RSS
Haha.
RT:
US sanctions are pushing many countries to seek alternatives to the dollar for settlements, Treasury Secretary Janet Yellen admitted during her annual appearance on Tuesday before the House Financial Services Committee to discuss the state of the international financial system.
Asked about the risk of de-dollarization, Yellen acknowledged that the use of the dollar in the global economy is diminishing.
“It’s not surprising that countries that are fearing they can be affected by our sanctions are looking for alternatives to the dollar. It’s something that we simply have to expect,” she stated.
Hahahahahahaha.
Asked by Congressman Vicente Gonzalez whether the US should lower the use of sanctions in its foreign policy given that even traditionally allied countries, such as France, have been making non-dollar transactions, Yellen stated that for most countries she sees “no meaningful workaround” to using the dollar. She acknowledged that there is a growing diversification away from the greenback within global reserve assets but stated her belief that the dollar is likely to retain its status as the dominant currency.
“We should expect over time a gradually increased share of other assets in reserve holdings of countries – a natural desire to diversify… But the dollar plays the role it does in the world financial system for very good reasons that no other country is able to replicate… It will not be easy for any country to devise a way to get around the dollar,” Yellen stated. She noted that among the dollar’s major strengths are “deep liquid open financial markets, strong rule of law and an absence of capital controls,” which, according to Yellen, “no country is able to replicate.”
The power of the US dollar is the power of the US military.
The reverse is also true.
Both have fallen on some very hard times.
It’s an incredible admission from Yellen on some level, but it is also incredible that this would be downplayed. Most of the world – 85% of its population – has refused to go along with the Russia sanctions. China, the world’s leading economy, is now the de facto power center of most of the world.
The scale of this is hard to even state.
What is incredible is how quickly it is happening.
The Ukraine war is less than a year and a half old.
The hilarious thing is that the sanctions didn’t even do anything to hurt Russia. They hurt the West. Russia’s economy is doing great.
If it wouldn’t have been for the sanctions, the world mostly would have tolerated the war. But as Yellen says, every country is thinking “what if I’m next?” They are also seeing the fact that with China’s support, Russia is doing fine, despite having been banished from the “international community.”
English
Arabic
Chinese (Simplified)
Dutch
French
German
Hebrew
Hindi
Italian
Japanese
Korean
Persian
Polish
Portuguese
Russian
Spanish
Swedish
Turkish
Vietnamese
Tikkun Olam. The Guiding Principle-destruction and degradation of humanity and the World extant-of Talmudic Jews (active or passive who do not object and tacitly endorse).
“To preserve the social order” – says your local rabid.
Did the Russians blow up the dam?
I appears the dam operation may have given the Russians a slight advantage in the reservoir area. The lake has drained back to the normal channel now. Quite a large mud flat that can’t be traversed without hovercraft. If the Ukies were planning a semi-amphibious strike across the water in the lake that is not possible now. So on balance the blown dam has resulted in a clear Russian advantage along the river. So perhaps this was the doing of Shoigu. Decisive Civil Engineering of the battlefield.
Miskeit Yellen has only half of it right. What she is not openly admitting to is that the BRICS countries are going to bring down this whole Jewconomic system. It is way more than sanctions against Russia.
Just like a boxer boosting his rank and image through fighting bums. You beat up on third-world army in a sandbox who just emerged from a decade of war— e.g., Iraq. As former CIA guy Larry Johnson called it, “Beating up kids in wheelchairs”.
But it is also important to choreograph it for the benefit— or rather lesson— of others. So you need a televised overkill with weapons carrying nose cone live-video transmission, etc.
The whole thing is more obscene than in the movie Wag the Dog because you essentially slaughter people to keep your ranking and image. To paraphrase Yogi Berra, if our Founding Fathers were alive to see this they’d be rolling over in their graves.
The hilarious thing is that the sanctions didn’t even do anything to hurt Russia. They hurt the West. Russia’s economy is doing great.
Michael Hudson says:
https://www.unz.com/mhudson/us-economy-surprisingly-resilient-or-potemkin-village/
Did Putin Hire Black African Ivy Leaguer Nigerian Scam Artist Wally Adeyemo To Boost The Russian Financial Position?
Who Hired Wally?
Putin Has Strategically Used Black African Nigerian Scam Artist Ivy Leaguer Wally Adeyemo To Turbocharge Russian Financial Strength.
Russkie Bastard Putin Weaponizes Black African Nigerian Scam Artist Ivy Leaguer Wally Adeyemo.
All Putin Is Saying Is Give Black African Nigerian Scam Artist Ivy Leaguer Wally Adeyemo A Chance.
Globalizer geezer boy crooked crook Joe Biden has put a Nigerian scam artist crook named Wally Adeyemo in charge of the Russia shakedown.
Wally Adeyemo is the US Deputy Secretary of the Treasury and Wally Adeyemo is a lantern holder in good standing for the JEW/WASP Ruling Class of the American Empire.
This Nigerian Wally Adeyemo has been grifting and grabbing loot from the Obama Foundation and BlackRock and Larry Fink and one of the front groups for the Clinton Organized Crime Syndicate called the Hamilton Project.
Wally Adeyemo was also the lead negotiator for Obama’s sovereignty-sapping globalizer scam called the Trans-Pacific Partnership(TPP). Biden is bringing the TPP back to life because geezer boy Biden loves sovereignty-sapping scams and crooked deals like that.
Strong rule of law. Yeah like Article 41.
As Hunter would say, You stupid cdunt.
Like most affirmative action appointments, he is not making any of the decisions and is not in charge. The endless affirmative action does however still damage America, the increasing costs to pay for these useless eaters and the difficulty to get things done with these people around does keep adding up.
Anglin is desperate to confirm his own biases. It’s not “Da Joooooo” Anglin. It’s the stupidity of the uniparty that has drubbed the economy. Parasites have the tendency to do that. The reckoning for the foolishness is in the near future.
Yep, I think this is clearly more about punishing Europe (and in particularly Germany) than Russia.
If Germans had any sense, they would leave this BDSM relationship with the US.
Not even in Japan it’s that bad (or at least Japan resists better the pressure).
Sure, because all those jews overwhelmingly represented in both the government and corporate sides of US finances having nothing to do with it.
Only jews spell out “daa joooss”
In the words of the great Madeline Albright, it’s worth it. As the leader of the free world we must stand firm on our principles to bring freedom to all four corners of the world: freedom to consume, drink, do drugs, gamble, fornicate with anything with 2 legs or 4 and regardless of age, commit crime without consequence.
Freedom is not free. Some things are more important than money, like planting a pride flag in every country. We must live and die for Pride!
Jim Rickards says idea of dollar going dodo brings up the question of what the dollar is compared to in regards to other currencies and gold.
I say Federal Reserve Bank Chairman Jay Powell left the federal funds rate at 5 percent today — June 14, 2023 — and that Powell did that to keep the BIG FAT UGLY ASSET BUBBLES in stocks and bonds and real estate bubbling like a bastard.
Fed Chairman Jay Powell should use the six-ten-twenty federal funds rate hike system to implode the asset bubbles and extinguish inflation. Powell should hike to 6 percent federal funds rate and then pause for a day or so; after the slight pause Powell should raise to ten percent federal funds rate. Powell should then proceed to his bunker to escape the rage of the rancid billionaire scumbags and the White Upper Middle Class Snot Brats and the White geezers born before 1965 and then Powell should go FULL VOLCKER to TWENTY PERCENT FEDERAL FUNDS RATE.
The dollar will go up against other currencies when Federal Reserve Bank Chairman Powell goes FULL VOLCKER to TWENTY PERCENT federal funds rate.
FROGGY SAY DOLLAR GLOBAL RESERVE CURRENCY IS EXORBITANT PRIVILEGE
So-called “White privilege” is a propaganda scam designed to stop Whites from advancing and defending their interests as Whites and “White privilege” is a fake phony fraud.
“Dollar Privilege” is real and actionable and interference with it brings military death from above and gunboat diplomacy and sanctions to keep the delightful dollar as global reserve currency.
The globalized Federal Reserve Bank uses dollar swaps and bond buying and mass liquidity creation schemes and the electronic creation of dollars and other things to keep the dollar party going.
I would like to see the Federal Reserve Bank go FULL VOLCKER and raise the federal funds rate to twenty percent to extinguish inflation and to obliterate the asset bubbles in stocks, bonds and real estate.
At twenty percent federal funds rate, dollar denominated debt financing will bring on BELLY UP scenarios for many nations and it would prop up the dollar and the claims of ODIOUS DEBT will be made by new governments that repudiated the debt contracted by toppled governments.
Yeah, I think I should start putting money away in a cookie jar.
They’re too busy studying the Torah!
Yes, but some of the smartest, strongest and sanest voices are Jews. Jeffrey Sachs, Glenn Greenwald, Ron Unz, Max Blumenthal, et al.
In the present time we find ourselves in the truth has been so twisted and contorted for simplistic and facile explanations which are not only unhelpful but muddies things.
What is happening is being underestimated. Remember when Biden traveled to Saudi Arabia to ask for more oil because of the war with Russia. And we must remember how the media criticized Biden for shaking hands with the Saudi Prince for having ordered the killing of a journalist. In the end, Biden did not shake his hand and the media applauded. And with that they offended the prince.
The Saudi prince did not like that because Biden must have participated in orders to kill thousands of human beings and that is why the media does not consider him a criminal.
The world is getting tired of racism and double standards.
Justice delayed but justice done.
Video Link
The US ambassador to South Africa who made weapon smuggling allegations between SA and Russia looks as if he’s wearing Nation of Islam regalia, including bowtie and hipster intellectual glasses. Afroreich wing of the empire!
“The rule of law.” That’s funny. Relative to most other countries perhaps but declining.
Sir Richard Francis Burton’s Wanderings in West Africa, written more than a century ago, tells of the West Africans around Lagos running shakedown scams against newly arrived Englishmen. The English enacted laws protecting the natives that the coastal Africans immediately turned against the English. The French and Portuguese, however, had no such problems because they had no qualms over dealing with with West African savages like Wally by matching African savagery in kind.
Nigeria used to be either the most corrupt nation on the planet or in second place. Impossible customs duties are waved, provided the first merchandise behind the locked container doors is the demanded bribe. This Wally character is Deputy Sec’y solely because he serves as the Jews’ grinning mockery of a conquered people.
The area around Lagos also used to be called the White Man’s Graveyard because the drinking water flowed through shallow graveyards. The locals became immune, but drinking the water killed Englishmen. There could not be a greater insult to white America than the Jews putting Wally in office. Need a Rolex? Wally’s cousins will sell you one for ten dollars on the street corners of NY.
They couldn’t even get their puppet Newzealandistan to join in the sanctions?
Pony up and pay Alex or else Biden & Xi will boof your arse.
ALEX JONES SAYS SEND HIM MONEY OR GET F***ED IN THE ASS BY BIDEN AND THE CHI-COMS
Video Link
Please go to my website and critique a proposed Constitutional Amendment striking at the root: the corrupt and vile monetary system in the hands of Ashkhenazim financiers.
http://www.LetJusticePrevailThoughTheHeavensFall.com (scroll down on website to read it! Thanks)
The actual question was: “The USA is being deliberately and systematically wrecked, isn’t it?”
Ron Unz has the same immigration policy as the neocons. Says so himself. So don’t give me that he is sane shit.
Seems reasonable. He always was laid-back.
YENTA YELLEN: “US inflation will be temporary.”
JEWS: “We never lie.”
JEWS: “Yids want only the best for goyim.”
JEWS: “The Nose loves ‘healing the world.’ ”
JEWS: “Israeli Donkey Fellators (IDF) are the most moral military in the world…and never-ever-EVAH kill 2-year-old Palestinians.”
JEWS: “Give us more goyim guilt-gelt…SCHNELL!”
JEWS: “Hurry up destroying Ukraine so ratFink’s Blackrock can take it over!”
Some of the smartest, strongest and sanest WWII voices were Nazis: Oskar Schindler, Albert Speer, Wernher von Braun….
Your point?
Right. So tell that to the Nose, which sprays endless hasbara like shit-mist over everything sane, decent, and humane.
Four “good Jews” out of 50,000,000 lying, destroying, evil-making turdmeisters ain’t enough.
Zionists, in truth, spread antisemitism, causing sane folks to wish the Holycost had been real.
When ask any US fund manager what impact of de-dollaisation and the Belt & Road Initiative might have on the US, they to a person blithely (PCR would say insouciantly) wave these away as blips that won’t affect much in the world economy. They’re all in the bubble. I’m sure that most of them, like Ms. Yellen, truly believe their BS narrative.
The people on that list are not generally sane. The list is libertardian with whiffs of old left. Those people are not sane. They just happen to have sane positions on a few, currently important issues.
Panzers Ost
With 40 plus US military bases in Germany, they are still a conquered country.
RFK RFK
The question is not whether the US$ will remain the dominant currency in (a) international trade settlements and (b) reserve currency stocks in the short- or mid-term. The question is whether there is a threshold of decreased dominance (<55%?, <50%?, <45%?, …) that once crossed it would trigger a devaluation that would make it impossible to import all the stuff that America needs to function as a relatively stable and well-supplied economy without having to cannibalize her partners.
I think she means the subset of countries that are USA partners, the ones that will be cannibalized, the ones that are following the USA with the imposition of sanctions on various independent nations.
Those are good things indeed if you want to save surpluses that return yields but for international trade settlements there is one even more important consideration she is not contemplating: the need to have the currency of those nations that produce useful services, materials and finished products. In that department the US$ is weak and weakening, except among America’s partner nations.
It’s not about punishing Europe and Germany in particular, it’s about business. The USA has started to act upon weak partners to sustain America’s economy while also trying to stall growth of uprising powers China and Russia.
Japan is already maxed-out, the USA showed Japan its place in 1985 with the Plaza Accords. Germany is next in line. If there is no reaction, Germany will be the next Japan: close to zero output growth and growing debt to GDP yet somehow trudging along for decades.
I’ve said this before:
The big event of 2022 wasn’t Putin finally having enough of the ziocon shit, it was Xi’s visit to S.A.
Recall that just a few weeks before Biden, or what passes as Biden, had arrived in Riyadh to beg for more oil, got an Uber from the airport and was greeted by a fist bump. His two hour meeting was attended by several other characters, none of any note, before he was told to piss off home empty handed.
Xi Jinping however, had his plane escorted by Saudi Jets- I thought I counted seven, and upon landing was welcomed by a cannonade and a flypast of planes painting the sky in the colors of the Chinese flag. The Saudi King went to the airport to greet him; The king an old and infirm man who walks with a cane, not MBS. The three day visit mapped out the energy future for the World, the future of the Petro-Yuan and the death of the Dollar.
Who knew that demonizing as a murderer the most influential player in the commodity that props up one’s hegemony and sending carny barkers like Blinken to upbraid him for insufficiently celebrating sodomy would have consequences?
Xi got the welcome he did because the Saudi’s are going into partnership with the Chinese. The Chinese approach to International Affairs is Win-Win, a contrast with the US’s Because We Said So.
Among the projects, one of many to develop the country away from oil production. Saudi Arabia has energy up the wazoo in the form of Solar as well as hydrocarbons so mega-watt guzzling server farms (And BitCoin Miners) are a great fit. The excess heat, of course, will be used in the desalination plants that Saudi needs. So this is a triple win- Saudi, China and the asshole Greens.
MBS’s main concern is, I’m sure, avoiding being murdered by the Washington Filth. ( I’ve always thought that’s what the DC Baseball Team should be called).
Here’s everything you need to know about the US economy
The US imports everything it needs on a day to day basis. It exports cardboard. (The Koch industries entry is because they own Georgia Pacific).
The petrodollar’s got a decade at most. The US is fucked.
She noted that among the dollar’s major strengths are…”strong rule of law”
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA
Oh, that was very funny! Let me laugh some more!:
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA
Exactly right. I suspect that the Anonyhole you’re replying to has a very recognizable screen name here. Those on that list who espouse sane ideas have taken them from people who are actually sane, and could never have originated them.
I don’t think that an amendment is necessary to enforce the clear wording of the Constitution. Fiat currency is unconstitutional already.
Nah.
It’s the small hats.
For sure.
You are brainless.
‘The Biggest Fleecing Of America.’
Trillions Of Taxpayer Dollars Lost To ‘Keeping You Safe.’
Video Link
The face of Jewish Power.
The US is now Nuland.
You are the the jew fella
The uniparty which is 95% financed and controlled by Jews… isn’t that right, penny-miser.
Helpful data and agree with your comments.
However, your deadline might be revised downwards if the USA goes on another misguided adventure.
Demonic, like Albright.
Even worse if they’re reading the Talmud! It’s only practical use should be for kindling for a nice bonfire with all of the woke LGBTQXYZ bullshit books atop the flame.
Sorry, but the others are rendered lesser by their association with the loony omni-denialist shill, Joanne Nova. You need to keep her type of nutcase at arm’s length.
Come now-Macron is a SNAKE, owned, created and controlled by the CRIF. Duplicitous in the extreme.
Wally has the punim of a true con-man. He’s pretty full of himself, too.
Putin’s Jewish propagandist isn’t too happy:
Video Link
Anglin sure writes a lot about the Jews in the West and yet never mentions the ones that Putin employs.
Putin’s #1 general is not only Jewish but has zero military training.
Weirdly his half-Asian defense minister also has zero military training.
A homicidal dwarf leading an imperial war against a Slavic neighbor with the most gains from a Jewish general whose background is in hospitality services. What a government.
Anyways back to your cheering on how this is a Holy White War against Jews. I’m sure 4, maybe even 5 people still believe such bullshit.
Must be nice having a propaganda show on Russian State TV where no one is allowed to call out the heaping piles of manure that Putin shovels on the public.
Jabba the hut lookalike.