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China and Russia Are Doing the 2-Step to Bring Down the US Economy

Monday, July 17, 2017 8:30
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(Before It's News)

 

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The American economy is on the rocks. Most would tell you that it is because our government and its citizens have acquired massive debt. That is only part of the picture. At the present moment, China and Russia are doing their version of the two-step to take down the US economy. Make no mistake about it, this is economic war and it is leading to World War III.

China and Russia’s Economic Assault on the US

Brazil, Russia, India, China, South Africa-BRICS 

When it became obvious for all with eyes to see, Russia and China led the initial assault upon the dollar by challenging the supremacy of the Petrodollar. Briefly, for those that do not know their economic history, the globalists, in 1944, decided that the world would use the dollar as the world’s reserve currency. With a coming global industrialization movement, there was a need for a stable currency to underwrite the growth. The only major country untouched by the ravages of World War II was the United States. Therefore, it was decided that all nations that would purchase oil, in their attempt to further industrialize, must do so with the dollar. The international purchasing of the dollar, known as the Petrodollar, saved the US economy because we had abandoned the gold standard under FDR during the Great Depression. The Petrodollar is the only backing that our dollar enjoys and now it is being threatened.

In the 1990’s, Saddam Hussein, Germany and France began to engage in oil exchange using gold and Iraq got invaded under George H. W. Bush. Other Middle Eastern nations were preparing to do the same at a later date and Rumsfeld, George W. Bush and Dick Cheney devised a plan to invade 5 Middle Eastern Nations in order to prevent any future rebellion against the Federal Reserve’s Petrodollar.

Part of this plan, called for the invasion of Syria and Iran. This is where the Chinese and the Russians stepped in and created the BRICS. Further, the Russians and the Chinese began to defend Iran and Syria. Most importantly, Iran began to sell oil for gold to the newly created BRICS and the value of your dollar took a big hit. The US would love to invade Iran in order to stop the BRICS, but they cannot get passed the armies of Russia and China.

The BRICS Conspiracy Grows

The creation of a BRICS gold marketplace, designed to replace the U.S. Petrodollar in continues to move to the next level.  Russia’s largest bank, Sberbank, recently announced that its subsidiary is now trading in gold on the Shanghai Gold Exchange.

Russia and China are marrying their economy in gold exchanges in order to completely bypass the dollar.  This is a catastrophic development.  Here is a summary of this action.

The reader can clearly see that the Russian government fully intends on expanding their gold exchanges with China which is currently at 26% of all trade transactions. It doesn’t take a rocket scientist to realize that this Russian/Chinese strategy is designed to weaken America and soften her up for the kill.  Reuters provides more fuel to this fire:

“Sberbank plans to expand its presence on the Chinese precious metals market and anticipates total delivery of 5-6 tonnes of gold to China in the remaining months of 2017.

Gold bars will be delivered directly to the official importers in China as well as through the exchange… 

Russia’s second-largest bank VTB is also a member of the Shanghai Gold Exchange.”

Summary of the Present Economic Climate

The BRICS began as an attempt by affiliated nations to not be held hostage by the dollar. This would have presumably allowed the economies of these nations to expand and to compete with the dollar, which it has.

China and Russia, the second and third most powerful nations, are in the process of completely abandoning the dollar. The world is in the process of joining them. This is the end of the dollar and this is the end of your bank account.

Implications

Do you think the Federal Reserve is going to take this lying down? This is an act of war and war is exactly what is going to happen. The bankers who reside at the top of pyramid of power have deliberately weakened America, because America is going to lose this war so that the NWO can be ushered in and it biggest opponent will not be able to obstruct the process. Deagel’s projections, that have been widely discussed on this site, will come to fruition as America is expected to lose 90% of its population by 2024 and its economy, along with its military budget. will shrink by an equivalent amount.

If there anything that the average American can do? That will be the subject of the next installment in this series.

 

More to come….

 

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Total 5 comments
  • IAMPEACE

    Time to wake up, Dave is dead ON. I regret that most people have no idea what has just been explained. Thank GOD I realized this
    years ago by simply understanding the fiat system and the college instructor who was willing to jump up and down on his and shout
    at the class ‘The fiat system will collapse’. His advice was tangible assets and no debt. However, I can’t accept 90% of the American
    people will die. I have witnessed hundreds of people go thru very difficult times and the human spirit is devine, kind and steadfast.
    Yes Dave, you have given a warning and now is the time to prepare and act. Thanks Dave and BIN.

  • Counter Analysis

    Serious plans would have to be in place for China to participate in sabotaging the dollar. China’s fragile economy and huge dependency on ever increasing GDP percentages of at least the high single digits makes it very vulnerable to any weakening of Americans’ purchasing power. Any war with China could rapidly lead to economic sanctions forbidding Walmart, Target, and virtually all companies from importing or producing goods from or in China. In the past I’ve considered the possibility China could take over America’s role as the leading economic power and strengthen rather than weaken it’s currency thus switching over to economic growth through both domestic production and domestic consumption. But such a transition would likely be long, painful, and drawn out, although all out war has the possibility of rapid and unexpected change.

    It’s possible the move by the BRICS is not so much an aggressive attack, but rather a defense against the deliberate sabotage of the dollar by the elite who want to usher in the nwo. The world would probably be happy to continue in the most stable currency if there were not overt signs of abuse such as runaway unsustainable debt, perpetual threat of complete banking collapse, and never ending American war campaigns. These other nations may know something most American’s don’t realize. Perhaps the destruction of the world economy and dollar is planned, and the BRICS are trying to ensure they have some sort of economic infrastructure in place to survive the coming planned economic apocalypse. The stock piling of precious metal may be in preparation for the ruin of fiat currency when the destruction caused by Planet X occurs. Virtually all govt’s know of its impending arrival in my opinion. This arrival is likely earmarked by the elite to be the time when everything turns to ashes so that the phoenix may arise.

  • truck driver

    Chinese restaurants are in every town in the USA. Some Chinese claim they are fail Gong or something

  • Pink Slime

    China and Russia were NEVER your friends. Yet, many companies here in America SOULED out to the Chinese for CHEAP labor. Unawares of the Chinese psyche.

    They have no honor, no morals, no code. The only thing that counts to a Chinese is MONEY. To have more than you do and to get it from you anyway the can, but mostly through deceit.

    You did more than sell your companies to them – you SOULED yourself out. :twisted:

    • BEEF SUPREME

      No code?

      Son, we live in a world that has walls and those walls have to be guarded by men with guns. Who’s gonna do it? You? You, Lieutenant Weinberg? I have a greater responsibility than you can possibly fathom. You weep for Santiago and you curse the Marines. You have that luxury. You have the luxury of not knowing what I know: That Santiago’s death, while tragic, probably saved lives. And my existence, while grotesque and incomprehensible to you, saves lives. You don’t want the truth because deep down in places you don’t talk about at parties, you want me on that wall!!! You NEED me on that wall!!! We use words like ‘HONOR’ ‘CODE’ ‘LOYALTY’… We use these words as the backbone of a life spent defending something. You use them as a punchline. I have neither the time, nor the inclination, to explain myself to a man who rises and sleeps under the blanket of the very freedom that I provide, and then questions the manner in which I provide it. I would rather you just said ‘thank you’… and went on your way. Otherwise I suggest you pick up a weapon and stand a post. Either way, I don’t give a DAMN what you THINK you are ENTITLED TO!!!

      :!: :!: :!:

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