As World War Three progresses with the proxy war in Ukraine grinding the nation and its war weary people into dust, we need to pay close attention to the second front. The systematic demolition of US Dollar Hegemony.
Part one of this series is embedded here: World War Three Chronicles, Part1
We are witnessing epochal changes in the global economy with the independent states, centred around the BRIC’s nations, now trading oil in their own currencies.
This development represents an existential threat not ‘just’ for US Dollar hegemony but for US military and industrial hegemony in what has rapidly become a multi-polar world.
China and to a lesser extent Russia are masters of “Soft Power”. The controlled demolition of US dollar hegemony is clearly underway.
Let’s take a field trip to the frontlines. Batton down the hatches, it’s going to be one hell of a transition, let’s hope we survive it! I would rate our chances as slim because of the mendacity existing in the USA and the impossibility of it meeting it’s debt obligations once the Greenback is no longer the worlds reserve currency.
“Brian Berletic and Danny Haiphong discuss the HUGE implications of Saudi Arabia taking steps to join China in forging peace in the Middle East.”
“The BRICS collective, comprising Brazil, Russia, India, China and South Africa, is working on a common currency in an attempt to ditch the US dollar and push back against America’s dominance. The move comes as Moscow and Beijing call for de-dollarisation in the face of Western sanctions”.
Dumping the Dollar: Will a new BRICS currency replace the US currency for trade?
“As the United States combats a recent flood of countries ‘de-dollarizing‘ – trading commodities in other currencies, the last thing that was needed was French President Emanuel Macron amplifying this message.“
If Macron keeps talking like that, I can feel an “Arab Spring” being forced on France.
“March 31, it was reported that France became the first European country in the West to sign a trade agreement allowing payment in yuan instead of dollars or euros. The state-owned company Total, the world’s second-largest LNG giant, was the first to carry the flag of de-dollarization, signing the first LNG purchase agreement with a Chinese state-owned oil company to pay in yuan, while the gas was imported from the United Arab Emirates. This new landscape in global energy markets and international reserve asset space now suggests that the role of the U.S. dollar is being weakened or shared, especially as landmarks of de-dollarization by several major Middle Eastern oil-producing countries, represented by Saudi Arabia, Iran and others, continue to emerge and be exploited. The European Central Bank, Switzerland, Japan, the United Kingdom, Sweden, and the Bank for International Settlements have formed a digital currency development group to bypass the centrality of the dollar. The SHTA trade facility being developed in Switzerland to help the Iranian central bank settle cross-border has also carried out a number of international transactions that bypass the dollar settlement. Switzerland has officially started the process of building a yuan hub, replacing some of its dollar reserves with yuan by selling off dollars in the international reserve space.”
I take the same position as the “view of the highly respected French anthropologist, Emmanuel Todd.”
” We are now one errant missile away from World War III. Some go so far as to argue that World War III has already begun.” De-Dollarization. A discussion at the Valdai Club in Rome.
We have never been in a more dangerous position that we are today, the Cuban Missile Crisis notwithstanding. During the Cuban Missile Crisis all of the parties were at least sane. I would question that today looking at the pathology existing on Capitol Hill.
The USA is broke, and the end of US dollar hegemony is clearly underway. Imagine, a nuclear armed bankrupt whose normal reaction to a ‘problem’ is to bomb it!!!!!
All declining empires in history lash out at their victims and take their vassal states down with them, tragically this declining empire is nuclear armed and controlled by the sociopaths of the Military Industrial Congressional Complex.
We are witnessing the end of an era, or should I say the end of an error?
It’s hard for me to not see this leading to an armed conflict between the collapsing “Empire of Chaos and the new Russia/China led axis! The Empire of Chaos phrase is attributed to the wonderful geo-political analyst Pepe Escobar.
“The third and the final stage on the new economic order transition will involve a creation of a new digital payment currency founded through an international agreement based on principles of transparency, fairness, goodwill and efficiency.”
“I expect that the model of such a monetary unit that we developed will play its role at this stage. A currency like this can be issued by a pool of currency reserves of BRICS [Brazil, Russia, India and China] countries, which all interested countries will be able to join”.
Pepe Escobar: On the Dawn of a New Global Financial System
“To be an enemy of America can be dangerous, but to be a friend is fatal.” ~ #HenryKissinger
The Empire of Chaos demonised Colonel Gaddafi because he was the greatest Pan-African in history imho. He was murdered because he was creating a unified African Union. The colonial powers run by their corporations would have none of it, so they had him murdered, much to the delight of the monster Hillary Clinton. His legacy in Africa will outlive the Greenback.
“Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.” ― Sun Tzu, The Art of War:
Kevin, very good article. I agree with the sentiment expressed! Hold onto your hats! If you think you’ve seen some craziness recently in world politics and events, more is coming!
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Yahoo News just published this.
Nice to see the corporate media catching up with me 🙂
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So here we go as the mud dries up so the tanks can run.
The US Pushes Kiev Into A Suicidal Military Counter Offensive
I find it interesting that Czech protests are getting stronger to throw out the Ukrainian refugees…something not reported in US corporate news.
Two incredible human beings talking truth, that give me the chills:
Chomsky and Ellsberg on the Present Danger
And this last link I think fits in here, especially with Chomsky and Ellsberg’s little conversation:
Margaret Atwood on the Rise of Real World Authoritarians | Offline With Jon Favreau
Do something fun every day, Kev.
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Aotearoa NZ’s role in the Five Eyes Network ensures that we will be dragged off to war with anyone the USA decides is the “devil of the day”, when in reality it’s the USA dragging the world, kicking and screaming into WW3.
China and Russia don’t want war, the US military industrial complex lives on the spoils of war.
“Marco Rubio Accidentally Makes A Great Argument Against US Dollar Hegemony”
Russia would prefer to capture than kill these mercenaries.
If they catch them, they aren’t covered by the Geneva Conventions not that they matter anymore.
Another step deeper into WW3!
“What also is unknown is that Zelensky has been buying the fuel from Russia, the country with which it, and Washington, are at war, and the Ukrainian president and many in his entourage have been skimming untold millions from the American dollars earmarked for diesel fuel payments. One estimate by analysts from the Central Intelligence Agency put the embezzled funds at $400 million last year, at least; another expert compared the level of corruption in Kiev as approaching that of the Afghan war, “although there will be no professional audit reports emerging from the Ukraine.”
“U.S. Secretary of State James Baker’s famous “not one inch eastward” assurance about NATO expansion in his meeting with Soviet leader Mikhail Gorbachev on February 9, 1990, was part of a cascade of assurances about Soviet security given by Western leaders to Gorbachev and other Soviet officials throughout the process of German unification in 1990 and on into 1991, according to declassified U.S., Soviet, German, British and French documents posted today by the National Security Archive at George Washington University (http://nsarchive.gwu.edu).”
This is a remarkably good analysis of what looks a lot like WW3 to me, with some great cameos from Paul Craig Roberts and Mark Sleboda.
There is an embedded clip showing Victoria Nuland boasting about spending $5billion on the 2014 Ukraine coup. Beside her is a banner advertising Chevron, that was no coincidence. To quote George Carlin “The USA is an oil company with an army.”
This is a spectacularly detailed analysis!
Yet again the alt-media leading the way!
Both of the last two world wars were started with “False Flags”, WW3 will be no different!
When we hear about ‘leaks’ we need to vet the data carefully. The first victim of war is always the truth.
Ray made an important observation that it could come from a cohort inside the intelligence community who are opposed to the direction the conflict is heading, a breakneck speed!
We are very fortunate to have such calm minds analysing the swamp of info!
Via my mate Mick McCrohon on Facadebook:
“If this is true maybe the alleged ‘leaked documents’ was a distraction to cover this US/NATO loss of 100s of US and NATO high-ranked Officers?
These Hypersonic missiles make the US look as impotent as Joe Biden.
Time will tell if this is correct.”
[…] World War Three Chronicles, Part 2 […]
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“Ukraine’s allies denounce ‘cynical’ Russian meeting at UN
Russian Foreign Minister Sergey Lavrov blamed the West, particularly the US, for ‘a profound crisis’ in the UN system.”
For anyone operating under the illusion that WW3 hasn’t already “Gone Nuclear” this article clearly confirms our worst fears.
Escalations like this trigger other escalations in a vicious feedback loop of proliferation and escalation!
What’s going to get us first, Nuclear War of runaway abrupt climate change?
ATM it’s looking like a “Dead Heat”, pardon the pun!
The latest from Mark Sleboda and the team at Political Missfits
The US went nuclear in Serbia, went nuclear in Iraq, and now the British are officially making sure the US goes nuclear in Ukraine. Depleted uranium ammo IS when it ends up in the water, ground, air, plants, and all animal life.
Since the Brits are puppets of the US military, this makes it public that the US wants it. Spreading radioactive dust across the planet is insane behavior.
But nobody thinks this is nuclear war! Of course it is, just not with the movie version. I would have changed the title of this piece:
Using Poison in Ukraine’s Depleted Hope of Victory
Britain’s decision to send depleted uranium rounds to Kiev represents more than a dangerous escalation in the West’s proxy war with a nuclear-armed power, writes Elizabeth Vos.
The science shows the damage done to all forms of life, the mutations and birth defects etc etc. that this shit causes. Just because there aren’t giant exploding mushroom clouds doesn’t mean the US isn’t waging nuclear war. It has been since Clinton bombed Serbia…
This is a fantastic reference piece for people debating the legitimacy of Russia’s SMO.
Russia rightly sees the breech of the “Not One Inch East” agreement, hammered out after the peaceful dissolution of the USSR, as an existential threat.
I lived in Germany in the early 1990’s when the agreement was hammered out. We lived and breathed those negotiations, since then, 13 former Soviets have been inducted into NATO, the North Atlantic Terrorist Organisation. This is a massive breach of trust.
The Russian psyche has been moulded two times in History when Germany attacked “Mother Russia”, resulting in the loss of 27 million people in the last attack.
The “Sullivan-Blinken-Nuland troika” are imho the real Presidents of the USA.
It’s those three monsters that pull the Biden strings.
Four and a half million innocent victims.
Will this go down in history as the first radiological contamination of WW3?
Another step closer to nuclear Armageddon!
From counterpunch 25May:
This fits right in here.
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Another master class from Andy helping us navigate WW3
I lived in Germany when the wall came down and NATO agreed to not spread “One Inch East”. Since that agreement 13 former Soviet states have been railroaded into NATO, the North Atlantic Terrorist Organisation.
Russia and China are proud nations that have suffered tens of millions of lost lives when barbarians have attacked them previously, those memories never fade.
Russia and China have never been so united, I take great heart from that new paradigm.
WW3 is clearly underway, clearly I support the axis of resistance in opposition to what Pepe Escobar correctly calls “The Empire of Chaos.”