As I said in a previous post, 2013 – 2020 is going to be an interesting phase in American history.
China is set to surpass the United States as the worlds largest manufacturer.
North Korea is starting up a nuclear reactor that in one year can produce enough weapons plutonium for a nuclear weapon. This puts the world on a one year timeline. Either something has to be done about North Korea within the next year, or the world sits back and allows this rogue nation to develop more nuclear weapons.
Sanctions are not working against Iran.
Social Security disability is going broke, with around 14 million people already drawing benefits and 250,000 new applicants every month.
Eurozone facing historic unemployment rates.
Russia set to increase trade with Europe to $500 billion.
In other words, the United States and Europe are going broke, while Russia and China are poised to become world financial leaders.
United States dominance in the world financial market is about to come to an end. Brazil, Russia, India, China and South Africa have come together to form BRICS; which is going to offer developing nations financial security without having to go through the International Monetary Fund (IMF).
Through the Bretton Woods Conference at the end of World War II the United States and its allies setup the IMF which paved the path for the World Bank.
The way loans work through the world bank, the Federal Reserve prints money out of thin air. The money is then loaned out to the United States government, the IMF and other nations. If a nation owes the United States money, the nation is certain to consider the needs of the United States. In other words, the World Bank and the IMF is a form of financial slavery.
Instead of a for profit bank printing money out of thin air (like the Federal Reserve), nations that control their currency, such as China, will now be offering loans to developing nations through BRICS.
In other words, the U.S. dollar is going to have some competition. The era of financial slavery will hopefully be over soon.
BRICS poses a direct threat to the United States dominance in the world financial market. Do you really think wall street is going to play second fiddle to a state led banking system?
As nations move away from the pertodollar, wall street will force the United States government to do something. If we go by past examples, this “something” is usually war.
If you listen to the news, Gadhafi was overthrown because he was an oppressive leader.
The truth is, Gadhafi was going to stop selling oil for U.S. dollars. Instead of selling oil for paper money, he was going to start selling oil for a currency backed by gold, the dinars.
Wall street knows that once oil producing nations move away from the dollar, the rest of the world will follow.
Gadhafi was overthrown and murdered simply because he threatened wall street profits.
The Chinese threat to wall street
The main threat to wall streets control over the world financial market is China. China is moving nations away from the petrodollar and to its own currency.
Related article – China and Brazil sign $30bn currency swap agreement
Through one trade partner at a time, China will slowly move the world away from the dollar.
The BRICS organization will allow developing nations to take out loans without ever touching the dollar.
Instead of wall street and the federal reserve controlling the world financial markets, it is going to be the Chinese. It is just a matter of time.
No more exporting inflation
As various nations move away from the dollar as the world reserve currency, the United States will not longer be able to export our inflation.
Have you ever wondered why the United States government gives so much money away to other nations? Giving money away is to help control inflation.
The federal reserve prints money out of thin air, the money is given to the banks and to the government. The money finally works its way down to the general public.
To control how much money is in circulation, the US government gives a certain amount of money away to foreign nations.
BRICS will slowly displace the need for US dollars. This means the US government will have to give money away at no interest loans, which in the long term will flood the international monetary system.
Worse case situation, nobody wants the dollar. Which will drive hyperinflation as never seen before.
Could we imagine the horror if the banks stopped getting their flow of free money from the federal reserve? Bankers might have to get a real job.
Where is all of this going
So what about China, Russia, Europe, and the federal reserve? Why should anyone care?
While the United States has been at war with various smaller nations over the past 4 decades, China has been stealing our factories, building dams, and other infracture projects the like that have never been seen before.
While the United States has been building debt, China has been busy building wealth.
Why fight a war with bullets and bombs when nations can be brought to their knees through financial collapse.