January 23, 2013
According to Iranian officials, the US government is engaged in a currency war with the purpose of destroying and destabilizing the nation economically. The Ri’al, Iran’s fiat currency, has lost 40% of its worth since sanctions were placed against the country in 2012.
In October of last year the manufactured Arab Spring protests made its way to Iran with riots in the streets over Iranian currency declining. Trading houses reported that global market trading had halted completely.
Thanks to the International Republican Institute (IRI), the use of synthetic nonviolent resistance movements has been successful at bringing down governments in the Middle East that suit the agendas of US and Israeli agendas.
Ahmadinejad maintains that there is a psychological war being played in Iran by the US and Zionist-controlled Israel. He said “sanctions hurt the people, not the government.” There is a clear and present danger for the people of Iran to be forced into revolt because of the pressure these sanctions causes. Lack of access to basic necessities can cause an uprising.
Concerning Iran, AIPAC coerced the US Congress to impose stricter sanctions on Iran with HR 1905 and the desire to inspire the revolution of Iranian citizens against their government.
Rumors of Iranian President Mahmoud Ahmadinejad being unfit to guide the Islamic nation are beginning to circulate. Meanwhile protesters are beginning to surface in a curious way – nearly just as the US-sponsored Free Syrian Army (FSA) suddenly developed.
Kaushik Basu, economist for the World Bank (WB), predicts that that there is a global currency war brewing that cannot be prevented. Because nations are inter-connected by currency, taking advantage through trade can devastate a nation.
Adam Posen, president of the Peterson Institute for International Economics, maintains that organizations such as the BRICs nations, who intervene with regard to currency, are tipping the value of currency itself.
The International Monetary Fund is bailing out every country experiencing a fiat devaluation, causing a politicization of currency.
Jack Lew, newly appointed Secretary of the US Treasury, will lie about the strength of the US dollar to assure global markets when he takes hold of his position in an attempt to use chicanery to convince other world leaders that Asian fiat is not disrupting the US dollar.
Alexei Ulyukayev, deputy chairman of the Russian Central Bank, explains: “Japan is weakening the yen and other countries may follow.”
With the Euro failing and scandals purveying the global interest rate with cuts coming out of these bankster debacles, governments are coming under economic attack by central banks with regard to financial stability.
Central banks everywhere are quickly working toward devaluing their currency. The Bank of International Settlements (IBS) has ordered all central banks to liquidate their fiat by 2019.
Consequences of the liquidation have been evidenced in governmental austerity and movement toward sovereign debt by the technocrats. Any asset assessed by BIS can and is being used as collateral of the banksters in an anything goes temperament while the squandering of wealth continues.
Michel Barnier, commissioner of BIS, stated that the Basel Committee has “revised liquidity coverage ratio and the gradual approach for its phasing-in by clearly defined dates. This is significant progress which addresses issues already raised by the European Commission. We now need to make full use of the observation period, and learn from the reports that the European Banking Authority will prepare on the results of the observation period, before formally implementing in 2015 the liquidity coverage ratio under EU law in line with the Basel standards.”
Under the guise of preventing a system failure during the global financial crisis, there will be “an extension of the existing temporary US dollar liquidity swap arrangements until February, 1 2014.” This action allows the central bankers to liquidate currencies under their jurisdiction “should market conditions so warrant.” Under this plan, euros backed by nothing can continue to pour into the system throughout the Eurozone “in addition to the existing liquidity-providing operations” in the US. This liquidation will take place “until further notice.”
The UN has proposed a complete overhaul in the report entitled, “Adapting the International Monetary System to Face 21st Century Challenges”.
They call for a “more intense debate on and reforms to the international monetary system imply that the current system is unable to respond appropriately and adequately to challenges that have appeared, or become more acute, in recent years. This paper focuses on four such challenges: ensuring an orderly exit from global imbalances, facilitating more complementary adjustments between surplus and deficit countries without recessionary impacts, better supporting international trade by reducing currency volatility and better providing development and climate finance. After describing them, it proposes reforms to enable the international monetary system to better respond to these challenges.”
As the value of the US dollar drops consistently, BRICs nations have begun backing their fiat with precious metals like gold. When China trades with Iran from oil with gold, Organization of the Petroleum Exporting Countries (OPEC) cannot manipulate the system which they have done for decades wherein they took excess US dollars acquired and purchased US Treasury bonds to prop-up the US financial system.
The result of the actions of BRICs nations is the systematic death of the petrol dollar, and the US dollar as the global reserve currency. Without money laundered from OPEC to the US Treasury, there is less financial backing for the Zionist funding for war in the Middle East.
To further punish BRICs nations for circumventing the technocrats, the New York Department of Financial Services announced that the Standard Chartered Bank, housed in the UK, would have their operations suspended because of $250 billion that were transacted to Iran as US regulators use financial terrorism against this Middle Eastern nation.Add This to Technorati Faves