Iran Is Ditching The Dollar

REUTERS/Alexei Nikolsky/RIA Novosti/Kremlin

Russia’s President Vladimir Putin (R) shakes hands with his Iranian counterpart Hassan Rouhani at the welcoming ceremony during a summit of Caspian Sea regional leaders in the southern city of Astrakhan, September 29, 2014.

Iran reportedly is no longer using the US dollar in foreign trade transactions and is replacing it with other currencies, the deputy governor at the Iranian Central Bank Gholami Kamyab said, according to Sputnik News.

“In trade exchanges with the foreign countries, Iran uses other currencies including Chinese yuan, euro, Turkish lira, Russian ruble, and South Korean won,” Kamyab reportedly said.

He also reportedly added that Iran was considering bilateral currency swap agreements, which would allow partners to exchange one foreign currency for the equivalent in the other currency. He did not explicitly name partners, however.  

Although nuclear sanctions imposed on Iran over years are meant to deter the state from building up its nuclear arms program, they could also be the catalyst that is pushing Iran to look for new economic partners. As Ian Bremmer noted, the glaring drawback of using coercive sanctions (and other weaponizations of finance), is that the targeted countries can and will increasingly diversify away from the dollar.

And over the past few years, Iran has been strengthening economic and military ties with others countries (including China and Russia) in an effort to circumvent the Western-imposed sanctions.

Turkey ran an extensive gas-for-gold scheme with Iran, which ran from about March 2012 to the fall of 2013 and yielded Iran more than $13 billion dollars amid crippling sanctions implemented by the U.S. over the country’s perceived nuclear program.

“It’s a huge amount of money,” Jonathan Schanzer, a former terrorism finance analyst at the U.S. Department of the Treasury who detailed the arrangement in Foreign Policy, said. “You can’t ignore the fact that the Turks helped Iran with a massive sanctions-busting scheme.”

Russia and Iran recently signed a deal to build more nuclear reactors in Iran (after already pledging eight in May), signed a military deal for increased cooperation in the Middle East (both countries staunchly back the Syrian regime of Bashar al-Assad), and are forming an “espionage alliance.“

In August, Russia and Iran may have signed a $20 billion oil deal, in which Russia would buy Iranian oil in exchange for Russian goods and equipment, although the exact terms of the deal (and whether or not it actually went through) are pretty hazy.

The White House previously said that such a deal would raise “serious concerns” and would be inconsistent with the nuclear talks between world powers and Iran.

China has also expressed interested in having closer military ties with Iran, and has on occasion circumvented the sanctions imposed on Iran in the past few years.

The bigger picture of what’s going on is that over the past several months several non-Western countries — including Russia, China, India, and North Korea — have been strengthening their military, energy, and economic relationships with each other.

So bottom line: Iran’s diversification away from the dollar could be another snippet in that larger trend.

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Money is at the root of our current social and economic crisis.

Published on 30 Apr 2012 | 97% Owned by private bankers - Positive Money Cut

To join the campaign to democratise money.
see http://www.positivemoney.org.uk/97per...

When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked - questions like: where does money come from? Who creates it? Who decides how it gets used? And what does that mean for the millions of ordinary people who suffer when money and finance breaks down?

97% Owned is a new documentary that reveals how money is at the root of our current social and economic crisis. Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatised, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach. Fact-based and clearly explained, in just 60 minutes it shows how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis.

Produced by Queuepolitely and featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign, this is the first documentary to tackle this issue from a UK-perspective, and can be watched online now.

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25 Fast Facts About The Federal Reserve

September 15, 2013 | Source: Michael Snyder, Guest Post

As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a "democratic system", but there is nothing "democratic" about the Federal Reserve. Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy. There is a reason why financial markets respond with a yawn when Barack Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth. The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin. The Fed is the biggest Ponzi scheme in the history of the world, and if the American people truly understood how it really works, they would be screaming for it to be abolished immediately. The following are 25 fast facts about the Federal Reserve that everyone should know...

#1 The greatest period of economic growth in U.S. history was when there was no central bank.

#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created. In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent, and it would be even higher than that if the inflation numbers were not being so grossly manipulated.

#3 Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.

#4 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.

#5 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.

#6 The following comes directly from the Fed's official mission statement: "To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded."

#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#8 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the "dotcom bubble", the Federal Reserve created the "housing bubble" and now it has created the largest bond bubble in the history of the planet.

#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report...

Citigroup - $2.513 trillion Morgan Stanley - $2.041 trillion Merrill Lynch - $1.949 trillion Bank of America - $1.344 trillion Barclays PLC - $868 billion Bear Sterns - $853 billion Goldman Sachs - $814 billion Royal Bank of Scotland - $541 billion JP Morgan Chase - $391 billion Deutsche Bank - $354 billion UBS - $287 billion Credit Suisse - $262 billion Lehman Brothers - $183 billion Bank of Scotland - $181 billion BNP Paribas - $175 billion Wells Fargo - $159 billion Dexia - $159 billion Wachovia - $142 billion Dresdner Bank - $135 billion Societe Generale - $124 billion "All Other Borrowers" - $2.639 trillion

#11 The Federal Reserve also paid those big banks $659.4 million in fees to help "administer" those secret loans.

#12 The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.

#13 We were told that the purpose of quantitative easing is to help "stimulate the economy", but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in "excess reserves" that they have parked at the Fed.

#14 Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favors the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.

#15 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.

#16 The Federal Reserve has argued vehemently in federal court that it is "not an agency" of the federal government and therefore not subject to the Freedom of Information Act.

#17 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized "much like private corporations".

#18 The regional Federal Reserve banks issue shares of stock to the "member banks" that own them.

#19 The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.

#20 The Federal Reserve is supposed to "regulate" the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives bubble from inflating which could absolutely devastate our entire financial system.

#21 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has gotten more than 5000 times larger.

#22 The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.

#23 If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.

#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures". So exactly why is the Federal Reserve doing it?

#25 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence? 

Siapa pengawal duit kita di bank?

Mohammad Faizal Che Yusof,

13 Ogs 2013

SETELAH beberapa hari berlalunya Syawal, kanak-kanaklah antara mereka yang paling gembira. Apa tidaknya. Syawal yang telah memasuki hari keenam pada hari ini tentunya mendatangkan rasa riang kepada mereka bila duit raya yang diperolehi dikira berulang kali menandakan senangnya rasa hati.

Kini anak-anak berkira-kira pula untuk membeli itu dan ini dan tidak kurang juga memujuk ibu ayah membawa mereka ke mana-mana institusi kewangan untuk mereka sendiri pergi menambah tabungan yang sedia ada. Nah, biarpun berulang kali masuk dan keluar bank, tentu ramai dari kita tidak pernah terfikir rahsia di sebalik duit tunai yang disimpan di bank-bank atau mana-mana institusi kewangan. Apa yang difahami umum, kita akan menyimpan bila ada lebihan dan mengeluarkannya bila ada keperluan.

Dalam sistem kewangan dan perbankan hari ini, mana-mana negara termasuklah Malaysia tertakluk pada satu dasar kewangan dan perbankan yang telah dipersetujui seluruh dunia. Timbullah persoalan, adakah Tabung Kewangan Antarabangsa (IMF) atau Bank Dunia itu merupakan pembuat dasar sebenar kewangan di peringkat antarabangsa? Dengan kata-kata lain, adakah kedua-dua ini bersifat bank pusat kepada dunia? 

Sering kali kita dengar bahawa apa saja projek mega, dua institusi diatasl akan menjadi buah bicara sebagai pembiaya. Projek itu dibiaya IMF, projek ini dibiaya oleh Bank Dunia dan ada juga kata-kata "kita terhimpit atau dianiayai dengan dasar kewangan dan perbankan oleh kedua-dua institusi ini".

Dakwaan-dakwaan terbabit seterusnya mendorong kepada kefahaman bahawa IMF dan Bank Dunia adalah bank pusat kepada dunia.

The IMF & NWO economy? - Usury Globalization

About the IMF :

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