Saturday, November 23, 2013

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



Thursday, November 21, 2013 

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

Related articles:  *Links ~ Dumping The Dollar ..

Iraq Finance .. Iraqi Dinar rather Than U.S. Dollar: Iraq and India trade in local currencies make Dinar Currency Desirable Internationally


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.

3 comments:

Anonymous said...

BIS is cabal - nuuff said

Anonymous said...

Get ready to pay 500.00 dollars for a loaf of bread.

Anonymous said...

One wonders what is the real agenda of BRICS and how it fits into the overall global game being played with humanity. None of the participating Nations governments' considered that just maybe the people should have been brought on board right from the inception of such an important issue namely the new money system of their economies. Everybody was allowed to read and hear about it on the main stream media and comment in the usual social media. But for all intents and purposes the details of BRICS are unsatisfactory and the deployment thereof secretive very much like the NAFTA. When people wake up they will find themselves trapped in yet another economic web not of their making but one which they apparently supported. Such is the power of politics and the media. People should carefully consider any changes in the game and actively resist it when required or loose the ability to determine their own future.