Tag: capitalism collapse

‘Kill the Dollar’. Shit ot hit the Fan on May 20th?

end-neoliberal-capitalismOkay the internet is plagued with Nth American conspiracy theorists peddling their scares.
But this time it could easily be true, see here:
http://www.zerohedge.com/news/2014-05-13/russia-holds-de-dollarization-meeting-china-iran-willing-drop-usd-bilateral-trade
First of all little macho dictator Putin is well pissed off that he and fellow corrupt billionaires got sanctioned and has unveiled a decree that can force companies to trade in rubles not dollars.
As  you may know the whole capitalist juggling act that lets the USA print and borrow trillions only works because the world has been forced  for over 60 years to trade for oil in US dollars that it first has to buy.Climate Change Capitalism Destroys the Planet Earth
Many say threats to upset this system were behind the Iraq slaughter and the anti Iran campaign.
Now there seem to be real indications that Russia and China will finally do a deal in their own currencies, which could ignite the chain reaction and bring Wall Street crashing down!
Really!?
But hang on a minute.. Don’t the Chinese own half the US debt so they wouldn’t want a collapse.
My guess is this is just Putin’s petty power play, maybe a small percentage of trade might be done in rubles, just to scare the Americans into backing off with their sanctions.
Much as we would love to see the collapse of capìtalism this looks more like a bluff gambit than mutual economic slaughter.
an extract from the article:

”Of course, the success of Moscow’s campaign to switch its trading to rubles or other regional currencies will depend on the willingness of its trading partners to get rid of the dollar. Sources cited by Politonline.ru mentioned two countries who would be willing to support Russia: Iran and China. Given that Vladimir Putin will visit Beijing on May 20, it can be speculated that the gas and oil contracts that are going to be signed between Russia and China will be denominated in rubles and yuan, not dollars.

The_Faces_of_Capitalism_by_Pit_Kuru

           In other words, from 20th May look out for not only the announcement of the        Russia-China “holy grail” gas agreement described previously here, but its financial terms, which now appears virtually certain will be settled exclusively in RUB and CNY. Not USD.”

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Greek Uprising: Defense Ministry stormed. Airport Occupied..

greek defense ministry stormed

Workers at the Skaramangas shipyard in Athens storm the ministry of defense; farmers in Heraclion, Crete raid the Heraclion airport, as tension ahead of the voting of new austerity cuts intensifies

On the morning of October 4th, approximately 500 workers at the Skaramangas shipyard (West Attica), gathered outside the greek ministry of defense on Mesogeion Avenue. The workers were protesting for the fact that they have not been paid their last 6 monthly wages.

The workers quickly gathered around the hellenic army general staff HQ. Soon thereafter riot police entered the courtyard and clashed with the workers. At least 120 detentions of workers were reported and the tension continued outside the police HQ on Alexandras Ave (where anti-fascists are still held following arrests earlier in the week).

At approximately the same time, in the city of Heraclion, Crete, farmers gathered in the city centre to protest again the forthcoming cuts in their pensions, as part of the latest round of austerity cuts expected to be announced in the coming days, or weeks.

Later in the afternoon the farmers moved to the city’s international airport, entering its halls and attempting to smash through the gate of the airport in order to occupy its runway. Riot police used tear gas and the farmers responded by tossing stones at the police. Continue reading “Greek Uprising: Defense Ministry stormed. Airport Occupied..”

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