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Archive for the ‘Currency Wars’ Category

A Tale of Two Worlds

Posted by seumasach on February 3, 2023

Alastair MacLeod

Gold Money

In the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar.

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Gold challenges $1900

Posted by seumasach on January 15, 2023

Alistair MacLeod

Goldmoney

13th January, 2023

Gold and silver were in bullish mode this week, with gold rising strongly and silver consolidating earlier gains. This morning in European trade, gold was at $1905, up $40 from last Friday’s close. On the same time frame silver was unchanged to trade at $23.78. Comex volumes were healthy in both metals.

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Russia to eliminate US dollar from sovereign wealth fund

Posted by seumasach on June 4, 2021

RT

3rd June, 2021

Speaking later on Thursday, Kremlin spokesman Dmitry Peskov backed the decision, saying that “the de-dollarization process is constant. It is, in fact, now visible to the naked eye.” He added that the move away from financial dependence on Washington “is taking place not only in our country, but also in many countries around the world, which have begun to experience concerns about the reliability of the main reserve currency.”

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Europe has been preparing a global gold standard since the 1970s

Posted by seumasach on July 20, 2020

This article is a revelation to me: I have been looking t this issue for some time but have been unaware of the EU’s preparatory moves towards a gold-backed international financial system. Despite the endless stream of ridicule directed against the EU leadership it would appear that something of real value has been accomplished. This all makes sense when we recall Giscard d’Estaing’s reference to America’s “exorbitant privilege” of being able to issue fiat to cover a permanent trade and capital deficit. Perhaps to complete the picture we only need to suppose a vast underestimate of China’s gold holdings.

 

Jan Nieuwenhuijs

Voima

15th July, 2020

Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.

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Is China’s Embrace Of Blockchain A Warning Shot To The West?

Posted by seumasach on November 10, 2019

Epoch Times

3rd November, 2019

China has high ambitions for its state-controlled digital currency.

I wrote two months ago that its central bank digital currency could be imminent. And since foreign adoption of the yuan has been tepid so far, the technology also represents a massive bid to accelerate the internationalization of yuan.

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De-dollarizing the American financial empire

Posted by seumasach on July 15, 2019

Interview with Michael Hudson

Guns and Butter

7th July, 2019

Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry trade and turns IMF and World Bank policies on the US; analysis of US economic domination of the world from its position as the world’s largest creditor post-WWI; analysis of US economic domination of the world from its position as the world’s largest debtor after the 1971 close of America’s gold window; emergence of the dollar-debt standard; how war has bankrupted the US; the difference between imperialism and super imperialism; US bribes foreign governments; China’s banking system; China and Russia stockpile gold as the world breaks out of dollar domination.

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Russia phasing out US dollar in military contracts

Posted by seumasach on December 25, 2018

The Duran(source:RT)

24th december, 2018

Moscow is dropping the greenback in major arms deals and switching to the Russian ruble and the national currencies of its partners, according to the country’s trade minister Denis Manturov.

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The real reason Western media & CIA turned against Saudi MBS

Posted by seumasach on December 15, 2018

RT

14th December, 2018

Forces are aligning against Saudi Arabia’s Crown Prince, lead by elements within the CIA and strong players in the mainstream media. But what is really behind this deterioration in relationship, and what are its implications?

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Iran, Iraq consider using local cash in mutual trade

Posted by seumasach on November 20, 2018

PressTV

18th November, 2018

Iran says it is discussing a plan with Iraq to switch to dinar in trade instead of the US dollar.

The announcement was made by Iran’s Ambassador Iraj Masjedi who said the plan had been devised in response to recent US sanctions that restricted Iran’s access to the greenback.

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Saudi Arabia gets a friend in need – Russia

Posted by seumasach on October 24, 2018

M.K.Bhadrakumar

Indian Punchline

22nd October, 2018

It goes without saying that oil has been central to military power and economic life in modern history. Control of oil has been a key source of power and policy in the Cold War. There was even a top-secret US government plan to ravage the Middle East oil industry in the event of the former Soviet Union gaining control of it. The CIA called it the “denial policy”. It was hatched in 1948 during the Berlin Blockade – whereby, oil wells would be plugged, equipment and fuel stockpiles destroyed, refineries and pipelines disabled to ensure that the USSR never got hold of the Middle East’s oil resources.

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EU, UK, Russia and China join together to dodge US sanctions on Iran

Posted by seumasach on September 29, 2018

“What really matters is the fact that the leading nations of the EU have joined the global heavyweights — Russia and China — in open defiance of the United States. This is a milestone event. It’s hard to underestimate its importance. Certainly, it’s too early to say that the UK and other EU member states are doing a sharp pivot toward the countries that oppose the US globally, but this is a start — a first step down that path. This would all have seemed unimaginable just a couple of years ago — the West and the East in the same boat, trying to stand up to the American bully!”

Strategic Culture

28th September, 2018

The UN General Assembly (UNGA) in New York is a place where world leaders are able to hold important meetings behind closed doors. Russia, China, the UK, Germany, France, and the EU seized that opportunity on Sept. 24 to achieve a real milestone.

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