The BRICs nations are forming an alternative internet with a new undersea cable. Asian nations are talking about militarily banding together to face China because the US is becoming more and more unreliable as a protectorate. China has also in the last three years threatened to use the ‘nuclear option’ on the Dollar as well. Middle East nations talk about replacing the Dollar to break America’s global hegemony. Add this to Russia saying it could reduce itself to zero dependency on America just a couple weeks ago, and now an alternative credit payment system. However, Visa and MasterCard replacement is no longer just talk and is actually underway (like the BRICs cable), which will have a sizeable effect.
Fact is, in the bigger scheme of things, the world is getting fed up with America’s now-corrupt leadership which is abusive and drunken off its own power, is looking to isolate it and send it back into the stone age. The sanctions were not very well thought out as there doesn’t seem to be an exit strategy, as some would argue with Bush’s wars in the Middle East. America is shooting itself in the foot as it playing checkers with Putin — on a Russian rubicon game board. It could’ve also very well been Russia’s long-range strategic plan since the 60’s and earlier to, over the years, integrate itself with the U.S. so much that it could gain economic leverage and destroy the economy overnight if it wished. Much like the CCP in China, the ruling Russian oligarchy doesn’t care about its citizens anyways, which makes it more plausible.
BERLIN — Prime Minister Stephen Harper and German Chancellor Angela Merkel say they are united in their view that Russia has grossly violated Ukrainian sovereignty by annexing the Crimean peninsula.
Following a meeting Thursday between the two G7 leaders, Harper also opined that chances are slim that Russian President Vladimir Putin could ever be welcomed back to the G8.
The G7 nations — the U.S., Canada, Britain, Germany, France, Italy and Japan — effectively booted Russia from the G8 earlier this week over its annexation of Ukraine’s Crimean peninsula following a pro-Western uprising.
“He has not desired to be a partner, he’s desired to be a rival, and that’s just the reality that we have to come to terms with,” Harper told a news conference following his meeting with Merkel.
“I don’t see any way of a return for Mr. Putin to the table unless Russia fundamentally changes its course.”
To soften the impact of U.S., EU and Canadian sanctions, President Vladimir Putin said on Thursday that Russia would develop its own credit card system to reduce reliance on Western-based companies.
Putin voiced his support for plans described by senior officials to create a domestic-based system in response to restrictions placed on Russian banks last week by Visa and MasterCard, which are widely use by Russians.
“We certainly must do this and we will do it,” Putin told senior Russian lawmakers during a meeting that mainly focused on efforts to integrate the Crimea region after he signed legislation to make it part of Russia last week.
“It is really too bad that certain companies have decided on … restrictions,” Putin said, without naming Visa or MasterCard. “I think this will simply cause them to lose certain segments of the market – a very profitable market.”
Russia has been largely integrated into the global economy since the 1991 collapse of the communist Soviet Union, but the biggest confrontation since the Cold War has led officials to look for ways to reduce reliance on the West.
Full article: Putin a rival who is not welcome back to G7, says Harper as Russia looks to replace Visa with its own credit cards (National Post)