Russia & Argentina: Birth of a new financial-economic system

Wednesday, 13 August 2014, 10:33 am
Column: The Vineyard of the Saker

Thanks to the lightning-fast work of the Russian Team (thanks guys!!!) I can share with you a report from the Russian TV channel Rossia 1 which I find absolutely fascinating. It shows how Russia and Argentina have been literally pushed by the USA into working with each other and the kind of results this collaboration is achieving. Though this report focuses on Argentina, I am sure that the same phenomenon is taking place elsewhere, especially amongst the BRICS countries.

It is very hard to change a system which works, a system upon which people depend for their salaries, a system which has been stable for years and which, while not perfect, at least is understood by all parties. This is why for all its imperfections, sometimes bordering on dysfunctions, what I would call the "Western financial-economic system" was so important and, frankly, so attractive: it was there and it worked. But then the USA did something extremely dangerous: they began to use and abuse this system for their very narrow political goals: MasterCard, Visa and the rest of them suddenly dropped Wikileaks, Iran was excluded from SWIFT, the French were told to be billions to Uncle Sam because of the Mistral sales to Russia, the Russians were told to compensate Khodorkovsky, the Swiss were blackmailed into given up their traditional banking secrecy, etc.

Of course, the dollar and the western economic interests did not only attract with a tasty carrot. They also came with a big stick: the US military. But at the same time when the US began using and abusing the Western financial-economic system, they also began a long streak of lost wars. In reality, one could make the case that the USA did not win a single war against a meaningful opponent since 1945 or Korea, but thanks to Hollywood and the Cold War the US still could maintain the illusion of being a military hyper-power. But following 9/11 even that illusion began to go down the tubes following the disasters in Iraq and Afghanistan (and Israel's abject defeat against Hezbollah).

As a result of the double collapse of the appeal of the Western financial-economic system and of the deterrence of the US military power the rest of the planet began to realize that one could openly defy Uncle Sam and get away with it. Oh sure, Bolivia alone could not do it. Neither could Malaysia. But, led by the BRICS themselves probably inspired by the ALBA countries, more and more countries came to realize this basic truth: to be an ally of the USA might well be even worse than to openly defy them.

Of course, at this current moment in history, Russia and Argentina are, really, battling for their very survival so it is not surprising that they would be showing the most determination into setting up a new, USA & dollar free economic-financial system. But the absolutely irresponsible and, frankly, crazy behavior of the USA in the past years is, I believe, also scaring the rest of the planet and there is no doubt in my mind that the example of Argentina and Russia is just the tip of a much bigger iceberg. First and foremost, we have the de-facto alliance of China and Russia, the biggest economic power on the planet with the biggest military power. They, in turn, as supported by the BRICS, CSTO, EAEC, SCO, ALBA, Mercosur and many other regional organizations which, in one way or another, federate the 100 or so nations which did not vote with the AngloZionist Empire at the UN on the Ukrainian issue.

The bottom line is this: very few nations are still attracted to the AngloZionist imperial model, and very few are still frightened by it. The result is the kind of collaboration (never shown on the MSM, of course) which you can see in this report. Enjoy!

(please click on the 'cc' button to get the English subtitles)

ENDS

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