New World Currency Order is Coming

 

A new financial order will be negotiated in the world, and the West won’t have the main say in it anymore as the “hellish” sanctions imposed on Russia by the US, EU, and their allies over the conflict in Ukraine have failed to cripple the country, but are instead “returning to the West like a boomerang,” ex-Russian President Dmitry Medvedev said.

While the West continues its “fruitless efforts” to restrict Russia, “the world is gradually moving towards a new logic of global economic relations; towards upgrading the financial system,” he said.

The US and EU have “tarnished their reputation” by blocking the reserves of the Russian central bank. “It is impossible to trust those who freeze the accounts of other states; steal other people’s business assets and personal possessions, compromising the principles of sanctity of private property,” Medvedev said .

A targeted demonetisation of the world’s most globalised currencies has big implications. The weaponisation of those currencies and of the financial systems that handle them undermines those properties for any holder who fears being targeted. Sanctions on Russia’s central bank are a shock. Who, governments ask, is next? What does it mean for our sovereignty?

Confidence in reserve currencies is now “fading like the morning mist,” and the prospect of abandoning the dollar and euro in this role does not seem like such an unrealistic prospect anymore, Medvedev said. “The era of regional currencies is coming.”

Russia said that from March 31, it will only accept payments for gas in rubles from “unfriendly countries,” which include the US and EU, while China and Saudi Arabia have been discussing switching to the yuan in their oil trade.

Meanwhile, the German government has taken the first formal step towards gas rationing as it braces itself for a potential halt in deliveries from Russia because as the West refuses to comply with Moscow’s demand for gas imports in rubles.

Russian officials said on Tuesday that Moscow would not “supply gas for free” to Europe, a day after G7 countries unanimously rejected President Vladimir Putin’s directive requiring ruble payments.

Kremlin spokesman Dmitry Peskov said the country should consider selling a wider range of exports in rubles, such as grain, fertilisers, metals, wood and oil. "There are many countries that are showing an interest in mutual settlements in national currencies,” he said.

The world is now rushing to find ways of transacting and storing value that circumvent the currencies and financial markets of the US and its allies.

A recent pamphlet by Harvard’s Graham Allison and colleagues on The Great Economic Rivalry concludes that China is already a formidable peer competitor of the US. History suggests that the currency of an economy of its size, sophistication and integration would become a global money.

Also in Digital Currencies, a pamphlet from the Hoover Institution, it states that a credible alternative to the dollar system is China’s Cross-Border Interbank Payment System (Cips — an alternative to the Swift system) and digital currency (the e-CNY). Both might become a dominant payment system and vehicle currency, respectively, for trade between China and its many trading partners. In the long run, the e-CNY might also become a significant reserve currency. Moreover, argues the pamphlet, that would give the Chinese state detailed knowledge of the transactions of every entity within its system. That would be an additional source of power. 

 

Anonymous 

The Evil Empire and its deputy sheriff Australia still think white men can continue to rule Asia

 The Evil Empire and its deputy sheriff Australia still think white men can continue to practise extraterritorial rights in this world especially in Asia. They are building little blocs here and there to bully others into submission to maintain white supremacy and primacy in hegemony. However, some Asian and Latin American countries have awakened to the insidious white men's policy of 'Divide and Rule' and are resisting the Anglo-Saxon white American insidious attempts to make use of their countries as pawns and proxies in their conflict and competition against Russia and China. A quotation from an article in Global Times below will exemplify the fear of these countries as articulated by the Philippinos.

" Since Ukraine crisis broke out, there are some voices of reflection in the Philippines. They argue that the country needs to avoid the fate of Ukraine, reject Washington's warmongering, and avoid at all costs becoming a "proxy" or a pawn of any major power to encircle another one. The recent situation in Ukraine is a warning to the rest of the world that the security of one country cannot be guaranteed at the expense of undermining security of others, and that regional security cannot be guaranteed by strengthening or even expanding military blocs. Asian countries are not willing to repeat the troubles Washington made in Europe.""

"Peace and stability in Asia are hard-earned and cannot be sabotaged by extraterritorial countries. Washington wants to forcefully peddle its old security concept in Asia, dumping "Cold War garbage" into the Pacific Ocean, even trying to create an "Indo-Pacific version of NATO." In the end, its dream will be crushed by the hard rocks of the Pacific Ocean."

Southernglory1

Lee Hsien Loong - Crazy decisions and rogue behaviours of big powers to invade countries

“If a principle is accepted, that crazy decisions and historical errors are the justification for invading somebody else, I think many of us are going to be feeling very insecure in the Asia Pacific, but also the rest of the world.”

And at a global level, what used to be "win-win cooperation" - despite disagreements - on issues such as trade, climate change and nuclear non-proliferation has now changed, said Mr Lee.

“Now it’s win-lose - you want the other guy to be down, fix him, crash his economy,” said Mr Lee. “So how then do most of the countries, if possible, hang together and cooperate with one another and not fall into disorder, autarky or anarchy?” Lee Hsien Loong - CNA

The above quote by Hsien Loong during his recent visit to the US has 3 parts to think about. The first is about crazy decisions and historical errors to invade another country. Which invasion is more serious, the invasion of Ukraine or Iraq, Syria, Afghanistan or Libya? For Ukraine, it is the threat of nuclear and biochemical weapons at the door step of Russia. In the case of Iraq, it was a fake threat, a fabricated lie of WMD. In the case of Syria and Afghanistan, it was another fabricated lie of terrorist threat against the continent of USA by poor tribesmen. In Libya's case, it was a country that did not want to sell its oil in US$.

Which is a crazy threat and which is a crime against humanity?  You judge.

The second part is about a win win cooperation that China is promoting. The evil Americans cannot accept that. To these evil white men, it must be a win for the Americans and others can only share the crumps. China cannot be richer and stronger than the Americans, just like Japan or Europe cannot be richer and stronger as well. Only the Americans can win and be the number one economy and number one bully in the world. 

Is this reasonable and acceptable? That the world must be controlled and ruled by the American Empire?

The third part, which follows the second part, only the Americans can win and if not, they would put down the other guy, fix him and crash his economy. They had done that to Japan, Europe and Russia and now attacking Russia. Is this the rule of law of the American Empire? Is this American version of democracy and human rights, that they would dictate to others to obey them, and if not, they would sanction and fix or crash the economy of another country. 

Would Singapore and the rest of the world accept this dictate and obnoxious bullying by the Americans? What the Americans are doing to Russia, and wanting to do to China, and to any country that wants to be richer and stronger, is the American version of the world order.  Should this be dismissed and dismantled, and thrown into the dark corners of history, not allowed to be the governing principles of international relationship?  Why should the world be bullied by the Americans and let them live in glory and riches at the expense of the rest of the world?

What do you think? Who is the rogue country?

Ukraine - Speaking of wars and US weapons

'It is now clear that the Pentagon leadership has seen the utterly dismal performance of the Javelin and now wants to phase it out from U.S. forces. Remember, out of thousands of Javelins supplied, thousands of videos published by Ukraine, not a single successful usage of the system has ever been recorded. In fact the vast majority of successful Ukrainian defeats of Russian armor happens at the ends of legacy Soviet/Russian systems and mostly artillery. Russian forces continue to find Javelin units completely unused because Ukr troops have found them to be unwieldy and impractical in combat – too long to set up and use, too heavy to carry around, and not effective even when used. For urban combat where troops have to be as light, mobile, and agile as possible, the Javelin is absolutely worthless with its large CLU interface and overly-bulky design. The Pentagon has clearly seen the failure of the over-hyped system.

-In another sudden and unexpected report, the Pentagon now wants to scrap DOZENS of F-22’s.

https://www.rt.com/news/552870-pentagon-budget-f-22-jets-boneyard/

They have suddenly decided they want to ‘divert funding’ to the next generation platform. There is clearly connection here to something the Pentagon has witnessed in Ukraine that has left it scrambling to rethink its approach to modern warfare. You see all proxy wars are laboratories for Great Powers to test and assess their equipment. The F-22 was the flagship of the U.S. airforce, the ONLY plane forbidden by Congress to sell to any ally even in ‘export version’. The F-35 was meant for the export market while F-22 was supposed to be solely the unique and unmatched great hope and pinnacle of American engineering that would lead to victories in future wars. But it seems now that the Pentagon has had a taste of what modern Russian air defenses / radars are capable in Ukraine and is no longer confident of the F-22’s chances. It has suddenly scrambled to desperately dump the F-22 and prepare for the “next generation” platform titled the ‘Next Generation Air Dominance’ project, which would consist of heavily utilizing integrated drone warfare and possible drone swarms controlled by the pilot. This appears to indicate the U.S. sees no other way to defeat Russian air defenses and airpower in general apart from massive over-utilization of integrated drone saturation – it can no longer count on F-22’s after seeing how Russia has completely nullified the Ukrainian air and anti-air capabilities, which by the way were orders of magnitude greater than the capabilities of the Serbians in the 90’s who humiliated the U.S. air force several times.'

http://thesaker.is/sitrep-operation-z/

Anonymous 

Australia calling to invade Solomon Islands - White men's hypocrisy and aggression at its height

 Calls for Australia to INVADE the Solomon Islands, 'engineer' regime change before it strikes a deal with China: 'This is our Cuban missile crisis'

Hegemonic and colonist mentality behind Australia’s threats to invade Solomon Islands

It's ridiculous that Australia, on one hand, has closely followed the US in condemning what it perceives Russia's "brutal and unprovoked invasion" of Ukraine, but on the other, its elites bluntly threatened to invade its neighbor in the South Pacific and foster a regime change.

A Reuters report on Thursday saying that a proposal for a broader security agreement with China that would be sent to the Solomon Islands' cabinet for consideration has caused shockwaves through Canberra. David Llewellyn-Smith, founding publisher of MacroBusiness and former owner of leading Asia-Pacific foreign affairs journal The Diplomat, suggested a day later that Australia "must ready Solomon Islands invasion." Calling the China-Solomon Islands deal "Australia's Cuban missile crisis," Smith said "If it must, the nation [Australia] should invade and capture Guadalcanal such that we engineer regime change in Honiara" to protect Australia's "sovereignty and democracy."

Australian elites threatened to invade Solomon Islands simply because the latter hopes to strengthen security cooperation with China. Canberra has carried out much military cooperation with the US, including signing the AUKUS deal that will help it acquire nuclear-powered submarines. Don't Canberra's actions pose a greater threat to China?

This shows the hypocrisy and double standards of Australia's frantic elites. It also lays bare Australia's ingrained hegemonic and colonialist mentality toward South Pacific island countries. Australia has no respect for the Solomon Islands and other South Pacific island countries at all, instead, it has long regarded them as its backyard, treating island countries in the region as sphere of influence or even vassal states. When these countries hope to expand relations with others, Australia instantly reacts hysterically.

Australia is trying to obstruct the Solomon Islands' normal cooperation with China even with the threat of an invasion. This shows Australia's obsession with hegemonism. Australia has long been seeking to be the "minor hegemon" in the South Pacific region. To this end, Australia maliciously distorted the security cooperation between China and the Solomon Islands.

The bilateral cooperation in law enforcement and security areas in fact is a response to last year's riots in the Solomon Islands during which Chinese nationals there suffered great losses with their shops smashed, burned and looted and their personal safety in jeopardy. Given the presence of Chinese nationals in the Solomon Islands and with the development and expansion of normal ties between the two countries, it's natural for the two sides to beef up security cooperation.

The waning of the Australian influence in the South Pacific region is because of Australia's hegemonic mindset toward those countries. No country in the region would expect Australia, which can easily threaten to invade, to truly help its development.

Anonymous

PS. China must stand up and defend the Solomon Islands and its right to establish good relations with the Islands and all Pacific Islands. It must not allow this white rogue country to bully the Pacific Island community.