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Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...


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DaveFagan

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Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?... | Kitco Commentary

"In Why they are making an enemy of Russia? we looked at two of the key reasons why the US is making an enemy of Russia, namely the promotion of conflict by the powerful Defense industry lobby in order to keep its order books full, and the value of conjuring up an external enemy as a hate figure for the masses, in order to take the heat off the government. In this article we are going to look at what is arguably an even bigger reason, that was largely omitted in the earlier article, which is that Russia, in alliance with China, is threatening to bring an end to the dollar as the global reserve currency, which would mean the end of the American empire.
We are witness to the greatest struggle of our age – the battle to maintain global dollar hegemony, and with it US economic, military and political dominance of the entire planet – and this struggle is now coming to a head.
Notwithstanding its undeniably great accomplishments of the past hundred years, the relationship of the United States to the rest of the world is parasitic. This is because it creates money and debt instruments out of nothing, requiring virtually no effort, which it then swaps for goods and services with other countries. Because the US dollar is the global reserve currency, it is able to rack up astronomic deficits that would be untenable for any other country. US debts are now at such levels that if the US dollar loses its reserve currency status, the United States economy will implode and it will quickly be reduced to the status of a banana republic – hence the sense of urgency in the face of growing threats. "
snip
"Any state that moves to opt out of using the dollar as a medium of exchange is dealt with, forcibly if deemed necessary. The tactics are threefold – economic blockade (sanctions), the funding of an internal revolution, perhaps assisted by US special forces, and an outright military invasion, or perhaps a combination of the three. This is what happened in Iraq and Libya, both of which planned to trade their oil in currencies other than the dollar. Perhaps the greatest irony of all is that the world’s savings, via the Treasury market, are used to fund the vast US military machine with its hundreds of bases spread across the world which forcibly makes sure they stay yoked to this system."

"Enter Russia (and China), the biggest threat yet to dollar dominance. These large powerful neighbors have entered into various major currency and trade agreements in the recent past that do not involve the dollar, and therefore pose a serious threat to the dollar’s reserve currency status that left unchallenged would bring it to an end. Once you understand that you understand the reason for the recent propaganda blitz against Russia. In addition China has been busy mopping up the global gold supply for several years, as early preparation for the eventual backing of its currency by gold, which will put the final nail in the US’ coffin, as the unbacked dollar will collapse completely when this happens. "

"
A sad irony for the American people is that even though the US has the ability to swap unlimited intrinsically worthless paper for goods and services from the the rest of the world, the infrastructure of the country is crumbling and many Americans already live in poverty on “food stamps”, and even the great US middle class is being squeezed. This is because the elites don’t care about the country or the masses – all they care about is power and the amassing of personal fortunes. "

"snip
The US searched for a geographic doorway through which to attack Russia – the North and east routes don’t work because they are either ocean or China, countries like Poland in Europe wouldn’t do either, because they are firmly in the Western camp now, but the Ukraine was perfect for the job because of its being a large country on the SW flank of Russia that is torn in two directions, having old loyalties and blood ties to Russia, and aspirations to a closer union with Europe – the perfect place to foment a pro-Western revolution and perhaps a civil war that would draw Russia in and could then be used as an excuse to implement sanctions. That is exactly what has happened. "

"
So now we have sanctions, but the problem for the US is this – they probably won’t work. They will cause damage, especially to the fools in Europe who have slavishly followed their orders from Washington to implement them, but they probably won’t destroy the Russian economy as the US is hoping. This is because the Russian economy is very big and can if necessary operate on a self-sufficient basis, especially as it has its own oil and gas, and an important supportive factor is that it has a big powerful neighbor in the form of China which knows it will be “in the firing line” after Russia, and is thus quite happy to enter into a mutually supportive relationship with Russia. China and Russia look set to form a “dollar free” axis and tough it out with Washington. The Chinese have worked all this out in advance, as has Putin, which is why, in addition to mopping up all the gold available on the market in recent times to later back its currency, it has been beefing up its military in readiness to counter future threats from the US military, which is already making moves to reopen bases in the Philippines, and engaging in other expansionary measures in the west Pacific.
Meanwhile, in the Mid-East, we have the Islamic State movement, which appears to have arisen spontaneously to fill the power vacuum that was created when US forces quit Iraq. We should not forget that although Iraq has existed for many decades, the country in an artificial creation of the British after the collapse of the Ottoman Empire in order to control the region and its oil reserves. The US is trying to stop them with air power, but without “boots on the ground” they are unlikely to succeed. Although Israel is looking on with satisfaction as Arab kills Arab, it had better hope that the dollar doesn’t lose its reserve currency status, or they could be in big trouble as the conveyor belt of money and arms across the Atlantic from the US could grind to a halt. "

Is this an accurate play by play of contemporary World financials?

Is the USA creating this embroglio?

Are average citizens aware of this information?

Is the narrative above an over-reaction to events?

Do you understand dollar hegemony? Relate it to printing money from nothing.

Why does this come from an economic website? Sounds like scumbag politics.

The poll question, "Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?..."
 
If one follows the link in the above post, excellent photos and graphs are available, and the complete narrative with no "snips." This narrative that generates the question was published on a well-respected economic site and shows deep interest by the economic community. Sorta spooky how all the economic info ties together with geopolitical machinations and current events.
 
I'm really surprised there has not been response to this post. It is educational, well-written, and elucidating as regards mega-economics. I do realize that it flies in the face of the Mainstream Brainstream Media distortion of the kindly USA policing and babysitting the helpless and homeless, but events close to home will reveal the attitudes towards the helpless and the homeless. Is it possible that these geo-political subterfuges actually represent the intent of the electorate of the Nation. I think not. Politicians represent two sides of the same coin. Crist in Florida is a good example. When the money is right, he's a Democrat. When the money is right, he's a Republican. That should speak volumes. Crist represents a proven vote getter and well recognized personality that seems to be for sale. He is from the same mold as our New York politicians, and our National politicians. What does the electorate have to say about anything? I guess we have to wait for the money to be right, eh? Now we discuss this money in an International paradigm and lo and behold, what does the electorate have to say about anything? Everything is about the "funny money" and nothing is about humanity. Talk to me. What are we going to do? How do we fix things? Where do we start?
 
The US is certainly going to do everything in it's power to maintain the status of the dollar. But the dollar's power will decrease, regardless of what happens with Russia and Ukraine. Too many people around the world recognize the folly in giving the dollar such hegemony. Those days are numbered.
 
The US is certainly going to do everything in it's power to maintain the status of the dollar. But the dollar's power will decrease, regardless of what happens with Russia and Ukraine. Too many people around the world recognize the folly in giving the dollar such hegemony. Those days are numbered.

One would have thought when the USA printed $4 trillion from whole cloth that the dollar's value would have reduced proportionately, but it did not. That's perplexing and suggests some manner of manipulation is/was ongoing. The Chinese won't kill the goose immediately because they are stuck with too many US Treasuries, I think around $2 trillion. The Chinese surplus is the result of a great export market, including the USA, although not only the USA. I recently read that China is 16.7 % of world GDP and the USA is 19 % of world GDP. It appears that the USA is trying to control energy markets worldwide to maintain a powerbase, but I think the policy is flawed and endangers us all. Libya, Iraq, Ukraine, Afghanistan, Egypt, Iran, Syria and what is the common denominator. If the USA can't control it, it shuts if off by destabilizing it. Big crooks in Big Energy. Big crooks in Big Banking, and Big crooks in Big Government.
 
One would have thought when the USA printed $4 trillion from whole cloth that the dollar's value would have reduced proportionately, but it did not. That's perplexing and suggests some manner of manipulation is/was ongoing. The Chinese won't kill the goose immediately because they are stuck with too many US Treasuries, I think around $2 trillion. The Chinese surplus is the result of a great export market, including the USA, although not only the USA. I recently read that China is 16.7 % of world GDP and the USA is 19 % of world GDP. It appears that the USA is trying to control energy markets worldwide to maintain a powerbase, but I think the policy is flawed and endangers us all. Libya, Iraq, Ukraine, Afghanistan, Egypt, Iran, Syria and what is the common denominator. If the USA can't control it, it shuts if off by destabilizing it. Big crooks in Big Energy. Big crooks in Big Banking, and Big crooks in Big Government.

That's a pretty good post. In terms of manipulation, they interfere in the stock market and screw around with the supply of gold. For example, if the price of gold starts to rise too much, they start flooding the market with it. Yeah, the Chinese got left holding the bag with those Treasuries. Somebody is laughing about that probably as we speak. They got suckered big time. Some years ago, I think it was the Prime Minister of China who was begging the US to remain a credible nation and honor it's obligations.

I really don't fault the US with trying to control the energy markets. It's the way the go about it that is the problem as far as I am concerned. They focus too much on bullying people with political and violent coercion instead of looking for ways to create a win win for both sides. I understand sometimes there may be a need for a heavy hand, but it's gotten to the point where we use that way too much to solve problems.
 
That's a pretty good post. In terms of manipulation, they interfere in the stock market and screw around with the supply of gold. For example, if the price of gold starts to rise too much, they start flooding the market with it. Yeah, the Chinese got left holding the bag with those Treasuries. Somebody is laughing about that probably as we speak. They got suckered big time. Some years ago, I think it was the Prime Minister of China who was begging the US to remain a credible nation and honor it's obligations.

I really don't fault the US with trying to control the energy markets. It's the way the go about it that is the problem as far as I am concerned. They focus too much on bullying people with political and violent coercion instead of looking for ways to create a win win for both sides. I understand sometimes there may be a need for a heavy hand, but it's gotten to the point where we use that way too much to solve problems.

The "create a win for both sides" has certainly been cast aside for belligerence. As I've watched the unfolding of the Ukraine tragicomedy, the arrogance and hubris of the USA has embarrassed me. If ever there was a Nation with the potential for a Win/Win solution, this was it. I believe we will lose our EU allies because of it and that we deserve to lose them. I view Russia as an exemplary figurehead of moderation and a Nation that has proceeded with honor in a trying situation. I honestly believe that Central Bankers and Big Energy Corporate are in control of USA statecraft and most likely through the CIA. Keep in mind that the CIA was formed to help USA Corporations overseas, like "banana Republics." IT&T copper Allende Pinochet, Iran Mossadagh BP, and is still covertly doing the same thing and for what it is worth, I don't approve. I just hope that when the US defaults on its' Treasuries to China, it doesn't start a war. Not to worry about those poor Central Bankers as they will have moved into commodoties just before the default.
 
The "create a win for both sides" has certainly been cast aside for belligerence. As I've watched the unfolding of the Ukraine tragicomedy, the arrogance and hubris of the USA has embarrassed me. If ever there was a Nation with the potential for a Win/Win solution, this was it. I believe we will lose our EU allies because of it and that we deserve to lose them. I view Russia as an exemplary figurehead of moderation and a Nation that has proceeded with honor in a trying situation. I honestly believe that Central Bankers and Big Energy Corporate are in control of USA statecraft and most likely through the CIA. Keep in mind that the CIA was formed to help USA Corporations overseas, like "banana Republics." IT&T copper Allende Pinochet, Iran Mossadagh BP, and is still covertly doing the same thing and for what it is worth, I don't approve. I just hope that when the US defaults on its' Treasuries to China, it doesn't start a war. Not to worry about those poor Central Bankers as they will have moved into commodoties just before the default.

Again, I think this was pretty much on mark. That said, a couple of points:

1. Because of nature of the alliance that Europe is in with regards to NATO, and because of it's very strong attachment to the banking system that is centered on the US dollar and the Federal Reserve, Europe does not have much choice but to support the United States in this situation. Of course Europe was very reluctant to play hardball with Russia because of it's dependence on Russian energy and the Russian markets for Europe's exports. But when the US decided to pull the trigger, Europe had to go along. And now, given the military nature of the conflict, Europe is on that train, wherever it may be going.

2. Although I do agree, contrary to propaganda that is being put forward in the media, that Russia has acted with restraint with regards to Ukraine, especially when you take into consideration that Ukraine is right on Russia's border, that Ukraine has a substantial Russian speaking population, that Russia depends on Ukraine for critical military equipment, and the Russia depends on Ukraine as a critical transit point for it's energy supplies to Europe, I think too little is known about just what Putin is about to rush in and say he is exemplary. I say that because although up until this point, I can understand well why he has made the moves that he has, I do wonder what he would do if he had the type of power that the US has. Would he be another Dick Cheney and run around the world unnecessarily using violent coercion to impose his will, or would he respect and uphold international law and human rights? I really don't know the answer to that.
 
Again, I think this was pretty much on mark. That said, a couple of points:

1. Because of nature of the alliance that Europe is in with regards to NATO, and because of it's very strong attachment to the banking system that is centered on the US dollar and the Federal Reserve, Europe does not have much choice but to support the United States in this situation. Of course Europe was very reluctant to play hardball with Russia because of it's dependence on Russian energy and the Russian markets for Europe's exports. But when the US decided to pull the trigger, Europe had to go along. And now, given the military nature of the conflict, Europe is on that train, wherever it may be going.

2. Although I do agree, contrary to propaganda that is being put forward in the media, that Russia has acted with restraint with regards to Ukraine, especially when you take into consideration that Ukraine is right on Russia's border, that Ukraine has a substantial Russian speaking population, that Russia depends on Ukraine for critical military equipment, and the Russia depends on Ukraine as a critical transit point for it's energy supplies to Europe, I think too little is known about just what Putin is about to rush in and say he is exemplary. I say that because although up until this point, I can understand well why he has made the moves that he has, I do wonder what he would do if he had the type of power that the US has. Would he be another Dick Cheney and run around the world unnecessarily using violent coercion to impose his will, or would he respect and uphold international law and human rights? I really don't know the answer to that.

I will say this. Putin could have squashed Georgia and Sashkaavili like a bug, but just showed them the big hammer and didn't hit them. That was a choice. You are correct, we don't know Putin's moral and ethical code, but he has continually built Russia and fended off attacks from big money Players as well as Nations. He's done the right thing for Russians and that is who he is supposed to represent. Power corrupts and absolute power corrupts abslolutely, or not? Your are correct. We don't know. I'm not too proud of the USA, either politically, militarily, or economically and can't honestly believe some of the things we are doing and people we are killing, or causing to be killed. All one can do is make a lot of noise and hope to be heard.
 
I believe the US will win if it doesn't result in some kind of direct military conflict. We've simply got more alliances (Europe, China, Japan etc), deeper pockets and mostly, because we've really started tapping into our own petroleum resources. That with the eventual advent of alternative energy technologies will give us a big edge over any global competitors. Even China grew too fast for their own good and have started to plateau financially, and having related problems with pollution, empty cities and controlling inflation.
 
I will say this. Putin could have squashed Georgia and Sashkaavili like a bug, but just showed them the big hammer and didn't hit them. That was a choice. You are correct, we don't know Putin's moral and ethical code, but he has continually built Russia and fended off attacks from big money Players as well as Nations. He's done the right thing for Russians and that is who he is supposed to represent. Power corrupts and absolute power corrupts abslolutely, or not? Your are correct. We don't know. I'm not too proud of the USA, either politically, militarily, or economically and can't honestly believe some of the things we are doing and people we are killing, or causing to be killed. All one can do is make a lot of noise and hope to be heard.

Not only that, but if Putin had really wanted to, after those referendums in Eastern Ukraine, he could have annexed those regions and that just would have been that. But they didn't do that. Instead they are pushing for the federalization of the Ukraine, with those pro Russian areas in the East having a large degree of autonomy. When one considers the situation, the history, etc. that is a fair deal, IMHO.
 
I believe the US will win if it doesn't result in some kind of direct military conflict. We've simply got more alliances (Europe, China, Japan etc), deeper pockets and mostly, because we've really started tapping into our own petroleum resources. That with the eventual advent of alternative energy technologies will give us a big edge over any global competitors. Even China grew too fast for their own good and have started to plateau financially, and having related problems with pollution, empty cities and controlling inflation.

I think you made a good point about the military conflict. If this doesn't end up being some direct military conflict between NATO and Russia, then the US comes out with the better hand. The losers are Europe and Russia because of the economic consequences. Of course, if Europe goes down economically, they will drag the US down as well. But I don't think the US will hurt as much as Europe and Russia. No wonder Europe really didn't want to play this game of Russian roulette, pun intended.
 
I think you made a good point about the military conflict. If this doesn't end up being some direct military conflict between NATO and Russia, then the US comes out with the better hand. The losers are Europe and Russia because of the economic consequences. Of course, if Europe goes down economically, they will drag the US down as well. But I don't think the US will hurt as much as Europe and Russia. No wonder Europe really didn't want to play this game of Russian roulette, pun intended.

I'm not sure if the US is harmed too much by Europe paying for higher gas, especially if it's not a sudden and drastic reduction. In time we and the ME could actually start to ship some LNG to Europe, they'll pay a lot more, but big swings in markets and commodities can create unforeseen opportunities and growth in other areas of financials. Europe would definitely create a coal boom as a substitute for awhile, and Russia may loose so much market dominance that they buckle and comply much quicker. And eventually drop their own gas prices thru the floor just to get some cash flow again.
 
I'm not sure if the US is harmed too much by Europe paying for higher gas, especially if it's not a sudden and drastic reduction. In time we and the ME could actually start to ship some LNG to Europe, they'll pay a lot more, but big swings in markets and commodities can create unforeseen opportunities and growth in other areas of financials. Europe would definitely create a coal boom as a substitute for awhile, and Russia may loose so much market dominance that they buckle and comply much quicker. And eventually drop their own gas prices thru the floor just to get some cash flow again.

What you don't seem to recognize is that Europe's economy is in a very fragile state. The only thing that has kept it going is Germany, and now their economy is strained. The German and Russian economies are very much integrated. Germany exports quite a bit to Russia, and Russia supplies Germany with quite a bit of it's energy. If the economy in Europe experiences significant strain, it will be manifest in the major European banks which are very much tied to the US banking system. The Fed will have to step in to provide liquidity to the European banks which will exert significant inflationary pressure on the US economy, which in turn will cause interest rates to rise significantly, which will in turn have the effect of contracting economic activity in the US at a time when the US is trying to recover. The result will be hardship for American citizens.
 
What you don't seem to recognize is that Europe's economy is in a very fragile state. The only thing that has kept it going is Germany, and now their economy is strained. The German and Russian economies are very much integrated. Germany exports quite a bit to Russia, and Russia supplies Germany with quite a bit of it's energy. If the economy in Europe experiences significant strain, it will be manifest in the major European banks which are very much tied to the US banking system. The Fed will have to step in to provide liquidity to the European banks which will exert significant inflationary pressure on the US economy, which in turn will cause interest rates to rise significantly, which will in turn have the effect of contracting economic activity in the US at a time when the US is trying to recover. The result will be hardship for American citizens.

I agree with all of this and that the global economy is so intertwined now that even a major upset in Russia could ripple thru Europe, Asia, then the US.
 
I agree with all of this and that the global economy is so intertwined now that even a major upset in Russia could ripple thru Europe, Asia, then the US.

Which is why we should have been more careful in the first place. There is nothing wrong with the US trying to exercise influence in Ukraine. However, there is a right and a wrong way to go about doing certain things. In the case of Ukraine, the US behaved like a bull in a China shop, and the result is the mess that is in Ukraine now.
 
Which is why we should have been more careful in the first place. There is nothing wrong with the US trying to exercise influence in Ukraine. However, there is a right and a wrong way to go about doing certain things. In the case of Ukraine, the US behaved like a bull in a China shop, and the result is the mess that is in Ukraine now.

According to Putin, when we decided to help with the overturn of Qaddafi in Libya, it was a signal to him that we were being too aggressive by taking liberties with that regions politics. We've actually shown restraint with our dealings in the Ukraine by not over supplying them militarily. But once we fanned the flames of the Arab Spring, which is looking like as bad an idea as invading Iraq, the Russians felt compelled to start protecting their strategic interests. It's all about oil/gas and pipelines competing for energy money, otherwise we wouldn't give two cents about how those regions develop. We've never committed those kind of resources to India, Asia, Africa, South America or other areas of the world. All 9/11 did was give us a rallying cry and reason to invade areas we wanted to control anyway.
 
According to Putin, when we decided to help with the overturn of Qaddafi in Libya, it was a signal to him that we were being too aggressive by taking liberties with that regions politics. We've actually shown restraint with our dealings in the Ukraine by not over supplying them militarily. But once we fanned the flames of the Arab Spring, which is looking like as bad an idea as invading Iraq, the Russians felt compelled to start protecting their strategic interests. It's all about oil/gas and pipelines competing for energy money, otherwise we wouldn't give two cents about how those regions develop. We've never committed those kind of resources to India, Asia, Africa, South America or other areas of the world. All 9/11 did was give us a rallying cry and reason to invade areas we wanted to control anyway.

Although I agree the US has exercised restraint in Ukraine with respect to military involvement, we were way too aggressive in the way in which we dealt with Yanukovych. Other than that, I agree with what you have said.
 
Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?...

Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?... | Kitco Commentary

"In Why they are making an enemy of Russia? we looked at two of the key reasons why the US is making an enemy of Russia, namely the promotion of conflict by the powerful Defense industry lobby in order to keep its order books full, and the value of conjuring up an external enemy as a hate figure for the masses, in order to take the heat off the government. In this article we are going to look at what is arguably an even bigger reason, that was largely omitted in the earlier article, which is that Russia, in alliance with China, is threatening to bring an end to the dollar as the global reserve currency, which would mean the end of the American empire.
We are witness to the greatest struggle of our age – the battle to maintain global dollar hegemony, and with it US economic, military and political dominance of the entire planet – and this struggle is now coming to a head.
Notwithstanding its undeniably great accomplishments of the past hundred years, the relationship of the United States to the rest of the world is parasitic. This is because it creates money and debt instruments out of nothing, requiring virtually no effort, which it then swaps for goods and services with other countries. Because the US dollar is the global reserve currency, it is able to rack up astronomic deficits that would be untenable for any other country. US debts are now at such levels that if the US dollar loses its reserve currency status, the United States economy will implode and it will quickly be reduced to the status of a banana republic – hence the sense of urgency in the face of growing threats. "
snip
"Any state that moves to opt out of using the dollar as a medium of exchange is dealt with, forcibly if deemed necessary. The tactics are threefold – economic blockade (sanctions), the funding of an internal revolution, perhaps assisted by US special forces, and an outright military invasion, or perhaps a combination of the three. This is what happened in Iraq and Libya, both of which planned to trade their oil in currencies other than the dollar. Perhaps the greatest irony of all is that the world’s savings, via the Treasury market, are used to fund the vast US military machine with its hundreds of bases spread across the world which forcibly makes sure they stay yoked to this system."

"Enter Russia (and China), the biggest threat yet to dollar dominance. These large powerful neighbors have entered into various major currency and trade agreements in the recent past that do not involve the dollar, and therefore pose a serious threat to the dollar’s reserve currency status that left unchallenged would bring it to an end. Once you understand that you understand the reason for the recent propaganda blitz against Russia. In addition China has been busy mopping up the global gold supply for several years, as early preparation for the eventual backing of its currency by gold, which will put the final nail in the US’ coffin, as the unbacked dollar will collapse completely when this happens. "

"
A sad irony for the American people is that even though the US has the ability to swap unlimited intrinsically worthless paper for goods and services from the the rest of the world, the infrastructure of the country is crumbling and many Americans already live in poverty on “food stamps”, and even the great US middle class is being squeezed. This is because the elites don’t care about the country or the masses – all they care about is power and the amassing of personal fortunes. "

"snip
The US searched for a geographic doorway through which to attack Russia – the North and east routes don’t work because they are either ocean or China, countries like Poland in Europe wouldn’t do either, because they are firmly in the Western camp now, but the Ukraine was perfect for the job because of its being a large country on the SW flank of Russia that is torn in two directions, having old loyalties and blood ties to Russia, and aspirations to a closer union with Europe – the perfect place to foment a pro-Western revolution and perhaps a civil war that would draw Russia in and could then be used as an excuse to implement sanctions. That is exactly what has happened. "

"
So now we have sanctions, but the problem for the US is this – they probably won’t work. They will cause damage, especially to the fools in Europe who have slavishly followed their orders from Washington to implement them, but they probably won’t destroy the Russian economy as the US is hoping. This is because the Russian economy is very big and can if necessary operate on a self-sufficient basis, especially as it has its own oil and gas, and an important supportive factor is that it has a big powerful neighbor in the form of China which knows it will be “in the firing line” after Russia, and is thus quite happy to enter into a mutually supportive relationship with Russia. China and Russia look set to form a “dollar free” axis and tough it out with Washington. The Chinese have worked all this out in advance, as has Putin, which is why, in addition to mopping up all the gold available on the market in recent times to later back its currency, it has been beefing up its military in readiness to counter future threats from the US military, which is already making moves to reopen bases in the Philippines, and engaging in other expansionary measures in the west Pacific.
Meanwhile, in the Mid-East, we have the Islamic State movement, which appears to have arisen spontaneously to fill the power vacuum that was created when US forces quit Iraq. We should not forget that although Iraq has existed for many decades, the country in an artificial creation of the British after the collapse of the Ottoman Empire in order to control the region and its oil reserves. The US is trying to stop them with air power, but without “boots on the ground” they are unlikely to succeed. Although Israel is looking on with satisfaction as Arab kills Arab, it had better hope that the dollar doesn’t lose its reserve currency status, or they could be in big trouble as the conveyor belt of money and arms across the Atlantic from the US could grind to a halt. "

Is this an accurate play by play of contemporary World financials?

Is the USA creating this embroglio?

Are average citizens aware of this information?

Is the narrative above an over-reaction to events?

Do you understand dollar hegemony? Relate it to printing money from nothing.

Why does this come from an economic website? Sounds like scumbag politics.

The poll question, "Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?..."

Russia is in no way a threat to the petro-dollar in fact the Peso is worth three times as much as the Russian Ruble, no nation in their right mind is going to start trading in the Ruble over the Dollar or the Euro. Russia is under sanction because Putin is a war criminal who invaded and annexed the territory of their neighbor, is currently in illegal occupation of said territory and is arming, training, funding, and directing mass murdering terrorists in Ukraine proper.
 
Russia is in no way a threat to the petro-dollar in fact the Peso is worth three times as much as the Russian Ruble, no nation in their right mind is going to start trading in the Ruble over the Dollar or the Euro. Russia is under sanction because Putin is a war criminal who invaded and annexed the territory of their neighbor, is currently in illegal occupation of said territory and is arming, training, funding, and directing mass murdering terrorists in Ukraine proper.

Yep! You're living proof.
 
I believe the US will win if it doesn't result in some kind of direct military conflict. We've simply got more alliances (Europe, China, Japan etc), deeper pockets and mostly, because we've really started tapping into our own petroleum resources. That with the eventual advent of alternative energy technologies will give us a big edge over any global competitors. Even China grew too fast for their own good and have started to plateau financially, and having related problems with pollution, empty cities and controlling inflation.

 Russia Will Be Able To Overcome Economic Problems - Chinese Foreign Minister  :  Information Clearing House - ICH
"Russia Will Be Able To Overcome Economic Problems - Chinese Foreign Minister

"If the Russian side needs it, we shall offer all possible support we may have,” the foreign minister said


By TASS

BEIJING, December 22. /TASS/. China believes Russia will be able to overcome the current economic problems, and is ready to offer whatever assistance if needed, China’s Foreign Minister Wang Yi said in an interview with Hong Kong’s Fenghuang television channel on Sunday.

“We believe that Russia has opportunities and knowledge to overcome the current problems in the economy. The Chinese-Russian relations of strategic partnership are at a high level, we are always supporting and helping our friend. If the Russian side needs it, we shall offer all possible support we may have,” the foreign minister said.

China’s Minister of Commerce Gao Hucheng told Fenghuang while commenting on the situation with rouble: “As for certain fluctuations in the stock market and the fluctuations in the currency market - they may be of certain interest for some capital investors, and from the practical cooperation point of view - we are still calm and promote actively our cooperation.”

The minister of commerce also expressed confidence the current financial and economic situation in Russia would not afflict implementation of the major Russian-Chinese projects in the energy, industries and other spheres.

This short article indicates much more than is immediately apparent.
If the USA can succeed in destroying the Russian economy and is not
stopped, then it might also be able to destroy the Chinese economy, but
cannot destroy either if they coordinate their economic policy. I believe
that is what this story tacitly acknowledges. Our attempts to manipulate
the Russian economy are backfiring and will ultimately lead to the World
demanding a different World Reserve Currency. From an international
viewpoint, the USA is using this Reserve Currency status as a weapon
instead of as a stability creating economic mechanism. The USA is
acting in a manner that says, "if you don't do it our way, we'll put the
screws to you."
All Nations can see this is what is happening and only the ignorant
or corrupt would not organize their economies to protect themselves.
The Eu and Japan are captives of our banking cartels so they have to
support the USA irregardless of what the USA does. The USA, EU, and
Japan combine to account for about 50-60% of the World's money
economy and only about 16% of the World's population and resources.
All of these figures bode ill for USA's reserve currency status and it's
time that the USA organize to work with, not dominate, its' world neighbors.
Its' neighbors are people, not CORPORATIONS.
 
Is this an accurate play by play of contemporary World financials?


Far from being an expert, my best guess is that the general idea of the US defending the dollar hegemony is somewhat accurate. What's not accurate is the political side of that take, IMO. The US are not suddenly, out of the blue attempting to "break Russia". Much like Germany in the 30s, Russia has gone through a decade of establishing a tyrannic system by an anti-Western elite that took all means necessary to confront the West; the US were forced to react on this threat by Russia, much like Britain was was forced to react on the German threat 1939.

Is the USA creating this embroglio?

The US is just one player among several. Putting all or just most of the blame on the US is simplistic, IMO.

The US have been seriously challenged by Russia's new tyrannic anti-Western regime; Putin sees an opportunity, the US of course wants to defend its position.

Are average citizens aware of this information?

Of the US economy being largely kept together my dollar hegemony? I don't know about "average citizens", but you can read this estimation here and there voiced by experts who are considered somewhat reputable, as far as I can tell, even in the "mainstream media". But as long as "the average citizen" rather watches American Idol and wrestling, I guess he won't be aware of it.

Is the narrative above an over-reaction to events?

Yes. I strongly disagree with assigning the victim role to Russia and the aggressor role to the US. As far as I can tell, from a power play point of view, both sides have their interests and the will to go far enough to fight for them. From a moral point of view, Russia is the bad guy, because a quasi-fascist tyranny where no human rights are respected, has no legitimate interests whatsoever, by definition. The fraternities controlling Russia are willing to sacrifice a free political system in order to defend their interests; the top leaders in the US are not. That makes the US the good side.

Do you understand dollar hegemony? Relate it to printing money from nothing.

In my understanding, as long as other states are willing to hold reserves in $US and accept American debt certificates in $US, America can consume much more than it produces. And this will go well and fine, unless all these states suddenly want their money back at once.

But I'd say this system is more stable than many apocalyptics want to make us think. China holds the largest part of US debts, IIRC, and they have no interest in suddenly asking all their money back -- that would not just break the neck of US economy, but of China's economy too. Thanks to this mutually beneficial agreement, China can export and export and export their stuff to America and grow and grow and grow in the process. Time is on their side. It would be absurd to risk that for some kind of -- potentially extremely devastating -- adventure on the side of Russia.

The poll question, "Will the US Succeed in Breaking Russia to Maintain Dollar Hegemony?..."

I don't know. But I hope so.
 
Far from being an expert, my best guess is that the general idea of the US defending the dollar hegemony is somewhat accurate. What's not accurate is the political side of that take, IMO. The US are not suddenly, out of the blue attempting to "break Russia". Much like Germany in the 30s, Russia has gone through a decade of establishing a tyrannic system by an anti-Western elite that took all means necessary to confront the West; the US were forced to react on this threat by Russia, much like Britain was was forced to react on the German threat 1939.



The US is just one player among several. Putting all or just most of the blame on the US is simplistic, IMO.

The US have been seriously challenged by Russia's new tyrannic anti-Western regime; Putin sees an opportunity, the US of course wants to defend its position.






I don't know. But I hope so.

I see Putin as a Russian patriot and nationalist and doing his best to hold the Nation together after the breakup of the USSR. I don't see him as someone seeking World Domination, but I do see that in USA NeoCons. Those same USA NeoCons seem to have control of USA foreign policy and are using economic weapons to accomplish their means. The IMF, World, FED, and ECB all seem to work aggressively together to Corporare agendas, not agendas based on freedom, liberty, human rights, or any basic virtues that are a positive benefit for a population at large. Their schemes are to gain economic control wherever extractive resources are minimally developed and to gain ownership of the people's patrimony in these Nations. The USA covertly and not so covertly engineered an illegal coup in Ukraine and even the current leadership is in with only 29% approval of registered voters. The Crimea housed 20-25,000 Russian troops at leased bases and the citizens of Crimea are ethnic Russians, for the most part. The 95% approval vote for Russian annexation speaks volumes. This was what was unexpected by the USA/NATO plans. They thought they would topple Ukraine, install a stooge, and inherit the bases in Crimea. Russia would have been monumentally ignorant to allow that. NATO/USA in the Black Sea. No way. Make note that there was no bloodshed in Crimea and then observe the false flag Maidan deaths and the ensuing attack on the Eastern Ukraine provinces with thousands of deaths and attacks on non-combatants infrastructure. Water, sewage, electricity and other non-military targets. As regards the USA Reserve Currency status, Nations outside this conflict area have seen the USA use the Reserve status as a weapon against and know that the same thing can be done to them. Any wise Nation would immediately develop a defense against just such an agenda and that is what is occurring now. That is why China has stated that it will assist Russia economically, so they are not targetted as the next link in the chain. All of this because of the "Empire" agenda of World Domination economically by USA NeoCons and their affiliates in Banking and Intelligence. "Money is the root of all evil." It is the money root manifesting in all of this skullduggery. I'm attempting to write a thorough reply because I note that your reply was thoughtful and sincere, even though we are of diametrically opposite viewpoints. Not exactly a paradigm when hard facts are in the picture.
 
I view Russia as an exemplary figurehead of moderation and a Nation that has proceeded with honor in a trying situation..

Uh, what? Invading sovereign territory (by a treaties you yourself signed) and setting up sham referendums without authentication from international bodies passes for moderation and honor?

... Russia is a country with a huge dysfunctional bureaucracy and inefficient economy that refuses to reform because of cultural over reliance on cronyism. It subsequently finds itself troubled to find economic and political partners, even in its own region. Thus they have to resort violence, threats, and intimidation to obtain results that the United States has secured through soft power investments in international alliances.

The stuff that makes these situations 'trying' for Russia is because of vices in its society that Russia itself has refused to address and reform.
 
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I see Putin as a Russian patriot and nationalist and doing his best to hold the Nation together after the breakup of the USSR. I don't see him as someone seeking World Domination, but I do see that in USA NeoCons. Those same USA NeoCons seem to have control of USA foreign policy and are using economic weapons to accomplish their means. The IMF, World, FED, and ECB all seem to work aggressively together to Corporare agendas, not agendas based on freedom, liberty, human rights, or any basic virtues that are a positive benefit for a population at large. Their schemes are to gain economic control wherever extractive resources are minimally developed and to gain ownership of the people's patrimony in these Nations. The USA covertly and not so covertly engineered an illegal coup in Ukraine and even the current leadership is in with only 29% approval of registered voters. The Crimea housed 20-25,000 Russian troops at leased bases and the citizens of Crimea are ethnic Russians, for the most part. The 95% approval vote for Russian annexation speaks volumes. This was what was unexpected by the USA/NATO plans. They thought they would topple Ukraine, install a stooge, and inherit the bases in Crimea. Russia would have been monumentally ignorant to allow that. NATO/USA in the Black Sea. No way. Make note that there was no bloodshed in Crimea and then observe the false flag Maidan deaths and the ensuing attack on the Eastern Ukraine provinces with thousands of deaths and attacks on non-combatants infrastructure. Water, sewage, electricity and other non-military targets. As regards the USA Reserve Currency status, Nations outside this conflict area have seen the USA use the Reserve status as a weapon against and know that the same thing can be done to them. Any wise Nation would immediately develop a defense against just such an agenda and that is what is occurring now. That is why China has stated that it will assist Russia economically, so they are not targetted as the next link in the chain. All of this because of the "Empire" agenda of World Domination economically by USA NeoCons and their affiliates in Banking and Intelligence. "Money is the root of all evil." It is the money root manifesting in all of this skullduggery. I'm attempting to write a thorough reply because I note that your reply was thoughtful and sincere, even though we are of diametrically opposite viewpoints. Not exactly a paradigm when hard facts are in the picture.

I think you, Mild Steel, and Grip all ought to get an apartment together. This may be the dumbest 'poll' ever put on this forum. Of course it isn't a poll really, is it? It's just another opportunity for you to express some manlove for the Oligarch Putin and to trash the United States.
 
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