Are you wasting money on one of those “specialized” news sites?

Are you wasting money on one of those “specialized” news sites?

 

Don Hank

 

I recently had a complaint about a comment of mine on my private forum (applicants may apply at zoilandon@msn.com) regarding Stratfor, which I said was a propaganda outlet. A reader was very upset and said that he had worked with companies that paid money to subscribe to Stratfor for information that helped them plan economic strategy. The implication was that they could not be a propaganda outlet if serious companies paid them for hard to find information. I do want to point out that the msm are also charged with being a propaganda arm of the US government. This does not mean they are literally paid hard cash for government-favorable reporting. It goes much deeper than that. What I call “propaganda” is what we call the oficialista viewpoint here in Latin America, for example. It is a viewpoint that is inhaled with the air that people, especially journalists, breathe. Anyone expressing a contrarian viewpoint is persona non grata in government circles and risks not getting invited to official press conferences – or worse. Thus there is a constant inflow and outflow of the officialist viewpoint at outlets like Stratfor. No one has to bribe or pay them to parrot the official party line. It is in their blood stream.

The Stratfor article I was commenting on was one in which the author was fretting that Latvia had a pro-Russian political party that was rapidly growing, raising “concerns” as to what Russia might eventually do.

Of course, the real concern for those who like democratic systems would be that some tyrannical outsider might try to force Latvia to remain aligned with the West despite its desire not to – just as the East of Ukraine is being forced to go along with the wishes of Western Ukraine and the EU-US-NATO bloc. (And yet, Scotland gets to hold a referendum and no one in the Western world accuses them of illegal behavior for breaking away from a sovereign country, ie, the UK).

The Western press, whether a for-profit geopolitical analysis site like Stratfor or the msm, never misses a chance to focus on what evil deed Russia may do but almost never focuses on what might make an EU member like Latvia want spontaneously to align with Russia and eventually drop out of the EU. The real issue, left unmentioned, is not what Russia will do but the domino effect of countries like Latvia harboring anti-EU Russia-friendly parties which are growing in leaps and bounds. These include the UK, Holland and France, countries that if they should drop out – or I should say when they drop out, will completely sink the entire EU grand projet. (Don’t worry, though. Your favorite pay-to-read site will never annoy you with that piece of trivia). Once the EU falls, as it must, that will not be Russia’s fault. If Russia fills the trade vacuum, that is hardly an act of war. It is what we used to call the free market back when there was one.

But the folks at Stratfor think that the Latvian development is about Russian misbehavior.

And you know what irks me no end?

In stark contrast to the very localized development in Latvia, which is none of our business, there is a worldwide development that is about Russia – and also about China and eventually the rest of the BRICS countries – a development that is our business and the business of Stratfor subscribers, like it or not, and that development is dedollarization, which if the msm is doing its job of blacking it out properly, you probably have never heard of.

Dedollarization, the movement that could destroy the US economy, is well underway and includes not only the 5 BRICS members but also Japan, some African countries and some European countries, like France (see my sampler of foreign press articles below). Why France? Because a French bank was soaked a world record fine a while back for trading with some US-blacklisted countries and they are getting fed up with the bullying.

Hey, Stratfor, want something to warn your subscribers about?

How about warning them about dedollarization and the US’s suicidal practice of imposing gargantuan fines on foreign banks at the whim of the US government? Or the practice of provoking Russia by siding with known fascists in former COMECON countries that they still want to trade with. Dedollarization is the chickens coming home to roost. Oh, but that’s embarrassing for the US elites who implement these suicidal policies.

Besides, Russophobia, a popular form of racism, is all the rage in Washington, and Russia is the whipping boy du jour. More to the point, in a country where Russophobia is the official fare, it would be embarrassing to admit that Putin turned the tables on the dull witted Western elites with a brilliant answer to the sanctions against Russia, namely, dedollarization of international trade – the use of currencies other than the dollar to transact.

It is vital for you to know something that the msm will never tell you: there are 2 reasons that the USD is still worth money:

1. Since the Bretton Woods agreement, the world is obliged to use the USD in international trade; and

2. The US military.

Dedollarization is the start of a process that will slowly erode these 2 factors.

With all this in mind, I went to the Stratfor site to see how many articles they had relating to dedollarization, a phenomenon poised to kill the USD and hence bring hyperinflation to the US. (Dear Stratfor readers: don’t you suppose a bankrupted USA full of hungry people might be just a wee bit more important than some folks in the mini-country of Latvia who prefer trading with a stable country like Russia – which has a capitalist economy without the impediment of Keynesianism and whose debt, unlike ours, is only a modest fraction of GDP?).

I can’t tell you how unsurprised I was to find the following using “dedollarization” as the search term at the Stratfor site:

 

Argentina, Brazil: Countries Plan To De-Dollarize Commerce

Argentina and Brazil plan to de-dollarize commerce in their countries in the first part of 2008 to…

 

That’s it. So if I am a Stratfor reader, I am led to believe that dedollarization is a South American phenomenon, confined to Argentina and Brazil. Meanwhile Europe is teetering on the brink of dedollarizaton, African countries are dedollarizing, and China, Japan and Russia have already taken that route in major international transactions. Now remember: Stratfor charges money to its subscribers for refusing to give them vital information that the long term investor can hardly be without!

But you are not alone, Stratfor. Guess how many articles the writer-for-hire Wall Street Journal had relating to dedollarization when I performed that search? Ready for this? Here ya go:

 

SEARCH

Advanced Search

Sorry, there are no results for your search query, please try another search.

ROFL! I love this stuff!

For good measure, I decided I might as well try the pay-to-read New York Times. Since they peddle these big thick wads that take whole forests for a week’s worth of news, why they would surely carry something about dedollarization, wouldn’t they?

Sure.

Here is what the internal search engine managed to dredge up:

 

Challenge for Peru: Shoring up sol

“Dedollarization has been a very slow process,” Peru’s central bank president, Oscar Dancourt, said. “But we’re making progress, we’re on the …

So if we trust Stratfor and NYT, dedollarization is only happening in South America. And if we trust WSJ, it doesn’t exist. Nothing to worry about. Certainly not the nail-biting that Latvia’s growing anti-EU party will cause those Stratfor subscribers, who apparently all hold mostly EU bonds in their portfolios and whose worst nightmare is a coup in Latvia. The Russkies are coming! The Russkies are coming!

Now, if you don’t like the word “propaganda,” don’t use it. In fact, you may, if you like, send me your suggestions for a word that better fits an international news analysis site that keeps vital information away from the reader while plying them with news about the internal politics of one of the smallest countries in the EU – and spinning even that tidbit to blame it on Russia, the whipping boy of the officialistas in Washington, DC. But just because our government is running a hate-Russia campaign does not mean that Stratfor is deliberately giving Washington what it wants, does it? Of course not. It could be just a remarkable coincidence. Yeah.

So omitting that harsh word “propaganda,” would you at least admit that the media, even the subscription-only media that soak you plenty for their gems of hard-to-find knowledge that is all over the internet for free, are at least keeping important news – and I’d have to say the most important news – safely away from your eyes?

Finally, for those who never heard of dedollarization (how would you know from the msm if even outlets specialized in international economic news don’t carry the story?), I will admit that my information on the subject originally came from sites like The Economic Collapse, FedUpUSA and Zero Hedge. I trust these sites because, for one thing, they quote sources, and for another, they don’t sound like a broken record cut in Washington. Nonetheless, for the hard core doubters, I was challenged to do my own search of the world press on dedollarization, just to make sure you wouldn’t think I make stuff up. Below is a list of links amounting to no more than about 1% of the dazzling array of foreign articles on dedollarization that I found in German, French, Spanish, English and Chinese – and I’m talking about the real dedollarization, not obscure events localized in South America but an economic freight train bearing down on you and me as I type. I skipped Russian this time even though that is one of my primary sources for this information. That’s because the American public is trained like Pavlov’s dogs to reject all things Russian and there is little point sending the reader to, say, Russia Direct or the like because, unlike our reliable msm, Russian news is pure “propaganda,” right, Sheeple?

Oh, and did I mention that, despite the fact that Stratfor charged readers for its “news” report on Latvia, that story was all over the internet, here, for example, and wouldn’t have cost the subscribers a dime to get all the details. Without the racist anti-Russian propaganda.

 

Germany:

I first searched the word for dedollarization, Entdollariserung.

My goal was to find sources that did not quote the usual US blogs on this subject because, while I personally have the highest regard for the 3 blogs mentioned above, the elites want us to believe that only “bona fide” sites like WSJ or NYT are worth quoting. So while some foreign sites run translations of Tyler Durden or Michael Snyder on this subject, I chose to skip those and picked sites like this one:

http://www.contra-magazin.com/2014/06/die-entdollarisierung-der-russischen-wirtschaft-schreitet-voran/

 

The below German language article cites ITAR-TASS quoting the Russian Central Bank office and also quoting Vladimir Putin in Shanghai following a talk with Xi Jinping announcing closer cooperation between the central banks of Russia and China. (I found references to this well-known conference in several languages).

http://freies-oesterreich.net/2014/08/10/russland-und-china-wollen-bilateralen-handel-kuenftig-nicht-mehr-ueber-dollar-abwickeln/#more-2513

 

How about a French site discussing how BRICS countries and France are weighing the possibility of dedollarizing due in part to the draconian fines imposed by the US on French banks (for doing things that are legal in France!)?

http://resistanceauthentique.wordpress.com/2014/08/26/laffaire-bnp-paribas-et-la-dedollarisation-du-monde/

 

Central Bank of the Congo is dedollarizing (report in French):

http://tsimokagasikara.wordpress.com/2014/05/31/rdc-un-pas-vers-la-dedollarisation-une-nouvelle-reglementation-de-change-a-la-bcc/

 

Angola bank is dedollarizing (report in English):

http://www.portalangop.co.ao/angola/en_us/noticias/economia/2014/5/26/Reserve-bank-denies-report-foreign-currency-shortage,77c30ca5-8603-406c-b65d-d2e45b453b39.html

Quote: The official said that the economy is in a course of stability and there is a set of measures that have been taken aimed at the maintenance and sustainability of the framework which is the process of de-dollarisation of the economy, started four years ago.

 

El País, In Spanish, reporting directly on meetings of BRICS in Fortaleza, Brazil, where dedollarization was being planned:

http://www.portalangop.co.ao/angola/en_us/noticias/economia/2014/5/26/Reserve-bank-denies-report-foreign-currency-shortage,77c30ca5-8603-406c-b65d-d2e45b453b39.html

 

BRICS countries “must continue dedollarization” (report in Portuguese)

http://www.efe.com/efe/noticias/brasil/economia/brics-paises-emergentes-devem-prosseguir-com-desdolariza-economia/3/2019/2269481

 

Japan, China, dedollarizing

http://www.japanfocus.org/-Kosuke-TAKAHASHI/3769

 

I think you can see the advantage of having access to the multilingual press. Monolingualism is a bit of a hindrance these days if you want to know what is going on in the rest of the world that might just affect you. Especially if you are a subscriber to “specialized” news sites like Stratfor, Wall Street Journal or New York Times, that seem to have trouble reading any language.