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

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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?...

    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?..."

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    Re: 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.

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

    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?

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

    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.

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

    Quote Originally Posted by MildSteel View Post
    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.

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

    Quote Originally Posted by DaveFagan View Post
    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.

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

    Quote Originally Posted by MildSteel View Post
    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.

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

    Quote Originally Posted by DaveFagan View Post
    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.

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

    Quote Originally Posted by MildSteel View Post
    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.

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

    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.
    Einstein, "science without religion is lame, religion without science is blind."

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