Socio-Economics History Blog

Socio-Economics & History Commentary

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

  • Sanctions, Sanctions, Sanctions – the Final Demise of the Dollar Hegemony?
    by Peter Koenig for The Saker Blog,
    Sanctions left and sanctions right. Financial mostly, taxes, tariffs, visas, travel bans – confiscation of foreign assets, import and export prohibitions and limitations; and also punishing those who do not respect sanctions dished out by Trump, alias the US of A, against friends of their enemies. The absurdity seems endless and escalating – exponentially, as if there was a deadline to collapse the world. Looks like a last-ditch effort to bring down international trade in favor of — what? – Make America Great Again? – Prepare for US mid-term elections? – Rally the people behind an illusion? – Or what?

    All looks arbitrary and destructive. All is of course totally illegal by any international law or, forget law, which is not respected anyway by the empire and its vassals, but not even by human moral standards. Sanctions are destructive. They are interfering in other countries sovereignty. They are made to punish countries, nations, that refuse to bend to a world dictatorship.

    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 Turkey – sudden massive tariffs on aluminum (20%) and steel (50%) imposed by Trump, plus central bank currency interference had the Turkish Lira drop by 40%, and that ‘only’ because Erdogan is not freeing US pastor Andrew Brunson, who faces in Turkey a jail sentence of 35 years for “terror and espionage”. An Izmir court has just turned down another US request for clemency, however, converting his jail sentence to house arrest for health reason. It is widely believed that Mr. Brunson’s alleged 23 years of ‘missionary work’ is but a smoke screen for spying.

    President Erdogan has just declared he would look out for new friends, including new trading partners in the east – Russia, China, Iran, Ukraine, even the unviable EU, and that his country is planning issuing Yuan-denominated bonds to diversify Turkey’s economy, foremost the country’s reserves and gradually moving away from the dollar hegemony.

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August 20, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

The Western Financial System Teeters on the Brink — Only a New Bretton Woods Agreement Among the Four Powers Can Prevent Chaos

  • The Western Financial System Teeters on the Brink — Only a New Bretton Woods Agreement Among the Four Powers Can Prevent Chaos
    The Western monetary system is hanging by a thread. The immediate panic in Turkey, Argentina and elsewhere eased slightly today, but the problem is not localized to one or more crisis points — it is systemic, the result of the past ten years’ refusal to change the policies which caused the 2008 breakdown. When Wall Street exploded in 2008, Bush and Obama showed their colors — the red, white and blue of the Union Jack, not the U.S. flag — refusing to implement Lyndon LaRouche’s call for restoring FDR’s Glass Steagall Act, while enacting laws which encouraged a full return of the derivative speculation at the expense of the real economy. This led to the revolt of the population expressed in the election of Donald Trump, who pledged to restore the US industrial economy and end the perpetual imperial warfare.

    Now, however, as LaRouche insisted after the 2008 crash, Glass Steagall alone will not do the job. Nothing short of an entirely new world financial order can succeed in replacing the “Casino Mondial” of floating exchange rates and unbridled speculation, which has taken the place of investment into the real economy, with the IMF and the ECB as the “enforcement” mechanism. Such a New Bretton Woods approach is required, restoring fixed exchange rates in a gold reserve system, while “New Silk Road” projects based on national credit expand the productivity and well being of the entire human race.

    Achieving such a new paradigm requires that Donald Trump sit down with the leaders of the other three great powers in the world — Russia, China and India — to formulate such a new Bretton Woods agreement. This was LaRouche’s insight in 2009, that only these four powers acting in tandem would have the power to replace the British Empire with a new financial system among sovereign nations based on real development. This vision was confirmed at the historic BRICS Summit in South Africa last month, where Russia, China and India dedicated themselves to extending the spirit and function of the New Silk Road to all of Africa and the so-called developing sector.

    Trump has declared, repeatedly, that Xi Jinping, Vladimir Putin and Narendra Modi are friends, despite the massive effort by the British and their assets in the U.S. to turn the nation against both Russia and China. Now, the Russiagate scam is exposed and could soon be ended, with the accusers becoming the accused. Trump’s lawyer Rudy Giuliani declared that it is time for Obama’s CIA chief John Brennan to be brought before a Grand Jury for his criminal connivance with British intelligence operative Christopher Steele, who orchestrated the ongoing coup attempt against the government of the United states. Leading Congressmen are now focused on the British intelligence role in the Russiagate coup attempt. This cleansing of the British imperial filth within the U.S. establishment must be successfully completed, immediately, freeing Trump to do what he must, through the Four Power alignment: to create the New Bretton Woods.


August 18, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Foreign Minister Wang: Beijing Opposes US Anti-Iran Sanctions

  • PressTV Published on Aug 17, 2018
    The Chinese government has once again put its weight behind the 20-15 Iran nuclear deal as an important achievement in terms of multilateralism. Chinese Foreign Minister Wang Yi, in a phone call with his Iranian counterpart Mohammd Javad Zarif, said Beijing values its relations with Tehran and seeks closer mutually-beneficial cooperation. The top Chinese diplomat also rejected the extra-territorial sanctions the U-S imposed on Iran after Washington’s withdrawal from the nuclear deal. Wang said Beijing opposes the wrong practices of unilateral sanctions and long-arm jurisdiction. Zarif, in turn, called for stronger coordination with the remaining parties to the nuclear deal, including China, to properly tackle the new situation concerning the accord.


August 18, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

Tariff War: China Willing to Resume Trade Talks with US. China’s 25% Tariff on US Fuel to go into Effect Late August

  • RT America Published on Aug 16, 2018
    Beijing has agreed to lower-level trade talks with Washington later this month in an effort to end the worsening tariff dispute. The last round of formal trade negotiations between US and China took place in early June, and was followed by a tariff war. RT America’s Manila Chan is following the story.

  • Fox Business Published on Aug 16, 2018
    Suburban Propane CEO Michael Stivala on how China’s 25 percent tariff on U.S. fuel will impact his propane business and why the tariff is causing volatility to the energy sector.


August 17, 2018 Posted by | Economics, GeoPolitics | , , , | Leave a comment

US $716 Billion Defense Bill Focuses on China, Russia Power Competition

  • CGTN America Published on Aug 13, 2018
    U.S. President Donald Trump is set to sign a more than $700 billion defense bill on Monday.

US ‘defence’ (war really) budget.

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August 17, 2018 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

US Looking to Counter Russia and China in North Atlantic

  • RT America Published on Aug 15, 2018
    A new report says Russia and China are stepping up activity in the North Atlantic. This has the navy looking for ways to prepare and counter this movement. Earlier this year the US military announced a new strategy to counter China and Russia. Much of this strategy is classified but Russian Foreign Minister Sergei Lavrov called the approach confrontational. Scottie Nell Hughes is joined for analysis by the author of ‘Dark Winter’, Anthony Tata.


August 16, 2018 Posted by | GeoPolitics | , , , , | Leave a comment

China Defends Business Relations with Iran

  • PressTV Published on Aug 11, 2018
    China has once again defended its commercial relations with Iran, saying they do not harm the interests of any other country. China’s Foreign Ministry on Friday described its business and energy ties with Iran as reasonable, fair and lawful which it said should be respected and protected. The ministry also reiterated its opposition to unilateral US sanctions calling them quote- long-armed jurisdiction. The statements came days after U.S. president Donald Trump said companies doing business with Iran would be barred from the United States. China is Iran’s biggest oil customer, importing more than 650,000 barrels per day from the country.


August 11, 2018 Posted by | Economics | , , , , , | Leave a comment

Official: Russia Considering Any Change to Iran’s Nuclear Deal “Destructive”

  • Official: Russia Considering Any Change to Iran’s Nuclear Deal “Destructive”
    TEHRAN (FNA)- Russian Foreign Ministry Spokeswoman Maria Zakharova announced that Moscow will continue to honor its commitments under the landmark 2015 Iran nuclear deal reached with major world powers as long as other countries abide by their obligations.

    “My country would deem any changes to the deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), as destructive that could destabilize the already-volatile Middle East region,” Zakharova said.

    She underlined that Washington’s course at bringing down the Joint Comprehensive Plan of Action on the Iranian nuclear program and restoring full-scale pressure through sanctions is absolutely unconstructive.

    Zakharova underlined that the Trump administration’s measures would entail “long-term deplorable consequences for global nonproliferation of the weapons of mass destruction and will impart a destabilizing impulse to the situation in the Middle East”.

    On Tuesday — when the US reintroduced its bans on Iran — the Russian Foreign Ministry released a statement and criticized the US for violating UN Security Council Resolution 2231 that endorsed the Iran deal.

    “We denounce any unilateral sanctions in circumvention of the UN Security Council decisions, all the more so if they have exterritorial applications and affect the interests of third countries, as is the case with the current US restrictions against Iran,” the statement said.

    Russia has vowed to reinforce its relations with Iran in all sectors now that the US has left the accord and chosen to build up economic pressure on the Islamic Republic.

    Vladimir Yermakov, Director General of the Department for Nonproliferation and Arms Control at Russia’s Foreign Ministry, had said in early May that with the US exit “it might even be easier for us on the economic front, because we won’t have any limits on economic cooperation with Iran.”

    US President Donald Trump announced on May 8 that Washington would no longer remain part of the Joint Comprehensive Plan of Action (JCPOA) and promised to re-impose the highest level of economic sanctions against Iran.

    The sanctions reinstated on Iran on May 8 included boycott of Iran’s crude supplies and bans on transfer of its crude revenues. There is a 180 days interval before these sanctions come into effect. Other US secondary sanctions are reinstated this month.

    After Trump’s declaration, the Iranian government issued a statement, calling the US withdrawal as “unlawful”. The statement underlined Iran’s prerequisites for continuing the deal with the five world powers. These conditions that were reiterated later by Iran’s Supreme Leader Ayatollah Seyed Ali Khamenei later mainly included Iran’s guaranteed crude sales and transfer of its revenues back home.

    Two months later, the other five powers party to the nuclear deal have failed to satisfy Iran. President Hassan Rouhani voiced his disappointment over a recent package of incentives proposed by the European Union countries to Tehran, and said that the Islamic Republic expected a much better, clearer and explicit stance by the EU.

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August 11, 2018 Posted by | GeoPolitics | , , , , , | Leave a comment

Lord Rothschild: The New World Order Is At Risk

  • Mr ‘Pyramid’ himself saying what those of us who study the Luciferian New World Order has concluded/deducted with the election of Donald Trump. Trump is messing up their plans by anywhere between 10-25 years. Publicly, Trump has declared war on Globalism(see video bottom of post). ‘Globalism‘ is a euphemism for the process towards a Luciferian New World Order, World Government led by the Anti-Christ.
  • What will Mr Pyramid and his Council of 12/13 do, to get back towards the path for a Luciferian World Government? They will have to amend their plans drastically. They can no longer rely on the USA to do their bidding. Trump will simply tell the Anti-Christ, world leader to “Go jump in the lake! Submit to World Government my Ass!”. 
  • Mr Pyramid has got his “boy wonder” as the European New World Leader. He is running out of time. I know it, he knows it, those of us who are awake know it. The fallen angels are about to be kicked out of heaven, onto earth in fulfillment of Revelation 12. What is he and the Satanic bloodlines about to do?

    Revelation 12 New King James Version (NKJV)
    The Woman, the Child, and the Dragon
    12 Now a great sign appeared in heaven: a woman clothed with the sun, with the moon under her feet, and on her head a garland of twelve stars. 2 Then being with child, she cried out in labor and in pain to give birth.

    3 And another sign appeared in heaven: behold, a great, fiery red dragon having seven heads and ten horns, and seven diadems on his heads. 4 His tail drew a third of the stars of heaven and threw them to the earth. And the dragon stood before the woman who was ready to give birth, to devour her Child as soon as it was born. 5 She bore a male Child who was to rule all nations with a rod of iron. And her Child was caught up to God and His throne. 6 Then the woman fled into the wilderness, where she has a place prepared by God, that they should feed her there one thousand two hundred and sixty days.

    Satan Thrown Out of Heaven
    7 And war broke out in heaven: Michael and his angels fought with the dragon; and the dragon and his angels fought, 8 but they [a]did not prevail, nor was a place found for [b]them in heaven any longer. 9 So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole world; he was cast to the earth, and his angels were cast out with him.

    The Woman Persecuted
    13 Now when the dragon saw that he had been cast to the earth, he persecuted the woman who gave birth to the male Child. 14 But the woman was given two wings of a great eagle, that she might fly into the wilderness to her place, where she is nourished for a time and times and half a time, from the presence of the serpent.

    Revelation 17 New King James Version (NKJV)
    12 “The ten horns which you saw are ten kings who have received no kingdom as yet, but they receive authority for one hour as kings with the beast. 13 These are of one mind, and they will give their power and authority to the beast. 14 These will make war with the Lamb, and the Lamb will overcome them, for He is Lord of lords and King of kings; and those who are with Him are called, chosen, and faithful.”

    15 Then he said to me, “The waters which you saw, where the harlot sits, are peoples, multitudes, nations, and tongues. 16 And the ten horns which you [g]saw on the beast, these will hate the harlot, make her desolate and naked, eat her flesh and burn her with fire. 17 For God has put it into their hearts to fulfill His purpose, to be of one mind, and to give their kingdom to the beast, until the words of God are fulfilled. 18 And the woman whom you saw is that great city which reigns over the kings of the earth.”

    Emmanuel Macron’s Rothschild years make him an easy election target
    Stint at investment bank leaves centrist candidate vulnerable in French campaign
    When Emmanuel Macron told friends in 2008 he was joining Rothschild, the prestigious investment bank, the then 30-year-old civil servant was warned it could scupper a future career in politics. “You’re conscious that banking is not any kind of job? And Rothschild not any kind of bank?” said one friend to the man who, nine years later, would become frontrunner in France’s presidential election.

    read more.
  • Lord Rothschild: The New World Order Is At Risk
    by Tyler Durden,
    Over the past three years, an unexpected voice of caution has emerged from one of the most legendary families in finance: Lord Jacob Rothschild. 

    Readers may recall that as part of the RIT Capital Partners 2014 annual report commentary, the scion of Rothschild family warned that “the geopolitical situation is most dangerous since WWII.” One year later, Jacob Rothschild again warned about the outcome of “what is surely the greatest experiment in monetary policy in the history of the world“, and then again in August 2017 he cautioned that “share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured.”

    Little did he know that they were only going to keep rising, but related to that, he also made another warning which the market has so far blissfully ignored:

    The period of monetary accommodation may well be coming to an end. Geopolitical problems remain widespread and are proving increasingly difficult to resolve.

    Fast forward to today when in the latest half-year commentary from RIT Capital Partners, Lord Rothschild has made his latest warning to date, this time focusing on the global economic system that was established after WWII, and which he believes is now in jeopardy.

    The billionaire banker pointed to the US-China trade war and the Eurozone crisis as the key problems putting economic order at risk, and the lack of a “common approach” – a reference to the gradual unwind of globalization in the wake of President Trump – that has made “co-operation today much more difficult”:

    In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order.”

    It wasn’t clear if he was referring to the post-war fiat standard that emerged once FDR devalued the dollar relative to gold, and then fixed a price for the yellow metal, a tenuous link that was subsequently destroyed by Nixon who finally took the US off the gold standard, or the primacy of the dollar which emerged as the world’s reserve currency after the end of WWII, but whenever one of the people who profited handsomely from the “post war world order” warns it may be on its last legs, it may be time to worry.

    read more.
  • Rothschild worried about new world economic order
    Jacob Rothschild has voiced concern about the global financial system that was established after WWII. The billionaire banker points to the US-China trade war and eurozone crisis as the key problems putting economic order at risk.

    “In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order,”
     Rothschild warned in his investment trust’s half-year results commentary.

    read more.

Macron election victory speech hands up under eye of pyramid.

From: Vintage ‘Trees’ music video. All humanity forming a pyramid worshipping, welcoming the Satanic capstone! The Anti-Christ, the bringer of false peace, the white horseman of Revelation 6 ! The completion of the New World Order project, in a world wrecked by global wars, collapse and chaos!

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

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August 10, 2018 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

China Petro YUAN Gaining Huge Momentum! Will It Destroy the Petro DOLLAR?

August 10, 2018 Posted by | Economics | , , , | Leave a comment

Iranian FM Hints at EU Trade Guarantees in Face of US Sanctions

  • Iranian FM Hints at EU Trade Guarantees in Face of US Sanctions
    As the European Union is trying to salvage the Iran nuclear deal and protect the interests of European companies which could suffer as a result of Washington’s sanctions, Tehran wants to make sure that its business ties with Europe will not be hurt after the second round of US sanctions takes effect in November.

    Iran says that chances are high that it will receive the necessary trade and banking guarantees from Europe to keep alive the 2015 nuclear accord which the US has withdrawn from and threatens to break up.

    In an interview with the newspaper Iran Daily on Wednesday, Iran’s Foreign Minister Mohammad Javad Zarif mentioned a list of measures being prepared by Europe to keep the agreement economically meaningful for Tehran and voiced strong optimism that those measures would be effective.

    Faced with a US threat to punish foreign companies that refuse to join Washington’s sanctions and continue doing business with Iran, the EU has activated the so-called “blocking statute” and has been taking other measures to meet Tehran’s demand for practical guarantees that its economic ties with Europe will not suffer as a result of the US sanctions.

    Zarif said that the Europeans “are moving in the right direction,” and that he hoped that most of these measures would be implemented before the arrival of the second round of US sanctions in November.

    When asked if Europe would be able to meet that deadline, Zarif said that given the Europeans’ and other countries’ resistance to the re-imposition of US sanctions, Washington’s withdrawal from the 2015 nuclear agreement would fail to bring about a collapse of the landmark accord.

    Almost immediately after President Donald Trump announced in May that the United States was walking out of the JCPOA, Germany, France and the UK — all of them also parties to the Iran deal — reaffirmed their firm intention to stay in the agreement. Russia and China have also repeatedly defended the deal.

    The first wave of US sanctions targeting Iranian exports, the country’s financial system and its ability to access the global financial system, took effect at midnight on Tuesday.

    A second wave of sanctions targeting Iran’s energy sector is scheduled to come into effect November 4.

    The 2015 nuclear deal, also known as the JCPOA, eased sanctions earlier imposed on Iran in exchange for Tehran curtailing its nuclear weapons program.


August 9, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

China, Germany Defend Business Ties with Iran

  • PressTV Published on Aug 8, 2018
    China and Germany have defended their business ties with Iran in the wake of US sanctions on Tehran. The Chinese foreign ministry said, in a statement, that Beijing opposes unilateral US measures. It said China’s commercial cooperation with Iran is open and transparent, and does not violate any UN Security Council resolutions. The German government also said that U-S sanctions violate international law. It said Germany expects the US to consider European interests when coming up with such measures. On Tuesday, Washington re-imposed anti-Iran sanctions. US President Donald Trump tweeted that anyone doing business with Iran will be barred from doing business with Washington.


August 9, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

China Willing to Assist Syrian Army in Idlib Offensive – Ambassador to Syria

  • China Willing to Assist Syrian Army in Idlib Offensive – Ambassador to Syria
    by Suliman Mulhem,
    Although China has provided political support to Damascus and is widely expected to play an important role in Syria’s post-war reconstruction, Beijing has so far shied away from offering direct military support to the Syrian Army.

    Chinese Ambassador to Syria Qi Qianjin has suggested Beijing could soon deploy forces to assist the Syrian Army in its upcoming Idlib offensive, in addition to anti-terrorist operations in other parts of the country.

    Speaking to Syria’s Al-Watan newspaper on Thursday, the Chinese diplomat said they are monitoring the conflict, adding that the Chinese military “is willing to participate in some way alongside the Syrian Army that is fighting the terrorists in Idlib and in any other part of Syria.”

    A source at the Syrian Ministry of Foreign Affairs (MFA) told Sputnik reporter Suliman Mulhem he wasn’t aware of plans for China to militarily enter the war, but said the Syrian government “welcomed any support” in its ongoing drive to dislodge terrorists from Syria.

    Meanwhile, Chinese military attaché Wong Roy Chang told the Al-Watan newspaper there is “ongoing” military cooperation between the two countries and said China wishes to advance its relationship with the Syrian Armed Forces.

    When questioned about the prospect of Chinese forces aiding the Syrian Army in its operation to liberate the Idlib Governorate, Chang said such an initiative “requires a political decision,” without elaborating.

    Thousands of hardline Islamist Uyghur militants smuggled themselves and their families into Syria over the course of the multi-year conflict, with the bulk of them ultimately settling in Idlib province, alongside other foreign and domestic jihadists. 

    read more.


August 6, 2018 Posted by | GeoPolitics | , , , , | Leave a comment

How Could China Respond to Looming Deployment of US Marines to Taiwan Embassy?

  • How Could China Respond to Looming Deployment of US Marines to Taiwan Embassy?
    State Department is considering deploying US Marines to the American Institute in Taiwan, the de facto US Embassy in this South Asian country. Yang Xiyu, senior fellow at the China Institute of International Studies think tank, told Sputnik that if taken, the step will be fraught with far-reaching regional repercussions.

    Washington and Taipei do not have official diplomatic relations, so the American Institute in Taiwan (AIT) actually represents US interests in the island. The AIT’s activities in Taiwan are informal and the security of the building is provided by the Taiwanese.

    But in February, Stephen Young, former head of the AIT’s Taipei office, said that US Marines will be deployed to a new AIT compound in Taipei to safeguard US personnel there. 

    Speaking to Sputnik, Yang Xiyu, senior fellow at the China Institute of International Studies, a think tank, pointed out that if US military personnel are stationed at the AIT, the move will “inevitably cause double consequences.”

    “First and foremost, the Taiwan issue is the most sensitive and contentious problem in Sino-US relations. Any actions to ignore the one-China principle will be a serious blow to bilateral ties. If the US Marines are deployed to the AIT, it will further deepen negative factors in relations between Beijing and Washington,” Yang underscored.

    He also referred to efforts by “Taiwan separatists” who are spending hefty sums and trying to encourage the US Congress “to raise the level of US-Taiwan relations”.

    read more.


August 6, 2018 Posted by | GeoPolitics | , , | Leave a comment

China Willing to Work with All Parties to Safeguard Iran Nuclear Deal

  • CCTV+ Published on Aug 3, 2018
    China is willing to work with all parties to continue safeguarding the Iran nuclear deal, said the visiting Chinese State Councilor and Foreign Minister Wang Yi on Friday in Singapore.…


August 6, 2018 Posted by | GeoPolitics | , , | Leave a comment