Days of the Dollar as World´s Only Reserve Currency and of US Superpower Monopoly Being Numbered. ECB Prints Money for Its Banks at Taxpayer Cost.

On 17 Febr. 2014, I wrote of imminent signs of a gigantic global financial crash being warned against by Bill Still and Rothschild´s BIS due to a worldwide gigantic credit bubble and a market of paper gold without coverage – since the Rothschilds have stored most of the world´s gold in vaults and send taxpayer´s interest money from their central banks to their Jesuit masters in the Vatican, acc. to former World bank lawyer Karen Hudes.

The signs are increasing that Bill Still´s forecast of a worldwide financial crisis when the money makers withdraw capital from the markets – which is happening now in the US as well as through the Basel I, II and III regulations with deflation, while the EU will end its austerity-made deflation by printing more money – for the “markets” – not for consumption, meaning our souvereign debt and enslavement by the bankers will be increasing.

I have also quoted The New American 7 May 2014: The controversial planetary entity, the IMF,  and its Western apparatchiks, along with various communist and socialist dictatorships and the United Nations, have long been agitating to ultimately dethrone the embattled U.S. dollar. Top-level American officials at the U.S. Treasury and the Federal Reserve have been helping them along.
The IMF, the UN, and multiple national governments have all openly advocated precisely such a plot. The Obama administration, meanwhile, has exploited the Ukraine crisis to further empower the IMF while reducing U.S. influence.

But another and much more dangerous development is going on: The US corporations as well as China, Russia, Iran and others are giving up the Dollar as their reserve currency.Russia is selling  US bonds off – they are being bought by the Belgian middleman by the name of Euroclear – a Rothschild JP Morgan division – on behalf of the central banking system for taxpayer money via the IMF. CNN 19 April 2014: The U.S. dollar’s reserve currency status is a big component of America’s superpower status. Without saddam hussein capturedthis status interest rates (and prices) would be skyhigh in the US.

Saddam Hussein´s switching to euros in oil trading and Gaddafi´s switching to African gold dinars were severely punished by the US and NATO.

Activist Post 4 June 2014: The Financial Times reported today that U.S. corporations are using the Chinese renminbi to buy imports over three times more than they had the previous year:

renmimbi-us-dollar-replacementThe value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.

Further, the BRICS nations appear ready to shake up the ‘world order’ with the deployment of their own development bank
Al Jazeera 4 June 2014:  The BRICS currency reserve, like the IMF, would serve to safeguard member countries from economic turbulence — The development bank, like the World Bank, would dole out loans to countries in the developing world for contracts to supply equipment and expertise for the project.

life of reserve currencies Activist Post 1 April 2013: Australia, the world’s 12th-ranked economy, has now joined a growing list of nations that have agreed to bypass the dollar in bilateral trade with China. China, ranked 2nd behind the U.S., also has similar agreements with Japan (3rd), Brazil (6th), India (9th), and Russia (10th).

But also the EU will withdraw money – directly from the savers

Government cuts life insurances
DWN 4 Juni 2014: The situation among the major insurers is obviously critical:  In summary proceedings  early this morning, the Federal German Government has decided measures to prevent a crash in life insurance. Customers have to prepare themselves for serious losses. Banks and governments save themselves at the expense of savers.

The doom and gloom that is  spreading  behind closed doors during the current crisis is reminiscent of the fears of the 1930s.
Deutsche Wirtschaftsnachrichten 5 June 2014: In September and December, the central bank will issue 2 four-year-running credit lines for the banks, ECB President Mario Draghi said in Frankfurt on Thursday. The cash injection under the ticker symbol of TLTRO are targeted to flow into the real economy – but not for unlimited financing of homes purchases. Draghi amounted  the initial volume at a total of 400 billion euros. In addition, the ECB has postponed the so-called sterilization: It will not as planned take the 500 billion euros back, which are derived from previous injections of money into the banks. In Great Britain,  corresponding measures led to speculation and real estate bubbles.
At the same time, a penalty interest rate of 0.1% for bank deposits with the ECB is introduced.

ecb-balance sheetPrevious quantitative easing by the ECB has had practically no influence on real economy. It flowed into banks to replace their toxic debts – and the tax payers footed the bill

Deutsche Wirtschaftsnachrichten 5 June 2014:  With almost identically worded measures  the head of the Bank of England, Montague Norman, would save capitalism in 1931. History is repeating itself: the savers are expropriated, so that governments can continue making debt. At the end is a rude awakening.

 

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