Socio-Economics History Blog

Socio-Economics & History Commentary

Ukrainian Tanks Start Massive Shelling of Militia Positions – DPR Defense Ministry

http://tass.ru/en/world/788440

Click on image for article!

April 11, 2015 Posted by | GeoPolitics | , , | 1 Comment

Is This the Start of WW III? Kiev Breaks Minsk Agreement, Reinvades Donbass!

World_War_3-US_NATO_Ukraine_Russia_Bear_Putin_Obama

http://www.westernjournalism.com/world-war-iii-inches-closer-us-house-votes-arm-ukraine/

Click on image for article!

War_on_Russia-House_declares_war_on_Putin World War Obama

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Obama Actions Driving the World to the Brink of General War!

WW3 is near?

WW3 is near?

  • Emphasis mine:
  • Obama Actions Driving the World to the Brink of General War!
    by https://larouchepac.com/  
    Just as Lyndon LaRouche warned in the Friday, April 3 webcast, President Obama is propitiating the Saudis and virtually inviting a major war eruption, beginning in the Persian Gulf. The Obama Administration is accelerating the delivery of weapons to Saudi Arabia, to sustain the bombing campaign against Yemen. American military advisors are working out of a “fusion center” in Riyadh, planning out the escalating Saudi intervention into what is, in reality, an internal dispute in Yemen. The Saudis claim they are fighting a surrogate war against Iran in Yemen, lying that the Houthis are simply Iranian proxies. This is a total hoax, but the Saudi hoax is aimed at triggering a big war.

    LaRouche warned that, with the P5+1 deal with Iran moving forward, the Saudis must be pinned down, and ordered to stay out. Any toleration of Saudi meddling will lead to an unstoppable escalating war. By giving military backing and logistical and intelligence support to the ongoing Saudi operations, President Obama is doing precisely what LaRouche warned he would do. This is a recipe for global war.

    What Obama should be forced to do, instead, is release the 28 pages from the original Joint Congressional Inquiry into 9/11. Let the world know what the Saudis and their British Royal partners are really all about. Without the Anglo-Saudi alliance, there would be no Al Qaeda, no Islamic State, virtually no terrorism. They executed the 9/11 attacks to aid Bush and Cheney in establishing dictatorship over the United States.

    This shameful behavior by Obama, backing the Saudis militarily, and covering for the Saudis by keeping the lid on the 28 pages, is yet one more proof that he is unfit to be President, and never was fit in the first place. He is more or less as bad as all of the Bush family combined.

    Obama’s biggest crime is his behavior against Russia, which has also brought the world to the brink of war—potentially a thermonuclear war. Through Victoria Nuland and others, Obama is waging warfare against Russia, and overtly backing neo-Nazis in Ukraine.

    The targeting of Russian President Vladimir Putin is not just about Russia. It is about the growing Russia-China global partnership, a partnership that, along with India, represents the core of the BRICS movement for a new global paradigm. Chinese Foreign Minister Wang Yi was in Moscow on Tuesday, April 7, to meet with both Foreign Minister Sergei Lavrov and President Putin, to prepare the May 8 visit of President Xi Jinping, to commemorate the 70th anniversary of the victory in World War II. Putin and Wang Yi noted that, in the past two years alone, Russia and China have signed 107 joint agreements, many involving major international infrastructure projects. President Putin made clear that Russia is intent on fully backing China’s New Silk Road initiative.

    read more!

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April 11, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , | Comments Off on Obama Actions Driving the World to the Brink of General War!

Zionist Terror in Gaza: Free Gaza and Free the World !

https://socioecohistory.wordpress.com/2012/12/03/ashkenazis-self-styled-jews-are-not-the-descendants-of-the-ancient-israelites/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

  • Modern Ashkenazi Khazars (90+% of modern Jewry) are NOT the Jews of the Bible! Ashkenaz is not from the tribe of Shem ie. not semitic! They cannot be the descendents of Jacob/Israel who are from Shem!

    Genesis 10:1-3 (New King James Version)
    Nations Descended from Noah
    1 Now this is the genealogy of the sons of Noah: Shem, Ham, and Japheth. And sons were born to them after the flood. 2 The sons of Japheth were Gomer, Magog, Madai, Javan, Tubal, Meshech, and Tiras. 3 The sons of Gomer were Ashkenaz, Riphath,[a] and Togarmah.
https://socioecohistory.wordpress.com/2012/12/03/ashkenazis-self-styled-jews-are-not-the-descendants-of-the-ancient-israelites/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

http://www.independent.co.uk/news/world/middle-east/former-israeli-soldier-describes-how-idf-troops-do-not-view-palestinians-as-human-beings-9828056.html

Click on image for article!

We are trained to not see Palestinians as humans – former IDF soldier!

http://www.haaretz.com/misc/article-print-page/.premium-1.590048?trailingPath=2.169%2C2.216%2C2.217%2C

Click on image for article!

http://www.haaretz.com/opinion/a-good-jew-hates-arabs-1.459832

Click on image for article!

http://www.haaretz.com/news/diplomacy-defense/.premium-1.530993

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https://socioecohistory.wordpress.com/2011/05/26/ashkenazi-jews-are-not-descendents-of-the-biblical-israelites-2/

Click on image for article!

  • Sir Gerald Kaufmann (UK Jewish MP):
    “My grandmother was ill in bed when the Nazis came to her home town. A German soldier shot her dead in her bed. “My grandmother did not die to provide cover for Israeli soldiers murdering Palestinian grandmothers in Gaza. ”

    “The present Israeli government ruthlessly and cynically exploits the continuing guilt among gentiles over the slaughter of Jews in the Holocaust as justification for their murder of Palestinians.”

  • He said the claim that many of the Palestinian victims were militants “was the reply of the Nazi” and added: “I suppose the Jews fighting for their lives in the Warsaw ghetto could have been dismissed as militants.”

‘Israel was born out of Jewish Terrorism! …. They are not simply war criminals. They are fools!’

  • … it turns out the creation of Israel had not, after all, been a haphazard fight in which the Arabs fled their homes at the directives of their own leaders, but it had been an unprovoked, systematic campaign of ethnic cleansing by the Jewish militia involving massacres, terrorism and the wholesale looting of an entire nation.” from 4:22 onwards
  • “In 2001, Dr. Ariella Oppenheim, of Hebrew University, a biologist, published the first extensive study of DNA and the origin of the Jews. Her research found that virtually all the Jews came from Khazar blood. Not only that but Oppenheim discovered that the Palestinians—the very people whom the Jews had been persecuting and ejecting from Israel’s land since 1948—had more Israelite blood than did the Jews. In sum, the vast majority of the Jews were not Jews; some of the Palestinians were. Some of the Palestinians even had a DNA chromosome which established that they were “Cohens”—workers at the ancient Temple and synagogues of the Jews.” – Quote
http://www.democracynow.org/2013/1/29/the_gatekeepers_in_new_film_ex#.UQf8XvB8aRA.email

Click on image to goto video interview of director Dror Moreh!

“Shalom (Ex ShinBet chief) shocked viewers. He called Israeli occupation no different from Nazi occupied Europe.” – Quote

https://socioecohistory.wordpress.com/2010/05/06/is-the-star-of-david-a-jewish-or-biblical-symbol-or-an-occult-satanic-symbol/

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

http://www.scienceworldreport.com/articles/10059/20131009/dna-samples-confirm-ashkenazi-jews-are-of-european-descent-study.htm

Ashkenazi Khazar Jews are not semitic people and not the real Jews of the Bible! Not the descendents of the 12 sons of Jacob/Israel !Click on image for article!

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April 11, 2015 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | Comments Off on Zionist Terror in Gaza: Free Gaza and Free the World !

Ukraine’s Armed Forces Have Started Massive Battle-Tank Shelling of Donetsk, Gorlovka and Dokuchaevsk! Syria, NATO & Nuclear War!

  • Published on Apr 10, 2015
    Ukraine’s armed forces have started massive battle-tank shelling of Donetsk, Gorlovka and Dokuchaevsk. The positions of Donetsk People’s Republic militia along the whole frontline are under shelling. Furthermore, serious clashes are ongoing in the settlement of Shirokino near Mariupol. One fighter from DPR forces has been killed. The crew of REN TV channel also came under fire.


    NATO and Czech Republic soldiers took part in a drill called “Noble Jump” at the airport in Pardubice, Czech Republic on Thursday. This is an initial exercise and first test of its new rapid response force that NATO says is designed to “face new challenges from Russia”. Some experts believe the drill is offensive rather than defensive, and is actually preparation for a first-strike against Russia. But the most important point is that “Noble Jump” started in the Czech Republic while the US-backed Kiev government began massive shelling in the Donbass region.

    Ukraine’s prosecutors reactivated an investigation launched against oligarch Igor Kolomoisky 10 years ago, the country’s Prosecutor-General Viktor Shokin said in an interview with LB.ua news portal on Friday. The 2005 criminal case accused Kolomoisky of masterminding an attack on lawyer Sergey Karpenko amid a conflict over the Dneprospetsstal plant in the city of Zaporizhia in southeastern Ukraine, one of the leading producers of special steels and alloys in Europe. Lawyer Karpenko was stabbed three times, but survived the attack and was later forced to leave the country. Shokin, who was deputy Prosecutor-General at that time, oversaw the investigation. The war between Poroshenko and Kolomoisky, the two most powerful oligarchs of Ukraine, is continuing with renewed vigor.

    Secretary of the NSDC of Ukraine Oleksandr Turchynov has stated that Kiev has ability of creating a “dirty” atomic bomb. “We will use all available resources, even for creating a successful weapon,” he said. He stressed that the most important thing is that the weapon was successful. “What is there: dirty or clean, is a scientific and technical issue”. Russian Deputy Prime Minister Dmitry Rogozin’s reaction on this was short. Moron.

    A Syrian government delegation has agreed to proposals set forth by Russian mediators during the second round of talks held in Moscow this week to resolve the Syrian civil war, a source familiar with ongoing negotiations told ITAR-TASS on Wednesday. According to the source, the agenda proposed by the Russian side and approved by Syria includes: assessing the current situation, uniting national forces to confront challenges including terrorism, and building trust between the opposition and civil society. In addition, the source said Moscow’s plan outlines the establishment of a political process as well as phased steps in the framework of a national reconciliation program.

    Visit us: http://southfront.info/

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April 11, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , , , | Comments Off on Ukraine’s Armed Forces Have Started Massive Battle-Tank Shelling of Donetsk, Gorlovka and Dokuchaevsk! Syria, NATO & Nuclear War!

U.S. Propaganda 101: Illegally Invade Countries, Fund the Media, Call it “Independent”!

Edward_Bernays-Propaganda_is_the_Executive_Arm_of_the_invisble_government

  • U.S. Propaganda 101: Illegally Invade Countries, Fund the Media, Call it “Independent”!
    by Julie Lévesque, http://www.globalresearch.ca/  
    Foreign Policy Magazine recently had a column called Cranks, Trolls, and Useful Idiots, in which the author, Dalibor Rohac, hunts down “Russia’s information warriors” who, he claims, have infested the web with their lies and propaganda on websites potentially paid for by the Russian government.

    Rohac writes:
    “Throughout the conflict in eastern Ukraine, these sites have systematically regurgitated Russian propaganda, spreading lies, half-truths, and conspiracy theories, often directly translated from Russian sources…

    The Czech weekly Respekt published a feature article about the mysterious “news” site Aeronet (also known as AENews). Started in 2001 by aviation fans, the domain has changed ownership several times.  Since the summer of 2014 it has regularly published articles accusing the new Ukrainian government of fascism and claiming that American and British mercenaries were fighting in eastern Ukraine.  (Dalibor Rohac, Cranks, Trolls, and Useful Idiots, Foreign Policy, March 12, 2015)

    First let’s look at the weakness of the claims in the article.
    The author accuses news outlets of doing exactly what he himself and the U.S. mainstream media in general does when reporting about foreign policy issues such as Ukraine: they “systematically [regurgitate U.S. propaganda, spread] lies, half-truths, and conspiracy theories.” The advantage they have is that they don’t need to translate anything. Apparently for Rohac an article written in Russian has to be Russian propaganda. It’s that simple: Russians are just not producing any honest journalistic content. This argument about texts being “directly translated from Russian sources” is not only weak, it is xenophobic.

    In addition the author’s examples to prove his points are unsound. Aeronet is not the only website to have not only accused but also proven the fascistic nature of the Ukrainian government. Numerous independent media outlets have published countless articles to that effect, demonstrating that several key figures within the unelected government were neo-Nazis and that the Azov Battalion was filled with members linked to neo-Nazi groups:

    read more!

MSM-Weapons-of-mass-deception-media

http://www.globalresearch.ca/did-9-11-justify-the-war-in-afghanistan

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http://www.globalresearch.ca/iraq-a-war-of-aggression-no-wmds-no-connection-to-al-qaeda/5327548

Click on image for article!

http://www.independent.co.uk/news/world/politics/man-whose-wmd-lies-led-to-100000-deaths-confesses-all-7606236.html

Click on image for article!

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April 11, 2015 Posted by | GeoPolitics, History, Social Trends | , , , , , , , , , , , , , , , | Comments Off on U.S. Propaganda 101: Illegally Invade Countries, Fund the Media, Call it “Independent”!

Meet The REAL Afghan Drug Cartels!

It's about drugs, oil/gas pipelines and world conquest! The global drug trade is controlled by the 13 Satanic bloodlines!

It’s about drugs, oil/gas pipelines and world conquest! The global drug trade is controlled by the 13 Satanic bloodlines!

http://opioids.com/afghanistan/index.html

Click on image to goto article!

http://www.globalresearch.ca/the-afghan-war-no-blood-for-opium/18768

Click on image for article!

April 11, 2015 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , , , | Comments Off on Meet The REAL Afghan Drug Cartels!

Globalist Admits Mass Murder Is Their Goal !

http://www.infowars.com/from-7-billion-people-to-500-million-people-%E2%80%93-the-sick-population-control-agenda-of-the-global-elite/

Click on image for article!

April 11, 2015 Posted by | EndTimes, GeoPolitics, Social Trends | , , , , | 1 Comment

The Book of Mormon: An Illuminati Masonic Secret?

April 11, 2015 Posted by | Social Trends | , , | Comments Off on The Book of Mormon: An Illuminati Masonic Secret?

Iran Calls Obama Liar, Yemen War Intensifies, Economy Dives Again …

  • Published on Apr 9, 2015
    The Ayatollah Khamenei of Iran has weighed in on the Nuke deal, along with his subordinates, and has said that the White House and the President are liars. There is going to be no inspections of their military facilities, and they are not going to stop enriching uranium. Also, the President said the sanctions would be lifted gradually as the Iranians complied with the deal, and Iran now says they demand sanctions be lifted at the signing of the deal; otherwise, there is NO DEAL. They had me at “liar.”


    Iran is now reportedly sending warships to the Yemen coast. Egypt is also sending warships and troops. Egypt and the rest of the world has much to lose if the Strait of Mandeb is shut down by either war or terror. If the Mandeb Strait is closed, that means the Suez Canal will not produce revenue to Egypt, and things like oil shipments will stop and be forced to go around Africa to get to Europe.

    The economy showed yet another sign that it is in trouble. Wholesale sales have plunged and are joining the declining factory orders. The March Fed minutes were released, and the Fed is reportedly split on raising interest rates. My friend Gregory Mannarino of TradersChoice.net called me and said the Fed has turned into a “circus.” Mannarino contends the Fed knows that if it raises interest rates, the economy gets killed. I agree.

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April 11, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Comments Off on Iran Calls Obama Liar, Yemen War Intensifies, Economy Dives Again …

NASA Chief Scientist Is Sure We’ll Find Alien Life Within 20 Years!

http://www.infowars.com/nasa-finds-evidence-of-life-on-mars-curiosity-rover-picks-up-methane-burps-that-could-be-coming-from-alien-organisms/

Click on image for article!

  • The Illuminist psyop to sell the coming endtimes strong delusion continues! This is a UFO-Alien invasion HOAX! These “Aliens” are really the fallen angels, Nephilim and fallen spiritual beings.

    2 Thessalonians 2:9-12 (New King James Version)
    9 The coming of the lawless one is according to the working of Satan, with all power, signs, and lying wonders, 10 and with all unrighteous deception among those who perish, because they did not receive the love of the truth, that they might be saved. 11 And for this reason God will send them strong delusion, that they should believe the lie, 12 that they all may be condemned who did not believe the truth but had pleasure in unrighteousness.
  • NASA Chief Scientist Is Sure We’ll Find Alien Life Within 20 Years!
    by Loren Grush, http://www.popsci.com/  
    THE TRUTH IS OUT THERE 
    NASA is certain: We’re not alone in this universe.
    Speaking at a public panel on Tuesday in Washington D.C., NASA scientists discussed the likelihood of finding organic life in our solar system. Given the surprising number of oceans residing throughout our celestial home, they say “it’s definitely not an if, it’s a when.”

    “I believe we are going to have strong indications of life beyond Earth in the next decade and definitive evidence in the next 10 to 20 years,” Ellen Stofan, NASA’s Chief Scientist, said at the panel.

    Of course, the space agency isn’t talking about deadly xenomorphs orintelligent beings that can take on the personas of hot teenagers. Most likely, any life that NASA finds within our solar system will be simple microbes, the essential building blocks for more complicated creatures yet to come.

    The public discussion was sparked by the recent discoveries of water hiding within many of our planetary neighbors. Jupiter’s moon Europa has long since been considered a primary candidate for finding life, as many astronomers theorize that a vast ocean lies beneath its icy crust. Recently, a study conjectured that Saturn’s moon Enceladus is home to sandy hot springs. And just a few weeks ago, NASA announced the discovery of a saltwater ocean on Ganymede, Jupiter’s largest moon.

    And that’s just the tip of the iceberg. So many other moons and dwarf planets may harbor that precious life-sustaining liquid of H2O. You can check them out in this handy infographic

    NASA researchers say these revelations upend the earlier idea that, to find life, we need to look for planets within stars’ “habitable zones.” That theory suggests that in order for a space rock to harbor life, it needs to be at a certain “perfect” distance from a warm body (like Earth is from our sun). That way, the temperature is just right so that water can exist on the planet in liquid form.

    But on Europa, liquid water exists even though the frigid moon is more than 400 million miles away from our star. It’s because the gravitational pull from Jupiter jerks the satellite around, causing enough friction and energy to heat up the liquid beneath the surface. Thus, the moon’s water can remain as a liquid when it’s so far from a light source.

    “We now recognize that habitable zones are not just around stars, they can be around giant planets too,” Green said. “We are finding out the solar system is really a soggy place.”

    We won’t be wading in these waters anytime soon, but with NASA’s upcoming mission to Europa, the agency may get the answers it needs to determine if alien microbes are living next door.
http://www.loc.gov/loc/kluge/news/nasa-program-2014.html

Click on image for article!

http://www.foxnews.com/science/2013/03/12/mars-could-have-supported-life-nasa-says/

Click on image for article!

https://socioecohistory.wordpress.com/2012/11/26/flashback-2008-world-class-astrobiologist-says-nasas-hiding-current-life-on-mars/

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http://voxxi.com/2014/07/23/vatican-prepares-aliens/

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http://exopolitics.org/vatican-preparing-statement-on-extraterrestrial-life/

Click on image for article!

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April 11, 2015 Posted by | EndTimes, Science & Technology, Social Trends | , , , , , , , , , | Comments Off on NASA Chief Scientist Is Sure We’ll Find Alien Life Within 20 Years!

Saudi-Led Airstrikes Target Yemen’s Infrastructure!

  • Published on Apr 9, 2015
    Saudi Arabia and its allies are pressing ahead with their aggression against Yemen. This residential building in the capital Sana’a has been hit in the latest round of aerial bombardments. A number of people, including women and children, have been killed and injured.


    This complex of residential apartments is situated in the middle of an intensely populate area, where many people say there is no military facilities, and wonder what is behind such aggressive attacks that have targeted mostly citizens.Many residents here say the aerial bombardment does not target a specific group but the country’s land and nation with no exception.

    Yemen’s trade chamber has also released a statement, strongly denouncing Saudi-led air strikes that have destroyed Yemen’s infrastructure Yemeni human rights activists have also held a press conference to discuss the aggression.

    According to officials, scores of women and children have been killed since the beginning of the aggression. Nearly 1-thousands houses have also been destroyed in the air raids across the country. And more than 15-thousand families have been forced to flee their homes to escape Saudi-led airstrikes.

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April 11, 2015 Posted by | GeoPolitics | , , , , , , , | Comments Off on Saudi-Led Airstrikes Target Yemen’s Infrastructure!

CIA Director: Iran Deal Good for America!

https://socioecohistory.wordpress.com/2013/02/05/panetta-says-iran-has-not-made-the-decision-to-build-a-nuclear-weapon/

Click on image to goto article!

  • CIA Director: Iran Deal Good for America!
    by WashingtonsBlog 
    “Those That Say This Deal Provides a Pathway to Iran Developing a Nuclear Bomb Are Being Wholly Disingenuous”


    CIA director John Brennan is a hawk … As we noted in 2013, Brennan endorsed torture, assassination of unidentified strangers without due process, and spying on all Americans. But even Brennan thinks the Iran deal is good for the United States:

    This is not surprising, given:

    * Contrary to widespread claims, there is that Iran is building a nuclear weapon.  Even Israel that Iran has not decided to build a nuclear bomb.

    * Top American defense officials say that – despite its heated rhetoric (often mistranslated in the U.S.) – Iran is a “rational actor” 

    that Iran poses very little threat to the West or Israel . Top American and Israeli military and intelligence officials say that – even if Iran did build a nuclear bomb – it would not be that dangerous, because Israel and America have so many more nukes. And see this 

    * Conversely, American military and intelligence chiefs say that attacking Iran would only speed up its development of nuclear weapons, empower its hardliners, and undermine the chance for democratic reform 

    * Iran has not started a war for at least 188 years (in the Iran-Iraq war, Iraq was the initial aggressor

    * The people pushing for war against Iran are the same people who pushed for war against Iraq, and said it would be a “cakewalk”. See this and this  

    * They’ve been pushing for another round of regime change in Iran for decades  

    * The CIA admits that the U.S. overthrew the moderate, suit-and-tie-wearing, Democratically-elected prime minister of Iran in 1953. He was overthrown because he had nationalized Iran’s oil, which had previously been controlled by BP and other Western oil companies. As part of that action, the CIA admits that it hired Iranians to pose as Communists and stage bombings in Iran in order to turn the country against its prime minister 

    * If the U.S. hadn’t overthrown the moderate Iranian government, the fundamentalist Mullahs would have never taken over. (Moreover, the U.S. has had a large hand in strengthening radical Islam in the Middle East by supporting radicals to fight the Soviets and others

    * On the other hand, the most violent Muslims are Sunnis. America backs the Sunnis in their fight against the Shias. Iran is a Shia country, and 89% of Iranian people are Shia

    read more!
http://www.haaretz.com/news/diplomacy-defense/idf-chief-to-haaretz-i-do-not-believe-iran-will-decide-to-develop-nuclear-weapons-1.426389

What is all the BS about Iran being a nuclear threat? It is pure propaganda and outright lies by the Zionists!

http://www.telegraph.co.uk/news/worldnews/middleeast/iran/9225641/Israel-army-chief-says-Iran-not-building-nuclear-bomb.html

Zionists-NeoCons have been lying about Iran for the better part of 25 years!

http://articles.cnn.com/2012-04-25/middleeast/world_meast_israel-iran_1_nuclear-program-energy-and-medical-purposes-nuclear-watchdog

Click on image for article!

http://www.haaretz.com/news/diplomacy-defense/mossad-cia-agree-iran-has-yet-to-decide-to-build-nuclear-weapon-1.419300

Why is genocidal madman Netanyahu screaming for war with Iran? It is all about the global petrodollar hegemony all about the coming Luciferian New World Order!

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April 11, 2015 Posted by | GeoPolitics | , , , , , , , , , , , | Comments Off on CIA Director: Iran Deal Good for America!

Jim Willie: The Fall of the House of Saud and Germany’s Conflicted Move to Eurasia!

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April 11, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Erdogan: Turkey, Iran to Switch to Transactions in National Currencies!

The_Death_of_King_Dollar

  • Erdogan: Turkey, Iran to Switch to Transactions in National Currencies!
    by http://sputniknews.com/  
    Turkish President Recep Tayyip Erdogan said that Tehran and Ankara agreed to use national currencies for trade between countries.

    ANKARA (Sputnik) — Turkey and Iran are planning to switch to transactions in their national currencies, Turkish President Recep Tayyip Erdogan said Tuesday at a press conference with his Iranian counterpart Hassan Rouhani on Tuesday.

    “We do not wish to remain under the pressure of the dollar or the euro, or under the influence of their exchange rates. We have agreed that Turkish and Iranian national currencies are to be used between us. This will add extra strength to our countries,” Erdogan said.

    Erdogan also added that the goal of Turkey and Iran’s trade turnover would amount to $30 billion. Currently their trade turnover stands at $14 billion.

    Turkey first announced it had been in talks with Iran and China on local currency transactions during Erdogan’s visit to Iran in October 2014.

    Local currency trade can end the nations’ dependence on the US dollar for commodity turnover and eliminate trade barriers that were imposed on Iran by United States and United Nations.

    The curbs on the Islamic republic’s banking, financial and trade sectors, among others, aimed to isolate the country for its nuclear program. Last week, Iran and world powers agreed to phase them out if a comprehensive nuclear deal is struck by July 2015.

    In January, Iran’s central bank said it had suspended the use of the US dollar in foreign trade transactions and was working on bilateral currency swap deals. This was followed by Moscow and Tehran’s announcement that they were going to set up a joint bank account for transactions in national currencies, such as in food trade.

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April 11, 2015 Posted by | Economics, GeoPolitics | , , , , , | Comments Off on Erdogan: Turkey, Iran to Switch to Transactions in National Currencies!