Thursday, March 3, 2016 22:37

Last week Zhou Xiaochuan, the head of China’s central bank, announced, in a jargon filled technical interview, that China would no longer be pegging its currency to the US dollar. Instead, the Chinese yuan will be linked to a broad basket of currencies, Zhou said.
This seemingly arcane shift could trigger a collapse in the US dollar, which, as economist Peter Schiff put it “will be the single largest event in human history.”

A stand-off at a the G20 finance minister’s meeting in China last week is reflected in public calls by China to replace the US dollar and threats by the US military to start a nuclear war. The US military also say they stand ready to enforce any decisions by the international court of justice at The Hague over territorial disputes in the South China sea.

Deputy Defense Secretary Robert Work, who witnessed the launch, said the U.S. tests, conducted at least 15 times since January 2011, send a message to strategic rivals like Russia, China and North Korea that Washington has an effective nuclear arsenal. “That’s exactly why we do this,” Work told reporters before the launch.

Of course, the #1 unspoken rule when launching ICBMs is to never explicitly say why you are doing it. By breaking said rule, it marks a much greater escalation in international diplomacy than merely test firing the nuclear-capable ballistic missile.

That, however, was not an issue and Work piled on, with the following stunner

“We and the Russians and the Chinese routinely do test shots to prove that the operational missiles that we have are reliable. And that is a signal … that we are prepared to use nuclear weapons in defense of our country if necessary.

Well that’s good to know.

In other words, there is some serious horse-trading and table pounding going on at the highest levels of global finance.
Since the Khazarian bankers refused to accept Chinese proposals to reform the international financial architecture, last week they formally launched the BRICS development bank to complement the already up and operating Asian Infrastructure Investment Bank. In other words they are saying “if you do not let us into your club, we will just go ahead and start our own club without you.”
The fact is the BRICS know that time is on their side because the Western countries no longer have the industrial or resource base needed to support their world domination. In other words, there is not enough reality to support their money illusion any more.