Is the US deluding itself as to the role of the dollar in the global scheme of things? Russia and China deliver a dose of reality as they discuss moving away from the dollar to use their own currencies.

Who Needs The United States? Not Russia And China

By Michael Snyder, on May 21st, 2014

Russia and China have just signed what is being called "the gas deal of the century", and the two countries are discussing moving away from the U.S. dollar and using their own currencies to trade with one another.  This has huge implications for the future of the U.S. economy, but the mainstream media in the United States is being strangely quiet about all of this.  For example, I searched CNN's website to see if I could find something about this gas deal between Russia and China and I did not find anything.  But I did find links to "top stories" entitled "Celebs who went faux red" and "Adorable kid tugs on Obama's ear".  Is it any wonder why the mainstream media is dying?  If a particular story does not fit their agenda, they will simply ignore it.  But the truth is that this new agreement between Russia and China is huge.  It could end up fundamentally changing the global financial system, and not in a way that would be beneficial for the United States.
Russia and China had been negotiating this natural gas deal for ten years, and now it is finally done.  Russia is the largest exporter of natural gas on the entire planet, and China is poised to become the world's largest economy in just a few years.  This new $400 billion agreement means that these two superpowers could potentially enjoy a mutually beneficial relationship for the next 30 years...

Russia reached a $400 billion deal to supply natural gas to China through a new pipeline over 30 years, a milestone in relations between the world’s largest energy producer and the biggest consumer.
President Vladimir Putin is turning to China to bolster Russia’s economy as relations sour with the U.S. and European Union because of the crisis in Ukraine. Today’s accord, signed after more than a decade of talks, will allow state-run gas producer OAO Gazprom (GAZP) to invest $55 billion developing giant gas fields in eastern Siberia and building the pipeline, Putin said.
It’s an “epochal event,” Putin said in Shanghai after the contract was signed. Both countries are satisfied with the price, he said.

Of course countries sell oil and natural gas to each other all the time.  But what makes this deal such a potential problem for the U.S. is the fact that Russia and China are working on cutting the U.S. dollar out of the entire equation.  Just check out the following excerpt from a recent article in a Russian news source...

Russia and China are planning to increase the volume of direct payments in mutual trade in their national currencies, according to a joint statement on a new stage of comprehensive partnership and strategic cooperation signed during high-level talks in Shanghai on Tuesday.
“The sides intend to take new steps to increase the level and expansion of spheres of Russian-Chinese practical cooperation, in particular to establish close cooperation in the financial sphere, including an increase in direct payments in the Russian and Chinese national currencies in trade, investments and loan services,” the statement said.

In my recent article entitled "De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar", I warned about what could happen if the petrodollar monopoly ends.  In the United States, our current standard of living is extremely dependent on the rest of the world continuing to use our currency to trade with one another.  If Russia starts selling natural gas to China without the U.S. dollar being involved, that would be a monumental blow to the petrodollar.  And if other nations started following the lead of Russia and China, that could result in an avalanche from which the petrodollar may never recover.
And it isn't just the national governments of Russia and China that are discussing moving away from the U.S. dollar.  For example, the second largest bank in Russia just signed a deal with the Bank of China "to pay each other in domestic currencies"...

Read More Here

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NZ signs historic currency deal with China. And so begins the squeeze out of the US Dollar as the preferred global currency . Can anyone say blow back ? Is the Petro-Dollar Next ?

By Adam Bennett

9:40 PM Tuesday Mar 18, 2014

Photo / New Zealand Herald

New Zealand's economic ties with China have been strengthened with a deal to allow direct trading of the New Zealand dollar against the Chinese currency the renminbi or yuan.
The deal, struck relatively swiftly negotiations began in April last year, will reduce costs for exporters and importers by removing the necessity for transactions to be settled in two foreign exchange trades via a third currency - usually the US dollar.
Prime Minister John Key and China's Premier Li Keqiang announced the agreement after meeting at the Great Hall of the People during Key's first day of an official visit to China this evening.
"It's great to have been in Beijing to witness the conclusion of negotiations to launch direct trading of the New Zealand and Chinese currencies, which I kicked off during talks with President Xi on the margins of the Bo'ao Forum in April 2013", Key said.
"I am delighted that the project has been brought to a successful conclusion so quickly.

It highlights the strong relationship and goodwill between New Zealand and China."
Key said the agreement "will make doing business with China easier by reducing the costs of converting between the two currencies, and will stimulate trade and investment".
"Direct trading will also increase the integration between the New Zealand and Chinese financial systems, and deepen the economic relationship between the two countries."

Read More Here

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BBC : Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it

HSBC imposes restrictions on large cash withdrawals

By Bob Howard Reporter, Money Box

HSBC customers requiring large cash withdrawals may be asked what they want the money for

Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

Listeners have told Radio 4's Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000.

HSBC admitted it has not informed customers of the change in policy, which was implemented in November.

The bank says it has now changed its guidance to staff.
New rules
Stephen Cotton went to his local HSBC branch this month to withdraw £7,000 from his instant access savings account to pay back a loan from his mother.

A year before, he had withdrawn a larger sum in cash from HSBC without a problem.

But this time it was different, as he told Money Box: "When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for. They wanted a letter from the person involved."

Mr Cotton says the staff refused to tell him how much he could have: "So I wrote out a few slips. I said, 'Can I have £5,000?' They said no. I said, 'Can I have £4,000?' They said no. And then I wrote one out for £3,000 and they said, 'OK, we'll give you that.' "

He asked if he could return later that day to withdraw another £3,000, but he was told he could not do the same thing twice in one day.

Continue reading the main story

“Start Quote

As this was not a change to the Terms and Conditions of your bank account we had no need to pre-notify customers of the change”

HSBC customer letter

He wrote to complain to HSBC about the new rules and also that he had not been informed of any change.

The bank said it did not have to tell him. "As this was not a change to the Terms and Conditions of your bank account, we had no need to pre-notify customers of the change," HSBC wrote.
Frustrated customers
Mr Cotton cannot understand HSBC's attitude: "I've been banking in that bank for 28 years. They all know me in there. You shouldn't have to explain to your bank why you want that money. It's not theirs, it's yours."

Peter from Wiltshire, who wanted his surname withheld, had a similar experience.

He wanted to take out £10 000 cash from HSBC, some to pay to his sons and some to fund his long-haul travel plans.

Peter phoned up the day before to give HSBC notice and everything seemed to be fine.

The next day he got a call from his local branch asking him to pay his sons via a bank payment and to provide booking receipts for his holidays. Peter did not have any booking receipts to show.

The following day he spoke to HSBC again and this time, having examined his account, it said he could withdraw the £10,000.

Belinda Bell is another customer who was initially denied her cash, in her case to pay her builder. She told Money Box she had to provide the builder's quote.
Customer protection
HSBC has said that following customer feedback, it was changing its policy: "We ask our customers about the purpose of large cash withdrawals when they are unusual and out of keeping with the normal running of their account. Since last November, in some instances we may have also asked these customers to show us evidence of what the cash is required for."

"The reason being we have an obligation to protect our customers, and to minimise the opportunity for financial crime. However, following feedback, we are immediately updating guidance to our customer facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals, and on its own, failure to show evidence is not a reason to refuse a withdrawal. We are writing to apologise to any customer who has been given incorrect information and inconvenienced."

In a sense your money becomes pocket money and the bank becomes your parent”

Douglas Carswell MP for Clacton

Money Box asked other banks what their policy is on large cash withdrawals.

Read More Here

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A top financial advisor is recommending that Americans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive.

Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse

By PAUL BEDARD | DECEMBER 26, 2013 AT 12:33 PM

Image from Marotta's website warning investors to prepare a "bug-out" bag in case of a fiscal...

A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive.
David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, “Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.”
His memo is part of a series addressing the potential for a “financial apocalypse.” His view, however, is that the problems plaguing the country won't result in armageddon. “There is the possibility of a precipitous decline, although a long and drawn out malaise is much more likely,” said the Charlottesville, Va.-based president of Marotta Wealth Management.

Marotta said that many clients fear an end-of-the-world scenario. He doesn’t agree with that outcome, but does with much of what has people worried.

Read More Here

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Russia Seeks To Ban U.S. Dollar & Predicts Scheduled Collapse in 2017

Russian lawmaker seeks to ban US dollar, predicts 2017 collapse

Published time: November 13, 2013 19:53
Edited time: November 15, 2013 11:39

Get short URL

RIA Novosti / Mikhail Mordasov

To protect Russians against the “collapsing US debt pyramid”, a Russian legislator has filed a draft bill to ban circulation of the currency in Russia.
Once a Moscow mayoral hopeful, Mikhail Degtyarev, 32, likens the US dollar to a worldwide ponzi scheme which he says is scheduled to end in 2017.
“If US national debt continues to grow at its current rate, the dollar system will collapse in 2017,” the submitted draft legislation says.
“In light of this, the fact that confidence in the US dollar is growing among Russian citizens is extremely dangerous,”  Degtyarev wrote in his explanatory note attached to the bill.
The bill would impose a ban on dollars within a year of its passage, and any private citizen holding accounts in dollars would either need to spend the money or convert it to another currency. There is no proposed ban on the euro, British pound, yen, or yuan.
If one doesn’t exchange or transfer dollars within a year, the dollars will be seized by officials, and reimbursed in rubles within 30 calendar days.
Under the proposed legislation, Russians would still be able to use dollars abroad and have foreign bank accounts, as well as buy goods on the Internet in dollars.
The Russian government, Central Bank, Foreign Ministry, Federal Treasury, Federal Security Service, and other state branches would be exempt from the law.
To protect Russian nationals, Degtyarev proposes to end dollar transactions and deposits at Russian banks, which would give rise to the ruble, and end dependence on the world’s dominant currency.
Part of the bill aims to restore the prestige of the ruble, which has weakened as the Russian economy battles inflation and slow growth.

Raising the prestige of the ruble by nixing foreign currency isn’t a novel idea- it was practiced during the Soviet Union when holding foreign currencies was illegal. A similar ‘anti-dollar’ proposal was filed by Duma deputies in 2003, but completely flopped.

Read More Here

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Russian lawmaker wants to outlaw U.S. dollar, calls it a Ponzi scheme

By Marc Bennetts - Special to The Washington Times

Wednesday, November 13, 2013

• 
  Enlarge Photo
  Just-cut stacks of $100 bills make their way down the production line ... more >

MOSCOW — Predicting the imminent collapse of the U.S. dollar, a Russian lawmaker submitted a bill to his country’s parliament Wednesday that would ban the use or possession of the American currency.
Mikhail Degtyarev, the lawmaker who proposed the bill, compared the dollar to a Ponzi scheme. He warned that the government would have to bail out Russians holding the U.S. currency if it collapses.
“If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017,” said Mr. Degtyarev, a member of the nationalist Liberal Democrat Party who lost in Moscow’s recent mayoral election.
“The countries that will suffer the most will be those that have failed to wean themselves off their dependence on the dollar in time. In light of this, the fact that confidence in the dollar is growing among Russian citizens is extremely dangerous.”

Read More Here
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  Russia Seeks To Ban U.S. Dollar & Predicts Scheduled Collapse in 2017!

DAHBOO77

Published on Nov 15, 2013

Russian lawmakers are making moves to ban the Dollar to protect Russians from what they are calling a SCHEDULED COLLAPSE IN 2017!

http://theextinctionprotocol.wordpres...

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Could the goverment shutdown have been a clever ruse ? Just another brick being laid down on the road to economic control ?

Snordster·

Published on Oct 9, 2013

Forget the Government Shutdown -- It's About Shutting YOU Down!
Americans are being treated to political theater at its finest. It's not a theater of entertainment, however, but a coliseum of enslavement where in the world of deception, perception becomes reality. This theater requires audience participation, where we, the theater-goers, become part of the play. We are a truly captive audience, entranced into mindlessly choosing sides at the frenzied urging of the corporate media and partisan cheerleaders firmly seated behind the microphones and television cameras of the nationally syndicated media.

 From RINF: http://rinf.com/alt-news/breaking-new...

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• Global Research News

Americans Are Being Treated to Political Theater: Forget the Government Shutdown – It’s About Shutting YOU Down

By The Hagmann & Hagmann Report

Global Research, October 08, 2013

The Hagmann & Hagmann Report 4 October 2013

The government is red, the middle class is dead & they want us all dead
Americans are being treated to political theater at its finest. It’s not a theater of entertainment, however, but a coliseum of enslavement where in the world of deception, perception becomes reality. This theater requires audience participation, where we, the theater-goers, become part of the play. We are a truly captive audience, entranced into mindlessly choosing sides at the frenzied urging of the corporate media and partisan cheerleaders firmly seated behind the microphones and television cameras of the nationally syndicated media.
As the play progresses, we, the American people, become part of each act, believing that we actually have a voice in this pre-scripted performance. We are bombarded with lie after lie, each worse than the previous in an attempt to convince us that we can making a difference by choosing and cheering seemingly opposing sides on the stage before us. The biggest lie of them all is that there are not two sides, but just one. It’s “them versus us” in a fight to the death playing out before us in this 21st century Shakespearean tragedy. It’s not just death, but the premeditated murder of the middle class and anyone without a reservation at the globalists’ table. And the space at that table is limited.
The actors of this play are ostensibly at odds over funding the Affordable Care Act while a peek behind the curtain tells a different story altogether. Like any play, the ending of this has already been determined.  The ending, however, is not the same as written in the commemorative program you were given upon your arrival at this theater.
The house lights have been dimmed not just for the performance, but to induce us into a hypnotic trance further enabled by the media mouthpieces of malice. As you gradually become accustomed to the theater lighting, you’ll see that it’s not just a play, but you’re being played. You’re being manipulated into believing that the government shutdown is the actual plot of the play, while it is merely the method to continue the lie of a fictitious political paradigm.


Read More Here

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Is the government shutdown actually the ground work of a well laid out plan to confiscate money in the US ?

Money Confiscation Legal?

Snordster

Published on Apr 26, 2013

A chilling peek into the future by way of the past from Matthias Chang. here; http://www.globalresearch.ca/no-bank-...

Ask your local police, sheriffs, lawyers, judges the following questions:

1) If I place my money with a lawyer as a stake-holder and he uses the money without my consent, has the lawyer committed a crime?

2) If I store a bushel of wheat or cotton in a warehouse and the owner of the warehouse sold my wheat/cotton without my consent or authority, has the warehouse owner committed a crime?

3) If I place monies with my broker (stock or commodity) and the broker uses my monies for other purposes and or contrary to my instructions, has the broker committed a crime?

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