Socio-Economics History Blog

Socio-Economics & History Commentary

Petrodollar Faces Growing Threat From the East. Payments in Gold Across Asia

  • Petrodollar Faces Growing Threat From the East. Payments in Gold Across Asia
    by Andrew BrennanAsia Times, 27 April 2017, via http://www.globalresearch.ca/
    While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russian alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar.

    The Persian rival who showed the way
    In 2012/2013, the US Treasury Department, under the Obama administration, initiated a raft of sanctions in an amateurish fashion against the Central Bank of Iran. As we were told, it was done to tire and bleed Iranian economic and social life enough to draw Tehran into negotiations concerning its nuclear programme. The argument of were they/weren’t they pursuing a weaponized nuclear program isn’t important; how the Iranians circumvented these sanctions is.


    The sanctions were meant to be stifling, but the Iranians loosened this problematic liquidity noose by using all their banks that weren’t sanctioned, and sold rich Iranian oil to India. Of course, the Indians couldn’t pay Tehran directly. Neither could they pay bilaterally in rupees due to sanctions and infrastructure needed to trade in a bilateral currency. Instead, Iran requested that India pay in gold so India paid Turkey, the Middle East’s gold market, and Turkey gave Turkish gold to Iranian banks, which then swapped with the Central Bank of Iran.

    Turkey, for its part, may soon be the gold payment intermediator across Asia, and is already nationalizing the sector with a demand for private confiscation occurring to support the Turkish economy, but this has scarcely been reported.

    This clever evasion was known as the Iran-India-Turkey triangle. Iran was escaping the dominance of the US dollar and trading in real money, not a hegemonic fiat currency that was being printed hot-off-the-press all day. They were dealing in gold; not something that could be strangled through SWIFT and electrons traded on a screen easily. A simple intermediator and precious metals could break Obama’s heralded “crippling” sanctions.

    Iran ideologically, as well as practically, wants nothing to do with the US dollar but rather it wants to be free of monetary pressures by the US on its domestic policies. The effectiveness of this evasion was a preview to what countries like China, Russia, and to a lesser extent India and South Korea, have all been trying to do: increase their independence from the US dollar. The Iranian gold triangle showed successful independence from US dollar reliance.

    The Chinese usurpers and their yellow metal
    Fast forward to March 2017; the Russian Central Bank opened its first overseas office in Beijing as an early step in phasing in a gold-backed standard of trade. This would be done by finalizing the issuance of the first federal loan bonds denominated in Chinese yuan and to allow gold imports from Russia.


    read more.

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July 21, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Secret To Why Globalists Hate Christianity Revealed. US General: We Are Prepared To Strike N. Korea

  • Published on Jul 7, 2017
    Alex Jones and Steve Quayle discuss why the globalist elite are determined to destroy and undermine Christians.
http://www.thenewamerican.com/culture/item/22471-christians-should-be-eradicated-researchers-document-anti-christian-agenda-among-powerful-elite#

Click on image for article.

http://www.thenewamerican.com/culture/faith-and-morals/item/23962-in-abortion-push-soros-exposed-trying-to-corrupt-christianity

Illuminist social engineers morally corrupting the world. Click on image for article.

http://sputniknews.com/voiceofrussia/2013_07_30/US-government-establishes-death-camps-for-American-citizens-FBI-retiree-5607/

Revelation 20:4 New King James Version (NKJV)
The Saints Reign with Christ 1,000 Years
4 And I saw thrones, and they sat on them, and judgment was committed to them. Then I saw the souls of those who had been beheaded for their witness to Jesus and for the word of God, who had not worshiped the beast or his image, and had not received his mark on their foreheads or on their hands. And they lived and reigned with Christ for a[a] thousand years.
Click on image for article!

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July 8, 2017 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , | Leave a comment

‘Resolutely Opposed’: China Fumes After US Supersonic Bombers Fly Over Disputed South China Sea

US Air Force B-1B Lancer aircraft © US Air Force / Reuters

  • ‘Resolutely Opposed’: China Fumes After US Supersonic Bombers Fly Over Disputed South China Sea
    by https://www.rt.com/
    Beijing spoke out after two US long-range supersonic bombers flew over the disputed South China Sea, saying it opposes the use of freedom of overflight as an excuse to harm its security. The leaders of the US and China are set to meet Friday.

    “China resolutely opposes individual countries using the banner of freedom of navigation and overflight to flaunt military force and harm China’s sovereignty and security,”
     Foreign Ministry spokesman Geng Shuang said on Friday.


    The statement came after the US Air Force confirmed earlier on Friday that two B-1B Lancer bombers from Guam had flown over the disputed waterway.

    Prior to the flyover, the Lancers conducted exercises with Japan in the East China Sea, representing the first time the two forces had conducted joint night-time drills. Virtually all of the South China Sea is claimed by Beijing, despite conflicting claims from Brunei, Malaysia, the Philippines, Vietnam, and Taiwan.

    The US has been exercising freedom of navigation over the sea in recent weeks, with two Lancers from Guam flying over the waterway last month. A US warship also carried out a maneuvering drill within a short range – reportedly just 12 nautical miles – of one of China’s artificial South China Sea islands in late May.

    Washington has criticized China’s construction of artificial islands in the disputed Spratly chain. The islands have runways, aircraft hangars, radar sites, and hardened surface-to-air missile shelters, according to satellite photos analyzed by the Washington-based Center for Strategic and International Studies (CSIS).

    read more.

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July 8, 2017 Posted by | GeoPolitics | , , , | Leave a comment

Russia, China: “US – South Korea Drills Must End”

  • Published on Jul 4, 2017
    Russian President Vladimir Putin says Moscow and Beijing are working together to freeze Pyongyang’s military program but believe that Seoul and Washington must also put an end to their joint war games on the Peninsula. Putin made the remarks while hosting his Chinese counterpart Xi Jinping. The 2 leaders also said during a press conference on Tuesday that they’re considering different strategies of implementing their proposal. The joint plan was announced shortly after the North announced the successful launch of an intercontinental ballistic missile. The Russian foreign ministry has separately called on Pyongyang to abide by the United Nation’s resolution on missile testing. Moscow says nothing other than multilateral talks can help resolve the issue. Pyongyang stresses its missile program is merely defensive in nature.

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July 5, 2017 Posted by | GeoPolitics | , , , , , | Leave a comment

China Sends Warships, Fighter Jets To Intercept US Destroyer In South China Sea

  • China Sends Warships, Fighter Jets To Intercept US Destroyer In South China Sea
    by Tyler Durden, http://www.zerohedge.com
    Just days before Trump’s meeting with the Chinese president in Hamburg later this week for the G-20 summit, the Trump administration sent a guided-missile destroyer near Triton Island in the South China Sea, Bloomberg reported, a move “which may cause concern ahead of President Donald Trump’s meeting with his Chinese counterpart.”

    According to an anonymous official cited by Bloomberg, the U.S. Navy sent the destroyer USS Stethem within 12 nautical miles (22 kilometers) of Triton Island on Sunday, passing through the contested waters on the basis of “innocent passage.” 

    It was the second such operation conducted by the US during Donald Trump’s presidency. On May 24, the US Navy guided-missile destroyer, the USS Dewey, came within 12 miles of the Mischief Reef in the Spratly Islands, another disputed archipelago that lies in the southern part of the South China Sea. At that time, the Chinese Defense Ministry also sent two frigates to “warn off” the US vessel and said that it was “firmly opposed to the US behavior of showing force and boosting regional militarization.”

    The news of the US ship deployment to the contested area comes just days after reports suggest China has completed construction of new missile shelters on Mischief and Fiery Cross reefs.

    read more.

Chinese dredging vessels in the waters around Mischief Reef. (Photo: the Telegraph)

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July 3, 2017 Posted by | GeoPolitics | , , , | Leave a comment

‘As Trump Looks Determined to Breakup the EU, the EU Reaches Out to Asia’

https://www.rt.com/op-edge/390720-trump-eu-breakup-china/

Click on image for article.

June 5, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

Forget Discussions About Peace and Stability — Washington’s Policy in the South China Sea Is Confrontational

  • Forget Discussions About Peace and Stability — Washington’s Policy in the South China Sea Is Confrontational 
    by BRIAN CLOUGHLEY, https://www.strategic-culture.org/
    The American guided missile destroyer USS Dewey was reported as having carried out a ‘freedom of navigation operation’ or FONOP in the South China Sea on May 24. According to the US Naval Institute the undertaking involved manoeuvres «within 12 nautical miles of Mischief Reef for about 90 minutes zig-zagging in the water near the installation. At one point during the operation, the ship’s crew conducted a man overboard drill».

    Mischief Reef is 900 miles from the mainland of China, and 12,000 miles from the mainland of the United States. It has been built up by China from a sandy pile of rock into a habitable base and lies in the Spratly Island chain which is claimed by the Philippines and Vietnam, both members of the Association of South East Asian Nations, ASEAN.

    A week before the United States sent a warship to «demonstrate that Mischief Reef is not entitled to its own territorial sea regardless of whether an artificial island has been built on top of it» there was a meeting attended by representatives of China and all ten ASEAN countries. The purpose was to continue discussions aimed at establishing a code of conduct in the South China Sea, and on May 18 an announcement of progress was made. It was stated that all concerned nations «uphold using the framework of regional rules to manage and control disputes, to deepen practical maritime cooperation, to promote consultation on the code [of conduct] and jointly maintain the peace and stability of the South China Sea».

    As stated by the head of the Chinese delegation, deputy foreign minister Liu Zhenmin, «the draft framework contains only the elements and is not the final rules, but the conclusion of the framework is a milestone in the process and is significant. It will provide a good foundation for the next round of consultations». It wasn’t a breakthrough in agreeing about allocation of territory or anything like that — but it was indicative of peaceful progress in an important matter affecting regional countries.

    read more.

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June 1, 2017 Posted by | GeoPolitics | , , , , , | Leave a comment

Charles Nenner: Next World War Starts in Asia. Suicidal to Stay in this Market

  • Charles Nenner: Next World War Starts in Asia. Suicidal to Stay in this Market 
    by Greg Hunter’s USAWatchdog.com
    Renowned financial and geopolitical analyst Charles Nenner is doubling down on his prediction last year that the financial markets will crash in the fall of 2017. Nenner says, “People not positioned correctly may lose everything.”  Nenner points out, “We all know they say the market goes up 8% on a yearly basis.  That’s based on the fact if I draw a line through the markets, it shows 8%.  I don’t think anybody realizes how much we are above the line.  In order to get back to 8%, we have to go much below the line . . . So, it’s total nonsense to say we go up 8% a year when we are already 40% to 50% above that trend line that averages 8%. This is almost the longest bull market in history.”


    Now, Nenner has additional research that backs up his position, and it involves the number 7. Nenner explains, “You go to my research that goes back to the 1800’s, 1900’s and 2000’s.  Go back a little, and you will see the market topped in 2017.  The next year was 2007, which was clearly a high.  If you go back to the next year that ends in 7, which was 1997, that was clearly a high.  1987 everybody knows about that, and I don’t have to go into it.  Then go to ‘77 and ‘67, ‘57, ‘47 and ‘37.  1929 was a little aberration, it should have been ‘27.  I still hold because it continued up and didn’t come down.  That’s why they had the huge crash (in 1929) . . . . Based on the past, the future repeats.  You have major correlation with major tops that are in years ending with a 7.  If you are a reasonable person, you would say this is too much risk for me.  If you are a super gambler, you say this time is different. . . . My cycle tops in September or October of 2017.”

    Nenner says staying fully invested in this market is “suicidal,” and Nenner goes on to say, “I would advise people not to listen to people with all kinds of stories that this market is not dangerous. . . .This is the end of the bull market.”


    Nenner predicts a big rally in bonds and gold, but not until mid-2018. On gold, Nenner says, “We always have this price target of $2,500 per ounce.  If they reverse what Nixon did, the financial system will be so much under presser they will go back on the gold standard.  If you really calculate it, the price of gold today should be $30,000 per ounce.  For the moment, in our model, gold is a bit expensive.”

    On the “War Cycle,” Nenner, who is also an expert in both market and war cycles, says, “Wars come in cycles. It seems people have to have a certain amount of time so they forget how bad it was so they can start a new one. We talked about this a few years ago and said it’s not going to be the Middle East.  It’s going to be China and the islands.  In the aerospace industries in China, Japan, Vietnam and Korea, something is cooking over there.  I still think the whole thing is coming from there.  It’s just an accident that has to happen.”

    Nenner adds, “I don’t think there is really no clean way to get North Korea under control. I don’t think there is any clean way to keep the United States safe.”

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May 31, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Two Chinese Fighter Jets Attempted “Intercept” Of US Surveillance Plane

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May 27, 2017 Posted by | GeoPolitics | , , , | Comments Off on Two Chinese Fighter Jets Attempted “Intercept” Of US Surveillance Plane

Philippines: ISIS Takes Town, Beheads Police Chief

  • Published on May 26, 2017
    As phone calls between President Trump & President Duterte are leaked to criticize Trump for congratulating Duterte on his extra-judicial killings in the name of a War on Drugs, it’s clear the US surveillance state wants both Presidents gone.  Duterte has said he wants the US military out of the Philippines and was in Russia as an ISIS attack took over a town in Muslim controlled Mindanao and took a priest and his congregation hostage.  Will the Philippines be the next victim of the CIA and its ISIS surrogates?
http://theantimedia.org/rand-paul-gabbard-arming-terrorists/

Click on image for article.

  • Did Syria attack America or threaten American interests? Clearly NO! So why is America supporting terrorists to overthrow Assad? The people behind this are Illuminist-Satanists.
http://theantimedia.org/tulsi-gabbard-plan-refugee-crisis/

Click on image for article.

https://socioecohistory.wordpress.com/2013/06/06/trevor-aaronson-inside-the-fbis-manufactured-war-on-terror/

Click on image for article.

http://theantimedia.org/congresswoman-us-funds-isis-syria/

Click on image for article.

https://twitter.com/DrJillStein/status/813213099427827712

Click on image for article.

http://theantimedia.org/congresswoman-us-arming-isis/

Click on image for article.

“For years we have been supplying anti-tank missiles and all sorts of weapons to the terrorists, to Al Nusra, sometimes to ISIS.. the entire array … Jaysh al-Islam …”
– Quote Senator Richard Black from 1:01 onwards

https://www.rt.com/usa/316558-us-training-jihadists-dick-black/

Click on image for article.

https://www.wsws.org/en/articles/2014/07/30/isis-j30.html

Click on image for article.

http://www.foreignpolicyjournal.com/2014/01/10/the-historical-us-support-for-al-qaeda/

Click on image for article.

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May 27, 2017 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on Philippines: ISIS Takes Town, Beheads Police Chief

Infowars Nightly News – The Next Syria? ISIS Takes Philippine Town

  • You see what happens when Duterte pissed off the US government.
https://www.wsws.org/en/articles/2014/07/30/isis-j30.html

Click on image for article.

May 27, 2017 Posted by | GeoPolitics | , , , , , , , , | Comments Off on Infowars Nightly News – The Next Syria? ISIS Takes Philippine Town

China to US: Keep Warship Away from Islands

  • Published on May 25, 2017
    China has warned the US that the arrival of its warship in the South China Sea can jeopardize negotiations over the disputed area. Kang also urged Washington to correct its mistake and refrain from conducting further patrols. He added that such actions can cause unexpected accidents if repeated. Kang’s comments come after a USS Dewey warship passed close to the artificial islands built by Beijing in the South China Sea. The Pentagon said the maneuver was simply a navigation operation but China considered it an intrusion that undermined its sovereignty and security. Tensions simmer between China, the US, and some regional countries over Beijing’s territorial claims in the South China Sea.

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May 26, 2017 Posted by | GeoPolitics | , , , , , | Comments Off on China to US: Keep Warship Away from Islands

The Push Is On And The Deep State Will Not Hold Back This Summer

  • Published on May 23, 2017
    Trump is looking to sell the oil reserves and drill in the US. Kim Dot Com comes forward and give evidence that Seth Rich was passing the DNC emails to Wikileaks. Donna Brazile tried to shut the investigation down. The US changes direction and will not offer grants for military weapons but countries will need to take out a loan. Duterte places parts of the Philippines under martial law. South Korea opens fire because they saw an unidentified object. The UN investigation team was hit with cyber attack. Iraq is now working with Russia, Iran and Syria to control the border. Saudi Arabia and the US says that Syria should have open elections and they should decide their own fate. IS claimed responsibility for the UK bombing.

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May 24, 2017 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on The Push Is On And The Deep State Will Not Hold Back This Summer

‘They Want Me to Fight China. It’s Gonna be a Massacre!’ – Duterte to RT

  • Published on May 22, 2017
    The Philippines should have stronger ties with Russia and China, as Western nations are only interested in double talk and disregard Philippines interests, President Rodrigo Duterte told RT and other Russian media ahead of his visit to Moscow.

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May 23, 2017 Posted by | Economics | , , , , , , , , | Comments Off on ‘They Want Me to Fight China. It’s Gonna be a Massacre!’ – Duterte to RT

Why is North Korea an American Problem? – Former Diplomat

  • Published on May 15, 2017
    After a series of failed launches, North Korea recently carried out its most advanced missile test to date, shocking and unnerving the world. While it suggests Pyongyang may be capable of far longer-range missiles than was previously believed, it is unclear whether it will be able to effectively weaponize them. Former diplomat Jim Jatras joins “News with Ed,” bringing his insights and expertise.
http://journal-neo.org/2016/11/01/north-korea-is-an-pentagon-vassal-state/

Click on image for article.

https://socioecohistory.wordpress.com/2013/02/22/left-in-the-dark-secret-u-s-military-flights-carried-officials-equipment-to-n-korea/

Why all the secrecy? And why deny Japan info? North Korea is controlled opposition. Kim Jong Un is a Illuminist puppet of the west. NKorea is used to control South Korea and Japan. To prevent them from joining China and allow the deployment of US military bases for the encirclement of China and Russia. Click on image to goto article.

http://nypost.com/2016/01/06/you-can-thank-jimmy-carter-and-bill-clinton-for-north-koreas-nukes/

Click on image for article.

http://www.telegraph.co.uk/technology/google/9817335/Eric-Schmidts-daughter-lifts-lid-on-very-strange-North-Korea.html

Strange visit by Illuminati Bilderberger Eric Schmidt to North Korea. Click on image for article!

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May 16, 2017 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Comments Off on Why is North Korea an American Problem? – Former Diplomat