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The Digital Yuan: Will It End the Dollar Dictatorship?
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In mid-April, the US Federal Reserve began “swapping” $500 billion dollars with banks around the world.

The almighty dollar is virtually the only chip you can use in the international capitalist casino. Globally, non-American banks hold $12.4 trillion dollars, which they loan out to other non-American entities for loans, to pay debts, or to conduct trade and commerce. A business in Norway may not conduct its affairs in dollars, but its bank does.

Naturally, the fact that so much financial activity is conducted in US dollars and moved through the SWIFT system means sovereign states are at the mercy of a handful of plutocrats in Washington and New York City.

Deplatforming from SWIFT and CHIPS ($1.5 trillion a day in transactions), programs that allow a network of banks run by Jews in New York regulated by US treasury Jew Steve Mnuchin to monitor dollar transactions, has become a favorite tool of intimidation for America’s oligarchs, often deployed against nations that challenge Israel or defy Pax Liberalus.

This is why nations targeted by American sanctions suffer so dearly. In the case of Iran, European nations have been threatened with bans on their business’ ability to access the dollar system if they defy Washington’s “maximum pressure” attempt to starve the Iranians into submission. Venezuela, North Korea, Syria, Russia, etc — all sanctioned with some or all their assets frozen (read: stolen from them, as in the case of Venezuela where Maduro government’s assets are being given to failed coup leader Juan Guiado) — have also struggled under the dollar regime, though now there are some attempts to de-dollarize and build an alternative.

For much of history, freezing a nation’s assets was interpreted as an act of war. The governments of Franklin Delano Roosevelt, Britain and the Dutch Indies collaborated to take Japan’s assets towards the end of July, 1941, which cut them off from 75% of their global trade and made it impossible for them to import oil. This act is seen by historians as the accelerant that led to Pearl Harbor.

Today, economic power has become more important in the age of nuclear weapons, as responding to financial attacks with a hot war is not always feasible.

The New Cold War

Escalating tensions between Washington and China have forced the Chinese to begin exploring a replacement in the fight against world dollar hegemony. Josh Hawley and Lindsay Graham both have presented bills that would freeze Chinese assets, and in case that’s not enough, Tom Cotton has presented an aptly named FORCE Act, which will allocate billions of dollars worth of medium-ranged missiles to the Indo-Pacific to threaten the Chinese with, similar to what transpired during the Cuban Missile Crisis. US capital is already planning to move from China to India.

The official excuse is the coronavirus, but the real reason is that China’s predicted transition from a race-centered command economy that puts politics over profits to a liberal plutocracy simply never came, and it is now forming an independent pole on the world stage. The median wage of a Chinese worker in industrial centers recently surpassed that of a Croatian, all while the middle class continues to collapse in the West.

Crypto Against Dollars

It’s unclear just how far the US is willing to go against China, but the Chinese are already preparing an economic counter-attack. The new digital yuan– crypto-currency issued by China’s state-run banks — is currently in its trial phase (including at McDonald’s).

This new electronic yuan, Forbes warns, could provide an exit for countries sick of US sanctions and soft power, and potentially replace the US dollar as the world’s reserve currency.

Economists believe Chinese citizens will rapidly embrace the new crypto-yuan, while it is expected that its use will be heavily incentivized for financing infrastructure projects in nations participating in the Belt and Road Initiative. Foreign Policy Magazine — edited by a Jew preoccupied with Israel’s racial demographics — put out a procrastinated call last January to digitize dollars and copy the crypto yuan model, expressing fears that global de-dollarization will make it impossible to financially strangle Iran.

For national dissidents, this could provide a new opportunity to fund alternative media and activism in the age of tyrannical Zionist campaigns to sanction individual Americans and advocacy organizations from financial services for their political beliefs, just like they do on a macroscale to foreign nations. The global competition will also put pressure on Jewish-liberal financial power brokers to stop using these tactics altogether.

Whatever happens, its unlikely that international finance will allow the erosion of US dollar hegemony without a fight.

(Republished from National Justice by permission of author or representative)
 
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  1. Thank goodness, the sooner the better. The fact that the federal reserve note is global reserve currency is the exact cause of the undermining of our jobs and the magnet drawing mass immigration.

    • Replies: @Exile
  2. Exile says:

    It goes without saying that if any of the BRIC nations (Brazil, Russia, Iran, China) froze assets of U.S. or “Western” nationals, much less imposed economic sanctions, interdicted their trade, blockaded their shipping or otherwise tried to flex the muscles of their financial-military complex, the U.S. Deep State and its shills in corporate media would have the average American howling for “muh blood of tyrants.”

    Double-standards are the moral modus operandi for both the Zionists who rule the United States and their goyish foot-soldiers and slave-laborers.

  3. Exile says:
    @Jedi Night

    Our reserve status/”petrodollar” is a powerful means but the cause is the complex of Jewish political, cultural and financial power in alliance with goyish apparatchiks like Zion Don Kushner & a huge majority of both U.S. parties, NGO’s charities, churches, our Deep State, academics and media shills.

    Don’t blame the sword, blame the hand that wields it.

  4. For national dissidents, this could provide a new opportunity to fund alternative media and activism in the age of tyrannical Zionist campaigns to sanction individual Americans and advocacy organizations from financial services for their political beliefs, just like they do on a macroscale to foreign nations.

    Yeah, maybe. Or maybe it’s a prelude to the rollout of a digi-dollar, once Bill Gates injects us all with his nano-chip bit-wallet. We’ll see …

  5. For one thing, you can’t really have a new alt global currency without dismantling – really, collapsing – the existing credit system of ‘eurodollars’, the Western ‘hard’ currencies behind nearly all international debt, and having a debt re-set

    Striker is one of those people at times selling the ‘China and Russia are real alternatives’ line, some saying Striker is a ‘Nazbol’ (nationalist bolshevik)

    But, as Daniel Estulin says in the podcast at the top of Kevin Barrett’s Unz column at the moment –

    It’s an illusion to think China is independent of the US-Israeli complex

    Claims of ‘big power East West conflict’ have always been questionable since the days of Stalin, as Antony Sutton proved 50 years ago

    Consider Sheldon Adelson, Jewish-Israeli billionaire, top USA Republican funder, friend of Trump … was making most of his billions in Macau China in partnership with Beijing … All that trouble with Huawei etc, Adelson able to put in a fix with a phone call to Trump … yet Beijing doesn’t touch Adelson and happily sponsors Mossad-tied Chabad centres all over China, Jews being close to China’s top leadership ever since Mao

    Also, e.g., coronavirus – Bill Gates and China work together to own the WHO, Gates a China fan too

    There’s something screwy about critics of USA-Israel, pushing the line that Russia-China-Iran etc are ‘noble opposition’ … More likely the big powers are all in the shite together whilst sniping at each other

    • Replies: @Exile
  6. There are unsettling similarities between today and the events that led to Pearl Harbor. The “age of nuclear weapons” will not save us from the “hot war” everyone would rather avoid. “Whatever happens, it’s unlikely that international finance will allow the erosion of US dollar hegemony without a fight.” That fight will be another world war, says the pattern of history.
    https://www.ghostsofhistory.wordpress.com/

  7. Why not just use Bitcoin?

  8. Exile says:
    @brabantian

    These are deflections from the main issue of whether it’s better or worse for the petrodollar to have meaningful competition – hint: it’s better for us (those opposed to globoshlomo neoliberalism).

    Russia, China & Iran don’t need to be “noble” opposition, merely opposition.

    Money talks so no world power is going to be totally immune to Jewish wealth and influence. It’s a matter of how much influence. You can’t credibly claim that China, Russia or Iran are subject to Jewish influence to nearly the degree that the West is.

    We have to exploit opportunities where and when we can. This is an opportunity we should welcome and look to take advantage of.

    As for “NazBol,” Striker merely points out the obvious fact that every world economy is a “planned/control economy” – the only differences are how much control is exercised for whose interests and whether the control is overt or covert.

    The United States just delegates its Central Planning to FANGs, Blackrock & Israel and preaches “tactical libertarianism” to its citizens so they believe they’re free.

    • Replies: @exudd1
  9. Juri says:

    There will be no next SWIFT. When the FIAT money system blows off it will take all it,s mechanisms of action to the grave with itself. Nobody knows how the international trade will be built up but after last 100 years of madness, nobody will thrust next pyramid scheme immediately

    About this almighty fellowship of holy half dead Jews. Kissinger is 96, Sheldon 86, Soros get 90 in August. It is matter of time when this bunch of people is incapacitated. Better sit them out instead of fighting them and get killed 5 minutes before midnight. That is why everybody are so friendly with them.

    China is paper tiger very close to civil war and it is hated and distrusted worldwide even more than US so nobody will give them control over any important thing. Yuan is used only because of emergency and will be abandoned right after US loss of world power.

    • Replies: @Verymuchalive
  10. Meena says:

    1-The long-running debate among central bankers over the need for digital currencies was blown wide open last year by news of Facebook’s libra project—something that almost saw the social media giant elevate itself to (or even above) central bank status as an issuer of the first global currency.
    World leaders and regulators slapped Facebook back down.

    https://www.forbes.com/sites/billybambrough/2020/04/26/donald-trumps-china-nightmare-is-coming-true-for-the-us-dollar/#64b7da0b3835

    2-Last July, U.S. Treasury Secretary Steven Mnuchin took to the podium in the White 2-House briefing room to explain his view on the risks of so-called digital, or “crypto,” currencies. “Cryptocurrencies, such as bitcoin, have been exploited to support billions of dollars of illicit activity,” the secretary said. “Many players have attempted to use cryptocurrencies to fund their malign behavior. This is indeed a national security issue.”

    https://foreignpolicy.com/2020/01/24/dollar-reserve-currency-united-states-china-crypto-digital-currency/

    The fear is palpable . Minuchin is talking out of his rear end . No example,no citation, just making things up.
    Facebook at least showed the fear these guys go to bed every night with .

    Instead of banks ,if labor – value of labor ( including the services and rents ) makes the currency ,the economy might be slower but stable and equitable .
    Currency simply will depend on wealth generated .

    • Replies: @exudd1
    , @Anonymous
  11. exudd1 says:
    @Exile

    Well said!
    Sound, practical and realistic points!
    Thanks.

  12. exudd1 says:
    @Meena

    Well explained.
    Compelling comment on labor-based evaluation of economy/currency and not on absentee rent/usury.
    Thanks.

    • Replies: @Anonymous
  13. jsinton says:

    Aren’t you forgetting about the Petrodollar? Where will they buy the oil from? The Iranians? The Venezuelans? Good luck with that.

  14. @Juri

    I strongly suspect that you are right, given the restrained actions of Putin et al. Why risk the unpredictable when US loss of world power is very predictable. It could be a couple of years away or a couple of months. Either way, it will happen.

    • Replies: @Anonymous
  15. Trickster says:

    Yes the Digital Yuan will replace the US dollar and donkeys will run in the Kentucky Derby. Go to any out of the way village in Africa or Latin America OR even a big city, run up a tab at any business establishment and whip out them digital yuan in payment !

    • Replies: @Beefcake the Mighty
  16. @Trickster

    It is amusing to see the competition unz.com has going between the far left and far right, over who can make a bigger fucking fool of themselves knob-bobbing the capitalists of the CCP.

    • Replies: @Trickster
  17. Anonymous[156] • Disclaimer says:
    @Verymuchalive

    Or, maybe Putin, Xi, et al. are just method actors reading from the same script as Trump? Or maybe they really are as weak as Team USA claims? At some point, the whole “playing 5D chess” thing makes about as much sense re. Putin as it does for Trump.

  18. Anonymous[115] • Disclaimer says:
    @Meena

    LOL. If cryptocurrencies are a threat to the NWO, why are the Wall Street banksters all over it? Or the CCP for that matter. Facebook may have gotten out of line, but they got spanked for taking too many cookies out of the jar, not for threatening to break or replace the jar.

  19. Anonymous[115] • Disclaimer says:
    @exudd1

    If by “well-explained” you mean completely vague and hand-waving, then yes, I fully agree!

  20. Trickster says:
    @Beefcake the Mighty

    Actually I am getting tired of the site. When I first started reading the articles here seemed to be an 80%/ 20% mix of the wise and idiots respectively. However as time went by it seems like the smart people are moving on and more and more the comments slowly seem to be getting dumber.

    I mean look at this article. The Digital Yuan ? The Trickster likes those greenbacks and he likes them in notes he can feel on his pockets. Many acquaintances mocked me because “I was out of step with technology”. However lining up outside the banks to get their money seems to have been an eye opener for many of my Bros. What would have happened I asked if it was digital dollars and the digits got cut off ?

    As for the Yuan ? I have travelled all over and like it or not the US dollar is king. In even the most remote villages in Africa and Latin America the US dollar is eagerly accepted. Which shopkeeper or businessman wants some Chink script ? Most dont even want their own currency. So the article seems to me to be sheer filler and utter nonsense.

    The we have dudes like Karlin who go on and on about this virus with his charts, graphs and statistics from every shithole Russian town and Eastern Euro country. It may be time for me to move on.

    • Replies: @Anonymous
  21. Anonymous[156] • Disclaimer says:
    @Trickster

    Completely agree, this site has sadly jumped the fucking shark. Ron has really let the Team China trolls take over while he pushes virus hysteria, shuts down dissenting voices, etc. Maybe he wants his old job back at the American Conservative, who knows. The WW2 stuff here is still interesting, but most of the rest has just become a mechanism for using the CCP as a backdoor to facilitate US government lies.

    BtM

    • Replies: @Trickster
  22. Trickster says:
    @Anonymous

    Thanks. I am glad I am not the only one noticing the trend !

  23. Alankg says:

    I hope its true, and sooner the better.

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