Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Willie: Petrodollar System Collapse

Click on image to download MP3 interview.

  • The Ochelli Effect-2017-07-20 Jim Willie Petrodollar System Collapse
    by, Jim Willie
    Hour one.
    * petrodollar system collapse
    * Jim’s been sick for weeks, but starting to feel better.
    * Why is the MSM constantly talking about exchange rates?
    * petrodollar system collapse?
    * A lot of movement different currencies, and the dollar collapse.
    * The Euro is on the rise, all seems well in central Europe, but Jim says it’s not.
    * The dollar is in deep trouble due to the petrodollar system collapse.
    * The Chinese are going to buy Saudi oil with their own currency.
    * Threats of sanctions from Germany, and they are going to ignore the Russian sanctions.
    * Germany is starting to flip east as Jim predicted some years ago.
    * American opinion or policy doesn’t matter any more
    * The entire energy market is moving away from dollars [13 mins in].
    * OPEC is now toothless because of , petrodollar system collapse?
    * Treasuries are being dumped, who’s picking up the slack?
    * Jim and Chuck are both obnoxious , and happy about it.
    * Iran dumped 80 tankers full of oil onto the market
    * bonds and the petrodollar system collapse
    * Countries are going to dump treasuries putting massive pressure on derivatives
    * The US will be loosing the global reserve currency.
    * Did the German’s get their gold back? 140 tons of stolen gold in Libya.
    * Is Trump a clown or a genius? or genius at being a clown?
    * Trump asked Germany to pay more towards NATO, the Germans seem to have another plan.
    * NATO is coming apart?
    * Gold standard and Don’t forget Silver.
    * Did the German’s get their gold back?
    * German air force suffering from parts shortages
    * Turkey buying S400 missile systems from Russia
    * Chemtrails, GMO food and seeds, vaccines , primer for petrodollar system collapse
    * Global currency reset to replace dollar
    * Germans are printing marks others to in Europe
    * Euro behind the curtain
    * Fort Knox is empty , or maybe not
    * economic stagflation
    * domestic only Dollar 2.0
    * The system will offer the cure to collapse
    * What role will France and the NEW Mark play?
    * DC vs. The rest of the world.and the petrodollar system collapse

    Hour two
    *Kim , and Kim Jung Un , plus other fascists?
    * SJWs Suck
    * Why can’t certain subject be discussed on FaceBook?
    * Vaccines and chemical elements involved in the rise of sexual deviations.
    * petrodollar system collapse?
    * Free Speech safe space, in cyber space ?
    * Jim Willie is the founder of Golden and editor of the HAT TRICK news letter:


July 25, 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, 27 April 2017, via
    While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russian alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar.

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

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

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

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

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

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

    read more.


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

Turkish Media Reveals American Base Locations in Syria

  • Published on Jul 19, 2017
    A Turkish state news agency has released a list of U.S. military bases in Northern Syria, as relations between the two NATO allies take another downturn. The outlet claims to have detected Washington’s hidden outposts, located in Kurdish-held areas. READ MORE:


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

Pentagon Furious After Turkey Leaks U.S. Base Locations In Syria: “Hard Not To See This As A F-You”

  • It is correct to say that Turkey is 100% on the side of the Russians. Syria did not attack US-NATO. Syria did not threaten US-NATO. So why is US-NATO attacking Syria and supporting terrorists? Syria did not invite US-NATO into their territory. It is an illegal war of aggression by US-NATO.
  • Pentagon Furious After Turkey Leaks U.S. Base Locations In Syria: “Hard Not To See This As A F-You”
    by Tyler Durden,
    So much for NATO-alliance members working for the common good. In a move that has angered the U.S. for obvious reason, Turkey’s state-run news agency Anadolu Agency has leaked the precise locations of U.S. bases in northern Syria. The move – which exposes the exact locations of American soldiers on the front lines in the war-torn nation – has sent the ongoing feud between the two NATO allies to new lows. As Bloomberg details, in reports published in both Turkish and English on Tuesday, Anadolu provided detailed information about 10 U.S. bases in northern Syria, including troop counts and a map of the U.S. force presence in the Turkish version.

    Without citing specific sources, the state-run news agency unveiled the ten US outposts located in areas controlled by “terrorist” Kurdish militias in the provinces of Aleppo, Hasakah and Raqqa. The reports said that the military outposts are “usually hidden for security reasons, making it hard to be detected.” It said they were located “in the terrorist PKK/PYD-held Syrian territories,” a reference to Kurdish groups that Turkey’s government considers terrorist organizations.

    While locations of two of the bases, in Rmeilan district (in Hasakah province) and Harab Isk village (near Kobani, in Aleppo province), had already been widely publicized, the others had been mentioned only in outside reports, or were completely unknown. Anadolu’s story also provided systematic and detailed information about troop numbers, equipment, and US operational procedures at the outposts.

    Needless to say, the Pentagon was furious.

    read more.


July 20, 2017 Posted by | GeoPolitics | , , , , , , , , , | Leave a comment

New Report Concludes The US Empire Is Collapsing

  • Published on Jul 18, 2017
    Get economic collapse news throughout the day visit 

    Obamacare failed, it was being replaced with the same insurance, let it fail and then people will see the true nature of what this insurance ponzi scheme has created. New study and it shows America pays the most of insurance and it is dead last in providing health care to its people. Susan Rice and the creator of the dossier have backed out of testifying in front of congress. Legislation has been passed to go after human trafficking. US admits that NK does not have the capability to hit the US. Turkey close to signing deal with Russia for the S-400 missile system. Lebanon military preparing to take control of the border with Syria. The Pentagon releases new report, it concludes that the US empire is collapsing.


July 19, 2017 Posted by | Economics, GeoPolitics, Medicine & Health | , , , , , , , , , , , , , , , , , , , , | Leave a comment

NATO Gets Involved in Germany — Turkey Dispute as Tensions Rise

  • Published on Jul 17, 2017
    Berlin’s right to visit German troops at a NATO Konya airbase in Turkey is non-negotiable, says Chancellor Angela Merkel, adding she will “flatly” deny any pre-conditions.


July 18, 2017 Posted by | GeoPolitics | , , | Leave a comment

Heading Home: German Troops Start Withdrawal from Incirlik Airbase in Turkey

  • Published on Jul 10, 2017
    Germany has begun the process of withdrawing its troops from the Incirlik Air Base in southern Turkey, from where German troops have been carrying out reconnaissance missions as part of the US-led coalition’s campaign in Syria and Iraq. The move follows tensions with Ankara.


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

Qatar Blockade: Arab States Give Doha 10 Days to Cut Ties with Iran & Close Turkish Base

  • Published on Jun 23, 2017
    The Arab states which have imposed an economic blockade on Qatar over its alleged financing of terrorism have issued a severe list of demands, which includes giving Doha 10 days to cut ties with Iran, shutting down Al Jazeera, closing a Turkish military base and paying a fine.


June 24, 2017 Posted by | GeoPolitics | , , , , , , , | Leave a comment

Turkey Has No Intention of Closing Qatar Base Despite Saudi Ultimatum

  • Turkey Has No Intention of Closing Qatar Base Despite Saudi Ultimatum
    Turkey has no intention of shutting down its brand new military base in Qatar, it said in a rejection of a demand about the small Gulf kingdom voiced by other Arab nations. Ankara says the base benefits the entire Gulf region.

    Closing the Turkish base is reportedly one of 13 moves expected from Doha by a group of countries led by Saudi Arabia and Egypt, which last month declared a transport blockade of Qatar and downgraded diplomatic relations with it.

    “If there is such a demand, it will mean interference in bilateral ties,” Turkish Defense Minister Fikri Isik told the local broadcaster NTV. On Thursday, five armored vehicles and 23 troops arrived in Qatar from Turkey as part of the military cooperation between the two countries. There are already 88 Turkish soldiers stationed in Qatar, and that number is expected to eventually reach 1,000, according to Turkish newspaper Hurriyet. The agreement to host a Turkish base in Qatar was signed in 2014.

    “The strengthening of the Turkish base would be a positive step in terms of the Gulf’s security,”
    Isik said. “Re-evaluating the base agreement with Qatar is not on our agenda.”

    The minister added that the base in Qatar benefits the security of the entire region. He added the Arab nations opposing Qatar didn’t send a demand to shut down the base to Turkey directly.

    The rift among the Gulf nations is the latest iteration in a long-standing conflict over a number of issues, including Qatar’s support of the pan-Arab network Muslim Brotherhood, its economic ties with Iran and the influence it has in the Arab world thanks to its state-sponsored news channel Al Jazeera.

    read more.


June 24, 2017 Posted by | GeoPolitics | , , , | Leave a comment

Turkey Supports Persian Gulf Arab State Qatar, May Intervene to Solve Crisis

June 8, 2017 Posted by | GeoPolitics | , , , , | Comments Off on Turkey Supports Persian Gulf Arab State Qatar, May Intervene to Solve Crisis

Breaking: “Trump Calls For Turkey To Release Christian Pastor In Prison”

May 18, 2017 Posted by | GeoPolitics | , | Comments Off on Breaking: “Trump Calls For Turkey To Release Christian Pastor In Prison”

US to Send Heavier Weapons to Syrian Kurds Despite Turkey’s Objections

  • Published on May 9, 2017
    The Department of Defense has confirmed delivery of heavier weapons to US-allied Kurdish fighters, for the upcoming ‘long and difficult’ battle to retake the Syrian city of Raqqa from ISIS. The Pentagon has also offered protection to its NATO ally, Turkey.

Click on image for article.

Click on image for article.


May 10, 2017 Posted by | GeoPolitics | , , , , , , , , , | Comments Off on US to Send Heavier Weapons to Syrian Kurds Despite Turkey’s Objections

Turkey’s Foreign Minister: “Holy Wars Will Soon Begin!”

Click on image for article.

  • “Holy Wars Will Soon Begin”
    by Nick Giambruno, Senior Editor,
    Turkey’s foreign minister didn’t mince words. He recently said that Europe’s politicians are “taking Europe toward an abyss.” He added, “Soon religious wars will break out in Europe. That’s the way it’s going.”

    This was not an idle warning from a fringe politician. In fact, the Turkish minister is in a unique position to understand where Europe’s migrant crisis is headed. Turkey plays a critical role in this crisis. In many ways, it holds the European Union’s very life in its hands. As I write, Turkey is threatening to destroy the European Union (EU). This could all start in a matter of days.

    In recent years, over 1.5 million migrants from Africa, the Middle East, and South Asia have flooded into Europe. It’s already one of the largest mass migrations in history. But it’s just getting started. At least 2 million more migrants are bottled up in Turkey. There are millions more in Africa.

    Most of these migrants are unskilled. They don’t share the same race, religion, or culture of most Europeans. Few speak the language of their new countries. Almost all of them end up on welfare, further draining already bankrupt European states. This is where Turkey holds the key to the EU’s future…

    Turkey’s relationship with the EU recently hit new lows. The Turkish government has threatened to open the migrant floodgates… just in time to tip the scales for anti-EU candidate Marine Le Pen in France’s presidential election.

    This is all adding up to a historic crisis. Of course, when there’s a crisis, most people only see danger. But these are actually opportunities. Crises often allow you to buy a dollar’s worth of assets for a dime or less.

    read more.

Click on image for article.

Nephilim, children of the lesser serpent ‘gods’ desperate to ignite their Satanic WW3. Click on image for article.

All warfare is based on deception! Sun Tzu, The Art of War. Click on image for article.

All these terror psyop escalation is a sign that the western financial system is close to collapse. It will ignite a global economic, currency and financial meltdown. Click on image for article.


May 8, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Comments Off on Turkey’s Foreign Minister: “Holy Wars Will Soon Begin!”

Russia, Iran, Turkey Adopt Memorandum on Creation of 4 De-Escalation Zones in Syria

  • Published on May 4, 2017
    Read more: 

    Idlib, Latakia and Homs are included in the safe zones, as well as parts of Aleppo, according to the Turkish Foreign Ministry. Under the memorandum, any fighting between government forces and armed opposition will cease within the safe zones.


May 5, 2017 Posted by | GeoPolitics | , , , , , | Comments Off on Russia, Iran, Turkey Adopt Memorandum on Creation of 4 De-Escalation Zones in Syria

Erdogan Threatens More Strikes on US-Backed Kurdish Forces in Syria

  • Published on May 1, 2017
    Turkey’s president threatens more strikes against Kurdish forces; a week after Ankara’s warplanes bombed Kurdish positions in Syria and Iraq, including US-allied fighters.


May 3, 2017 Posted by | GeoPolitics | , , , , | Comments Off on Erdogan Threatens More Strikes on US-Backed Kurdish Forces in Syria