America

The Dying Empire? 

Sanctions, Sanctions, Sanctions – the Final Demise of the Dollar Hegemony?

Looks like everybody accepts this new economic warfare as the new normal. Nobody objects. And the United Nations, the body created to maintain Peace, to protect our globe from other wars, to uphold human rights – this very body is silent – out of fear? Out of fear that it might be ‘sanctioned’ into oblivion by the dying empire? – Why cannot the vast majority of countries – often it is a ratio of 191 to 2 (Israel and the US) – reign-in the criminals? 

Imagine Russia – more sanctions were just imposed for alleged and totally unproven (to the contrary: disproven) Russian poisoning of four UK citizens with the deadly nerve agent, Novichok – and for not admitting it. This is a total farce, a flagrant lie, that has become so ridiculous, most thinking people, even in the UK, just laugh about it. Yet, Trump and his minions in Europe and many parts of the world succumb to this lie – and out of fear of being sanctions, they also sanction Russia. What has the world become? – Hitler’s Propaganda Minister, Joseph Goebbels, would be proud for having taught the important lesson to the liars of the universe: “Let me control the media, and I will turn any nation into a herd of Pigs”. That’s what we have become – a herd of pigs. 

In a recent interview with PressTV I was asked, why does the US not adhere to any of their internationally or bilaterally concluded treaties or agreements? – Good question. – Washington is breaking all the rules, agreements, accords, treaties, is not adhering to any international law or even moral standard, simply because following such standards would mean giving up world supremacy. Being on equal keel is not in Washington’s or Tel Aviv’s interest. 

Yes, this symbiotic and sick relationship between the US and Zionist Israel is becoming progressively more visible; the alliance of the brute military force and the slick and treacherous financial dominion – together striving for world hegemony, for full spectrum dominance. 

This trend is accelerating under Trump and those who give him orders, simply because “they can”. Nobody objects. This tends to portray an image of peerless power, instilling fear and is expected to incite obedience. Will it? 

This behavior by the dying empire is driving allies and friends into the opposite camp – to the east, where the future lays, away from a globalized One-World-Order, towards a healthy and more equal multi-polar world. – It would be good, if our world body, the members of the United Nations, created in the name of Peace, would finally gather the courage and stand up against the two destroyer nations for the good of humanity, of the globe, and of Mother Earth.

Russia Ditches U.S. Dollar For Gold As Tensions Rise

Russia added 500,000 ounces of gold (15.55174 tons) to reserves in June and bought some 106 tons of gold since the start of the year, with total reserves now approaching the 2,000-metric-ton mark. Last year, Russia added a record 224 tons of gold to the reserves. 

The U.S. is still the largest owner of metal, followed by Germany--8,134 and 3,374 tons, respectively. 

Both political and economic reasons prompted the Russian central bank‘s decision. 

First, mindful of geopolitical tensions, the regulator has apprehensions that Russia-owned treasuries can be frozen. Ironically, the recent meeting between Trump and Putin, not only failed to ease tensions, but amped them up, with some American legislators calling for tougher sanctions against Russia. 

The Russian central bank hinted that it could invest the money from the USD sale not only into gold, but also into International Monetary Fund (IMF) bonds and Chinese bonds.

 U.S. Debt So High Interest Payments Are Forming a “Black Hole”

No surprise to anyone, the United States is in debt. Of the last 64 years, the U.S. has run a budget deficit for 62 of them.Sum that all up, and increasing deficit, rising interest rates, plus insurmountable interest payments are all going to pose huge economic challenges in the near-term.Borrowing more money to pay more debt, more interest, and future deficits is the never-ending cycle that spells “nightmare” for economists.Coupled with its other problems, the U.S. Economy is pretty much walking on eggshells.

 DYI