Wednesday, March 30, 2022

Two Important Points: Russia No Longer Needs US and European Banks and Russia and China Are No Longer Using the US Dollar

Editor's note: We posted some material on a new international currency being developed between Russia and China being structured by Sergey Glazyev. Sergey Glazyev has stated Russia no longer needs American (the Empire of Lies) and European banks, and furthermore, Russia has stopped using the US dollar then has pegged the ruble to gold. Get your personal house in order, start networking with like minded people, secure your assets and buy basic necessities. Read what Sergey Glazyev is talking about. He is telling Americans what is coming and that is a whole lot more than the gangsters and thieves spawned out of western central banks with their "fairy dust" magic money are telling their respective populations. 

Source: The Saker

"Events like this happen once a century": Sergey Glazyev on the breakdown of epochs and changing ways of life

Original Link: https://www.business-gazeta.ru/article/544773

Translated via Yandex

–  Is it possible to stabilize the ruble in three days and why don't the Ukrainian "zombies" give up?

"After failing to weaken China head-on through a trade war, the Americans shifted the main blow to Russia, which they see as a weak link in the global geopolitics and economy. The Anglo-Saxons are trying to implement their eternal Russophobic ideas to destroy our country, and at the same time to weaken China, because the strategic alliance of the Russian Federation and the PRC is too tough for the United States. They don't have the economic or military power to destroy us together, not separately," says Sergey Glazyev, an academician of the Russian Academy of Sciences and former adviser to the Russian President. Glazyev spoke in an interview with BUSINESS Online about what opportunities are now opening up for the Russian economy, whether the Central Bank is pandering to the enemy and whether a new world currency will replace the dollar.

"The new world economic order is ideologically socialist"

Sergey Yuryevich, commenting on today's tragic events, you wrote in your telegram channel that it was necessary to read your book about the" last world war", written about 6 years ago. How did you manage to predict everything so accurately?

— The fact is that there are long-term patterns of economic development, the analysis and understanding of which allows us to predict events that are currently taking place. We are now experiencing a simultaneous change in technological and world economic structures, while the technological basis of the economy is changing, the transition to fundamentally new technologies is taking place, and the management system is also being transformed. This kind of event occurs about once a century. However, technological patterns change about once every 50 years, and their change is usually accompanied by a technological revolution, depression, and an arms race. And world economic patterns change once every 100 years, and their change is accompanied by world wars and social revolutions. This is due to the fact that the ruling elite of the core countries of the old world economic structure prevents changes, does not take into account the emergence of more effective management systems, tries to block the development of new world leaders using them, and tries to maintain its hegemony and monopoly position by any means, including military and revolutionary ones.

Say, 100 years ago, the British Empire was trying to maintain its hegemony in the world. When it was already losing economically to the combined resources of the Russian Empire and Germany, the First World War provoked by British intelligence was unleashed, during which all three European empires self-destructed. I am talking about the collapse of Tsarist Russia, the German and Austro-Hungarian empires, but this also includes the fourth-Ottoman Porto. As for Britain, it held global dominance for a while and even became the largest empire on the planet. But due to the inexorable laws of socio-economic development, the colonial world economic system, based in fact on slave labor, could no longer provide economic growth. Introduced two completely new political models of Soviet and American — has demonstrated a much greater production efficiency, because they were organized on different principles: not for private family capitalism, and the power of large transnational corporations with centralized structures of economic regulation and limitless monetary emission using Fiat currency (paper or electronic meansapprox. ed.). They enabled mass production of products much more efficiently than the control systems of the colonial empires of the nineteenth century.

The emergence of social states in the USSR and the United States with centralized management systems made it possible to make a sharp leap in their economic development; In Europe, the corporate governance system was formed, unfortunately, according to the Nazi model in Germany, and also not without the help of British intelligence. Hitler, backed by British intelligence agencies and American capital, quickly deployed a centralized corporate governance system in Germany, which allowed the Third Reich to quickly take over all of Europe. With God's help, we defeated this German (or rather, European — taking into account today's realities) fascism. After that, two models remained in the world, which I refer to as the imperial world economic order: the Soviet and the Western (with the center in the United States). After the collapse of the Soviet Union, which failed to withstand global competition due to the fact that the directive management system was not flexible enough to meet the needs of technological progress, the United States for a while seized global dominance.

But now this period of "American unipolar loneliness" is already passing, and probably not only thanks to Russia, but first of all to China and the Asian regions as such. Isn't that right?

— Indeed, the hierarchical vertical structures characteristic of the imperial world economic system turned out to be too rigid to ensure continuous innovation processes and lost their comparative effectiveness in ensuring the growth of the world economy. On its periphery, a new world economic order has been formed, based on flexible management models, a network organization of production, where the state works as an integrator, combining the interests of various social groups around achieving one goal — raising public welfare. The most impressive example of such an integrated world economy today is China, which has been three times faster than the growth rate of the American economy for more than 30 years. At the moment, China already surpasses the United States in terms of output, exports of high-tech goods, and growth rates.

Another example of the model of the new world economic order, which we called integral (due to the fact that the state in it unites all social groups that differ in their interests), is India. It has a different political system, but it also has the primacy of public interests over private interests, and the State seeks to maximize growth rates in order to combat poverty. In this sense, the new world economic order is ideologically socialist. At the same time, it uses market mechanisms of competition, which makes it possible to ensure the highest concentration of resources for the technological revolution in order to ensure economic leaps based on a new advanced technological order. If we look at the growth rate since 1995, the Chinese economy has grown 10-fold, while the American economy has grown only 15 percent. Thus, it is already obvious to everyone that the pace of global economic development is currently shifting to Asia: China, India and Indochina countries already produce more products than the United States and the European Union. If we add Japan or Korea, where the management system is similar in its principles of integrating society around the goal of improving public welfare, we can say that today this new world economic order already dominates the world, and the center of reproduction of the world economy has moved to Southeast Asia. Of course, the American ruling elite cannot agree with this.

"Put up with it, I'd say…

– yes. They, like the British Empire once did, seek to maintain their hegemony in the world. The events taking place today are a manifestation of how the financial and power oligarchic elite of the United States is trying to maintain world domination. It can be said that for the past 15 years, it has been waging a global hybrid war, seeking to chaotize countries beyond its control and restrain the development of the PRC. But due to the already archaic management system, they cannot do this. The financial crisis of 2008 was such a transitional moment when the life cycle of the outgoing technological order actually ended and the process of mass redistribution of capital to a new technological order began, the core of which is a complex of nanobioengineering and information communication technologies. All countries started pumping money into their economies. The simplest thing a modern state can do is to give all businesses access to cheap long-term money so that they can adopt new technologies. But if in America and Europe such funds were spent mainly in financial bubbles and provided budget deficits, then in China this huge monetary issue was completely directed to the growth of production and the development of new technologies. There were no financial bubbles, while the ultra-high monetization of the Chinese economy did not lead to inflation, the growth of the money supply was accompanied by an increase in the output of goods, the introduction of new advanced technologies and an increase in public welfare.

Today, economic competition has already led to the fact that the United States has lost its leadership. If you remember, Donald Trump tried to contain China's development through a trade war, but nothing came of it.

"The Americans opened a biological war front by launching the coronavirus in China"

Why not? Did Trump, who is used to taking risks and going all-in, not have enough determination?


— And even Trump couldn't do it, because China has a more efficient management system, which allows us to concentrate the available production resources as fully as possible. At the same time, effective money management keeps the money issue in the contour of expanded reproduction of the real sector of the economy, focusing on financing development investments. China has reached the highest savings rate of any country: about 45 percent of GDP is invested, compared to 20 percent in the United States or Russia. This, in fact, ensures the ultra-high growth rate of the Chinese economy.

In general, the United States was doomed to defeat in this trade war, because the Middle Kingdom can produce products more efficiently and finance development cheaper. The entire banking system in China is state — owned, it operates as a single development institution, directing cash flows to expand output and develop new technologies. In the United States, the money supply is used to finance the budget deficit and is reallocated to financial bubbles. As a result, the efficiency of the US financial and economic system is 20 percent-there only one in five dollars reaches the real sector, and in China almost 90 percent (that is, almost all the yuan created by the Central Bank of the PRC) feed the contours of expanding production and ensure ultra — high economic growth.

Trump's attempts to limit China's development through trade war methods have failed. At the same time, they boomeranged on the United States itself. Then the Americans opened a biological war front, launching the coronavirus into China, hoping that the Chinese leadership would not cope with this epidemic and chaos would arise in China. However, the epidemic has shown poor health care effectiveness and has created chaos in the United States itself. The Chinese management system has also shown much greater efficiency here. In China, the death rate is significantly lower, and they coped with the pandemic much faster. Already in 2020, they even reached economic growth of 2 percent, while in the United States there was a decline of 10 percent of GDP (analysts noted the largest drop since World War IIed. ). Now the Chinese have regained growth rates of about 7 percent per year, and there is no doubt that China will continue to develop confidently, expanding the production of a new technological mode.

In parallel with the trade war against China, the US special services were preparing a war against Russia, since the Anglo-Saxon geopolitical tradition considers our country to be the main obstacle to the establishment of world domination by the power and financial elite of the United States and Great Britain. I must say that the war against the Russian Federation unfolded immediately after the annexation of Crimea and after the American special services organized a coup in Ukraine. They can be said to have tricked Russia into agreeing to the American occupation of Ukraine, considering it as a temporary phenomenon. However, the Americans took root in the Square, created not only strong points, raising Nazis under their wing, but also trained the Nazi armed forces, gave the Nazis the opportunity to get a military education, trained them in their academies, and “flashed” all the Armed Forces of Ukraine with them. And for 8 years, they prepared the Armed Forces of Ukraine to fight the only enemy-Russia. While the mass media, which is also completely controlled by the Americans in Ukraine, formed an image of the enemy in the public consciousness.

In addition, the United States used the currency and financial front of a hybrid war against the Russian Federation. Already in 2014, they imposed the first financial sanctions and knocked out a significant part of Western loans from the Russian economy. Now we are seeing the next phase, when they have effectively disconnected Russia from the global monetary and financial system, where they dominate. However, all this was predicted by me 10 years ago, based on the theory of changing world economic patterns and the specific logic of the US ruling elite, focused on world domination. Anglo-Saxon geopolitics is traditionally oriented against the Russian Empire and its successors, the USSR and the Russian Federation, because, since the time of the British Empire, Russia has been seen as the main opponent of the Anlo-Saxons. All the so-called geopolitical science that was written in London was reduced, in fact, to a set of recommendations on how to destroy Russia as the dominant force in Eurasia. I mean all sorts of speculative constructions like "countries of the sea against countries of the land" and so on.

Why did Russia interfere with the "countries of the sea" so much? After all, geographically we have never bordered on the UK.

— In this regard, a formula was invented: whoever controls Eurasia controls the whole world. Actually, applied development has already gone further. Zbigniew Brzezinski’s famous theorem says that in order to defeat Russia as a superpower, you need to tear Ukraine away from it. All this political dogma, which, it would seem, has long gone down in history, is nevertheless reproduced today in the thinking of the American political elite. I must say that there are still courses in 19th-century geopolitics at Harvard and Yale University, sharpening the brains of future American politicians against Russia. So they, in fact, jumped on this old and time-tested Russophobic stream, which has always been characteristic of Anglo-Saxon geopolitics. And, considering Russia as the main opponent of its domination in the world, they used Ukraine as an outpost, or rather, as a tool for undermining Russia, weakening it, and in the future for destroying it as a sovereign state, in accordance with Brzezinski's proposal.

So, what is happening today was easily predicted, based on a combination of long-term patterns of economic development, which actually condemned the world to a hybrid war, and the traditional Russophobia of the Anglo-Saxon political elite. After the weakening of the PRC did not turn out head-on through a trade war, the Americans transferred the main blow of their military and political power to Russia, which they see as a weak link in the global geopolitics and economy. In addition, the Anglo-Saxons seek to establish dominance over Russia in order to implement their eternal Russophobic ideas to destroy our country, and at the same time to weaken China, because the strategic alliance of the Russian Federation and the PRC is too tough for the United States. They have neither the economic nor military power to destroy us together, not separately, so the US initially sought to put us at odds with China. They didn’t succeed. But they, taking advantage of our, I would say, complacency, seized control of Ukraine, and today they are using our fraternal republic as a weapon of war to destroy Russia, and then-to seize control of our resources in order, I repeat, to strengthen their position and weaken the position of China. In general, all this is obvious, as twice two makes four.

"The Americans will not be able to win, just as the British did not succeed in their time"

It's probably obvious, but not for everyone. There are many opponents of an alliance with China among the Russian elite. At least before the special operation in Ukraine, it seemed to these people that American and Western culture were clearer and closer to us than Chinese hieroglyphic wisdom, and that we would always find a common language with our "Western partners".


— You know, back in 2015 I wrote the book "The Last World War." The United States starts and loses, which you mentioned at the beginning of the conversation — everything was thought out and justified there. The United States launched a global hybrid war-starting with the Orange revolutions – to disrupt those regions of the world that it did not control — in order to strengthen its position and weaken the position of its geopolitical competitors. After the famous Munich speech of President Putin (February 2007ed.) they realized that they had lost control of Yeltsin's Russia, and they were seriously concerned. In 2008, the financial crisis broke out and it became clear that the transition to a new technological order was beginning, and the old world economic order and the old management system no longer provide for progressive economic development. China takes the lead. Well, then the logic of the world war unfolds, only not in the forms that existed 100 years ago, but on three conditional fronts — monetary and financial (where the United States still dominates the world), trade and economic (where they have already lost the primacy to China) and information and cognitive (where the Americans also have superior technologies). They are using all three fronts to try to hold the initiative and maintain the hegemony of their corporations.

And finally, the fourth front — the biological one, which opened with the appearance of the coronavirus from the US-China laboratory in Wuhan. Today we see that a whole network of biological laboratories existed in Ukraine. So the United States has long been preparing to open a biological front for world War II.

The fifth, and most obvious, front is, in fact, the front of military operations-as the last tool for forcing the states they control to obey them implicitly. Today, the situation on this front is also getting worse. In other words, active operations are underway on all five fronts of the global hybrid war and it is possible to predict the result. The Americans will not be able to win, just as the British did not succeed in their time. Although Britain formally won the Second World War, they lost politically and economically. The British lost their entire empire, more than 90 percent of their territory, and 95 percent of their population. Two years after the Second World War, where they were the victors, their empire collapsed like a house of cards, because the other two winners — the USSR and the United States — did not need this empire and considered it an anachronism. Similarly, the world will not need American multinational corporations, the US dollar, US currency and financial technologies and financial pyramids. All this will soon be a thing of the past. Southeast Asia will become an obvious leader in global economic development, and a new world economic order will be formed before our eyes.

To paraphrase Remarque, we can say that changes have finally come to the western front. But what signs do you see of this powerful global system's imminent demise?

— After the Americans first seized the Venezuelan foreign exchange reserves and handed them over to the opposition, then-the Afghan foreign exchange reserves, before that — the Iranian ones, and now — the Russian ones, it became absolutely clear that the dollar ceased to be the world currency. Following the Americans, this stupidity was also committed by Europeans — the euro and the pound ceased to be world currencies. Therefore, the old monetary and financial system is living out its last days. After the US dollars that no one needs are sent back to America from Asian countries, the collapse of the global monetary and financial system based on dollars and euros is inevitable. Leading countries are switching to national currencies, and the euro and dollar are no longer foreign exchange reserves.

How do you see the world after the disappearance of the dollar monopoly?

— We are currently working on a draft international agreement on the introduction of a new world settlement currency, pegged to the national currencies of the participating countries and to exchange-traded goods that determine real values. We won't need American and European banks. A new payment system based on modern digital technologies with a blockchain is developing in the world, where banks are losing their importance. Classical capitalism based on private banks is a thing of the past. International law is being restored. All key international relations, including the issue of world currency circulation, are beginning to be formed on the basis of contracts. At the same time, the importance of national sovereignty is being restored, because sovereign countries are coming to an agreement. Global economic cooperation is based on joint investments aimed at improving the well-being of peoples. Trade liberalization ceases to be a priority, national priorities are respected, and each state builds a system for protecting the internal market and its economic space that it considers necessary. In other words, the era of liberal globalization is over. Before our eyes, a new world economic order is being formed — an integral one, in which some states and private banks lose their private monopoly on the issue of money, on the use of military force, and so on.

"The third scenario is catastrophic. Destruction of humanity"

And why did you name your book "The Last World War?" What makes you hope that this global war is really the last?


— I called this world war the last, because we see that there are several scenarios of movement out of today's crisis. The first scenario, which I have already described, is a calm and prosperous one. It consists in overcoming the US monopoly. In order to do this in the financial sector, you need to abandon the dollar. In order to overcome the monopoly in the information and cognitive sphere, we need to isolate our information space from the American one and switch to our own information technologies. Creating their own contours of economic reproduction, but without the US dollar and euro, and relying on their information technologies for managing money, the countries of the new world economic order ensure high rates of economic development, while the Western world collapses. There is a situation of collapsing financial pyramids, disorganization and a growing economic crisis, aggravated by rising inflation due to uncontrolled money issuance over the past 12 years.

The second scenario of possible development of events is similar to the one that Hitler wanted to implement during the change of previous world economic structures. This is an attempt to create a world government with a superhuman ideology. If Hitler thought of the German nation as superhumans, then the current ideologists of world domination impose a transition to a post-humanoid state on humanity. In contrast to the posthumanism of the West, the core countries of the new world economic order are characterized by a socialist ideology, albeit with respect for private interests, protection of private property and the use of market mechanisms. In China, India, Japan, and Korea, socialist ideology — or rather, a mixture of socialist ideology, national interests, and market competition-dominates. It is this mixture that forms a fundamentally new power and political elite, focused on economic development and the growth of the welfare of nations.

Western politicians, intellectuals, and businessmen have a different approach. What we are seeing today is an attempt to create a certain image of a new world order with a world government at the head, where people are driven into an electronic concentration camp. You can see from the example of restrictions during the pandemic, how it happened: all people are given tags, access to public goods is regulated by QR codes, and everyone is forced to walk in formation. By the way, in the Rockefeller Foundation scenario back in 2009, the pandemic and, in fact, everything that happened in connection with it was laid out in a stunning way — they actually predicted the future. This scenario was called Lock Step, that is, "Walk in formation", and the Western world followed it. By sacrificing their own democratic values, people are being forced to obey commands. International organizations, including the World Health Organization, are used as a kind of base for assembling a world government that would be subordinate to private capital.

But, I must say, Donald Trump strongly hindered these plans, because he stopped the signing of the transatlantic and trans-Pacific partnership agreements, where all countries participating in the treaties sacrificed national sovereignty in all disputes with big business. And you need to understand that today any multinational corporation can act as a foreign investor, including in the United States. According to these agreements, if foreign capital is present in a business, then in a dispute with the national government, an international arbitration court is formed, it is not clear how and by whom it was drawn up. And these unelected judges, appointed, in fact, by large international businesses, resolve these disputes. In fact, the point was that the state was losing all sovereignty in regulating relations with big business. However, Trump stopped the agreement — the United States did not sign it. Thus, the process of forming a world government was stopped. This is the second alternative, and it is currently experiencing a crisis due to the collapse of the idea of globalization and the gradual abandonment of "pandemic" restrictions.

Please go to The Saker to read more.
________


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