Last Stand?

 

Image lifted from my friend Loam's blog  Arrezafe      

          To anyone who looks at world affairs it will be obvious that the Dollar and those who control it, are losing their grip on world domination. More and more countries across the planet are tiring of cow-towing to the the whims and desires of that bunch of psychopaths that hold the power of the dollar as a weapon to coercive them to follow the dictate of U$A imperialism. More countries are joining up to trade in their own currencies, freeing themselves for the Dollar domination. In the past those who dared to stand against the Dollar domination, found their country and its people steeped in blood, and left with a land of destroyed infrastructure, poverty and deprivation. The continent of South America has for centuries felt the wrath of the mighty Dollar as it was controlled, plundered and pillaged to enrich the imperial Dollar brigade. The U$A Dollar psychopaths have had no qualms about killing thousands of innocent people just to maintain their dominance. Vietnam, Somalia, Afghanistan, Iraq, Libya, have all felt the wrath of the plundering all powerful Dollar. All have seen their country and their people fall into lands of despair, left to rot or struggle as best they can to recover.
        Looking at its history of actions to maintain its dominance, one fears for what depth it will sink in what it sees as the final stand for world domination. Their previous brutal actions could fade into insignificance as it makes that last grasp for world dominance. Will it throw nuclear weapons around like confetti, believing it will survive and over come the rest of the world. I for one don't believe it will capitulate quietly and be content to lose all that wealth and power that it has held for so long. 

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BRICS.

         What can you do when a bunch of very rich psychopaths armed to the teeth with nuclear weapons feel their power is slipping out of their hands? That is the situation with the US dollar, the dominance of the dollar as a reserves currency is what makes America rich and powerful, and that power is now threatened so should we be concerned? The U$A sees any economic state or group that is growing in strength as a threat and must be stifled at all costs. China and Russia are seen as a real threat to the dollar dominance, hence U$A's hostility to both these nations. America has 750 military bases around the world and is building more to encircle China, why? There is nothing humanitarian in this build up of overseas military bases, nor is it defensive. They are there to crush China should the dollar start to lose it power. 

Image courtesy of CineTimes Babu

 

        That dollar decline s now rapidly increasing as more economies decide to join 

hands and trade in their own currency, with the birth of the BRICS, an economic block that is determined to end their dependency on the dollar. A major event in this de-dollarisation was a recent deal between India and Abu Dhabi, where Indian Oil Corp bought one million barrels of oil from Abu Dhabi National Oil Company and paid for it in rupees, a real slap in the face of the dollar empire. Also India has purchased 25 kg of gold from UAE and paid for it with 128.4 million rupees.
      The BRICS is no small fry player in the world's economy it now controls a majority of the world’s energy supplies, and some 37 percent of global GDP, more than the US-led G7. Making opportunities to trade in currencies other than the dollar that much easier. According to the World Bank report China, a leading member in the the BRTICS, average contribution rate to the world economic growth is now at 38.6% 

Image courtesy of ARKTOS

 

 

         The growth of the BRICS economies will create a decline in the value of the dollar and therefore a decline in the U$A's wealth and power, and its ability to dominate and control other countries.
         There lies the danger, America is armed to the teeth with nuclear weaponry has 750 military bases around the world, will the psychopaths that grow fat and powerful on the dollar simple watch it decline, or will they carry out their insane plans to destroy China and Russia in an attempt to hold onto that dollar dominance. Such a scenario is world destruction on a scale of unimaginable horror and devastation. There will be no knight in shining armour to come to our rescue, it will be up to us, the people to stop this insanity being forced on us by the rich and powerful parasite class.

Image courtesy of The Counter View.

 

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Insanity Or?

 

         This world we live in, a mixture of a possible paradise and living in an asylum. We have beauty and co-operation struggling to survive midst greed and brutality We have people's dream of that better world for all and the parasite class voraciously devouring the world's resources for personal power and wealth. A world that functions on the basis of economic insanity. However, it is always in a state of flux, which way will it go, victory for the parasite class and destruction of the planet, or the realisation of that better world for all, the choice is ours, but time is not in our favour. 

          This latest rendering from SubMedia shows the insanity of this world and the forces that struggle for that better world for all.

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Beware, The Dogs Of War Are Howling.

 

           The “Migrant crisis” in Europe, translate as millions of people fleeing the chaos and carnage initiated by Western imperialists foreign policy in the Middle East, has started the dogs of war howling in earnest. The baying for blood by the political pundits and pseudo academics is reaching a maniac shrill, and it is all shaded in the illusion of helping the people of Syria. Somehow we are to believe that you can compassionately bomb civilian populations into liberty. Those hundreds, perhaps thousands, of children, elderly, men and women, that will die under the rubble of their towns and cities as collateral damage, will somehow be grateful. Syria is practically a destroyed country, the last thing the people of that country need is the destructive might of Western imperialism sending in its weapons of mass destruction. What ever the answer to the problems of that area are, it is not marching in an all conquering imperialist army behind an avalanche of cruise missiles and so called “smart bombs” creating Armageddon across the country, and calling it “freedom” for the people. 

 This is how we brought freedom to Iraq and Libya, we can do the same for Syria.

         What ever action the Western imperialists take in this area, you can rest assured that it is not out the love of the Syrian people, it will not be the result of their love of humanity. It will always be for power and wealth. States that are cutting social spending in their own countries, claiming, we can't afford them, will quite happily spend countless millions on weaponry on the people of Syria, killing and maiming thousands, out of pure love and compassion. The dogs of war know that there is oil and gas in Syria, and they want their blood dripping claws on it, Their cheer leaders are of course the powerful arms industry, with their ferret lobbyists scurrying around the marble halls of The Westminster Houses of Hypocrisy and Corruption, handing out favours and charms to the inmates. 

 People being liberated by the bomb.

This from ROAR Mac:

       The predicate of the arguments is that the West, despite calling for Assad to step down since 2011, has done nothing to get rid of him and as such has “abandoned” the Syrian people. We must now step up and bear this burden, so the pundits say.

    The Guardian’s editorial last week berated Europe for its “paralysis,” “inertia,” and “years of failure to confront Syria’s bloody collapse.” New York Times columnist Nicholas Kristof largely agrees, while his colleague Ross Douthat sees Syria as “an ugly crack” in the otherwise admirable and “very consciously accepted stewardship of global stability” that is Pax Americana.

      The Washington Post’s Anne Applebaum agrees too, and calls the refugees a “security crisis,” the “consequences” of Europe’s inaction. Edward Luce, in the Financial Times, repeats the claim that the US bears responsibility for this crisis as well, since it abandoned its role as “beacon”, abstaining rather than intervening, having done “almost nothing” to oust Assad.

Never mind reality.

     Reality is, as Adam Johnson of media watchdog FAIR reminds us, that the predicate that Western states did nothing in Syria is pure fantasy: “The US has been ‘intervening’ in the Syrian civil war, in measurable and significant ways, since at least 2012—most notably by arming, funding and training anti-Assad forces.” Johnson cites a Washington Post report from just a couple of months ago:

Read the full article HERE:

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WHAT HAPPENS IF THE GREEKS DEFAULT?

        The end is nigh, prepare for Armageddon, the banking world is in shit creek and the system is about to explode. Of course most people with any knowledge of capitalism know that it is unsustainable and will eventually collapse, the financial sector is just part and parcel of that same system. Our problem is not so much the collapse of the system, but how do we react to that  catastrophic event? Will we fight to get it back on the rails, so that we can get back to borrowing and getting ever bigger mortgages, back to a job with crap wages and an never ending struggle to get an increase that will help you survive? Or will we decide to take control ourselves and change the entire system to one free from the profit motive, bond holders and financial spivs? The following is an extract form a much longer and more detailed article HERE.

What Happens if the Greeks Default?

       Andrew Lilico, writing in the London Telegraph, gives us the answer to that question with a series of short bullet points. I might not agree with all of them, but he is looking in the right direction. (quoting from http://blogs.telegraph.co.uk/finance/andrewlilico/100010332/what-happens-when-greece-defaults/)

       “It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card” it employed to force a bailout upon the Irish – threatening to bankrupt the country’s banking sector – presumably we will now see either another Greek bailout or default within days.

“What happens when Greece defaults. Here are a few things:

- Every bank in Greece will instantly go insolvent.

- The Greek government will nationalize every bank in Greece.

- The Greek government will forbid withdrawals from Greek banks.

- To prevent Greek depositors from rioting on the streets, Argentina-2002-style (when the Argentinian president had to flee by helicopter from the roof of the presidential palace to evade a mob of such depositors), the Greek government will declare a curfew, perhaps even general martial law.

- Greece will redenominate all its debts into “New Drachmas” or whatever it calls the new currency (this is a classic ploy of countries defaulting)

- The New Drachma will devalue by some 30-70 per cent (probably around 50 per cent, though perhaps more), effectively defaulting 0n 50 per cent or more of all Greek euro-denominated debts.

- The Irish will, within a few days, walk away from the debts of its banking system.

- The Portuguese government will wait to see whether there is chaos in Greece before deciding whether to default in turn.

- A number of French and German banks will make sufficient losses that they no longer meet regulatory capital adequacy requirements.

- The European Central Bank will become insolvent, given its very high exposure to Greek government debt, and to Greek banking sector and Irish banking sector debt.

- The French and German governments will meet to decide whether (a) to recapitalise the ECB, or (b) to allow the ECB to print money to restore its solvency. (Because the ECB has relatively little foreign currency-denominated exposure, it could in principle print its way out, but this is forbidden by its founding charter. On the other hand, the EU Treaty explicitly, and in terms, forbids the form of bailouts used for Greece, Portugal and Ireland, but a little thing like their being blatantly illegal hasn’t prevented that from happening, so it’s not intrinsically obvious that its being illegal for the ECB to print its way out will prove much of a hurdle.)

- They will recapitalise, and recapitalise their own banks, but declare an end to all bailouts.

- There will be carnage in the market for Spanish banking sector bonds, as bondholders anticipate imposed debt-equity swaps.

- This assumption will prove justified, as the Spaniards choose to over-ride the structure of current bond contracts in the Spanish banking sector, recapitalising a number of banks via debt-equity swaps.

- Bondholders will take the Spanish Banking Sector to the European Court of Human Rights (and probably other courts, also), claiming violations of property rights. These cases won’t be heard for years. By the time they are finally heard, no one will care.

- Attention will turn to the British banks. Then we shall see…”

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