Thursday, November 21, 2013

Twenty-three countries begin setting up swap lines to bypass dollar

Twenty-three countries begin setting up swap lines to bypass dollar


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November 18, 2013  

Twenty-three countries begin setting up swap lines to bypass dollar 

For several years, financial analysts, primarily those outside the mainstream of academia, have been warning that any day could be the black swan event that collapses the dollar, and ends U.S. hegemony as caretaker of the world's reserve currency. That day has finally arrived as on Nov. 18, a former head trader for a major financial institution issued a harbinger and stated that 23 countries, and 60% of the world's GDP, are right now setting up new swap lines which bypass the dollar, SWIFT, and the BIS, and will usher in a new global currency system which will kill the dollar.

The thoughts that are put into the minds of men that are aware of what is occurring on trading floors all over the world is when? When is also the question that I get asked about quite often by thousands of people. So what is the “when”? The “when” is what is the sure sign that this fraudulent sham that we call an economy is over? Folks the biggest sign is when those that trade in the dollar to acquire goods, no longer want the worthless paper because of US “bully” policies or they have totally lost faith in the US as a responsible steward of it’s currency and economy. That day has arrived.

All over the world economies that have not totally shot themselves in the foot by gambling in the Anglo-American casino are now moving to set up various currency exchanges by passing the dollar. 

The list of the 23 countries which are creating new swap lines outside of the dollar include China, Russia, India, and surprisingly, Germany, France, and the United Kingdom. This means that the Eurozone itself is abandoning the dollar, and preparing for transition to a new central banking system.

To facilitate the transfer of currencies and swap lines, there needs to be a bank of sufficient size and stature to aid in handling of this monumental task. One year ago, China, along with the BRICs nations of Brazil, Russia, India and South Africa, loaned money to a new financial institution they established and labeled the BRICs bank. This bank was created with the intention of bypassing the dollar, and allowing free trade to occur between nations without the need to trade for dollars first, as is currently the format under the petrodollar system. In fact, the new BRICs bank will function both as a bank of international settlement, as well as a lender of last resort, eliminating the need for the BIS and IMF, which currently reside under dollar dominion.

The only thing that stands in the way of the world's final rejection of the dollar is the wavering trust that Saudi Arabia and OPEC have with the U.S. in assuring oil transactions remain denominated in dollars under the 1970's Petrodollar agreement. But as the world has seen recently, even the Saudi kingdom is hedging towards a new global system, and has publicly stated that their ties to the U.S. are open for re-negotiation.

What started in September of last year, when an agreement between China and Russia ended the dollar's stranglehold over oil and how it was purchased, the past 14 months have seen a momentous rush towards setting up the infrastructure to replace the dollar completely in global transactions. And with 23 countries, including those from the BRICs nations and the Eurozone, preparing for new swap lines outside of dollar hegemony, the fuse has been lit on the dollar's death rattle, and the when has changed into the now.

http://goingglobaleastmeetswest.blogspot.com/2013/11/twenty-three-countries-begin-setting-up.html

8 comments:

Anonymous said...

One year ago, China, along with the BRICs nations of Brazil, Russia, India and South Africa, loaned money to a new financial institution they established and labeled the BRICs bank. Where did the money come from? Remember the nations are private corporations ...

In fact, the new BRICs bank will function both as a bank of international settlement, as well as a lender of last resort, eliminating the need for the BIS and IMF, which currently reside under dollar dominion. Does this now make it a different system? Has anything changed? How? Who runs the BRICS nations?

The people must take responsibility, boot out the financial criminals, corrupt political puppets and assassins and create a sustainable prosperous free sovereign America.



Anonymous said...

BOHICA! They got the goldmine and we got the shaft!

Anonymous said...

Imagine...The RV goes under effect and suddenly you find yourself having to pay 500.00 of the fiat dollars you received for a loaf of bread, according to this article that is a possibility as more and more Countries are getting ready to dump the dollar and don't accept it at all, I went to Europe last year and I had to exchange my money to Euros as NOBODY was accepting my dollars. Having said that maybe is better if there is no RV.

Commodity Trading advisor said...

Well the company maintains a sound and flexible balance sheet with ample liquidity that enables it to capitalize on potential acquisition opportunities to fuel its top-line growth.

Anonymous said...

Are you kidding me??

Anonymous said...

I think they will try to steal the dinars. Put your money in the bank and a few days later they have a bank holiday. Have a Lawyer read the NDA. Preferably A GOOD CPA.

Anonymous said...

yeah, who are you trying to fool, Commodity?

The all created money have always been and are still going to be fictive, aka created out of nothing? Just because things have to be in balance does'nt make the money more real. It's a major illusion no matter what the balance sheet or whatever you go on about.

The only real are trade with thigns that are not created out of nothing.

Anonymous said...

Are we real, or are we dead? As dead people, people are treated like a thing or an object. As real people or alive, people should be treated as a living individ with human rights.

The same goes for money, in which also are a fictionally trade object. As already mentioned, real trade can only be recognized with real objects and not fictive objects ( a created object out of illusion ), no matter what the definition. Are you or are you not living? That's the question.