Mainstream Media Admits "The US Dollar's Domination Is Coming To An End"

The Party's over!

If one has any doubt about change then appreciate that the Yuan is the 2nd largest currency in trade settlement ahead of the Euro and jumps now behind the dollar according to Swift.

Have no doubt, with them establishing development banks and the like, the whole game has now changed. We only have to wait for time to reflect the changes we are already aware of. And in so doing, watch the standard of living in North America decline. That means Tank! Waaahh! Soothers fast.

Zero Hedge
By Tyler Durden
27 June 2014

Submitted by Simon Black of Sovereign Man blog,

“Whoever is winning at the moment will always seem to be invincible.”
– George Orwell

Wise words indeed as they aptly describe misguided confidence in the US dollar.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), which helps manage the global banking system, tells us that US dollar settlement accounts for the vast majority of global trade.

And as Orwell suggests, many people take it for granted that just because the dollar is in the lead today, it will be that way forever.

They couldn’t be more wrong. There’s been a dominant reserve currency for thousands of years.

The Byzantine Empire’s gold solidus was the world standard for centuries; when they hit the reset button in the 11th century, it became the gold hyperpyron.

Eventually this was abandoned for Venetian ducats. Soon Spain’s silver pieces of eight became the dominant reserve standard to the point they were still legal tender in the United States until 1857.

By the 1860s, the British pound sterling was the world’s primary reserve currency, and over 60% of world trade was settled in pounds.

Reserve currencies come and go. So will the dollar. This is nothing new.

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China aims to break U.S. hold in Asia with rival to World Bank

Can what is happening be any clearer? The world is tired of US nonsense and is moving on. You can be sure that when main stream media carries it, it has weight.

By Geoffery Smith
25 June 2014

Beijing diplomats on charm offensive to rally support for new institution free from U.S. control.

China wants to set up a multilateral development bank in Asia to break the U.S.’s financial hold on the continent, the Financial Times reported Tuesday, citing officials familiar with the matter.

It said that Chinese officials have been touring Asia and the Middle East drumming up support for a new institution with $100 billion in capital, with a view to financing major development projects such as infrastructure. The FT said 22 countries across the region have expressed interest so far.

Such an institution would be a direct rival to the World Bank and the Asian Development Bank, which China thinks are too much influenced by the U.S. and its ally, Japan.

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Spectre of war: Schoolboy's picture captures ghost of Scots soldier standing over rows of German graves

An interesting story.

image: John Phillips/REX

MITCH Glover, 14, took several snaps on his iPhone when he visited a cemetery in France during a school trip and was shocked at his discovery.

Daily Record
24 June 2014

THIS is the ghostly image of a World War I Scots soldier captured by a schoolboy on his iPhone.

Mitch Glover, 14, took several snaps when he visited a cemetery in France during a school trip.

When he got home, he was shocked to see the image of a soldier in a kilt and Tam O’Shanter on one of the pictures.

Mitch said: “I ran upstairs to show my mum. She was kind of freaked out.”

Mitch’s mother Sue, 50, an antiques dealer, says: “You could see there was something in that one place.

“A friend of mine said, ‘Do you realise that looks a bit like outfits from the Seaforth Highlanders’.”

Mitch, of Leamington Spa, Warwickshire, took the snap in the Neuville-St Vaast German cemetery near Arras in northern France. It is a few hundred metres from Nine Elms military cemetery, where soldiers of the 114th Seaforth Highlanders fell in battle in April 1917.

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China plans investment bank to break World Bank dominance

Be prepared for what is coming now. Living a giant LIE for 50 years will be a savage wake up sock.

No matter where you look, if you look, you see change. The kind of change driven by the decision to depart the USD in trade and development. This backed not just by China and the BRIC nations; the whole of the G77 is in that space too.

One must ponder the real ramifications of what this means in the west as the role of both the US and the dollar is dramatically lessened. Is it any wonder then why England has abandoned the dollar in trade settlement by directly going to the Yuan? Soon France and Germany will follow and what remains in the world using the dollar will be sorely limited. The big questions are when will:

  • China elect to back their currency with gold
  • Saudis declare that other currencies are acceptable in payment for oil

Logic suggests that the value of dollar will ultimately fall to reflect these changes which in of itself will mean structural change, especially in North America. In a interconnected world of commerce, no nation is immune to global financial change and thus, the good old days in North America will be just that. America needs to elect Clean Leaders of ability and ethos - clear out the trash.

26 June 2014

China is moving forward with a plan to create its own version of the World Bank, which will rival institutions that are under the sway of the US and the West. The bank will start with $100 billion in capital.

The Asian Infrastructure Investment Bank (AIIB) will extend China’s financial reach and compete not only with the World Bank, but also with the Asian Development Bank, which is heavily dominated by Japan. The $100 billion in capital is double that originally proposed, the Financial Times (FT) reported.

A member of the World Bank, China has less voting power than countries like the US, Japan, and the UK. It is in the ‘Category II’ voting bloc, giving it less of a voice. In the Asian Development Bank, China only holds a 5.5 percent share, compared to America’s 15.7 percent share and Japan’s 15.6 share.

At the International Monetary Fund, China pays a 4 percent quota, whereas the US pays nearly 18 percent, and therefore has more influence within the organization and where loans go.

"China feels it can’t get anything done in the World Bank or the IMF so it wants to set up its own World Bank that it can control itself,” the FT quoted a source close to discussions as saying.

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The U.S. Navy is quietly building a big, secretive special operations 'mothership'

Not exactly secret now is it?

From land bases to sea bases the expansion continues unabated in a time of serious financial stress.

PAY YOUR F***ing!!! DEBTS!!!!!

Cragside will be rigged so it can function as a floating base for up to 200 troops, their weapons, and more. (Manuel Hernández Lafuente/

Will commandos get jet skis? Oh yes.

The Week
By David Axe
26 June 2014

The U.S. Navy is quietly converting a 633-foot-long cargo ship into a secretive helicopter carrier with facilities for supporting a large contingent of Special Operations forces and all their gear, including jet skis.

Yes, jet skis.

And here's the really weird thing: almost nobody is talking about the new "mothership" vessel, even though it could significantly expand America's at-sea commando footprint.

In November, Military Sealift Command — America's quasi-civilian fleet of more than 100 specialized but lightly armed vessels — awarded an initial $73-million contract to shipping giant Maersk to convert one of its cargo ships to a so-called "Maritime Support Vessel" standard.

Maersk tapped the 30,000-ton displacement M/V Cragside, built in 2011. After enduring a legal protest by rival Crowley, in January Maersk sent Cragside to the Gulf of Mexico for military modifications, most likely at the BAE shipyard upriver in Alabama.

The contract, extendable for up to four years, could be worth up to $143 million. The militarized Cragside could deploy as early as November this year.

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Russian jets to aid the fight against Sunni rebels in Iraq – PM Maliki

More Russian sales providing dollar liquidity. Iraq calls on Russia because America can't deliver planes????? OMG what a farce.

Iraqi Prime Minister Nuri al-Maliki (AFP Photo / Brendan Smialowski)

27 June 2014

Jets from Russia and Belarus will hopefully make a key difference in the fight against ISIS in Iraq, the country’s Prime Minister Nouri Maliki said. He expressed regrets over Iraq's contract with the US, saying their jets are taking too long to arrive.

"God willing within one week this force will be effective and will destroy the terrorists' dens," he told BBC Arabic.

Meanwhile, Maliki criticized the process of purchasing US jets as “long-winded,” adding that the radicals could have been repelled if Iraq had proper air defense.

"I'll be frank and say that we were deluded when we signed the contract [with the US]," Maliki said. "We should have sought to buy other jet fighters like British, French and Russian to secure the air cover for our forces; if we had air cover we would have averted what had happened," he went on.

Maliki said Iraq bought second-hand jet fighters from Russia and Belarus "that should arrive in Iraq in two or three days.”

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Churkin advises US to use $500 million better than on Syrian rebels

The US wants to waste more money with terrorists in Syria while Russia says spend it on something more useful. The irony is amazing. Who elected these idiots?

Whose money ? Yours!

Russian Permanent Ambassador to the UN Vitaly Churkin © EPA/ANDREW GOMBERT

Earlier this week, the US Administration asked the Congress for $500 million in aid to the so-called moderate armed Syrian opposition

ITAR-TASS News Agency
27 June 2014

THE UNITED NATIONS - The US plans to spend $500 million for training and outfitting Syrian rebels is a step in the wrong direction, Russian Permanent Ambassador to the UN Vitaly Churkin said on Thursday. In his words, 500 million dollars is “a very big sum of money.” “I am sure that it is possible to spend it for something more useful,” he told a news conference at the Russian Permanent Mission at the UN.

“They (the United States) put the situation on the wrong track,” the diplomat said. He said with regret that the US “adds fuel to the fire of Syrian conflict instead of seeking a political solution.” “We noticed that our American partners say that they are not confident whether a successor to Brahimi should be appointed and they are not confident whether talks (between Damascus and opposition) should be resumed. They are sure of nothing,” Churkin stated.

The US Administration asked the Congress for $500 million in aid to the so-called moderate armed Syrian opposition, White House spokesperson Caitlin Hayden said on Thursday.

Plans of the Obama Administration to allocate $500 million to train opposition militants raise many questions of observers. The region faced an unprecedented terrorist threat primarily coming from the Islamic State of Iraq and the Levant organization. Starting their extremist activities in northern Syria, terrorists of this grouping also moved to Iraq and took control of several regions in the country.

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Berlin drops Verizon over US spying fears

The world has set down a marker now on US IT and Software. Exclude them for life at all costs and haste.

They have lost the Global currency role. The energy markets are defecting. The latest Jet fighter overrun is a joke. It may reach $1 Trillion dollars of waste. 

Why not sack the supplies on failure one?

Financial Times
26 June 2014

Berlin has terminated a contract with Verizon over concerns about the security of its systems in the first sign of serious commercial repercussions in Europe from the Snowden revelations of mass US government spying on its allies.

The German interior ministry said the cancellation was linked to the “relationship between foreign intelligence agencies and companies” that the rogue National Security Agency contractor Edward Snowden exposed last year. The revelation of surveillance by US government agencies, and the complicity of some US companies, provoked particular outrage in Germany.

Among the revelations, it emerged that Verizon was required by a court order to hand over information about telephone calls on its network to the NSA on an “ongoing, daily” basis. The order barred the company from publicly disclosing the existence of the request. The metadata collected by the NSA included the number calling, being called, and the location and length of the call.

Berlin said on Thursday it was reorganising its information and communication systems to provide an “increased level of security”.

King Abdullah calls up Saudi armed forces on high preparedness - Egyptian troops ready to fly to kingdom

A disaster seemingly has found a place to happen. Why have this ISIS bunch not been strafed into oblivion by now?

DEBKA file
26 June 2014

Thursday, June 26, the day before US Secretary of State John Kerry was due in Riyadh, King Abdullah summoned a National Security Council meeting “upon the current security events in the region, especially in Iraq,” and ordered “all necessary measures to protect the kingdom against terrorist threats.” This meant a general call-up of military units for a high level of preparedness.

debkafile’s military sources disclose that Egypt is assembling an expeditionary commando force to fly to Saudi Arabia and bolster its border defenses.

This flurry of Saudi-Egyptian military steps comes in the wake of intelligence gathered by Saudi reconnaissance planes showing Iraqi Al Qaeda-linked Sunni fighters (ISIS) heading for the Saudi border and aiming to seize control of the Iraqi-Saudi crossing at Ar Ar (pop: 200,000).

ISIS and its Sunni allies are still on the march after capturing Iraq’s border crossings with Syria and Jordan earlier this week.

On Wednesday, Kerry warned Mideast nations against taking new military action in Iraq that might heighten sectarian divisions.
By then, he had been overtaken by a rush of events, as debkafile reported this morning.

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Classic WHO: Why Petraeus Takedown May Have Been an Inside Job

Enemies are not just far away but also close to home. Who coveted his job more?

Discretion goes with the territory. And the big question - Would Ya?

Gen. David Petraeus and Paula Broadwell

Who What Why
By James Huang
25 June 2014

In this post from February 2013, Douglas Lucas and Russ Baker uncovered a whole new possible explanation of how General David Petraeus’s extramarital affair with Paula Broadwell may have been merely a tool in a little-understood battle within the U.S. military/intelligence establishment.

The result, of course, was the removal of the ex-Pentagon leader as CIA chief and the ascendancy of a rival, the longtime CIA man John Brennan.

Since our story first appeared, Petraeus has landed on his feet and in a typical fashion for a retired four-star general—in the corporate world, the one corner of the iron triangle of government, politics and business left open to him. Since May 2013, he’s been the chairman of the KKR Global Institute, the geopolitical arm of private equity giant KKR.

Most recently, he was out on a tour of the fracking fields in North Dakota’s Bakken Shale, which raised some eyebrows over the access Petraeus and KKR had to the state’s treasurer and land board.

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