The end of the hegemony of the US dollar draws near
The end of the hegemony of the US dollar draws near
Russia's response to US and EU illegal actions against Russian frozen assets will accelerate the demise of the US dollar (and of the Euro), despite the hybrid war unleashed by the Outlaw US Empire.
A couple of days ago EU countries adopted a plan to use profits from frozen Russian assets for Ukraine defence, as reported by Reuters.
Russian politician Leonid Slutsky (pictured above), leader of the Liberal Democratic Party of Russia, responded to the EU with the following statement (emphasis original):
Borrell calls for the looting of the proceeds of Russian assets illegally frozen in the EU to begin as quickly as possible.
“I welcome the important and urgently needed decision of the EU Council on the use of the revenues.... We must start implementing it immediately”, said the head of European “diplomacy”.
What is Borrell happy about? The EU today has “shattered” the vaunted Western right to private property, destroyed investor confidence, and destroyed the overall attractiveness of Old World investment for the global majority. The flight of capital from Europe has already begun and, after the Russian reserve fraud, will increase exponentially.
The collective West is once again opening Pandora's box, gangsterically channelling stolen profits from Russian assets to arm the terrorist regime of the usurper Zelensky. Russia's response will surely follow and, I am sure, will be very sensitive for the European authorities. We did not start it.
Now this:
Yesterday (Thursday 23rd May 2024) Vladimir Putin allowed the use of US property in Russia to compensate for damages resulting from the seizure of Russian property in the US. The President of the Russian Federation signed a decree on the procedure for compensating damages resulting from Washington's hostile actions: property of the United States or related persons in Russia may be used to compensate for damages suffered by Russia and the Central Bank.
The Head of State instructed the Council of Ministers to set up a special procedure for the compensation of damages caused to the Russian Federation due to the actions of the US. A special commission will identify property owned by US persons, including shares, that can be used to compensate for damages.
Vladimir Putin also ruled that claimants in the Russian Federation can sue under Russian law to recover damages due to the illegal seizure of property by the US.
I suppose retaliation against the EU will follow suit.
Add to this the spreading rumours about the upcoming introduction of a BRICS+ decentralized monetary ecosystem, called UNIT, which, according to this article (all emphasis original)…
has already received backing by the BRICS Business Council and is on the agenda at the crucial ministerial meeting in Russia next month, which will work out the road map for the summit next October in Kazan.
That means the Unit has all it takes to be on the table as a serious subject discussed by BRICS+ and eventually be adopted as early as in 2025.
All this is going to accelerate the end of the hegemony of the US Dollar and consequently of the Outlaw US Empire.
No wonder the Outlaw US Empire and its EU and NATO vassals are panicking and resorting to hybrid war, with terrorist attacks (such as the one at Crocus City Hall in Moscow in March 2024, which I covered here) and assassination and coup attempts, as you have probably noticed in the last couple of weeks:
14th May 2024 - coup attempt in Turkey: this was thwarted by hundreds of arrests, as reported The New Arab and by the Turkish newspaper Daily Sabah; the Armenian First Channel News media outlet even reported that the day after (15th May 2024) Erdogan held an emergency meeting.
15th May 2024 - assassination attempt against Slovak Prime Minister, Robert Fico, which I covered in this article.
16th May 2024 - assassination attempt against Serbian President, Aleksandar Vučić: this was foiled by the Serbian police that arrested a man threatening Vučić with death, as reported by Novinite, a Bulgarian news agency.
19th May 2024 - coup attempt in Congo: as reported by several news media outlets, including major ones, such as Reuters, CNN and Al Jazeera, at least three US citizens were involved in the coup attempt and arrested, among other 50 people, whereas the leader, Christian Malanga, a U.S.-based Congolese politician, was killed during the attack on the Palais de la Nation (the presidency).
19th May 2024 - helicopter crash in Iran killing the Iranian President, Ebrahim Raisi, and Foreign Minister, Hossein Amir-Abdollahian, among others. We do not know yet if it was truly an accident or if the helicopter was downed or sabotaged, however, as I pointed out in my article, there are clues hinting towards Israel, who had reasons to kill Raisi. Journalists Elijah Magnier and Richard Silverstein, the former affiliated to Hezbollah and the latter with links to Israeli security sources, have also suggested that, according to their sources, Israel is behind the helicopter crash. Nevertheless, today IRNA (Islamic Republic News Agency), the official news agency of the Islamic Republic of Iran, is reporting the following:
“The General Staff of the Iranian Armed Forces has released its first report on the aspects to and reasons behind a recent helicopter crash that led to the martyrdom of President Ebrahim Raisi and his accompanying delegation.
[…]
The helicopter carrying the senior officials crashed while flying along its pre-planned route, the report said, noting that the aircraft did not deviate from the course.The helicopter caught fire after crashing into a mountainous area, the report said, and revealed that the remainder of the wreckage did not bear any bullet holes or signs of similar impact.
[…]
Communications that took place before the incident between the aircraft and the ground control contained no “suspicious” content, it said, and noted that the nation would be informed about any follow-up findings in due course.”
So, in summary, Iran is not blaming anyone yet and investigations continue!
Last but not least, yesterday, Thursday 23rd May 2024, The Telegraph reported that Georgian Prime Minister (PM), Irakli Kobakhidze, said that he had been warned by a top EU official that he could be assassinated if he passes the so-called “foreign agent law” (for more details on this and the situation in Georgia, please see this article):
Irakli Kobakhidze said that he was warned to be “very careful” by an unnamed European commissioner, who referenced the recent assassination attempt on Robert Fico, the Slovakian prime minister.
“Look what happened to Fico and you should be very careful,” said Mr Kobakhidze, recalling the alleged threat.
The Georgian’s statement said the EU commissioner had listed a series of punitive measures that could be introduced by Western leaders if the controversial law was given passage.
Olivér Várhelyi, the Hungarian commissioner responsible for EU enlargement, revealed on Thursday night that the warning came from him.
“With reference to the statement made by the Prime Minister of Georgia on 23 May 2024, hereby I would like to express my very sincere regret that a certain part of my phone conversation was taken out of context,” Mr Várhelyi said.
He said he had intended to urge the prime minister “not to enflame further the already fragile situation” by adopting the foreign agents law, “which could lead to further polarisation and to possible uncontrolled situations on the streets of Tbilisi”.
He continued: “In this regard, the latest tragic event in Slovakia was made as an example and as a reference to where such high level of polarisation can lead in a society even in Europe.”
It is “funny” that Olivér Várhelyi came out and excused himself by saying that Irakli Kobakhidze’s statement was taken out of context. Maybe he should have been more careful with his words when speaking to the Georgian PM.
In any case, we can clearly see that the situation is hot all over the world and that the Outlaw US Empire is waging a full-fledged hybrid war to avoid its collapse, which is now looming. Just look at the title of this Newsweek article from yesterday (Thursday 23rd May 2024):
JPMorgan Chase CEO Jamie Dimon issued a stark warning about the potential for a “hard landing” for the U.S. economy, citing concerns about stagflation and persistent inflation.
Dimon made the comments in an interview with CNBC at the JPMorgan Global China Summit in Shanghai.
And Jamie Dimon is not alone in his “doom and gloom”, as reported in this Watcher.Guru article just a couple of days ago:
Amid the ongoing geopolitical shift brought about by the BRICS economic alliance, America’s 4th largest bank has warned of an impending economic crash. Specifically, Citigroup’s chief US economist, Andrew Hollenhorst, has spoken with CNBC regarding his concerns for the United States and its economic fragility.
And then you have Business Insider warning that “more banks could fail in America”. Wait… weren’t the sanctions supposed to damage Russian economy? How is it that instead Europe and the Outlaw US Empire are falling apart, while Russia is thriving? Have a look at the World Economic Outlook Growth Projections below from the International Monetary Fund (IMF) and notice how Russia in 2023 outperformed and is forecasted to be outperforming all so-called “Advanced Economies” (i.e. US, Canada, Japan, UK and Europe) this year and next year, despite all sanctions:
I will conclude with the news that both the President of the Outlaw US Empire, Joe Biden, and the Vice-President, Kamala Harris, are likely to miss Ukraine's peace summit in Switzerland on 15-16 June 2024, allegedly because “the event clashes with a campaign fundraiser he is set to attend alongside, among others, George Clooney, Julia Roberts, and Jimmy Kimmel”. Well… I must admit that, if I had to choose, I also would prefer meeting with George Clooney and Julia Roberts rather than Volodymyr Zelensky and Dmytro Kuleba! Joking aside, this tells you how much the neo-cons care about Ukraine: of course their priority is keeping hold of power in the White House. Also, it is worth mentioning that Russia has not been invited to the peace summit in Switzerland (it makes sense, right?!) and that, of the 160 countries invited, less than a third confirmed participation until last week (source: Reuters). Nevertheless, we are supposed to believe that Russia is isolated… yeah, sure!