Colder War News

Demise of the Petrodollar and the End of American Power – The Colder War by Marin Katusa

“[T]he upper echelons of the globalist establishment are plotting to end the decades-old reign of the U.S. dollar”, claims one source. [1]

The Bretton Woods Agreement of 1944 established a system of exchange rates that allowed governments to sell their gold to the U.S. Treasury. But in 1971, U.S. President Richard Nixon took the country off the gold standard, which formally ended the linkage between the world’s major currencies and gold. [2]

Until 1971, the dollar had been tied to gold. After 1971, the dollar would have been just pieces of paper, except a deal was reached with Saudi Arabia: “You sell oil for dollars only, and we’ll protect the House of Saud.” Thus was born the petrodollar, dollars backed by oil.

But what we are witnessing now is secession from the dollar domain. Recent energy agreements between Russia and China will be paid not in dollars but in the respective domestic currencies of those two nations. Further initiatives by the BRICS – Brazil, Russia, India, China, and South Africa – also diminish the international role of the dollar. [3]

The current rebellion against King Dollar means “America’s reserve currency status could unravel fast, seriously undermining the US Treasury market and causing a world of pain for the West,” wrote Liam Halligan of Britain’s Telegraph newspaper on May 24, 2014. [4]

Dr. Bashar al-Assad of Syria had leaked the true situation when he announced, circa April 2014, that Russia was re-establishing a multi-polar world. (Cynics responded it was rather a bi-polar world, suggesting manic-depressive mental illness.) (Background: Emergence of Multipolar World, Ersjdamoo’s Blog, April 8, 2014.)

A new book by Marin Katusa – The Colder War: How the Global Energy Trade Slipped from America’s Grasp – argues there is now a massive geopolitical power shift to Russia, accented by a shift in the energy trade from Saudi Arabia to Russia. This will in turn bring about an  unprecedented impact on the U.S. dollar and the American way of life, according to the book’s description at amazon.com.

But the deeper plot underway, according to a report published by The New American magazine, is that the end goal is to replace the dollar  with a planetary monetary regime and global currency operated by the International Monetary Fund, which would act as a sort of world central bank. [1] However casting doubt on this theory of an IMF bank which rules the “New World Order” is the new BRICs Development Bank, modeled on the IMF. In July 2014, the governments of Brazil, Russia, India and China “led a conference in the Brazilian city of Fortaleza to mark the establishment of a new development bank that, whatever diplomatic niceties are put on it, is intent on competing with the IMF and World Bank.” [5]

And it was on Vladimir Putin’s flight back from Brazil and the establishment of the new BRICs Development Bank that Flight MH-17 was shot down in eastern Ukraine. Some have speculated that MH-17 was mistaken for Putin’s plane and the Russian president narrowly escaped assassination.

Also in “Colder War News”, climatologist John L. Casey, a former space shuttle engineer and NASA consultant, posits that we are now entering a 30-year period of cold. Casey connects sunspots with predictable cycles of weather. The real driver of global climate is solar, and trends indicate we could be headed for colder temperatures similar to those seen in the late 1700s and early 1800s when the sun went into a “solar minimum” activity. Russian astrophysicist Habibullo I. Abdussamatov has gone so far as to argue that a new mini-ice age has begun. [6]

——- Sources ——-
[1] “Russia-China Deals: Another Nail in the Coffin for U.S. Dollar”, by Alex Newman. The New American, June 12, 2014. http://www.thenewamerican.com/economy/item/18462-russia-china-deals-another-nail-in-the-coffin-for-u-s-dollar
[2] “The End Of An Era: Is The US Petrodollar Under Threat?”, by Andrew Topf. OilPrice.com, October 28, 2014.
[3] “China and Russia Sign Major Gas Deal, Bypass Dollar”, by Matthew Kerkhoff. FinancialSense.com, May 22, 2014
[4] “Russia-China gas deal could ignite a shift in global trading”, by Liam Halligan. The Telegraph (UK), May 24, 2014.
[5] “A New Bank that Challenges the US Dollar’s Reserve Status”, by Liam Halligan, July 22, 2014. http://dailyreckoning.com/a-new-bank-that-challenges-the-us-dollars-reserve-status/
[6] “Climatologist: 30-Year Cold Spell Strikes Earth”, by Clayton B. Reid. Newsmax.com, November 16, 2014

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About ersjdamoo

Editor of Conspiracy Nation, later renamed Melchizedek Communique. Close associate of the late Sherman H. Skolnick. Jack of all trades, master of none. Sagittarius, with Sagittarius rising. I'm not a bum, I'm a philosopher.
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One Response to Colder War News

  1. Pingback: Sure Is Cold | Ersjdamoo's Blog

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