Socio-Economics History Blog

Socio-Economics & History Commentary

Iran, Russia Working to Seal $20 Billion Oil-for-Goods Deal ! The End of the PetroDollar!

PetroDollar_Scam_Breaking_Down

  • Iran, Russia working to seal $20 billion oil-for-goods deal! 
    by Jonathan Saul and Parisa Hafezi 
    (Reuters) – Iran and Russia have made progress towards an oil-for-goods deal sources said would be worth up to $20 billion, which would enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.
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    In January Reuters reported Moscow and Tehran were discussing a barter deal that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.
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    The White House has said such a deal would raise “serious concerns” and would be inconsistent with the nuclear talks between world powers and Iran. A Russian source said Moscow had “prepared all documents from its side”, adding that completion of a deal was awaiting agreement on what oil price to lock in.
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    The source said the two sides were looking at a barter arrangement that would see Iranian oil being exchanged for industrial goods including metals and food, but said there was no military equipment involved. The source added that the deal was expected to reach $15 to $20 billion in total and would be done in stages with an initial $6 billion to $8 billion tranche.
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    The Iranian and Russian governments declined to comment. Two separate Iranian officials also said the deal was valued at $20 billion. One of the Iranian officials said it would involve exports of around 500,000 barrels a day for two to three years.
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    “Iran can swap around 300,000 barrels per day via the Caspian Sea and the rest from the (Middle East) Gulf, possibly Bandar Abbas port,” one of the Iranian officials said, referring to one of Iran’s top oil terminals.
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    “The price (under negotiation) is lower than the international oil price, but not much, and there are few options. But in general, a few dollars lower than the market price.”
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    read more!

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April 11, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Russia and China About to Sign Gas Deal ! Death Knell for the PetroDollar!

Death_of_dollar_RIP

  • Russia and China about to sign gas deal! 
    by http://en.itar-tass.com/ 
    “We have discussed co-operation in the coal sphere, agreeing to develop deposits, supply equipment and build electric power plants,” Russian Deputy Prime Minister Arkady Dvorkovich says.
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    BEIJING, April 09. /ITAR-TASS/. Russia’s Gazprom and China are poised to conclude a gas supply contract in coming weeks, the first in a series of energy projects planned between the two countries.

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    “We’re working now to sign a gas contract in May,” said Deputy Prime Minister Arkady Dvorkovich. “Consultations are continuing and Gazprom’s leaders are holding talks with Chinese partners on the contract terms. We hope to conclude the contract in May and believe it should come into effect by the year end.”
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    “Base price is the only problem to be solved,” Dvorkovich said on Wednesday at a session of a Russia-China intergovernmental commission on energy co-operation, co-chaired by Chinese Vice-Premier Zhang Gaoli.
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    In other plans, Russian company Novatek’s Yamal region LNG (liquefied natural gas) project was near ready for signing, Drovkovich said. Russia’s Rosneft had several interesting plans “seeking to increase maritime supplies by several million tonnes per year,” he said.
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    read more!

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April 11, 2014 Posted by | Economics | , , , , , , , , | Leave a comment

Jim Willie: US Dollar Funeral At Hand !

Storm Hurricane_Sandy_threatening_NewYork_Oct2012- storm

  • Jim Willie: US Dollar Funeral At Hand! 
    by http://www.silverdoctors.com/
    Summary
    A global clash of nations is underway in full gear.   The time is finally right. The urgency is acute.
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    The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in particular the robot sock puppets of the Untied States, see the end of the USDollar. They appear to wish to lay blame on Russia for the death of the dollar.
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    The global rejection began with the Iran sanction workarounds, where India bought Iran’s oil & gas, but paid with Turkish gold, delivered to Tehran banks. The global rejection will achieve escape velocity with the acceptance of Russian Rubles for its energy products. The global rejection will achieve additional escape velocity with the acceptance of Chinese Yuan payments for Saudi crude oil (then all OPEC oil).
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    Coming is the launch of both the gold-backed Russian Ruble and the gold-backed Chinese Yuan. The global rejection will be final, and the funeral will be announced. 
    =========================================
    By Jim WillieGoldenJackass.com
    A global clash of nations is underway in full gear. The storm is picking up speed, power, intensity, and damaging force. Many are the swirls of the current situation. A hodgepodge of topics have been caught and trapped, best to discharge on paper, the effect like a wondrous enema. The banker lies grow thicker, as they are unable to so easily deceive anymore. The potential currency fix appears more imminent, as the solution seen as an assault on American interests (military angle).
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    Any nation getting off the US Wagon Train is a rogue nation, the theme having become tired and ineffective. The fatal errors committed by the US economists and banker elite have finally resulted in clear signs of systemic failure. The psychological warfare is like a gigantic fog, as people’s defenses are being challenged, even those based in fantasy and convenience. The world is undergoing change, the nightmare continues, while the Paradigm Shift moves into the fast lane by expedience. Entire swaths of wealth are being waterlogged, tainted, and ruined.
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    The USDollar has been stuck in the corner for three years, finally pushed into the corner crack, sure to fall below the matt, where below lies a spittoon. The Hat Trick Letter informs and warns the public, converts the disheartened and confused among us, edifies clients, and provides forecasts like signposts to guide in the increasing fascist darkness. At the same time, it seems to drive families crazy, since when attempting to admonish and caution, the efforts are often seen as uncomfortable overturning of the temple tables (business and mental). So be it. Forewarned is forearmed, but many prefer their delusions and homes built upon false assumptions. The Jackass prefers reality accountable to the flow of events and verified facts, where actions can be taken in defense of livelihood and even life savings. The clash of worlds must be reported and properly understood.
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    CENTRAL BANKER LIARS
    Newly appointed USFed Chair Janet Yellen has wasted no time in her stream of lies. The crime syndicate headquarters talks of  tapering the bond monetization volume. As preface, be sure to know that unsterilized bond purchases, introduction of newly printed money without drainage in similar volume steps, has been considered the ultimate heretical practice for decades by the Economist Schools. It is called the greatest monetary sin, but now is blessed as a solution, perhaps no longer temporary. The Yellen Fed talks repeatedly about poor economic conditions, about weak bank structures, about punky labor markets, but also about improving something or other, while it speaks lies in great strokes. The financial circles applaud, while the business community languishes. They talk of reductions in the QE volumes, but they use back doors and proxies, hardly out of view. Yellen moved to the U6 jobless rate index, shoving the deceptive Clinton U3 jobless rate in the toilet. The USFed now has employed the Belgian bank as the new Caribbean offshore site. Its USTreasury Bond holdings are moving toward the $200 billion level. Recall this little turd on the economic table has no surplus and barely has an economy at all outside the finance sector. It operates as a parliament center and commission home office for pedafiles. The other deceptive tools used by the Yellen Fed are the same as those used by the Bernanke Fed, the powerful interest rate swap derivative. It produces leveraged phony demand without buyers, thus creates bond rallies out of thin air. Several banker murders were done to conceal the London Whale losses, estimated over $100 billion in the derivatives market. The story remains suppressed.
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    read more!

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April 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Charles Goyette: Ukraine May Accelerate PetroDollar’s Death!

April 10, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Jim Willie: U.S. Economy on Brink of Systemic Failure!

  • Published on Apr 7, 2014
    IN THIS INTERVIEW:

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    - Japanese economic collapse ahead ►1:13
    - Former Bank of Japan Governor says Japan’s QE is ineffective at helping economy.** What about the Federal Reserve’s QE? ►4:40
    - Russia to stop trading in U.S. dollar; petrodollar system is ending ►8:44
    - How will the average American be affected by the collapse of the petrodollar system – possible hyperinflation in U.S. ►15:19
    - Is it too late to prepare? ►24:56
    Jim Willie online ►http://GoldenJackass.com 

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April 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Paul Craig Roberts: Gold and The Dollar Are In A Fight to the Death!

  • Dr. Paul Craig Roberts: Gold and The Dollar Are In A Fight to the Death! 
    by Greg Hunter’s USAWatchdog.com 
    Former Assistant Treasury Secretary, Dr. Paul Craig Roberts, says, “Gold and the dollar are in a fight to the death.”  Dr. Roberts explains, “The Fed, in order to save a handful of banks too big to fail that are the mindless deregulation of the 21st century, the Fed has had to create a tremendous number of new dollars.  The United States has never experienced anything like the creation of new money it has issued from quantitative easing, which is now multi-years old.  Because the dollar has been the world reserve currency since the end of WWII, countries all over earth have huge stocks of dollars.  It’s not just countries or central banks, but companies and   individuals.  As people view their holdings, an enormous supply of dollars in light of this extraordinary printing of new money by the Fed, they get nervous.  They say ‘I should lighten up my holdings of dollars and get into something else.  Maybe I should get into gold or foreign currency.’  So, this puts pressure on the dollar’s exchange value.  The first way that pressure manifested itself was the rising price of gold.  Despite the fact the price of gold has been pushed down since 2011, it still has about the highest rate of return of just about anything in the 21st century.   The Federal Reserve, in order to protect quantitative easing which is necessary to save the banks, began manipulating the gold price in a new and more intense way.  They used their bullion banks to short the gold in the COMEX futures market.  The trouble with this policy is that it’s been going on long enough that it’s being recognized by people who formerly thought ‘the Federal Reserve would never do anything like that.’  Of course they would, and people are catching on.”
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    Dr. Roberts goes on to say, “Another factor is central banks such as China and Russia are purchasing more and more gold. . . . So, what is happening is the actual physical quantity of gold is moving out to Asia in such large quantities that supply in the West to meet purchases is diminished dramatically.  This is starting to bite on the ability of the Federal Reserve of this sort of operation of rigging the gold price. . . . So, it looks like the Fed could be running out of the ability to continue this policy, in which case it will be bad news for the dollar.”  So, is the Fed losing the fight to the death between gold and the dollar?  Dr. Roberts says, “They are not losing right now, but they’re running out of bullets; but the Chinese and the Russians are not running out of dollars in which to buy gold.  The Fed is running out of gold in which to make these deliveries.”
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    What happens when physical gold can no longer be delivered to buyers?  Roberts predicts, “The gold price would skyrocket.”  Dr. Roberts doesn’t give the timing for physical non-delivery of gold.  He does point out, “The fact they are having now to use naked shorts in the futures market, paper gold, implies they don’t have enough real physical gold to suppress the price any longer. So, they have to take it to the futures market where they can do it with purely paper contracts. . . . Yes, the possibility of not being able, at some point, to make delivery is real.  Of course, that then would cause all confidence to be lost certainly in the dollar.” 
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    read more!

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April 9, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , | 1 Comment

Russia’s Gazprom Plans to Sell Gas for Rubles!

http://en.itar-tass.com/economy/726785

Click on image to goto website!

  • Watch the war drums beat louder and louder! The western Illuminati will ratchet up their war propaganda against Russia and China. They will not allow anyone to threaten their global monetary hegemony, their world reserve currency: the dollar! They will attempt to start their Satanic World War 3!
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  • My understanding is that both Russia and China will not back down. They know war is coming, it is inevitable. The only way for them to cripple the war machine of the western Illuminati is to destroy the source of financing: the dollar. The western Illuminist banksters create trillions of dollars out of thin air to finance their wars of aggression, MIC, destabilization of nations, economic warfare, foment unrest/riots, manipulate prices, finance terrorism …. buy up the world.
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  • By selling gas in Ruble, Russia has effectively destroyed Wall Street’s ability to currency wage war against Russia. Because buyers will no longer need USD but need Ruble. Ie. demand for USD will decline and demand for Ruble will rise. There will not be any need for buyers (countries) to hold US Treasuries or USD to do business with Russia. Effectively, it is telling the western Illuminist banksters to piss off.
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  • It also implies that the Russians are prepared to dump the SWIFT system and use their own system (the long rumoured Gold Trade Settlement system by the China, Russia and the BRICS …. ).
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  • The end of the western Illuminati’s global monetary, economic and financial hegemony is near! So is World War 3!

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April 9, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

LaRouche: British Empire’s ‘Bail-In’ Driving Thermonuclear WWIII !

http://larouchepac.com/files/20140405-the-cable-has-been-cut_0.pdf

Click on image for pdf file!

“The President of the United States is now toying with a thermonuclear war, involving the United States and others against Russia and China” - Quote

“We are already on the road to a thermonuclear war on a global scale! … We’re on the verge, actually, of a thermonuclear war! … He’s (Obama) doing everything possible, step by step, to taunt Russia and now China into circumstances for thermonuclear war!” – Quote 11:50 onwards

WW3 is near?

WW3 is near?

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April 8, 2014 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , , , , | 1 Comment

End of U.S. Dollar & Collapse of Civilization as We Know It | James Corbett

  • Published on Mar 31, 2014
    IN THIS INTERVIEW:

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    - Emergence of “global hegemony” ►1:12
    - U.S. or Europe unlikely to announce significant sanctions on Russia ►6:15
    - End of U.S. Dollar and collapse of civilization as we know it ►8:27
    - Is Your 401k/IRA Safe? ►10:23
    - The corporate and banking interests capitalizing on coming crisis ►17:43
    - Our civilization is being “held hostage” by the banks; how do we get free? ►22:00
    - IRS announces Bitcoin “property” tax (http://1.usa.gov/1jRZHUL) ►28:04
    - Stand up now because “the future of humanity is hanging in the balance” ►31:10 

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April 8, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Russian Lawmakers Call on Oil and Gas Producers to Ditch ‘Dirty, Bloody Dollar’!

http://rt.com/politics/russian-dollar-abandon-parliament-085/

Click on image for article!

April 8, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

Jim Rickards: End Of The International Monetary System Is Imminent !

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April 7, 2014 Posted by | Economics | , , , , , , , , , , | 1 Comment

Keiser Report: Institutionalized Stealing!

  • Published on Apr 5, 2014
    In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss high frequency fraud, picking prices and then filling in the trades to get to that price. In the second half, is the second half of Max’s interview with Jim Rickards about his new book, The Death of Money. In this second half, they talk more about mutually assured financial destruction, the US dollar and the danger of insolvency.

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April 7, 2014 Posted by | Economics | , , , , , , , , , , , , | 1 Comment

The Economic War Has Begun Which Will Lead To WWIII ?!

  • Published on Apr 4, 2014
    Get economic collapse news throughout the day visit http://x22report.com 

    More news visit http://thepeoplesnewz.com 
    Report date: 4.4.2014
    Cyprus unemployment is now at record highs in March and getting worse. The US unemployment number are manipulated and the real unemployment is around 30% and there are 91 million people not in the labor force. The NSA spying continues in the US and the majority of the people are protecting themselves. A US congressman believes they are underpaid and should get a raise. China and Russia are pushing the economic war forward which is a direct threat on the dollar. The Syrian opposition is using another chemical false flag event and blaming it on Assad.

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April 7, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

US COLLAPSE Critical Alert! Dollar Crash has Begun!

April 7, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Moscow, Beijing Taking on the Dollar!

http://voiceofrussia.com/2013_07_26/Moscow-Beijing-taking-on-the-dollar-5431/

Click on image for article!

April 7, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

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