From the horse's mouth: U.S. Dollar Strategic Backfire On U.S. Government Policy

4 March 2015 — The Market Oracle

By: Jim_Willie_CB

It is very difficult to find a foreign policy deployed by the United States Govt that has been successful in recent years. In fact, almost all aggressive foreign policy initiatives have resulted in profound losses either in financial strategic position or in alliances with previous staid allied nations. They have almost uniformly backfired, while bravado has mixed with stupidity, while arrogance has blended with futility.

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Dollar Imperialism, 2015 Edition By MICHÈLE BRAND and RÉMY HERRERA

5 March 2015 — Counterpunch

Our Currency, Your Problem

“The dollar is our currency, but it’s your problem.” This is what US Treasury Secretary John Connally said to his counterparts in the Rome G-10 meeting in November, 1971, shortly after the Nixon administration ended the dollar’s convertibility into gold and shifted the international monetary system into a global floating exchange rate regime. The world has been suffering from this “problem” ever since the US obtained the “exorbitant privilege” of issuing the world’s reserve and trade currency under the Bretton Woods system after WWII.

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Grand Geopolitical Project: Russia’s Gazprom signs Agreement to Abandon the Dollar By Umberto Pascali

7 June 2014 — Global Research

It’s only the tip of the iceberg. A grand geopolitical project is beginning to materialize…”

 On June 6 2014, the official Russian news agency Itar Tass announced what many were expecting since at least the beginning of the Ukrainian crisis: Russian main energy company, Gazprom Neft has finally “signed agreements with its consumers” to switch from Dollars to Euros (as transition to the ruble) “for payments under contracts”.

The announcement that the agreement has been actually signed and not just discussed was made by Gazprom’s Chief Executive Officer, Alexander Dyukov. Continue reading

Grand Geopolitical Project: Russia’s Gazprom signs Agreement to Abandon the Dollar By Umberto Pascali

7 June 2014 — Global Research

It’s only the tip of the iceberg. A grand geopolitical project is beginning to materialize…”

 On June 6 2014, the official Russian news agency Itar Tass announced what many were expecting since at least the beginning of the Ukrainian crisis: Russian main energy company, Gazprom Neft has finally “signed agreements with its consumers” to switch from Dollars to Euros (as transition to the ruble) “for payments under contracts”.

The announcement that the agreement has been actually signed and not just discussed was made by Gazprom’s Chief Executive Officer, Alexander Dyukov. Continue reading