Truth And Action

23 Countries Now Abandoning US Dollar

23 Countries Now Abandoning US Dollar

A new world monetary system is being set up right now which will completely kill the US dollar, which is the world’s reserve currency.

23 countries (60% of the world’s GDP) are setting up swap lines which bypass the dollar and SWIFT, which is the dollar-based worldwide financial transaction system.

These countries include Russia, China, India, and even Germany, France, and the United Kingdom.

Once the new system is in place, our dollar won’t be needed in these countries and a new reserve currency will come into being. All those dollars in foreign accounts will come home, which will annihilate our monetary system.

Also, China just announced that it will stop purchasing our debt (holding dollars in reserve). This will force The Federal Reserve to print even more dollars than the $85 billion it’s currently printing.

World reserve currencies have always had a limited life span and ours is up.

Reserve Currency Status

Historically, new world reserve currencies are backed by gold.

Prices just dropped on gold and silver. NOW it the time to buy! Protect your wealth my friends.

For several years, financial analysts, primarily those outside the mainstream of academia, have been warning that any day could be the black swan event that collapses the dollar, and ends U.S. hegemony as caretaker of the world’s reserve currency. That day has finally arrived as on Nov. 18, a former head trader for a major financial institution issued a harbinger and stated that 23 countries, and 60% of the world’s GDP, are right now setting up new swap lines which bypass the dollar, SWIFT, and the BIS, and will usher in a new global currency system which will kill the dollar.

The thoughts that are put into the minds of men that are aware of what is occurring on trading floors all over the world is when? When is also the question that I get asked about quite often by thousands of people. So what is the “when”? The “when” is what is the sure sign that this fraudulent sham that we call an economy is over? Folks the biggest sign is when those that trade in the dollar to acquire goods, no longer want the worthless paper because of US “bully” policies or they have totally lost faith in the US as a responsible steward of it’s currency and economy. That day has arrived.

All over the world economies that have not totally shot themselves in the foot by gambling in the Anglo-American casino are now moving to set up various currency exchanges by passing the dollar. – Rogue Money via Steve Quayle Q Alerts

The list of the 23 countries which are creating new swap lines outside of the dollar include China, Russia, India, and surprisingly, Germany, France, and the United Kingdom. This means that the Eurozone itself is abandoning the dollar, and preparing for transition to a new central banking system.

To facilitate the transfer of currencies and swap lines, there needs to be a bank of sufficient size and stature to aid in handling of this monumental task. One year ago, China, along with the BRICs nations of Brazil, Russia, India and South Africa, loaned money to a new financial institution they established and labeled the BRICs bank. This bank was created with the intention of bypassing the dollar, and allowing free trade to occur between nations without the need to trade for dollars first, as is currently the format under the petrodollar system. In fact, the new BRICs bank will function both as a bank of international settlement, as well as a lender of last resort, eliminating the need for the BIS and IMF, which currently reside under dollar dominion.

The only thing that stands in the way of the world’s final rejection of the dollar is the wavering trust that Saudi Arabia and OPEC have with the U.S. in assuring oil transactions remain denominated in dollars under the 1970’s Petrodollar agreement. But as the world has seen recently, even the Saudi kingdom is hedging towards a new global system, and has publicly stated that their ties to the U.S. are open for re-negotiation.

What started in September of last year, when an agreement between China and Russia ended the dollar’s stranglehold over oil and how it was purchased, the past 14 months have seen a momentous rush towards setting up the infrastructure to replace the dollar completely in global transactions. And with 23 countries, including those from the BRICs nations and the Eurozone, preparing for new swap lines outside of dollar hegemony, the fuse has been lit on the dollar’s death rattle, and the when has changed into the now.

 

Source: examiner.com
Photo: zerohedge.com
Photo: peasap

13 Comments

  1. wangchina
    wangchina June 22, 13:56

    Blah blah blah. China simply cannot do that, they would shatter their own Economy as 85% is with USA. What happens if they don’t accept US dollars? Well trade impossible. Vlam, China falls apart.

    Not a wise idea lol

    Reply to this comment
  2. smartdick
    smartdick September 29, 22:54

    I wonderwhat those greedy dollar makers will come up with if Latin America as well as Africa grows more brain cells and decides it too wants to opt out from the dollars slavery? What will those warmongers do then I wonder? start using nukes?

    Reply to this comment
  3. karenhudes
    karenhudes November 13, 18:35

    The BRICS (Brazil, Russia, India, China and South Africa) and the G-77 (over 130 developing countries) and the US minus the Federal Reserve are going to end the network of global corporate control. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf this is 90-95% likely, after I stated in the UK Parliament House of Commons Public Administration Select Committee’s report on “Complaints: Do They Make a Difference?” on page 186 “Today’s dire circumstances call for immediate and forceful intervention in the hope that time still remains.” and Elaine Colville reported on page 178 “It devolves on Parliament to sort out this egregious state of affairs.”

    http://www.parliament.uk/documents/commons-committees/public-administration/Complaints-1-consolidated-13-sept.pdf

    Reply to this comment
  4. SERBIAN
    SERBIAN December 05, 16:46

    I am from Serbia, and should probably hate US because they bombed my people in 1999, to support Muslim Mujahideens / terrorists that were terrorizing Serbia at that time for years. But no, i do not hate Americans and strongly believe that it is good for this world to have super power in the west. Anyway, the fact is that the world is changing and US is not the only one ultimate power right now, and it should learn to live with that. Balance has to be re-established.

    Reply to this comment
  5. Risto Koivula
    Risto Koivula March 31, 20:59

    Nobel price in biosiences 2014 is for wrong, untue theory:

    http://blogs.scientificamerican.com/talking-back/2014/10/06/nobel-in-medicine-to-discoveries-of-brains-internal-navigation-system/#comment-1029

    Nobel Price in biosciences 2014 arguments, true or false?

    My opinon: Nobel Assembly is wrong in the funtioning of the Brain. What is your opinion?

    “Press Release 2014-10-06

    The Nobel Assembly at Karolinska Institutet has today decided to award

    The 2014 Nobel Prize in Physiology or Medicine with one half to John O’Keefe and the other half jointly to May-Britt Moser and Edvard I. Moser for their discoveries of cells that constitute a positioning system in the brain ”

    RK: ” This is not positionig system. It is only part of it. That learned positioning system does not differ princi-pially from other recognizing systems, for instace for faces. Those neurons in middle brain don´t form the recognized place´s repserentation which is in the cortex,but they give it it´s emotional “charge”, positive or negative according to the formation moment, which is needed for it´s keeping in mind ”

    NA: ” How do we know where we are? How can we find the way from one place to another?And how can we store this information in such a way that we can immediately find the way the next time we trace the same path? This year’s Nobel Laureates have discovered a positioning system, an “inner GPS” in the brain that makes it possible to orient ourselves in space, demonstrating a cellular basis for higher cognitive function. ”

    RK: ” This has not been basic research in connection with theory
    formation. This has been routine research with new devices, possible for all who have those techical devices. They have found new real phenomenon in adequate conditions, but their interpretatation for it has been wrong. I don´t know anything about GPS, but I am afraid this has even no analogy with it. ”

    NA: ” In 1971, John O’Keefe discovered the first component of this positioning system. He found that a type of nerve cell in an area of the brain called the hippocampus that was always activated when a rat was at a certain place in a room. Other nerve cells were activated when the rat was at other places. O’Keefe concluded that these “place cells” formed a map of the room. ”

    RK: ” Memories, maps including, are in the cortex. ”

    NA: ” More than three decades later, in 2005, May-Britt and Edvard Moser discovered another key component of the brain’s positioning system. They identified another type of nerve cell, which they called “grid cells”, that generate a coordinate system and allow for precise positioning and pathfinding. Their subsequent research showed how place and grid cells make it possible to determine position and to navigate. ”

    RK: ” In that reseach is nothig of that system. First true hypothesis is is fron Robert Galambos, the finder of the navigation system of bats. The hypothesis is 50 years older, but these researchers have not heard about it. ”

    NA: ” The discoveries of John O’Keefe, May-Britt Moser and Edvard Moser have solved a problem that has occupied philosophers and scientists for centuries – how does the brain create a map of the space surrounding us and how can we navigate our way through a complex environment? ”

    RK: ” This is simply not true. It is solved by other people, later. If they will not get medicine Nobel, this price will be outrageous injustice, and attack against them and against progressing sciece. ”

    NA: ” How do we experience our environment?

    The sense of place and the ability to navigate are fundamental to our existence. The sense of place gives a perception of position in the environment. During navigation,it is interlinked with a sense of distance that is based on motion and knowledge of previous positions. ”

    RK: ” Humans, or rats, have no “sense of place”. The perception of a known place a comibination of usual sensations. Neither humas, or
    chimapnzees have any special sense of distance. Perception of distaces is based on information of objects and perspective. But humans and animals have sense of balance.

    NA: ” Questions about place and navigation have engaged
    philosophers and scientists for a long time. More than 200 years ago, the German philosopher Immanuel Kant argued that some mental abilities exist as a priori knowledge, independent of experience. ”

    RK: ” He is wrong. ”

    NA: ” He considered the concept of space as an inbuilt principle of the mind, one through which the world is and must be perceived. With the advent of behavioural psychology in the mid- 20th century,these questions could be addressed experimentally. When Edward Tolman examined rats moving through labyrinths, he found that they could learn how to navigate, and proposed that a “cognitive map” formed in the brain allowed them to find their way. But questions still lingered – how would such a map be represented in the brain?

    John O’Keefe and the place in space

    John O’Keefe was fascinated by the problem of how the brain controls behaviour and decided, in the late 1960s, to attack this question with neurophysiological methods. When recording signals from individual nerve cells in a part of the brain called the hippocampus, in rats moving freely in a room, O’Keefe discovered that certain nerve cells were activated when the animal assumed a particular place in the environment. ”

    RK: “Nobel Assembly speaks here about ´brain cells´, not (only) neurons. O´Keefe´s target cell can have been astrocytes, not neurons. Although they are not seen in magnetic imaginations, their signals can have been registered by electrodes. But there are also such neurons or groups of neurons. That cannot be seen in magnetic imaginations exactly.”

    NA: ” He could demonstrate that these “place cells” were not merely registering visual input, but were building up an inner map of the environment. ”

    RK: ” They do not form. They keep up. ”

    NA: ” O’Keefe concluded that the hippocampus generates numerous maps,
    represented by the collective activity of place cells that are activated
    in different environments. ”

    RK: “Cortex activates them, not on the contrary.”

    NA: ” … The discovery of the brain’s positioning system represents a paradigm shift in our understanding of how ensembles of specialized cells work together to execute higher cognitive functions. ”

    RK: True paradigm shifts are elsewhere…

    NA: ” Therefore, the memory of an environment can be stored as a
    specific combination of place cell activities in the hippocampus. ”

    RK: “This is not true.”

    NA: ” It has opened new avenues for understanding other cognitive processes, such as memory, thinking and planning. ”

    RK: ” It han “opened new avenues” to misunderstand, like also Nobel Asembly does.”

    http://blog.brainfacts.org/author/dfields/#.VRZgIeHhj6M

    Reply to this comment
  6. PatFields
    PatFields April 19, 02:48

    All paper-digital ‘currency’ is a boondoggle, so why people are enthusiastic to see a ‘new reserve currency’ emerge is testament to how thoroughly brainwashed folks are.

    Freedom and Liberty (if that’s what’s really wanted), can only come from the original ‘World Currency’ … copper, silver and gold … exchanged on unbiased geologic ratios.

    Private Jurisdiction, Private Contract, Private Coin.

    Reply to this comment
  7. Linda Lycett
    Linda Lycett May 20, 23:46

    Which 23 countries? Can only find the ones mentioned above.

    Reply to this comment

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