2014 is shaping up as a year of reckoning for the United States. Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads.
The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE. The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.
Tag: Russia
MOSCOW (AP) — A senior Russian diplomat on Wednesday angrily rejected U.S. warnings against striking an oil-for-goods contract with Iran, saying that Moscow wouldn’t be intimidated by threats. Deputy Foreign Minister Sergey Ryabkov…
China Will Reopen the Old Silk Road as a New Trading Route Linking Germany, Russia & China Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners – no longer in dollars – see Voice of Russia Russia’s trade in hydrocarbons amounts to about a trillion dollars per year. Other countries, especially the BRICS and BRCIS-associates (BRICSA) may soon follow suit and join forces with Russia, abandoning the ‘petro-dollar’ as trading unit for oil and gas. This could amount to tens of trillions in loss for demand of petro-dollars per year (US GDP about 17 trillion dollars – December 2013) – leaving an important dent in the US economy would be an understatement.
The west has been needlessly whipping up tension – if we don’t co-operate soon, chaos may take hold The profound and pervasive crisis in Ukraine is a matter of grave concern for Russia. We understand perfectly well the position of a country which became independent just over 20 years ago and still faces complex tasks in constructing a sovereign state. Among them is the search for a balance of interests among its various regions, the peoples of which have different historical and cultural roots, speak different languages and have different perspectives on their past and present, and their country’s future place in the world. Given these circumstances, the role of external forces should have been to help Ukrainians protect the foundations of civil peace and sustainable development, which are still fragile. Russia has done more than any other country to support the independent Ukrainian state, including for many years subsidising its economy through low energy prices. Last November, at the outset of the current crisis, we supported Kiev’s wish for urgent consultations between Ukraine, Russia and the EU to discuss harmonising the integration process. Brussels flatly rejected it.
Germany still is under de-facto occupation and its government’s policy with regard to NATO is not necessarily German policy, let alone representative of the German population. The majority of Germans are against a NATO presence…
Governments and major corporations control or, at least, try to manipulate public opinion and discursive processes through mass media communication. They also wage information wars through the use of mass media communication. Like other geopolitical…
[The 4th Media Editorial Note: This Global Research article was originally posted on April 27, 2012.] The prospect of an unparalleled Eurasian economic boom lasting into the next Century and beyond is at hand. The…
Western leaders’ attempts to create the illusion that everyone approves of the idea of imposing sanctions against Russia is coming up against the obvious discrepancy between this made-up picture and the real state of…
To hear the rhetoric of certain Western political leaders, NATO must extend its collective security umbrella over Ukraine, as well as Georgia, as quickly as possible. However, Ukrainian presidential candidate and chocolate manufacturing tycoon Petro…
The New York Times – THE United States has once again twisted itself into a rhetorical pretzel. As when it threatened military action against Syria if a “red line” was crossed, the Obama administration’s rhetoric about…