Russia warns that it will dump US Treasuries (Open financial war seems imminent)

[Atlas]

Posted by animovado (here)
There are a lot of good ideas about a new financial system that are not based on greed, self interest and scarcity, but rather on lending and donating. [...] Even today there are financial institutions which deliver such services.

Can you give an example of a 'financial institution which delivers such services'? I'm asking because none comes to mind.

[TargeT]

Posted by buares (here)
Can you give an example of a 'financial institution which delivers such services'? I'm asking because none comes to mind.

well you wouldn't call it a financial institution, as that inherantly infers greed and scarcity...

it's more of a "social movement"

look here:

Source: https://youtube.com/watch?v=qIo2etWlnDM

Michael Tellinger presents the philosophy of UBUNTU Contributionism in Durban South Africa on the 3rd Nov 2012. A Blueprint For a New Social Stucture – What do we do when the global economy collapses? What do we do when the banks close down? We have to consider a brand new social structure – something that we have never tried as the human race. The UBUNTU Liberation Movement and Political party are active in South Africa and are supported by thousands of people around the world. Michael Tellinger is involved in several legal cases against the unlawful activity of the banks in South Africa – the UBUNTU Party is the platform to take this information to the people of the world. Join the UBUNTU Movement and support us with small donations if you can to keep us alive and effective – http://www.ubuntuparty.org.za

http://www.michaeltellinger.com/ubuntu-cont.php

[gnostic9]

Posted by Paul (here)
From Furious Russia, Downgraded To Just Above Junk By S&P, Proposes "Scorched Earth" Retaliation Against NATO Countries (ZeroHedge):

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But far more importantly, and ahead of yet another round of western sanctions which appears imminent unless Obama is to look even more powerless than he currently is (granted, a difficult achievement), Russian presidential adviser Sergei Glazyev proposed plan of 15 measures to protect country’s economy if sanctions applied, Vedomosti newspaper reports, citing Glazyev’s letter to Finance Ministry. According to Vedomosti as Bloomberg reported, Glazyev proposed:

• Russia should withdraw all assets, accounts in dollars, euros from NATO countries to neutral ones
• Russia should start selling NATO member sovereign bonds before Russia’s foreign-currency accounts are frozen
• Central bank should reduce dollar assets, sell sovereign bonds of countries that support sanctions
• Russia should limit commercial banks’ FX assets to prevent speculation on ruble, capital outflows
• Central bank should increase money supply so that state cos., banks may refinance foreign loans
• Russia should use national currencies in trade with customs Union members, other non-dollar, non-euro partners

In other words, a full-blown scorched earth campaign by Russia.

Granted, Russian holdings of US Treasurys are not that substantial (and could be monetized entirely in three months of POMO by the Fed), and western financial linkages to Russia, aside from trade routes, are not life-threatening, but if Russia were to take the baton, and other BRIC countries, already furious by the recent US decision to not boost their IMF status, follow suit, then Obama's life is about to become a living nightmare. Especially, if that most important BRIC member - China - does any of the many things it can do to indicate if, in this brand new Cold War, it is with or against the US...

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There's more at the above ZeroHedge link.

We are engaged in a global economic/monetary/financial war, and all signs indicate this war is about to get hot.

If ethnic Russians continue to be killed in the Ukraine, prompting Russia's promised response (which US Sec of State will no doubt label an invasion of the most dastardly sort), then the sanctions that would prompt a Russian response such as those above would seem all but certain.

Moreover, just such continued provocation of Russia, the killing of ethnic Russians in the Ukraine (with the US blaming the violence on Russia!) seems almost certain as well.

The writing is on the wall. The US Petro Dollar's reign is coming to an end.

Scorched Earth, very Bushesque! It's simply a counter move in the global game! all leaders are pyschopaths! Have a jolly life

[ThePythonicCow]

Posted by gnostic9 (here)
Scorched Earth, very Bushesque! It's simply a counter move in the global game! all leaders are pyschopaths! Have a jolly life

As best as I can tell, it was ZeroHedge, in the name of Tyler Durden, who used the phrase "scorched earth".

I suspect that the Russians would say what they would of this in the Russian language .

[animovado]

Posted by buares (here)

Posted by animovado (here)
There are a lot of good ideas about a new financial system that are not based on greed, self interest and scarcity, but rather on lending and donating. [...] Even today there are financial institutions which deliver such services.

Can you give an example of a 'financial institution which delivers such services'? I'm asking because none comes to mind.

Hopefully these these links will help to find some:

http://www.gabv.org

http://www.inaise.org

https://www.gls.de/privatkunden/english-portrait/

[Calz]

Perhaps "Open financial war" is only the cover story??? Long but stick with it as he builds an interesting case.

_________________


Who is the new secret buyer of U.S. debt?

Brandon Smith
Alt-Market.com
Wed, 21 May 2014 02:41 CDT

On the surface, the economic atmosphere of the U.S. has appeared rather calm and uneventful. Stocks are up, employment isn't great but jobs aren't collapsing into the void (at least not openly), and the U.S. dollar seems to be going strong. Peel away the thin veneer, however, and a different financial horror show is revealed.

U.S. stocks have enjoyed unprecedented crash protection due to a steady infusion of fiat money from the Federal Reserve known as quantitative easing. With the advent of the "taper", QE is now swiftly coming to a close (as is evident in the overall reduction in treasury market purchases), and is slated to end by this fall, if not sooner.

Employment has been boosted only in statistical presentation, and not in reality. The Labor Department's creative accounting of job numbers omits numerous factors, the most important being the issue of long term unemployed. Millions of people who have been jobless for so long they no longer qualify for benefits are being removed from the rolls. This quiet catastrophe has the side bonus of making it appear as though unemployment is going down.

U.S. Treasury bonds, and by extension the dollar, have also stayed afloat due to the river of stimulus being introduced by the Federal Reserve. That same river, through QE, is now drying up.

In my article The Final Swindle Of Private American Wealth Has Begun,I outline the data which leads me to believe that the Fed taper is a deliberate action in preparation for an impending market collapse. The effectiveness of QE stimulus has a shelf-life, and that shelf life has come to an end. With debt monetization no longer a useful tool in propping up the ailing U.S. economy, central bankers are publicly stepping back. Why? If a collapse occurs while stimulus is in full swing, the Fed immediately takes full blame for the calamity, while being forced to admit that central banking as a concept serves absolutely no meaningful purpose.

My research over many years has led me to conclude that a collapse of the American system is not only expected by international financiers, but is in fact being engineered by them. The Fed is an entity created by globalists for globalists. These people have no loyalties to any one country or culture. Their only loyalties are to themselves and their private organizations.

While many people assume that the stimulus measures of the Fed are driven by a desire to save our economy and currency, I see instead a concerted program of destabilization which is meant to bring about the eventual demise of our nation's fiscal infrastructure. What some might call "kicking the can down the road," I call deliberately stretching the country thin over time, so that any indirect crisis can be used as a trigger event to bring the ceiling crashing down.

In the past several months, the Fed taper of QE and subsequently U.S. bond buying has coincided with steep declines in purchases by China, a dump of one-fifth of holdings by Russia, and an overall decline in new purchases of U.S. dollars for FOREX reserves.

With the Ukraine crisis now escalating to fever pitch, BRIC nations are openly discussing the probability of "de-dollarization" in international summits, and the ultimate dumping of the dollar as the world reserve currency.

The U.S. is in desperate need of a benefactor to purchase its ever rising debt and keep the system running. Strangely, a buyer with apparently bottomless pockets has arrived to pick up the slack that the Fed and the BRICS are leaving behind. But, who is this buyer?

At first glance, it appears to be the tiny nation of Belgium.

While foreign investment in the U.S. has sharply declined since March, Belgium has quickly become the third largest buyer of Treasury bonds, just behind China and Japan, purchasing more than $200 billion in securities in the past five months, adding to a total stash of around $340 billion. This development is rather bewildering, primarily because Belgium's GDP as of 2012 was a miniscule $483 billion, meaning, Belgium has spent nearly the entirety of its yearly GDP on our debt.

Clearly, this is impossible, and someone, somewhere, is using Belgium as a proxy in order to prop up the U.S. But who?

Recently, a company based in Belgium called Euroclear has come forward claiming to be the culprit behind the massive purchases of American debt. Euroclear, though, is not a direct buyer. Instead, the bank is a facilitator, using what it calls a "collateral highway" to allow central banks and international banks to move vast amounts of securities around the world faster than ever before.

Euroclear claims to be an administrator for more than $24 trillion in worldwide assets and transactions, but these transactions are not initiated by the company itself. Euroclear is a middleman used by our secret buyer to quickly move U.S. Treasuries into various accounts without ever being identified. So the question remains, who is the true buyer?

My investigation into Euroclear found some interesting facts. Euroclear has financial relationships with more than 90 percent of the world's central banks and was once partly owned and run by 120 of the largest financial institutions back when it was called the "Euroclear System". The organization was consolidated and operated by none other than JP Morgan Bank in 1972. In 2000, Euroclear was officially incorporated and became its own entity. However, one must remember, once a JP Morgan bank, always a JP Morgan bank.

Another interesting fact - Euroclear also has a strong relationship with the Russian government and is a primary broker for Russian debt to foreign investors. This once again proves my ongoing point that Russia is tied to the global banking cabal as much as the United States. The East vs. West paradigm is a sham of the highest order.

Euroclear's ties to the banking elite are obvious; however, we are still no closer to discovering the specific groups or institution responsible for buying up U.S. debt. I think that the use of Euroclear and Belgium may be a key in understanding this mystery.

Belgium is the political center of the EU, with more politicians, diplomats and lobbyists than Washington D.C. It is also, despite its size and economic weakness, a member of an exclusive economic club called the "Group Of Ten" (G10).

The G10 nations have all agreed to participate in a "General Arrangement to Borrow" (GAB) launched in 1962 by the International Monetary Fund (IMF). The GAB is designed as an ever cycling fund which members pay into. In times of emergency, members can ask the IMF's permission for a release of funds. If the IMF agrees, it then injects capital through Treasury purchases and SDR allocations. Essentially, the IMF takes our money, then gives it back to us in times of desperation (with strings attached). A similar program called 'New Arrangements To Borrow' (NAB) involves 38 member countries. This fund was boosted to approximately 370 billion SDR (or $575 billion dollars U.S.) as the derivatives crisis struck markets in 2008-2009. Without a full and independent audit of the IMF, however, it is impossible to know the exact funds it has at its disposal, or how many SDR's it has created.

It should be noted the Bank of International Settlements is also an overseer of the G10. If you want to learn more about the darker nature of globalist groups like the IMF and the BIS, read my articles, Russia Is Dominated By Global Banks, Too, and False East/West Paradigm Hides The Rise Of Global Currency.

The following article from Harpers titled "Ruling The World Of Money," was published in 1983 and boasts about the secrecy and "ingenuity" of the Bank Of International Settlements, an unaccountable body of financiers that dominates the very course of economic life around the world.

It is my belief that Belgium, as a member of the G10 and the GAB/NAB agreements, is being used as a proxy by the BIS and the IMF to purchase U.S. debt, but at a high price. I believe that the banking elite are hiding behind their middleman, Euroclear, because they do not want their purchases of Treasuries revealed too soon. I believe that the IMF in particular is accumulating U.S. debt to be used later as leverage to absorb the dollar and finalize the rise of their SDR currency basket as the world reserve standard.

Imagine what would happen if all foreign creditors abandoned U.S. debt purchases because the dollar was no longer seen as viable as a world reserve currency. Imagine that the Fed's efforts to stimulate through fiat printing became useless in propping up Treasuries, serving only to devalue the domestic buying power of our currency. Imagine that the IMF swoops in as the lender of last resort; the only entity willing to service our debt and keep the system running. Imagine what kind of concessions America would have to make to a global loan shark like the IMF.

Keep in mind, the plan to replace the dollar is not mere "theory". In fact, IMF head Christine Lagarde has openly called for a "global financial system" to take over in the place of the current dollar based system.

The Bretton Woods System, established in 1944, was used by the United Nations and participating governments to form international rules of economic conduct, including fixed rates for currencies and establishing the dollar as the monetary backbone. The IMF was created during this shift towards globalization as the BIS slithered into the background after its business dealings with the Nazis were exposed. It was the G10, backed by the IMF, that then signed the Smithsonian Agreement in 1971 which ended the Bretton Woods system of fixed currencies, as well as any remnants of the gold standard. This led to the floated currency system we have today, as well as the slow poison of monetary inflation which has now destroyed more than 98 percent of the dollar's purchasing power.

I believe the next and final step in the banker program is to reestablish a new Bretton Woods style system in the wake of an engineered catastrophe. That is to say, we are about to go full circle. Perhaps Ukraine will be the cover event, or tensions in the South China Sea. Just as Bretton Woods was unveiled during World War II, Bretton Woods redux may be unveiled during World War III. In either case, the false East/West paradigm is the most useful ploy the elites have to bring about a controlled decline of the dollar.

The new system will reintroduce the concept of fixed currencies, but this time, all currencies will be fixed or "pegged" to the value of the SDR global basket. The IMF holds a global SDR summit every five years, and the next meeting is set for the beginning of 2015.

If the Chinese yuan is brought into the SDR basket next year, if the BRICS enter into a conjured economic war with the West, and if the dollar is toppled as the world reserve, there will be nothing left in terms of fiscal structure in the way of a global currency system. If the public does not remove the globalist edifice by force, the IMF and the BIS will then achieve their dream - the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance. The elites don't want to hide behind the curtain anymore. They want recognition. They want to be worshiped. And, it all begins with the secret buyout of America, the implosion of our debt markets, and the annihilation of our way of life.

http://www.sott.net/article/279489-W...yer-of-US-debt

[ThePythonicCow]

Posted by Calz (here)
Perhaps "Open financial war" is only the cover story??? Long but stick with it as he builds an interesting case.

_________________


Who is the new secret buyer of U.S. debt?

Brandon Smith
Alt-Market.com

Brandon Smith, on Alt-Market.com, is one of the best analysts active right now.

Here's a link to his original posting of the above article, where you can find more of his work:

Who Is The New Secret Buyer Of U.S. Debt? (Alt-Market.com; 21 May 2014; Brandon Smith)

[Ron Mauer Sr]

Posted by Calz (here)
The G10 nations have all agreed to participate in a "General Arrangement to Borrow" (GAB) launched in 1962 by the International Monetary Fund (IMF). The GAB is designed as an ever cycling fund which members pay into. In times of emergency, members can ask the IMF's permission for a release of funds. If the IMF agrees, it then injects capital through Treasury purchases and SDR allocations. Essentially, the IMF takes our money, then gives it back to us in times of desperation (with strings attached).

Feels accurate to me.

I'll bet "strings attached" include (in the following order):

• Confiscation of all firearms.
• Destruction of whatever remains of the Bill Of Rights.
• Implementation of Agenda 21, or something similar, with many families removed from privately owned rural properties, then herded into cities where control is more efficient.
• Depopulation as needed for those who Kissinger described as "useless eaters".

The most important issue is, what can we do (or best not do) to create what we want instead of what the control freaks want? If we *only* focus on what the control freaks want, our creative imaginations may be supporting that reality.

Wish I had the right answers.

[TargeT]

Posted by Paul (here)

Posted by Calz (here)
Perhaps "Open financial war" is only the cover story??? Long but stick with it as he builds an interesting case.

_________________


Who is the new secret buyer of U.S. debt?

Brandon Smith
Alt-Market.com

Brandon Smith, on Alt-Market.com, is one of the best analysts active right now.

Here's a link to his original posting of the above article, where you can find more of his work:

Who Is The New Secret Buyer Of U.S. Debt? (Alt-Market.com; 21 May 2014; Brandon Smith)

Interesting discussion on this topic here:

Source: https://youtube.com/watch?v=n8PQur-RGHg