And, so it begins. The headlines are coming at such a
rapid pace that one can't help but feel that dollar is in terminal decline; a
patient on a death bed. The launch of Russian national payment system and
China's CIPS, along with BRICS bank, it seems the world is fast racing towards
an order devoid of US dollar hegemony.
After the fall of Soviet Union, the western world led
by US-UK – instead of trying to forge a peaceful world order – decided to press
ahead with their plan to establish an empire and dictate terms to the countries
of the world for their existence as a “sovereign” country. But they failed to
realize that no country on the planet – except the vassal states of Europe –
would abide by such a world order. Sooner or later, the countries of the planet
are bound to revolt and take measures to protect themselves and their precious
sovereignty from the evil psychopaths who are trying to foster such a world
order. The western world led by Anglo-Saxons and dead drunk on the illusory
victory in the cold war failed to even contemplate that such occurrence could
happen.
Well, this is just what has happened. Ever since the
start of Ukrainian crisis – a crisis created by the western world in order to
bring Ukraine in the EU fold, surround Russia with NATO troops right on its
border with the ultimate intention of weakening and dismembering Russia to
plunder its resources – the US, NATO and EU have done everything they could to
bring pressure on Russia to make them accept extremely Russo-phobic and Nazi
regime in Kiev. They have imposed sanctions after sanctions on Russia, vilified
Putin almost daily in the pathetic western media, and twisted arms of reluctant
allies to go along with sanctions citing “phony” Russian threat and aggression.
And - to top it all – morally, financially bankrupt and militarily impotent
Britain is making noises about cutting Russia from the SWIFT financial
messaging system – a system spied upon by NSA – that facilitates financial
institutions all over the world to send and receive information about the
financial transactions smoothly.
Prime Minster Dimitry Medvedev has openly warned that
any removal of Russia from SWIFT would be akin to an act of war. But the threat
of removal from SWIFT seems to have been an eye opener for Russia and the rest
of the world not under the tutelage of the US-UK. Such threats can be directed
at any one who does not conform to the policies set by Anglo-Saxons. In order
to preempt the threats coming from the howling stupids of the western world,
Russia has launched its own National Payment System to facilitate transactions
among its banks. The trial phase launched on January 31, 2015 is expected to be
fully operational on March 31, 2015.
And, now China has also started trials of its own China
International Payment System (CIPS) which is expected to become fully
operational by September or October of this year. The system is expected to
clear Yuan payments faster and will put Yuan on par with Dollar. This would be
a stunning blow to dollar's status as world reserve currency as the rising use
of Yuan in the international transactions – and gold backed, to boot, I believe
considering all the massive amount of gold china is purchasing – would present
an alternative to bankrupt dollar backed by ‘nothing’. This would be a
death-knell for the empire.
Both these systems, it seems, would be capable of
talking to each other thus promoting smoother financial transaction flow – an
alternative to SWIFT. This would be a big piece of the structure that would
bring complete de-dollarization. Another piece would be BRICS bank which
is expected to become operational this year. And, the last piece would be the
acceptance of Yuan as the world reserve currency.
This means all the pieces for the process of
de-dollarization would be in place. From now onwards it is only a matter of
time when the process goes full throttle. The days of dollar and US hegemony
are sure getting shorter. As it is the percentage of dollar trade in the world
has fallen to 61%. Still, a high number but not so significant.
The Neocons drunk on their own hubris, intelligence and
believing their own short sighted reality – a madcap reality – could never have
seen this coming. Now that the events are unfolding so fast, the die seems to
have been cast. The US led empire is crumbling: economies are facing
depression, unemployment is going through the roof (Italy, Spain etc.). In US
nearly 33 % of Americans are out of workforce.
The infrastructure is crumbling. Instead of paying attention to these
problems, the neocons – who gave us Iraq, Libya, Syria, and Ukraine – have
become fixated on their own ideology of world dominance like an ostrich with
its head in the sand. Everyone is pretty much aware of the bag of tools
used by US – and forcing its reluctant allies – to control the world: World
Bank, IMF, unilateral sanctions without UN approval, threats of exclusion from
Financial Systems like SWIFT, denial of access to investments and war as a last
resort. The world has seen through all these gimmicks and is getting
pretty much tired of it. It is looking for an alternative that would free it
from the yoke of oppression which is the current post-1945 world order called
Bretton Woods – neocolonialism with a fancy name.
The catalyst for these events can be summed up in one
word: Ukraine. This is what a
blowback of stupid policies – like trying to establish and expand hegemonic
empire - look like.
As John Kerry said so eloquently, while congratulating
the current Ukrainian regime on the one year anniversary of Maidan: “Glory to
Ukraine”.
|
…..
But what inspired me most was the Ukrainian people themselves, who are striving for a democratic and European future in the face of adversity and Russian aggression. Today we are united with Ukraine in somber remembrance of the sacrifices made by the “heavenly hundred.” We also recognize the efforts of the people of Ukraine to make progress over this difficult year. From L’viv to Luhansk, from Chernivtsi to Sevastopol, Ukrainians are coming together to define their own future.
And finally, we join you in declaring, Slava
Ukrayini. Glory to Ukraine.
America stands with you.
…...
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Yes, Indeed. And, more please.
It seems even the allies of US are having enough of the
recklessness of the US leaders and are abandoning it.
First UK adopts a decision to become founding member of
Chinese-led Asian Infrastructure Investment Bank (AIIB) – which counts Malaysia,
India, Thailand, Singapore, Vietnam, Pakistan, etc. among its original founding
members – and angers US.
|
…..
In a rare public breach in the special relationship,
the White House signalled its unease at Britain’s decision to become a
founder member of the Asian Infrastructure Investment Bank (AIIB) by raising
concerns about whether the new body would meet the standards of the World
Bank.
|
And, now Australia, France, Germany, Italy are poised
to join AIIB.
Major US allies to join China-backed AIIB bank
….
Against the advice of the US, several European
nations have decided to join the China-backed AIIB development bank.
Washington had expressed concern over funding transparency and competition
for the World Bank.
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The country that set out to isolate Russia now itself
is getting isolated and reduced to throwing hissy fits and threats to try to
get its way.
What an irony! What a blowback!
