Another Step Towards Collapse of Petrodollar

Note: Please see the source for currency swap agreements chart.

 

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For the past year and half a major topic throughout the alternative press has been the new Chinese oil futures contract settled/priced in yuan. The fact that China is directly challenging the Federal Reserve Note, U.S. dollar, is quiet a significant change. For those that have been paying attention this new futures oil contract is nothing more than the next step in China moving completely away from the Federal Reserve Note, and the “world reserve currency” system and towards a multi-polar world with several currencies being used for international trade.

Military Reforms Bolster Russian Army to ‘Unprecedented Levels’

This is precisely why Russia can claim such things as the ability and need to invade Europe as far as Poland within 30 minutes before NATO planes could even take off.

Meanwhile, on the Western front, the free world has lost a leader as the American military suicides itself and Americans continue to be sold New Lies for Old.

 

 

As Russia has been carrying out airstrikes in Syria on terrorist targets, launching strategic bombers, and holding operability tests every several weeks, the US has started to “beat the alarm” over the country’s defense capabilities, according to Der Spiegel.

United States Army in Europe Commanding General Ben Hodges said that he has “strong concerns” over the Russian air defense systems and anti-ship missile complexes which can deny access to larges swaths of areas. He pointed out that in case of conflict, Russia could create a defense zone over the Black Sea, keeping NATO away from Russia.

Red scare: Blind Chinese dissident claims Chinese communist conquest of U.S. academia

Blind Chinese dissident Chen Guangcheng has now released a statement concerning his allegations that New York University is severing relations with him to curry favor with China’s oppressive Communist government and assure completion of a gleaming portal campus in Shanghai.

The statement, obtained Sunday night by The Daily Caller, is a humdinger. In addition to squarely accusing NYU of caving to Chinese pressure, the self-taught lawyer and famed human rights activist charges that a large number of American academics and academic institutions have become wrapped in the tentacles of China’s communist government.

“The work of the Chinese Communists within academic circles in the United States is far greater than what people imagine, and some scholars have no option but to hold themselves back,” Chen said. “Academic independence and academic freedom in the United States are being greatly threatened by a totalitarian regime.”