US Blocking Chinese Banks From Using Dollar! - Only The BEGINNING!
In this video, I talk with author and economic analyst John Sneisen about the vindication we at WAM have received as the US treasury cuts the Bank of Dandong from using the US dollar and it's only the beginning!
As the Wall Street Journal reports, the Bank of Dandong was cut off from using the US dollar by the US Treasury following them being accused of handling millions of dollars worth of transactions for sanctioned North Korea.
As we reported a few months ago, Mnuchin threatened to cut China from the US dollar but after all, this is the perfect storm.
China is happy to be cut off the USD as countless countries swap out of the world reserve currency.
This is all part of the power shift towards a cashless society which is clear and present. China is leading that shift alongside India. The IMF has been talking about moving their headquarters to China.
As the economy crumbles at the foundation, the Federal Reserve cannot raise interest rates enough to drop them out in the next crash. They will go negative so they are desperately trying to move towards the IMF's Special Drawing Rights (SDR) world currency which will be cashless.
So if your money's in the bank, it's not yours, it's the bank's. If your money's always going through the bank via legal tender laws and centrally planned digital transactions, it's never yours, it's always the bank's and you are essentially in total servitude to the government and banking system. Just where they want you.
These North Korea sanctions are just an excuse to make this massive shift.
Well, we can't say we didn't tell you so...
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This will just push the Chinese towards establishing stronger ties with Russia and Iran. The USD may have been the only game in town over the past 30 years, but that is no longer the case.
Agreed! The coalition is forming!
WOW!! Great post, I am glad I found your profile. I actually found you on Youtube and watched this video three times, then went to add you on Steemit, but I guess I was already following you.
haha nice! Thanks! :)
Hey ,
Very interesting read, Thanks you for sharing it!
Quick question. Why does the monetary system want a global war?
Because it needs a hard reset. War is a smokescreen that allows you to introduce new order and distribution. At least thats what I would guess they mean.
Because behind every war, there is a bank ready to lend money to the US. government. Once the lending is done, every US. Citizen will have to repay the lending amount plus interest on the loan. Banks make TRILLIONS from government lending. Go on YouTube and watch The Creature From Jekyll Island by G. Edward Griffin. This is a long but a very RELEVANT video to today's economy because it will show you how the money supply works.
I've already watched Mike Maloney's take on the money supply. So from what I understand, the war would cause central banks to print more currency which would eventually lead to the collapse of that currency which in turn would allow the SDR to sneak in as a replacement to be used as a global currency?
ghoits, this is a short read:
BANKERS MANIFESTO OF 1892
"We (the bankers) must proceed with caution and guard every move made, for the lower order of peopleare already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.
The Farmers Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.
When through the process of the law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders.
The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.
By thus dividing voters, we can get them to expand their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete action, we can secure all that has been so generously planned and successfully accomplished.”
Source: http://www.ronpaulforums.com/showthread.php?252085-The-Bankers-Manifesto-of-1892-A-must-read
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Very interesting reading you have my vote Thank you for sharing it appreciate.
The more the USA stops china from using its currency, the more china will convert oil for gold for yuan thus making the US dollar worth less. This means that the dollar will not become the worlds reserve currency anymore. The US is finished economicaly that is why the IMF is moving to china.
Great post!