Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Latest

BRICS in talks to create own cryptocurrency in another blow to US Dollar

BRICSCoin could be the world’s newest currency.

Avatar

Published

on

The Head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev has stated that the BRICS may opt to create their own cryptocurrency for the purposes of global commerce.

A cryptocurrency is a digitally based means of exchange wherein the value of said currency is not determined by a central-bank. Most cryptocurrencies can be converted into state-issued currencies (Dollars, Euros, Yuan, etc.) through various foreign exchange services.

Currently, one of the biggest issues facing crypocurrency development is the fact that they are not backed up by any central bank. However, many also see this apparent disadvantage as a possible opportunity, particularly where unilateral Dollar based sanctions are concerned.

While the US Dollar remains the most popular global trading and reserve currency, this is rapidly changing. A BRICS backed cryptocurrency may be both the proverbial ‘Dollar buster’ as well as a ‘sanctions buster’.

In May of this year, China and Russia agreed to begin a process of trade in local currencies. Turkey and Iran have also begun steps to break away from the Dollar.

READ MORE: 5 ways Russia and China are deepening their cooperation

Even more recently, China announced that is plans to allow for oil trading in Yuan which will be convertible to gold at the Shanghai and Hong Kong international gold exchanges.

The creation of a BRICS cryptocurrency could potentially retain the flexibility of current cryptocurrencies with the additional benefit of being backed by the leaders of a large economic-trading union which would give traders confidence in such a currency that many existing cryptos such as Bitcoin are lacking.

It is not certain what the exchange rate of a would-be BRICSCoin would be, but there is every chance that it could be based on a derivative of what is known as Special drawing rights (XDR) a current means of exchange which pools the values of the US Dollar, British Pound, Japanese Yen and the Euro.

A possible variation which would set the initial exchange rates of a BRICSCoin could be a combination of a gold backed Chinese Yuan, Russian Rouble, Indian Rupee, South African Rand and Brazilian Real.

This could create an effective hybrid currency that could easy trade and make exchange rates between BRICS states and their partnership more equitable. There is also a potential for such a currency to be used as a means of everyday exchange among businesses and individuals in growing and emerging markets that seek to partner with the BRICS in the so-called BRICS Plus format.

While cryptocurrencies are relatively easy to create, they are more difficult to promote as a widely accepted means of exchange. However, with the prominent economies of the BRICS backing such a currency, this problem could be easily bypassed, as a semi-central regulatory body would likely be the logical outgrowth of such an initiative.

As Kirill Dmitriev stated during the BRICS summit in Xiamen China,

“Another topic discussed by the financial committee was cryptocurrencies. The creation of BRICS’ cryptocurrency as an alternative to other payment tools might also be discussed.

…cryptocurencies are also being discussed as one of the possible options for financial settlement. For particular payments it might be quite relevant and serve as a good alternative to the dollar or any other currency.

We estimate that the mutual investments of the BRICS countries might see an increase by 3-4 times due to such instruments as BRICS [Development] Bank”.

READ MORE: Russia seeks to break free of Dollar dependence

In many ways, the most powerful asset the US has internationally is the Dollar. If the effective hegemony of the Dollar is broken, it could be a substantial opportunity for emerging markets to assert their monetary and consequentially fiscal independence.

Russia is already taking its own steps towards developing its own cryptocurrency. According to Communications Minister Nikolay Nikiforov, a Russian cryptocurrency will be designed to work with existing Russian technologies rather than the foreign technologies which form the basis of the Bitcorn blockchain.

Nikiforov stated,

“Bitcoin and Etherium are cryptocurrencies developed on the basis of foreign cryptography. Russia has its own cryptography school. I think that we are absolutely capable of creating a cryptographic unit, a tool, based on the blockchain technology, and work out concrete regulations to set the framework for the operations”.

Such a currency could receive an official sanction from the Russian Central Bank. This technology could be used to help develop the BRICS wide crypto which has been widely discussed at the current summit.

The BRICS summit in Xiamen continues through the 5th of September.

Liked it? Take a second to support The Duran on Patreon!
Advertisement //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});
Click to comment

Leave a Reply

avatar
  Subscribe  
Notify of
Abi Shah
Guest
Abi Shah

The creation of the hegemonic and evil petro dollar needs to be eradicated because this dominance has put the entire globe under their rule and if it was not for Russia and China leading the way towards are more fairer system then I certainly believe Israel would and may and will bring about their new world order by stealing the wealth of other nations as it has been doing for decades such as greece ireland and many of the european nations. I for one would gladly shy away from the Dollar and rebuild a system that provides some kind of… Read more »

Jets
Guest
Jets

Brilliant in every way and every word (especially the last sentence).

TEN thumbs up :-))

Ricardo Silva
Guest
Ricardo Silva

Israel is a great country, as they’re proving now by getting extremely upset at Netanyahu because he wasted some money. They’re even talking about removing him from the job. Wow!

Oddly enough, I never saw this many Israelis getting upset when Netanyahu Mass Murdered innocent civilians. Nor they get upset when they are asked to intentionally murder children and pregnant women. Israelis have no problems committing atrocities. They even celebrate it. Disgusting savages.

bcguy
Guest
bcguy

Great points. i know Russia did kick the rotchild money launderers out and he also paid off the IMF. This new currency backed by a development bank seems like a really good investment.

Abi Shah
Guest
Abi Shah

Thank you sir i truly believe that your certainly a petson of integrity because you r eyes are open to a much more sinister agenda by we know who>>Israeli zionists likud party and the entire puppet us congress.
What we should be appaulled at is when a new president of the united states is inaugurated the 1st mandate he has to sign is to pledge his undeniable allegiances to the zionist state of Israel..so plesse tell me what this really encompasses?

Wayne Blow
Guest
Wayne Blow

I knew there is a very sinister plot at play here “(BRICS)” the big threat to USA, UK, Israel!!!! They need a big war like North Korea to divert attention!!! Too effing bad for the 2 Koreas, but then pawns are just pawns, eh?

Trauma2000
Guest
Trauma2000

I keep reading up on articles that talk about ‘replacing the U.$. hegemonic dollar… blah blah” but I’m yet to read anything significant about the “framework” that is being developed to ‘replace the Reserve Bank’ framework that is controlled by the Rothschilds. Only when the ‘Reserve Bank’ framework ceases to be necessary, will countries be free to regain control their finances. It’s the ‘Reserve Bank Framework’ that keeps entire countries subservient to Rothschild controlled financial markets; not the presence of money per se. And what makes anyone think that the Rothschilds, and their incredible wealth, will not corner the CryptoCurreny… Read more »

Gareth Barnard
Guest
Gareth Barnard

Firstly there are no reserve banks in which any Rothschild has any stake. That’s fake news. Controlling monetary supply is also essential to maintaining it’s value and there is a free market in international currency exchanges.

Ricardo Silva
Guest
Ricardo Silva

Well, if that’s fake news, then… who the hell do all the countries from all over the world … own money to…? To the Aliens? To no one? Then we might as well stop paying.

You know very well that Zionists own and control the Federal Reserve. But why do you deny it? Are you hoping they’ll give you a stake in it, perhaps? Keep dreaming, little marionette.

bluewater
Guest
bluewater

a heads up …from an insider source…..Bitcoin was created by THE NSA and it is owned by ROTHSCHILD IT IS A SCAM and if you can not hold it in your hand..it is worthless..When the INTERNET GOES DOWN..YOU ARE SCREWED and BY LAW…THE NSA can take it away from you ..IT IS LEGAL FOR THEM TO DO IT!!!!! from another very good source…..YOU will not have a FINANCIAL RESET till the CABAL is taken out and they will …then you will have a new currency to use that will be backed up by GOLD.. THE ELITES..JPMORGAN,ROTHSCHILDS have been manipulating GOLD… Read more »

Ricardo Silva
Guest
Ricardo Silva

Stop injecting drugs… they’re bad for you.

jenuty
Guest
jenuty

no sense

Great Expectations
Guest
Great Expectations

‘It is not certain what the exchange rate of a would-be BRICSCoin would be, but there is every chance that it could be based on a derivative of what is known as Special drawing rights (XDR) a current means of exchange which pools the values of the US Dollar, British Pound, Japanese Yen and the Euro.’ NO chance whatsoever, I would have thought. The SDR is a tool created by the IMF so, while a SDR backed BRICSCoin might bypass central banks, it falls straight under the influence of the IMF, which ‘controls’ the central banks. ‘A possible variation which… Read more »

Gonzogal
Guest
Great Expectations
Guest
Great Expectations

Thanks, I’ll take a look. Max Keiser on RT’s Keiser Report has done a full 180 degree turn on gold and bitcoin in the last year or so. He was promoting bitcoin again today and trashing Jim Rickards for focusing on gold. But Max never explained why he changed his mind so radically. Interesting.

Gonzogal
Guest
Gonzogal

You are welcome and I hope it answers some of your questions. I must say that I personally am not 100% clear of all the implications, but I can only liken it to the US Fed “creating money out of nothing” and seeing the similarities.

Great Expectations
Guest
Great Expectations

I agree.

Gonzogal
Guest
Gonzogal
Great Expectations
Guest
Great Expectations

Yep, thanks for that last one – just read it and it confirms what I thought and what Peter Schiff says in his podcast. Bitcoin does not pass the test for a currency and it is an as like anything else bought on the stock exchange. I haven’t had a chance to read all the zero hedges you linked yet but I’ve read similar on there before and I note in one of the ones you sent, China says it’s not a currency (was that the one above? Can’t remember, my grandson doesn’t like me concentrating on anything but him… Read more »

Gonzogal
Guest
Gonzogal

I saw that one last week.

What is interesting from the BRICS this year is the idea being solidified re a crypto currency for the BRICS nations and their partners to be able to circumvent sanctions etc! I imagine that that currency would possibly be backed by gold to solidify its worth.

Here is some info on it…it should be interesting to see it develop.
http://www.mintpressnews.com/blow-us-dollar-brics-considers-cryptocurrency/231571/
http://voiceofrussia.com/2013_10_09/What-will-happen-to-global-economy-if-BRICS-announce-launch-of-new-currency-Bricso-1897/

Great Expectations
Guest
Great Expectations

Yes, a basket of currencies (their own), along the lines of the IMF SDR idea; backed by gold, which Russia and China have been reputedly accumulating in large quantities, would make sense. India isn’t short of gold either. After the way Russia, China and Brazil have been treated by the international community (I mean the US elite), one can only wish them every economic success. I am still intrigued, though, how Brazil’s Michel Temer fits into the BRICS set up; Dilma Rousseff was impeached and dispatched politically, largely by Temer, who is Washington’s puppet. I can’t imagine the other BRICS… Read more »

Gonzogal
Guest
Gonzogal

I read Temer is up for impeachment too!
http://www.zerohedge.com/news/2016-11-25/brazil-president-temer-threatened-impeachment-after-new-corruption-scandal-emerges
On BRICS, he seems to be less vocal during the meetings but so far as I have heard he is on board with BRICS goals. This despite the US coup in Brazil it doesnt seem that there is some permanent damage done to the group. Although who knows for sure.

If there is problems on the horizon I think it might come from India, as it seems to be indecisive as to its commitment to BRICS vs the US.

Great Expectations
Guest
Great Expectations

Yes, India doesn’t seem to see eye to eye with China.

I thought that was Temer’s daughter standing with him.

With Brazil sliding all over the place, India playing all sides for its own gain and South Africa, which was a late arrival, it would seem that Russia and China are doing all the heavy lifting. Good reason to bring in some of the other Asian countries, I suppose.

Gonzogal
Guest
Gonzogal

Re South Africa, the US is trying to pull a “regime change” or else there.

As regards bringing in other countries, that is why they set up the BRICS+ and BRICS++. They are certainly not keeping anyone out that wants to work with them! It seems that even Germany is interested!
http://valdaiclub.com/a/highlights/re-thinking-the-brics/
https://sputniknews.com/politics/201703221051849196-brics-enlargement-plan/

India is upset because of Pakistan’s being part of the BRICS+
https://sputniknews.com/world/201703111051472250-china-pakistan-brics/

I dont know if you have seen this article re BRICS 2017 by Pepe Escobar, if not its a good read as to what turmoil seems to be going on.
http://www.atimes.com/article/odds-brics-nations-get-act-together/

Gonzogal
Guest
Gonzogal

Just read this article…SUPER interesting re India and Brazil as regards BRICS. It also mentions the other countries showing interest in BRICS http://www.atimes.com/article/real-brics-bombshell/

Gonzogal
Guest
Gonzogal

I just read this on the US’ SEC and the IMF possibly regulating (taking over) bitcoin. Super interesting and will be interested to see how the crypto currency of BRICS will be set up differently.
http://www.zerohedge.com/news/2017-09-05/global-elites-secret-plan-cryptocurrencies
http://www.zerohedge.com a;ways has a lot of articles on bitcoin (plus a lot of other interesting news)

dago dingo
Guest
dago dingo

Like a rabid dog at the end of its life, it lashes out & uses any means at it’s disposal to hurt others in order to survive, this is what we see happening before our very eyes. America is on the verge of collapse & it will use any means at it’s disposal to retain the empire. Hence all the Russo-phobia & China bagging. I say the death of this pariah, America cannot come soon enough!!! The world is sick to death of the wars it wages on sovereign soils, responsible for the deaths of millions of innocents in order… Read more »

Gareth Barnard
Guest
Gareth Barnard

Yes Dago. It’s time people like Kim Jong-ug take there rightful place on the stage of world power

dago dingo
Guest
dago dingo

Oh & the mad men running The Empire of Chaos are better???

Ricardo Silva
Guest
Ricardo Silva

Yep… Divide & Conquer is the plan. The Zionists have been destroying the USA by the inside since 1776… and the endgame is very near. The US will probably end up breaking up into a variety of different countries. United we stand, divided we fall.

Dennis Morrisseau
Guest

DO IT!

Popart 2015
Guest
Popart 2015

Cryptocurrency sounds like avoiding the problem! Why crypto if you can do the real deal?

Kubrickian
Guest
Kubrickian

That would be the currency to buy but like the ones before it you wouldn’t be able to buy it until the currency was inflated beyond what an average investor could afford.

Latest

Germany Wants Nuclear Bombers

Germany does not manufacture atomic weapons but has come to consider itself as a nuclear power because it has vectors to use them.

The Duran

Published

on

Via VoltaireNet.org:


Germany’s armed forces are currently studying the possibility of acquiring nuclear bombers capable of using the new American B61-12 atomic bombs.

Meanwhile, the Pentagon itself plans to deploy these new atomic bombs in the German region of Eifel, in violation of the Nuclear Non-Proliferation Treaty.

The German air force already has multi-tasking Tornado warplanes, which are already capable of deploying American atomic bombs. But those aircraft are going to be replaced, possibly, by European-developed Eurofighters, or by United States manufactured F/A-18 Super Hornets.

Either way, the warplane that Germany selects will have to be equipped with the AMAC (Aircraft Monitoring and Control) system, which allows the use of the new American atomic bombs and enables the regulation of the power of the explosion as well as at what height the bombs explode after they are launched.

Germany does not manufacture atomic weapons but has come to consider itself as a nuclear power because it has vectors to use them, and believes that this gives it the right to sit on the UN Security Council sharing the permanent member position occupied by France.

Both countries would thus represent the European Union, under the auspices of NATO.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

1st since Notre Dame: Yellow Vests back despite ‘unifying’ disaster & they are angry

‘Yellow Vests’ march in Paris for 23rd straight week.

RT

Published

on

By

Via RT…


Yellow Vests protests brought clashes and tear gas back to the streets of Paris, despite politicians’ calls for “unity” in the wake of the Notre Dame fire. For protesters, the response to the fire only showed more inequality.

Saturday’s protests mark the 23rd straight weekend of anti-government demonstrations, but the first since Notre Dame de Paris went up in flames on Monday. Officials were quick to criticize the protesters for returning to the streets so soon after the disaster.

“The rioters will be back tomorrow,” Interior Minister Christophe Castaner told reporters on Friday. “The rioters have visibly not been moved by what happened at Notre-Dame.”

For many of the protesters, grief over the destruction of the 800-year-old landmark has made way for anger. With smoke still rising from Notre Dame, a group of French tycoons and businessmen pledged €1 billion to the cathedral’s reconstruction, money that the Yellow Vests say could be better spent elsewhere.

“If they can give dozens of millions to rebuild Notre Dame, they should stop telling us there is no money to respond to the social emergency,” trade union leader Philippe Martinez told France 24.

Saturday’s protests saw a return to scenes familiar since the Yellow Vests first mobilized in November to protest a fuel tax hike. Demonstrators in Paris’ Bastille district set barricades on fire and smashed vehicles, and police deployed tear gas to keep the crowds at bay.

Sporadic incidents of vandalism and looting were reported across the city, and some journalists even reported rioters throwing feces at police.

60,000 police officers were deployed across the country, and in Paris, a security perimeter was set up around Notre Dame. A planned march that would have passed the site was banned by police, and elsewhere, 137 protesters had been arrested by mid afternoon, police sources told Euronews.

Beginning as a show of anger against rising fuel costs in November, the Yellow Vests movement quickly evolved into a national demonstration of rage against falling living standards, income inequality, and the perceived elitism and pro-corporation policies of President Emmanuel Macron. Over 23 weeks of unrest, Macron has made several concessions to the protesters’ demands, but has thus far been unable to quell the rising dissent.

After Notre Dame caught fire on Monday, the president postponed a television address to the nation, during which he was expected to unveil a package of tax cuts and other economic reforms, another measure to calm the popular anger in France.

Macron’s address will be held on Thursday.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

O Canada! The True North Strong and Free – Not

Maybe it’s past time for Canadians to get serious again about their independence.

Jim Jatras

Published

on

Authored by James George Jatras via The Strategic Culture Foundation:


Canadian visitors to Washington sometimes wonder why their embassy stands at the foot of Capitol Hill.

The answer? To be close to where Canada’s laws are made.

A main showcase of Ottawa’s craven servility to Washington is Prime Minister Justin Trudeau’s complicity in the US-led regime change operation being conducted against Venezuela. Not content with ruining his own country with multiculturalism, polysexualism, and the like, Li’l Justin has acted in lockstep with Big Brother to the south inslapping sanctions on Venezuelan officials and serving as a US agent of influence, especially with other countries in the western hemisphere:

‘A Canadian Press report published at the end of January revealed that Canadian diplomats worked systematically over several months with their Latin American counterparts in Caracas to prepare the current regime-change operation, pressing [Venezuelan President Nicolás] Maduro’s right-wing opponents to set aside their differences and mount a joint challenge to the government. “The turning point,” said the Canadian Press [Global News], “came Jan. 4, when the Lima Group … rejected the legitimacy of Maduro’s May 2018 election victory and his looming January 10 inauguration, while recognizing the ‘legitimately elected’ National Assembly.” The report cited an unnamed Canadian official as saying the opposition “were really looking for international support of some kind, to be able to hold onto a reason as to why they should unite, and push somebody like Juan Guaidó.”

‘One day prior to Maduro’s inauguration, [Canadian Foreign Minister Chrystia] Freeland spoke to Guaidó, the newly-elected National Assembly speaker, by telephone to urge him to challenge the elected Venezuelan president.’

But that’s not all. Canada is out front and center in the “Five Eyes” intelligence agencies’ war on China’s Huawei – with direct prompting from US legislators and intelligence.  As explained by Col. Larry Wilkerson, former chief of staff to Gen. Colin Powell, it’s not that Huawei violated any law when circumventing US sanctions but it is the US that is acting illegally by unilaterally imposing sanctions that were never agreed to internationally. But that’s OK – when it comes to Washington’s claims of jurisdiction over every human being on the planet, Justin and Chrystia are happy to oblige!

Also, let’s not forget Chrystia’s role in keeping the pot boiling in Ukraine. It would of course be cynical (and probably racist) to attribute anything relating to Ukraine to her own interesting family background …

To be fair, the lickspittle attitude of Canadian officials towards their masters south of the 49th parallel is hardly unique in the world. Also to be fair, it’s natural and would be generally beneficial for Canada to have a positive relationship with a powerful, kindred neighbor rather than a negative one. Think of Austria’s ties to Germany, or the Trans-Tasman relationship of Australia and New Zealand, or the links that still exist between Russia and Ukraine despite efforts by the west to set them against each other (as, for example, Spain and Portugal were at loggerheads for several centuries, when the latter was a loyal ally of Spain’s foe, Great Britain, to such an extent that Portugal was sometimes shown on maps and globes in the same pink as British possessions; a similar situation existed between Argentina and British ally Chile).

A close and mutually advantageous relationship is one thing, but Canada’s de facto loss of independence is another. Not only does the US control Canada’s diplomacy, military, and intelligence but also her financial system (with, among other levers, the notorious FATCA law, which places Canadian institutions under the supervision of the IRS, with Canada’s revenue service acting, care of the Canadian taxpayer, as a cat’s paw for not only the IRS but the NSA and other snooping agencies). As explained by one Canadian nationalist (yes, they do exist!), the redoubtable David Orchard, trade is also a critical issue:

‘Canada …, after almost three decades of “free trade” with the U.S., has more than $1.2 trillion in federal and provincial debt, large deficits at every level, no national child or dental care, high university tuition, miserly old age pensions, years of massive budget cuts, and giveaway prices for its exports of oil, gas, timber and minerals.

‘For 150 years, great Canadian leaders have warned that without an economic border with the United States, we would soon no longer have a political border.

‘We once owned the world’s largest farm machinery maker, Massey Harris, headquartered in Toronto; built the world’s largest and most respected marketer of wheat and barley, the Canadian Wheat Board, based in Winnipeg; created a great transcontinental railway system, beginning in Montreal, which tied our country together; and saw Vancouver’s shipyards produce the beautiful Fast Cat ferry.

‘Instead of spending hundreds of billions on foreign-made machinery, electronics, automobiles, ships, fighter jets and passenger aircraft (even payroll systems for federal employees!), we can build our own, both for the domestic and export market.

‘We once designed and built the world’s most advanced jet interceptor, the Avro Arrow, so we know it can be done. [Emphasis added] With Canada’s resources and ingenuity, it could create a prosperous, domestically controlled economy that would give Canadians multiple benefits, security and pride of ownership. All that is required is some of the will that drove our ancestors to create an alternate power in North America. As George-Étienne Cartier, the great Québécois Father of Confederation, put it, “Now everything depends on our patriotism.”’ [Note: Orchard is the author of the must-read book The Fight for Canada: Four Centuries of Resistance to American Expansionism. To begin at the beginning, in the late 1680s, as part of English-French rivalry in North America, Massachusetts Puritans sought to root out the nest of popish deviltry known as Quebec. Following their disastrous 1690 defeat, they decided to fight Satan closer to home by hanging witches. The rest, as they say, is history…]

Scratch a Canadian patriot and you’ll hear about the Avro Canada CF-105 Arrow. As a watershed moment in Canada’s downward slide into subservience, the cancellation of what by all accounts was a magnificent aircraft – and a snapshot of what Canada’s international competitiveness (including in advanced aerospace) could have looked like had it been able to develop independently – might have been the point of being sucked into the American vortex. As noted by one response to my suggestion that Ottawa’s stance on Venezuela amounted to Canada’s annexation by the US: “Canadian here…unfortunately, the above is true (not literally of course, but in practice). It goes back even before the time of Diefenbaker, who canceled our Avro Arrow program on demand from the US – thus destroying our aerospace industry and causing brain drain to the US/Europe.”

To this day, the decision of then-Prime Minister John Diefenbaker to kill the Arrow project (and “put 14,528 Avro employees, as well as nearly 15,000 other employees in the Avro supply chain of outside suppliers, out of work”) on what came to be known as “Black Friday,” February 20, 1959, remains controversial and shrouded in mystery. A mix of budgetary, political, technological, and personality factors has been cited, none of them conclusive. Pressure from the US side, including unwillingness of Washington to purchase a Canadian aircraft when the US could pressure them to buy American planes and missiles, no doubt played a key role: “Instead of the CF-105, the RCAF invested in a variety of Century Series fighters from the United States. These included the F-104 Starfighter (46 percent of which were lost in Canadian service), and (more controversial, given the cancellation of the Arrow) the CF-101 Voodoo. The Voodoo served as an interceptor, but at a level of performance generally below that expected of the Arrow.”

While we may never know reliably why Diefenbaker cancelled the Arrow or how Canada or Canadian industry might have followed a different path, there’s no question of the superior capabilities of the Arrow. As it happens, one of the few pilots who had a chance to test the Arrow in an impromptu friendly dogfight is now-retired USAF fighter pilot Col. George Jatras, later US Air Attaché in Moscow (also, this analyst’s father). As he related in 2017:

‘I’ve received a number of messages in the last couple days about this bird, including some that say it may be revived. I don’t know how The Arrow would compare to today’s aircraft, but I had a first-hand lesson on how it faired against the F-102.

‘In 1959, I was stationed at Suffolk County AFB on Long Island with the 2nd Fighter Interceptor Squadron. We had an informal exchange program with a Canadian fighter squadron stationed near Montreal. From time to time, two or four aircraft from one of the squadrons would fly to the other’s base on a weekend cross country.

‘On one such exchange, I was #3 in a four ship formation led by [former Tuskegee airmanErnie Craigwell (I don’t recall who the other pilots were). As we entered Canadian airspace, cruising at about 40,000 ft., we spotted a contrail well above our altitude (probably at 50,000ft.) and closing very fast.  As the other aircraft appeared to be passing by, we could clearly see the delta shaped wing and knew it was the Avro Arrow that the Canadian pilots had told us about. Then, instead of just passing by, he rolled in on us! Ernie called for a break and we split into elements. When we talked about the encounter afterwards we all agreed that our first thought was, “This guy is in for a surprise; he doesn’t know that he’s taking on the F-102.”  Well, we were the ones in for a surprise. Even with two elements covering each other, not one of us could get on his tail. His power and maneuverability were awesome.  After he had played with us for a few minutes, like a cat with four mice, he zoomed back up to about 50K and went on his way. What an aircraft! What a shame that it never went into production.’

What is perhaps most curious about the Arrow’s demise is that “everything was ordered brutally destroyed; plans, tools, parts, and the completed planes themselves were to be cut up, destroyed, scrapped and everything made to disappear.”  Why? Well, security of course! Don’t engage in conspiracy theories …

The Canadian national anthem finishes with a pledge: “O Canada, we stand on guard for thee.” It should be noted that understandably resentful Loyalists fleeing the US following the American Revolution were a major contribution to the growth of Canada’s English-speaking population. American troops – back when we were the plucky underdog fighting the mighty British Empire – invaded Canada in 1775 and during the War of 1812 but were defeated. Relations got testy during the American Civil War as well, and even afterwards the US was wary of a proposed united “Kingdom of Canada,” hence the choice of the name “Dominion” in 1967. If today’s Canadians think we-all down here don’t know whom they’ve mostly had in mind to “stand on guard” against all this time, they’d better think again.

Maybe it’s past time for Canadians to get serious again about their independence – eh?

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

JOIN OUR YOUTUBE CHANNEL

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Validating payment information...
Waiting for PayPal...
Validating payment information...
Waiting for PayPal...
Advertisement

Advertisement

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement
Advertisement

Advertisement

The Duran Newsletter

Videos

Trending