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Old 09-06-2017, 09:53 PM   Topic Starter
Taco John Taco John is offline
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New World Order: Death of the Petro Dollar

The jig is up.

Russia and China have revealed their hand, and it looks a lot like the death of the US Dollar... If you want to understand modern geopolitics, you need to understand this breaking development and what it means for global order.

The real BRICS bombshell

Putin reveals 'fair multipolar world' concept in which oil contracts could bypass the US dollar and be traded with oil, yuan and gold


By PEPE ESCOBAR SEPTEMBER 5, 2017

The annual BRICS summit in Xiamen – where President Xi Jinping was once mayor – could not intervene in a more incandescent geopolitical context.

Once again, it’s essential to keep in mind that the current core of BRICS is “RC”; the Russia-China strategic partnership. So in the Korean peninsula chessboard, RC context – with both nations sharing borders with the DPRK – is primordial.

Beijing has imposed a definitive veto on war – of which the Pentagon is very much aware.

Pyongyang’s sixth nuclear test, although planned way in advance, happened only three days after two nuclear-capable US B-1B strategic bombers conducted their own “test” alongside four F-35Bs and a few Japanese F-15s.

Everyone familiar with the Korean peninsula chessboard knew there would be a DPRK response to these barely disguised “decapitation” tests.

So it’s back to the only sound proposition on the table: the RC “double freeze”. Freeze on US/Japan/South Korea military drills; freeze on North Korea’s nuclear program; diplomacy takes over.

The White House, instead, has evoked ominous “nuclear capabilities” as a conflict resolution mechanism....


...Meet the oil/yuan/gold triad


It’s when President Putin starts talking that the BRICS reveal their true bombshell. Geopolitically and geo-economically, Putin’s emphasis is on a “fair multipolar world”, and “against protectionism and new barriers in global trade.” The message is straight to the point.

The Syria game-changer – where Beijing silently but firmly supported Moscow – had to be evoked; “It was largely thanks to the efforts of Russia and other concerned countries that conditions have been created to improve the situation in Syria.”

On the Korean peninsula, it’s clear how RC think in unison; “The situation is balancing on the brink of a large-scale conflict.”

Putin’s judgment is as scathing as the – RC-proposed – possible solution is sound; “Putting pressure on Pyongyang to stop its nuclear missile program is misguided and futile. The region’s problems should only be settled through a direct dialogue of all the parties concerned without any preconditions.”

Putin’s – and Xi’s – concept of multilateral order is clearly visible in the wide-ranging Xiamen Declaration, which proposes an “Afghan-led and Afghan-owned” peace and national reconciliation process, “including the Moscow Format of consultations” and the “Heart of Asia-Istanbul process”.

That’s code for an all-Asian (and not Western) Afghan solution brokered by the Shanghai Cooperation Organization (SCO), led by RC, and of which Afghanistan is an observer and future full member.

And then, Putin delivers the clincher; “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies.”

“To overcome the excessive domination of the limited number of reserve currencies” is the politest way of stating what the BRICS have been discussing for years now; how to bypass the US dollar, as well as the petrodollar.

Beijing is ready to step up the game. Soon China will launch a crude oil futures contract priced in yuan and convertible into gold.


This means that Russia – as well as Iran, the other key node of Eurasia integration – may bypass US sanctions by trading energy in their own currencies, or in yuan. Inbuilt in the move is a true Chinese win-win; the yuan will be fully convertible into gold on both the Shanghai and Hong Kong exchanges.

The new triad of oil, yuan and gold is actually a win-win-win. No problem at all if energy providers prefer to be paid in physical gold instead of yuan. The key message is the US dollar being bypassed.

RC – via the Russian Central Bank and the People’s Bank of China – have been developing ruble-yuan swaps for quite a while now.

Once that moves beyond the BRICS to aspiring “BRICS Plus” members and then all across the Global South, Washington’s reaction is bound to be nuclear (hopefully, not literally).

Washington’s strategic doctrine rules RC should not be allowed by any means to be preponderant along the Eurasian landmass. Yet what the BRICS have in store geo-economically does not concern only Eurasia – but the whole Global South.

Sections of the War Party in Washington bent on instrumentalizing India against China – or against RC – may be in for a rude awakening. As much as the BRICS may be currently facing varied waves of economic turmoil, the daring long-term road map, way beyond the Xiamen Declaration, is very much in place.

http://www.atimes.com/article/real-brics-bombshell/
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Old 09-06-2017, 10:19 PM   #2
cosmo20002 cosmo20002 is offline
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Trump gets bent over again.
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Old 09-06-2017, 10:26 PM   #3
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Originally Posted by cosmo20002 View Post
Trump gets bent over again.


Simple trolls are going to simply troll.
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Old 09-06-2017, 10:26 PM   #4
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Trump gets bent over again.
So you remember back to you conception, huh? Impressive!
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Old 09-06-2017, 10:27 PM   #5
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So, you remember back to you conception huh? Impressive!

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Old 09-06-2017, 10:29 PM   #6
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I'll be there.. So?
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Old 09-06-2017, 10:48 PM   #7
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Originally Posted by GloryDayz View Post
So you remember back to you conception, huh? Impressive!
So Trump is a woman who gave birth to me? Ok
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Old 09-07-2017, 02:33 AM   #8
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To put this news into perspective:

In 1973 Nixon cut the last tie between the dollar and gold by ending the Bretton Woods System. His stated goal "to create a new prosperity without war."
Nixon:
Prosperity without war requires action on three fronts: We must create more and better jobs; we must stop the rise in the cost of living; we must protect the dollar from the attacks of international money speculators.
Sound familiar?

Here is what he did:
I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States.

Now, what is this action--which is very technical--what does it mean for you?

Let me lay to rest the bugaboo of what is called devaluation.

If you want to buy a foreign car or take a trip abroad, market conditions may cause your dollar to buy slightly less. But if you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today.

The effect of this action, in other words, will be to stabilize the dollar.

Now, this action will not win us any friends among the international money traders. But our primary concern is with the American workers, and with fair competition around the world.
A recession predictably followed, as was planned, as the dollar plummeted and inflation took root. (You might disagree with my assessment that it was planned this way - I think the results prove that it was - but the fact remains that a recession followed.) Meanwhile, a deal was put together with Saudi Arabia to standardize the sales of their oil on the US Dollar. We tied ourselves to Saudi Arabia at the throat with that move. Every country in the world that bought oil from Saudi Arabia was invoiced in US dollars. This is how we became the world currency. It's also why we are at war in the Middle East - to protect the hegemony of the US dollar.

Fast forward to today.



The above graph represents the war we are in the process of losing and the true reason for all the Russia hysteria. The elites need the Blue pipeline to keep the dollar alive. The Russians (and the Chinese for that matter) would like to see the Red line win.

Keeping that in mind, Syria has just about been completely liberated from ISIS. Which means that any day now we should expect to see some sort of last ditch False Flag attack that accuses Assad of chemical weapons, but I digress. It's hard to imagine a scenario where the US regains its ability to control ground in Syria. McCain's plan (ISIS) failed. He imagined that these barbarians would rally Americans to sending troops, when Americans were satisfied with drones. fly-overs, and clandestine stuff that we like to watch movies about. Again, I digress...

The real news here is that the BRICS countries (Brazil, Russia, India, China, South Africa) are rolling out their plan, which is an international bank where world currencies can be exchanged for yuan and gold. Most Americans don't know anything about the BRICS alliance, but it is essentially an economic NATO pointed at the head of the American dollar that came into being a decade ago. The solution that they came up with is, quite frankly, brilliant.

For the last decade, China has been sucking up the world's physical gold supply in order to execute their plan to replace the petrodollar with the Yuan. Their answer for this: link the yuan to gold and allow exporters to have their choice between the two.

Nixon Shock gave us an indication of what this will do to the dollar. In order to remain competitive, will we need to do the same thing? Return to a gold/physical convertible standard? Or do something different? Maybe something with CryptoCurrency? Rumor has it that Russia is going to be rolling out their own national BlockChain, which most Americans don't know anything about, but is already changing the world.

Bottom line, it's a new day. If I were Trump, I'd think about auditing Ft. Knox and issuing a gold backed crypto currency. That would be revolutionary in many ways.

Last edited by Taco John; 09-07-2017 at 03:36 AM..
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Old 09-07-2017, 05:44 AM   #9
GloryDayz GloryDayz is offline
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So Trump is a woman who gave birth to me? Ok
Well you are a piece of shit, and I'm pretty sure he gives birth to turds all the time.
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Old 09-06-2017, 10:28 PM   #10
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Quote:
Originally Posted by cosmo20002 View Post
Trump gets bent over again.
Sorry, wrong again. Happened under Obummer:


the BRICS have been discussing for years now; how to bypass the US dollar, as well as the petrodollar.
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