The Holy Sirens of WW III To decouple from the chokehold of the dollar system, Russia and China are negotiating agreements to conduct major energy trade in their own currencies and not, as has been the accepted practice since the 1944 creation of Bretton Woods System, via the US dollar. Since August 1971 when President Nixon decided to break the legal tie between the US dollar and gold, US power has rested on a system where, whether the dollar rose or collapsed, all nations would be forced to trade using US dollars for oil, commodities and ordinary trade. When the Euro first challenged that “reserve currency” role of the US dollar after the 2008 financial crisis, Wall Street and the economic warfare unit of the Obama Administration, the Working Group on Financial Markets, known in Washington as the “Plunge Protection Team,” headed by the Secretary of the Treasury and including the Chairman of the Federal Reserve, Chairman of the SEC and Chairman of the Commodity Futures Trading Commission, coordinated what became the “Greek crisis,” de facto Washington and Wall Street full-scale financial warfare attack on the stability of the Euro, using the Federal Reserve, rating agencies, Wall Street-financed hedge fund speculators and the Treasury of the United States to create the Euro crisis. The dollar rose dramatically as a result and the Euroland economies have been devastated and weakened ever since. Clearly China and Russia and other key emerging economies have understood Washington’s new financial warfare weapon, perfected since the financial measures of September 11, 2001, allegedly against money laundering by international terrorists, but clearly applicable to all banks in the world today. The world is nearing a decisive “tipping point” economically and financially and the creation of a joint Russian-Chinese alternative to SWIFT would add a large nail in the dollar coffin. Washington and Wall Street are unlikely to accept that nail without responding. We are in a new era of global warfare since the US-financed Ukraine coup of February, 2014 by. Dr. F. William Engdahl, German geopolitical analyst.
Posted on: Wed, 15 Oct 2014 02:29:16 +0000