“Western
sanctions are having an unintended effect. They are accelerating the
birth of a parallel ecosystem where countries not allied to the West
are able to operate without the constant threat of sanctions. Free of
western control, this alternative platform is gaining traction at a
surprisingly fast pace.”
“The
move towards a non-western world is happening most rapidly in the
area of finance. This is hardly surprising because financial flows
are easier to reroute – and replace – than say, a shipment of
coal or an oil tanker.”
“It is
now abundantly clear to Moscow that the US-UK evil twins are not
content with symbolic sanctions but are really out to destroy its
economy. Anticipating this blow to its financial jugular, Russia had
in July drawn up a law that would create a local equivalent of
SWIFT.”
“Vesti
Finance says sanctions aimed at restricting Russian access to finance
will have almost no sense, since Russian companies will find the
necessary money in China. And the Chinese are keen to increase the
impact of the renminbi and turn it into the world’s reserve
currency.”
“The
move to a parallel payment system is happening in tandem with the
ditching of the US dollar on which the entire US economy – and
hegemony – pivots. The dollar’s status as the reserve currency is
due to it being the only currency accepted de-dollarizationin the
petroleum market, which is why it’s also known as the petrodollar.
That’s about to change as Russia and other emerging powers are
planning to drop the petrodollar and end the dollar’s reserve
status.”
“...
the Russian oil company [Gazprom Neft] has started shipping oil from
the Arctic and the tankers will arrive in European ports this month,
with payment to be received in rubles. Gazprom will also deliver oil
via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting
payment in Chinese renminbi.”
“Worth
mentioning is that the Siberia-sized $400 billion gas contract with
China – which Moscow and Beijing had haggled over for a decade –
finally got inked in May 2014, after westerns sanctions kicked in.”
“So in
effect, by not playing by the rules and systems set by the West they
are creating an alternative arrangement in which they neither enter
into conflict situations with the West nor enter into subservient
alliances (like those offered to South Korea and Japan). Years from
now, westerners will ruefully look back at the sanctions as the
tipping point that ushered in a world without the West.”
Full
article:
|
What we see now, is a cruel
battle with time. On the one hand, Russia and China, together with
the rest of the BRICS, are trying to get rid of the dollar and
form their own currency system to gain complete independence, on
the other, the neocon banking-corporate puppets in the US are in
panic and seek desperately a pretext to come to war with Russia
and put an end to this threat for their plans. This explains their
agony to drag Russia into a warm conflict.
|
|
Western block's actions not only
failed to isolate Russia, but seems that managed to expand
Russia's and China's geopolitical influence. [...] This is a
unique opportunity for Argentina and Latin America to show to
other debt-enslaved countries that there is an alternative against
the money market tyranny.
|
Clear and succinct article, the big push is well and truly on. Thank you.
ReplyDeleteThank you.
Deletelaughable drivel from cluess propagandists. stop aggressive actions and join the free world.
ReplyDeleteFree world? You mean the one that bloodbathed Yugoslavia, Iraq, Somalia and many other countries just for the profit of weapon industries and oil corporations? The one that bailed-out banksters with billions of taxpayers money at the same time that slaughtered wages, pensions and the middle-class? The one that supported neo-nazis in Ukraine? The one that brainwash Americans through mainstream media propaganda? And there is more if you want.
DeleteNo thanks, it's all yours.
The one where free speech has to be PC and the one where freedom means dependency on the government for food, healthcare, retirement, housing.
Delete