All wars or nothing

by Aleister Crook.

The radical attitude of the West towards Russia threatens to unravel the entire economic system in which it has imposed its hegemony on the planet.

These “wars” are increasingly seen in the West as existential events – that is, “all or nothing” events – and their scope is widening. Why wars in the plural? Well, the military confrontation in Ukraine is about to reach its climax. The war on Russia’s sweeping changes in the global monetary system plunged Western countries into a soundless whirlwind. Europe is on the edge of an economic abyss. And the “war” between Russia and China to rearrange the global “rules” is coming to an end (although it is proceeding at a slightly slower pace).

However, the PSYOPS War of the West is truly in a class of its own. The wall of toxicity that swells, rises and crashes on the shores of Russia is a sea storm we’ve never seen before. His intent is clearly to demonize President Putin beyond “evil”, turning him into such a twisted satanic demon that any sane Russian oligarch would rush to replace him with a more pliant Yeltsin-like figure.

Only, that doesn’t work. The Western officials behind the PSYOPS “star” don’t know when to stop. They are squeezing the levers so hard and tipping the scales ever higher, that a deepening hatred of all things Russian has the opposite effect: Putin is not only more popular, but has provoked in Russia a backlash against the West as a whole.

So it was precisely the end effect to turn the Ukraine question into a Judi Manui nightmare. The Anglo-Saxon scholar writes in the headlines that “war is all or nothing”: if Putin is not defeated (meaning completely defeated in battle), the West simply cannot survive.

The problem with the West driving things to the zenith of all-or-nothing is that it also risks being ‘nothing’. Indeed, it is clear that it is not permissible to talk with “evil” demonic forces: therefore no political dialogue. All or nothing.

The obvious corollary of this binary confrontation between good and evil is that the rest of the world must submit to the mechanism of a great investigator to discover, and then force the heretics to undo any failure to support Ukraine against Russia, under pain. Who burned them at the stake. Inquisitors are scattered all over the world: those returning to Europe are the first (the Urbans); Pakistan, India, Turkey, Gulf countries, etc. follow on.

It just, again, doesn’t work. Non-Westerners feel in the air an empire waning, reeling, swaying, like Hercules armed with his sword descent into Hell (the underworld) to bring the three-headed dog Cerberus, whose head spreads human fear. What awaits us in the next corner. (Fear, in fact, rises.)

And this is what drives this all-or-nothing fear: the sea change heralded by Russia’s insistence on paying in rubles (for now, only to deliver gas) and the already resurgent ruble that is now tied to gold and commodities.

By playing on both sides: by pegging the ruble to gold, and then by pegging energy payments to the ruble, the Bank of Russia and the Kremlin fundamentally change all the operating assumptions of the global trading system (by replacing variable dollar transactions with steel currency transactions, backed by commodities), while It led to a reorientation of gold’s role as a bulwark of the monetary system.

If the majority of the international trading system begins to accept rubles for the supply of raw materials, it could drive what Wall Street guru Zoltan Bozar predicts, namely the death of the petrodollar and the arrival of Bretton Woods 3 (i.e. a new world monetary system).

The world is watching with interest. They can see the landscape moving. When the West collectively seized all the foreign exchange reserves of the Central Bank of Russia, the latter decided that Russia’s sovereign reserves in euros, dollars and US Treasury bills were no longer “good money”. It was worthless as a “currency” to pay off debts to foreign creditors.

The message was very clear: If a major country in the G-20 can cancel its reserves in a jiffy, for those who still hold reserves in New York, go and get them elsewhere (while that is possible)! Because tomorrow’s trading currencies will be backed by raw materials, not anymore in constant dollars.

Of course, among those keeping an eye on another aspect (market oil prices), it will be China (with its huge gold reserves) and the most committed major crude oil producers who will see that – if it continues – Russia’s actions may result in Russia not only snatching gold. Price fixing from LBMA and COMEX (bullion exchanges) but who knows, in combination with other producers, to wrest gold price fixing from oil on US commodity exchanges as well?

In a very real sense, the West feels an existential threat. We’re not just talking about de-dollarization, but something more substantial. The Western financial system consists of an inverted pyramid of highly leveraged fiat money “tools” (many known as derivatives), resting on the smallest base, the top of the pyramid. This is called “internal money”.

It is larger than its side struts at its base – sometimes called the “silver exterior”. External money represents a real thing: oil, gas, energy, food, minerals, etc. Real guarantee.

Removing the outer coins from the base of the inverted pyramid…and (possibly), crashing.

Well, this is what happens. Putin is pushing Russian gas away from the base of the pyramid by insisting that the entire payment process, and the additional value, remain in the ruble range. And if other countries follow suit and spread to other commodities… it crashes.

Ironically, the West has brought this situation upon itself. Putin did not. they did it. They did this when the Russia-scared “hawks” in Washington stupidly began a battle with the only country – Russia – that had the raw materials needed to run the world, and to trigger the switch to a different monetary system – an alternative system, rooted in something other than paper currency, backed by nothing but The ability of the Federal Reserve to print dollars indefinitely.

And then they destroyed the US Treasury’s “full faith and promise” of the obligation to contractual payment – by stealing Russian reserves.

Source: Al-Mayadeen

international network translation

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