What you need to know about your money: The SWIFT (Society of Worldwide Interbank Financial Telecommunications) has removed Russia from the banking transaction system. SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. Russia can no longer borrow money, and make payments through the financial system. They have been punished because of actions in the Ukraine. What does that mean for us? First SWIFT is the monopoly at the moment for financial transactions. Now that Russia cannot use the system they will have to create a competing system. They already have financial agreements with 156 countries to use another currency other then the US dollar. If they create another Financial trading system then the SWIFT system will have competition that it did not have previously. The BRICS nations will start using the competing financial system and they may start using a different currency such as the Chinese Yuan. Think of a currency that you would consider a poor currency. Are you thinking of the Peso or a currency used in a third world country? If people do not use the US Dollar then our currency will lose value and become worthless. Granted the US Dollar is used world wide, and it buried deeply in to financial systems and institutions. There are many, many countries who wish to stop using the American Dollar due to the inflation from the large and extreme money printing that we are doing. This causes other Central Banks of other countries to also print large amounts of their currency (for multiples of reasons). We are at a race with other currencies to the bottom. If our dollar is cheaper then our products and services are cheaper compared to the competition of other countries. This is how we have been able to sale our products on the world wide economy these past few years. Without the money printing our products and services would be too expensive for other countries to buy. This forces other countries to print their currency so that their products and services are comparable on the market. (Capitalism at its best). HERE IS THE DANGER! If other countries stop using the US Dollar as the world reserve currency then we will be paupers in the new future, and we will get to experience what it was truly like in the depression years for the poorest of the poor. WHAT CAN WE DO? We can keep China and Russia busy with other things and not working on developing another world currency. One. We create an Islamic front that attacks the Belly of Russia. Remember the Mujahideen in the 80s? We have a new one for today. It is the Al Qaeda fighters. Yes, Al Qaeda is our soldiers in the field. ISIS is just another name for the same group of fighters. Yes ISIS is our own troops. Yes it is ironic that we are attacking ISIS which is our own troops in the field. Two. Create a democracy movement in Hong Kong. Check and Check. So far we are doing good! Oh you said that ISIS is our enemy? If that is true then how come they have not attacked Saudi Arabia? They would own all of the oil fields and the oil production facility, and they would OWN all of the Muslim Holy Sites. Would this not be the true intentions of a group wanting to place a Caliphate in the Middle East. Just go ahead and own it all? If they control the oil in Syria, Iraq, and Saudi Arabia then they could team up with Russia and China and sell oil for Yuan dethroning the US dollar. If ISIS were are enemy would they not team up with Russia and China? Would Russia and China provide the monetary, political, and warfare capability to protect ISIS, the oil fields and the continent that Saudi Arabia sits on? ISIS is not the enemy of Saudi Arabia or of the USA.
Posted on: Tue, 07 Oct 2014 12:23:39 +0000
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