HERE COME THE NEXT CRISIS........THE CRASH OF THE U.S. DOLLAR PLEASE READ AND SHARE.........THE NWO IS ABOUT TO TAKE EFFECT......... India’s veto earlier TODAY of a landmark World Trade Organization (WTO) treaty has “SHOCKED THE WORLD” and could very well lead to the entire COLLAPSE of this Western led global organization that for past 66 years has, in essence, economically DESTROYED too many once free nations to count. According to this report, India was FORCED TO TAKE A STAND against the West who were attempting to force this sub-continent nation into STARVING hundreds-of-millions of its own citizens should this WTO treaty taken effect. In a nutshell, according to press reports, India was facing EXTREME PRESSURE, mostly from the Obama regime led West, for holding up the Trade Facilitation Agreement under the WTO. It did so because it wants to first settle the question of flexibility to buy and STOCK as much food as it wants from its farmers. This is important to ensure the implementation of its Food Security Act. Current WTO rules cap subsidies to farmers at 10 percent of the total value of farm production based on 1986-88 prices. [Example: Wheat: 1986:$2.42 per bushel 2014: $5.93 per bushel]. India, however, had wanted the base of calculating food subsidies updated to CURRENT PRICE LEVELS, taking into account inflation and currency movements. Otherwise, the government would not be able to provide subsidized food to some 67 percent of its 1.2 billion people it wishes to cover under its food security law. Obama regime spokesman, Secretary of State John Kerry, this MoFA report continues, had flown to India to PRESSURE Prime Minister Narendra Modi into signing this treaty, but was quickly REBUFFED. After which the US then blamed India for the collapse of these talks and stated that by New Delhi taking a hard-line position, the future of the WTO is now on “uncertain ground”. In a further Indian move against the Obama regime, the Bank of Russia and the Reserve Bank of India, this week, agreed to set up a working group to devise tools to use their national currencies in bilateral payments BYPASSING the US Dollar, in a further blow to the West. Within weeks of Gaddafi announcing his plan to replace the US Dollar, it should be remembered, his regime was ATTACKED by a supposed popular uprising by what were described by the West as rag-tag revolutionaries who curiously announced the designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi. So absolutely astounding was it that these “rag tag” Libyan rebels were able to establish a central bank BEFORE they had even formed a government, even Robert Wenzel of the US Economic Policy Journal was FORCED to admit to CNBC, “I have NEVER before heard of a central bank being created in just a matter of weeks, out of a popular uprising. Most critical to note is that while the whole world is in the middle of a global currency war (i.e. a situation where nations all compete to devalue their currencies the most in order to boost exports), the Obama regime has now “set its sights” on Russia, like it did in 2011 against Libya, and in 2003 against Iraq, and in 2000 against Iran…all nations that have sought to break away from the US Dollar.”
Posted on: Fri, 01 Aug 2014 17:54:32 +0000
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