Posted by seumasach on June 21, 2018
18th June, 2018
The US Treasury Department report for April published on June 15 revealed that Russia sold $47.4 billion out of the $96.1 it had held in Treasury bonds (T-bonds). In March, Moscow cut its Treasury holdings by $1.6 billion. In February, Russia reduced its bond portfolio by $9.3 billion. Other holders did it too. Japan sold off about $12 billion, China liquidated roughly $7 billion. Ireland ditched over $17 billion.
Posted in Uncategorized | Tagged: de-dollarisation, decline of dollar, dollar collapse, End of empire, new global financial architecture, new global financial system, petro-yuan | Leave a Comment »
Posted by seumasach on April 7, 2018
Alastair MacLeod
5th April, 2018
We have been here before – twice. The first time was in the late 1920s, which led to the dollar’s devaluation in 1934. And the second was 1966-68, which led to the collapse of the Bretton Woods System. Even though gold is now officially excluded from the monetary system, it does not save the dollar from a third collapse and will still be its yardstick.
Posted in Uncategorized | Tagged: dollar collapse, gold standard, new global financial architecture, new global financial system, reserve currency status of dollar | Leave a Comment »
Posted by seumasach on January 30, 2018
September, 2017
Qatar, North Korea, the Baltic Sea, risk of a World War III… and all the military ranting mentioned in the media lately, are issues going hand in hand with the programmed and imminent advent of the catastrophic scenario for the dollar as a unique world reference currency: the Petro-Yuan will be in place at the end of the year. More than a petro-currency, it will be a petro-gas-gold-currency! The West is thus preparing to switch to total anachronism with this founding act of the 21st century multipolar world.
Posted in Multipolar world | Tagged: BRICS cryptocurrency, demise of dollar, dollar collapse, petro-yuan | Leave a Comment »
Posted by seumasach on September 19, 2017
17th September, 2017
Qatar, North Korea, the Baltic Sea, risk of a World War III… and all the military ranting mentioned in the media lately, are issues going hand in hand with the programmed and imminent advent of the catastrophic scenario for the dollar as a unique world reference currency: the Petro-Yuan will be in place at the end of the year. More than a petro-currency, it will be a petro-gas-gold-currency! The West is thus preparing to switch to total anachronism with this founding act of the 21st century multipolar world. 2014-2017: here we are, at the end of a three-year exacerbation period of tensions on all front lines (West against the rest of the world) and we are witnessing the up-coming end of the dollar’s reign over the world and over all financial systems and their related economic activities. Sanctions, blockades, proxy-wars, direct military threats… the question is whether the current clash of arms is really a warning sign of an Nth suicide of the West whilst hoping in vain to stop time, or whether the solution conveying power is on the verge of carrying away all possible resistance.
Posted in Currency Wars | Tagged: decline of dollar, dollar collapse, End of empire, gold-backed yuan, petro-yuan | Leave a Comment »
Posted by seumasach on September 14, 2017
13th September, 2017
Apparently confirming what President Maduro had warned following the recent US sanctions, The Wall Street Journal reports that Venezuela has officially stopped accepting US Dollars as payment for its crude oil exports.
Posted in Uncategorized | Tagged: dollar collapse, new global financial system | Leave a Comment »
Posted by seumasach on September 11, 2017
This actually ties in logically with declarations at the recent BRICS conference concerning an alternative system of international payments involving, most notably. a gold-backed Yuan. The dollar’s demise as the global reserve currency is imminent and Trump’s deal with the Democrats merely brings it closer but with the advantage that the Democrats can’t blame Trump for it now.
Peter Schiff
8th September, 2017
Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal conservatives bemoaned the perils of runaway debt and “attempted” to exact spending restrictions through threats “to shut down the government,” (which often led to news coverage of tourists being turned away from national parks.) On the other side of the aisle Democrats would rail that the ceiling must be raised “because America always pays her bills.” Lost was the irony that “paying” bills with borrowed money was fiscally responsible, and that raising the ceiling actually enabled America to continue to avoid paying its bills. After these amateur theatrics, the ceiling would be lifted and Washington would go on as if nothing happened. But at least the performance threw occasional light on the nation’s debt problems.
Posted in Uncategorized | Tagged: decline of dollar, dollar collapse, new global financial system | Leave a Comment »
Posted by seumasach on July 19, 2017
Trump, like his predecessor, Obama, seems destined to preside over the demise of all neoconservative plans. At the same time, like Obama, he appears unable to break free of the “swamp”, the deep state quagmire, and actually define US interests in positive terms through an embrace of the emerging multipolar reality. Thus, the neocons have made sure that if they can’t lead no one can. If it continues, this paralysis means that there is no soft landing for bankrupt America, no reset of the global financial system: the next phase of the financial crisis is imminent and the US economy and the dollar will be right in the eye of the storm.
M.K.Bhadrakumar
18th July, 2017
The United States’ regional strategies in the Middle East face multiple challenges and it needs strong nerves and robust realism not to overreact. Importantly, the temptation to display ‘muscular’ diplomacy must be curbed. Thus, the decision by the Trump administration on Monday to certify for the second time Iran’s compliance with the July 2015 nuclear deal signifies strategic maturity.
Posted in Financial crisis | Tagged: dollar collapse, End of empire, financial collapse | Leave a Comment »
Posted by seumasach on April 29, 2017
27th April, 2017
While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russo alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar.
Posted in Multipolar world | Tagged: Chinese soft power, dollar collapse, End of empire, end of petrodollar | Leave a Comment »
Posted by seumasach on January 25, 2017
The dollars will also be coming home. What this is leading too is the non-acceptance of dollars as international payment. However, Trump can resolve the debt issue through international agreement, above all, with China: a global reset, a trade-off between the declining hegemon and the new leader of globalization.
22nd January, 2017
While most of the country has been focused on the inauguration of Donald Trump, a very real crisis has been brewing behind the scenes. Foreigners are dumping U.S. debt at a faster rate than we have ever seen before, and U.S. Treasury yields have been rising. This is potentially a massive problem, because our entire debt-fueled standard of living is dependent on foreigners lending us gigantic mountains of money at ultra-low interest rates. If the average rate of interest on U.S. government debt just got back to 5 percent, which would still be below the long-term average, we would be paying out about a trillion dollars a year just in interest on the national debt. If foreigners keep dumping our debt and if Treasury yields keep climbing, a major financial implosion of historic proportions is absolutely guaranteed within the next four years.
Posted in Financial crisis | Tagged: dollar collapse, End of empire, new global financial architecture | Leave a Comment »
Posted by seumasach on February 10, 2016
10th February, 2016
Tehran has taken revenge on Washington for years of US-driven economic warfare against Iran: the National Iranian Oil Company has announced that Iran will only accept payment in euros, not dollars, for its oil, F. William Engdahl notes, adding that Saddam Hussein had adopted a similar ‘petroeuro’ practice, prompting the US to invade Iraq.
Posted in Currency Wars | Tagged: BRICS(Brazil-Russia-India-China-South Africa), dollar collapse, End of empire | Leave a Comment »
In These New Times 