Socio-Economics History Blog

Socio-Economics & History Commentary

Countdown to Petrodollar Collapse: Saudi Arabia Will Be The Last Staw!

PetroDollar_Scam_Breaking_Down

PetroDollar is dying!

PetroDollar is dying!

  • ” ‘The day’ of reckoning is very close at hand and is inevitable. …. It is my expectation that we will hear any day now from the Saudi Arabians. … Should Saudi Arabia make an announcement of accepting another currency, the dollar will probably gap down 2-3 points initially and never again return to these current ‘heights.’ … In my opinion, our markets and banking system will not hold together more than 2 weeks after any such Saudi  announcement and it could be much faster .. - Quote
    -
  • Saudi Arabia Will Be The Last Staw
    by Bill Holter, http://blog.milesfranklin.com/ 
    Vladimir Putin spoke last week to Russian diplomats and in my opinion “told it like it really is” whether we like it or not.  He said that “the time of U.S. domination has ended and Russia will be reintegrating the Eurasian landmass (former USSR), while promoting better relations with Europe, ‘which is our natural partner’. “  The full story can be found here.
    -
    The following is just a sample of what has happened in just the last week alone.  Mr. Putin made this speech and also made the statement that the U.S. was trying to “blackmail” France into not doing business with Russia.  France signed a yuan swap deal with China followed by the head of France’s central bank saying flat out that the world will be encouraged to diversify away from using the dollar.  Also from France, the CEO of energy giant Total said he believes “there is no reason to pay for oil in dollars”.  South Korea announced direct trade with China where no dollars will be used.  Saudi Arabia, Egypt and Jordan all called troops to defend their borders with Syria and Iraq in anticipation of ISIS turning their sights towards them.  The largest bank in Austria revealed that their bad loan portfolio increased by 40%.  In the U.S., the big news was the creation of 288,000 “new jobs”.  Unless you look under the hood you will not hear that 500,000 full time jobs were lost and 800,000 part time jobs were created.  These are all big individual stories and all have something to do with a weakening dollar, a weakening United States and reasons to move away from the dollar.
    -
    Almost everything that is now happening (almost exclusively bad) revolves around the dollar.  Actions by the U.S. that are now more and more obvious and desperate are designed to prolong the dollar’s life and actions by foreign nations are simply the preparations for when the day does finally arrive.  “The day” of reckoning is very close at hand and is inevitable.  We have lived for several decades where we “borrowed to buy” and paid with a currency that we can print freely and never really settled.  We never “planned” to settle …this was the plan.
    -
    One by one our allies are leaving us.  Britain has already announced direct currency swaps with China.  France is doing business directly with Russia.  South Korea is also doing direct business with China.  All of these deals are with the exclusion of U.S. dollars.  Each individual deal that is done is another chip away at the dollar.  It is my expectation that we will hear any day now from the Saudi Arabians.  They are the absolute trump card and should they announce any deal with any partner in any currency other than dollars, “the day” will have arrived.  Should Saudi Arabia make an announcement of accepting another currency, the dollar will probably gap down 2-3 points initially and never again return to these current “heights.”  No matter how it is spun by the press, Washington or Wall Street, please know that life as we knew it will have changed.  For us Americans, there will be no going back.
    -
    In my opinion, our markets and banking system will not hold together more than 2 weeks after any such Saudi  announcement and it could be much faster (as in the next day or even same day).  This is not me “crying wolf”.  The wolf is at the door and if you put the international pieces together this is clear.  Life inside of the U.S. (and all over the world) will change.  Our standard of living will be crushed.  What “dollars” you have left after the smoke clears will purchase far less than they do today.  In my opinion it will take 10 to 20 years before our ship can possibly be righted but never to the status that we have enjoyed so far during our lifetimes.
    -
    Please do not be fooled or lulled into the “it can’t happen” here syndrome.  Who would have thought that Britain, France and South Korea would ever defect their business practices away from the U.S.?  This has all happened in a very short time span.  I can’t tell you strongly enough that Saudi Arabia will be the last straw, this is only be a matter of time.  We know that even our closest allies are moving away from the dollar and we also know that Saudi Arabia has had several top level talks with both Russia and China recently.  How much more of a “2+2=4″ equation do you need?

end

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

John Rubino: Money Bubble Will Pop!

  • John Rubino: Money Bubble Will Pop! 
    by Greg Hunter’s USAWatchdog.com 
    John Rubino, author of the new book “The Money Bubble,” can sum up the ongoing global financial problems in a single phrase: “There is too much debt.” Rubino goes on to say, “Debt works the same way for a country as it works for an individual or a family, which is to say if you borrow too much, then your life basically craters. Everything gets harder to do, and you end up doing things in order to deal with your past mistakes that you would never do normally. You start trying absolutely crazy things, and that’s where the world’s governments are right now. . . . We are doing all these things that are essentially con games and getting away with it so far because a printing press is a great tool for fooling people. I don’t see how we can get away with it too much longer.”
    -
    On the subject of increasing oil prices because of Middle East turmoil, Rubino says, “If gasoline goes to $5 a gallon in the U.S., which it could easily, that’s like a massive tax increase. This would come at a time when things are not that good and consumers are starting to borrow more and more money again. Governments are already deeply in debt. The derivatives markets are marching towards quadrillion dollars of notional value. The system is incredibly fragile because we borrowed too much money. . . . which causes us to do crazy things to prevent this fragility from turning into a 1930’s style depression or a Weimar Germany hyperinflation? That’s really where we are right now.” What could pop this “money bubble”? Rubino says, “The Middle East could be the catalyst that blows everything up. Derivatives could blow everything up. Japan is insanely indebted right now. . . . A currency crisis there could reverberate around the world. There are big problems everywhere you look.”
    -
    On the subject of public compliancy with an enormous financial system that has never been fixed, Rubino explains, “Most people sense that something is wrong. They don’t think the country and world are being run right, but it has been going on for a very long time. They are questioning whether it could go on forever. They have been hearing these gloom and doom predictions for a very long time, and they haven’t played out yet. The reason for that is a printing press is an amazing tool for fooling people.” Rubino also contends, “We could spend the entire show just going through the lies we are being told, one by one, with the stock market and LIBOR and gold manipulation and all the rest.” Let’s not forget money laundering for drug cartels and terrorists, where big banks are only fined in place of criminal charges. Rubino says, “There are crimes basically across the spectrum and nobody goes to prison, for this is a sign of how completely the banking system owns the government now. . . . They basically have made themselves immune to prosecution at a personal level. We could talk about this all day long and not run out of crimes to discuss.”
    -
    read more!

end

July 9, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

The Almighty Dollar Is In Peril As The Global ‘De-Dollarization’ Trend Accelerates!

Death_of_dollar_RIP

  • The Almighty Dollar Is In Peril As The Global ‘De-Dollarization’ Trend Accelerates! 
    by Michael Snyder, http://theeconomiccollapseblog.com/ 
    As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade.  In previous articles, I have discussed Russia’s “de-dollarization strategy” and the fact that Gazprom is now asking their large customers to start paying in currencies other than the dollar.  But this is not just a story about Russia any longer.  As you will read about below, China and South Korea have just signed a major agreement to facilitate trade with one another using their own national currencies, and even prominent French officials are now talking about the need to use the dollar less and the euro more.
    -
    John Williams of shadowstats.com recently said that things have never “been more negative” for the U.S. dollar, and he was right on the mark.  The power of the almighty dollar has allowed all of us living in the United States to enjoy an extremely high standard of living for decades, but as that power now fades it is going to have profound implications for the U.S. economy.  In future years the value of the dollar will go down substantially, all of the imported goods filling our stores will become much more expensive, and it is going to cost the federal government a lot more to borrow money.  Unfortunately, with the stock market hitting all-time record highs and with the mainstream media endlessly touting an “economic recovery”, most Americans are not paying any attention to these things.
    -
    French oil giant Total is one of the largest energy companies in the entire world.  On Saturday, Total’s CEO made an absolutely stunning statement.  According to Reuters, he told reporters that there “is no reason to pay for oil in dollars”…
    -
    “Doing without the (U.S.) dollar, that wouldn’t be realistic, but it would be good if the euro was used more,” he told reporters.
    -
    There is no reason to pay for oil in dollars,” he said. He said the fact that oil prices are quoted in dollars per barrel did not mean that payments actually had to be made in that currency.
    -
    If Gazprom’s CEO had made such a statement, it would not have really surprised anyone.  But this came from a high profile French CEO.  A decade ago, it would have been unthinkable for him to say such a thing.  Wars have been started over less.  Virtually all oil and natural gas around the planet has been bought and sold for U.S. dollars since the 1970s, and this is an arrangement that the U.S. government has traditionally guarded very zealously.  But now that Russia has broken the petrodollar monopoly, the fear of questioning the almighty dollar appears to be dissipating.
    -
    And at this point even French government officials are not afraid to publicly discuss moving away from the U.S. dollar.  Just check out what French finance minister Michel Sapin said to the press this weekend
    -
    read more!

Economy-RIP-tombstone

end

July 8, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

CEO Of One Of The World’s Largest Energy Majors “Sees No Reason For Petrodollar”!

PetroDollar_Scam_Breaking_Down

end

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

Russia Strikes Out at Sanctions and Takes Its Battle to the Dollar!

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

Click on image for article!

  • Russia Strikes out at Sanctions and Takes its Battle to the Dollar! 
    by Stefan Hedlund, worldreview.info, via http://www.globalresearch.ca/
    The European Union sees a new deadline on implementing economic sanctions against Russia over the Ukraine crisis expire today, June 30, 2014. But Russia’s President Vladimir Putin is turning the tables on the United States to spur a global ‘de-dollarisation’, writes Professor Stefan Hedlund.
    -
    Ru
    ssia is making a concerted attack on the status of the America’s greenback dollar as a global reserve currency and is in the process of abandoning the ‘petro-dollar’ as its trading unit for oil and gas.
    -
    Russian energy companies have been told to ditch the dollar and sign contracts in rubles and the currencies of partner-countries. The desire to reduce the use of dollars is in line with China’s aim to promote international use of the Chinese yuan. Other emerging market nations would also like to see reduced American hegemony.
    -
    An attack by Russia on the US dollar would be devastating and could, in theory, trigger a stock market collapse in the United States. However, the status of the greenback as global reserve currency is not yet under serious threat, for the simple reason that the alternatives are worse. But the Russian attack may prod the global economy to take a further step on the road to a system without a designated reserve currency.
    -
    If Central Banks across the world were to sell off their holdings of US government bonds, then the US economy would be flooded with dollars, causing the currency to plummet, inflation to spike and interest rates to skyrocket.
    -
    The consequent rise in the cost of financing government debt would be monstrous, and having to return to fiscal balance would force the closure of so many social spending programmes that there would be rioting in the streets.
    -
    It is unlikely this will happen, but it does provide a sobering background to the game Russia is playing, and what may eventually happen if Washington persists in refusing to get its own house in order.
    -
    Over the past few decades, the world has become so used to viewing the greenback as the ‘natural’ global reserve currency that warnings about a possible end to this way of cheaply financing the US deficit have been routinely shrugged off. Measures to prepare for a declining role of the greenback are not being implemented.
    -
    In the aftermath of the subprime mortgage crisis which triggered the recession in 2008, and the humiliating 2011 downgrade of the US sovereign credit rating, warning voices have begun to question how long this can go on. Those who are the biggest holders of US debt, mainly the BRICS countries (Brazil, Russia, India, China and South Africa), have begun looking for ways to move away from the dollar.
    -
    Ever since the collapse of the Soviet Union in 1991, Russia has been addicted to US dollars. During the turbulent 1990s, the greenback all but replaced the collapsing ruble offering both a means of exchange and a store of value. With the spike in oil prices which began in 2001, the Russian Central Bank has been able to stabilise the currency, and the role of the dollar has receded.
    -
    read more!
http://voiceofrussia.com/2014_04_22/Time-is-running-out-for-the-US-dollar-5142/

Click on image for article!

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

Click on image for article!

http://voiceofrussia.com/2014_04_04/Russia-prepares-to-attack-the-petrodollar-2335/

Click on image for article!

end

July 3, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

ISIS (CIA) Run Out of U.S. Embassy in Turkey!

Iraq-isis-cia-mosul

  • Western Illuminist intelligence agencies: CIA, MI5/6, Mossad … at work here! The scripts they are following are quite obviously Samuel Huntington’s Clash of Civilizations and Albert Pike’s Satanic World War 3!
    -
  • Samuel Huntington’s: Clash of Civilizations (Wikipedia)
    More recent factors contributing to a Western-Islamic clash, Huntington wrote, are the Islamic Resurgence and demographic explosion in Islam, coupled with the values of Western universalism—that is, the view that all civilizations should adopt Western values—that infuriate Islamic fundamentalists. All these historical and modern factors combined, Huntington wrote briefly in his Foreign Affairs article and in much more detail in his 1996 book, would lead to a bloody clash between the Islamic and Western civilizations. The political party Hizb ut-Tahrir also reiterate Huntington’s views in their published book, The Inevitability of Clash of Civilisation.[8]
    -
  • Albert Pike’s Satanic World War 3 Plan
    The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion… read more!
    -
  • ISIS Run Out of U.S. Embassy in Turkey! 
    by Kurt Nimmo | http://www.Infowars.com
    Capturing oil and engendering sectarian strife on the agenda

    According to the former Prime Minister of Lebanon, Saad Hariri, the United States runs ISIS operations in Iraq out of its embassy in Ankara, Turkey. The plan to carve up Iraq and spark a regional war in the Middle East was masterminded by the Atlantic Council, according to Hariri.
    -
    A source close to Hariri said the finishing touches were put on the balkanization plan during a George Soros funded Atlantic Council energy summit held in Istanbul last November.
    -
    “We view the current period as a turning point, just like 1918 and 1945. Turkey is in every way a central country, as a creator of regional stability. However much the USA and Turkey can work in unison, that is how effective they will be,” Atlantic Council President Frederick Kempe said during the summit.
    -
    Turkey, Saudi Arabia, Qatar, and Kuwait have worked closely with the United States to push the Alawite Shi’a regime of Bashar al-Assad from power in Syria. According to Hariri’s source the Shi’ite regime installed in Baghdad has frustrated the effort to enable to jihadist mercenaries in Syria and stands in the way of the ongoing effort to diminish the power of Iran.
    -
    “Had Baghdad been more cooperative about the Syrian oil fields at Deir-Ez-Zor in early 2013 and about autonomy for the North [Iraq's northern, predominantly Kurdish region] they would possibly not have turned against al-Maliki,” the source said.
    -
    ISIS in Syria was scheduled to control Deir-Ez-Zor by August of 2013, but the timeline was sidelined when Britain decided not to support the bombing of Syria. The lack of air strikes allowed the Syrian government to run both ISIS and Jabhat al-Nusra out of Deir-Ez-Zor and relinquish control of the al-Thayem oil field.
    -
    The ISIS offensive in Iraq resulted in empowering the Kurdish Regional Government (KRG) and handing over oil installations in the disputed Kirkuk province.
    -
    Exxon Mobil, Chevron and Total are negotiating with the KRG to gain access to the oil. In 1998 it was demonstrated that the Kirkuk Field had 10 billion barrels of proven remaining oil reserves. The Kirkuk–Ceyhan Oil Pipeline runs through ISIS held territory to Ceyhan, Turkey.
    -
    ISIS… was supposed to control [the region around] Deir Ez-Zor. [Turkish Energy Minister Taner] Yildiz and [Kurdish] Energy Minister Ashti] Hawrami were to make sure the oil could flow via the Kirkuk – Ceyhan [pipeline]… Ankara put al-Maliki under a lot of pressure about the Kurdish autonomy and oil, too much pressure, too early, if you’d ask me,” the source reportedly said.
    -
    The fierce battle between ISIS and the Iraq government at the Baiji plant, the largest oil refinery in Iraq producing 300,000 barrels of oil per day, emphasizes one of the primary objectives of the ISIS offensive.
    -
    In addition to establishing a medieval caliphate and imposing an austere version of Sharia law, ISIS is moving to secure oil resources in both Syria and Iraq. Balakanization of the region and control of assets by fanatical Muslims will allow transnational oil corporations to cut lucrative deals smiliar to the arrangements they are currently negotiating with the Kurds.
    -
    This sort of behavior represents business as usual for the global elite. It is reminiscent of the attitude prevailing after the CIA and Pakistani intelligence installed the Taliban in Afghanistan. Recall the ebullience of the U.S. State Department after the Taliban captured Kabul and took power in the mid-1990s.
    -
    read more!

end

July 1, 2014 Posted by | GeoPolitics, History | , , , , , , , , , , , , , , , , | Leave a comment

Chris Martenson: Iraq Crisis-$150 to $200 Oil Might Seem Cheap!

  • Iraq Crisis-$150 to $200 Oil Might Seem Cheap-Chris Martenson! 
    by Greg Hunter’s USAWatchdog.com
    Chris Martenson is an economic researcher and futurist who produced a popular video seminar called “Crash Course.”   Back in early 2008, he explained the “interconnected forces in the economy, energy and the environment.”  Now, he has produced a new “Accelerated Crash Course,” and this theme is playing out in places like Iraq.  Martenson says, “If you want to understand what is going on in Iraq, you have to understand what is going on with energy in this part of the game. . . .The U.S. media goes out of its way to pretend this is just some random thing that happened.  A bunch of crazy people came out of Syria and are causing trouble. . . . The post reconstruction effort in Iraq, if it wasn’t designed to fail, it was the biggest bungling job of all of history.  We dismantled key institutions, we dismantled their army and left the country a hollowed out shell.  Guess what, now that’s breaking.”  Martenson goes on to point out, “Here’s why it affects us.  Oil and oil infrastructure is fragile stuff.  A refinery is thousands of moving parts and miles of tubes and pipes.  One mortar lobbed in there and that whole refinery gets shut down. . . . The idea we can have full blown Sunni, Shia, Kurd conflict where they’re going to duke it out for power, and have all that oil infrastructure remain untouched, I think is a fantasy.”
    -
    So, what happens to oil prices if Iraqi oil is taken off the market because of war?  Martenson says, “If that goes away, oil prices are set at the margin.  That 2.5 million barrels going off line brings us to $150 oil.  If something worse happens, Saudi Arabia gets involved or the Strait of Hormuz gets closed down, then we’re talking about numbers like $200 a barrel, and that might even seem cheap.  We don’t know how high oil could go if this turns into regional conflict.  That is the risk, and it’s on the table now.”
    -
    read more!

end

June 30, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: MERS is a Bio-Weapon Attack Against the Saudis! SARS Was a Bio-Weapon Attack Against the Chinese!

“The United States did something already to the Saudis and it angered them to no end. They released a deadly virus! This is what we do. (Rick Wiles: You talking about the MERS?). Yes. And that I think took the Saudi royals over the edge…”

“… And really very closely timed after the MERS’ released from the US Army bio-weapons lab of Fort Detrick! Wake up Americans! We’re the virus source. We developed SARS targeting China! We developed HIV targeting Africa!” - Quote from 47:22 onwards 

http://www.dailymail.co.uk/news/article-2307170/China-bird-flu-outbreak-Officer-accuses-United-States-secret-biological-attack.html

Click on image for article!

end

June 30, 2014 Posted by | Economics, GeoPolitics, Medicine & Health, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

GEAB N°86: Global Systemic Crisis – The Major Global Geopolitical Reconfiguration!

In red: major gas pipelines under construction. Blue and green dots: projected pipelines. Green line: existing gas pipelines. Source : Gazprom/RT.

In red: major gas pipelines under construction. Blue and green dots: projected pipelines. Green line: existing gas pipelines. Source : Gazprom/RT.

  • GEAB N°86 is available! Global systemic crisis – The Major Global Geopolitical Reconfiguration! 
    by http://www.leap2020.eu/ 
    Last month our team anticipated that the Ukrainian crisis would provide the conditions for a jolt [1]. Due to lack of space and because this jolt is much more evident in the rest of the world, we tried to identify the reasons for this jolt to only from a European perspective. But this month we are going to take a closer look at the consequences of the phenomenal acceleration of all the “world afterwards[2]” structural trends which have long been at work.
    -
    After nearly 6 years of blocking the normal development of systemic transition, a blocking caused by a flood of dollars leading to a renewed artificial global addiction to the US dollar, history is now taking its course. It isn’t as if during these six years nothing has happened. On the one hand, the US has failed to relaunch its economy (a process now made visible by the -1% US growth made public at the end of May[3]) and the actual situation for Americans has only got worse (private debt[4], pensions[5], cities[6],…); and on the other, the emerging nations have used – and contributed to creating – this “pause” to prepare themselves for the ultimate and inevitably painful stages of completing the crisis which we are now approaching.
    -
    The Ukrainian crisis and the characteristic aggression against the legitimate interests of one of the major players in the emerging multipolar world, Russia, as well as the US’ attempted annexation of Europe[7], have blown the whistle for the end of the game. The whole world has thus realized that the US was on its last legs, henceforth dangerous and that it had become urgent to move on.
    -
    Moreover, some no longer have a choice, beginning with the Russians who are forced[8] to lay the foundations of a vast global geopolitical reconfiguration by signing the famous gas supply agreement with China[9], this new energy supply route which changes everything and to which we will come back later.
    -
    We are going to examine the drivers and characteristics of this major reconfiguration on three regions: Asia, the Middle East and Europe, and finally propose avenues for reflection on the need to think about the interregional relations of tomorrow.
    -
    Layout of the full article:
    1. TOWARDS A REGIONAL REALIGNMENT
    2. ASIA – WHAT THE RUSSIAN-CHINESE GAS DEAL CHANGES
    3. THE MIDDLE EAST – WHAT ASSAD’S VICTORY IN SYRIA CHANGES
    4. UNITED STATES – WHAT THE YUANIZATION OF WORLD TRADE WILL CHANGE
    5. EUROPE – WHAT THE WEAKENING OF THE MAJOR COUNTRIES (FRANCE, THE UNITED KINGDOM) WILL CHANGE
    6. REGIONAL INTEGRATION – METHODOLOGICAL DEVELOPMENT
    7. FREE-TRADE IN QUESTION – RETHINKING TRANS-REGIONAL RELATIONS
    8. CONCLUSION
    -
    This public announcement contains section 2.
    […]

    -
    ASIA – WHAT THE RUSSIAN-CHINESE GAS DEAL CHANGES
    But for now let’s take a closer look at the consequences of the Russian-Chinese gas deal.
    -
    read more!

The_End_of_the_Dollar_Russia_China_attacks

end

June 28, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan Or Rubles!

Death_of_dollar_RIP

  • Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan Or Rubles! 
    by Tyler Durden, http://www.zerohedge.com
    A little over a month ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a US Dollar reserve currency, neither is yet able to provide an alternative. This changed rather dramatically overnight when in a little noticed statement, Gazprom’s CFO Andrey Kruglov uttered the magic words (via Bloomberg):
    -
    *
    GAZPROM READY TO SETTLE CHINA CONTRACTS IN YUAN OR RUBLES: CFO
    -
    In other words just as the US may or may not be preparing to export crude – a step which would weaken the dollar’s reserve status as traditional US oil trading partners will need to find other import customers who pay in non-USD currencies – the world’s two other superpowers are preparing to respond. And once the bilateral trade in Rubles or Renminbi is established, the rest of the energy world will piggyback.
    -
    But wait, there’s more. Because only now does Gazprom appear to be unveiling all those “tangents” that were expected to hit the tape in May. Among Kruglov’s other revelations were that Gazprom is in talks on a Hong Kong listing and is weighing the issuance of Yuan bonds. Gazprom is also considering selling bonds in Singapore dollars, the CFO said at briefing in Moscow. Wait, you mean that by alienating and embargoing Russia from western (USD, EUR-denominated) funding markets, it has pushed the country to turn to its pivoting partner, China and thus further cementing the framework for the next Eurasian strategic alliance?
    -
    read more!

end

June 26, 2014 Posted by | Economics | , , , , , , , , | Leave a comment

Gordon Long: Iraq About US Dollar, Hyperinflation Trouble in 2015!

  • Gordon Long: Iraq About US Dollar, Hyperinflation Trouble in 2015! 
    by Greg Hunter’s USAWatchdog.com  
    Macroeconomist Gordon Long says, “We’re not really running a capitalist system.  We are running a credit system.  Instead of using savings, we are using credit.  Credit, the way we are doing it now, is really a form of counterfeiting.  If you look at the $72 trillion shadow banking system that we have operating right now, that is generating this credit . . . it collapsed in 2008 . . . and now it’s on a hairy edge.  It’s not mortgages and housing this time.  It’s student loans through Sallie Mae.  These students don’t have any hope of paying this back.  We are talking north of $1.1 to $1.2 trillion.  It’s car loans this time because of subprime.  That’s the way to look at car loans, they are sub-prime. . . . And you got these highly leveraged real estate investment trusts also operating through the shadow banking system.  These problems are blatantly evident, and I don’t think the powers that be have any control over them.”On the next financial crisis, Mr. Long contends, “I think 2008 was an early warning signal of the magnitude of the problem.  We didn’t fix it.  We did extend and pretend.  Dodd-Frank did not solve the underlying issues.  The global swaps market went from $600 trillion to $700 trillion last year, alone.  We’ve watched the shadow banking system push through $72 trillion.  So, we didn’t stop it.  We just, in fact, inflamed it even worse, and we got into even riskier kinds of assets.  Is it imminent?  No, I think we are talking 2015.  I think we have a little bit of a deflation scare before we get into the hyperinflation.  Don’t underestimate the central bankers and the politicians’ ability to kick the can down the road.  They still got some more bullets here.”
    -
    Will the crisis in Iraq get out of control?  Gordon Long says, “I happen to think that it probably will because we are not resolving the basic problems.  But the big core issue here is the petrodollar.  It’s not about oil and it’s not about gas.  It’s about what it is bought and paid for in, and that is U.S. dollars.  There is no one that trades any one of those products in anything other than U.S. dollars . . . right now, as of today. . . . As long as the trading continues in U.S. dollars, all those dollars will stay out there and not come back to the United States.  When it comes back to the United States, you will have hyperinflation.  These conflicts need to be seen in the context of they are really going to force groups to trade in other than the U.S dollar.  That’s the problem because they are going to come back.  They are going to say I have a U.S. dollar, and I am going to make a claim on it.  That’s what is going to drive the hyperinflation.  That’s what is going to drive the currency crisis.  This is about trading in the U.S. dollar. . . . We are looking at spring 2015 to Q three.  There is trouble there.”
    -
    read more!

end

June 26, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

David Icke: Illuminati Destabilization of the Middle East!

http://www.infowars.com/isis-domestic-terror-threat-created-by-cia-and-u-s-military/

Click on image for article!

June 24, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off

ISIS Onslaught: ‘If Nothing Changes Iraq Will Be Country of Orphans & Widows’!

June 24, 2014 Posted by | GeoPolitics | , , , , , , , , , , , | Comments Off

ISIS: Baghdad Next, Oil Production Will Dive, Price Will Rise!

  • A rise in the price of oil will cause an increase in demand for the US dollar! Wow, isn’t it great the ISIS, Al CIAda (ahem) Al Qaeda is supporting the petrodollar!?

petrodollar-system-101

petrodollar-explained

http://www.amazon.com/Big-Their-Bankers-Persian-Gulf/dp/1453757732#_

Great book by Dean Henderson documenting the Illuminati Banking Cartel, Big Oil, Global Drugs Trade, Terrorism, Illuminist intelligence agencies …. etc.

end

June 24, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Comments Off

John Perkins: Corporate Empire Created Failed Global Economic System!

  • John Perkins: Corporate Empire Created Failed Global Economic System! 
    By Greg Hunter’s USAWatchdog.com 
    John Perkins, best-selling author of “Confessions of an Economic Hit Man,” says corporations, not governments, run the world.  Perkins explains, “We are in a world situation unlike anybody has ever known before.  We have a global corporate empire.  It’s a corporate empire and not a United States empire.  It’s the first time in history it’s really not a national empire.  It’s the corporatocracy, the heads of corporations, which control everything in the world.  This is not a conspiracy theory.  The corporations don’t get together and confer with each other secretly, but they are all driven by one motive, which is to maximize profits regardless of the social and environmental costs.  Let’s face it, the economy of China, the economy of Russia and the economy of the United States is very dependent on these big corporations.  China has done a lot to create its own economic growth, but it could not have happened without the big multinationals.  So, they play an incredibly important roll today; and, in fact, this has created a failed global economic system.  Just one statistic that is really telling is less than 5% of us live in the United States and we consume almost 30% of the world’s resources, while half the world is starving or on the verge of starvation.  That is not a model.  China can’t do that.  Russia can’t do that.  Africa can’t do that.  You can’t repeat that, but they are trying to repeat it . . . but they can’t.”
    -
    Where does the crisis in Iraq fit in?  Perkins, a former chief economist who advised the U.S. Treasury Department and the IMF, to name a few, says, “Another force has now stepped up to the stage and that’s the militant Islamic force, and it’s a very strong force.  It is a very anti- capitalistic force.  So, it is the force going up against the corporatocracy.  Even though Russia, China and the United States compete on many levels as they are doing in Ukraine and other places, they have a common enemy, which is this Islamic regime that wants to overthrow the corporatocracy.  I am not talking about all Islamic people by any means; I am talking about the radical Islamic militant groups like ISIS that is coming into strength in the Middle East right now.”  Perkins goes on to say, “Now, what’s happening suddenly in Iraq, Syria, Iran and the whole Middle East is exploding once again.  I think Middle East oil is not nearly as important as a few years ago.  There are other alternatives now.  Having said that, the oil companies will use what’s going on in the Middle East to jack up prices as high as they think they can and blame what is going on there for that.”  Perkins adds, “They’ll also use thatto convince all of us that we should be fracking, using tar sands, building these pipelines that are being so strongly opposed across Canada and across the United States.  What’s going on in the Middle East will be used as a leverage point to further these projects that are so strongly opposed by a lot of environmentalists.”  Perkins gives “at least a 60%” chance that oil is going to $150 to $200 a barrel.
    -
    On the Ukraine crisis, Perkins says, “After the demise of the Soviet Union in 1991, the United States was the only super power in the world.  But rather than using that as a real launching pad to do great things in the world, we exploited people.  Again, it wasn’t so much the United States, but they used the United States and the United States went along.  Let’s face it; nobody gets elected in the Unites States without huge corporate support.  It’s not Obama’s fault.  He wouldn’t have gotten elected if he hadn’t taken that support, and then he becomes a servant to the corporations.  They have reacted very, very badly including in the former Soviet Union countries.  The corporatocracy, the United States, allied with much of Europe and tried desperately to embrace these countries and bring them into our sphere of influence primarily for the corporations.  Russia has taken exception to this . . . so, I think we made some classic errors there.” Join Greg Hunter as he goes One-on-One with best-selling author John Perkins. 

end

June 23, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | 1 Comment

Follow

Get every new post delivered to your Inbox.

Join 815 other followers