Socio-Economics History Blog

Socio-Economics & History Commentary

The Qatar Blockade, Petro-Yuan & Coming War on Iran

  • The Qatar Blockade, Petro-Yuan & Coming War on Iran
    by Dan Glazebrook, https://www.rt.com/op-edge/
    Qatar hasn’t been playing ball with the US-approved, Saudi-led ‘isolate Iran’ program. Partly because Doha has made independence from Riyadh a hallmark of its foreign policy, but mostly because Qatar and Iran share the world’s largest natural gas field.

    US President Donald Trump’s speech to the assembled Gulf leaders in Saudi Arabia on May 21 is worth reading in full. It is deeply disturbing.

    Having praised himself for his $110 billion arms deal with the Saudis, he goes on to talk about the threat posed by terrorism, and what a wonderful job the US and the Gulfies – that is, the leading state sponsor of the region’s supremacist death squads and its assembled proxies – are doing in combating it. He then goes on to claim that at the root of the region’s terrorism lurks… guess who? The power leading the regional pushback against Islamic State (IS, formerly ISIS) and Al-Qaeda: Iran.

    Starving terrorists of their territory, their funding, and the false allure of their craven ideology, will be the basis for defeating them,” he says. “But no discussion of stamping out this threat would be complete without mentioning the government that gives terrorists all three — safe harbor, financial backing and the social standing needed for recruitment.

    This is pretty much exactly how Joe Biden – in his own attempt to whitewash US involvement – described Trump’s Saudi hosts three years earlier. But Trump is not talking about IS’s Saudi backers; he is talking about Iran – the same Iran responsible, with its Syrian and Russian allies, for that fact that the IS flag is not today flying over Damascus.

    read more.

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June 20, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

China Makes Move To End The Dollar! Petro-Dollar Collapse 2017?

  • Published on Jun 5, 2017
    China Now Pressuring Saudi oil exports be sold in Yuan. The Dollar Collapse is becoming a very real danger as a concerted effort to dethrone King Dollar as the world reserve currency The Petro Dollar stautus now looks more fragile than ever. China takes aim directly at the central point of strength to our very fragile fiat currency.

The grim reaper is coming for the petrodollar.

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June 10, 2017 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , , | Leave a comment

Gulf States Launch Naval Blockade of Qatar

  • Published on Jun 6, 2017
    In what has emerged as the most significant escalation to result from the Qatar diplomatic crisis – which pits two of OPEC’s largest oil producers, Saudi Arabia and the UAE, against the world’s biggest exporter of liquefied natural gas and further disrupts stability in the region – the biggest Middle East oil and container ports banned all vessels sailing to and from Qatar from using their facilities.


    According to a notice posted on the website of Inchcape Shipping, Saudi Arabian and Bahraini authorities closed off all of their ports to Qatari-flagged vessels or ships traveling to or coming from the Persian Gulf state, in what can be described as a quasi-naval blockade. As Bloomberg adds, container and oil terminals in the United Arab Emirates also closed off traffic to any ships touching Qatar. Learn More:

    http://www.zerohedge.com/news/2017-06…

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

China’s Yuan-for-Oil Deals Are a Direct Assault on the US Dollar

The grim reaper is coming for the petrodollar.

  • China’s Yuan-for-Oil Deals Are a Direct Assault on the US Dollar
    by Bryon King, http://russia-insider.com/en
    Editor’s note: Russia and China have already inked energy deals in yuan. The fact that the Saudis are inching closer to a similar agreement with Beijing should be front page news.

    China is currently modifying the terms of its oil trade with Saudi Arabia. Specifically, China is working on a deal to pay for Saudi oil using Chinese yuan. This effort poses a direct threat to the security of the dollar.

    If this China-Saudi deal happens — yuan for oil — it’s another step closer to the grave for the petrodollar, which has dominated global finance since 1974. You can revisit Jim Rickards article about the Assault on the Dollar, here.

    To recap, the petrodollar is weakening because the dollar is losing power as the world’s reserve currency. This is similar to the way pounds sterling gradually fell out of favor during the decline of the British Empire. The decline may take a long time, but what we’re seeing today is another step in the death march of the dollar.

    read more.

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

Jim Willie: Three Days of Jackass

Click on image to download MP3 interview.

  • Jim Willie: Three Days of Jackass
    by Turd Ferguson, http://www.tfmetalsreport.com/
    As per tradition, the Golden Jackass returns today with over an hour of A+ audio entertainment for your holiday weekend listening. The discussion begins with some additional information on Jim’s latest public post found here: http://news.goldseek.com/GoldenJackass/1495656000.php 

    From there, the conversation moves to the petrodollar, the Eurasian Trade Zone, the new Hong Kong Gold Exchange and Jim even gives some thoughts on Bitcoin and the rest of the crypto-currencies.

    I’m confident that you’ll find this information to be very informative and valuable. Perhaps it will help you to pass the time while driving or traveling over the weekend. Either way, sit back and enjoy 75 minutes of Jackass consciousness.

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May 27, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Sordid Saudi Signals

  • Jim Willie: Sordid Saudi Signals
    by Jim Willie, http://www.goldenjackass.com/, via http://www.goldseek.com/
    THE US-SAUDI ARMS DEAL
    THE SAUDI ARMS DEAL SUDDENLY TRIPLED IN SIZE WITH LONG TIME SCHEDULE WITHIN THE AGREEMENT… TRUMP COMPLETED THE SINGLE LARGEST ARMS DEAL IN US-HISTORY, DONE WITH SAUDI ARABIA… IT EXCEEDED THE PREVIOUS COMMITMENT FROM TWO WEEKS AGO, NOW WORTH $350 BILLION… WITNESS US-STYLE ECONOMIC STIMULUS, THE TOXIC WAY… THE USGOVT SUPPORTS THE FADING SAUDI KINGDOM, SUPPORTS THEIR VICIOUS YEMEN WAR, AND APPLAUDS THEIR SUPPORT OF ISIS TERROR… THE USGOVT IS ENCOURAGING THE FORMATION OF A GULF REGION NATO, SURELY DEDICATED TO US-ARMS SUPPLY… CURIOUS THE PAYMENT METHOD TO COME, WITH CONJECTURE.


    The USMilitary-industrial complex has come to the rescue of USEconomy with the massive arms sale to the world’s biggest purchaser of weapons, namely Saudi Arabia. Beyond the glitz and royal pageantry, President Trump’s visit to Saudi Arabia in all likelihood had a main purpose to sell weapons, and to complete a gigantic $350 billion over the next decade. It will have weapon orders filled over time. In turn, the Saudi Royals have promised to invest $billions in the United States as well and to make other commitments designed to placate Trump. The pablum on the official line is that the first phase, with $109.7bn in weapons purchases, will boost Saudi Arabia’s defense capabilities, bolstering their security services in the face of extreme terrorist groups, and the new threats from Iran. The White House added that the deal will create defense jobs while also reaffirming America’s commitment to Saudi Arabia. What a load of rubbish! The Saudis created the Yemen War in order to steal their neighbor’s energy deposits, thus creating a critical situation with consequent certain backfire. The USGovt support of Saudi Arabia goes hand in hand with desperate clinging to the Petro-Dollar. The defacto standard is in its final phase of demise. So the USGovt pledges support to the entire Gulf set of partners, which means the oil monarchies. If the kings and princes do not respond with overt support, they risk being murdered, or having untold terrorism unleashed on their people.

    read more.

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

China Is About To Unleash A New Global Monetary System

  • China Is About To Unleash A New Global Monetary System
    by http://www.kingworldnews.com
    In case anyone was wondering what the Chinese government is thinking, they are about to unleash a new global monetary system.

    The Greatest Bull Market In Gold
    Stephen Leeb:  “If you’re a gold investor fretting at the metal’s seeming drowsiness, don’t worry. A lot has been happening lately that brings us closer to the launch of a great bull market in gold that will be unmatched in its sweep and longevity. The biggest mistake you can make now would be to get shaken out of your gold (and silver) positions if gold continues to tread water or possibly even dips below $1,200. The second-biggest mistake would be to not take advantage of near-term weakness to add to your holdings…


    read more.

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

China’s Belt & Road Will Push The Petrodollar To It’s Doom

  • Published on May 15, 2017
    Empire fed plunges into contraction and as the economy declines. Business investment continues to decline. Trump’s trade rep get sworn in which will allow the NAFTA negotiations to begin. Citis surprise index has plummeted and Morgan Stanley’s indicators are imploded signalling a major problem headed our way. Paul Krugman warns that Trump will collapse the economy. Russia, China and other nations join to discuss the belt and road initiative. The trade system will be free trade it will destroy the petrodollar.

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

Is JPMorgan Preparing to REVALUE SILVER? | Jim Willie

  • Published on May 14, 2017
    Jim Willie says the petrodollar is history…
    In this interview, Jim Willie answers the following viewers’ questions about the COMEX, JPMorgan, Puerto Rico’s bankruptcy, and the petrodollar!

    – psionin, “Jim Willie mentioned a few times that buying a large amount of gold necessitates the paying of high premiums over spot price, with the final price being over 2K USD per ounce. What prevents one in such a position from placing the order on the COMEX or LBMA and taking delivery?”

    – larryik1211, “When Major banks start to Default do you see JP MORGAN push to re-value Silver upwards to use their SILVER stockpile as leverage to buy up and consolidate all the other bankrupt entities?”

    – Mikey Riley, “In regard to COMEX activities, why would the ‘small specs’ continue to be washed and rinsed by the large commercials? Don’t they ever learn? How do those hedge funds stay in business? I thought the COMEX would be deemed irrelevant by now due to the obvious rigging.”

    – Cole Wheeler, “What does the bankruptcy of Puerto Rico mean for the rest of USA inc.?”

    – Craig Butterfield, “Will the collapse of the petrodollar, abolish the federal reserve and their suppression of metal prices?”

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May 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Will Gold Save The Day?

  • Published on May 11, 2017
    Will gold save the day and prevent growing geopolitical tensions from spinning out of control?


    Also, what’s the future of the European Union? Centrist Emmanuel Macron won the French presidential election, defeating far-right anti-EU candidate Marine Le Pen. Some were saying if Le Pen would have won, that could spell the end of the EU. Jim Willie says now that Macron has won, the EU may be safe…for a few months. In addition, Jim Willie answers the following viewers’ questions

    – psionin, “Jim Willie mentioned a few times that buying a large amount of gold necessitates the paying of high premiums over spot price, with the final price being over 2K USD per ounce. What prevents one in such a position from placing the order on the COMEX or LBMA and taking delivery?”

    – larryik1211, “When Major banks start to Default do you see JP MORGAN push to re-value Silver upwards to use their SILVER stockpile as leverage to buy up and consolidate all the other bankrupt entities?”

    – Mikey Riley, “In regard to COMEX activities, why would the ‘small specs’ continue to be washed and rinsed by the large commercials? Don’t they ever learn? How do those hedge funds stay in business? I thought the COMEX would be deemed irrelevant by now due to the obvious rigging.”

    – Cole Wheeler, “What does the bankruptcy of Puerto Rico mean for the rest of USA inc.?”

    – Craig Butterfield, “Will the collapse of the petro dollar, abolish the federal reserve and their suppression of metal prices?”

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May 12, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: Will China and Russia Take Down the US Petrodollar?

  • Jim Willie: Will China and Russia Take Down the US Petrodollar?
    by http://www.trunews.com/
    Will China and Russia take-down the U.S. Petrodollar with a gold-backed digital currency? Today on TRUNEWS, Rick Wiles speaks with financial analyst Jim Willie regarding the seemingly inevitable transition from an American dominated financial order to a system controlled by the East. Jim also shares his theory that Prince Philip’s retirement is actually a smokescreen for the secret death of Queen Elizabeth, and that her passage will lead to the exposure of the Satanic global pedophile ring. 

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

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, 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.

    read more.

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May 2, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

WW III Is Here: Syria’s Reichstag Moment — The Neocons Have Won

WW3 is near?

  • WW III Is Here: Syria’s Reichstag Moment — The Neocons Have Won
    by Dave Hodges, http://www.thecommonsenseshow.com/
    Things are unfolding faster than they can be covered.   With the US taking offensive action in Syria, the world has moved very close to war. 
    ….
    Syria’s Reichstag Moment
    All historians are familiar with how Hitler was able to seize and consolidate power within the German Reichstag. He simply had his henchmen burn the German legislative building to the ground and then blame the Communists, one of the Nazi’s chief rivals. Subsequently, Hitler assumed total dictatorial power, as a pretense to protect the German people, and he was able to eliminate the Communists and the rest, as they say, was history.

    Obama (I mean Trump) Is Under Immense Pressure
    Obama (Trump) is under enormous pressure, from the Banksters to take out the Iranian regime The need to take down Iran is necessitated because the Petrodollar is in real trouble because of Iran’s insistence on selling oil to India, China and Russia in exchange for gold.

    Gold is a four letter word to the Banksters. The Banksters must maintain their fiat currency schemes. Subsequently, the Banksters must dominate the purchase of oil and the distribution of gold for three reasons:

    (1) The Banksters thrive on fiat currency which is backed by virtually nothing and this is coupled with fractional reserve practices in order to acquire real material wealth based on their creation of worthless paper and the introduction of gold threatens this Ponzi scheme;

    (2) Since Bretton Woods, the world has been forced by the Banksters to play in their Ponzi scheme game by first purchasing Federal Reserve dollars which is in turn used to purchase oil. Saddam Hussein failed to play by the Petrodollar rules by selling oil for Euros and paid for his disobedience with his life; and,

    (3) Once the Banksters collapse the currencies of the world, they want to be the ones controlling gold, the only remaining currency, in a post economic Armageddon.

    Why did I note Obama (I mean Trump)? Because I wrote these same words three years ago and four years ago. Obama previously accused Assad of launching chemical attack on his people then. Obama was organizing to invade. First it was Syria and then it was  Syria and then it was to be Iran. Why? Because Iran was fueling the run away from the Petrodollar to gold-based currencies.  This means war to the bankers. And war is what we are going to get?

    Mr. President, what happened to your pledge to bring our troops home? What happened in Syria is a false flag attack and anyone with an IQ above room temperature knows this.

    It is interesting to note the media attacks on Trump have relaxed over thte past 2-3 days! This is no coincidence.  And even if the attack was not a false flag, which it is, is this ALLEGED attack by Syria worth a confrontation with the Russians becaue they are entrenched in their support of Assad. Why wouldn’t Trump approach Putin and have a dialogue prior to the massive missile attack? Wouldn’t this be consistent to what he pledged to do during the campaign?

    The Planning for This False Flag Attack Has Been Planned Well in Advance of the Attack
    There are two developments that speak to prior planning for matial law and World War III, with both Russia and China prior to this false flag.

    read more.

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April 10, 2017 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on WW III Is Here: Syria’s Reichstag Moment — The Neocons Have Won

JUDGMENT DAY: Russia & China Bypass the Dollar With GOLD

  • Published on Apr 7, 2017
    NOTE: This interview was recorded in the hours BEFORE Trump bombed Syria, or it would have been discussed. In this conversation with Andy Hoffman we discuss the Russia and China’s rapid move away from the Dollar and toward gold. It will soon be judgment day for the Petro-dollar.

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April 8, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Comments Off on JUDGMENT DAY: Russia & China Bypass the Dollar With GOLD

ISIS Used US Missile Strike to Launch New Offensive Near Palmyra – Homs Governor

  • Published on Apr 7, 2017
    Taking advantage of the US missile strike on a Syrian airbase, Islamic State forces launched a major offensive to gain control of strategic oil areas near Palmyra, but failed, a local governor told RT.
https://www.wsws.org/en/articles/2014/07/30/isis-j30.html

Click on image for article.

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April 8, 2017 Posted by | GeoPolitics | , , , , , , , , , , | Comments Off on ISIS Used US Missile Strike to Launch New Offensive Near Palmyra – Homs Governor