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This article was written by Peter Koenig, an economist and former World Bank staff.
April 08, 2014 "ICH" - Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners – no longer in dollars – see Voice of Russia.
Russia’s trade in hydrocarbons amounts to about a trillion dollars per year. Other countries, especially the BRICS and BRCIS-associates (BRICSA) may soon follow suit and join forces with Russia, abandoning the ‘petro-dollar’ as trading unit for oil and gas. This could amount to tens of trillions in loss for demand of petro-dollars per year (US GDP about 17 trillion dollars – December 2013) – leaving an important dent in the US economy would be an understatement….
Along with the new BRICS(A) currency will come a new international payment settlement system, replacing the SWIFT and IBAN exchanges, thereby breaking the hegemony of the infamous privately owned currency and gold manipulator, the Bank for International Settlement (BIS) in Basle, Switzerland – also called the central bank of all central banks.
To be sure – the BIS is a privately owned for profit institution, was created in the early 1930’s, in the midst of the big economic melt-down of the 20th Century. The BIS was formed precisely for that purpose – to control the world’s monetary system, along with the also privately owned FED and the Wall Street Banksters – the epitome of private unregulated ownership.
The BIS is known to hold at least half a dozen secret meetings per year, attended by the world’s elite, deciding the fate of countries and entire populations. Their demise would be another welcome new development.
As the new trading road and monetary system will take hold, other countries and nations, so far in the claws of US dependence, will flock to the ‘new system’, gradually isolating Washington’s military industrial economy (sic) and its NATO killing machine.
This Economic Sea Change may bring the empire to its knees, without spilling a drop of blood. An area of new hope for justice and more equality, a rebirth of sovereign states, may dawn and turn the spiral of darkness into a spiral of light.
It is obvious that many free-thinking economists see the dawn of a new era where the Babylonian banking system is overthrown by Russia and China. They welcome this change, knowing that the Federal Reserve Bank, the Bank of International Settlements, and other institutions are privately owned by so-called “elite” who have enslaved the world and enriched themselves enormously.
Those who believe that a frightening “Antichrist” and world-government oppressive system is about to arise will be afraid of what is coming. But for those of us who know that God has raised up a “messiah” named Cyrus (now China) and his partner, Darius (now Russia), to overthrow Babylon and to finance the Kingdom of Heaven, this is a time for rejoicing, not hand-wringing.
This summer will see monumental changes for the good. The only bad stuff will be the reaction from the Western Babylonian leaders, as they attempt to foment World War III to save themselves.