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Petrodollar Alert: Putin Prepares To Announce "Holy Grail" Gas Deal With China
If it was the intent of the West to bring Russia and China together - one a natural resource (if "somewhat" corrupt) superpower and the other a fixed capital / labor output (if "somewhat" capital misallocating and credit bubbleicious) powerhouse - in the process marginalizing the dollar and encouraging Ruble and Renminbi bilateral trade, then things are surely "going according to plan."
For now there have been no major developments as a result of the shift in the geopolitical axis that has seen global US influence, away from the Group of 7 (most insolvent nations) of course, decline precipitously in the aftermath of the bungled Syrian intervention attempt and the bloodless Russian annexation of Crimea, but that will soon change. Because while the west is focused on day to day developments in Ukraine, and how to halt Russian expansion through appeasement (hardly a winning tactic as events in the 1930s demonstrated), Russia is once again thinking 3 steps ahead... and quite a few steps east.
While Europe is furiously scrambling to find alternative sources of energy should Gazprom pull the plug on natgas exports to Germany and Europe (the imminent surge in Ukraine gas prices by 40% is probably the best indication of what the outcome would be), Russia is preparing the announcement of the "Holy Grail" energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis. One which, as some especially on these pages, have suggested would lay the groundwork for a new joint, commodity-backed reserve currency that bypasses the dollar, something which Russia implied moments ago when its finance minister Siluanov said that Russia may refrain from foreign borrowing this year. Translated: bypass western purchases of Russian debt, funded by Chinese purchases of US Treasurys, and go straight to the source.
Here is what will likely happen next, as explained by Reuters:
Igor Sechin gathered media in Tokyo the next day to warn Western governments that more sanctions over Moscow's seizure of the Black Sea peninsula from Ukraine would be counter-productive.
The underlying message from the head of Russia's biggest oil company, Rosneft, was clear: If Europe and the United States isolate Russia, Moscow will look East for new business, energy deals, military contracts and political alliances.
The Holy Grail for Moscow is a natural gas supply deal with China that is apparently now close after years of negotiations. If it can be signed when Putin visits China in May, he will be able to hold it up to show that global power has shifted eastwards and he does not need the West.
More details on the revelation of said "Holy Grail":
State-owned Russian gas firm Gazprom hopes to pump 38 billion cubic meters (bcm) of natural gas per year to China from 2018 via the first pipeline between the world's largest producer of conventional gas to the largest consumer.
"May is in our plans," a Gazprom spokesman said, when asked about the timing of an agreement. A company source said: "It would be logical to expect the deal during Putin's visit to China."
Summarizing what should be and is painfully obvious to all, but apparently to the White House, which keeps prodding at Russia, is the following:
"The worse Russia's relations are with the West, the closer Russia will want to be to China. If China supports you, no one can say you're isolated," said Vasily Kashin, a China expert at the Analysis of Strategies and Technologies (CAST) think thank.
Bingo. And now add bilateral trade denominated in either Rubles or Renminbi (or gold), add Iran, Iraq, India, and soon the Saudis (China's largest foreign source of crude, whose crown prince also happened to meet president Xi Jinping last week to expand trade further) and wave goodbye to the petrodollar.
As reported previoisly, China has already implicitly backed Putin without risking it relations with the West. "Last Saturday China abstained in a U.N. Security Council vote on a draft resolution declaring invalid the referendum in which Crimea went on to back union with Russia. Although China is nervous about referendums in restive regions of other countries which might serve as a precedent for Tibet and Taiwan, it has refused to criticize Moscow. The support of Beijing is vital for Putin. Not only is China a fellow permanent member of the U.N. Security Council with whom Russia thinks alike, it is also the world's second biggest economy and it opposes the spread of Western-style democracy."
This culminated yesterday, when as we reported last night, Putin thanked China for its "understanding over Ukraine." China hasn't exactly kept its feelings about closer relations with Russia under wraps either:
Chinese President Xi Jinping showed how much he values ties with Moscow, and Putin in particular, by making Russia his first foreign visit as China's leader last year and attending the opening of the Winter Olympics in Sochi last month.
Many Western leaders did not go to the Games after criticism of Russia's record on human rights. By contrast, when Putin and Xi discussed Ukraine by telephone on March 4, the Kremlin said their positions were "close".
The punchline: "A strong alliance would suit both countries as a counterbalance to the United States." An alliance that would merely be an extension of current trends in close bilateral relations, including not only infrastructure investment but also military supplies:
However, China overtook Germany as Russia's biggest buyer of crude oil this year thanks to Rosneft securing deals to boost eastward oil supplies via the East Siberia-Pacific Ocean pipeline and another crossing Kazakhstan.
If Russia is isolated by a new round of Western sanctions - those so far affect only a few officials' assets abroad and have not been aimed at companies - Russia and China could also step up cooperation in areas apart from energy. CAST's Kashin said the prospects of Russia delivering Sukhoi SU-35 fighter jets to China, which has been under discussion since 2010, would grow.
China is very interested in investing in infrastructure, energy and commodities in Russia, and a decline in business with the West could force Moscow to drop some of its reservations about Chinese investment in strategic industries. "With Western sanctions, the atmosphere could change quickly in favor of China," said Brian Zimbler Managing Partner of Morgan Lewis international law firm's Moscow office.
Russia-China trade turnover grew by 8.2 percent in 2013 to $8.1 billion but Russia was still only China's seventh largest export partner in 2013, and was not in the top 10 countries for imported goods. The EU is Russia's biggest trade partner, accounting for almost half of all its trade turnover.
And as if pushing Russia into the warm embrace of the world's most populous nation was not enough, there is also the second most populated country in the world, India.
Putin did take time, however, to thank one other country apart from China for its understanding over Ukraine and Crimea - saying India had shown "restraint and objectivity".
He also called Indian Prime Minister Manmohan Singh to discuss the crisis on Tuesday, suggesting there is room for Russia's ties with traditionally non-aligned India to flourish.
Although India has become the largest export market for U.S. arms, Russia remains a key defense supplier and relations are friendly, even if lacking a strong business and trade dimension, due to a strategic partnership dating to the Soviet era.
Putin's moves to assert Russian control over Crimea were seen very favorably in the Indian establishment, N. Ram, publisher of The Hindu newspaper, told Reuters. "Russia has legitimate interests," he added.
To summarize: while the biggest geopolitical tectonic shift since the cold war accelerates with the inevitable firming of the "Asian axis", the west monetizes its debt, revels in the paper wealth created from an all time high manipulated stock market while at the same time trying to explain why 6.5% unemployment is really indicative of a weak economy, blames the weather for every disappointing economic data point, and every single person is transfixed with finding a missing airplane.
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ROFL. Yes, It's gone!!
SR -
appreciate your work man...
stay on point...
Thank you, boys!!!
Yep, that's the game. And war is a big part of it.
A good youtube link on some Rothschild history. Take note that over a couple hundred years or so they have funded both sides of pretty much every war fought.
Link: http://www.youtube.com/watch?v=fTvGx-2uKY4http://www.youtube.com/watch?v...
This time is no different. The central banks and their owners are the real winners.
Of course I know I'm preaching to the converted but it's a little disturbing how long all of this has really been going on.
If you control the countries purse strings then you control the country.
@ Divided States
Not so easy. my wife is Russian. Born in Minsk. moved here when she was 3. she is not allowed to have citizenship. her mother who moved here when she was 25 also can't even get citizenship. so i have zero chance. At least I have your typical eastern european inlaws. always happy and cracking jokes and really enjoying life to the fullest, and by that i mean the opposite.
You can choose your underware, but not your family.
-Confucius
Hopefully we have enough ammo stockpiled because if we don't we will get our asses handed to us. Russia has natural resources and China has all of the manufacturing capability. The US and Western Europe have ........ wait for it, consumers. So we can hand the consumers some weapons and we have a shot of winning but if we run low on ammo, we will need to go all retro and start throwing rocks.
ICBM thermo-nuclear rocks for this war....throwing ordinary rocks is the next war.
No more tedious strategic arms limitation talks though you just declare war (throw a rock) and it's on.
Long bread helmets
Aliens
Good point team depends... though i do consider the entire affair as the distraction..
My closely held (yet unproven) position is the complicated plot has been about removing american hegemony... the old "flipsy daisy whookidoo"..
Our de-industrialization has been ongoing, the reduction in outputs follows to plan as well as the removal of most valuable resource products or energy counterparts nationally...
Heavy de-emphasis on anything not plastic or "consumer grade" is also important as the goal is less usage totals and control of approved usages.
Actual depopulation messages in media...(gay pogrom is possible planned population control in one generation using homosexual issues as reasoning but yeilding lower births and less families in totals as direct result..)
Overal government publicimage of incompetence being a well planned theater allowing the final moves to create the opposing systems without our interference..
Case in point is how each political move is absurd leaving the opponent in better shape than before...rinse and repeat....
We are the target and i think all of you will figure that out now you have the idea...imho...
"gay pogrom is possible planned population control in one generation using homosexual issues as reasoning but yeilding lower births and less families in totals as direct result.."
Not sure it's as much as a "pogrom" as it is just acceptance (or ignoring it- not doing say what Putin is doing by attacking homosexuality [which has been a common component of human history since the begining of time, not to mention the same for nearly all other life forms - "God' has a wicked sense of humor - human hermaphrodites?]). No matter, the real consequences of overpopulation (over-capacity) are pretty clear: I have no agenda on this matter other, it's just that I see things for what they are, as doing so allows me to make REAL decisions (based not on propaganda or emotions).
"We are the target and i think all of you will figure that out now you have the idea...imho..."
I'm sure that, deception being a key tool in nature's toolbox, it's all about the TPTB's survival. Anything unsustainable will eventually yield to entropy/nature. If you want to "beat" "them" then work WITH nature [in mind].
Homosexuality has been around for a long time but it sure isn't "common". It's a fringe practice that maybe 1-2% (if that) engage in.
I have a very hard time believing that it's a "natural" part of the world - because there's nothing natural about it.
Every living organism on this planet, from tiny bacteria to elephants, has two overriding imperatives in their biological programming: 1) to be a net consumer of energy, so as to survive (eat, don't get eaten) and 2) to reproduce so as to continue the chain of life.
When someone tells me that it's perfectly alright and "natural" that some living organism is incapable of/unwilling to/doesn't have the reproductive drive, I call bullshit. What that means to me is that the organism in question is biologically broken - a glitch in the programming, so to speak. Homosexuality (not so much the physical act as the lack of a drive to reproduce/attraction to the other sex) is about as unnatural as it gets. It's an affront to life on this planet.
@Zerozen
Interesting to hear your thoughts on homosexuality. I have thought just the opposite; i.e. that it IS natural to observe homosexuality.
My thinking on this comes from the observation of inter-individual variability. If I take a look around at a shopping mall, people simply look really really different! All shapes and sizes, some god damn ugly, some beautiful, and everywhere in between.
What this variability implies is that the biochemical underworkings (especially sex hormones and their receptors), which dictate sexual preferences, also vary greatly. Because these also influence outward appearance (e.g. testosterone and body hair). That's how you also get weird biological human outcomes like hermaphrodites (http://en.wikipedia.org/wiki/Hermaphrodite#Humans) and, in my view, homosexuals, men who are strongly convinced they're "women inside" and do a sex change, etc.
I get what you're saying, but I don't think your thoughts are in conflict with mine at all.
Like you, I accept that sex drive, gender, etc. are not purely binary but have some degree of a "sliding scale".
I'm just adding another layer on and following my reasoning to a value judgment. Homosexuality (and other things like hermaphroditism) may EXIST but that doesn't make it RIGHT or NATURAL. I'm sure you would agree that there are probably a million examples of rare, abnormal things that exist and that no one would consider OK or good just because they exist.
It is what it is and people can be what they want if it makes them happy, but I disapprove of TPTB aggressively promoting/advertising homosexuality as something "good" and "natural" towards society in general.
If you're born as a man but your brain chemistry is wired to make you attracted only to other men, your biological programming is damaged. I know this becase the vast majority of men like this, given the freedom to live their lives the way they want, won't pass on their genes - they don't have kids - they're an evolutionary failure, kaput. They should only reproduce rarely, by chance, and eventually they should disappear altogether from the gene pool over time. That's nature's punishment on them for being what they are - they don't get to survive over the long run.
You have a weird sense of what is and is not natural.
Technically speaking, so long as nothing super-natural exists, everything is natural.
I re-read what I wrote and I see what you're saying. I think when I wrote NATURAL I really should have said something like good, right, correct, etc.
I was using it in the sense "something that is a positive, sustainable behavior" and not in the sense "something that occurs in the natural environment".
The non issue takes care of its self in only one generation. Great way to lower the population. Here today gone tomorrow.
Well even your altered meaning is incorrect.
When populations are too dense, behavior that limits or reduces that density in a non-violent way are good, right and correct. Homosexuality fits that easily.
One word root cause -
O V E R C R O W D I N G
Many biological studies involving unrestrained breeding with adequate food and water = population increases to a certain point and then rampant fighting, homosexual behavior, disease, and an eventual population crash ensues - all in the presence of excellent nutrition but insufficient space. In the Rocky Mountain pioneer era, a man moved his family when the fireplace smoke from a new neighbor became visible.
The Rodent Experiments of John B. Calhoun
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1644264/pdf/procrsmed00338-0...
Zerozen wrote, "When someone tells me that it's perfectly alright and "natural" that some living organism is incapable of/unwilling to/doesn't have the reproductive drive, I call bullshit. What that means to me is that the organism in question is biologically broken - a glitch in the programming, so to speak. Homosexuality (not so much the physical act as the lack of a drive to reproduce/attraction to the other sex) is about as unnatural as it gets. It's an affront to life on this planet."
Homosexuality is common in the Animal Kingdom and is quite "natural". Science has demonstrated this.
Here is a Documentary Film about it titled, "Animal Homosexuality"
https://www.youtube.com/watch?v=burI0iyYEec
You can deny the science all that you want but it will not change the Empirical Evidence.
It is not a part of the Kingdom of God which is that which I value and to which I aspire. It is sin and an abomination for humans.
But of course there are those that deny the existence of the Kingdom of God.
You can also deny the existence of the Kingdom of God all that you want but it will not change the Empirical Evidence.
Couldn't comment on the Kingdom of God part, I'm not particularly religious.
Some animals practice homosexual acts, yes. This has been observed, I already knew that.
However, no animals are exclusively homosexual, as in, they have no attraction to the opposite sex and do not reproduce. Such a species of animal would die out very quickly! This is what I'm talking about.
Also, again, it's not common in nature. It happens, but it's not common (not among humans, not among animals).
It is more common than I thought. You may want to watch the film.
Cannibalism is also Natural. However I would not suggest that behavior either. (That is how I approach the debate.)
Oh...Marijuana...It is Mother Nature...oooh.
My response...Oh...Hemlock...It is Mother Nature...oooh. (I use this to argue against ADDICTION.)
Just because it is natural does not mean that it will not harm you.
"Just because it is natural does not mean that it will not harm you."
Doesn't that kind of prove my whole point? What I said...just because something occurs out there in nature/society doesn't mean it's good or right.
And in this particular case, if it's something that goes against that most fundamental drive of living things to reproduce and continue the cycle of life...then I have a really hard time thinking of this behavior as a good thing.
Of course it demonstrates your point.
But it is still natural Animal Behavior which was my point.
However there must be some heretofore unknown benefit to a species if the "Survival of the Fittest" is a valid premise. I do not know nor do I understand. Zoology is not my field of expertise. But it is impressive.
For me it is toxic and poison. But what is poison to some is healthy for others.
I would not eat Eucalyputus Leaves but Koalas have a palate for that cuisine.
Did you watch the film?
(I did not downvote you up there. In fact I awarded you an upvote as you are bright.)
disease is also natural. so is death.. what's your point? homosexuality is a socially propagated disease, like rap music and gambling.
The Definition of Terminology is very important if you wish to dicuss a topic intelligently.
When people declare something to be unnatural when the evidence is clearly contrary then they do not have clarity of reality but are living in a fantasy.
Now it is against my Religious Beliefs. I am diametrically opposed.
But I will deal with reality over that of fantasy. I will discuss reality over that of FICTION.
You can write that the Moon is made of Swiss Cheese but that will not make it real. Any discussion which follows is just babble since I will be writing of a Rocky Sphere which revolves about the Earth and you will be writing about a ball of Swiss Cheese. If there is to be any communication we need to agree about the definition of the Moon.
Likewise there has to be agreement to the term, Natural, in order to discuss the topic rationally. Natural means that which happens in Nature.
Supernatural means that which happens Above Nature, hence the prefix "Super" just as the term Superstructure refers to the structure above the main deck of a Ship.
So are we in agreement about the definitions?
Really? That's weird, ABC TV in Oz seems to be more like ~70%, and the Green parties its more like ~98%. How did that happen?
You must be in Sydney. For those who don't know Sydney is the gay capital of the Southern Hemisphere and has a huge gay mardi gras and gay scene(a bit like SF). Somewhere around a quarter of a million in a population of under 5 million (still under 10% of adults). As most are male queers it means Sydney has a heterosexual male man drought (women say all the good men are either taken or gay)
"It's an affront to life on this planet."
More likely it's a response to overpopulation. Observations in wild species offer some evidence of this, but regardless of cause, the phenomena definitely exists.
http://en.wikipedia.org/wiki/Homosexual_behavior_in_animals
Based on my experience, I'd say the figure is nearer 10%, mate. I've watched the wife munch rug, for one thing, and she's pretty 'wholesome' most ways.
And, frankly, who gives a fuck? I couldn't care less what someone's preferred sexuality is. The two guys across the road from me are quite obviously gay. But one's a capable electrician and the other is a decent chef (not as good as me, though!) and both are real nice fellas. Worse neighbors to have once TSHTF! At least neither of 'em is likely to want to rape the wife once rule of law goes away - though it would be funny to watch them try, since she's a judo black belt and has a penchant for spiky balls on the end of a sturdy chain. Quite seriously, there; she collects morning stars and the like - as a 'hobby'!
Great points SEER...
I wasnt going to include the "gay pogrom" comment at first but i feel that perception drives the reality for many folk and a large population not engaged in procreation is simply "out of play" long term so i had to include for intellectual honesty and openly being supported by the cacophony of messages encouraging just such behaviours makes my case to those of you(thanks seer) who observe the crux of the observations i offered as offered.
Now the grand sweepof american destiny is simply use less, be less, live less as what is left of the 20th century is passed around the rest of the world before the true scarcity is upon us. The remaining countries passing our castoff position of power around like a fat roach or the last two fingers of the best scotch..
Thus my overall point of america as the real target overseen by our current(and past) governance get drawn into fruition appearing natural yet highly scripted but AGAINST our real hegemony...( bluffwords... nsa cia petrodollar empire..etc.. all to draw our eyes away from no industry no consumption.loss of reserve status over indebtedness fiat printing..total loss of national pride.etc..)
I am glad you took time to consider my opinions
So perhaps Obama's doing everything he can to make the US look foolish while diminishing its military, industrial and financial strength? Is this part of what he meant when he said he would be more flexible after the election?
... more flexible after the election?
just means he can bend over more easily.
BOHICA, bitches.
And I'm guessing this deal will be signed around MAY 9TH, Russia's Victory Day that celebrates the end of Nazi intrusion:
http://en.wikipedia.org/wiki/Victory_Day_(9_May)
Anyone know where I can get some pot? None of this matters to me anymore. My life savings and credit was destroyed by the aholes in Washington and NY so fuck it all. I am going to smoke myself into a cloud as the US becomes Brazil.
Lessoned learned.... the working man is the sucker
GAZPROM has been 'months away' from this deal for over 5 years now. Until you hear that they have agreed on a price, this is non-news.
Maybe Gazprom was waiting for just such a time to say Da?
<Insert picture of Hamad Karzai taking office here>
It's China that has been backing down, not GazProm. This is a primary reason why GazProm's stock price has been trading so poorly over the last few years... failure to close this deal while its business with Europe has been stressed due to poor relations. I'm not sure why anybody would junk my post. If they do a little bit of reading on the subject, they'll see that I was only pointing out facts. Who knows though, maybe the west's current bout of sanctimonious empire building will be just what finally drives China and Russia to push through their differences... not to mention, kicking the marginalization of the dollar into a higher gear.
"If they do a little bit of reading on the subject, they'll see that I was only pointing out facts."
Facts are more than enough to get you downvotes around here.
Don't truth me, bro. covers about half the posters here at least.
Every few hundred millenia the earth's north and south magnetic poles reverse without warning, and north and south "flip." What we're seeing here is the political equivalent, where east and west flip, in a realignment of hidden global forces.
Good analogy!
The upshot of all this as it relates to a NWO is the homogenation of the working/slave class.
The USSA being stripped of its hegemony and that hegemony being divided amongst the other first worlders.
I've posted this outcome several times but never seen the discussion get wheels.
DaddyO
Too bad few are aware of the extent of "prior arrangements" required to fufill our role in the handoff of our hegemonic powers Daddy O..
I am a simple verbot with few tools beyond my fellow ZHer's but mine eye have seen the coming of our place in the order of things which aint too bad if your are poor-ish hell on earth if you make less than 1.5mil a year and super funtime ethical reality freedom funshow if you above that (sans alimony..lol).
I also feel as an amateur science geek that we should control reasources closely.... now dig up all that thorium and build my moonbase!!!!!
(Thorium atomic reactors...is whats for power....)
As you may tell i favor the mind of mankind as the savior but accept some just want to cull herds for fun and profit....
Hubris Hubris often indicates a loss of contact with reality and an overestimation of one's own competence, accomplishments or capabilities, especially when the person exhibiting it is in a position of power. The adjectival form of the noun hubris is "hubristic".
OBAMA = IS A FUCKING CLOWN - HE IS NOT REDEEMABLE!!!
Call us in ten years and after at least $50 billion in CAPEX...
BTW, where exactly are these pipelines going to run?
Ever seen the Chinese put up a high-rise? I'm pretty sure the can do Russian pipelines if they can build the US's transcontinental railroad through the Rockies by hand.
Hmmm ..... let's see.....Russia has oil, coal and gas.
Western Europe has vineyards, olivegroves and one giant ever-growing pile of debt.
Guess who's gonna to come out better off when the trade-wars really heat up....
Exactly, he's a chess player and remember he was a colonel in the KGB and he knows how the world really works. It could be that Obama is trying to find a person or country to blame for the economy when it implodes.
No, there ain't no pipelines from Russia to China currently. Theoretically, it could be done, but it'd be cost prohibitive to go around Mongolia. Culturally, the Mongols hate the Russians, so good luck going thru.
Week ago, I suggested they'd use the sea for transport, and was roundly red arrowed. I guess we'll see.
It doesn't matter what Mongolia thinks of Russia. Mongolia is landlocked between Russia and China and if they decide Mongolia is on the route then Mongolia will have to bow down to reality. Mongolia will make money, create jobs and take a portion of the gas as rent for the pipeline.
China has the capacity to do this project very quickly and Russia can provide technical expertise to make a first rate system.
Yeah, those Mongolians are just as much a pushover as their Persian cousins are in Afghanistan. Do I need to point up how incredibly stupid your words sound?
How fast can the U.S. become irrelevant? Faster than anyone can imagine.
There was Israeli provocation and Turkey is rattling their sabre after some al quaeda terrorists backed by the west killed some turkish border guards then blamed the Assad government. So combined with the ciplomatic freeze the west is clearly, palpably in terror over Syria. Why? Because the rebel efforts have largely collapsed and they are in their death throes. Looks good on them.
REgarding this matter - recall that Hank Paulson is being quoted all opver the place as stating that a number of years ago Vlad tried to get China to sell the US out, but they refused. My sense is that it, like everything western officials, stooges and satanists say, is bullshit, but look for that to be brought up over and over again to paint putin as a seditious madman hell bent on taking the world or burning it down. Oddly blaming him for being exactly and precisely what the West is.
Dude- How did you get a picture of the Holy Grail?
Crayons? ;-)
Looney
We already got one.
So do I, actually. For a brief period. If it was ME playing the oligarch game, I'd have kept one last batch of powder dry for that brief period right before the rubber meets the road - never miss out on one last opportunity to load up big on any phys that hasn't already been grabbed by your fellow sociopaths.
LOL.
Meanwhile, Obama is about to deny Keystone.
I am 5 steps ahead of you Divided...see you in Novobirisk! I am thinking fly fishing guide....something like that.
... or bf ...
Like everyone couldn't see this news coming from a mile away.... wait until the india deal is announced... will there be any left for Europe?
Let me guess, that pipeline will run through Afganistan?
Or Pakistan, since they're on such good terms with India. As for the pipeline to China, I believe the Uighurs have said they would be happy to see it run through Xinjiang, in sha Allah.
Incidentally, the pipeline China already has running through Burma (two, actually, one natgas and one MidEast oil) begin in Yakhine State, home of the Rohingyas, who aren't exactly getting on well with the leadership in Nay Pyi Daw. Before hitting China, the lines run through land where Kachin, Kokang, Wa and Shan have their own issues with Nay Pyi Daw, and on the part of the Kachin, with Beijing, too.
The Kachin are the original guerilla fighters, champions of asymetrical warfare. Others have adopted their methods with a good deal of success. Uighurs, Chechens, Pashtuns, Tajiks, and soon enough marginalized Crimean Tartars, might have some fun with anything Russia tries to do with either India or China.
It all looks good on paper, though.
Australia will be sending ~$150 billion in natgas to China over the next 25 years using ships, India can get it from the Gulf or Arabian Sea coast the same way if they want it. Or from Australia.
thank you, chindit 13. the land route through burma was a bit of a hairball, with india and china happily dividing the resources and dealing with the corrupt military as well as making life difficult for the various tribes.
*Perfect*
With this announcement, Obama has sealed his place in American History as "The Ass-Clown" President
Yep! OBOZO The Ass-Clown. Followed by The Hildabeast. Because voters are smart!
when you say voters you mean Diebold right...... sorry I'm new here .... takes a minute to break the sarc....
he's just the pawn they put in place...
MoneyChangers r calling the shots...
always have and always will until they r exstinguished...
And if this gets signed off the Money changers are going to see the flow of it change.
This is a big hit to Brenton Woods boondoggle
Murf
I don't know. Woodrow Wilson and Richard Nixon could give him a run for his money on that distinction.
Only to those who have a clue, in the USSA at least.
Common Core...
They write the history books too.
Obozo's 2016 Presidential Campaign Slogan -- Hope & No Change: If You Like Your President, You Can Keep Your President
Will the 22nd Amendment be Executive Pen nullified by 2016?
very well written, i recommend
http://www.spectator.co.uk/features/9163581/putin-is-making-the-wests-cold-warriors-look-like-fools/
+1
Article sums up very succinctly what us plebes have known for weeks if not months!
The end* is near!
Hedge accordingly!
*<Petrodollar>
DaddyO
Let´s hope Billary , Biden , Kerry , McCain and Obummer are happy with their days work and can look back at another year of thorough undermining an destruction of a world in reasonable balance which they inherited from Reagan. A great American. Reagan that is. Not the others that have spewed forth from every orifice of The Great Babylonian Harlot ever since.
BTW reminder to self to invest in Russia again.
reagan was an actor .......and a fucking clown!
Nancy was the puppet master, our true president.
George HW Bush, Vice President and former Director of the CIA, was the Puppetmaster.
It took a bullet to Reagan's chest to make him change his mind about revamping our entire economy and reinstituting the Gold Standard as he promised to do in his campaign.
The attempt by Hinkley was planned and not an accident.
I suppose Reagan was stupid enough to consider a move to a gold standard that would cut standards of living by 1/2 within 10 years....
In case you don't see where this is going: Just how would the oil imports be paid for?
Do you really believe that the Saudis do not take some of those worthless Monopoly Money Notes and buy Gold???
LMAO.
That is not the point...
What the House of Saud does with its dollars after the fact is of little consquence...
Nonsense, when the oil is gone they are shit out of luck.
They better have assets and a new economy.
Excuse me??? The fact that they made a deal to help FINANCE our Deficit Spending by agreement to use a substantial amount, TEN PERCENT, of the Oil Revenues to purchase our Treasury Bonds is of Massive Consequence.
They, of course, were also wise enough to know that in the long term that the USA would become insolvent. So they also heavily invested into Gold. Did you ever watch the fictional Movie "Turnover"? It was made in 1981 but it is prescient to today's economy.
They are taking Gold for Oil. It is not direct but they are still doing it. Of course the benefit of US Military protection from enemies foreign and domestic was well worth the price of their deal. That is why we went to war with Iraq during the FIRST GULF WAR. They pay for that protection with some of their Oil.
Now the boogeymen Soviet Union has disappeared as a "threat" so Bandar wants us to take out Syria and Iran for financial gain.
Well the terms of the deal changed a little bit. And because we did not do Bandar's bidding, and threw Bandar under the bus so to write, it is most likely that Saudi Arabia will reneg on their deal. At that point it is the absolute End Game for the US Dollar as the World's Reserve Currency.
Their holding of UST's over the years put lie to the very first thing you claimed...
We can safely ignore what you wrote afterwards....
To sell them would be to violate the treaty. They turn much of the rest into Gold.
Sorry.
tall tom. thank you for the summary.
A little dirt goes a long way to grease the wheels and getting things done. But what now is going on will cause serious upsets and disruptions.
+100
Hinckley's dad was a friend of the Bushes and a big contributor to his 1980 campaign. They were in the oil business.
http://en.wikipedia.org/wiki/John_Hinckley,_Jr.
Some believe Reagan's Alzheimers was induced via prion.
You're delusional.
Reagan goosed the dismantling of our industry.
Great job creator too, in the service economy.
You forgot this though.
I still remember the Time magazine headlines at the time, how Reagan planned to spend the unthinkable sum of $263 billion in just 3 years on defense (even before SDI got rolling). US MIC was living high on the hog and thus the peacetime addiction to war-time budgets and militaristic Neocon bullying went berserk.
At least the deficit was only a modest trillion this year.
I'd also like to forget his gargantuan tax hike on credit card interest.
That REALLY hurt the 1%.
He was right in that - "Government Is The Problem".
Lol....now we just play the whole saddle riding a nuclear bomb to moscow was a dream, dad is pulling into the driveway and mom is meeting him on the porch to tell him we been bad....again...
So while eddie alotovkraap and billy lee chin ride our bike away to hide in an uncles basement we get to explain to dad and mom why we wont be helping with their old age...(again cuz mom is hard of hearing)
And the next day both billy and eddie lie to your face while they ride your bike all repainted in a garish gold spray can job.. scratched their names on it and got all the other kids to play in their yards by handing out rides.. finally you see it dumped down a ravine broken and used up... and then you pretend to ride a missle into moscow again but the folks took your keys and dad says go sleep with your friends but then you find they all were just waiting for you to give up your collection of neat ideas and bit of unobtanium but its us in the ravine...lol
Yup
Hilarious VH! Literally LOL
But.. But Joe Biden said.. "Russia Is 'Alone, Naked' In Front Of The Entire World"
Joe Biden... Where is that guy? What does he do exactly?
At least Dick Cheney was an evil mastermind.
Putin vs. Obama:
Check
and
Checkmate
just wait for Merkel to resign
pigeon politics
Chinese Gold Demand 488 MT YTD, Up 29 %
http://www.ingoldwetrust.ch/chinese-gold-demand-488-mt-ytd-up-29
Funny. Keep in mind, this scenario has already been played out. The US has already considered militarily that "we" can take Russia, or that we can take China. However, taking both China and Russia would require a base on that hemisphere.
I give you Afghanistan. Complete with hydroelectric power, railroad systems and 10,000 foot runways capable of, well you can see where I'm going. All in the plan folks, all in the plan.
If you like your tee time you can keep your tee time.
Hmmm. Russia cuts off natural gas to Europe.
And, right on cue:
Export <US> natural gas ...http://www.usatoday.com/story/opinion/2014/03/20/natural-gas-export-russ...
dupe
dupe
Tylers
Is there any way to avoid the "skinny comments"?
G
e
t.
I
t.?
In all fairness, if you were President, wouldn't you look around at the agenda and just say "fuck it", I'm going to go play 18 holes today?
Pass the popcorn, please.
MOAR DEMOCRATIC VAGINA!!!!!!!!!!!!!!!
Anybody tried bitch slapping Putin yet? LOL!!!
BRICS or RICS
There it is. The BRIICs don't like the deal they have been getting in the Federal Reserve's game of monopoly and will now start their own game. But I digress, I am sure the oligarchs all around the world will be well-positioned either way.
Now things get interesting (about god damn time).
Anyone look at a map lately? Russia and China are not Iraq and Cuba.
And that was what Adolf Hitler was asked. My Furher, you need to see a map of Russia before you attack. He did and said OK just surround the capital. It is one huge Motherfucker of a country! add China and you have half the whole Earth. Both have never been taken and never will be. Now to Afganistan.... that tough little flea has seen off
1/- Ghengis Khan
2/- Hannable
3/- The British Empire
4/- The Russians
5/- The Americans
6/- fill in the blank...... Russia would bea move too far
I'm sure that the big picture plan is to have alternative energy by the time the petrodollar is challenged. In the meantime, if you think getting rid of the petrodollar is a short term project you're ignoring the facts. The truth is most foreign reserves are USD, so yes countries will diversify but that will take a long time.
Also, the blogger mentions that 40% increases in gas prices for Ukraine are indicative of what would happen in Germany except this idiot is ignoring that that's because of Ukraine discounts thanks to being Russia's bitch. Or rather Yanukovich being Russia's bitch. Germany has plenty of reserves for natgas at the moment and the biggest loser in not selling gas to Europe would be Russia. That's the bread and butter of their economy. Also, there are very few pipelines going to China at the moment, so yeah when they finish the construction of more pipes, they can do it. Still whoever thinks that China would ever drop its biggest trade partner the U.S for a measly Russia is smoking some extremely pessimistic shit and should probably change the drug and increase the dosage.
Bullshit. You will be surprised by how fast things can change. All those reserves, in fact any reserve, can be sold or exchanged at anytime. Yes, believe it or not there still is a market, corrupt or otherwise... it really doesn't matter.
In order for things to change, there would need to be a stable currency or commodity that could replace USD. Since almost everything is pegged to USD, there is no such currency. USD is the most liquid and experiences the least volatility. Don't get your panties in a bunch just yet. The only resource that the U.S doesn't have an abundance of is oil. Grain and other things are all exports and our infrastructure is very good but unfortunately too dependant on cars. No doomsday coming. Sorry to break it to you guys.
The logic of the Fed is to take on debt and print money until productivity increases. I don't expect the middle class to increase productivity since Americans are lazy and spoiled. What I do expect is our geniuses, our best and brightest to invent something like Tesla did and mass produce it. Whether it be cold fusion energy, electric cars, solar power, but something will come up and then the petrodollar won't matter anymore.
Jingoism can be a fatal disease.Please see a Doctor before Obozocare fully kicks in.
Ironic that your hero is Winston Churchill.
Making an assumption?
That's a solid strategy you've got there. We'll call it "Hope for change".
Unfortunately, R&D requires a tremendous amount of capital and resources. Now remind us, has the U.S.S.A. been deploying their capital and resources wisely?
Are those "geniuses" getting paid a competitive wage?
You might want to do some homework, because they are in China.
You also might want to take a look at the liabilities of the U.S.S.A.
How stable do you think the Bay Area will be when the SNAP cards
are shut off or the prison system in California explodes?
Not a very critical thinker are you?
Yes, R & D sometimes does take a lot of money.
Inventing, not so much.
Inventing and bringing to market are two different things. Yeah, I bet you "invent" all kinds of bullshit.
get out of the basement kid, it's a big world out there.
you dont get it!
this is a tectonic shift - the G7 are all in severe trouble except for Germany - how will they stand the test of time? - they very soon will begin to scatter as soon as the figure out how to get out from under the Fed thumb that controls their debt and their politics on all these actions in recent days
BRICS et al - hate the USA - starting with Argentina, Bolivia, Brazil, middle east with exception of SA princes ......
Bombing people around the world and then threatening them with US control of Bank of International Settlements means they will form counter weight- inevitable
this is classic overreach you see throughout history - UK, Spain, Germany, Japan all went through treating people with contempt because they were different
Federal Government of the USA even hates and despises their own citizens - read NSA and Obama!
Yeah the geniuses in China are the people who don't have to starve, good deal for them I'm sure. The biggest brain gain is in the US, we attract the best and brightest from all over the world. When you go to any private university, you will see plenty of international students, many of them being from China. These people all want to stay and take very demanding and grueling jobs just to stay here. You see it all over NYC.
Liabilities are a problem, but U.S debt is denominated in USD. Aka we can print it away. Can't say the same for the BRICS countries can you.
The Brics countries may very well hate the U.S, but they aren't the important players of the world. Their economies are going to be the first to collapse. The U.S is actually one of the last countries in line for a big collapse. Expect China, Japan, Russia even the EU to have serious depressions well before the U.S.
The kind of people that take demanding and grueling jobs are not the best and the brightest from all over the world.
They're Pakistani cab drivers and illiterate Mexican busboys.
Maybe 30 years ago this country was attracting and keeping the best and brightest, but today it only attracts *some* of the best for higher education and then when done many of them go home - this trend has been climbing the last 10 years, especially among the Chinese. Given current trends in a few years the majority of what's coming here will be the unwanted bottom 10% from other people's countries (same as it was up until WW2), if it isn't already.
That being said, yes, if a Zerohedge-style financial apocalypse were to occur in the U.S., everyone would burn. It's all so interconnected. Maybe in 10 years it'll be different.
>>>>>>Yeah the geniuses in China are the people who don't have to starve, good deal for them I'm sure.
Familiar with the carefully engineered corporate lexicon "Food Insecurity"?
>>>>>When you go to any private university, you will see plenty of international students, many of them being from China
As the NFM presenters were eager to point out, the vast majority of non-tenured instructors, despite the doctoral degrees that most of them hold, are part-time "adjuncts" working for as little as $1,400 per three-credit-hour course taught (do the math and you'll see that even if they manage to cram five classes per semester into their schedules--an unusually high teaching load for an adjunct--$14,000 a year doesn't buy a lot of groceries). On top of their wretched pay, adjuncts lack the most rudimentary job security, because most are hired on an as-needed basis a few days before the semester begins. And on top of that, because college administrators want to keep adjunct faculty at arm's length as part-timers--and thus get out of paying for their health insurance and other full-time employee benefits--few institutions permit adjuncts to teach more than two classes per semester. In order to earn something resembling a living wage, many adjuncts cobble together two or three teaching gigs on multiple campuses and spend much of their working day driving from part-time job to part-time job in the kind of car that you can afford when your income is $14,000 a year. Few campuses provide offices for adjunct faculty--or even parking spaces, computer access, or cubbies for storing their books. Adjuncts almost never get invited to departmental social events. Indeed, it's common for the tenure-track professors in a given department not even to know the adjuncts' names. As Betsy Smith, who teaches English as a second language part time at Cape Cod Community College, put it: "It's matter of respect. They never refer to me as 'my colleague.'"
All wages have been sucessfully arbitraged. An increase in productivity is not possible with human or robot when corporate expects you to be 3 places at once.
Where do you live? Uranus?
More than a few of those best and brightest end up going back to their own countries and working. Look at Indian cities like Bangalore and Chennai, they have hundreds of thousands working in IT and many of them had gained experience in Silicon Valley and other places.
If/when the US gets into financial trouble then many more will flee the sinking ship.
The EU is not a monolith, expect Germany to remain in a better position than just about any other country.
Ahem,
Canada's not doing too bad either.
Federal budget to be balanced in 2015 leading to paying down the deficit.
Obama's 2012 debt per citizen = $4600.00
Harper/Canada's 2012 debt per citizen = $600.00
Oh and Canada's housing bubble? That's only in Vancouver, Montreal and Toronto, which most Americans think is Canada.
May I interupt your masturbation with your flag in hand mr corn (I never do this normaly)................. YOUR PRINTING MONEY AND YOUR PRINTING YOUR DEATH? RESERVE CURRENCY ??? MY ASS... A reserve currency must not do that. How far have you fallen, like Nicurus you believed but your wings are wax affixed and the Sun doth shine heavy upon you.
Except the US/China trade pact is ultra-fractured and doesn't rely upon the acquiesence of the US Govt.
Wal Mart is China's biggest trading partner, not the US.
No matter how fractured it is, the two countries need to get along and accept each other's faults. They are too dependant on each other to risk their relationship over something like Russia. The Chinese can keep trading with Russia, but they will never leave the U.S for Russia. If you think the American consumer is "tapped" think about the Russian consumer. Lolskis.
"Customers" in all countries must pay for the liabilities of their respective government. You are suffering from tremendous cognative dissonance if you think Americans are "fat and lazy", yet they are also better "customers".
Good luck with that.
You might want to take a look at the liabilites as well moron.
US liabilities are denominated in USD... moron. Do you know what that means? That means we can print it away. Liabilities in the BRICS countries are denominated in foreign currencies, aka they can't print their liabilities away. See the difference? Reserve currency, bitch.
Yup...balance sheet mismatch...it's what's sunk so many developing economies into financial crises over the past 60 years.
That's what the topic of this post is all about though; at some point in the future, and possibly a lot sooner than many anticipate, the reserve currency status could well go away.
Once that huge advantage is gone...then what?
BOOM!!!
Without some major conflict that flips many large countries from the dollar I think we will continue to slowly lose reserve currency status one baby step at a time. It will probably be slow enough to avoid general unrest but if you were to check in every 20-30 years on our nation you will not recognize it compared to the last time. In the next 30 years I'd expect kids born now will be lucky to make a couple bucks an hour in todays purchasing power.
Reserve currency? That's your argument? LMFAO!!!!!
So long as people use it.
Full faith and credit bitch.
I.e. no faith=NO MORE CREDIT.
Thanks for the laugh.
Ever heard of a catch 22? If the U.S currency inflates, those countries reserves wither away. I don't think you understand the monster that is the USD. Either that or you're simply choosing to ignore the reality of how dependent the world economy is on the U.S and it's currency. If the world lost faith in USD they would be shitting away their own money. Over 50% of world reserves are in USD. If they try to dump USD, they will be dumping their own money. Case and point China.
Again, bullshit. Trade always trumps reserves. If China, Russia and Iran (or anyone else) agree to exchange in their own currencies, then they will not be "dumping their own money". They will take the dollar loss, dump the dollar, and still TRADE with each other.
Moreover, you can't simultaneously state that "Americans are fat and lazy" and expect that other conntries would want to do business with those same people. So which is it? is the USA good (not fat and lazy) or bad (fat and lazy)?
I am thinking about how well off the Russian will be after Russia-China Bilateral Trade begins. They will enjoy the inexpensive imported goods while America goes without. Then Russia will have a market of over 1.5 Billion People demanding their Petroleum products. That is 20% of the World's population.
It will work out well for both Nations. I wish both of those Nations well and may the Good Lord bless them abundantly. The USA will be on the sidelines as WE DO NOT PRODUCE.
Yeah, they're all going to see around a campire and sing gumbaya. Rofl. Except the Chinese have no money they want to spend, they are savers by culture. Russia will enjoy cheap Chinese goods, I'm sure they already do. Not nearly enough money in either of those countries to match the massive demand that comes from the U.S. Not even close.
Chinese have a different culture. They are not supersize me everything like Americans. They know that you need to save for a black day. Americans don't know what a black day. That may or may not change in the forseeable future.
The Chinese are not going to be buying Goods from Russia. I did not claim that. They will be buying ENERGY from Russia.
The Russians will be buying the inexpensive good from China as they are not like the Chinese and savers.
The Currency of Bilateral Trade will be the New Yuan or the New Ruble....maybe with a fractional backing of Gold...maybe not. My bet is that it will be the Yuan as it is the Russians who are selling that which the Chinese demand...ENERGY.
Chinese will be saving as their culture encourages it. I never wrote that they would not save.
That was a good attempt at a Strawman Argument. But it was way too transparent for this crowd. (They will tear you apart...)
But we on Zerohedge are aware of the tactic so you FAIL.
You might want to attempt another tactic.
You are relying on USD as a constant metric of wealth, and an economy can be healthy just by consumption.
The model is deeply flawed.
"Russia will have a market of over 1.5 Billion People demanding their Petroleum products."
And, eventually, Russia's petroleum will run out, that or China's ability to pay does. For now, however, it is what it is, market capture. It's business...
The Chinese are not stupid.
Let's see...Shall we trade Goods and Services to America for a promise to pay Goods and Services later??? Or shall we trade Goods and Services to Russia which will pay in Petroleum Products now???
Gee...Which is the better deal? It does not take a Business Degree to figure that out.
I am aware that Russian Reserves in the future will be depleted. But while they are flush with Petroleum that is what will happen. You know it and so do I.
Pulling the argument out my a$$ but this is the result of destroying/bypassing the ME: the antagonism between east and west can only grow over time.