The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label petro dollar. Show all posts
Showing posts with label petro dollar. Show all posts

Wednesday, March 9, 2016

Saudi Arabia’s gambit to force down oil prices may lead to Russia becoming the new head of global cartel

Since the early 1970’s, the U.S. has relied upon Saudi Arabia’s place at the head of the global oil market to protect the dollar and its position as the global reserve currency.  But what would happen to the dollar, and America’s future if a different nation wrested control from the House of Saud?
That question may actually be coming upon us very soon as a paradigm shift is quickly taking place in the aftermath of Saudi Arabia’s gambit to force out other oil producers by driving down the price of oil.  And in Washington’s biggest fear realized, the country that may soon seize control over the global oil cartel is none other than Russia.

Read more on this article here...

Saturday, January 23, 2016

In all the fear over lower oil prices, few are talking about its impact on the dollar

When the U.S. signed its 1973 agreement with the House of Saud to peg oil to the dollar, few tended to realize that the opposite would be true, and that the dollar itself is intrinsically tied to oil and the price of this commodity.  It is one of the reasons why Kissinger had the Saudi’s (and OPEC) increase the price three fold so that this inflation would allow the U.S. to then increase the nation’s money supply by having the House of Saud put all of their reserves in U.S. debt instruments (Treasuries).
But as the use of debt and credit began to expand, and eventually reach exponential growth due to central banks choosing the Keynesian road over sound monetary policies, it put the dollar on a fragile precipice that then relied upon oil and other asset prices to remain high to keep the spigot going enough to be able to both roll over the growing debt, and to ensure confidence that in desired times they could increase that debt with little opposition.
However, following the Credit Crisis of 2008 confidence in the dollar began to crack, and eventually lead to an ever growing rejection of the reserve currency by nations who have been forced to devalue their own currencies to remain sustainable.  And this worldwide increase in debt has not only brought about a global point of diminishing returns (see the need for negative interest rates by some), but it has also killed real economies who’s consumers can no longer spend at the rates they were over the past two decades.
petrodollar1
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Tuesday, December 29, 2015

End of Petrodollar? First Middle Eastern oil power to open Chinese currency hub

Since 1973, the dollar has held sway over the global financial system through its connections to oil, and with the Middle Eastern producers who sell it in American currency.  But as dollar hegemony has waned over the past decade, and as the U.S. has gone to war against any nation (Iraq, Iran, Libya) who has tried to sell their oil in currencies other than the dollar, members of OPEC have been seeking ways to move away from the petro-dollar and into alliances with other powers that could protect their sovereignty.
And now they may finally have it.
On Dec. 27, the United Arab Emirates (UAE) signed an agreement with China to become an RMB hub and clearing house for the expanding Chinese currency.  And with one of the richest OPEC states opening the door for the Yuan, it will not be long before others like Saudi Arabia join on board which will then initiate the use of the Yuan in global oil purchases.

Read more on this article here...

Saturday, December 12, 2015

As China goes after SWIFT and London Gold Fix markets, Russia prepares to go after Brent and WTI

There is an old axiom that goes, if you can’t beat em, join em.  And for Eastern powers such as China and Russia, they are taking this adage one step further by implementing a policy of, if you don’t want to join em, create duplicate market mechanisms and replace em.
Over the course of 2015 China has done just this with their new economic policies of bringing online a new SWIFT type system (CIPS), joining the board of the London Gold Fix, and even having the IMF adopt them into their SDR basket of currencies.  But even as dollar hegemony and the petro-dollar start to decline from years of misuse by Washington, the one foundation that keeps their empirical status functioning is the control over oil.
But that may soon be changing as on Dec. 10, Russia announced they are building a new oil market platform meant to compete directly with BRENT and WTI markets, and which would allow them to sell their own oil in currencies other than the dollar.

Read more on this article here...

Saturday, December 5, 2015

With new Chinese (Swift) system, yuan use in Japan has doubled in the last year

It is one thing when China’s new internationalization becomes a part of the emerging market economies, but it is something very different when it begins to make headway into long-standing dollar strongholds such as Europe and Japan.  And with China’s new found recognition as a global reserve currency in the IMF’s SDR basket, and the creation just a few months ago of an alternative SWIFT (CIPS) system, that is exactly what is now happening as Yuan use in trade with Japan has doubled in just the past year alone.
Japan has been entrenched with the dollar ever since the end of World War II, as has most of the world because of Bretton Woods, and the polar reserve currency system.  But as China took over the reins as the number one producer in the entire global economy, the desire to end use of the dollar as a middleman has led more and more nations to seek the ability to have direct bi-lateral trade with the Yuan currency, and 2015 has been the year of this breakthrough.

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Wednesday, November 25, 2015

Got Karatbars? Jim Willie forecasts when oil falls below $30, gold will start its move skyward

2015 has been the year of the failed forecasts when it comes to gold prices and other commodities.  This is in part due to the global slowdown in economic activity that has seen deflation rear its head in places stretching from the U.S. all the way to China.

But the key thing that most economists miss is that at the foundation of the global monetary system, it is not the dollar, nor the euro, nor even the Yuan that controls economic direction, but oil and oil prices.

And as we have seen over nearly the entire second half of 2015, oil prices have fallen to the point where they threaten to go well below $40 per barrel, and this is despite nation states rushing to war in the Middle East to fight against ISIS.  But according to a new forecast by Dr. Jim Willie of the Hat Trick Newsletter, when oil prices fall below $30 per barrel, it will trigger a black swan throughout the globe and cause gold to begin rising in price at a tremendous rate.
Jim Willie:  The emerging market nations are caught in a squeeze.  They're typically commodity sellers.  They sell metals, they sell oil, they sell gas... they sell alot of different commodities, and all the commodity prices are down.  If you take a look at the last 18 months, it's a 40% decline in income to the emerging market nations, who's economies are all upset down, screwed up, and they can't pay on their debt. 
Now they're seeing the dollar go up, their own currency go down... 25% for arguments sake.  So, an emerging market nation has 25% less income, a recession that's fierce, and suddenly their debt load just went up 20 to 25, and maybe 30%. 
It's called debt default.  Income down, debts up and they are delaying on their default announcements because the Western banks are giving them extensions, but it's going to end real soon. 
That's the emerging market problems that are going to hit the Western banks the same time their oil hedges and oil portfolio's cause them losses.  The result will be that the Fed will be in a nightmare scenario, when at the same time lots of country's are dumping their treasuries... so the Fed is going to have a triple whammy. 
Wall Street energy losses, Wall Street emerging market losses and global central banks dumping their treasuries... this is I think QE will fail, and the dollar will have to be gotten rid of as a global reserve currency. 
All these problems, and the oil price is going to be the critical pinprick.  And as the oil price goes further down, it might even trigger some of the defaults.  My source just sent a message yesterday, saying we're going to see sub-$30 oil price.  It's going to cause enormous problems, and in this sequence, it will bring about conditions for installing the gold standard, and seeing the price zoom. - TF Metals Report Interview, Nov. 25


Within two weeks, the Federal Reserve is going to have to make one of its most important decisions in its history, and in either situation (Raising rates or keeping them at zero), the consequences will be dire for those who own stocks, bonds, and other paper assets in their portfolios.  But as Dr. Willie notated, it is not interest rates that will bring about the next collapse, but rejection of the dollar and deflation in the oil spectrum.

Emerging market nations are already preparing for a change in the petro-dollar system, and are doing so by buying and accumulating gold at a record pace.  In fact, China just bought even more gold last month to go along with their estimated 20,000 tons purchased over the past few years.

So if much of the world is rushing headlong towards a return to the gold standard, and the mountain of global debt is finally reached the point of collapse, how can you prepare yourselves, your family, and your wealth to not only survive the coming changes, but to be prepared to come out ahead?

The answer lies in a company called Karatbars.




Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Tuesday, September 23, 2014

China docks war ship in Iran as Petro-Yuan goes head to head with Petro-Dollar

The proxy war for control over the global reserve currency heated up another notch on Sept. 21 as China sailed a destroyer through the Straits of Hormuz and docked in an Iranian port just miles away from an American fleet docked in the UAE.  The meaning behind this move is not mysterious as China is quickly drawing the line that U.S. sanctions on one of their oil partners will no longer be tolerated, and that the proxy war between the Petro-Dollar and the up and coming Petro-Yuan is coming closer to home.



Read more on this article here...

Monday, March 24, 2014

Russian economist says that Yuan will become next reserve currency

As the United States becomes more isolated with the international community over Ukraine, one partnership is strengthening even more.  Last week, a Chinese spokesperson declared support for the Russian annexation of Crimea, and recognized the sovereignty of this new nation.  In response, Russian economist Yevgeny Gavrilenkov declared at the 15th governmental Chinese economic development forum that the Chinese Yuan will become the next global reserve currency after the fall and collapse of the U.S. dollar.




Read more on this article here...

Russia close to signing new energy agreement that would end the Petro-Dollar

If the United States wanted to alienate Russia through its use of economic sanctions, then the former Cold War adversary has an answer for this, and one that would instantly turn the tide against the American empire.  In an announcement today from Tokyo, Russian spokesman Igor Sechin told reporters that his nation is in the final stages of a new natural gas agreement with China that would  be close to equal the amount of trade the Eurasian country currently does with the West, and create the scenario where nations would no longer have to go through the Petro-Dollar to buy and sell oil, goods, or other commodities, and in effect, create a backlash where it is the U.S. that is the one isolated.




Read more on this article here...

Thursday, December 12, 2013

Dr Doom Ed Dames: In 2014, U.S. will lose the petro dollar and go into recession

On Dec. 9, Major Ed Dames, former military intelligence officer and pre-eminent expert in the field of Remote Viewing, was a guest on the Coast to Coast AM radio show to talk about what he sees for America and the rest of the world in 2014.  During the program, Dr. Doom, as Dames is often referred to, stated that 2014 will give the West a confluence of several serious events, leading up to a massive economic recession, and the end of the U.S. dominated petro-dollar.



Read more on this article here...

Monday, October 1, 2012

The American system of the petro dollar is ripe for collapse

A few weeks ago, the Daily Economist wrote a piece on another website of the game changing revelation in China where they will now be bypassing the dollar in oil transactions, and allowing all countries around the world to buy and sell oil in a currency other than the dollar.  This sea change is an attack on US hegemoney over the reserve currency, and the currency known as oil, and would be the primary catalyst in destroying the economy without firing a shot.

Dollar no longer primary oil currency as China begins to sell oil using Yuan

http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan

In fact, world renowned commodities trade Jim Sinclair expanded upon this move, and said that the ultimate goal was a bypassing of the SWIFT system, which is used globally for all transactions between currencies.



What this article really said, if you have the eyes to see it, is that China has a system in place to offset the effect of being shut out of the SWIFT system, the economic nuclear weapon of the West. That proves that the premature threat and use of the SWIFT system against Iran will have rendered this economic weapon useless in the future. The mistake the West made prematurely using the economic weapon, the SWIFT system, will come back to haunt the West as extremely expensive. Had this not been used prematurely, it could have shut down major nation’s economic processes by electronically deleting the enemy from the SWIFT system. Therefore the taking and making of settlement on international transaction would have fallen back on only the gold a nation had. Everyone had gotten lazy so both enemies and friends were settling international transactions on SWIFT. History will see this as the mistake of the century. Now all opposed to each other have or are developing their own electronic payment system free of SWIFT. - Jim Sinclair

Now, the Republic of Texas TV has created a video explaining the history of the petro dollar, and what it would mean to all Americans if the global economy suddenly rejected the dollar as the reserve currency.



China, along with Russia has already made the first moves, and pandoras box has been opened.  What we choose to do to hedge the coming changes is all about the understanding of sound money and assets, and what both gold and silver (physical) mean about wealth protection.

Tuesday, February 28, 2012

Iran begins taking payments for oil in physical gold

It's now official.  Iran is accepting gold as payment for oil sales instead of US dollars.  The gauntlet has now been thrown in the face of both Europe and the US, who have little choice but to prepare for war since their currencies and economies are declining fast.

Gradually it appears this is increasingly the case following a just released Reuters report that "Iran will take payment from its trading partners in gold instead of dollars, the Iranian state news agency IRNA quoted the central bank governor as saying on Tuesday." - Zerohedge

In 2003, Iraq made this same play where they stopped accepting dollars for oil sales, and it lead to the provarication by the West that they had WMD's.  Similar to Iran's nuclear program, which Israel has said does NOT contain nuclear weapons at this time, the act of removing sales from the petro-dollar will bring much more angst to the US than Iran becoming a nuclar country.

Americans can now be prepared for lies and excuses by Washington to go to war, as we are now already at war with Iran, but economically, nor militarily.

Friday, February 10, 2012

Iran looks to overcome sanctions through international barter

As the US and European nations seek to force Iran to the negotiating table over their nuclear program through economic sanctions, the Middle Eastern nation appears to have created a contingency plan in dealing with this.

The barter system... which has been in the works for months between Iran, China, and India.

Yet going back to the Reuters story, it would be quite dramatic, if only it was not the case that Iran has been laying the groundwork for a barter economy for many months now, something which various other analysts perceive as the basis for the destruction of the petrodollar system. Perhaps regular readers will recall that back in July, we wrote an article titled "China And Iran To Bypass Dollar, Plan Oil Barter System." Specifically, we wrote that "according to the FT, China has decided to commence a barter system in which Iranian oil is exchanged directly for Chinese exports. The net result: not only a slap for the US Dollar, but implicitly for all fiat intermediaries, as Iran and China are about to prove that when it comes to exchanging hard resources for critical Chinese goods and services, the world's so called reserve currency is completely irrelevant." Seen in this light the fact that Iran is actually proceeding with a barter system, something that had been in the works for quite a while, actually puts the Reuters story in a totally different light: instead of one predicting the imminent demise of the Iranian economy, the conclusion is inverted, and underscores the culmination of what may have been an extended barter preparation period, has finally gone from beta to (pardon the pun) gold, and Iran is now successfully engaging in global trade without the use of the historical reserve currency. - Zerohedge

While the US continues to putt around playing checkers in foreign policy, China, India, and the land that actually invented the game (Persia/Iran) play chess.  Economic sanctions may actually be more the detriment to the US as it could quickly force the hand of Iran and China to bypass the dollar and petro-dollar, and open up oil sales in a much different currency.