Socio-Economics History Blog

Socio-Economics & History Commentary

Breaking: China Moves To Kill The Petrodollar, Tells Saudi Arabia — China Will Pay For Oil In Yuan-Gold

  • The Alex Jones Channel Published on Oct 18, 2017
    China is making its move against America, not with military force but by trying to destroy the US economy.

end

October 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

China’s New Oil Exchange Where Countries Will Be Able To Take Gold As Payment Plus A Worldwide Paradigm Shift

  • China’s New Oil Exchange Where Countries Will Be Able To Take Gold As Payment Plus A Worldwide Paradigm Shift
    by https://kingworldnews.com/
    As trading continues in the 3rd week of October, here is a look at China’s new oil exchange where countries will be able to take gold as payment, plus a worldwide paradigm shift.

    China is set to launch an oil exchange by the end of the year that is to be settled in yuan. Note that in conjunction with the existing Shanghai Gold Exchange, also denominated in yuan, any country will now be able to trade and hedge oil, circumventing U.S. dollar transactions, with the flexibility to take payment in yuan or gold, or exchange gold into any global currency.
    — John Curran, former partner and head of commodities at Caxton Associates

    read more.
https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-with-oil-benchmark-backed-by-gold

Click on image for article.

end

October 17, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Berlin: Possible Unification of Europe and Russia Against the US

https://rs.sputniknews.com/svet/201710131113037657-Berlin-Evropa-Rusija-SAD/

Click on image for article.

  • All these events are setting up the stage for the war in Revelation 17: the 10 Horn Beast Revived Roman Empire (EU 2.0) vs the Mystery Babylon Whore (America 2.0). Washington DC, the City of 7 Hills, is the endtimes Babylon city IMO.

    Revelation 17:16-17 New King James Version (NKJV)
    16 And the ten horns which you saw on[a] the beast, these will hate the harlot, make her desolate and naked, eat her flesh and burn her with fire. 17 For God has put it into their hearts to fulfill His purpose, to be of one mind, and to give their kingdom to the beast, until the words of God are fulfilled.

https://www.rt.com/news/400738-germany-support-us-korea/

Click on image for article.

http://www.express.co.uk/news/world/845603/World-War-3-North-Korea-Angela-Merkel-Donald-Trump-Germany-US-Nato

Click on image for article.

https://sputniknews.com/politics/201705311054157040-merkel-nato-eu-army/

Click on image for article.

end

October 17, 2017 Posted by | EndTimes, GeoPolitics | , , , , , , , , , , | Leave a comment

Friday The Thirteenth Golden Jackass Jim Willie

https://ochelli.com/wp-content/uploads/2017/10/The-Ochelli-Effect-2017-10-13.mp3

Click on image for MP3 audio interview.

  • Friday The Thirteenth Golden Jackass
    by https://ochelli.com/
    The Ochelli Effect 10-13-2017 Jim Willie The man behind The “Hat Trick Newsletter” @  goldenjackass.com .Plus producer Tony Hurst has an unscripted conversation with Chuck in the second hour

    Hour 1 we break down money , Gold , Oil , and the U.S. Military Industrial Complex along with a few unusual subjects with the uniquely talented Jim Willie from GoldenJackass.com . Jim’s insights into finance ,  global trends , realities and the secret or not-so-secret  world of real deals is one of a kind and the Ochelli Effect is lucky to have Jim appear on a monthly basis. On Friday The Thirteenth Golden Jackass , we hear Jim answer listener questions and explain what happens when China decides to “Flip The Switch” , and what has happened to US Presidents  when they push back against the banking Cabals.

    Second Hour Tony Hursy makes a rare appearance on the show to pick Chuck’s brain a bit about current events , Climate Change , and What In Hell is actually going on in the alleged United States. The future of the show is addressed and Tony’s priceless contribution to show , website and Chuck’s basic knowledge are discussed. Also , What was that noise at the second hour break?

end

October 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Willem Middelkoop: Any Sunday Night Now And Gold Could Be Revalued Up To $10,000

Click on image to download MP3 interview.

  • Willem Middelkoop: Any Sunday Night Now And Gold Could Be Revalued Up To $10,000
    by https://www.silverdoctors.com/
    Once the physical market breaks, there will be a quick revaluation of gold towards even $10,000. Here’s two ways Willem says it can play out…

    Willem Middelkoop interviewed by Craig Hemke on TF Metals Report
    Willem Middelkoop is an Amsterdam-based author and commodity fund manager. Somehow it had been over a year since we last spoke with Willem so we had plenty to discuss today. Please be sure to give this podcast a listen. Among the topics addressed in this 49-minute call:

    * the current similarities to the run-up to The Financial Crisis in 2008
    * how the falling dollar is impacting commodities
    * why China values physical gold and the likelihood of a global reset in price
    * which commodities or metals might benefit from the changes described in his new book, “The Tesla Revolution
    * the future of the euro and the possibility of it challenging the US dollar as global reserve currency
    * Willem’s interest and opinion on the Australian mining sector, specifically Artemis and Novo Resources
    * And a whole lot more!

    I’m confident you’ll find this audio to be interesting and very helpful. Thanks again to Willem for sharing his time and expertise.

    TF
    Willem Middelkoop is an author and founder of the Commodity Discovery Fund. He became a well-known personality through his work as stock market commentator for the Dutch business television channel RTLZ. Middelkoop predicted the onset of the credit crisis in his book “Als de dollar valt” (If The Dollar Falls) – 2007. Subsequent publications were “De permanente oliecrisis” (The permanent oil crisis) – 2008, “Overleef de kredietcrisis” (Surviving the credit crisis) – 2009, “Goud en het geheim van geld” (Gold and the secret of money) – 2012, The Big Reset – 2013 and The Tesla Revolution – 2017. In total, he has sold more than 150,000 copies of his books.

end

October 16, 2017 Posted by | Economics | , , , , , , , , , , | Leave a comment

End of Petrodollar: Rise of Economic Protectionism to Reshape Global Trade

  • End of Petrodollar: Rise of Economic Protectionism to Reshape Global Trade
    by https://sputniknews.com/
    The era of petrodollar recycling is drawing to an end as shifts in technology and international politics render it redundant, meaning the US is entering volatile times.

    Kristian Rouz — The rise of economic protectionism and nationalism in politics of the recent years, including the gradual implementation of US President Donald Trump’s agenda and Brexit reshaping the contours of European trade, are poised to bring an end to the petrodollar recycling. These developments signal the first overhaul of international economic relations since the Nixon administration in the early 1970s in the United States.

    The petrodollar system entailed the end of the gold standard in the US, which had its national currency pegged to the value of gold at $35 per ounce in the aftermath of World War II. However, the severe challenges that global economy faced in the late 1960s pushed the administration of Richard Milhous Nixon to abandon the system.

    “The essence of the deal was that the US would agree to military sales and defense of Saudi Arabia in return for all oil trade being denominated in US dollars,” The Huffington Post explains.

    The shale revolution in oil productionin the early 2010s rendered this system irrelevant in the US, as North America is becoming increasingly independent of crude oil imports and has, in fact, increased its own oil and petrochemical exports under President Trump.

    However, President Trump’s push for greater protectionism faces obstacles, mainly in the form of a significant Saudi investment in US Treasury bonds accrued over the past 40 years. The petrodollar system has allowed Saudi Arabia to increase its foreign reserves, and many other prominent oil-producing nations have followed the same foreign investment pattern.

    The US, on its part, was able to increase its money supply by printing dollars, which has produced major dollar devaluation, by over 30 percent since the early 1980s. Subsequently, other oil importers, in order to pay for energy, had to buy US dollars first.

    read more.

end

October 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Ron Paul: North Korea & Abolishing Nuclear Weapons

  • RT America Published on Oct 13, 2017
    Jesse Ventura and Former Republican Congressman Ron Paul discuss why war is a racket. The Governor and Brigida Santos talk about North Korea and why it’s time for global nuclear disarmament.

http://www.infowars.com/america-has-been-at-war-93-of-the-time-222-out-of-239-years-since-1776/

http://www.infowars.com/america-has-been-at-war-93-of-the-time-222-out-of-239-years-since-1776/

Click on image for article.

http://www.ratical.org/ratville/CAH/warisaracket.html

Click on image to goto book.

http://www.ratical.org/ratville/CAH/warisaracket.html

Click on image for E-book.

end

October 16, 2017 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

Russia And China Just Did Something That Will Be A Blow To The Dollar

  • X22Report Published on Oct 13, 2017
    The Fed has done it, it has made the people of the US believe the economy has recovered and everything is going to be just fine, this is when the crash the economy. Wells Fargo mortgage and auto loan origination declines rapidly. British bank forecasts a credit collapse coming very soon. China and Russia just setup a Yuan-Ruble payment system which is a blow to the dollar. 

end

October 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

China Launches Yuan-Ruble Payment System. Gold Backed Currency Next?

  • China Launches Yuan-Ruble Payment System. Gold Backed Currency Next?
    by Tyler Durden, http://www.zerohedge.com/
    The monetary regimes of China and Russia, two of the world’s most resource-rich nations, are drawing closer with every passing day.

    In the latest push for convergence, China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its foreign exchange transactions. The PVP system for yuan and ruble transactions, designed to streamline commerce and curency transactions between the two nations, was launched on Monday after receiving approval from China’s central bank, according to a statement by the country’s foreign exchange trading system.

    It marks the first time a PVP system has been established for trading the yuan and foreign currencies, said the statement, which was posted on Wednesday on the website of the China Foreign Exchange Trade System (CFETS). PVP systems allow simultaneous settlement of transactions in two different currencies.

    But one of the most significant measures under consideration is the previously reported push for joint organization of trade in gold.

    In recent years, China and Russia have been the world’s most active buyers of the precious metal. On a visit to China last year, the deputy head of the Russian Central Bank Sergey Shvetsov said that the two countries want to facilitate more transactions in gold between the two countries.

    We discussed the question of trade in gold. BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China, the gold trade is conducted in Shanghai, in Russia it is in Moscow. Our idea is to create a link between the two cities in order to increase trade between the two markets,” First Deputy Governor of the Russian Central Bank Sergey Shvetsov told Russia’s TASS news agency.

    In other words, China and Russia are continuing to shift away from dollar-based trade, to commerce which will eventually be backstopped by gold, or what is gradually emerging as an Eastern gold standard, one shared between Russia and China, and which may day backstop their respective currencies.

    Meanwhile, the price of gold continues to reflect none of these potentially tectonic strategic shifts, just as China – which has been the biggest accumulator of gold in recent years – likes it.

    read more.

end

October 14, 2017 Posted by | Economics | , , , , , | Leave a comment

EU, Russia, China Rally Behind Iran Deal Ahead of Trump Speech

  • EU, Russia, China Rally Behind Iran Deal Ahead of Trump Speech
    by http://www.presstv.com/
    The EU, Russia and China have called on the US to maintain its commitment to the Iranian nuclear deal, which President Donald Trump is expected to declare no longer in America’s interest.

    “We believe this deal is important to ensuring the international nuclear nonproliferation regime and regional peace and stability. We hope all parties can continue to preserve and implement this deal,” China’s Foreign Ministry spokeswoman Hua Chunying said Friday.

    EU foreign policy director Federica Mogherini and German Foreign Minister Sigmar Gabriel held phone talks with Iran’s Foreign Minister Mohammad Javad Zarif, saying Europe will respect its side of the deal as long as Tehran honors its obligations.

    Both Mogherini and Gabriel acknowledged that Iran had fully lived up to its commitments under the Joint Comprehensive Plan of Action (JCPOA) as the nuclear accord is called, the state news agency IRNA reported.

    They also said Iran should be allowed to benefit from the economic dividends of the deal reached with the US, the UK, France, Russia, China and Germany under which sanctions were lifted against Tehran.

    Gabriel said on Thursday Trump’s reported plans to “decertify” the nuclear deal was alienating Washington’s European allies and pushing them towards Russia and China.

    read more.

end

October 14, 2017 Posted by | GeoPolitics | , , , , , , | Leave a comment

IAEA, World Leaders Confirm Iran Complying with Nuclear Deal

  • PressTV News Videos Published on Oct 9, 2017
    The International Atomic Energy Agency has once more confirmed Iran’s compliance with the 2015 nuclear deal with the P5+1 group of countries. IAEA chief Yukiya Amano told a nuclear conference in the Italian capital Rome that Iran is following through on its commitments under the accord. The EU Foreign Policy Chief also spoke at the same event via video conference. Federica Mogherini criticized the United States’ policy on the nuclear deal, saying signatories have an interest and a duty to preserve the agreement.

end

October 14, 2017 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

‘Immediate Danger of War’ if US Quits Iran Nuclear Deal – German FM

  • ‘Immediate Danger of War’ if US Quits Iran Nuclear Deal – German FM
    by https://www.rt.com/
    There is “an immediate threat” of war in the region if the landmark 2015 Iran nuclear deal collapses due to a US decision to pull out, the German foreign minister warned. He said US conduct on the Iran issue would make Europe side with Russia and China.

    The alarming remarks come amid reports the Trump administration is preparing to withdraw from the nuclear deal the US signed in 2015 along with other five world powers plus Iran.

    “A termination of the Iran agreement would turn the Middle East into a region of hot crises,”
     Foreign Minister Sigmar Gabriel told German newspaper group RND on Thursday, as cited by Die Welt.


    If Iran were to work on development of nuclear weapons following the collapse of the deal, “an immediate threat of a new war” would be considered by Israel, according to Gabriel. He said that Tehran adheres to the 2015 deal which was also confirmed by the International Atomic Energy Agency (IAEA), a principal nuclear watchdog.

    The US pulling out from the deal “would send a devastating signal for nuclear disarmament,”Gabriel continued. “Some states could understand a failure of the Iran agreement as a signal to provide themselves with nuclear weapons as fast as possible,” he said, apparently referring to North Korea.

    If the nuclear deal fails, it would be “a complete illusion to encourage North Korea to enter a security-related treaty if the Iran agreement were to blow up.”

    “The great drama is that the Iran agreement could become the plaything of the American domestic policy,”
     Gabriel stated. Those in the EU “also have to tell the Americans that their behavior on the Iran issue will drive us Europeans into a common position with Russia and China against the USA,” the politician said.


    read more.

end

October 14, 2017 Posted by | GeoPolitics | , , , , , , | Leave a comment

Trump Sends Second Aircraft Carrier To Korean Peninsula With 7,500 Sailors, Marines Aboard

The aircraft carrier USS Theodore Roosevelt (CVN 71) operates in the Arabian Sea conducting maritime security operations in this U.S. Navy photo taken April 21, 2015. © REUTERS/ US Navy

  • Trump Sends Second Aircraft Carrier To Korean Peninsula With 7,500 Sailors, Marines Aboard
    by Tyler Durden, http://www.zerohedge.com/
    Just one week after uttering his now-infamous “this is the calm before the storm” statement to the press ahead of a dinner with military leaders, we now learn that President Trump has dispatched a second nuclear aircraft carrier, the USS Theodore Roosevelt, filled with 7,500 marines, to the Korean Peninsula.  Of course, this comes after rumors swirled earlier this week that North Korea is preparing to fire multiple short-range rockets around the opening of the Chinese Communist Party’s twice-a-decade congress on Oct. 18th.

    The USS Theodore Roosevelt, a Nimitz-class aircraft carrier, is en route to the western Pacific after leaving San Diego port last week.

    The Roosevelt will focus on maritime security operations in the Pacific and Middle East, the US military announced.

    But the £3.4billion ($4.5billion) warship, known as “the Big Stick”, has been sent to boost US defence on the Korean peninsula, according to South Korean media.

    It is expected to arrive in region in the coming weeks amid fears North Korea is about to test another missile or nuclear weapon.

    read more.

end

October 14, 2017 Posted by | GeoPolitics | , , , , , , , | Leave a comment

Deal or No Deal: Fears Rise Trump to Ditch Iran Nuclear Deal in New Strategy

  • It appears Donald Trump is a Zionist puppet.
  • RT Published on Oct 13, 2017
    Donald Trump’s expected to announce a new strategy on Iran this Friday, and all bets are on the President ripping up the ‘historic’ nuclear deal. The deal was hammered out by the US, Russia, France, the UK, China, Germany and Iran back in 2015. It followed nine years of talks. Political scientist, Kaveh Afrasiabi, believes the nuclear deal was always at risk because Trump doesn’t understand Iran as a country. RT’s Ilya Petrenko reports.

end

October 13, 2017 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

China Establishes Yuan-Ruble Payment System

  • China Establishes Yuan-Ruble Payment System
    by https://www.reuters.com/
    SHANGHAI (Reuters) – China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its foreign exchange transactions.

    The PVP system for yuan and ruble transactions was launched on Monday after receiving approval from China’s central bank, according to a statement by the country’s foreign exchange trading system.

    It marks the first time a PVP system has been established for trading the yuan and foreign currencies, said the statement, which was posted on Wednesday on the website of the China Foreign Exchange Trade System (CFETS).

    PVP systems allow simultaneous settlement of transactions in two different currencies. CFETS said the system would reduce settlement risk as well as the risk of transactions taking place in different time zones, and improve foreign exchange market efficiency.

    CFETS said it plans to introduce PVP systems for yuan transactions with other currencies based on China’s Belt and Road initiative, and complying with the process of renminbi internationalization. China has ambitious plans to create a New Silk Road to expand links between Asia, Africa, Europe. Russia and Central Asia are considered top-priority oil and gas sources for China, the world’s top energy consumer.

end

October 13, 2017 Posted by | Economics | , , , , | Leave a comment