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the truth is a revolutionary act.
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Napoleon once observed that "history" is a set of lies agreed upon. In an era of ubiquitous fake news and information warfare, this has never been more true. The very concept of objective truth in history is fading out of our world. Pure propaganda and outright lies are passing into our history textbooks as unquestioned truth, condemning future generations to false views about historical reality. But the task of sifting through the lies and propaganda is overwhelming, limited by the ambition and time constraints of most observors. Only those who have dedicated their lives to sorting reality from falsehood are qualified to rewrite "consensus" history as a duty to humanity. The contributors to this site endeavor to do just that.

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Sunday, October 8, 2017

The REAL Reason Why Trump Has Ordered the Destruction of North Korea: To Stop The Demise of the Global Petrodollar System

       The World Gold Council has reported that the Central Bank of Russia has more than doubled the pace of its gold purchases.  It has also been striking deals with Turkey and Saudi Arabia to undercut US dominance in the oil and gas markets of the world.  Combined with its promotion of blockchain technology and creation of an alternative to the SWIFT international banking system, these moves are major threats to Western banking elites.
       China's gold purchases are somewhat mysterious, but are at least on par with the Russian pace of accumulation.  And China recently announced a gold-backed global oil purchasing regime using the Yuan.  China is also forging its own economic future outside of US-based trade agreements by promoting its Asian-based infrastructure projects called One Belt, One Road.
       Together, these two nations are chiseling away at US global hegemony, and threatening to destroy the 44-year old petrodollar system that has perpetuated American dominance of the planet.  The shattering of this dominance will lead to the demise of the US dollar and the collapse of the western banking system.

For this reason, and this reason only, the United States needs a war.  They need a war big enough to cause a stock market panic and a banking system emergency.  This emergency - involving the closure of banks and stock markets around the world for a period of several weeks, will justify a massive money-printing venture (to the tune of $10 trillion) to re-capitalize failing banks and prop the system up for several more years.  But the system is doomed to collapse, and the world is headed for total financial chaos and war in the 2018-2020 period.

Please read the following article found on zerohedge.com by author Jim Rickards and find out why Russia and China's moves are the trigger that is causing Wall Street and the Pentagon to panic and start a World War:
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Jim Rickards: This Is The Only Russia Story That Matters

Tyler Durden's picture
The World Gold Council has reported that the Central Bank of Russia has more than doubled the pace of its gold purchases, bringing its reserves to the highest level since Putin took power 17 years ago.
Russia’s desire to break away from the hegemony of the U.S. dollar and the dollar payment system is well-known. Over 60% of global reserves and 80% of global payments are in dollars. The U.S. is the only country with veto power at the International Monetary Fund, the global lender of last resort.
Perhaps Russia’s most aggressive weapon in its war on dollars is gold. The first line of defense is to acquire physical gold, which cannot be frozen out of the international payments system or hacked.
With gold, you can always pay another country just by putting the gold on an airplane and shipping it to the counterparty. This is the 21st-century equivalent of how J.P. Morgan settled payments in gold by ship or railroad in the early 20th century.
Russia has now tripled its gold reserves from around 600 tonnes to 1,800 tonnes over the past 10 years and shows no signs of slowing down. Even when oil prices and Russian reserves were collapsing in 2015, Russia continued to acquire gold.
But Russia is pursuing other dollar alternatives besides gold.
For one, it’s been building nondollar payments systems with regional trading partners and China.
The U.S. uses its influence at SWIFT, the central nervous system of global money transfer message traffic, to cut off nations it considers to be threats.
From a financial perspective, this is like cutting off oxygen to a patient in the intensive care unit. Russia understands its vulnerability to U.S. domination and wants to reduce that vulnerability.
Now Russia has created an alternative to SWIFT.
The head of Russia’s central bank, Elvira Nabiullina, has reported to Vladimir Putin that “There was the threat of being shut out of SWIFT. We updated our transaction system, and if anything happens, all SWIFT-format operations will continue to work. We created an analogous system.”
Russia is also part of a reported Chinese plan to install a new international monetary order that excludes U.S. dollars.
Under that plan, China could buy Russian oil with yuan and Russia could then exchange that yuan for gold on the Shanghai exchange.
Now it appears Russia has another weapon in its anti-dollar arsenal.
Russia’s development bank, VEB, and several Russian state ministries are reportedly teaming up to develop blockchain technology. They want to create a fully encrypted, distributed, inexpensive payments system that does not rely on Western banks, SWIFT or the U.S. to move money around.
This has nothing to do with bitcoin, which is just another digital token. The blockchain technology (now often referred to as distributed ledger technology, or DLT) is a platform that can facilitate a wide variety of transfers — possibly including a new Russian-state cryptocurrency backed by gold.
“Putin coins,” anyone?
The ultimate loser here will be the dollar. That’s one more reason for investors to allocate part of their portfolios to assets such as gold.
 

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