War and the Demise of the US Dollar?

Is the US or the World Coming to an End? It will be One or the Other – Published on Global Research.ca, by Dr. Paul Craig Roberts, April 10, 2014.

2014 is shaping up as a year of reckoning for the United States.

Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads.  

The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.

The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.

Russia and China have had enough.  As I have reported and as Peter Koenig reports Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.

This means a big drop in the demand for US dollars and a corresponding drop in the dollar’s exchange value.

As John Williams (shadowstats.com) has made clear, the US economy has not recovered from the downturn in 2008 and has weakened further. The vast majority of the US population is hard pressed from the lack of income growth for years. As the US is now an import-dependent economy, a drop in the dollar’s value will raise US prices and push living standards lower.

All evidence points to US economic failure in 2014, and that is the conclusion of John Williams’ April 9 report.

This year could also see the breakup of NATO and even the EU.  Washington’s reckless coup in Ukraine and threat of sanctions against Russia have pushed its NATO puppet states onto dangerous ground.  Washington misjudged the reaction in Ukraine to its overthrow of the elected democratic government and imposition of a stooge government. Crimea quickly departed Ukraine and rejoined Russia. Other former Russian territories in Ukraine might soon follow.

Protesters in Lugansk, Donetsk, and Kharkov are demanding their own referendums. Protesters have declared the Donetsk People’s Republic and Kharkov People’s Republic. Washington’s stooge government in Kiev has threatened to put the protests down with violence. http://rt.com/news/eastern-ukraine-violence-threats-405/

Washington claims that the protests are  organized by Russia, but no one believes Washington, not even its Ukrainian stooges.

Russian news reports have identified US mercenaries among the Kiev force that has been sent to put down the separatists in eastern Ukraine.  A member of the right-wing, neo-Nazi Fatherland Party in the Kiev parliament has called for shooting the protesters dead.

Violence against the protesters is likely to bring in the Russian Army and result in the return to Russia of its former territories in Eastern Ukraine that were attached to Ukraine by the Soviet Communist Party … //

… (full text).


Articles by Dr. Paul Craig Roberts on Global Research.ca, Find him also on his official Homepage, on en.wikipedia, on YouTube, on World People’s Blog, and on Google Web-search;

TIMELINE: Ukraine turmoil LIVE UPDATES, on Russia Today RT, February – April 2014;

Der Kampf um die Krim als Problem des Staats- und Völkerrechts, auf Wissensmanufaktur.net, von Karl Albrecht Schachtschneider, Berlin, 5. April 2014, (und als PDF-Datei);

Buch von Karl Albrecht Schachtschneider: Die Rechtswidrigkeit der Euro-Rettungspolitik, im KOPP-Verlag;

Buch von Karl Albrecht Schachtschneider: Grenzen der Religionsfreiheit am Beispiel des Islam, im KOPP-Verlag.

Comments are closed.