A 'must read' if you want to know & understand why the world is what it is today.

[Majulah]

Chris Kanthan Sep 16 2022

Are we on the verge of Bretton Woods III when a new financial system will be born in which the US$ will be replaced by a multipolar currency?

*THE NEED FOR BRETTON WOODS III World Affairs - Non-Partisan and Objective*

The United States of America is in big trouble, short term and long term. In 2022, the stock market is crashing, bond market is down the most in 40 years, housing bubble is bursting, inflation is skyrocketing, debt is exploding, and GDP is shrinking. These are not temporary crises. Instead, they reveal systemic flaws in the American economy that is propped up by a rigged global financial system. However, that system is starting to crumble and the primacy of US dollar is in serious trouble, thanks to an emerging multipolar world. (Don't believe the nonsense that the US can keep printing infinite amount of dollars).

The US needs to default on its debt and start new. Declare bankruptcy and yet remain the #1 country. This will be the "Bretton Woods III" agreement.

Sounds ridiculous? Well, it's possible only if all the other countries are weak and nobody is strong enough to challenge the US.

This is why the US must not only crush Russia and China -- the two biggest geopolitical rivals -- but also weaken Europe, and establish the new global order to prolong the American Century.

Dollar Hegemony

America's extraordinary power comes from the power of US dollar, which is the preferred global currency for trade. This also means that countries around the world have to accumulate US dollars in their foreign exchange reserves. But the US has been abusing its power by weaponizing the dollar through sanctions and confiscations of hard-earned reserves.

No wonder that China, Russia and others are finding ways to circumvent the dollar in trade. The share of US dollar in global reserves is only 59% now. When that number falls below 50%, the tectonic shifts in global finance will become more apparent to Americans.

To fully grasp the nature of the current world order, let's see how the US established the dollar as the world currency, carried about the biggest gold heist in human history, then defaulted on its obligations, but revived the moribund dollar with a clever deal. That's the story of Bretton Woods I and II.

Bretton Woods I -- Gold-backed Dollar
-----------------------------

WW2 was a wonderful thing for the US. First, it took the US economy out of the Great Depression. The US played the role of arms supplier and gladly watched European empires destroy themselves. Even before the war was over, the US brought in all the allies to Bretton Woods, New Hampshire, and said, "When the war is over, you will all be weak and broke. I will be the new empire and my dollar will be the global currency. And it will be as good as gold -- a guaranteed rate of $35 per ounce of gold."

This meant that if you have $35, you can go to a bank and get an ounce of gold!

The world agreed. When the war was over, everyone bought US dollar with gold and used it for trade. Huge amounts of gold were also physically transferred from Japan, Germany and other parts of the world into the vaults of the Federal Reserve Bank in New York.

This system worked until 1971 when the US suddenly declared that, "Oops, the dollar is not backed by gold anymore. If you have US dollars, they are just pieces of paper now. You cannot get your gold back!" People called it the "Nixon Shock."

1970s - When Fiat Dollar almost died

This was also the biggest gold theft in human history. But what could the world do? America had nuclear weapons and the mightiest military.

Of course, the switch to a fiat currency caused havoc. The value of US dollar fell precipitously and inflation skyrocketed. The US economy was in deep trouble. That's when the US elites came up with a clever idea to rescue the dollar and restore its primacy.

Bretton Woods II -- The Birth of Petrodollar
------------------------------
How to make the dollar relevant? Hmm ... What if everyone needed US dollar to buy something essential?

Like ... OIL. Brilliant!

This was the birth of Petrodollar.

Basically, the U.S. used Saudi Arabia’s oil to save the dollar. That is, Saudi Arabia (and other smaller producers) would sell oil only for US dollars. And to make sure that the Saudis don't get too powerful, they will be forced to recycle most of their profits back into the US economy. It was also a protection racket, which meant the US military would occupy Saudi Arabia and protect it from enemies.

Saudi King Faisal with Kissinger. Birth of Petrodollar
But why would the Saudis agree to this? Because the U.S. make Saudi Arabia the new king of oil and the most influential Middle East power ... after crippling Iran.

Win-Win.

Thus, the U.S. armed and funded Saddam Hussein of Iraq to wage a decade-long war on Iran. US provided arms/intelligence. Germany and France provided deadly chemical/biological weapons to Iraq. Here’s Donald Rumsfeld with Saddam in 1983.

Of course, the same Rumsfeld would bomb Iraq and kill Saddam twenty years later.

Thus, the Petrodollar deal with Saudi Arabia could be called as Bretton Woods II. It extended the life of the American Empire by a few more decades.

Bretton Woods III
-------------------------
For the last four decades, countries around the world have been foolishly working hard for US dollars, buying US treasuries, and funding the American Empire. But within the next decade, those U.S. treasury bills and bonds might be worthless. Deja vu all over again.

The U.S. needs Bretton Woods, Version 3. Somehow, the world needs to write off all American debt and start new. But … with America still as #1 How the hell could this happen?? This is how:

If the world is full of weak countries, they will accept the new rules -- just like they did in 1944 and 1974. Imagine a world where Russia and Europe destroy one another. Imagine a world where Japan and India attack China … and they all get destroyed. A world on fire, destroyed by passion and bombs.

In that world, America will come in as the savior at the last moment, stop the war, and make everyone a happy vassal.

Great Reset. Bretton Woods III. New World Order. Call it what you will.

Conclusion

The wheels are in motion. After eight years of provocation, the US successfully forced Russia to invade Ukraine. And the US also brilliantly pulled Europe into the mess. Europe's economy is being crushed and de-industrialized.

As for China, the U.S. is trying its best to start a war using Taiwan as the pawn. Japan is being asked to re-militarize and procure 1000 long-range missiles. The US needs a few more years to manufacture this mother of all wars. A lot depends on India, since Japan wouldn't want to be the only Asian country to attack China.

Four years ago, I predicted all this in the article "The Most Dangerous Decade." However, much of the world is still happy to be mesmerized and led into the slaughterhouse.

Only Russia and China can change how this story evolves. If Putin can quickly and decisively win the Ukraine war, he can force a peace settlement with Europe.

And China needs to accelerate the internationalization of Yuan. There is no de-dollarization without a robust alternative financial system. China also needs to muster the greatest diplomatic efforts to make peace with Japan and India, the two most potent adversaries and puppets of the US.

In the most optimistic scenario, the Global South or the people of the developing nations can bring into fruition a new fair world without catastrophic wars or financial devastation. As Sun Tzu said, "The supreme art of war is to subdue the enemy without fighting."

 

[mudhatter]

Chris Kanthan Sep 16 2022


This was also the biggest gold theft in human history. But what could the world do? America had nuclear weapons and the mightiest military.

CECA ah CECA.

For a start, the world could start building, mass producing nukes.

1. Could the yank outproduce the world in producing nuclear weapons?

2. Could the yanks drop more nuclear bombs on the rest of the world than the world could do on yankee territory?

Answer is No for both Qs.

Simple fact is there was no "world" there to agree to. Most countries were backward, weak, tiny.

The developed, rich countries were all yankee vassals.

And the two biggest, strongest loyal pet dogs of the Yankees were and are

1. Russkies

2. Tiongs

If the Tiongs and Russkies were not loyal pet dogs of yankees, they would have dissolved the UN based in New York long long long ago. It is this UN which created Zionist Terroristy Entity.

It is this UN which gives Yankees immunity from globally approved military action.

It is this UN which gives Yankees, Poms and Frog eating french carte blanche to do as they want.

Dissolve the UN.

But noooooo...

Tiongs and Russkies won't do them.
Why?

Coz both Tiongs and Russkies are loyal pet dogs of yankeees, that's why.

Just throw a bone to each of these pet dogs, called UN Security Council permanent membership and problem was resolved.

These two loyal yankee pet dogs, the biggest pet dogs in the world, russkies and tiongs just toe yankee lines.


You can embargo, sanction, blockade them all you like, if you are independent and powerful.

Truth is tiongkok and russkies are loyal pet dogs of yankees who went "all in" with yanks on their anti Islamic crusade. Don't forget that for a moment, no Muslim worldwide should ever forget the kafir yankee devil initiated anti Islamic crusade worldwide against all Muslims, that was fully approved by Zionist recognizing terrorist countries like Tiongs and Russkies.

The solution for Muslims worldwide is to increase population, increase manufacturing of nuclear weapons not rubbish weak weapons, increase number of high quality scientists and engineers (this may appear difficult at first considering most Muslims hail from low IQ races, I don't know why this is since nothing in Islamic texts instruct Muslims to be low IQ but if Muslim population increases, due to sheer volume, due to sheer numbers, more and more talented genius Muslim scientists and engineers can be discovered), then withdraw from rubbish UN, ban ALL yankees (anything yankee whether brands citizens funds or infrastructure or media or dollars and seize all their assets, shoot down their airplanes and satellites, etc etc. you get the drift). create a wall through which nothing western can pass, problem resolved.

We also need to admit history is not same, history is not identical for everyone.

For peoples of loser Middle Eastern region, incl Anatolia, Persia and Balkans and so on all the way to Mongolia, they could never conquer Rome in 2000 years!!!!

This is objectively worse than 1000 years of Muslim rule over CECA virus, undoubtedly.

This points to genetic inferiority. The historical inferiority stems from genetic inferiority of those races.

Yet the Roman Empire looooooooooooong before industrial revolution could colonize all those territories incl all the way from London and Paris to anatolia and all the way down to yemen incl Egypt libya syria etc. Heck even greeks conquered persia, CONQUERED persia.

These rubbish persians and anatolians were easily vanquished by Mongol hordes, too. With ease. Yet in over 700 years they have not been able to do anything to the Mongols in their own home turf. That points to the Anatolian and Persian genetic inferiority.

Not everybody's history is the same, not everyone's ability or greatness or glory days are identical or the same.

E.g. Niggers or ASEAN never produced any civilization or intellectuals or intelligent people or anything worthy of note. Down to genes, race, IQ, inventiveness.

Likewise, CECA virus were ruled by their Muslim masters for 1000 years and then the poms ruled them for another 200 years, in the process gifting them an artificial country called "India", which had never existed in history prior to British concocting this fake term and fake country called "India".

Anyone pretending that such a British concocted identity is indigenous and organically developed is merely promoting British colonialism in new guise.

Every single reference to some pre-existing "India" that the poms colonized were all written, scripted after the arrival of the British East India company. As we have noted, this British east India company gave rise to the terribly ugly colonial edifice that the poms subsequently erected to perpetuate their colonial hold over large chunks of Asia in subsequent decades and centuries.

Without pommies, there would never have been any "India".

Muslims ruled over CECA virus for 1000 years, maybe it would have been extended for another 1000 years or 2000 years, who is to say it would not have happened?

Moreover, the Delhi Sultanate, the Bangla Sultanate always gave pledges of allegiance or Bayyah to Abbasi or Umayyah Caliphates or Khilafah, they were always part of a larger Islamic Caliphate or Islamic Ummah or Islamic Community.

Only with the Pommie created monstrosity, and colonial enterprise called "India" in the heart of Asia that was intended to further this pommie colonial agenda, did Muslims get splintered into teeny tiny joke sized countries that are all individually weak backward and powerless.

They were so pooooor at arithmetic, indicating low IQ, in some of those camel riding regions such as in Anatolia or Persia or Egypt, that they thought 80 million or 100 million people makes for a huuuuuuuge population

The wheels are in motion. After eight years of provocation, the US successfully forced Russia to invade Ukraine. And the US also brilliantly pulled Europe into the mess. Europe's economy is being crushed and de-industrialized.

Gayrope, japs, gooks stinkies aussies etc are yankee vassals. Let's not cook up conspiracy theories.

First and foremost, these vassals and puppet regimes should evict all - every single one, bar none - yankee military bases from their turf and pursue independent foreign policy on every issue incl Iran North Korea venezuela Afghan Taliban syria Yemeni Houthis Palestine Cuba not just on Russkies or Tiongs for 3 decades at a stretch. Then they can lay claim to being independent countries.

As of now, all those countries listed remain loyal vassal states.

Pretending otherwise is folly and runs counter to all observable facts and verifiable events.


If you want to be pedantic, then you might argue only stinkypura - not any other on that list - maintains military base on yankee soil. "For training purposes".


Not any other.

In reality, all of them incl stinkypura are vassals of yankees.

There is no such thing as yankees "brilliantly" pushed EU to deindustrialize.

EU are vassals of yanks, that's why they follow yankee orders.

If EU were independent, they could reverse course at anytime, of their choice.

That choice is not there simply coz they are vassals.

Ordering your vassals to do your bidding is nothing brilliant.

you might argue, at best, that making vassals out of so many countries is something brilliant, which can be debated.

As for China, the U.S. is trying its best to start a war using Taiwan as the pawn. Japan is being asked to re-militarize and procure 1000 long-range missiles. The US needs a few more years to manufacture this mother of all wars. A lot depends on India, since Japan wouldn't want to be the only Asian country to attack China.

Four years ago, I predicted all this in the article "The Most Dangerous Decade." However, much of the world is still happy to be mesmerized and led into the slaughterhouse.

Only Russia and China can change how this story evolves. If Putin can quickly and decisively win the Ukraine war, he can force a peace settlement with Europe.

Why does putler need peace settlement with europe?

After europe imposed sanctions and looted russkie money, why should russkies forget gayropa or yankees?

russkies should ensure gayrope freezes in winter and make them bleed the most.

And China needs to accelerate the internationalization of Yuan. There is no de-dollarization without a robust alternative financial system. China also needs to muster the greatest diplomatic efforts to make peace with Japan and India, the two most potent adversaries and puppets of the US.

Wishful thinking from CECA virus. Japs are an occupied country and will do yankee bidding. Japs went from yankee enemies in WWII to being loyal vassals after they were nuked twice. Many tiong radicals argue they need to receive similar treatment from Tiongs to display similar amount of loyalty and devotion to Tiongs' "mandate from heaven" (or some other confucian bollocks).


As for CECA, tiong saying goes there cant' be two tigers in same mountain.

As I have argued before, tiongs may say otherwise, but tiongs intend to replace yankees as sole superpower in world. not to replace it with multipolarity or other BS. that's all their action points towards.

russkies dun trust tiongs, so they drag along CECA everywhere in SCO or any other meet. the presence of CECA already acts as a spoiler to any concerted effort to counter yankees since ceca are members of quad and what not.

so as I have said, tiong agenda is to work with yankees to replace yankees and weaken all other next tier powers like gayropean union, russkies, ceca virus, japs etc so that only yankees and tiongs remain in the ring.

it's tiongs who are working in concert with yankees.

In the most optimistic scenario, the Global South or the people of the developing nations can bring into fruition a new fair world without catastrophic wars or financial devastation. As Sun Tzu said, "The supreme art of war is to subdue the enemy without fighting."

There is no Global South. WTF! Who came up with such nonsensical nomenclature?

There is absolutely no one size fits all solution. You need to customize the solution for each region, for each civilization, for Muslims you need one solution, for slanty copycat chopsticks you need one solution, for latinos you need one solution, for gayrope you need one solution, for slavic eastern europa you need one solution, etc etc.

there is absolutely no one size fits all solution for all countries that will work. if you can't customize your solutions to local needs, then your opponent who can do so will win.