilled the beans
Part of American Exceptionalism is that Joe Sixpack and Sally Housecoat believe that as long as they aren't Al Qaeda they have nothing to worry about
We're on the march alright, NCAA.
We're on the march alright, NCAA.
I'm a bit envious of your right to bear arms in the US, here in jolly old damp and muddy England we are thought to dangerous to carry weapons, maybe 'they' are right, but there's always the pitchforks, not as deadly, but quiet.
I'm a bit envious of your right to bear arms in the US, here in jolly old damp and muddy England we are thought to dangerous to carry weapons, maybe 'they' are right, but there's always the pitchforks, not as deadly, but quiet.
A false sense of bravado we Americans have I can asure you sir. Americans here are so whipped there is not a chance of any revolt against the government. Americans think that just because they have guns they also have the guts to use them. The only guts we have are compliments of Miller and Anhueser Busch.
Perhaps in Urban America. I wouldn't make that bet out in the Heartland, where the TV news trucks never wander.
Out here, we don't worry too much about trying to wake up the urbanites any more. It's all about keeping a low profile and building for the future. Not looking for a fight but pretty certain that one's coming our way whether we want it or not.
You see the refugees, as I call them, show up every spring. They buy some old bombed out trailer, put up a No Trespassing sign, and start all sorts of inexplicable construction projects.
When the time strikes for the real refugees to come calling, my guess is that their early bird cousins are going to be the least sympathetic of all.
This is the Best thing to happen to America in a Long Time. Revolution 2.0 is gearing up!
Where is this revolution gearing up? I don't see it. I don't hear it.
boodles, its the pitchforks, they don't make any noise.
china, schmina
I simply don't get what is going on. Why is the dollar strengthening when the fed has made it clear that the economy is still weak and that interest rates are not going to rise in the foreseeable future? Are they hinting at another QE?
It's nutz. The only "explanation" is that everyone expected worse. Only that's not true.
Maybe Janet Yellen will show up speaking Chinese next week, yeah, that must be it.
Amazing indeed. IMO it's due to a lack of alternatives (those with quantity, Euro, Yen, don't have quality, SF, Kroner don't have quantity). Also market manipulation.
I will let someone else explain (takes like 30sec):
https://youtu.be/FQkPIeK-tik?t=5m4s
It is going high becouse it is collapsing :) that's how gambling addiction ends.
In times of panic money goes to wherever people consider it to be safe. As more money is placed into us dollars and companys the value rises, wherein lies the unintended consequences, as the dollar rises, exports become dearer and dearer untill no one can afford to buy them so seek alternatives that are cheaper. Business then declines people are laid off and the country ends up with mass unemployment, ,,are you starting to get the picture now. Remember this, for every action there is an opposite and equal reaction. This is commonly reffered to as Newton's Third Law of Motion but has many applications. Wooslthorpe Manor, the home of Sir Isaac Newton is not 5 miles from where I live in in Lincolnshire. If ever you visit England its worth seeing. http://www.nationaltrust.org.uk/woolsthorpe-manor/
I hope I did not bore you.
"Germany came to the same conclusion that Britain did: China is such a large..." Well, yes, that and FATCA.
Krugman: Unexpected, never saw de-dollarization coming. Fools didn't do nearly enough QE like I said to do.... so of course this happens, not my fault.
Of course the dollar has no more value than the garbage people are "rotating" into. It is all a scam run by central banks of course. This is an excellent movie a buddy recommended on the scam.
https://www.youtube.com/watch?v=p5Ac7ap_MAY
Legal Tender laws are the key to how the gov forces the People to trade their labor and assets for a currency that is printed from thin air. Why is a law like that not a clear violatiion of the 5th amendment which does not allow a "taking" without value? . It was a court packing scheme they "forget" to teach us in their government schools.
http://www.thetruthaboutthelaw.com/they-make-you-use-money-that-is-backe...
born 2 die
So once the China bank is established, they'll simply write off all those trillions of dollars they're holding? LOL. And the Euros will enjoy depositing their moolah with the Chinese, where NIRP has been a way of life for 5,000 years? Have fun, dudes. Don't take any wooden renminbi.
pls. name anything, what is better then fiat usd. or fiat yuan
Who cares. This only impacts the .01%
I strongly hope, that each of those would-be new members, fuounding members,
will have to backup his position with 1000 tons of gold.
Finally IMF is the second biggest official gold holder worldwide, after US.
Only on paper, the gold in the US does not exist, it's all gone east.
dominic strauss kahn had been complaining that the u.s. had not delivered it's share of pledged gold to the imf, prior to his sofitel ordeal.
JewSA starting to circle the toilet bowl. All this, and picking fights with Putin who'll clean their clocks. The empty shell of my country is all that's left.
If you voted for Obama then you voted for the end of US dominance. What did you think would happen when you put that thing into office? The rest of the world is breathing a sigh of relief with the end of the US empiire on the horizon, although I suspect the US government will try for another world war to prevent the empire ending rather than just bowing out quitely.
Sorry, but I call bullshit. Anyone who voted in an election after the mid-90s voted against America. Yes, the big O is a piece of shit but no worse than the crack head(s) that preceded him. I personaly hold W (okay cheney) responsible for the straw that broke the camel's back. Obama hasn't changed a single law that was introduced by those cunts.
The FOX news parrots will disremember all of that. To much to remember, it is so much easier to regurgitate something they were fed on FOX last night.
If you voted for anybody other than Ron Paul, you don't get it.
Here,here
Which of the other "things" (other than perhaps Ron Paul) would you have preferred?
I voted for 9/11 truther Cynthia McKinney in '04
Mea culpa. I voted for Urkel in '08.
But in the immortal words of philosopher George w. Bush: fool me once shame on you. Won't get fooled again
Gotta love the Americans worrying about the new bank not adhering to the highest standards.
Lots of truth in your post. I needed to laugh today.
No one knows how to pronounce either name of the Chinese currency so I predict this effort will fail to dethrone the Federal Reserve's "money."
For the uneducated, you can remember 3 little letters of the English alphabet. R....M....B....!
Easy peasy, can you say 'you ann' (Yuan) or
re nim bee (renimbe),, I said it was easy.
It's not "money". It's currency. Gold is money. But you already knew that.
The death of the dollar solely accomplished by buying chinese trinkets with fake money...boy, the US walked right into that one...China won the biggest war without firing a shot! Magnificent!
For sure. If we have a war with them, we'll have to find another vendor for a lot of our equipment.
Obama and the Fed have made the dollar a walking dead currency. Suddenly it will keel over. The question is not if but rather when.
FOREX ANALYST WARNS THAT THE USD MAY HAVE BECOME A CURRENCY POLTERGHEIST
More on the subject at www.financialpaparazzi.com
Pay attention folks.....we're going to learn how to say F U in multiple languages!
https://www.youtube.com/watch?v=-6UgHmeiXyo
Their Nephilim brothers.
Blood is thicker than national sovereignty.
I don't believe Obama is the problem. I believe this goes back to the 2010 IMF Code of Reforms refusing to be passed by Congress. It is primarily a group that is controlled by banking interests to refuse to balance world currencies and remove US veto power. China is a primary driver to these reforms. The best I can tell is Obama has been trying to get Congress to adopt the Code or Reforms.
When the BRICS and other nations came to the conclusion the IMF was not going to be changed, they headed off in their own direction. Since this has been going on for years, I would bet China now wants a greater position than they did in 2010.
china is busy installing more doors in the burning dollar theater. doors that they have the keys to. the period to safely exit will be brief.
Yeah, pass more laws. That will solve all the problems in the world, you fucking numb nuts.
Yep. But I think it's worse. The numbness has spread from the nuts.
Was that allies or aliens?
Was that a typo?
I applaud every sign of growing weakness of the Neocon Empire, but also dread the inevitable approach of hyperinflation that will attend its collapse.
A global consensus will reach critical mass very quickly now; most likely coinciding with the spiraling negative implications of a "strong" dollar as it approaches the 115-120 range.
Top US Commander Under Arrest For Refusing To Fire Nukes At Russia
A new report circulating in the Kremlin today prepared by the Foreign Intelligence Service (SVR) for the Ministry of Defense (MoD) states that President Barack Obama’s nuclear war communication commander has been arrested and relieved of her command after failing to transmit launch codes authorizing an atomic weapons first-strike attack upon the Federation in coordination with a similar “surprise” attack planned by the United Kingdom.
According to the SVR, US Navy Captain Heather E. Cole [photo 2nd left] was the commander of the US Navy's Strategic Communications Wing 1 located at Tinker Air Force Base in Oklahoma whose E-6B Mercury aircraft provide the communications links allowing President Obama and US Secretary of Defense Ashton Carter to directly contact the submarines, bombers and land-based missiles that comprise the United States strategic nuclear force.
http://www.whatdoesitmean.com/index1849.htm
Is that report'circulating intheKremlin today" written by Sorcha Faal? sounds like it.
Counterforce. Fuck yeah.
putin lies exposed:
RUS: https://youtu.be/OJ3EVG1Czkw
Hey, you have a hole: tu"."be in your tube!
Anti-Russian troll has arrived.
Why are you guys so scared of what he has to say? So he's some dude who doesn't like Grandmother Putin. Is there some law that obliges him to keep his thoughts to himself as long as you disagree with them. Holy Downton Abbey, Batman.
Can't say that I get much out of a Russian language video, but it sure seems to make you mad-- so I guess it has an impact on its intended target audience.
Just because you're scared of mosquitos and gnats, David Lee, doesn't mean that everyone else might as well jump. Some people only find them annoying.
BTW, I believe you are the only audience that was impacted by the video, as it is likely that no one else even bothered to view it. Did it feature a potato?
It's a story on China. Definition of trolling.
All the rest of the world have been interested in were US middle class consumers.
US elites have always been a greedy bunch of pain in the arses.
Now the US middle class has been wiped out, what does the US have to offer the world?
War!
What is it about "we're just going to kill the dollar" do people not understand?
https://m.youtube.com/watch?v=PJQKJqGC7w0
"other institutions set up at the height of American power after World War II"
One reason the US is so desperate to spread chaos and destroy nations is because the Washington DC elite can sense the American Power that the US wielded after WW II is slipping away. The great victory of ending the USSR did not deliver the result hoped for. WHY? Because just as the USSR died, China exploded onto the scene. Soaking up America's industrial base, and soaking up 2 centuries of western technology in a decade! While the US should have been all powerful in the 90's, China stood up just as the USSR stood down. And the threat was now worse. The USSR posed NO threat to the American economic rule. But China did, and does! Thus the anger over Europe signing up for the new Asain investment bank, a bank that the Russian Federation will be a powerful member of, and a member the USA can not sanction within the bounds of that bank. Do you see how this frightens Washington DC? With Asian trade and banking associations growing more powerful and Russia a fonding partner in them, the USA loses it's sanctions power, it's power to close down credit lines.
Since Washington's economic power and it's dollar hegemony is now under direct threat, the US will use the one tool it has that is nearly all powerful. The US Military and the giant US Spy complex.
This complex is destroying Ukraine. They shot this liberal Russian politican in hopes of spuring the beginning of a Moscow Maidan. Study up on his killing! Then study up on CIA hits in the past, using their own men, and foreign proxies. Ukraine is all about getting Russia into a shooting war with NATO. Both NATO and RUssia would be destroyed. That leave the untouched USA in charge there, and free to make the giant military and spy shit to the east, to confront China.
I feel about 75% certain that the above scenario goes a long way to explaining the US militaristic actions. Perhaps I am wrong, these are other factors I do not have knowledge of. But my best guess is what I wrote above. Please add to it, if you know more and think it is important to US actions in Iraq, Syria, Yemen, Libya, Kosovo, Ukraine, Georgia, the Baltics and Poland.
Agree with you as usual except for the following minor differences. The outcome will be as you describe no matter what.That liberal Russian pol was most likely hit by a u.s intel agency. They have/had the most to gain but were too obvious about it. The new CIA isn't near as crafty as in the past. I think the morbid u.s educational system is rearing its ugly head. Just look at the mass stupidity of the u.s foreign policy. Reminds me of the old westerns on TV where you could figure out the plot in 30 seconds...
IMO the production and technology was handed to the Chinese on a silver platter by the u.s government. The u.s government actually funded much of the transfer. Could have been stopped immediately with tariffs and other import taxes.
I think this was planned and executed by the corporations looking for more profits and government looking for a friendly Asian partner. The Chinese smiled and said thank you, while building up their strength. Now with most of the worlds production originating there,,, the Chinese are making their move. The West managed to create the monster that will destroy them, whether on purpose or not.
You are not wrong. The goal was to goad Putin into a Georgia style invasion to Kiev thus gelding the rest of Europe and US clients in Asia to go full sanctions on Russia: oil, gas and banking exclusion
mH17 got them part way there. Using Chechen cutouts via Ukraine failed with Nemtsov flopped.
Putin won't take the bait. Time is on his side
Expect Uki junta declaring war on Russia as the next face plant
As many have said Mr. nobel Prize and Lurch "who wants to be the last soldier to die for a lost cause" Kerry to fight Russia to the last dead Ukrainian in April or early May
This war will not be conventional. Hence, the US Military is not/nearly all powerful.
Jack, well said, I couldn't have said it better. Also replies to your post show others have your insight.
I wish there were a lot more of us that could influence the American people to open their eyes to abort the US rush to war.
Jack,
well put: because of posters like you and latinalover,
lurkers like me come and read zero hedge every day!
Thank you.
Thumb up. Every Jack B comment is a must read. He should be upgraded to Tyler status
#Which Bank will go under next?
Banks Credit Default Swaps
List here:
http://cds-info.com/
Recently there was an article that stated the banks most likely to fail again are any banks that were bailed out the last time. So I present an even more exciting list. WHAT BANK IS IN YOUR WALLET? https://projects.propublica.org/bailout/list
Forget this bank, the US will only start to realise that the future is near if the two TTPs are not agreed.
If they are not, and there is a huge amount of effort going into keeping them as secret as possible so that us the prolls don't rumble what's going on, that is when TSHTF.
Wizard- "I don't believe Obama is the problem. I believe this goes back to the 2010 IMF Code of Reforms refusing to be passed by Congress. It is primarily a group that is controlled by banking interests to refuse to balance world currencies and remove US veto power."
Actually it is obama's fault because from 09-11 he had full veto proof rule over congress. The democrats had super majorities in both houses of congress and therefore had every opportunity and power to correct this matter.
Not to mention that the big banking interests come mostly from the democrat party.
Sort of hard for China to replace the US dollar when their currency is pegged to said dollar. China wouldn't dare float their currency freely in the market. It would destroy their export driven economy.
I don't think that will be difficult. After all, the dollar is pegged to a printing press.
NOTHING in global elite circles happens by accident!
+1000
Although Mr. Transparent never really was, he did do one thing exceedingly well: He painted a very clear and understandable picture for the rest of the world to see exactly who we've become. Now they know they can plot their own path and do way better.
Mr. Nobel Peace Prize's Butcher's Bill
1. Afghanistan
2. Pakistan
3. Iraq
4. Syria
5. Yemen
6. Somalia
7. Kenyan birthplace
8. Libya
9. Mali
10. Nigeria
11. Ukraine
12. Russia (it's inevitable)
Coups:
1. Honduras
2. Thailand
3. Egypt
4. Venezeula (in progress)
Amerikkka Uber Alles
"...the dollar’s dominance is coming to an end".
The sooner the better the US Empire of War is cremated. We might, just might have a chance to restore the American Republic.