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What About The Dollar: Russia, Iran Announce $20 Billion Oil-For-Goods Deal
Spot what is missing in the just blasted headline from Bloomberg:
- IRAN, RUSSIA SAID TO SEAL $20B OIL-FOR-GOODS DEAL: REUTERS
If you said the complete absence of US Dollars anywhere in the funds flow you are correct. Which is precisely what we have been warning would happen the more the West and/or JPMorgan pushed Russia into a USD-free corner.
Once again, from our yesterday comment on the JPM Russian blockade: "what JPM may have just done is launch a preemptive strike which would have the equivalent culmination of a SWIFT blockade of Russia, the same way Iran was neutralized from the Petrodollar and was promptly forced to begin transacting in Rubles, Yuan and, of course, gold in exchange for goods and services either imported or exported. One wonders: is JPM truly that intent in preserving its "pristine" reputation of not transacting with "evil Russians", that it will gladly light the fuse that takes away Russia's choice whether or not to depart the petrodollar voluntarily, and makes it a compulsory outcome, which incidentally will merely accelerate the formalization of the Eurasian axis of China, Russia and India?"
In other words, Russia seems perfectly happy to telegraph that it is just as willing to use barter (and "heaven forbid" gold) and shortly other "regional" currencies, as it is to use the US Dollar, hardly the intended outcome of the western blocakde, which appears to have just backfired and further impacted the untouchable status of the Petrodollar.
More from Reuters:
Iran and Russia have made progress towards an oil-for-goods deal sources said would be worth up to $20 billion, which would enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.
In January Reuters reported Moscow and Tehran were discussing a barter deal that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.
The White House has said such a deal would raise "serious concerns" and would be inconsistent with the nuclear talks between world powers and Iran.
A Russian source said Moscow had "prepared all documents from its side", adding that completion of a deal was awaiting agreement on what oil price to lock in.
The source said the two sides were looking at a barter arrangement that would see Iranian oil being exchanged for industrial goods including metals and food, but said there was no military equipment involved. The source added that the deal was expected to reach $15 to $20 billion in total and would be done in stages with an initial $6 billion to $8 billion tranche.
The Iranian and Russian governments declined to comment.
Two separate Iranian officials also said the deal was valued at $20 billion. One of the Iranian officials said it would involve exports of around 500,000 barrels a day for two to three years.
"Iran can swap around 300,000 barrels per day via the Caspian Sea and the rest from the (Middle East) Gulf, possibly Bandar Abbas port," one of the Iranian officials said, referring to one of Iran's top oil terminals.
"The price (under negotiation) is lower than the international oil price, but not much, and there are few options. But in general, a few dollars lower than the market price."
Surely an "expert assessment" is in order:
"The deal would ease further pressure on Iran's battered energy sector and at least partially restore Iran's access to oil customers with Russian help," said Mark Dubowitz of Foundation for Defense of Democracies, a U.S. think-tank.
"If Washington can't stop this deal, it could serve as a signal to other countries that the United States won't risk major diplomatic disputes at the expense of the sanctions regime," he added.
You don't say: another epic geopolitical debacle resulting from what was originally intended to be a demonstration of strength and instead is rapidly turning out into a terminal confirmation of weakness.
Also, when did the "Foundation for Defense of Petrodollar" have the last word replaced with "Democracies"?
Finally, those curious what may happen next, only not to Iran but to Russia, are encouraged to read "From Petrodollar To Petrogold: The US Is Now Trying To Cut Off Iran's Access To Gold."
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Can Mr. Yellen stop inflation in 15 minutes like Ben could?
pods
Is she also one of those with a direct line to God?
pods its much more symbolic than practical regarding the impact on the future death of the petrodollar. relative to the amount of dollars that are used to settle trade every day, 20 billion is really nothing. there is a huge nat gas deal that should get signed between putin and china in may. that may be much more telling how close we are to the end of the reserve currency....
Sure this one is a mere drop in the bucket, but this does show a couple of things.
Iran is having trade options opened. No more gold laundered through the UAE, etc.
And energy is being moved out of the sphere of control of nobody (Iran blocked from exporting), to Russia, in terms of Iran.
pods
I don't know why, but every time I see FRN, I know it means "Federal Reserve Note," but the first thing that pops into my head is "Fractional Reserve Note."
EDIT: Fuck it. I'm just going to start calling them Fractional Reserve Notes. Our entire system is levered to shit anyway.
Airline miles will be worth the FRNs when the treasuries come home to roost.
But Pods....you cant eat gold.
Said many dumbasses, many times.
Stack it!!
RIPS
If food becomes scarce, you'll find that lead is much more valuable than gold, at least until enough people starve to death.
Gee Bandar, that payment block sure worked out really good... for the other team.
This is all part of the show they are putting on for us...
This would normally be the trigger for bringing some freedom and democracy to Iran, but with those damned Russians involved it might be hard to help them Iranians out this time...
Well they tried the revolution thing in Iran a year or two back, next step is the US military. I'm assuming they've been trying to assasinate the opposition all along. So I'm expecting to see a huge propaganda campaign to ramp up. Thing about Iran. They are not arabs, and the terrain is not flat desert.
It's all going public now.
lcn.freedgold.com/. The first post at this blog foretold this. Watch out for what happens to paper gold and Physical Gold prices.
It makes little sense to me. Iran hauling coal to Newcastle ... um, why? And I don't know what goods from Russia are worth much other than military equipment. The Russians must be a little desperate for eggs to throw at Uncle Sam.
"The Russians must be a little desperate"
Not desperate, just being creative.
Well, try to think it through. The Iranians get less exposure to sanctions by using the Russians as a storefront. But I doubt they plan to physically haul the coal to Newcastle, the oil still gets loaded up on the same tankers going to China, just the Russians get some of the petrodollars. If you make that petroyuan, Russia gets yuan to go shopping for Chinese stuff. China gets to ostensibly buy its oil from Russia instead of Iran and use the bilateral settlement system instead of the dollar. Does that work?
I was just trying to give Putin some credit. He seems to play this game really well, in a we-pwned-the-Mafia kind of way.
Russia is creating UEC payment system...China is signing Renminbi settlement system with countries as wide ranging as England, Germany, Australia, NZ, HK, Taiwan and Singapore and bilateral swap agreements with over 2 dozen countries.....Iran signs barter agreements.....there are sanctions on over a dozen countries ranging from North Korea to Sudan and Somalia....why, pray tell me why, US is shooting itself in the foot?
I hope to dear God that they have a Plan B, just like they had in Afghanistan and Iraq where after 13 years US has been unable to extricate itself and is seen as the most hated liberator ever!
God really needs to bless America!
"why, pray tell me why, US is shooting itself in the foot?"
Maybe this is how they planned to exit the QE - by hyperinflation in the US (diluting the debt) and throwing the blame to the rest of the world (namely Russia, China, Iran). Of course the regular Joe will pay a hefty price, but hey Joe, Russia is to blame for your misery (sarcastic).
:) just occured to me...
"I hope to dear God that they have a Plan B, just like they had in Afghanistan and Iraq where after 13 years US has been unable to extricate itself and is seen as the most hated liberator ever!"
When America loses God, God loses America.
Truly, salvation lies in one statement: We need God back in America NOW!
(God=Love)
Only a true God powered America can save the world.
CHOOSE to embrace that which in truth you are also(love), or not. All actions, words, and deeds have karmic retributions and every living soul shall know that eventually. Speaking strictly from a place of real human experiences. CHOOSE to Know it NOW. Love is the Way. Do the right-up things in every breath, walk the righteous path, speak your truth to power, and forever always follow your heart. The mind knows, but the Heart knows best.
Bless.
barf
Go jerk off somewhere else you god bothering prick
There is no plan B. I can't help but sense desperation in US and EU, based on volume and quantity of statements. This thing is about to snap, and they know it.
Russians haven't been selling bonds last few months. Wheels are turning, silence out of Moscow is deafening.
Oil for goods...BAD
Arms for hostages to aid Nicaraguan Contras...GOOD.
I kinda forogt but what are the world class products that the rest world of world just can not get enough of that are produced in Iran?
I bet they make great monocolor religious wear for women.
Complete bollocks. Go back to your jerkoff FreeRepublic.com ya phony right wing faggot.
So l list the items or go do your boyfriend nellie.
fxr, you've been to fight club before. You know how the fights are fought.
You need to punch stronger than that.
That was a glove slap...something that pussies get shot for in my neck of the woods.
RIPS
"I kinda forogt (sic) but what are the world class products that the rest world of world just can not get enough of that are produced in Iran?"
Largest gas reserves in the world maybe? How about third largest oil reserves?
And thanks to our "friend" israel no American can benefit from being able to trade with the nation possessing mass reserves of high quality crude oil. Us goyim schmuck get to chuckle at worn-out birkha jokes and consume Sean Hannity "Great American" pride instead. What a deal.
We'll put a boot in their ass, it's the amerikan way!
pods
Thanks to AIPAC being in control of US foreign policy via their paid-for stooge US politicians like Lindsay Graham and yes the biggest bootlicker of AIPAC Ted Cruz and Rand Paul.
Americans lose (!!) and even Iran gets stronger. Next time I hear that israelis are so smart I will want to puke even more. Talk about killing themselves over and over again. The host is nearly destroyed. where the parasite goes next I don't know... Maybe back to Russia? Not with Putin in charge.
"You don't say: another epic geopolitical debacle resulting from what was originally intended to be a demonstration of strength and instead is rapidly turning out into a terminal confirmation of weakness."
Good one!
Terminal confirmation of weakness reinforced everytime John Kerry or John McCain open their mouths.
Kerry should chew on some carrots, McCain should suck on some Werthers.
I wonder who the Yanks will try to sanction when China pulls a Crimea move in the South China Sea, and goes after something more than rocks, fishing grounds, and underwater oil & gas.
If Washington can't stop this deal? WTF? Since when did Washington become the center of the whole damn world? Somebody needs to stop these maniacal despots.
Its not Washington that is the center of the world its NY City.
//"Its not Washington that is the center of the world its NY City."
Lo and behold, it is the bankster puppet masters disunited state of washington-ac/dc and it's capitol NYwall street, against the entire world.
"Who would make war upon me? I am Love, and humanity!"
---Cornholio the True
Ummm. Try again...heres a hint.
Its the vatican, israel, city of london and us puppets.
RIPS
It's not "the deal", Doc.
It's the sanctions. Russia is busting them. 500K bpd is about all Iran had unpumped anyway. Now they get paid for it, regardless of sanctions.
Russia says they will send goods and food to Iran, but Russia will sell that oil intermixed with their own onto the market and get paid for it -- part of the process of draining money from their enemies.
In the meantime, Iran can now stop attending sanctions negotiation sessions and resume work on their nuclear weapons -- and maybe send progress reports to the Saudis and Israelis now and then.
Well this is stupid and surely illegal - there must be some sort of way to force USDs into this transaction - otherwise, these fuckers might just be able to do what they please, free from external meddling.
MAN THE CONFETTI CANNONS!
When the shit finally hits the fan you won't want to be downwind of ANY of TPTB.
Adon - The shit has already hit the fan. Half the population works 25 hours a week at $11 an hour with no benefits. I could find a job at a factory in the early 90's for that pay and since then the cost of living has doubled. We have bottomed out. Trade is so imbalanced (as it benefits only the very few politicians, corporations bankers) not having to defend global trade at $2T a year on my FUCKING tax dollars will be a blessing. The east, funded by the same old bankster lot and our sell-out politicians are now just filling the growing power vacuum.
And if and when we try and use military muscle to corner Russia as Radical Marijuanna stated we get to be the world's biggest suicide bomber. But the world will not like the repurcussions. No, not at all... A shame it is always the prole that pays the heaviest price for evolution/human nature.
Yeah, but there's still that pesky $ in front of the 20 in the headline...how they gonna get rid of that?
somebody here is paying attention...lil subconcious stuff slips right under the radar...like a jumbo jet
What exactly do you not understand about sanctions now being busted and nuclear weapon work resuming?
mass media has been going on and on about 'iran will have nukes in a year' for the past 20-30 years.
saudis probably have nukes. otherwise we could have invaded after 9/11.
That was close. The SPY almost went red there for a second. Thankfully we have those dip buyers.
When counterfeiting dollars becomes worth less yous gots to be buying the dip. That is another great way the FED counterfeits. They just run those free electrons right into the Stock Markets.
Is this why Jamie Dimon issued his own presidential executive order and stopped the money transfer from Russia's embassy in Kazakhstan? I guess we'll have to wait for another "leaked" phone call from Victoria Nuland to see if this guy Masimov was Jamie's -- er I mean Obama's -- puppet choice for new leader of this oil-rich country:
http://abcnews.go.com/Politics/wireStory/kazakhstans-prime-minister-resi...
Ah so there ARE uses for the barbarous relic. Obviously not so in the US though.
Go Bitcoin.
I thought we moved on from bitecoin to the next big thing. I'm so behind. Well I guess I'll keep stacking.
//There. Fixed it for ya.
BRIICS
brazil
russia
india
IRAN
china
s. africa
Of course this deal is minor in it's overall effect. But, anything that threatens Dollar Hegemony is a direct threat to the economic bases for American global power. Russia is just reacting to the financial war that Washington has declared on Russia, it is only natural that nations like Iran and Russia would transact mutual trade in a way that eliminates any need for dollar conversions, or the need to hold dollars in order to do world trade. A natural outcome, this minor step should be seen as a first step in Russia's need to trade without recourse to the American Dollar.
Let's be clear wbout what dollar Hegemony means to America. It is a fact that Government in America spends twice as much yearly as all the tax revenues produce. That means our 1 trillion dollar a year Military and Spy machine is really only a 1/2 trillion a year machine, imagine the USA military might trying to manage on half it's present budget! The other half of government spending, not covered by revenues, is borrowed using T-Bills issuance, Fed buying of the same T-Bills with printed money or the odd foreign nations and investors buying T-Bills for security in an unstable world. The real buyers of T-Bills is shrinking, and Russia and China, big buyers, are now under direct threat from America's military, spy and corporate leaders. They want to get out of funding US government debt. So that leaves the money printing Fed to pick up the slack.
The Petro Dollar, the Dollar asa world reserve currency allows the USA to print, print money with no backing, with nothing of value behind it. As we have seen, America can print trillions and the world steps up and accepts this newly minted money as a real store of value, this money can be spent abroad to buy Manufactured goods, all the electronic gadgets that young Americans live for, Oil, Gas, and other energy imports, food, raw materials, skilled labor, all this flows into the US economic systems and in return the producer nations get and accept American printed dollars. In it's most simple form this is a deal that only the holder of the world reserve currency can get, and dollar hegemony is enforced at the point of a gun. Nations who try and exit the dollar system are invaded and or bombed into collapse. Iraq, Libya are two recent examples.
Why all the fuss over Russia at present. I suspect it must have to do with Russian efforts to exit, as far as possible, the dollar system to gives America it's global power. Russia refuses to accept terms handed down by NATO and the USA, and they refuse to surrender their self defense capabilites to NATO. The proven willingness of Russia to remain independent and to attempt to remove itself from dollar dependence makes Russia public enemy number one to the US Dollar Hegemony system that is the basis for American power world wide. Russian military capabilites make it proof from the US invasion model of dollar hegemony.
I expect NATO and the USA to make a final push to break Russia and incorporate the pieces into a new internationally directed set of mini states, all open to banker and US corporate control, with puppet leaders under the control of the USA and EU military forces. Russia as a giant Yugoslavia split up and powerless. It's resources open to exploitation by US corporate entities, it's peoples made into debt slaves. The present day EU is a model, in which some states are nothing more than pawns in the hands of Brussels and City of London Bankers.
Under it all lies the Dollar as World Reserve Currency. Do a little research and see what benefits the dollar system infers for the USA. Without the ability to print instead of earn, the US can print dollars and fund all it's needs. the need for productive profit and value creation is minimal, only the USA has this right at present. ANy threat to king dollar requires a military campaign to restore the dollar as king. Iraq found out, that invasion was a wholly engaged war for dollar hegemony. Paul Graig Roberts has written some fine pieces on what King Dollar means for US power, and what any threat to it means for US military forces and their enemies list.
Jack is correct . Value of dollar under a regime of deficits does not matter as long as you have reserve currency status with petrodollar. Relative to other currencies, dollar will not be weak or will retain global purchasing power.
This is why Ukraine is important but not critical so far in threatening US dollar status---Ukraine must choose between capitalistic chaos without benefit of having a reserve currency or side with Russia to achieve economic order in short term. Other nations such as Moldova, Kazakstan
and others in Middle East will face similar choices.
Under normal circumstances, US and NATO military would have been deployed but for the fact that Russia is a nuclear superpower and Crimea is recognized to be in their sphere of influence as is most of Ukraine economy. Putin is saying if you want Ukraine beyond Crimea we will do everything possible to undermine dollar status, while US is saying we will cut you off dollar trading system. Next chess move will be elections end of May where Russia has tactical, cultural , economic and electoral advantages in Eastern Ukraine .
In this chess game of international affairs, Vladimir Putin may be playing like Boris Spasky, but Obama is no Bobby Fisher and is looking for a draw. In my humble opinion, while this may seem miniscule, the first crack in a dam can also seem small. This is a big deal. If the U.S. does not find a way to shore-up the petrodollar, it could lose control, then we will see how bucky and trade in USTs hold up. I consider this not a small event, but the beginning of the end for FRNs. Further, while I haven't been a player for years, I suspect the stock markets are very near their all time highs and will be heading south shortly. Hang on, Vlad is driving the bus.
So why would the stock market dump,where would the money go ? Are we Venezuela ?
The entire reason for the US led, financed and organized Putch in Ukraine is first step down the yellow brick road and the real prize. PRIZE=RUSSIA = Master Plan = DEBT CAPACITY "UNUSED" IN RUSSIA
debt resolution of US & EU – is the FINAL solution > RUSSIA >6.6 millon sq miles>$100++ trillion value conservative in probable reserves of: oil, gas, iron, copper, diamonds et etc etc > "ONLY" 146 million people - WITH EDUCATION AND SERIOUS IQ > government debt less than 2.5% of GDP - less than $45 "Billion" total versus USA at $17 TRILLION and 102.0% of GDP >russia also has low "private" debt for corporations and individuals as well> means what ???????
LBO (leverage buyout) > privatize Russia via securing national public asset reserves > via consortium of G-8 - hostile takeover / military > "reparations" (think! Germany 1917) defacto debt of EU and USA to secured assets of Russia via debt exchange > example: debt of Italy now at $2 Trillion - Italy gets 5% of Russia pie for participation in Hostile Takeover - sells 5% stake for $2 trillion public debt exchange of Italy > NEWCO buys debt for 5% stake in Russia public assets > proceeds on development of Russia with 10x + IRR > then incentivize massive immigration of Italians and ALL of western europe and USA to Russia - 200 million people to dilute concentration of Russians and eliminate unemployment in EU and USA > change language
CAN YOU CHECK MATE PUTIN AND ARE THE REST OF THE RUSSIAN LEADERSHIP WHORES OR DO THEY BELIEVE N MOTHER RUSSIA AND THEIR PATRIMONY AND ARE THEY WILLING TO FIGHT TO THE BITTER END?????
"Well, Jaimie, we're back."
"Yes, Lloyd! An entire new continent to subjugate."
"The Tsar should have not thrown out our ancestors with those pogroms."
"The scrolls say Revenge is cool. Too bad we lost NYC, but this Moscow skyline has promise."
One more reason to buy gold.
"Thanks for the groceries, Bill. How much I owe ya?"
"Ahh, 23 Milliliters of oil, Jim."
"Sure. Here's my flask. Where is your register?"
"Right there."
"Thanks."
This is just a jab at the joo bankers. russia doesn't need oil. how funny.
Russia Can sell oil to anybody Iran Can't. once the oil is in Russia's hands, nobody cares what color it is and where it goes. it's a blockade runner ploy straight and simple, the avoiding Dollars is just a little icing on the cake
Mostly.
This overtly busts the sanctions. Iran can go back to building nuclear weapons and sending photos of them to the Saudis.
Obama was using sanctions as his excuse for not bombing Iran. Now what does he have?
Not icing... Oil is the essential commodity that you have to have and buy in dollars, thereby guaranteeing a demand for dollars. The conversion of dollars to treasuries guarantees funding of the USG and the funding of the huge US military, which then enforces the oil for dollars regime and gives the NeoCons wet dreams.
The oil for other stuff is a direct attack on the US's ability to fund it's bloated military machine. It's the demand for dollars which allows it.
Notice the odd one out?
http://en.wikipedia.org/wiki/File:Chart-of-Oil-Trading-Nation_inverse.GIF
Now what would be really interesting is if the House of Saud fell.
Russia does indeed have oil, coal and gas in abundance. The prospect of a melting arctic sea opens these shallow waters to drilling and geology indicates some big finds are waiting, big enough to make up for depletion of the Siberian oil and gas fields, keeping Russia at or near the top of oil exporters. The fact that Russia has energy resources in vast quantities makes Russia a field of dreams for America's corporate and Banker elite rulers who have made it known that they believe it is unfair that Russia should have such resources inside it's borders, when in fact, the resources should by all accounts belong to America by virtue of America's exceptional world status. I believe the secret Israeli Ms. Madeleine Albright famously said that a world in which Russia is allowed to possess their own resources is an unfair world and that US policy should be directed at seperating Russia form their unfair possession of these energy resources. Her and her fellow Israeli Mr. Brzezinski made clear that Russia has no right to exist in it's present form and that US support for Al-Qaeda was a first step in directing Muslim terrorism into a campaign of terror on Russian soil, a campaign of direct benfit to the USA and a terror war that the USA should fund and support. See Syria for the model for this type of foreign policy. Other Israeli stooges like John McCain advocate US declaration of war on Russia to redress the growing power of a recovering Russian economy. The Israeli's and AIPAC Congressmen in Washington have made it clear that war must be used as a tool of US foreign policy to destroy the modern Russian state and reduce it to a Yugoslavia type set of mini states run by US and Israeli puppets. The Neocon "Project for the New American Century" makes clear in it's documents that all Americans are obligated to join in the Israeli and AIPAC controlled congress' efforts to get a war ginned up against Russia.
Meanwhile, the US media and congressional democrates call on Putin to surrender before it is too late and to turn over the nation to a US coup which will sperate regions along NATO inspired mini states to be run under US corporate and Banker control backed by NATO arms. Like Ukraine, wait a few years and see what happens to any Ukrainian who dares protest the new order of Banker control and NATO guns. Protestors will be arrested and jailed on sight, by the new Urkainian secret police, working under contract to the IMF banker rulers of Ukraine. History will judge the recent coup in Kiev as a banker inspired well planned looting expedition to strip mine Ukraine of all it's assets and burden the populace with a century of unpaid loans to western banks. The Euro Maidan stooges may still collect their USA paid 40 Euros a day, but the overall Ukrainian nation will be burdened by vast debts, all assets will be sold at pennies on the dollar to US and Israeli banker interests. Industry will be shut down and German imports will replace any domestic goods. Unemployment, cuts to health care, pensions and pay will be across the board. The only people to escape the western banker death squads and gang rapists will be the free people of Crimea, protected by the Russian Federation, No bankers will cross the border to enforce loans and debts, no IMF stooges will come with knives to slash old people's pensions to starvation levels. Why did even most ethnic Tartars and Ukrainians vote YES to exit Ukraine and join the Russian Federation? Well, watch the IMF loot and steal from Ukraine, while Crimea is now debt free as a government, no payments to bankers, no slashing of pensions and health care, new roads and bridges connecting Crimea to main land Russia to the east. Sevastopol will be the military hub of the Black Sea fleet bringing many jobs to that city. Energy prices will remain low for decades while Ukraine sees skyrocketing inflation. Russian Federation Membership will not make Crimea rich, but it will be stable, protected, and not subject to IMF rape. Free movement with Russian passports will allow Crimean youth to seek education and employment across the vast Russian Federation. Only a jack ass would vote to be part of the IMF stooge fascist nation of occupied Ukraine. The bankers and IMF rulers of Brussels are flowing into Ukraine will their laws and rules and secret police to enforce a banker dictatorship. What more can you say, let the history of the next few years tell the story. NATO death squads are already at work killing the foot soldiers of the revolution, no longer needed these thugs are now in the way of banker control, so they will be taken out, one at a time. Obama is personally in charge of the largest death squad on earth, a super secret collection of US special forces who operate world wide and answer only to the Nobel peace Prize winner, Obama. In Afghanistan the locals call Obama's death squads the "American Taliban". A well earned reputation for murder proceeds Obama's personal hit squad. This in a land of freedom and rule of law. ha! Ha! Look what we have become!
Well written, well thought out analysis Jack...
Great stuff Jack! I recently decided to reread 1984 since that was the year I read it! Holy shit, it is actually disturbing how that book correlates to what is going on in the world!
Spot on. Naomi Klein should revise and reissue Shock Doctrine given recent global events (Iraq, Egypt, Libya). Jack, I assume you are not a U.S. citizen, given your your writing style. It sometimes seems that U.S. citizens are the last to learn just what it is their government is doing in their name. So, while Shock Doctrine was a bit of a shock to most U.S. citizens, the rest of the world is quite aware.
The unwilling can never learn.
Amerika in a nutshell. Land of emotional thinkers. (yes, I know that is an oxymoron)
pods
Great post.
I have always looked at it somewhat like this, as a sidebar:
America is a young country. Not much perspective. US guys might do something short-sighted.
The Yooropeans would think like this, however: "Hans, we should arm the _________. That would put pressure on our enemy.
"Ya, Pierre, but King X did that in 825. How did that work out? Remember your history?"
"oui. That was short-sighted."
"Like the Yanquis."
The Celestials will think: Yang, we should arm the ______. That would pressure our enemy."
"Yang! Emperor Dong did that in 23 BC. Remember what happened to him?"
"My bad."
"You think like a brash Yanqui."
Obama - snatching failure from the jaws of victory.
What victory?
In Obama's case not fucking things up is considered a win.
LOL - OK - good point!
Why would they announce it prior to having the deal signed? Why give the banksters and opportunity to intervene. Putin should have kept quiet until it was a completely done deal - I think that the US must want this - why would they tell JPM to take these steps - makes no sense unless they want to kill the dollar - https://www.youtube.com/watch?v=_F7bM63ZfWQ
Thanks for the link
Awesome vid, thanks...
Cloward-Piven WAS just a theory. We now have enough evidence to predict it was actually initiated!
like others are pointing out, how can you even price this deal in us dollars, could be 2 trillion they way janet is going.
Oddly,the Russians helped the Iraqis during the Iran/Iraq war with weapons and training,advice and such.Then they sell the Iranians a reactor or two.This article is sort of a rehash because the Iranians have been swapping oil for stuff to the Chinese for some time now.
Interestingly,the Israelis seem to have a policy of no more Islamic nukes.
America has a policy of no more Cubas on this side of the planet.
BUT: The Ukraine gives up its nukes for guarantees and......
Number 1 and 2 world gas reserves
both in top 5 of world oil reserves
hmmm...what else can go wrong for OJ...oops, Obama today. These are indeed very interesting days..
Keep up the good work Putin, we want this Jewsih Cartel festroyed and if we must start over, we will but, without people like Obama, Dimon and Blankfien.
Not all Jews - and Jews are being equally as hurt by these psychopaths - sick of people blaming the Jews - when you talk about Jeffrey Dahmer do you name his religion - these are evil people of many religions.
Yeah, but they are mostly...tata...Jews ;) I just continue with my BDS, and that includes the entire tribe, all 12 of them to be exact...
Was Dahmer Amish?
He wasn't a vegitarian.
I would use Zionist or Khazar.
This deal is probably looking pretty sweet to Iran seeing as how the US courts just stold $500M worth of Iranian real estate in Manhattan after finding they (Iran) were responsible for 9-11! What a crazy world.
who committed 911? http://www.phibetaiota.net/2013/12/gordon-duff-911-unraveling-within-con...
the american elites are the biggest pieces of shit on the planet. may they and their families be cursed forever i will lmao when they get theirs.
Hope you're able to LOL from the grave... You'll be long dead before this happens.
$20 billion is chump change.
Sure it is. But $20B equivalent of physical barter is not. When's the last time two well-established corporations agreed to a barter deal of that size?
Trade - it's become an almost meaningless word - this or that, no difference
What is being traded - that is the point
Why do you want one thing over another at this point in time
Trade is fundamental
It's not $20 billion of digital one's and zero's so I beg to differ Sir...
True, but after the $ hyperinflates it will be a $20 trillion deal.
We will Kill the Dollar = perhaps JPM just did that - or at least hit the first domino https://www.youtube.com/watch?v=_F7bM63ZfWQ
NY Fed Has Stolen and - Mostly SOLD - Germany's Gold Reserves
http://chasvoice.blogspot.com/2012/06/us-fed-still-has-not-revealed-what...
The NY Fed has Gold from Germany, Sweden and India (and probably others).
People say that London and NYC are "the best places to get liquidity".
But.
Back in the day when Bank of England started quantitative easing, they had to borrow gold from France. Guess we found our motive!
Waiting for Barack "WW3" Obama to channel George Herbert "NWO" Bush and declare Russia a new member of the Axis of Evil.....(for wanting to barter goods for oil).
Barry's been b*tch-slapped by Putin almost as much as by Mooschelle.
Obama couldn't handle the neocons. THE NEOCONS!!
If he couldn't handle very legitimate dissent in his own country, how the heck is he gonna handle Putin?
Putin is smarter than a neocon.
Iran is no partner.
Sorry, they were going to do this anyway, the JPM move and general sanctionmoniousness is why they're talking it up. Chalk it up to our U.S. of A - ness.
http://roacheforque.blogspot.com/search?q=sanctions
Yup, time for everyone to get with the program. I have my daytime job, but any new "money" from alternative sources is in barter. My last little job was in exchange for a fifth of Jameson 12 Year Special Reserve.
You da' MAN
Zerohedge receives PROPS for being:
the highly influential American financial website Zero Hedge warned “[lit] the fuse that takes away Russia's choice whether or not to depart the petrodollar voluntarily, and makes it a compulsory outcome.”
http://www.whatdoesitmean.com/index1759.htm
Probably pretty accurate assessmeNt IMHO
Zerohedge receives PROPS for being:
the highly influential American financial website Zero Hedge warned “[lit] the fuse that takes away Russia's choice whether or not to depart the petrodollar voluntarily, and makes it a compulsory outcome.”
http://www.whatdoesitmean.com/index1759.htm
Probably pretty accurate assessmeNt IMHO
split 50-50 half French and half German and the Shah wants a gold A8 too!
HFT guys must be pissed that they couldn't front-run that order
Looking at debt to GDP ratios, maybe we'll see some more countries from the top of the list "getting along" and countries from the bottom of the list "getting into trouble"...
Saudi Arabia 3.6
Russia 8.4
Iran 10.3
Chile 12.2
United Arab Emirates 14.6
Nigeria 18.3
Australia 20.7
Indonesia 23.1
China 26
Norway 28.3
Iraq 31.3
Colombia 32.3
Hong Kong 33.1
South Korea 34.8
Switzerland 35.3
Turkey 36
Sweden 38.2
South Africa 39.9
Philippines 40.1
Taiwan 42.4
Mexico 42.85
Argentina 43.2
Thailand 44.3
Denmark 45.4
Czech Republic 46.2
Venezuela 49
Pakistan 50.4
Malaysia 53.1
Finland 53.6
Poland 55.6
Brazil 65.1
India 67.57
Netherlands 71.3
Austria 74
Israel 79.5
Egypt 79.7
Germany 81
Canada 84.6
Spain 86
United Kingdom 88.7
France 90.2
Euro Area 90.6
Singapore 97.9
Belgium 99.8
United States 101.6
Ireland 117.4
Portugal 124.1
Italy 127
Greece 156.9
Japan 211.7
(Dec 2012 data except Japan & Norway Dec 2011)
Missed much demonized Belarus....
Would be good to see list updated..
Economist World Debt Clock...World Debt Comparison is more current.
Nigeria 18.3 debt/GDP ratio, and USA is 101.6 .... So Nigeria has 5 times better governance of its economy?
Lack of wherewithal does not equal principled economic restraint.
We have a slightly better currency though... ;-)
Could you blame a reasonable person for thinking that the puppet masters that pull the strings of our Administration are deliberately implementing TPTB NWO goals of bursting the bubble of American supremacy, as Soros likes to put it, by intentionally eroding the reserve status of the U.S. dollar? Or perhaps you prefer to think that the consequences are "unintended."
It's possible. Or, could be Putin is analogous to Tyson's "[punch] in the mouth". Speaking of MT, another of his quotes could be applied to Putin as well - "I don't try to intimidate anybody before a fight. That's nonsense. I intimidate people by hitting them".
And last, but not least - "When Jesus comes back, these crazy, greedy, capitalistic men are gonna kill him again" - MT. Even Mike has the measure of these "fucking cockroach"s. Not so much what capitalism is, but hey...
So of course the dollar is sharply UP today.
Not that $20B is big in itself in terms of the big picture. But neither did the mudslides in CA start out big.
You can't be a currency trader in an unrigged marketplace and believe today would be a good day to push the price of the dollar up sharply.
HFT moves FX too.
Forget money people. Money won't take this down. Money can be redefined at any time.
Oil scarcity is what will take it down. Soon.
looks like things are going nicely and as planned for the NWO globalists and their puppet, obama, who are taking their enemy down piece by piece: America
People need to stop thinking as if obama is making mistakes or being "outmaneuvered" by Putin, or any of that B.S. It's all an act to look that way and obama is more than happy (and extremely obligated) to do as he's told and act like the inexperienced idiot with poor skills in dealing with Putin while making Putin look like the "chess master" as the media keeps pushing it.
This is all being done by design to take America down. It's the Cloward and Piven strategy on a global scale. While obama takes us down internally via massive entitlement social programs, massive debt, massive spending, etc., he's also alowing us to be taken down internationally by playing this act (WWF style for the idiot American masses who don't get what's really happening), and he's doing what he's told by his globalist masters.
The dollar has been on this crash course for many years. They know it's impossible to save and they really don't want to save it either, do they? Obviously not. So they're going to continue this crash course towards weakening it further along with the rest of America's economy and our vast "middle-class" who have grown used to living way above our means and enjoy Constitutional rights and liberties like no other people have in world history.
The globalists hate that....and they hate us....and they have a score to settle with America....and they're in control....and they're going to wipe us out monetarily.
This is how they're doing it and obama is just playing a part in the whole thing for them. He grew up hating America and he's more of a Marxist than an American in every way shape and form. He's basically the Manchurian candidate/double-agent who is here to help wipe us out. He's not Putin's enemy...they're both playing parts and they're both on the same team behind the scenes.
Does anyone really think obama makes any moves or decisions or comes up with Executive Orders or anything else all on his own? Are you kidding? He has so many handlers around him and so many people giving him orders that virtually everything he does is scripted and planned out by dozens of other people. He barely has an original thought in his fucking head. He probably doesn't take a shit unless he given permission to do so.
He's not making any "mistakes" in dealing with Putin or anyone else. He's only doing as told. He was told to go hard and heavy after Syria by his masters, but when Americans became outraged over it, even his masters had to realize it and admit that pushing any harder on Syria was going to be a disaster at that time and it would be best to back down. So they did and obama did as he was told.
So they continued to move towards Russia via Ukriane, which had been in the works since Cyprus, then the Sochi terror attacks, and then the Ukraine overthrow. Do you think Putin wasn't in on all of this?
We have to remember they're thinking so many steps ahead of us than we can ever fathom. It only becomes clearer to us as we look back at the actions taken and connect the scattered dots to then see the bigger picture they were working on.
They knew upsetting Ukraine would be beneficial to Putin. They knew this would set the other events into motion like this gas crisis and these bi-lateral agreements between countries to further weaken the U.S. petro-dollar hegemony. It's all part of the plan to break the dollar down further along with the massive QE until we finally go into total default.
When America collapses that will be when they move in with U.N. troops, foreign troops (many who are already here and training secrectly) initiate Martial Law, and try to take the country over. Does anyone here not believe that obama is part of a conspiracy by globalist NWO scum who wish to see us collapse and be taken over? If you don't by now, then I think you're crazy.
But obama has to act innocent of this while "making mistakes" in dealing with China, Russia, Iran, etc. And he has to do it in the next couple years if at all possible. They have many options. They may set off a dirty nuke in an American city like the already destroyed Detroit. They already ruined the city and they've already been moving most of the car manufacturing off-shore to China, right? More de-industrialization of our car industry will continue.
They may totally bankrupt GM again in order to completely finalize the end of our auto-industry there...and then they might nuke the city and blame it on patriots in order to usher in their Martial Law plans. That's the extrememe end of the range of things they might do...but I think it's on the table in some way, shape or form. Obama already showed one of his "tells" when he hinted at a nuke going off in New York City.
They might do it to take out Wall Street. It's already a disgusting cess pool, so why not blow it up which would cover up all those trillions in debt sitting on the books. Just like they did in 9/11 in NYC, right? All the evidence in those buildings was wiped out and they got away with Trillions! They could do the same thing again by blowing up Wall Street and crashing what's left of our already near dead economy all in one swoop.
They might even "marter" obama and take him out like Kennedy. They've already been pushing the racial shit since he took office and racial tensions have almost never been higher in America at this point. They would then cause riots like they did in Ukraine and all those many other countries they had hands in overthrowing...only they would use the race riots to bring in Martial Law.
They have many options...
All this shit has been planned with many options on each move that the globalists can adjust on the fly and call audibles on depending on what else is going on. The pivot from Syria to Ukraine should now be clear and obvious to everyone. But Syria's still there and they can go back to it at any time. You'll notice the media follows right along in order to try and keep Americans focused on what "they" want us to focus on. The has-been state-run media plays their part in the propaganda game very well still even as they implode in the face of the new real media which they still call "alternative".
Anyways...there's not much we can do about the end-game for the dollar. How it eventually gets buried is anyone's guess. Any number of differenct scenarios domestically or internationally and combinations of both are constantly being used against us. We may win battles here and there like in Syria, but it really just delays the inevitable. They work around us and move on to another play from their book. They've been doing this for hundreds of years.
Our best defense is going to be those of us who stack phyzz so that we can hopefully make it through the great monetary reset that's eventually going to occur. And our massive stockpiles of guns and ammo so that we can fight if we need to against the tyranny the globalists are going to try and impose on America to take us out.
I think they'll lose and we'll kick their ass unless they decide we're too tough and nuke us. But if that's how it's gotta be and they decide to go scorched Earth on us then it'll be their loss as well at that point and nobody will win which could be called a victory for us for not going down until the bitter end.
started my garden today
Scorched earth is a more likely outcome.
did you miss the photos of those malls?
I think there are far more people who believe this than are willing to admit
Anyone who believes this should be admitted.
Admitted to Ft Knox to see the gold.
Believe it or not I saw Vince McMahon walking out of CFR headquarters this morning.
You are a paranoid idiot, it scares me that this rant got so many upvotes. Why would the NWO want to collapse America and the dollar when they are nothing without the dollar and the US military that was bought with printed money? The dollar has been on a crash course since it was created, it doesn't need any help toward its end game. That's how fiat currencies operate. All recent actions are desperation to prop up the dollar and the Euro.
And you really think that China and Russia are in on the conspiracy? It's difficult enough to get more than two people to agree on where to go to dinner, let alone get countries to act together on a vast covert conspiracy. Why would UN troops want to occupy a hollowed-out USA? There is nothing in the US worth occupying besides Hawaii and Disneyland. And where would they come from? UN troops aren't effective in peace-keeping let alone occupation.
You are confusing US actions that don't make any sense with some complex scheme when it simply boils down to greed and hubris. And stupidity. You give the US government far too much credit.
I'd have to agree with you, nice post.
Yeh, pretty much sums it up.
great rant!
Where is Major Marco? Your country calls, sir.
For the record, Hitlery is the Red Queen.
I can buy into the existence of a plan to bring down the American Empire and USD as global reserve currency. Lots of people would like to see that and they're not all "globalists".
What I can't see is that Russia and China are actually a willing player in this plan. Sure, they might like to see this happen and are preparing for it. But their plans are probably separate and running in parallel, not part of the "globalist" plans.
Then we have to identify who these "globalists" are that you refer to?
And what do they plan to replace the USD reserve currency with?
And do they believe such a massive re-alignment of global power can be achieved without civil war in the US and/or global war?
http://www.buzzfeed.com/mjs538/completely-surreal-pictures-of-americas-a...
DECLINE
I would love to see the White House and the House of Representatives look like that some day....soon....
not quite but closely resembles an experience i had recently of a mall still open in San Antonio TX. eerily similar...
Hey, a little paint, throw up a fence, great fema camps!
I come to these comments to see how many people are lining up to suck Putin's cock.
No one wants to suck anyone's cock. We come to speak of ways to counter decline, not celebrate it. If you are too stupid to see that, then I suggest HuffPo.
re No one wants to suck anyone's cock
You'd be surprised - go ask Reggie, Linsey, Bwarney, Hillary (so long as it's rubber)....
r u gay?
If so - and if you also lisp - you might wanna try thockthucker.com
In Soviet Russia Putin's cock comes to see you.
That Putin pic. Could be anger, or him right after sharting a really hot and juicy one.
Cut the FSA off. Set them free.
well since i dont believe anything anymore, i have to come to the conclusion that this is just theatre for the masses.
Somehow, somewhere this is pretty well scripted i would imagine.
No shit - way too perfect!
Looks like Barry hit the wrong reset button.