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Started By
Message
Putin aiming to take out the Petro-dollar
Posted on 4/5/14 at 7:43 am
Posted on 4/5/14 at 7:43 am
quote:
US Threatens Russia Over Petrodollar-Busting Deal
LINK
quote:
When the USGovt imposed sanctions against Iran in 2012, the chest beating was in full view.
quote:
The triangle or Iran, Turkey, and India defeated the USGovt sanctions with clever gold trade settlement schemes, using intermediaries, avoiding legal obstacles, and accomplishing the task to make payments for Iranian oil & gas shipments.
quote:
The new Shanghai Free Trade Zone is fast forming. It will feature fully convertible Chinese Yuan by June, not in two years. It will happen this summer. The component of Shanghai Yuan price for crude oil and gold together will be highly disruptive to the entire Petro-Dollar system.
quote:
Russia is the true powerhouse in the crude oil sector. Kremlin will announce that oil & gas payments by European clients must be in Rubles, Yuan, or Gold bullion. The surprise will be inclusion of Yuan for potential payments to Russia, which will demonstrate an alliance with China.
quote:
They will hasten a change from any present system that requires them to pay for Saudi oil, or Iranian oil, or Indonesian oil, or Nigerian oil, the change to feature payment in USDollar terms. They have sufficient market power to dictate terms, and they will do exactly that.
quote:
The Saudis are in a huge bind. They lost their USGovt protector for the last 50 years. The Arab Spring charade and smokescreen effectively ripped the cord between the WashingtonDC and Riyadh. The Chinese not only fit the bill, but the Saudis have already answered the call. The economic summit in late March in Beijing, led by President Xi Jinping and Prince Salman, provided all the necessary groundwork. The Saudis have a Chinese missile deal in the works, sort of a consummated marriage.
quote:
The grand prize has always been Europe. With NATO, the United States captured it. But with bond fraud, failed banks, monetary inflation, toxic patches, austerity plans, bank bail-in threats, agency eavesdropping, and narcotics trafficking, the Anglo-Americans have wrecked their alliance with Western Europe.
quote:
The death of the Petro-Dollar was written when the USFed announced Quantitative Easing and the uncontrolled spew of bond purchases.
LINK
Thoughts?
This post was edited on 4/7/14 at 7:19 am
13
Posted on 4/5/14 at 8:10 am to BeaverPRO
I wish I knew what any of that shite meant.
Posted on 4/5/14 at 8:40 am to TheBob
So this is good?........wait
Huh?
Huh?
Posted on 4/5/14 at 8:42 am to Purple Spoon
quote:
So this is good?
no
Posted on 4/5/14 at 8:47 am to TheBob
quote:
I wish I knew what any of that shite meant.
Means war.
Posted on 4/5/14 at 8:53 am to BeaverPRO
All that comes to my mind is that this was an inevitable conclusion once we started refusing to use our own oil and went almost exclusively to imports.
This post was edited on 4/5/14 at 8:56 am
Posted on 4/5/14 at 8:54 am to BeaverPRO
Sounds like some folks are finally tired of us trying to run the world. The end of the petro dollar will hopefully be the wake up call we need.
Posted on 4/5/14 at 8:55 am to Jarlaxle
Many of us have known for a long time that the days of the dollar being the worldwide standard currency were coming to an end. This is going to have a huge impact on America.
Soon, that little printing press that we use to print up paper money is going to be virtually useless. Which makes Obama's comments about any serious budget plan being a " stinkburgrr" or "meanwich" much more than just short-sighted or stupid. For a president to ignore the coming currency collapse for the US Dollar, it's reached the point where that attitude is practically treasonous.
For those of you who can't see this, trust. Your ignorance will not be blissful.
Soon, that little printing press that we use to print up paper money is going to be virtually useless. Which makes Obama's comments about any serious budget plan being a " stinkburgrr" or "meanwich" much more than just short-sighted or stupid. For a president to ignore the coming currency collapse for the US Dollar, it's reached the point where that attitude is practically treasonous.
For those of you who can't see this, trust. Your ignorance will not be blissful.
Posted on 4/5/14 at 8:56 am to Aubie Spr96
quote:
The end of the petro dollar will hopefully be the wake up call we need.
Most people will probably never know.
Posted on 4/5/14 at 9:00 am to BeaverPRO
Given that the source is some outfit trying to sell gold, I'm skeptical.
Posted on 4/5/14 at 9:02 am to BeaverPRO
Before US shale oil this would have been a huge blow. Now, not so much. As a matter of fact, this would help keep the USD from skyrocketing when the US becomes a net energy exporter in 5-10 yrs.
Posted on 4/5/14 at 9:08 am to BeaverPRO
There are many countries that wish to bring to its knees the US dollar as the international fiat financial trading currency, and they are trying to do so in growing numbers, and more nations are jumping on the band wagon over time. China and Russia are the biggest players.
Posted on 4/5/14 at 9:17 am to CITWTT
I asked Thomas Honig, the president of the KC Reserve, about this at a conference several years ago, when China and Russia were speaking about this, and he blew me off. He rattled of some bs, and nobody at the luncheon seemed to give my reservations any thought.
Well, this has been coming for awhile, and I promise every poster on this board that we will go to war and shite will get very ugly before we allow our dollar to collapse.
Well, this has been coming for awhile, and I promise every poster on this board that we will go to war and shite will get very ugly before we allow our dollar to collapse.
Posted on 4/5/14 at 9:19 am to BeaverPRO
It's obviously in the works and imminent, B; the only question is to what degree it will negatively affect the US. IMO...it's Europe that is in a real bind.
Obama/Progs/Greens policy will be necessarily dumped, and we'll use our energy resources instead of paying out the wazoo for the new Cartel prices. I suspect manufacturing will make a comeback here too.
Of course, the transition to being a less-powerful World player will be problematic. Hell...the heathen will burn a city over a ball game when their bellies are full....sooo.
I think what will really be interesting is how the Islamist movement stacks up against the new Ideological/Economic hegemony. Russia, China and Saudi Arabia, et al...
...I can't imagine what manner of child that union will birth. Or how long the marriage will hold.
Obama/Progs/Greens policy will be necessarily dumped, and we'll use our energy resources instead of paying out the wazoo for the new Cartel prices. I suspect manufacturing will make a comeback here too.
Of course, the transition to being a less-powerful World player will be problematic. Hell...the heathen will burn a city over a ball game when their bellies are full....sooo.
I think what will really be interesting is how the Islamist movement stacks up against the new Ideological/Economic hegemony. Russia, China and Saudi Arabia, et al...
...I can't imagine what manner of child that union will birth. Or how long the marriage will hold. Posted on 4/5/14 at 10:12 am to RCDfan1950
quote:
It's obviously in the works and imminent, B; the only question is to what degree it will negatively affect the US. IMO...it's Europe that is in a real bind.
Obama/Progs/Greens policy will be necessarily dumped, and we'll use our energy resources instead of paying out the wazoo for the new Cartel prices. I suspect manufacturing will make a comeback here too.
This is not about energy.
It's about our currency.
You see, the only reason the dollar is valuable is because of circulation and faith. With faith in our nation dwindling, and us becoming more and more of a service sector economy, the only thing keeping the dollar afloat is circulation.
Did you know that you can only purchase oil in dollars? Ever wonder why? And, since it is such a big deal to purchase oil in only dollars, what will happen when people attack the control?
This will be a big deal to our way of life when this happens. It may not go into effect this time around, but soon it will happen. Russia and China have been trying this for nearly a decade.
Posted on 4/5/14 at 10:36 am to CherryGarciaMan
quote:
This is not about energy. It's about our currency. You see, the only reason the dollar is valuable is because of circulation and faith. With faith in our nation dwindling, and us becoming more and more of a service sector economy, the only thing keeping the dollar afloat is circulation. Did you know that you can only purchase oil in dollars? Ever wonder why? And, since it is such a big deal to purchase oil in only dollars, what will happen when people attack the control? This will be a big deal to our way of life when this happens. It may not go into effect this time around, but soon it will happen. Russia and China have been trying this for nearly a decade.
I don't disagree with your assessments, Cherry; but it is not only about the Dollar. "PETRO-dollar".
It is more about Energy than the Dollar. The Dollar is a mechanism re the barter of goods and services; Energy is the EXISTENTIAL BASIS for the production of said BAISIC goods and services.
The best thing a responsible Government can do here, is to ramp up our Energy production infrastructure. For the cause of cheap energy here (which will be necessary for a vibrant economy that can temporarily support rampant need in the event of the Dollar collapse)...and also as a DEPENDABLE source of export.
The Middle East is likely to flame out, with the Islamist/Israel card in play. Russia...hell, they are Third World technology with a First World Military; nuclear bombs they can't use, in effect.
They had best get that Pipeline done, and start building refineries. Unless there is high-tech on the board for the NEAR FUTURE that makes such investment unnecessary.
We are going to cut it close. Our "way of life" will be affected. But with unifying (not DIVISIVE) vision/leadership...we can make it over the hump and remain standing when a lot of the rest of the World is in flames.
Of course...I'm biased. The help of the Good Lord is key, IMHO.
Posted on 4/5/14 at 10:38 am to GumboPot
quote:
Means war.
this.
Posted on 4/5/14 at 11:59 am to BeaverPRO
Seriously from an individualistic perspective if the American citizen is productive, makes stuff/provide a service, times may become more difficult as the world weans itself off the petro-dollar but the productive will be okay. History is evidence of this. It's the nonproductive that will suffer the most. People that do not produce, politicians and other people that live off of government.
Posted on 4/5/14 at 1:00 pm to Aubie Spr96
quote:
The end of the petro dollar will hopefully be the wake up call we need.
It could be the end of the USdollar's value. If oil starts to be traded for other currency, it would have huge impacts on inflation and our economy, especially when you factor in the debt we already have.
We've left ourselves vulnerable to a major hit, by not being productive ourselves, not drilling our own oil, importing, and outsourcing so much.
This post was edited on 4/5/14 at 1:03 pm
Posted on 4/5/14 at 3:23 pm to EvrybodysAllAmerican
Chickens coming home to roost.
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