The Big Picture…

From my dear friend Luke – self-explanatory…

Below are some video clips that highlight “the big picture” and the future of the US Dollar, no longer to be the world’s reserve currency.

It’s extremely difficult sometimes “to see the forest for the trees”, and almost impossible to assimilate the overwhelming flood of media information, disinformation and propaganda being thrown at us today. Not until we are able, to rise above the forest, and with a-birds-eye-view, look down upon our world through the lens of scripture, none of this seems to make any sense. I believe the information contained in the clips below will help shed some light on “the big picture” events unfolding in our world today. The Bible describes Mystery Babylon’s great financial power over the kings of the earth and its sudden disappearance as devastating to the world economy. You decide…

The Coming Dollar Collapse “Americans Still Have Time To Prepare”

(Video length 4:03 minutes)
Putin vs. Obama: Who’s Dominating The Colder War?


(Video Length 1:01 minutes)
Vladimir Putin is stripping America of its superpower status. And he’s not using bombs or tanks to do it!

Instead, he’s orchestrating an ingenious yet devastating, decades-long plan to control the global energy trade—the largest source of demand for the dollar and bedrock of American might and prosperity.

Should Putin win, it could nuke the US economy.

The Death of King Dollar – End of the Petrodollar

(Video length 8:45 minutes)

Roadmap to World War 3

(Video length 6:00 minutes)

Look What Will Happen After The Dollar Collapse

(Video length 9:01 minutes)

Dollar Collapse and WW3 HAS BEGUN

(Video length 13:25 minutes)

Meltdown America Documentary (Trailer)

(Video length 1:01 Minutes)

Russia conspired to destroy US dollar with China – clip from Meltdown America documentary

(Video length 2:36 minutes)

US Military training for possibility of US Dollar collapse – Clip from Meltdown America documentary

(Video length 1:44 minutes)
Putin Blames U.S. for Destabilizing World Order – U.S. to Blame for the World’s Major Conflicts

(Video length 3:30 minutes)
Demise of the Petrodollar and the End of American Power

(Video length 4:13 minutes)

Our Final Collapse Warning Given? 2015 7-Year, 70-Year, Blood Moon Cycles And Major Signs Of Change!

http://beforeitsnews.com/prophecy/2014/11/gods-final-collapse-warning-given-2015-7-year-70-year-blood-moon-cycles-and-major-signs-of-change

Nov 24, 2014
Does ‘God’ really do things ‘by the numbers’ as argued in this new video by amd03288 and are a ’7-year cycle, a 70-year cycle and a blood moon conjecture’ about to happen in 2015? Has ‘God’ really given us a warning that collapse is near, and the world’s financial system will come down in ‘one hour’, leaving the merchants of the world mourning and crying, as argued in the book of Revelation? As the 2nd video below from the HawkkeyDavisChannel clearly shows, MAJOR SIGNS of change are upon the Earth, and all around us…

” Even Jesus himself, in the Book of Luke, states there ‘will be signs in the sun, moon and stars’ and to ‘lift up your heads for redemption draws nigh’.

“There’s a sequence of prophetic events that the Bible says will happen. It does not, ever, give a timeline.

“It just says ‘when you see these signs’ – and four blood moons is a very significant one – ‘the end of this age is coming.”

ALERT! A 7 Year Cycle, 70 Year Cycle and Blood Moon Conjuncture in 2015

(Video length 4:45 minutes)

Lindsey Williams Warned Us About Blood Moons Heading Towards September 2015!!! Part 1

(Video length 6:36 minutes)
Lindsey Williams Warned Us About Cycles Of 7, Financial Collapse In Sept. 2015??? Part 2

(Video length 7:29 minutes)

And the clincher…

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Ukraine…!

Not jumping for joy: Ukraine, a year later

Published time: November 24, 2014 14:28

Just over a year ago, thousands of Ukrainians took to Kiev’s main square, angry at oligarchs and corruption. But instead of “Europe” and prosperity, they got a coup, more oligarchy, and war.

During the three-month “people power” spectacle in Kiev’s Independence Square (Maidan Nezalezhnosti) that began on November 21, 2013, one of the protesters’ favorite chants was “Who doesn’t jump is a Moskal” (a derogatory term for Russians). After three months of “jumping” – which involved attacking the police, attempting to storm government buildings, and cheering US and European officials who came to support them, the protesters overthrew the legally elected president and establish their own government on February 22, 2014. It has been nine months since then – and a whole year since the “Maidan” protests began; let’s try to see what they’ve been “jumping” for.

Much like the 2004 “Orange Revolution,” the Maidan protest was an exercise in perception management. Officially, the reason the protesters gathered was the government’s balking at signing the EU accession treaty. A TV, internet and social media campaign – the very name “EuroMaidan” was a Twitter hashtag coined by some clever PR professional – got the people riled up against the government presented as corrupt, incompetent and selfish.

Was this so? Part of the problem with the EU treaty was that it demanded Ukraine restructure its entire apparatus of state and society to the Union’s standards, which would have cost something like $19 billion a year for the next decade (per The Telegraph). But Brussels was willing to offer a paltry $750 million (€610 million) in loans. Ukraine needed much more just to stay solvent. It was, by all metrics, a bad deal for Ukraine.

Meanwhile, Russia was offering $15 billion in favorable loans – and warning that if Ukraine signed a treaty with the EU, that would mean breaking the free trade treaty it had with Russia (and several other countries), causing further economic losses. But the Maidan organizers spun this as Russia trying to “steal Ukraine’s European future.”

Early in December, EU’s Foreign Policy Commissioner Catherine Ashton and US Assistant Secretary of State Victoria Nuland came to Kiev and met with the protesters, giving them encouragement – in Nuland’s case, distributing biscuits as a publicity stunt. President Yanukovich’s cabinet was challenged in the legislature – but survived a no-confidence vote easily. But the Maidan refused to accept the outcome of this democratic process. Yanukovich tried to appease them, offering the premiership to one of the protest leaders, Arseny Yatsenyuk. The “Maidan” said no, as the original protesters gave way to masked, helmeted and armed thugs dubbing themselves the “Right Sector” and wearing Nazi insignia.

On February 18, the protests turned violent. After two days of violence that saw dozens of dead protesters and police – videos of “peaceful democratic protesters” butchering police officers and setting them on fire were quickly banished from public view in the West – Yanukovich gave in. On February 21, he signed an agreement with the Maidan leaders, brokered by German, Polish and French foreign ministers, to call early elections and give a general amnesty to rioters. The “Right Sector” refused to accept the surrender, and its “activists” stormed government offices the next day.

Celebrated in the West as a popular revolution for liberty and democracy, the Maidan was nothing of the sort. Research by independent journalists has revealed that the funding for various “non-governmental organizations,” “citizen initiatives,” and “free media” instrumental in mobilizing the Maidan rebellion came from the United States. Moreover, Nuland herself admitted in December 2013 that Washington had spent $5 billion since 1991 to “secure and prosperous and democratic Ukraine.” What that translated to in practice is best described by columnist Brendan O’Neill, writing three days after the February 22 coup: “we have just witnessed European and American leaders remove an elected politician and replace him with a friendlier new government.”

In late January, Nuland would be caught discussing how to “midwife this thing” with the US Ambassador to Kiev Geoffrey Pyatt, and having some choice words for the EU. Yet even though “our man Yats” was indeed appointed Prime Minister after the February coup, Nuland’s admission about her country pulling the Maidan’s strings has gone persistently unmentioned in the Western press.

The coup was not the end, but just the beginning of Ukraine’s agony. As “Right Sector” thugs went around brutalizing dissenters and intimidating legislators and the media, the new government proposed a law outlawing the use of Russian. Crowds gathered in multiple cities in the south and east of the country to protest the coup. Crimea seceded in mid-March, and was admitted to the Russian Federation within days. In the eastern regions of Donetsk and Lugansk, the local population declared independence. But while Washington and Brussels previously demanded Kiev refrain from violence against the Maidan, they fully endorsed a violent crackdown on these protests.

On May 2 in Odessa, pro-junta militants attacked demonstrators protesting the coup, surrounding them at the Trade Union House and setting it on fire. Official reports tell of 42 people who died in the blaze. Amateur video footage showed junta supporters shooting and beating to death people who tried to escape. Western and junta-loyal media spun this as “clashes” with “pro-Russian protesters.” A week later, junta militants opened fire on civilians in Mariupol.

On May 25, in this atmosphere of terror and intimidation, the presidential election called by the junta was won by Petro Poroshenko – an oligarch. Donetsk and Lugansk didn’t vote – they had held their own independence plebiscites earlier, with the overwhelming majority in favor. Poroshenko promised Ukraine would get massive aid from the West – “$15 to $25 billion” from the IMF, as he said in a Washington Post interview in April. All Kiev actually got was $1 billion in US loan guarantees.

Just days after Poroshenko was anointed president, Kiev began a massive military offensive to crush the rebels in the east. Tanks, airplanes, artillery and eventually missiles were used against cities and civilians. Thousands have died. Yet the military could not crush the rebels’ militia, prompting anguished cries of “Russian invasion” by Kiev’s spokesmen every week and dutifully echoed by the Western press and governments.

In mid-July, a Malaysian passenger jet routed over Donetsk by the air traffic control in Dnepropetrovsk (seat of the notorious oligarch and junta supporter Igor Kolomoisky) was shot down. Kiev and the West immediately blamed Russia outright, and then the “pro-Russian rebels”, then abruptly fell silent after Moscow presented radar and satellite evidence showing the plane could only have been shot down by the government forces.

In August, the Kiev forces suffered a catastrophic defeat, with their trapped units surrendering en masse to the rebels or even escaping across the border to Russia. By early September it looked like the rebels might take Mariupol. The advance was halted by the September 5 ceasefire signed in Minsk. An adviser to President Poroshenko has since stated that Kiev ought to follow the example of Croatia in 1995, and storm the rebel republics once it had enough American political and military support.

Officially, the Minsk ceasefire has been holding. Both Kiev and the rebels have held parliamentary elections earlier this month; as usual, the West praised the former and condemned the latter. But the war continues: over 300 people had died since the ceasefire went into effect, according to a UN report from early October. The same report cites the fighting had claimed “at least 3,660” lives, while 8,756 people had been injured and 375,000 displaced. Some 40,000 businesses were forced to shut down. These estimates are almost certainly too low.

Recently released official figures put Ukraine’s GDP as down by 7-8% in 2014. However, considering that most of the country’s industrial and mining output was in the now-disputed regions in the east, Kiev has literally destroyed its revenue stream. Ukraine has unpaid gas bills, mounting loans, and almost no gold left (as recently admitted by the Central Bank Governor Valeriya Gontareva) – credible reports indicate all of Kiev’s gold was taken to the US shortly after the February coup.

And what of the fabled EU agreement that supposedly started it all? The junta government signed the political part of it in March, while Poroshenko signed the economic portion in June – but the whole thing has been put on ice till December 2015. Far from the promised phantom prosperity, it always stood to cause “a great deal of pain and disruption” (a BBC description). Ukraine wasn’t able to handle it a year ago, before its society, economy and politics were destroyed by the coup and the civil war.

Leaders of the Maidan protests and their Western backers wanted a united Ukraine dominated by the anti-Russian ideology of Stepan Bandera and his heirs. Instead, they got a smoldering wreck, terrorized by Nazi militias, oligarchs and their private armies, and a government in Kiev entirely out of touch with reality.

All “color revolutions,” from Serbia to the so-called “Arab Spring” and now the Maidan, have only created a wasteland and called it democracy. Whether they knew it or not, that’s what the Maidan supporters were “jumping” for.

Nebojsa Malic for RT

Nebojsa Malic is a foreign policy analyst and blogger, working in Washington, DC. A columnist for Antiwar.com and Strategic Culture Foundation, he occasionally appears on RT.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

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Whistleblower…

…journalist! A very brave man!

For any who have not yet understood how the general public are manipulated in formulating their opinions, resulting in their compliance!

This man is one of many of course, except their voices are not heard as much as they should and need to be, because…..

The “meat” of his comments starts about 8 minutes in.

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Some of the 0.01%…

If you want to know WHO some of the 0.01% “elites” are, the following video reveals some of the principle players. If you want to know WHY things are the way they are in the world, you should be able to see clearly from this video.

These are the some of the descendants of the Khazars, and if you want to learn a bit about them, read this:
https://davesnewsblog.wordpress.com/2014/02/04/the-khazars/

And all of this is relevant to, and a part of “The Genetic Wars”. The “bloodlines” of this “race” are extremely important to them, and they “keep it all in the family”. They are NOT “Semitic” genetically. They ARE “Luciferians”, for he is their Lord, and they worship him as such, knowingly! This is Lucifer’s “kingdom on Earth” government NOW. They are preparing the world for his revelation and arrival on the world scene any time very soon, and HE will be “The Antichrist”, Satan incarnate!

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The End…

Important… (Updated 12 November 2014)

…P.S. Another friend just responded with another article (follow the link) which I also highly recommend should be read. I have placed it here at the top so you can find it easily. Here is my initial reaction after reading it myself, because it all fits and makes sense as far as I can see…

“Thanks R. Great article. It all fits of course. It makes me wonder if Putin could be the one who “comes in peaceably with flatteries” (“white hat” = white horse?) then later turns on the ones who thought to use him for their own ends (because he knows how those “false oppositions” have been used before, and what happened to them in the end – which is how “the club members” use and betray each other all the time). Then, to make sure it doesn’t happen to him, he does what the Antichrist (meaning “a type of” Christ) is described as doing and flips completely (is possessed) showing his true colors, having gained the world’s popular consent in the first place. (Putin has definitely portrayed the most “smarts” of anyone on the political scene these days). Satan wants to rule the world, and he has been using his Zionist elites (minions) to rule through and to bring him to power so far. However, according to prophecy it seems he “changes horses” for who he personally chooses to actually possesses at the end, when he sees they are on the “losing side”, huh? Interesting. I will add this to my post. Thanks again.
Lots of love,
David”

If any reader has any questions on anything to do with Bible Prophecy please let me know – I can help point you in the right direction with plenty to study for yourself.

Anyway, read this: http://endtimeblog.com/is-putin-false-opposition/

The End…is MORE than “nigh”! Please read why…

The following two articles from my friend Luke are more important than most will probably realize. They should be read and understood, certainly not dismissed or ignored. Current world events are now at a threshold. Western media is even now forced to concede that the state of “a new Cold War” now exists, but it is much more than that, as you should acknowledge if you read the articles. “Games are over”! What follows from now on is real, very real indeed!

And why do I say this? I will explain…

Dismiss what I say now if you wish, nevertheless the following statements are indisputable facts!

1) The main protagonists of the current global crisis were foretold and predicted, over two thousand and some years ago, long before some of these nations existed or were known by those who received and gave the prophecies!

2) The nation states involved and their leaders are clearly taking their positions for a final conflict, as we speak, and the outcome is absolutely certain, it is just a matter of “when”, not “if”.

The “players”, the “means” and “methods” or “reasons” could not possibly have been understood when the prophecies were given, but never before in all the world’s history have all the elements been visibly in place for “the final curtain”. They are now!

Those who have studied Bible Prophecy, as I and many of my friends have for some 40 years or more, while also monitoring the developments of recent modern world events as they have unfolded, should not be surprised. What is surprising however is how the time-frame has rapidly sped up, moving everything forward quicker than what might have been expected.

You could think of things as like a snowball being started at the top of a hill. It takes the right kind of snow and packing, some preparation to get it going, but as it progresses downhill it gathers more and more of the elements from around it, growing in size and increasing in speed. Until in the end, when it crashes…? We are on the brink of that crash!

Please read, and be warned. “Playtime” is over. This is as real as it gets. Nobody believed, understood, or was prepared for the “suddenness” of the last two world wars, until it was too late and they were upon them. (The only ones who knew were the ones who had planned for them to happen). The general population were just “hoping for the best” and not able to face the reality of what was about to happen to them, on such a massive scale.

ARTICLES BEGIN HERE…

You may understand why it’s important that you know…

The speech was a very rational but somber warning from Russian President Vladimir Putin that articulates very well his opposition to US hegemony over the New World Order, delivered two weeks ago from Sochi, Russia, on Oct 24th. The Western Media in the US has ignored this speech choosing to let it’s citizenry sleep while indulging in their favorite past-time entertainments, else they may awaken to a reality that’s quickly becoming a very bad dream. The Russian president has clearly made it known that his country will not be pushed around any longer. And he is not alone.

http://rt.com/op-edge/201563-time-new-world-order/

On Sept 27th, Russia’s foreign minister Sergei Lavrov, in a speech before the UN General Assembly warned the US and NATO they are “risking global war in embarking on its campaign to seize and dominate huge territories, while inexorably and ruthlessly determined to conquer and subjugate Russia, having learned nothing from the historic reality that Napolean’s effort to dominate Russia led to the collapse of Napoleonic France, and Hitler’s attempt to subjugate Russia led to the obliteration of his Third Reich.” At one point Lavrov sarcastically quipped, “Pardon Us For Our Country’s Existence in the Middle of Your Military Bases”.

Less than a month after his foreign minister stood before the UN General Assembly President Putin expounded more fully on Lavrov’s speech to drive the point home to the world, saying, “All systems of global collective security now lie in ruins. There are no longer any international security guarantees at all. And the entity that destroyed them has a name: The United States of America. The builders of the New World Order have failed, having built a sand castle. Russia does not wish for the chaos to spread, does not want war, and has no intention of starting one. However, today Russia sees the outbreak of global war as almost inevitable, is prepared for it, and is continuing to prepare for it.” Russia’s president is not playing games. But neither is the Pentagon.

The New World Order, a euphemism for US hegemony, is based upon a unipolar concept of the world, meaning US superpower domination. Following the end of the Cold War, US President George Bush declared a New World Order, in which the heavy hand of American imperialism would fill the post Cold War geopolitical vacuum, enabling the US to ultimately conquer the geopolitical space of the former Soviet Union. American hegemony is unlike any previous hegemony because it is truly global. It is based on an unprecedented mixture of military supremacy and control of the world’s financial system. (Susan Bryce, Australian journalist)

According to the Bible a group of “ten kings or nations” will arise and give their power and strength unto a “future world leader” for one hour, whom many believe comes from Russia. It is believed by some Bible scholars this future world leader and ten kings will declare war on America, first by challenging the dollar based world economy, starting with the petrodollar, un-seating American hegemony over the nations economically, and then finally militarily. The Bible describes Mystery Babylon’s great military and financial power over all the kings of the earth and its sudden demise as devastating to the world economy.

And so, what are we to make of world events we see unfolding before us, and Putin’s speech, are we to believe this is all just talk, empty words and nothing to be taken seriously? Many parts of the globe are in sheer turmoil at this very moment. But some watch the news like entertainment, especially American news like CNN and FOX, as one crisis after another sadly brings suffering to the lives of many, but never expect it to come home. It would surely spoil many of our plans for the future if it did. Perhaps that’s why we don’t want to see what’s really happening in our world. The Lord said, “Ye can discern the face of the sky; but can ye not discern the signs of the times? Is it possible, the times, may be later than we think?

“Therefore let us not sleep, as do others; but let us watch and be sober. (1 Thes 5:6)

Russia sees outbreak of global war as almost inevitable

(published Oct 31, 2014, News Video direct from the Kremlin, 41 minutes )

Putin to Western elites: Play-time is over

http://cluborlov.blogspot.com/2014/10/putin-to-western-elites-play-time-is.html

Oct 29, 2014
Most people in the English-speaking parts of the world missed Putin’s speech at the Valdai conference in Sochi a few days ago, and, chances are, those of you who have heard of the speech didn’t get a chance to read it, and missed its importance. Western media did their best to ignore it or to twist its meaning. Regardless of what you think or don’t think of Putin (like the sun and the moon, he does not exist for you to cultivate an opinion) this is probably the most important political speech since Churchill’s “Iron Curtain” speech of March 5, 1946.

In this speech, Putin abruptly changed the rules of the game. Previously, the game of international politics was played as follows: politicians made public pronouncements, for the sake of maintaining a pleasant fiction of national sovereignty, but they were strictly for show and had nothing to do with the substance of international politics; in the meantime, they engaged in secret back-room negotiations, in which the actual deals were hammered out. Previously, Putin tried to play this game, expecting only that Russia be treated as an equal. But these hopes have been dashed, and at this conference he declared the game to be over, explicitly violating Western taboo by speaking directly to the people over the heads of elite clans and political leaders.

The Russian blogger chipstone summarized the most salient points from Putin speech as follows:

1. Russia will no longer play games and engage in back-room negotiations over trifles. But Russia is prepared for serious conversations and agreements, if these are conducive to collective security, are based on fairness and take into account the interests of each side.

2. All systems of global collective security now lie in ruins. There are no longer any international security guarantees at all. And the entity that destroyed them has a name: The United States of America.

3. The builders of the New World Order have failed, having built a sand castle. Whether or not a new world order of any sort is to be built is not just Russia’s decision, but it is a decision that will not be made without Russia.

4. Russia favors a conservative approach to introducing innovations into the social order, but is not opposed to investigating and discussing such innovations, to see if introducing any of them might be justified.

5. Russia has no intention of going fishing in the murky waters created by America’s ever-expanding “empire of chaos,” and has no interest in building a new empire of her own (this is unnecessary; Russia’s challenges lie in developing her already vast territory). Neither is Russia willing to act as a savior of the world, as she had in the past.

6. Russia will not attempt to reformat the world in her own image, but neither will she allow anyone to reformat her in their image. Russia will not close herself off from the world, but anyone who tries to close her off from the world will be sure to reap a whirlwind.

7. Russia does not wish for the chaos to spread, does not want war, and has no intention of starting one. However, today Russia sees the outbreak of global war as almost inevitable, is prepared for it, and is continuing to prepare for it. Russia does not war—nor does she fear it.

8. Russia does not intend to take an active role in thwarting those who are still attempting to construct their New World Order—until their efforts start to impinge on Russia’s key interests. Russia would prefer to stand by and watch them give themselves as many lumps as their poor heads can take. But those who manage to drag Russia into this process, through disregard for her interests, will be taught the true meaning of pain.

9. In her external, and, even more so, internal politics, Russia’s power will rely not on the elites and their back-room dealing, but on the will of the people.

To these nine points I would like to add a tenth:

10. There is still a chance to construct a new world order that will avoid a world war. This new world order must of necessity include the United States—but can only do so on the same terms as everyone else: subject to international law and international agreements; refraining from all unilateral action; in full respect of the sovereignty of other nations.

To sum it all up: play-time is over. Children, put away your toys. Now is the time for the adults to make decisions. Russia is ready for this; is the world?

“Pardon Us For Our Country’s Existence in the Middle of Your Military Bases” – Russian Foreign Minister Lavrov’s Speech at the UN

http://www.globalresearch.ca/pardon-us-for-our-countrys-existence-in-the-middle-of-your-military-bases-russian-foreign-minister-lavrovs-speech-at-the-un/5407937

In Air and Cyberspace, on Land and Sea, Russia Shows Muscle

http://www.nytimes.com/2014/11/01/world/europe/in-air-and-cyberspace-on-land-and-sea-russia-shows-muscle.html?_r=1

Back to Cold War as Russia probes NATO defences

http://news.yahoo.com/back-cold-war-russia-probes-nato-defences-151451899.html;_ylt=AwrBJSDerVNUYmsAHtPQtDMD

The New York Times doesn’t want you to understand this Vladimir Putin speech

http://www.sott.net/article/288601-The-New-York-Times-doesnt-want-you-to-understand-this-Vladimir-Putin-speech

Meeting of the Valdai International Discussion Club

http://eng.kremlin.ru/news/23137

Time for a ‘new world order?’ No, it’s already here

http://rt.com/op-edge/201563-time-new-world-order/

Russia may ban circulation of US dollar

http://en.apa.az/xeber_russia_may_ban_circulation_of_us_dollar_218603.html

Time to establish a new world order, says Putin

http://rbth.com/international/2014/10/29/time_to_establish_a_new_world_order_says_putin_40973.html

Demise of the Petrodollar and the End of American Power

(Video length 4:13 minutes)

Will Putin’s reign mean the end of the petrodollar?

(Video length 2:11 minutes)

Putin Signs Secret Pact to Crush NATO

http://www.caseyresearch.com/articles/putin-signs-secret-pact-to-crush-nato

Nov 6, 2014

By Marin Katusa

Back on September 11 and 12, there was a summit meeting in a city that involved an organization that most Americans have never heard of. Mainstream media coverage was all but nonexistent.

The place was Dushanbe, the capital of Tajikistan, a country few Westerners could correctly place on a map.

But you can bet your last ruble that Vladimir Putin knows exactly where Tajikistan is. Because the group that met there is the Russian president’s baby. It’s the Shanghai Cooperation Organization (SCO), consisting of six member states: Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.

The SCO was founded in 2001, ostensibly to collectively oppose extremism and enhance border security. But its real reason for being is larger. Putin sees it in a broad context, as a counterweight to NATO (a position that the SCO doesn’t deny, by the way). Its official stance may be to pledge nonalignment, nonconfrontation, and noninterference in other countries’ affairs, but—pointedly—the members do conduct joint military exercises.

Why should we care about this meeting in the middle of nowhere? Well, obviously, anything that Russia and China propose to do together warrants our attention. But there’s a whole lot more to the story.

Since the SCO’s inception, Russia has been treading somewhat softly, not wanting the group to become a possible stalking horse for Chinese expansion into what it considers its own strategic backyard, Central Asia. But at the same time, Putin has been making new friends around the world as fast as he can. If he is to challenge US global hegemony—a proposition that I examine in detail in my new book, The Colder War—he will need as many alliances as he can forge.

Many observers had been predicting that the Dushanbe meeting would be historic. The expectation was that the organization would open up to new members. However, expansion was tabled in order to concentrate on the situation in Ukraine. Members predictably backed the Russian position and voiced support for continuing talks in the country. They hailed the Minsk cease-fire agreement and lauded the Russian president’s achievement of a peace initiative.

However, the idea of adding new members was hardly forgotten. There are other countries which have been actively seeking to join for years. Now, with the rotating chairmanship of the organization passing to Moscow—and with the next summit scheduled for July 2015 in Ufa, Russia—conditions could favor the organization’s expansion process truly taking shape by next summer, says Putin.

To that end, the participants in Dushanbe signed documents that addressed the relevant issues: a “Model Memorandum on the Obligations of Applicant States for Obtaining SCO Member State Status,” and “On the Procedure for Granting the Status of the SCO Member States.”

This is extremely important, both to Russia and the West, because two of the nations clamoring for inclusion loom large in geopolitics: India and Pakistan. And waiting in the wings is yet another major player—Iran.

In explaining the putting off of a vote on admittance for those countries, Putin’s presidential aide Yuri Ushakov was candid. He told Russian media that expansion at this moment is still premature, due to potential difficulties stemming from the well-known acrimony between India and China, and India and Pakistan, as well as the Western sanctions against Iran. These conflicts could serve to weaken the alliance, and that’s something Russia wants to avoid.

Bringing longtime antagonists to the same table is going to require some delicate diplomatic maneuvering, but that’s not something Putin has ever shied away from. (Who else has managed to maintain cordial relationships with both Iran and Israel?)

As always, Putin is not thinking small or short term here. Among the priorities he’s laid out for the Russian chairmanship are: beefing up the role of the SCO in providing regional security; launching major multilateral economic projects; enhancing cultural and humanitarian ties between member nations; and designing comprehensive approaches to current global problems. He is also preparing an SCO development strategy for the 2015-2025 period and believes it will be ready by the time of the next summit.

We should care what’s going on inside the SCO. Once India and Pakistan get in (and they will) and Iran follows shortly thereafter, it’ll be a geopolitical game changer.

Putin is taking a leadership role in the creation of an international alliance among four of the ten most populous countries on the planet—its combined population constitutes over 40% of the world’s total, just short of 3 billion people. It encompasses the two fastest-growing global economies. Adding Iran means its members would control over half of all natural gas reserves. Development of Asian pipeline networks would boost the nations of the region economically and tie them more closely together.

If Putin has his way, the SCO could not only rival NATO, it could fashion a new financial structure that directly competes with the IMF and World Bank. The New Development Bank (FKA the BRICS Bank), created this past summer in Brazil, was a first step in that direction. And that could lead to the dethroning of the US dollar as the world’s reserve currency, with dire consequences for the American economy.

As I argue in The Colder War, I believe that this is Putin’s ultimate aim: to stage an assault on the dollar that brings the US down to the level of just one ordinary nation among many… and in the process, to elevate his motherland to the most exalted status possible.

What happened in Tajikistan this year and what will happen in Ufa next summer—these things matter. A lot.

Timing the Collapse: Ron Paul Says Watch the Petrodollar

http://www.internationalman.com/articles/timing-the-collapse-ron-paul-says-watch-the-petrodollar

by Nick Giambruno

“The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.” (emphasis mine)

~ Ron Paul
What Ron Paul is referring to here is the petrodollar system. It’s one of the main pillars that’s been holding up the US dollar’s status as the world’s premier reserve currency since the breakdown of Bretton Woods.

Paul is essentially saying that, if we want to better understand the answer to the elusive question of “When will the fiat US dollar collapse?”, we have to watch the petrodollar system and the factors affecting it.

At the recent Casey Research Summit, I had the chance to speak extensively with Dr. Paul on this subject, and he told me that he stands by his assessment.

I believe this is critically important, because once the dollar loses this coveted status, the window of opportunity to take preventative action will definitively shut for Americans.

At that moment, I believe the US government will become sufficiently desperate and implement the destructive measures that governments throughout the world and throughout history have all taken (overt capital controls, wealth confiscations, people controls, price and wage controls, pension nationalizations, etc.)

But it’s not just the financial implications that need to be considered. The destruction of the dollar is going to wipe out the wealth of a lot people, and that will cause political and social consequences that will likely be worse than the financial consequences.

The three points to understand here are:

You absolutely must be internationalized before the US dollar loses its status as the premier reserve currency. Internationalization is your ultimate insurance policy.
The US dollar’s status as the premier reserve currency is tied to the petrodollar system.
The sustainability of the petrodollar system is linked to Middle East geopolitics. Having lived and worked in the Middle East for a number of years, this is a topic I know a thing or two about.
From Bretton Woods to the Petrodollar

The dollar’s role as the world’s premier reserve currency was established in 1944 by the Allied powers in what was known as the Bretton Woods international monetary system.

Being victorious in WWII and possessing the overwhelmingly largest gold reserves in the world (around 20,000 tonnes) allowed the US to reconstruct the global monetary system with the dollar at its center.

Simply put, the Bretton Woods system was an arrangement whereby a country’s currency was tied to the US dollar through a fixed exchange rate, and the US dollar itself was tied to gold at a fixed exchange rate.

Countries accumulated dollars in their reserves to engage in international trade or to exchange them with the US government at the official rate for gold ($35 an ounce).

By the late 1960s, exuberant spending from welfare and warfare, combined with the Federal Reserve monetizing the deficits, drastically increased the number of dollars in circulation in relation to the gold backing it.

Naturally, this caused countries to accelerate their exchange of dollars for gold at the official price.

The result was a serious drain in the US gold supply (20,000 tonnes at the end of WWII to around 8,100 tonnes in 1971, a figure supposedly held constant to this day).

Nixon officially ended convertibility of the dollar for gold to halt the gold outflow, thus ending the Bretton Woods system, on August 15, 1971.

The US had defaulted on its promise to back the dollar with gold.

The central justification that the gold–backed dollar had provided as to why countries held the dollar in their reserves and used it as a medium of international trade was now gone.

With the dollar no longer convertible into gold, demand for dollars by foreign nations was sure to fall and with it, its purchasing power.

OPEC passed numerous resolutions after the end of Bretton Woods, stating the need to retain the real value of its earnings (including discussions about accepting gold for oil), which resulted in the cartel significantly increasing the nominal dollar price of oil in the wake of August 15, 1971.

If the dollar was to sustain its status as the world’s reserve currency, a new arrangement would have to be constructed to give foreign countries a compelling reason to hold and use dollars.

Nixon and Kissinger would end up succeeding in retaining the dollar’s premier status by bridging the gap between the failed Bretton Woods system and the emerging petrodollar system.

The Petrodollar System

Between the years of 1972 to 1974 the US government completed a series of agreements with Saudi Arabia to create the petrodollar system.

Saudi Arabia was chosen because of its vast petroleum reserves, its dominant influence in OPEC, and the (correct) perception that the Saudi royal family was corruptible.

In essence, the petrodollar system was an agreement that, in exchange for the US guaranteeing the survival of the House of Saud regime by providing a total commitment to its political and security support, Saudi Arabia would:

Use its dominant influence in OPEC to ensure that all oil transactions would be conducted only in US dollars.
Invest a large amount of its dollars from oil revenue in US Treasury securities and use the interest payments from those securities to pay US companies to modernize the infrastructure of Saudi Arabia.
Guarantee the price of oil within limits acceptable to the US and act to prevent another oil embargo by other OPEC members.
The need to use dollars to transact in oil, the world’s most traded and most strategic commodity, provides a very compelling reason for foreign countries to keep dollars in their reserves.

For example, if Italy wants to buy oil from Kuwait, it would have to first purchase US dollars on the foreign exchange market to pay for the oil, thus creating an artificial market for US dollars that would not have otherwise naturally existed.

This demand is artificial, since the US dollar is just a middleman in a transaction that has nothing to do with a US product or service. It ultimately translates into increased purchasing power and a deeper, more liquid market for the US dollar and Treasuries.

Additionally, the US has the unique privilege of not having to use foreign currency but rather using its own currency, which it can print, to purchase its imports, including oil.

The benefits of the petrodollar system to the US dollar are indeed difficult to overstate.

What to Watch For

The geopolitical sands of the Middle East have been rapidly shifting.

The faltering strategic regional position of Saudi Arabia, the rise of Iran (which is notablynot part of the petrodollar system), failed US interventions, and the emergence of the BRICS countries providing potential future alternative economic/security arrangements all affect the sustainability of the petrodollar system.

In particular, you should watch the relationship between the US and Saudi Arabia, which has been deteriorating.

The Saudis are furious at what they perceive to be the US not holding up its part of the petrodollar deal. They believe that as part of the US commitment to keep the region safe for the monarchy, the US should have attacked their regional rivals, Syria and Iran, by now.

This would suggest that they may feel that they are no longer obliged to uphold their part of the deal, namely selling their oil only in US dollars.

The Saudis have even gone so far as to suggest a “major shift” is underway in their relations with the US. To date, though, they have yet to match actions to their words, which suggests it may just be a temper tantrum or a bluff. In any case, it is truly unprecedented language and merits further watching.

A turning point may really be reached when you start hearing US officials expounding on the need to transform the monarchy in Saudi Arabia into a “democracy.” But don’t count on that happening as long as their oil is flowing only for US dollars.

Conclusion

It was evident long before Nixon closed the gold window and ended the Bretton Woods system on August 15, 1971, that a paradigm shift in the global monetary system was inevitable.

Likewise today, a paradigm shift in the global monetary system also seems inevitable. By considering Ron Paul’s words, we will know when the dollar collapse is imminent.

“We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros.”

There is no question that you want to be internationalized before that day arrives, which seems to be getting closer and closer. It is very possible that one day soon, Americans will wake up to a new reality, just as they did on August 15, 1971.

Your goal should be to remove as much political risk from as many aspects of your life as possible so that you are not caught flat-footed when the next August 15, 1971 moment arrives.

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