Though Babylon should mount up to heaven, and though she should fortify the height of her strength, yet from me shall spoilers come unto her saith the Lord — BRICS is morphing into an anti-dollar alliance

Greetings,

We knew that it was in the offing. We knew that the nations would start to co-ordinate their policies and international positions in an effort to bring down the strongest pillar of American power, that is her dollar. When this is removed the empire’s military might weakens dramatically.

They are all aware of this. All of them are tired of dealing with this mischief-making murdering hypocritical arrogant imperial power. They are willing to unite to rid themselves of their greatest burden and hindrance….America, by destroying her political, economic, and military foundation!

….”Now it is the hand of God which is after America to force her into submission — a hand from which we have no defense as it is written and prophesied in the Bible, under the name of Babylon.

Jeremiah 51:25: “Behold, I am against thee, O destroying mountain, saith the Lord, which destroyest all the earth: and I will stretch out mine hand upon thee, and roll thee down from the rocks, and will make thee a burnt mountain.”

Jer. 51:53 says: “Though Babylon should mount up to heaven, and though she should fortify the height of her strength, yet from me shall spoilers come unto her saith the Lord.

America is under a destruction similar to that of ancient Babylon. In the Bible, Jeremiah, Isaiah, and Revelation of John prophesied concerning her. Babylon, there-mentioned is a future Babylon, and not a Babylon of the past.

America has enslaved all of the so-called Negroes and her evil mistreatment of them is similar to ancient Babylon’s enslavement and mistreatment of the Jews, according to the scriptures. It took the hand of God to bring the king of Babylon and his people into submission to the power of God.

He brought the surrounding kings and their power against ancient Babylon in the prime; the height of her glory — the hand writing on the wall — the casting of Daniel and his followers into a fiery furnace; “–Chp.47(tfoa)

BRICS is morphing into an anti-dollar alliance

Фото: РИА Новости
Before the crucial visit to Beijing next week, the governor of the Russian Central Bank, Elvira Nabiullina met Vladimir Putin to report on the progress of the upcoming ruble-yuan swap deal with the People’s Bank of China and Kremlin used the meeting to let the world know about the technical details of its international anti-dollar alliance.

On June 10th, Sergey Glaziev, Putin’s economy advisor published an article outlining the need to establish an international alliance of countries willing to get rid of the dollar in international trade and refrain from using dollars in their currency reserves.

The ultimate goal would be to break the Washington’s money printing machine that is feeding its military-industrial complex and giving the US ample possibilities to spread chaos across the globe, fueling the civil wars in Libya, Iraq, Syria and Ukraine. Glaziev’s critics believe that such an alliance would be difficult to establish and that creating a non-dollar-based global financial system would be extremely challenging from a technical point of view.

However, in her discussion with Vladimir Putin, the head of the Russian central bank unveiled an elegant technical solution for this problem and left a clear hint regarding the members of the anti-dollar alliance that is being created by the efforts of Moscow and Beijing:
“We’ve done a lot of work on the ruble-yuan swap deal in order to facilitate trade financing. I have a meeting next week in Beijing”, she said casually and then dropped the bomb: “We are discussing with China and our BRICS parters the establishment of a system of multilateral swaps that will allow to transfer resources to one or another country, if needed. A part of the currency reserves can be directed to [the new system].” (source of the quote: Prime news agency)
It seems that Kremlin chose the all-in-one approach for establishing its anti-dollar alliance. Currency swaps between the BRICS central banks will facilitate trade financing while completely bypassing the dollar. At the same time, the new system will also act as a de facto replacement of the IMF, because it will allow the members of the alliance to direct resources to finance the weaker countries.

As an important bonus, derived from this “quasi-IMF” system, the BRICS will use a part (most likely the “dollar part”) of their currency reserves to support it, thus drastically reducing the amount of dollar-based instruments bought by some of the biggest foreign creditors of the US.
Skeptics will surely claim that a BRICS-based anti-dollar alliance will not manage to deprive the dollar of its global reserve currency status. Instead of arguing against this line of thought, it is easier to point out that Washington is doing its best to enlarge the ranks of the enemies of the dollar. Asked by the Russia 24 channel to comment on Nabiullina statements, Sergey Kostin, the president of the state-owned VTB bank and one of the staunchest supporters of anti-dollar policies, offered an interesting perspective on the situation in Europe:
“I think the work on ruble-yuan swap line will finalized in the nearest future and the way for ruble-yuan settlement will be open. Moreover, we are not the only ones with such initiatives. We know about the statements made by Mr. Noyer, chairman of the Bank of France. As a retaliation for what Americans have done to BNP Paribas, he opined that the trade with China must be done in yuan or euro.”
If the current trend continues, soon the dollar will be abandoned by most of the significant global economies and it will be kicked out of the global trade finance. Washington’s bullying will make even former American allies chose the anti-dollar alliance instead of the existing dollar-based monetary system. The point of no return for the dollar may be much closer than it is generally thought. In fact, the greenback may have already past its point of no return on its way to irrelevance.

Click here for reuse options!
Copyright 2014 Hiram's 1555 Blog