The World Is Ganging up Against the Dollar

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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

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.

 

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(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

Barack Obama may have finally destroyed America’s #1 advantage

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In July 1944, just weeks after the successful Allied invasion of Normandy, hundreds of delegates from around the world gathered in Bretton Woods, New Hampshire to determine the future of the global financial system.

The vision was simple: America would be the center of the universe, and every other nation would revolve around the US.

This arrangement ultimately led to the US dollar being the world’s dominant reserve currency which still remains today. Continue reading

China seen targeting banks, military in Forbes web attack

A Chinese hacking group infiltrated the Forbes.com site in November and used it to launch targeted attacks against website visitors from U.S. banking and defense companies, a cybersecurity company said on Tuesday.

The attack took place over a period of several days, starting Nov. 28, and took advantage of unpatched vulnerabilities in Adobe Flash and Microsoft Internet Explorer 9, according to ISight Partners. The vulnerability was kept quiet until Tuesday, when Microsoft issued a patch to plug the security hole in its web browser. Adobe had previously published a patch for Flash. Continue reading

Russian hackers used flaw in Microsoft Windows to spy on NATO, a new report says

WASHINGTON — A Russian hacking group probably working for the government has been exploiting a previously unknown flaw in Microsoft’s Windows operating system to spy on NATO, the Ukrainian government, a U.S. university researcher and other national security targets, according to a new report.

The group has been active since at least 2009, according to research by iSight Partners, a cybersecurity firm. Its targets in the recent campaign also included a Polish energy firm, a Western European government agency and a French telecommunications firm.

“This is consistent with espionage activity,” said iSight senior director Stephen Ward. “All indicators from a targeting and lures perspective would indicate espionage with Russian national interests.” Continue reading