Iran Sanctions Are Damaging The Dollar

Iran

 

Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread disagreement over the policy. Yet, we are only in the first few chapters of what may ultimately be a long story that ends with the erosion of the power of the U.S. dollar.

The role of the greenback in the international financial system is the reason why the U.S. can prevent much of the world from buying oil from Iran. Oil is traded in dollars, and so much of international commerce is based in dollars. In fact, as much as 88 percent of all foreign exchange trades involve the greenback. 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

‘Ring of Fire’ Sees 144 Major Earthquakes in a Week

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(Photo Credit: Astroskiandhike via Creative Commons 4.0)

 

Attention is turning to the potential for a West Coast ‘big one’ hitting California, Oregon, or Washington.

The Pacific Ocean’s “Ring of Fire” has seen 144 major earthquakes—those in excess of magnitude-4.5 intensity—in the past week as concern grows that another “big one” could be coming soon. Continue reading

America Is Not Ready for Exploding Drones

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Venezolana de Television via AP

 

An apparent assassination attempt in Venezuela shows how technology is moving faster than governments can counter it.

Venezuelan President Nicolas Maduro was intoning something about economic renewal, flanked by his wife and a handful of high officials, in a country gripped by poverty, starvation, and shortages. Then, in a moment broadcast live on television that has since gone viral, his wife’s face changed. For an instant she seemed to duck as she reached for the official next to her; Maduro glanced up with apparent concern. The camera panned to the National Guardsmen in formation on the street before him as dozens suddenly started running. According to the government and witnesses, they had seen explosions in the sky. Continue reading

Questions surround claims of drone assassination attempt on Venezuela’s Maduro

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Screen grab from video shows security detail shielding President Nicolas Maduro after what was reported by the Venezuelan government as a drone attack assassination attempt.

 

Venezuelan President Nicolas Maduro is likely to use what he said was an attempt on his life to purge his socialist government of disloyal officials and further restrict liberties, an analyst said.

Maduro’s government said the president survived an assassination attempt on Aug. 4, claiming explosions heard during a military event that was broadcast on live TV were drone attacks.

Three officials who spoke on condition of anonymity say the incident was actually a gas tank explosion inside a nearby apartment building, The Associated Press reported. Continue reading

Maduro admits failure: ‘No more whining . . . We need to make Venezuela’ (great again)

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During a speech in which the power went out while he was on live television, Venezuela’s socialist president admitted his economic model has “failed.”

“The production models we’ve tried so far have failed and the responsibility is ours, mine and yours,” President Nicolas Maduro told his ruling PSUV party congress on July 30. Continue reading

IMF: Venezuela’s inflation could top 1 million percent by end of 2018

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One million Venezuelan bolivar is today worth just over $8.

 

Inflation in Venezuela could top 1 million percent by the end of this year, according to the International Monetary Fund (IMF).

Shortages in food, water, medicine and electricity, as well as high crime, plague millions of Venezuelans, said Alejandro Werner, head of the IMF’s Western Hemisphere department. Continue reading

The U.S. Dollar: A Victim of Its Own Success

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America’s most powerful weapon of war does not shoot, fly or explode. It’s not a submarine, plane, tank or laser. America’s most powerful strategic weapon today is the dollar.

The U.S. uses the dollar strategically to reward friends and punish enemies. The use of the dollar as a weapon is not limited to trade wars and currency wars, although the dollar is used tactically in those disputes. The dollar is much more powerful than that.

The dollar can be used for regime change by creating hyperinflation, bank runs and domestic dissent in countries targeted by the U.S. The U.S. can depose the governments of its adversaries, or at least blunt their policies without firing a shot. Continue reading

Coup Attempt in Caracas

 

CARACAS/BERLIN (Own report) – Serious allegations are being raised against a partner cooperating with Germany’s Friedrich Naumann Foundation (FDP) in the context of an attempted putsch: The US Bloomberg news agency has reported that opposition officers had planned to storm the presidential palace in Caracas, capture President Nicolás Maduro and stop the May 20 presidential elections. The conspiracy was discovered and several putschists were arrested in mid-May. According to Venezuela’s military prosecutor’s investigations, an opposition politician María Corina Machado was involved in the attempted coup. Machado, who is said to be very popular within the military, denies the allegations. She is the leader of the “Vente Venezuela” party, which joined the “RELIAL” network last fall. The network was initiated and is backed by the Friedrich Naumann Foundation (FDP) and includes several parties who, in the past, have overthrown or attempted to overthrow democratically elected governments, for example in Honduras (2009) and in Paraguay (2012).

Continue reading

U.S. withdraws from ‘self-serving’ UN Human Rights Council

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U.S. Ambassador to the UN Nikki Haley

 

The United States on June 19 said it withdrew from the UN Human Rights Council after an unsuccessful effort to reform the council.

When a so-called Human Rights Council cannot bring itself to address the massive abuses in Venezuela and Iran, and it welcomes the Democratic Republic of Congo as a new member, the council ceases to be worthy of its name,” U.S. Ambassador to the UN Nikki Haley said.

Haley said the “self-serving” council “in fact, damages the cause of human rights.” Continue reading

Iran-Backed Terrorists Infiltrate Latin America

 

Terrorists and other criminals are laundering $43 billion a year in the Tri-Border Area.

An Iranian-backed terrorist group is laundering money in the Tri-Border Area of Latin America, according to a report published Tuesday. Such illicit activities in the region straddling the intersection of Argentina, Brazil and Paraguay have long been a source of concern for United States security officials. Continue reading

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. Continue reading

Gold Leaving US Vaults: Signs of Upcoming Currency War and Armed Conflict

Gold Leaving US Vaults: Signs of Upcoming Currency War and Armed Conflict

 

The Turkish government has made the decision to repatriate all of its gold reserves that are currently housed in the US Federal Reserve System (FRS). Overall Turkey was storing 220 tonnes, valued at $25.3 billion, in the US, which it repossessed on April 19, 2018.

Turkey’s President Recep Tayyip Erdogan has toughened his stance against the US dollar (USD), declaring that international loans should be made in gold instead of the American currency. Ankara is seeking to reduce dependence on the US financial system. The gold’s homecoming was partly prompted by the US threats to impose sanctions if Turkey goes through with the signed deal to purchase Russian S-400 missile defense systems. Continue reading

‘Breathtaking homicidal violence’: Latin America in grip of murder crisis

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An activist paints the silhouette of a murder victim at the Coque slum in Recife, Brazil. The report’s authors fear voters may look to strongman-style populists to solve the crisis. Photograph: Eraldo Peres/AP

 

Region has experienced 2.5 million murders since 2000 and report paints bleak picture of extreme violence and deteriorating security

Latin America has suffered more than 2.5m murders since the start of this century and is facing an acute public security crisis that demands urgent and innovative solutions, a new report warns.

“The sheer dimensions of homicidal violence are breathtaking,” says the report by the Igarapé Institute, a Brazil-based think tank focused on security and development issues. Continue reading

Turkey Will Repatriate All Gold From The US In Attempt To Ditch The Dollar

 

After VenezuelaGermanyAustria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, this morning Turkey also announced that it has decided to repatriate all its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange, according to reports in Turkey’s Yeni Safak. It won’t be the first time Turkey has asked the NY Fed to ship the country’s gold back: in recent years, Turkey repatriated 220 tons of gold from abroad, of which 28.7 tons was brought back from the US last year.

According to the latest IMF data, Turkey’s gold reserves are estimated at 591 tons, worth just over $23 billion. This makes Ankara the 11th largest gold holder, behind the Netherlands and ahead of India. Continue reading