Petrodollar Alert: Putin Prepares To Announce “Holy Grail” Gas Deal With China
This could be a major story and hugely negative for the US dollar. Check out the weekend show tomorrow where we chat with Marin about the energy situation in the EU with the developments in Crimea. While this is only hearsay at the moment if the Petrodollar is taken down things could start changing much more quickly than they are now.
Jim wrote this, this morning:
Yesterday, Thursday the 20th, the Obama Administration stepped up the sanctions
against Russia over Crimea. The sanctions still focus on selected banks and targets
in terms of people.
This is a very dangerous “tit for tat” approach. An eye for an eye only ends up
with a blind world.
The dollar reacted because that market (dollar) knows Russia has a nuclear economic
weapon it can let loose on the West. The US dollar depends on its universal use
in settling energy contracts.
This is known as the Petro Dollar and is the true dollar standard. When Nixon came
off the gold standard for the dollar he adopted the energy standard for the dollar.
Should Russia move away from utilization of the US dollar as the standard, the US
dollar will crash into the .71 to .72 level on the USDX.
Western Sanctions against Russia is a game of “Financial Chicken” that the US dollar
cannot win.
I disagree with how far the dollar will fall, see below.
Visa and other cards also stopped accepting transactions originating in parts of crimea and occupied Ukraine.
Makes sense to me.
Here’s a very fresh perspective on Obamacare and Fascism if you ever need a topic for the weekend show. Affects every single/divorced guy out there.
http://youtu.be/LtR6cikAnwU
If you dont want to pay Obamacare and you’re female, here’s the form.
http://marketplace.cms.gov/getofficialresources/publications-and-articles/hardship-exemption.pdf
No supporting evidence needed for a claim of undefined domestic abuse or violence.
Gazprom going east – it’s a no-brainer. Modern day warfare is fought over currencies, with missiles only called upon as a last resort. Putin absolutely loathes Obama and all things American, and to see the dollar crushed would be his crowning achievement..
Got Gold…..the writing is so on the wall…it is not even funny!! Yeah, yeah and yeah all you want..but you are a complete moron is you dont have insurance..with all due respect to your particular intelligence level…:)
not funny đ
Why can’t Russia use their Rouble or gold for settllement for their natural resources.
And why can’t China use their own currency Yuan to purchase crude oil?
US says NO. Because then foreign countries will no longer need to hold Treasury’s
for settlement.
Hasn’t Russia and China already inked a deal …to trade and accept each others currencies……?
I thought I read that they had………?
Yes Owl, the Chinese have sined 20? deals of that nature. Heard 28 too.
With lot of countries, new Zealand was the last one I heard.
thanks b…………..
To not use the us petro dollar for settlement of crude and natural gas would
Crash the us dollar and the us economy…
that is the objective………..
got gold…………….
What would an intelligent US foreign policy look like?
In my opinion, America would be using its dwindling strength to establish good relations with, and a balance of power between, major Eurasian powers. Long term, the goal should be co-equal status, not dominance much less hegemony. Instead, the US is trying to encircle its creditors with military installations, and creating enemies on all sides. When the inevitable fall comes, it will be much harder than needed and the large majority in the world will think ‘serves them right’.
On the RUSH SHOW…Rush Linbaul ,,,said Russia looking to put bases in CUBA AND VENEZUELA……….
What do you mean “put”? They already docked one warship in Havana. Besides stationary ground-based missiles are obsolete.
If the US can’t find MH370, what is their defense system really like?
Do not worry,,,,,that boat was sent over to pick up Putin’s cigars for his weekend dinner party…………..
Putin estimated net worth……$100billion……….., I think he has a big ego, and a big pocketbook to match………..I think we are in for a long haul……..Dumbo better watch out…………..
Dumbo ,,,should just sneak back into Kenya, while he is still number one………I bet, some people would ever pay for his air fair……….
ever….should be even………….
but YOU are a more-on
That is why you are in Canada….and I am in Florida…..
Cold weather does have a habit of making one ill tempered…..
Count me in on the airfare donation…..as long as it’s one way……what a hoot……
Bought more CEF.A today.
-anyone doesn’t like it .. stuff it
You are a Wise Owl, Irwin.
Irwin, why CEF over, say, SPPP? Just interested.
Meanwhile you can no longer Tweet anonymously in Turkey.
https://www.youtube.com/watch?feature=player_embedded&v=JF__8oF2s-Q
A technical look at the US dollar:
http://www.superforcesignals.com/video/2014mar20usdollar/2014mar20usdollar.html
321gold had cited this. so I bring it here, since there was not access on that site.
A little off topic but interesting..Ron Paul questions the Fed and the Fed admits they have no gold….
http://www.silverdoctors.com/the-federal-reserve-owns-gold-certificates-not-gold/#more-40317
This was from July 2013, so why is it being posted now?
Gold is held by the Treasury at NY banks to influence the price of Gold. NY banks also used to hold gold in London banks for same purpose, but my guess is that London has run dry.
Cfs….it was posted to help answer the question “does the fed have any gold”. That question is continually asked on this forum and this interview certainly addresses the question….
SO, the FED does not have the gold,,Only certificates……..
and the Treasury has the gold stored……where Ft Knox….West Point ?
The Treasury has been unable to ship the gold to Germany .
I mentioned last week…..That MR. House of the Fed Reserve, said in 1964, the gold was ship out of FT.KNOX and there was no GOLD IN FT.KNOX…(this was before , his grand daughter had jumped out of a window three days after she told a reporter,that there was no gold in Ft. Knox)…..(info supplied from Coast to Coast)
THIS JUST KEEP getting better and better……………thanks Gator…..
Notice Ron Paul’s reference to “Currency Stabilization Board” or words to that effect.
There is at a minimum a $200Billion slush fund (probably over $1Trillion) under control of the treasury, off the books, unregulated by congress in the business of manipulating markets and NO ONE is discussing it.
gator…….thanks for the post…………
Gator, I saw that, but I didn’t see a date.
On top of all the other comments, how about these articles? What great foreign policy we have!
U.S. Cancels Summit With Divided Group of Gulf Nations
Obama Plans to Meet With Saudi King in Riyadh Next Week
WASHINGTONâThe White House canceled plans for a summit this month between President Barack Obama and Persian Gulf monarchs in Riyadh because of splits between Washington’s closest allies in the region, according to diplomats briefed on the decision.
The strains that scuttled the meeting with leaders of the Gulf Cooperation Council countriesâSaudi Arabia, the United Arab Emirates, Qatar, Bahrain, Oman, and Kuwaitâunderscored the mounting challenges Washington faces in trying to contain the Middle East’s spiraling political turmoil, these officials said.
Mr. Obama is still scheduled to meet face-to-face with Saudi Arabia’s King Abdullah in Riyadh late next week at the end of a trip largely focused on Europe and the crisis in Ukraine.
The U.S. has worked to unify the GCC on security and economic issues in recent years, in particular on strategies to end Syria’s civil war and to contain Iran’s nuclear program.
But Saudi Arabia, the U.A.E. and Bahrain all withdrew their ambassadors from Qatar this month to protest the Arab country’s regional policies, notably its support for the Muslim Brotherhood, an Islamist organization active in Syria, Libya and Egypt.
The U.S., under the recommendation of many of these countries, concluded that tensions were too high within the GCC to successfully stage the summit now, the officials said.
“We enjoy strong relations with the Gulf countries, and we encourage them to resolve their differences as soon as possible, for the benefit of regional security and cohesion,” said National Security Council spokesperson Bernadette Meehan.
The meeting with the Saudi king is aimed at soothing strained relations between Washington and Riyadh. The Sunni kingdom has been incensed by the U.S. administration’s secret talks with Shiite Iran, its chief regional rival, as well as Mr. Obama’s decision not to follow through on his August threat to use military force against Syrian President Bashar al-Assad, according to Arab officials.
The U.S. has voiced concerns about the policies of Qatar and Kuwait in recent months. The Treasury Department has said in recent weeks that it has tracked large amounts of funding from charities and social-media sites based in these two Gulf countries to Sunni extremist groups fighting the Shiite-dominated government of Iraq and the regime in Syria, a staunch ally of Iran.
This included financing for the Nusra Front, a Syrian rebel group linked to al Qaeda, according to U.S. officials. Qatar also hosts senior members of Hamas, a Palestinian militant group designated as a terrorist organization by the U.S. and European Union.
“Qatar, a longtime U.S. ally, has for many years openly financed Hamas, a group that continues to undermine regional stability,” the U.S. Treasury Department’s top counterterrorism official, David Cohen, said in a speech this month. “Press reports indicate that the Qatari government is also supporting extremist groups operating in Syria. To say the least, this threatens to aggravate an already volatile situation.”
Mr. Cohen charged that Kuwait “has become the epicenter of fundraising for terrorist groups in Syria.” He voiced alarm that a Kuwaiti leader the U.S. suspects has a history of supporting jihadist organizations, Nayef al-Ajmi, has recently been appointed to head the country’s justice ministry.
Qatar and Kuwaiti officials have denied they support terrorist organizations.
Kuwait’s ambassador to Washington, Salem Abdullah al-Jaber al-Sabah, said in an interview on Thursday his country’s legislature had passed a law in January that “provides the tools now to combat terrorism.”
Qatari officials have stressed their cooperation with the U.S. on combating terrorism finance, but stressed that the Muslim Brotherhood is a legitimate social and political organization.
“Qatar has chosen not to remain on the fringe of history, and decided to play a significant role in world affairsâŚ[and] work to halt fierce conflicts and care for refugees,” Qatari Foreign Minister Khalid bin Mohammed al-Attiyah said in a speech in Paris this month.
The U.S. has sold billions of dollars in weapons to GCC countries in recent years. The Pentagon maintains military bases in Qatar, the U.A.E., Bahrain and Kuwait, and runs training programs in Saudi Arabia.
American investments, though, have coincided with widening splits between the GCC states. Qatar has been the main financial backer of the Muslim Brotherhood movement in the region, including the Egyptian government of Mohammed Morsi, which was overthrown in July. Saudi Arabia and the U.A.E. have, subsequently, spent billions of dollars to support Cairo’s new military-backed government.
The GCC is also divided over the U.S. diplomatic outreach to Iran.
Oman’s Sultan Qaboos bin Said al Said played a key mediating role between the U.S. and Iran over the nuclear issue, according to U.S. and Arab officials. But Saudi Arabia, the U.A.E. and Bahrain have all voiced concerns that Washington isn’t pushing Iran hard enough to scale back its nuclear capabilities.
“The U.S. position in the Gulf is now very problematic,” said Emile El Hokayem, a regional expert at the International Institute for Security Studies. “How can it mediate between Qatar, where the U.S. has a military base, and the Saudis?”
Write to Jay Solomon at jay.solomon@wsj.com
March 21, 2014, 06:00 am
Putinâs quiet Latin America play
By Kristina Wong
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Away from the conflict in Ukraine, Russian President Vladimir Putin is quietly seeking a foothold in Latin America, military officials warn.
To the alarm of lawmakers and Pentagon officials, Putin has begun sending navy ships and long-range bombers to the region for the first time in years.
Russiaâs defense minister says the country is planning bases in Cuba, Venezuela, and Nicaragua, and just last week, Putinâs national security team met to discuss increasing military ties in the region.
âTheyâre on the march,â Sen. Joe Donnelly (D-Ind.) said at a Senate hearing earlier this month. âTheyâre working the scenes where we canât work. And theyâre doing a pretty good job.â
Gen. James Kelly, commander of U.S. Southern Command said there has been a ânoticeable uptick in Russian power projection and security force personnelâ in Latin America.
âIt has been over three decades since we last saw this type of high-profile Russian military presence,â Kelly said at the March 13 hearing.
The U.S. military says it has been forced to cut back on its engagement with military and government officials in Latin America due to budget cuts. Kelly said the U.S. military had to cancel more than 200 effective engagement activities and multi-lateral exercises in Latin America last year.
With the American presence waning, officials say rivals such as Russia, China and Iran are quickly filling the void.
Iran has opened up 11 additional embassies and 33 cultural centers in Latin America while supporting the “operational presence” of militant group Lebanese Hezbollah in the region.
âOn the military side, I believe they’re establishing, if you will, lily pads for future use if they needed to use them,â Kelly said.
China is making a play for Latin America a well, and is now the fastest growing investor in the region, according to experts. Although their activity is mostly economic, they are also increasing military activity through educational exchanges.
The Chinese Navy conducted a goodwill visit in Brazil, Chile and Argentina last year and conducted its first-ever naval exercise with the Argentine Navy.
Meanwhile, the U.S. had to cancel the deployment of its hospital ship USNS Comfort last year.
âOur relationships, our leadership, and our influence in the Western Hemisphere are paying the price,â Kelly said.
Some experts warn against being too alarmist, and say Russia, China and Iran do not have the ability or desire to project military power beyond their borders.
Army War College adjunct professor Gabriel Marcella said Russia’s maneuvering is more about posturing than a real threat.
“Latin America is seen as an opportunity to challenge the United States in terms of global presence,” he said. “They want to show the flag to assert their presence and say they need to be counted on the world stage.”
Other experts said the encroachment of rivals has huge economic implications for the U.S., which has more trade partners in Latin America than in any other region in the world.
â[Russiaâs presence] serves to destabilize what has become a more stabilized, middle class continent with an increasing respect for the rule of law. … Any type of unsettling of that environment will scare off investors,â said Jason Marczak, deputy director at the Atlantic Councilâs Adrienne Arsht Latin America Center.
âMarket economies and democracies are fundamental for trade, for jobs, and for stable investment environments,” he said.
Marczak noted the instability in Venezuela, which is facing civil unrest from anti-government protestors.
âIn Venezuela, a lot of the money thatâs been able to prop up President Chavez and now Maduro has been Chinese money,â Kelly said.
So far, 31 protestors have been killed in clashes with government security forces.
âI see a real degradation in what used to pass as Venezuelan democracy. There’s less and less of that now,â Kelly said.
And while Chinese investment in Latin America could have positive aspects for the region, it could also make it more difficult for U.S. official to push labor and environmental safeguards that it argues are building blocks for democracy, Marczak said.
Angel Rabasa, a senior political scientist at RAND, said cuts to the defense budget are going to accelerate a long trend of U.S. neglect and disengagement with Latin America.
According to Sen. Tim Kaine (D-Va.), there are 10 countries in Latin America that currently have no U.S. ambassador because they either havenât been nominated yet or confirmed, a sign that the region is seen as a low priority.
âWe will be losing the ability to influence developments in a region that is very important to us because of proximity,â Rabasa said.
Looks like there is a Lot” MORE- ON” the subject of Great leader than meets the eye.
The US has the worst screw-up President ever; except I think he actually is succeeding in his determination to destroy America.
How could well-intentioned reasonable people elect a marxist Union rabble-rouser to be President? Not once, but twice?
Because this country is not racist.
That is why President Obama was elected twice.
Obama is half-white, half-black. I don’t see what electing an incompetent mulatto has to do with racism.
Korean gold exchange opens on Monday. First kilo bars just arrived.
http://english.hani.co.kr/arti/english_edition/e_business/629279.html
Hong Kong receiving up to 6 tons a day of gold.
LOOK OUT………this is another game changer………….
but, I hope the exchange is not ran by an x goldman bankster
maybe, Al could get a seat on the board………….joke
France has very dangerous exposure to Russian debt, Italy also to some extent:
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/03-overflow/20140319_MAD4.png
You Guys SHOULD LISTEN to at least the first halfhour of Friday’s Glenn Beck radio program. PLEASE.
http://www.glennbeck.com/podcast/
More on the bankster suicides….plus some great GC rants…plus bitcoin…
http://www.silverdoctors.com/gerald-celente-banker-suicides-the-prequel-to-global-collapse/
Sorry, about my post concerning the Glenn Beck show. I was listening live today and the podcast is not what I listened to…..My live show must have taken a different time period.
It was a discussion about Putin’s action. I will find the section I listened to and report that tomorrow.
thanks I was having a hard time getting on………….
http://www.glennbeck.com/podcast/
The important section is on 3/20/14 program starting about 7th vertical stripe in. Discussion is about Russia.
Two books by defectors predicting current events.
And now the Gold inventory at the GLD:
March 21.2014: tonnage 816.97 (an increase of 4.19 tonnes of gold/great news as China still brings in close to 6 tonnes of physical gold into Shanghai each day. The Bank of England must be worried!!)
Just plain doesn’t make sense to me why they would ship all gold to China, especially if they knew its “true” importance and value.
Except, after the 2nd war the americans gave a.
lot of gold to Europe, maybe they do the same thing now with China, or, they have more gold than anyone knows about
No way they that stupid. Maybe all just positioning for a new financial system.
Everything is meant to be as it is all going according to plan:
http://www.birtherreport.com/2013/09/investigative-journalist-obama.html
THanks for providing… MATT……….always good information….appreciate…….JERRY
guess it shows Obama is American anyway.
?
The Cabal operates America for their Masters.
Of course, this stretches way back to Prescott so America is well and truly toast.
They will have no problems destroying whatever to meet their agenda.
The world has had to suffer this consortium of psychopaths.
Now,it is time to fold their economic ruin that is America and start anew.
Might even be a little further back than Prescott……..
Amalgamation of the SS into CIA……
VISA AND MASTER CARD……FREEZE CARDS at Sanctioned RUSSIAN BANKS………sinclairsite………