BATTLEFORWORLD – September 12, 2017: The China feud has began, with the United States threatening to cut off China from the US Dollar if it does not implement the new sanctions against North Korea, the US Treasury Secretary Steven Mnuchin has warned.
The End Of The Petrodollar
BATTLEFORWORLD – September 12, 2017: Financial hurricanes are everywhere and there’s no storm bigger than a category seven hitting the U.S. Dollar. Rest in peace Petrodollar. Russia will sell oil for Yuan, and also swap Yuan for gold. Where’s the U.S. Dollar is all of this. Nowhere. And China is launching a Yuan-based priced crude oil contract. Which you can buy in Yuan and convert immediately to gold. A few countries have tried this before: Remember Saddam Hussein had tried trading oil in Euros and he was assassinated, and Muammar Gaddafi tried to trade oil in Euros and he was assassinated, etc. And so countries have been trying to get out of the U.S. Dollar for quite sometime. The dollar world reserve currency was crafted so that when you buy oil, you have to buy dollars first, and that is what keeps the dollar up. But now China has taken a bold step in the 21st Century to replace the U.S. Dollar. (BATTLEFORWORLD: And the U.S. is going to launch all sorts of overt and covert attacks against China to try and upset China’s Yuan emergence.) And we are going to have another recession in the United States and it’s going to happen soon. Link: Reference
The Reason Behind The United States Mischief With North Korea – America-China Financial Wars
BATTLEFORWORLD – April 29, 2017 (updated August 13, 2017): Why is the United States being mischievous in South East Asia? Well, the truth is that Donald Trump during his US presidential campaign was very vocal leading up to the election, saying that it was always about China, China, China, but after the election he realized that China did not swallow the bait in the way that he had anticipated. And so Trump has decided (or rather the Ruling Elites have decided for him in foreign policy) to move onto North Korea, Iran and Syria, starting war conflicts and bellicose fearmongering, to panic the holders of US Dollars back into the United States Treasury Bond Market, to keep the interest rate low, so that the financial Ruling Elites can continue their Ponzi scheme (Wall Street speculative bubble markets, etc.). This is the United States cleaver way of earning ghost money…into the treasury to continue with business as usual.
China and Russia are well aware of what is going on, and that the United States is a big paper tiger. And so China and Russia will at some future time bring their gold plan online (and this is the pending endgame) to neutralize the US mischief making of terrifying others into supporting their dollar Ponzi scheme at the barrel of a gun. Link: Read Complete Article
Trump To Rumble With China
BATTLEFORWORD – December 28, 2016: During Donald Trump’s presidential campaign he promised to go after China for their unfair practices against the United States. With the Republicans and Democrats chiming in with support, I do not believe they understand what they are getting into. Just as how President Obama did not understand the unfolding events when the Rothschild…agents throw him into the ring to rumble with Russia.
Trump cannot rumble two opponents at the same time, and so Russia will exit the ring for China’s turn. And Trump is convinced that the United States main geopolitical enemy is China and threatens to introduce restrictive trade and economic measures against Beijing. But my fellow readers, this is all a predictable plan. Trump is in for a treat as he goes up against the Old Guards of China. Lets hope sane heads prevail in this encounter. Link: Read Complete Article
US Threatens To ‘Cut China Off’ From Dollar If It Does Not Uphold Sanctions Against North Korea
“North Korea economic warfare works,” Mnuchin said Tuesday at the Delivering Alpha Conference in New York City. “We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us.”
The Treasury Secretary echoed the words of the US envoy to the UN, Nikki Haley, by calling the fresh round of sanctions against Pyongyang “historic.” Mnuchin added “if China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system.”
Washington has, so far, been reluctant to impose economic sanctions on China over concerns of possible retaliatory measures from Beijing and the potentially catastrophic consequences for the global economy.
Washington runs a $350 billion annual trade deficit with Beijing. China also holds $1 trillion in US debt, which amounts to 28 percent of US Treasury bills, notes and bonds held by a foreign government.
US lawmakers, however, seemed to be more inclined to exert pressure on Beijing and other countries striking deals with Pyongyang as they demand a “supercharged” response to North Korea’s nuclear tests, including imposing sanctions on companies from China and any other country doing business in North Korea.
“I believe the response from the United States and our allies should be supercharged,” said Ed Royce, chairman of the House of Representatives Foreign Affairs Committee during a hearing Tuesday.
“We need to use every ounce of leverage… to put maximum pressure on this rogue regime,” he said, adding that “time is running out.” Royce also called on Washington to target major Chinese banks, including the Agricultural Bank of China and the China Merchants Bank for dealing with Pyongyang.
He also said China was apparently reluctant to follow through on the sanctions adopted by the UN Security Council (UNSC) against the North. “It’s been a long, long time of waiting for China to comply with the sanctions that we pass and, frankly, with the sanctions that the United Nations passed,” he said.
The committee chair went on to say the US could give Chinese banks and companies “a choice between doing business with North Korea or the United States.” He added that the US should also “go after banks and companies in other countries that do business with North Korea the same way.”
Committee members also expressed unease over the fact that the sanctions imposed on North Korea have so far been ineffective in preventing Pyongyang from developing its nuclear and missile programs.
“We’ve been played by the Kims for years,” Republican Representative Ted Poe said, referring to North Korean leader Kim Jong-un and his predecessors, as reported by Reuters.
President Donald Trump also downplayed the role of the newly adopted sanctions later Tuesday. ”We think it’s just another very small step, not a big deal. I don’t know if it has any impact,” he told reporters at the start of a meeting with Malaysian Prime Minister Najib Razak.
Trump also said he already discussed the issue with his State Secretary of State Rex Tillerson. He ominously added that “those sanctions are nothing compared to what ultimately will have to happen” without specifying what he meant by that.
The UNSC unanimously approved a new resolution on sanctions against Pyongyang on September 11. Following a series of behind-the-scenes negotiations Sunday, diplomats agreed not to ban oil exports into North Korea. Instead, the ninth set of restrictive sanctions against Pyongyang authorized an annual cap of 2 million barrels of refined petroleum products to North Korea.
It also banned the North’s textile exports – the second-biggest export for the country, which totals $752 million – according to data from the Korea Trade-Investment Promotion Agency. Chinese and Russian negotiators managed to persuade the US delegation not to impose a travel ban or asset freeze on North Korea’s leader Kim Jong-un.
On Tuesday, the North Korean ambassador to Moscow said sanctions will not make his country change its policies. Pyongyang’s nuclear program helps it to deter the “hostile policy of the US,” Kim Yong-jae added. Link: Read Article