Tuesday, April 11, 2023

Good-bye, BlackRock! So Long, Petrodollar! Hello, Peace!

China must be stopped before it imposes totalitarian diplomacy on Ukraine and authoritarian peace in the middle east. --Caitlin Johnstone


Good-bye, BlackRock! 

So Long, Petrodollar! 

Hello, Peace!

by C. A. Matthews


I took only one economics course in college, but even I can understand enough about our screwed up capitalist economic system to see where we’ve gone wrong. We’ve placed greed before compassion and war before peace because of their profit-making abilities. Look where it’s gotten us—the US stands on the precipice of total disaster.

And that’s a good thing.

Can the destruction of our corporate-controlled government’s way of manipulating and exploiting other governments be a positive development in the quest for world peace? I think we’re witnessing the end of an era. Soon the United States will have to stop forcing “freedom and democracy” upon other countries via sanctions and bombings. 

This “War on Terrorism” era that turned the US into the world’s biggest economic terrorist is, at last, drawing to a close. China is taking the world stage as peacemaker, acting as a go-between to feuding neighbors Iran and Saudi Arabia. Other countries are being helped by China’s New Silk Road (officially, the Belt and Road Initiative) with its low interest loans that will help them build necessary infrastructure projects.

I can see that quizzical look on some of my readers' faces now. China? What do you mean it’s not forcing itself on others with economic sanctions and threats of “military interventions” the way the US does? It actually wants countries to get along so everyone can safely do business with each other and live in peace?

What a dangerous concept according to US Secretary of State Antony Blinken. Blinken actually claimed that brokering peace deals between countries wasn’t a good thing after China said it was willing to sit down with Russia and Ukraine and help them put an end to their disagreements and save lives.

The US refuses to accept these potential peace negotiations (even though we’re supposedly not even at war with Russia) because it’s not in our best interests according to Blinken. The US government’s stance is that it prefers the fighting continue—or is it our true masters, the military industrial complex, who prefer this proxy war go on forever? Endless warfare means they can sell an infinite amount of armaments to a steadily growing number of combatants. At least that’s the theory if the countries involved don’t run out of soldiers. I guess there’s always those nifty A.I. “robodogs” with machine guns for faces to take up the slack, right?

MIC capitalists can’t have peace and cooperation breaking out across the planet like crocuses breaking through the frozen soil in the spring. No, never! What would happen to their profits if people simply lived in harmony with each other? Oh, the horror!

Those Americans who continue listening to mainstream media propagandists (who actually work for the military industrial complex) will continue believing that “War is Peace.” Orwellian doublespeak makes them see the world through the eyes of capitalist warmongers and profiteers. They irrationally hate China and its diplomatic ways. They’ll continue screaming for billions of dollars more to be sent to Ukraine in order to prolong that conflict, in spite of the fact there are fewer and fewer Ukrainians left to do the fighting. They’ll insist on the US starting a war to nuke China over Taiwan, a break away province that hasn’t been sanctioned or bombed by its parent country. For capitalists, it’s America’s way or the highway, even if the highway is strewn with millions of dead bodies from conflicts that could have easily been avoided.

Fortunately, the vast majority of sane individuals on this planet aren’t falling for the capitalists’ lies about the necessity for resource grabs any longer. They don’t agree with the US policy of economic sanctions that cause hunger and chaos in their wake. African leaders told a visiting V.P. Kamala Harris that they’re not going to be bullied into using the American petrodollar to do business internationally anymore. India and Pakistan have purchased and sold oil recently from Russia using their currency and not the petrodollar. Many countries are applying to join BRICS, an association of nations willing do business with each other in their own currencies and not the “standard reserve currency” of the US petrodollar.

Upon hearing about the growth of BRICS and the use of other currencies, Senator Marco Rubio let slip in a news interview: “They're creating a secondary economy in the world totally independent of the United States. We won't have to talk about sanctions in five years, because there'll be so many countries transacting in currencies other than the dollar that we won't have the ability to sanction them." 


That’s great news for heavily sanctioned countries like Cuba. Cuba, a country that came up with its own COVID-19 vaccine that it freely shares with others as well as a lung cancer vaccine than can cure millions. Cuba would prosper and be able to share even more of its people’s expertise freely without the economic roadblock of the US petrodollar. But Big Pharmaceutical corporations don’t want the “competition” that free vaccines and cures for cancer can give, so the US economic sanctions most likely will continue for the foreseeable future.

It’s nothing to be proud of. US economic sanctions and military interventions have maimed, starved, injured and killed more human beings in the last seventy years that in all the wars that have taken placed before that time. Most of the dead are children

Why, oh why? Don’t you capitalists have enough profits? Your CEOs are multi-billionaires already—do they have to become trillionaires at the cost of so much human suffering?

I've had enough of them. I say, “So long, petrodollar! Hello, world peace!” What about this“Good-bye, BlackRock” then?

French protesters—remember them from last week’s blog?entered the Paris headquarters of BlackRock. BlackRock is an international corporation with assets worth somewhere in the vicinity of $10 trillion dollars. (Yes, that’s trillion with a “tr” and not a “b”.) If you are one of the millions of Americans who lost their home in the 2008 mortgage crisis, the bank or mortgage company that repossessed your home is probably controlled by BlackStone, which is owned by BlackRock. They hold a major share in thousands of corporations worldwide. Some of these corporations are major players in the US military industrial complex.

BlackRock has a lot of its investments in pension plans, perhaps even your own 401K, and it owns a lot of the French pension system as well. The French workers have told President Macron that they’re tired of the wealthy not paying their fair share of taxes and his unilateral raising of their retirement age. They are burning bank buildings because they realize their true enemies are not their fellow workers, or even people around the world who don’t look like them, but the capitalists who own and operate such obscenities as BlackRock. 

The French are also marching in the streets shouting at Macron to stop spending their taxes to fund a proxy war to control natural gas sales in Europe. They are anti-NATO, because everyone in France openly acknowledges that the Ukraine conflict was provoked by Western economies to break the Russian and its friends' economies. French workers want peace and justice for ordinary people, not only the multi-billionaires. 
Now you can see why Secretary Blinken doesn’t want China to broker a peace deal between Ukraine and Russia. There’s money to be made in conflict for his bosses in the military industrial complex, and peace would cause their profits to plummet. The petrodollar is on the wane, and he knows it. US economic sanctions won’t work much longer if there are other currencies being used to do business internationally between nations. The whole “terrorist threat” of US economic sanctions and endless warfare/coups d'état might be coming to an end much sooner than predicted.

It’s about time.

Let’s give peace a chance, America. Everyone will benefit. Even the goddamn profit-loving capitalists.


Related Links:

Geopolitical game changer: China's Iran-Saudi peace deal is big blow to petrodollar and US economic hegemony https://geopoliticaleconomy.substack.com/p/china-iran-saudi-peace-petrodollar 
Countries Worldwide Are Dropping the US Dollar

The Tragedy of US Diplomacy Pushing for War But Never Peace
Human Destiny In Ukraine

On Biden Turning Down China's Push for a Peace Deal in Ukraine
How the Global South Has Risen in the Face of US Sabotage

UN Human Rights Council Condemns Impact Of Unilateral Sanctions  https://popularresistance.org/un-human-rights-council-condemns-impact-of-unilateral-sanctions/ 
While Everyone's Distracted, The Dollar Is Dying

More and More Countries Are Ditching the US Dollar, Here's Why (video)  https://youtu.be/UcIPLGvwGF0

Question marks emerge over dollar supremacy

Russia Writes Off 20 Billion In Debt To African Countries

15 Million in the US to be Kicked Off of Public Health Benefits

UN Human Rights Council Condemns Impact of Unilateral Sanctions https://scheerpost.com/2023/04/06/un-human-rights-council-condemns-impact-of-unilateral-sanctions/

Africa ‘All Out,’ 54-0, Against Joining Biden’s Proxy War on Russia

The West Has Been Planning to Crush China For a Very Long Time

Why China's Winning & The US Is Panicking (w/ Josef Gregory Mahoney) (video) https://www.youtube.com/live/MMkqeaTlVTA

Chinese Currency Displaces Euro In Brazil’s Foreign Reserves

China’s Historical Destiny Is to Stand With the Third World
Marco Rubio Accidentally Makes a Great Argument Against US Dollar Hegemony https://caitlinjohnstone.substack.com/p/marco-rubio-accidentally-makes-a 
Protesters Storm BlackRock (video) https://rumble.com/v2he81o-protesters-storm-blackrocks-offices-bidens-oil-drilling-orgy.html

Macron Fails to Persuade, So Opts for Coercion

French Protesters Storm BlackRock's Paris HQ (video) https://youtu.be/xqki_HI1ZRY

US Media Cheer as France Forces Old People to Work https://scheerpost.com/2023/04/08/us-media-cheer-as-france-forces-old-people-to-work/

Biden Knocking 15 Million Off Healthcare (video) https://rumble.com/v2h0lzq-trumps-plane-gets-more-media-than-biden-knocking-15-million-off-healthcare.html 

US Bank Bailout Benefited Billionaires, Exposing Corruption: ‘I Understand Why Americans Are Angry’ https://scheerpost.com/2023/04/10/us-bank-bailout-benefitted-billionaires-exposing-corruption-i-understand-why-americans-are-angry/ 

Seymour Hersh: The Nord Stream Ghost Ship

For The Record, NPR Absolutely Is US State Propaganda

French Revolution 2.0/American Revolution Nil https://continuousrev.blogspot.com/2023/04/french-revolution-20american-revolution.html

Seen on Twitter:


  1. Ending American hegemony across the world can only be beneficial. The capitalists are a bunch of ominicidal maniacs, prepared to destroy the world in order to wring the last dollar out of it. I can't imagine Saudi Arabia paying much attention to that nuke sub heading their way. It's an empty threat.

    1. I think the US won't be able to "bully" others anymore. They're not afraid, and the more the US threatens to start wars and sanction others, the more they're grouping together to protect themselves from the bully. Truly, the world has become more egalitarian when there's no longer one country trying to dictate their self-centeredness to others.


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