Are There Good Jews, Blacks … ?

Whites who say there are good Jews, Blacks, Browns, Yellows and Reds, and who believe that Awakened Whites are wrong to focus on race, fail to understand the deeper meanings of what makes a people a people and of the ways of existence itself and about our survival as Whites.

Of course there are good individuals of every race. And, by good I mean people who are nice, polite, mind their own business and mean no one any harm.  But, being “good” is not the issue.

What non-Whites can never be is White and the issue is that our survival as Whites means we must stay White in all ways and not allow any non-White genes into our personal or collective White genome. In other words, we must not let ‘genome hackers’ hack into our White genome and turn our White family genetic programs into non-White family genetic programs, which then use our own DNA to spread their DNA to compromise more Whites.

All non-Whites can hack our White genetic program.  They simply have to mate with us. This takes 23 of our White chromosomes with about 10,000 of our White genes and combines these with 23 of their non-White chromosomes and about 10,000 of their non-White genes.  And, this means any children born of such matings will not be fully White and these children are then carriers of non-Whiteness which they spread through the White gene pool when they in turn mate, which is often with Whites who now find them more attractive due to their carrying some White genes along with their non-White genes.

To be clear, because  non-Whites can mate with Whites and because they carry non-White genes and because those non-White genes automatically compromise our White genome when non-Whites mate with us they cause us harm even if they have no evil intent.  The harm they can do to us is automatic.

This sexually transmitted ‘bedroom genocide’–compromises the White genome and turns White families into non-White families.  Just as  germs or other  organisms don’t have to have evil or harmful intent towards us but can still sicken and may ultimately kill us, so is it with non-Whites who can mate with us. Down at the end of this essay I’ve included a quote that explains this in other terms.

Whites need to understand that we, as Whites, are in a struggle for our existence as Whites and that anything that decreases the amount of the White genome in existence is not good for us personally or collectively and can lead to our extinction and absorption into non-White genomes, just as surely as modern White humans absorbed the genomes of Neanderthals in Europe and caused their extinction.  In this regard, you are probably aware that almost all Whites have a small percentage of Neanderthal DNA in us.

This struggle for existence–this competition–which is a struggle to be and to be more is found throughout nature and it exists as a necessary part of evolution.  The difference between us and so-called lower life forms is that we can understand this and see how it works and we can use our conscious minds to take the right path.

In its basic form–this competition–is not difficult to understand. It is nature constantly tinkering with life to adapt it to ever changing conditions so that some form of life–and all life carries the life force within it–will not only live in the changed conditions but will thrive and replace earlier types that are not as well adapted for those conditions. This is evolution and natural selection.

This struggle has been fought since the beginning of time and by all organisms and even by so called non-living matter and even before matter came into existence by all that underpins matter in the sub-atomic realm of existence.

The struggle permeates all of existence and we often convey this in the simplest way by saying there is only one best seat in the stadium  and everyone can’t sit in it so there is a struggle for that seat.   And, following on in this metaphorical vein we can say we see  the struggle playing out in many  cases among some organisms, including humans, in ritualistic or agonistic combat rather than in actual physical fighting for that best seat.

In this case, it is the one who is able and willing to pay for that best seat in the stadium who gets it.  In our real world human struggle, however, it is a struggle to the death (often unconscious) between different races  to rise to the top  and get the best seat in existence.

In Europe, Whites won the earlier competition and  got all the  seats as nature tinkered with the earliest people who were there and caused them to adapt to a less sunny area than further south and this led to white skin that could more easily make Vitamin D in such conditions.  And, in time it led to lighter eyes and hair and various other features that we now see as common among White people.  And, the further north one goes, the more pronounced are these white features usually found.

But, evolution never stops and  we can never say that this  or that White type is the end all and be all of Whites even though we do believe there is an ideal White type which we see in the best of our kind.  However, if the so-called best of our White kind don’t make more like themselves so that they fill the planet with their kind they will be replaced by others who do.  And, this leads to the dictum that if you don’t breed or if you don’t breed pure White, you will go extinct. Nature doesn’t care if you live or die, you have to care.

We cannot coexist complacently with those whose genes can harm us and wipe us out.  Our struggle is to remain White and to evolve White to become the dominant human type.  We have reached a point in our evolution where we must take over from the blind workings of nature and consciously seek to evolve along a White trajectory.  The most basic things we can do are to avoid miscegenation and to increase the number of pure White children we have.

And, the struggle is the same for all non-Whites and their genomes. Again, nature doesn’t care who wins. It is blind. One struggles, competes and wins or one loses. It is up to us to make sure we win.

http://www.westernspring.co.uk/are-there-good-jews-blacks/

Human Civilization Depends on Us Winning.

Poverty in America Documentary 2017 – Its ONLY going to get worse.

Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?

http://theeconomiccollapseblog.com/archives/debt-nightmare-does-anyone-actually-care-about-our-exploding-national-debt-these-days

When will America finally wake up?  The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.  We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more than 100 million dollars to our debt load every single hour of every single day.  The national debt is sitting at a grand total of $20,162,176,797,904.13 at this moment, but now that the debt ceiling has been lifted that number is expected to shoot up very rapidly toward 21 trillion dollars by the end of the year.  The national debt had been held down by accounting tricks to keep it under the debt limit for many months, but every time this has happened before we have seen the national debt absolutely explode back to projected levels once the debt ceiling was raised.

But very few of our “leaders” in Washington seem to care that we are in the process of committing national suicide.  There is no possible way that we will be able to continue to be the most powerful economy on the planet if we continue down this road.  During Obama’s eight years in the White House, we added more than 9 trillion dollars to the national debt.  That certainly improved things in the short-term, because if we could go back and take 9 trillion dollars out of the economy over the past 8 years we would be in an absolutely nightmarish economic depression right now.

But even with all of this borrowing and spending, our economy has still only grown at an average rate of just 1.33 percent a year over the last 10 years.

And by going into so much debt, we are literally destroying the future for our children and our grandchildren.

What we are doing to them is beyond criminal, and people should be going to prison over this.  But instead we just keep rewarding these Congress critters by sending the same cast of characters back to Washington over and over again.

Are we insane?

The feds are now projecting that the official yearly budget deficit will reach 1.4 trillion dollars by 2027.  Of course federal projections always end up being far more optimistic than reality.

And we are already spending about 500 billion dollars a year just on interest on the national debt, and by 2027 that number is projected to jump to 760 billion dollars a year.

This is complete and utter insanity, and yet we just can’t control ourselves.  The government continues to throw around money as if there is no tomorrow, and our tax dollars are being wasted on some of the most ridiculous things imaginable.

For instance, the U.S. military is spending 42 million dollars each year on Viagra.

We must stop this madness, and we must stop it now.  I really like how an editorial in the Houston Chronicle made this point…

Tax-and-spend politics are bad, but borrow-and-spend is worse. While we have some control over whether our lawmakers raise taxes, our children and grandchildren don’t get a vote on whether we burden them with debt.

Over the long run, huge government debt takes cash out of the economy and drives up interest rates, slowing economic growth and hurting private enterprise.

To protect the U.S. economy, Republicans need to nip plans to eliminate the debt ceiling in the bud and then get to work balancing the federal budget.

Will we ever learn?

Since the beginning of our nation, many of our most prominent statesmen have been warning about the dangers of accumulating government debt.  For example, during his farewell address President George Washington instructed the country to “avoid … the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, no throwing upon posterity the burden which we ourselves ought to bear.”

And Thomas Jefferson famously said that he wished that he could have added one more amendment to the U.S. Constitution which would have banned government borrowing…

“I wish it were possible to obtain a single amendment to our constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of it’s constitution; I mean an additional article, taking from the federal government the power of borrowing.”

This is one of the primary reasons why we must abolish the Federal Reserve system.  The Federal Reserve was actually designed to create a government debt spiral from which we could never possibly escape.  That is why the size of our national debt has gotten more than 5000 times larger since 1913, and we are never going to permanently solve our national debt problem until we get rid of the Fed.

Most Americans don’t realize this, but the path that we are currently on is not sustainable by any definition.  Debt levels are growing much, much faster than GDP, and that is a recipe for disaster.  The following is an excerpt from one of my previous articles

We are living in the greatest debt bubble in the history of the world.  In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has surpassed 41 trillion dollars.  That means that it has increased by almost 14 times since Ronald Reagan was first elected president.  I am searching for words to describe how completely and utterly insane this is, but I am coming up empty.  We are slowly but surely committing national suicide, and yet most Americans don’t even understand what is happening.

According to 720 Global, total government debt plus total personal debt in the United States was just over 3 trillion dollars in 1980.  That broke down to $38,552 per household, and that figure represented 79 percent of median household income at the time.

Today, total government debt plus total personal debt in the United States has blown past the 41 trillion dollar mark.  When you break that down, it comes to $329,961.34 per household, and that figure represents 584 percent of median household income.

Sadly, most people are entirely clueless about what we are doing to ourselves.  Investors are the most optimistic that they have been in years, and most of the talking heads on television seem to believe that the party can go on indefinitely.

But that is simply not possible.

And the same thing is true from a global perspective as well.  The following comes from Chris Martenson

First: our entire economic model, which dependent on borrowing at a faster rate than income (GDP) grows, is something that simply cannot be maintained at its current rate or level. Check.

Second: depleting species, soils and aquifers are all wildly unsustainable practices that are accelerating. Check.

Last (and most glaring of all): the world’s leadership (and we use that term very loosely) continues to insist on adhering to the indefensible idea that infinite growth on a finite planet is possible  Checkmate.

The clock is ticking, and disaster awaits at the end of this road.

 

Italy: Socialist Mayor Loves Diversity Until Her Daughter Falls in Love with “Migrant”

Diversity Macht Frei
September 20, 2017

The 32-year-old girl sent a letter to a national daily newspaper to talk about her relationship with a migrant which did not go down well with her mother: “Working among migrants … I fell in love with Jeff. When I talked to my mother about it, a person of the Left, I was disappointed with her reactions. She said I was a sick person, that the blacks deserved only pity, that she should have me arrested, that he was with me only for money.”

These words provoked reactions from some politicians, such as Cristiano Romani, from the Movimento Sovranista who targeted the Socialist mayor: “Words that shatter the veil of hypocrisy of the left and the Socialist Party which applies to the letter the philisophy of welcoming all migrants but far from their homes and, above all, with no contacts or relationships with the people they care about.”

Source

Her mother is Margherita Scarpellini, Socialist mayor of Monte San Savino.

3 Ways To Prepare For The Impending Economic Crash – Social security is welfare

Jon enjoys helping others evolve into their best selves on his blog: Masculine Development and recently launched his eBook on How to to Develop Your Masculinity.

While the media is hyping up the stock market, the real insiders know the truth: we are destined for an incredible economic collapse, the likes of which we’ve never seen before. Our debt has surpassed $20 trillion dollars, our nation is in a state of incredible polarization thanks to Marxist identity politics, and our culture is a complete cesspool of degeneracy and sexual confusion.

Some have regained their hope after President Trump was elected, and while he’s certainly doing his best to circumnavigate the globalists and their plans to destroy America from within, it’s far better to be safe than sorry. I propose that every man must prepare for the worst possible scenario, which in all likelihood, could easily happen within the next 1-2 years. Here’s four ways that you can prepare for this upcoming catastrophe.

1. Invest In Alternative Assets


Very few people know this, but I assume that most red pill men are aware that the US dollar is backed by absolutely nothing—it’s literally just a cotton-paper composite. It’s not backed by silver, it’s not backed by grain or corn, and it hasn’t been backed by gold for decades. In other words, once people realize that the jig is up, they’ll scramble to get rid of their US dollars in favor of more valuable assets.

This will be a time of massive wealth transfer, but those who prepare will make out like bandits. The two assets which I urge you to invest in are physical metals and cryptocurrencies—predominantly silver and Bitcoin. Precious metals have historically grown 10x, 20x, even 100x in value when a country’s economy collapses, so investing in silver and gold now could end up making you a very wealthy man in the next few years to come.

The demand for silver has also steadily been increasing, while the production of silver has been decreasing. It’s a precious metal needed for all sorts of computer-related purposes, and when the economy crashes, not only will it be in extremely high demand due to its intrinsic value, but tech companies will be forking over money left and right to get their hands on the stuff while they still can.

As for cryptocurrencies, I advocate the purchasing of Bitcoin. While some men have expressed concerns over the “cashless society,” I’m not too worried. I advocate using silver and cash for in-person transactions, but when it comes to the internet, bitcoin is far superior to credit card—it’s anonymous, self-regulating, and can’t be taxed or controlled by a government.

We’ve already seen bitcoin grow from less than a penny to its all time high of nearly $5,000 in just a few short years—a $13 investment in Bitcoin when it first came out would now be worth over $7 million. While some have expressed concerns over its volatility, rest assured, it will change the world. Investing in Bitcoin in 2017 is essentially like investing in Google in 2004. Men, make no mistake: this will be the single greatest investment opportunity for the next 20 years, at least.

2. Prepare Yourself Physically


If Hillary had been elected, this would have been priority number one—but thanks to the efforts of the manosphere, and various alternative media outlets, President Trump was put into office. I have great confidence that he will be able to face the threats of antifa and other Soros-funded organizations, but it’s still absolutely necessary that you prepare yourself physically in the event of a crisis.

Start with the basics like Starting Strength or Stronglifts in order to build a good foundation. Beyond this, you can upgrade to my Body of an Alpha program for a discount (since you read ROK), or maybe try a variation of the PHUL workout. Dr. Layne Norton’s PHAT is also a phenomenal advanced workout routine, although it’s very rigorous and is not recommended for beginners. Another free program that you can try is the Daniel Craig Workout, which is great for beginners to intermediate level gym goers.

If you’re trying to lose weight, consider counting your calories or going into on ketosis by following the steak and eggs diet. If you’re trying to bulk up, utilize mass gainers, complex carbohydrates, and bodybuilding supplements. It’s really not that complicated, and has already been written about before.

In addition to this, consider taking Brazilian Jiu Jitsu in addition to a striking art such as Muai Thai or boxing. Purchase some basic “bug out bag” materials, such as a tent, canned food, and a gun. While I do not believe that you will need to resort to physical combat, it could still easily happen. So far President Trump has been doing a good job of dealing with antifa and other far left terrorist organizations, but things could change in a heartbeat if our good old pals in the Bilderberg group decide to up their funding.

3. Network, Network, Network

There’s a reason why SJW’s and leftists tried so damn hard to shut down Roosh’s The State of Men tour—they understand that if men like us begin to network and organize, their anti-American agenda is toast. Liberals thrive by keeping conservatives apart from one another, and alienating us from other like-minded people. They understand that when they control the media, and make traditional men believe that they’re the only ones who think the way they do, it’s very difficult for them to take action.

As I’ve already discussed, however, there are far more men on our side than we believe—President Trump’s victory is evidence of this. Every single day I get emails from men all across the world, thanking me for writing what I write, and proclaiming their support for our traditionalist, masculine movement. Start going to activist organizations and expanding your social circle from there. Pro-Trump rallies, freedom of speech events, and the gym are great places to find men who you can side with.

The ROK and manosphere network is also a great one to surf through, and while it may be dangerous due to the number of SJW thought police lurking around every corner, it’ll be pretty damn hard to track you down if you use a fake name and a burner cell phone. Being a lone alpha some twenty years ago could work, but now the time has come for men to re-create their dominance hierarchies and reclaim the west.

Summary

In short, the chances of a massive economic collapse that renders our society destroyed is not extremely likely, although it’s quite plausible that it could happen within the next few years. Even if our society isn’t decimated like Venezuela or Zimbabwe, we will at least experience a massive economic crash over the next year or two. While President Trump has certainly tried his best to circumnavigate this impending doom, the globalist elites and the (((federal reserve))) are intent on destroying this country from within.

It’s incredibly important, for both you and your family’s sake, that you prepare yourself accordingly. Allocate a large portion of your investments into silver, gold, Bitcoin, and Ethereum—when the shit hits the fan, these assets will explode in value. Spend some time training, which you should already be doing. Take up classes at a local boxing gym, because even having a rudimentary knowledge of fighting will prepare you fairly well for a fight.

Lastly, start networking with other like-minded men, because they’re the ones who will truly help you out if things go south. Reach out to old friends, connect with new ones, and become active within pro-Trump circles in order to weather this upcoming storm. If you play your cards right, you could be a hell of a lot better off after it passes than before.

Nancy Pelosi Gets Shouted Down by “Dreamers” Demanding Amnesty for 11 Million Bean People

Lee Rogers
Daily Stormer
September 18, 2017

One of the things that has happened as a result of Donald Trump trying to work with some of the Democrats is that it has caused their base to go completely insane. They can’t fathom how Democrats would ever consider working with a Neo-Nazi, White supremacist like Trump.

Take in point what happened with Nancy Pelosi today. She was holding a news conference defending the Deferred Action for Childhood Arrivals program or DACA and she was met with an angry mob of anchor babies demanding amnesty for 11 million bean people.

NY Post:

Democratic Rep. Nancy Pelosi was shouted out of a news conference she was holding to defend the Deferred Action for Childhood Arrivals program on Monday by a vocal group of Dreamers who blamed Democrats for being complicit with President Trump in ending the Obama-era initiative.

Pelosi, standing behind a podium decorated with a sign that said ​#protectdreamers, said, “Make America dream again. We must strike while the iron is hot and get this done in a matter of days.”

But a group of about 30 young people descended on the large room where the House minority leader stood with other local lawmakers from the San Francisco area and began chanting slogans.

“We, the undocumented youth, will not be a marketing chip for Trump,” they recited in unison. “Democrats created an out-of-control deportation machine and handed it over to Trump. We demand accountability.”

As Pelosi stood there with her staff, the crowd of protesters closed in on her, surrounding those assembled for the news conference.

The footage is pretty funny. They completely shut her news conference down and called her a liar.

The problem the Democrats are having is that their base mostly consists of radical Communists and non-Whites. These are groups of people who can’t be reasoned with. It is dragging the party more and more towards Marxism and away from the political center. It has left longtime Democrat mainstays like Pelosi in a tough spot. There is so much hatred for Trump among their base that any attempt to work with him is seen as a massive betrayal.

As you can see in the clip, they did about Pelosi actually being a big supporter of DACA. They’re angry that she’s not pushing hard enough for amnesty and even angrier that she’s been working with Trump.

We’ll probably see more clips like this over the next year or so leading into the 2018 mid-term election. The Democrat base is completely unhinged.

The Hollywood Crash is Coming

Lots of people have been complaining about Hollywood lately but I’ve never really heard them explain how it’s worse in any way that makes sense, so I thought I’d offer a nuanced explanation of where the industry’s at, how it got there, and what it means for the future of movies. NOTE: If you are in Germany or the UK, I understand that you probably can’t see this video. Unfortunately I went out of town shortly after posting this and don’t have access to the video file but I will have a download link for you soon. Sorry about that.

 

PS, sorry if you prefer Let’s Watches and Let’s Plays and some of my sillier videos (aka the vast majority of my videos). This one’s more serious and a little less loose than all those, so I understand if it’s not your bag, but I hope these videos find an audience, because I enjoy making them and put effort into them. I’m gonna try to upload another Thomas video in the next couple days, so hopefully if you didn’t like this that much then that will be enough of a palate cleanser.

Suddenly, “De-Dollarization” Is A Thing

Tyler Durden's picture

Authored by John Rubino via DollarCollapse.com,

For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar.

China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.

These were challenges to the dollar’s dominance, but they weren’t mortal threats.

What’s happening lately, however, is a lot more serious.

It even has an ominous-sounding name: de-dollarization. Here’s an excerpt from a much longer article by “strategic risk consultant” F. William Engdahl:

Gold, Oil and De-Dollarization? Russia and China’s Extensive Gold Reserves, China Yuan Oil Market

(Global Research) – China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over world trade and finance. Wall Street and Washington are not amused, but they are powerless to stop it.

 

So long as Washington dirty tricks and Wall Street machinations were able to create a crisis such as they did in the Eurozone in 2010 through Greece, world trading surplus countries like China, Japan and then Russia, had no practical alternative but to buy more US Government debt—Treasury securities—with the bulk of their surplus trade dollars. Washington and Wall Street could print endless volumes of dollars backed by nothing more valuable than F-16s and Abrams tanks. China, Russia and other dollar bond holders in truth financed the US wars that were aimed at them, by buying US debt. Then they had few viable alternative options.

 

Viable Alternative Emerges

 

Now, ironically, two of the foreign economies that allowed the dollar an artificial life extension beyond 1989—Russia and China—are carefully unveiling that most feared alternative, a viable, gold-backed international currency and potentially, several similar currencies that can displace the unjust hegemonic role of the dollar today.

 

For several years both the Russian Federation and the Peoples’ Republic of China have been buying huge volumes of gold, largely to add to their central bank currency reserves which otherwise are typically in dollars or euro currencies. Until recently it was not clear quite why.

 

For several years it’s been known in gold markets that the largest buyers of physical gold were the central banks of China and of Russia. What was not so clear was how deep a strategy they had beyond simply creating trust in the currencies amid increasing economic sanctions and bellicose words of trade war out of Washington.

 

Now it’s clear why.

 

China and Russia, joined most likely by their major trading partner countries in the BRICS (Brazil, Russia, India, China, South Africa), as well as by their Eurasian partner countries of the Shanghai Cooperation Organization (SCO) are about to complete the working architecture of a new monetary alternative to a dollar world.

 

Currently, in addition to founding members China and Russia, the SCO full members include Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and most recently India and Pakistan. This is a population of well over 3 billion people, some 42% of the entire world population, coming together in a coherent, planned, peaceful economic and political cooperation.

 

Gold-Backed Silk Road

 

It’s clear that the economic diplomacy of China, as of Russia and her Eurasian Economic Union group of countries, is very much about realization of advanced high-speed rail, ports, energy infrastructure weaving together a vast new market that, within less than a decade at present pace, will overshadow any economic potentials in the debt-bloated economically stagnant OECD countries of the EU and North America.

 

What until now was vitally needed, but not clear, was a strategy to get the nations of Eurasia free from the dollar and from their vulnerability to further US Treasury sanctions and financial warfare based on their dollar dependence. This is now about to happen.

 

At the September 5 annual BRICS Summit in Xiamen, China, Russian President Putin made a simple and very clear statement of the Russian view of the present economic world. He stated, “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies.”

 

To my knowledge he has never been so explicit about currencies. Put this in context of the latest financial architecture unveiled by Beijing, and it becomes clear the world is about to enjoy new degrees of economic freedom.

 

China Yuan Oil Futures

 

According to a report in the Japan Nikkei Asian Review, China is about to launch a crude oil futures contract denominated in Chinese yuan that will be convertible into gold. This, when coupled with other moves over the past two years by China to become a viable alternative to London and New York to Shanghai, becomes really interesting.

 

China is the world’s largest importer of oil, the vast majority of it still paid in US dollars. If the new Yuan oil futures contract gains wide acceptance, it could become the most important Asia-based crude oil benchmark, given that China is the world’s biggest oil importer. That would challenge the two Wall Street-dominated oil benchmark contracts in North Sea Brent and West Texas Intermediate oil futures that until now has given Wall Street huge hidden advantages.

 

That would be one more huge manipulation lever eliminated by China and its oil partners, including very specially Russia. Introduction of an oil futures contract traded in Shanghai in Yuan, which recently gained membership in the select IMF SDR group of currencies, oil futures especially when convertible into gold, could change the geopolitical balance of power dramatically away from the Atlantic world to Eurasia.

 

In April 2016 China made a major move to become the new center for gold exchange and the world center of gold trade, physical gold. China today is the world’s largest gold producer, far ahead of fellow BRICS member South Africa, with Russia number two.

 

Now to add the new oil futures contract traded in China in Yuan with the gold backing will lead to a dramatic shift by key OPEC members, even in the Middle East, to prefer gold-backed Yuan for their oil over inflated US dollars that carry a geopolitical risk as Qatar experienced following the Trump visit to Riyadh some months ago. Notably, Russian state oil giant, Rosneft just announced that Chinese state oil company, CEFC China Energy Company Ltd. Just bought a 14% share of Rosneft from Qatar. It’s all beginning to fit together into a very coherent strategy.

Meanwhile, in Latin America:

De-Dollarization Spikes – Venezuela Stops Accepting Dollars For Oil Payments

(Zero Hedge) – Did the doomsday clock on the petrodollar (and implicitly US hegemony) just tick one more minute closer to midnight?

 

Apparently confirming what President Maduro had warned following the recent US sanctions, The Wall Street Journal reports that Venezuela has officially stopped accepting US Dollars as payment for its crude oil exports.

 

As we previously noted, Venezuelan President Nicolas Maduro said last Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week. According to Reuters, “Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar,” Maduro said in a multi-hour address to a new legislative “superbody.” He reportedly did not provide details of this new proposal.

 

Maduro hinted further that the South American country would look to using the yuan instead, among other currencies.

 

“If they pursue us with the dollar, we’ll use the Russian ruble, the yuan, yen, the Indian rupee, the euro,” Maduro also said.

 

The state oil company Petróleos de Venezuela SA, known as PdVSA, has told its private joint venture partners to open accounts in euros and to convert existing cash holdings into Europe’s main currency, said one project partner.

This first step towards one or more gold-backed Eurasian currencies certainly looks like a viable and — for a lot of big players out there — welcome addition to the global money stock.

Venezuela, meanwhile illustrates the growing perception of US weakness. It used to be that a small country refusing to take dollars could expect regime change in short order. Now, maybe not so much.

Combine the above with the emergence of bitcoin and its kin as the preferred monetary asset of techies and libertarians, and the monetary world suddenly looks downright multi-polar.

$20 Trillion: U.S. Debt Crisis | Peter Schiff and Stefan Molyneux