Why and How the World Economic Order will collapse in 2011!

Why and How the World Economic Order will collapse in 2011!

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Dr.Georgi Stankov, a Bulgarian scientist living in Germany, has released a 182-page book. The information provided here FREE can be used as the fundamental basis for understanding the “Ascension” or “expansion of awareness” process we are ALL currently engaged in as we rapidly approach Dec 2012.

This article presents the best challenge, I’ve seen to date, to any scientist, Christian, Muslin, Religious devotee, Atheist, Agnostic, New Age Spiritualist, etc…to see their respective “separatist” viewpoints in the context of an infinite open and closed system. – All That Is…

‎”…this essay is not intended to be an introduction to the physical theory of the Universal Law, but has the purpose to show how all wrong ideas in physics have emerged from the primary concept of separation from the Whole. This elaboration, while being the Final Judgement on all fallacies of modern physics and science, aims in the first place to explain why the current structure of human civilisation, which depends to a large extent on theoretical and experimental science, will inevitably collapse this year. Current empiric science and technology will be a major part of this collapse…”

“…Current Ascension is the liberation of human beings as incarnated entities from the invisible enslavement by the dark entities from the 4th dimension, the Powers That Be, who have chosen the path of total separation from the Whole. Since these entities are guided by this primordial idea in their very existence, they have introduced it on every level of human society – from everyday life to science and religion, although the latter was originally intended to eliminate the idea of separation and to open the eyes of the believers for the truth that they are “sparks of God”…”

“…The means of enslavement in the Western world are far more subtle, but not less heinous. When one perceives recent history of mankind from this perspective, one will soon realize that every human effort to progress spiritually and to achieve abundance for the people has been successfully pervaded by the Powers That Be and their human minions – the current Elite.

This is the reason why true progress and enlightenment have never gained broad success on this planet. In the financial sector, these obstructive practices include the abolishment of the gold standard, the establishment of the European Union, the introduction of the Euro, the intention to establish a free trade zone in North America, the usurpation of financial power by central banks, such as the Fed that are private or corporative institutions but have control over the money system of sovereign countries, etc.

The list of financial crimes of the Elite against the people is infinite, but they are not really discerned by the masses, who are lulled by fake social ideals. Some of these atrocities have been highlighted by critical journalists and independent voices in the last several years, which are marked by a gradual increase of transparency and a quest for revelation of all hidden facts…”

“…The total financial crash of the Orion monetary system and the collapse of the current capitalist order will inevitably undermine the foundations of the western type of national state, which is based on three pillars: the fiscal system, the rental system, and the health care system. The fiscal system, with all its ramifications, comprises about 45-55% of the national GDP of the western, industrialized countries. The health care system makes for 16-19% of the GDP of each country and the rental system is in the same order as the health care system. All three systems will go bust immediately after the financial crash. This will lead to the abolishment of the national state in its current pecuniary form…”

“The Cosmic Laws of Creation and Destruction.
Why and How the World Economic Order will collapse in 2011!” Part I


PDF: http://bit.ly/mLluUt

VOL II – The Commentaries

Download VOL. II – The Cosmic Laws-Commentaries

PDF: http://bit.ly/iYBCoS

Its always of interest to me when independent and unrelated sources appear tending to corroborate seemingly isolated perspectives such as this one. (incidentally – its called Synchronicity) One such source is this video I recently stumbled upon:

“…The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.

No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.

This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide.

[Read from and occasionally paraphrased from the article, written by Silver Shield “Top 5 Places NOT To Be When The Dollar Collapses.” dont-tread-on.me]…”

And another source is this video interview with Richard C Hoagland.

His detailed account describes how Science took a detour or was intentional misdirected some 170 years ago. He is particularly critical of institutions like NASA, having previously worked for them, and is now working towards informing the wider public on just what he believes is really going to happen come 2012. His emphasis is clearly on the “True Physics” which is intentionally being withheld from the masses. To this end he has since been influenced to collaborate on projects with other spirituality concious scientifically focused researchers such as David Wilcock.

Project Camelot interview with Richard C Hoagland. – 2007

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27 thoughts on “Why and How the World Economic Order will collapse in 2011!

    • Author gravatar

      It’s rare for me to discover something on the net that’s as entertaining and intriguing as what you’ve got here. Your page is lovely, your graphics are outstanding, and what’s more, you use source that are relevant to what you’re saying.

      • Author gravatar

        Well thank you very much for your appreciative comments Lahoma. Its always uplifting when someone takes the time to comment positively on your work!

    • Author gravatar

      I discovered your blog site on google and checked out a few of your earlier posts. Continue to keep up the work. I just added your RSS feed to my MSN News Reader. looking forward to reading more from you later on!

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        I am glad you liked them Hallie. Its actually taken me quite some years just to get some topics up! But as 2012 rapidly approaches I aim to do a lot more. So stay tuned!

    • Author gravatar

      I just added this site to my bookmarks. I like reading your posts. Thank you!

    • Author gravatar


      Major global events that change the destiny of mankind always tend to show themselves after spring equinox by numerous symbolic signs, which can only be discerned by far-sighted people at the beginning. Then the signs begin to grow throughout the spring. The first visible manifestations of the coming change take place at the beginning of August and gain momentum throughout September. When this threshold is reached, the dam is broken and the flood inundates the society within days and hours. This will be the timely dynamics behind the coming events that will lead to total economic collapse of the old order and to ET Disclosure and First Contact in the fall of this year.


    • Author gravatar

      Its incredible how most people just have no real clue how the global economy is structured. An investment Trader Banker appears on mainstream BBC and states that Goldmon Sachs and other Banks control the world’s economies. Yet the media, and of course, most people speculate about him being a crank???

      As this detailed and informative Keiser report shows this is EXACTLY how the world economy is run BY FRAUDULENT ELITE BANKERS!!! or Financial Terrorists as Max Keiser would say!

      No amount of bailout funds or capital injections or even cuts and austerity measures are going to save this fundamentally corrupt financial system. Its broke!!! It cannot be fixed according to the same past rules and regulations. These Bankers have run out of ideas to create more virtual debt!!!. So where is the money going to come from?

      The only money left is in cutting jobs, services and selling off a countries national assets. This is what is happening to Greece and why they are rioting. And this is why they are protesting and occupying Wall Street. And this was why only just a month ago there was rioting and looting here in the UK streets!!!

      But the biggest deceit here is that Governments and Banks already know this and while the general populations remain grossly ignorant or uniformed of these connections we all will continue to needless suffer from this financial global depression.

      Its simply now a matter of time before the apple cart comes crashing down!!!


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      “… the real core of today’s problem is that Finance – that virtual world of banking, fractional lending, usury compound interest, fraudulent derivatives, casino-like speculative “investments” and other parasitic and anti-social activities – has illegitimately risen above the Real Economy which is the world of work, production, manufacturing, effort, toil, sweat and creativity…”

      WHERE to start to fix it?

      “…It starts with each country taking back their central bank so that it will provide the necessary amount of interest-free money to meet the needs of the Real National Economy, so that all the powerful funny-money bankers can be routed. That means freeing your central bank from global banker control.Former Argentine president Juan Domingo Perón did just that 60 years ago and the Powers That Be bombed him out of power. Muammar Gaddafi did that much more recently, and look at what happened to him….”

      “Money is a Powerful Lord”, 17th Century Spanish poet Don Francisco de Quevedo y Villegas once said. Four centuries later, nothing new under the sun…”


    • Author gravatar

      “…There’s something wrong???…” I like this and its great to see more African Americans understanding this, waking up and speaking out about it…and I expect this to increase exponentially this year…

    • Author gravatar

      Economic Collapse 2012 – February Update

      “…The advantage of a late financial crash – most probably in association with the pending magnetic pole shift this spring – is that it will not affect that much the portion of humanity, which is bound to ascend at the end of 2012.

      They will move immediately after the shift and the split of the two timelines to the new ascending timeline, where new, just and transparent numerical systems of payments will be introduced very soon, together with new advanced technologies from the higher realms.

      This will happen in the second half of 2012. The financial crash may begin this month (February) and will painfully unfold, until the magnetic pole reversal will occur. I personally expect this event in early spring, around or shortly after Spring equinox…”


    • Author gravatar

      The 2nd part of this talk discusses what the end of our current central imposed financial and economic system might look like when replaced by an “open source” peer-peer type economic monetary model.

      Open source development is traditionally the approach of how the internet got started. It files in the face of the typical capitalistic model of only innovating and developing for profit.

      What better approach than to base our new emerging monetary, economic and financially systems on.

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      “…Three reasons why Europe is guaranteed to collapse…”

      Broken coin

      “…Fact #1: EU Banks as a whole are leveraged at 26 to1…”

      “…Fact #2: One Quarter of the ECB’s balance sheet is PIIGS (Portugal, Italy, Ireland, Greece, Spain) debt…”

      “…Fact #3: Even after all of its interventions and purchases, the ECB is far too small to contain this mess (ditto for the Fed)…”


    • Author gravatar

      An in depth guide to understanding the Euro crisis and why there is no other alternative but to scrap the whole bank lending monetary system and start again!!!


      ‎”…Strip away the acronyms and the charges against Barclays are straightforward. Its traders and senior management are accused of tampering with two key interest rates to bolster their own profits. And they apparently did this not once, but repeatedly over four years. Indeed, the practice seems to have become so widespread that staff joke about it in emails: “Always happy to help, leave it with me, Sir.”; “Done … for you big boy”; “I love you”. This from the bank that earlier this year held citizenship days for its staff – and which, through state guarantees and emergency provisions of liquidity, has been supported by the British taxpayer…”

      Barclay's Bank Altered Logo!


      This is rotten, immoral, unethical, corrupt and criminality at its core…Yes!!! This is today’s banking and financial sector and this is not limited to the UK. Its the US, Europe the whole Western monetary system. This is what it was based on and its just continued to grow more and more morally corrupt from its inception 100’s years ago to its present day state of expected imminent collapse.

      Not a glowing recommendation is it? But this is what we’ve chosen to align ourselves with consciously or otherwise as the basis of what we believe is “modern civilized society”…?

    • Author gravatar

      This is a great clear and simple explanation of how MONEY began to be used and then created in our societies. Its the sort of factual documentary video that should be shown in All schools. Even though it explains CLEARLY the present situation with our banks today it was produced over 30 years ago!!!


      Leaving aside the Biblical references (this was produced in 1971) it is still an excellent and well produced story of how our money supply is used and created. The principle cause of which is the unnatural, fictitious creation of INTEREST which can never be repaid.

      This is what the majority of us have to wake up to… Listen and understand. The whole system of how money is created and used in our society is based on DEBT – INTEREST – which is NOT tied to anything REAL! Its an illusion…it doesn’t exist!. Its our confidence, trust and belief that makes and keeps it real. While our governments, wealthy elites and individuals manipulate, govern and control us while we WALLOW in the ignorance of our falsely shared beliefs in an honourable and fair capital + interest monetary economic system! But it isn’t???

      How incredibly DUMB and STUPID is that???

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      What is QE3? And What It Means For The U.S. Economy

      The following video explains clearly why the current rounds of QE (Quantitative Easing) taken place by both American and European banks is doomed to failure and simply an exercise in perpetuating the debt crisis all Western economies are suffering. It basically allows the criminal global banks to stock pile their reserves of currency while the rest of the economy starves.

      In this case its the privately owned Federal Reserve which is injecting the capital but as at least one commentator on this youtube video pointed out:

      “….it is those very same banks? who own the Fed. Ergo, the banks bailed themselves out of their toxic assets worth pennies on the dollar…”

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      “…The Wonderful Wizard of Oz…”

      “…Thirteen years ago, in a documentary called “The MoneyMasters”, we asked the question why is America going broke. It wasn’t clear then that we were, but it is today. Now the question is how can we get out of this mess. Foreclosures are everywhere, unemployment is skyrocketing – and this is only the beginning. America’s economy is on a long, slippery slope from here on. The bubble ride of debt has come to an end.

      What can government do? The sad answer is – under the current monetary system – nothing. It’s not going to get better until the root of the problem is understood and addressed. There isn’t enough stimulus money in the entire world to get us out of this hole.

      Why? Debt. The national debt is just like our consumer debt – it’s the interest that’s killing us.

      Though most people don’t realize it the government can’t just issue it’s own money anymore. It used to be that way. The King could just issue stuff called money. Abraham Lincoln did it to win the Civil War.

      No, today, in our crazy money system, the government has to borrow our money into existence and then pay interest on it. That’s why they call it the National Debt. All our money is created out of debt. Politicians who focus on reducing the National Debt as an answer probably don’t know what the National Debt really is. To reduce the National Debt would be to reduce our money – and there’s already too little of that.

      No, you have to go deeper. You have to get at the root of this problem or we’re never going to fix this. The solution isn’t new or radical. America used to do it. Politicians used to fight with big bankers over it. It’s all in our history – now sadly – in the distant past.

      But why can’t we just do it again? Why can’t we just issue our own money, debt free? That, my friends, is the answer. Talk about reform! That’s the only reform that will make a huge difference to everyone’s life – even worldwide.

      The solution is the secret that’s been hidden from us for just over 100 years – ever since the time when author L. Frank Baum wrote “The Wonderful Wizard of Oz.”…”

    • Author gravatar


      An excellent historical appraisal of wars, conflict, the private banking system and the false history this is all based on. It is probably the best historical lesson you won’t get from a history book, University lecture or mass media outlet …

      “…You have been raised by a public school system and media that constantly assures you that the reasons for all these wars and assassinations are many and varied. The US claims to bring democracy to the conquered lands (they haven’t; the usual result of a US overthrow is the imposition of a dictatorship, such as the 1953 CIA overthrow of Iran’s democratically elected government of Mohammad Mosaddegh and the imposition of the Shah, or the 1973 CIA overthrow of Chile’s democratically elected government of President Salvador Allende, and the imposition of Augusto Pinochet), or to save a people from a cruel oppressor, revenge for 9-11, or that tired worn-out catch all excuse for invasion, weapons of mass destruction. Assassinations are always passed off as “crazed lone nuts” to obscure the real agenda.

      The real agenda is simple. It is enslavement of the people by creation of a false sense of obligation. That obligation is false because the Private Central Banking system, by design, always creates more debt than money with which to pay that debt

      . Private Central Banking is not science, it is a religion; a set of arbitrary rules created to benefit the priesthood, meaning the owners of the Private Central Bank. The fraud persists, with often lethal results, because the people are tricked into believing that this is the way life is suppoed to be and no alternative exists or should be dreamt of. The same was true of two earlier systems of enslavement,

      Rule by Divine Right and Slavery, both systems built to trick people into obedience, and both now recognized by modern civilizatyion as illegitimate.

      Now we are entering a time in human history where we will recognize that rule by debt, or rule by Private Central Bankers issuing the public currency as a loan at interest, is equally illegitimate. It only works as long as people allow themselves to believe that this is the way life is supposed to be….”


    • Author gravatar

      The Essence Of The Banking Industry…

      “…The very essence of the banking system. To make us all slaves to debt. Those who control the debt, control everything…”

      This is the simple role banks play and why we need to get rid of them…Then we can all surely be much better off…!

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      Total Social and Economic breakdown when the US Dollar Loses its International Currency Status…Its going to happen…Its 2013…The question is when?

      “…Karen Hudes, a former 20-year employee of the World Bank, contends the US credit rating is on very dubious ground. Hudes says, “This is actually an underhanded move because they know the US dollar is going to lose its status as an international currency.”

      The BRICS countries have already decided to not use the dollar as a reserve currency but instead, a basket of currencies, plus gold. This shows a huge lack of trust in the dollar.

      She says something needs to be done to fix this – or it could make the The Great Depression of the 1930s pale by comparison. However, she says she believe this will cause the world to come together and sot this out lawfully but in the meantime, we should look into things like Bitcoin (which she endorsed 3 times) and like gold – although she cautions that people have been hording it for centuries and that that there may very well be lots more of it out there than is generally known.

      The longer it takes to sort out this currency time bomb, the better of a hedge that ownership of such other forms of currency puts us in, such that we can best position ourselves for the chaotic times ahead.

      What would that look like to the man on the street? Hudes predicts, “Prices would change on a daily basis. They would double. The number of families that would be employed would be in the minority . . . there would be lawlessness…”

      – See more at: http://www.forbiddenknowledgetv.com/videos/money/karen-hudes-predicts-permanent-gold-backwardation.html#sthash.FWjIHA0j.dpuf

      • Author gravatar

        The problem, as this Post and this comment thread has been highlighting for the last two years now, is that our whole Western economic and monetary system is corrupt and needs quickly dismantling. This is, by now, a well documented FACT.

        Those in Governmental power know this already. There are factions within our various Governments, as Karen Hudes alludes to, fighting to challenge and bring about some accountability for what is going in this system.

        But what would this achieve? A less corrupted reform of the present economic and social order? or its total dismantling and the formation of a new and global system model?

        My own analysis of this problem form this post and its subsequent comments suggests it could ONLY be the latter:

        A total dismantling of the current corrupt global economic, social and monetary system and the formation of a new equitable and just global system model.

        Anything less than this will not prevent the mass social unrest, chaos, breakdowns and economic collapse that many commentators have been continuously predicting.

        Maybe, indeed, this is what needs to happen? From the actions and political demonstrations of those in power reported in today’s current media. (Sept 2013) I remain unconvinced otherwise…

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      “…The Biggest Scam In The History Of Mankind – Hidden Secrets of Money…”

      This is probably one of the most in-depth but simplified explanations on how money in our society functions. Take the US economy with its Banks, Federal Reserve (Bank) and Government political parties. Who actual controls Debt and money in the system?

      Its a FACT most people are ignorant of how money works and is structured in our society. Its a FACT because if most people REALLY understood this they would know it was a scam perpetrated on the masses…

      A form of indentured slavery! They would rebel! They would realise it was based on a lie of “natural inequality”. Of course for those who realise they can benefit from it. Then it would be in their interests to maintain and protect such a system and make sure others were kept ignorant about its real function.

      You are about to learn one of the biggest secrets in the history of the world… it’s a secret that has huge effects for everyone who lives on this planet. Most people can feel deep down that something isn’t quite right with the world economy, but few know what it is.

      Gone are the days where a family can survive on just one paycheck… every day it seems that things are more and more out of control, yet only one in a million understand why. You are about to discover the system that is ultimately responsible for most of the inequality in our world today.

      The powers that be DO NOT want you to know about this, as this system is what has kept them at the top of the financial food-chain for the last 100 years.

      Learning this will change your life, because it will change the choices that you make. If enough people learn it, it will change the world… because it will change the system .

      For this is the biggest Hidden Secret Of Money.

    • Author gravatar

      “…The End Of Britain…”

      This is not an endorsement to subscribe to “MoneyWeek”. This is instead an endorsement of this very post. The analysis and statistics shared here are hard to dispute or ignore… Our government and the mass media know this but are not telling us this. Instead they talk about necessary cuts and austerity measures. But as the truth of this video and article shows all these policies are irrelevant to dealing with the deficit….

      “…Britain is about to be flattened by a tidal wave of debt. It doesn’t matter if you vote Conservative, Liberal, Labour, UKIP – or for no party at all. The facts are the facts…..The Coalition has spent the last two years desperately and very publically trying to get our finances in order. We’ve had an “austerity” budget. We’ve had tax hikes. We’ve had “the cuts”.

      But for all that, our national debt is still growing at an incredible rate.

      Despite David Cameron’s talk of “austerity”, he’s going to add an estimated £700 billion to the national debt in just five years. That’s more than Tony Blair and Gordon Brown added to the national debt in eleven years. It’s more than every British government of the past 100 years put together.

      The fact is, when you look at our finances as a whole, the Coalition isn’t cutting anything. State spending is going up… our national debt is going up… and our interest payments are going up.

      By the next general election in 2015, our national debt is estimated to stand at almost £1.4 trillion, as this chart shows:

      UK projected public debt 1900-2015


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      The End of Money and UBUNTU

      “… “The entire world financial and economic system is the largest organized crime perpetuated against humanity that we’ve ever seen…”

      While I would agree with that… The “Ubuntu” African philosophical system could reap major life changing benefits for everyone (without exceptions) on this planet. Its just what we need as an alternative to the present false, greedy, elitist system of white supremacy (racism) where, eventually, even just white people will no longer be able to benefit from its continuation…Ironic that such an economic model/system should emerge from post – Apartheid South Africa!

      If the default global economic, social, cultural, educational and political systemic model of white supremacy (racism) is to be abandoned. Then something must arise and be there to take its place… Ubuntu is probably as good as any other inclusive model I can think of out there…

    • Author gravatar

      “…Death of money’: Author Rickards predicts collapse of global monetary system…”

      “…The collapse of the monetary system awaits the world in the near future, says financial expert James Rickards. Russia and China’s desire to rid the US dollar of its global reserve currency status is an early sign of the “increasingly inevitable” crisis.

      “China has three trillion dollars, but they are buying gold as fast as they can. China worries that the US is going to devalue the dollar through inflation so they want to have a hedge if the dollar goes down, so the gold will go up,” Rickards told RT. ..

      …The best-selling author writes that the “linchpin” of the collapse is the approaching failure of the dollar since it is at the foundation of the system. Powerful countries such as Russia, China, Iran, and India do not rely on the US in their national security and would benefit from the US economy being weaker, thus desiring to break free from the dollar standard.

      He elaborates that the dual collapse “looks increasingly inevitable.”

      “The mistakes have already been made. The instability is already in the system. We’re just waiting for that catalyst that I call the snowflake that starts the avalanche,” he said, as quoted by ETF.

      There are three big international factors that are pressuring the dollar right now – Russia, China, and Saudi Arabia.

      “Since the 1970s, Saudi Arabia [has been] the leader in what’s called the petrodollar. It basically means that Saudi Arabia and, by extension, OPEC, price oil in dollars, so the world market is in dollars.

      “Russia is a major natural resource exporter; they price their exports in dollars as well. But Russia now is engaged in a financial war with the US around the issues in Crimea and Ukraine.”

      The threats to the dollar are “ubiquitous,” the author states in his book. The only way the US can pay off its $17 trillion debt is with inflation, which would drive other countries away from the dollar while the accumulation of gold by Russia and China presages the shift to a new reserve asset…”


    • Author gravatar

      The Next World Financial Order

      Could this be the start of a new desperately needed global financial world order?

      “…The Next World Order

      The organization is officially called the ‘Group of 77 and China’, but the alliance actually includes 133 nations. Showing just how much influence they have, their meeting this weekend [June 13-15 2014] in Bolivia was opened with a keynote speech by United Nations Secretary General Ban Ki-moon. In the audience were over 30 heads of state from around the world and official representatives from over 100 more governments. Also illustrating the organization’s growing influence, China isn’t even a member of the G77, but insisted on participating anyway in a show of unity with the globe’s Next World Order.

      Venezuelan President Nicolas Maduro participated, telling the gathered nations they had to unite to “fight for fair and sustainable economic growth and for a new world economic order.” Ecuadorian President Rafael Correa went one step further, telling the gathered national leaders and representatives, “Only when we are united across Latin America and united around the world will we be able to make our voice heard and change an international order that is not just unfair, it is immoral..”

      “…UN Civil War

      Dissolving the UN Security Council One of the more ambitious goals of the G77 and its 133 participating countries is the elimination of the United Nations Security Council. World leaders insist it is little more than a five-nation tyranny over the
      full UN body. With five permanent members of the UN Security Council having veto power over the rest, UN policies and actions have been dictated by those five countries – US, UK, Russia, France and China.

      Members of the G77 want the Security Council eliminated so the UN can go back to being a purely democratic body. The Cuban leader went on to describe a global economic system run by American hypocrisy and financial corruption. The principles of International Law and the postulates of the New International Economic Order are brazenly violated, concepts that attempt to legalize meddling are imposed, force issued and threats of force are made with impunity, the media are used to promote division.

      Dominoes beginning to fall

      This is just the latest organized attack on a global financial system rigged by corrupt governments and the multinational corporations that control them. Just last month, Russia and China signed a long term trade alliance that represents the first major crack in the US Dollar bubble. The two countries agreed to stop using US Dollars in their transactions and instead use their own two currencies. The two largest banks from both countries immediately announced they would be dumping the US Dollar as well…”

      Karen Hudes Document.

      List of 133 nations participating:

    • Author gravatar

      “…BRICS system’ – healthy alternative to ‘defunct dollar system…”

      “…The BRICS Bank marks a major step to de-dollarization, and a new monetary system. It should replace the Western-dominated “predatory casino scheme” that has contributed to world wars and “economic terrorism,” says former World Bank economist Peter Koenig.

      “A ‘BRICS system’ would offer a healthy alternative to the highly indebted and defunct dollar system, where money is printed at will,” Koenig said in an interview with Asam Ismi of the Canadian Centre for Policy Alternatives.

      A ‘BRICS system’ should be based on a new currency, which Koenig called ‘Bricso…”

      READ MORE: BRICS establish $100bn bank and currency pool to cut out Western dominance

      Read more on this at RT…

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