Legal Reality Newsletter 25 January A. D. 2012Posted: January 25, 2012 | |
25 January A.D. 2012
One of the stabilizing influences for the “dollar” has been its use/position as the “world’s currency.” That is no longer the case.
The nations listed below in this effort to move away from the “dollar” are also chief among the ones who have mounted the greatest political opposition to the “international banking cartel” based in Western Europe. As more and more nations around the world come to realize the stranglehold intended by the “international banking cartel,” they, too, will move away from the diseased life-blood of that regime, namely the “dollar.”
They will have, ultimately, the exact same fate happen to them as is happening here in “church of United States,” in the event they, too, stay with any “funny money” system. Should they opt away from the debt-based “currency” concept and back toward the asset-based Currency concept, they’ll avoid what’s about to happen “here,” and they’ll present the greatest, and actually the only, “defense” that exists against the attacks by the “funny money” promoters.
That’s going to take a while.
In the meanwhile, we’ll just see which marketplace activates that “defense” first. We’ll have one more confirmation of Judgment if the Asian markets move to a Scriptural Money system before we do. If we’re so blinded that we can’t apply God’s word until we see the other nations doing so, then we’re all the more severely under His Judgment.
Harmon L. Taylor
Subscribe / unsubscribe : email@example.com
——– Original Message ——–
|Date:||Sun, 22 Jan 2012 02:47:26 -0500|
India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees
Two weeks ago we wrote a post that should have made it all too clear that while the US and Europe continue to pretend that all is well, and they are, somehow, solvent, Asia has been smelling the coffee. To wit: “For anyone wondering how the abandonment of the dollar reserve status would look like we have a Hollow Men reference: not with a bang, but a whimper… Or in this case a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate. Such as these: “World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter System“, “India and Japan sign new $15bn currency swap agreement“, and now this: “Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says.”“ Today we add the latest country to join the Asian dollar exclusion zone: “India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher U.S. sanctions.” To summarize: Japan, China, Russia, India and Iran: the countries which together account for the bulk of the world’s productivity and combined are among the biggest explorers and producers of energy. And now they all have partial bilateral arrangements, and all of which will very likely expand their bilateral arrangements to multilateral, courtesy of Obama’s foreign relations stance which by pushing the countries into a corner has forced them to find alternative, USD-exclusive, arrangements. But yes, aside from all of the above, the dollar still is the reserve currency… if only in which to make calculations of how many imaginary money one pays in exchange for imaginary ‘developed world’ collateral.
On India’s induction into… www.Zerohedge.com