Socio-Economics History Blog

Socio-Economics & History Commentary

Russia-China Real Gold Standard Means End of US Dollar Dominance

https://www.rt.com/business/412546-china-russia-gold-standard-dollar/

Click on image for article.

December 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

Walking Into Armageddon

WW3 is near?

  • Walking Into Armageddon
    by https://www.paulcraigroberts.org/
    The orchestrated hostility toward Russia, China, Iran, and North Korea protects the $1,000 billion annual budget of the military/security complex by convincing the American public that the US is threatened by enemies. It also keeps alive Democratic Party hopes that Trump can be removed from office, and it has prevented President Trump from normalizing relations with Russia. I have emphasized for some time that Washington’s gratuitous and aggressive actions against Russia and the constant barrage of false accusations against Russia and its government have convinced Russia that Washington is planning a military attack. There is nothing more reckless and irresponsible than to convince a nuclear superpower that you are preparing an attack on them.

    One would think that such irresponsible and reckless behavior would have the citizenry aroused and the media reporting the risk. Yet, there is only silence. It is more important to the media whether NFL players stand for the national anthem and that some male politicians show sexual interest in women in inappropriate ways. Insouciant America is walking into Armageddon.

    A few days ago former US Secretary of Defense William J. Perry added his voice to mine and to those of the few who understand the danger. Perry said:

    “When the Cold War ended, I believed that we no longer had to take that risk [nuclear annihilation] so I put all my energy into efforts to dismantle the deadly nuclear legacy of the Cold War. During my period as the Secretary of Defense in the 90s, I oversaw the dismantlement of 8,000 nuclear weapons evenly divided between the United States and the former Soviet Union. And I thought then that we were well on our way to putting behind us this deadly existential threat, But that was not to be. Today, inexplicably to me, we’re recreating the geopolitical hostility of the Cold War, and we’re rebuilding the nuclear dangers. … We are doing this without any serious public discussion or any real understanding of the consequences of these actions. We are sleepwalking into a new Cold War, and there’s very real danger that we will blunder into a nuclear war. If we are to prevent this catastrophe, the public must understand what is happening.” http://www.zerohedge.com/news/2017-12-03/former-us-defense-secretary-explains-why-nuclear-holocaust-now-likely 

    How can the American public understand when they do not know, because the few voices telling them are not reported. Indeed, the military/security complex, the Israel Lobby and the lobby’s American agents among the neoconservatives are actively working to discredit those who are aware of the dangerous situation.

    read more.

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

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December 9, 2017 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Daniel Ellsberg: U.S. Military Planned First Strike On Every City In Russia and China … and Gave Many Low-Level Field Commanders the Power to Push the Button

  • Daniel Ellsberg: U.S. Military Planned First Strike On Every City In Russia and China … and Gave Many Low-Level Field Commanders the Power to Push the Button
    by WashingtonsBlog
    Daniel Ellsberg – America’s most famous whistleblower, the former military analyst who leaked the Pentagon Papers which helped end the Vietnam war – has just published a book revealing that he was also one of the main nuclear war planners for the United States in the 1960s.


    Ellsberg said in an interview this morning that the U.S.  had plans for a first strike on every city in Russia and China … and that numerous field-level commanders had the power to start nuclear Armageddon:

    [Interviewer] So, you made copies of top-secret reports for plans about nuclear war years before you copied the Pentagon Papers—
    DANIEL ELLSBERG: That’s right.
    [Interviewer] —and released them to the press?
    DANIEL ELLSBERG: Essentially, my notes, and sometimes verbatim excerpts, not the entire plans themselves, but on plans that were then unknown to the president, to begin with, to President Kennedy. I briefed his aide, McGeorge Bundy, in his first month in office on the nature of the plans and some of the other problems, like the delegation of authority to theater commanders for nuclear war by President Eisenhower, which was fairly shocking to McGeorge Bundy, even though Kennedy chose to renew that delegation, as other presidents have.

    But I was given the job of improving the Eisenhower plans, which was not a very high bar, actually, at that time, because they were, on their face, the worst plans in the history of warfare. A number of people who saw them, but very few civilians ever got a look at them. In fact, the joint chiefs couldn’t really get the targets out of General LeMay at the Strategic Air Command.

    And there was a good reason for that: They were insane. They called for first-strike plans, which was by order of President Eisenhower. He didn’t want any plan for limited war of any kind with the Soviet Union, under any circumstances, because that would enable the Army to ask for enormous numbers of divisions or even tactical nuclear weapons to deal with the Soviets. So he required that the only plan for fighting Soviets, under any circumstances, such as an encounter in the Berlin corridor, the access to West Berlin, or over Iran, which was already a flashpoint at that point, or Yugoslavia, if they had gone in—however the war started—with an uprising in East Germany, for example—however it got started, Eisenhower’s directed plan was for all-out war, in a first initiation of nuclear war, assuming the Soviets had not used nuclear weapons.

    And that plan called, in our first strike, for hitting every city—actually, every town over 25,000—in the USSR and every city in China
    . [Ellsberg isn’t the first to discuss U.S. plans for a nuclear first strike.  In the 1986 book To Win a Nuclear War: The Pentagon’s Secret War Plans, one of the world’s leading physicists – Michio Kaku – revealed declassified plans for the U.S. to launch a first-strike nuclear war against Russia.  The forward was written by former U.S. Attorney General Ramsey Clarke.]  A war with Russia would inevitably involve immediate attacks on every city in China. In the course of doing this—pardon me—there were no reserves. Everything was to be thrown as soon as it was available—it was a vast trucking operation of thermonuclear weapons—over to the USSR, but not only the USSR. The captive nations, the East Europe satellites in the Warsaw Pact, were to be hit in their air defenses, which were all near cities, their transport points, their communications of any kind. So they were to be annihilated, as well.


    read more.
http://www.amazon.com/To-Win-Nuclear-War-Pentagons/dp/0896083217

Provides a startling glimpse into secret U.S. plans to initiate a nuclear war from 1945 to the present. Based on recently declassified Top Secret documents obtained through the Freedom of Information Act, this book meticulously traces how U.S. policy makers in over a dozen episodes have threatened to initiate a nuclear attack. Click on image to goto Amazon!

http://usawatchdog.com/u-s-has-plans-for-preemptive-nuclear-attack-paul-craig-roberts/

Click on image for article.

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December 9, 2017 Posted by | GeoPolitics, History | , , , , , , | Leave a comment

China To Test Trade Petro-Yuan Oil Contracts THIS WEEKEND

https://www.bloomberg.com/news/articles/2017-12-06/petro-yuan-delays-show-hurdles-confronting-china-s-currency-push

Click on image for article.

  • China To Test Trade Petro-Yuan Oil Contracts THIS WEEKEND
    by https://www.silverdoctors.com/
    Bloomberg just went full Petro-yuan. There’s just one glaring omission. Here’s the details… One of the main understandings a person gets when they wake up to gold and silver is the inevitable death of the Petro-dollar.

    By now most in the precious metals space should be keen on the fact that China is the up-and-comer in the gold market. From the Shanghai Gold Exchange roll-out last year, and the IMF SDR basket inclusion the year before, China has been rising with it’s role in global finance. If there was a theme to China this year, it would be the highly polarizing rise of the Petro-yuan theme. Today this theme has come front and center in the MSM. Here’s Bloomberg just today:

    China’s moves to set up trading oil in yuan have sparked enthusiasm about what could be a shift in the global financial system: a reduced role for the U.S. dollar. Players like Adam Levinson, founder of hedge fund Graticule Asset Management Asia, call it a “huge story” to come.

    But with policy makers prioritizing market stability over internationalization, plans laid back in 2012 to start oil-futures trading priced in yuan or dollars in Shanghai that year are still pending. The latest from the city’s International Energy Exchange: it’s coming soon, with test trades scheduled this weekend.

    Let’s stop there for a moment. Notice the key words “market stability”. Note to self: The Fed has a mandate for “price stability”. Interesting. Secondly, they will begin test trades this weekend. Interesting. Bloomberg continues:

    As the world’s largest energy consumer and an increasing source of investment capital for oil-producing nations, China has an interest in using its own currency rather than that of a geopolitical competitor. One hurdle for setting up a rival to Brent or West Texas Intermediate: Overseas oil producers and traders would need to swallow China’s capital controls and penchant for occasional market interventions.

    Hmmm: Overseas oil producers and traders will need to swallow ‘capital controls’ and ‘occasional market interventions’? I’m sure oil producing countries would take those headaches and even losses eight days a week rather than having the war machine of the United States bombing their lands into the stone age all the while occupying their lands either before or after the fact.

    read more.

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December 7, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Iran & China Seek to Eliminate US Dollar from Bilateral Trade

  • Iran & China Seek to Eliminate US Dollar from Bilateral Trade
    by https://www.rt.com/
    Tehran and Beijing are determined to find ways to avoid using the US dollar as a settlement currency in trade, according to a report by Iranian economic daily Financial Tribune. The topic of de-dollarization was raised at a meeting between leading Chinese government political adviser Chen Yuan and Iranian central bank officials in Tehran.

    “Rial-yuan’s bilateral monetary agreement can have a significant role in increasing the volume of trade between the two countries and in this regard, we have conducted a series of negotiations with the central bank of the Republic of China’s president,”  said the Central Bank of Iran’s Governor Valiollah Seif.

    Tehran has been pursuing the goal of eliminating the dollar in its trade, and has been trying to sign currency swap agreements with a few target countries. Chen said that Iran and China should develop their banking links and also underlined the unfairness of the existing financial system, dominated by a few developed countries. He added, other nations would do better if the unfair system is eliminated.

    “We could use the experiences of European countries in establishing the euro as a common currency between many countries, which is not exclusively controlled by a single country. But until then, we need to utilize the maximum available capacities to expand our banking relations,”
     he was quoted as saying by the Iranian daily.


    However, any such initiatives require time and effort by several countries, the Chinese official said.

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December 7, 2017 Posted by | Economics | , , , , | Leave a comment

Dual Universe Of The Petro Yuan And Petro Dollar Has Arrived, It’s All About To Change: Jim Willie

December 6, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: Saudi Arabia Buying Time

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

Click on image for MP3 audio interview.

  • Jim Willie: Saudi Arabia Buying Time
    by https://ochelli.com/
    Ochelli Effect 12-1-2017 Jim Willie
    He’s Baaaack! Jim Willie , The editor-in-cheif and founder of The Hat Trick Newsletter & GoldenJackass.com un-packs the recent palace intrigues in the kingdom of oil and everything else greasy.  Saudi Arabia Buying Time ? We are privileged to get Jim’s take on many shell games being run in the grand casino of financial fun and games on a global scale. How and Why are the Saudi Royals “Buying Time”? Listen and find out. Also is there a connection to other publicly covered events in other deserts? By the Way , Is there a PhD thesis that Jim could , should , would destroy if he took his Golden Jackass Flamethrower to it ? Never bet against Willie The Jackass , He’ll beat you by at least a Hat Trick.

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December 3, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Russia & China Could Set International Gold Price Based on Physical Gold Trading

  • Implied in this move by Russia and China is that: the west has run out of physical gold to suppress the gold price. As long as there is physical gold to be bought by Russia and China at a suppressed dirt cheap price, they will not make this move. The Global Currency Reset is near: the world will return to a gold backed currency/monetary standard.
  • Russia & China Could Set International Gold Price Based on Physical Gold Trading
    by https://www.rt.com/
    Since Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold, or both, it is highly likely that the BRICS bloc they constitute could focus its cross-border gold trading network on trading physical gold.

    Gold pricing benchmarks from such a system would be based on physical gold transactions, which is a departure from the way the international gold price is currently established.

    Such a system would also be a threat to “gold” trading markets in London and New York. The London Over-the-Counter (OTC) and the New York COMEX futures exchange currently set the international gold price.

    OTC and COMEX are really trading synthetic derivatives on gold, and are completely detached from the physical gold market. In London, the derivative is fractionally-backed unallocated gold positions which are predominantly cash-settled. In New York the derivative is exchange-traded gold future contracts which are predominantly cash-settled and backed by very little real gold.

    The major gold producers Russia, China and other BRICS nations could change the way the international gold prices are set currently – in a synthetic trading environment which has very little to do with the physical gold market.

    read more.

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December 3, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

BRICS Consider Setting Up Gold Trading System

Remember the Golden Rule: “He who has the gold Rules!”

  • BRICS Consider Setting Up Gold Trading System
    by https://www.rt.com/
    Brazil, Russia, India, China and South Africa (BRICS) are discussing the possibility of establishing a separate gold trading system, according to the First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov.

    The traditional (trade) system based in London and partially in Swiss cities is becoming less relevant as new trade hubs are emerging, first of all in India, China, and South Africa,” he said, adding “we are discussing the possibility of establishing a single (system of) gold trade both within BRICS and at the level of bilateral contacts.”

    BRICS countries are large economies with substantial reserves of gold and an impressive volume of production and consumption of the precious metal, said the official. According to him, the new system may serve as a basis for the further creation of new benchmarks.

    The Bank of Russia has already signed a memorandum on developing bilateral gold trade with China. The regulator plans to form a single trade system with the People’s Republic of China in 2018.

    “We assume that trade and clearing links should be established. The point is that gold buyers should decide on the place of purchase,” Shvetsov said, adding that trade links will enable market participants to make deals on international exchanges via the central counterparty.

    Last year, the Bank of Russia and the People’s Bank of China announced plans to create a platform that would unite gold trading by the world’s two biggest gold buying countries.

    read more.

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November 28, 2017 Posted by | Economics | , , , | Leave a comment

The Dollar Is Finished, The Central Bankers Are Moving Us To A New System: Brandon Smith

November 26, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Give Thanks and Pass the Jackass

www.goldenjackass.com

Click on image to play interview MP3 file!

  • Jim Willie: Give Thanks and Pass the Jackass
    by Turd Ferguson, https://www.tfmetalsreport.com/
    In a holiday tradition here at TFMR, our old pal Jim Willie returns today to discuss a wide range of issues with questions posed by listeners in our A2A webinar format.

    Following an initial, 30-minute discussion of the significance of the recent events in Saudi Arabia, The Jackass spends nearly an hour fielding questions directly from the audience. Among the topics covered:

    * the growing economic conflict between the US and “the Eurasian Alliance”
    * the Swiss banks and shortages of allocated gold
    * reports of US intervention to allow ISIS terrorists to escape Raqqa
    * that “The Big Reset” has already begun, you likely just haven’t noticed
    * the Saudi Aramco IPO and what it signifies
    * Jim’s preferred asset allocation mix
    * and, in true Jackass free-form style, a whole lot more in between

    This baby checks in at 85 minutes. At an average speed of 70 mph, that means you can cover nearly 100 miles of drive time while listening on your way to your in-laws! For everyone else, maybe break it up into segments so that you don’t miss anything.

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November 25, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Next Financial Crisis Is Going To Be Worse, Gold, Silver & Miners Will Break Out: Keith Neumeyer

November 23, 2017 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

US ‘Empire of Debt’ Will go to War to Stop Emergence of Petro-Yuan – Max Keiser

November 22, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Saudi Arabia Wants to Kill the Petrodollar – Economist

  • Saudi Arabia Wants to Kill the Petrodollar – Economist
    by https://www.rt.com/
    The United States and Saudi Arabia are so interdependent that a rift would mean disaster for the petrodollar system and the greenback’s reserve currency status, warns economist Brandon Smith. He is sure Riyadh is planning to ditch the dollar.

    “I believe the next phase of the global economic reset will begin in part with the breaking of petrodollar dominance. An important element of my analysis on the strategic shift away from the petrodollar has been the symbiosis between the US and Saudi Arabia. Saudi Arabia has been the single most important key to the dollar remaining as the petrocurrency from the very beginning,” 
    Smith wrote in an article for his website Alt-market.com.


    The site claims its goal is to “facilitate barter networking and the exchange of knowledge and ideas for thriving in a faltering monetary environment.”

    According to the economist, Saudi Arabia’s Crown Prince Mohammed Bin Salman has been seeking ways of cutting dependence on the US dollar. Smith says the country’s Vision 2030 program may be not about reducing oil’s share in the economy, but killing the petrodollar.

    “Prince Mohammed’s revolutionary “Vision for 2030” developed as he entered power was touted as a means to end Saudi reliance on oil revenues to support economic stability. However, I believe this plan is NOT about ending reliance on oil, but ending reliance on the US dollar. In fact, the plan indicates a move away from the dollar as the world’s petrocurrency and a de-pegging of the riyal from the dollar,”
     he wrote.


    A 1974 agreement between US President Richard Nixon and Saudi King Faisal meant Riyadh has been accepting dollars for all its oil exports.

    “Prince Mohammed has also established much deeper ties to Russia and China, creating bilateral agreements which may end up removing the dollar as the mechanism for oil trade between the nations,”
     Smith added.

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

Timing the Collapse: Ron Paul Says Watch the Petrodollar

  • Timing the Collapse: Ron Paul Says Watch the Petrodollar
    by Nick Giambruno, Senior Editor, http://www.internationalman.com/
    “The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.” (emphasis mine)
    ~ Ron Paul

    What Ron Paul is referring to here is the petrodollar system. It’s one of the main pillars that’s been holding up the US dollar’s status as the world’s premier reserve currency since the breakdown of Bretton Woods.

    Paul is essentially saying that, if we want to better understand the answer to the elusive question of “When will the fiat US dollar collapse?“, we have to watch the petrodollar system and the factors affecting it.

    At the recent Casey Research Summit, I had the chance to speak extensively with Dr. Paul on this subject, and he told me that he stands by his assessment. I believe this is critically important, because once the dollar loses this coveted status, the window of opportunity to take preventative action will definitively shut for Americans.

    At that moment, I believe the US government will become sufficiently desperate and implement the destructive measures that governments throughout the world and throughout history have all taken (overt capital controls, wealth confiscations, people controls, price and wage controls, pension nationalizations, etc.)

    But it’s not just the financial implications that need to be considered. The destruction of the dollar is going to wipe out the wealth of a lot people, and that will cause political and social consequences that will likely be worse than the financial consequences. The three points to understand here are:

    read more.

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