Operation Disclosure | By David Lifschultz October 28, 2020 RUSSIA ADDRESSES US CURRENCY THREAT The US strategic plan according to Russia i...
Operation Disclosure | By David Lifschultz
October 28, 2020
RUSSIA ADDRESSES US CURRENCY THREAT
The US strategic plan according to Russia is to break up the alliance between Russia, China and Iran by first destroying Iran by sanctions in order to place a new CIA Shah on the throne, and then bringing down Putin by cutting Russia off from SWIFT-CHIPS which is the financial system that handles with a dollar on one side 88% of all world transactions in international trade creating a depression in Russia to be blamed on Putin, and then after Putin in Russia is replaced by a CIA agent as Yeltsin, then deny China Russian natural resources to make them totally dependent on the seas for their natural resources which oceans are controlled by eleven US carrier task forces. The Anglo-Saxons have controlled the seas since the defeat of the Spanish Armada in 1588 and thereby the world. The US sanctions on Iran have nothing to do with nuclear weapons which they already have purchased from North Korea including the hydrogen bomb but their ability to shut the Straits of Hormuz cutting off 22% of the world oil supply. If you combine that to the 11% of the oil supply produced by Russia, and the Russian actual control of their former provinces for another 14%, and 5% for China yields control of 52% of the world's oil supply using 100 million barrels a day of world production in the calculations or control of the world as cutting this off would bring down the 2.5 quadrillion derivative market imploding the entire world financial system. The Bank for International Settlements calculates this derivative exposure at 560 trillion dollars but Swiss sources put it from 1.3 quadrillion to 2.5 quadrillion. To place this in proportion the world GDP is 81 trillion dollars. If we paraphrase Warren Buffett, the Russians, Chinese, and Iranians hold a financial weapon of mass destruction. China has reacted to the US threat by planning to put 400 billion dollars into Iran in investments and sources say that the Russians and Chinese will militarily side with Iran in the event of an attack on Iran by a western power. In other words, the Russians and Chinese plan to stop the Anglo-Saxon plan at Iran. There is the red line. Sergey Glaziev is Putin's point man to solve the SWIFT-CHIPS problem for Russias, which is the most important strategic issue facing Russia today, who may be the successor of President Putin.
Alongside Sergey Lavrov and Dmitry Medvedev, Glazyev is often spoken about as a potential successor of Putin. "In view of the difficult economic situation in the country, the assumption that Glazyev will take perhaps the central position in government is heard more and more often."22 Vtoroy, Mark (September 15, 2015). "Who's next? Three possible successors to Putin (an article that first appeared in Politrussia, translated by J. Arnoldski)".
“To avoid the growing risks, we must switch to national currencies,” said the Eurasian Economic Commission’s Minister for Integration and Macroeconomics, Sergey Glazyev. In the first quarter of 2020, trade between Russia and China in dollars fell below 50 percent for the first time to 46 percent, a significant decrease from 75 percent in 2018. In 2015, the share of the American currency in bilateral transactions between Moscow and Beijing was even higher – at 90 percent. However, despite movement away from the dollar, foreign currencies still dominate trade between the two Eurasian superpowers.
Putting Benjamin to bed? In major move, China & Russian-led EEU bloc to replace trade in dollar & euro with domestic currencies
27 Oct, 2020 19:21
By Jonny Tickle
The Eurasian Economic Union (EAEU), an analogue to the EU in the post-Soviet space, should begin using its own currencies in trade, rather than the Euro and Dollar, which dominate commerce between the member states and China.
That’s a consensus agreed upon at a virtual forum on Monday, dedicated to integrating the five EAEU member states with China's flagship foreign policy initiative, ‘One Belt, One Road’. Founded in 2010, The EAEU is made up of Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, and in recent years has actively sought a closer relationship with Asia, especially Beijing.
“To avoid the growing risks, we must switch to national currencies,” said the Eurasian Economic Commission’s Minister for Integration and Macroeconomics, Sergey Glazyev. “This work is underway, and we are consistently increasing the share of payments in national currencies, both in the EAEU and abroad, although it remains modest. For example, only half of payments in the EAEU are made in national currencies, and with China, the share of payments in rubles and yuan is even less – 15%.”
Bye Bye Benjamin! Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks
According to Glazyev, moving away from the world's two most-traded currencies is not about “separating politically,” but instead protecting EAEU member states' economies from a situation they have no control over.
In the first quarter of 2020, trade between Russia and China in dollars fell below 50 percent for the first time to 46 percent, a significant decrease from 75 percent in 2018. In 2015, the share of the American currency in bilateral transactions between Moscow and Beijing was even higher – at 90 percent. However, despite movement away from the dollar, foreign currencies still dominate trade between the two Eurasian superpowers.
The dollar's reduced role in international trade can mainly be blamed on the ongoing trade war between the US and China. Beijing's turn away from Washington has also coincided with the Kremlin's de-dollarization policy, which began back in 2014 as a result of Western nations imposing sanctions on Moscow over Crimea.
Speaking at the virtual conference, Viktor Dostov, president of the Russian Electronic Money Association, explained how using the dollar incurs extra costs on EAEU members.
“Now, if I want to transfer money from Russia to Kazakhstan, the payment is made using the dollar. First, the bank or payment system transfers my rubles to dollars, and then transfers them from dollars to tenge,” Dostov said. “There is a double conversion, with a high percentage taken as commission.”
In August, Russian analyst Alexey Maslov told Japanese publication Nikkei Asian Review that Moscow and Beijing's ditching of the US dollar could result in the creation of a “financial alliance” between the two nations. With two other EAEU nations – Kyrgyzstan and Kazakhstan – having a land border with China, the economic bloc's imperative to move toward national currencies in cross-border trade is even stronger.
David Lifschultz
THE LIFSCHULTZ ORGANIZATION
DAVID@LIFSCHULTZORGANIZATION.COM
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