De-dollarization and emergence of gold-backed new financial system … Significant devaluation of the dollar to drive developing countries and Japan into absolute chaos
This
is a sequel to the article on Sputnik interview with Mr. Peter
Koenig, which I picked up yesterday. Reading the article, you must
well understand the directionality of global situation.
As
Mr. Fulford has often mentioned, “already now, The SCO and BRICS
countries contain about half of the world’s population and control
one third of the world’s GDP. They truly do not need the west for
survival.” Therefore, it is not necessary to conduct international
trade on a U.S. dollar basis.
But
change to a new financial system has to happen prudently and
gradually, because rapid change will cause big damages to emerging
economies which are dependent on the U.S. dollar. Their reserves are
still largely dollar-denominated. And if the western system
collapses, it is highly likely that emerging countries would also go
bankrupt. To prevent it, previous agreement and careful preparations
are needed.
Emerging
of a new financial system backed by gold will cause the world to move
towards a multipolar world. I suppose that under such circumstances,
the U.S. will try to issue a new Treasury currency backed by gold.
This is so-called significant devaluation of the dollar. It will
inflict heavy damage on Japan with voluminous amount of U.S.
government bonds and emerging economies with only dollar reserves.
Unless prior arrangement is made carefully, the moment a new
financial system is initiated, the society would be chaotic.
The
military which supports Trump administration has made efforts to
establish a new financial system is oriented toward working together
with Russia and China.
According
to the tweet below, Venezuelan President Maduro “declared to trade
petroleum in currencies other than dollar.” Although President
Trump has repeatedly made strong remarks to Venezuela, Venezuela is
to be protected by Russia and there is presumably an agreement
between Russia and the U.S. military.
Under
such conditions, how should we interpret the threat of the U.S.
Department of Treasury against China described in the first tweet:
“Unless implementing the new sanctions against North Korea, the
U.S. prohibits China from trading in dollars”? This is almost like
the U.S. economical suicide bombing. Conversely, it means that the
U.S. is driven into a corner that much and it is a sign that bankers
who own FRB are driven into a corner.
September
18, 2017
Masatoshi
Takeshita
Note:
Shanti-phula
has indicated some parts of the following text in black boldface type
or in red letters.
Excerpt
from a Japanese article: Overseas Article Never Reported by MassMedia –
September
17, 2017 –
Gold
Trade Between Russia and China – A Step Closer Towards
De-Dollarization?
Transcript
of Sputnik, Skype Interview, 6 September 2017
By
Peter Koenig and Sputnik
Global
Research, September 07, 2017
Source:
<snip>
Peter
Koenig: <snip> And China and Russia
are moving fast towards complete independence from the western
economy. <snip>
Already now, The SCO and BRICS
countries contain about half of the world’s population and
control one third of the world’s GDP. They truly do
not need the west for survival. To the contrary. <snip>
But – it has to
happen prudently and gradually, because
all the emerging economies that would like to
join the BRICS and the SCO are still to a large degree dependent on
the US-dollar; their reserves are still largely
dollar-denominated. And if the western system collapses rapidly,
they would tend to lose out dramatically.
<snip>
Sputnik:
Now, China is soon expected to launch a crude
oil futures contract priced in yuan and convertible into gold.
How could this initiative change the rules of the global oil game?
<snip>
PK:
It will change everything. <snip> … detaching from the
dollar-based western monetary system, and instead trading
in Yuan, rubles or gold, or any other local currencies for that
matter, will make ‘sanctions’ completely ineffective.
<snip> It
is through non-dollar international trade contracts that the
western dollar-based monetary system will be gradually dethroned and
dismantled.
(The
rest is omitted)
—
Distributed
by Twitter
「北朝鮮への制裁を守らないなら、中国にドルで取引することを禁止する」と米財務長官ムニチン。ところが脅しにも何にもならない。中国より困るのは米国。なぜこんな恥さらしの恫喝をする？t.co/2Llqt24UMT— mko (@trappedsoldier) 2017年9月17日
米国の介入と制裁を受けるベネズエラが石油取引をドル以外にすると宣言。すでに人民元で価格を表示！t.co/9fsPwVvbkg— mko (@trappedsoldier) 2017年9月17日
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