by Georgi Stankov and Robert Fallin, November 11, 2014
The events you predicted in “The Great Wave” appear to be happening before our eyes.
With love and light
this is indeed one way how the Orion monetary system will crash in the next days: the elimination of the dollar as world fiat currency of payments and exchange and in particular its anchoring as petrodollar somewhat 40 years ago after the gold standard was abolished by Nixon. This is the reason why now the USA is leading a senseless and desperate war in Iraq and Syria. The aim is not to combat ISIS, which was created by the CIA, but to create havoc in the Middle East and keep the Arab countries closely allied to the USA as long as danger for their existence as artificial states exists.
But obviously this strategy hits back at the USA. The Golf states are now more adamant than ever to make business with China as to secure their oil revenues in a market of rapidly declining oil prices and demand. This is by the way the same reason why the Russians are now closing the biggest gas and oil deals with China in national currencies thus eliminating the dollar as a world currency.
The low oil price has many causes, the most important one being the current world recession and an excess in oil supply. But this has been also the case many times in the past and the OPEC countries always solved this problem by lowering their oil production to keep the prices high. This time however the OPEC countries, which are predominantly the Arabic countries, decided not to reduce their oil production but to open the China market by accepting the Renminbi (Yuan) as an exchange currency. This is indeed the end of the petrodollar and the US hegemony in the world.
That is why the USA is pressing so hard with the two major war conflicts nowadays in the Middle East and in Ukraine. In the second case the USA wants to strangulate Russia from its European markets in order to make them vulnerable and dependent on US oil, which was supposed to flow from fracking. And at the same time to weaken its main adversary in its effort to establish the NWO – Russia.
Both objectives turned into a nightmare. Russia has just signed a new deal with China for a new second Western gas supply route that will soon make Russia independent from the EU markets, leaving these countries in the cold. It is now only a matter of days till these stupid European stooges of the USA realize how the economic situation has made an U-turn against them and leave the sinking US ship. Thus the whole NATO strategy to encircle and blackmail Russia is falling apart and the USA is losing both its allies in the West and its undeclared war against Russia in the East.
In the meantime the low oil prices have almost ruined the fracking industry in the USA, which was a big scam from the very beginning as 95% of the announced resources were recently disclosed to be a fraud. Thus the USA is now more dependent on oil import than ever at the same time, while the dollar is being rejected as global currency of payments and exchange by more and more countries, which now resort to national currency swaps.
“Doing away with the US dollar and switching to ruble and yuan payments will significantly increase Russia and China’s say in energy and financial markets, Vladimir Putin has said, adding that the first deals are already underway.
In short the President said the US dollar has no future, and that the ruble and the yuan have better long-term prospects.
“Payments in rubles and yuan are very promising. Switching to such a large-scale work means that the impact of the dollar on the global energy sector will objectively decline. This is not bad either for the global economy, or the world of finance and the world energy markets,” Putin said at the APEC Business Summit in Beijing Monday.”
Only today the Bank of Russia took another step towards a free float ruble by abolishing the dual currency soft peg, as well as automatic interventions.
On this same day the APEC members adopted under the leadership of China a road map for an Asia-Pacific free trade zone that will eliminate trade barriers across 21 countries and could challenge US dominance in the region. Most of this trade will be done with local currency swaps on the basis of the yuan. http://rt.com/
All this flurry of important economic events will lead to a rapid de-dollarisationon of the world markets and the ultimate financial collapse of the USA that has a huge state deficit, massive negative trade balance since 30 years, total impoverishment of the American population that is also fully indebted etc. etc. There is not a single economic parameter that is positive for the USA these days.
Hence I predict a quick and rapid collapse of the Orion monetary system of the FED and ECB, which may begin as a shut-down of all banks in the USA and then in the rest of the Western world, while those dollar independent countries such as Russia and China will not be affected that much by this sudden financial collapse of the dollar and will win the global war against the dark Western cabal.
This will ultimately lead to their demise shortly before we ascend and the MPR will come. It may be that the US cabal may trigger a major crime on humanity in their total desperation, but this will only accelerate their final defeat. Hence the coming days will be very exciting, especially when one considers the flooding of this uppermost mother planet with the pink-rose flame from the angelic realm, which we can now observe in its incredible beauty on the Pacific coast imbued within the deep blue, cloudless firmament.
With love and light
Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada
The march of global de-dollarization continues. In the last few days, China has signed direct currency agreements with Canada becoming North America’s first offshore RMB hub,which CBC reports analysts suggest “could double maybe even triple the level of Canadian trade between Canada and China,” impacting the need for Dollars.But that is not the week’s biggest Petrodollar precariousness news, as The Examiner reports, a new chink in the petrodollar system was forged as China signed an agreement with Qatar to begin direct currency swaps between the two nations using the Yuan, and establishing the foundation for new direct trade with the OPEC nation in the very heart of the petrodollar system. As Simon Black warns, “It’s happening… with increasing speed and frequency.”
Authorized by China’s central bank, the deal will allow direct business between the Canadian dollar and the Chinese yuan, cutting out the middle man — in most cases, the U.S. dollar.
Canadian exporters forced to use the American currency to do business in China are faced with higher currency exchange costs and longer waits to close deals.
“It’s something the prime minister has been talking about. He wants Canadian companies, particularly small- and medium-sized businesses, doing more and more work in China, selling goods and services there,” said CBC’s Catherine Cullen, reporting from Beijing.
It’s happening. With increasing speed and frequency.
The People’s Bank of China and the Canadian Prime Minister’s office issued a statement on Saturday stating that Canada will establish North America’s first offshore renminbi trading center in Toronto.
China and Canada agreed on a number of measures to increase the use of renminbi in trade, business, and investment. And they further signed a 200-billion renminbi bilateral currency swap agreement.
Moreover, just today, hot off the presses, the central banks of China and Malaysia announced the establishment of renminbi clearing arrangements in Kuala Lumpur, which will further increase the use of renminbi in South-East Asia.
This comes just two weeks after Asia’s leading financial center, Singapore, became a major renminbi hub, with direct convertibility established between the Singapore dollar and the renminbi.
And as Black notes, everyone is in on the trend. All across the world, the renminbi is quickly becoming THE currency for trade, investment, and even savings.
Renminbi deposits in South Korea, for example, surged 55-times in one single year. It’s stunning.
The government of UK just issued a renminbi bond, becoming the first foreign government to issue debt in renminbi.
Even the European Central bank is debating to include renminbi in its official reserves, while politicians the world over are sounding not-so-subtle warnings that a new non-dollar monetary system is needed.
Nothing goes up or down in a straight line. And given how volatile Europe and the global economy continue to be, the dollar may certainly be in for its surges and bumps in the coming months.
But over the long-term it’s glaringly obvious where this trend is going: the rest of the world no longer wants to rely on the US dollar, and they’re making it a reality whether the US likes it or not.* * *
And now, no lesser oil-producing state than controversial Qatar has signed an agreement too.. seemingly opening up the door to Petrodollar panic… (as The Examiner reports)
The petro-dollar system is the heart and soul of America’s domination over the global reserve currency, and their right to make all nations have to purchase U.S. dollars to be able to buy oil in the open market. Bound through an agreement with Saudi Arabia and OPEC in 1973, this de facto standard has lasted for over 41 years and has been the driving force behind America’s economic, political, and military power.
But on Nov. 3 a new chink in the petro-dollar system was forged as China signed an agreement with Qatar to begin direct currency swaps between the two nations using the Yuan, and establishing the foundation for new direct trade with the OPEC nation in the very heart of the petro-dollar system.
While this new agreement between China and Qatar is only for the equivalent of $5.7 billion over the next three years, Qatar becomes the 24th nation to open its Forex market to the Chinese currency, and solidifies acceptance of the Yuan as a viable option for the future in the Middle East.
China’s central bank announced Monday that it has signed a currency swap deal worth 35 billion yuan (about 5.7 billion US dollars) with the central bank of Qatar.
The three-year deal could be extended upon agreement by the two sides,said a statement on the website of the People’s Bank of China (PBOC).
Also on Monday, the two sides signed a memorandum of understanding on Renminbi clearing settlement in Doha. China agreed to extend the RMB Qualified Foreign Institutional Investor scheme to Qatar, with an initial quota of 30 billion yuan.
The deal marked a new step forward in financial cooperation between the two countries, and will facilitate bilateral trade and investment to help maintain regional financial stability, the statement said. – China Daily
It is perhaps no coincidence that the term for the new agreement is set for three years, and is within the exact time frame being predicted by the director of the Finance Institute under the Development Research Center of the State Council, Zhang Chenghui for the Renminbi to become fully convertible in the global financial system.
The need for new markets and a more stable trade currency in Qatar could be tied to a new report issued last week by French bank BNP Paribas which showed that petro-dollar recycling has fallen to its lowest levels in 18 years, signifying that even oil producing nations in the Middle East are finding it difficult to trust the U.S. dollar, and facilitate its use in trade due to its depreciation since the advent of the Federal Reserve’s massive QE programs.
Nearly every week now, China, Russia, or one of the BRICS nations are finalizing agreements that supersede the old system of dollar trade and reliance on the petro-dollar system. And as many countries begin to reject the dollar due to the exported inflation that is growing in nations that are relegated to having to hold them for global oil purchases, alternatives such as the Chinese Yuan will become a more viable option, especially now that the Asian power has taken over the top spot as the world’s biggest economy.