Category Archives: Ukraine

Turkey, the Geo-Strategic Pivot of History

To paraphrase Napoleon: “Geography is destiny; control Constantinople, control the world.” This was true in the time of Napoleon, and it is even more true today.

Turkey was one of the most faithful allies of the US. It helped the US in the Korean War, 1950-53. A NATO member since 1950. To whatever the US wanted, Turkey said yes. Turkish labour helped rebuild post war West Germany. But Turkey was taken for granted by the West, essentially a colonial entity in possession of the most geo-strategic real estate in the world…

How things change. Today, the US and Turkey are in confrontation mode. Until July 15, 2016, Turkey embraced the US- Israeli view of Syria; Assad must go, because Assad would not buckle. There was a confrontation with Russia. A Russian plane was shot over Syria by a Turkish jet. A Russian ambassador was assassinated in Turkey. Trade sanctions were imposed on Turkey, and Russian tourists boycotted it. The US was hoping for an irrevocable confrontation between Russia and Turkey. A coup d’état against Erdogan, if successful, would make this confrontation with Russia permanent. This confrontation would re-enforce the Wall of Enmity which the US is building from the Baltic, the Ukraine, Turkey, Syria, Iraq, India, yes India through the Straits of Malacca to the Philippines, Japan, and South Korea. If the coup d’etat had been successful, Russia would have been eliminated from Middle East involvement.

But the coup did not succeed, possibly with Russian help. Erdogan apologized to Putin, and relations normalized. Slowly, rapprochement between Turkey and Russia became friendly. And then suddenly, three countries: Iran, Turkey, and Russia synchronized their Middle East policy especially in regards to Syria and Lebanon and Hezbollah. So, now, instead of Russian disarray, one has US-Israeli-Saudi disarray.

How will things play out? World events cannot be taken in isolation. The Wall of Enmity has been breached in two places: the Ukraine and Turkey. The Wall of Enmity in North East Asia is stable, because the tension is high.

The situation in the Ukraine is different because of the German situation. Germany is entering a period of uncertainty. Whoever and under what circumstances the next German government is formed, the German people will demand independence, denuclearization, and the end of US military occupation. The Germans are increasingly yearning for an independent foreign policy. The US will try to prevent a German exodus by increasing tensions and the chances of war in the Ukraine and blaming Russia as the aggressor.

Turkey is the key geostrategic pivot of History. The Turks are a proud, nationalistic people. Under Erdogan, they have had the first truly independent foreign policy since the time of Kemal Ataturk. They will not buckle to Western pressure. They do not care for the EU. By being independent and moving closer to Eurasia, Turkey will help reduce or even eliminate Western influence in the Middle East. Turkey will withdraw from NATO very slowly and the US will not push. If Turkey withdraws, NATO unravels. That is the one thing the US does not want.

Another attempt at a coup d’état cannot be excluded.

 

 

 

 

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Brief Observations

North Korea, I have said in my tweets, is a side show. The US is caught in Zugzwang. If it opts for war it will lose all its teeth and lower jaw. South Korea and Japan would be severely damaged or even destroyed. The US fighting North Korea is like a lion fighting the porcupine. If a porcupine quilt gets into the lions mouth, the lion will have a miserable fate. The US will huff and puff, but will back off. The nuclear option is off. However, tension could increase to war if the dollar position as reserve currency is threatened. China will start trading oil in yuan backed by gold. The US is upset and may sanction China. The chance of war with the Koreans will considerably increase?

The Ukraine situation is critical. The Ukraine is dying. Ukrainians are ready to revolt. Most of the Ukraine is Ethnically Russian. The Ukraine will rebel. The uprising will be massive. Donbass will help liberate the Ukraine. Poroshenko and company will be hunted like rats. The Ukraine will return to Russia. The US and EU will huff and puff but will be helpless.

Venezuela will not buckle. The opposition has no credibility. They are sold souls. External forces with the help of the opposition will try to overthrow Chavismo but they will fail. The barrios and armed forces will not allow Chavismo to fail. Venezuela is abandoning the dollar. It will set an example for the rest of Latin America.

Middle East Conundrum. A huge Islamic Alliance is forming: Hesbollah of Lebanon, Syria, Iraq, Iran, Turkey, Qatar, Yemen, and others. This alliance has thrown its weight behind Assad of Syria. External forces will try to assassinate Assad, but they most likely will not succeed. Panic is gripping Israel and Saudi Arabia. Assad is winning and that is anathema to Israel and the US. Big war is in store over water, strategic resources, and control of the area.

The biggest problems facing the world are the debt and the dollar. Debt is  becoming unbearable for most countries. Most debt is denominated in US dollars. This has given the US a power that has no parallel in world history. It is unique and flawed. This system is neo-slavery. By trapping the Third World in dollar debt, the US gets all the natural resources on a dollar plate for free. The enforcers of this arrangement are the International Monetary Fund and the World Bank, backed by the Pentagon.

But the world is waking up and questioning this arrangement. Nations are moving away from subservience to economic independence, and this is the Achilles Heel of this economic arrangement. As more nations abandon the dollar, a huge economic crisis of epic proportions is unfolding.  The system is entering Kaput stage which could lead to war. We will see.

Delenda est Russia

The idea to destroy Russia is not a new idea for the West. The most recent example was in Germany, 1941- 1945. The US declared war on Germany only after the German declaration of war on the US, which resulted from the Japanese sneak attack on Pearl Harbour, Hawaii. Hawaii at that time was a colonial possession of the US. Britain declared war on Germany after Hitler invaded Poland. Britain was obliged to honor its commitment to France. France and Poland were very close to each other, like hand in glove, but many in Britain opposed the declaration of war.

The Japanese attack on Pearl Harbour was choreographed by the US. The US embargoed the oil supply to Japan from all Western controlled oil sources. Also, Japan was forbidden the use of the Panama Canal. Japan had no choice: surrender or fight. So Japan chose to fight, hoping for a knockout blow. It didn’t work out however because the US broke the Japanese secret code. So the US decided to play the victim, leaving a few battleships in the Harbour; this Japanese venture was doomed to failure from the start. And the result: Japan is now an occupied country loaded with US military hardware.

The US played differently with Germany though. It declared war on Germany only after Hitler declared war on the US in December, 1941. By default, the US became a reluctant ally of Russia. Russia, alone, faced the combined might of Germany and all of occupied Europe. The British campaign in North Africa was a minor side show. The US lend lease to Russia was fully paid back by the USSR by the early 1950’s.

The Cold War started at the end of the Second World War. But even before the war ended, Churchill had suggested, ‘Operation Unthinkable’: Britain and the US to join the Wehrmacht in fighting the USSR. The decay of the USSR started with its de-Stalinization under the leadership of Nikita Khrushchev. The USSR was kaput by 1991. A decade of plunder began under Boris Yeltsin, and the end of history was proclaimed. Had Western liberalism triumphed?  US hegemony was peaking and Russian weakness was bottoming out.

By 2000, Russia was weak but not defeated. Under a new leader it rose like the Phoenix from the ashes, resilient and getting stronger by the day. And all along since 1945, the US has been playing the dollar card. All the financial games of the world have been controlled by US institutions: the Federal Reserve, the IMF, the World Bank, the Bank for International Settlements, and the Bank for International Development.

After the Ukrainian coup d’état of 2014, the US decided to destroy Russia economically and it applied an economic squeeze; they attacked the ruble. In a matter of weeks, the ruble dropped from around 29 to the dollar to over 70 to the dollar. Oil prices collapsed from near a hundred dollars per barrel to less than thirty dollars per barrel. This hurt Russia badly, but Russia did not buckle. The West then applied sanctions on Russia. They tried using SWIFT, Society for World Wide Financial Transactions, to ban Russian transactions but backed off; Russia now has its own version of SWIFT.

The Third Law of Motion states: For every action there is an equal and opposite reaction. Russia banned agricultural products from the West. It stopped using Baltic state ports and rail systems which had been built by the Soviets. The result: hardship for the farmers of the EU and severe economic injury to the Baltic republics. Russian agriculture is now booming. Russia has become the number one wheat exporter in the world. Western sanctions should remain permanent because they only help the Russians, they are a blessing in disguise. It must be understood, Russia is an autarchic power par excellence, the only one in the world; it cannot be destroyed economically.

Russia cannot be destroyed economically, because Russia is an autarchic power. So, the West will try  to control Russia militarily by using enhanced nuclear weapons which are very unique. Whether the Russians or the Chinese have any inkling of these weapons is unknown. China and Russia must be destroyed at the same time for the West to be successful. That is the theory and the belief of the planners. However, the destruction of the planet Earth, will more likely be the result.

The significance of India-Pakistan animosity in the world of geo-politics

When India achieved independence from Britain in 1947, it split along the religious line: the Hindu India and Islamic Pakistan. The split was encouraged by the Anglo-Americans. The British did not like Mahatma  Gandhi or Jawarhal Nehru, and preferred Muhammad Ali Jinna, the founder of modern Pakistan.

When the split occurred, Hindu India, a much bigger country, ended up with Jammu Kashmir, a  beautiful Himalayan valley populated mainly by the Muslims, but ruled by a Hindu who sided with Hindu India. The fight over Kashmir persists to this day and will persist into the future.

Both Pakistan and India are multi-ethnic. In 1971, Pakistan split into West Pakistan, a larger region west of India, and East Pakistan, east of India, the so called Bengal. Its new name is Bangla Desh, land of Bengalis. Bitter war was fought in East Pakistan by West Pakistan to keep  East Pakistan in union with West Pakistan. Three million Bengalis lost their lives. Under the leadership of Indira Gandhi, the daughter of Nehru, India helped East Pakistan to become independent. The US sided with West Pakistan, and President Nixon sent the 7th Fleet from the western Pacific into the Bay of Bengal to intimidate the Indians. It did not work, as the Soviet Union sided with India. In December of 1961, Russia sided with India over the annexation of Portuguese Goa, while the US and Britain sided with Portugal. India considered Russia an “all weather friend”. How things change!

India is much bigger with a population of over 1.25 billion people and land area of around 1.2 million square miles. Pakistan, on the other hand, is much smaller with a population of over 200 million and a land area of around 300,000 square miles. Strategically speaking, Pakistan is holding more pivotal connections of Asia. Pakistan borders China on the North-East, India on the East, Afghanistan on North-West, Iran on the West, and the Indian Ocean on the South. India is considered a subcontinent of Asia jutting out to the Indian Ocean. Its land borders are Nepal, China in the North, Bangla Desh, Mayanmar to the East, Pakistan to the West.

Pakistan has a strategic relationship with China and a subservient role vis a vis the US. India has a rather cool relationship with China because of its’ border disputes in the Himalayas, a warming relationship with the US, and a geostrategic relationship with Russia.

As China enters the global stage, it is developing trade routes with South-West Asia and Europe via Pakistan, Iran, Turkey, the Balkans and into Europe, and if Turkey achieves rapprochement with Russia, the process will accelerate. Also, Pakistan is a transit country enabling the US to invade Afghanistan, maintain military operations against the Taliban, and control the opium trade, a highly profitable enterprise that helps maintain the dollar as the Reserve Currency of the world. It is self-evident that Pakistan is extremely important, geo -strategically speaking, to US and China; it is also a nuclear power.

As mentioned, India is a large and important country of the Asian Subcontinent and the center of Hindu Civilization. It has had a very independent foreign policy, first as the co- founding member  of the Non-Aligned Movement, and now as the co-founding member of BRICS, { Brazil, Russia, China, India, and the Republic of South Africa.) It is a nuclear power, and the 6th or the 7th economic power of the world.

India is drifting West, buying high tech weapons from Israel, Rafale jet fighters from France. It is entering some sort of military basing arrangements with the US which has never happened before. US wants India to be a keystone in the Wall of Enmity that the US is building from the Baltics, Poland, Ukraine, Black Sea, Turkey, Syria, Iraq, Persian Gulf, India, Philippines, Japan to South Korea. The Wall would hem in Iran, China, North Korea, and Russia. The gate keeper with the keys would be the US.

If India joins the Wall of Enmity though, it would lose its privileged geostrategic relationship with Russia, and its moral influence in the world. It would also lose its influence in BRICS, and would never be able to participate in the Silk Roads that China and other countries are building. India would become the odd man out on the Afro-Eurasian land mass. India, most likely, will not join the Wall of Enmity. However, the only certainty is uncertainty.

Pakistan, on the other hand, would like to break out from US subservience. It has sent feelers to Russia. Russia and Pakistan will hold some kind of military exercises very soon. India is upset, understandably so, but India should understand that if it has the right to choose its partners, then so do other countries.

Afro-Eurasia and Latin America are coalescing, as more and more of its’ countries are abandoning the strict subservience which the US dictates. They are using their own currencies in two way trade, thereby avoiding the dollar and trade is growing amongst them  as a result. India, Pakistan, Iran, and Venezuela want to join the Shanghai Co-operation Organization. Other countries are also trying to re-assert their independence: Turkey, Philippines, Japan, plus France, Germany, and Italy are in the game.

The animosity between India and Pakistan might impede the coalescence of Afro-Eurasia. An India connected to the West would not be interested in Afro-Eurasian coalescence and a geo-strategic relationship with Russia. Pakistan, on the other hand, because of its geo-strategic position would enhance the coalescence of Afro-Eurasia especially if it joins the Shanghai Co-operation Organization and BRICS, minus India, and possibly, Brazil. So history is implying that with or without India, Afro-Eurasia and Latin America are coalescing. Only time will tell.

 

The Dollar Armageddon

The essential plan of the West is total domination of the Earth, which would result in the flow of all natural resources and all natural wealth to the International Community of the West from the rest, as was done under Colonialism. This new phase of exploitation is being carried out under the banner of Globalization. The Anglo-Americans, the British Empire and the US, were the organizers of the new financial system in 1944 at Bretton Woods, New  Hampshire, US., today known as the Bretton Woods Agreement. The chief players were John Maynard Keynes of the UK, Harry Dexter White, and Henry Morgenthau Jr. of the US Treasury.

The Anglo-Americans realized that the Colonized World wanted to be decolonized and independent, and since they could not prevent decolonization, they decided they could slow it down and install their own puppets. Any new leader who rebelled against Western control would be overthrown or even killed. Winston Churchill proclaimed the Cold War against the USSR in 1947 in Fulton Head, Missouri, USA. Patrice Lumumba of the Belgian Congo comes to mind. He was impaled and killed in 1961.

Globalization began. Beautiful phrases, such as “Food for Peace” programs were used to entrap  newly independent states. Foreign Aid was used not to help but to enslave. The International Monetary Fund{IMF}, and the World Bank were the chief agents of debt enslavement.The Cold War was in full swing.

Despite the massive destruction of the USSR caused by the German invasion in the Second World War, the basic living standard of the Soviet Union was higher than that of the US.  Housing was tight, and families lived together in cramped quarters because of the war destruction, but the Soviet People had jobs, free education, free health care, one month vacation, and one year maternity leave with pay. Public transportation was available. Just compare the metro systems of the two countries in the nineteen fifties. Basic consumer goods were available, but an abundance of consumer goods was not. The Soviet People had job security and a sense of serenity which was not available to the West.

Western policy makers decided to push three things on the world: abundant consumerism vs socialist austerity, wide spread debt at home and abroad, and world-wide militarization as exemplified by NATO, SEATO, and CENTO*; in other words globalization. US banks and corporations were everywhere. American Culture, food, and military bases were everywhere; the US was omnipotent. Credit cards were introduced in the 1960’s. (Remember the commercial for American Express? “Don’t leave home without it.”) Western corporations yearned for profit and huge profits were associated with cheap labour. Western factories were moving East to China, when China opened up in 1979, and to other countries of the East and South as well.

Wages in the US were deteriorating for the working class since the early sixties of the last century, but the US corporation has been doing great. In the 18th and 19th centuries Western corporations were moving slaves from Africa to the plantations of North America, the West Indies, and South America. In the latter half of the 20th Century and the beginning of the 21st Century, corporations have been moving their plantations, factories, to the slaves. 95% of Americans today belong to what I call the Precariat Class, a totally dispossessed economic class.

In 2016, Americans still don’t have tax based universal health care, no free education of superior quality, no affordable housing, no public transportation, and outright home ownership is only around 11%. No wonder Americans are angry, and this is why Donald Trump is winning. The ownership class cannot stop him in an “honest way”, so they will try to stop him either by hook or by crook. Massive demonstrations may occur in defense of Trump. Martial law may be imposed, and the presidential election may be postponed or even cancelled.

Economic conditions are no better. Real unemployment is high, anywhere from 20% to 42%. Wages are stagnating. Ninety million Americans are not working. Obesity, a side effect of the American economic system, is in epidemic mode. Sixty six percent are obese and thirty seven percent are morbidly obese. Chronic diseases such as diabetes, hypertension, cancer are rampant. Life expectancy is going down. Basic infrastructure is collapsing. People are over medicated. Grocery stores are full of embalmed, genetically modified food ( but beautifully packaged!). All for profit, and without giving a damn about people or the environment. Just look at Flint, Michigan and their drinking water. The US, the hope of mankind, is becoming a third world country.

The world economy is no better. Much of the world is either in severe recession or depression. The Baltic Dry Index has imploded, with slight improvement lately. World consumption has collapsed, hence massive slowdown from South Korea to Germany. Japan is in perpetual depression. China is slowing down. Latin America, Africa, and South Asia are either in near or full depressions. Canada, Australia, the European Union are either in severe recession or are entering one. The Ukraine is on the verge of exploding. The Middle East is a cauldron that will enlarge. The only area of stability is Russia and the Commonwealth of Independent States. Sanctions against Russia are great blessings in disguise. Import substitution and self reliance are engines of growth and power. Presently, Brazil and Venezuela are being destabilized from outside and inside.

In summary, unnecessary consumption is collapsing world wide. Debt in dollar terms is still growing  but at a snail’s pace. World wide trade is collapsing. Countries with an independent foreign policy such as India, Iran, China, Russia, and others are accumulating gold and shunning the dollar. This is a nightmare for the US. It is quite possible that some obscure company somewhere in the South Asian region will reject trade in dollars, but will accept gold or Chinese yuan. Panic will set in. The dollar could drop by twenty percent in overnight trade. Gold and silver would sky rocket. Trade between the US and the world would collapse. Interest rates in dollars would rise to an unbelievable level, but would not help the dollar. The US could not import anything with its currency, but only with gold or some foreign currency which was convertible to gold. The Armageddon of the dollar is coming. The ownership elite of the US will know for the first time in its history what it’s like to actually work for a living rather than living off the suffering and labor of others. My analysis is very, very correct and true but only time will reveal that.

 

*= NATO: North Atlantic Treaty Organization SEATO: Southeast Asia Treaty Organization

     CENTO: Central Treaty Organization

 

 

 

Ukraine is about to attack Novorussiya

Violence is increasing along the line of demarcation in Novorussiya*. The Kiev Regime is planning something, and it’s a matter of war or collapse, so it has chosen attack. Heavy equipment has been moved to the front, and a new mobilization of fresh troops has taken place but the results have not been impressive. The economy is collapsing and the regime of Yatsenyuk is on the verge of self destruction. Poroshenko wants to replace Yatsenyuk with American-born finance minister Jaresko. The Americans are getting impatient, and they want action…

The US is afraid that the European Union is going to lift sanctions against Russia this year. If this happens it will mean that Europe wants a rapprochement with Russia. They realize that a future without Russia is not possible. The war in the Ukraine would create animosity towards Russia which would be music to US ears.

The second reason is that this is the last chance for an offensive by the Kiev regime against Donbass and Lugansk. They are in the same dilemma that Germany was in before the Battle of Kursk in the Second World War.

The third reason is Syria. The US and its coalition is not doing well. Turkey and President Erdogan are going berserk; they are pounding the Kurds of South East Turkey. It seems that civil war is inevitable for them. So the US hopes that a war in the Ukraine might improve its position in Syria.

Spring is here! An ideal time for war. The Ukrainians have been re-equipped by the US. US military personnel are swarming all over the country. Numerous mercenaries have been in the East. Also, both sides have realized that the situation can only be resolved by war. The Minsk II Agreement was never honored by the Ukraine, but the failure has been blamed on Russia.

When the Ukrainian attack comes it will be massive, but the Novorussiya line will hold. Donbas will then counter attack in three directions: Kiev, the River Dnieper region; Mariupol, Odessa region; and Kharkov. People will join the Donbass Army, and the Ukrainian Army will mostly desert. The Kiev regime leaders and the oligarchs will try to escape to Canada, Israel, the US, and some other countries. Many will be caught and punished. The Ukraine will take its rightful place in the Commonwealth of Independent States. Only time will tell.

*Novorussiya is the region of the Eastern Ukraine which is in rebellion. It consists of the two provinces of Donetsk and Lugansk

Will the dollar be defended to the end?

In many  of my previous posts, I have stated that the US Economic System is based on three pillars of paper, and all three of these are based on debt. The three pillars of paper are the dollar, the bond market, and the stock market. Of the three, the dollar is the most important because it is the essence and instrument of US power. In the 1951 film version of Charles Dickens’ short story “A Christmas Carol”, there is a character, Mr. Jorkin, who says: “Control the cash box and you control the world”. The US has been controlling  the world since 1944, when the Bretton Woods Agreement was signed. The dollar became the reserve currency connected to gold at 35 dollars an ounce, and other convertible currencies were connected to the dollar. Nearly all trade and debt was denominated in dollars. Economically and financially speaking the world became dollar centric.

However, the dollar is still connected to gold, because the dollar without gold is like a fish without water. It cannot exist as the Reserve and Official currency of the world. It can only exist as the local currency in the US, because in the US, the dollar is the Legal Tender. The Petro Dollar depends on the whims of OPEC. It is not reliable. Gold, on the other hand, has the full backing of Mother Earth. Gold was created  when the Universe was created, and has the Energy of the Sun. Petroleum can be consumed, but gold cannot be consumed nor destroyed.

For the dollar to be convertible into gold, gold must be available in dollar terms at any price anywhere in the world. If that relationship ceases, the dollar can no longer be the reserve currency of the world. Powerful non Western countries are accumulating gold on the cheap, at around eleven hundred dollars an ounce. In one of my previous posts I stated that gold is leaving the West and going to the rest, especially to the East.

There is a “purpose” to this lunacy. By keeping the, dollar “artificially” strong, the US is destroying the countries of the world which are indebted in dollars. They are further pushed into economic slavery by the International Monetary Fund, {IMF}, and the World Bank. Both banks are agents of the US, despite international sounding names. Indebted nations are in severe depression. They are selling their natural resources for pennies on the dollar. They cannot buy any manufactured goods from China, South Korea, Japan, and Europe, so these regions are slowing down which further puts pressure on commodities. First world countries like Canada, Australia are entering severe recession, if not depression, while counties such as Brasil, Venezuela, Argentina, and others are entering depression. The currencies of these and other countries are collapsing. Russia and China are special targets. These two countries must be destroyed or neutralized for the US to have  total world domination. High Noon is fast approaching.

Russia is the “special” target. Russia has the capacity to be totally self-sufficient as it was during Second World War when it was the Soviet Union.  Germany in 1942 controlled all of  Russia just west of Leningrad, west of Stalingrad. The Soviet Union could not be defeated despite the fact that Germany controlled all of Europe. A similar situation exists today. For the US to control the world it must subjugate Russia. How to do that? Simple: economically. The first stage was to tear the Ukraine from Russia. So far it has not succeeded. The Ukraine is a political, economic, and moral mess. It is on the verge of collapse. When the Ukraine collapses, people will rise up, take over, and join Russia. Nuclear war against Russia is unthinkable for it would mean catastrophe for Humanity and all life on Earth, although the possibility of nuclear war is at its highest ever. The only alternative is economic strangulation.

To strangle Russia you simply have to tear it apart economically. Because of the Ukraine and Crimea, sanctions were imposed by the West and the countries closely associated with the West such as Japan. The Russian currency was attacked and devalued but not destroyed. The oil price was made to collapse  with the help of Saudi Arabia and Gulf Arab States. Military pressure was applied on the president of Syria. Propaganda against Putin was increased. Russia calmly responded; counter sanctions against the West. They are hurting badly. Devaluation of the Ruble is essentially positive, but the low oil price is not. Russia is the number one oil producer in the world and exports two thirds of its oil. There is a cushion of profitability. Russia suffers but will not buckle.

Russia is fighting back. It is avoiding the dollar like the plague. It is signing trade deals with other countries in their respective currencies. It is developing its own SWIFT,or Society for Worldwide International Financial Transfers. It is also developing worldwide tele-communication systems which exclude the West. With the help of Iran and Hesbollah it is successfully fighting ISIS in Syria. Yemeni Houthis have check mated the Saudis in Yemen. The oil price collapse which the Saudis helped to engineer is hurting them economically. Rebellion is brewing in the country. The Shia, in the Eastern Provinces where the oil is, are very restless. Foreign workers and native Sunnis are also very restless. In one of my previous posts I stated that Saudi Arabia will first implode then explode. This will be very negative for the dollar.

China is being courted to let the renminbi join the IMF currency system which would enable the dollar to continue to be reserve currency of the world. China will play the game even though it does not trust the game because it has no choice; it is trapped in the US financial  web. China is trying to extricate itself slowly from this trap. China is buying gold and selling US Treasuries. It is expanding non US trade and aid using the renminbi; the dollar is under attack.

But the US is fighting back. The TPP, Trans Pacific Partnership, was negotiated with some South East Asian and Latin American countries. Japan, Canada, Australia, New Zealand, and Mexico are included. The idea behind the agreement is to consolidate the use of the dollar in trade. A similar agreement is being negotiated with the European Union, the Trans Atlantic Trade and Investment Policy. Will the US succeed in keeping the dollar official currency of the world?Nobody knows.

If the dollar is dethroned, it will be catastrophic for the US. The US will lose the instrument of enslavement. It will no longer be able to exploit the rest of the world through usury. It will no longer be able to finance itself without inflation, followed by hyperinflation. It will no longer be able to maintain military bases in other countries and project its power. The US stock and bond markets may collapse, and the dollar may follow. The people who control America are strong believers in the saying: “It is our way or the highway”. “High Noon” is around the corner. If the US fails, it will become the third world country of North America. In many ways, it already is. Only time will tell.