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The Global South Births a New Game-Changing Payment System
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The Eurasia Economic Union (EAEU) is speeding up its design of a common payment system, which has been closely discussed for nearly a year with the Chinese under the stewardship of Sergei Glazyev, the EAEU’s minister in charge of Integration and Macro-economy.

Through its regulatory body, the Eurasian Economic Commission (EEC), the EAEU has just extended a very serious proposal to the BRICS nations (Brazil, Russia, India, China and South Africa) which, crucially, are already on the way to turning into BRICS+: a sort of G20 of the Global South.

The system will include a single payment card – in direct competition with Visa and Mastercard – merging the already existing Russian MIR, China’s UnionPay, India’s RuPay, Brazil’s Elo, and others.

That will represent a direct challenge to the western-designed (and enforced) monetary system, head on. And it comes on the heels of BRICS members already transacting their bilateral trade in local currencies, and bypassing the US dollar.

This EAEU-BRICS union was long in the making – and will now also move toward prefiguring a further geoeconomic merger with the member nations of the Shanghai Cooperation Organization (SCO).

The EAEU was established in 2015 as a customs union of Russia, Kazakhstan and Belarus, joined a year later by Armenia and Kyrgyzstan. Vietnam is already an EAEU free trade partner, and recently enshrined SCO member Iran is also clinching a deal.

The EAEU is designed to implement free movement of goods, services, capital, and workers between member countries. Ukraine would have been an EAEU member if not for the Maidan coup in 2014 masterminded by the Barack Obama administration.

Vladimir Kovalyov, adviser to the chairman of the EEC, summed it all up to Russian newspaper Izvestia. The focus is to establish a joint financial market, and the priority is to develop a common “exchange space:” “We’ve made substantial progress and now the work is focused on such sectors as banking, insurance, and the stock market.”

A new regulatory body for the proposed joint EEU-BRICS financial system will soon be established.

Meanwhile, trade and economic cooperation between the EAEU and BRICS have increased 1.5 times in the first half of 2022 alone.

The BRICS share in the total external trade turnover of the EAEU has reached 30 percent, Kovalyov revealed at the BRICS International Business Forum this past Monday in Moscow:

“It is advisable to combine the potentials of the BRICS and EAEU macro-financial development institutions, in particular the BRICS New Development Bank, the Asian Infrastructure Investment Bank (AIIB), as well as national development institutions. This will make it possible to achieve a synergistic effect and ensure synchronous investments in sustainable infrastructure, innovative production, and renewable energy sources.”

Here we once again see the advancing convergence of not only BRICS and EAEU but also the financial institutions deeply involved in projects under the China-led New Silk Roads, or Belt and Road Initiative (BRI).

Halting the Age of Plunder

As if all that was not game-changing enough, Russian President Vladimir Putin is raising the stakes by calling for a new international payment system based on blockchain and digital currencies.

The project for such a system was recently presented at the 1st Eurasian Economic Forum in Bishkek.

At the forum, the EAEU approved a draft agreement on cross-border placement and circulation of securities in member states, and amended technical regulations.

The next big step is to organize the agenda of a crucial meeting of the Supreme Eurasian Economic Council on 14 December in Moscow. Putin will be there – in person. And there’s nothing he would love more than to make a game-changing announcement.

ORDER IT NOW

All of these moves acquire even more importance as they connect to fast increasing, interlocking trade between Russia, China, India, and Iran: from Russia’s drive to build new pipelines serving its Chinese market – to Russia, Kazakhstan, and Uzbekistan discussing a gas union for both domestic supplies and exports, especially to main client China.

Slowly but surely, what is emerging is the Big Picture of an irretrievably fractured world featuring a dual trade/circulation system: one will be revolving around the remnants of the dollar system, the other is being built centered on the association of BRICS, EAEU, and SCO.

Pushing further on down the road, the recent pathetic metaphor coined by a tawdry Eurocrat boss: the “jungle” is breaking away from the “garden” with a vengeance. May the fracture persist, as a new international payment system – and then a new currency – will aim to halt for good the western-centric Age of Plunder.

(Republished from The Cradle by permission of author or representative)
 
• Category: Economics • Tags: BRICs, China, Dollar, Eurasia, Russia 
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  1. CBDCs (blockchain digital payment systems) are a enslavement trap that will be difficult to escape from. All of this is being orchestrated, none of it is organic. Resist or be a slave:
    —–
    The war – like the pandemic – is anything but organic. Instead, the war is the crescendo of the NWO dialectic as it will manifest gargantuan systemic problems demanding systemic foundational solutions.

    The conflict will decimate what remains of our supply chains at their most basic level, wreaking absolute havoc. Currencies – already on their last legs – will be deliberately hyper-inflated away all over the globe in order to pay for it. Our lives will be intentionally and irrevocably flipped upside-down.

    Everyone will be demanding something be done and the pre-planned solutions will be one-world-government and CBDCs (Central Bank Digital Currencies). These CBDCs will link with your social credit score, vaccine status, and carbon footprint in order to determine your eligibility – in real time – to participate or not participate in the economy.
    —–
    https://tritorch.com/united
    https://bitchute.com/video/C8Dm3BjdJm14

    • Replies: @Heaven’s Cannon
  2. Notsofast says:

    all in all, it’s just another brics in the wall, i hope the west enjoy their cask of amontillado.

  3. Sooner or later, the US is going to nationalize the banks and their data processing centers to support its CBDC. The easiest CBDC to initiate is the one that’s been in operation for decades only under a different name – the credit card system.

    If the US nationalized the credit card processors, they have an instant world wide network already in place to continue accepting the dollar with inertia and familiarity as strong drivers of acceptance.

    • Replies: @Charles
    , @Biff
  4. The Ogs says:

    How ridiculous. The USA is thirty thousand billion (with a B) dollars in debt! Can someone be found – anyone – anyplace in the world who thinks this was prudent?
    Can running a major nation like a 15-year-old with an unlimited credit card possibly work out? When did they think that this enormous ‘mortgage’ on our children and grandchildren would ever be paid? Are the American citizens unaware that the debt is increasing rampantly as a result of annual deficit?
    It is total insanity, and it will not (can not) possibly have a good end. Insanity.
    It’s a form of National Suicide and I don’t see how it could be viewed as anything else…
    And worst of all, it’s already a done deal. It has happened. Cannot be undone now. Beyond tragic!

  5. Charles says:
    @RoatanBill

    That is a thought-provoking idea, and on the face of it I believe it is viable. There is no button that reads “Good Point” so I skipped the buttons.

    • Replies: @RoatanBill
  6. @Charles

    The only thing that can derail the CBDC plans for the US is for the Dollar to fail prior to implementation, for things to turn to shit so fast and so badly that the various gov’t, state and federal, can’t cope with the fall out. Once the CBDC is up and running, the only weapon the people have will be massive work stoppages and slowdowns; essentially sabotage.

    The controllers need the average person’s labor. Without the people’s cooperation to keep supporting even a weakened economy, their entire game falls apart. No matter what, the country is going to become more and more ungovernable, which will mean more and more oppression into a vicious cycle that will eventually break the country up.

    The United States of America is already dead, but the corpse has yet to hit the floor. Only time will tell how much damage it can do on the way down. The CBDC can slow down the eventual collapse but can’t prevent it. There’s no engine of growth left in the US. The Ponzi scheme of the “consumer economy” is unsustainable without foreigners providing real goods for the US’s green pieces of paper and that scam is ending.

    • Agree: Charles, katesisco
  7. Let’s hope to see what a West accustomed for two millennia to looting the rest of the world does. Will they work honestly?

    • Replies: @Old Brown Fool
  8. Realist says:
    @RoatanBill

    I agree with your comments. Please take a look at my Newslink titled. How Elites Will Create a New Class of Slaves | Whitney Webb | the Glenn Beck Podcast | Ep 162 for a discussion on this.

    • Replies: @RoatanBill
  9. @Realist

    I saw that program about 2 weeks ago. She’s does great work. I’m not a Beck fan generally but this interview was well done.

    She had an articles on this site but that was some time ago. I wish she were a regular instead of some of the weaker authors that just bring up things of relatively little importance.

    • Agree: Realist
  10. Kali says:

    So, let’s see: Either we’re headed towards a “unipolar” Minority Report type future; or a “multipolar (with Chinese charactaristics)” Blade Runner type future. Oh dear.

    And either way, first we have to pass through the Mad Max phase. Bummer!

    CBDC’s will be the end of freedom for anyone who remains dependant on centralised economic structures. And, if not enough of us break free, possibly the end of freedom for every last one of us. – Though maybe the uni-multi party will keep some of us around for their (Hunger Games) entertainment. Oooh..!

    – I am kidding, of course. I don’t actually believe a word I just wrote will come to pass. Rather, I see huge paradigm shifts in science, religion and social organisation about to dawn. (Which is why it all looks so dark right now.)

    Maybe, upon reflection, the Mad Max phase holds after all, and that will be the darkest time. But only for those who didn’t plant enough spuds in time, or figure out how to keep them safe from bandits and the like. (Hint, show the “bandits” how to grow spuds for themelves before they even think of becoming bandits.)

    The stupid, high IQ morons included, will not survive the transition.

    Fun times ahead, boys and girls! 🙂

    Plenty of love,
    Kali.

  11. KenR says:

    The EAEU is designed to implement free movement of goods, services, capital, and workers between member countries.

    Yuck. What a bummer, that tempers my enthusiasm a bit. You don’t defeat the neoliberal order by forking it. The best you could hope for there is just the same deal with different names.

  12. @H. L. M

    I listened for 7 minutes. His premise is flat out wrong, IMO.

    Countries will do what India did. They will make the paper notes illegal as of a certain date and they will use illicitly gotten currency as the reason. The claim will be that the evil drug dealers, terrorists, and other shady characters have so much cash squirreled away that this will shake out those funds to capture the criminals or all their ill gotten loot will just become worthless.

    TPTsB won’t have time to try to coax people into submission via some long drawn out scheme. His suggestion that the line will be to tell the people that the banks aren’t safe due to hackers when physical paper currency is involved and then turn around and claim that digital wallets are somehow immune from hacking was just more illogic than I could stand.

    • Replies: @Old Brown Fool
    , @H. L. M
  13. @RoatanBill

    Essentially right, but the USA cannot continue indefinitely without producing real things – food, goods and essential services. That is where it is almost fatally injured. Therefore once the reserve currency status is lost, the downward spiral will take the entire economy to a condition from where recovery would be impossible – nothing to produce and a worthless currency. Even CBDC can succeed only if there are real goods and services to be bought and sold. Otherwise, it will be like the good old Soviet Union, distributing shortages, not produce.

    • Replies: @RoatanBill
  14. @RoatanBill

    The Indian experiment was a failure in every aspect. The abolished currency notes (at that time about $10 and $20 face value) were to be replaced with new design $40 and $10 notes. The currency in circulation went up, instead of disappearing. All the money supposedly squirrelled away came out and became legitimate! Heck, the old currency that returned to the treasury for exchanging into “digital money” even exceeded the currency printed by the central bank – meaning even counterfeits have been exchanged for digital money (the pressure on the banks to exchange the old notes was so much, they did not have time to sort out counterfeits, hence accepted all!).

    Even the central banksters recognised it was a failure. That is why after that, we do not hear about abolishing paper currency. Even those voices that tried to frighten us the paper currencies are covid carriers did not get any support.

    • Replies: @RoatanBill
  15. @Liborio Guaso

    The worker in the (North) West works more honestly than the worker in Africa, India or Latin America. It is their monetary system that is designed to suck the surplus of the entire world without working.

  16. @Old Brown Fool

    Agreed.

    It is the physical size of the US mainland and the size of the US economy that provide a considerable mass to be reckoned with. There’s enough “stuff” in the country to make due for quite some time before the more mundane shortages reach some critical point. The US produces enough food to get by, it can produce enough fuel for minimal services once the average guy has no reason to use his vehicle because his job disappeared. It will be the costumed goons that get access to resources to try to maintain control.

    There won’t be any household appliances, for example, for sale since they all come from overseas and there’s no plan to start producing those types of things in the US. No one will have any funds to purchase anything anyway. Everything produced outside the US border will become unobtainable in relatively short order, but all that does is put the country into stasis for which the covid fiasco provides a model. Years could go by with people just surviving.

    At some point, things either get better or worse. My money is on worse leading to insurrection and the end of the USA as a country. The states either individually or in clusters become new countries to try to go forward. What I haven’t figured out is how this is supposed to happen with a severe lack of resources, human and otherwise. The entire world is going to want to kick the US when it’s down, deservedly so. I just can’t see the US landmass becoming the graveyard for the entire population, but I don’t see a way of avoiding that. I realize that’s not very logical and rational but I have no vision of the recovery as of yet and that really bothers me.

    • Replies: @katesisco
  17. @Old Brown Fool

    To some extent, you’re comparing apples to oranges. From the standpoint of a US CBDC, it would be a success. All that’s required is for people to turn in their paper and walk away with a digital wallet. That the Indians traded one piece of paper for another wouldn’t happen in a CBDC conversion.

    What might be allowed are $10 bills and lower with all other paper replaced with digital only and laws passed to disallow cash transactions for anything above some skimpy X amount. That would allow foreign use of dollars to continue so as to not swamp the treasury with massive dollar influx that would lead to hyperinflation.

    The long and short of the Indian experiment is that the conversion was done, warts and all. The US and other nations surely learned something from the unintended consequences. Since even official US currency isn’t worth the paper it’s printed on, accepting counterfeit isn’t an issue since it’s all counterfeit anyway.

  18. @The Ogs

    Paul Craig Roberts article notes that consumer credit card debt is going back up to highs in the US again. So it works hand in hand. Sad really

  19. H. L. M says:
    @RoatanBill

    Why wouldn’t the government start the CBDC rollout on the poor people they want to weed out anyway?

    And as things in the general economy get progressively worse, more and more people will be forced into it. Either that or starve. That way it seems “voluntary”. They can just work up to their 90 percent figure.

    The criminals in charge of course will steal as much as they like.

    BTW, is the government going to exclusively control this CBDC essentially putting the bankers out of business? Who’s going to be running the show? Do you think they are going to be doing it “together”?

    • Replies: @RoatanBill
  20. @SolarTermination

    100% accurate and razor sharp observation. The name of the game is distract, disrupt, divide, and destroy The overlords are exceptionally well versed in this to our misfortune.

    Thanks for the links, i will pass them along.

  21. Better start imitating the Amish FAST, or you’re gonna be a digital slave.

    Chickens, freezers full of food, dry rice, vitamins, silver coins, cash, farmland, gardens, fresh water supply with filters ready, good fences, barbed wire, and the firepower to protect it all.

    The vast majority of modern folks, afraid of their own shadow, will take the CBDC and the subcutaneous nano that controls both them and the currency.

    You MIGHT have a year or two to get ready. Otherwise, forget it. Get out of the cities.

    There, fixed it for you.

    • Replies: @bike-anarkist
  22. Biff says:
    @RoatanBill

    The easiest CBDC to initiate is the one that’s been in operation for decades only under a different name – the credit card system.

    If the US nationalized the credit card processors, they have an instant world wide network already in place to continue accepting the dollar with inertia and familiarity as strong drivers of acceptance.

    Most of the rest of the world hates the credit card system(3%transaction fees), and is moving on. 99% of retail stores in East Asia (Thailand/China/Korea) use QR code bank transfers that are instantaneous and free. The credit card system is a dying dinosaur.

    • Replies: @RoatanBill
  23. @H. L. M

    Everything I say is just a guess, what I would do if I were the evil bastard in charge. I still think they’ll use the credit card system to pull this off since its fully tested and all the hardware, software and operators are already in place. The fact that the CC network has world wide reach means that the US’s CBDC becomes the de facto CBDC world wide the instant it is rolled out.

    Your first sentence implies some kind of targeted roll out. I think they want to spring it on all the people to prevent anyone from avoiding the CBDC as much as possible. I see currency controls and travel restrictions as a natural adjunct to a roll out. Some incident will be introduced to make traveling outside the country unattractive and the gov’t will shut it off for everyone’s safety. Yeah right. I think they want it all over within 30 days and that’s doable since it’s just bookkeeping entries on one end (computer processing time) and the collection of paper on the other.

    They will announce a conversion of all bank accounts to the new system and simply do the conversion automatically so that if you want some currency you’ll have to access your digital wallet that you don’t even have yet. You’ll go to the bank or where ever to get what will be advertised as your new bank book in digital form, the wallet or whatever they will call it.

    Most people won’t care due to ignorance of what lies ahead. There won’t be a recognition of “force” by the normies. To them, they will be told that no one can mug them for currency because it no longer exists. Crime will go down, will be the message. Drugs can no longer be sold to the children because there will be no way to pay for them. The normies will eat that shit up because its actually true. There will be no resistance to the program. Propaganda will make it a huge benefit by that great uncle, Uncle Sam who is always looking out for their welfare.

    By definition, a CBDC means all the commercial banks no longer have a function as independent entities competing for business. The Treasury, Fed, something will be THE bank. Existing banking buildings, computer networks, employees, etc will be nationalized because it eliminates the ugly bankruptcies of all the banks, cleanses their books and provides the necessary computer network to support the CBDC. There’s no necessity of blockchain or anything new. They just have to declare the CBDC, use the existing network, rebrand credit cards and it’s done. Banking management will be taken care of. Shareholders will be made whole. There would be very few complaints.

    • Replies: @H. L. M
  24. If China loses the US markets, China falls into a depressed morass and the apparatchiks will be fortunate if they escape with their lives. None of the BRICS can survive without the US markets. Talking payment clearing systems is dealing with irrelevancies.

    • LOL: RoatanBill, Realist
    • Replies: @bike-anarkist
  25. @Biff

    What you say may be true but not relevant. Once the gov’t runs the CBDC, fees go to zero. The Chinese gov’t paid people to use theirs. That QR codes replace plastic is of no significance; maybe they’ll go to iris scans next.

    What is important is the computer backbone network required to get any CBDC up and running since the whole thing depends on computers and software. You’re concentrating on the nits. Pay attention to the important parts instead.

  26. H. L. M says:
    @RoatanBill

    How much of an upper middle class do you see surviving in the future?

    Will people who have, say, 20 million in assets keep their wealth and perhaps not suffer extreme controls even though they might not be part of the ruling political class?

    Or will they be conveniently placed on the reservation with the working class?

    • Replies: @RoatanBill
  27. @H. L. M

    Once a CBDC is the predominant mechanism that represents “money”, the entire world changes. There’s no reason to have an IRS. No reason for accountants and lawyers to fill out tax returns. They may keep these things in place and make compliance even more onerous just to screw with people and invent new “fines” and “penalties” to grab more loot. The possibilities are endless.

    The left will come up with new taxes that will take massive amounts of the richer people’s assets for equity and the rest of their scam. Just as there are annual taxes today on boats, planes, etc in some states (personal property taxes), there will be a tax on “too much” wealth kept in the CBDC bank by any individual. People are fine with the gov’t taking their money (because they’re stupid) annually for their homes (real estate taxes), to then take it for their other assets, the liquid ones, will also be accepted once it’s sold to the welfare recipients that vote as a way to fund them. Divide and conquer. They want everyone hammered down to the lowest common denominator to then be in total control.

    Actual wealth in terms of money won’t mean what it does today. The real money will be the power and lifestyle you can have access to by your position. Just like Biden gets an Air Force One he doesn’t own or pay anything for, the ruling class will have access to the best and own nothing. The state will eventually own everything and the cattle will rent their existence from birth till death.

    The CBDC is the seminal event to introduce what will eventually be an in your face totalitarian state complete with gulags. The police state will be massively increased simply because it can be done and offers more control over the “bad think” population. Think USSR and add an order of magnitude more possibilities.

    • Replies: @H. L. M
    , @katesisco
  28. Bert says:

    The real Bear Market began today at the Dow’s high of the day.

  29. H. L. M says:
    @RoatanBill

    What’s your plan?

    • Replies: @RoatanBill
  30. @H. L. M

    My initial plan was implemented 16 years ago and it worked out well till covid.

    I’m waiting for currency collapse to make my next move. Assets don’t disappear during a collapse, they just get new owners. My wife and I could end up in any one of a number of smaller countries depending on how the failures unfold or become PT (Perpetual Traveler, Previous Taxpayer, Permanent Tourist, etc) and live in many of them at various times of year. Lots of property is going to become very inexpensive in lots of places.

    I’m too old to be part of the “Digital Nomad” lifestyle, but they at least understand that being one country’s permanent slave isn’t a bright idea.

    The situation is fluid.

    • Agree: bike-anarkist
    • Replies: @H. L. M
    , @H. L. M
  31. H. L. M says:
    @RoatanBill

    I’m trying to figure it out. Mexico may or may not be ok in future. I agree a smaller place might be preferable.

    I’m stuck with PM which makes it hard to cross border. I’m exploring XRP, but of course that’s probably a blind alley.

  32. HdC says:
    @The Ogs

    Sovereign debt can always be reduced through inflation, which is the act of putting currency into circulation for which no goods or services have been produced.

    Consider that 10% per annum (P.A.) inflation reduces that debt by 50% in 7 years, approximately!

    The popular narrative that high prices are, or cause, inflation is wrong. Rising prices are merely one of the symptoms of inflation.

    20 years of inflation at 10% P.A. and the sovereign debt has all but disappeared. Note that all inflation has this effect, with lower rates taking longer to reduce that debt to a manageable amount.

    • Replies: @Decoy
    , @d dan
    , @katesisco
  33. H. L. M says:
    @RoatanBill

    I don’t pretend to understand it……………….

  34. @H. L. M

    Converting PM to currency as part of some transaction is a problem. That’s why it’s best to look at more than one option.

    • Replies: @H. L. M
  35. Decoy says:
    @HdC

    And every politician in Washington D.C. knows that inflation is the “easy way” out of the $31 Trillion debt problem. Even the stupid politicians have figured that out. The Fed (Powell) is doing a good job of pretending that curbing inflation is his number one priority. It’s not. His # 1 priority is keeping the bankers and politicians happy.

  36. @Quartermaster

    You blew yer load there, cabin boy!

  37. @aleksander

    Remember: the govmnt has and will use lethal law enforcement drones and robots, courtesy of the shitty little country.

  38. Athena says:

    Uruguayan President Luis Lacalle Pou wants to conclude a FTA with China, continues to be harassed by enraged Mercosur :

    Uruguay applies to join CPTPP in bid for Asian export boost
    https://www.bilaterals.org/?uruguay-applies-to-join-cptpp-in

    Uruguay aims to increase exports of beef and other farm products to CPTPP members — Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam

    Separately, Uruguay is seeking to conclude a free trade agreement with China.

    Lacalle’s bold diplomacy compromises future of Mercosur
    https://en.mercopress.com/2022/11/30/lacalle-s-bold-diplomacy-compromises-future-of-mercosur

    Argentina, Brazil, and Paraguay agreed on Wednesday to take joint action through a declaration warning Uruguay of the possible legal consequences of running solo despite Mercosur’s agreements.

  39. Athena says:

    US/UK-NATO at it again in Argentina using Kosovo Albanians

    Argentina to oppose Kosovo troops training at Falklands
    https://en.mercopress.com/2022/12/02/argentina-to-oppose-kosovo-troops-training-at-falklands

    The Argentine embassy in Serbia tipped the Malvinas Secretariat that Kosovo’s Parliament had approved the sending of a group of Kosovo Albanian soldiers to the Falklands as a “peace support mission” and as part of its military agreements with the United Kingdom.

  40. https://www.cfr.org/blog/eu-outrage-clouds-hamburg-port-deal

    Prior to Chancellor Olaf Scholz’s visit to Beijing at the beginning of November, the German federal government allowed COSCO Shipping Ports Limited, one of the world’s leading port and terminal operators owned by the Chinese state, to purchase a 24.9 percent stake in a container terminal at Hamburg, Germany’s largest port. The Container Terminal Tollerot (CTT) is the smallest of the three HHLA owned container terminals in Hamburg. HHLA is a German logistics and transportation company that owns three out of the four total container terminals at Hamburg port. The port’s geographical advantage and extensive distribution facilities will help to secure COSCO’s position in one of the most important European-Chinese trading hubs.

    https://en.wikipedia.org/wiki/German_Council_on_Foreign_Relations

  41. d dan says:
    @HdC

    “Sovereign debt can always be reduced through inflation, ”

    That of course, is mathematically correct, but most people live in the real world.

    High inflation will destroy the confidence in US dollar globally (which has already suffered much damage – notice Saudi is already considering using RMB for selling their oil, and China is having several high level meetings with middle East oil producers, including Saudis, this month). High inflation will also hurt the lower incomes the most – so it would not be politically acceptable.

    There is simply no escaping of the debt (or death) spiral of US (and most Western) economies – guaranteed. The most important issues for most people will be how and when the destruction happens, and who will benefit or being hurt, etc.

  42. vox4non says:

    All the rest of the real world needs is a high-handed move by either the USA or the EU (like they did with the SWIFT payments), to push them headlong into the alternate payment systems. Given the way the bureaucrats in Washington and Brussels have behaved, it’s a question of when.

    • Agree: Decoy
    • Replies: @Decoy
  43. katesisco says:
    @RoatanBill

    Sounds like the future. I looked at REMITTANCES AND SEE several EU countries on the list before Russia and even the US. France’s remittances are high, implied is bank fraud.
    How would a SOLAR EMP affect this pending crisis? The whole scheme is a fraud skimming money from the remittances.

    • Replies: @RoatanBill
  44. @katesisco

    My understanding of the word remittances has to do with country A’s workers sending money to country B, the one they have relatives in and where they came from. I don’t see the connection to bank fraud. Please explain.

    As far as a solar EMP, that would, in an instant, send civilization back to horse and buggy levels depending on what patch of geography was involved. The Carrington Event of 1859 was a sample of what would happen and modern instrumentation has recorded recent CME’s, etc that are estimated to have been much larger but faced away from earth. We have dodged several of these bullets already.

    Last time I checked, Japan was the world leader in producing the large transformers that would be destroyed by such an event if unprotected. Most US transformers are unprotected. Therefore, a US facing ejection could destroy enough transformers with years long lead times to essentially relegate the population to survive without electricity for years. The economic domino effect would circle the globe and plunge the world into a depression. Since it’s electricity that is required for almost everything, that would mean food production, energy production, water filtration, sewage treatment, etc falls off a cliff leading to an ever worsening condition for years. Wars are fought for resources. You can imagine the rest.

  45. katesisco says:
    @RoatanBill

    Add to the doomsday scenario the fact that the first wave of ‘gov ‘ retirees has swarmed and the property you thought was safe is not.
    My husband and I hoped to acquire a middle class life for the children, owned property, home safe from debt, but the parasites swarmed and the vultures swooped, and this in the community where we were part of, Rhinelander WI.
    IF I am correct in my 25 year look back, they also intended for me to sue after my home was so blatantly acquired, and I would then be the final exclamation point that brought TWO modern owner built homes into their possession. With the blame falling primarily on myself, brain damaged at 2, assaulted by others at 12, and needing to be vanished before I resulted in another MeToo against the power group. All wrapped up neatly in a social worker stitchery of coercive hypnosis. With Tom Surren of Gallatin TN being the stamp of approval.

    • Replies: @RoatanBill
  46. katesisco says:
    @HdC

    I never understood why our Middle East wars had a ‘good for’ date of 20 years. I thought it was just to create the new generations ‘familiar and trusting’ in the US military occupying force. I stand disabused.

  47. @katesisco

    What do you mean by .gov retirees swarming? How do retirees from anywhere affect you so negatively?

    How did you lose two homes that had no debt? This has to be some tax or fine situation or some other voodoo invented by gov’t.

    I looked up Tom Surren of Gallatin TN and discovered he’s a Psychologist, aka bullshit artist. What has he got to do with you in Wisconsin?

  48. Decoy says:
    @vox4non

    I think Washington D.C. is oblivious to the discontent among non-western governments regarding the past 20 years of strong arm tactics using the USD’s privileged position and the Swift messaging system. In the 77 years, since end of WW 2, the USA has transformed from world’s liberator, to world’s bully, to world’s mafia. China’s rise makes it possible for the non-western world to have an alternative to the world’s mafia. And Washington D. C. Is not taking it well. Nevertheless, a bipolar world is progressing. Only question is how rapidly it will occur.

    • Replies: @mulga mumblebrain
  49. @The Ogs

    When it’s all paper, it’s a sham, and it will be carried to the 9th powers.
    To bring things to an equilibrium, i.e a level playing field, these powers need to be eliminated and bankrupted.
    The Banking world has invested billions in image. They are no different than your local pawn shop owner who robbed you of your Timex when you were sixteen and you pawned it for five bucks.
    They are the spawn of the same reptiles, slimy tribe.

  50. @Decoy

    The world was liberated by the Red Army. The USA has ALWAYS been a murderous armed nuthouse bent on genocide, destruction and pillage. There can be NO multipolar world while the USA exists-it’s Satanic ruling elites will NEVER allow it.

  51. @H. L. M

    Much of northern Mexico is rapidly becoming uninhabitable for humans as a consequence of anthropogenic climate destabilisation, hence the huge numbers flooding the USA.

  52. Athena says:

    The usual behaviour of the US-Nato and West’s pathologic jealous:

    Egypt Joins the New Development Bank as IMF Twists the Screws

    https://journal-neo.org/2022/12/14/egypt-joins-the-new-development-bank-as-imf-twists-the-screws/

    Recently, Egypt ratified its participation in the New Development Bank (NDB) founded by Brazil, Russia, India, China, and South Africa (BRICS) back in 2014. But interestingly, neither the New York Times nor any other mainstream western media outlet covered the news.

    Egyptian President Abdel Fattah al-Sisi’s cabinet finally ratified the agreement establishing the NDB and Egypt’s accession document to that institution, which finances infrastructure and sustainable development projects in energy, communications, health and safety, transportation, and water projects. According to a report on RT, the NOB has funded projections to the tune of $7 billion-plus in India alone.

    Ironically, the last time the NYTs mentioned Egypt’s plans to join was in an article back in March of 2013, just before the west launched its Russophobia campaign aimed at the Sochi Olympics and before the Euromaidan coup.

  53. Athena says:

    Siemens wins new order for grid control and smart metering infrastructure in Egypt

    https://www.zawya.com/en/press-release/companies-news/siemens-wins-new-order-for-grid-control-and-smart-metering-infrastructure-in-egypt-uvbf2q1e

    See also on: https://www.egypt-business.com/company/details/Multigate-Egypt—----

    Aton resources completes phase 2 diamond drilling program in Abu Marawat concession

    Egypt plans to start mining Uranium in 2024

    Sisi orders speeding up supplying New Delta project with electricity

    Egypt’s authorities intervening to control gold market

    Centamin increases reserves at its Sukari gold mine in Egypt

  54. Even without reading the article, I know it’s more of this collapse of the dollar as reserve currency bullshit that I’ve heard spun for the last 30 years. Good luck with that, Pabloid, Pablum, whatever your dumb name is.

    • Replies: @Decoy
  55. Decoy says:
    @Henry's Cat

    The dollar is not going to collapse. However, a steady erosion of its prominence is likely to continue. Washington D.C. Is no longer considered to be a reliable business partner so why would countries around the world want to risk their entire foreign reserve currencies to the whim of one individual….the President of the United States. What Biden did to Russia’s $300 Billion was the straw that broke the camel’s back. There is no going back and the world will be better off for it.

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