Category Archives: Cryptocurrency

The Balkanization of South America and the Role of Fifth Columns Throughout the World

During the recent meeting in Caracas of the Venezuelan Presidential Economic Advisory Commission, in mid-June 2018, President Maduro said something extremely interesting, but also extremely disturbing, nonetheless highly important for the region to be aware of. Mr. Maduro mentioned Yugoslavia, the foreign induced local conflicts, the breakup and dismemberment of Yugoslavia, starting with the “Ten Days War” on Slovenia in 1991, the Croatian War (1991-95); the Bosnia War (1992-95); the Kosovo War (1998-99), culminating with the Clinton induced 69-day NATO bombing of Kosovo, under then European NATO leader Wesley Clark (today the Repentant – in retrospect it’s easy to be sorry), pretending to save the Kosovo Albanians from Serbian Milosevic’s atrocities. How Milosevic served as a patsy for the imperial forces is another story.

All of this would not have been possible without a decade long preparation by several Fifth Columns infiltrated and trained in and outside of Yugoslavia, the only country in Europe that in the 1980s and 90s flourished, with general well being above that of the average Europeans, who were suffering recessions and increasing inequality, the beginning of xenophobia in the age of nascent neoliberalism. There was no extreme poverty in Yugoslavia, but prosperity without excesses for everybody. There was economic growth under a loose Mao-model socialism which could, of course, not be allowed to persist, lest it might serve the world as an example. Besides the breakup of Yugoslavia into chaos was needed to create mini-states that are in conflict with each other, some of them still today, and that could be ‘accommodated’ against a hefty ‘fee’, of course, to accept the installation of NATO bases ever an inch closer to Moscow’s door step.

Well, Mr. Maduro saw and sees it clearly. History repeats itself all too often, especially when it comes in the form of western neoliberal-neofascist atrocities, as people’s memories are dulled with lie-propaganda. In fact, there is hardly any real news, only ‘fake news’ in the western mainstream media. Mr. Maduro envisions that “their” plan for Latin America is similar to what “they” did to Yugoslavia. He is probably right. All signs point into this direction.

A pact between Colombia and NATO, a so-called “Security Cooperation Agreement” was first signed in June 2013 but prepared way before. Records of first communications to this effect, by Juan Manual Santos, then President of Columbia and Peace Laureate in 2016 for his traitorous Peace Agreement between the Colombian Government and FARC (vaya-vaya! Doesn’t this speak volumes by itself?), can be traced back to early 2012.

President Hugo Chavez was the first one to warn his Latin American partners of the imminent clandestine infiltration of NATO into South America. Nobody listened. Today it’s a fact, too late to fight against. NATO troops are occupying gradually all seven American military bases in Colombia. They are just simply converting from US to NATO bases – sounds more palatable than US bases – for sure. In the minds of unfortunately still most uninformed or mal-informed people, NATO stands for security. NATO – the North Atlantic Treaty Organization – in South America. What an oxymoron! Well, it is the same ‘security’ farce as is NATO in Afghanistan and bombing the Middle East.

Venezuela is full with Fifth Columnists. They are the ones that facilitate the highly speculative and inflationary manipulation from Miami of the black-market US dollar rate in the streets of Caracas; they are the ones that emulate the food shortages in Chile 1973, successfully disappearing duly paid-for imported merchandise, mostly food and medical supplies, ending up as smuggle-ware in Colombia, leaving empty supermarket shelves in Venezuela. All meant to instigate people to stand up against their government.

So far, this strategy has failed bitterly. On 20 May 2018, President Maduro has been overwhelmingly re-elected, under the most internationally observed elections the world has ever experienced, and the result was “the cleanest, most democratic elections we have witnessed in our history of worldwide 92 election observations”. So said the US-based Carter Institute.

Yet, the Fifth Columnists are relentless. Worldwide. They are immersed in the government apparatus, institutions, military, police – even Parliament and very important in the financial system, possible in the central bank. They “allow”, or rather promote, the manipulation of the US-dollar black market, causing sky-rocketing inflation and lack of food and medicine on supermarket shelves. They disrupt electricity, internet and water services. The approach is similar in every country that refuses to bend to the empire’s dictate. In Russia, Iran, China, Syria, South Sudan, possibly even in Cuba they are in control of the financial system – that’s also how they are easily being financed, through the dollar-based monetary fraud of the west, to which most countries still have some links – fortunately every day less.

Take Russia, the Central Bank is still largely run by the Fifth Columnists, whose ‘chief’ is Putin’s just recently re-appointed Prime-Minister, Dmitry Medvedev, an arch-Atlantist. The structure of the Russian Central Bank is even today mainly a remnant of the Russian Reserve Bank, designed by the FED after the collapse of the Soviet Union, with the help of the UN-masked Bretton Woods crooks, the IMF, World Bank.

Similarly, part of the masked international promoters of instability, are the Bretton Woods regional associates, the so-called regional development banks, the Inter-American Development Bank (IDB), the Asian Development Bank (ADB), African Development Bank (AfDB) and their sub-regional cohorts. In the nineties, the Gang was joined by WTO (the World Trade Organization). And here they are, the world’s three most hated international UN-backed financial and trade organizations, IMF, World Bank and WTO. All three are promoting fundamentalist “free-marketeering” across the globe, especially throughout the southern hemisphere (though Greece and southern Europe do not escape), indebting and enslaving countries to the western corporate oligarchs. All well-structured to control the world’s financial system – so as to march towards world hegemony of a One World Global Economy. We are almost there, though not quite yet. There is always hope. Man’s last shred to hang on to life is HOPE. And only Man can translate hope into reality. So, as long as we have life, it’s not too late.

Why is it so difficult, say, impossible to get rid of them, the Fifth Columnists, the vermin of any unaligned political system? Why did President Putin re-assign Medvedev as his PM?  Mr. Putin knows that he supports a network of Atlantist oligarchs that seek nothing more than to ‘putsch’ him, Mr. Putin, and ultimately to destroy the rather egalitarian, though capitalist-based, economic system Russia has enjoyed for the last almost 20 years, becoming self-sufficient in agriculture, food, industry, high-tech science, pharmaceuticals. Russia has developed herself into an exemplary “Resistance Economy”, ready to be emulated by any western-named ‘rogue’ state that is sick and tired of the Empires boots and bombs and forced ‘democracies’ through ‘regime change’.

There are many western countries that just wait for a leader, one that moves head-on. Russia, China, Venezuela, Iran, Cuba, are shining examples. They are gradually escaping the yoke of the dollar-dominated western economy.

So, why are countries like Russia, Iran and maybe Venezuela afraid to get rid of their Fifth Columnists? For fear of a civil war, of a blood bath? Yes, we have seen the violent unrest they caused in preparation of the two major democratic elections in Venezuela in the last 12 months, the National Constituent Assembly (30 July 2017) and the Presidential Elections on 20 May 2018, when altogether close to 200 people died. The media immediately blamed the death on police and military oppression and violence but the only armed protesters were those armed and funded by Washington, and responsible for more than 80% of the death. Chavistas cheered for their Government with their bare fists.

The question remains in the room – why does Mr. Putin not get rid of them, the Fifth Columnists?  Would they cause a civil war?   It seems to me they wouldn’t have sufficient supporters in Russia, but they could disrupt the internal economy, as the Russian internal financial systems, especially private banking, is still in the hands of these Atlantists. They are also in China, but it appears that President Xi Jinping has better control of them.

How about Iran? Why are they still able to hold on to and fight for ‘western deals’; i.e., the upholding of the Nuclear Deal that Trump has stepped out from and now is sanctioning Iran ‘with the most severe sanctions the world has ever seen’, sounding similar to what he said to Mr. Kim Jong-un, the ‘Little Rocket Man’, with whom Trump then made peace a few weeks later?  Or something like it. One never knows with the Donald what the meaning of Trump’s trumpeting is, other than screwing up alliances and creating physical and sociopsychological chaos. He is also threatening European corporations, mostly oil companies, with heavy sanctions if they dare maintain their contracts with Iran.

Many cave in. Among them, the French-UK owned Total, Italy’s Eni and Saras, Spain’s Repsol and Greece’s Hellenic Petroleum. In the case of Total, according to the director of the Venezuelan branch, instead of filling their contracts with US-“fracking” oil, as Trump would expect, they are negotiating with Russia, to fulfill their obligations in Europe and elsewhere. “We cannot trust Brussels to fend for us, therefore we have to fend for ourselves”, the Total representative said.

Iran doesn’t really need the Europeans to buy their oil. Europe constitutes only about 20% of the Iranian hydrocarbon market – an amount easily taken up by China. The same with other European corporations that may choose similar ways of self-protection – cutting ties with Iran – like the Peugeot-Citroen automobile giant. Iran doesn’t need them. That these sanctions and EU corporate reactions to the US sanctions, are causing hardship and unemployment in Iran is just western propaganda, a vast exaggeration, at worst a temporary affair. As Mr. Rouhani said, we might go through a short period of difficulties but will recover rapidly by becoming self-sufficient. And that’s true. Iran is well embarked on their “Economy of Resistance”, aiming at self-sufficiency through import-substitution and orienting themselves towards eastern markets.

In fact, Iran is already part of the Eurasian Economic Community and will soon become a full-fledged member of the Shanghai Cooperation Organization (SCO).  So why can Iran not get rid of their Fifth Columnists? This is a question I can only answer with “fear from bloody civil unrest, prompting possibly western military intervention”.

Back to Venezuela, it could be similar fears that prevent the Maduro Government from taking drastic actions, like declaring a temporary state of emergency and drastic measures of de-dollarization to stop inflation and speculation, and strengthen the local currency, the Bolivar, by backing it with their internationally accepted cryptocurrency, the Petro.

On 20 May 2018, six million Venezuelan’s mostly Chavistas, voted overwhelmingly for President Maduro and his Government, a 68% majority, representing a solid block of people supporters. If you have the choice between an artificially made-to-starve population and a crumbling what used to be a solid block of 6 million Chavistas behind you but gradually disappearing because of lacking actions by the government, what do you do? Perhaps the only way is to economically isolate the Fifth Columnists or Atlantists, despite their apparent control of the economic system. What Atlantists are actually controlling is the dollar-based economy. Quitting the dollar-base, they may become rather powerless.

Venezuela faces a dire dilemma: Die or be killed. Venezuela has already started moving out of the dilemma, with the creation of the totally dollar-detached Petro, the government controlled blockchain currency based on hydrocarbons and precious minerals. Today, Venezuela imports about 70% of their food, and guess from where?  You guessed right – from the US of A. Thus, de-dollarization at first sight is a challenge.

Therefore, a massive diversification of imports, and efforts to become food self-sufficient, is in the order. Venezuela has the agricultural potential to become 100% food self-sufficient. In the meantime, Russia, China and other Eurasian countries will substitute. Venezuela may apply for SCO membership. Why not? After all, China has already about 50 billion dollars’ worth of investments in Venezuela, mostly in hydrocarbons, and just declared making another 5-billion-dollar equivalent loan to refurbish the Venezuelan petrol industry. China and Russia have big stakes in Venezuela, an excellent defense strategy. Now, Venezuela’s membership in the SCO would be another big step away from the dollar economy.

The Balkanization of Latin America is already happening. When Mr. Maduro referred to the 7 US bases in neighboring Colombia, aka, now NATO bases, with a porous 1,500 km (out of a total of 2,000 km) uncontrollable jungle border with Venezuela, and even open and welcoming borders with Peru, Ecuador and Brazil, he said it all. It will be easy to suffocate any uprising – NATO will do it, by now the generally accepted world police, as generally accepted as the recently intact, totally unelected and self-appointed world government, the G7. They are now crumbling, thank heaven for Mr. Trump’s egocentric pathology, his “Let’s make America Great Again”; and thanks to Mr. Putin’s non-intervening but strategic sideline observance.

Will Trump continue to provide majority support for NATO? He recently warned the Europeans to contribute their share; i.e., increasing their NATO contribution to 2% of their GDP – or else. Well, what is “else”?  Reducing NATO, an enormous cost to the US?  And counting on the CIA-trained and NED-funded destabilizing insurgents (NED = National Endowment for Democracy, a state department financed “regime change’ and “democratization” NGO) throughout the world? Insurgents in alliance with the local Atlantists? Will this be enough in a rapidly changing international monetary and payment system?

The US scheme for Balkanizing Latin America, and by extension the world, is as porous as the 1,500 km long tropical forest border between Colombia and Venezuela. The hegemony of the dollar-economy hangs in the balance. Only drastic actions by victimized but courageous countries, like Venezuela, Iran and Russia can break the balance and destroy the western monetary hegemony.

Venezuela: Towards an Economy of Resistance

The Government of Venezuela called an international Presidential Economic Advisory Commission, 14-16 June, 2018 to debate the current foreign injected economic disturbances and seeking solutions to overcome them. I was privileged and honored to be part of this commission. Venezuela is literally being strangled by economic sanctions, by infiltrated elements of unrest, foreign trained opposition leaders, trained to disrupt distribution of food, pharmaceutical and medical equipment. Much of the training and disturbance in the country is financed by the National Endowment for Democracy (NED), an “NGO” that receives hundreds of millions of dollars from the State Department to “spread democracy” and provoke “regime change” around the world, by boycotting and undermining the democratic processes of sovereign nations that refuse to bend under the yoke of the empire and its ‘allies’ — meaning vassals, afraid to stand up for inherent human values, and instead dance spinelessly to the tune of the murderous North American regime and its handlers.

Imagine, Venezuela has by far the world’s largest known reserves in hydrocarbon under her territory. more than 300 billion barrels of petrol, vs. 266 billion barrels, the second largest, of Saudi Arabia. Venezuela is a neighbor, just across the Caribbean, of the United States’ arsenal of refineries in Texas. It takes about 3 to 4 days shipping time from Venezuela to the Texan refineries, as compared to 40-45 days from the Gulf States, from where the US imports about 60% of its oil to be shipped through the high-risk Iran controlled Strait of Hormuz. And on top of this, Venezuela, is a socialist country defending the rights of the working class, fostering solidarity, human rights and sheer human values, so close to the borders of an abject neoliberal and increasing militarized greed-driven dictatorship, pretending untouchable ‘exceptionalism’. Daring to stand up against the threats of boots and bombs from the North, is simply intolerable for Washington.

A real foreign imposed economic crisis is in full swing. Venezuela’s black money market is manipulated by Twitter mainly from Miami and occasionally corrected from Colombia, depending on the availability from Venezuela stolen contraband, offered to better-off cross-border customers. This is missing merchandise on Venezuela’s supermarket shelves. It’s imported merchandise – mostly food and medical supplies – fully paid by the government. This has nothing to do with Venezuela being broke and unable of paying for needed imports. The media which propagate such slander are criminal liars, typical for western “journalism”. It is merchandise stolen, captured at the ports of entry by US trained gangs and deviated as smuggle-ware mostly to Colombia, the new NATO country. The scheme is a carbon copy of what happened in 1973 in Chile, orchestrated by the CIA to bring the Allende Government to fall. People have a short memory – or they like to forget – to keep implementing their disastrous neoliberal agenda.

The big difference though is that Chile’s socialist government was then barely 3 years old, whereas Hugo Chavez, who brought and solidified socialism to Venezuela, was elected in 1998, some 20 years ago. Chavismo has survived relentless attacks, including the Washington induced failed coup on 11 April 2002. A month ago, on 20 May 2018, Presinet Nicolas Maduro was overwhelmingly re-elected with 68% – with a solid block of 6 million Venezuelans, who withstood constant attacks, physical violence, foreign induced slander propaganda, empty supermarket shelves, at times sky-rocketing inflation. But this solid socialism is a basis the empire cannot so easily sway its way.

However, Venezuela is in a State of Emergency. A State of Emergency, exacerbated by NATO newly stationed on 7 US military bases throughout Colombia, and by a 2,200 km border with Venezuela, of which about 1,500 km is a porous jungle, difficult to control. Accordingly, State of Emergency measures ought to be taken. Fast. Among them: de-dollarization of Venezuela’s economy, diversification of imports and an ardent strive towards food autonomy, as well as import-substituting industrial, pharmaceutical and medical production. Today, Venezuela imports about 70% of her food, though the country has the capacity, arable land and human resources-wise, to become self-sufficient.

As Mr. Putin said already two years ago, the sanctions were the best thing that happened to Russia since the fall of the Soviet Union. It forced the new Russia to reorganize her agricultural sector, as well as to rebuilding her defunct industrial arsenal and become a scientific vanguard, all of which has happened since 2000 under the leadership of President Putin. For the last three years, Russia has been the world’s largest wheat exporter and has one of the world’s most modern industrial parks, and cutting edge scientific learning and development institutions.

Venezuela has similar potentials. Venezuela also has solid allies in Russia, China and Iran – and indeed in the entire Shanghai Cooperation Organization (SCO), an association of currently 8 members, including China, Russia and India, comprising close to half the globe’s population with one-third of the global GDP. Venezuela has already started decoupling from the dollar, by launching the world’s first government owned and controlled cryptocurrency, the hydrocarbon and mineral backed Petro which has already been accepted internationally — foremost by China, Russia, Turkey and the Eurozone.

Despite the Yankee boot on her neck, Venezuela has demonstrated the audacity to launch a dollar-independent incorruptible cryptocurrency that is slated to become a new world reserve currency, especially as other countries are having similar plans; i.e., Iran, Russia, China, India, to name just a few, and as the dollar is rapidly losing ground as the world’s major reserve asset. In the last 20 years the dollar has lost from a worldwide 90% reserve-security to less than 60% today, a trend that continues, especially as hydrocarbon trade is increasingly detached from the dollar and carried out in local currencies, gold-convertible Chinese yuan, rubles and now also the Venezuelan Petro.

This is a heavy blow to the dollar. Though, it isn’t enough. As long as the dollar is still a major player in Venezuela’s economy, the battle and related hardship goes on. Radical measures are in order. This is all the more difficult, since Venezuela, like Russia, Iran and most other non-obedient countries, are heavily infested with disastrous and destructive Fifth Column elements which are primarily controlling or manipulating the financial sectors. But the east is full with successful examples on how to detach from the fraud and greed-driven western monetary system. It is a simple model of “Resistance Economy” — local production for local markets with local money through local public banks that work for the local economy. China followed this example until she reached food- health- education and shelter self-sufficiency around the mid-1980s, when Beijing started opening up to the world, including the west, but with primary trade focus on ‘friendly’ nations. The Russian example is mentioned above, and Iran is now following her own track of “Resistance Economy”.

An Economy of Resistance is also applicable for Venezuela. It is a matter of urgency and a question of political will and perseverance. President Maduro, his Cabinet, as well as the solid and broad-based socialism in solidarity of over 6 million citizens will prevail.

Venezuela: Vanguard of a New World

Venezuela is a champion in democracy, in democratic elections, as proven twice within the last twelve months and more than a dozen times since 1999. Never mind that the lunatic west doesn’t want to accept it simply because the west – the US and her handlers – and her European vassals, cannot tolerate a socialist country prospering, one that is so close to the empire’s border and on top of it, loaded with natural riches, like oil and minerals. Venezuela’s economic success could send intellectual “left-wing” shock waves to the dumbed and numbed American populace, with shrapnel ricocheting all the way to blindfolded Europe.

That would be terrible. That’s why Venezuela must be economically strangled, literally, by illegal sanctions, by totally unlawful outside interventions within sovereign Venezuela, by corrupting internal food and medicine distribution, literally buying off bus drivers to stay home rather than driving their assigned routes to take people from home to work and vice-versa; and corrupting truck drivers not to deliver the merchandise, so that supermarket shelves are empty. They can be photographed, to make the world believe that Venezuela is at the brink of collapse. Those who are not too young may recall exactly the same pattern of outside (CIA) interference on the Chilean system in 1973, leading up to the CIA instigated coup that killed the democratically elected President, Salvador Allende and put hard-core neonazi Augusto Pinochet in power. Outside interference, CIA and other State Department funded secret services, was also widely responsible for trying boycotting and influencing the Venezuelan democratic election process. To no avail. They did not succeed.

A similar situation exists with Iran, a mighty powerful nation with a high level of intellect, research, industrial and agricultural potential and – foremost – with a collective mindset that does not want to be trampled by the west, let alone by Washington. Iran is the leader in the Middle East and eventually will be the pillar of stability of the region. No Israel Government would dare to mess with Iran. Netanyahu’s threats are just empty saber-rattling. Iran has also strong and reliable allies, like China and Russia. China is buying the bulk of Iran’s hydrocarbon production and would not stand idle in an Israel-US confrontation with Iran. Hence, Iran doesn’t need to submit to the dictate of Washington. Iran is a sovereign nation, having already embarked on a path of ‘Resistance Economy’, meaning, a gradual decoupling from the western fraudulent dollar-based monetary system. Iran is considering launching a government-owned and managed cryptocurrency which would be immune from western sanctions – same as is the Venezuelan oil-backed Petro.

If Venezuela was allowed by the west to prosper, the people of North America could wake up. And, for example, demand explanations why their government is actually so undemocratic as to interfering in other countries affairs around the world, overthrowing other sovereign governments – killing millions, who do not want to bend to the rules of the US dictator; and at home planting fear through false flags and staged terror acts; i.e., multiple school shootings, sidewalk car rampages (Manhattan) and Marathon bomb attacks (Boston).

Never mind whether the US Presidents behind such terror are called Trump, Obama, Bush, or Clinton – and the list doesn’t end there. One could go way back to find the same pattern of attempted submission through fear, propaganda, acts of terror. They are all pursuing the same sinister agenda, world hegemony at any price.

Venezuela – and Iran for that matter – are in a totally different league. Venezuela voted on 29 July 2017 for the National Constituent Assembly, an elaborate, transparent process to establish a true People’s Parliament. The idea is brilliant, but was, of course, condemned by the west as fraud – because the reigning elite of the west could and will not allow the people to be in power.

When Iran’s President Rouhani was re-elected in May 2017, Washington was happy, believing Rouhani would bend to the rules of the west. He didn’t. In fact, he stood his course, though trying to maintain friendly – and business – relations with the west, but at Iran’s terms. As this doesn’t seem to be possible, specially after Trump’s unilateral stepping out of the Joint Comprehensive Plan of Action (JCPOA), also called the Nuclear Deal, and re-imposing “the strongest sanctions the world has ever seen”, what is there left, other than decisively detaching from the west and joining the eastern alliances, the Eurasian Economic Union (EEU), the Shanghai Cooperation Organization (SCO). This is precisely what Venezuela is doing, calling her losses, but moving on to more friendly pastures – and to certainly a more prosperous future.

Western parliaments have become smoke screens for hiding financial dictatorships, and lately worse, police and military oppression for fear people might stand up — which they actually do, right now in France against Macron’s new labor law, intent of stripping workers of their benefits acquired through decades of hard work. Basically, since last February, people take to the streets of Paris, fearless, despite France being the most militarized country of Europe. They are exposed to tear gas, water cannons and rubber bullets, but do not give up defending not only their labor rights but also defending theirs and the peoples of France’s democratic right of freedom of expression which in most EU countries has died a silent death.

On 20 May 2018 Venezuela held another peaceful and absolutely democratic Presidential Elections, witnessed by international observers from more than 40 countries, including former President of Ecuador, Rafael Correa, and former President of Spain, José Luis Zapatero. They all have confirmed the transparency of the Venezuelan electoral system and called upon the international community to respect the election results. Indeed, the United States as well as Europe could learn a lot from the Venezuelan electoral process and from Venezuelan democracy.

Washington, its European Union vassals and the Organization of American States (OAS), again – what else – condemned the elections as a fraud before they actually took place, urging President Maduro to cancel them (what an abject arrogance!). Similarly, the so-called Lima Group – a collective of 14 Latin American nations – has accused the Maduro Administration of manipulating the elections, declaring the results “illegitimate, also before the ballots were cast. But former U.S. President Jimmy Carter, founder of the Carter Center, said: “Of the 92 elections that we’ve monitored, I would say that the election process in Venezuela is the best in the world.”

Zapatero said at a press conference that the EU, who was invited directly by President Nicolas Maduro to join international election observers, didn’t send delegations because of “prejudice”. Zapatero said, “There is prejudice, and life and political experience consists of banishing prejudices and getting to know the truth firsthand.” He also pointed to the OAS’s double standards against Venezuela: “What are they saying about what’s happening in Brazil and Honduras?” – And allow me to add, “and currently in Nicaragua”?

Correa doubled up, saying, “No one can question the Venezuelan elections… in the world there is no election as monitored as Venezuelan elections.” – The absolute correctness of the Venezuelan election was further confirmed by CEELA, the Latin American Council on Electoral Experts. Mr. Moscoso, the head of CEELA, stated that the CEELA delegation has met with experts and candidates ahead of last Sunday’s [20 May 2018] elections and confirmed “harmony in the electoral process.”

There is no doubt by any member of the high-powered and professional electoral observation delegations that the Venezuelan elections were correct and that Nicolas Maduro has legitimately been re-elected with 68% of the votes for the next 6 years – 2019 to 2025. The “low” turn-out of 54% is blamed by the west on Venezuela for barring the opposition candidates and opposition parties from voting. In fact, the turn-out is “low”, because of the west (EU and US) instigating the opposition to boycotting the elections. Under these circumstances, 54% is a great turnout, especially when compared to the only slightly higher numbers – 55.7% – of   Americans who went to the polls in 2016, when Trump was elected; and 58% in 2012, for Obama’s second term.

It is actually a horrendous shame that we, independent journalists and geopolitical analysts, have to spend time defending the transparency and correctness of the Venezuelan elections and democratic system – the best in the world – in the face of governments where fraud and lies are on their every-day menu and where initiation of conflict and wars – mass killings – is their bread and butter. Yes, bread and butter, because the economy of the United States could not survive without war, and the elite puppets in Europe might be trampled to mulch, if they had not become militarized oppressive police states.

That’s the state of the neoliberal/neofascist world of the 21st Century – defending the honest and correct from accusations by the criminal lying hooligans – is what the west has become, a bunch of mafia states without ethics, where laws are made by white collard criminals for their corporate dominated governments.

There are other reasons why Venezuela has become a vanguard of a new emerging world – a world that is separating itself gradually from the west. Other than China and Russia, Venezuela is among the first countries to abandon the US dollar as trading currency. Caracas has been selling its hydrocarbons to China for gold-convertible Yuan. Venezuela is also the world’s first country to introduce a government controlled, petrol backed cryptocurrency, the Petro which will soon be enhanced by the Petro-Oro, another government-controlled cryptocurrency, based on gold and other minerals.

None of the other privately launched block chain currencies, like Bitcoin, Ethereum, Litecoin, Monero, Ripplel, and literally more than 3,000 digital blockchain currencies, have any backing. They can be considered similar to fiat money, highly speculative, lending themselves to money-laundering and other fraud.

When the Petro was launched in March 2018 it attracted presale interests from 133 countries of US$ 5 billion equivalent. The first day presale raised US$ 735 equivalent; impressive record figures indicating a huge interest of the world at large to find an alternative to the US currency dominated western monetary system – the one and only tailored to hand out sanctions, block international monetary transfers and confiscate foreign funds abroad. And this is because all international dollar transactions have to transit through a US bank either in London or in New York.

Without divulging many details about the Petro – for good reasons – President Maduro has praised the Petro as a key weapon in his fight against what he describes as an “economic war” led by the United States. The oil-backed digital cryptocurrency is convertible into: yuan, rubles, Turkish liras and euro – all of which is indicative that the world wants an alternative – and Venezuela has initiated this alternative.

In the meantime, Russia and Iran have also announced the introduction of a government-owned cryptocurrency. They are formidable shields against US-dollar intrusion and interference. Government-owned and managed cryptocurrencies are, in fact, master tools for an approach of “Economic Resistance” against economic sanctions. Russia is way ahead of the pack. As President Putin said already two years ago, the sanctions were the best thing that could have happened to Russia, which was economically devastated after the collapse of the Soviet Union. Sanctions allowed Russia to promote self-sufficiency, rebuild agriculture and her outdated industrial park, put new energy and savvy into research and development, and actually become in the last three years the world’s first wheat exporter.

Similar approaches are already happening large-scale by other nations, subject to Washington’s sanctions regime; i.e., Iran, Cuba, North Korea and, of course, China. Independence from the western economy also means moving away from globalization and especially the globalized US-dollar hegemony. Venezuela is the vanguard of a slowly growing movement of countries that have already abandoned the use of the US-dollar for international trade, like India, Pakistan, Iran. This growing trend may become a groundswell of independent nations, that may bring the US economy to its knees. It is a war without aggression, but with alternatives for circumventing economic hostilities from Washington, from the US led attempts to subjugate the world to the dollar dictate; i.e., to US-dollar hegemony. The resistance movement shall overcome.

First published in New Eastern Outlook (NEO)

The Venezuelan “Petro”: Towards a New World Reserve Currency?

Imagine an international currency backed by energy? By a raw material that the entire world needs, not gold – which has hardly any productive use, but whose value is mostly speculative – not hot air like the US dollar. Not fiat money like the US-dollar and the Euro largely made by private banks without any economic substance whatsoever, and which are coercive. But a currency based on the very source for economic output – energy.

On February 20, 2018, Venezuela has launched the “Petro” (PTR), a government-made and controlled cryptocurrency, based on Venezuela’s huge petrol reserves of about 301 billion barrels of petrol. The Petro’s value will fluctuate with the market price of petrol, currently around US $61 per barrel of crude. The Petro was essentially created to avoid and circumvent illegal US sanctions, dollar blockades, confiscations of assets abroad, as well as to escape illegal manipulations from Florida of the Bolivarian Republic’s local currency, the Bolívar, via the black-market dollars flooding Venezuela; and, not least, to trade internationally in a non-US-dollar linked currency. The Petro is a largely government controlled blockchain currency, totally outside the reach of the US Federal Reserve (FED) and Wall Street – and it is based on the value of the world’s key energy, hydrocarbons, of which Venezuela has the globe’s largest proven reserves.

In a first batch Venezuela released 100 million Petros, backed by 5.342 billion barrels of crude from the Ayacucho oil fields of Orinoco; a mere 5% of total proven Venezuelan reserves. Of the 100 million, 82.4% will be offered to the market in two stages, an initial private Pre-Sale of 38.4% of so-called non-minable ‘tokens’, followed by a public offering of 44% of the cryptomoney. The remaining 17.6 million are reserved for the government; i.e., the Venezuelan Authority for Cryptomoney and Related Activities, SUPCACVEN.

When launching the currency, on 20 February 2018, Vice-president Tareck El Aissami declared:

Today, the Petro was born and we will formally launch the initial pre-sale of the Venezuelan Petro. Venezuela has placed herself in the vanguard of the future. Today is a historic day. Venezuela is the first nation to launch a cryptomoney, entirely backed by her reserves and her natural riches.

President Maduro has later affirmed that his country has already entered contracts with important trading partners and the world’s major blockchain currencies.

Can you imagine what this means? It sets a new paradigm for international trade, for safe payment systems that cannot be tampered with by the FED, Wall Street, SWIFT, New York courts, and other Washington puppets, like the European Central Bank (ECB), the unelected European Commission (EC) and other EU-associated Brussels institutions. It will allow economic development outside illegal ‘sanctions’. The Petro is a shining light for new found freedom from a hegemonic dollar oppression.

What is valid for Venezuela can be valid for other countries eager to detach from the tyrannical Anglo-Zion financial system. Imagine, other countries following Venezuela’s example, other energy producers, many if not most of whom would be happy to get out from under the Yankee’s boots of blood dollars inundating the world thanks to uncountable wars and conflicts they finance – and millions of innocent people they help kill.

Rumors have it, that in a last-ditch effort to salvage the faltering dollar, the FED might order the IMF to revert to some kind of a gold standard, blood-stained gold. Of the 2,300 to 3,400 tons of gold mined every year around the globe, it is estimated that about a quarter to a third is illegally begotten, so called ‘blood’ gold, extracted under the most horrendous conditions of violence, murder, opaque mafia-type living (and dying) conditions, child labor, sexual enslavement of women, many of whom way under-age, abject poisoning of humans with heavy metals, mercury, cyanite, arsenic and more, contamination of surface and underground water ways, vast illegal deforestation of tropical rain forests – and more. That’s the legacy of gold, the MSM, of course, doesn’t talk about.

That’s what the west based its monetary system on until 1971, when Nixon decided to replace gold with the fiat dollar which then became de facto the world’s major reserve currency, albeit declining rapidly over the last twenty years. In desperation, Washington might want to apply another gold-based international norm to salvage the faltering dollar. Of course, a norm designed to favor the US, with the rest of the western and developing world destined to absorb the astronomical US debt.

Since the world’s major goldmining corporation and the illegal gold-digging mafia networks work hand-in-hand, smuggled gold works its way intricately into the dominium of shady traders, many of whom also deal with so-called white gold (drug powder), washing gold and drug-money simultaneously, thereby confounding and obscuring the origins of either. Eventually this illegal gold is purchased by major gold mining or refining corporations mixed with ‘legal’ gold, so that the illegal portion is no longer traceable.

Therefore, every ounce of gold that would back our money, the purchases of our livelihoods would be smeared in blood, in children’s abuse and death, in murdered and enslaved women and men, in poisoned water ways and in a contaminated environment. But the world wouldn’t go for it. No more. There are healthier and more transparent physical assets to back up international currencies, i.e. the Petro, backed by energy. Though not free from socio-environmental damage, petrol-energy may gradually convert into alternative sources of energy, like solar, wind and aquatic power or a combination of all of them.

What the world is to aim for is a monetary system based on each nation’s or group of nations or societies economic output. Today it’s the other way around – it’s the fiat money, designed by the Anglo-Zionist masters of finance, that defines economies. Thus, economies in our western world are prone to be manipulated by the rulers and their institutions – FED, IMF, World Bank, World Trade Organization (WTO) – that support the debt/interest-based monetary rules. They are purposefully maneuvered into booms and busts. With every bust, more capital is transferred from the bottom to the top, from the poor to an ever-smaller elite. The energy-based Petro is a first step away from this sham.

Imagine the Petro was to become the new OPEC currency! The world would need Petros, as it used to need US dollars to buy hydrocarbon energy. But Petros are blockchain-safe, less vulnerable for manipulation. They are not coercive, they are not made for blackmailing ‘unwilling’ nations into submission; they are not tools for violence. They are instruments of equitable production and trade. They are also instruments of protection from the fiat money abuses.

Source: TeleSUR

The world’s ten largest hydrocarbon reserve holders have a capital base of 1.4 trillion barrels of crude. Not bad to start a worldwide cryptocurrency, based on energy, controlled by energy and by all those who will use energy – that might become a world reserve currency, at par with the Chinese economy and gold-backed Yuan, but much safer than the fiat currencies of the US-dollar, Euro, British Pound and Japanese Yen.

We are talking about a seismic paradigm shift. Its potential is unfathomable. The move away from the US-dollar hegemony might result in an implosion of the western monetary structure as we know it. It may stop the predator empire of the United States in its tracks, by simply decimating her economy of fraud, built on military might, exploitation and colonization of the world, on racism, and on a bulldozing scruple-less killing machine. The Petro, a secured cryptocurrency based on energy that everybody needs, might become the precursor for an international payment and trading scheme towards a more balanced and equitable approach to worldwide socio-economy development.

War Preparations Against Venezuela As Election Nears

Since we published “Regime Change Fails: Is a Military Coup or Invasion Next,” we received more information showing steps toward preparing for a potential military attack on Venezuela. Stopping this war needs to become a top priority for the peace movement.

Black Alliance for Peace (BAP) published a newsletter that reported “troubling news of an impending military assault on the sovereign nation of Venezuela by states and forces allied with the United States.” Ajamu Baraka, the director, said the US is concerned that President Maduro will win the April 22 election, which would mean six more years in office. BAP urges people to include “No War On Venezuela” in actions being planned from February 16-23 for the 115th anniversary of the United States occupying Guantanamo.

Is the Path to War Through Border Disputes?

One way to start a war would be a cross-border dispute between Venezuela and Colombia, Brazil or Guyana. On February 12, the Maritime Herald reported that Admiral Kurt Tidd, head of the US Southern Command, arrived in Colombia just two days after the US Secretary of State Rex Tillerson met with President Juan Manuel Santos as part of Tillerson’s unprecedented regime change tour. Tidd met with Colombian Defense Minister Luis Carlos Villegas and other senior officials to coordinate efforts around “regional stability” with a focus on Venezuela.

The Maritime Herald also reports US troops coming to Colombian military bases, paramilitaries coming to Colombian towns along the Venezuelan border, plans for “a joint naval force between the United States, Colombia and Mexico,” and arrival of a contingent of 415 members of the United States Air Force to Panama to create support and logistics points for the operation against Venezuela. Also important are two fast-acting US military bases installed in the communities of Vichada and Leticia, Colombia, bordering Venezuela.

Both Columbia and Brazil have deployed more troops to their borders with Venezuela. Colombian President Santos ordered “the deployment of 3000 additional security personnel to the Venezuelan border. This figure included 2,120 more soldiers.” The decision came the day before officials from the US Southern Command met in Colombia to “discuss security cooperation.” Brazil also announced plans to “double its border patrols on the Venezuelan frontier.” The excuse for these increased deployments was due to Venezuelan migrants crossing the border into Colombia and Brazil.

To calm these concerns, President Maduro called for a meeting between Venezuelan authorities and Colombia over security concerns along their border. The Colombian government estimates that 450,000 Venezuelan migrants have entered the country in the last 18 months.  Maduro said that official numbers did not equate to a “massive exodus” and reminded Colombia that during the Colombian civil war with the FARC, 5.6 million Colombians crossed the border to make Venezuela their home.

The corporate intelligence firm, Stratfor, which works closely with the US government, recently  published a report that could be laying the groundwork for a border dispute. Stratfor wrote that Brazilian intelligence officials are going to meet with Guyana’s officials to warn them that Venezuela is planning to attack Guyana. There is a long-term dispute over land between Venezuela and Guyana that is being litigated before the International Court of Justice. The report includes a questionable claim that there is an “ongoing dialogue with the Trump administration over the terms of President Nicolas Maduro and his party’s departure from power.” The reality is that President Maduro is preparing for the April election.

In response to these actions, President Maduro announced the Venezuelan armed forces will carry out military exercises on February 24 and 25 in “defense” of the nation to fine tune the movement of “tanks, missiles and helicopters as part of the nation’s defense strategy.”

Upcoming Elections in Venezuela

The opposition in Venezuela has been seeking presidential elections since 2016 when they presented a petition for the recall of President Maduro. They claimed to collect enough signatures, but there were allegations of voter fraud, including thousands of dead people’s names listed on the petitions.

Violent protests followed rejection of the petition and Henrique Capriles set a deadline for an election in November 2016, threatening larger protests. On November 1, opposition leader Henry Ramos, the head of the national assembly, announced cancellation of the protests.  The opposition still pressed for an election. The government announced a special election to be held in February or March of 2018.

Now, Foreign Minister Jorge Arreaza announced:

We have a date for the presidential election, which is the date proposed by the opposition, April 22. Furthermore, we have the electoral guarantees proposed by the opposition, so we are going to the elections and the Venezuelan people will decide their future with democracy and votes.

Officials of the Dominican Republic observers guaranteeing the legitimacy of the elections. Venezuela will invite the United Nations and others to also serve as observers. Despite this, the United States and members of the right wing Lima Group of US allies, say they will not recognize the elections.

Does the Trump Administration Want War to “Unify the Country”

President Trump’s divisive presidency has left him unpopular in the polls. Hours before his State of the Union speech, Trump told television news anchors, “I would love to be able to bring back our country into a great form of unity. Without a major event where people pull together, that’s hard to do. But I would like to do it without that major event because usually that major event is not a good thing.”

We hope President Trump is not looking at the increase in public support that President George W. Bush received after he attacked Iraq as a model for his administration. Instead, he should remember President Lyndon Johnson being driven from office after his landslide election because of the Vietnam war.

The Trump administration has failed in its attempts to instigate war with North Korea and Iran. The terrible diplomatic performance of Vice President Pence at the Olympic games, where the two Koreas began to make progress toward peace and unification, puts the US in a weaker position to threaten North Korea. President Kim invited President Moon to North Korea to continue peace talks. Now there is rising hope for an agreement between the two Koreas.

Similarly, the protests in Iran, which the US may have encouraged, fizzled. When the US brought the protests to the UN Security Council and used them to call for action against Iran, the US was isolated. Countries asked whether the UN should have taken action against the US after the protests in Ferguson over the police killing of Michael Brown. The protests also exposed massive US spending to create opposition to the government in Iran, as well as coordination with Israel.

Stopping the US Attack on Venezuela

In our last article, we indicated the reasons for the threat of a military coup and military attack were because Venezuela has the world’s largest proven oil reserves and because Venezuela has set an example of breaking from US dominance of the region and challenging capitalism.

In addition, economic sanctions have pushed Venezuela to have closer relations with Russia and China to circumvent US sanctions.  The US does not want these global rivals in what it has considered its backyard since the Monroe Doctrine.

Finally, the US is concerned with Venezuela’s new cryptocurrency, which will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion. The cryptocurrency is a bid to offset Venezuela’s deep financial crisis. This threatens US economic domination.

We must expose the reasons for increasing US aggression towards Venezuela and work to counter misinformation in the media that is attempting to build support for a military conflict with Venezuela. Here are actions you can take:

  1. Use this tool to contact your Members of Congress. Urge them to use diplomacy with Venezuela and to stop the sanctions, which are a deadly form of economic warfare. CLICK HERE TO TAKE ACTION.
  2. Share this newsletter widely in your community and through social media.
  3. Join the actions on February 23 with messages of “US out of Guantanamo” and “No war with Venezuela.”

Let’s stop this next war before it begins!

Runaway Train Towards Full Digitization of Money and Labor

The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by the bank. I asked around – there will be no more cash automats in this mall – and this pattern is repeated over and over throughout Switzerland and throughout western Europe. Cash machines gradually but ever so faster disappear, not only from shopping malls, also from street corners. Will Switzerland become the first country fully running on digital money?

This new cashless money model is progressively but brutally introduced to the Swiss and Europeans at large as they are not told what’s really happening behind the scene. If anything, the populace is being told that paying will become much easier. You just swipe your card – and bingo. No more signatures, no more looking for cash machines. Your bank account is directly charged for whatever small or large amount you are spending. And naturally and gradually a ‘small fee’ will be introduced by the banks. And you are powerless, as a cash alternative will have been wiped out.

The upwards limit of how much you may charge onto your bank account is mainly set by yourself, as long as it doesn’t exceed the banks’ tolerance. But the banks’ tolerance is generous. If you exceed your credit, the balance on your account quietly slides into the red and at the end of the month you pay a hefty interest; or interest on unpaid interest and so on. And that even though interbank interest rates are at a historic low. The Swiss Central Bank’s interest to banks, for example, is even negative; one of the few central banks in the world with negative interest, others include Japan and Denmark.

When I talked recently to the manager of a Geneva bank, he said, it’s getting much worse. ‘We are already closing all bank tellers, and so are most of the other banks’. Which means staff layoffs which, of course, makes it only selectively to the news. Bank employees and managers must pass an exam with the Swiss banking commission, for which they must study hundreds of extra hours within a few months to pass a test usually planned for weekends, so as not to infringe on the banks’ business hours. You got two chances to pass. If you fail you are out, joining the ranks of the unemployed. The trend is similar throughout Europe. The manager didn’t reveal the topic and reason behind the ‘retraining’, but it became obvious from the ensuing conversation that it had to do with the ‘cashless overtake’ of people by the banks. These are my words, but he, an insider, was as concerned as I, if not more.

Surveillance is everywhere. Now, not only our phone calls and e-mails are spied on, but our bank accounts are too. And what’s worse, with a cashless economy, our accounts are vulnerable to be invaded and robbed by the state, by thieves, by the police, by the tax authority, by any kind of authority, and, of course, by the very banks that have had your trust for all your life. Remember the ‘bail-in’, the infamous “hair-cut”, first tested in early 2013 in Cyprus? Bail-ins will become common practice for any bank that has abused its greed for profit and would go belly-up, if there wouldn’t be all those deposits from customers. Even shareholders are not safe. This has been quietly decided some two years ago, both in the US and also by the non-elected white-collar mafia, the European Commission, EC.

The point is, ‘banks über alles’ (“banks above everything”, following Hitler-Nazis’ battle cry “Deutschland Über Alles”). And which country would be better suited to introduce ‘cashless living’ than Switzerland, the epicenter – along with Wall Street – of international Zion-banking. Banks will call the shots in the future, on your personal economy and that of the state. They are globalized, following the same principles of deregulation worldwide. They are in collusion with globalized corporations. They will decide whether you eat or become enslaved. They are one of the tree major weapons of the 0.1 % to beat the 99.9% into submission. The other two at the service of the master hegemon’s Full Spectrum Dominance drive, are the war- and security industry and the ever more brazen propaganda lie-machine. Banking deregulation has become another little-propagated rule of the World Trade Organization (WTO). Countries who want to join WTO, must deregulate their banking sector, prying it open for the globalized money-sharks, the Zion-controlled banking conglomerates.

Retrenchment of personnel in the banking employment market is increasing. The news only selectively reports on it, when there are large amounts of jobs being eliminated. Statistics lie everywhere, in the EU as well as in Washington. Why scare people? They will be scared enough, when they are offered jobs at salaries on which they can barely survive. That’s happening already. It used to be a tactic applied for developing countries: Keep them enslaved by debt and low pay, so they don’t have time and energy to take to the streets to protest.  They have to look for food and work, whatever menial jobs they can get, to feed their families. It’s now hitting Europe, the West in general. Some countries way more than Switzerland.

Cashless trials are going on elsewhere, especially in Nordic countries, where selected department stores and supermarkets do no longer take cash. Another monstrous trial has been carried out in India a year ago, in the last quarter of 2016, where from one day to another 80% of the most popular money bills were eliminated, and could only be exchanged for new bills by banks and through bank accounts. And this in an almost pure cash country, where half the population has no bank account, and where remote rural areas have no banks. People were lied to so that the sudden introduction had maximum effect.

It caused massive famine and thousands of people died, as they had suddenly no acceptable cash to buy food – all instigated by the USAID Project ‘Catalyst’, in connivance with the Indian rulers and central bank. It was a trial. It was a disaster. If it works in India with 1.3 billion people, two thirds of whom live in rural areas and most of them have no bank account, the scam could be applied in any developing country. See also India – India, Death by Demonetization: “Financial Genocide”, The Crime of The Century.

What is going on in Switzerland is a trial with the high end of populations. How is the upper crust taking to such radical changes in our daily monetary routine?  So far not many protests have been noticed. There is a weak referendum being launched by a group of people who want the Swiss Central Bank be the only institution that can make money, like in the ‘olden days’. Though a very respectable idea, the referendum has no chance in today’s banking and debt-finance environment, where youth is being indoctrinated with the idea that swiping your card in front of an electronic eye is cool. Today, most money is debt-money, made by private banks, like elsewhere in Europe and the US. Worldwide banking deregulation, initiated by the Clinton Administration in the 1990s – today a rule for any member of the World Trade Organization (WTO) – has made this all possible.

Digitization and robotization is just beginning. Staffed check-out counters in supermarkets are disappearing; most of them are converted into automatic check-outs – and that happened within the last year. Where are the employees gone?  I asked an attendant who helped the customers through the self-checkout. ‘They joined the ranks of unemployed’, she said with a sad face, having lost several of her colleagues. ‘It will hit me too, as soon as they don’t need me anymore to show the customers on how to auto-pay.’

Bitcoins

Digitization also includes the cryptocurrencies, the blockchain moneys floating around – of which the most famous one is Bitcoin. It brings digitization of money to an apex. The system is complex and seems to lend itself only to ‘experts’. Cryptocurrencies are fiat money, based on nothing, not even on gold. Cryptos are electronic, invisible and highly, but highly, speculative, an invitation for gangsters and fraudsters. It looks as if cryptocurrencies were designed for crooks and speculators.

Bitcoin was allegedly invented by Satoshi Nakamoto which could be a pseudonym of a man or a group of people, suspected to live in the US. “Nakamoto’s” identity is believed to be commonwealth origin, due to the vocabulary used in his writings. One of his close associates is purportedly a Swiss coder, who is also an active member of the cryptocurrency community. He is said to have graphed the time stamp of each of Nakamoto’s more than 500 bitcoin forum posts. Such ‘forum posts’ exist in the thousands, worldwide. They form an elaborate network based on algorithms.

Bitcoin was formally created in January 2009 with a fix amount of 21 million ‘coins’, of which more than half are already in circulation, or ‘mined’ as the jargon goes, and 1 million, or about 4.75% (of the total) can be traced to Nakamoto. This, based on the current market value, corresponds to close to US$15 billion. Today’s overall Bitcoin market cap is more than US$ 315 billion. The market is highly volatile. Drastic daily fluctuations are common, especially within the last 12 months. If one of the major Bitcoin holders, like Nakamoto, would capitalize his profit by selling a big portion of his holdings, the Bitcoin price would be in free fall, functioning pretty similar to the regular stock exchange.

On 24 August 2010, when Bitcoin was first traded, its value was US$ 0.06. On 26 December 2017, the coin was worth US$ 15,770, an increase of more than 250,000%. In the last twelve months, its value increased from about US$ 800 in December 2016 to a peak of close to US$ 20,000 in mid-December 2017, an increase of nearly 2,500 %. However, in the last 7 days, after several ups and downs, the price has dropped by about US$ 680; i.e., by more about 4%, and the trend is uncertain. Perhaps a sign of quick profit-taking? This all shows how instable this cryptocurrency is, apparently much more so than trading corporate shares on the stock market. And certainly not apt as a every-day currency base.

The number of cryptocurrencies available over the internet as of 27 November 2017 is above 1300 and growing. A new cryptocurrency can be created at any time and by anybody. By market capitalization, Bitcoin is presently the largest blockchain network (database network, storing data in different publicly verifiable places), followed by Ethereum, Bitcoin Cash, Ripple and Litecoin.

Bitcoin may be the next bubble, bringing down a parallel economy which has already its fingers clawing into our regular western economy. Cryptocurrencies are officially forbidden in Russia and China, though stopping cryptocurrency dealings by individuals is hardly possible. They do not touch the traditional banking system. That’s why major banks hate them. They circumvent the banking suckers, prevent them from making ever higher profits from horrendous commissions, against which the people at large are powerless.

Here is Bitcoin’s positive side. It escapes bank and state controls. If countries’ economies were run on Bitcoins or another cryptocurrency, they would escape US sanctions which function only because western currencies are foster-children of the US-dollar, hence, subject to the dollar hegemony; meaning all international transactions have to pass through a US bank. A typical case is ‘banking blockades’, when Washington decides to stop all international transactions of a country until it submits to the wishes of the empire. It is blackmail; totally illegal, but unless there is a monetary alternative, the (western) world is subject to this system.

Argentina is a case in point. Buenos Aires was forced by a New York judge in June 2014 to pay a New York based Vulture Fund US$1.6 billion, an illegal ruling according to a UN Resolution. Argentina refused to pay, so the judge, interfering in a sovereign nation, blocked more than US$500 million of Argentina’s debt payment to creditors, bringing the country to the brink of a second bankruptcy in 13 years. Eventually, neoliberal Macri negotiated a deal with the Vultures and made a payment in excess of US$ 400 million.

This US blackmail would not have been possible had Argentina been able to make its foreign transactions in Bitcoins or another cryptocurrency. Venezuela has created the “petro”, a hydrocarbon and gold based national cryptocurrency to escape dollar-caused inflation and for some of its foreign transactions, thereby also escaping the sanctions stranglehold of Washington. Had Greek and Cyprus citizens had a cryptocurrency alternative to the euro, they would not have been subject to the cash control imposed by the European Central Bank.

On the other hand, funding of terror organizations, like ISIS, cannot be disrupted, if the terror group deals in cryptocurrencies.  This shows, for good or for bad, Bitcoins, or cryptocurrencies are for now unique in resisting censure and blackmail, or any kind of authoritarian outside interference in electronic money transactions.

Cashless Living

If Switzerland accepts the change to digital money, a country where until relatively recently most people went to pay their monthly bills in cash to the nearest post office, then we, in the western world, are on a fast track to total enslavement by the financial institutions. It goes, of course, hand-in-hand with the rest of systematic and ever faster advancing oppression and robotization of the 99.9% by the 0.1%.

We are currently at cross-roads, where we still can either decide to follow the discourse of a new electronic monetary era, with ever less to say by “We, the People” about the product of our work, our money; or whether, We, the People, will resist a banking/finance system that has full control over our financial resources, and which can literally starve us into submission or death, if we don’t behave. In order to resist we need an alternative monetary system or monetary network, away from the dollar-euro hegemony, and cryptocurrencies, as structured today, are no alternative.

All the more important is the ascent of another economy, another payment and transfer scheme which already exists in the East, the Chinese International Paymen System (CIPS), effectively a replacement of SWIFT, totally privately run and linked to the US-dollar and US banks. The world needs a multipolar currency system, based on the real economic output of a country or society, as is the case in China and Russia, not one based on fiat money as is the current western economy.

Will Switzerland, the stronghold of world finance, along with New York, London and Hong Kong, resist the temptation of increased profit, power and control, offered by digital money? We, the People, have still the chance to decide either for continuing rotting in a fraud economy, based on wars and greed for which digital money, exacerbated by cryptocurrencies, is a new tool for a new maximizing profit bonanza on the back of the common people; or do we opt for an honest future and for a life that leaves us free to take sovereign political and monetary decisions in a full cash society. For the latter we must wake up to see the propaganda fraud going on before our eyes, and to resist the robot and electronic money onslaught being unleashed on us.