Iran Sanctions, Emerging Markets And The End Of Dollar Dominance

https://www.birchgold.com/wp-content/uploads/spending-8-14-18-1.png

 

 

The trade war is a rather strange and bewildering affair if you do not understand the underlying goal behind it. If you think that the goal is to balance the trade deficit and provide a more amicable deal for U.S. producers on the global market, then you are probably finding yourself either confused, or operating on blind faith that the details will work themselves out.

Case in point, the latest reports that the U.S. trade deficit is now on track to hit 10-year highs, after a 7% increase in June. This is the exact opposite of what was supposed to happen when tariffs were initiated. In fact, I recall much talk in alternative media circles claiming that the mere threat of tariffs would frighten foreign exporters into balancing trade on their own. Obviously this has not been the case. Continue reading

The World Is Ganging up Against the Dollar

https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2018/08/shutterstock_1141332971.jpg

Shutterstock

 

The U.S. has been highly successful at pursuing financial warfare, including sanctions. But for every action, there is an equal and opposite reaction.

As the U.S. wields the dollar weapon more frequently, the rest of the world works harder to shun the dollar completely.

I’ve been warning for years about efforts of nations like Russia and China to escape what they call “dollar hegemony” and create a new financial system that does not depend on the dollar and helps them get out from under dollar-based economic sanctions.

These efforts are only increasing. Continue reading

Europe Is Working On Alternative To SWIFT For “Financial Independence” From The US

https://www.zerohedge.com/sites/default/files/inline-images/heiko%20mass.jpg?itok=vgZp-573

German foreign minister Heiko Maas

 

In the aftermath of a report that Germany was working on a global payment system that is independent of the US and SWIFT, on Monday Germany and France said they’re working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks, Bloomberg reported.

“With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of U.S. extra-territorial sanctions,” French Finance Minister Bruno Le Maire said Monday during a meeting with press association AJEF. “I want Europe to be a sovereign continent not a vassal, and that means having totally independent financing instruments that do not today exist.”

The discussions, which also involve the U.K., are a signal that European powers are trying to get serious about demonstrating a greater level of independence from the U.S. as President Donald Trump pursues his “America First” agenda. Continue reading

The Tectonic Plates of Geopolitics Are Starting to Shift

The United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion.

These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures.

In addition, thousands of individuals from scores of countries are included in the Treasury Department’s list of Specially Designated Nationals who are effectively blocked from the U.S.-dominated global financial system. Many of those designated are either part of or closely linked to their countries’ leadership…

But in recent months it seems that America’s unwavering commitment to fight all of the world’s scourges has brought all those governments and the wealthy individuals who support them to a critical mass, joining forces to create a parallel financial system which would be out of reach of America’s long arm. Should they succeed, the impact on America’s global posture would be transformational.

– From the recent article: The Anti-Dollar Awakening Could Be Ruder and Sooner Than Most Economists Predict

The peak of American empire has already come and gone, a reality not yet widely appreciated due to the continued dominance of the global financial system by the U.S. dollar, still the world’s preeminent reserve currency. U.S. leaders have always used the USD as a weapon, but it’s only in recent years that geopolitical rivals and long-standing allies alike have started to come to an increasingly vocal understanding that the unipolar role played by the U.S. in the world’s centralized financial system is well past its expiration date. Continue reading

Germany Wants to Dump Dollar, SWIFT System

As Global Geopolitics has noted for years, Bible prophecy tells you where relations between both America and Germany are heading. No book or news outlet is as up-to-date as the Bible.

 

https://image.zype.com/593087b25d3c19148e001735/5b7d5f5714edba144b00beaa/custom_thumbnail/1080.jpg

(Photo Credit: Society for Worldwide Interbank Financial Telecommunication)

 

This would be the first tangible sign of Berlin breaking away from Washington.

In a move meant to “strengthen European autonomy” in the wake of the U.S. walking away from the 2015 Joint Comprehensive Plan of Action nuclear deal with Iran and its opposition to the Nord Stream 2 pipeline project, Germany’s government is seeking an end to the dollar’s dominance as a global exchange currency.

Continue reading

Shooting War With China More Likely Than You Think

https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2018/08/shutterstock_1055435138.jpg

(Shutterstock)

 

The mainstream media narrative about the U.S.-China trade war implies that Trump is on a highly damaging ego trip and China holds all the cards.

The exact opposite is true. Continue reading

Russia Finance Minister: We May Abandon Dollar In Oil Trade As It Is Becoming “Too Risky”

Breaking the tie between oil and the U.S. Dollar means the collapse of the U.S. Dollar as the world reserve country. Collapsing of the U.S. Dollar as world reserve currency means the collapse of America. Ghadaffi attempted it, as well as Saddam Hussein and look how that worked out for them. Iran, Syria, China, Russia all want to. Economic warfare always precedes a hot war, in case you were wondering what’s around the corner.

 

https://www.zerohedge.com/sites/default/files/inline-images/TIC%20Russia.jpg

 

One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bonds in just two months, March and April.

And with the US threatening to impose a new set of “crushing” sanctions on Russia, including in retaliation for the alleged Novichok nerve gas attack in the UK, Russia not only intends to continue liquidating its US holdings, but to significantly reduce its reliance on the US Dollar. Continue reading

Erdogan Warns Trump That Alliance Is at Risk as Tensions Climb

https://images.assettype.com/bloombergquint%2F2018-08%2Fdef71f5e-2e13-4b07-ba3d-cc769a6b3b6f%2F329213452_1_3.jpg

U.S. President Donald Trump, left, walks with Recep Tayyip Erdogan, Turkey’s president, ahead of an event in in Brussels, Belgium. (Photographer: Marlene Awaad/Bloomberg)

 

(Bloomberg) — Turkey’s President Recep Tayyip Erdogan warned the U.S. that its decades-long alliance with the country is at risk after rising political tensions between the two nations erupted and helped stoke a financial crisis that shook global markets.

Erdogan, in an editorial Friday in the New York Times, cited Turkey’s cooperation with the U.S. dating back to the Cuban missile crisis and the Korean War as evidence of a long-standing partnership between the NATO allies. But he added that more recent disputes over a failed 2016 coup, the conflict in Syria and sanctions imposed this week against top Turkish officials and the country’s steel industry were straining that alliance to its breaking point.

“Before it is too late, Washington must give up the misguided notion that our relationship can be asymmetrical and come to terms with the fact that Turkey has alternatives,” Erdogan wrote. “Failure to reverse this trend of unilateralism and disrespect will require us to start looking for new friends and allies.” Continue reading

Report: Cracks Forming in Chinese Leadership Over Trade War

https://image.zype.com/593087b25d3c19148e001735/5b6c95c55d363d236d00067d/custom_thumbnail/1080.jpg

(Photo Credit: The Kremlin/www.kremlin.ru)

 

One of Xi Jinping’s closest advisers is now on the hot seat in Beijing.

A new report today published by Reuters states that sources inside the Communist Party of China indicate the party’s leadership is growing increasingly divided over President Xi Jinping’s approach to the current trade war with the U.S.

The article focuses much of the internal consternation with Xi’s “ideology chief,” strategist Wang Huning, a prominent and influential academic whose “strident views on Chinese power” has attracted favor within several quarters of the CPC, but has also come under attack. He is also responsible for the “China Dream” espoused by Xi at the most recent party congress. Continue reading

Russia’s Medvedev: U.S. declares war on us

https://i2.wp.com/vestnikkavkaza.net/upload2/2018-08-10/15338881215b6d46799befb6.53066755.jpeg

 

The possible tightening up of U.S. economic sanctions against Russia may be treated as a declaration of economic war, which must be responded by all economic, political and other means possible, Russia’s Prime Minister Dmitry Medvedev said during his visit to the Far Eastern Kamchatka Peninsula.

During his visit to the Kronotsky State Nature Reserve, Medvedev was asked what sanctions could be imposed on Russia in the future and how they can affect the country’s economy.

“I would like not to comment on the talks about future sanctions, but there is one thing I can say: if measures like a ban on banking activities or the use of this or that currency follows, this can be clearly be described as a declaration of an economic war. And this war will have to be responded – by economic, political and, if necessary, other means. And our American partners should realize this,” TASS cited the PM as saying.

Continue reading

Iran ‘REVOLUTION IS COMING’ as 100,000 rush to streets chanting ‘DEATH to dictator’

https://cdn.images.express.co.uk/img/dynamic/78/590x/iran-news-1000562.jpg

Iran news: An expert has warned Iran is on the brink of a revolution (Image: P.M.O.I.)

 

IRAN is on the brink of a “revolution”, an expert has warned, as furious protestors take to the streets in their thousands to chant “death to the dictator”.

Tensions have reached boiling point in the Middle East nation after US President Donald Trump slapped Iran with tough economic sanctions aimed at further undermining the Islamic fundamentalist republic

Measures which target cars, gold and other metals trading, as well as the government’s ability to buy US dollars, came into force on Monday. Continue reading

China Taunts The US: “We Will Survive Your Trade War”

https://www.zerohedge.com/sites/default/files/inline-images/chinavsus.jpg?itok=dvfwZKfs

 

As tariffs are added and prices go up on goods and services to combat increasing government regulation of the economy, China insists it can handle a trade war with the US.  Of course, they can; since American consumers are going to be ones footing the bill for this horrific idea. Continue reading

EU Threatens Sanctions on Its Own Companies If They Side With the US

https://image.zype.com/593087b25d3c19148e001735/5b6af0c63efb04131a0016cb/custom_thumbnail/1080.jpg

(Photo Credit: Cabinet of Ukraine)

 

The confederation does about $9.7 billion in trade annually with Iran.

The European Union’s foreign policy chief warned businesses on the continent that they risk sanctions from the confederation if they dare break and abide by new U.S. sanctions against Iran, all but confirming what President Donald Trump said about the 2015 Joint Comprehensive Plan of Action nuclear deal. Continue reading

Ahmadinejad Urges End To US Dollar Hegemony: “Current [World] Order Needs To Change”

https://www.zerohedge.com/sites/default/files/inline-images/5b6981c0fc7e93231c8b456b.jpg

 

As US re-imposes sanctions on Iran, former two-term Iranian President Mahmoud Ahmadinejad has spoken out against the current US hegemony.

As RT notes, Ahamdinejad says the dollar is one of the major pillars of US dominance over global finance and trade; calling for change in the current world order. Continue reading

The Trade War Between the US and China Just Got Personal

https://image.zype.com/593087b25d3c19148e001735/5b68643ec6650d133f00a26b/custom_thumbnail/1080.jpg

(Photo Credit: Michael Vadon/CPAC)

 

Beijing’s state-run media unleashed a barrage of personal attacks against President Trump today.

As the trade war between itself and the Trump administration, Beijing got personal today, calling President Donald Trump “arrogant” and “deceitful” before vowing to “fight to the end,” and claiming the U.S. will only hurt itself. Continue reading