Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

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

The birth of a new financial-economic system: the example of Russia and Argentina

The Saker
August 12, 2014

http://vineyardsaker.blogspot.co.nz/2014/08/the-birth-of-new-financial-economic.html

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

© Scoop Media

 
 
 
Top Scoops Headlines

 


Julian Assange: A Thousand Days In Belmarsh
Julian Assange has now been in the maximum-security facilities of Belmarsh prison for over 1,000 days. On the occasion of his 1,000th day of imprisonment, campaigners, supporters and kindred spirits gathered to show their support, indignation and solidarity at this political detention most foul... More>>

Binoy Kampmark: The Mauling Of Novak Djokovic
Rarely can the treatment of a grand sporting figure by officialdom have caused such consternation. Novak Djokovic, the tennis World Number One, has always had a tendency to get under skin and constitution, creating a large following of admirers and detractors. But his current treatment by Australian authorities, and his subsequent detention as an unlawful arrival despite being granted a visa to participate in the Australian Open, had the hallmarks of oppression and incompetent vulgarity... More>>

Binoy Kampmark: Voices Of Concern: Aussies For Assange’s Return

With Julian Assange now fighting the next stage of efforts to extradite him to the United States to face 18 charges, 17 of which are based on the brutal, archaic Espionage Act, some Australian politicians have found their voice. It might be said that a few have even found their conscience... More>>



Forbidden Parties: Boris Johnson’s Law On Illegal Covid Gatherings

It was meant to be time to reflect. The eager arms of a new pandemic were enfolding a society with asphyxiating, lethal effect. Public health authorities advocated various measures: social distancing, limited contact between family and friends, limited mobility. No grand booze-ups. No large parties. No bonking, except within dispensations of intimacy and various “bubble” arrangements. Certainly, no orgies... More>>

Dunne Speaks: Question Time Is Anything But
The focus placed on the first couple of Question Time exchanges between the new leader of the National Party and the Prime Minister will have seemed excessive to many but the most seasoned Parliamentary observers. Most people, especially those outside the Wellington beltway, imagine Question Time is exactly what it sounds... More>>



Gasbagging In Glasgow: COP26 And Phasing Down Coal

Words can provide sharp traps, fettering language and caging definitions. They can also speak to freedom of action and permissiveness. At COP26, that permissiveness was all the more present in the haggling ahead of what would become the Glasgow Climate Pact... More>>