Sunday, November 9, 2014

2014-11-09 Cold War 2.0: A currency/banking war

At stake are survival of the US Dollar and US domination of the world's financial system...  In nations that yielded to the US, banks were vested with the bankster status... above the law! Israel is a prime example...
On the ground Cold War 2.0 has flared more recently in Ukraine, in mutual accusation regarding responsibility for downing MH17, in tests of nuclear systems in both US and Russia, etc.  (Chomsky issued a statement that the current nuclear confrontation is endangering the world).
But the underlying issues are currencies and banking.
FATCA is one of the early foundations of Cold War 2.0, which is a currency and banking war in its essence.  Nations, like Israel, which yielded to FATCA, accepted submission to the corrupt US banking system and the US government.
The opposing foundation is in the formation of the BRICS group.  With it came the establishing of a new world bank last summer in Rio, to rival the one dominated by the US, objection to the IMF in principle, denomination of major gas deals in non-USD currencies, issuance of new bank cards by China and Russia, tours by both Putin and the Chinese president last summer in Latin American nations (US back yard... Monroe...) and promises of assistance, particularly to Argentina - victim of US banking/court fraud of medieval style and proportions, and to Cuba - regarding the development of an under sea oil field, which the US had blocked...
The BRICS nations also plan to dispose of USD as a reserve currency.
What is at stake is the survival of the USD.  Absent its position as an international reserve and energy currency, it is doubted that it can maintain its value, or even close to it...
The position of Europe is critical in Cold War 2.0.  And it does not look like the US would be able to dominate it as in the past, except for the UK, a routine lackey...  For example, the US is pressuring EU to sanction and isolate Russia, but a couple of weeks ago 50 heads of state, including Putin appeared in Milano for the "Eurasian Summit". US and Israel were of course not there...  The event was hardly covered by Israeli media, not clear to me to what degree it was covered by US media at all... (I copied the closest that I could find from the Washington Post above).
FATCA established the nations that yielded to the US in this currency/banking war.  In return, the banks of these nations were offered the bankster status -  above the law of the land...
Israel is a perfect example:
A recent article (could not find in English) reviewed the situation in detail, and explains that Bank of Israel issued no regulations. Banks were given by Bank of Israel a free hand to implement FATCA whichever way they see fit...
In parallel there are more on more reports of corruption of the banking system in Israel - US-style: starting from fraud on consumers in the courts, and ending with massive banking fraud cases (the latest - Bank Leumi), where no executive is held accountable...
Stanley Fischer was of course a key figure in this respect, in submitting Israel to FATCA.  He also established a policy of high volume USD purchase, basically betting the Israeli reserve on the USD... (and in his tax statements for the Fed appointment, it turned out that he had substantial holding in the financial firm that he delegated the management of the Israeli UDS purchases and reserves...)
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BRICS heads of state at the signing of the agreement on new world bank in Rio, this summer.
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Leaders pose for the family photo during the10 ASEM Summit with 50 Heads Of State From Europe And Asia on October 16 2014 in Milan ItalyThe...
GETTY IMAGES
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US Treasury pressures overseas banks with ‘financial imperialism’ over tax evaders

Published time: November 08, 2014 04:52
Reuters/Kim Hong-Ji
Reuters/Kim Hong-Ji
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חשבונות בנק של תושבי חוץ הוקפאו לאחר שסירבו להצהיר כי שילמו מס במדינתם

בעוד שארה"ב כבר הסדירה חוקים נוקשים לגבי המידע שהיא דורשת מבנקים בעולם על החשבונות של אזרחיה, שאר מדינות המערב עדיין נמצאות באמצע הדרך ■ בינתיים, בהיעדר בסיס משפטי מוצק, 
הבנקים בישראל מגבשים מדיניות עצמאית מול לקוחותיהם תושבי החוץ

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2014-10-21 RUSSIA: Unique inside view of the Russian perspective on Cold War 2.0, US sanctions, Ukraine, US Dollar, US banking...
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Unique video from Russia, interview with top Putin economic advisers, with full English subtitles. They represent the school named "Eurasian Sovereignty".
* The US economy and US economic/financial system are in a deep crisis
* The US policy is to export its economic/financial crisis, and weaken its allies.
* Standard of living is declining for people in the US and allied nations.
* The main instrument in such destructive policies: a) Dominance of the US Dollar and US financial system, which enables the US to determine the profits of other nations. b) Creating military chaos, under the guise of protecting world security, and demanding payment from its allies for such services...
* Resistance is building up across the international board, including China and EU, but Russia is presently the only one who is openly resisting such US policies, because of the US aggression in Ukraine. As a result Russia is suffering from US retaliation. EU is unlikely to dare to stand up to US pressure and lift the sanctions.
* Russia is deficient in offering an alternative economic model: Czarist Russia relied on the Orthodox/Christian/biblical model; Communist USSR relied on the Marxist egalitarian model. Now Russia officially advocates a liberal, western style economic model. But that model is failing in the West. There is an urgent need to develop an alternative model.
* Russia must develop an alternative financial system to counter the US controlled US Dollar and dominance of the US banking/financial system. It was premature to conceive such a move 10 or 20 years ago, but now is the time!
Trust not in princes, nor in the children of men, in whom there is no safety. His breath shall go forth, and he shall return to his earth; in that day all his thoughts shall perish.
V

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