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France hits out at dollar dominance

"France’s political and business establishment has hit out against the hegemony of the dollar in international transactions after US authorities fined BNP Paribas $9bn for helping countries avoid sanctions.
Michel Sapin, the French finance minister, called for a “rebalancing” of the currencies used for global payments, saying the BNP Paribas case should “make us realise the necessity of using a variety of currencies”. "

You don't have to register at the FT site to read this article. Just do a google search for it and you can read it that way.

http://www.ft.com/intl/cms/s/0/883e7912-0513-11e4-b098-00144...



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Total CEO doubles down, gives middle finger again!!

Total CEO de Margerie wanting to move away from US Dollar, I posted earlier. He doubled down even more, giving middle-finger to US Military Industrial Complex & phony sanctions.

Total CEO warns against new Berlin Wall with Russia

Europe should stop thinking about cutting its dependence on Russian gas and focus instead on making those deliveries safer, including options to bypass Ukraine, the head of French oil major Total told Reuters.

De Margerie said tensions between the West and Russia were pushing Moscow closer to China as illustrated by a $400 billion deal to supply Beijing with gas clinched in May.

"You hear people say we have got to protect ourselves from Ukraine and then they talk about Russia. This is not the same thing... Are we going to build a new Berlin Wall?"

"Russia is a partner and we shouldn't waste time protecting ourselves from a neighbour ... What we are looking to do is not to be too dependent on any country, no matter which. Not from Russia, which has saved us on numerous occasions."

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
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Cyril's picture

Note to self:

Note to self:

I'll try to read between the lines of the French MSM propaganda and of the "people" reaction I may find, sometimes later - to gauge how serious all this (unsurprising, almost clockwork) yelling is about, on this one.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

It certainly appears

that the foundation of dollar hegemony is coming unglued. Just a matter of time now. tick tock tick tock.....

BRICS Bank summit in Brasil after World Cup

Things are moving along at such a very fast rate now, the BRICS Bank summit starts immediately after conclusion of FIFA World Cup. This is supposed to be the totally US Dollar independent development bank, expected to make IMF & World Bank obsolte.

More details here:

BRICS Bank summit, Fortaleza, Brasil

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
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WHY would France want to deal with the US

if it means paying a $9 billion fine!
http://www.dailypaul.com/322032/how-foreign-policy-can-creat... (reciprocal link)

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Cyril's picture

Still, thanks for the update.

Still, thanks for the update.

I've been waiting to read one like this for almost 2 years, now.

Significant. Not only the rats, but also the submissive poodle, are all leaving her, the doomed $FRN ship.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Saudi Arabia

Saudis dumping dollar denominated contracts will be the most significant & killer event. Of course, France, Germany, South Korea etc. all leaving 1 by 1 is huge...But the day when Saudi Arabia openly enters into financial war, it's all over.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
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Cyril's picture

Yes, that'd be my guess, too.

Yes, that'd be my guess, too.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Here is the background as to why Saudi Arabia is important to

the dollar
http://smaulgld.com/why-saudi-arabia-matters-in-helping-to-k...
Lose them, lose France and Germany, China and Russia- game,set match

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Cyril's picture

Ah, finally the poodle starts barking? How timely, isn't it?

French socialist morons and frauds are as clueless about sound money as any other of their pals in the universe.

Of course, even before being economic, it's a political storm in a cup for them to save the face after their own failures.

Bad, bad, bad, evil US dollar, now... The poodle is barking, thinking it can grow balls before his Federal Reserve master.

Well, okay, he can, eventually, I suppose, only one in a (long) serie of puppets (to be developed) finally turning their back to fake money made in the USSA.

He will bark even louder as others jump in the hypocritical outrage game.

Tick tock tick tock tick tock tick tock USD...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

France launches WAR on US Dollar

While the entire world had been busy watching FIFA World Cup (and/or July 4th fireworks in the US) :

Financial war-talk fireworks got real.

Finance Minister of France Michel Sapin, furious about BNP Paribas sanctions, working for eliminating US Dollar use from native commerce for France

Michel Sapin part en croisade contre l'hégémonie du dollar

Governor of Bank of France Christian Noyer, furious about BNP Paribas sanctions says, there is absolutely no need for any use of US Dollars in France's trade with non US partners

Amende BNP Paribas: Christian Noyer regrette l'hégémonie du dollar

Total Oil S.A. (biggest oil company in France) CEO Christophe de Margerie says, there is absolutely no need to use US Dollars for oil purchase transactions

Total’s de Margerie Sees No Need for Dollars in Oil Purchases

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
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http://twitter.com/the_chiefe71