Socio-Economics History Blog

Socio-Economics & History Commentary

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

Jim Willie: Entire Western System Infected with Satanism. End of Petrodollar

  • INTERVIEW WITH PLANE TRUTH OF TIME MONK RADIO
    by http://goldenjackass.com/main5.html
    November 17th:  topics covered include the Global Paradigm Shift of financial insolvency and debt saturation in the West versus the infra-structure development and non-USD platforms in the East, the three global breakdown elements 1) crumbling Petro-Dollar with diverse ramifications, 2) failing banking system propped by QE hyper inflation, 3) development of Eurasian Trade Zone with One Belt One Road as massive diversion from the USDollar Sphere, the retirement of the Petro-Dollar that leads to quickening of events in the financial structures and geopolitical framework, the slipped power of the USMilitary with vulnerable Aegis system, the US/ Western political factions at work with President Trump versus the Fascist NeoCons, the rise of the Dual Universe (USD vs RMB) to be tolerated by the USGovt finally, the return of German trade ventures with Russia, the potential for European Union breakup with focus on Italy and France, the gold price suppression to crash up against the Gold Trade Note.

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November 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Are The Globalists Moving Forward With Their One World Currency Agenda?

  • X22Report Published on Nov 16, 2017
    The report is out the Obamacare signups are those who already had Obamacare they are renewing, the new signups are nonexistent. Al Franken is caught groping and kissing a women without her permission. FBI information identity revealed in the Clinton Uranium One scandal. After Trumps meeting with China, China is now sending a diplomat to NK for talks. Israel and Saudi Arabia pushing an event in Iran using Lebanon as a proxy. Are the globalists pushing the agenda for a one world currency?  The cabal using cyber attacks to convince the world this is why the economic system is going to crash.

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

Saudi Coup Signals War And The New World Order Reset

  • Saudi Coup Signals War And The New World Order Reset
    by Brandon Smith, http://www.alt-market.com/
    For years now, I have been warning about the relationship of interdependency between the U.S. and Saudi Arabia and how this relationship, if ended, would mean disaster for the petrodollar system and by extension the dollar’s world reserve status. In my recent articles ‘Lies And Distractions Surrounding The Diminishing Petrodollar’ and ‘The Economic End Game Continues,’I point out that the death of the dollar as the premier petrocurrency is actually a primary goal for establishment globalists. Why? Because in an effort to achieve what they sometimes call the “global economic reset,” or the “new world order,” a more publicly accepted centralized global economy and monetary framework is paramount. And, this means the eventual implementation of a single world currency and a single global economic and political authority above and beyond the dollar system.


    But, it is not enough to simply initiate such socially and fiscally painful changes in a vacuum. The banking powers are not interested in taking any blame for the suffering that would be dealt to the masses during the inevitable upheaval (or blame for the suffering that has already been caused). Therefore, a believable narrative must be crafted. A narrative in which political intrigue and geopolitical crisis make the “new world order” a NECESSITY; one that the general public would accept or even demand as a solution to existing instability and disaster.

    That is to say, the globalists must fashion a propaganda story to be used in the future, in which “selfish” nation-states abused their sovereignty and created conditions for calamity, and the only solution was to end that sovereignty and place all power into the hands of a select few “wise and benevolent men” for the greater good of the world.

    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 U.S. and Saudi Arabia. Saudi Arabia has been the single most important key to the dollar remaining as the petrocurrency from the very beginning.

    The very first oil exploration and extraction deal in Saudi Arabia was sought by the vast international oil cartels of Royal Dutch Shell, Near East Development Company, Anglo-Persian, etc., but eventually fell into the hands of none other than the Rockefeller’s Standard Oil Company. The dark history of Standard Oil aside, this meant that Saudi business would be handled primarily by American interests. And the Western thirst for oil, especially after World War I, would etch our relationship with the reigning monarchy in stone.

    read more.
http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

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http://www.thenewamerican.com/world-news/europe/item/8864-vatican-council-calls-for-world-government-central-bank

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http://americanfreepress.net/?p=1263

Click on image to goto article.

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

Breaking News! Russia Funded Russian Elections – BuzzFeed ‘Secret Finding’

  • Breaking News! Russia Funded Russian Elections – BuzzFeed ‘Secret Finding’
    by https://www.rt.com/
    BuzzFeed’s latest “explosive” scoop on “secret” Russian financing of a 2016 election turned out to be an instant hit by burying a key detail: it was a Russian election. On Tuesday, the US media outlet ran a story headlined “Secret Finding: 60 Russian Payments ‘To Finance Election Campaign of 2016’”.

    The 959-word article opens with the revelation that during August 2016, at the height of US election euphoria, the Russian Foreign Ministry wired $30,000 to its embassy in Washington. The money came with a memo suggesting it was “to finance the election campaign of 2016” – a red flag for many looking for evidence of Russia’s ominous influence in the US.

    The article states more than $380,000 of these “2016 election” payments were sent via Citibank from Russia’s Foreign Ministry. However, it takes almost 400 words to mention that Russia also held an election that year, on September 18, with voting booths opened abroad for expatriate Russians to cast their ballot. Wire transfers mentioning a 2016 election were also sent to almost 60 other Russian embassies around the world.

    BuzzFeed is reporting that the payments are being pored over by the Federal Bureau of Investigations. The outlet itself spared no effort in advertising its story: senior investigations editor Ariel Kaminer called it an “explosive scoop,” as did Jason Leopold, a journalist on the story.

    BuzzFeed UK investigations editor Heidi Blake labeled the story a “bombshell” revelation unearthed by “scoop machines” Jason Leopold, Anthony Cormier and Jessica Garrison.

    Despite garnering much traction online, the “secret” money might not be as explosive a story as initially thought. LA Times writer Adam H Johnson claimed BuzzFeed’s reporting style for the story was “cynical as sh*t.” “A qualifier buried in paragraph seven 100% undermines the sensationalist headline,” he said. He added: “At the very least if you’re going to run a thin FBI press release that buries exculpatory details… tells your editors to not oversell the sh*t out of it.”

    Other journalists such as Bloomberg’s Leonid Bershidsky and Glenn Greenwald have chimed in with their own thoughts.

    read more.

http://www.washingtontimes.com/news/2017/apr/25/christopher-steele-admits-dossier-charge-unverifie/

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http://nypost.com/2017/01/10/buzzfeeds-trump-report-takes-fake-news-to-a-new-level/

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November 16, 2017 Posted by | GeoPolitics, Social Trends | , , , , , , , | Leave a comment

US Directly Supports ISIS Terrorists in Syria — Russian Defense Ministry

http://tass.com/defense/975528

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http://www.bbc.co.uk/news/resources/idt-sh/raqqas_dirty_secret

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

Petro Dollar Is In The Process Of Being Shutdown To Make Way For The New Currency: Bix Weir

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

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9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

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

Tel Aviv Says Will Continue Attacking Syria

  • PressTV News Videos Published on Nov 14, 2017
    The Israeli Prime Minister has pledged to continue anti-Syria operations despite an international effort to bring peace to the crisis-hit Arab country. Benjamin Netanyahu said he had informed both Washington and Moscow of the decision. The Israeli premier’s statement is a rebuke to the United States and Russia that recently pledged their commitment to Syria’s sovereignty, independence and territorial integrity. Last week, U-S President Donald Trump and his Russian counterpart Vladimir Putin issued a joint statement, saying there was no military solution to the crisis in Syria. The two leaders also agreed to continue joint anti-Daesh efforts and called on all parties to take an active part in the Geneva political process. The statement was devoted to the cease fire in southwest Syria that was initially agreed to in July.
https://socioecohistory.wordpress.com/2010/09/04/hexagram-star-of-david-or-star-of-lucifer/

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

https://www.wsj.com/articles/israel-gives-secret-aid-to-syrian-rebels-1497813430

Click on image for article. Subscription needed.

https://www.rt.com/op-edge/395002-syria-israel-military-terrorism/

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https://www.rt.com/news/388580-israel-minister-assad-assassination/

Zionist war propaganda! Click on image for article.

http://www.jpost.com/Arab-Israeli-Conflict/Israeli-minister-calls-for-assassination-of-Syrians-Assad-490874

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https://www.thesun.co.uk/news/3321817/israel-attack-syrian-army-positions/

ISIS is a tool of the Israeli Mossad. They are in bed together to attack Syria. Obvious propaganda is this article. Click on image for article.

http://www.dailymail.co.uk/news/article-3315347/Watch-heart-pounding-moment-Israeli-commandos-save-Islamic-militants-Syrian-warzone-risking-lives-sworn-enemies.html

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http://www.timesofisrael.com/liveblog-november-11-2015/

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http://news.antiwar.com/2016/06/21/israeli-intel-chief-we-dont-want-isis-defeated-in-syria/

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November 15, 2017 Posted by | GeoPolitics | , , , , , , , , , , , | Leave a comment

ISIS Leaders Escaped Syria with Help from US, UK ‒ Report

  • RT America Published on Nov 14, 2017
    Did the US and UK help Islamic State leaders escape Raqqa, Syria, or was it a humanitarian effort gone awry? RT America’s David Miller examines a new report on a secret deal between the United States and Britain to help ISIS flee the besieged city.
http://www.bbc.co.uk/news/resources/idt-sh/raqqas_dirty_secret

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http://www.globalresearch.ca/going-after-the-islamic-state/5401439

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http://www.guardian.co.uk/uk/2005/jul/08/july7.development

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http://sputniknews.com/middleeast/20160813/1044242978/trump-obama-hillary-isis-syria.html

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http://www.wnd.com/2016/08/2012-pentagon-report-warned-obama-was-creating-isis/

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http://www.thenewamerican.com/usnews/foreign-policy/item/19258-obama-s-anti-isis-coalition-built-isis-biden-admits

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http://www.thenewamerican.com/usnews/foreign-policy/item/19152-obama-s-moderate-rebels-sign-deal-with-isis-report-says

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November 15, 2017 Posted by | GeoPolitics | , , , , , , , , , , , | Leave a comment

Moscow: Washington Covers for ISIS-Daesh in Syria

  • PressTV News Videos Published on Nov 14, 2017
    Russia has once again accused the United States of pretending to fight terrorism in the Middle East, saying Washington provides de-facto cover for Daesh in Syria.
http://newsvoice.se/2015/05/27/swedish-politician-us-is-the-cause-of-refugees-from-the-middle-east/

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November 15, 2017 Posted by | GeoPolitics | , , , , , , , , , , | Leave a comment

If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention

  • If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention
    by Chris Martenson, https://www.peakprosperity.com/
    A key geopolitical axis is swiftly shifting
    While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, is likely to be enormous.

    A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It’s upending many decades of established strategic relationships among the world’s superpowers and, in particular, is throwing the Middle East into turmoil.

    So much is currently in flux, especially in Saudi Arabia, that nearly anything can happen next. Which is precisely why this volatile situation should command our focused attention at this time. The main elements currently in play are these:

    * A sudden and intense purging of powerful Saudi insiders (arrests, deaths, & asset seizures)
    * Huge changes in domestic policy and strategy
    * A shift away from the US in all respects (politically, financially and militarily)
    * Deepening ties to China
    * A surprising turn towards Russia (economically and militarily)
    * Increasing cooperation and alignment with Israel (the enemy of my enemy is my friend?)

    Taken together, this is tectonic change happening at blazing speed. That it’s receiving too little attention in the US press given the implications, is a tip off as to just how big a deal this is — as we’re all familiar by now with how the greater the actual relevance and importance of a development, the less press coverage it receives. This is not a direct conspiracy; it’s just what happens when your press becomes an organ of the state and other powerful interests. Like a dog trained with daily rewards and punishments, after a while the press needs no further instruction on the house rules.

    It does emphasize, however, that to be accurately informed about what’s going on, we have to do our own homework. Here’s a short primer to help get you started.

    read more.

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

Congressman Warns Of Plan “To Carry Out A Coup D’etat” Against Trump And The American Voters

  • The Alex Jones Channel Published on Nov 10, 2017
    House Rep. Matt Gaetz (R-Fla.) called on Special Counsel Robert Mueller to resign because there is an apparent conflict of interest involving Mueller and an alleged campaign to undermine Trump.

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November 11, 2017 Posted by | GeoPolitics | , , , , , , | Leave a comment

NATO Ministerial Meeting: Preparing for War on Russia?

  • NATO Ministerial Meeting: Preparing for War on Russia?
    by Stephen Lendman, http://stephenlendman.org/
    America controls NATO policymaking. The alliance serves as its global imperial arm – warmaking its mission, not fostering world peace and stability. Nor does it have anything to do with defense at a time the only threats alliance members face are invented ones. Real ones don’t exist.

    World peace and stability notions are contrary to US objectives, wanting unchallenged dominance over world nations, their resources and populations. America’s diabolical agenda involves endless wars of aggression, wanting all sovereign independent nations replaced by US vassal states, creating ruler/serf societies globally, an open-air prison for ordinary people disposed of if resist – a world unsafe and unfit to live in.

    On November 8 and 9, NATO ministers are meeting in Brussels. Like his predecessors, Secretary-General Jens Stoltenberg was appointed to serve US interests, taking orders from Washington. Issues to be discussed Wednesday and Thursday include revising NATO’s command structure, including “a new command to help protect sea lines of communication between North America and Europe, and another command to improve the movement of troops and equipment within Europe,” said Stoltenberg – stressing “our ability to move forces,” he added.

    Against what, he didn’t explain – preparing for war on Russia the unstated objective, whether or not waged. It’s more likely than not ahead – a modern-day Operation Barbarossa with nukes if launched. Russia and China represent the final frontier of resistance against US sought global dominance. Eventual conflict against both nations is ominously possible, maybe likely or certain, a grim prospect if happens.

    read more.
http://www.express.co.uk/news/world/756758/America-Russia-USA-tanks-military-Vladimir-Putin-Barack-Obama-Donald-Trump-Ukraine

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https://www.thesun.co.uk/news/2590015/us-army-moves-2500-tanks-trucks-and-military-vehicles-into-europe-in-the-biggest-troop-transfer-since-the-cold-war/

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http://russia-insider.com/en/after-tanks-boots-thousands-us-troops-arrive-germany-way-russian-frontier/ri18486

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http://www.dailystar.co.uk/news/latest-news/577041/us-troops-to-russia-tanks-poland-world-war-3

NATO is provoking Russia into WW3. Click on image for article.

http://www.dailymail.co.uk/news/article-4100008/Stockpile-U-S-tanks-military-equipment-arrives-Germany-deter-Russian-aggression.html

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November 11, 2017 Posted by | GeoPolitics | , , , , , , , , , , , , , | 1 Comment

Chinese Yuan-RMB to Threaten Dollar Dominance | Jim Willie (Part 2)

  • SilverDoctors Published on Nov 9, 2017
    The U.S. won’t be able to stop the Chinese Yuan from replacing the Dollar in trade payments the East.
https://www.rt.com/op-edge/408006-china-oil-petro-yuan-russia/

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https://www.rt.com/business/407789-us-petro-dollar-yuan/

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https://www.rt.com/business/406373-china-saudi-arabia-yuan-oil/

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https://www.rt.com/business/403465-dollar-end-china-crude-rogers/

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

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November 11, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment